morgan stanley ceo, john mack.expected to provide two billion in loans this yearnd to double that in 2014. do you think that much money is going to flood into the system from investors that you can send it back out? >> we think so. we, you should real -- saw $750 million last year and and we're on track to two billion this year. so doubling from thatext year isn't really out of the ordinary compared to the last, last few quarters of activity. what is really happening now, there's a really big spread between the interest rate that many consumers are paying on their credit card on one side and paying 16 or 18% on their credit card balance and the low yield that most investors are earning on the fixed income investment. so we're really compressing that spread and, helping consumers refinance at the lower interest rate and investors earn a higher yield. melissa: although, i don't know, when i read your information it doesn't seem like it is necessary that great of a deal for the borrowers. you have to have an average s

of morgan stanley john mack was involved nomad happened to be a major contributor to george w. bush and mr geary supervisor warned him that mack was untouchable due to his political connections so peak watts attorneys met with as you see director of enforcement and the result a case would be the first narrowed and then next testimony was delayed so the statute of limitations which we've been talking about for a match eventually ran out and mr geary complained he complained about political clout and this was a big mistake because he was promptly fired for it earlier i spoke with mr geary about his experience here's what he had to say. fired. the senate finance committee and the senate judiciary committee heard about the firing and heard about the investigation the senate open investigation of the f.c.c. that went on for eighteen months. in august of two thousand and seven the senate issued a joint report by the two committees the two committees found that the f.c.c. . had given deferential treatment preferential treatment because of his status as a prominent wall street member o

let's ask mike faye, worldwide chief technology officer with mack afee and john pierce, research vices labs and security readvisory company and also a former staff officer with the cia security and a author of "blackhackonomics." good morning. >> good morning. >> mike, first to you on this, is retaliation going to take the form of cyber crime? is what we have seen so far just the first glimpse of what might be more to come? >> i think whenever you look at retaliation in today's world you have to assume that there is a possible cyber angle. the syrian electronic army hasn't been traditionally known for an outrageous level of sophistication, though. the most of their work is classified as hackofism. >> they record it as the work of people who are not very sophisticated. how important is that and, again, do you expect this to escalate if and as this conflict conversations? >> yeah, i mean, i expect it to escala escalate. i would disagree with what mike said. when you look at the syrian electronic army they have upped their game. when you look at what they did to the "new york times" a co

john paulson slashing their holdings in the precious metal. it is up big-time today but what about the big picture? liz mackline. >> there are so many conflicting stories how you play gold. give you the backdrop. john paulson and george soros out of spdr gold trust. it is lowest since 2009. it is down 32%. daniel lobe at third point dumping his holdings in the spdr gold trust. soros is dumping out of bold miners but einhorn too. david einhorn selling his barrick gold. paulson is uping shares in freeport-mcmoran and raising it 70%. when you track what is going on in gold it is interesting. get this in december of '08. $752 an ounce. boy those are the days. it doubled as the fed ramped up its balance theet by two trillion between 08 and june 2011. so that is what is going on with the paper trades in gold, right? we want to look at too, there's another story. there's a bigger story too if you want to think about what is going on with the world gold council report. we're talking about worldwide demand in gold. wow!. china's demand in gold up 54%. india tracking 51%. mideast, 33. turkey, double digits. there is