and barclays and the money from barclays they say was to help fund their purchase of lehman's u.s. assets that's right barclays got to buy lehman brothers for free it was financed by the american people why wasn't lehman just nationalized if the u.s. taxpayer is paying for it anyway because on the u.s. taxpayer would have got the benefit of some hind i get it this way they get no benefits and remember of course bank of america bought merrill lynch with the same kind of deal they bought it for free again the benefits accrue to the bankers none of it trickles down to the people and you know the amazing thing is that what we're seeing is the emergence of a global banking cartel and all these banks consolidating into one super bank and of course the i.m.f. is now over in ireland raping the poor people they're imposing austerity measures because the i.m.f. is bankrupt the i.m.f. needs the twenty billion dollars in ireland balance sheet they need the pension assets that have been built up by the irish people and it's the. i mean if that's been a grip not ireland and same thing with spain

♪ meet cathy, who's lived most verywhere, from zanzibar to barclay square.ut patty's only seen the sight, a girl can see from brooklyn heights, what a crazy pair! ♪ cathy: oh my, patty. did you find all your files? patty: finally! who knew it would be this much work when richard and i decided to retire! cathy: well, what are you going to do first? patty: we're heading down to brooklyn heights and start in on that social security paperwork. cathy: why would you do that? patty: what do you mean? cathy: it's so much easier to log onto socialsecurity.gov and file online. patty: what if i need to know how much money i'll be getting? cathy: online. patty: what if our address changes? cathy: online. patty: what if i want medicare too? cathy: online. patty: so, how did you get so darn smart anyway? cathy: online! ♪ when cousins are two of a kind! ♪ >> good morning. welcome to st. francis memorial hospital. note welcome -- welcome to the fifth annual tree lighting. we are recognizing the role that the burn center played to us in the community of st. francis and the w

morgan and barclays bank dropped their efforts to stop m.b.i.a. from splitting into two businesses, one that will insure municipal bonds, the other only structured finance like mortgage-backed bonds. in the past couple of sessions, we've seen some unusually heavy volume in several chinese metal and mining stocks trading in the u.s. usually these stocks trade fewer than one million shares. this trio has seen volume spike into the multi-million share range. xing universal was among the most active on the nasdaq. it continues building on the gains we spotlighted last night. china direct is at its highest price since january. and china precision hit a seven- month high. finally, it's worth pointing out a new high for a global currency, the swiss franc. here's the exchange-traded fund that follows the franc. the currency hit record highs against the u.s. dollar and euro. foreign exchange traders point to the swiss currency as an alternative to the euro, especially with continued concerns about european government debt. and that's tonight's "market focu

three percent and xstrata rose three and a half percent banks were also a boost on the index it barclays gained one point eight percent and the news that its incoming chief executive has bought more stock with while world bank of scotland topped the winners list on a put the point. and here in russia markets finished the trading day in the black with most of the blue chips gaining the r.t.s. and in point nine percent higher end of my six was up over half a percent now among the stocks whilst telecom was up on reports it's part of a consortium. cable t.v. operator national telecom pulled one point four billion dollars energy stocks were higher after russia raise its forecast for euro's blant next year from seventy five to eighty one dollars a barrel and finally moscow now go again reporting a three fold increase in earnings for the first nine months of the year. trading volumes are getting lower on the russian markets the holidays approach but individual news stories are still persuading investors to get involved eager pro high fives president a dialogue explained the main triumphs on tue

percent at stocks in europe makes this hour the forty's driven by gains among banks and insurers barclays and world bank of scotland are both up over four and a half percent so standard chartered she has dropped out of the bank warned of rising costs the dax is shedding less than a quarter. and u.s. stocks are higher after unemployment claims dropped to second lowest level this year stocks are trading at the highest level since. summer two thousand and eight and entries at us wholesalers rose more than twice as much as forecast of companies stocked up to the biggest sales gain in seven months. but it also telecoms group sistema says net profit rose twenty seven percent on the quarter to one hundred eighty three million dollars revenues grew more than a third to seven point three billion on the year drip of the year driven by the performance of passion after oil company the company notes its consumer businesses are recovering including banking and tourism and yearly tabs profits were down almost ten percent from the third quarter of two thousand and nine president. outlined the company's i

rally three percent and xstrata rose three and a half percent banks were also boost on the index barclays gained one point eight percent a month amid news that its incoming chief executive has bought more stock at world bank of scotland top the winners list adding nearly worn out. and using a trading session was positive for the russian markets as well the r.t.s. british point nine percent higher while the mind six and it up over half a percent telecoms gained on reports it was part of a consortium buying cable t.v. operated national telecom for one point four billion dollars energy stocks were high after russia raised its forecast for euros going well next year from seventy five to eighty one dollars a barrel and lost it again after reporting a three fold increase in earnings for the first time moms i'll be here. now despite the fact that trading volumes are getting lower on the russian market as the holidays approach individual news stories are still persuading investors to get involved. president a dialogue explained the main drivers on the markets on tuesday. the market in general of

percent this hour and the dax the shedding over half a percent banking stocks are on the downturn barclays slips two and a half percent in london and daughter bank down one point six percent in frankfurt and here in russia the r.t.s. in the light of the trading lower at noon on the back of a global markets down to zero dollars swaying triggered by the federal reserve to expand the quantitative easing program and a g.m. banking stocks are taking the biggest losses p.t.b. rosner and. they're about losing the most just under a percent of the look or there's a monkey gainers in the mines it's up twenty two percent gas pump is sitting less than five percent. question the oil major attack near has reported a thirty five percent decline in profit for the process nine months of the year the next total came a came in at around one billion dollars the company blames wising cost pushed by expertise in texas as well as losses from khan's exchange. and that's all i have for you this hour join me at twenty past the hour for more business update or not. they live not only next to the border of the gulf o

second day in a role in london the forty's trading just under the sun higher led by banking shares barclays gained one point eight percent and world bank of scotland added nearly three percent engine make a rolls royce group was up two percent after the citi group upgraded the to buy from hold investors meanwhile shrugged off news that portugal's credit rating may be lowered by moody's investor circles and the russian market's been into the trading day in the black with most of the blue chips gaining. its point nine percent higher atomizer was up over half a percent the caller was off on reports it's part of a consortium buying cable t.v. operator national telecom for one point four billion dollars energy stocks also growing up to russia raise its forecast for your next year from seventy five to eighty one dollars a barrel and most will never go finished in the blackout for reporting a three fold increase in earnings for the first nine months of the. now platinum has been a strong performer in two thousand and ten deliver. being a fifteen percent return for investors desirable as jewelry us

spain's credit rating that's hit financials among the hardest but your bank is the top loser on the barclays has now hit over three percent in london but russia was bucking the trend this hour with the my six exhaust investment banks credit suisse morgan stanley to value the ts as it buys a merger of moscow's two million balls is stocks have stabilized off the crude fell one percent to one hundred eighty eight dollars a barrel it comes as america reports rising gasoline imbed trees telecom is the top loser on them i say shares down around three quarters of a percent. point four percent blue color is nearly opposite. of slump thirty five percent for the first nine months of the year came in at around one billion dollars the company blames rising costs pushed by higher export duties taxes as well as losses from currency exchange. now some has bought australian uranium producer mantra for more than one billion dollars russia's nuclear holding is expanding its interest to supply reactors it's building in countries such as china india and turkey currently control forty percent of the global urani

the second day in a row in london the footsies trading point eight percent higher led by shares of barclays which gained one point eight percent and world bank of scotland at a deal e three percent and you make a rolls royce group was also up two percent after citi group upgraded the firm to buy from hold investors meanwhile shrugged off news that portugal's credit rating may be more word by moody's investor service. and markets here in moscow are holding on to morning against the r.t.s. who has raised yesterday's losses and is now up half a percent ross telecoms up on reports it's part of a consortium buying cable t.v. operator national telecom for one point four billion dollars energy stocks are also growing russia raised its forecast for your roles and oil next year from seventy five to eighty one dollars a barrel and most of them go continues to gain up to reporting a three fold increase in earnings for the first nine months of the. now the state deposit insurance or. he has he will pay out more than four hundred eighty million dollars in two thousand and ten to compensate creditors of

prepare sent an extra rows three and a half percent of the footsie banks were also boost on the index barclays gains one point eight percent news that its incoming chief executive has bought more stock while world bank of scotland topped the winners list adding nearly forty percent. of the russian markets finished the trading day in the black as well with most of the blue chips gaining yards he has ended point nine percent higher in the mine as it was up over half a percent last telecoms was up one reports it's part of a consortium buying cable t.v. operator national. telecom for one point four billion dollars energy stocks were also growing after russia raised its forecast for urals bland world next year from seventy five to eighty one dollars a barrel and most america gained after reporting a three polled increase in earnings for the first nine months of the year. trading volumes are getting lower on the russian markets as the holiday approaches but individual news stories are still persuading investors to get involved eager prior fights president at troika dialogue explains the main drivers

half of the dax and starting point eight percent at the opening banking stocks are on the downturn barclays slips two point two percent in london and go to baghdad one point three percent in frankfurt and russia's r.t.s. and mars it's a trading lower at noon on the back of a global markets down swing triggered by the federal reserve's failure to expand. quantitative easing program energy and banking stocks are taking the biggest losses now the ross nafta and bear bank are losing the most just under eight percent and gas problem is setting around half of the set. price is in russia next year may go up faster than expected the central bank is concerned the poor harvest will push food prices and inflation above the official target of six and a half percent the price of wheat that staple of the russian died has jumped thirty percent in the last year. selling in shelves at around three dollars per kilo which is roughly the same as some meat. and finally the three wise men started the tradition but while the only bought one present each it seems this year russians will be buying them for the mult

dragging after moody's threatened to cut spain's credit rating the bank has lost their one percent barclays over two percent based on russia's losing ground the selling emanate use the my six off investment banks credit suisse and morgan stanley to value the r.t.s. as it is a merger of moscow's two label says. energy stocks have lost ground in the last moments because the swing into the red it comes as u.s. will grow sending light sweet on the eighty eight dollars a barrel. that's all we've got time for this hour to join us in fifteen minutes. wealthy british style. sometimes. target. markets why not scandals. find out what's really happening to the global economy in the cause a report on. line in russia would be so much brighter if you knew about someone from phones to impressions. please for instance on t.v. dot com. in india in the movie the joint the hotel's t.l.v. lets the gateway photo the brand imperial trying to talk western coast coromandel new kind of let her tell the closeness giotto says don't need to go and. read the some of the kennel was her job as risk or treat. live from mo

or barclays bank they're all technically insolvent and they all get together to create the world bank and the i.m.f. how can the sum of the parts be greater then the bankruptcy of the individual bit can be this all bank group did it's absurd that they would buy this of course the problem again is that it's what you think it is if that if the propaganda is to the irish people that they need to be taken over and they buy that propaganda then that's what it is a self-fulfilling prophecy remember in the age of five currency stacie since the seventy's we've had all the fear currencies there is no supply and demand there is no economics it's just financial propaganda and if you want your own financial propaganda imagine silver it five hundred you can do it if you want it is that simple and you can compete with these guys well you've got a brain you've got an imagination well max. by the way as we're going through this you're seeing some photos back there that's of the protest at this bailout from that quote unquote bailout from the e.u. and i.m.f. now ten billion euros of the eighty five bi

is shedding over point seven percent of its decision over spain's banking stocks on the downturn barclays slips two and a half percent in london bank down one point six percent in frankfurt and russia's r.t.s. m i six have trading higher noon but energy and banking stocks are mostly lower cross telecom is the top loser on the minds it's with shares down around three quarters of a percent to sharing point four percent oil is up nearly a percent. well some of them has acquired australian uranium produce a mantra for more than one billion dollars russia's nuclear holding company is expanding its interest to supply reactors it's building in countries such as china and india and turkey currently controls forty percent of the global uranium enrichment market. countries operating the caspian oil pipeline from kazakhstan to the russian black sea to the russian black sea port doubling the capacity of the project russian kazakhstan have signed a deal to invest five point four billion dollars to boost deliveries to sixty seven million tons of oil annually this will secure export capacity for the gro

a girl from barclays is expected to recover after being shot this last week and these are the photos provided by her family there exclusive for kron4 news and they show her in the hospital patched up and healing from a gunshot. she was in critical condition but is not stable and recovering quickly. kron4 news reggie kumar talk with the aunt who lived with the girls were shot. >> the nine your girl's aunt tells us she was upstairs when a man walked to our front door and rang the doorbell. in east saw here recovering in hospital bed after being shot four times while looking for a window to see who is at the door. you can see in these pictures polis >> her face and neck and > > my knees looked out and i decided shooting up the spirit who would do something like that. soon a girl looking out the window it she could of looked away. >> they fired at least 10 times. blows were found in bed as head of the house. the victims and wanted to address allegations that the family was in again >> we are not in and getting it. we come from a good family >>. you have no idea who did this? >> all know

look at barclay's enand ubs. this is a fed more aggressive than we've ever seen.een a central bank take on such responsibility. the fed would say we averted a great depression because the fed was moving quickly getting an awful lot of money into the system. we' detractors will say this amounted to another bailout to wall street. all of these loans are backed by collateral, have been paid back. the benefit here was the very low interest availability of money at a time when money had seized up completely. >> there were two issues. one is, low interest. at that time even paying interest wasn't going to get you that money. we should explain overnight loans. these are loans that often banks make to each other overnight. to keep everybody liquid. and those weren't happening. banks weren't trusting each other to loan money. so banks and companies needed to get money, short-term money, not big loans to build plants and things. this is operating money. >> this is the shortest kind of term. when you saw the companies on the screen there, the banks who were using the overnig

merrill lynch, jpmorgan, citigroup, bear stearns, barclays, goldman sachs, ag, general electric, evenerizon communications. so you just loaned out $9 trillion to megabanks with no requirement that they lend to small and medium sized businesses. so what kind of interest rate do you ask for? how about virtually zero? interest rates were as low as .5%. of course, nine trillion dwarfs the official bailout of $700 billion signed into law under president bush. >>> one of three federal appeals court judges assigned to consider the constitutionality of california's ban on same-sex marriage refuses to disqualify himself. prop 8 supporters had asked judge stephen reinhardt to step down from the case because his wife is the recently retired executive director of the american civil liberties union. the aclu supports same-sex marriage. judge reinhardt says, "i will be able to rule impartially on this appeal and i will do so." >>> coming up, a project with a purpose. how these low tech low cost limbs will change lives around the world. >>> and thin there's high-tech. how the next generation of pros

the swiss bank or barclay's, the british bank, taking advantage of u.s. taxpayer resources that's controversial but there was a lot of that borrowing by european and asian banks. >> brown: a lot of it controversial, you say, but not known at the time. >> yeah, i think it was noted they were eligible but the extent of that lending and the degree to which major european banks were depending on the federal reserve in the fall of 2008, that's a surprise. >> brown: all of this was released against the will, i think we can say, of the fed, right? under the new regulations. and there was an immediate response. tell us about what... why did they not want this out and what happened when it came snout >> well, what they sphere if they release too much information about who's getting their emergency loans that people in another... in a future crisis won't take advantage of those programs. the idea is to try and pump money into the economy. if people are afraid there will be a stigma attached they might not participate. that said, this was as you say part of the dodd

in the banks but we looked at the sovereign wealth funds, actually qatar wealth fund came in for barclay'sand... a bank that could have been in great difficulty was helped through by that intervention so we had to take the action ourselves and luckily other countries followed. because if we had been left isolated for too long i don't think the british financial system would have come out of this very well. because other countries would have found a better solution but they didn't. >> what are the lessons of politics and what is your either praise or criticism of the way politics works in this 21st censurely. >> well, you know, charlie, i've had time to think about it. a lot of times on my hand to consider these issues. and i think there's one phrase that sums up what i feel now. global problems need global slugss. in the 19th century, countries like britain and america could solve all their problems by looking at what they could do about national institutions and national policies so building roads, or dealing with your banking system or getting a welfare system into place. you did that at

i mean we had just -- >> but it did do for the usb, barclays. >> but we did for banks operating in britainas well, so the americans and britons played a global role. there's no doubt about it, but america and britain were both doing similar things. they were helping foreign banks that were based in their own countries. the question for the long run is how can you have global financial markets within the national regulators? how can you solve the problems where there are instabilities in the global floor of capital when all you have is a regulator sitting in britain or america or somewhere not knowing what's happening in the rest of the world, so the real answer to this is to have proper global financial supervision so that people have some certainty that there is not a race to the bottom in financial standards which is really what happened over the last ten years. a race to the bottom in financial standards and all these terms, cdss, cbos is really jargon for banks betting and speculating with other people's money and you have to have proper supervision. >> gordon brown, thank you very muc

american taxpayers, the british bank barclays, they got $10 billion, and belgian bank dexaa.g. put in $20 billion. eric bolling will help us make sense of this from the fox business network. good morning, eric. obviously ubs has a huge trading arm this year in -- based here in the united states. it would make sense that we had to bolster these banks if we were going to bolster our own. >> absolutely, i get your point here, there's a web, any financial transaction may go through country to country, may come back here. if you're going to go ahead and bail out u.s. banks, do you go ahead and bail out the foreign banks. so those who say don't bail out any banks, too big to fail, too important to fail, has risks associated with it, so when you spend $3.3 trillion, and right now, i'm reading estimates could be as high as $9 trillion of emergency loans that went to not all u.s. banks but around the world, not only banks, martha -- here's the other part of it. in some cases, korean auto companies, other financial institutions that aren't banks alone were getting u.s. -- were getting ai