December 13, 2024 • 21 mins
After reducing the deficit, Newsom plans brings extra costs to California. Why Wells Fargo’s San Francisco downsizing is bad news for California banking. Trump wants mass deportations… he will need help form jails and sanctuary cities. Macy’s is in trouble but could be sitting on a gold mine.
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Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:00):
You're listening to Bill Handle on demand from KFI AM
six forty.
Speaker 2 (00:06):
KFI AM six forty Bill Handle here on a Friday,
December thirteenth. We're getting close to that day, Christmas December
twenty fifth. Hey, when does Honkah start? I don't even know, Amy,
do we know? And do we know the day Honikah starts?
Speaker 1 (00:23):
This year?
Speaker 2 (00:25):
I have absolutely no idea goes to show you my religiosity.
Speaker 1 (00:30):
Oh it's late this year, is it?
Speaker 2 (00:32):
Yeah? It starts on Christmas and goes through January second. Oh,
that is pretty late this year. Eight days, you know,
a long time, and everybody.
Speaker 1 (00:40):
Got an idea for you.
Speaker 3 (00:41):
Bill, You're gonna put up a Christmas tree because you're
gonna marry a boy. Yeah, why don't you get a
real Christmas tree? And then each day of the eight
days you light one of the branches on fire.
Speaker 1 (00:54):
See that's fabulous. See that is brilliant. Absolutely traditions. Oh no,
I like it. I like it.
Speaker 2 (01:01):
By the way, have you ever looked at a Jewish calendar?
You know what year it is in the Jewish calendars?
Speaker 1 (01:08):
The year six thousand something?
Speaker 2 (01:11):
Yeah, yeah, I mean it goes back a long way.
So when you look at the Jewish calendar. Let me
tell you, the five thousands weren't bad. Now, the three
thousands were a little tough.
Speaker 3 (01:22):
Yeah, wows as Christians were still working off the Gregorian Yes,
and so we're in two thousand and what thirty something or.
Speaker 1 (01:32):
Whatever it does? Yeah, eleven years, yeah, eleven years different?
All right, isn't it more than that? Though? What I
guess that is? What is it? Six fifty seven? Is
that is? Oh? Talking about religion? I just put something up.
Speaker 2 (01:51):
On my Instagram page at Bill Handles show. It's the
holiday season, so you want to take a look at that.
It's hey, you know, become more religious than my old age.
And this shows the continuation.
Speaker 3 (02:04):
You know what they call that cramming for a test
closer to death. It's a joke.
Speaker 1 (02:14):
I don't get it.
Speaker 3 (02:15):
People start reading the Bible as they get older.
Speaker 2 (02:17):
Oh yeah, yeah, yeah, yeah. There are no atheists in
fox holes. There are plenty of atheists in fox holes.
I just want to point that out. Okay, listen, we
got we don't have time to do this segment. Good
and what's going on here? You know, you put these
(02:38):
up and we run out of time, and it really
pisses me off.
Speaker 1 (02:42):
Yeah, I don't know. I want to figure out how
it's your fault. I'm certainly not going to take the
hit for this. No, you have plenty of time.
Speaker 2 (02:48):
No, I I have three minutes. Okay, all right, here
we go. After reducing death, do some plans to bring
across California. Now, the revenues in California of exceeded estimates
by a whole lot.
Speaker 1 (02:59):
The state is going to eat up a lot of
extra funds.
Speaker 2 (03:02):
There's a four hundred and twenty million dollars tax break
in there for Hollywood film studios. And how you do
that when we have such a huge deficit going on?
You don't you spend more money than what you have.
And that's exactly what Newsom is doing. He wants to
cut the deficit. He's cutting costs, and at the same
time he's spending more money.
Speaker 1 (03:18):
How the hell is that possible?
Speaker 2 (03:20):
And when you look at tax credits, let me tell
you how that works. Tax credits for movies, the state
eats it up. They don't charge taxes. They want to
have film companies stay here. And how are they gonna
have film companies stay here? They're not going to charge taxes.
They're going to actually supplement the cost of a movie.
So the state does that, but it costs us money.
Does it really work out? I don't know. You have
(03:40):
to do the math. How does the math work? Well,
I don't know, because what does does the state make money? Well,
it's more jobs? Well, what does that mean? More jobs?
Speaker 1 (03:48):
Is that catering jobs? Fair enough?
Speaker 2 (03:50):
You got people that work below the line? I understand
that below the line and movies are everything of the
stars are not. So you're talking about the caterers, talking
about the filmmakers, talking about the cameraman, you're talking about
the sound people.
Speaker 1 (04:03):
Now, how about this? How far does that go? Is
it the stores near the.
Speaker 2 (04:07):
Studios that are spending more or that people are getting
to spend more money on?
Speaker 1 (04:10):
Uh? Does that mean that job is attributable to the
movie industry? How does that work? Okay?
Speaker 2 (04:18):
I just did the topic. Wow, I did that, and
we still have time. Son of a gun.
Speaker 1 (04:25):
That we could shorten your show by two hours.
Speaker 3 (04:28):
We could all have been gone by now.
Speaker 2 (04:30):
I just did my impression of what I used to
sound like when I was on meth.
Speaker 1 (04:37):
This is before the days of lamitto.
Speaker 3 (04:39):
That was me, By the way, you taking the bar
exam right there?
Speaker 2 (04:44):
Oh you know, I did you know that you're aware
that I took the bar exam stoned out of my
mind on cocaine, completely ripped out of my mind.
Speaker 1 (04:53):
Every second I was high on coke when I took
the bar.
Speaker 3 (04:58):
Yeah, you know, you just showed a how the trick
of tarp radio is to draw out a topic, to
hit the post of the beginning in the end.
Speaker 1 (05:07):
Okay, we're done, guys. Now a little bit of history.
First of all, let me tell you what's going on
with Wells Fargo.
Speaker 2 (05:13):
It's selling that building on Market Street that's iconic, and
it's moving.
Speaker 1 (05:19):
It's actually moving down.
Speaker 2 (05:21):
The street and it's you know, at least digs and
then it announces, by the way, we're also going to
move out of California. Now there are companies that are
bailing out of California, and then there are companies that
are bailing out of California. Wells Fargo and Bank of
America are two iconic California institutions that have been around
(05:46):
for one hundred and fifty well no a Bank of
America eighteen nineties. Wells Fargo eighteen fifty two, created in California,
and the history of Wells far is just fascinating.
Speaker 1 (06:02):
One of them.
Speaker 2 (06:03):
Well, part of the history is it started with Wells
and Fargo, and they came after the Gold Rush and were.
Speaker 1 (06:10):
There to move gold, move payrolls, that sort of thing
from camps to camps, etc.
Speaker 2 (06:18):
And then when that dried up, what they did is
just became basically a ups delivering goods, delivering services, and
that was petering out, and they did this all with
stage coaches, and stage coaches became obsolete. And what happened
(06:38):
was the banking arm of Wells Fargo, which was a
small part of it. They would also loan money kind
of on the side as a corporation that grew and
grew as immigrants came into California.
Speaker 1 (06:52):
And during the twentieth century it now.
Speaker 2 (06:54):
Started buying banks, including First Interstate Bancorp California, and it
became i think the fourth largest bank in the United States.
And so the thought of Wells Fargo, this institution starting
in San Francisco in the Gold Rush era now leaving
(07:16):
to a lot of people's heartbreaking, it's far more than
just an institution leaving a financial institution. Bank of America.
You talk about its history. San Francisco started.
Speaker 1 (07:29):
By Amadio Giannini.
Speaker 2 (07:32):
Here was an Italian guy, Italian immigrant who came in
and had this small bank and he was in San
Francisco and the earthquake hit in nineteen oh six and
San Francisco was decimated. What what he did, and this
is the kind of guy he was, is the plate.
There were all the banks, all the buildings were gone.
Speaker 1 (07:51):
He set up a table.
Speaker 2 (07:54):
On it was a tabletop in the middle of the
financial district and started loaning money to people rebuild on
a handshake. It was he knew people, he felt he
had a gut sense of who was going to pay
back and who wasn't. And he loaned money on handshakes.
Can you imagine a bank doing that well. That engendered
(08:17):
so much goodwill and so much loyalty that people swore
by b of A convinced all their friends in the
bank grew and grew and grew.
Speaker 1 (08:28):
Another really interesting.
Speaker 2 (08:29):
Story about b of A is Giannini and his progeny
took wild chances and they were one of the first
banks in the movie industry, and they loan money to
a guy in the thirties who wanted to do a
full length cartoon called Walt Disney. And that's where Walt
(08:51):
Disney got his money to create Snow White.
Speaker 1 (08:54):
It was from Bank of.
Speaker 2 (08:55):
America with by the way, the riskiest thing you can
think of. No one had I had ever done a
full length cartoon, and here it.
Speaker 1 (09:03):
Is b of A giving the money.
Speaker 2 (09:06):
As a matter of fact, another fun part of it
was if you look at certain parts of the movie,
there's a little shimmering that goes on because the technology
in terms of photographing the cells were such that there
was a little shimmering. And Walt Disney was really unhappy
because he was such a perfectionist, and he went back
(09:27):
to be of A and said, I need another three
hundred thousand or another one hundred and fifty thousand dollars,
and they told him to go pound sand. So if
you look very carefully, you'll actually see the defect in
the movie among movie buffs. But that's the history of
these banks. And they're pure California and they're leaving. They're leaving,
(09:48):
and it's kind of a heartbreaker.
Speaker 1 (09:50):
It is, all right. The rest of it.
Speaker 2 (09:53):
We know so many businesses are bailing out of California.
You know, there are a couple that are moving back
into California. I don't get that there are more people
coming into California than our Levy California right now.
Speaker 1 (10:05):
I guess because the housing prices are so low.
Speaker 2 (10:10):
And people love to park on the four h five
at five point thirty in the afternoon. Now they don't
live there, but they like it as a parking lot.
Speaker 1 (10:20):
All right, So much for that, and't that fun history?
Neil always just.
Speaker 3 (10:25):
Nods and uh no, I love that stuff. This is
when I think you're at your best, quite honestly. Yeah, yeah,
you just got a compliment from me.
Speaker 1 (10:34):
I did. I was just looking at that and saying,
I just love those.
Speaker 2 (10:37):
You know.
Speaker 1 (10:37):
That's when the Gerbil starts running. Now.
Speaker 2 (10:42):
I want to talk a little bit about presidential promises,
and specifically one about Donald Trump. But I also want
to be fair because every president who campaigns, everyone promises
the moon.
Speaker 1 (10:56):
This is what I'm going to do. I've sneeze a
hole on a minute. I hate that. There you go,
I turned off the mic, right, I do. That timing
was perfect? Okay, back we go.
Speaker 2 (11:09):
Presidential promises every time a president runs, or actually any
politician runs.
Speaker 1 (11:15):
Here's what I'm going to do.
Speaker 2 (11:18):
And it turns out it's much like do you remember
in grade school when kids would run for president of
the fourth grade, the fifth grade, and here was the platform,
free pizzas on Friday. You elect me, It's free pizzas Friday,
plus hour and a half recesses hours.
Speaker 1 (11:41):
Of school be lowered. Now, therefore I want to be
president of the class. Well, we take.
Speaker 2 (11:46):
That premise and we move it to presidential presidential promises
guarantees during the campaign, and you know what, it sounds like,
free pizzas for everybody in the country and you don't
have to worry card anymore because we're going to take
care of you.
Speaker 1 (12:03):
And people go, yeah, yeah, yeah, yeah, yeah, all right.
One of the just this just came out.
Speaker 2 (12:07):
By the way, Trump has admitted remember when he came
out during the campaign, and it was this is.
Speaker 1 (12:12):
A big issue.
Speaker 2 (12:13):
I'm going to bring down grocery prices. I'm going to
bring them down. It's that simple. Well interview with Time
magazine that he did when he became a Times Person
of the Year, he admitted saying, Okay, I'm probably not
and admitted that he's going to help and you how
(12:36):
do you help? You subsidize the food manufacturers. No, the
only thing you can do is bring down inflation. By
the way, inflation is down. You know for the last year.
Inflation has not gone up at all last year and
a half maybe, so the promise to bring down food prices.
Speaker 1 (12:54):
Was just ridiculous.
Speaker 2 (12:56):
It was almost impossible putting ten pounds at a five
pounds back. Okay, so that's one that's going to go away.
Here's the other one. And this was probably, I would think,
the single most important issue. For some reason, people felt
so viscerally connected to this. And by the way, this
is really it doesn't connect us. This is sort of
(13:19):
a state of mind kind of thing. Food prices absolutely
affect all of us. We all eat food, and we
all go to the grocery store, and when eggs double
in price, we feel eggs doubling in price.
Speaker 1 (13:33):
We know that the issue I'm talking about is.
Speaker 2 (13:37):
Illegal immigration, deporting every single illegal immigrant in this country
because illegal immigrants are taking our jobs. And I want
to ask you a question, how many of you do
you really think your job was lost because an illegal
(13:57):
immigrant took your job when you were fired, or you
were laid off, or the company downsized, whatever reason. No,
it's because an illegal alien took your job. Now I
don't have a big circle of friends, but I particularly
(14:19):
don't know any former strawberry pickers who have called me
and said an illegal immigrant took my job. Well, granted,
illegal immigrants do work in the strawberry fields, but were
you working there? Do you know anybody who's working there?
Speaker 1 (14:33):
I don't. The point is that is a myth.
Speaker 2 (14:37):
Illegal immigrants do not take your jobs because very few
people are willing to work out in the fields and
pick grapes, or pick strawberries, or work in meat processing
plants for minimum wage.
Speaker 1 (14:51):
The reality is that this really didn't exist. This was
a state of mind. So now we get to the
next part.
Speaker 2 (15:00):
Okay, we are this is the Trump administration going to
deport eleven million people day one. Well that's not true,
and so you can a little bit of reality here, Hits.
We're going to start with criminals that are in prison,
and I'm going to come back and explain to you
(15:20):
how this works. Because part of deporting illegal aliens.
Speaker 1 (15:26):
Is fairly easy, it's not too hard.
Speaker 2 (15:29):
The other part becomes so ludicrous that it's even more
insane than free pizzas on Friday for everybody in the
country Now. Traditionally it is till to this day, it's
fairly easy to deport someone who is.
Speaker 1 (15:48):
In jail or prison.
Speaker 2 (15:50):
Federal authorities just come in, they're told by local authorities
we have someone.
Speaker 1 (15:55):
Who is illegal or we think is illegal.
Speaker 2 (15:57):
And ICE comes out as soon as that person is released,
picks them up, Boom done if the person is illegal.
So that's the easy part. Unfortunately, there's something called sanctuary cities.
Unfortunately for folks that believe in deportation of illegal aliens
criminal illegal aliens. Why because sanctuary cities, of which LA
is one, simply says, we are not cooperating with federal authorities.
(16:22):
We don't want to talk to you. We're not going
to tell you who's in jail. We're not going to we.
Speaker 1 (16:27):
Don't ask it. If anybody's illegal or not, that's not
our business. We don't care. You're not going to have.
Speaker 2 (16:32):
Access to any of our records. And when we release someone,
you're not going to know about it. Well, that becomes
more difficult, doesn't it, Because now they're out there in
the general population and they're gonna be hunted down by Ice.
How does ice hunt down eleven million people?
Speaker 1 (16:48):
How many raids. Can they do?
Speaker 2 (16:52):
How much do they do in terms of resources that
it has to be used to hunt and grab these people.
You've got to factory that it is alleged as a
bunch of ill legal aliens in there. How do you
find out or just go because someone says it?
Speaker 1 (17:08):
It becomes almost impossible.
Speaker 2 (17:11):
Now, the problem with sanctuary cities, and they're right legally,
the sanctuary cities don't have to tell the feds anything.
There's no federal jurisdiction over county jails or city jails.
Speaker 1 (17:23):
There just isn't you know.
Speaker 2 (17:26):
Ice comes in and goes, we want the information, and
the county or he goes, go pound sand we're not
going to help you. So now Trump is threatening if
you don't help us getting rid of these criminals or
alleged criminals, by the way, serious crime. I want to
give the sanctuary cities credit here because they said they
will cooberate with Ice. If you're talking about a serious
(17:48):
crime that's been alleged by someone who is in prison
and thinks there's an illegal alienship issue there, federal government
doesn't have jurisdiction. So what is the federal government do?
They can't force la county to tell them about who's
illegal or legal and when they're going to be released.
Speaker 1 (18:08):
There's just not your business. When we're going to release
a prisoner, that's.
Speaker 2 (18:11):
On you just you know, camp outside there. So what
can the federal government do? Now we're talking about not
Joe Biden, who is completely opposite. And I think one
of the reasons Joe Biden got hit is because he
was too lenient with illegal aliens and allowed sanctuary cities philosophically,
(18:32):
and that is, the Feds have tremendous power and say, fine,
you're not going to get any money. You don't cooperate
with us, you're not going to get money. Ask LAPD
how much they get in federal grants for various programs.
How much you think the city gets in federal money?
How much you think the state gets in federal money?
For example, the firefighting that goes on right, the majority
(18:54):
of the money that is spent on firefighting in California
is given by the Fed.
Speaker 1 (19:01):
And guess who controls that the administration.
Speaker 2 (19:06):
And the administration is saying the state California, which in
California is considered a sanctuary state. Certainly City of La say, okay,
that's fine, you're right. Um, you know you're not going
to cooperate with us. You're not gonna see a dying
from us. You're on your own. And by the way,
places like Texas that do cooperate with the Feds, FEDS
get more money than they have before because we're gonna take.
Speaker 1 (19:29):
Your money away and give it to them. Now, what
do you do?
Speaker 2 (19:33):
So the issue of sanctuary cities is a big one,
but at least sanctuary versus no sanctuary, that is an
easy way to get illegal aliens, to find them and
then deport them.
Speaker 1 (19:44):
The rest of them, people that are out in the community,
How the hell do you do that? Do you know
the number of agents it would take?
Speaker 2 (19:52):
Do you know the number of the amount of resources
it would take to get all these people? Do you
know that they in many cases charter airplanes take people
to Guatemala or Nicaragua.
Speaker 1 (20:05):
Charter airplanes. What do you think that costs the federal government?
Speaker 2 (20:09):
Try chartering a seven thirty seven or a seven fifty
seven and fly it for six hours someplace and see
how cheap that is.
Speaker 1 (20:18):
Over millions of people.
Speaker 2 (20:22):
So you've got a practical issue, you've got a philosophical issue.
You have a issue of just a philosophy, of a
political aspect of this.
Speaker 1 (20:39):
Are we going to see eleven million people deported? Of
course not. Are we going to see millions? We are not.
Are we going to see hundreds of thousands?
Speaker 2 (20:47):
I don't know now the ones in prison that the
local authorities say, here you go violent criminals, and that's
where Trump says, We're going to start violent criminals in prison,
which is fine, you know, I don't agree with that.
Then the issue becomes how far do you go? And
we'll see how far he's willing to go. Is it
going to be along the same lines of I'm going
(21:08):
to bring down grocery prices and then it turns out
there's no way he can. Is it going to be
free pizzas on Friday for everybody in America?
Speaker 1 (21:16):
Aren't enough pizza ovens out there?
Speaker 2 (21:19):
Is it going to be We're going to deport every
illegal alien in America? Okay, pizza ovens, let's buy those first,
All right? KFI Am sixty. You've been listening to The
Bill Handle Show. Catch My Show Monday through Friday, six
am to nine am, and anytime on demand on the
iHeartRadio app
You're listening to Bill Handle on demand from KFI AM
six forty.
Speaker 2 (00:06):
KFI AM six forty Bill Handle here on a Friday,
December thirteenth. We're getting close to that day, Christmas December
twenty fifth. Hey, when does Honkah start? I don't even know, Amy,
do we know? And do we know the day Honikah starts?
Speaker 1 (00:23):
This year?
Speaker 2 (00:25):
I have absolutely no idea goes to show you my religiosity.
Speaker 1 (00:30):
Oh it's late this year, is it?
Speaker 2 (00:32):
Yeah? It starts on Christmas and goes through January second. Oh,
that is pretty late this year. Eight days, you know,
a long time, and everybody.
Speaker 1 (00:40):
Got an idea for you.
Speaker 3 (00:41):
Bill, You're gonna put up a Christmas tree because you're
gonna marry a boy. Yeah, why don't you get a
real Christmas tree? And then each day of the eight
days you light one of the branches on fire.
Speaker 1 (00:54):
See that's fabulous. See that is brilliant. Absolutely traditions. Oh no,
I like it. I like it.
Speaker 2 (01:01):
By the way, have you ever looked at a Jewish calendar?
You know what year it is in the Jewish calendars?
Speaker 1 (01:08):
The year six thousand something?
Speaker 2 (01:11):
Yeah, yeah, I mean it goes back a long way.
So when you look at the Jewish calendar. Let me
tell you, the five thousands weren't bad. Now, the three
thousands were a little tough.
Speaker 3 (01:22):
Yeah, wows as Christians were still working off the Gregorian Yes,
and so we're in two thousand and what thirty something or.
Speaker 1 (01:32):
Whatever it does? Yeah, eleven years, yeah, eleven years different?
All right, isn't it more than that? Though? What I
guess that is? What is it? Six fifty seven? Is
that is? Oh? Talking about religion? I just put something up.
Speaker 2 (01:51):
On my Instagram page at Bill Handles show. It's the
holiday season, so you want to take a look at that.
It's hey, you know, become more religious than my old age.
And this shows the continuation.
Speaker 3 (02:04):
You know what they call that cramming for a test
closer to death. It's a joke.
Speaker 1 (02:14):
I don't get it.
Speaker 3 (02:15):
People start reading the Bible as they get older.
Speaker 2 (02:17):
Oh yeah, yeah, yeah, yeah. There are no atheists in
fox holes. There are plenty of atheists in fox holes.
I just want to point that out. Okay, listen, we
got we don't have time to do this segment. Good
and what's going on here? You know, you put these
(02:38):
up and we run out of time, and it really
pisses me off.
Speaker 1 (02:42):
Yeah, I don't know. I want to figure out how
it's your fault. I'm certainly not going to take the
hit for this. No, you have plenty of time.
Speaker 2 (02:48):
No, I I have three minutes. Okay, all right, here
we go. After reducing death, do some plans to bring
across California. Now, the revenues in California of exceeded estimates
by a whole lot.
Speaker 1 (02:59):
The state is going to eat up a lot of
extra funds.
Speaker 2 (03:02):
There's a four hundred and twenty million dollars tax break
in there for Hollywood film studios. And how you do
that when we have such a huge deficit going on?
You don't you spend more money than what you have.
And that's exactly what Newsom is doing. He wants to
cut the deficit. He's cutting costs, and at the same
time he's spending more money.
Speaker 1 (03:18):
How the hell is that possible?
Speaker 2 (03:20):
And when you look at tax credits, let me tell
you how that works. Tax credits for movies, the state
eats it up. They don't charge taxes. They want to
have film companies stay here. And how are they gonna
have film companies stay here? They're not going to charge taxes.
They're going to actually supplement the cost of a movie.
So the state does that, but it costs us money.
Does it really work out? I don't know. You have
(03:40):
to do the math. How does the math work? Well,
I don't know, because what does does the state make money? Well,
it's more jobs? Well, what does that mean? More jobs?
Speaker 1 (03:48):
Is that catering jobs? Fair enough?
Speaker 2 (03:50):
You got people that work below the line? I understand
that below the line and movies are everything of the
stars are not. So you're talking about the caterers, talking
about the filmmakers, talking about the cameraman, you're talking about
the sound people.
Speaker 1 (04:03):
Now, how about this? How far does that go? Is
it the stores near the.
Speaker 2 (04:07):
Studios that are spending more or that people are getting
to spend more money on?
Speaker 1 (04:10):
Uh? Does that mean that job is attributable to the
movie industry? How does that work? Okay?
Speaker 2 (04:18):
I just did the topic. Wow, I did that, and
we still have time. Son of a gun.
Speaker 1 (04:25):
That we could shorten your show by two hours.
Speaker 3 (04:28):
We could all have been gone by now.
Speaker 2 (04:30):
I just did my impression of what I used to
sound like when I was on meth.
Speaker 1 (04:37):
This is before the days of lamitto.
Speaker 3 (04:39):
That was me, By the way, you taking the bar
exam right there?
Speaker 2 (04:44):
Oh you know, I did you know that you're aware
that I took the bar exam stoned out of my
mind on cocaine, completely ripped out of my mind.
Speaker 1 (04:53):
Every second I was high on coke when I took
the bar.
Speaker 3 (04:58):
Yeah, you know, you just showed a how the trick
of tarp radio is to draw out a topic, to
hit the post of the beginning in the end.
Speaker 1 (05:07):
Okay, we're done, guys. Now a little bit of history.
First of all, let me tell you what's going on
with Wells Fargo.
Speaker 2 (05:13):
It's selling that building on Market Street that's iconic, and
it's moving.
Speaker 1 (05:19):
It's actually moving down.
Speaker 2 (05:21):
The street and it's you know, at least digs and
then it announces, by the way, we're also going to
move out of California. Now there are companies that are
bailing out of California, and then there are companies that
are bailing out of California. Wells Fargo and Bank of
America are two iconic California institutions that have been around
(05:46):
for one hundred and fifty well no a Bank of
America eighteen nineties. Wells Fargo eighteen fifty two, created in California,
and the history of Wells far is just fascinating.
Speaker 1 (06:02):
One of them.
Speaker 2 (06:03):
Well, part of the history is it started with Wells
and Fargo, and they came after the Gold Rush and were.
Speaker 1 (06:10):
There to move gold, move payrolls, that sort of thing
from camps to camps, etc.
Speaker 2 (06:18):
And then when that dried up, what they did is
just became basically a ups delivering goods, delivering services, and
that was petering out, and they did this all with
stage coaches, and stage coaches became obsolete. And what happened
(06:38):
was the banking arm of Wells Fargo, which was a
small part of it. They would also loan money kind
of on the side as a corporation that grew and
grew as immigrants came into California.
Speaker 1 (06:52):
And during the twentieth century it now.
Speaker 2 (06:54):
Started buying banks, including First Interstate Bancorp California, and it
became i think the fourth largest bank in the United States.
And so the thought of Wells Fargo, this institution starting
in San Francisco in the Gold Rush era now leaving
(07:16):
to a lot of people's heartbreaking, it's far more than
just an institution leaving a financial institution. Bank of America.
You talk about its history. San Francisco started.
Speaker 1 (07:29):
By Amadio Giannini.
Speaker 2 (07:32):
Here was an Italian guy, Italian immigrant who came in
and had this small bank and he was in San
Francisco and the earthquake hit in nineteen oh six and
San Francisco was decimated. What what he did, and this
is the kind of guy he was, is the plate.
There were all the banks, all the buildings were gone.
Speaker 1 (07:51):
He set up a table.
Speaker 2 (07:54):
On it was a tabletop in the middle of the
financial district and started loaning money to people rebuild on
a handshake. It was he knew people, he felt he
had a gut sense of who was going to pay
back and who wasn't. And he loaned money on handshakes.
Can you imagine a bank doing that well. That engendered
(08:17):
so much goodwill and so much loyalty that people swore
by b of A convinced all their friends in the
bank grew and grew and grew.
Speaker 1 (08:28):
Another really interesting.
Speaker 2 (08:29):
Story about b of A is Giannini and his progeny
took wild chances and they were one of the first
banks in the movie industry, and they loan money to
a guy in the thirties who wanted to do a
full length cartoon called Walt Disney. And that's where Walt
(08:51):
Disney got his money to create Snow White.
Speaker 1 (08:54):
It was from Bank of.
Speaker 2 (08:55):
America with by the way, the riskiest thing you can
think of. No one had I had ever done a
full length cartoon, and here it.
Speaker 1 (09:03):
Is b of A giving the money.
Speaker 2 (09:06):
As a matter of fact, another fun part of it
was if you look at certain parts of the movie,
there's a little shimmering that goes on because the technology
in terms of photographing the cells were such that there
was a little shimmering. And Walt Disney was really unhappy
because he was such a perfectionist, and he went back
(09:27):
to be of A and said, I need another three
hundred thousand or another one hundred and fifty thousand dollars,
and they told him to go pound sand. So if
you look very carefully, you'll actually see the defect in
the movie among movie buffs. But that's the history of
these banks. And they're pure California and they're leaving. They're leaving,
(09:48):
and it's kind of a heartbreaker.
Speaker 1 (09:50):
It is, all right. The rest of it.
Speaker 2 (09:53):
We know so many businesses are bailing out of California.
You know, there are a couple that are moving back
into California. I don't get that there are more people
coming into California than our Levy California right now.
Speaker 1 (10:05):
I guess because the housing prices are so low.
Speaker 2 (10:10):
And people love to park on the four h five
at five point thirty in the afternoon. Now they don't
live there, but they like it as a parking lot.
Speaker 1 (10:20):
All right, So much for that, and't that fun history?
Neil always just.
Speaker 3 (10:25):
Nods and uh no, I love that stuff. This is
when I think you're at your best, quite honestly. Yeah, yeah,
you just got a compliment from me.
Speaker 1 (10:34):
I did. I was just looking at that and saying,
I just love those.
Speaker 2 (10:37):
You know.
Speaker 1 (10:37):
That's when the Gerbil starts running. Now.
Speaker 2 (10:42):
I want to talk a little bit about presidential promises,
and specifically one about Donald Trump. But I also want
to be fair because every president who campaigns, everyone promises
the moon.
Speaker 1 (10:56):
This is what I'm going to do. I've sneeze a
hole on a minute. I hate that. There you go,
I turned off the mic, right, I do. That timing
was perfect? Okay, back we go.
Speaker 2 (11:09):
Presidential promises every time a president runs, or actually any
politician runs.
Speaker 1 (11:15):
Here's what I'm going to do.
Speaker 2 (11:18):
And it turns out it's much like do you remember
in grade school when kids would run for president of
the fourth grade, the fifth grade, and here was the platform,
free pizzas on Friday. You elect me, It's free pizzas Friday,
plus hour and a half recesses hours.
Speaker 1 (11:41):
Of school be lowered. Now, therefore I want to be
president of the class. Well, we take.
Speaker 2 (11:46):
That premise and we move it to presidential presidential promises
guarantees during the campaign, and you know what, it sounds like,
free pizzas for everybody in the country and you don't
have to worry card anymore because we're going to take
care of you.
Speaker 1 (12:03):
And people go, yeah, yeah, yeah, yeah, yeah, all right.
One of the just this just came out.
Speaker 2 (12:07):
By the way, Trump has admitted remember when he came
out during the campaign, and it was this is.
Speaker 1 (12:12):
A big issue.
Speaker 2 (12:13):
I'm going to bring down grocery prices. I'm going to
bring them down. It's that simple. Well interview with Time
magazine that he did when he became a Times Person
of the Year, he admitted saying, Okay, I'm probably not
and admitted that he's going to help and you how
(12:36):
do you help? You subsidize the food manufacturers. No, the
only thing you can do is bring down inflation. By
the way, inflation is down. You know for the last year.
Inflation has not gone up at all last year and
a half maybe, so the promise to bring down food prices.
Speaker 1 (12:54):
Was just ridiculous.
Speaker 2 (12:56):
It was almost impossible putting ten pounds at a five
pounds back. Okay, so that's one that's going to go away.
Here's the other one. And this was probably, I would think,
the single most important issue. For some reason, people felt
so viscerally connected to this. And by the way, this
is really it doesn't connect us. This is sort of
(13:19):
a state of mind kind of thing. Food prices absolutely
affect all of us. We all eat food, and we
all go to the grocery store, and when eggs double
in price, we feel eggs doubling in price.
Speaker 1 (13:33):
We know that the issue I'm talking about is.
Speaker 2 (13:37):
Illegal immigration, deporting every single illegal immigrant in this country
because illegal immigrants are taking our jobs. And I want
to ask you a question, how many of you do
you really think your job was lost because an illegal
(13:57):
immigrant took your job when you were fired, or you
were laid off, or the company downsized, whatever reason. No,
it's because an illegal alien took your job. Now I
don't have a big circle of friends, but I particularly
(14:19):
don't know any former strawberry pickers who have called me
and said an illegal immigrant took my job. Well, granted,
illegal immigrants do work in the strawberry fields, but were
you working there? Do you know anybody who's working there?
Speaker 1 (14:33):
I don't. The point is that is a myth.
Speaker 2 (14:37):
Illegal immigrants do not take your jobs because very few
people are willing to work out in the fields and
pick grapes, or pick strawberries, or work in meat processing
plants for minimum wage.
Speaker 1 (14:51):
The reality is that this really didn't exist. This was
a state of mind. So now we get to the
next part.
Speaker 2 (15:00):
Okay, we are this is the Trump administration going to
deport eleven million people day one. Well that's not true,
and so you can a little bit of reality here, Hits.
We're going to start with criminals that are in prison,
and I'm going to come back and explain to you
(15:20):
how this works. Because part of deporting illegal aliens.
Speaker 1 (15:26):
Is fairly easy, it's not too hard.
Speaker 2 (15:29):
The other part becomes so ludicrous that it's even more
insane than free pizzas on Friday for everybody in the
country Now. Traditionally it is till to this day, it's
fairly easy to deport someone who is.
Speaker 1 (15:48):
In jail or prison.
Speaker 2 (15:50):
Federal authorities just come in, they're told by local authorities
we have someone.
Speaker 1 (15:55):
Who is illegal or we think is illegal.
Speaker 2 (15:57):
And ICE comes out as soon as that person is released,
picks them up, Boom done if the person is illegal.
So that's the easy part. Unfortunately, there's something called sanctuary cities.
Unfortunately for folks that believe in deportation of illegal aliens
criminal illegal aliens. Why because sanctuary cities, of which LA
is one, simply says, we are not cooperating with federal authorities.
(16:22):
We don't want to talk to you. We're not going
to tell you who's in jail. We're not going to we.
Speaker 1 (16:27):
Don't ask it. If anybody's illegal or not, that's not
our business. We don't care. You're not going to have.
Speaker 2 (16:32):
Access to any of our records. And when we release someone,
you're not going to know about it. Well, that becomes
more difficult, doesn't it, Because now they're out there in
the general population and they're gonna be hunted down by Ice.
How does ice hunt down eleven million people?
Speaker 1 (16:48):
How many raids. Can they do?
Speaker 2 (16:52):
How much do they do in terms of resources that
it has to be used to hunt and grab these people.
You've got to factory that it is alleged as a
bunch of ill legal aliens in there. How do you
find out or just go because someone says it?
Speaker 1 (17:08):
It becomes almost impossible.
Speaker 2 (17:11):
Now, the problem with sanctuary cities, and they're right legally,
the sanctuary cities don't have to tell the feds anything.
There's no federal jurisdiction over county jails or city jails.
Speaker 1 (17:23):
There just isn't you know.
Speaker 2 (17:26):
Ice comes in and goes, we want the information, and
the county or he goes, go pound sand we're not
going to help you. So now Trump is threatening if
you don't help us getting rid of these criminals or
alleged criminals, by the way, serious crime. I want to
give the sanctuary cities credit here because they said they
will cooberate with Ice. If you're talking about a serious
(17:48):
crime that's been alleged by someone who is in prison
and thinks there's an illegal alienship issue there, federal government
doesn't have jurisdiction. So what is the federal government do?
They can't force la county to tell them about who's
illegal or legal and when they're going to be released.
Speaker 1 (18:08):
There's just not your business. When we're going to release
a prisoner, that's.
Speaker 2 (18:11):
On you just you know, camp outside there. So what
can the federal government do? Now we're talking about not
Joe Biden, who is completely opposite. And I think one
of the reasons Joe Biden got hit is because he
was too lenient with illegal aliens and allowed sanctuary cities philosophically,
(18:32):
and that is, the Feds have tremendous power and say, fine,
you're not going to get any money. You don't cooperate
with us, you're not going to get money. Ask LAPD
how much they get in federal grants for various programs.
How much you think the city gets in federal money?
How much you think the state gets in federal money?
For example, the firefighting that goes on right, the majority
(18:54):
of the money that is spent on firefighting in California
is given by the Fed.
Speaker 1 (19:01):
And guess who controls that the administration.
Speaker 2 (19:06):
And the administration is saying the state California, which in
California is considered a sanctuary state. Certainly City of La say, okay,
that's fine, you're right. Um, you know you're not going
to cooperate with us. You're not gonna see a dying
from us. You're on your own. And by the way,
places like Texas that do cooperate with the Feds, FEDS
get more money than they have before because we're gonna take.
Speaker 1 (19:29):
Your money away and give it to them. Now, what
do you do?
Speaker 2 (19:33):
So the issue of sanctuary cities is a big one,
but at least sanctuary versus no sanctuary, that is an
easy way to get illegal aliens, to find them and
then deport them.
Speaker 1 (19:44):
The rest of them, people that are out in the community,
How the hell do you do that? Do you know
the number of agents it would take?
Speaker 2 (19:52):
Do you know the number of the amount of resources
it would take to get all these people? Do you
know that they in many cases charter airplanes take people
to Guatemala or Nicaragua.
Speaker 1 (20:05):
Charter airplanes. What do you think that costs the federal government?
Speaker 2 (20:09):
Try chartering a seven thirty seven or a seven fifty
seven and fly it for six hours someplace and see
how cheap that is.
Speaker 1 (20:18):
Over millions of people.
Speaker 2 (20:22):
So you've got a practical issue, you've got a philosophical issue.
You have a issue of just a philosophy, of a
political aspect of this.
Speaker 1 (20:39):
Are we going to see eleven million people deported? Of
course not. Are we going to see millions? We are not.
Are we going to see hundreds of thousands?
Speaker 2 (20:47):
I don't know now the ones in prison that the
local authorities say, here you go violent criminals, and that's
where Trump says, We're going to start violent criminals in prison,
which is fine, you know, I don't agree with that.
Then the issue becomes how far do you go? And
we'll see how far he's willing to go. Is it
going to be along the same lines of I'm going
(21:08):
to bring down grocery prices and then it turns out
there's no way he can. Is it going to be
free pizzas on Friday for everybody in America?
Speaker 1 (21:16):
Aren't enough pizza ovens out there?
Speaker 2 (21:19):
Is it going to be We're going to deport every
illegal alien in America? Okay, pizza ovens, let's buy those first,
All right? KFI Am sixty. You've been listening to The
Bill Handle Show. Catch My Show Monday through Friday, six
am to nine am, and anytime on demand on the
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