u.s. treasuries. this is mainly a result of their policy to try to re-align their exchange rate at a more acceptable level in the international market. so it's normal for chinese authorities to be trying to sell holdings of u.s. treasuries and buy other things. the u.s. is still a major currency in the international markets, not only because of the ratings themselves, but also because of the use of the u.s. dollar both in investment and commercial transactions. at the same time one of the reasons why the yields are as low as they are right now is because there is not as much dollar debt outstanding as there used to be. it's not clear where investors would put their money. >> that was christian carrillo at social securities in tokyo. >>> china says direct investments from the eu in the nine months through september of this year have fallen from the same period in 2010. china's ministry of commerce spokesperson told reporters on wednesday that investments from january through september amounted to about

u.s. treasuries. this is mainly a result of their policy to try to realign their exchange rate at a more acceptable level in the international market. so it's normal for chinese authorities to be opportunistically trying to sell holdings of u.s. treasuries and buy other things. the u.s. is still a major currency in international markets, not only because of the ratings themselves but also because of the uses of the u.s. dollar both in investment and commercial transactions. at the same time, one of the reasons why yields are as low as they are right now is that there is not as much dollar debt outstanding as there used to be. so it's not clear where else investors would put their money. >> that was christian carillo, director of asia pacific interest rate strategy at societe general securities in tokyo. >>> china's largest producer of rare earth metals has temporarily suspended production in a move it says will help balance supply and demand. bao tou steel rare-earth hi-tech announced it was halting s

u.s. treasury department is still the largest shareholder in ai g. with this seventy seven percent stake in the insurance giant and reportedly is likely to put off its second sale of shares of the company because of an unfavorable market condition now meanwhile despite the market volatility american companies are beating wall street's profit estimates for the eleventh straight quarter meanwhile hiring of workers is expected to a slowdown this month in the u.s. as a jobs crisis continues we see outrage over this kind of disparity and the occupy wall street protests on behalf of the ninety nine percent today we'll hear from who's become kind of an ambassador for the one percent that's got to capital account. as i mentioned we see the first casualty of the eurozone debt crisis with the bankruptcy of an f. global and as a result we are starting today show with a reality check because there is a good lesson in that old adage here don't believe everything you hear. sometimes english people don't agree with you all the time for the most global we tell you w

u.s. treasury, they can get that check right in. and i'm certain the u.s. would be able to help them with it. >> listen here to the democratic and the republican leaders of the senate, blaming each other. >> it seems as if the republicans don't really want to put americans back to work. they believe a weak economy means a weak president. >> nothing could be more ridiculous and absurd as to suggest that republicans are somehow rooting against our economy. >> with this partisan divide, until we go through another election cycle and the voters pick a different government, can those who are unemployed or underemployed expect that partisan bickering or will they see something that the president will sign and that you can support? >> something everyone could agree on is let's freeze regulations for a year and freeze federal spending. i have a bill that would freeze federal spending a couple of years. let's let our employers have some certainty. let them begin to know what to expect for the next couple of years. so just freeze it. stop the madness. and let's say a

u.s. treasury to lend it money. instead, people panic, and they buy u.s. t riskless thing. and it -- a fight to safety goes to treasuries. that tells you that at the federal level we're going to be able to finance ourselves probably for a while no matter how badly we behave. that it's going to take a while before we enter a vicious cycle. i mean, decade. but at the local level, all it takes is a single wall street analyst to go on "60 minutes." meredith whitney did this. for a few minutes to suggest there might be defaults. there is a stampede out of municipal bonds, and the rate of interest charged to municipalities goes through the roof. so the way the european sort of vicious cycle reprises itself in america is at the level of local finance. i think that's right. >> on that cheery note, michael lewis, thank you very much. boomerang and of course "money ball" in theater everywhere. we will be back. >>> don't tell me we're going to get out of here with just hocus-pocus -- give me the truth. [ female announcer ] introducing crest complete whitening plus dee

u.s. treasuries and then actively was trying to pass laws that would hurt the american economy but he passed laws where he was voting against raising the debt ceiling so that would cause his portfolio of a double short against america in the u.s. treasury market to rise that's the problem when everyone in congress is effectively a day trader they've made positions against their own country they're highly leveraged and insider trading for congressman by the way is legal a lot of people don't understand that but for a congressman you can trade on inside information there's no law against it so again you know what occupy wall street is out there it doesn't matter the banks continue to commit fraud against everybody and here's the next headline max wall street sees no exit from financial woes as the. anchor's fred yes the poor bankers are fretting betting against themselves isn't just enough they're manic depressive people one hedge fund manager is quoted here i don't think it's time to make money this is a time to rig for survival another finance guy says they're not going to make the kind of m

u.s. office of treasury. certain criteria that has to be met, and funds in these institutions have to be used for certain purposes and the community needs before they are classified as a community development financial institution and to be eligible for federal funding that help support these activities. finally, publicly-owned banks. this would be a bank that provides all the same services as a private bank, but is owned by a public entity. just in terms of the scale of all these things, 237 commercial banks in california with assets of $1.8 billion at present. 431, almost double the number of commercial banks that are credit unions, but they are much smaller in scale. 209 $9 million in assets. community development financial institutions. we could not find a centralized list of all of them. what we did fine from the u.s. office of treasury, 17 were awarded treasury funds since the mid-1990s when the federal act was set up to a provide funding. on publicly-owned banks, there is only one in the country, bank

u.s. treasury department. >> and americans were much smarter. they have this already in 2008 -- 2009. they did it successfully. they leveraged and the fact that only 30% of the bond is guaranteed and that weighs the quantities that can be guaranteed. those are much higher. that is the leverage affect. the efsf does not need to be enlarged. that means for the german taxpayer, the maximum risk lies at 211 billion and that means we don't have to pass new legislation. >> we will have more economic news in a minute. >> both do you and the u.s. have condemned a series of kurdish separatist attacks early wednesday that left 24 turkish soldiers dead. -- both the eu and the u.s. have condemned a series of kurdish separatist attacks. turkey has vowed to take great revenge for one of the deadliest attacks in decades. >> turkey sent more than 500 of the soldiers, along with heavy artillery, several kilometers into iraqi territory. their mission, to take out workers loyal to the pkk. they have been targeting locations in the mountains. turkey believes that the attackers are hiding there. the turki

u.s. treasury. it's that sim. [ laughter ] [cheers and applause] yeah! give it up for goldman sachs.les my anger and short-sells my rage is the latest supporters of these bottom 99-percenters. jim? >> the group has its first show of corporate support. ben and jerry's is backing the protests. >> ben and jerry's is posting a message to protesters on their website saying, we stand with you. >> we support this call to action and are honored to join you in this call to take back our nation and democracy. >> stephen: what? ben and jerry, how could you support these lefty protesters? what's next, supporting gay marriage just because your hubby's got a chubby for a chunky monkey? [ laughter ] this endorsement implies that i support this protest, because of my ben & jerry's flavor ameri-cone dream. [cheers and applause] no way! my flavor is 100% pro-business. eating it is the perfect way to increase your bottom line. as well as your belly line and the area-formerly-known-as-chin line. [ laughter ] -1- how dare you lump me in with the rest of your anti-corporate socialist flavors like willie n

u.s. treasury secretary tim geithern says rich and emerging nations support europe as it deals with a massive debt crisis. he says that europe has the financial capability to handle this crisis. >> the imf has an arsenal of financial resources and we would support for the use of existing resources to supplement a comprehensive and well designed european strategy, alongside a more substantial commitment of european resources. finance ministers have faced pressure to find a solution to the crisis crippling greece. newly release campaign finance reports show that millions of dollars raised by some republican presidential candidates. mitt romney and rick perry have raised more than $30 million combined. herman cain has more than $1 million left in the bank. $700,000.urum raised he spent $750,000. educationt's report, marylanders teacher of the year. joshua parker was given the award by the interim the state superintendent and the governor anthony brown. he will compete for the national teacher of the year award in april. congratulations. andrew solanzo says she will plan to close under used to sc

u.s. treasury secretary said that idea was rejected. the german minister of finance says he does not like the idea. he thinks the europeans can manage themselves. he says they will present a comprehensive package next weekend. he says this package will strengthen the confidence in the euro zone. he says one of the crucial point would also be a plan on how to support the banks. many people are afraid that the european debt crisis might turn into a crisis in the banking sector. they are trying to strengthen capital in the banks. if the banks do not manage themselves, there might be state aid for banks. >> standard and poor's have downgraded -- has downgraded its rating for a major european bank. despite the downgrade, the bank remains the highest rated of the country's financial institutions. the growing debt crisis is causing a state of national emergency or portugal. that is according to the prime minister, who plans to make even deeper budget cuts next year to get the country's troubled finances in order. it includes tax increases and

u.s. treasury rate, at a bank right? >> i will let the cfo answer that question. >> i am the general manager. the first concept is the $15 million is part of the $19 million. $15 million would go into an interest-bearing account. we have not decided where and what kind of return. commissioner torres: all right, what are the benchmarks? i do not recall having seen the benchmarks for what constitutes financially successful. >> the financial success of the program really is the concept that we are meeting the expectations of the pro forma and that the balance that the program is not going negative in terms of costs being higher than expected, more than, i believe, about $1.5 million. we have some money put in there to cover the unexpected. we're not thinking that we can get everything 100% right. we might have our revenue targets be off by a little bit. so we have $2 million, built in there for that. but if it goes beyond that, it might be the time that we realized that, for whatever reason, the customers are not participat

u.s. treasury, though, has sanctioned five iranians, including the man who has led a powerful force for more than a decade. >> this kind of action which violates international norms must be ended. >> reporter: today president obama visited the team that worked on foiling the alleged plot in the situation room to thank them for their work. and he also called the saudi ambassador to express solidarity. u.s. officials say top iranian officials either knew about the plot or they have a military force running amok. either way, they have to explain this to the world. brian? >> andrea, i know it's guesswork, is this the kind of thing where we're likely to see saudi retaliation? >> i don't think you'll see direct retaliation. i think that they're going to take their time. but this certainly sets the stage for what could be saudi retaliation, israeli retaliation. this has a lot of people on edge tonight. >> all right. andrea mitchell with the story out of washington tonight for us. andrea, thanks. >>> a man accused of trying to blow up a passenger plane headed to the u.s. on christmas day two years a

u.s. treasury bonds and the dollar, itself. investors moving out of relatively safer assets such as bonds into relatively riskier assets. let's have a look at the opening levels here for the nikkei and the topix. 9,080. back above the 9,000 level. let's see if we can close there today up 154 points the topix up 14 points. nikkei gained yesterday around 2% following the news out of europe which reached the markets here actually before the stocks closed and we did see strong gains in the banking sector and some key blue chip stocks which had seen selling in earlier sessions. the major moves were really quite frankly in the euro. let's have a look at the currency levels again this morning as the stocks are kicking off here. you can see the dollar/yen stubbornly below the 76 level, 75.94 to 97. euro/yen you can see the weakness in the yen now at 107.71-76. as you said with the dollar/yen we did hit a fresh record high there hitting 75.67 so that yen remains strong against the dollar. japanese authorities are on the lookout for fx l

u.s. treasury has imposed sanctions on four senior members of the revolutionary guard. washington will use this case to further isolate tehran diplomatically. >> we will be consulting with our friends and partners around the world about how we can send a very strong message that this kind of action, which violates international norms, must be ended. >> the iranian authorities have dismissed the allegations as a fabrication, war mongering propaganda by america. a broken relationship is suddenly even more challenged. steve kingston, bbc news, washington. >> now to a name which reverberates through israel. gilad shalit, the young soldier kidnapped by hamas five years ago and whose release has been a battle of political wills ever since. well, now, the israeli prime minister, netanyahu, says his freedom has been secured. he'll be back with his family within days. in return, more than 1,000 palestinian prisoners will be freed over the course of the next few weeks. that's the price exacted by hamas. rupert winfield hayes reports from jerusalem. >> last night in jerusalem, the

u.s. treasury debt and the japanese are financing wars against chinese national interest in afghanistan and iraq and now in libya so it's a it's a very diabolical situation that for street and the treasury of manufactured if they lose their pay lose a huge one of the to major pillars of american cause more power when you mentioned challenges the u.s. will dominance you said it may be china only together with other countries and together with russia when you mentioned i mean you mentioned that china is very. it has the pendent. natural gas from russia so do you mean that in this new construction this new situation where russia will still be. a raw material producer and provide it either for europe for china for whoever rules the world well i think for the near term there's nothing wrong with that and that's a very constructive thing that russia can use and the putin diplomacy in the past decade has used that quite skillfully to build economic bridges to germany and other european countries and it was sensible for russia i think russia has something far greater to export once once its infrast

u.s. treasury secretary timothy geithner. the russian market has seen mergers and acquisitions grow close to the highest levels in a decade research company alone chicks as the total volume reached sixty billion dollars in the first nine months of the year only two thousand and seven so more details being to analysts say the majority were signed in the resource industries among them because a gold seventy percent of all those gold for the six billion dollars and francisco told to a twelve percent stake in russian company novacek. the world's second largest maker of consumer goods unilever is plenty to buy a stake in russia medics make a clean up the wall street journal says the deal is worth eight hundred fifty million dollars with an official announcement to be made on friday the move a spot of you know of a strategy to conquer cost of growing march in markets and in the house a thirty percent in russia scheme can market. that's all we have time for know you are up to date for more stories and analysis log on to our website

u.s. treasury secretary timothy geithner. and that's all we have time for now for story is live on tall website archie dot com slash business. back you're watching r t here's a look at the top stories activists claim soldiers in the north are now turning against the syrian regime something the government has not confirmed the latest clashes across the country have reportedly left at least nineteen dead and that is putting more sanctions in place. occupied together anti-corporate protest movements that began in new york goes anaconda now demonstrations are being planned in canada the u.k. asia and other cities across the globe. spain's credit takes a hit from international rating agencies with warnings of a further sly that's as its neighbor portugal announces toughest area measures the people accusing the government of working for the rich and powerful.

u.s. treasury did over the last couple of presidents rather rudely goldman sachs that moving over to. the group and then you had recall the treasury secretary on the voice that the prize to hold. where did he come. see. us we had to bail out goldman sachs making thirteen billion dollars with a i.g. who is the chief of staff for president. oh that's bill daley was indeed a vice chairman of j.p. morgan chase it's the same club it's just a different version. this is r.c. and on the way later this hour of a little history lesson it's winning twenty eleven a year remember school holocaust victims it's actually time to see survivors of the mass genocide i'll tell you why. the british m.p. his passion for such around this piling sex scandal how cost him his government job that he tells our africa that. america's diplomats pulled no punches during her and outs trip to libya with hillary clinton declaring washington hopes to leader colonel example captured or killed this comes as the battle rages on between libya's troops and cut out a loyalist stronghold of sat. recently returned from the bes