global the euro zone's bailout fund and a sky high salary for bank of america c.e.o. and david house will join us to talk about his case records rule that he could actually take the government to court of what he calls a violation of his first and fourth amendment rights they seize his belongings of the border questioned him for ninety minutes but was it all politically motivated we have all of that and more for you tonight including a dose of happy hour but first take a look at the mainstream media has decided to be its. well it's like that time the time when the mainstream media paid a lot of attention to the war in afghanistan that was short lived here fortunately it only occurred after the tragic massacre of seventeen civilians allegedly by one u.s. army staff sergeant robert bales but we saw a drastic shift then the media started asking if the war was worth it they finally woke up to the reality that this is a conflict that after ten years is anywhere near winnable but not sure if they actually realized yet that it's because we don't know what to define or how to

oh absolutely and you take the bank of america c.e.o. prime when this guy got a seven time he was compensation was resultingly six hundred percent at the same time while bank of america was being investigated for fraud they paid a massive settlement to the american government for a quarter for these guys were committing fraud and here's the best part there you went down fifty percent now i work as a cashier register and my register came up short fifty percent i would lose my job at bank of america the c.e.o. gets a six hundred percent bonus and the average person doesn't understand that it just makes them really angry and they deserve to be angry so now there seems to be this sentiment that those that are responsible for the financial meltdown are not being held accountable and that probably has to go hand in hand with the fact that this survey two thirds of the of americans are now unhappy with the current economic model but it's a model that's been around for a long time so why are people so unhappy with it now well i think we've got so

bank of america c.e.o. brian moynihan one hand was given a seven point five million dollars pay package for last year from eleven six times as much as in twenty ten he didn't mind he got this enormous payoff while the company's stock was tumbling and losing its status as the largest bank in the country oh and let's not forget according to whistleblowers one hand is the head of a bank intentionally blocking troubled homeowners from getting mortgages eight bank of america was also hit last year charges that discriminated against minorities in its lending practices so what happens when you're the c.e.o. of one of the most corrupt corporations in american history if you get millions and millions of dollars something very wrong with that picture and a very very ugly supreme court justice antonin scalia during yesterday's final day of oral arguments over obamacare soleus seemed a mate someone would expect him and the rest of the court to read over the entire text of the head. carol law and referred to that as a c

is tailing upward is these people are in a position right who's on the board of bank of america that decides on his the c.e.o. salary it's other people who make a ton of money it's not the workers it's not bank employees from bank of america it's not you and me. it's going to be interesting this year because i know that several unions and progressive groups are planning to do shareholder actions at a lot of the major banks and other big corporations and we'll see it because they do have to hold shareholder meetings and it's shareholder meeting season so there will be people going into these shareholder meetings and saying hey wait a minute i are we paying these guys so much money to continue to tank the economy to keep foreclosing on your working family is to i mean the list you know totally it's very very interesting why is he making seven million dollars and we do appreciate all your reporting on this it's really brought to light a lot of interesting stuff there jaffe associate editor at alter net. zero or four years out from the collapse of the u.s. and world economies and millions of americans are still

will fill you in on the easy money makers of the central banking regime meanwhile bank of america find yet another way to cash in on taxpayers and j.p. morgan c.e.o. jamie diamond find yet another way to cash in on attention as a drama queen or king i guess soundings gets a friend on regulation wall lashing out at us the u.s. media we'll tell you what we think let's get to today's capital account. the u.s. commodity futures trading commission is having roundtable talks they won and today they'll go on tomorrow to talk about how to protect customer money in the aftermath of the m.f. global collapse you know remember the eighth largest bankruptcy in the u.s. where they are still looking for a reported one point six billion dollars in missing customer money the firm run by former goldman sachs c.e.o. senator also new jersey governor john corazon well james to les is our guest he's a lawyer representing eight thousand and the global customers in the bankruptcy proceedings pro bono mind you so he tells me and he has told me that any new u.s. regulations won't be very effective as long as firms can just skirt them skirt u.s. regulators by going through

next, $7.5 million, that's how much of bank of america's money that the c.e.o. was paid last year. bought -- what he brought home in 2010. good job. and finally, $500 million. that's the total jackpot of tomorrow night's mega millions drawing. it's a record for the multistate lottery. and gretchen is going to buy a ticket. >> you got that right. here's an inspiring story that is about a little girl's journey from living under chinese rule and then immigrating to america's inner city. she left china at the age of 10 and came to the united states with her parents. now, after years of growing up in this country and discovering the ins and outs of the american culture, she has a new understanding of what we call the american dream. she is the author of "chinese girl in the ghetto" and she's my guest today. good morning to you. >> good morning, gretchen. thank you for having me. >> you came from china and lived in the inner city in oakland. it was a tough road as an immigrant. right? >> that's right. when i came, i expected the streets of america to be paved with gold. as it turned out,

bank of america. baird voiced worries over the bank's earnings power. one area of strength in finance today-- private equity firm kkr. it announced the hiring of a former wall street c.e.o. john mack headed up investment bank morgan stanley during the credit crisis, leaving last year. he is now a senior advisor to private equity firm kkr. shares of kkr fought the weak tape for the financial sector, rising more than 1% to a six week high. we mentioned homebuilders earlier. they also fought the weak tone in the market, even though the latest national home price data continue showing weaker prices. homebuilder lennar helped its stock sector by reporting earnings twice as much as wall street anticipated. a key sign of strength, new orders for homes, jumped more than 30%, leading the company to say it sees a real recovery in housing. still, lennar's c.e.o. calls the recovery erratic, but notes the builder is able to raise prices while reducing its inventory of unsold homes. with today's 4.7% rally, lennar stock is at its highest price since the summer of 2007. more analysis of lennar's stock chart under the "blogs" tab at nbr.com. other builder stocks caught bids off the len

bank of america was up almost 2%. today's improving figures on fewer americans filing for first-time unemployment benefits wasn't necessarily behind a big jump in monster worldwide, the online jobs site. instead, the c.e.o. says he's considering strategic alternatives. that's wall-street speak for the company may be for sale. shares shot up 15% on very heavy volume. the company did not elaborate on the c.e.o.'s comments, but they come as the share price is half what it was one year ago. competition from facebook and linkedin has hurt its traditional market. another company suffering from tough competition-- blackberry device maker research in motion. shares sank 4% after an analyst speculated the company will issue a warning about slower demand for its blackberries. the company's quarteends saturday. it's warned about profits twice in the past year. we mentioned some of the stronger february retail sales reports earlier, and those translated into stock gains. the gap jumped more than 7%. this is a new 52-week high. macy's is at a four and a half year high, up more than 2%. but kohl's stock fell more than 1.5% after its disappointing february. one more note from a retailer of sorts-- grocery store chain

criminal trial of a world leader over the two thousand and eight bonanza prices so when will we ever see a u.s. bank c.e.o. or someone like hank paulson who was instrumental in bailing out america's banks during the financial crisis take the stand to answer for their actions we'll tell you what we think let's get today's capital account. now as i said china has just come out and lowered its growth target for g.d.p. from eight percent to seven point five percent and its premier reportedly said in his speech that the nation needs to shift to a more sustainable economy so one that's more consumption driven shifting away from alliance on exports and capital spending so let's talk about what is a sustainable economy the u.s. model as a consumer economy has proven not to be so sustainable as we've seen that huge bubble that burst in two thousand and eight and a consumer economy that has sputtered along since we've seen it take a disproportionate told the u.s. has for example five percent of the world's population consumes twenty two percent of the oil according to figures from the energy information administration and people conflate consumerism and capitalism as one and the same but a