and fourteen but it's india's centuries old social divide is getting in the way as artie's pretty streeter reports. it's dawn in india's capital city of new delhi an eight year old cushy just wall is getting ready for school while there are nearly two hundred million elementary school children like cushy in india only half that number ever complete the eighth grade most end up leaving school to help their parents with domestic work or to get a job to bring in some extra money i haven't studied much that's why i want to educate my children after growing pressure to address the educational disparities in india the government passed an act making it mandatory for all children between the ages of six and fourteen to get a free education it even requires elite private schools with tuitions nearing five hundred dollars per month to grant a quarter of their seats to students from disadvantaged backgrounds like cushy today there are just as many schools where students have to pay a choice unlike this one as there are free schools that are funded by the government according to the act it's up to th

>>neil: you are a big wall streeter and big investor and i love guys like you but the fact is i would not bet our financial future on guys like you. what i am saying is not to be critical but if we put all our eggs in the wall street day-by-day gyrations and respond to a big temper tantrum thinking if we give them this, it will calm down, it depends what you give them and whether what you give them is long term in the interests of our country. many will argue maybe not. >>guest: you are 1,000 percent broughts in bigger spoiled broughts than market. >>neil: well, you have not met my children. >>guest: and the traders do not care. they know. they understand the real armageddon but that is good enough for wall street. you saw the rebound after we thought greece was rebounded. a heck of a rebound, one week. >>neil: and we realized it was crappy. >>guest: you are right. to try to appease wall street is a huge mistake. the federal deserve does it all the time and the government does et all the time but they play games. washington and wall street. they use each other. >>neil: you are saying

you're either a wall streeter, a banker, or handing out food orders through drive-up windows.ion. talk about a miss no, ma'am mer. we have been duped into paying insane fees and tuitions that somehow these overrated, over funded universities turn out intelligence based on the accelerated rate of the dumbing of america over the last 30 years it's impossible to deny what a scam is being perpetrated here. the cost is not only prohibitive, it's immoral. roger in pennsylvania writes, it's still the high cost of not being educated. david writes, sure, it costs a lot more but honestly it's worth $100,000 to get my kid a degree from a competitive standpoint. what's $100,000 spread out over 40 years or so, $1400 a year? i imagine his or her degree will earn him or her more than that every year. richard it texas writes, come on, jack, even you and i know that the biggest employer was mcdonalds and the other was walmart. it doesn't take a college degree to get promoted to fries or yell clean up on aisle 12. for the jobs available in america these days a. college degree is not a requireme

gary streeter. >> mr. speaker, can i thank my right honorable friend for a swift and decisive action in setting up these inquiries which will get to the bottom of these very serious issues. but looking forward, can i also add my voice to those encouraging him not to be overly distracted of this over the next few months but focus instead on the things that my constituents are concerned about the economy, the jobs and the reform of house services and the contagion in europe? >> my honorable friend is entirely right. we have to sort this issue out. it takes cross-party agreement to do it. we've worked well over the judicial inquiry, over the panel, over the terms of reference over the police inquiry all things the government has taken action on but we do want to get on the issues about which our constituents care about so much. >> will the prime minister immediately put on hold his plans to have elected police commissioners while we learn the lessons of the last few weeks because we should focus on the things

unfortunately, some powerful wall streeters are trying to rewrite history. they claim new regulations are burdensome and will hurt the bottom line and the economy. mr. president, gutless decisions hurt the economy but many executives apparently have forgotten that the only reason they are still in business is that the american taxpayer saved them. now many of these financial institutions have nearly fully recovered while main street continues to pay the price for those bad decisions and inadequate regulations. the wall street reform act established responsible rules to make our financial system work for the benefit of all americans so that we never return to the days of too-big-to-fail bailouts, back room derivatives deals, predatory subprime mortgages and the threat of economic collapse. passing the wall street reform act was a monumental achievement, but there is much work left to be done. now the financial regulators, the experts who have made it their life's work to understand those issues, must work to write rules and implement these reforms. this will