it's credit suisse there's a south korean bank that worked with credit suisse to buy one point five billion dollars worth of subprime assets from j.p. morgan chase and goldman and other companies that went to zero they basically took the money of individuals in south korea and their regular bank accounts who wanted to make a little bit extra and supposedly secure funds that's gone this is happening throughout the world so the more these companies get away with it the more they have the ability to not just be providing credit lines and confiscating money from the big partners like m.f. global but also having customers who have bank accounts with them who they suggest to have funds with them that they can then put some of the assets back in the don't do well and take money from people that way it's it's a continued global implosion in the process because there's no accountability there's no regulators not in the u.s. not in the u.k. not for some global perspective who's putting any kind of a watch on this or any kind of a stop to it so i was j.p. morgan continues to steal from its own custome

credit suisse's jersey predicts the 10-year won't be much higher than it is today. >> reporter: by year end, you will more or less make the coupon, you'll make the yield of say 2 percent, if that's, let's say, what the fund is yielding today. it's not a stellar outcome, but with think as part of a balance portfolio, it makes a lot of sense. on the other hand, goldman's >> reporter: beinner says the yield on 10-year could fall as low as 1.5%. and, because bond prices move in the opposite direction, that could give bond investors a nice rally. >> if we get into a deflationary situation that's emanating out of europe, probably not emanating from the u.s. initially, that could happen, at least in the short term. likely unless something material has changed at that point, that might be a good selling opportunity. >> reporter: one other factor for bond investors to keep in mind is what the federal reserve plans to do with interest rates this year, and that's absolutely nothing-- more good news for bonds. suzanne pratt, "nightly business report," new york. >> susie: our guest tonight is buying

morgan and whatever credit suisse and other banks i'm sure that you know the government could spend that money if they actually cared but they do and. they would rather literally the symbols of washington of this country incredible rather than have any bank crumble because i think i think for them they're like you know we need to find more than just to find a real life metaphor to describe just how much they're screwing up the country through the nation's capital you know what not only is washington crumbling metaphorically speaking it's actually literally crumbling so why is it literally crumbling i think that they just want to just one of the kind of. stamp a message home cameras and that's the time don't expect much guys were nation's monuments are crumbling shannen well the government actually is spending money to fix the washington monument he was just writing the last tree how much of the government spending time and the exact numbers but it's the new private sector participation of fix the washingtonian republic private partnership to me. in europe with the banks and i mean this i

second chance to access its new long term refinancing operation or l t r o that's according to credit suisse so what are l.t.r. as exactly well here's the formal definition ok these are repo auctions used by the european central bank for the content for the conduct rather of monetary policy they form part of the central bank's open market operations but instead of providing short term financing for commercial banks as is done through m r o's the l t r o's offer a longer term financing typically using repos that mature after three months let me break this down for you though away from kind of this language that is kind of confusing so this is one of the normal tools used by the e c b to conduct monetary policy why has it gotten so much attention now let me tell you the reason it is because the amount of money and the maturity of these recent loans were longer and higher than we've seen they were auctioned on december twenty second the loans typically mature in three months these mature in three years and almost five hundred billion euros worth were auctioned off for banks to borrow so this is

credit suisse downgrading the stock. how do you play that space? what's going on at adm?ges are good. adm is no good. >> i'm more interested in a name like cf. you get the nitrogen exposure. that is tied to corn prices. corn prices relatively low on the year. i think cf is the name to own in the space. one more name that flies relatively under the radar, dar, darling international, you get corn exposure there as well. >> patty, adm making less money in almost all of its major units. >> yeah, that's one of the reasons why i've been staying out of it recently. the play that i've been using has been potash. i've been in syngenta, those are much better places to be. >>> next up, we're answering your tweets when we come back. americans are always ready to work hard for a better future. since ameriprise financial was founded back in 1894, they've been committed to putting clients first. helping generations through tough times. good times. never taking a bailout. there when you need them. helping millions of americans over the centuries. the strength of a global financial leader

meanwhile, credit suisse board member has said banker bonuses are likely to shrink by half n.investment bankers are set to be hit hardest. job cuts were likely. more from jim rogers. are you happy to hear that? >> finance is going to be a terrible place to be for the next 10 or 15 years. all of these guys getting mbas making terrible mistakes because there's not going to be a lot of money in finance. as far as the guy at rbs, i'm glad he didn't get his bonus. it seems to me he's doing what he's paid to do. if he really thinks he should get something, he should get options, you know, ten-year options so if he does produce something, or five-year options, then he can benefit. but just to get money coming there -- those days are over, christine. all those guys in finance who think they deserve a big bonus every year, that's finished. that's finished. they're in the wrong field. >> hey, jim, it's jackie in the states. i don't know if we're finished with the big bonuses but certainly definitely going to put them on hold for a while. meantime, i want to get your take when we talk ab

deutsche bank down about 6% in early trade credit, suisse down 4%.i actually raised to a buy from neutral. goldman expecting the company to reach an roe by 20 14 even with citi holdings. >> now we go to sharon. >> no matter where i look on this floor or who i talk to, everyone is expressing a lack of confidence about what is happening in europe. we are looking at lower equities and lower energy prizes across the board. we're looking at the situation between iran and eu. another reason why some traders are saying oil prices are lower. they want to make the first move and stop the export before the import ban goes into effect that the eu agreed on a week ago. the saudi oil minuister says if there are any shortages, we were prepared to make up for them. copper prices are lower but poised for the biggest gain in a long time, and keep your eyes on gold. we're going to see kol vilt, you have to take delivery or roll over to the next month. but that tells you what the sentiment is the gold is in euros. >> pressure off ringifresh off g bell we have scott cas

best buy reinstated outperformed at credit suisse with a $32 price target. >>> investors allocated $70 billion of new net capital to hedge funds in 2011. will the institutional investors keep putting money into the so-called smart money managers? john, that is a good place to start. hedge fund performance not particularly good. yet assets continue to flow in. why? >> yeah. you know, david, the real opportunity people see in hedge funds is really for the noncorrelated returns. what you've seen is you've seen different markets. hedge funds are pretty nimble. they can go into the united states. they can move into em. they can move up and down the asset curve. they can really play bonds or they can play commodities. really, a lot of the hedge funds have done exactly just that. those are the ones that perform the best, the ones that were nimble. some of the multistrategy ones last year outperformed. those are the sort of things that i think people are looking for in today's market environment. >> and the pension funds continue to be willing to look for that and p

are backing these deals, b of a, merrill lynch advised pep boys on the transaction and i noticed credit suisse says the best place to put your money is in high quality stocks. hirsch cohen of clearbridge advisers, thanks for coming in. >> thank you. >> this idea of going into high quality stocks one you've been talking about for a couple of years. you think it's the fed pushing people there? >> two years ago every call i was getting was, every all from people saying i have a cd expiring or treasury bill, where can i get higher returns with no risk. you can't, there is no such place but you look at high quality common stocks where the price-to-earnings ratio were lower, yields were high, dividends were higher up front than they had been in years. you had higher yields on dividend paying stocks than high quality bonds for its first time since the mid 1950s and so on an absolute and relative basis it seems to be the place to go. in terms of quality, it's an interesting thing. i think that bernanke is definitely forcing people out on the risk curve and i think he's trying desperately to reflate th

bloomberg position he was managing director of donaldson, and managing director and senior partner at credit suisse first boston. next to him is ted leonsis, the founder, chairman and ceo of monumental sports and entertainment. he is the major owner of the washington capitals hockey team, and the washington wizards basketball team. and believe me, when we're discussing innovation in our nation's capital we could use a few more wizards. he also operates the brighton center in downtown d.c. prior to his foray in professional sports he was vice chairman at america online. he is active in many different areas. he is the founder and chairman of stag film which produces and distributes documentary films and he has had some huge successes in that area. he also serves as vice chairman of group on and of directors of american express and a number of other companies. he is a well-known blog called ted's take which always has lots of interesting material on it. i was looking at it yesterday in it featured a quote from winston churchill which i believe one of the season ticket holders attempt and the closer wh

pressure that he was managing director of donaldson and managing director of senior partner at credit suisse first boston. next to him is ted leonsays, ceo of monumental sports and entertainment. cheese major owner of the washington capitals hockey team and the washington wizards basketball team. believe me when we are discussing innovation in the nation's capital we could use a few more wizards. he also operates the drive-in center in downtown b.c.. d.c.. he was vice chairman at american -- america online. he is active in many areas. he was the founder and chairman of snag film which produces and distributes documentary films. huge success in that area. he serves as vice chairman of groupon and on the board of directors of american express and other companies. he is a well-known blog called ted's take which always has lots of interesting material. i was looking at it yesterday and it featured a quote from winston churchill which one of the season ticketholders had for him and it said when you were going through hell, keep going. that sounded like good advice. bill boston holds the chair in