the banks are still getting the money even though people are being helped with the abolish debt max wolf also broke that down for us take a listen if you buy debts of people who were in a hopeless situation and have virtually no chance of repairing their what you're actually doing is transferring money from your liberal donors to the banks that own that money all that that would otherwise not be paid at all. well definitely quite a few concerns rotating out there but others who support this idea say it's better to do something then do nothing at all so we'll have to wait and see exactly how much money the occupy wall street movement is going to get be able to collect through this project certainly we are seeing people that are trying to find the cracks in this and this plan another thing that critics are saying is that what this will inevitably lead to is an increase in taxes that there's going to be consequences to this and i want to pull up there's this quote it's from business week it states quote a person can truly disappear with no consequences the amount forgiven is technically inc

the debt that exists out there in this country a little earlier today we caught up with economist max wolf who compared this to trying to eradicate homelessness take a listen to how he explained it you go home and you get all your friends together and you make a giant you know giant pot of macaroni and you drive around you give a whole bunch of people who you hope you have insulted because of their personal style but who actually are homeless who walk up to them and you give them a spoon and a bag of macaroni is that a good thing to do sure will feed those people yes will they be happy does it and almost this poor. another major aspect of this that experts are questioning is of course the issue of taxes because under the tax code that exists in the united states a council lieschen of debt is seen as an income and this may seem kind of a little bit confusing to most people because the way this works is that even if your debt is canceled that is still seen as money that you now are responsible for taxing so and more importantly this is a dollar per dollar transaction so certainly people the

he says the company is just beginning to tap the potential max wolf takes the other side.thinks many current investors may be waiting for the stock to go higher before selling and getting in now could be a sucker's play. thank you for joining us today. max, what about this rally today when we expected more insiders to sell? what do you think is going to be here? >> it's a great number. we have to remember when we talk about facebook there's an unusual amount of private share trade activity. what you have is a lot of employees, a lot of people who bought at 28, 30, 32, $34. they're waiting for it to get stronger. we should keep in mind the company is doing some interesting things and usually does absolutely the best quarter in the fourth quarter. so it's probably not a time to really sell out. we also saw some weakness ahead of today as people got overly frightened about the lockup. last thing i'd add is in the past, facebook hasn't sold off immediately on the lockup. it sold off a few days later when prominent insiders decided to turn some of that promise they might get in

mitt romney as i said just kind of maxed out on white voters and still lost 332 electoral college votes. the overwhelming evidence, wolf facing kind of a hill. democrats won the popular vote in five of the last six presidential elections. it's not a coincidence. this coalition, as it currently stands, the coalition of the ascendant among republicans have a choice, crack it or rage against it. what you saw romney and reagan. >> even when al gore lost, he had more votes nationally than george w. bush. >>> jack is back with the cafarty file. jack? >> following up on what you're talking about. the question this hour is hillary clinton. the answer might not make any difference what the republicans do between now and the next election. bob in florida writes the last thing we need is another liberal know it all with zero economic or financial experience. someone who never created a job, balanced a budget or met a payroll. remember first attempt at universal health care. fortunately we stopped that one. kim in kansas writes, "too early to tell, jack. she should be the minimum standard of talent and popularity required to be a

max hybrid. >>> the new president of mexico will visit the white house days before he takes office. enrique pena nieto will meet with president obama later today. wolf blitzer will sit down with the president-elect nieto and you will hear that interview later today on cnn. now, one of the topics the two leaders will likely discuss is immigration. it's a hot button issue between the united states and mechanixi. immigration laws in the united states have gotten tougher. yes, tougher. so tough, many families are returning to mexico from the united states. >> a 10-year-old boy is struggling with his homework. oscar is getting extra help from his father because he's having trouble adjusting to his new school. >> when you left you were in, what, fourth grade? >> third grade. >> the fifth grader is technically a foreigner in his homeland. he was born in arizona. >> i pledge allegiance -- >> has approximatet been difficult for you to be here in mexico? >> kind of. >> why? >> because i have to speak another language. >> oscar's 6-year-old sister, angie, also is an american citizen. she says she misses american stores, bigger houses and parks. their parents,

wolf. >> i'm sure we will. he'll do just fine. >> right. >> thanks very much. >>> the accused mastermind behind 9/11 potentially closer to coming to this very country he allegedly conspired to attack. >>> maxnose parkinsons with a simple phone call. >> they leave a voice recording, the alga rhythms will get an indication whether or not they have parkinsons. >> how confident can you be that that person has parkinsons? >> to 99%. >> that's pretty incredible. if he succeeds, he could change the game for parkinsons patients and doctors. on the next list. let's say you want to get ahead in your career. how do you get from here... to here? at university of phoenix we're moving career planning forward so you can start figuring that out sooner. ln fact, by thinking about where want your education to lead, while you're still in school, you might find the best route... leads somewhere you weren't even looking. let's get to work. you can stay in and like something... or you can get out there and actually like something. the lexus december to remember sales event is on. this is the pursuit of perfection. in that time there've been some good days. and some difficult ones. but, through it all, we've per