Latest / The Bill Handel Show / Russian-Flagged Oil Tanker Seized
Transcript
- 0:00Speaker 1: You're listenings kf I AM six forty the bill handles
- 0:04Speaker 1: show on demand on the iHeartRadio F Well, it is
- 0:11Speaker 1: a Thursday morning, December the eighth, and before we get
- 0:15Speaker 1: to Joel real quickly some of the stories we're looking at,
- 0:18Speaker 1: of course, the shooting yesterday in Minneapolis, and they'll be
- 0:22Speaker 1: being talked about for the rest of the day. Also,
- 0:25Speaker 1: the United States boarded yet another tanker, confiscated another tanker
- 0:30Speaker 1: in the part of the shadow fleet coming out of
- 0:33Speaker 1: Venezuela that has the oil. I didn't know this, but
- 0:37Speaker 1: of those three, do you have any idea how many
- 0:40Speaker 1: shadow tankers are out there? These are tankers that obviously
- 0:45Speaker 1: they onload oil and millions of barrels a couple million
- 0:49Speaker 1: barrels at a time or a million barrels at a time,
- 0:52Speaker 1: and then they're sold to Russia and China, and Russia
- 0:59Speaker 1: then has its own How many do you think there are, Joel?
- 1:02Speaker 1: If you had to guess how many of these shadow tankers,
- 1:06Speaker 1: illegal tankers, sanctioned oil that hide everything they can, how many?
- 1:12Speaker 2: How many would you guess?
- 1:14Speaker 3: Thirty two?
- 1:16Speaker 1: One thousand? No, Yeah, according to the Wall Street Journal,
- 1:21Speaker 1: a thousand.
- 1:23Speaker 3: That's hard.
- 1:23Speaker 2: I know, stunning, stunning, isn't it? Okay? Joel large guard
- 1:27Speaker 2: how to.
- 1:27Speaker 1: Money every Sunday twelve to two pm right here on KFI.
- 1:32Speaker 2: How to Money Joel.
- 1:33Speaker 1: He that's his social address at how to Money Joel
- 1:36Speaker 1: and the website howdomoney dot com. All right, Joel, we
- 1:39Speaker 1: have a lot going on to talk about. One of
- 1:44Speaker 1: them is where President Trump and Gavin Newsom agree with
- 1:49Speaker 1: each other. It's the only thing I think they agree with,
- 1:52Speaker 1: and that's banning large investors from buying single family homes.
- 1:57Speaker 1: And yesterday I was talking to Lindsey and we were
- 1:59Speaker 1: talking talking about investors buying up properties land in the
- 2:03Speaker 1: Pacific Palisades and I'm going to be flipping it.
- 2:06Speaker 2: That really hurts affordability. So what's going on with that?
- 2:10Speaker 1: Yeah?
- 2:10Speaker 3: So, I mean this is one of those things that
- 2:13Speaker 3: in the aftermath of the Great Recession and the housing crash,
- 2:16Speaker 3: we started to see more Wall Street corporatized buying of
- 2:21Speaker 3: single family homes, not just oneing of like apartment complexes,
- 2:25Speaker 3: but buying up single family home stock, specifically in some
- 2:30Speaker 3: cities in particular, like you're talking about Atlanta, Philadelphia, Tampa
- 2:34Speaker 3: being like some of those markets and it's just I've
- 2:39Speaker 3: hobviously done incredibly well from a return perspective because you've
- 2:42Speaker 3: seen what's happened with housing over the past twelve to
- 2:45Speaker 3: fifteen years. But then you look at the ripple effects,
- 2:50Speaker 3: and some people say it's not that big of a deal.
- 2:52Speaker 3: Corporate ownership with single family homes is like four percent
- 2:55Speaker 3: of the overall housing stock, but in some markets in particular,
- 2:59Speaker 3: it has, especially in the starter home space, it's really
- 3:04Speaker 3: depleted that supply and it's part of what's made it
- 3:07Speaker 3: more expensive and much harder for young people to get
- 3:11Speaker 3: into a starter room to buy their first place.
- 3:13Speaker 1: Yeah, we're not talking about flipping properties that these companies
- 3:17Speaker 1: are engaged in. We're talking about buying these homes and
- 3:21Speaker 1: then renting them out.
- 3:22Speaker 2: Do I have that right?
- 3:24Speaker 3: That's right, And there's obviously problems with any landlord from
- 3:28Speaker 3: time to time. Right, Not every landlord is perfect, even
- 3:31Speaker 3: if you're with a mom and pop landlord. Sometimes they're awesome.
- 3:33Speaker 3: There's some really great mom and pop landlords out there
- 3:35Speaker 3: who treat their tenants well, and then there are others
- 3:37Speaker 3: who just don't do a good job, right, who don't
- 3:40Speaker 3: we're not very responsive, don't keep their properties up. When
- 3:43Speaker 3: you look though at some of the big corporate Wall
- 3:47Speaker 3: Street type landlords, there are a lot of complaints against
- 3:49Speaker 3: some of them. There's Invitation Homes in particular is one
- 3:51Speaker 3: of the biggest ones, and it has just had copious complaints.
- 3:55Speaker 3: And so when you look at like, what's the impact
- 3:58Speaker 3: of this going to be one, how's this going to
- 4:00Speaker 3: come about? Is this going to be some sort of
- 4:01Speaker 3: active congress, which is what it seems like it would
- 4:03Speaker 3: have to be because right now this is again like
- 4:06Speaker 3: sort of a dictate via social media. But if this
- 4:10Speaker 3: comes to pass and Wall Street landlords are forced to
- 4:13Speaker 3: liquidate some of that supply or to at least stop
- 4:15Speaker 3: sucking up more of it, it's at least a being
- 4:18Speaker 3: it's a dent into housing affordability. I think it is
- 4:22Speaker 3: a positive step at least from a consumer standpoint.
- 4:25Speaker 1: And we'll see the possibility of federal law because a
- 4:31Speaker 1: lot of these are companies that buy in various states,
- 4:34Speaker 1: not just a single state. And then local California law
- 4:39Speaker 1: that's I'm going to I guess pick up the rest.
- 4:41Speaker 1: So kind of interesting that both of them, by the way,
- 4:44Speaker 1: just real quickly aside story is I'm one of those
- 4:48Speaker 1: landlords that I was a great, great landlord, which is
- 4:52Speaker 1: why I got rid of the duplexes I had, and
- 4:56Speaker 1: the duplex I bought. I had two of them when
- 4:59Speaker 1: I lived in. One I rented was built in nineteen
- 5:03Speaker 1: twenty seven and tenants had destroyed it. Basically, I went
- 5:07Speaker 1: and bought it, and it went crazy to bring it
- 5:10Speaker 1: back to what it was, so it looked like it
- 5:14Speaker 1: was brand new. You're walking in the door in nineteen
- 5:17Speaker 1: twenty seven, And I spent a fortune and I treated
- 5:20Speaker 1: our tenants that way, and it was so expensive and
- 5:24Speaker 1: so obnoxious.
- 5:24Speaker 2: I just bailed. I couldn't take it anymore.
- 5:28Speaker 3: Yeah, the landmarding is not for the faint of part
- 5:30Speaker 3: and some people assume that landlords just all make money
- 5:32Speaker 3: handover fists, and the truth is, for most mom and
- 5:35Speaker 3: pop landlords, it is a part of a long term
- 5:37Speaker 3: well building strategy. It's not like they're getting rich overnight.
- 5:40Speaker 3: And it's a highly risky endeavor, and especially in the
- 5:44Speaker 3: market right now, like if you bought a house recently.
- 5:46Speaker 3: Talking about this all the time, with how the money listeners,
- 5:48Speaker 3: it's like it's really hard to make it as a
- 5:51Speaker 3: new landlord right now. Given kind of the macroeconomic state
- 5:54Speaker 3: of things.
- 5:55Speaker 2: Yeah, it's really difficult.
- 5:56Speaker 1: And I certainly wasn't making any money at it because
- 5:58Speaker 1: I kept it up and you know, I gave the
- 6:02Speaker 1: tenant here's a phone number of a plumber if anything happens,
- 6:05Speaker 1: here's no electrician.
- 6:06Speaker 2: And frankly they were taking way too much advantage of that.
- 6:10Speaker 1: Okay, so so much for the Trump allied with Gavin Newsom.
- 6:17Speaker 2: Go figure that one out.
- 6:19Speaker 1: So Joel LA and rent controls, let's talk about that.
- 6:24Speaker 3: Oh yeah, fun times. This is just one of those
- 6:28Speaker 3: things where I understand the impulse right to say rents
- 6:32Speaker 3: are really high, how are we going to protect renters
- 6:35Speaker 3: out there? And so often the political impulse is to
- 6:38Speaker 3: say we're going to cap rent increases, and so that's
- 6:43Speaker 3: there's been this update essentially to rent control and how
- 6:48Speaker 3: much many apartments in the LA area are allowed to
- 6:52Speaker 3: raise rents in a given year. And so now instead
- 6:56Speaker 3: of something like three to eight percent being decapping the
- 6:59Speaker 3: most that landlords can get every single year, now it's
- 7:03Speaker 3: down like between one and four percent, depends on kind
- 7:06Speaker 3: of what's happening with inflation. And this is one of
- 7:09Speaker 3: the things I mean, when you survey economists who of
- 7:12Speaker 3: all different stripes. Rent control is never a popular thing
- 7:16Speaker 3: with economists, and it's because of the long term impacts
- 7:20Speaker 3: typically that rent control has, Like it has these beautiful
- 7:23Speaker 3: short term gains for renters, but over time it disincentivizes
- 7:30Speaker 3: landlords from keeping up with their properties. It disincentivizes building.
- 7:35Speaker 3: And let's be honest, like, at the heart of the
- 7:37Speaker 3: problem around a lot of the country and specifically in
- 7:40Speaker 3: Los Angeles, at the heart of the problem is that
- 7:42Speaker 3: we just don't have enough units and we need to
- 7:44Speaker 3: be better at incentivizing building. That's going to help bring
- 7:47Speaker 3: costs down truly over time.
- 7:49Speaker 1: Yeah, with the lack of housing, and that seems to
- 7:53Speaker 1: be the biggest, biggest issue is there just ain't enough.
- 7:58Speaker 1: And when you don't have enough of anything, obviously it
- 8:01Speaker 1: gets more expensive. And so that becomes a problem of
- 8:06Speaker 1: its own making that if the government doesn't allow, doesn't push,
- 8:09Speaker 1: doesn't give money, doesn't give grants, doesn't give loans to
- 8:14Speaker 1: and then laws to help builders, of course, it's going
- 8:17Speaker 1: to get insanely expensive.
- 8:20Speaker 2: And so go ahead.
- 8:23Speaker 3: I'm just saying, you can look at the history of
- 8:24Speaker 3: what happens in places, in cities that enact stuff like this,
- 8:28Speaker 3: Like Saint Paul, Minnesota is one of those places that
- 8:30Speaker 3: had incredibly restrictive rank control laws and it just it
- 8:36Speaker 3: just disincentivized new construction. And you see what happens like
- 8:40Speaker 3: in a city next door where they don't have the
- 8:42Speaker 3: same rank control laws and there's just not the same
- 8:47Speaker 3: There is more new housing being built. And then those
- 8:51Speaker 3: cities often go back and they end up loosing some
- 8:53Speaker 3: of those rank control offs because they realized that the
- 8:56Speaker 3: short term benefit, the short term political benefit, doesn't worth
- 8:58Speaker 3: the long term costs.
- 9:00Speaker 2: Now you're looking at the other side.
- 9:02Speaker 1: You're right on a capitalism system, return of investment building, right,
- 9:07Speaker 1: that's a negative. And then you have renters that simply
- 9:12Speaker 1: can't afford to rent. They can't come here southern California.
- 9:15Speaker 1: They have to move someplace else, which, by the way,
- 9:17Speaker 1: is not the end of the world for a lot
- 9:18Speaker 1: of us who live here because there's too many people anyway.
- 9:21Speaker 2: But you know, it's a problem either way.
- 9:25Speaker 1: That is, it seems almost insurmountable, and it's a question
- 9:29Speaker 1: of just choosing either a bad situation or a worse situation.
- 9:35Speaker 1: There doesn't seem to be a win on this one.
- 9:39Speaker 3: Yeah, I mean, I think there's a lot of trick
- 9:41Speaker 3: to that. There was like literally an article this week
- 9:43Speaker 3: in the Watter Journal about how people are choosing to
- 9:45Speaker 3: move to the Midwest because they can actually port a
- 9:48Speaker 3: home there, and so, yeah, I would love to see
- 9:52Speaker 3: in some of the most desirable places to live, Los
- 9:54Speaker 3: Angeles being one of those, New York City being another.
- 9:57Speaker 3: Wouldn't it just be nice to see housing policy keep
- 10:01Speaker 3: up with people's desires to live in a place, so that,
- 10:05Speaker 3: of course, in a place like Los Angeles, it makes
- 10:07Speaker 3: sense the rents are going to be higher than they
- 10:10Speaker 3: are in random place in Iowa, right, I mean, it
- 10:14Speaker 3: just makes sense. There's an attractive it's an attractive place
- 10:16Speaker 3: to live, there's access to high paying jobs, really really
- 10:20Speaker 3: great jobs, it's a great quality of life. So in
- 10:22Speaker 3: some ways it just makes sense it's going to cost
- 10:24Speaker 3: more to live there. But there's also I think a
- 10:26Speaker 3: lot that can be done, especially on the supply side,
- 10:29Speaker 3: on the loosening allowing making it easier right to build
- 10:32Speaker 3: some of those new units, just creating more places for
- 10:35Speaker 3: people to live and not making it just this incredibly
- 10:38Speaker 3: painful process that could at least reduce some of the
- 10:43Speaker 3: rent friction and pricing out that a lot of people feel.
- 10:47Speaker 1: Yeah, many many of us live on the four or
- 10:49Speaker 1: five freeway twenty four hours a day just to get
- 10:53Speaker 1: on the freeway. All right, one last one, and this
- 10:56Speaker 1: is wage guard garnishment. This is the government coming down,
- 11:00Speaker 1: the Trump administration coming down and saying, hey, guys, you
- 11:04Speaker 1: borrowed the money.
- 11:05Speaker 2: We want it back, and if you.
- 11:08Speaker 1: Can't pay it back, we're going to garnish your wages
- 11:10Speaker 1: like any other vendor would do.
- 11:13Speaker 2: So let's talk about that.
- 11:14Speaker 3: Your take on that, Yeah, I mean it's in some
- 11:18Speaker 3: way I understand that the student loan borrow or how
- 11:20Speaker 3: shocking it is, right, especially after the super soft kind
- 11:24Speaker 3: of approach that the Biden administration had to student loans
- 11:27Speaker 3: and to borrowers. It was basically like, hey, we're going
- 11:30Speaker 3: to try to forgive these things. We're going to pause
- 11:31Speaker 3: loan payments for three plus years. And so everybody was like, yeah,
- 11:35Speaker 3: out of side, out of mind. I feel like I
- 11:36Speaker 3: don't even have student loans anymore. And then the payments resumed.
- 11:39Speaker 3: The Trump administration takes a different tactic, and you know,
- 11:42Speaker 3: the court struck down the forgiveness proposal, and people are
- 11:46Speaker 3: like oh gosh, I guess I got to think about
- 11:47Speaker 3: those things again. And so because of that that whiplash effect,
- 11:51Speaker 3: a lot of people just haven't been paying on those
- 11:53Speaker 3: student loans. Millions and millions of people have not been
- 11:55Speaker 3: paying even though payments have restarted, and the Trump administration
- 11:59Speaker 3: has basically said, yeah, if you are delinquent, we're going
- 12:02Speaker 3: to start garnishing your wages, and so that could be
- 12:04Speaker 3: up to fifteen percent of people's paychecks. That's going to
- 12:07Speaker 3: start literally as soon as this week. People are going
- 12:10Speaker 3: to start getting notices in the mail. And it's not
- 12:13Speaker 3: just your paycheck, like you could see part of your
- 12:15Speaker 3: tax refund or maybe your whole tax refund garnished as well.
- 12:19Speaker 3: So it's one of those things where if you haven't
- 12:21Speaker 3: thought about your student loan, it's time to start thinking
- 12:24Speaker 3: about it. If you are delinquent, right, it's time to
- 12:29Speaker 3: see if there is a payment plan that you can
- 12:31Speaker 3: get on with the federal government. Some of those are
- 12:34Speaker 3: still going to be around. They're going to be able
- 12:35Speaker 3: to lower your payment maybe to something that is affordable. Also,
- 12:39Speaker 3: we're seeing and this is something probably that you've noticed,
- 12:42Speaker 3: bill people are able to charge discharge their student loans
- 12:45Speaker 3: via bankruptcy if they have true inability to pay. They
- 12:49Speaker 3: used to be something that was like basically impossible.
- 12:51Speaker 1: Yeah, that's very well, very very difficult to do, if
- 12:54Speaker 1: not impossible. And I believe that government should be there
- 12:59Speaker 1: to help people, you know, I believe to an extent
- 13:02Speaker 1: social services should be there. And I'm fine with borrowing
- 13:05Speaker 1: money from the government to go to school. I think
- 13:08Speaker 1: that is a tremendous advantage to society and to the individual.
- 13:12Speaker 1: I think it's uh for the most part, upside my opinion. However,
- 13:18Speaker 1: those borrowers who are looking for moratoriums or looking for
- 13:23Speaker 1: forgiving loan the student loans, I would like you to
- 13:26Speaker 1: google the word borrow and just see what part of
- 13:31Speaker 1: you got to pay it back. And they're having a
- 13:34Speaker 1: problem with that and so making it easy. But I
- 13:37Speaker 1: think it's a great investment for a government to loan
- 13:41Speaker 1: money as long as it comes back.
- 13:43Speaker 2: Joel, did you borrow? Did you have a student loan?
- 13:45Speaker 1: I know you didn't get out of what high school
- 13:47Speaker 1: or junior high didn't get out of it, so you didn't
- 13:49Speaker 1: have to pay a lot of money, right.
- 13:51Speaker 3: I barely graduated middle school.
- 13:53Speaker 2: Did you did you borrow? Money. Do you go to school?
- 13:56Speaker 3: I did, Yeah, a small amount first two years. But
- 14:00Speaker 3: then I realized, guess what, I was going to private
- 14:02Speaker 3: school for a couple of years, and I didn't want
- 14:04Speaker 3: my didn't loan debt to increase anymore. I was like,
- 14:07Speaker 3: saw the writing on the wall. I was like, if
- 14:08Speaker 3: this keeps going, but I'm going to be in for
- 14:11Speaker 3: a long haul of debt payback. So I went to
- 14:14Speaker 3: a school that offered better financial aid and was able
- 14:17Speaker 3: to get the last two years for free, so that
- 14:19Speaker 3: I kept my student loan balance pretty well.
- 14:21Speaker 2: Yeah, I borrowed money.
- 14:22Speaker 1: I borrowed money for law school and it was not cheap,
- 14:26Speaker 1: and I paid and I.
- 14:27Speaker 2: Paid it back just like I thought I would. Amy,
- 14:30Speaker 2: did you borrow money to go to school?
- 14:33Speaker 1: Uh?
- 14:33Speaker 4: Yeah, okay I didn't. Personally, my parents basically took all right.
- 14:39Speaker 1: They so you got so you got it for free?
- 14:41Speaker 1: They paid, right, they borrowed, they paid. Yes, Yeah, that's
- 14:46Speaker 1: not you borrowing money. Thanks very much for well joined
- 14:49Speaker 1: them borrowing money. I still had to work through college.
- 14:53Speaker 1: Oh I understand. I mean so even people who don't
- 14:56Speaker 1: borrow money work through college.
- 14:57Speaker 2: Yeah, but they took out loans for me all.
- 14:59Speaker 1: Right, we all thanks. We'll talk again next Thursday. This Sunday,
- 15:03Speaker 1: twelve to two. How to Money Joel at how to
- 15:06Speaker 1: Money Joel's social address, and don't forget the website howdomoney
- 15:09Speaker 1: dot com.
- 15:10Speaker 2: Joel. You have a good one, Have a good weekend.
- 15:11Speaker 2: We'll catch on Sunday.
- 15:12Speaker 1: Okay, US forces boarded and seized a Russian flagged oil
- 15:18Speaker 1: tanker yesterday, tracking across the Atlantic for weeks. And this
- 15:23Speaker 1: is it was a tanker that had sanctioned oil and
- 15:26Speaker 1: it was a sanctioned tanker and it became a Russian
- 15:28Speaker 1: tanker somewhere in the middle of the Atlantic when they
- 15:32Speaker 1: all of a sudden started paying Russian flags on it.
- 15:35Speaker 2: So fascinating story.
- 15:37Speaker 1: Okay, what happened yesterday in Minneapolis, and it is a tragedy.
- 15:41Speaker 1: A thirty seven year old woman was shot, was killed
- 15:45Speaker 1: as she was in her parked suv. That was, she
- 15:50Speaker 1: had blocked a portion of the road and the ice
- 15:54Speaker 1: agents came up to her and effectively were I think
- 15:59Speaker 1: we're telling her move.
- 16:00Speaker 2: But in any case, she backs up and.
- 16:03Speaker 1: Tries to drive away and get shot, or she backed
- 16:07Speaker 1: up and then tried to hit an ice agent that
- 16:10Speaker 1: was there and we'll see what the investigation then produces.
- 16:14Speaker 1: So now let me explain what happens to people who
- 16:19Speaker 1: go out and protest. And here is the difference in
- 16:23Speaker 1: terms of the protesting when you're dealing with ice. And
- 16:28Speaker 1: this is I mean, think about this for a moment.
- 16:30Speaker 1: I was contemplating this during the break. And that is
- 16:33Speaker 1: normal protests, I mean protests other than ice protests. You're
- 16:37Speaker 1: normally protesting a policy or what the government is doing. Here,
- 16:43Speaker 1: you're protesting what is happening right in front of you,
- 16:48Speaker 1: you know, for example, or the Black Lives Matter movement
- 16:54Speaker 1: was talking about protesting a general concept black Lives Matter.
- 16:58Speaker 1: They weren't protesting that cop right there. Well, these ice
- 17:02Speaker 1: protests are all about that cop right there, that ice agent.
- 17:08Speaker 1: So all you're gonna have altercations on a different level
- 17:13Speaker 1: because the hatred spews far higher. The defense on the
- 17:18Speaker 1: side of ice is at a higher level. They're going
- 17:22Speaker 1: after people specifically, to go after people. It doesn't happen
- 17:25Speaker 1: in most demonstrations, doesn't happen in many most protests. So
- 17:31Speaker 1: already we're set up with a contentious situation that is
- 17:35Speaker 1: far greater than otherwise. And so what were these protests
- 17:41Speaker 1: about it's the way, not only the policy of the
- 17:43Speaker 1: United States, but the very way that ICE is picking
- 17:46Speaker 1: up people. Christinome always talks about we're only picking up
- 17:50Speaker 1: the worst of the worst. She's still saying that, which
- 17:51Speaker 1: I don't get. That's the worst of the worst. You know,
- 17:55Speaker 1: people they go into poultry factories, they go to the
- 18:00Speaker 1: home home depot outside on the driveway and just pick
- 18:04Speaker 1: people up, which they do in most part they are illegal,
- 18:08Speaker 1: which they are, but the way they're doing it is
- 18:11Speaker 1: in fact really difficult for many many people.
- 18:15Speaker 2: So now.
- 18:17Speaker 1: This woman was described by US Representative eleon Omar, Democrat
- 18:24Speaker 1: from Minnesota, probably one of the most left wing legislators
- 18:28Speaker 1: we have.
- 18:29Speaker 2: She's right there with AOC.
- 18:31Speaker 1: And she said that the woman killed was a quote
- 18:34Speaker 1: legal observer, shot while in her car, and local law
- 18:40Speaker 1: enforcement says she was blocking the street. I don't know
- 18:43Speaker 1: about that because cars were passing in front of her
- 18:47Speaker 1: and she was waving cars through. I mean, there again,
- 18:50Speaker 1: the investigation is going to prove where it is. There
- 18:52Speaker 1: are two divergent views and looking at the same video,
- 18:57Speaker 1: which is kind of interesting. But she was a quote
- 19:02Speaker 1: legal observer, and Ken Paulson, the director of the Free
- 19:07Speaker 1: Speech Center at Middle Tennessee University, State University.
- 19:11Speaker 2: What a shocker.
- 19:12Speaker 1: What he said, Make no mistake, what happened in Minnesota
- 19:15Speaker 1: is not about free speech niceties. If they disobeyed the
- 19:19Speaker 1: police officer, they can be arrested, but under no circumstances
- 19:24Speaker 1: can they be shot. This is far less an issue
- 19:29Speaker 1: about free speech than it is the exercise of power. Now,
- 19:33Speaker 1: the woman was shot, she was killed, and literally within
- 19:37Speaker 1: probably an hour, Christinome, the Secretary of Homeland Security, came
- 19:44Speaker 1: out and immediately defended ICE and blamed the shooting on
- 19:48Speaker 1: the radical left. And the woman attempted to run over
- 19:53Speaker 1: and did hit the ICE agent. And it just went
- 19:57Speaker 1: on and I you don't usually hear that.
- 20:00Speaker 2: You here is we have to investigate it. We have to.
- 20:03Speaker 1: I mean, you had the mayor of Minneapolis, you had
- 20:06Speaker 1: the governor, you have people that educate free speech. They
- 20:09Speaker 1: didn't say outright, this is a murder. They said it
- 20:13Speaker 1: looks like one, but we have to do an investigation.
- 20:16Speaker 1: We have to look at it and find out exactly
- 20:20Speaker 1: what happened. The administration, this administration said we're done. This
- 20:24Speaker 1: was a justified shooting.
- 20:27Speaker 2: This was a woman attacking one of our agents.
- 20:31Speaker 1: This was self defense and effectively effectively saying, we don't
- 20:36Speaker 1: even have to look at the video, we know what happened.
- 20:39Speaker 1: And Donald Trump said the same things. It was simply
- 20:43Speaker 1: the radical left. It was an attempt to kill an
- 20:47Speaker 1: ICE agent. So I guess, let's not even do an investigation.
- 20:51Speaker 1: And then I was talking this morning too, Amy, will
- 20:54Speaker 1: the FBI even investigate this? Now FBI is out there,
- 21:00Speaker 1: and it could be that Christineolam and the president are
- 21:05Speaker 1: simply they're just blurting out what they think. Christinoam in
- 21:10Speaker 1: that press conference when she said that in this ridiculous stetson,
- 21:14Speaker 1: I didn't get that. Why she should have been wearing
- 21:17Speaker 1: a holster and doing target shooting or spinning the spinning
- 21:20Speaker 1: a gun around on her finger. She might as well
- 21:21Speaker 1: have done that. But she had then not a word
- 21:25Speaker 1: mentioned about an investigation.
- 21:26Speaker 2: Nothing.
- 21:27Speaker 4: Well, actually, Bill, Now the Minnesota officials are saying that
- 21:32Speaker 4: the FEDS are blocking them from investigating what happened.
- 21:37Speaker 1: Wow, you know, that gets a little bit deeper, doesn't it.
- 21:41Speaker 1: And we'll see if that's true. You know, because even
- 21:45Speaker 1: that we don't know, you can't investigate part of it,
- 21:47Speaker 1: or you investigator stopping all of it.
- 21:49Speaker 2: I mean that is a stunner, to say the least.
- 21:52Speaker 1: All Right, the US forces boarded and seesed a Russian
- 21:56Speaker 1: flagged oil tanker, this shadow fleet, it was, it's been
- 22:00Speaker 1: a Russian vessel for thirty five minutes. It's part of
- 22:05Speaker 1: this under the table fleet of tankers that sell oil
- 22:10Speaker 1: under the table. And Venezuela, by the way, receives the
- 22:13Speaker 1: majority of its money in oil and buy this shadow fleet.
- 22:18Speaker 1: The other issue is what happened yesterday in Minneapolis with
- 22:21Speaker 1: the ICE shooting of that woman in her suv at
- 22:25Speaker 1: the protest, and she's being described by those who are
- 22:31Speaker 1: liberal on the left Democrats as a legal observer. Now
- 22:35Speaker 1: I don't know if that actually has a legal definition.
- 22:40Speaker 1: But what does that mean? Well, do you have rights?
- 22:44Speaker 1: Can you go and video anything? Of course you can.
- 22:47Speaker 1: You have a First Amendment right to record law enforcement
- 22:51Speaker 1: other government employees while they're doing their jobs, even if
- 22:55Speaker 1: an ICE agent is arresting someone. Of course, and here's
- 23:01Speaker 1: the problem that happens with ICE agents as well as
- 23:04Speaker 1: police officers during these protests. Someone will be videoing them
- 23:08Speaker 1: and the coup will come up and say stop videoing,
- 23:12Speaker 1: just stop and you can say, but I have a
- 23:16Speaker 1: right to do that, and a couple will say, I
- 23:18Speaker 1: don't care you stop right now, or I'm going to
- 23:21Speaker 1: arrest you. Well, you have the absolute right. You will
- 23:25Speaker 1: win in court. If he does he or she does
- 23:29Speaker 1: arrest you, you will win. The problem is is you
- 23:34Speaker 1: get arrested. So what happens. I'm going to get a
- 23:36Speaker 1: little practical here. If you're not the only one there,
- 23:39Speaker 1: let's let the other people video it. Literally, do you
- 23:43Speaker 1: want the hassle?
- 23:45Speaker 3: You know?
- 23:45Speaker 1: Just for example, in this case, dozens of videos were taken,
- 23:50Speaker 1: So an ICE agent going up to a single person
- 23:54Speaker 1: and saying stop videoing, what's going to happen?
- 23:57Speaker 2: Nothing?
- 23:58Speaker 1: And let's say you have a dozens and dozens of people.
- 24:01Speaker 1: Are they now going Are the cops the agents now
- 24:04Speaker 1: going to spread out, stop arresting the purported illegal aliens
- 24:09Speaker 1: and stop people from videoing?
- 24:10Speaker 2: Of course not. And you can't get in the way.
- 24:14Speaker 1: Of a police person doing his or her job or
- 24:17Speaker 1: a federal agent. You can't stand in front of front
- 24:20Speaker 1: of them while they're going to do their job or
- 24:23Speaker 1: arresting someone. But just you know there are other people there,
- 24:26Speaker 1: so and you don't scream at these people either and
- 24:29Speaker 1: you hear the screaming.
- 24:30Speaker 2: That's the last thing I.
- 24:31Speaker 1: Would do, because you can still do your job as
- 24:34Speaker 1: an observer, which you absolutely have the right to do. Now,
- 24:38Speaker 1: there are a bunch of state legislators, legislatures that have
- 24:42Speaker 1: passed laws around these quote buffer zones around crime scenes.
- 24:47Speaker 1: They haven't done well legally because number one, they're vague,
- 24:53Speaker 1: and second of all, if someone is not interfering with
- 24:58Speaker 1: the police action and simply standing four feet away for example,
- 25:04Speaker 1: and videoing and you have a lot of this says
- 25:06Speaker 1: you have to be twenty five feet away. Arizona did
- 25:09Speaker 1: that within eight feet at a buffer zone. It was
- 25:13Speaker 1: Indiana that did the twenty five foot buffer law. Struck down,
- 25:18Speaker 1: I mean instantly struck down. So legal observers, I want
- 25:22Speaker 1: to go back to that for a moment. Typically citizens
- 25:25Speaker 1: who watch, there's my dog going crazy. Typically citizens who
- 25:29Speaker 1: watch document record interactions between the police and protesters. And
- 25:33Speaker 1: you've got these grassroot networks, and man, you look what
- 25:37Speaker 1: happened yesterday after the shooting. Within minutes, hundreds of people
- 25:41Speaker 1: showed up. And we're not talking about the protesters. We're
- 25:44Speaker 1: talking about people that came to the area to protest
- 25:48Speaker 1: to let the known and they were screaming at the
- 25:50Speaker 1: cops like crazy. And so when you have a situation,
- 25:55Speaker 1: keep in mind two things. Number One, you have the
- 25:57Speaker 1: right to video. You have the right to protests. And
- 26:01Speaker 1: this has become a lot more commonplace because of smartphones
- 26:05Speaker 1: and bystanders. For example, the death of George Floyd was
- 26:09Speaker 1: videoed and that video was just incredibly important in convicting
- 26:17Speaker 1: the cop who did this. And you're going to see
- 26:21Speaker 1: that happening because I'll tell you, witness statements are useless
- 26:24Speaker 1: because for every witness that says A happened, you'll have
- 26:28Speaker 1: a witness that says B happened. Video is right there.
- 26:32Speaker 1: Now you can interpret it one way or the other.
- 26:35Speaker 1: But the video is there. And what are the cops
- 26:39Speaker 1: going to say? What is anybody going to say if
- 26:41Speaker 1: he or she is being videoed?
- 26:43Speaker 2: Who are you.
- 26:44Speaker 1: Gonna believe me or your lying eyes? You know, video
- 26:51Speaker 1: is very very important. So protesting an absolute right under
- 26:55Speaker 1: the First Amendment, but those rights do have limits. For example,
- 27:00Speaker 1: reasonable time to protest, reasonable manner and place. Can they
- 27:07Speaker 1: move you into an area blocked up for protesting? Yeah,
- 27:11Speaker 1: the police have been told that that is a legitimate.
- 27:16Speaker 1: There's no question about that. Why because we're looking at
- 27:18Speaker 1: the clashes and this is usually between two groups, two
- 27:22Speaker 1: protest groups, where the police are looking at a clash
- 27:26Speaker 1: that is going to happen, where the hatred is so
- 27:29Speaker 1: high that you know people are going to get hurt.
- 27:32Speaker 2: So here's what the cops do.
- 27:33Speaker 1: And this happens in the Los Angeles and happened in
- 27:35Speaker 1: Los Angeles with several protests. Is you guys are on
- 27:39Speaker 1: that side of the street, We're going to put up barriers.
- 27:42Speaker 1: You guys who are against these guys are on the
- 27:45Speaker 1: other side of the street, and we're going to be
- 27:48Speaker 1: putting up barriers. Those in fact are legitimate. So what's
- 27:53Speaker 1: the bottom line? Well, I mean, do you harass the
- 27:59Speaker 1: ice agents?
- 28:00Speaker 2: Yeah?
- 28:00Speaker 1: I think so, because people are pretty upset. Don't go
- 28:02Speaker 1: up there and start videoing their faces. Don't get anywhere
- 28:06Speaker 1: near them. We're going to be argued that you interfered
- 28:09Speaker 1: with police officers. Okay, we're done, guys coming up as
- 28:13Speaker 1: Gary and Shannon. We're back again tomorrow. I'm assuming Kono
- 28:17Speaker 1: joins us tomorrow.
- 28:18Speaker 4: If his car gets fixed, yeh.
- 28:20Speaker 1: If his car gets fixed. If not, well I'm here
- 28:23Speaker 1: to bail them out again. There you go, there you go.
- 28:27Speaker 1: All right, we're done, guys, Amy and Neil is still
- 28:31Speaker 1: not here. We're going and we're not gonna have Will. God,
- 28:35Speaker 1: we're half gone. Is Will coming back tomorrow?
- 28:37Speaker 3: No?
- 28:38Speaker 2: Do we know?
- 28:39Speaker 4: Nope, he's gone till Monday because he's he's flying over
- 28:42Speaker 4: the Fiesta Bowl today and then he's headed out to
- 28:44Speaker 4: fly over a playoff game.
- 28:46Speaker 2: Wow.
- 28:47Speaker 1: Yeah, so he actually wants to earn some money. Yeah, okay,
- 28:52Speaker 1: that makes sense. All right, guys, we're done. We're finished.
- 28:54Speaker 2: Tomorrow morning, all over again. You've been listening to The
- 28:59Speaker 2: Bill Handles Show.
- 29:00Speaker 1: Catch My Show Monday through Friday, six am to nine am,
- 29:03Speaker 1: and anytime on demand on the iHeartRadio app