joining us is suze orman from the suze orman show on cnbc.pend time with us today. >> thanks, tyler. >> a minute 15, buck and a half, whatever you want. go for it. i know this is an area of interest and concern to you, a trillion dollars worth in outstanding loans at high interest rates for student loans. >> and this is what is sad. kids haven't been educated on what it means to take out student loans. they take more than they can afford to pay back. student loans are not dischargeable in bankruptcy. what is really getting bad is because after the credit crunch you couldn't get a private student loan. let's say you maxed out on federal loans and you needed more money, parent have been co-signing -- >> private. >> private student loans. biggest mistake, bar none. >> why? >> because there is no cap on interest rates. they have go to whatever they want to go. again, not dischargeable in bankruptcy. if students die be the parents still owe the money. >> what is the alternative for someone like that who has a big due igs bill at whatever the schoo

(suze) you got it! right now i need all of you to go to the phone, make that call of support, we want to hear from you we want to help insure your future, right now, joan has a few other things she wants to share with us. thank-you, well today suze's asking you to stand in your truth, to look within yourself and be honest about your relationships with those you love and your relationship with your money. and i'd like to encourage you to take this moment to stand in your truth and your relationship with pbs, that is really what you have with this station. it is a relationship. and when you turn to public television, you expect quality, variety integrity, and you trust us to be unbiased and truthful. in fact, year after year, the roper public opinion poll has shown that americans consider pbs to be their most trusted source for news and public affairs information. and parents trust us to provide their children with a safe haven where they can learn and be respected for being just the way they are. we take

suze orman quick to point out to us today. the banks there, pushed to do something else. finally allowing homeowners to avoid foreclosure -- with what's called a short sale. and here's how it works. >> you owe $200,000, but your house is only worth $150,000. >> reporter: only worth 150,000 and the banks finally letting you sell for that. >> reporter: do you still owe $50 grand though? >> you're not still left with it, they wipe it off the board. >> reporter: the change comes too late for stephanie walker. she and her husband, bob, right before the collapse, they sold their property and used the profits to buy bigger. what so many did. then, the crash. they lost work and lost their house. they moved back home with her parents in chicago, documenting it all on her blog. love in the time of foreclosure. >> hi, david. welcome to our home. >> reporter: but tonight, they're back on solid ground. and back in california. >> this is my favorite room in the house. >> this time, renting. but she admits, the low mortgage rates are so tempting. >> that is where you get yourself into t

you. >> jon: in many ways they have a sim beotic relationship with the corporations they cover. >> suzerman is selling products. she has her own preapproved debit card and books and tapes. >> jon: a personal thing like that cnbc is the one that strikes me. here is this station os stensibly financial journalists and if they mention a stock it goes up. >> whether they mention it in a positive or negative way. it's like children if you give them negative attention it still works. >> jon: it does? so long praise, children. [ laughter ] right, exactly. and but you write about an interesting effect that happens weeks later. >> it goes back down. jim kramer somebody did a study of his ticks. best thing you could do if you wanted to make money would be to immediately short or bet against anything he mentioned as a buy. because hear what he is saying and the price goes up and a couple weeks later it comes back down. >> jon: i'm not familiar with his work but some of the other people. i think what is so difficult here is that there is this idea now that work is not enough. >> right. well, it isn'

but first, what do the kardashians, justin bieber and suze orman have in common? find out after the break. what's with this debit card thing? we've got justin bieber, russel simmons, the kardashians, suze orman - why are all of these celebrities pushing their own debit cards? doug bobenhouse is president and co- founder of synchology, which creates a type of branded pre- paid debit card. so, are these celebs getting into the banking business to make money here? > > i think they are mostly getting into it to be closer to their fans. they want to issue a card that allows the celebrity's face to appear on the card. when the person uses the card, they think of the celebrity. > why now? > > there are a lot of changes that have been happening in the banking world, and i think there is a younger audience that is maybe not appropriate for a regular bank account. there are overdraft fees and things like that that happen with a checking account if they spend too much money. you can't do that with a prepaid card. > and how cool is it to whip out that bieber card? but you are

we're going to talk about the financial impact with lincoln chaimee, and suze orman.re. >>> the travel industry expects 2013 to be a big year for the boomer travel market, with many retiring and more time to travel, the over-50 set are heading the road. where are they heading? one site found the number one destine was's mexico. also hawaii and caribbean were places where boomers are kicking back and enjoying life. snowe today, jason is here to volunteer to help those in need. when a twinge of back pain surprises him. morning starts in high spirits, but there's a growing pain in his lower back. as lines grow longer, his pain continues to linger. but after a long day of helping others, he gets some helpful advice. just two aleve have the strength to keep back pain away all day. today, jason chose aleve. just two pills for all day pain relief. try aleve d for strong, all day long sinus and headache relief. because every flake is double-toasted... splashed with sweet honey... and covered in rich double-roasted peanuts. mmm. [ hero ] yummy. [ male announcer ] kellogg's cru

still several cool suze moments suddenly seemed a whole lot brighter although admittedly it's had help from the powers that be to try to add a little sparkle to the dunk city center. i've only been working here for about this we've had four different designs you could order a polar night and i think are both some fish and waves because everyone loved it but what's more important these are made with fairly decent so they last for a long time they save energy and are less expensive so we also save money. maybe it was the good food maybe it was the lights in the gigantic christmas tree but my depression of the last few days that i'm going to feel strange euphoria. then my new friends led team it had promised me had another person's way of making me feel better. almost everyone in russia loves a bind yeah buts much like the climate the men of movement make it a little extreme. here we go. let's make believe a little hotter. right now and this is where i think all options are completely bloody insane. turn around turn around quickly and run back to the money i'm here. for you. the. dog. com

still several cool suze moments suddenly seemed a whole lot brighter although admittedly it's had help from the powers that be to try to add a little sparkle to the docks at the center. of a fishing i've only been working here for above but we've had four different designs you could order a polar night and i think or both some fish and waves because everyone loved it but what's more important these are made with l e d's so they last for a long time they save energy and are less expensive so we also save money. maybe it was the good food maybe it was the lights in the gigantic christmas tree but my depression of the last few days i'm going to feel strange euphoria. then my new friends led team in the promise me had another way of making me feel better. almost everyone in russia loves a bind yeah buts much like the climate the men of movement make it a little extreme. here we go. let's make believe a little hotter. right now and this is what i think all options are completely bloody insane. turn around turn around quickly and run back to the money. plz plz . plus. plus. live. live live.

so can you just look at all the people that come on "the suze orman show," and look at those that have hit rock bottom. look at those where you can identify with them and go, that's me. hey, that's just like what i'm doing, and don't let it get so bad that you're all the way down, and you have to make it all the way back up. the truth of the matter is, there's always something you can do to change your situation while you still have your health, you have years ahead of you, so all i'm asking you to do is, can you just do it now? don't wait. don't wait till it's too late. do you hear me? now you know. but until next week, there's really only thing i want you to remember when it comes to your money, and it is this, people first, then money, then things, now you stay safe. bye-bye. >> this is "options action." tonight finding money in nemo. >> is this some kind of practical joke, it's not funny! >> no, not that nemo. this nemo. it has carter and ennis looking at a trade in home depot that can quadruple your money in three months. >>> is procter & gamble? despite the fact they're the secon

much shorter but it does to go up against the big institutions but the problem with the with suze is i don't think i'm not blaming this mcdermott's i mean but the fact is she and her team just own sufficiently qualified to be able to understand how you go up against a major mainstream organization ok it was behaving like brits behaving like organized criminals if you are behaving like who are going to criminals in this thing you have to bring in men and women who actually know how to do with dangerous organized criminals and tracy would seem we don't have those skills right well a couple of points first of all the fact that she's really not qualified to do this job but yes a at a say is not by accident we find whether it's in the u.k. or the u.s. the regulatory bodies are purposely downsized or the funding is pulled from them because the banks who are really overseeing these regulatory agencies don't want robust regulators looking at them so that this is not it's not an x. and number two you know she's basically a civil servant who at the end of the day is not really interested in. a

much shorter but it does to go up against the big institutions but the problem with the with suze is i don't think i'm not blaming this mcdermott's i mean but the fact is she and her team just own sufficiently qualified to be able to understand how you go up against a major mainstream organization ok it was behaving like brits behaving like organized criminals if you they're behaving or who are going to criminals in this thing you have to bring in men and women who actually know how to do with dangerous organized criminals untraceable. they don't have those skills right well a couple of points first of all the fact that she's really not qualified to do this job at the essay at say is not by accident we find whether it's in the u.k. or the u.s. the regulatory bodies are purposely downsized or the funding is pulled from them because the banks who are really overseeing these regulatory agencies don't want robust regulators looking at them so that this is not it's not an x. and number two you know she's basically a civil servant who at the end of the day is not really interested in. unbi

cyclical that does the opposite of what the official business cycle does why well if you're a normal suze guy business guy and i offer you thousands first frank sort of thousand with which is thousand swiss francs i can go to two occasions in cancun i can buy stuff in china right with three i have to buy something for sixty eight thousand business interests so i prefer the swiss francs right now that's assuming a boom period. i'm fully busy and come up and say i offer you thousand swiss francs two thousand me to put purchase something i see come back a month later you know i'm too busy on the other hand if this is in a recession and i have fifty percent of face paper past the i'm going to accept it you know that's why that's why my desire is so what happens is when there is a recession automatically the volume of the number of participants increases which is what the comp of the current account the cyclical is with the norm economy and that is the secret for the swiss economy and why would it be that when you take a bunch of germans and a bunch of french and sprinkling of italians and put

guardian quote when you can't afford to buy anything to eat or ask where it comes from it's not fair suze and salami let me have to say to your mystery meat companions and lady. yeah i'm suzanne salami nothing tastes better on a glenn and lady burger than a little insider trading catcher stacey. max kaiser before we go further into suzanne salami that's her real name when talking about the mystery meat given to her at these food banks let's talk about the slaughter of gwen and lady a warning ignored the not to over two thousand a.m.a. hitchcock said farewell to her beloved horses gwen and lady she had agreed to lend them to a woman who could offer them a limited pastor for a while hitchcock was sent pictures of her two horses grazing contentedly she now knows that within two weeks they had been sent to a slaughter house and exported to europe for food ok so the woman was getting photos of the horses that she sent off to some kind of horsey la la land or retirement horsey land and they were not turn into glue like during victorian times but they were turned into findus lasagna and other de

the same story doesn't make it news new softball interviews no coffee suze some tough questions. let me let me i want to we're going to let me ask you a point. here on this morning because we're having a debate we have our knives out. but the truth is this time it was just about staying there to get here it is the way we're being i don't want you to talk about theory when we. hear is mitt romney trying to figure out the name of that thing that we americans. i'm sorry i'm just a guy who cares enough about what you saw. you know what kind of terror cells you. want to see the future isn't the only liberal democrats to. secure the support of the. you know the super to distract us from what you and i should care about because they're profit driven industry that sells a sensationalistic garbage he calls it breaking news i'm happy martin and we're going to break the set. well he turned out to the big banks and whether or not they are still too big to fail senator massachusetts senator elizabeth warren yesterday federal reserve chairman ben bernanke. excuse me though mr chairman you did

captioned by media access group atwgbh access.wgbh.org suze local man killed during gun fire and fiery crash on the vegas strip. what we learn from the family tonight. >> collapse of construction crane at the new bay bridge. how it happened with no one getting hurt. >>> only on 7 news tonight. string of pharmacy hold ups. drugs they are after and what it could mean when you go to fill a prescription. >>> also. i follow-up on the white house exclusive with president obama. how automatic spending cuts could derail the is.n f >> good evening i'm dan. breaking news in fremont. 2 people are seriously hurt after several vehicles klaided tonight happening on the parkway off arden wood boulevard not far from interstate 8 80. somebody drove the wrong way and crashed into 2 other vehicle. 2 people suffered other mainly injury and taken to the hospital. police tell that you say motorist should avoid the area at least until midnight. it is a mess. we have a camera crew on the way and we bring you update as soon as information comes in to us. >> large crane collapses during work on the new he were

captioned by media access group at wgbh access.wgbh.org suze. >> tonight at 9. quick moving storm. piles of snow on the bay area highest hilltop. will there be moreover night. >> spencer leif doppler 7 hd. rain snow moving our way. freezing cold moving in. i'll have the forecast. >> i'm dan. in washington top president obama is putting pressure on congressional republican to come up with a budget deal before automatic spending cuts kick in. >> i'm in sacramento. driving while under the influence of drugs becoming as much of a problem as drunk driving in california. new effort to [ wind howling ] [ female announcer ] it balances you... [ water crashing ] ...it fills you with energy... and it gives you what you are looking for to live a more natural life. in a convenient two bar pack. this is nature valley... delicious granola bars made with the best ingredients in nate. nature valley. nature at its most delicious. you. >> unusual day here in the bay area. snowplow put to work along sky line boulevard in the santa cruz mountains. lots of rain around the bay today contributed to car a

suze intruder use a hatchett home invasion in the bay area. >> plus classroom not what you think. student sets up a sting think. student sets up a sting to catch a teacher. stay with >> live breaking news. >> good evening i'm dan ashley.. breaking news is over our heads tonight. tu see it? there are reports tonight of possible meteor in the bay are area. we get phone calls and tweet lighting up the internet tonight. all saying they saw something blue streak across the bay area sky. most say whatever it was didn't last long. few example aaron said she saw it market and fifth in san francisco. intense colorful. angela says she was on 280 when she saw a bright falling star. and kept floating in fairfield says there was a trail of blue white light for about 10 maybe 20 seconds afterwards. if you snapped a picture of this possible meet why are whatever it is we would certainly love to see it and share witness our viewers. send it to you report at kg o dash tv.com. >> meanwhile all of this comes as more than 1,000 people recover from injuries after a massive meteor exploded and crashed

how much you have going out and this is the time to move into a mode that personal finance guru suzean calls live below your means but within your needs. and here's why. residents that are prepared for layoffs and furloughs because of the automatic cuts planned to trigger on march 1st. if congress does not stop it, and it very well could but if it does not, sequestration will slash $85 billion from federal budgets through september 30th. federal agencies have to cut up to 10% of their budget. and as an example the defense department plans to furlough employees starting in april. employees would have to stay home without pay one day each week which is essentially a 20% pay cut. private contractors are also expected to furlough or cut jobs or pay. and we've already seen a pullback in our local economy. over the past 20 months the washington area has lost 8900 federal positions. and the region no longer one of the top economies in the country. now ranking in the middle of the pack for cities nationwide. knowing all this, here's what i want you to do this weekend. check your rainy day fu

but this is a time you need to move into a mode that personal financial guru suze orman calls live below your means but within your needs and here's why. because as the automatic federal spending cuts plan to trigger on march 1st residents better prepare for furloughs and layoffs and you need to know what you're going to do with your money if this happens to you. if congress doesn't stop it. sequestration will slash $85 billion from federal budgets through april 30th. that's part of the cuts expected over the next decade. federal agencies have to cut up to 10% from their budgets and that's why the defense department plans to four low starting in april -- furlough starting in april. employees would stay home without pay one day each week essentially a 20% pay cut. other agencies including the faa and national parks are talking about furloughs to tens of thousands. and it's no surprise private companies in the washington area that serve the government are also expected to furlough or cut jobs or pay. and we've already seen a pullback in our local economy. this is not a new thing over the p

suze orman was one of the panelists.ringer who is an actor in upcoming martin scorsese film, there he is third from the right there holding up the scores there. this new scorsese film is called the wolf of wall street. and i want to play for you the winning video which won a $2500 award and a tour of -- there's the winners right there. from laguardia community college here in the tristate area. $2500 check. here is the winning video. >> thinking twice before you swipe is really good advice because sometimes paying for your mistakes takes sacrifice. i had to put aside stuff i like and return my new car to the dealership. i had to act responsibly and smart so i came up with a plan. i only bought the necessary stuff. i never bought anything i couldn't afford. i set up a payment plan. and it took me eight years to pay off my debt. to repair my credit. but you know it's worth it at the end because new doors opened up and new opportunities come along. >> what's nice about that, by the way, is it follows this behaviorial econom

next on "say anything," the queen of personal finance suze orman is here. if she deenjoys denying callers. >> wants to go to london. >> joy: you're like the little grinch, aren't you? >> i get pleasure out of it. i really have to approve you? i so want to deny you. >> joy: alec baldwin goes ballistic yet again. president obama spends a few hours on the links with tiger woods. more "viewpoint" with john fuglesang right after this. break the ice with breath-freshening cooling crystals. ice breakers. >> john: a youtube video of a senator has gone viral. instead, it is a video of senator elizabeth warren, still sounds nice to say that, doing what she was sent to washington to do. at her first hearing as a member of the senate banking committee last week, elizabeth warren, our new senator from massachusetts and according to rolling stone's matt taibbi and me, the future president of the united states did not disappoint. >> the question i really want to ask is about how tough you are. about how much leverage you really have in the settlements and what i would lik

suze suzydeyoung is with us.he sandy hook promise was supposed to be a discussion about what to do, but also you guys have an idea about how to let people in newtown, even on valentine's day know that the rest of us are thinking about them. >> exactly, robin, yes. newtown received such an outpouring of support after the shootings. cards and letters by the thousands. our town hall is filled with poxes and boxes of them. this was meaningful not just for here in newtown and the families impacted, but the people who sent them. to this is an opportunity to continue feeling like they're doing something and it's called 1 million hearts for newtown. if you go on the sandy hook promise website, you can choose from a variety of valentine's and share them via facebook, via twitter, a multitude of ways and it's a way to keep the conversation going, to extend that support. you can also take the promise, the sandy hook promise, which is on the website. and it's a way to just continue that support. >> and you know what? you cer

suze orman is our special guest. she will be with us for most of the entire hour. talk housing, student debt, the rising price of gasoline and your retirement and whether higher gas prices will start to hit the stock market. she will give us her views of that. and a new edition of the power pitch, the top venture capitalists in the world on one entrepreneur's pitch to change the world. are you in or out? that's coming up the next hour on "power lunch." scott, back to you. >> see you at the top of the hour. >>> meantime, let's finish the conversation we were having with rick rule. give me some trades here if you're interested in the metals. >> the momentum right now in gold, especially, is to the down side and really looking at the gold. they're hitting new lows on almost a daily basis. don't fight that. they're going lower. if you're short, stay short. if you're not, you can look for a short because these should trend lower. >> all right. qualcomm is being added to the buy list today. joining us on the fast line, the analyst behind the call. welcome back to "halfti

a lot of people revere dave ramsey or suze orman. say that it is hurting as more than helping us? >> guest: i say for the past several years a lot of us feel like we live through the equivalent of hurricane sandy here is an umbrella, here is sandbags sandbags, and he will be fine and even better i still use the umbrella and the sandbag. the. >> host: could you be specific? >> guest: suze orman says she does not go in the stock market herself has a money navigator for a time with the mutual-fund advisor and getting amazing results. it turned out because he had a typographical error and misstated return numbers of the index. it is a lot easier to get great results when you do that. she was doing that. dave ramsey has told people to this day they could expect 12% average annual returns of the market i guess they could in 2012 but that is not a number people have never gotten. the unearthing he has done that i find amazing the hurtful, he urges people not to declare bankruptcy. this is an important point*. bankruptcy exist for a reason.