get glossed over by the mainstream media ultimately forgotten in the public report card making mr bubbles sound like a good legacy. the way. i feel. great credit default swaps will not be paid out to him close bill gross like it to a flood protection insurance policy that failed to pay out in the event of a flood so is it because decision makers are really worried about another a.i.g. type market paralyzing counterparty risk scare or is it about protecting the best interests of c.d.s. writers this time around and regardless of how you take your leverage we'll delve in delve further into one more way that the shadow banking system gets around capital requirements and acquitted restraints by using something called really hypothecation we'll break it down and another eurozone crisis meeting today euro finance ministers approve the bailout fund to raise money for greece's bond swap reportedly in brussels for a summit of e.u. leaders but do you ever wonder what policymakers are really doing in the never ending string of debt crisis meetings we'll tell you when let's get to today's capital acco

well i think mr cameron is living in a bubble the situation in afghanistan is like all the other wars the united states has gotten into since world war two is as long as there's somebody who fights back we don't win we didn't win in korea we couldn't win in viet nam we really didn't win in iraq and we can't win in afghanistan and it seems that nobody ever learns these lessons the united states military there has a higher level of suicides than they do of losses in combat the morale of the soldiers is obviously very bad because the soldiers know what they're up against theirs and this is a no win situation so what are they doing there the public is opposed to it the public here and the public in great britain as well what is it that they hope to accomplish the united states and its allies went into afghanistan to get bin ladin ok we got it they went in there to get a government that nurtured the fanes of nine eleven ok that government is gone it will never come back no matter if the taliban come back nobody will ever do that again they understand that so what's the reason for staying t

you aired via an academic legal expert what's been bubbling about a witness that observed mr.artin on top of mr. zimmerman beating him while mr. zimmerman was calling for help. let's calm down and get to the truth of the matter and prosecute to the fullest extent of the law. and we have similar sentiments from john who feels for the martin family. however, the more details emerge from this tragedy, the less obvious it is that we have an unarmed teenager shot by some gun happy nut. as bad as the florida self- defense law may be, you can shoot someone who is beating you up. we're going to have to wait for the experts to say how this went down before anyone else gets charged with anything. that is the law. you know what? we do know if was an unarmed teenager shot by well, an armed neighborhood watch guy. we also know that zimmerman followed martin for reasons that appeared dubious. what we don't know yet is how the confrontation went down. for now, it seems obvious that one thing is true. none of this ever happened if zimmerman heeds the police warning to not follow trayvon marti

mr. plotso. >> i'd like to thank our distinguished guests. does the general have a scuba bubble above his gold jump wings, we just can't see it because he ran out of uniform for all of his prestigious ribbons and medals you're kind to ask, but i tried to stay above the water. >> common air breather. perfect understand. >> we're talking about afghanistan but then the subject of china comes up. we go to the pacific region and of course you expect to hear china and every area you go to, the subject of china comes up. this morning i was talking about the arctic and china came up, how they're building ice breakers to begin i guess going out there to try to lay claims in the arctic ocean or wherever for the, for resources because we know they're definitely a resource-driven country. it's something that this committee i guess will hear a lot of. i'm glad you're here today. i've been hearing some questions and i guess it's related to a lot of the incidents that have been taking place in afghanistan by some of our american service members swunt koran burning, the other, alleged killing o

why the federal reserve's loose monetary policy did not cause the housing bubble oh yeah ok we've got a reality check for you mr bernanke until then don't forget to follow me on twitter out lauren lyster get back at you tube dot com slash capital accounts and from everyone here have a great night. if . i'm. coming.

why the federal reserve's lose monetary policy did not cause the housing bubble oh yeah ok we've got a reality check for you mr bernanke eat until then don't forget to follow me on twitter out lauren lyster get that feedback at you tube dot com slash capital accounts and for everyone here had a great night. in the. news today violence is once again flared up. these are the images the world has been seeing from the streets of canada. showing corporations rule today. the buddha. download the official policy of location and join a phone i pod touch from the i choose i'm still. life on the go. video on demand on season one the old costs an r.s.s. feeds now in the palm of your. wealthy british.

why the federal reserve's lose monetary policy did not cause the housing bubble oh yeah ok we've got a reality check for you mr carnegie until then don't forget to follow me on twitter out lauren lyster give us feedback at you tube dot com slash capital accounts and from everyone here have a great night. wealthy british scientists are. sometimes just. like that. market why not come to find out what's really happening to the global economy with months cause or for a no holds barred look at the global financial headlines tune in to cause a report. from . more news today violence is once again flared up the flames are the images. from the streets of chatter that. the challenge for asia today. the i. download the official policy of location on the phone on called touch from the i choose our story. the jaunty life on the go. video on demand on t.v.'s mine old costs an r.s.s. feeds now in the palm of your. question. call.

mr. greenspan, the maestro, liquefied to monetize that big bubble trying to of course fuel some other investments. it's sad it turned out to be houses. back to you. >> really good points there, rick. remember that 5,000 on the nasdaq. >> oh, yeah. >> whenever you think about where it sits today. there you see it up 133% in the past three years. don't forget that 5,000 in the rearview mirror. tomorrow of course is the bull market's three-year birthday. bouncing toddler since then. the dow, s&p and nasdaq all surging as you see right there. so the question is, is there still room for this bull to run? joining us with their thoughts, president and cio of castle and chief market strategist with bell curve trading. bill, when you were here about two months ago, you said it was the time to take money off the table. that you thought that the valuations indicated that maybe there was a little bit more to run, but you were defensive. has anything changed your mood since then? >> not really, tyler. when we spoke in january, i talked about our range for the s&p for 2012, 13,070 1370 on the upside. talked ab

bubble by raising interest rates. many of us believe instead the federal reserve under mr. bernanke's predecessor, not him, should have used the authority this congress gave him in 1994 to prevent the bad mortgages. that is, they should have been more targeted efforts to deal with this rather than to fight the economy as a whole as a way of dealing with that problem. we do have a series of employment bumps. it is to mr. bernanke's credit that he has taken seriously this dual mandate. this shouldn't be a partisan issue. i think people may sometimes forget that mr. bernanke, who h -- whose work in this job i greatly admire, was one of the highest ranking appointees on economic matters by president bush. it was mr. bush who appointed him to the federal reserve. he is an example of bipartisanship. and what i find a lot of my colleagues like bipartisanship, they just haven't found something about it they want to tolerate. mr. bernanke's concern for inflation and unemployment is a big one. the notion we should say, okay, to the federal reserve, you don't pay attention to unemploy

bubbles in the economy. that's something you need to look at and continue to monitor. >> thank you for your response. mr. chairman, many citizens in the nation are concerned about the rise in gasoline prices at the pump. especially the working class. what measures can the federal reserve take to stabilize the recent rise in gas prices? >> we're concerned on it as well. it is also bad for growth. it's really a question of this particular project and as i mentioned earlier the reason for it is the higher price in crude which relates to a number of factors. among them is uncertainty about supply in iran and in the strait of hormuz. and in africa. i don't think the fed can do too much about the price of gas. i think it more important to establish security of supply and take measures to reduce demand. i think it's important to note that the united states has been reducing its dependence because we are producing more energy and importing less. >> if asked, would you suggest tapping into the reserves? >> that's really for the administration to decide. reserves are typically used when there's a breakdown in supp

morning, after i told president reagan in a secure bubble, the room within the room that for our top secret conversations at about 8:30 in the morning i said, "mr. president, we had accomplished more in the night before, previous evening, than we had for seven consecutive years in geneva cumulatively on that". gorbachev then played his sdi card. he tied all of our arms control agreements with the president either snuffing out or shaving down sdi. president reagan, of course, stood his ground. there was no way that was going to happen. in short, the soviets went nuts about sdi's possibilities. while people like me were going nuts about the pentagon not beginning to work on sdi's possibilities. i now believe that reagan's engaging vigorously in the war of ideas and launching sdi were most critical -- not sufficient but nonetheless critical in bringing down the soviet union. i say that -- this to contradict today's common explanation, at least in some sophisticated circles, that the ussr collapsed because of its own internal decay. not because of any actions by any u.s. president. certainly not the one clark clifford, washington's foremost wise ma

right now we don't see any obvious bubbles in the economy, but certainly that's something we're going to look at and continue to monitor. >> thank you for your response. and mr. chairman, many citizens in the nation are concerned about the rise in gasoline prices at the pump, especially the working class. what measures can the federal reserve take to stabilize the recent rise in gas prices? >> well, we're concerned about it as well. it has a direct effect on inflation and it also is bad for growth because it takes away buying power from households. so it's a real concern for us. on the other hand, overall inflation is low and stable, so it's really a question of this particular product becoming more expensive relative to other products. and again, as i mentioned earlier, the main reason for it is the higher price of crude which in turn relates to a number of factors, but among them is uncertainty about supply in iran and in the straight of hormuz and in africa, so i don't think the fed can do too much about the price of gas. i think it's more important that we try to establish a security supply and take measures to reduce demand. and i think it's important t

mr. chairman. i would like to thank our distinguished guests for being here today and for your service to your country. i was wondering if the general has a scuba bubble because he ran out of uniform for all of his prestigious ribbons and metals. >> i have tried to stay above the water. >> common air breather. >> i perfectly understand. i would like to say it is kind of fascinating that we are talking about afghanistan but the subject of china comes up. we go to the pacific region and you expect to hear china and every country you go to the subject of china comes up. this morning i was talking about the arctic and china came up about how they are building ice breakers to begin going out there to try to lay claims in the arctic ocean or whatever for resources because we know they are a resource driven country. i guess this committee will hear a lot of it. i've been hearing some questions and i guess it's related to a lot of the incidents taking place in afghanistan by some of our american service members, one is the quran burning and the other the alleged killing of civilians by a member of the military and other things. and our concern is immediately,

mr. chairman, and of course i would like to thank our distinguished guests for being here today and for your service to the country. i was just wondering if the general had a screw bubble that we just can't see because he ran out of uniform for all of his prestigious ribbons and medals. estimate your kind to ask why try to stay above the water most of the time. >> , an arab leader. estimate i perfectly understand. i would like to say, you know, it's kind of fascinating that we are talking about afghanistan the subject in china comes up. we go to the pacific region and of course you expect to hear china and a free country the subject comes up. this morning i was talking about the arctic and china can about how they are building the icebreakers to begin i guess going out there to try to lay claim some the arctic ocean or wherever for the resources because we know they are definitely a resource driven country comes of that is just something i guess this committee is going to be hearing lots of but i'm glad you're all here today. i have been hearing some questions and i guess it is related to a lot of the incidents that have been taking place in afghanistan by some of our

bubbly and more demonstrably i think they could understand the need -- and explained it loudly and more demonstrably i think they could understand the need for structural reform. >> thank you. thank you, mr. chairman, for your willingness to help the committee. your remarks, he cited the concern regarding the downside risk of the economic outlook duties besses in the european banking system and the eurozone -- due to stresses in the european banking system and the eurozone in general. there was an agreement between the greek government and private bondholders with a greek government would impose a hair cut of over 50 -- bond holders where the greek government would impose a hair cut of over 50%. there is a clause that says once a certain amount of the old bonds are redeemed, then the government will impose a collective hair cut across all of those bond holders. there is a question here, i guess you could say that, charitably, there is a default here. i guess there is a controlled the fault. what remains that it is unclear is whether these bond swaps will constitute a credit event. whether it will trigger a payout on a credit defaults lot on greek debt. -- the payout on credit default swa

mr. president, i have been down this path before. i have been in congress long enough to remember some of these bubbles, remember the victims and the losers when it was all over. the exuberance of deregulation which led sadly in many instances to an unregulated marketplace where greed triumphed. after each financial crisis, the savings and loan crisis, enron, the housing economic crash of 2008, this body has investigated and attempted to learn from the lessons of the past. how many times on this floor have senators debated measures to ensure that we don't face another enron where shareholders lost between $40 billion and $60 billion in investments and employees lost $2.1 billion in mention plans, not to mention their jobs. we promised that that would never happen again. we established standards of regulation which we are now proposing to waive in this so-called jobs act. i worked with my colleagues in the wake of the 2008 economic slide to pass the dodd-frank act, to close the loopholes that resulted in millions of families losing their homes and $17 trillion in lost household and personal wealth. we learned from the past and worked toget