rules changed the law if you're a bad boy finally i am a cuckoo pig fast twenty eleven bank of america merrill lynch is offering to buy claims against m.f. global. so bank of america's merrill lynch unit is soliciting for the purchase of claims against m.f. global as you may recall max bank of america is one of the major creditors of m.f. global with j.p. morgan and is reported to be one of the debtors along with j.p. morgan involved of the litigation trying to obtain superiority of their claims over customers whose money was taken last stolen by parties unknown for now that we're close the balance sheet is owned by the federal reserve so when they say oh bank of america wells with other. bank of america merrill lynch they're. just joined into the up with. with the federal reserve bank is just going to expand their balance sheet by however many trillions of requires to make all these these unholy security but it's also max the case is here that because of their power in this mafia of this syndicate this racket they're able to put these segregated account holders in a distressed position by being mor

economist at bank of america merrill lynch global research. >> the jobs report for october showed the economy has continued to add jobs, just doing so at a sluggish pace, so it doesn't change our overall view of the recovery. it still suggests it is on-going, it is just very slow and quite feeble. the economy is adding about 100,000 jobs each month, which is about what you need to keep up with population growth. it's not exceeding that, which is what's keeping the unemployment rate high, close to 9%. >>> prime minister yoshihiko noda will decide whether they will resume talks on the free trade agreement. >> translator: a team in democratic party is having discussion of the issue. when that discussion is finished, the issue will be brought to a meeting of ministers. there will then be a decision by top government and party executives. whatever the outcome may be, i will have to make the final decision. i am ready to do that when the time comes. >> noda said he'll do everything he can to promote the national interest if japan joins the tpp talks. noda had just taken part in the g-20 sum

a monthly analysis from bank of america merrill lynch found investors increasingly optimistic about europe'st its financial house in order. the italian senate passed a new budget law, allowing for formation of an emergency government. and greece's new prime minister, lucas pappendemos is forming a new cabinet. in stocks, disney led the gains higher on solid gains in sales and theater revenue. and caterpillar rallied on news they're shifting some production from japan to north america to cut down on heavy equipment shipping costs. that's it from cnbc, first in business worldwide. now back to "hardball." >>> on this veterans day, let us commit ourselves to keep making sure that our veterans receive the care and benefits that they have earned, the opportunity they defend and deserve, and above all, let us welcome them home as what they are, an integral, essential part of our american family. >>> welcome back to "hardball." that was, of course, president obama today at arlington national cemetery. returning veterans today, by the way, face a rough job market, as you might expect. and for veteran

any of the other banks that they're looking at doing the same sorts of things because they really do tons of copy each other bank of america tended to be worse simply because they got merrill lynch and its acquisition of merrill lynch was never transparent and never understood it was losing value even as the ink on the deal of the federal reserve treasury department and bank of america was drying so in that respect it is the riskiest most scary bank right now right now as you said nomi prins thanks so much for being on the show the problem is so much larger and has to do with this fifth down i was no mean print in l.a. . all right before we go a quick reality check because the fed today its cut support asked for economic growth and it's raised its forecast on unemployment but it came out and said it will not do more to stimulate growth because the economy has strengthened and it touted the third quarter g.d.p. that recently came out as proof. the grossest rates and during the search order reflecting a quarter reversals of temporary factors that had weighed on growth for earlier in the year ok really quick reality check for people that are excited about last quarter's growth whic

>> well, certainly when judge rakoff rejected a settlement with bank of america over its acquisition of merrill lynch and not telling shareholders about certain things that it knew about merrill lynch beforehand, he has used very pointed language and has raised questions about particularly the aspect of the settlement in which the company neither admits nor denies the charges. this is a typical s.e.c. settlement. it allows companies to do this because it's a way to get a settlement and avoid a trial that would be very expensive for the s.e.c. and beneficial to a company that has deep pockets like citigroup or goldman sachs. >> suarez: jacob frankal, this is a world you know well. what did you see in the 15-page order entered today by judge rakoff. >> what i saw was the judge saying to the s.e.c.-- and really to citigroup as well-- you did not tell me, the jumg, enough to be able to sign off on the settlement because this practice of the s.e.c. settling cases without admitting or denying allegations although judge rakoff certainly did criticize that methodology, the fact is that it's very important fo

. >>> customers of bank of america and merrill lynch have a chance to tour bay area museums today fore. it's part of the museum on us program. here's a list of some. places you can go. >>> in the south by, there's the san jose museum of art and the tech museum of innovation. >>> daylight saving time ends this weekend, and go for it! >> that means of course you get an extra hour so you should turn your clock become an hour tonight. the official time change is at 2:00 sunday morning so we can always call you from here and wake you up. while you're adjusting your clocks, it's a god idea to put in new batteries in your smoke alarms and carbon monoxide de detectors. >>> you never when whenner on. >> i'll take it! good morning to you! always be prepared. all right. giving a lining at what you can expect outside your doors this morning. mostly cloudy skies, a chilly start to the day. although over north bay, 6 to 8- degree warmer because of those high clouds and as a result of those high clouds, frost advisory. no longer in effect for the north bay. 39 degrees right now in santa rosa. 38 in

i will be brief and then we will launch a quick video and on behalf of bank of america and merrill lynch colleagues i would like to acknowledge what an honor it is to support the school and an occasion and to be a sponsor of the 20,111th amendment award. through the school mrs. loeb wanted to encourage young writers and foster an understanding of the appreciation for the first amendment. today an increasing number of students are attending the schools class's and low-cost workshops. the first amendment gives us a free press and speech among other liberties as a fundamental principal of mrs. loeb's legacy. the first amendment which is enacted in 1791 is on the back of your program and bares repeating. congress shall make no law we respecting establishment of religion or prohibiting the exercise thereof for bridging the freedom of speech or the press or the right of the people to assemble to petition the government for the redress bill read these freedoms protected by the first amendment of the foundation of the american democracy is essential for the informed citizenship in the diverse so

talking about the former head of countrywide countrywide of course was bought up merrill lynch i suppose which got bought up by bank of america which will be soon bought up by j.p. morgan and the problem is. big to fail but don't look under the curtain things get bigger and. this missoula character he of course was caught red handed falsifying documents and committing forgery of course documents and giving loans to muskrat who are living in tree stumps half a million at a time in calling that a legitimate loan made and getting huge fees as a result and then when that one boss they got a huge payout from the government of course that's run by crony friends. who are occupying all the regulatory authorities sure they were the friends of angelo mozilo where the famous like christopher dodd included they were congress people and senators who received special interest rates on loans from mozilla so that's right he made fraudulent loans made because illions of dollars and gave it to politicians to help them reelect him selves and he's off there sunning himself lapping his. who are some of the other martyrs the prime crisis cold mart

i will be brief and then we will launch a quick video and on behalf of bank of america and merrill lynch to acknowledge what an honor it is to support the school and an occasion and to be a sponsor of the 20,111th amendment award. through the school mrs. loeb wanted to encourage young writers and foster an understanding of the appreciation for the first amendment. today an increasing number of students are attending the schools class's and low-cost workshops. the first amendment gives us a free press and speech among other liberties as a fundamental principal of mrs. loeb's legacy. the first amendment which is enacted in 1791 is on the back of your program and bares repeating. congress shall make no law we respecting establishment of religion or prohibiting the exercise thereof for bridging the freedom of speech or the press or the right of the people to assemble to petition the government for the redress bill read these freedoms protected by the first amendment of the foundation of the american democracy is essential for the informed citizenship in the diverse society. recognizing the e

did, had bank of america buy out merrill lynch. jenna?ke some good points there, wend dole. wendell goler traveling with the president. thank you. jon: now this fox news alert. closing arguments set to get underway in the manslaughter trial of michael jackson's physician in los angeles. jurors could begin deciding the fate of dr. conrad murray today. the fox news legal analyst bob massi live from superior court in los angeles. bob, he decided not to testify. a wise move? >> yeah, for sure. it is not unusual. most jurors understand, jon, that defendants are not required to testify. so in reference to this case i don't think it will necessarily make a difference and probably was the right decision in a case like this. jon: we see the judge in a live shot right now. he appears to be reading jury instructions. those can often be confusing for jurors. >> yeah, except this is a very straightforward, one count, involuntary manslaughter, jon. most of these jury instructions will be common stock jury instructions. both sides had to agree on specif

of commercial banks, it's unclear if america's experience really translates here. you can't close greece like we did latham brothers or buy it like a bank of american did merrill lynch, shepard. this about face shocked the world. somebody put heavy pressure on him. >> greek prime minister decided not to have the people of this country vote on the budget cuts and other austerity measures he has already agreed to after the leaders of germany and france warned cut off billions in loans to him as early as next week. he decided the referendum wasn't needed when the opposition leader said support the plan had a different take. >> he almost destroyed greece in europe, the euro, the international stock markets. his own party in order to ensure, what? so he can black mail me and the greek public. >> he made clears days ago the budget cuts were necessary and he will still push for a vote of n. no confidence in his government tomorrow night. >> shepard: very good news on the job market at home. unemployment claims are thought lowest they have been in more than a month. labor department reports applications dropped why 9,000 last week to less than 400,000. that's a five week lo

banks are looking at losing a lot of america. bank of america, a prime example. a ton of settlements going on with countrywide. a lot of faulty securities and loans, same thing with merrill lynched the derivatives portfolio into the depositors side of the bank. they are looking to their captive must kers whethcutters welfare recipients, active service duty people or general population at large to figure out where they can make up for those losses and settlements they are facing in the other side of the book. if you split up their book, if you say, you know what, those losses in your securities portfolio, derivatives portfolio, you know what? we cannot let you pay those with nickel and diming and feeing up your captive customer base, that would be a huge step to ensuring that this kind of thing doesn't happen and customers aren't pillaged for the losses and speculative bad decisions made on the other side of the bank. >> great to see you this morning, nomi. thanks for your time this morning. >> thank you. >>> the primary calendar, all set. new hampshire keeps its status as the first in the nation presidential primary state. details coming your way in just three minutes. uh, i'm

bank of america. they've got maryland doing it now. they sent me notice is constantly -- but that merrill lynch doing it now. they sent me notice is constantly. -- they send me notice is constantly -- notices consulate. their investment people do not know anything. i have to inform myself which is kind of sad. i just look for the boys and girls clubs. -- i just work for the boys and girls clubs. i don't know anything about this. host: on bank transfer day, a moment where there are folks on line and across the nation asking folks to transfer out of their larger banks into smaller community banks and credit unions because of issues over fees and that kind of things, we are asking if you are planning on switching your bank because of the same kind of ideals are maybe you are not planning to do so. you can register your thoughts on line or you can send us your thoughts via the phone. fort wayne, indiana, republican line. caller: i am wondering how people see an advantage of going to a bank. i belong to a credit union. i get the same response. i have tried to open a health savings account and nobody is interested