emac is a numbers person. spell it out. >> my dear friend rick unger is cherry picking the data. federal worker gets two percent higher benefits and master districts 36 higher and the real issue is benefits are driving 48 percent versus the private worker. why? federal worker gets pension and 401 and private workers only get 401 k's. that is driving the difference. what are you getting for your buck. 401 k money and that's why the numbers are much higher. >> i don't want to get too much in numbers. they get higher wages. >> rick go ahead. except they don't. if it is higher level educational. >> they are geting more in benefits. >> let me add something else. they robbery on a wage freeze. >> no, they are not on they are getting increase in their pay. >> get out of weeds for the moment. one thing that could end is the supplemental pay that goes to employees. if they retire before the age of 62 they get the pay outs. it is for the government worker level and added fact that they have job security. it is hard to fire them. and that happens all of the time. what do you get for the fed

. >> emac. prices immune to supply and demand. >> no, they are affected by supply forces absolutely . here's the deal. people forget most of the oil in the world is government controlled. state owned companies control 70 to 80 percent of the oil supplis and they are taking that money to subsidize failing economis and not funneling it back in oil production. it is lag nothing venezuela and iran because they are not doing the right thing. >> it is hard to argue number with emac. >> it is hard. she made an argument for why prices are staying up anyway even if we do issue more license. steve wants more license during the oil spill. how does that make sense? >> hold on, he asked a question. >> it makes sense because you look at it one by one instead of a blanket one size fits all. if you have a stable dollar and more production. it creates more production. >> and the bp oil spill; is it really all that bad. aren't we recovering? yes we are. >> the problem with the federal judge the obama ruling was a

they die broke. >> emac you like it. >> i like walt disney because of content that.ve of the future. they are sick and tired of cable companies and walt disney delivers it. >> one final overall. is the market over valued right now. >> assets . cheapest in the world. >> not, not over valued. >> not overvalued as bonds.

for a no holds barred look at the global financial headlines kunin to kaiser report on our keep the emacs once mixing is plummeting economy to plan for the moment the tunnel was months in the books are coming at you we all want to see this on fox for ever. coming. up the first six. just so. if the bucs. alex cohen. hard to top stories but to the tabs as the u.n. general assembly scrutinize the syrian crisis the movie team fight song out of time titled the screws are russia and china they push through a new resolution determination consider one right. leg europe gets hit with yet another wave of downgrades as competent collapses over the park's future this as the e.u. presses ahead of its austerity crusade against her will run through greece. and trying to fight the rival the us for the giant struggle to find common ground against the backdrop of an american military buildup in the asia pacific. over to andrew for the latest sport. hello there thanks for watching the sporting these are the headlines game on we'll be sure to inside between the articles gets to go ahead and subzero temperatu

emacs so all said no. >> she's considered an expert on legal issues related commodity and derivatives trading. would you agree mr. parmelee? >> i don't know about laurie ferber's background. i don't know specifically about her background and expertise. i can't speak to that. >> okay, so someone in her position you feel could have no expertise in a serious? >> i feel they would you >> i really don't know anything about her. >> you know who she is? >> no, i don't. >> with no contact with them. >> okay. let the record show nobody knows nothing. i guess in ridding mf global, you assume they would conduct business in accordance with fellow laws and regulations i'm not that they would leave their customers segregated accounts for their own benefit. is that a correct assumption? >> that's correct. >> okay. did you miss them that the cftc and the software works with either response to ability to audit those assets? that's correct. >> which often the same? >> yes, sir. >> did you confirm with ms auditors trace waterhouse coopers that they had verified that controls were in place to prevent una