they brought in galion. from that case brought all these other cases. what we are hearing today is that you know, they plan on looking at about 12 of these funds. i think that this really is is a crackdown on hedge funds, those are the funds that if you are a rich guy you can get in average joes cannot get in those type of funds. >> shepard: what does this mean for the average joe kind of investor? >> my opinion, very little. i think the average joe should be more worried about quantitative easing. that's the fed pumping money into the system creating money. interest rates being very low as they're something like this. people trading on inside information. they are getting a jump on the market. that's true. but really average people should be in the market for the long term. mutual funds. you are investing in big name stocks. you shouldn't be playing the market. >> shepard: charlie gasparino. thank you. the debt problems that face all of us, especially europe u as ireland became the second country there to ask for multibillion-dollar bailout. stock mark

think of the galion case which we did with bodies office in new york.edge fund advisers who adopted an effective business model to obtain inside information really as a matter of routine in order to conduct their trading activity. that in large-scale market many commission with the new technology and data analysis in order for us to better be able to detect patterns in trading, including those cross markets, which is to read this, which would reduce obviously from dodd-frank now that derivatives will no longer, you know, consists of contracts buried deep in the files of derivative dealers. now the stuff can be centrally cleared so we'll have better information, better audit trail, and this transaction and we can see transactions eventually in the derivativderivatives market and the debt market the same weekend in the equity market. so that people are buying protection in advance of bad news in the cds market, they will find themselves the focus of an investigation. structured products remain a priority, not just for obvious reasons for cdos, and other s

the big galion battles. in slavery and piracy and so forth. the lover chapter would be about poetry and architecture and music and how that developed in and around the atlantic. so mercifully shakespeare who had never been to the is lentic ocean or sale on a ship gave them the way that he continues to do. spur to the rising of another book. thus far the critics seem to have been kind. this morning miami "herald," a very nice review and i'm grateful for it. no one thus far has said how on earth did you use shakespeare as a model for renting the atlantic? it was a bit of a gamble. what i thought i would do with my relatively limited time. the american publishers say, your a bridge. you don't celebrate this giving. you can now go and continue your book tour in a place where they don't celebrated, canada. while you're all happily eating turkeys all be in st. john's, newfoundland. raise a glass to me if you how. i thought what i do is just choose all those in just two stories from this great odds and ends about the of lentic, one utterly trivial an

do if someone loses her job whether it's in boulder, in the presiding officer's home state or in galion, ohio, my home state. it's the humanitarian, right thing to do, that worker who has lost her job can at least pay most of her bills then at least stay in her apartmentor house and -- apartment or husband and pay for the mortgage, rent, and wouldn't be able to without the unemployment monthly payments. john mccain, one of the -- of his chief economic advisers said repeatedly a dollar in unemployment benefits is about the best stimulus for the economy you can have. if you give a tax cut to a millionaire, give $10,000 to a millionaire, they're likely not going to spend. it they spend money on things they want because they have enough to do that so a tax cut doesn't mean much to them, but an unemployment check means that that unemployed worker will spend that money in the community, the local grocery store, buying shoes for her kids or his kids, pay property tax, pay their rent, pay their gas bill, pay their gas in the car to go around looking for jobs. so the money's recirclecirculatr an