but mike norman chief economist from the broker dealer john thomas financial says the bail will help stabilize the american economy and that critics are simply trying to scare the public this argument that it's going to limit credit i mean i think that's more or less a scare tactic a political ploy that's being put out there to get the public fearful but here's the thing if it leads to a more stable investing environment if it leads to a damping down of excessive speculation and volatility in the markets that should also lead to better economic conditions more investment and more job growth and look if people have jobs because that's really the bottom line issue right now in this economy if this leads to a more stable financial climate people will earn higher incomes and the reliance upon credit may not be as high you know you might lose a little bit off one side you might not get your free checking but look if it results in a more stable environment i think everybody comes out of this more you know happier now chief economist mike norman giving his view on the wall street reforms an

that was chief economist mike norman giving his view on the wall street reforms. and an arab man has to appeal his conviction of rape by deception in israel after having consensual sex with a woman who thought he was a fellow jew some barca sure who denies pretending to be jewish was sentenced to eighteen months in jail but as our policy reports even couples who knowingly choose to enter into an interface relationship are ostracized. this jewish jerusalem suburb is surrounded by arab neighborhoods and far from cultivating a culture of tolerance vigilante style jewish patrol groups calling themselves fire for judaism stand watch outside the local shopping mall their mission to prevent arab men mixing with local jewish girls the municipality has created a twenty four hour hotline where parents and friends can phone to rat on jewish schools breaking this to boot a specially trained team of counselors and psychologists is on standby to rescue them publish more. it's important to save our traditions culture history and identity because without this who are we through t

times mike norman giving his you know on the wall street reforms. now thirteen alleged new nazis are going on trial in moscow and. the poorhouse word is taking place and brings us the details. says a good morning so what can you tell us about the defendants and what are they being charged with. the thirteen ledge nazis are all young they're in their twenty's and they're accused of four major things first of committing twenty seven murders due to ethnic hatred prepping for terrorist attacks participated participating in an outlaw extremist community and inciting ethnic hatred now the men continuously appeared to have their case heard by a jury but they failed instead they're going to be facing a judge the case is closed to the public and to the media and the judge is going to be ruling a district military court because one of those men is an alleged military deserver . stacey you tell us a bit more about those thirteen and specifically what were they trying to achieve. well they're trying to achieve it dominance power they want to have a pure russia

mortgages and lows trances control of struggling banks to prevent future financial chaos economist mike norman been a use the new no means big changes for america's financial landscape. is it strong enough to prevent a future collapse that's a good question i'll just say this if bad policy isn't acted then there's always the possibility that we could have a future future collapse and in fact thinking back on the collapse that we've just been through much of that was avoidable if policymakers had acted in the correct fashion at the time that it was starting to unfold so there's always the possibility but i think there are some good things in this bill we'll just have to see and it's going to take a while perhaps a year for all the rules and regulations to be hammered out by the rule makers and the regulators and there's still that gives wall street some time in there to still maneuver and try to lobby to get what they desire but i think we will see a change in the landscape on wall street and hopefully it'll damp down some of the speculation that has been really turning our economy into sort of