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Political Gabfest

Slate: The Too Powerful and Too Big Gabfest

Political Gabfest

Slate Podcasts

Politics, Government, News

4.58.3K Ratings

🗓️ 23 April 2010

⏱️ 38 minutes

🧾️ Download transcript

Summary

Slate's Political Gabfest, featuring John Dickerson, David Plotz and Emily Bazelon. This week: Banking reform, the Supreme Court succession guessing is underway, and Politico takes over Washington Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Hello and welcome to this late political gap fest for the 23rd of April.

0:08.8

Friday, I'm John Dickerson.

0:10.7

In Washington with David Plotz and Emily Bazelon is in New Haven on a screen that looks like she's put Vaseline on her camera.

0:18.7

We're going to start today by talking about financial regulatory

0:21.4

reform, which is coming apart as we talk, a piece of legislation in the Senate. Then we're

0:27.2

going to talk about the President's Supreme Court nomination and how that's going. And then finally,

0:31.3

we're going to end by talking about a New York Times Sunday magazine piece about Mike Allen,

0:36.4

the political reporter for Politico, which has changed and affected the way we, the way news is covered in Washington.

0:44.8

So let's start with financial regulatory reform. We had a roller coaster ride this week. The president got engaged in a battle with the majority, excuse me, the minority leader,

0:55.4

the Republican leader, Mitch McConnell and called him cynical and deceptive for trying to block

0:59.5

the bill, which McConnell had said was just another bailout bill of Wall Street Banks.

1:04.0

The president then gave a speech on Thursday at Cooper Union near Wall Street, asking Wall Street

1:09.1

banks to stop lobbying against the bill.

1:12.7

And the bill is in the sort of contentious place we will remember from health care.

1:18.8

On Thursday afternoon, Harry Reid filed the motion to proceed, which means basically

1:23.0

letting the bill come up for debate. Mitch McConnell is filibustering or objecting to that. And so now we're

1:30.4

going to have to have a filibuster vote on Monday at 5 o'clock to see whether this bill even gets to the

1:36.6

floor or not. And so we're going to have a weekend of posturing about whether you're for bailouts

1:40.7

or Wall Street. David, what do you make of all this? Well, you also forgot

1:45.1

to mention, because you could only mention so many things in one long breath. The, I think one of

1:52.6

the most important factors that's changing the dynamic, which is this suit that the SEC filed

1:58.3

against Goldman Sachs, accusing Goldman, essentially of tricking a bunch of

...

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