billionaire and investor george soros.n wednesday, he was in berlin to introduce his new book in which he warns that the euro prices could still potentially be fatal for the eurozone. >> he believes chancellor angela merkel is taking your in the wrong direction and warned against addressing the crisis with spending cuts. he urges for the injection of funds instead. here is our report. >> george soros, one of the 10 wealthiest americans, says the german bundesbank's excessively restrictive policies have made it harder to deal with the euro debt crisis. in his new book, it details how he would tackle the crisis. he insists the problem lies in disequilibrium among european countries, rather than in high liquidity. >> the bundesbank is forcing the wrong policy on germany and the rest of europe. austerity worked for germany, and the german public cannot understand why a should not work for europe. but germany applied austerity when the rest of europe was booming. but when you're up as a whole tries to retain, the economy will s

meanwhile george soros writes in an op ed things have gotten less volatile in europe but more lethal we've seen an e.c.v. official hint that the bank could attempt to put out the fire with more debt purchases or try policymakers may control the printing press but they can't control or confidence in a currency or economy so we'll talk about where this is headed and virgin mobile goals richard branson has a new global idea he's got a plan to tackle the racket of student loan debt and you thought outer space is ambitious look talk about it let's get to today's capital account. more reading of the u.s. federal reserve's tealeaves today as the fed's vice chair janet yellen said interest rates maybe should be kept at zero until as late as two thousand and fifteen reportedly she said that in a speech in new york meanwhile the new york fed president william dudley also has reiterated he supports keeping interest rates near zero until late two thousand and fourteen now all of this has us thinking back to the future about time travel and has us wondering if the artificial manipulation of inter

>> forget about the personalities, george soros, larry summers, whatever. the question is -- >> we have cnbc here. they like names. the question is, was this a super bubble? yes. it qualifies. did it have a character that was not amenable to a quick fix? the normal -- the garden variety of business cycles that we talk of and got rid of in the 1960s but didn't, you had some excesses and business investment. you may have had some excesses in housing and you had some build up in inventories. but it was not an enormous scale. when the economy went down, it didn't take very long for the adjustments to be made. and particularly what happened was, because home building and the interest rates went down, you quickly get a rebound in housing. but you didn't start out with enormous excess of housing. there are still a million or two million hoemgz either in foreclosure or in foreclosure. big supply over hanging the market. so you get no rebound in housing. forget about the mini sessions. but we're v shaped. it is not a "v" shaped after this one. all things considered,

he said, well, soros is not always right. but my point is -- my point is neither administration listened to us at the time. but lou ranieri is in there now buying these securities, paying 40 cents on the dollar. so imagine, if you buy a mortgage, you know, a package of mortgages and each one, say, it's a $200,000 mortgage, you know, you're paying less than $100,000 for it. so you're looking for a principal reduction? there it is. it's in your hand. and by the way, investors invest. sometimes they make money, and sometimes they don't. and that's -- you know, somehow what we're trying to do, especially with this idea of fore "barron's," where you're just setting aside some of the mortgage for a while -- and this is of course what's advocated by ed demarco and fafa -- is set aside a portion of mortgage. talk about kicking the can down the road, okay, we won't charge interest on that mortgage, but you're still liable for it. if you sell your home, you have to pay that back. so the entire amount of that mortgage, even though the i

why don't we start with those comments from soros. is he right that the problem for the eurozone has been misdiagnosed? >> the response to the crisis is really more important. to say that it was tied to the housing market, i would say i would not agree with. what i would agree is that we have substantial competitive divergence in europe and this competitive divergence has created huge imbalances in current accounts and as the preeft sector was no longer a willing to fund that or the public sector was not step manage sufficiently to close that gap, so what is really left here is a central bank which needs to act to close that funding gap. and i guess that's currently happening. so all this talk about the central bank to come into buy those bonds, we have a funding gap and we need to close it in one or the other way. and of course fiscal authorities are not willing to do that. it is down to the military authority to act and it looks like that we are getting within the next few weeks a decision closer to that direction. >> is it possible

. >> did you see george soros' op-ed today? >> i don't even have the financial times. >> it was mentioned in morning money and i went on get it. >> we get those here. you bought one? >> no, here. >> supposedly they're not here yet. >> they're at the front. >> way to go, grecco. >> soros is suggesting that all the long term ease has gone we had in europe really hid what he has called the kund lying i und deterioration and it actually got much worse. and what may be going on here may be fine for now. but i do think this overhang is real. >> and he said that it's the most dangerous stuff even though it's not as volatile, the most dangerous stuff could get uncovered right now. >> how do you know it's not part of his plan to -- such a sub per sif to somehow hasten the end of the world, which is what i think he's trying to do. >> are you trying to make this political or -- >> no, i'm not a fan. i'm just not a big fan. the way a lot of the beds that he's made and big enough to orchestrate some of the things that happen. >> do you thin

love for evolution technological his goal of revolution handbook dryly and i have george soros me as sources as balls or and by the donor sharp is an ideologue and. that's a man who invented the whole technology of that but on company political english and so. of course the united states are the leading power when it comes to business knowledge i can see you know just recently way in tribute to the newly appointed yes investor to russia. fall and he said yes america used to fund opposition movements and cow them but it was under a different administration we no longer do that under obama's administration do you believe that personally that's not a i believe that mr michael is one of the. best specialists and that scholars who are working on michael of all revolutions and i think you're right is an expert and in that i don't believe that united states don't use this technology because i have just returned for it for instance from syria this is the pickle juice so you think syrian uprising is closer to like you would call a cold revolution totally innocent in the beginnings. testing fo

that president obama is defeated i think when people this year will be watching it is what george soros decides to do he too is up there in age is eighty one years old and has given about thirty million dollars in two thousand and four two thousand and six and the two thousand and eight election cycles for democrats and of course a major john f. donor for obama's two thousand and eight presidential campaign if he gives again he may well be up against a whole lot of donors supporting mitt romney one of the biggest donors so far it to the program the super pac restore our future has been frank vandersloot and he's a young one he's just sixty three years old but he's made a name for him so. as being sponsored anti-gay and history back as the recent restore our whatever it was up there certainly a vendor salute is very conservative and we no doubt haven't seen a lot of him already so people are going to we can call it follow the money monday and take a look at foster friess seventy two years old today happy birthday foster freeze his super pac is the red white and blue fund which really hel

one thing a lot of people will be watching is to see what this man does eighty one year old george soros he gave thirty million dollars back in two thousand and four two thousand and six and two thousand and eight to democrats and also a big time donor to obama's two thousand and eight presidential campaign if he gives again and how much something people are wondering and if so he will be up against quite a few other donors who a lot of people right now believe will be supporting mitt romney one of the biggest donors so far to the program the super pac restore our future is this man frank vandersloot sixty three years old now he's made a name for himself as being staunchly anti gay and very conservative. yes this is fun let's keep going on this follow the money monday foster friess seventy two years old today his super pac is the red white and blue fund which is really held to keep rick santorum in the race to become the republican nominee then there is a las vegas casino mogul sheldon adelson he's seventy eight years old his super pac is called winning the future reading our future and

obama this november is defeated and i think one thing a lot of people will be watching is what george soros decides to do he is also an eighty one year old man you've given about thirty million dollars in two thousand and four two thousand and six and two thousand and eight to democrats and of course of big time donor to obama's two thousand and eight presidential campaign if he gives again he may well be up against a whole lot of donors supporting whoever the nominee is a lot of people right now presuming it will be romney one of romney's biggest donors is frank vandersloot he's sixty three years old he's given a whole lot of money to the pro romney super pac restore our future and he's made a name for himself as being staunchly anti-gay certainly vandersloot is also very conservative and we no doubt haven't seen the last of him so let's keep going let's call it follow the money monday. let's look at foster freeze he's a seventy two year old seventy two years old today his super pac is the red white and blue fund which is really helped to keep rick santorum in the race to become the republ

sore rows on chlt a soros' analysis? >> you have to have respect for the guy. he's the master.ive. yes, they need a weaker currency, but the dollar also needs a weak currency. but only one gets their way. it's not that i'm negative on the dollar, it's that the u.s. will get its way. wants a weak currency and it will get it. you're roll, there's nothing they can do to get it. what is this bundesbank? it's the ecb, buddy. it's all the ecb how. and, you know, that's what matters. >> yeah, i think his point was bundesbank was starting to act as though it was protecting germany from a possible breakup. those actions might make the situation worse. >> all the strong influence of the bundesbank walked out last year in a if the of peak. some of help leaving the bundesbank. i'll tell you something, look what happened to switzerland. strong economy, good public finances, 50% overvalued currency and it squeezes the life out of your industry. that's what would happen to germany. they cannot leave. they need the euro. >> we'll have to leave it there, but of course more from frank and david

the right often cites george soros, who does have interest before the government. so far, that's the kind of person that might step up, but there aren't many of him and he may not. >> when you they think about politics in structural terms, when you think about people having zillions at their disposal, being able to influence elections almost infinitely, to the extent that money is speech, you end up with a structural disinclination in our politics to deal with the politics of anybody other than those at the very top. and it's hard to imagine a way out of this. >> it's pretty bad. and it furthers the inequality that's choking the system as it is. >> yeah. frank rich, "new york" magazine writer at large, executive producer of the new hit hbo show "veep," frank, congratulations. >> thank you. >> great to see you. we will be right back. >>> a little bit of late-breaking news for you before we go tonight. recently, we've been reporting on a trend in the u.s., a sort of little-noticed and little-reported trent in the u.s. for states to turn away from capital punishment.

it's like saying my restaurant is so good that everybody is eating at soro's. >> juan: healthcare tople come to america? freddie our emergency rooms are probably better than their healthcare. >> juan: i think the economic opportunity -- i mean it's not -- >> greg: aren't they linked together? >> juan: c'mon. harper said the same thing. >> greg: economic opportunity is here you have a government who can't offer that, because they're too busy with universal healthcare. dangerous to live there. universal healthcare. they also are -- thank you, juan. they have a higher crime rate than most war zones. >> eric: they're coming from mexico to america for the healthcare. >> juan: rich people. if you have money in america you get the best healthcare in the world. >> eric: canadian and mexicans are coming to america if they can afford it or not. either way. >> eric: if -- >> juan: if you are ill and go to a hospital we take care of you. >> dana: that is not a law. it's hippocratic oath. >> juan: no, no, no. hospitals are penalized unless they do that. so people get the benefit for the fact all

color of change gets huge influxes of money from george soros ties to sciu. ties to move on.org. these ten tennessee ten tackles that connect these organizations. what they're designed to do is much what media matters is designed to do. this other group. basically shut down conservative speech and, look, they have a right to lobby these companies, it is a free country. they could lobby coca cola and kraft and mcdonald's and tell them, well, american legislative exchange council which is basically a free market group, business interest and state legislators free market group draft legislation. if do you anything with them. if you give them any money they are going to do something. intimidation campaign. and the bottom line is color the change does not want free speech. they don't want any real debate on these issues, period. >> bill: i don't think there? i doubt about it the far left and we have been reporting this for a dozen years now. >> years. >> bill: not only do they not want free speech but if you go against their ideology they will hurt you. hurt your family. they will do

i think te soro and valero traded up and we talked about pulling the rip cord.s the opportunity to maybe start looking at these things. they might be sufficiently washed out. if you believe we put in a bottom in the s&p, they get bottomed very quickly. now is an opportunity and they are off the sellers. >> are you still in the integrated? >> i tend to want to stay in the names because of the fact. they have the spin off that is the some point adds to the value of this company and today on the halftime, dan dicker talked about valero and feels it's because of the run that guy was alluding to. it's too high and needs to be closer to 20. it's north of about 23. a little bit more of a pull back and you can look at the refining. >> should we be concerned at this point? we spoke to dan the other day and he said that gas prices would bounce higher meaning 2.50. that's not very high. that remains low. i would think that there would be a shift away and maybe volumes would be down on the rails. >> we talked about kansas city and the names. that stock had a tremendous run

[applause] let's take the george soros and hillary clintons had gone very the represent a world in which he leads to disarm the rest of us aware helpful when he leaves turn sour and when evil reappears. we represent a world in which we trust in the basic decency of millions of people and we believe they can, in fact, protect themselves and they can be armed with safety because they are in charge of their life because god has made them sovereign, not governments. [applause] remember -- i want to close with this but i want you to think about this and put it in your hearts -- our declaration of independence did not say we americans. it is a universal document. we hold these truths to be self- evident, that all men are created equal, not all americans. and that they are endowed by their creator, the reference point there is to all men, not to americans. we don't need to go across the planet trying to impose a american values but we do need to go across the planet and advocate human values and of those human values are best captured in the declaration of independence, the constitution, and th

color of change gets huge influxes of money from george soros ties to sciu. ties to move on.org. tennessee ten tackles that connect these organizations. what they're designed to do is much what media matters is designed to do. this other group. basically shut down conservative speech and, look, they have a right to lobby these companies, it is a free country. they could lobby coca cola and kraft and mcdonald's and tell them, well, american legislative exchange council which is basically a free market group, business interest and state legislators free market group draft legislation. if do you anything with them. if you give them any money they are going to do something. intimidation campaign. and the bottom line is color the change does not want free speech. they don't want any real debate on these issues, period. >> bill: i don't think there? i doubt about it the far left and we have been reporting this for a dozen years now. >> years. >> bill: not only do they not want free speech but if you go against their ideology they will hurt you. hurt your family. they will do anything t

host: our caller mentioned george soros. are there corporations that give democrats leaning groups similar to alec ? guest: at&t has supported the naacp and other groups across the spectrum, for example. something i should mention with his open society foundation, which is an umbrella group, is one of the supporters of color change, the group that has been highlighting alec ties to corporate america. host: an independent in mexico, go ahead. caller: good morning. i would like to elaborate on the relationship between alec and the trayvon martin case. this is an analysis that was provided by john nichols. two members of alec, the national rifle association and walmart. walmart is one of the major gun sellers in the united states. one thing that has happened by the stand your ground legislation is that it limits the liability of gun sellers. so now what we have is gun sellers with less liability and therefore they cannot be taken to court for selling guns to people. so here we have a situation in florida where we are dealing wi

i remember talking to george soros about this.told him about this proposal and he said that's the craziest thing i've ever heard in my life. who the heck -- where does this thinking come from? it was a tough moment. just yesterday, but i was talking to an outstanding republican citizen, a player on wall street, who is now bank as part of his living buying the securities. i told him this story and he said soros is not always right. the point is neater administration was shot to a set time. but he is buying the securities paying 40 cents on the dollar. if you buy a package of mortgages and each one is a $200,000 mortgage, you are paying less than $100,000 for it. if you are looking for a principal reduction, it's in your hands. investors invest, sometimes they make money, and sometimes a doubt. somehow, we are trying to do with this idea of forbearance, where you are setting aside some of the mortgage for a while and this is what is advocated by the fha, is take the mortgage unsatisfied and talk about kicking the can down the road,

is that possible that faber or soros is correct? >> two length wigendary guys. but staying the same is not an option. right now they're getting away with that. twice last week, the rate collapsed below or at the japanese two year yield. so i think the united states and germany have a short term positive advantage over these other countries while this is going on. but over the medium term, they can't stay the same. so the objective is somehow on get the government debt you can the sovereign debt, off of the banks balance sheets in exchange for cash and then you've at least separated the two issues. >> they used the ltro to buy sovereign ket. >> to a certain extent they do. and that's exactly why you continue to have the rolling forest fire over there. you have to separate the two issues. whether between bank capital and the sovereign situation. and right now, they're grotesquely intertwined. so i think you'll have these kind of rolling forest fires go through the market. and bond vinlg plan dayities are alive and well over there. >> you said that with notice pana

the international global socialist george soros says there will be very little difference between romney and obama. all of those conservatives out there that thinks romney is a conservative, they better look at his record. he is not a conservative. he is an establishment republican. host: a comment on twitter -- and from st. paul -- two different opinions there on mitt romney as we watched his campaign moves forward in the coming weeks and months. on c-span this evening, the supreme court historical society freedom forum has a special events celebrating the 30th anniversary of sandra day o'connor's appointment to the supreme court. that is alive today on c-span 2 starting at 6:30 eastern. the panel include sandra day o'connor as well as a provider ginsberg and sonya sotomayor, elena kagan. it will be moderated and a discussion of memories as well as reflections on saturday o'connor's appointment to. the supreme to coming up next, we will look at regulations regarding mortgage service companies and we will be right back with a reporter to talk with us about that. >> april 15, 1912, nearly

all the austerity that we're hearing, george soros wrote a good piece this morning talking about how there's just no carrot here. you insist on austerity, but you don't do anything puppet masters in germany to make it so that you get rewarded if you do the right thing. and i think italy is -- >> does this tell that you there is no decoupling? before we were all heartened by the earnings and alcoa's earnings were viewed as positive. and we can separate what is going on in europe mfrom what i going on here in the united states. do we throw it out the window at this will point? >> i don't want to do that. if alcoa reported again today, it would be a god send. i want to send out that china had great lungs last night. china is very important. we have growth there talking about iron prices back to where they were six months ago. that it's like copper, copper has been bad. so you try to figure out the different metals. our country is reporting a serious pre-announcements. they were almost all good. the old westinghouse era. a locomotive company. when sherwin williams says don't pre-judge us

when we come back, it's the controversial clothing company with backers like george soros. we'll sit down with the ceo of american apparel. four down days on the dow, and you never know. a lot more "squawk on the street" when we return. ng? get ahead of it! one phillips' colon health probiotic cap a day helps defend against digestive issues with three strains of good bacteria. hit me! [ female announcer ] live regular life. phillips'. to get more bearish, there are lots of factors that contribute. think spain, think the issues in europe, and today, well for the next couple of days, we're going to have supply in the u.s. we know there has been a lot of corporate supply, and has the journal pointed out, but today it's 32 billion, today threes, tomorrow tens, this will give us a very good glimpse into investor demand when there is little demand in europe. >> thank you and welcome home by the way. we're watching shares of apple, could be the second company to reach the $600 billion market cap. of course, it would be the second, as we mention, only six weeks after it hit the $50

the uk tried to maintain itself in exchange rate mechanism in the same sort of way and george soros smashed surprising for roubini who's usually fairly disciplined in the type of things that he says. but this would be massive capital duction for these companies. it's the reason you hold the whole thing together. >> there's an argument to be made it would be far worse for germany given its currency is artificially low. >> correct. >> did you see the unemployment rating in germany? >> no. >> 14-year low, first ever -- >> from memory, it's 16.2%. you have 24% in spain. wow! >> 50% for youth. >> under 25s. yeah. >>> we have breaking news, gm out with its march sales. let's get over to phil. good morning, phil. >> reporter: good morning, simon. i'm here in new york where the auto conference is taking place. let's go through the gm numbers as we're joined by don johnson, the vice president of sales analysis over at general motors. you had an increase of 11.8% last month, below what the street was expecting. the street was expecting an increase of just over 20%. characterize why you may have falle

more money than jpmorgan, much more money than george soros.this is a man who was allegedly managing almost $65 billion. so imagine that he was your money manager and he went to bat on december 10, 2008, thinking your retirement fund was a billion and a half, 2 million, 7 million, 10,000,002 see-through retirement and by nightfall on december 11, it was all gone. it's like what happened in tales. it is what happens in the made-up scandal. i knew early afternoon on december 11 that madoff had been recognized. it is a name i recognized. had this not happened he would've been a minor footnote in history and the formation of the modern and the counter markets. then i saw the headlines. how big are we talking about here? he said he was. anyhow not. this was such a profound trail of trust by him and then he was indeed per trade. i felt there is something universal about it. by any measure, it is the largest ponzi scheme in history. whether you count the $65 billion in paper wealth of people thought they had the day before his arrest for the $20 billi

more money than jpmorgan, much more money than george soros. this is a man who was allegedly managing almost $65 billion. so imagine that he was your money manager and he went to bat on december 10, 2008, thinking your retirement fund was a billion and a half, 2 million, 7 million, 10,000,002 see-through retirement and by nightfall on december 11, it was all gone. it's like what happened in tales. it is what happens in the made-up scandal. i knew early afternoon on december 11 that madoff had been recognized. it is a name i recognized. had this not happened he would've been a minor footnote in history and the formation of the modern and the counter markets. then i saw the headlines. how big are we talking about here? he said he was. anyhow not. this was such a profound trail of trust by him and then he was indeed per trade. i thought there was something universal about it. it. diana measures the largest ponzs scheme inur history. people thought they had the day before his arrest for the $20 billion in out-of-pocket cash all, the amount of money

more money than jpmorgan, much more money than george soros.his is a man who was allegedly managing almost $65 billion. so imagine that he was your money manager and he went to bat on december 10, 2008, thinking your retirement fund was a billion and a half, 2 million, 7 million, 10,000,002 see-through retirement and by nightfall on december 11, it was all gone. it's like what happened in tales. it is what happens in the made-up scandal. i knew early afternoon on december 11 that madoff had been recognized. it is a name i recognized. had this not happened he would've been a minor footnote in history and the formation of the modern and the counter markets. then i saw the headlines. how big are we talking about here? he said he was. anyhow not. this was such a profound trail of trust by him and then he was indeed per trade. i felt there is something universal about it. by any measure, it is the largest ponzi scheme in history. whether you count the $65 billion in paper wealth of people thought they had the day before his arrest for the $20 billio

george soros's and hillary clinton's head on.y want the elites to get ahead of us and we trust in the basic decency of millions of people, we believe that they can protect themselves and they can be armed with safety because they are in charge of their life, and because god has made them sovereign, not government. remember. i want to close, but think about in and put it in your hearts. our declaration of independence did not say we americans, it is a universal document, we hold these truths to be self-evident that all men are created equal. and that they are endowed by their creator. we don't need to go across the planet trying to oppose american values. we do need to go across the planet and advocate human values. their best captured in the declaration of independence, and we have an obligation to reach out and say to them, if you have the right to bear arms, recognize that you have that right, it comes from god. recognize your inherent rights. you are a citizen, not a subject. government is to be limited, not people. you, too,

more money than jpmorgan, much more money than george soros.s all gone. it's like what happened in tales. it is what happens in the made-up scandal. i knew early afternoon on december 11 that madoff had been recognized. it is a name i recognized. had this not happened he would've been a minor footnote in history and the formation of the modern and the counter markets. then i saw the headlines. how big are we talking about here? he said he was. anyhow not. this was such a profound trail of trust by him and then he was indeed per trade. i felt there is something universal about it. by any measure, it is the largest ponzi scheme in history. whether you count the $65 billion in paper wealth of people thought they had the day before his arrest for the $20 billion in out-of-pocket cash all, the amount of money people it given madoff in terms of dividends or withdraw, and is the largest in history. it is also the first global ponzi scheme. the victims included funds in korea, catholic school in st. croix, victims all over the world so it was historic