greenspan yeah mr bubble channon we have to say about mr bubbles and the hero ben bernanke i think because greenspan has come under so much pressure he's just trying to play big brother. here but i'm not buying we're not buying it we're all in agreement here so let's move on because it's been a rough couple of weeks for goldman sachs needless to say here is another p.r. fiasco to add to the list so it turns out goldman sachs had a thirty million dollars stake in village voice media which has come under fire for its back page dot com website now in an op ed in the new york times over the weekend columnist nicholas kristoff says this site is the biggest forum for trafficking of underage girls in the u.s. so indirectly now goldman sachs was linked to the child sex trafficking allegation so what happened then. and over the relationship goldman was in years since his cell industry. goldman just like we're out we're done we can handle another p.r. scandal right while goldman can't help themselves because they're so corrupt. they're so perverse

mr housing bubble. we have somebody back there with a question. could you stand up? >> i am meredith with the anti-poverty organization results. i wonder if you could talk a bit. part of the tax code always realized about tax fairness is tax credits come working families. and income tax credits and child tax credit. it does more than any other program for americans above the poverty line. wonder how you see that playing out with the year end battles and how to protect those small but important pieces of our progressive tax code especially for low-income families? >> you want to take a piece that? [talking over each other] >> bob is in many ways the great seer of the whole discussion. >> thank you for raising that. this is the huge year for the low-income tax credit. president obama made improvement to child tax credit and made it so low income people could get it. and $260,000 tax cut for people who make a million dollars. picture a woman with two kids who works in a nursing home. and $1,800. if the ryan budget is going to affect she would lose $1,500. fifteen hundre

mr. housing bubble. somebody has a question. >> i am with the anti-party organization in.alked-about the tax code that bet tax credits for low working family. the earned income tax credits does more than any of their program to lift people above the poverty line. but about those battles and how to protect. >> people should understand bob is the great sea year of all discussion. >> this is a huge year for the low income tax credit. abominate improve the child tax credit. if you look at the ryan budget this eliminates deficits and the same time preparing a tax credit. making minimum-wage pratt working full-time right now getting $1,800. if ryan goes into effec

mr. housing bubble. >> we have a question in the back. >> could you stand up so that we can see you? >> i am with a anti-party organization. one of the -- part of the tax code that folks to not always realize when it comes to fairness is the tax credits for low-income working families. earned income tax credits, child credits. the center of budget tells us that they do more than any other to lift americans above the poverty line. can you talk about how you see that playing out with the year on -- year and battles, how to protect those small but important pieces of our progressive tax code, especially for low-income families? >> chuck? >> people should understand, bob, in many ways, it is the great seer of the discussion here. >> this is a huge year for low income tax credits. if you think about it, president obama made improvements in the child tax credit. if you look at the ryan budget, it would eliminate that, and at the same time, he is a pro -- he is proposing this tax cut for people making over a million dollars. right now, for a kid, for woman working full time, if the rise but

wrong but peach had had been going around and talking about that there was no housing bubble in two thousand and four mr wenzel pointed out his error in a polite letter to him and eventually they had a dialogue recently and mr winslow pointed out everything i said came true and i called it in real time here on my blog entries isn't about time you took me to lunch and so he was invited down to the new york fed to their credit and delivered that speech today that's pretty interesting to show that hey look you can document these booms and busts and predict them unlike what the whys guys that the new york fed may believe we're going to keep you want we're going to go to a quick break we will have more with you in a few minutes including how the fed could have a negative or create a negative kind of carry trade this scenario that you've come up with we'll have more with bob inglis contributing editor for zero hedge and economic policy journal dot com. also still ahead our whistle blowing enthusiasm goes bust as the f.c.c. inadvertently revealed the identity of one of its own resources we'll give you our thre

mr. housing bubble. >> we have a question in the back. >> could you stand up so that we can see you? >> i am with a anti-party organization. one of the -- part of the tax code that folks to not always realize when it comes to fairness is the tax credits for low-income working families. earned income tax credits, child credits. the center of budget tells us that they do more than any other to lift americans above the poverty line. the poverty line. can you talk about how you

bubble. in 2010 the deputy to mr. neely was charged and then convicted of embezzlement, he was embezzling money from the federal government but that did not seem to stop neely and others in the region from the extraordinary waste, fraud, and abuse with taxpayer money. when the economy is down, when people are struggling to pay bills and they are struggling to pay their taxes it is outrageous that federal employees did this. i believe this is an exception but we have a responsibility on our governmental affairs committee which is the oversight part of our jurisdiction to not just walk away from this. i'm, with senator collins, asking the inspector general of the general services administration, to begin an investigation of the other ten regions to make sure there is no similar behavior such as we found in region nine with the extraordinary las vegas party and i'm going to hold hearings which we call in the leadership of g.s.a. to make sure that they have taken a good hard look the way the g.s.a. does business. this is

bubble. incidentally in 2010, the deputy, mr.ly, director of region nine where all of this happened out of san francisco was charged and then convicted of embusines embezzlement. embezzling money from the federal government. but that didn't seem to stop neely and others in the region from the extraordinary waste, fraud and abuse with taxpayer money. i don't have to say it, but the effect when the economy is down, people are struggling to pay their bills. when they're struggling to pay their taxes, it's outrageous that federal employees did this. thinkable is athis -- this is a. we have oversight part of the jurisdiction to not just walk away from this. i'm with senator collins asking the inspector general of the general services administration, g.s.a., to begin an investigation of the other ten regions to make sure that there is no similar behavior; such as, we found in region nine with the extraordinary las vegas party. i'm also going to be holding hearings in which will call in the leadership of g.s.a. to make sure they have ta

mr. housing bubble. >> can i -- >> we've got somebody back there with a question, and we're going to come you. yes. could you stand up, please, so we could see you? >> sure. my name is meredith dawson, and i'm wondering if you all could talk a bit because i think one of the under-- part of the tax code focused on people always realize in terms of tax fairness is the tax credits for low income working families, the child tax credit, and the eitc does more than any other program to lift americans above the poverty line. so can you talk a bit about how you see that playing out with the kind of year-end battles and how to protect those small but important pieces of our progressive tax code especially for low income families? >> bob, do you want to take a piece of that? >> chuck -- >> chuck's going to. people should understand that bob is, in many ways, a great seer of things here. so if he says chuck, we'll go to chuck. >> yeah, thank you for raising that. this is a huge year for the low income tax credits. if you think about it, president obama made an improvement of the child tax credit and

bubble. talk about that, susan. >> for those of you who have had the chance to be with mrs. bush, it's a wonderful thing. because when she's talking to you, she's talking to you. she's listening. everything from the letter she sent out to families and children. i met so many people who really felt that letter was written to them. and then in the individual moment, i have to say, the second time i was pregnant -- i spent a lot of time pregnant in my job. the second time -- sort of a nightmare other than dogs rushing me from a limo or chinese security. i was at home trying to get cuff links into a maternity blouse when my cell phone and payabler started going off. i picked it up. it was mrs. mrs. bush's aide saying, where are you? i said i'm home getting ready. she said you have a photo op in three minutes. i grabbed my cameras and went running in and tried to act like i'm meant to be there. what was so sweet was mrs. bush could tell i was flustered. we got through the photo op and everything was fine. that day she took me upstairs at the kitchen and looked at this little catalog of new baby furniture that

bubble. talk about that a little, susan. >> i think, for those of you who have had the chanced to with mrs. bush, it's a wonderful thing. everything from the letter she spent out to families and children which was so moving. i met so many people that felt that that letter was written to them. and then in the individual moment, i just have to say the second time i was pregnant -- i spent a lot of time pregnant in my job. the second time i had sort of a nightmare, other than dogs rushing me from the limo or the chinese security. i was at home trying to get cuff lin links into a maternity blouse when my cell phone and pager went on. i pick it had up. it was mrs. bush's aide and she said susan where are you? what's wrob? you have a photo op in three minutes in the diplomatic reception room. i threw everything up and my husband to drop me off and grabbed my cameras and went running in and tried to act like i meant to be there like that. what was so sweet was mrs. bush could tell i was flustered and we got through the photo-op and everything was fine. that day she took me upstairs to the kitchen and looked at this little cata

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bubble burst more than a decade ago. these are very similar charts, microsoft can break through the key level, take a gander at this chart of mr. softy going back to 2007. find out how high is can go. using the same measured move technique we saw with intel, little gets a price target of $47 for microsoft. that's a much larger gain of 45%. and that makes microsoft the clear chart winner. little things that microsoft wants, a tech steep play. it can get back to its highs from 1999 to 2000, over the next year or two, a huge move to make it a buy. makes me think i have to do fundamental analysis, i can't get it there. this is his work. the bottom line when it comes to the old-school tech titans, microsoft and intel the best charts. at least as interpreted by l.a. little who writes with me thestreet.com. mr. softy's got it's groove back. we'll talk about this later in the week about why that might be the case, based on the fundamentals. after the break, i'll try to save you more money. >>> coming up, jersey score? the nfl unveiled its new look today. will this gear improve your portfolio performance? cramer tries an investment in

mr. tapper. >> absolutely. the gsa administrator who resigned points out that neely was up for a $9,000 bonus on top of it all. >> bubbles i call them now. but you were supposed to be the stewards of the government's money. how do you think you're not going to get busted, particularly when you take people to task for the same egregious spending that you are so clearly guilty of in all places, sin city and pictures and video. are you kidding me? how did you possibly not think you were going to get caught. >> and they hired the mind reader. didn't the mind rerd know? trouble is brewing. >>> let's lighten the mood with our favorite story of the day. remember those rock 'em sock 'em robot toys from when you were a kid? an iowa bar owner has turned them life size and interactive. >> look at that. it's sort of like boxing but yet not. you strap jours yourself in the. and your hands are free to control the gloves. it may look like just a game. players say they are breathing hard when it's over. it's a full-body workout. >> turns out watching can be more fun than playing, especially after a few cocktails, which is why the ring i

bubble burst manner decade ago. these are very similar charts. but little believes microsoft can break through that key level. now, take a gander of this chart of mr. softy going back to 2007, to find out how high it can go. using the same measured move technique we saw with intel, little gets a price target of $47 for microsoft. boy, that's a much larger gain of more than 45% from where the stock is right now, and that makes microsoft the clear chart winner. little thinks that microsoft is a tech sleeper play. and it can, in fact, get back to its highs from 1999 and 2000 over the next year or two, which would be a huge move and make ate terrific buy. it makes me think i've got to do some fundamental analysis on that, because i can't get it there. but this is his work. the bottom line, when it comes to the old-school tech titans, microsoft and intel are the best charts. at least as interpreted by l.a. little, who writes with me at thestreet.com. and of those two, little thinks microsoft has the most upside. yet mr. softy's got its groove back. we'll come back to these names later in the week to talk about why that might be the case based on the fu

mr. secretary, how would you go about balancing the reality of the cost of college with the concerns up there that allowing more access to more credit would create possibly a student loan bubble down the road >> how would you balance this with the concerns allowing more credit would create a student loan bubble and increase college tuition? >> the most important thing we can do is to have young people graduate. that is the best investment we can make. if you have no debt, that is the best situation. but this is not bad debt to have. there is data on jobs and how much your earning potential through your life time goes up. this is the best long-term investment you can make. but we are worried about debt going higher and higher. when we have an opportunity to work together to prevent that escalation of debt, this is the right thing to do. i expect folks to step up and do that. >> is there no link between access to loans and rising cost of tuition? >> people say with these programs tuition goes up. look over 30 years. 19 of the year's programs went up. -- of the years, pell grants went up. 10 of the years, they went down. every year, tuition went up. we are trying to increase gra