bigger question is in your your viewers should also look into this and anybody is that the libyan national bank has one of the highest per capita gold reserves of any state bank in the world i think the only country that has a higher per capita gold reserve in bullion would be lebannon for the size of the country so you know what could off he might have stuffed the way in a swiss bank account or a collection of swiss bank accounts is minuscule compared to the state assets in terms of gold and oil that libya possesses and this is really been the game all along you know it's about converting this state this nation into a more privatized more globalist come under the globalist umbrella so a complete refurbishment of libya and also it's a beachhead on africa for the european and the anglo-american countries libya is the only country that voted not to join africa home which is the u.s. is strategic african command project which is the child of the project for the new american century it was started under george bush libya did not want to be enough for calm and that is one of the reasons maybe why we

versus the lobby all the way back to the first national bank of. santa clara county versus other pacific railroad eighty six the string of supreme court decisions and basically said whoever has the cash has to buy the politicians and you can't call it bribery anymore so now that this industry has been created what makes you think that there's any possibility the politicians will be able to resist it i mean the east guys are making so much cash they could yeah and there was a front page story in the new york times yesterday about how obama welcomed the wall street executives to the white house that time and i warm up relations with them before the election campaign starts going because he needs money for for at that campaign one thing i point to as an alternative is looking at the european system where leaders there are not immune to the pressures of their financial lobbyists but they have a lot less dependence on them and that's why we're seeing so much more progress than issues like this around financial speculation taxes in the european countries

with the s n l's and just nationalize the banks break them up. i'm with reagan well i'm usually with her you know i mean i think nationalizations is in almost all cases a bad idea worked there were there were some people serious economists for instance nouriel roubini who was one who predicted what would happen one of the few economists who called for nationalizations early on he still is i haven't i haven't seen a reasonable behavior well maybe it is news that he very well may be i don't think nationalizations are generally a good idea for almost anything so i stand for freedom and the government out of business i will say this tom you know there's a lot of republicans on the hill who would be with you they didn't like carp if it was a terrible idea they did not nationalize the banks but they would be supporting a bailout of the banks i on the other hand i think that in that crisis something had to be done so the banks would have a massive collapse which would dry up all liquidity so i think it was a necessary move at the time but the big problem

the senate dealt a blow to the nation's banks refusing to delay new rules aimed at slashing debit card transaction fees. >>> a correction on one story we reported yesterday. turns out the woman who claims to have had her facebook friends tattooed on her arms were a fraud. the tattoos were fake. >>> finally, one dating website hopes anthony weiner will quit his day job. the site, geared towards men with money seeking women, has offered the congressman $50,000 to be a spokesman. >>> prince hits two, the pirates walk-off winners and the sox stop the yanks again. >>> plus, on home ice, the red hot bruins tie up the stanley cup finals. your early morning sports headlines are just ahead. >>> in weather, the record-breaking heat wave will be over as we head towards the weekend. thunderstorms, widespread. your forecast is coming up. you're watching "early today." >>> good morning. if you're just waking up, this is "early today." in sports, looking doomed, down two games to none after leaving vancouver, boston bruins have suddenly climbed back into the stanley cup final. here's nbc's fred roggi

over eight percent greek stocks also fell with shares of alpha bank down over four percent the national bank of greece losing over five stuff. pretty much the same picture in russia westcott snap two days of gains banking and energy shares are dragging the r.g.s. in my eyes it's no work let's look at some individual moves now we see look or russia second biggest oil producer down one point seven percent in the first time this week as oil erased gains nationally after shedding point seven percent despite news its first quarter net profit jumped over fifty percent year on year to over three hundred seventy million dollars back in stocks and also under pressure with u.t.v. losing just under a percent. and british all major b.p. says it has no plans to sell down its stake in its rawson venture to n.k.p. the company tonight earlier media reports that it threatened to do so b.p.'s russian partners in thinking b.p. recently blocked the share swap deal between the professional major and. state run across that but despite the iraq b.p. says its focus in russia is on developing tame caden which is als

deputy prime minister proposing taking big banks that were nationalized and worse we didn't nationalize our banks and. now he's proposing taking the banks that were nationalized by pretty and handing out shares of stock to every citizen in britain and by the way this is the sec risk is this in britain right you've got the conservative prime minister saying he might consider it and you've got the liberal of the labor party saying that this is. a proposal of course again by american standards of by how dominated our today described by the corporatists wall street this would be a completely radical proposal but as sweden shows this is the way forward over the wall but it's only a way forward if you're interested in getting off of whom bust cycle that sends income up of i mean children matter which so far the republicans seem to have no interest in david thank you so much for being with us tonight thanks for having me banks there is have spent millions on lobbying in the last few years to make sure that wall street reforms aren't put into place and republicans like faithful lapdogs are maki

this balance is currency in dollars it took three weeks into the crisis before the national bank of belarus finally admitted something was wrong in the eyes of the leadership in minsk everything had been fine and when president alexander lukashenko decided to speak out to everyone but his government to what was asked but if you see someone buying things in a store instead of working in singapore find them with immediately the people working hard and that's why we're in this crisis the size of the russian media inflates this situation or do. these statements came a week after moscow agreed to provide an emergency loan in minsk at the euro sex summit having received these assurances the bill the russian government also turned to the international monetary fund asking for an eight billion dollar loan if their education started work in belarus to determine whether it is eligible to receive the help many wonder if the decisions already been made especially since only a few months ago shankar was openly cursing brussels over accusations of human rights violations in the best possible scenario min

there were a specialist since this money will go to the national bank to boost its reserves are you really this money won't be used for government spending were the whistle goes with it or not and if the economic situation both of globally and locally stays the way it is today we're actually quite optimistic in the years two thousand and eleven and two thousand and twelve we were that's at us and tell me this is taking into account the talks in moscow because much depends on them doesn't it of course expensive almost thank you thank you very much for being with us in just illinois today that's my guest of the show today was. the prime minister's ukraine spotlight will be back with more first comments on what's really like in and out said rush. in the czech republic he's available in the gallery hotel assayas central hotel premier of the most trigona full stop by you to which i am a taste in bosnia and herzegovina available in. the children of each. achieve the photo put you know. like times. in serbia multis available in moscow and hyatt regency.

for us to get the sloan from the i math there were a specialist since this money will go to the national bank to boost its reserves this money won't be used for government spending who are those who are not and if the economic situation both globally and locally stays the way it is today would i'm actually quite optimistic if you in the years two thousand and eleven and two thousand and twelve we were going to be at the sweet ellis' take into account the talks in a moscow theater because much depends on that doesn't it of course expensive almost thank you thank you very much for being with us they were just illinois the day that i did the show today was that the prime minister's u.k. put like movie back with more comments until you log in and out and rush. to get. going and. it was created to serve public interests to inform and to engine change. these days there's nothing easier than opening a new media outlets but there is nothing harder than revoking its license in case of corruption. when she is going to. stand. in front. of the crowd that is you can involve in a community where you have

-traded shares of the national bank of greece. volume doubled as the stock rose almost 8%. still, the stock is only a third of the price it was at this high in august. while we're overseas, u.s.- listed chinese stocks took a hit, especially internet firms. sina dropped more than 10%. baidu was down almost 4%. travel services firm c-trip shed almost 2%. there is market talk that china's central bank may again raise interest rates to attack inflation. drug developer orexigen hit a new 52-week low, losing a third of its value today. look at this big drop. it is suspending the u.s. development of its experimental diet drug. u.s. regulators wanted more testing. shares have been on a wild ride as it has tried to get f.d.a. okay for its medicine. two other firms working on similar treatments also fell. vivus and arena fell by 3% and 2% respectively. these two have been unsuccessful bringing their drugs to market so far. and that's tonight's "market focus." >> susie: more on tonight's top story. while the nation's headline unemployment rate is just over 9%, dig deeper and you'll fi

losing over eight percent stocks also fell with shares of alpha bank town of the four percent national bank of greece losing notified the stuff. pretty much the same picture in russia with talks now two days of gains banking and energy shares are dragging me out yes in the us it's lower let's look at some individual moves look oral russell second biggest oil producer is down nearly two percent this hour for the first time this week as well it raised gains passion you have to set in point seven percent despite news its first quarter net profit jumped over fifty percent year on year to over three hundred seventy million dollars and banking stocks are also under pressure with b.c.b. losing over a percent. british law major b.p. says it has no plans to sell down at stake and it's a russian venture team keeping the company denied earlier reports that it threatened to do so b.p.'s russian partners in taking recently bought the share swap deal between the british firm and state run ross net but to spite the route he says its focus is on developing take a b.p. which is also the country's third larg

basic idea behind the plan to spur investments because actually let's move me to a chairman of national bank myself and some of the key people who traveled around the investors of the world and we asked them how would you invest much more into the russian economy and basically they said that they would like to invest more but they need to have a good partner because for many people to be their first guest of the russian if a partner so for investment is a basic ideas of funds we'll invest in projects but it can invest in projects only if at least the same amount of money is going vested by the leading international investor in the project to swap what's the broader purpose of this fund what is it to achieve i think many investors feel that as a result of a perception gap between real risk situation in russia and how some investors perceive it and you know we can go into the history of it but everybody agrees that the resists perception gap that basically investors think it's more difficult and more risk it would invest in russia as an actual it is so defiant it will be a partner in that they

is weighed by concerns over greece banks and greece were among the biggest decliners shares of national bank of greece seven point eight percent and those of hero's bag say seven percent. here in russia markets close in the red on wednesday with both key indexes like the lower the r.t.s. last point three percent of the market was down nearly point two percent now let's have a look at some of the individual share moves energy majors were mostly lower gas probably more than a percentage point nine percent in the bread and electricity sector into rao was higher all reports about the company's possible cooperation with chinese from china . and russian financial cooperation if case is to my has posted its net profit by a thirty percent to one hundred and two million dollars in the first quarter of two thousand and eleven the company said. the results reflected strong net income growth from its core assets and oil operations. a wide range of companies including controlling stakes russian top model a top mobile operator. and oil company. that's business for this hour but i'll be back with more in a

weighed by concerns over greece banks in greece were among the biggest decliners and shares of national bank of greece dropped seven point eight percent of those of banks nearly seven percent here in russia markets close in the red as well both with both slightly lower the r.t.s. last point three percent i'm isaac's down around point two percent now looking at some of the individual share moves we see energy majors mostly lower gas from last more than a percent and roll snapped point nine percent in the red and i would just say the sector into rout was a reports about the company's possible cooperation with chinese from. russian financial corporation. has boosted its net profit by thirty. sent to one hundred two million dollars in the first quarter of two thousand and eleven the company says the results reflected strong net income growth from its core assets and oil peroration owns a wide range of companies including controlling stakes in russian top operated m.t.s. and oil companies passionate and that's over me in the business team here on our team will be back tomorrow with more business

weighed by concerns over greece banks in greece were among the biggest decliners and shares of national bank of greece dropped seven point eight percent of those of banks and nearly seven percent here in russia markets close in the red as well of one state both with both candidates is slightly lower the r.t.s. was point three percent and i'm isaac's was down around point two percent now looking at some of the individual share moves we see energy majors mostly lower gas from last more than a percent at ross now just point nine percent in the red and i would just say the sector into raw was a reports about the company's possible cooperation with chinese from same. person financial corp n f k sistema has boosted its net profit by person to. sent to one hundred and two million dollars in the first quarter of two thousand and eleven the company says the results reflect its strong that income growth from its core assets and oil peroration its systemic owns a wide range of companies including controlling stakes and rawson top mobile operator m.t.'s and all company question after. so for me in the b

production from libya which is currently engulfed in civil war because of the head of research at national bank explains why he thinks the i.a.e.a. has taken this unusual step. boeing has two reasons the first of these relates to the global economy and bear in mind that central banks around the world central banks and governments alike a fairly along the prospects of rising inflation and oil prices are a major contributor a factor here they certainly don't want to drive their economies back into recession. over trifling interest rates in order to deal with inflation so working directly at the root cause of these price increases i think is a very very shrewd move so the first reason is because they're concerned with inflation i think the second reason is also to show that the balance of power across the world doesn't lie entirely with opec and i think the opec decision fifteen days ago that was taken not to increase production i think did actually upset many people around the world so partly it's about power it's also about inflation. looking at the equity markets now the u.s. markets are tradin

the bellers government along with the national bank have asked the international monetary fund for yet another financial lifeline the size of the requested some remains unknown over the past few years the i.m.f. has already given the country three point five billion dollars the organization is now open to mission there to check whether the country is capable of paying the bones back the economic situation envelop deteriorated rapidly earlier this year or some of the government to devalue the national currency. now it was one russian child's dying wish to a president to see a new hospital built for kids to ease the pain youngsters like him have to go through sadly cancer patient d.m.o. never lived to see his dream become a reality but with the doors of the center now about to officially opened his memory will live on oksana boyko house more. so it was supposed to be a happy ending six years ago. was successfully recovering from the key. where he was already strong enough to give the un president vladimir putin a tour around these overcrowded cancer wards and insightful enough to ask whe

these toxic assets and if we the government and the federal reserve could play the role of the nation's banking system and help just get over this period of very tight lending perhaps we could get through it and i think the evidence is actually very supportive but again not a popular thing but that it worked much the way that we and treasury and i wanted it to and at a price far below what people would have expected so i wouldn't if you thought he would just liquidated those banks though wouldn't there have been i mean in the free market economics of it would there have been hundreds of smaller competitors that would step in and like you know one eight hundred got broken up you know it was you know it's something would have taken out oxygen something would have provided it but perhaps it would have been you know this is one of these cases where you don't know the counterfactual would have happened otherwise but remember some of those institutions did go to lehman. and some of those institutions really did go down and man the ripples through the global economy were really felt pretty cataclysmic

this will make capital won the fifth largest national bank. >> a live look of san francisco pretty clear be right back the morning and welcome back those wildfires in arizona are causing more problems. i pre evacuation notice in the southeast in a place called eager was pleased because of high winds. the fire is 33 percent contained. by high winds are now helping at all. there are over 600 firefighters on seen awarding this fire. bay bank and unattended campfire is the cause of this fire. there is also another fire in arizona carried a spokesman said day extreme drought is part of the problem. this is only 17 percent contained plea and gusty winds are also to give the mexico colorado border it has burned 26,000 a. and destroyed eight homes and 26 other structures. >> and the swollen missouri river is causing problems. there is the possibility that lead they would break that means hundreds would have to a evacuate. the water has been rising for weeks. as the warmer weather approaches the sierra. wherever there runs through it is setting is producing a wonderful waterfall news. >> not wet

bank of america will probably end up spending more than some of the other banks in terms of percentage of past original nation. but it definitely sets a press deb for future settlements with other banks. >> reporter: but that's not the only hurdle banks are facing, they are also negotiating with all 50 state attorneys general over their foreclosure practices, dubbed robo signing. most analysts think a settlement is coming. with bank america again paying the most. >> the state a. g. thing is probably going to be several billion dollars to a bank america. so it actually might be somewhat smaller than this. the other thing about the state a. g. settlement is that parts of that can be taken out of existing reserves. >> reporter: even if you don't own bank stocks, the bank of america settlement could have an impact on you. experts say the faster the subprime mess gets resolved, the faster the housing market can turn around. erika miller, "nightly business report", new york. >> susie: the mood is a little better here at the new york stock exchange and not because there's a party going on behind me. but i think ther

we need a national infrastructure bank to repair and rebuild america's crumbling infrastructure. the house majority leader eric cantor has played down this proposal as more stimulus but if republicans set aside ideology they'd actually see this as an opportunity to push for two of their favorite ideas, privatization and the elimination of earmarks. that's why republicans like kay bailey hutchinson and chuck hagel are in favor of such a bank. the united states builds its infrastructure in a remarkably socialist manner. the government funds builds and operates almost all of american insfra structure. in europe and asia the private sector plays a larger role in finances and operating roads, highways, railroads, airports as well as other public resources. a bank would create a mechanism by which you could have private sector participation. yes, there would be some public money involved, mostly through issuing bonds but with interest rates at historic lows, this is the time to use those low interest rates to borrow money and rebuild america's insfr instru infrastructures. a national i

according to the national bank intelligence center, a study on january 2009, approximately 147,000 gang members are incarcerated. they pose a security threat not only within prison walls, but also in our community. the ability of leaders of these criminal enterprises to control and direct operations outside a prison cannot be ignored. further, the violent right-wing ideologies of many of these gangs must be discussed. let us not forget that james byrd was dragged to his death on a back road in texas by right wing gang members who were radicalized in jail. they undermine order and commit mayhem. it is not dependent on political ideology or religious beliefs. the committee held a hearing assessing the threat to the nation body's security calling the death of osama bin laden. we learned about terrorist aspirations to launch attacks on the u.s. earlier this month and american born spokesman for al qaeda released a video that called on muslims to commit violent acts on america by taking advantage of the gun show loopholes. he told his viewers that in this country you can buy a fully automati

a national infrastructure bank would also address a legitimate complaint of the tea party. earmark spending. one of the reasons federal spending has been inefficient is that congress wants to spread the money around in ways that might make political sense but are economic nonsense. an infrastructure bank would make those decisions using cost benefit analysis. in a meritocratic decision. let's face it. america's infrastructure is in a shambles. just a decade ago, we ranked sixth in infrastructure in the world according to the world economic forum. today we rank 23rd and dropping. we will not be able to compete with the nations of the world if we cannot fix this problem. is it too much to ask that republicans and democrats find a way to come together on this? that moment of bipartisanship might actually be the biggest payoff of all. let's get started. >>> election day 2012 is amazingly more than 500 days away, but there is no denying the campaign has begun. here to talk about it, a great and greatly opinionated global public square panel, fulfilling the global part of our mis

senar richard durbin said a delay would be a big kiss for the nation's biggest banks. >> this delay could be significant, and from the banks' point of view, the longer the delay, the better. what's it worth? $1.3 billion a month for every month they can delay it. how long would they like to delay it? forever. >> reporter: the new rules do contain a special exemption for small banks, but montana's jon tester said regulators were not confident it would work. that's why tester is pushing to delay the new rules, which he said would force some small banks out of business. >> and i could care less about the wall street banks, they're going to do fine. but i'll tell you what, we lose the banks of our small towns of montana, or wyoming, or tennessee and you can put another nail in the coffin of rural america. >> reporter: retailers were relieved after the vote failed. the national retail federation's mallory duncan says consumers should see a difference after the fees fall next month. >> consumers can drive up and down the highway now and see that retailers are offering a discount for cash. this

i am chairman and ceo of the national bank in lebanon, ohio. i am also is the current chairman of the american bankers association. aba is strongly opposed by recent efforts to redefine the credit union charter in ways that would effectively turn credit unions into tax-exempt banks. this effort most recently embodied in senate bill 509 would allow credit nance -- credit unions to increase the gap and make significantly more business lending. this would allow a new breed of credit unions to move aggressively to pursue business customers through commercial loans. it would also serve as an invitation to credit unions that are currently not near this cap to focus on business lending to the exclusion of consumer lending. under current law, credit unions have been aggregate member business cap of 12.25% of assets. however, business loans of under $50,000 do not count against this cap, nor do many other types of business loans, leaving ample room for business -- for credit unions to serve small businesses. there is a limitation on business lending bec

that now want to attack and get rid of gadhafi supported the bank bailout which sent the libyan national bank money through aig. we have been sending foreign aid and money to libya and i think that's been a mistake for years. now we are going to fight a war against him but most specifically we cannot and should not fight the war unless we do it through congressional action as the constitution contended. >> gadhafi can make the case i'm going hang on, america is getting stopped. >> there are lot of people in the world we prefer weren't presiding over their governments. our first challenge is abide by our constitution. when we fail to abide by the constitution everything else that follows going to be poison. so we must go back to the founders' wisdom, separate the war power, and from the executive and to -- have it firmly reside in the hands of the congress. and that's what -- why we went to court today. i'm hopeful we will get a decision once and for all we will establish the founders intended for congress to have the war power and no president can take this country into war on his own. >> new

moody's said it doesn't think uncle sam will go to extraordinary lengths to save some of the nations biggest banks. that could lead the firm to cut debt ratings on bank of america, citigroup and wells fargo. >> tom: also in washington today, the department of education rolled out new regulations on for-profit colleges. while the rules ensure graduates of for-profit colleges earn degrees that get them jobs and let them pay back student loans, the schools will have longer to implement them. stocks of for-profit colleges staged a strong rally as investors decided regulators had given the industry a passing grade. darren gersh reports. >> reporter: alarmed by high student loan default rates at for-profit schools, the department of education set out more than a year ago to make sure more students graduate with a degree that actually helps them find work and pay back their loans. but r.b.c. capital analyst bob wetenhall says regulators turned out to be easy graders. >> and some of the companies that were suspected of being the primary violators, like i.t.t. educational services and corinthian colleges,

hamilton and jefferson fought over that, and hamilton wanted a central bank, and they did have national banksin our history, and jefferson got rid of one, and jackson got rid of another, so we went most of the time up until 1913 without a central bank, but the devaluation of the currency should be considered a crime, but that is the policy. the fed came into business in 1913. an ounce of gold was $20 to 1 ounce. today, over $1,600. that means the currency has been devalued over 90%, and people lose on that. people were cheated. if you saved 10,000 dollars and it has devalued 50%, you get $10,000 back with only about $5,000, so it is a way to teach people. character illicitly, when you destroy currency, you transfer money from the middle class to be wealthy, and we are witnessing the all the time today when the bailouts, , the wealthy. yes, they have to pay higher prices for gasoline, but it does not hurt them. the personnel who has lost their job because of the depression, they did not get the bill of, and now they are getting hit with the higher cost of living, so it is a terrible system, it

. >> one of the nation's biggest banks is warning customers to watch their accounts. citygroup says hackers broke into its computer systems last month. the hackers were able to view the information of about 200,000 city bank credit card accounts. the bank says the hackers were not able to access social security numbers but they could see customers' names, addresses and phone numbers. city says it is notifying affected customers and it may issue them new credit cards. >>> apple putting the brakes on any apps that help drunk drivers avoid police. reviewing applications that tell users the locations of dui check points and banning any similar app from its store in the future. in march some senators urged apple, google and research in motion to remove apps that contain check point information. that company r.a.m. agreed right now. now apple is updating its gills. no word yet from google. >>> and speaking of dangerous driving. the u.s. supreme court ruled today that leading police on a high speed chase is a violent felony. in a 6-3 decision the justices said car chases are

. >>> one of the nation's biggest banks is warning customers you better watch your accounts. citigroup says that hackers broke into its computers system last month. the hackers were able to view the information of about 200,000 citibank credit card account holders. the bank says that the hackers were not able to access social security numbers. but they could see the customers' names, addresses, phone numbers. citi says it's notifying the affected customers and may give out new credit cards. >>> some banks are trying to drum up credit card business by offering customers a different kind of account. julie watts on the consumerwatch is here with the new push to enroll regular customers in accounts for businesses. >> reporter: the credit card act of 2009 put in place a lot of new consumer protections. but those rules don't apply to business credit cards. that's one reason banks are now pushing those business cards on regular customers. you might have seen them in the mail. 10million offers went out last month alone. >>> reporter: they are intended to help business owners keep tra