then, sam zell, billionaire, not holding back. his take on the market, economy, the fiscal cliff, and why he's donating his cash to mitt romney in the 2012 election. the "closing bell" from chicago is back after this. ♪ [ female announcer ] you're the boss of your life. in charge of long weekends and longer retirements. ♪ ask your financial professional how lincoln financial can help you take charge of your future. ♪ [ male announcer ] we began with the rx. ♪ then we turned the page, creating the rx hybrid. ♪ now we've turned the page again with the all-new rx f sport. ♪ this is the next chapter for the rx. this is the next chapter for lexus. this is the pursuit of perfection. >>> the situation in europe poses a risk to the u.s. and economy and must be monitored closely. as always, the federal reserve remains prepared to take action as needed to protect the u.s. financial system and economy in the event financial stresses escalate. >>> fed chief saying that the fed is prepared to act. just yesterday three top members of the fed ju

as well, i'll speak with billionaire sam zell who has been amazingly accurate on the real estate market. >> he better be. he's one of the most savviest retail investors in the u.s. and to get his take, ben bernanke t. in the european sector and with a wait and see take on the economy. >> and with jpmorgan, did the fed totally miss it again? the risk that is being taken? we'll get his take on the fiscal cliff, all of the things that we've been talking about with so many of our guests. >> paul volcker feels that jpmorgan is too big to manage and that's the problem. coming up, if you're just joining us, the bulls would have liked more from bernanke but at least it got a promise to act again if and when the economy gets worse. that seemed to be enough. >> what else do they want from bernanke? >> if we close where we are right now, the dow would have the best three-day win streak going back to last november. it also helped to have china and their central bank cut their rates overnight by a quarter percent, showinging that they are looking for growth in their economy as well. the dow up 108 p

did we get center sam zell is fighting for its life the owners of this property once and not all this,,,,,,,,,,,,, avicenna's a wary three alarm blaze towards a victorian home tonight. a fire broke out around 830 on 10th street near san jose state university. firefighters say smoke was coming out of every window no injuries were reported as the house was abandoned. the fire is now under control no word yet on how it started. in an unprecedented move the house voted to hold attorney-general in contempt of congress. republican leaders pledged to vote through because they did not hanover the documents from the justice apartments investigation in what was called operation fast and furious to guns from them bumbled mexican dance scene were found at the murder of a border patrol agent. when we ask legitimate questions about brian terry's murder about fast and furious we relied too. just when you think they couldn't possibly go any further over the edge they come up with something like this. it turned over more than 7600 documents during the course the investigation but he did not release th

sam zell is right, never get fixed -- >> took me a while, lies man. >> joker man. >> what you're sayinghink it's second -- in the second order, rick. >> i think people don't use the $2 trillion because they don't see immediately demand and/or profit possibilities from that $2 trillion. you have a situation where there's excess capacity in the economy, we've shuttered factories, all sorts of stuff and if you said it, i'm going to put x billions -- x millions of dollars in the plant today, where's the demand, the certainty on that. i think there's a lot of things that have to do with why the $2 trillion is not being spent. government policy is one of them and i've maintained a long time, i'm not sure it's in the first order. >> i definitely think that the government needs to clear the zone, you know. you had marco rubio on. i'm sure he talked about his background, immigration, building the country. >> he did. >> okay. well -- pretty much enough said. >> my logo too late. bring it up. do you have it? bring it up. here's my idea for romney/rubio. it was too late. >> that would be good, joe.