waves across the european debt landscape was speak with former diplomat and investment banker edward harrison about how politics in single countries could impact the global economy meanwhile what did outspoken and famed fund manager you henry tell a panel about europe at the milken institute global conference yesterday about his concerns take a listen but the thing that i fear is for scottish confiscation of my also its. clients lawsuits. he also thinks we're a year away from the french nationalizing their entire banking system we will discuss and speaking of confiscation foreign financial institutions are reportedly frantically preparing and shelling out serious money to comply with u.s. tax relation regulations take a lesson. the legislation is all about the disclosure of information that they have with respect to their u.s. accounts but the way they do it it is the foreign account tax compliance out and as u.s. citizens are shunned by swiss and german banks facing these rules reportedly more evidence comes out that american ex-pats are lining up to give up their passports we'll discuss tha

reflect and occasionally offer our opinion it's all we can do for now so to help us do that is edward harrison founder of credit write downs thank you for being on the show edward good to be now i just want to reflect for a moment because you were on one of our very first shows which was months and months ago now it's been i think about seven months what do we talk about do you remember the problem with saying that we're talking about today exactly it was europe we have been in a suspended state of animation over this whole euro zone crisis i have to be honest i'm sick of talking about it and it's always the same what are they going to do what should they do what shouldn't they do what aren't they doing at work at this point what about doing nothing well you know it's funny you say that you're sick of it that you the policymakers are sick of it and so eventually before you're back to the course of doing nothing of these two it's eventually going to happen is they're going to make an error you know they're in this constant state of stress trying to do something aventure the do the wrong thing t

beyond just europe but we'll still talk a little bit about it we have edward harrison founder of credit write downs after the break also still ahead who works more americans or europeans well one study says americans went out there and despite this another suggests americans are using their vacation time i'll give you our three cents but first your closing market numbers. are sure is that so much you know there's a huge decision on the market just talking the talk this may be the ultimate outcome of the talks in baghdad around some new fuel for the western powers truly interested in. welcome back we're talking to everett harrison about a year of and what's being overlooked by focusing on the crisis every second that there is news or numbers or a meeting it was the eighteenth meeting of the zero euro zone leaders so let's get into what else is being overlooked as you were talking about emerging economies before the break what about the u.s. is this delaying a conversation in the u.s. that needs to happen a serious conversation about the u.s. deficit the u.s. debt i mean i don't know if y

beyond just europe but we'll still talk a little bit about it we have edward harrison founder of credit write downs after the break also still ahead who works more americans or europeans well one study says americans went out there and despite this another suggest americans are using their vacation time i'll give you our three cents but first your closing market numbers. what drives the world the fear mongering used by politicians who makes decisions to break through it sort of it being made who can you trust no one who is you know view with the global machinery see where we had a state controlled capitalism and score sessions when nobody dares to ask we do our tea question more. you know sometimes you see a story and it seems so you think you understand it and then you glimpse something else here so you. some other part of it and realize that everything you just don't know i'm sorry was a big. old lady who would like a little luck and they alone until they all get the real headlines with none of them are the problem with the mainstream media today is that they're completely disconnecte

net policymakers have screwed up enough so that's the question i'm going to pose to our guest edward harrison today he's the author of credit write downs dot com and i don't think he's going to groove me there but i'm going to press him liz and i think people want to see it look forward to watching that and that is coming next on the capital account with lauren lister lauren thank you but that's going to do it now for the news for more on the stories we covered you can check out our you tube channel that is youtube dot com slash r.t. america or check out our website it's r t dot com slash usa you can also follow me on twitter liz wall we'll be right back here and a half hour. wealthy british scientists are. not on the side of the free. market why not come to find out what's really happening to the global economy with max cons or for a no holds barred look at the global financial headlines tune into cars a report on our. morning news today violence is once again fled up the film these are the images the world has been seeing from the streets of canada. giant corporations to rule the day. downl

. >> reporter: and today, one of edwards' top campaign strategists, harrison hickman, shed new light on just how anguished elizabeth edwards was about the "national enquirer" story about her husband's affair. "elizabeth kept saying, 'i don't want to be humiliated," hickman testified. "i don't want my kids to have to deal with this." knowing that, will jurors really be sympathetic to hunter? soon, they'll likely hear from a more sympathetic witness, edwards' daughter, cate. she's been at her father's side nearly every day of this trial, and is expected to take the stand tomorrow. still unclear -- whether the defendant himself will take the stand. that decision expected in the next two days. bob woodruff, abc news. >>> and we got word today that florida a&m university has suspended its famous marching band for at least one more school year. the aftermath of a hazing death. a drum major beaten and kicked on a school bus. 13 band members have already been charged in the death of robert champion last november. the school's president said it would be inappropriate for the band to perform un

. >> reporter: one of edwards' top campaign strategists, harrison hickman, shed new light on just how anguished elizabeth edward was about the national enquirer story about her husband's aff r affair. elizabeth kept saying, i don't want to be humil mated. i don't want my kids to have to deal with this. knowing that, will jurors really be sympathetic to hunter? soon they'll likely hear from a more sympathetic witness, edwards' daughter cate. she's been at her father's side nearly every day of this trial and is expected to take the stand. still unclear whether the defendant himself will take the stand. that decision expected in the next two days. bob woodruff, abc news, new york. >>> in other news this morning, a man convicted of drunk driving three times but who was ultimately pardoned by former mississippi governor hailey barbour back in january is now facing new and more serious charges. he's now accused of driving under the influence and leaving the scene of an accident that actually killed an 18-year-old woman. he claims she pulled out in front of him. >>> police are investigating

it was right after john edwards admitted paternity and harrison is the one that went out and said, thisto deny paternity, he did not want to lie, but he had to explain it to his wife, explain it to his kids. wondering if that may be the reason why harrison hickam is taking the stand. i don't think they'll make a decision about whether john edwards takes the stand until the end of their case. >> until they see how it's going. >> what do you make of the fact the decision what might be called a directed verdict was turned down? >> we talked about this last week. this was really an important time for the defense, and normally it's just kind of routine and you know you're going to get turned down. this case, i think the defense really felt that there was real reason to drop parts of, at least two of the charges, and i think it was a real hit. and i think it puts so much more at stake, starting today, and you know, they're going to come out of the gate with the former commissioner, chairman of the fec, the federal election commission, and they are really going to try, i don't know how much th

harrison two years ago went on the round of talk shows to kind of be john edwards' spokesman. son went out and said, this is why it was a complicated time. he didn't want to deny paternity, he didn't want to lie but he had to explain it to his wife, explain it to his kids. wondering if that may be part of the reason harrison hickman is taking the stands. i don't think they'll make a decision if john edwards takes the stand until the end of their case. >> to see how it's going. >> what do you make of the fact for the decision what might be called a directed verdict was turned down? >> we talked about this last week. this was really an important time for the defense and normally it's routine and you know you're going to get turned down. in this case i think the defense really felt there was real reason to drop parts of at least two of the charges. and i think it was a real hit. and i think it puts so much more at stake, starting today. you know, it's going to come out of the gate with the former commissioner -- chairman of the fec, federal election commission, and they're going t

edwards would hide an affair if he was or wasn't a candidate. and looking at today's defense witness list, we have former election commission chairman scott thomas, we have a political pollster harrisonickman, former edwards lawyer, wade smith, as well as a former campaign finance officer, laura hag arrested, all of them expect -- haggard, all of them expected to focus on the legality of the coverup, rather than dwelling on all of the moral issues and all of the hurt that the affair caused john edwards' cancer-stricken wife elizabeth. bill: we move into phase two. thank you jonathan. here is what's on the line for john edwards. if convicted on all six counts against him he could theoretically face up to 30 years in prison. attorneys tell us any court would sentence him concurrently which means he would get five years max and hefty fines as well. we'll keep you updated. martha: well, new allegations this morning that president obama is trying to divide the country with his support of gay marriage. a top republican says that the white house is using smoke and mirrors to distract voters from the real issue of the election which he believes is the economy. here's john cornyn. >> presiden

>> they called to the stand one witness who is a mutual friend of john edwards and now deceased donor fred barron. pollster harrison hickman recalled a phone conversation that he had with mr. barron while he was on his death bed. in that conversation, barron explained the motivation behind all the money and resources he provided to hide edwards' mistress and her baby. hickman said he did it personally because these were people whose lives had been disrupted by paparazzi. the defense also tried to discredit the testimony of the prosecution's key witness. former campaign aide andrew young. when asked about young, hitman testified if andrew told me it was raining, i would go look out the window. i wouldn't trust him at all based on experiences i had with him. shep? >> shepard: jonathan serrie at the courthouse in greensboro. thanks. the ax is coming down hard at the nation's biggest bank days after jp morgan chase announced it lost billions of dollars in a very bad bet. the same kind of risky trades that really wrecked our economy back in 2008. the company announced that this top executive is out after more than 30 ye

she took full responsibility for the reports and said edwards never had anything to do with them. also on the stand was harrisond political consultant and friend of john edwards who talked about how a cancer diagnosis for edwards' wife elizabeth completely changed the former senator's focus on his political career. one of the most highly anticipated witnesses of the trial wade smith could also take the stand today. he is a lawyer and long-time friend of john edwards from right here in north carolina. ashleigh? >> joe johns reporting for us. >>> now to the other side of the border with mexico, where nearly 50 torsos, no heads, no feet, stuffed into garbage bags and left outside of a refinery town as the drug gang war intensifies. is it about to spill into our country? i'll talk to the mayor of one american border town who served with the fbi and knows a thing or two. [ pilot ] flying teaches me to prepare for turbulence. the key is to have a good strategy. the same goes for my retirement. with the plan my financial advisor and i put together, a quick check and i know my retirement is on course. [ male announcer