paint yourself into a corner with no good ways out so i think with the split among the members of the f m c represents is that they're both looking at different strategies each of which has some cost and some benefits and they really are no good choices for me just a kind of be a little bit more explicit you know the debate is you know tapering or reducing asset purchases versus not tapering and continuing asset purchases at the current level maybe even increase in them a little bit so those are the the two camps now in favor of tapering tapering you have a couple things there's genuine concern on the f o m c germiston a particular that this low rate policy to lower rates for so long is actually increasing systemic risk banks are doing kerry trey's they're doing asset swabs the doing all kinds of off balance sheet transactions to try to make money because it's hard to make money in a zero interest rate environment but as a result they're creating systemic risk and perhaps setting us up for another financial collapse so that's one concern on the other hand if you do taper where you're going

several large undergound concrete vaults, used munitions and other remnants of defense contractor f m cupied the site. as a result of the delay, the earthquakes will play their first eight games of the 2014 season at nearby buck shaw stadium in santa clara and one game at stanford, before taking the field here for the 2nd half of the season. also, the exact date for the opening of the be known until the schedule is announced for the 2014 world cup soccer tournament in brazil, which will in turn impact the earthquakes schedule. in san jose rob fladeboe kron 4 news. >> pam: still to come. >> pam: if you paid an electric bill within the last decade, you may be in for some cash. why a rebate check might be coming your way from one of the biggest banks. and goodwill here in the bay area has a big problem. the health issue at the heart of the problem, and why. >> amazing video of a daring escape by a prisoner in arkansas. how he did it, and where he is now -- on the kron-4 news at six. >> pam: in bay area news. police in newark are searching for a group of people accused of smashing the windo

goldman running the e c b o x go right and you've got the head of the f o m c in new york is a guy named bill dudley who's also xcode actually altogether against siri ginzler x. goldman mark carney ex goldman who's the head of the bank of england so you've got all these coincidences and mario monti of course who used to be the head of italy then i think also you know running all these markets running all these countries running all these regulatory agencies while the same companies buying up rights to all the commodities why is that not a dangerous monopoly position was that like soviet union was like your mind if i get here is that the big wall street the big issue is the debt right the debt has spiraled out of control so if you compare q.e. to the titanic voyage on the titanic and actually if you look at the pictures of the captain of the titanic they look like ben bernanke with the same beard ok so what are they going to do you've got to resolve the debt issue people were wearing life jackets on the deck of the titanic while the band was playing saying i don't understand why we're wea

in two thousand and seven she was quoted at a f o m c meeting saying housing remains a concern but i think the process prospects for a really serious housing collapse that spreads to consumer spending have diminished substantially well the housing collapse eventually did become one of the biggest concerns as the entire world to watch the fed bail out the financial system. now everyone is fixated on whether president obama will nominate a hawk or a dove to be the next fair fed chairman but what about the evil versa turkey summers could conceivably end and yellen would probably keep pumping bonds into the markets good would we be better off with the fed chairman who foresaw all the financial panic ahead of time and could have possibly prevented resorting to extraordinary q.e. measures in the first place chairman bernanke he is expected to step down and january this is the profile of janet yellen a front runner for his replacement. joining me is our t.v. producer rachel perseus things first stepping over to our side of the floor here glad to be here let's talk party let's talk about ok

also had no idea of the great recession was coming in two thousand and seven she was quoted at the f o m c meeting saying housing remains a concern but i think the process prospects for a really serious housing collapse that spreads to consumer spending have diminished substantially well the housing collapse eventually did because one of the biggest concerns as the entire world to watch the fed bailout the financial system. now everyone is fixated on whether president obama will nominate a hawk or a dove to be the next fed chairman but what about evil versus a turkey summers could conceivably end and yellen would probably keep pumping bonds into the markets good would we be better off with the fed chairman who foresaw all the financial panic ahead of time and could have possibly prevented resorting to extraordinary q.e. measures in the first place chairman bernanke he is expected to step down and january this is the profile of janet yellen a front runner for his replacement. joining me is our t.v. producer rachel pervious things for stepping over to our side of the floor here glad to be he

two camps now in favor of tapering tapering you have a couple things there's genuine concern on the f o m c germiston in particular that this low rate policy to lower rates for so long is actually increasing systemic risk banks are doing kerry trey's they're doing asset swabs the doing all kinds of off balance sheet transactions to try to make money because it's hard to make money in a zero interest rate environment but as a result they're creating systemic risk in perhaps setting us up for another financial collapse so that's one concern on the other hand if you do taper where you're going to find is that it's very deflationary it's counter to a lot of what the fed's trying to accomplish the fed actually wants more inflation because they're worried about the inflation and they want to cheaper dollars because they want to import some inflation in the form of higher import prices so the problem is but if you keep easing and keep asset purchases and actually try to get more inflation get the cheaper dollar you may be creating bubbles and you may be creating systemic risk so that tapering crow

supports to propose amendments to see up to see rule one point twenty five allowing f c m's to engage in the purchase agreements with collateral deposited by customers the safeguards included in the proposal such as marketability of exclusion for specifically identified property and required compliance with rule one point twenty five report provide ample protection for a customer deposited securities that's a lot of gobbledygook but basically that's how we got to m.f. global and then if they supported this so how can we rely on a self regulatory organization that supported the very measures that got is to john corazon situation well i guess there's two parts to that so one enabled incredibly risky trades however if you read the trustees report the customer money has now you know if you're getting support because we're money was not lost due to that incredible leverage it was a loss because when that trade was at the end of the line cores on it took the cost of money out of those accounts and transferred to j.p. morgan to meet margin calls so this rule is now gone thankfully and i don'

two camps now in favor of taper tapering you have a couple things there's genuine concern on the f o m c germiston a particular that this low rate policy to lower rates for so long is actually increasing systemic risk banks are doing carry trays they're doing asset swabs the doing all kinds of off balance sheet transactions to try to make money because it's hard to make money in a zero interest rate environment but as a result they're creating systemic risk and perhaps setting us up for another financial collapse so that's one concern on the other hand if you do taper where you're going to find is that it's very deflationary it's counter to a lot of what the fed's trying to accomplish the fed actually wants more inflation because they're worried about deflation and they want to cheaper dollars because they want to import some inflation in the form of higher import prices so the problem is but if you keep easing and keep asset purchases and actually try to get more inflation get the cheaper dollar you may be creating bubbles and you may be creating systemic risk so that tapering crowd is

and the f o m c starts to talk about the press conference afterwards talking about capering, and if thegrow. hy was up in the lobby, got close to ben bernanke who was chatting away with paul volcker who is speaking right now to the group and so any market-moving news after the history lesson in vacuum and they. cheryl: what do you plan next year? that will be great this afternoon? we will see you later throughout the day. peter barnes in boston. our next guest has whether they taper or not the liquidity strategy has been blonde from the get go, carson advisers president and chief investment officer in studio and from the reporter in boston, on the defense about the tape during of the liquidity problem. and ms from the beginning. >> the problems they're addressing which is the unemployment rate. and the stimulus that has been poured in, how will they withdraw without having an effect and the equity growth we have seen, the nasdaq hitting the highs we have not seen in a long time, a lot has driven by this liquidity in the market and in this afternoon from ben bernanke, a concern to many p

. >> no podrÍa decir con quiÉn me voy a quedar es un secreto que m me llevar'e he hasta la tumba. >> esto llega lleno de amor c fa dÍas en la casa de los padres de ctaalina. >> su novio gerardo le entrego el anillo0 en donde se encuentn compartiendo sus lindas vas vacaciones y desde aquÍ les e i enviamos muchas fdelkielicidadea esta hermosa parejas, que la s disfruten con mucha salud que es lo mÁs iimportante. >> es miÉrcoles y es dÍa ded n conocer lo de entretenimiento y vamos con jackie. >> asÍ es muchisimas gracias i chicas, un gusto saludarlos, con las noticias de holhollywood y m vamos con celina goÓmez que dfun difundio estÁs fotos por su cm cumpleaÑos y con su nuevo disco slow down ya estÁ la venta -- >> y seguimos con bruce willis c con el estreno de su nueva pelÍcula red tube que ebnvio u s saludioo a los duques de cambr e cambridge. >> me encanta la idea de que las p;arejas tengan hijos creo que s se van a divertir mucx ho. >> se dieron a conocer las p pelÍculas del fetsival de torto toronto, mandela, long wlakalk f freedom la cinta de acciÓn cold ice y huge jackman. >> y por ultÚltimo los acxtrot d do

say a-b-c-d-e-f-g h-i-j-k-l-m-n-o-p i'll be damned if i let them grow up without a father like i did.'t know who my daddy is, so if i was to ever meet him, i'd probably hit him in his mouth. dude's been making up songs. >> does he? >> he got one called "my money in my pocket." ♪ my money in my pocket, money in my pocket ♪ >> while voltz strives to be a father to his children, he must also reconcile his relationship with deuce's mother. >> thank you for sending that money or giving them the money to send. >> check. >> raise it to me. >> i got me some hygiene products. i ain't ordered no food yet. i haven't cried in a long time. tell him i love him. spider-man! all right, child, i got to go. >> money in his pocket. >> he got money and he ain't [bleep] me up. and one day, i heard him singing that. >> money in his pocket. >> trying to be influential to my kids. i mean, that's my life. that's my sunshine. when i talk to my kids, i brighten up. other than that, i got to get back to reality, and this right here what you see is reality. >> for deamon beavers, reality is 23 hours a day in a se