tv MONEY With Melissa Francis FOX Business August 29, 2013 12:00am-1:01am EDT
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we speak. guys, i want to thank you all very, very much, we'll see how it works out tomorrow. in the meant, eastern. economist expect 2.2%. david: i want bacon wrap for christmas. melissa: i'm melissa francis. here is what is money tonight. the world braces for an attack against syria. soaring oil prices, the global economic fallout, we're leaving no stone unturned. plus michelle obama's healthy lunch program getting tossed from schools. can you believe it? kids don't like healthy food. who knew. one. superintendents throwing the program out joins us exclusively. the competition is getting beaten down left and right but they're still managing to come out golden. stay tuned to find out who it is. even when they say it is not it is always about "money."
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melissa: the right off the bat tonight, syria from every angle. syria along with other nations is on the verge after military strike. it is a response to the syrian government killing at least a thousasand of its own civilians with chemical weapons investment full coverage on the impact here at home and potentially crippling effects across the globes to the markets and economy. fox news's leland vittert. we have the founder and president of american islamic forum for democracy. jonathan hoenig, with us, hedge fund manage eper and fox news contributor. we have an oil analyst and "wall street journal's" james freeman on emerging markets. that is quite a group. get started on the ground in the middle east with leland vittert. he is in jerusalem with the latest information. what is the latest? >> reporter: war drums continue to beat louder and loer by the hour here in the middle east often before the real war, we
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have a warf words. that is exactly what is going on as the syrians are now saying that tel aviv of the major israeli citiesill burn if they are attacked and iranians who are the main backers of the syrians are also saying israel will pay a dear price if syria's attack by the united states. at this point you really have to look at syria's ability to counter strike, especially long-range missiles which they have a lot of, including scud missiles. they obviously have a chemical weapons capability that must be taken into account. they have antiship missiles that can be launched against many ships in the mediterranean sea and possibly the u.s. he fleet if it gets close enough and formidable air defense measures they have deployed and on ready alert in syria. around the middle east, militaries are on alert. turkish military is on alert. here in israel they have deployed patriot anti-aircraft and anti-missile system the aero anti-missile system and iron dome missile defense system.
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in addition, israel is calling members. air force reserve and members of the intelligence corps from the reserve forces getting ready in case they need to react. not quite panic on the streets of israel but certainly grave concerns as thousands of israelis are lining up at gas mask distribution centers in case that response by president assad would includehemical weapons. every israeli is entitled to a gas mask, government issued, not everyone has one and obviously they are trying to get one before it is too late. prime minister netanyahu here in israel said the israelis would like to stay out of the syrian civil war and promised to respond, quote, fiercely in the event israel is attacked. last issue, melissa, really a timing problem that gotten to happen here. the more the u.s. talks the more fearere in israel is that the syrians are going to be able to move a lot of their advanced weaponry away from bases already on the target list and lastly, the more everyone talks, the more likely the syrians or
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iranians are to make som threat, some type of rhetoric eventually someone will decide they have to deliver on those promises of retaliation rather than taking their licks and moving on. melissa, back to you. melissa: those are all great points. leland, thank you so much. i wand to go to zudi who has family in syria. it could have seve backlash. we were hearing that. have you talked to your family? how are they doing? >> they continue to be horrified. they sleep hearing missiles fly-over head, gunfire and hello copters. this is not only family in damascus but those in aleppo. our friends continue to hear the same thing. i can tell you, melissa, last few days it is increasing on the grou, because "wall street journal" call lights lips discussion what we're going to do. assad knows it might be the last chance. if he can put this away in the next few days and get the rebels to be quiet and go away, which they will not do.
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i things are increasings on the ground there and our families, they don't know whether to sleep with the windows open or closed because some women and children died because their windows in the heat were open. melissa: what about that we heard in the report before you, this idea we're talking and talking about what we're going to do and when we'll do it. does that make the situation more precarious? >> it does. melissa: i don't get it. >> i understand wars fought ahead of time in trajectory. if we do am about the administration is doing it to say we did something and we delineate ad red line f we're going into syria, syria is no libia. assad is no qaddafi. they are the north korea of the middle east, if we go in there it has to be all in. we have to knock out entire senior military structure and senior generals and senior military and runways and provide arms t the rebels we haven't
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done yet. our families say they need the help or they will continue to die. it has to be done right if it will end soon rather than drag it on even more so. melissa: is that what you think should happen? would that be the right action for the u.s.? >> it really would. right now doing nothing is emboldening iran. this language you'reearing against israel is the same old language they're usin now whether we do something or not. emboldened iran and a country using weapons of mass destruction will not be afraid to use nuclear weapons and ramp up their own nuclear program. it is in american interests to defeat and destroy the assad regime no different than it is in the humanitarian interests of all of our families on the ground there in syria. melissa: zudi, thanks very much. our thoughts and prayers are with your family. >> thank you, melissa. appreciate it. melissa: what it means for your money, after all that is the name of this show. after a two-day losing streak the dow was up 4points. what is the impact of syrian conflict on markets? jonathan hoenig with capitalist
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pig.com. if you look at markets the past couple days. they seem nervous and jittery. looks like we're in wait and see mode. >> indeed, melissa, we got some of yesterday's precipitous loss back for the dow. as you said it's a rough couple of days and weeks for the market. interesting, the market is following pattern we saw in the first two gulf wars, weakness prior to the conflict. once the conflict actually broke out, there was more and more indication it is would be strong and short and contained, you actually started to see stocks rally. so, the whole question here, is this going to end up more like the first two gulf wars which were with a purpose which were very contained and very quickly won or more like the 1973 war or the suez canal war, longer wars and much more tough on markets as well. melissa: what do you do? how do you set yourself up for the situation? i herd people talking today. i was so glad i took advantage of the dip yesterday. i don't know if tt's a safe bet though? >> volatility, you have to get used to it, in this type of
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environment, melissa. really a question of what happens in terms of escalation. perhaps more, fighting in the middle east. there is really no way to look at it from economic perspective. you have to almost look at it from a political perspective. i think from an investor's perspective you have to hesitate and not make those all or none decisions. now more than ever, i don't think you want to use one day's headline to go all-in or all-out of stocks. melissa: seems like a better bet to hold steady rather than doing a play where you go into the safety plays, you dive into gold and dive into commodities. >> yeah. i mean it kind of goes to that point we always talk about, hopefully being diversified. even as stocks weakened last couple days, gold is extremely strong, back over $1400 an ounce. even bond which we've seen a lot of investors veering away from, they have rallied. now more than ever with all the political uncertainty in the middle east, you need to make sure you spread your investments around and don't bet the farm on any one asset. melissa: jonathan hoenig, thanks so much.
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>> thank you. melissa: of course oil also at the forefront of everyone's mind right now. oil production here at home, it is almost a 24-year high. yet prices are skyrocketing, hitting their highest level in more than two years, today, as a result of what is going on in syria. are we insulated after all that fracking? i want to bring in a oil analyst from stansbury and associates research firm. let me get your bet. how high do you think oil goes as a result of what's going on? >> hi, melissa, no, i think we're pretty close to the top. i don't see this, i don't see this sending oil prices to $140 a barrel. i think it is going to come down before it goes up. melissa: come down from here? because, you know, there are folks i was talking to today, making a lot of phone calls saying they think oil could go to 115, 117 if we see more than a one-day conflict. if it isn't in and out that's where we would go. what do you think? >> i think that would be as high
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as i could see it going right now. i mean we saw something similar in the first gulf war. it was the run-up. it was anticipation of wt was going to happen and then once we got a fl for the scope of the conflict, oil prices came straight back down. the whole spike in oil prices lasted at most, eight months back then. and i think that really the story about, the story for oil prices has been egypt. i mean we've been watching egypt. it is very significant to the price of oil. it is what is driving the fear premium. and, so i don't see the syria conflict as really, just a little bit extra and i don't see it as an important as egypt. melissa: but there are a lot of people wondering why is there a fear premium in oil at all if we have a production at 22, 24-year high for the first time since 1995 we'll produce more oil than we're importing? why aren't we totally insulated from wh is goin on?
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>> the oil market, it's a global market but you're absolutely right. fundamtals don't support oil prices as high as they are today and really what is critical about the middle east is the suez canal. it's the straits of hormuz. the ability to get oil from the middle east to demand in china. that's what's really important. so even though we are, we're at half of net export, net imports in the u.s. from 2006. we, we've cut almost 7 million barrels a day from our imports. melissa: yeah. >> that's about half of what the european union uses in a day. so, you would think that we would be insulated -- >> i want to ask you real quick before y go because i want to bring at home for viewers, we care about gas prices. >> yeah. melissa: we're lurk can i the fact it is almost labor day. we see demand taper off next ek. that will help buffer what we might see but do you see prices at the pump going higher as a result of rally in crude oil?
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how much higher do you think they could go? >> i mean we saw about $4 a gallon in 2012. i would, i would say that if oil prices spiked in the short term we might see that again. like you said i think we're tapering off the demand period. see gas prices following oil prices in the short term. melissa: matt, thanks very much. >> thank you. melissa: emerging markets are taking a hit for the sond straight day. asia, turkey and beyond. james freeman is with the "wall street journal." let's talk about currencies a little bit. currencies taking a beating. why? >> there is never a good time for war obviously but this is a particularly tough time for emerging markets where their currencies have been dropping since may, really with signals that the federal reserve here in the united states is going to start tapering, going to start coming back from their monetary adventure. better rates from home. money is come being bang from
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the emerging markets. those markets have had slow growth. these are coming off a lost factors beating up india and a lot of asian economies. melissa: that is particularly bad news because you're talking about other factors hurting their currencies and markets but at the same time we see oil prices going up. even if they don't go that high in the u.s., brent crude we're seeing rising even higher. there are a the lot of things going on. >> there is a bad mood. some oil exporters are not doing well because people think growth is slowing down. this is going to reduce demand even further. russia, you know, you think normally rallies when oil is going up. so it's not a good time for markets and basically the pessimism about growth and this war fear thrown on top of it. melissa: seems like it could be of the thing th unhinges this bit of a recovery we're having or is that too serious, too dramatic? >> well it's a concern. we had this horrible first six months of the year here in the united states, maybe not
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horrible but not what we're hoping. we're saying oh, no, the second half, things will get better. now you add this, it is hard to be an optimist about global growth. melissa: is it over in day or two will you change your mind about that. >> it will not be over in a day or two it may be ove in a day or two because the president decided he sent a political message and will not be involved in the conflict anymore. this will not end in two days. either assad falls and guys we like shrug it out with al qaeda on town for town. i don't see the rebels capituting anytime soon. it may be two-day involvement if what the president decides but it is not a two-day war. melissa: that is a point lot of people are missing, i heard on some networks, it will be quick, no. the fallout afterwards, you saw leland vittert talk about what happens to israel after this. this will continue and impact markets and the like. thanks to my entire panel.
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thankor everyone coming out. that was great. next on "money", school districts nationwide dping michelle obama's healthy program. why? because kids don't like the food. what a shocker! one superintendent throwing the lunch program out joins us exclusively. plus if you need to raise money for your business, listen up, a company with an all new way to lend, poured a 125 million-dollar investment from google. the ceo is here in a fox business exclusive. do you need money? we have money coming up. you can get some. just watch. ♪
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♪ melissa: so here's a surprising story. news out today that schools across the country are actually dropping the federal healthy nch program because they're losing money on it. on school lunches. this is a program that michelle obama pushed so hard for trying to convince everyone tha kids would in fact ito few and broccoli at school. sure they would. what now? joining us exclusively on the phone is one superintendent that is throwing the program out, gary lewis, pinellas county
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schools, in illinois. superintendent lewis, thanks for joining us. tell us what is happening in your district. >> can i correct, cat lynn schools. melissa: pardon me. >> no problem. what was the question again? melissa: tell us what happened in your school district. >> we started with a regulations last year, my head cook said you need to come to the lunch room because a lost kid are throwing the food away. i walked down and noticed a lot of kids were throwing food away. we noticed our participation rate started to drop and more and more kid were bringing lunch. melissa: what exactly was in the hundred? i read a typical elementary school was whole wheat cheese pizza, bake the sweet potato fries. tomatoes, ranch dip and apple sauce and 1% milk. does that sound right? >> that is similar to what we offered last year. melissa: that doesn't sound that bad. i mean i don't know, i guess my kids were eat maybe a little, less than half of that. >> the whole wheat pizza was not a big hit with the kids. melissa: there is thinking
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though that, if kids are hungry enough they just eat what you give them and after a while they would get used to it and have a healthier diet. we have a problem with childhood obesity in this country. >> right. melissa: what do you think about those arguments? >> i can tell you like the lawn-we had today was a subsandwich with, turkey-based cold cts on wheat bread with lettuce and tomatoes. they had offering from choose fresh fruit which was either bananas, apples, oranges or freshwater mellon. they had baked chips available and packet of carrots and sellry sticks with low-fat ranch drilling that was a big hit. melissa: but you had to least program in order to serve that? that sound pretty healthy? >> the bread. the bread was the big. it h to be whole wheat or multigrain. we went with, went with just the regular wheat. so that is what make as difference to the kids. that's what they want. melissa: huh. what is the implication for you financially people leaving the program? because a lost districts say
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they can't afford to leave the program. >> we're lucky enough our numbers that we get reimbursed on are low but it will cost us $34,000. melissa: why? explain the math to me. how do you get to that? >> reimbursement from the federal government on your free and reduced kids. melissa: so they will only reimburse you if you follow the exact menu? >> correct. >> and you know, a lot of the problem, i was reading, i don't know if this is what happened in your school you have kids that aren't eating the lunch. they have two choices. they either try to go across the street if that is something thatat's allowe at your school r don't eatore. they're tired in the afternoon. they, coaches are complaining, was that your experience? >> we're, and we're a smaller community in the district of 550 kids. a lot of our kids are involved in after-school activities and portion sizes were affecting them. they were tired and hungry at the end of the day. we saw a little increase in discipline issues and some attentiveness issues. in the afternoon classes. >> so what do you think the
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solution is? because like some government programs out there, the idea behind it was really good intentions. you know, in myay the school lunch was really unhealthy. fried french fries and pizza and burgers and fruit in a can that wasn't any healthier. they're trying to get to a position where you are offering kids better options but the way they did it didn't work. what do you think is the way to get those good intentions working? >> i, our main purpose in getting out of the program was to give us more of a local say in what we wanted. i sent a survey out last spring when we had decided to ge out to our parents and of our 500 some parents, families, i probably had 250 respond with, this is what we like you serve. this is what we would like to see more of. we're using that to base our meal on. i mean, i think our parents are good parents and i trust them to tell what they want their kids to eat and we're trying to do that for them. melissa: how interesting, gary. that is the answer to almost every government problem. if you get a little more local
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control those are people that understand best the probls in their particular district. thanks for coming on. we appreciate your time. >> thank you. melissa: next on morn any, our exclusive with the ceo of the lending club on what may be the best way to raise money for your business or even yourself. he got a boatload of cash from corporate giants google and kleiner perkins. do you need money? do you have some to lend? we've got the details. plus meet chicago's new untouchables. vacant homes and buildings owned by freddie mac and fannie mae, and if they fall into disrepair the city can't do a thing about it. this could spell big trouble for your hometown. don't go away. do you ever have too much money? ♪
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♪ melissa: what do google, larry summers and john mack all have in common? they're big-time investors or on the board in the peer-to-peer lending company called lending club. if you're looking to raise money, lending club has a new way to raise money that is really taking off. you have got to be worthy though. here in a fox business exclusive, we have a founder and ceo. thanks so much for coming on. let me ask you exactly how this business works. >> lending club is really a marketplace. we have two sides. the side who are consumers looking to take a loan or refinance an existing credit card balance, and investors side with investors who are not happy with the low yield of their earnings on from the bank or on their fixed income investments
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and are interested in investing in loans and earning a higher yield. melissa: this is a very interesting business and a lot of people think so. kliner perkins is an investor. larry summers is on the board as you said. morgan stanley ceo, john mack. you're expected to provide two billion in loans this yearnd to double that in 2014. do you think that much money is going to flood into the system from investors that you can send it back out? >> we think so. we, you should real -- saw $750 million last year and and we're on track to two billion this year. so doubling from thatext year isn't really out of the ordinary compared to the last, last few quarters of activity. what is really happening now, there's a really big spread between the interest rate that many consumers are paying on their credit card on one side and paying 16 or 18% on their
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credit card balance and the low yield that most investors are earning on the fixed income investment. so we're really compressing that spread and, helping consumers refinance at the lower interest rate and investors earn a higher yield. melissa: although, i don't know, when i read your information it doesn't seem like it is necessary that great of a deal for the borrowers. you have to have an average score of 704. ur rates range from 6.78% to a 29.99% apr. that seems pretty expensive. you also turn down 90% of the people who show up and try to borrow from you. talk to me about those stats. >> s it is really important, even though we're marketplace, it is really important to have some safeguards in place for the protection of investors so we couldn't really approve all borrowers who in need of a loan. so we have a credit policy that indeed, declines -- but that
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helps insure a, really predictable credit quality for investors. the interest rates are, on ree-year term loan, average interest rate is about 13%. and that's a substantial discount from the intrest rate that most people are paying on their credit card with 16 or 18% interest rate being the norm really for credit card issuers. melissa: i guess. it is very expensive. you are turning a profit in the second quarter. you made $1.7 million. your regulatory burden you say is unlike just about anything that any private company has in existence. how come and how tough is that? >> well, it is, i mean, i think regulations are there for a good reason. we're dealing with people's money and we would like to be regulated. so in particular things reference to being a private or public insurance securities come from the fact that we issue securities that are registered
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securities to investors and that really helps provide a lost transparency. so when investors participate in our platform, they're buying registered securities and buying notes that areegistered with the sec and they are issued pursuant with that describes program inreat detail and provides transparency to investors. melissa: lending club, very interesting business. thanks for coming on. we'll follow it. >> thank you. melissa: the city's fight with the fed could impact your own backyard, trust me you would be outraged by this one. wait until you hear this story. plus, "who made money today?" the competition is getting rocked but they're managing to come out completely unscathed. trying to figure it out? the answer coming up. "piles of money" straight ahead. ♪
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♪ melissa: a big hit this week in the windy city, all over a chicago law aimed at cleaning up the streets. a federal judge ruling that fannie mae and freddie mac are basically above the law. a federal agencies apparently don't have to follow local ordinances for maintaining empty properties and there are at love them. who wants to live with crumbling buildings around them? this could end up happening in our city, here to explain ed pinto a former fannie mae executive and john tilghman of the illinois policy institute. thanks so much for joining us. john, let me start with you. does it feel like the agencies or at least are building where they back the mtgages are getting special treatment here? >> well they certainly are. remember they're part of the corporate that created the housing bubble in the first place. they had lose rules that allowed too many mortgages to be issued
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backed by fannie and freddie, government sponsored enterprises. when the mortgages fail and go into foreclosure and fannie wants has to take responsibility for them they don't want to be held accountable for keeping properties up-to-date and clean. i think that is wrong. they should be held accountable like any other lender. melissa: ed, this will have a impact. 90% of the mortgages out there are issued by them or barked by them and have some involvement. wouldn't this apply to almost all the buildings out there? >> well, haven'tly, and i think this highlights the problem of having the government so involved in mortgage lending. as john said, the root of this problem goes back to fannie, freddie, fha, the federal housing administration and other government policies that really promoted loose lending. i think chicago was accomplice knit that. community groups in chicago and the city were really promoting loose lending going back 20 years ago. i met with groups back when i was at fannie in the late '80s and they were promoting loser
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lending -- looser lending standards. it is now come back and is biting them because you've now got these excessive number of foreclosures. i think the decision of the judge is correct on the law. you can't have a goverent agency, a federal agency subject to thousands of local laws in having to comply with each one because the federal government doesn't operate that way. so i think you have to go back to, first principles which says, let's get the government out of all this financing and keep it local. melissa: those were all great points. john, that makes sense from a legal perspective. from a city perspective, chicago is sitting there looking at buildings going into foreclosure to keep crime down? because as a building goes into foreclosure, squatters move in or abandoned. they're trying to do something about the crime rates that result after that. the idea it drags down, weeds go up. the buildings are in disarray. it drags down propert values everywhere. tough situation for chicago.
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>> exactly. think about the folks who got loans, who were credit worthy and lived up to the loan obligations in these neighborhoods? they're the ones who didn't get any special treatment or have rules loosened for them. now they live i neighborhood where hundred of thousands of homes are becoming run down which hurts their investment whichhen makes them less equity in the very home that they borrowed money on a credit worthy basis. meanwhile government's own policies are ruining their own value. i think it is ironic at the same time we're having this debate about internet taxes and the federal gernment wants to mandate all the local retailers all over the country complying with thousands upon thousands of local sales tax jurisdictions that little retailers have toodo that but here we have the federal government exempting itself from compliance on different subject and i think irony is rich. melissa: what is the solution, ed? you think the federal government solution is get out of housing. god bless. that's a great idea. wh do you think in the near term is the solution. >> near term, chicago could do
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two things. they could do one, i think given the reality there's a regional office of fannie mae. i think freddie mac has one also in chicago. they need to go to that regional office and really explain what is going on. they need to give them, take names, take addresses and go and really sit in those offices and until they get solutions for this at the regional office level. i mean they have, chicago regional office right there. the other thing they should do, should go to congress say quit making policy that gives loans to people that can't afford them. fha is still doing this today. i just release ad study today that shows in chicago, highlighted in the study, that low income zip codes in chicago and minority zip codes in chicago have much, much higher default rates with fha, recent fha loans, than middle income and non-minority neighborhoods in chicago and elsewhere around
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the country. this continues today. melissa: john what do you think about that? ed knows the situation well. he says go to the office and talk to folks locally. do you think that would work? >> i would amplify that. the letter of the lawyer doesn't require them not to given in this case but here's why they should and take it farther and say in chicago we'll comply with your local ordnance and keep them -- order different nance, the reason they do that to protect the existing investments that are credit worthy a cash flowing. if you let this continue it will be a death spiral. it is in their own interest to do this. here is the key point, melissa. they will not be doing it because they're not held to the same account a private lender is held accountable for. the private lender is held accountable for the marketplace to hitting properties degrade. these guys are exempt from it as evidenced in this case. melissa: guys, thanks to broke of you. it is bleak but you spoke a lot of truth. thanks for coming on. >> thanks for having us. >> appreciate it. melissa: are you followg any
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melissa: when you think of oppressive dictate i'm sure you think it is safe to say social media savvy. that is all starting to change. syria president bashar al-assad has facebook, twitter, instagram accounts plus a youtube channel. why not. he is not posting pictures of the crisis. rather propaganda of he and his wife caring for the sick, comforting the homeless and warmly welcomed who seemed to be utterly graced by their presence. a sick new style of branding, trade of tyranny. here to break it allown my favorite marketing guru, bruce
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terkel. this is the syrian story people are not talking about. the fact that you have someone like ba bashar al-assad out there on twier, facebook, all the social media, posting pictures what they want out there. what do you think about this? >> depends how you look at it. i think it is disgraceful and disgusting b again almost everything he does, everything he does is disgraceful and disgusting, what which have understanding social media is new communications tool. therefore it is going to be used for a lot of good and it will be used for a lot of bad. it beme as propaganda tool. that is how he is using it. i think it is not a stretch to say if it had existed in the '30s and '40s, hitler and goebbels would have used it as well. it's a way to reach people. melissa: it is although if you look at his particular sites i don't think it is that effective. you look at it, there will not be a lot of people that go and see all these pictures of him being loved, you know what, we've got to guy all wrong! i thought he was a terrible dictator but he's not.
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look at photos. he is actually a terrific guy. i changed my opinion. people look at that like so much about twitter. he they can tell who is tweeting with themselves and in who is vice and being honest and you can tell this is ppaganda, it is not effective. is that the effective from that long-winded question? >> there are some folks out in the world who want to believe and want to support. there are people who are not informed. so whatever kind of news passes by, they're going to accept. now, the question is, if he is on twitter writing things, like damn, just use chemical weapons and that put me over 140 characters, i write tem instead. nobody falls for that. if he puts on facebook, i like long walks gassing opponents and instagram, that will not work. he is showing picturesf hospitals. i have and his wife kissing babies. that is oldest game in the book and he is going to play. >> it he is going t play it. i don't think it is that
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effective. i don't want to give him advice. i kind of doubt he is watching because i think he is pretty busy right now. what would be the more efctive way to get your case across or is there one? >> i agree wit you. i don't want to give him advice. i sit in his chair sometimes that we're giving clients advice we're not paying you or for that we're not dealing with that. giving bashir advice what he should be doing, not going to happen for me. melissa: you don't want to go there. >> i don't. melissa: this is only the beginning? >> i think it is absolutely the beginning. what you're going to see, let's face it, tyranny is business and as you say, follow the money. these guys are in it because they make a lot of money. therefore you're going to see a lot more of it. melissa: yeah. it is free speech i guess. bruce, thank you so much. >> thank you, melissa. melissa: next on "money", anthony weiner's campaign to be new york city's mayor has been hard enough, hasn't it? you won't believe what he is reportedly paying for now! we've got it all in "spare change."
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several times to supply his events with supporters. the actors were paid 5 bucks an hour. they are asked to seem like supporters or people who jt met him. and supported him as a result of that very encounter. what can, i want to say, the campaign is denying this. they, i want to get that out there. they're saying we did not do this but is this surprising. i think this goes on. >> oh, my goodness, absolutely. note to self, make sure you have a confidentiality provision when you sign any sorts of agreements for that, no onean talk about it, can't go to the media, can't discuss it. melissa: who knows why they came out to say this maybe they didn't get paid and are mad about it. who knows. >> sure. >> we'll belief the denials right now, anthony weiner we'll believe anything he or his representatives say in no. so what he made a million dials about million things that turned out to be true. >> i wanted to get that out. >> u.s. politics is becoming more and more, i say this for
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years a banana republic. i covered latin america 12 years in of my life. they had professionals, that are agitators. they're paid to be good cop or bad cop. they have can cheer like anthony weiner crowds or throw rotten tomatoes. they were doing that. so transparent. outsider could see it but it became standard fare for latin america and mexico, polices like that nicaragua. >> tha is surpriseing. >> it is becoming that here. melissa: i think it is surprising to a lost americans that it is going on. i think at love people actually aren't aware of the fact this goes on more than we think. when you watch protests on television or see things in washington -- >> or wisconsin. melissa: yes. have been hired and paid to be ere. in this case,hey say, people, they were paid to initially be skeptical and they're suppod to ask him various questions. and then they would appear to be convinced by what he was saying, first of all, those are damn good actors for 15 bucks an hour
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convinced i want want any weiner -- >> he had to do something, he had to get someone to galvanize senatorrers. couldn't come up with supporters here in new york. everyone said, what are you doing? why are you even in the race. being pushed out by his own party to get out of the race. >> this is more than new york politics. this is a dangerous thing happening in america. and again, i said wisconsin, i wasn't being, it wasn't a figure of speech. in wisconsin, remember the anti-governor walker campaign. they took over city -- anybody out there who thinks those following were normal folks are protesting, sorry folks, if you believe that, it is not true. these people were paid by union, they were union goons. they were paid bit union to protest. maybe one or two or three of them felt something sincere bit but most of them were doing it because they're paid to do it and that happens with any kind of union oriented movement. people are paid by the union to go out there and protest. one way or the other. melissa: occupy wall street. there were ads on line for
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people to go down do the same thing. >> they did. they took over the park for three months and completely disruptive and stayed there. why else would they say? they had mrsa, sexual assaults. there are reasons people were crowding into that. you're getting paid, sit around on the perimeter, not inside to subject yourself what was happening inside the park itself. we'll see what happens. but if you google and when story broke guying gelled it. paid crowd, and all these websites. >> professionization of american politics is the danger. it shouldn't be a professional, a profession. melissa: we want you to be aware because the show is called "money." they were getting paid money. trouncing the competition despite all odds has never felt so good. keep it right here. we've got the answer. do you know? tweet me! you can never have too much money. ♪ when we made our commitment to the gulf, bp had two big goals: help the gulf recover and learn from what happened
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♪ >> whether it's wall street or main street, everyone who owns express stores made money. retail competitors and aero have been hammered by weak sales, but express bucks the trend, and same-store saled jumped 6 #% in a second quarter, unbeievable. they hiked the outlook for the current quarter. who knew. sent shares leaping 6%, nice for the investors. also maing money today, massachusetts dmaerati. the saled tripped, and the sedan is the top seller. how is that possle. fian, the owner, invested $1.6 billion into new mold -- models. suspended for allegedly making money, texas a&m quarterback embroiled in scandals after reports he was paid to sin
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autographs. they are benching the winner, but just for the first half of the season opener this saturday. learned a lesson; right? that's all we have for you today. i hope you made money. see you back here tomorrow, and ♪ >> in th'50s,@ there was a new sound. >> @♪ wake up, little susie @ ♪ wake up @ >> it had rhythms and lyrics that spoke to us. >> @♪ maybellene ♪ why can't you be true @ >> and all across america, radio stations gave us the latest hits. >> @♪ well, you can rock it,@ you can roll it ♪ ♪ do the stop and even stroll it at the hop @♪ >> there was chuck berry,@ jerry lee lewis, buddy holly,@ and of course, the king. >> @♪ well, since my baby left me ♪ ♪ well, i found a new place to dwell ♪ ♪ well, it's down at the end
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