could be hours, days or weeks or who knows, do not change your strategy because of that nonsense in wasngton. gerri: a guy inhe stree told me they areozos in washington, thank you. >> yeah. thank you,. gerri: who has their hand on $17 trillion in debt, entities that hole the most of it -- hold the mt of it japan, as of 2012, they own $1.1 trillions in debt. number 4, savings bondholders, that include individuals, brokers, bank trusts. estates, more than a trillion. number 3 is china. they are often referred as number one holder but as of last june 1.2 trillion, fed is bigger, may. fed system bank 1.7 trillion of our debt, and than number is growing, and number one holder of our debt, social security trust fund, we owe this once untouchable fund $3 thrill con. no wonder the system is going bust. maybe we should be paying more attention to what we owe our nation's seniors. thats whathink when we come back, early admissions adne for colleges is coming up, but if you try to apply on-line, you maye out of luck, and next, the government shut down is not just impacting dc, your upcoming travel,l, p

. >> yes, it was a true relationship were wasngton and wall street and wall streetnd washington.ars in the latter part of the 20th century was a true partnership to work together. it haseen split apart no ey no longer our partners. they are adversaries. >> detroit used to be called the paris of the west. an amazing cit they engage their politician petitions and it mindset and tax themselves and ran businesses out d smart people out. who'd be on the cusp of that, something very similar to what we sawmaybe in detroit 50 or six years ago? >> are we close to that? i don't ink so. charles: you just talked about this. ght now the opponents are pulling i and your opponent, ll de blasio, is taing about the rich people and wall sreet. if new york has embraced that, what is the logical conclusion? >> it is that they don't understand and relationship with how the world really works and how revenues come in and how they are helpless keep the govement in place and the ci safety n that they fun we need to continue to diveify our economyand so the seeds that mike bloomberg as in the high-tech i