tv Viewpoint With Eliot Spitzer Current April 25, 2012 8:00pm-9:00pm PDT
next. ♪ >> good evening i'm eliot spitzer, and this is viewpoint. the white house challenge to arizona's horrific immigration law sb 1070 did not seem like a win center the supreme court today. justice sonya soto mayor even gave gave sow sow solicitor donald verilli that where his argument was concerned. you can see it's not selling
very well. arizona's law passed in 2010 established a policy of, quote attrition through enforcement to deter and drive ill legal immigrants from the state in what they described as an emergency situation. it requires illegals to carry identification and bans them from having a job. and it gives state and local law enforcement the power to detain anyone they suspect might be illegal immigrant. illinois democrat congress luis guttierrez spoke for many when he commented on that outside of the court. >> making judgments on whether you have dirt on your boots the color of your skin, the accent of your voice or your last name. that is no way to make law enforcement in the united states of america. we need comprehensive immigration reform in this country and not laws that treats thousands and millions of latinos as suspects. >> but the power to enforce immigration laws, not whether that enforcement is a good or bad idea. that's why solicitor general
verilli agreed with chief justice roberts from the start that this case wasn't about ethnic or racial profiling instead, he argued that the law should be repealed because it conflicted with the federal government exclusive control of immigration policy. associatejustice scalia batted that away. quote, the state has no power to close its borders to people who have no right to be there? what does sovereignty mean if it does not include the ability to secure your own borders. as for arizona goner i can't think brewer, she seemed confident that the state had won it's case. >> i thought that the hearing went very, very well. i feel very confident. as i walked out of there that we will get a favorable ruling in late june.
>> with me to go over the case in its real world and political implications represent stiff chad campbell house minority leader and ms. wong director of the cecilia you were a clerk for the united states court, a remarkable honor for young lawyers. you were there today. explain to us why even if you oppose the law on the substance this might an difficult legal case? >> well, i think the first take away is that the court expressed great skepticism about two provisions when arizona tries to make it a crime under state law to work without authorization and makes it a crime not to carry registration documents. those pro provisions really receive some hard looks from the
justices. now, the headlines that you've mentioned really focus on tough questions that they got about section 2-b. this is the "show me your papers" provision under which arizona police officers are required to check someone's immigration status. now here is an important thing that we shouldn't miss about today's argument. arizona was in court today defending not the law that the arizona legislature passed, which was really out of disagreement with federal policy and requiring police officers to throw the book at immigrants, to detain them and haul them off to jail if there is any suspicion of undocumented status. the law arizona was defending in court was really a fictional provision under which were simply notifying the federal government there is someone that we think might be undocumented.
the justices on that view of section 2-b the show me your papers provision were skeptical about the arguments about federal resources. >> can i interrupt one second. >> sure. >> most are not deeply schooled in the law as you but the issue of the jurisdiction who has the power to do some of these--take some of these steps, what arizona has argued, we have the power to ask people to prove their status and that does not in any any way contra-vene the federal law. >> you're right. the case is about the limits of a state power to create it's own immigration policy and it's own immigration enforcement scheme. i think what eventually came through in the argument today although chief roberts came out of the box about the case of
racial profiling and the general solicitor said that's not our claim here. that really is relevant. as you said ordinary people-- >> sell seececelia. hold that thought. i want to give chad a chance to jump in here. he's the minority leader in arizona. i want to ask you even though i think--i don't think you're an attorney, but you voted against this law. do you understand obviously there is a difference between it's being a bad law and it's being unconstitutional, and how do you come down on the issue of constitutionality. >> i voted against the law. we've been very clear about that from the beginning. and i think that constitutionally there is confusion about this bill. there always has been. even though i'm not an attorney, based on what i've been learning today and what i have seen today, and what i heard about the account of the supreme court hearings i believe that there
is a logical argument that is going to throw out parts of this bill if not all of this bill. that's part of the argument we made when we voted on this bill a couple of years ago. regardless of whether it survives a court challenge, if you're crafting a bill, and parts are thrown out in the supreme court how are you going to solve anything. that's the argument for many of us. this does not solve anything. it hurts arizona economically, and it does not get to the real issues that are surrounding a very complicated and very substantial issue, which is the immigration policy of this country. >> right, and which i think all of us feel and certainly the three of us, i don't want to speak for anybody but it needs to be dealt with on a federal and national level for any coherent meaning that is attached to our immigration laws. cecelia let me ask you what would this mean in a real life law enforcement context.
the general solicitor gave that argument away. should he have given it away so quickly? was he obligated to give it away at this point? that is what this law will do to us. >> he didn't actually give it away. he pointed out even though sb 1070 targets undocumented immigrants u.s. citizens and lawfully present immigrants are going to be effected by that law. if you're an united states citizen, you. to go out for a jog in the morning and you don't have your license on you if a police officers stops you fortress passing in a closed park, as it was pointed out you're going to be streeted treated to a strip to jail by officers who think you're an illegal immigrant. that's the relevant to the narrow question of states rights. the supreme court has always said if a state acts in a way that will impact lawfully present immigrants, that's a
situation the constitution doesn't tolerate. and it's going to effect people of color in this country as states look at these laws and try to regulate immigration. >> now just to explain, i want to get back to chad in a second. but cecelia am i right in where this case sits. it has not been in place it has not been enforced you can't argue factually there has been profiling, there are no yet cases of profiling to use as a basis for very real life experience that you created as a hypothetical. >> actually, the aclu and over civil rights groups brought lawsuit before the justice department came in. unlike the federal government we have claims and fourth amendment claims and there is some evidence despite the fact that arizona's law has never gone into effect, we see agencies in arizona who has long had the policy that arizona is now trying to make a matter of statewide mandate.
so there are some who have been doing these stops. and u.s. citizen who is are latino. they have been stopped profile and detained at the side of the road and asked by police officers to prove their right to be there. >> i have no question that that is the impact of this would be, but verillo his argument did not rest on that. chad, you said you were not an lawyer. my hat goes on to you that means you something that we lawyers have, which is common sense. look forward. what if this statute is struck down or even if it isn't how does that play out politically? this is going to be contentious going into the november race. give us the more on this. >> i think the majority of the public in arizona and nationally from what i seen anecdoteally and
people across the state from the polling we've done show that most people want a real solution and a real common-sense approach to the immigration issue. they want a comprehensive solution. they want the federal government to do their job and they want to have a solution that doesn't involve the states trying to take matters in their own hands and making things worse. you know, 1070 has had an huge negative economic impact on arizona. it has created decisiveness in the latino community. and it has not been anywhere near the solution that the sponsors sold it out to be. i think the majority of arizonans are starting to realize that. >> is there a thread here, an on instant nance on the part of governor brewer and those who wanted to race this issue hammer that they use. as you pointed out it has not solved the problem. economic issues, federal enforcement, all this does is rile up decisiveness in the community. is there any pushback politically in the state as a
consequence of that? >> definitely. and we've seen the latino voters start to come out. they came out in the city election. we've seen them registering to vote this year. unfortunately we have leaders right now like governor brewer who seem to be more interested in grandstanding and really selling her book than actually governing the state. she went to washington, d.c. this week to take part in these hearings while we're in the middle of a budget crisis. we don't have a budget for the state and january brewer left the state. that's not leadership. that seems to be a common theme under her administration. it's more about promoting her than actually promoting arizona. it's the g.o.p. leadership. we have a huge budget deficit in arizona and their solution was to sell off the state capital building to wall street. we need to create jobs and their solution was to beg the federal government to make arizona the dumping ground. there is no foresight from the g.o.p. and from the governor. unfortunately, instead of solving problems, they want to
engage in political rhetoric and score points in the far right base. >> here is the good news. if you sold the capital to wall street, it means that we the taxpayers own it at the end of the day. maybe it comes back to us in the end. >> good point. >> state representative and house minority leader, chad cam balance, and cecelia wong, former supreme court clerk. i have to say that. so honorable. barney frank joins me next on viewpoint. our conversation is with you the viewer because we're independent. >>here's how you can connect with "viewpoint with eliot spitzer." >>questions, of course, need to be answered. >>we will not settle for the easy answers. [ male announcer ] this is corporate caterers miami, florida. in here, great food demands a great presentation. so at&t showed corporate caterers how to better collaborate by using a mobile solution in a whole new way. using real-time photo sharing
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$700 billion bailout. not so fast. our number of the day $60 billion. that's the latest estimated loss from the troubled asset relief program tarp as we know it. three and a half years after the feds rescue of the financial sector. taxpayers are owed $118 billion. but it's not all dollars and cents. tarp inspector christie romero acknowledged that it may have been a bail out then but may make things worse down the the road. because the banks who created the crisis are back on the high-risk bandwagon with an explicit government guarantee standing behind them. meanwhile millions of americans lose their homes and suffer under high employment. we may still be living in a
world where too big to fail banks keepepepepepepepepepepepepepepepepepepepepepepepepepepepepepep as i understand it in radio they can't see you, so this is big for me. >>tv and radio talk show host stephanie miller rounds out current's new morning news block. >>it's completely inappropriate for television. >>sharp tongue, quick wit and about all, politically direct. >>politically direct to me means no bs, the real thing, cutting through the clutter. my show is the most important show in the world. it takes people with real knowledge to build and maintain a race car. polymers, hydo-carbons, thermal plastics, math and science? you bet it is. many kids don't understand how important these subjects can be that's why time warner cable developed connect a million minds. to introduce kids in our communities to the opportunities that inspire them to develop these important skills. how can my car go faster? maybe your child will figure it out. find out more at
connectamillionminds.com >> he is a lion of the progressive movement. the first voice heard on any issue from equal rights to financial regulations after 31 years in congress, barney frank has decided it's time to retire. but if you thought he would fade away silently you don't know barney. joining me now congressman barney frank democrat from massachusetts, former chairman and now ranking member of the house financial services committee, coauthor of the that you for your time. >> thank you. >> to repeal the frank-dodd bill the orderly liquidation authority, why are they doing this and how significant a blow would that be to the entirety of dodd frank? >> that would be an incredibly
blow. a requirement that people who secured loans retain some of the risk. that was the single most important. loans where people didn't care if they were paid back was a problem, but what this would do is put us back where we were in september 2008. the provision here by the way that was strongly advocated by the bush administration in the sense that they were right sheila baer, head of the fdic, and ben ben ber benake. they had two choices. they could pay all of the debts or pay none of the debts and let them collapse. so the lehman brothers collapsed
and it froze up the economy everywhere. ben bernanke said this is crazy. if a large financial constitution today can't pay its debts and we do a lot to try to keep that from happening but if it can't pay their debts they go out of the institution. if a large institution can't pay its debted it's abolished. the shareholders are wiped out. the officers are fired. the board of directors are fired. secondly we give discretion to the administration, you know what if none of these debts were pay that would mean that other people could not pay etc. etc. we will only pay as much of the debt that we need to prevent there from being a collapse. but third and most important anything we pay out would be recovered from large financial institutions. so it will not cost the
taxpayers. we abolished the provision that the feds use to lend $80 billion to aig. the republicans said, you know what? we don't think--this is what it comes down to--that healthy financial institutions who didn't fail should help to pay the ones who do. they repealed the whole thing and there was an eloquent plea on behalf of the banks they're being subject to this tax and that tax so these poor banks which have come back to profitability, they don't want them to be on the hook for this. they want to return to the situation we were in september of 2008. it's incredible to me. the sign of the evolution towards irresponsibility in the republican party because it was the republican administration who said, look, we're not happy about this. we want to prevent these things were occurring. but large institutions pay none of its debts and causes the
chaos that we had. they want to go back to that. >> i agree with everything that you said. the only point that i would change history i do not accept the claim that there were not sufficient tools in the early stages of the debacle leading up to '07 or '08. but your fundamental point is so important. the republicans tried to take away the tools the government needs to confront the issue going forward. why do they-- >> let me say this. you're right earlier on ben bernanke inherited right right to step in and stop the bad subprime loans. there interest tools that could have been used to stop things of deteriorating. what i'm talking about only is as of the moment when the crash came, which we agree on. >> absolutely. is this the fact systemic of what is going on with the agenda almost a paradigm of what the republicans have been parroting for many years. they want to cut taxes again.
save money for the defense department. deregulate financial services. this is dejavu all over again. >> this deregulation which got us in trouble. the wall street journal praised paul ryan and said it puts money back in. but it takes money from medicaid medicaid. it gives them more money to spend in afghanistan and else with a and less in medicare and medicaid. i'm struck--you--i've talked to people at financial institutions. one of the things that is happening right now to keep europe from collapsing
financially. to keep europe from collapsing is the single biggest on stallobstaclefrom us going forward. when they under understand working with the european banks but the republican party would tell the federal reserve don't do a thing to encourage europe to do these things. mindlessness has taken over. they are not only for deregulation but they're against any constructive activity that would deal with the crisis once it comes. >> look, there is an age-historical nature to the lessons that the republican party pretends to have learned. i want-- >> let me just--let's remember, you're a good harvard graduate. let's go over the history. remember what they said after
napoleon was overthrown and king louie came in. they have forgotten nothing because they never learned anything. the republicans don't forget anything. they didn't know anything to forget. >> you may perhaps more cynical. i think they learned it but they chose to forget. >> i won't fight that. >> for whatever reason they're prescribing things that are a disaster. you have 31 years of institutional knowledge and knee enormous understanding of government. is it possible for those who have a progressive agenda to operate and be persuasive when the public is so cynical. >> you asked the right question in a very profound and thoughtful way. ironically here is the problem. we are getting blamed, we the democrats, for their mistakes.
barack obama inherited the worst economy in years. it was worse than we thought it was. while we were making progress and improving, the progress has been slower than anybody wanted, and we get blamed for it. we're in a vicious cycle and it's exactly as you said. the people are angry at the government. they don't provide the resources that we need to improve the quality of life because the government is not doing things to improve the quality of life people get angrier. when they get angrier fewer resources. i see one way out of this. we need to bring about substantial reductions in america's military spending. when we are excessively engaged in afghanistan. our original goal of putting an end to bin-laden. we need to make a breakthrough. the people are angry at government. thethe angrier they are at
government the less government can do things. the less roads let's cops on thethe less cops onthe streets the angrier they get. >> so many of the issues converged, the tax cuts expire. the is there an opportunity to make that argument and really begin to implement a different vision assuming the president is re-elected and we have held our own in congress? >> yes, i think once again you put it right. here is the deal. we are overdoing the military spending. now its zero-sum game. the wall street journal put it correctly. even if we make deeper cuts in the military or equally deep cuts in medicare or medicaid. the public is beginning to understand that. i think staying off in afghanistan longer, building up
more nuclear weapons when we already have more than anybody can ever need for any conceivable problem the public understands that. we have a chance after the election to say we're going to make constraints on domestic spending, no question. and we're going to make severe cuts in the military. and some of the right wingers don't want to see any cuts in the military are going to go for taxes. if democrats were to hold the senate, president obama is re-elected and we make gains in the house, and maybe enough gains to take over. i think the momentum will be with us, and we'll raise taxes on wealthy people. we'll reduce military spending constrain spending elsewhere and get back on the right road. >> i hope you're correct. barney frank one of the great powerful voices in the house of representatives for 31 years. thank you for your time. etch-a-sketch candidate, an
>> still to come, rupert murdoch takes the stands. but first call it cool. call it swagger. call it nutso. the president slow jams and we put it in the viewfinder. >> i too want to slow jam. >> getting a chance here. all the way to tampa. >> we're working out the details, and we'll-- >> he is cool. mitt romney is not cool. ♪ oh, yeah >> if you know anything about the g-spot. why can't i have an a b c d e, f g spot ♪ you should listen to the
president ♪ the prezee of the united stezee >> having swagger is important to these young folks ♪ frankly i don't buy it >> mm-hmm, the barack obamaness monster just anti-buying it. >> just how much is on the president. >> it wasn't a lot. oh, my god brussels sprouts. and it was roasted and hard boiled beforehand. that is the real thing. >> i don't care. i think it's nutso ♪ he's the one with the most >> free to become prosperous. i left my last page of the speech. does anyone have my last page. >> do you know mitt romney? >> i've met him. but we're not friends.
>> i like president obama. >> which one. >> the younger one. >> if i said that,-- ♪ that is how we slow jam the news ♪ oh, yeah ♪ >> i don't know, marco rubio by the time you're at the end of the speech, and you're desperate and you can't make it up by the end of the >>just refreshing to hear. no other television show does that. we're keeping it real.
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the earthics of the british press. much of the hearing was with murdoch's denial over british politics. >> people think over 30 years the support you give to politicians through the endorsements and the sun in particular the quid pro quo after they attained power. >> i think it's a myth. and everything i do every day i think proves it to be such. i want to put it to bed once and for all that that is a complete myth. >> so what is the myth, mr. murdoch? >> that i used the influence of the sun or their supposed political power to get favorable treatment. i believe perhaps the independent newspaper into business. >> joining me now tell us what
happened today. you were both a reporter and obviously an observer of british politics. this is a remarkable moment, arguably the most powerful journalist in the world answering questions looking old and shriveled what do you think about this? >> we hardly get to see anything of rupert murdoch and we don't get to know what is going on in his head, and then we had four hours. it's extraordinary how much exposure we're getting from him. it's extraordinary how difficult he was today when he was in parliament last year. when he couldn't remember anything. today he was like on amphetamine amphetamine. he was jumping up to the desk. he was telling people what was what and he was fighting back. >> that's exactly right. last year when he testified there was a grandfatherly sense of, gee, i don't know. other people handle things for me. today he was the ceo. he was clearly saying, from my
observation, i was in charge and he was fighting right back of the myth or the weaving of power that he has. dubai it? he controls 50% of the media in great britain. he understands and controls what people think. will people believe that the prime ministers and parliament don't jump at what he says? >> yeah, for 30 years britain being what it is, a monarchy, although the king has been rupertrupert murdoch and not queen elizabeth. he tried to give them questions and not queen elizabeth talking about ordinary business and doing what people always does. and i didn't buy it, no. >> and this is on top of revelations yesterday that one of the ministers in the cabinet who was supposed to determine whether murdoch was able to buy abc, nbc and cbs all an once, and this notion of independence
seems completely contrary to the fact of the record. what are we missing. >> we learned that the there was resignation today because they were found to be giving information to news corp from the government. this is the time of a massive $12 million bid for news corp from sky. he was denying that he had any influence over british politics. he had no attempt to push his commercial interest in politics. he said that over and over again. at the same time he told us and said it was adequate ordinary that the prime minister, david cameron, delayed his holiday in turkey detoured across to a private yacht in the greek island just to be with rupert murdoch. he said this as if this is ordinary behavior. we had a pitch today of something you could organize as close to corruption, of governments cow-towing in front
of this media tycoon, and to your peter murdoch this is completely-- >> this is not power. this is as ordinary as people walking along the street. >> this is how the game is played. that's how he sees it. this is a game in which he holds the cards. >> what is the longer term impact for the cameron government because of these revelations? does it cast a shadow? put into the context the economic news that great britain has lapsed into a second recession a double dip. will cameron fall because of this? >> we've had first of all we've had news corp and its journalistsists in trouble. then police officers in trouble for accepting bribes, and then the political stage. that's what the inquiry is looking at. they're anxious about politics and the media. this is the time for them to
feel the heat. i also feel the opposition in great britain will feel the heat. because of this cosy relationship that has gone way back. tony blair. >> this is a bipartisan effort on rupert murdoch's part to influence government. he wanted this done today. it's not done today. he faces more grilling tomorrow. what issues remain hacking at others and what do you think hans? >> today was like a walk down history. tomorrow we're back to the current moment, and as you know it's incredibly tense. it's all about phone hacking and how much does he know, when did he know it, and how did he allow when we heard from other inquiries a culture of corruption within his own company to grow and to take over his company. >> and so my guess is by the end of tomorrow he will not only disavow any political influence he'll disavow any knowledge going on and any headlines and he will claim he didn't know he
was running the media by tomorrow. >> yes we'll back to the do therring old man. >> thanks for coming. >> thanks. >> my vie if you have an opinion, you better back it up. >>eliot spitzer takes on >>science and republicans do not mix. >>now it's your turn at the only online forum with a direct line to eliot spitzer. >>join the debate now. [ male announcer ] cookies with smooth caramel and chocolate. ♪ ♪ hmm twix. also available in peanut butter. [ male announcer ] at green giant we know nature gives us the most nutritious of gifts. but only when they are ready to be given. that's why green giant picks vegetables at their peak. ...and freezes them fast locking in nutrients ...for you to unwrap. ♪ ho, ho, ho. green giant ♪
[ man ] ring ring... progresso this reduced sodium soup says it may help lower cholesterol, how does it work? you just have to eat it as part of your heart healthy diet. step 1. eat the soup. all those veggies and beans, that's what may help lower your cholesterol and -- well that's easy [ male announcer ] progresso. you gotta taste this soup. attack on women that perhaps the majority of the population woke up? >> idaho is not known as approaching act i.v. you had hundreds of women show up, thousands signed petitions. they made their voices heard. what happens is that now, the legislators are running scared. very similar laws have passed quietly in other states for the past 10 years, really in the past two years have intensified. pennsylvania a similar law was shelved, idaho this proved to be political poison. women are paying attention and having their voices heard. >> thanks for
coming in. >> the aclu considers a demand that to get a job you have to let an employer open your private mail, the senate wants to make it illegal to hand over a password to your facebook account. >> score one for the 99%. and taking on bank of america and wins. but first to francisco where we check in with jennifer granholmed a "the war room." how is it going tonight governor? >> it's great. do you remember what it's like to campaign? in our war room we're all about the three ins of politics, money, message, and mobilization. we're going to take a look at
how the romney is attacking the three ms and how money is corrupting the american political system. we'll take a look at american campaign strategy. we're going to have those stories and more at the top of the hour. >> jennifer, now i'm upset. all the years we were in office at the same time you never told me about the three ms in politics. >> oh, please, i saw you in acacacacacacacacacacacacacacacacacacacacacacacacacacacac i don't just talk about politics, i've lived politics. >>beltway politics from inside the loop. >>bringing you exactly what's happening in politics today by people who know what they're talking about. >>d.c. columnist and four time emmy winner bill press joins current's morning news block. >>i know what i'm talking about and i love it and i try to bring that to the show.
is on the new news network. >>welcome to the war room. >>jennifer granholm joins current tv. a former two-term governor. >>make your voice heard. >>detremined to find solutions. >>that partnership in order to invest in our country is critical. >>driven to find the truth. >>how did romney get his groove back? >>fearless, independent and above all, politically direct. ♪ >> up next, a nanny teaches bank of america an important lesson but first here is my view. democracy workers works when people participate. which means they vote. we've will 62% of eligible voters turn out in 2010. compared to 93% in australia. and now a new report sheds light
on one of the possible by-products of that horrendous citizen united. 25% of voters, one out of every four polled said they're less likely to vote due to the influence of super pacs. even worse there are some groups who are determined to keep people from voting. groups like alec have designed to keep votes were showing up. their rational, they help to stop voter fraud. well, it's more common to be struck by lightening than to see an actual case of voter fraud. what we should be endeavoring to do is to increase participation by promoting same-day registration voting by mail and electronic voting. that's what democracy looks like. there is another more insidious side to this. groups concerned about voter
fraud suddenly have no concern about fraud on wall street and want to deregulate everything in sight. where there is no systemic fraud in voting, they deregulate where there is damaging fraud. they deregulate. they want to suppress the turn turnout among groups who will not vote and make it easier for the big financial institutions to get away with exactly the types of shenanigans that brought on on the cataclysm of of 2008.
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>> a 22-year-old nanny working two jobs goes after the largest bank in the u.s. and wins. when bank of america announced it would begin charging its customers an extra $5 a month to use their debit cards molly katchpole started an online petition at change.org . in one month she collected more than 300,000 signatures. it didn't take long for katchpole's plight to attract national media attention. customers dropped like flies from bank of america and the movement snowballed starting similar petitions against big banks and the rest is history. in less than one month bank of america dropped fees, as did so all the other national banks. we have molly katchpole congratulations. >> you look so small and meek. you beat the big guys. >> me? >> when you walk into the bank,
does anybody call the guards and say, she's here. >> they might now. >> now they wouldn't let you in the front door. how did you do it? >> i am kind of a loudmouth. i'm argument, i like to make my point known. so i wrote a petition on there because it just seemed like the bank was so out of touch. you know, they occupy wall street had just started and i just feel like i was getting nickeled and dimed. i put the petition up, and it just gained--it just snowballed. >> look, here's the thing. everything you said is correct. the banks are out of touch. >> yes. >> but they're out out of touch all the time. >> me. >> they nickel-and-dime us. but they nickel-and-dime us all the time. you touched a nerve and it radiated out in a way that was remarkable to watch. what do you think it was that added some accelerant to it, and how did you imitate it and do it over? >> i think part of it had to do with the fact the narrative of
the country was changing. occupy wall street had started two weeks before that. people were already angry at the banks. i think what made it so poignant was that really simple. it was a simple act. don't charge $5 fee. but behind that was also just this larger message we can't take this any more. >> right. it was sort of a movie that probably 50 years before you even were watching tv, network when the guy goes to the window and said, i'm not going to take it any more. >> oh, yeah, yeah. >> you've seen it in clips. but it got to that moment, and the imbalance between the bailouts trillions of dollars and the unfairness of it. what made it go viral? what was the last piece that made it happen? >> interestingly social media
helped a lot, but getting mainstream media involved was really the kicker. you know, tons and tons, dozens of reporters picked up on it, online news, paper talking about lots of people about it. i think that pushed it over the edge. and then a lot of big banks announced they were not going to be doing fees like that. and then a couple of days later bank of america. >> they began to abdicate. >> yes. >> how did mass public activism that by passes tradition government voices. that's what i loved. >> one thing that is huge right now that i'm working on at "rebuild the dream" where i work we're working on student loan debt. a lot of student groups are working on it. we're working on it. you know, it's a giant issue. a huge problem.
students are saddled with so much debt. it's strangling creativity and entrepreneurship. in july interest rate will double. romney was on board with us the other day. he endorsed the 3.4%. barack obama has our president has. >> we were talking about this the other night on the show. obviously this is now the largest piece of debt out there. debt that students are carrying, students coming out on average $25,000 per person in debt. hard to find a job and if the interest rates go to 6.8% you're going to see a problem in the economy and individually. >> you can't buy houses. like i was saying it's stifling creativity and it's a shame because education should be an investment. there is no reason why we shouldn't be putting money and time and so much effort into making sure that people can have
access to hire education. >> you would rather be spending money on education? what will build a better nation. can that kind of mass activism work on student loans? what is the step? how do you build this? tell us what your game plan is, 30 ends. >> call your senators and tell them we need to pass this and we need to be pouring money into education. that is the only way our country will get ahead pull us out of whatever slump we're in. that's what we need to do. rally, get people together. >> are you getting the same sort of mass media response? are you getting the signatures? -- >> yes. >> the viral activism that you need? >> yes, people are in it. parents are into it. cosigners, grandparents, students, everybody. >> we want you back. we'll make sure you get your 500,000 signatures. rebuild a dream