provide relief to exactly homeowners are big banks author and former goldman sachs managing director nomi prins will give us the real scoop let's get to today's capital account. so federal reserve chairman ben bernanke he testified before the senate today last week remember he testified before the house and the media that i saw today was wanting to hear if the good u.s. jobs numbers that came out since bernanke he had last spoke in would change anything about monetary policy or about what he said now remember the jobs report has been deemed good because the headline unemployment number went down a little bit to eight point three percent now bernanke he actually said this understates the weakness of the labor market in that hearing today but here's the thing do these monthly numbers even matter people who crunched them seem to say maybe not david stockman reagan's former budget director in an e-mail that's come out says you basically can pick and choose what you want from the reports to support your thesis or the trends that you want to highlight he says in short if you spend a little time with

one to push through these reforms and again at what cost to society well here to talk about it nomi prins author of black tuesday. the vocal put it right there she's also former managing director at goldman sachs. and we're so happy to have her again on this show know me welcome back to capital count nice to see you thanks for being here i know you were tweeting earlier today about this situation in greece what would be your message to the private sector and to the i.m.f. as we're seeing pain inflicted once again on greek citizens at the mercy of international lenders and a government led not just by a technocrat in charge but by leaders of political parties that become deeply unpopular and are trusted. it's tremendously sad and what i tweeted was something to the effect of if iran greece or someone with any form of true humanity and feeling for the population and the economy of greece was actually running greece then the decision would be to forego paying bondholders to forgo making arrangements with the international banking community with specific private means or through the i.m.f. or

continued to rise defaults continue to be bad in the housing market continues to be anemic now nomi prins says that nothing is going to matter until banks mark to market the lousy mortgages that are on their books as this deal for banks of course this ends a probe of abusive foreclosure practices that's good news for them i wish i could tell you whether or not banks robo signed the agreement that i don't know but will they suffer that's of course the big question well one example i have j.p. morgan according to bloomberg won't even need to set aside additional cost to cover its share in the agreement so if that's any indication it doesn't sound like they're going to be suffering too bad as a result of signing on to this settlement i recommend you check out our full interview with nomi prins it's on our web site from earlier this week more on that deal and lots of interesting stuff that you should definitely go back and check out but for now that's our reality check and that's all we have time for thanks so much for tuning in feel free to follow me on twitter at lauren lyster you can also

as a result of signing on to this settlement i recommend you check out our full interview with nomi prins it's on our web site from earlier this week more on that deal and lots of interesting stuff that you should definitely go back and check out but for now that's our reality check and that's all we have time for thanks so much for tuning in feel free to follow me on twitter at lauren lyster you can also go to our website and give us feedback on the show at youtube dot com slash capital account you know we've read it you know we respond to it if you don't see our producers responding to you on the boards right there i may respond to you tomorrow is viewer feedback day also on the show tomorrow we have the rockwell chairman of the bond nieces institute so you won't want to miss that but for now from everyone here at capital account and morning mr have a great night. wealthy british style. markets why not. find out what's really happening to the global economy with max cons or for a no holds barred look at the global financial headlines tune into cars a report. download the official t. up

is something that's really missing so it's really nice to see a positive feedback there and for nomi prins who is obviously a guest of this show someone that we really look to for her authorities said occupy the s.c.c.s. caitlin cline in alexis goldstein are my new heroes told us they were great guests that night and there are heroes too we can't say enough how much we're very impressed with the work that they're doing and we're glad that our guests in our audience agree as syntax said on you tube if it weren't for this show i wouldn't even know about the volcker issue it would be all discussed by some three hundred people who may or may not be in the pockets of corporations which you can assure we are not and we're trying to get you the objective real story as we see it on this show now duck vision one nine hundred seventy four brought up greece because we've been talking this week about why a default would mean an exit from the euro zone and how greece could default without sitting we brought also. down the leaked document that shows how rosy the assumptions are about greece and duck vis

our producers responding right there on the boards stay tuned this week we have a great lineup nomi prins is going to be on tomorrow i'm sure we're going to talk more wall street and in the meantime from everyone here at capital account have a great night.

see our producers responding right there on the boards stating this week we have a great lineup nomi prins is going to be on tomorrow i'm sure we're going to talk more wall street and in the meantime from everyone here at capital account have a great night. it's. suitable because should you it is clear that efforts to end violence must be accompanied by a dialogue between all political forces syria's president confirmed that he is ready for such work breaking news this hour syria's opposition signals it welcomes russia's mediating efforts in trying to bring them and the government to the negotiating table this after president assad assured russia's foreign minister of his readiness to talk to all political sides and promise syria's new constitution will be soon put to a vote. and as russia stepping up diplomatic efforts to solve the crisis in syria major european and gulf states recall their ambassadors from damascus. greek standoff clashes in the athens streets as protesters voice anger and massive new jobs cuts will coalition member struggle to agree to more austerity measures to secure

our producers responding right there on the board so stay tuned this week we have a great lineup nomi prins is going to be on tomorrow i'm sure we're going to talk more wall street and in the meantime from everyone here at capital account have a great night. culture is the same of g.r. can tell by the lottery winner so close all. the full service of national terminations and sovereignty this is what many scots say they want realistic is an independent scotland would appeal for. me eve. download the official t. up location show on the phone all i pod touch from the queue stops to. life on the go. video on demand parties mine gold costs and says feeds now in the palm of your. question on the dot com. gold. so you are tearing down the tent of dreams occupy d.c. protesters wake up to get another police crackdown so as authorities reach the last occupy stronghold is this the end of the movement as we know it. and police aren't the only ones changing the rules of the game the u.s. and european union have switched their playbook playbook to a full court press on iran with harsh words and even more