John Oliver had a really interesting show last night, and what I think will
go down as at least one of the best interviews in the history of the Daily
Show (I am giving myself some wiggle room there, pending seeing a list of
the other contenders). In the end he did not get any new or specific
answers to his questions, but just seeing the clear, direct questions being
asked of a politician was striking - not just for an entertainment
interview, but even for a real, hard news interview.

Oliver interviewed NY junior Senator Kirsten Gillibrand, who by now is for
TDS an official "friend of the show" after Stewart has had her one several
times for very laudatory appearances. The first segment last night was
similar in tone to those, complimenting her good work on trying to fight
sexual assault in the military. In the second segment he switches to the
Historic and Ongoing Wall Street Scandal. He starts with kind of a general
question, and she gives a general, standard center-left Democratic answer.
Then, without really changing his tone or giving us much of a warning, he
asks her a really direct, specific and tough question:

"Help me understand the relationship between banks and politics, because on
the Venn diagram of that, you are right in the middle. You were the number
one recipient of money from Goldman Sachs in 2011 to 2012 for all sitting
congressmen. JPMorgan was your number two corporate donor over the last
five years. What I deeply want to know is, what do you have to do for that?
What is required of you for that money? Because it makes me uncomfortable."

Later, he says:

"The thing that concerns me is the money and the politics thing, because
it's chicken and egg. Are there opinions that you have on Wall Street, do
you get the money because you already have those opinions, or do you need
those opinions to get the money?"

She deflected both questions deftly, like the skilled politician and former
high-powered securities lawyer that she is, pivoting to her support of
public financing for US elections. She also mentioned, appropriately, that
she represents New York, the implication being that it is not unusual that
she would get donations from major interests in her state.

In the third segment, on the web (see:
http://www.thedailyshow.com/extended-interviews), Oliver continued,
mentioning that she took $86,000 from Goldman Sachs, then asking "Is there
anything we can do to have you not take that money?"

He mentions that it might be easy to ask these kinds of questions of
politicians that he does not like, but that he really does like her, and
wanted to understand why someone like her is taking so much money in ways
that are clearly not illegal, but undermine the integrity and confidence
the public can have in the political process.

He also asked her about a letter she wrote in early 2012 to the leaders of
five regulatory agencies (see
http://dealbook.nytimes.com/2012/01/26/gillibrand-enters-volcker-rule-fray/?_r=0)
about the "Volker Rule", in which she seems to be opposed to it, or at
least to specifications that would allow it to be enforced rigorously (The
Volker Rule is part of Dood-Frank, and bans proprietary trading by
commercial banks).

The part about the letter illustrates why it is hard to get into the
substance of complex issues like this in any short form television
interview. Oliver stumbled a bit when he summarized her position as being
against the Volker Rule, which allowed her to say that no, she was in favor
of it. In fact, she did vote for Dodd-Frank, and she did support the Volker
Rule, but the question is, is she also trying to get the details of its
enforcement provisions to be written in a way that are as loose and
sympathetic to the interests of Wall Street as possible? The questions
Oliver was trying to get her to answer basically these:

1a: Is she trying to water down Wall Street regulations like the Volker
Rule because she has taken so much money from Wall Street, or

1b: Does Wall Street give her so much money because they know she genuinely
believes in watering down regulations of their activity?

2. Even if the answer is 1b, wouldn't congress be more ethical, less sleazy
and inspire more confidence if representatives refused to take so much
money from the large interests they regulate?

Like Oliver and Stewart, I generally do like Gillibrand. But if you don't
ask these tough questions of people you like, you can't really ask them of
people you do not like with much integrity. Also, Gillibrand is not really
the kind of soft-hearted do-gooder she sometimes appears to be in the
national media (I don't know what her NY persona is). She was a partner in
David Boise's Law Firm, and represented among others Phillip Morris. That
does not make her a bad person (if I had legal problems, and a shit load of
money, I would want David Boise to be my lawyer) but it does make her a
very, very hard assed, high powered attorney.

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