major indices regained what they lost yesterday on comments from the president of the chicago federal reserve bank repeated his support for more economic help. the dow surged 163 points, the nasdaq jumped 33, and the s&p rose 15. >> susie: the clock is ticking towards this sunday's crucial election in greece, and already european leaders are considering back-up plans in case greece decides to leave the euro. but european union officials are quick to add that they aren't making plans for an actual exit. and, as darren gersh reports, the greek election this weekend may not settle the question of whether greece stays or goes. >> reporter: in greece, the polls shows voters are deeply divided-- so divided, the election on sunday could leave the winner with a weak majority in the new parliament or, even worse, unable to form a new government. if that happens, there's a slight possibility another election could be called. >> i'm sure many greeks will be really enraged since many of them are fed up with the politicking and the games that have been played all these weeks, if not years and decades, on their

pounds short right this is another economic fallacy you hear from the bank of england and the federal reserve bank or paul krugman makes the same mistake they're always focusing on aggregate demand but they fail to recognize that you need some supply you need something to sell you need manufacturing you need wages you need capital for capitalism but they say no no we don't need actual capital all we need is debt for as our farmers you know i can see interest rates near zero and fake demand will get fake demand for the economy even though it's creating social unrest and revolution and we create fix. supplying the precious metals markets with you know make good sales in the silver futures markets and two other things you know what they're really saying is they want more redistribution of wealth from savers to banks and debtors i.m.f. said further monetary easing reserve quired should happen with more quantitative easing and a cut in the point five percent interest rate the last move from the mervyn king his bank of england moves five billion pounds from savers to speculators and before that already

buy silver cannot work because they are whales they are too big they are connected to the federal reserve bank here they are they have had to sell twenty five billion dollars in securities in order to make up one billion in gains they really made two stupid decisions said lydon turner a consultant and former chief accountant of the securities and exchange commission the first was taking risks with derivatives that they did not understand the second is selling assets with high income that they cannot replace in a low interest rate environment the bank will struggle to generate as much income with the cash they received from selling the security is an excellent point in other words to offset one billion they've sold twenty five billion before having to liquidate the twenty five billion they held those securities on the books at a much higher valuation but to actually sell them in the open market to cover the one bill. and they had to recognize it as a much lower valuation of what it truly is so the value at risk accounting fraud has been exposed right here in this very trans action and it's exac

federal reserve, would announce more quantitative easing. that is more government bond buying by the federal reserve bank. but this hope was dashed by the fed chairman. >> here's a quick look at the market numbers. germany's dax ended the day in positive territory. eurostoxx 50 ended the day at 21.43. the dow jones industrials in positive territory, 12,517. and the euro currently trading at 4 $1.4599. the economic situation in greece continued to deteriorate. >> 22% of the work force were jobless in march. news surveys show the young people are the hardest hit. upwards of 55% are looking for work. they have been in a recession for five years and their jobless rate is twice the average. >> during heated arguments, a spokesman for the far right golden dawn party through a glass of water and a deputy for the far left syriza party. prosecutors have orders for assault. the european union governments have backed new restrictions for passport-free travel in europe. >> the border checks can be restored to stem illegal immigration. this was prompted after illegal border crossings after last year's uprisings in the

neighbors tell us she's an employee at federal reserve bank. police say that is where the first call was help. >> a co-worker noticed one of another co-workers displayed signs of psychiatric distress. >> and she told officers before before she went into work she shot a hole through her apartment door. >> we heard a pop on the floored floor. i looked out and there are -- the suspect looked out. >> this neighbor said he didn't think much of a pop which turned out to be a gunshot. officers arrived and cleared out the building. and he showed us a bullet hole in the door, and what he says is a very busy hallway. >> think could have been hit and killed. >> and there are police trying to determine if the firearms found inside of the room are legal, they're also trying to determine just how dangerous explosives are before they make any decisions on possible charges. right now, she's not in police custody and will remain at san francisco general hospital for a three-day evaluation. >> and thank you very much. there is a federal appeals court reversed an

. >> susie: a top federal reserv policymaker tells nightly buness report, the central bank could provi more stimulus for the economy "this year", if necessary. dennis lockhart is the president of the atlanta federal reserve bank. as a voting member of the fed's policy committee, he is a powerful voice on the economy. in our exclusive interview with him today, he described the u.s. economy as a "mixed pictur" his comments come a week after the fed decided to extend its program to keep long term interest rates low, rather than launch a third round of so- called "quantitative easing", or q.e.3. my first question to why not do more now. >> i don't the conditions yet call for really stronger action. interestingly, the anecdotes are painting a stronger pie thanhe datas i, which is one reason i prefer to wait a little while to see if the data p in itssoftness. don't think the conditions have developedhat ree us to bring out bigger guns quite yet. >> susie: how likely is it that we will see qe 3 by the end of this year? >> it is certainly an option. remains an option on the table, i would say.

the president of the federal reserve bank of atlanta has a program to boost our economy. it is called operation twist. investors like that news. there were reports indicating european union officials are considering a plan to lend money to spain. we have stock-index futures indicating a slightly higher open right now. if you are on linkedin, the website confirms a report that user passwords or compromised in a security breach. it happened as recently as last month. you will know that your account is affected, since your password will stop working. do you feel like most of your work e-mail is johunk? just a quarter of your work e- mails is considered essential for work purposes. apple is feeling more heat from samsung. and i will tell you what jobs make you more susceptible to gaining weight, all coming up in the next hour. linda bell reporting for abc 7 news. back to you. >> thank you. looking at temperatures in the mid 50's for the most part. >> still to come, a successful opening for maryland's largest casino. the line was wrapped around the building to enter the maryla

groups are as distinct as they've been in the time i've been watching the federal reserve. >> reporter: the hawks are federal reserve bank presidents. there's philadelphia's charles plosser; from dallas, richard fisher; and minneapolis' narayana kocherlakota. but voting on the fed's key interest rate setting committee rotates, and the only hawk with a vote right now is richmond's jeffrey lacker. the hawks think the fed's unconventional efforts to boost the economy have had little impact, and they worry that the last time the central bank pumped money into the economy, it stoked inflation. >> we saw a big surge in commodity prices, a strong rise in inflation, and that hurt the u.s. consumer. and i believe that hurt the u.s. economy. it may not be a mainstream position, but it doesn't necessarily mean its a wrong position. >> reporter: the doves focus on slack in the economy-- high unemployment and the looming risks from europe. at the fed meeting that began today, the doves will argue the facts do not favor the hawks. >> i think the numbers are moving against them. the job market is growing, but at a much slower rate. the

saw was a continuation of central planning the central planning ball was picked up by the federal reserve bank and the banks on wall street who stopped competing at least when the air they had a major adversary in the world they were competing but wants to walk down they had no more competition in america it became essentially plant federal reserve central banker plan economy where the wealth and income gap skyrocketed to levels that you have to go back to the previous. time in history jeems to to have a comparison to your max you see fiery i really love to discuss with you because you're always one step ahead of me here by talking about central planning or a world wide gospel a and that is done by those who are seeking the profits without creating greedy in the riches to the world is that the name of the gate but are you with are more interested in the cures how can we. we faced that up how can we stop that so really kind of it's a name of the game not virtual economy some primes are big is the virtual economy and fortunately i said the captain is a good japanese and die because today what is

and sales were described in an accompanying statement released today and can be found on the federal reserve bank of new york's website. the continuation of the maturity extension program should put downward pressure on longer term interest rates and make broader financial conditions more acom daytive than they would otherwise be supporting economic recovery. in conjunction with today's meetings, the seven board members and 12 reserve bank presidents submitted their individual economic projections and policy assessments for the years 2012 to 2014 and over the longer run. these projections are important inputs to the committee's deliberations. incoming information suggests the economy continues to expand at a moderate pace in the face of head winds generated by the situation in europe, still depressed housing market, tight

about and hour and a half before the s&p 500 found its footing today on the heels of chicago federal reserve bank president charles evans saying again he supports more help for the economy. that pushed the index forhe rest of the session, closing at its highs of the day. volume was modest-- 721 million on the big board, 1.6 billion cross on the nasdaq. the materials sector led the way higher, up 1.8%. financials and industrials were close behind, up 1.7% and 1.6%, respectively. now, airplane maker boeing saw some lift after an investment firm said boeing is making its dreamliner planes faster than anticipated. shares jumped 3.5%, rising to a one-month high. the dreamliner was delay coming to market and has experienced production delays, but investment company sanford bernstein is optimistic about the rate of production. just yesterday, boeing announced plans to sell 1,000 jets this year, a target that wod make it the plane maker in the world after losing that title last year to airbus. the move of technology companies toward paying shareholders continues. after the close tonight, dell said it wou

our exclusive interview with atlanta federal reserve bank president dennis lockhart. >> susie: with big job losses and lots of financial stress, the recent recession fueled the rise of the pre-paid debit card industry as fewer americans had steady paychecks. but in tonight's "money file," karen gibbs says you can do better. she's founder of the gibbs perspective. >> reporter: seduced by the lure of pre-paid debit cards? resist the temptation, if you can. marketed to those with little access to mainstream financial institutions, debit cards are a source of risk-free revenue for the issuer charging you fees to use your money. the average card cost nearly $300 a year in basic fees, before considering application, activation, cancellation, paper statement, and a host of other costs. there is a cheaper alternative. many online banks and local credit unions still offer free checking accounts, some with a credit/debit card option, and are actively working to address the lack of financial services available to consumers with limited resources. finally, don't forget cash. there are no fees assoc

there are two nominations to the federal reserve bank, and heaven only knows we need people there, can't get them through. we've got ambassadors, all sorts of people that can't get through. that's all terrible. and yet it's going on. it's really time we clear that out. the common cause today sued to do away with the filibuster because once again, you can't bring a bill up unless you've got over 60 votes. that's crazy, that's not democracy at all. you've got the same problem here. it's time to go back to the sunshine stuff and chang t

. >> reporter: the san francisco federal reserve bank did some research and found the fed's bond buying program boosted the stock market and lowered the value of the dollar which should boost exports. adding it all up, the san francisco fed estimated the economy is now 3% bigger than it otherwise would be. if that's true, then why is the economy struggling now? economists fear the answer may be that monetary policy is just less effective than it used to be. >> monetary policy is less powerful, because households, and businesses are not willing to borrow anymore. therefore, if they're not willing to borrow, there is no extra boost to aggregate demand and g.d.p. >> reporter: and if monetary policy is less effective, critics warn doing more of it won't help. in fact, it could just lead to higher inflation down the road. >> the fed is in so deep in zero rates and the size of its balance sheet that just unwinding its policies will take a long time. the fed has not had a good historical track record of exiting ease when that's been necessary. >> reporter: congress has given the fed two jobs:

there are two nominations to the federal reserve bank and heaven onlyws we needpeople there. can't get them through. we've got ambassadors, all sorts of people that can't get through. they'll aus terrible. and, yet, it's going on. it's really time we clear that out. common cause today. to do away with the filibuster. once again, you can't bring a bill up unless you have over 60 votes. that's crazy. sohat's the same problem here. and it's time to go back to the sunshine stuff, cng the rules so the speaker doesn't have that kind of power. you can be the speaker, but that's supposed to be more like the referee, not like the guy who gets his way and no one else does. yeah, no, those type of things are really ready for a revolt. it's time to have the revolt. let's go get these young people channeled in that way and tell them that they still have the power to do it before we all lose it. >> what went into your decision to leave congress when you did? because i'm very disappointed when i see good people leaving like olympia snow is now. >> what went into my mind when i left was newt

there's a guy in new york city sitting at the federal reserve bank of new york who -- we don't have a computer keyboard. otherwise we could demonstrate it. it's a much more form of alchemy. he credits to the accounts of the commercial banks doing business with the fed hundreds of billions of dollars at a -- at a moment in time, just like that. and these dollars are gathered up and electronically deposited in what is called the excess reserve bin of the federal reserve. it sounds implausible, doesn't it, brian, but it happens. >> who has to approve that by the way? >> the open market committee of the federal reserve approves of this. >> as long as i've got such an expert here i might as well tap into your reserve. when will the interest rates go back up? >> my call is 2005. interest rates are -- i mean nobody is getting any younger. i myself having trouble seeing these interest rates that i'm supposed to be observing, they're so tiny you can barely make them out. a couple of weeks ago i had one of the guys in the office call the american -- the association of aarp, whatever it is, the

logo on a twenty dollar bill for the slogan this is invest here that's right the private to federal reserve bank is already on our money and how long until our public parks are littered with billboards for natural gas fracking companies convincing tourists a park would be just beautiful with fracking wells all over it how long until speed limit signs are advertising the newest ford or chevy sports car flaunting how it can reach the speed a lot less than six seconds how long until penn station in new york or union station here in washington d.c. get renamed after corporate sponsors and become exxon mobil station and blue blue cross blue shield station is this the sort of future we want where everything that used to belong to us to we the people now belongs to a corporate sponsor or we can't leave our house or send our kids to school or. you know get ride in an ambulance god forbid or call the fire department without being bombarded with by corporations telling us what insurance policy we should buy what pizza we should order or whether or not we should get our fried chicken extra crispy or origin

look, there are two nominations in the federal reserve bank and heaven only knows we need people there and can't get them through, and ambassadors and all sorts can't get through, and that's all terrible. and yet it's going on. it's really time we clear that out. common cause today, to do away with the filibuster, because you can't bring a bill up until you have over 60 votes, and that's crazy and not democracy at all. it's time to go back to the sunshine stuff and into changing the rules and the speaker doesn't have that kind of power. you can be the speaker, but that's supposed to be more like the referee or not like the guy that gets his way and nobody else does. those types of things are really ready for a revolt. it's time to have the revolt. and let's go get these young people channelled in that way and tell them they still have the power to do it before we all lose it. yeah? >> [ inaudible ]. >> what went into your decision to leave congress when you did. because i am very disappointed when i see good people leaving, like olympia snowe is leaving now? >> what went into my mind w

neighbors tell us she's an employee at federal reserve bank. police say that is where the first call was help. >> a co-worker noticed one of another co-workers displayed signs of psychiatric distress. >> and she told officers before before she went into work she shot a hole through her apartment door. >> we heard a pop on the floored floor. i looked out and there are -- the suspect looked out. >> this neighbor said he didn't think much of a pop which turned out to be a gunshot. officers arrived and cleared out the building. and he showed us a bullet hole in the door, and what he says is a very busy hallway. >> think could have been hit and killed. >> and there are police trying to determine if the firearms found inside of the room are legal, they're also trying to determine just how dangerous explosives are before they make any decisions on possible charges. right now, she's not in police custody and will remain at san francisco general hospital for a three-day evaluation. >> and thank you very much. there is a federal appeals court reversed an