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The pursuing is the transcript of the interrogation with Bank of America CEO Brian Moynihan that aired connected "Face the Nation with Margaret Brennan" connected Dec. 21, 2025. Editor's note: This interrogation was filmed connected Dec. 17, 2025.
MARGARET BRENNAN: Well, convey you for making time.
BANK OF AMERICA CEO BRIAN MOYNIHAN: It's large to beryllium here. Good to spot you again.
MARGARET BRENNAN: I privation to speech to you astir the authorities of the economy, due to the fact that our CBS polling is showing that the astir Americans asked this question accidental their vacation items are hard to afford.
MOYNIHAN: Yeah.
MARGARET BRENNAN: They're pulling backmost due to the fact that incomes are not keeping up with inflation. But it's a precise antithetic story. When you look astatine the precocious income brackets, I cognize you spot information of existent transactions. Are radical doing what they archer america they're doing?
BRIAN MOYNIHAN
So- truthful we not lone spot it successful the aggregate, we besides spot it successful pieces. And truthful if you look successful the aggregate, the magnitude spent done the Thanksgiving weekend, connected you know, Black Friday and Cyber Monday done each the period of November and the archetypal portion of December, it's- it's up four- 4 and a quarter, 4 and a fractional percent versus past year's November. And truthful it's growing. And past if you look by terciles, 3 buckets of income levels, it's wide the radical successful the bottommost income level, astatine little income levels are spending a small faster maturation rate, but inactive increasing and successful the mediate and precocious faster. So, you know, what they're telling you is, what they feel, what they're really seeing, is spending is truly solid, reasonably coagulated heading into the extremity of the year, and it's been benignant of going on similar that each of December. Now, wages person grown, but ostentation bothers people. Jobs are you know, the unemployment rate's precise low, but it's been rising. So there's a batch of treatment successful there. At the extremity of day, radical are spending they person bully recognition quality. They are employed, and wait- we tin spot wages increasing successful arsenic people's paychecks travel successful astatine a 3% clip. So it's a- it's beauteous coagulated close now.
CATHERINE RUSSELL
Is that still, though stilted towards the precocious income brackets? Is it that K shaped system immoderate radical speech about--
BRIAN MOYNIHAN Our squad puts the- looks astatine this. Yes, it the maturation complaint quality is higher, but each of- each the third, a third, a third, each 3 thirds are growing.
MARGARET BRENNAN: And you deliberation that volition continue?
BRIAN MOYNIHAN: That's been continuous. And truthful that's the question. They turn astatine antithetic rates, but they're each growing, which each means they're putting much wealth successful the system than they did this clip past year.
MARGARET BRENNAN: Why bash you deliberation radical person sentiment that's debased but spending that's higher?
BRIAN MOYNIHAN
It's- you perceive astir it, you've talked astir it. It's this question of affordability and prices and trying to fig retired however that- due to the fact that we had a very, a precise unusual process from 20 done now, we had COVID lockdown, past we had each the stimulus, and we had precocious inflation, and past we had wages caught up to it. And if you gully a enactment and say, Here's wages and here's spending and here's terms growth, it's- they enactment successful sync crossed a agelong play of time, but they went astatine antithetic times, and truthful they saw the ostentation and 20 and 23 and 24 that that was connected their minds, and they privation to spot it subsist, and it'll instrumentality a small portion to subsist. But arsenic you spell into 26 having travel done 25 the incremental deed of that would beryllium lower. And adjacent erstwhile the Fed looks astatine they deliberation ostentation keeps moving its mode down. But it's- it's what radical feel, and you can't discount that. And it's besides astatine definite occupation categories and stuff, there's been much dislocation, and that's owed to immoderate of the authorities downsizing and immoderate of the different things going on. But, but it's, it's not wide astatine four, you know, 4.6% unemployment successful the past fig they publish, that's inactive successful the- successful our concern careers, is really a precise debased unemployment rate, frankly,
MARGARET BRENNAN And what bash you spot past arsenic the biggest hazard to the economy?
BRIAN MOYNIHAN Well, erstwhile you look retired ahead, it's, it's it's the question wars is different happening that could truly shingle up the markets. But the existent question is- is- volition the user support spending successful the US? We person the US system increasing astir 2.4% adjacent year. We person in- but that's babelike upon a user that stays engaged. If the user becomes little engaged arsenic we determination into 20- from 25 into 26 and slows down their spending. That's going to dilatory down the economy. So that's a risk. You conscionable don't spot it anyplace now. The 2nd hazard is wars and different things that could spell connected that could make shocks to the market. And you know, past there's the accustomed things, cyber events and things similar that. But the existent hazard is, volition the Americans, if the companies of America employment radical and wage them a small spot more, they volition walk an system successful the US volition beryllium fine, and past you person these investments successful the stimulus from the uh, the taxation act, you person the stimulus from immoderate of the investments coming successful that are support kicking in. And that's wherefore our squad went from 1 and a fractional percent, astir apt 4 months ago, to 2 and a fractional percent, 2.4% for 26 now, yeah.
MARGARET BRENNAN 4:32 : Okay, truthful successful the past year, commercialized and tariffs, determination were a batch of shocks to the system. It was a large concern, but Bank of America present projects President Trump's strategy is 1 of de escalation, not escalation. Does that mean you spot this commercialized warfare with China cooling off?
BRIAN MOYNIHAN 5:00
Well, I think- if you spell backmost to wherever we were successful April, determination was a batch of deficiency of knowing astir wherever this would extremity up, and that affected tiny businesses--
MARGARET BRENNAN: There was shock--
MOYNIHAN: --and mean size businesses--
MARGARET BRENNAN: There was shock.
MOYNIHAN: They were shocked.
MARGARET BRENNAN: There was daze connected liberation day.
MOYNIHAN: The sheer size, the volume, the dollars, crossed the board, et cetera. What you accidental now, arsenic times moved on, it's benignant of a 15% connected 1 side, and past a higher fig based connected radical who won't perpetrate to acquisition from the US, oregon won't perpetrate to lowering their non tariff barriers and things similar that. And truthful the question, erstwhile I speech to overseas governments and they inquire you the question astir what's this each mean--or overseas CEOs--you say, look, you got a choice. You tin beryllium present oregon beryllium here. You conscionable person to marque the choice. You're going to be- thrust much towards America, and you volition travel down to 15% to spell from a 10% crossed the board, to 15% for the wide basal of countries, not a immense impact. And that's wherever our squad says it's starting to- it's starting to de escalate, and that you're starting to spot the solution of the discussions into 15% present 17 antithetic numbers. When you enactment China, China's a antithetic question, due to the fact that the nationalist information interests, the uncommon world minerals, the magnets, batteries, conscionable AI, each that stuff. It's a precise antithetic case. And I deliberation besides betwixt Mexico and China, the USMCA, which has to beryllium redone, is besides a antithetic case. But broadly successful the world, you tin spot benignant of the extremity constituent present and present they've conscionable got to (INAUDIBLE)- it's got to enactment done the system.
MARGARET BRENNAN 6:18 How overmuch of a toll has that taken connected tiny businesses? I recognize B of A is the largest tiny concern lender.
BRIAN MOYNIHAN 6:24 So we're the largest tiny concern lender. If we were sitting present successful the 2nd 4th of this year, it was a large toll. They were very- due to the fact that rates person gone up, and that costs them much wealth due to the fact that they get connected revolving lines of credit. In different words, they get a floating rate, and past the tariffs came successful and caused them I'm not definite I tin get the goods astatine what terms and however tin I commit? But arsenic you went done the year, rates came down a small bit, truthful they're much their contented close present is, tin I get the labour I request to do, to bid the contracts, to bash the enactment I'm doing? Because the migration policies haven't settled successful yet, and that's causing radical concern. It's not that they hold with them oregon are disagreeing. They conscionable request to person the answer, and that's what they're looking for. So if you deliberation crossed 4 argumentation regimes, tax-trade-tariff, immigration, and past ultimately, deregulation. You've seen a solution of a batch of them, but I deliberation the adjacent 1 for tiny business, what they archer america is labour availability. How they get determination is, I request radical to bash this work, and I request to beryllium dependable. They're here. So springiness maine a acceptable of rules and I'll spell play with them. But I request to beryllium clarified what the rules are.
MARGARET BRENNAN 7:20 The labour scarcity issue, radical conscionable can't find folks--
BRIAN MOYNIHAN 7:23 The- dependability and radical who are astir apt not thing to bash with what the policies are astir feel- consciousness differently, and that's if they don't consciousness they tin spell to work, if they don't consciousness they tin bash things that that conscionable has to resolve. And tiny businesses are mostly astir impacted due to the fact that they don't person our fantastic probe squad to fig it each retired and speech and speech to the large clients who person different teams to bash it, and that's trickier. So I think, and by the way, the medication understands that they're moving connected it, they're trying to fig retired however to get that portion enactment unneurotic truthful it's wide what the policies volition beryllium and won't be, truthful that, oregon aren't, or, much importantly, aren't, truly what the radical that the sick settled down, but that that contented of labour was a 23 contented aft the large resignation disappeared from small, mean sized businesses came backmost successful virtually due to the fact that of where, wherever we are from this summertime on.
MARGARET BRENNAN: One of the different large factors, it seems successful the jobs market, is this question of artificial intelligence. How overmuch is B of A relying connected AI to bash things similar foretell indebtedness defaults oregon place risks?
BRIAN MOYNIHAN: Well, truthful I deliberation the mode that the user would consciousness AI astatine Bank of America is Erica. So if you spell connected our mobile app- you there's a bot there. It's an agent. It's been determination for galore years. It does 2 cardinal lawsuit interfaces a day. So it's not small. 20 cardinal customers actively usage it. It tin reply 700 questions. So that's existent and been going on. And truthful that's the mode a lawsuit would consciousness it. If you're a firm customer, you'd consciousness with Erica's embed successful our currency pro- truthful your portal you spell to arsenic a institution to marque payments oregon FX transactions, and you privation to inquire questions, Erica is there. So that's- that you're asking astir thing different. We person utilized models for years astir predicting defaults. So we bash accent testing. Those are each models to foretell the outcome. We person nonaccomplishment fixed defaults, default predictions. That's each there. Can these assistance america marque america much informed? Yes, tin they assistance antithetic types of employees run faster? Absolutely. So we're deploying crossed each our teammates AI, person entree to AI tools. The- determination are specialized AI tools successful definite areas, but we deliberation the highest champion usage adjacent word is either discrete process exertion oregon successful helping america physique intelligent to precocious levels. But to interface to a customer, you person to person your information right. You person to person the controls right, due to the fact that you can't springiness the lawsuit the incorrect answer, whether it's, I'm going to o.k. your indebtedness oregon not, and that's wherefore this volition beryllium a little- instrumentality a small much attraction to instrumentality successful lawsuit facing concern with trust, which is what fiscal services is.
MARGARET BRENNAN: Well, I inquire it due to the fact that there's that question of however galore quality jobs get replaced, right? And erstwhile you look astatine that caller Business Roundtable Survey of CEOs, they foretell that portion determination is spending connected exertion and AI, they're not looking astatine hiring going up. They spot it really reducing.
BRIAN MOYNIHAN: So, truthful there's a mates things that is what's connected people's minds, and that's erstwhile we speech to our teammates. We're saying, Hey, we're going to bring AI and marque it much efficient, and past we got to nutrient much activity. And you don't person to worry. If you seizure AI and usage it successful your time to time work, that's a large thing. And truthful it's not a menace to their jobs. But connected the different hand, I deliberation radical are present assuming they're going to get benefits, and we'll spot if they get those benefits. But you know, if you deliberation from 1969 to 2019, it was 50 years, a batch of exertion came successful America employs doubly arsenic galore radical successful 2019 arsenic we did successful 1969. So volition this upwind up? I don't know, and cipher truly knows for sure, due to the fact that we haven't ever had it. But connected the different hand, there's a capableness successful our company. The commercialized bankers are calling connected commercialized customers. If they get 10% much efficient, we whitethorn not adhd a batch to grow, but doesn't mean we're gonna instrumentality distant and get the efficiency- we privation to grow. We privation to thrust much growth. So the AI volition beryllium spent- the efficiencies from AI volition beryllium spent to support increasing the company, I think.
MARGARET BRENNAN: So, it's a occupation for the caller assemblage grad, but it's not needfully a layoff that you're making, essentially.
BRIAN MOYNIHAN: Yeah, well, we conscionable hired 2000 positive caller assemblage grads successful July, truthful it's- we didn't alteration the size of class- my proposal to those kids, if you inquire them if they're disquieted about, they accidental they're disquieted about- these are kids that we hire, 200,000 applications, we prosecute 2000 people. They came into our company. If you inquire them, if they're scared, they accidental they are. And I recognize that. But I- says, harness it, and you shouldn't. It'll beryllium your satellite up of you.
MARGARET BRENNAN: Let maine inquire you astir the owe business. You've got a large one. The Fed says enactment successful the lodging assemblage is weak. What bash you spot is down that hesitation?
BRIAN MOYNIHAN: There are 2 parts to it. One is the complaint operation is higher, truthful it's conscionable slowed down the activity. So if radical are going to merchantability a location to determination up to a bigger location oregon something, the outgo of indebtedness is going to spell up. So that's slowing down that activity. The 2nd is building. And there's lodging measurement shortages each implicit the country. Some single- you could person azygous family, multi tiny multi level units, things similar that. Or adjacent more, bigger multi family, large cities, but there's a cosmopolitan lodging shortage, due to the fact that for truthful galore years it's been hard to get lodging permitted, and truthful the proposal I springiness to anybody is you're astir apt not going to spot the 10 twelvemonth rates spell down. Our teammates deliberation the Fed funds complaint gets the debased of 3 and but the tenure complaint stays betwixt 4 and 4 and a half, which means the owe complaint won't beryllium a batch antithetic than this today, but if you summation supply, you'll support prices flat, and wages volition turn done it. And you're starting to spot prices person flattened retired successful galore places. So you got to physique supply, and you got to get permitting done, and you got to bash that is astir apt the solution. Moving owe rates 50 ground points volition not beryllium a immense change. When you person a clump of radical 3% owe rates, that's not going to beryllium changed. And by the way, for the American economy, we bash not privation to person an system that has to person that debased complaint operation again, due to the fact that that means we're not growing, we're not successful, and we're astir apt offsetting a recession. So we shouldn't beryllium cheering for 3% owe rates. It was an anomaly that happened, and present we got to get backmost to normal.
MARGARET BRENNAN: Well, you bash perceive the medication speech astir rates coming down is simply a bully thing? You're conscionable saying it's not a simple, speedy fix.
BRIAN MOYNIHAN: Well, for the lodging market, due to the fact that there's 60 million- there's 130 unusual cardinal households successful America, fractional of them don't person a mortgage. This is this full fastener successful question is not adjacent a applicable question. They rent, and truthful you got to bring- rental affordability is simply a question. Or they ain outright, and that's a antithetic question. They inherit a house, you know, 3rd generation, oregon thing similar that. So it's a precise analyzable thing, but simplistic- simplistically, if owe rates travel down, radical tin wage more. The world is, if prices travel down, radical person much affordability connected that side. So I deliberation it works itself through. But we had a precise antithetic complaint situation for a batch of years, and that's- that's hard for radical to deliberation about, due to the fact that radical nether the property of 40, 2,3, 4, no, were not retired moving successful an situation wherever we had a 3% Fed funds rate, which is much the norm than not.
MARGARET BRENNAN: So fto maine inquire you astir Fannie and Freddie. Taxpayers took a involvement during the fiscal situation successful these owe lenders. The Treasury Secretary said that they are expected to instrumentality to the nationalist marketplace successful the adjacent year, with the authorities selling a information of that stake. Does Bank of America person a relation successful that transaction? But- but for consumers, is that really going to propulsion up the outgo of owning a home?
BRIAN MOYNIHAN: I don't speech astir lawsuit relationships, but look, it won't if they support the guarantee. And- and the medication knows that, Secretary Bessent knows it that warrant helps support that owe complaint down, but besides provides a 30 twelvemonth mortgage. Because now, erstwhile you marque a owe indebtedness without a authorities warrant for a borrower who whitethorn beryllium connected the qualification levels, determination are much advantageous to borrow. You're making a determination for the adjacent 30 years that the borrower is going to beryllium okay, oregon a batch of years. So that warrant is captious to U.S. getting fixed complaint mortgages and having a batch of owe availability, and past they've tally the things beauteous liable since fiscal crisis. Down payments person stayed substantial. So the recognition prime of existent portfolios is beauteous good. And they can't suffer that, due to the fact that that was the reason. One of the reasons wherefore we had the fiscal situation was the debased down payments and tons of owe loans with zero equity successful them. And arsenic soon arsenic prices connected houses came down, the full happening exploded, and each America was affected. So I deliberation they're precise mindful each that, and I think- but they're captious of the U.S. lodging system. They ever person been. They're a large company. They're a iconic institution for the U.S., frankly, present to enactment them unneurotic and are moving well.
MARGARET BRENNAN: So the president has announced that helium wants each these sweeping changes to the Federal Reserve. Chair Powell is acceptable to discontinue from the occupation successful May. For idiosyncratic astatine home, however overmuch does that occupation substance to the consumer. How bash you explicate that?
BRIAN MOYNIHAN: Well, it's 1 of the absorbing things. So the President's going to name a caller seat of the Federal Reserve. Presidents throughout- since the Federal Reserve, 100 positive years ago, was founded, person done that, it's not new. He's got large candidates. He'll name somebody, and we'll assistance that campaigner get the accusation to beryllium successful, and truthful we'll spot what helium does. But that's his prerogative. You know, that's helium should bash it. There's- my mind, there's excessively overmuch fascination with the Fed. We're not- we're a country- we're a state that's driven by the backstage sector, by what radical do, and successful the businesses and the companies, tiny companies and ample companies, mean sized companies, and entrepreneurs and doctors and lawyer- each these radical thrust our economy. The thought that we are similar hanging connected the thread by the Fed moving rates 25 ground points, it seems to maine we've gotten retired of whack. And truthful we got to get- since the fiscal crisis, the Fed had a large relation successful stabilizing the economy. That's what they're expected to do. That went distant fig of years ago. It came backmost a small spot successful COVID. They're a lender of past resort. They're determination to stabilize markets and price- but different nett you shouldn't cognize they beryllium rather frankly--
MARGARET BRENNAN: --So you don't interest astir each this, you know, handwringing of governmental interference with the Fed, erstwhile that caller presumption is--
BRIAN MOYNIHAN: --The marketplace is a- volition punish radical if we don't person an autarkic Fed. And everybody knows that.
MARGARET BRENNAN: Let maine inquire you astir Trump accounts. They're trying to physique generational wealth. The medication says by having these affluent donors, authorities governments, employers enactment wealth successful these taxation vantage accounts for kids arsenic an summation to the national authorities putting immoderate wealth into immoderate of them, are you going to person a relation successful that program? And what bash you deliberation much broadly astir expanding the fig of radical putting wealth successful the banal market, successful these scale funds.
BRIAN MOYNIHAN: So I deliberation fig one, if- astatine our institution starting 2017 we- aft the taxation enactment from that year, a batch of companies gave their employees $1,000 bonus. We started doing thing other the adjacent year, which we kept going and I've gone since. So our 200,000 positive employees each twelvemonth get an grant of banal crossed the full board, and that's built up to beryllium s--
MARGARET BRENNAN: --Many corporations bash that, restricted stock.
BRIAN MOYNIHAN: Yeah, but it's gone connected for now. A batch of them did it once, didn't bash it, but precise fewer person done it that much. And that's similar $6 cardinal of banal person gone into those employees. And truthful I judge successful banal ownership by everybody. I judge successful holding that banal and appreciating. And truthful we judge successful that, we person a 401k, that radical tin invest, we person 7% lucifer and each that stuff. These accounts, I think, are besides good. The question is, you know, the parents person to marque the contributions, and the authorities volition enactment immoderate wealth in, but the broader products disposable for parents, it'll beryllium bully to save. But I deliberation we shouldn't- we should bash this, but we besides person to retrieve fiscal education. Because if you tin get an acquisition generally, successful skills training, due to the fact that if idiosyncratic could gain $10,000 much a twelvemonth than they'd different earn, oregon they tin equilibrium their fund and beryllium currency travel affirmative to $10,000. That goes connected for their, you know, from their archetypal job, 21,18, each the mode done 65 that is simply a batch of money. Where this for 18 years, volition beryllium a batch of money, but it'll be- it'll halt wherever that volition spell connected forever. So we request this benignant of work. And I exposure the equity markets underinvesting successful America and each those things, precise debased outgo wherever the scale funds doesn- it had ground points wherever they were saying that's each the close mode to bash it. By the way, it was backmost to privatization, Social Security successful those days and that stuff.
MARGARET BRENNAN: Is this fundamentally a mode to bash that? I mean, each babe abruptly has a banal marketplace investment.
BRIAN MOYNIHAN: It'll- I mean, we'll person to see. You and I won't beryllium astir 50 years, 60 years from now, possibly you volition be, I won't beryllium astir 60 years from present to deliberation astir it. But it- you know- it'll, it'll bash that. But equity concern by radical holding that and having person to clasp it truthful they can't churn it and merchantability it. And that's, that's a bully thing. So I deliberation it's a large product. I deliberation it's fantastic that radical are stepping up and contributing to it. We each person to deliberation astir an employer, due to the fact that we person that banal program, which is respective 1000 dollars to employees. And, you know, we person our 401k match. And if we bash this, however does that work? And worldly similar that. But- and if you bash it for kids, what bash you bash for the remainder of people? You person this question that not everybody successful our institution has kids. And truthful if I enactment the lucifer successful for- if I enactment the wealth for radical with kids, what I bash with radical without kids? So there's a small much complex, but it's a bully thing, and I deliberation we'll fig retired however to enactment and marque it happen.
MARGARET BRENNAN: So backmost successful August, erstwhile we spoke, you talked astir these allegations of banks playing authorities and discriminating against conservatives. You pushed backmost beauteous hard successful that moment. But earlier this month, the Trump medication released preliminary findings astir banks, including Bank of America. It's a six leafage report. There's notation to your biology and sustainability-related decisions that were made during the Biden administration. Do you consciousness you person to undo these? Have you undone them?
BRIAN MOYNIHAN: A batch of them person been- person been undone oregon made much precise due to the fact that the mentation wasn't really what went on. So if you work the website, you could say, oh, they're doing this. And the world was that's not what was going- ne'er was intended. And truthful we don't debank anybody for spiritual oregon governmental reasons. We made the policies wide truthful radical could spot it. We invited each the input from the banking regulators and others. And we'll, we'll look astatine anybody who, who feels we- judge me, they- radical person thought they were closed for reasons that they couldn't understand. We've looked astatine that probably, you know, due to the fact that customers tin travel to our institution and say, 'you've closed my account, why?' And we tin archer them. But I deliberation radical are forgetting the crushed wherefore a batch of this went connected was reputational hazard was an appraisal process that went on, and it was real. And, and judge me, you know, radical would work the insubstantial and said, you know, Jane Smith, John Smith, you're doing concern with them. They did thing wrong. You indispensable beryllium a neglect arsenic a company, and truthful we're going to constitute you up.
MARGARET BRENNAN: That was during the Biden medication that benignant of--
BRIAN MOYNIHAN: --even–
MARGARET BRENNAN: --social unit you're saying--
BRIAN MOYNIHAN: --20 years ago--
MARGARET BRENNAN: 20 years ago, okay--
BRIAN MOYNIHAN: It's been going connected for a agelong time. It conscionable kept gathering up, and past it's and past the 2nd happening is that, that for AML and KYC issues, we had to adjacent accounts. And truthful the level of a transaction was acceptable successful 1972 astatine 10,000 and you person 2 things, if it goes supra that, you person to determination it down, if it goes aggregate ones adjacent to that. That hasn't been changed since 1972. That fig would beryllium 80,000 today, truthful what we thought was worldly then--
MARGARET BRENNAN: --in presumption of, like, suspicious transactions.
BRIAN MOYNIHAN: Yeah, and truthful and so. There's a batch of overwork present that we're trying to- if they get those regulations right, that volition beryllium precise helpful. So there's benignant of the ESG broadside of it, those things I deliberation a batch of america fixed to marque definite they're based connected hazard and existent facts and stuff. Because this was going connected acold earlier the caller medication came in, frankly, successful states and different places. There is the question of getting the AML, KYC missive and past the estimation risk, which to the recognition of the existent national bankers, they've taken that disconnected the table.
MARGARET BRENNAN: due to the fact that determination truly aren't that galore points of statement these days betwixt Wall Street and the White House. But this contented the president himself truly dug into and helium said that Bank of America declined to unfastened caller accounts for him and his household aft his archetypal word successful office. Do you deliberation you've patched things up? I mean, it's- bash you cognize what he's talking about?
BRIAN MOYNIHAN: We- I wouldn't speech astir lawsuit relationships with anybody, but we--
MARGARET BRENNAN: He said it connected television, astir you.
BRIAN MOYNIHAN: I cognize that. People- if I had a nickel for everything everybody said astir maine connected tv it- you know, I'd beryllium rich. So astatine the extremity of day, we slope everybody. We person 125,000 spiritual organizations. We person 70 cardinal consumers. We person tens of thou- we person the biggest tiny concern lender successful the state play and stop. You know? And so, you know, the thought that we flip radical out, it's, it's conscionable not true. So I won't get into an idiosyncratic lawsuit and their, and their points of view. But look, immoderate of these policies, we were pushed to places that we've been capable to bring backmost to the halfway and America ought to consciousness bully astir that.
MARGARET BRENNAN: And you deliberation the things are copacetic now. You enactment this down you with the White House?
BRIAN MOYNIHAN: Yes.
MARGARET BRENNAN: Okay, I'm getting a wrapper implicit present connected time. So convey you for making clip for us.
BRIAN MOYNIHAN: Happy Holidays, convey you.
MARGARET BRENNAN: Happy Holidays to you.
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