The Glenn Beck Program - Best of the Program ｜ Guests： Steve Friend & Cleta Mitchell ｜ 11⧸15⧸22

00:00:00.000 are you interested in the uh artemis moon rocket launch supposed to happen i'm not a big space geek

00:00:07.900 big space can you not be i don't know that's a good question i mean i i think my first memory

00:00:15.280 of space travel was the challenger blowing up okay so that might be part of it yeah yeah yeah

00:00:20.680 see mine was going to the moon yeah i was i remember being in class when the challenge we

00:00:26.000 were all gathered together they put a tv in front of the class of teachers going into space and then

00:00:30.980 the whole thing blew up and we just you know watched a terrible american tragedy happen as

00:00:36.320 children in real time so i don't really have i don't have that passion i'll never forget her

00:00:41.120 you remember her you remember her eyes what color her eyes were i don't yeah blue one blue this way

00:00:47.100 god you are you serious good did you did you really too soon is it too soon for you you know 0.98

00:00:54.520 yes yes you know us you heartless bastard yes it's too soon i can't believe it worked on you 0.95

00:01:02.200 anyway uh we'll be covering that probably on tomorrow's uh podcast not only eye color but 0.97

00:01:08.540 they've uh in artemis they don't have any astronauts in it they put like crash test dummies

00:01:14.660 i mean yeah that's weird you pretty much blow up also weren't the the krista mcauliffe jokes like

00:01:25.060 the first viral jokes like i don't know how it happened but everybody knew like what does nasa stand

00:01:31.060 for need another seven astronauts that's the one i remember really or uh where did krista mcauliffe go 0.90

00:01:36.180 uh on vacation all over florida this is really hurting this is hurtful i didn't make them up i

00:01:42.480 you're the one that brought i got we got to get to the podcast i'm i apologize for stew this is

00:01:47.240 probably bad timing but you should subscribe to the podcast and rate and review it maybe maybe

00:01:51.580 don't rate review today not today maybe tomorrow and don't forget studios america as well both

00:01:56.620 podcasts available wherever you get these pieces of crap uh all right let me tell you about our sponsor

00:02:03.680 it's gold line most americans uh don't know that it's possible to use your retirement account to 0.90

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00:02:14.860 a protective wall against inflation and other forms of economic insanity that pop up from time to time

00:02:21.120 i just uh i just talked this morning on the podcast about oh gosh who was it a big you know a big uh

00:02:30.280 hedge fund 50 50 billion dollars worth of of uh money and capital that they oversee and they're like

00:02:38.380 hey don't worry don't worry just hyperinflation is coming and that you know could very possibly

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00:03:19.300 here's the podcast you're listening to the best of the glenbeck program

00:03:31.300 truth show social today uh trump has said uh hopefully this is a day that will be remembered

00:03:40.680 as a great day in america uh this is the day he is supposedly going to announce he's running

00:03:46.340 for president of the united states we need to fix uh the problems that we have

00:03:52.460 with elections we need to make sure that every vote is counted every non-vote is thrown out 0.61

00:03:59.760 uh that it is transparent and the republicans need to get their ass in gear and understand it's not

00:04:07.080 1971 uh an election attorney cleta mitchell she's argued in front of the supreme court she has 0.58

00:04:14.560 40 years of experience in law politics public policy she is practiced before the federal election

00:04:21.300 commission the ethics committees of the u.s house and senate and similar state and local enforcement

00:04:26.680 bodies and agencies currently she runs the election integrity network a coalition of conservative

00:04:32.620 leaders organizations public officials and citizens dedicated to securing the legality of

00:04:38.360 every american vote cleta welcome to the program how are you i'm well thank you for having me and how

00:04:46.000 am i well i know um how am i yeah it's just it's a you know this has been a long time coming this is

00:04:56.400 the frog in the boiling water yes and uh and the water's definitely boiling and the question is whether

00:05:03.660 that frog has the ability to jump out at all left that's what that's what we're up against because

00:05:09.100 the left has been about the business of remaking our election system for i would say really got

00:05:19.280 started in in 2000 with a bush v gore effort and they've been hard at it ever since so and this is

00:05:25.720 the product this is the product of their 22 years cleta they the people are saying you know i think the

00:05:32.860 election's been stolen this last time there's questions in maricopa county um but this doesn't

00:05:40.660 seem to be like uh they're producing well maybe in nevada that they're just producing documents this is

00:05:47.620 now the system isn't it it's the system it is the system and that's why i've been very reluctant

00:05:54.460 to say about to about 2020 the election was stolen to me that involves um some massive effort to

00:06:04.820 manufacture votes right right that's not how they do that's not how they do it what they've done

00:06:11.980 is they will just just think back for a moment it used to be for those of us old enough to remember

00:06:17.700 that there was election day and you would go to the polls you would listen to the candidates there

00:06:23.720 would be closing arguments the weekend before always the october surprise right and then people

00:06:28.320 would in some national uh unified manner go to the polls and cast their votes for the candidate of

00:06:36.400 their choice that isn't what happens now we have state after state and democratic control and honestly

00:06:44.620 it's not just democrats but there have been republicans in state legislatures that have voted for some of

00:06:50.420 these things so that now we have washington state started having uh they all mailed voting to the

00:06:58.620 point that i think by 2010 2012 they had no more polling places everything is done uh behind closed doors

00:07:06.920 there's no observing that process if you our election codes all say that there should be

00:07:13.560 republican and democratic uh parties appointed observers to watch each other keep it honest well

00:07:21.380 now such a tiny percentage of the vote occurs at the polling places where if people make a mistake they

00:07:28.340 can get help and then their vote goes into the tabulator what happens now and what's how we've seen in

00:07:35.000 maricopa and in nevada which is just a total cake that's total third world chaos but what happens now

00:07:42.660 and this is a system built by the left because it benefits them now they they go after collectives

00:07:52.000 of of people who may or may not exist or may or may not be cognizant that there's even an election

00:07:58.380 going on and if they can figure out how to get that person somehow connected to a ballot and then if

00:08:06.220 there's a problem you know that's deposited or it's mailed or it's collected and then people in the

00:08:12.480 election offices fix it if they forget to sign it or they don't have any identifying information

00:08:19.100 they just cure it in nevada the culinary workers union i read last week that they they collected and

00:08:28.580 cured over 6 000 ballots that were completely wrong didn't have the fine information and they get and

00:08:38.000 they do that for days and days after the election i mean this is mystifying to me why the republican

00:08:46.120 party has not and i've been talking about this for decades i've tried to say we're running two

00:08:54.300 different ball games here right we're not playing you know they're playing hockey and we're playing

00:08:59.360 basketball that's it's the same thing on almost everything cleta in in washington it's it's like

00:09:05.680 they're playing the game that was played in 1971 or earlier yeah it's just and i don't know it's very

00:09:14.200 frustrating to me but i will tell you glenn i i would i cut my political teeth as a democrat i was

00:09:18.940 raised in oklahoma when oklahoma was a very democratic state uh i was very interested in politics from an

00:09:25.200 early age and which and would always tell my mother don't go vote till i get home from school

00:09:30.380 and um and you know we had election day and all but i i cut my political teeth i was a legislator

00:09:39.340 in oklahoma as a democrat and so i i learned that what democrats they just think of the process

00:09:46.840 what's the process of what are the procedures and the rules of political engagement campaign finance

00:09:53.720 how the elections are conducted what are the lobbying rules what are the disclosure rules what are the

00:09:59.400 ethics and foia all these process things those are all written by democrats i republicans barely even

00:10:07.280 pay attention i've fought battles on campaign finance saying don't you realize what the left is doing

00:10:13.480 they're trying to bust up the republicans way of doing things which they did with mccain feingold

00:10:19.340 and they've done it with election laws with all of this mail voting with all of this post-election

00:10:25.420 uh activity where they can continue to collect votes and cure them and fix them

00:10:30.360 uh and republicans and conservatives it's not just republicans conservatives think about tax policy

00:10:38.060 and education policy and all those kinds of things they don't think about the fact that the left has

00:10:43.440 spent i calculated with the capital research center base i thought it was two billion they said no it's

00:10:49.040 closer to 11 to 14 billion dollars oh my god over the last decade over the last decade changing the

00:10:56.440 election laws around the country creating massive numbers of entities that are involved in ballot design

00:11:04.320 ballot envelope design getting uh people who are in states that allow this where they send out 0.98

00:11:11.560 applications for absentee ballots and all the all the all the moron voter has to do is just sign it and 0.92

00:11:19.820 send it in and not even follow those state laws and then you have election officials that disregard the 0.98

00:11:26.340 requirements that the legislatures put into place i mean it is lawlessness it is the wild west

00:11:31.820 and we better wake up so um yeah better wake up the gop did this to themselves in pennsylvania 0.74

00:11:40.360 oh my gosh oh pennsylvania is my poster child um i almost wrote an article uh in october of 2020 to say

00:11:51.540 watch what's going to happen in pennsylvania it's going to be a nightmare again yes the republicans

00:11:57.180 controlled legislature pennsylvania had one of the best state election codes in the country because it

00:12:05.240 was no excuse absentee you had to have an excuse to vote absentee you had to be out of the jurisdiction

00:12:12.360 on election day they didn't have any early voting everybody voted on election day no absentee balloting

00:12:18.800 no mail voting unless unless you were infirmed or uh out of the jurisdiction the legislature geniuses that they

00:12:29.380 were they you know the the democrats have been pushing pushing pushing to get uh a no excuse

00:12:35.580 absentee ballots uh absentee voting put in place for a long time and the republicans decided that they

00:12:42.140 were worried in 20 that in at the top of the ticket in 2020 would be donald trump and that that would hurt

00:12:48.840 them because they had straight party voting you could just go in and vote for the person at the top of

00:12:54.580 the ticket and it automatically populated everybody on the republican or the democratic ticket so they

00:13:01.060 cut a deal with the democrat governor that they would allow they would pass act 77 which is a mess

00:13:07.820 a nightmare which allows for um no excuse absentee voting got rid of straight party voting but it required

00:13:18.120 a signature so that the your absentee ballot at least had to have a signature as a verification

00:13:24.180 and that was in the statute so in september of 2020 the democrat appointed state uh secretary of

00:13:32.380 state the governor appoints so it's always someone governor's party issued a notice to all of the

00:13:38.260 counties that they were to disregard the statutory requirement for a signature on the absentee ballots

00:13:45.420 because of covid now you realize that covid made it impossible for people to sign their names you may

00:13:50.380 not have read that as a symptom but apparently that was uh that was that was the pretext right so

00:13:56.820 the republicans sued and say well the statute says this and they had a democrat controlled state supreme

00:14:05.700 court which said oh because of covid you don't have to have that just disregard that statute

00:14:12.720 so you had this year let me tell you what happened this year i mean i could talk about this i'm sorry

00:14:17.040 that's all right that's all right you know clita here's here's the thing i i want people to go to

00:14:21.260 who's counting.us what can the average person do to help you well sign up sign up to become involved in

00:14:31.520 the election integrity movement we are building um and we are trying to build and we have made some

00:14:38.540 good progress uh but we have so much more to do everybody needs to realize that saving our election

00:14:44.480 it's tantamount to saving our country you can't save our country if we don't save our election

00:14:48.720 correct we're building a local election integrity task forces and we have training we have the

00:14:54.580 citizen's guide to building an election integrity infrastructure has all the steps we now have the

00:14:59.560 master class these are five to seven minute videos about how to start a local task force how to become

00:15:05.240 involved in your county and your or your city how to uh protect vulnerable voters how to clean voter

00:15:11.020 rolls how to honestly there's so much wrong there's so much wrong we have seven different categories

00:15:17.200 of things people need to be doing at the local level that's where it has to start all voting is

00:15:22.640 local um all voting is can we find all of this at who's counting.us everything and we have a podcast

00:15:29.420 i'm doing and i'm doing i'm now going through and interviewing each of the state leaders

00:15:33.820 since the election so we're going to be putting out i usually do a weekly podcast but now i'm going to do

00:15:38.880 one every couple of days from different states to tell everybody here's what's happened in our states

00:15:43.360 this year so we need we need people to be involved and engaged we can't give up we can't get discouraged

00:15:50.280 no quite the opposite we really need to fix this uh if we don't fix the voting you're exactly right

00:15:56.440 nothing else matters so who's counting.us who's counting.us cleta thank you so much

00:16:04.600 thank you for having me appreciate you cleta mitchell

00:16:07.840 you're listening to the best of the glenn beck program

00:16:15.120 we are talking to a very brave fbi agent i wish there were more of them where are you

00:16:33.080 local fbi agents uh steve friend is his name he's an fbi whistleblower he objected to being part of

00:16:41.420 the january january 6th raids for several reasons first of all um before i get to some other things

00:16:47.840 can you tell me um you said earlier that you thought it was um cruel and inhumane treatment i think you

00:16:55.640 said uh the way some of these prisoners are being handled can you tell me anything you know about that

00:17:01.080 well i can only speak to you know what i've read about how our folks are being held in the dc jails

00:17:07.600 who have actually been taken into custody

00:17:09.120 my genuine concern was the the process being a punishment for people who actually were never

00:17:15.900 we never intended or were going to not be able to charge

00:17:19.120 so you know just sitting down somebody in front of them you know stresses them out

00:17:22.960 a lot of these guys had to hire attorneys

00:17:25.200 uh the one individual i participated in with an interview he had lost his job and was you know

00:17:30.900 retaining an attorney and it was for you know walking in the capital after having gained permission of

00:17:36.720 the police so what was the point of us right going through that process you know it's a it's amazing

00:17:43.080 to me you you said um at one point you you said that the process is the punishment and when you think

00:17:53.120 of that that is terrifying because that means that even if they can't charge you or you're not really

00:18:01.440 guilty of anything they're going to make this so horrible on you that you just stay away from

00:18:08.260 everything you teach you teach people a lesson stay away don't even get close to any of this

00:18:13.700 that's exactly right i mean even you can go back to what happened to michael flynn

00:18:19.120 he was forced to sell his house and essentially become bankrupt in order to mount a defense and

00:18:26.940 ultimately pled guilty to avoid his son being roped into it so that's the process is the punishment

00:18:31.580 and the fbi um designated the grassy area area outside the u.s capitol as a restricted zone

00:18:40.420 after january 6th and did they apply that retroactively to be able to look and say

00:18:47.860 well you were in that restricted zone on january 6th that's my understanding that they they wanted

00:18:55.200 to really send a message and then gather more people up in this dragnet so they decided that the

00:19:00.580 the lawn on the outside of the capitals outside of those four walls was going to be deemed

00:19:04.660 restricted because at some point there have been some barricades but just anecdotally i heard

00:19:09.740 individuals who were there on the 5th they said they saw barricades but on the 6th the morning of

00:19:14.180 they saw people removing them so there's a little bit of uh suspect action being involved with that

00:19:21.220 um tell me about guardians the tools that they use to investigate called guardians

00:19:26.960 so guardian is a software system uh i like to think of it as like the 9-1-1 system in the fbi

00:19:33.800 uh you call 9-1-1 just cat in the tree uh for your neighborhood you can do that to the fbi to the

00:19:40.180 national intake center uh those folks there deal with uh probably 3 000 calls a day or

00:19:46.820 digital electronic communications uh they kind of pull through it and disseminate them to the field

00:19:52.680 for a proper investigative action so when it came to january 6th there was a huge uptick in the amount

00:19:58.480 of guardians that came in to the fbi and it was from all over the country it could be from a

00:20:04.460 disgruntled neighbor who didn't like his uh buddy across the street having a maga flag it could be

00:20:10.340 a family member ratting on a family member you know my my uncle was there he he told me he was there so

00:20:17.700 people that were trying to uh to be helpful to the fbi and in pursuing this investigation uh a lot of

00:20:24.160 actually just went to the fbi website looked at pictures and then would call call in a tip saying

00:20:28.860 you know this uh unknown subject looks like somebody i went to high school with and uh those

00:20:33.960 tips would come in uh they would be pushed out to you know wherever was deemed the appropriate

00:20:38.160 geographical location uh so for me you know i i got one uh that was really the the first interaction i

00:20:44.020 had uh it was a anonymous tip from rhode island that said uh this individual was involved in

00:20:51.080 assaulting police soldiers at the january 6th riot uh they had done a workup on this guy uh his phone

00:20:57.620 had the g the geo fence on his phone the gps did not ping at the capital uh the facial recognition

00:21:04.280 with his social media accounts did not come up with a positive match but i was still asked to go and

00:21:09.620 attempt to do an interview so it's not illegal for me to knock on anybody's door and and say hey i'm

00:21:15.540 the fbi do you want to talk to me right it's called a knock and talk but uh you know it was just kind

00:21:20.460 of a concern just because even if he admitted to being at the capital there was no complaint that

00:21:25.020 it was going to be very difficult to even charge the case so i still just good team player at that

00:21:30.760 point uh said all right i'll go knock on his door went went to the drill about an hour an hour and a

00:21:36.160 half uh knocked on the door met a gentleman there said i am with the fbi we're looking to january 6th

00:21:42.720 were you at the capital that day and he looked at me and said no that was the day of my son's funeral

00:21:47.500 so uh i just you know well i guess i made him relive that whole experience and uh gave my business

00:21:55.280 card and was on my merry way so that was my my first uh guardian that i had for kenny the january 6th

00:22:01.280 um are you seeing an escalation of political targeting at the fbi how concerned about all the

00:22:09.240 things that we're seeing with the face act now the fbi coming in in the middle of the night and

00:22:14.440 arresting 78 year old people the idea that if you disagree at the school board you're a somehow

00:22:21.300 or another a terrorist yeah i i think there's definitely a political element i think there's a

00:22:27.980 there's two dueling things there's politics and there's ambition sometimes there's one sometimes

00:22:33.360 there's the other sometimes there's folks i think uh and there are some true believers definitely

00:22:37.820 my special agent in charge uh sherry onks is a of the political left made no secret about that she 1.00

00:22:43.280 she sent out emails about the the dobbs decision being the so the supreme court taking away women's 0.82

00:22:49.480 rights and she put a gay pride flag display up in our office in jacksonville uh but then you have my

00:22:54.760 assistant special agent in charge uh colt markovsky who i believe is probably more ambitious kind of

00:22:59.300 saw this as being a huge case of the fbi than the bigger than 9-11 and you know if you get your name

00:23:04.980 on something with january 6th and you can claim you had supervising responsibilities in some way

00:23:10.660 of the largest and most important case of the agencies ever work that's that's going to be a

00:23:14.600 pretty good ticket for you to promote within the and the organization and i think just recently you

00:23:20.480 know with the with these face acts uh you know i've had a little bit of experience with it just being on

00:23:24.640 human trafficking investigations i i reached out to some of the crisis pregnancy centers after the

00:23:30.460 the jackson dobbs case uh just because i was worried that they might have some uh some threats come in

00:23:37.100 and then i also figured that they they might actually see some human trafficking victims that

00:23:40.980 could be a good resource for me did that uh got a little helmet sticker from from the from the bosses

00:23:46.360 but then was also told that i really needed to prioritize looking into abortion clinics because

00:23:51.080 they were really going to be the ones that were at risk really and i i responded i i think the only

00:23:57.580 time that the team that wins does that is like when the lakers win the title they burn the city but

00:24:02.120 otherwise i don't think that the uh the pro-life side is going to right down places that are going

00:24:08.160 to be shut down right that's just my critical thinking uh and last question and i know i asked you

00:24:16.980 this uh before but uh why aren't we seeing more fbi agents coming out we've always thought that these

00:24:26.400 guys were the best of the best you know conservatives have always given them a pass which we i don't

00:24:32.100 think we should have um but uh now they're showing themselves to be i think less than honorable if

00:24:41.200 they're seeing things themselves and are not standing up against it i i'm i'm hard disheartened

00:24:49.700 by this myself um you know i told you uh the other night you know i really thought that i was going

00:24:54.920 to have the the captain america end game moment where you know i fought a battle and even in my most dire

00:25:00.700 situation i would get that on your last moment and uh there would be my my brother and sister in arms

00:25:07.580 standing there and uh they just aren't i i'm i'm done talking about the good men and women at the

00:25:13.480 fbi i know that's the politically correct thing that uh all of our leaders like to say to make sure

00:25:18.360 the donations keep coming in but um i i'm no longer doing that i think that you know it's a really sweet

00:25:24.960 gig to be an fbi agent i lived it for eight years it's a great job you're the most interesting person

00:25:29.880 um maybe with the exception of radio show host uh that you're walking in your room uh everybody wants

00:25:35.920 to ask you questions and the big case um and uh you can really get by on a 20-year career being

00:25:41.320 grossly overpaid and underworked and folks just kind of play that same narrative where they say i'm

00:25:46.840 just trying to pay the bills and put food on the table and i'm going to keep my head down i only got a few

00:25:50.640 years to to retirement um but you know i i swore an oath and i i you know like i voiced to my bosses

00:25:56.560 i guess you guys found the one that actually took their oath seriously i believed in it and i that's

00:26:03.100 why i wanted to do the job so this was a job so i did the job and it never occurred to me that

00:26:08.340 that that was not um that was an option to not do that unfortunately i guess the other uh 14 000

00:26:15.600 agents who uh who wear the gun and badge uh don't share my sentiments well we have all kinds of

00:26:21.680 oversight if the uh if the republicans gain the house it looks like they're going to at this point

00:26:27.300 and uh i know you're in touch with uh people on capitol hill and i i hope we see more of you and i i hope

00:26:35.520 all of this comes to light and we do clean up this organization or shut it down if it won't be

00:26:41.480 cleaned up then shut it down steve thank you so much thank you glenn you bet steve friend uh former

00:26:49.000 fbi agent um he has had quite a transformation you'll see him uh tomorrow as he talks about some

00:26:57.160 of the cases uh that we have in front of you tomorrow it is a really very important show

00:27:04.760 because we don't know our constitution uh you know uh mike lee's son uh came with his wife and

00:27:13.520 and mike and uh we went out to dinner afterwards and his son is actually uh i think he's clerking

00:27:19.740 for the supreme court now and uh he said you know when i i heard my dad was coming to this i wanted to

00:27:27.360 come he said but so many places are just gonna get you all riled up uh and then leave it there and he

00:27:36.920 said i was so glad to see the panel and what you guys were doing because what we tried to do is show

00:27:44.760 you what can happen to you and it is on the increase we've never had to think about being an

00:27:51.520 enemy of the state we never have been we believe in the constitution how can we possibly be the enemy

00:27:58.440 of the of the government and the and the constitution when we are calling for the use of the constitution

00:28:05.120 and you never have thought of yourself as a rebel a rebel but now you are just for standing up you'll

00:28:12.200 hear the story of a guy who lost his children because he would not go along with calling his son

00:28:20.380 who does not want to be called a girl a girl it can happen to you and we are going to give you

00:28:30.440 the do's and don'ts and what you need to do to prepare for these things it's a introductory really

00:28:38.480 on the constitution and how you should behave and there is one shocking thing that i think

00:28:45.680 uh conservatives have never even thought of before uh that uh is overwhelming advice from the experts

00:28:55.680 that's tomorrow night only on blaze tv go to blaze tv.com slash glenn use the uh promo code stand up

00:29:05.320 and uh save our biggest savings ever thirty dollars on your uh one year subscription so it's 70 bucks now

00:29:14.180 for a year believe me you will get more than 70 worth of uh value out of that with all the shows that

00:29:21.620 we have and the specials that we have uh coming up it is so important now more than ever that we stay

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00:29:35.620 to do that blaze tv.com slash glenn use the promo code stand up

00:29:41.120 you're listening to the best of the glenn beck program

00:29:47.760 let me tell you a little bit about um the great reset and esg esg is uh regarded to uh by many

00:30:16.460 in mainstream media as a hoax as something that just is not happening let me give you two stories

00:30:25.400 uh that have come out today the first one is from bloomberg uh and it will show you how it is working

00:30:31.620 on the highest of levels and it is the e now some people will will admit okay the e is happening yeah

00:30:40.880 we're getting rid of fossil fuels so the e is happening but but not the s and the g so let me

00:30:46.820 just give you the first one the head of the world bank came under fire recently for not being tough

00:30:52.900 enough on climate change this is by the way in bloomberg so now he's gonna go all in on esg

00:31:00.300 world bank president david malpass cause for expanding the development lenders mission

00:31:06.300 to explicitly include public goods such as climate change weeks after his hesitance to publicly confirm

00:31:16.820 his belief in global warming led to calls for his removal so he's like well you know i i'm not sure we

00:31:26.560 know all of the causes of global warming everybody in the power players they all said he's gotta go

00:31:33.700 well he didn't instead managers at the washington-based institution will now review its

00:31:41.840 operational model and financial model to find ways to boost lending including using more grant

00:31:48.660 and blended finance malpass said in a note to bank staff on monday it's seen by bloomberg news

00:31:55.380 u.s treasury secretary janet yellen last month proposed changes for the world bank and regional development

00:32:01.680 banks pushing them to move beyond country specific loans to address global threats and speed the flow

00:32:09.860 of private capital to poor and emerging economies the u.s is the world's largest shareholder of the world

00:32:18.140 bank oh okay so they want to get a little more aggressive in loaning in loaning money to poor countries

00:32:25.220 okay now that's the e let's go to the s we actually have people now in legislatures republicans all over the

00:32:37.360 country that deny esg is even real october 24th the fhfa the federal housing finance agency announced that

00:32:50.140 lenders will soon be required to use two new credit scoring models fico 10t and van uh and vantage score

00:33:01.160 4.0 in order to sell mortgages to fannie may and freddie mac now the fh uh fa is the one that oversees

00:33:12.320 the public private institutions remember we're all about public private partnerships so freddie and fannie

00:33:19.140 what do they do they own most of the mortgages they underwrite they backstop most of the mortgages in

00:33:27.860 america the government is on the hook for those your bank doesn't own your house freddie or fannie most

00:33:36.200 likely own your house okay and uh they if you're going to sell something to them well then they need to

00:33:44.580 see the vantage score 4.0 these quoting the article these two new credit scores are deliberately designed

00:33:51.800 to make millions more of people eligible to purchase homes oh vantage score estimates that 37 million

00:34:02.420 people will receive a credit score under their new model alone that are not currently captured by a

00:34:09.300 fica score about 10.7 million will have a score of 620 or above the minimum score for a mortgage that

00:34:17.600 can be sold to fannie and freddie under the new credit model people will be able to improve their scores

00:34:24.520 by engaging in activities that don't have anything to do with capital ownership or credit history

00:34:34.420 what will they be scored on i wonder a couple of things here stew white is everybody that you know

00:34:48.420 lived through 2008 know the names fannie and freddie are central to the mortgage meltdown oh they were

00:34:57.460 why how they i mean partially because they were giving out mortgages to people who didn't

00:35:06.360 traditionally qualify for them right and they were backed up because the banks were told

00:35:12.700 you better do this stuff you better get we need to get home ownership rates up right we need to

00:35:17.500 have higher rates of diversity among homeowners so they gave it to people who may be great people but

00:35:24.940 maybe didn't have the credit scores or the resources or the finances to actually pay them back they

00:35:29.460 were risky mortgages they bundled them all together they created all sorts of uh collateralized

00:35:36.140 collateralized debt obligations on top of them and and the whole house of cards that's amazing so now

00:35:42.720 37 million americans are going to be have the door open and at least 10 million almost 11 million

00:35:51.360 will have the score that now is above they can't afford a house now but when they improve their

00:35:57.880 scores by engaging in activities that don't have anything to do with capital ownership or credit

00:36:05.500 history they can have a higher score so they can buy that house oh so they're not going to have

00:36:11.080 they're not going to become more credit worthy they're just going to become better people better

00:36:16.000 people like they love the environment more than another person who might have a higher credit

00:36:21.380 score but we'll give them the mortgage because they love you know clouds and the sky and trees

00:36:27.760 clean air they'll be able to sell mortgage now to mortgages to people including many who are probably

00:36:34.500 unqualified banks and mortgage companies will be able to do that and then immediately sell those to

00:36:41.840 fannie and freddie mac unloading the liabilities on the back of the banks and instead shoving it right

00:36:49.060 to the taxpayers back banks and mortgage companies will make truckloads of cash without really any risk

00:36:57.300 almost as importantly those companies participating in the program are also going to receive a boost in

00:37:05.060 their esg score because they are now helping improve racial equity so person a shows what a great

00:37:14.360 citizen they are and then group b gives them a better rate which shows them what a great citizen

00:37:21.180 they are right and then since group since person a is doing business with group b that probably raises

00:37:27.800 their esg score again yes and then group b or a the bank can sell it to you yeah and now it's on your

00:37:37.380 back and now yeah and i probably get a boost in my esg score just for taking on that terrible debt that

00:37:43.900 shouldn't be anywhere other uh that should have never existed in the first place this is you know

00:37:48.360 this sort of circuitous idea that you can continually i mean you know this is uh shroot bucks you know

00:37:56.180 dwight shroot comes into the office one day and he's got his he's got his own currency at his beet farm

00:38:01.400 and everyone's like ah that's all work just keep spending shroot bucks on it well that's not the

00:38:06.740 the economy does not work on shroot bucks no this is going to make the housing market more unstable

00:38:13.960 it will distort the market it's going to cause another 2008 collapse um you know remember though the

00:38:21.840 people who are pushing esg want you to own nothing and be happy so let's think this through what happens

00:38:29.020 when you add 10.7 million people to the housing market without increasing the supply of homes

00:38:36.000 more money in the market chasing fewer homes that means inflation the price of housing will go up

00:38:48.980 a ton and who owns a lot of the single family homes these days oh hedge funds like blackrock

00:38:58.840 they're going to make out huge from this and they aren't worried about competing with those folks who

00:39:05.800 are entering the marketplace they don't even have enough credit to have a credit history never mind

00:39:11.180 when bidding wars with you know blackrock or other wall street firms here's the thing biden has bragged

00:39:18.460 that this will make the market more inclusive and that industry stakeholders support the moves

00:39:25.020 this is great now i want you to know this important part this is not coming from me vantage score

00:39:35.140 is selling their credit mark uh model by making the promise i want you to go to vantage score.com

00:39:45.340 slash capital dash markets slash esg i'll tweet this out but you go there and you will see creating

00:39:57.600 social value through esg quoting their website vantage credit scores are often used by capital markets

00:40:05.100 participants in both the consumer lending asset-backed securities market and the residential

00:40:12.220 mortgage-backed security market um you're going to have uh leverage and the best in class accuracy

00:40:19.860 it will include the underserved it will demonstrate a commitment to esg and some of the benefits the key

00:40:27.960 benefits most predictive best in class model credit scores are going to be updated in real time

00:40:35.480 allowing for rigorous surveillance processes oh so i watched the episode of the black mirror

00:40:49.380 where your credit score is updated in real time and it was a vigorous surveillance process

00:40:59.540 sure was that's on their website anyone who tells you this is a conspiracy it's not gonna happen

00:41:09.380 it's not gonna reach down to you it just has yeah well and it's already been i mean aren't they in

00:41:16.620 billions of dollars here i mean how much what are the levels of usage in this already yeah let me

00:41:21.360 see if i can find that it is not day one of this program no no they're bragging about billions and

00:41:27.200 billions and billions of dollars being utilized already through this program yeah they it was like

00:41:31.420 uh 8.7 um here it is uh vantage scores used from march 2021 to february 2022 14.5 billion

00:41:43.980 vantage scores provided by consumer websites 4.8 billion vantage scores used by credit card issuers

00:41:54.640 3.7 billion so they are already using this it's at chase lending tree it's at american express capital one

00:42:07.300 um credit karma all of it all of it is being used right now and they've been telling you

00:42:16.660 that it's just a conspiracy theory i urge you to go to vantage score.com and just uh peek around look for

00:42:28.320 their credit scores oh it's so great you can do other things to qualify for a mortgage gee i wonder what

00:42:37.640 those other things are

00:42:39.540 you

The Glenn Beck Program - November 15, 2022

Best of the Program ｜ Guests： Steve Friend & Cleta Mitchell ｜ 11⧸15⧸22

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