soothing relief and it helps keep your mouth healthy, too. [ applause ] biotene -- for people who suffer from dry mouth. next. >> what's the fed? >> f-e-d, fed? >> the federal government. >> what's the fed? >> what's the fed? i don't know. >> most americans don't know yet we give the fed enormous power. >> americans have been reluck dant to give too much financial power away. that's smart. but we need somebody to foster conditions for a healthy economy. >> really? >> your collar bb juworth as mu tomorrow than tz today. >> he has been in charge for a while. >> not everybody likes it. will i think it's good. >> he said housing prices wouldn't crash.

>> never had defined house crisis on a nationwide basis. >> she is going to be in charge. >> one of the most important economic decisions i will ever make. >> probably the second most powerful job in the world. people don't know what it is. >> the fed is a small group of old white people who get to spend trools of your dollars in secret. >> no secret law government officials should have employees out of thin air. >> are you fed up with the fed? that's our show tonight. >> now john stossel. >> i have done hundreds of tv shows. there's one topic i have always avoided. the fed.

it is so complex and dreary. the people in charge even work at being dull. some call it fed speech because he didn't want to spook the markets or kiss his hand about the fed's plan. bernanke and gel len are also. ment it could destroy your saving, effect whether you have a job or a future. i wish there was one called money for nothing. before we get to your movie i want to play part of a video. >> the fed is important because it ep couldn'ts america's monetary system stable and growing with low inflation which fosters further growth and helps keep the economy going in the right direction. >> the economy going in the right direction. >> you could argue the intentions may be good but the

results aren't always. >> you interviewed janet yellen for the film. i choose not to show any of her interview bits because she was even more boring than everybody else. you get the feeling they work at this? >> since greenspan there has been a tradition of the fed trying to operate outside of the limelight behind the curtains a little bit and not give away policies. >> what i especially like about the film is it covers the rationale behind the fed how good intentions sometimes made things worse. will the current fed was created to reassure people when a bank fails. >> bank customers would become suspicious they would want to pull their money out of the bank and other people would be afraid their bank would go because people would want to pull their money out and with draw the

money. >> brits have the bank of england. something has to get done here. >> senator nelson aldrich some of new york's most powerful bankers made an island off the coast of georgia to make plans for a central blank bank. traveling under false names the great secrecy of this extradition would foster conspiracy theories for decades to come. >> why would they give false names? is>> it was thought we had two central banks in our country 1791 and 1826 and we got rid of them because it was felt they would effect the political connective. >> the leaders decided to stimulate the economy. >> the roaring 20's saw the boom and bust. at first the low rates indiana tensionnally helped fuel stock

market and debt bubbles alarmed fed and raised rates aggressively in 1928. it saved recession and stock market crash. >> fed chairman ben bernanke said we did it. we caused the great depression we won't do it again. >> the lesson the fed needs to learn is that it needs to back out of markets. it needs to allow it to move more friday ry. we can manage it we have lenned from it the inflation. >> they should play a more passive role. they decide the depression happened because the fed didn't create enough money. 40 years later congress proclaimed they should guess unemployment. they presented extra money.

the but the fed had created far more dollars than it could ever redeem in gold. now the u.s. could no longer keep that promise. >> i have directed the secretary of the treasury to expand defrp trarlly the 208 lar, gold. that does this mean to you your dollar will be decades. the dollar lost more than half of the value. >> six on was wrong. image that a poll significance being wrong. will we have inflation up to 13 percent. >> the feds keep making the same mistake over and over again. the dollar lost more than half of the value in in a period of 10 years right after nixon made the promise. >> it is low today. they have the confidence to do

what they have done the last two years try to stimulate the economy with motts of money to buy treasury bonds. they spent almost $4 trillion. a dozen people decide to create $4 trillion. they did most of it but the stimulus failed to stimulate. >> the fed upped the anti. but with the interest rates only at 0 the only way to debt the economy is to print more money. >> you have what degree of confidence in your ability to control this? >> 100 percent. >> 100 percent confident. >> japan has been using quantitative he'sing for years. it hasn't worked. i think the problem is engaging in experiments but not really letting on to that.

>> and they get stuff wrong all the of the time. >> the market seems likely to be changed. wrong. they deny they macecally print nun what doing is prit key thin>> it is getter to print money. >> you have been printing money? >> effectively. >> good for john stewart for getting that one right. but why the -- why? >> they are created a trillion dollars of new sur ren see ea-- currency. >> not exactly printing it but creating it. >> out of thin air which shocked a lot of people that's the fact. >> why a movie that touched me

they have brn precentral planning in our economy more than ever in history. in the kret. >> they are the biggest 2 trillion or can hes. >> through out fist we have seen a market econ mys do better and centrally plan one. knowing that why in the wake of the crisis why are we choosing to give the fed more power and influence in the industrial film we argue she should start handing that power back to the market. >> your film is great. if you go to the web site i will play fore of it through out the show. >> when the housing bubble birs they committed even more of our money keeping wall street. >> thanks to america down to 37

feet. hoving not just the kanings they were trying to protect. >> image if 12 or 15 firms had filled. >> are you submitting in this interview that you are not going to let any of these banks fail no matter what their balance sheet looks like they are not going to fail. >> so we have the doctrine too big to fail implied before now it is real. the fed saved us from another depression. economist george belgium they saved us. >> ste isn't laif us a really bad one and thit has been drive years. as a matter of fact it would have been a lot better especially if they hadn't bailed

out beaier stern. they are wouldn't pig to bail and we got wind. >> when you aapproximately bish with the fed. we have a paper dollar. something has to keefe it here because it is not matched even though aroad wiling to his appl like this. the point is, what we have now is a fed with unlimited power and disstregs which mea -- discretion which means the power to make huge mistake. they are not i am pro offing

over time. >> what's the alternative? >> that's right. several nations prospered and have financial stability without snin tral bank. canada had no central bank. ment it wasn't treated because of the depression i want this. will>> they copied america probably? >> they copied america, that's right. >> prior to 1914 when we established the fed the pruivat banks supplying currency. >> that means to be clear each bank could make its own currency and you could trust it or not. >> the notes of the different banks were just their iou's. they were a nationally branched bank canada allowed it. the u.s. didn't. they are remarkably people failed. >> in the many in the glat depression it was the notorious

fed thousands failed. in canada through out the whole 1930's. a few more rules would have preventeded the housing crash or the banking crash. that's why we need this. all of these pages. this is absurd, why would beer graphs for an insurance st providing this. >> what is the frs case skan nar yo in if in fact he is>> the fed was the last to see the crisis coming. yet at the same time they were helping to fuel that housing

loom. >> now we are going to get janet yellen? >> she is not much different than ben bernanke. will she may be on the side of easy money. coming up the fed's bond buying hasn't caused this. we boon have to go to the grocery store like this. it has happened in other countries will it happen here next. next. coming out.

♪ john: do you trust these? inflation is about 2 per >> sd on is about 2 per it will be worth probably almost a dollar next year. but two percent adds up. earlier in the show we pointed out the dollar lost 96 percent of the value since the fed started. that means it takes $23 to buy what $1 bought 100 years ago. could be much worse. inflation was 10 percent when i started reporting. that kept up for a century it would take 12,000 dollars to buy what $1 bought.

if you think that's bad, this note is a $100 trillion bill from zimbabwe or idiot rulers printed millions like crazy. even $100 trillion became worthless. probably the most famous example happened in germany after world war ii. they lost the victors including the united states demanded restoration. germany didn't have any money. the germans the central bank started printing german bonds to fund reformation ander oh spending. they became less and less so much so temperatures brought wheelbarrows to the banks to make their weekly payroll. soon afterwards inflation continued individual shoppers. show up with wheelbarrows to get

groceries. money was so useless people used it for wallpaper. america is not post car germany but might we suffer inflation? the next global crisis james ricard studies the history of nations and cheap in money. i assume james was smart error we are different. >> you showed the clips earlier saying the crisis would blow ever how will it go down? they are getting things wrong again and again. the feds have the worst forecasting records of all times. i am not sure how much smarter we are at that leadership level. >> inflation is low they are printing all of this money. >> inflation is low. we are waiting for a spark. they think they are waiting with a thermostat. if the house is too cold you

warm it up. if this inflation starts don't worry about it we will be back again. >> once the spark hits it goes out of control. that is the part the fed doesn't understand. the republic, it's germany. you have a bill that demonstrates part of the problem. >> they were printing so much money they ran out of ink and paper. they were constrained from printing more so they came up with another idea. >> it will cost three times more at the end of the meal. the rush with our wouldn't charge you more at the end. they kill kaus, drag the meat

back to the city. it was a lot worse than some of the antidotes with the belief. >> it led to the ang he el and rise of hitler. with infrags or hyperinflation which is what you get. losers can see it coming. bau baurn buffet bought the railroad. it is hard the land, mining rights, et cetera. >> industrial does okay. >> the other dollars are liabilities in the joust assets: people who buy goals or things like that. >> people with insurance policies, annuities, retirement. every day americans get crushed. >> at the moment 2 percent

inflation. >> 2 percent is not fine. 2 cuts government in half in 7 years. it will only be worth a quarter of what it was. >> let's hope it doesn't. >> coming up we will talk to an advisor president obama who says we need to. ron paul is here abolish the fed. [ sneezes, coughs ]

i've got a big date, but my sinuses are acting up. it's time for advil cold and sinus. [ male announcer ] truth is that won't relieve all your symptoms. new alka seltzer plus-d relieves more sinus symptoms than any other behind the counter liquid gel. oh what a relief it is. ♪ ♪ if i was a flower growing wild and free ♪ ♪ all i'd want is you to be my sweet honeybee ♪ ♪ and if was a tree growing tall and green ♪ ♪ all i'd want is you to shade me and be my leaves ♪ grown in america. picked & packed at the peak of ripeness. the same essential nutrients as fresh. del monte. bursting with life™.

we are the thinkers. the job jugglers. the up all-nighters. and the ones who turn ideas into action. we've made our passions our life's work. we strive for the moments where we can say, "i did it!" ♪ we are entrepreneurs who started it all... with a signature. legalzoom has helped start over 1 million businesses, turning dreamers into business owners. and we're here to help start yours. that would be my daughter -- hi dad. she's a dietitian. and back when i wasn't eating right, she got me drinking boost. it's got a great taste, and it helps give me the nutrition i was missing. helping me stay more like me. [ female announcer ] boost complete nutritional drink has 26 essential vitamins and minerals, including calcium and vitamin d to support strong bones and 10 grams of protein to help maintain muscle. all with a delicious taste. grandpa! [ female announcer ] stay strong, stay active with boost.

an arm wrestling match that mr. clean realized the way to handle bigger, tougher messes was better leverage. that's why he created his new magic eraser handy grip. it has a handle that firmly attaches to the eraser so you get better leverage and more oomph with less effort. it's the perfect magic eraser for making stuff that's big and tough not so tough, after all. mr. clean's handy grip -- the newest member of the magic eraser family. in all purpose and bath. [ engine revs ] in all purpose and bath. is there a lot of worry building up around a daily problem? in controlling your overactive adder symptoms. thinking less about them with new oxytrol for women. it's a patch. the first and only over the counter treatment for overactive bladder. it's good to know how to put the control back in your go. new oxytrol for women. now over the counter in the feminine care aisle. visit oxytrolforwomen.com to learn more.

so when coverage really counts, count on nationwide insurance. because what's precious to you is precious to us. ♪ love, love is strange just another way we put members first. because we don't have shareholders. join the nation. ♪ baby... ♪ nationwide is on your side ♪ ♪ >> it i >> we need to audit the federal reserve. >> it is past time to audit the federal reserve. >> we have a much more destructive business cycle than before the feddal reserve. >> politicians krit siding the fed. i never used to hear that. maybe because few understood the fed or even economics. whatever the reason the new

interest is a good thing. i think it happened mostly because one presidential candidate talked about the feds. he was the only politician talking about it. he of course is the author of end of fed, ron paul. the democrats and your son want to audited fete. you want to end it. how can you be so sure many need the fed for stability. >> the hefed is getting away to long for their responsibility. >> this he create the artificial bubbles and they get a lot of credit for that. the correction comes and they claim we will print money faster they get credit for the bump upwards. they shouldn't have the authority to print money out of thin air.

they will. way back to an she want chinese history they tried this nothing worked. nothing but silver and gold can be legal. that was the law that was written. maybe the best transition would be to legalize competition. >> currency competition where the market maybe 5th coin offers it. >> which is legal so far. >> the government doesn't like it either. >> i looked at gold prices since 19750. that has not been a staple currency. >> if you want the fablt of cold and purchase power mrk it maintained a fairly helpful tower. they have created $13 million.

>> a lot of grown-up people think it's fine if you have a b pro you print more. if you have a problem with debt, pay more. any type of slow down you are supposed to spend more money. if pem don't nye it. they are out of thin air. >> this will lead their ram want inoperation. >> we haven't had rampant inflation. i think we have a lot of inflation now. it's the whole point of e economics by destroying the currency. you help the wealthy the money goes to the wealthy and right now today the money is in the top 1 percent or 10 percent. it is not because of capitalism it is because of the currency for -- that's a ponconsequence a

money system. each company has a home. doubles and inflation before we did it. >> loo you took at the time between the cold standard and it was very, very stable and. >> nine recessions. 30e recessions in the 30 years up until now. >> when the fans stayed out the depression lasted for 15er yaos. look what's happening in japan? is we are not with this economy. >> without central banks they wouldn't be bullied? >> i believe they would. the marketplace handles these things. there would be distortions but they are corrected quickly.

the people who ever extended themselves they are the ones that punish. >> thank you ron paul. up next an advisor to president obama. he said ron paul is just wrong. stick with innovation. stick with power. stick with technology. get the flexcare platinum. new from philips sonicare.

try align. it's the number one ge recommended probiotic that helps maintain digestive balance. ♪ stay in the groove with align. he was a matted messiley in a small cage. ng day. so that was our first task, was getting him to wellness. without angie's list, i don't know if we could have found all the services we needed for our riley. from contractors and doctors to dog sitters and landscapers, you can find it all on angie's list. we found riley at the shelter, and found everything he needed at angie's list. join today at angieslist.com if you think a prune is a prune, yothe amazing prune.nsweet, two great ways to enjoy the amazing prune are plum amazins and sunsweet ones. plum amazins diced prunes are great as a snack or on just about anything. i like that! i'd put these on a salad. these would be perfect for cookies.

ones individually wrapped prunes are simply irresistible. that is so juicy. it's packaged by itself. that's fantastic. delicious and nutritious my kids are going to love this. ones and plum amazins. only from sunsweet, the amazing prune.

to book this fabulous hotel. michael, tell us why you used priceline express deals well you can see if a hotel is pet-friendly before you book it and i got a great deal without bidding. and where's your furry friend? i don't have a cat. save up to 50% during priceline's fall hotel sale.

use promo code"fall5" for even more amazing sangs on any express deals hotel. like all good deals, this is one you'll want to pounce on. express deals. priceline savings without the bidding. ♪ john s >> some people are fed up with the federal reserve. plenty of smart people defend the fed. goldstein was chair of theic nom i can add viseor said we need the fed. why? >> the fed basically does two things that matter a lot for the country. the first is in normal times it is controlling the mup supply slash interest rate decisiodeci. by doing that and by doing it independently of congressional

control, it is kept inflation at very manageable legals for the most part in the united states. the second is in times that aren't normal times like big financial crises the fed is the only thing that prevents the entire system from ex flowing. that is partly why we invented the fed. when we didn't have a fed we brought down the entire economy in great depression like events. >> we had the great depression after we had the fed and before we had the fed there were plenty of impressions but they were over quickly. >> technically true the fed did exist the fed system as we have it now was not. it was lake they were reverse printing money. that is what led to the depression. >> and learned from that? they are smarter now?

>> i think they have learned. they are certainly more educated. i don't know if they are more intelligent. >> we had 13 percent inflation with the fed in the 70s. >> true the inflation of the 70s is not necessarily caused by the fed. it is true that until paul volcker comes in and says look we are going to squeeze this into the place mow matter how much it hurt. we have a rising inflation expectation environment. that was tough and dark history. the dark spot on the history of the fed. i am not meaning isat tha to is anyway that they always do what is right. i am just saying it is important to have the fed there it is not really an alternative. if the fed weren't there would we not have had inflation in the

1970s? i don't know. >> as an alternative why don't we start with free currency. the stossel bill can print and the people who choose. >> we went through a period like that in the united states. there was no fed. every bank would print its own money. as you might image if you can print your own money a lot of people go out and print money. if you don't have an over site authority that has a legal commitment to try to focus on price ability the way the head has i think you run the risk of big problems. >> ron paul argued the fed inflates bubbles and gets credit for the boom then the bust happens and they ease money and get credit for the recovery. >> there is some element of truth i think to the trview tha

if they do something wrong they could inflate bubbles. there is no evidence that there are more bubbles or more intense bubbles under central banks than there are when this were central banks. >> do you get nervous about giving a dozen people so much power over so much money? >> yeah sometimes i think we all should. we are americans we are the most auspicious authority people on earth. that said i get over that suspicion when i start looking at littcountries where they don make the fed independent. you see much higher inflation rates. >> it confuses me we can give a dozen old white people the power to spend $4 trillion. >> yeah, but be a little careful about that. in normal times what they are

doing is deciding when the interest rates goes up or down or stays the same. >> not loaning money or buying bonds. >> they have security. they are saying they are spending money. when you are in a government zero bound government where you can't loosen monetary policy because you are already at zero. how do you lose a monetary policy with that thing? >> there is all of this money sloshing around now. they printed it>> i am worried about everything i am an economist. we lay around and don't get sleep. of all of the things dafrnger of hybrid inflation is not in my top ten. if you look economists know a lot about what leads to high

inflation. at no time not just the expansion of the monitors. the gold bugs the people afraid of a immediate inflation look at the expansion of money. when they were saying is in that phase. will it's also get the begun shall says tem handy. she is on the one side printing money. for every bank that is not lending where in the 2000's there were that's doing the worst it is de printing money. all they are doing is making up for all of the demon tizing tes monday tizing going on. as that starts to heal the fed will goat out of the situation

that it is in. >> i hope you are right. austin goolsbee. tortured and murdered, it didn't really happen. it's will the best seller. in on. advil congestion relief. it delivers a one-two punch at pain and sinus pressure with the power of advil and a nasal decongestant in a single pill. advil congestion relief. [ male announcer ] over time, you've come to realize... [ starter ] ready! [ starting gun goes off ] [ male announcer ] it's less of a race... yeah! [ male announcer ] and more of a journey.

and that keeps you going strong. at unitedhealthcare insurance company, we get that. with over 30 years of experience, we'll be there -- ready to go as far as you. so consider an aarp medicare supplement insurance plan, insured by unitedhealthcare insurance company. like all standardized medicare supplement insurance plans, these help cover some of what medicare doesn't pay -- and could save you in out-of-pocket costs. you'll also be able to choose any doctor who accepts medicare patients. call or go online today to request your free decision guide. go forward with passion. and nevesettle for good enough along the way. aarp medicare supplement insurance plans, insured by unitedhealthcare insurance company.

♪ >> i hate to admit this, but as important as the fed is i have avoided doing shows about it because the fed is, well, boring and confusing. when i asked people what it was this was really a typical answer. >> what's the fed? >> the what, the fed? >> the fed. >> f-e-d, fed? the federal government. >> people know little about the federal reserve even though it has the power to play around with trillions of our dollars. i should report on it but the details are boring and i work on competitive television. if i bore you and you stop watching i lose my job i lose the show which i would like to ep couldn't. i have avoided the show on the fed until now. you don't see any writers put

out best sellers about the fed. his latest book is a best seller and it is about the fed. why did you put in this boring institution? >> it is not that boring. the i write thrillers. so my job is to give you a great beach read from cover to cover. but if you walk away from the book having learned more that is good. the fed is fascinating considering how much secrecy it shoruds itself with on purpose. they formed is in secret. federal officials stormed out didn't even use the train station here they went to hoboken said they were going on a duck hunting trip. they went down to jekel island and hatched a plant. >> prooef yun with evious ones

killed. >> the central banks were incredibly unpopular with the american people. in fact all of the participants when went to jekel island they used assumed names. they knew this was not going to go over well with the americans. eastern bankers were hated. >> viewed as man nip tlierts not ordinary people. >> you had banks in the south and west and also people s deciding we don't need the banks. they got together to save and monopolize the banking industry for themselves. >> it was the third. the first one was in 1791 lasted about 20-years with the war jets take ke taken care of. congress closed it. th they didn't kwant a ten- tr-- w central bank. >> andrew jackson closed it he said it was susceptible to pore

rufrpgs. central bank can the printing of money was the surest road to desttism and the loss of liberty. >> today motion of the experts say we need a central bank, make sure inflation is moderate, it helps with employment. >> that is the smoke that comes out of the federal reserve. >> more than the federal reserve. talk to any smart financial person. >> you are a capitalist we both like free markets. the dollar has lost 96 percent of its value since the fed came on the scene. we had the great depression under the fed. >> they made a mistake and learned from their mistake. the threat has returned.

i the right data and history about the fed that i think people will find fascinating wrapped in a great thriller. >> one thing i love about your book is you have the hero read henry haslett economics in one easy lesson. >> it is ike nom economics. . one said it was currency coinage in how americans want to work. >> i am glad you brought your talent to this important subject. thank you, wrad. she got a mer tiggs that says $4 million o $4 million [ female announcer ] research suggests cell health

plays a key role throughout our lives. one a day women's 50+ is a complete multivitamin designed for women's health concerns as we age. with 7 antioxidants to support cell health. one a day women's 50+.

♪ [ male announcer ] united is rolling out global, satellite-fed wi-fi to connect you even 35,000 feet over the ocean. ♪ that's...wifi friendly. ♪ losing thrusters. i need more power. give me more power! [ mainframe ] located. ge deep-sea fuel technology. a 50,000-pound, ingeniously wired machine that optimizes raw data to help safely discover and maximize resources in extreme conditions. our current situation seems rather extreme. why can't we maximize our... ready. ♪ brilliant. let's get out of here. warp speed.

♪ ♪ nothing, that's what? that's why i take prilosec otc each morning for my frequent heartburn. 'cause it gives me a big fat zero heartburn. woo hoo! [ male announcer ] prilosec otc. the number one doctor recommended frequent heartburn medicine for 8 straight years. [ larry ] you can't beat zero heartburn. and best of all, it means i can enjoy all the foods i love. oh, zero heartburn is awesome. just like zero clery. ♪ [ male announcer ] prilosec otc. one pill each morning. 24 hours. zero heartburn.

♪ john: over the next weeks we will hear more about janet yellen, the president's nominee >> we will hear more about yell then for the fed chair. i don't care who she is. she may be scarier than some because she pushed for some time lus but all share the same belief that they a dozen people can manage our economy. our leaders voluntarily give them this unbelievable power. let's put it in perspective.

our load bloated government will spend 3 and a half trillion dollars this year. this is a crazy amount of money. almost double what we spent when bill clinton uz with a president. also this year quietly the feds bought government bonds, bank papers some junk and banks raising its balance sheet our balance sheet to $3.6 trillion. just as much as our whole government spent. most of what the fed does it does secretly. i want to believe brilliant people who know what they are doing and mean well no 12 people know enough. knowledge is dispersed through out the world. they usually make things work. >> in the 70s the fed wrecked lives by double inflation. they explained how the fed governors felt pressure.

>> they would tell each other we are not going to let this get out of hand and then the unemployment rate would rise. the climate of opinion was against them. >> tight money and inflation did subside. after the bubble burst they brought easy money back again. >> the fed softened the.c dot - dot com bust. >> it was interesting and stimulating to put it in the house which created a sustainable bubble in housing. >> we encouraged the housing boom. >> ben bernanke said we are not going to let the crisis fall we are going to create enough dollar bills to lift everything. the consequences are we created

the incentives tomorrow. the housing bouubble to housing bust. >> 7 million of them will reserve hope. >> this is textbook when you take rates that low you are going to have a boom follow. >> i don't think any of us take comfort from it the fact that somebody screwed up. everybody wants to go back and say things are fine now. we solved our problem. we are asking for another crisis. >> we have never done this before. they are operating by the seat of their pants. >> we are supposed to trust these people. trillions of dollars prop up banks amid foreign countries. more money than the tarp bailout which the fed focused on. it is public because of the

freedom of information request. we looked for people to defend the fed on the show but it was halveder to find someone than i thought it would be. not long an ron paul criticized the 5th. >> you have no authority in the stauns tugs authorizing federal bank which means there should be no federal reserve. >> today they spent trillions of our dollars often in secret and people have no clue about it. >> what's the fed? i don't know. >> what's the fed? >> i don't know. >> a few people pay attention. >> central bank. >> what's it do? is>> terms the monetary policy. >> what's monetary policy,>> how much money to be allowed into circulation. >> three cheers toer that guy. >> let's hope more people start

paying attention. talking about trillions of your dollars here. that is our show see you next week. . the federal government eliminating housing for the debt that it helped build. >> there's a lot of stories of out of control regulators but this just seems to be going to the extreme. she fought