126400 News Today

Families is shrinking. no kidding, right isnt disturbing new report showing the recession wiped out nearly 20 years of wealth. according to the report, median net worth declined from $126,400 in 2007 to $77,300 in 2010. what is behind the plunge? and should we brace ourselves for more? liz mcdonald is here. why the plunge down? i mean, i recognize we have the housing bubble and nasdaq taking such a terrible dip. but tell me, what is it? >> three-quarters is housing. you know, this report feels r...

so absurd. people are having hard times in this country. the president needs to go out and talk to people. not just do fundraisers. go out and talk to people in the country and find out whats happening. >> mitt romney seems to be placing the blame on president obama. theres no doubt that that 40% drop in median net worth in three years is terrible. but whats lost in the comments is the fact the three years were talking about, the three years the federal reserve study looked at are from...

126,400 bucks in 2010 it is down to 77,300. look at the family income as well. 49 thousand down to 45 and change there. this is the opposite of what former fed chairman used to call the wealth effect when america felt wealthier in late 90s your 401 k was going up and home values are going up. home values is where much of the wealth is and they have plummeted during the financial crisis. that is the main culprit for the decline. >> what about stocks? >> it would certainly as individual investors ...

good political battle. they are flying as the fact checkers work overtime. and a top united nations official now says syria is in a full-scale civil war, even as a u.n. report accuses the damascus regime of torturing children and using them as human shields. im wolf blitzer. youre in "the situation room." you dont often see a cabinet member subjected to such a harsh grilling. the attorney general eric holder on the hot seat facing republicans furious over a litany of complaints. he h...

crackdown on dissent. we begin with todays dramatic, intensely partisan confrontations between senate republicans and attorney general of the united states. a feisty appearance before the senate judiciary committee, attorney jenner i can holder refused demands that he apoint special counsel to investigate recent leaks of sensitive national security information. >> two people i pointed to look into matters are first rate prosecutors. >> special counsel, somebody new other than the two...

Candidate and have made it harder for middle class candidates to raise money. we are drifting to a society where millionaires buy office, and its very dangerous. >> well, he may think its very dangerous, but, jose, you look at the sea of candidates and theyre millionaires. how do you appeal to real people out there? >> yeah, and maybe that was before newt gingrich got that $5 million check for one of the -- >> for his pack, yeah, superpack. >> maybe that was before that. but, you know, its inter...

Could very well be the at least transparent president in a generation, less transparent than the two previous republican presidential nominees, george w. bush and john mccain, who did release their bundlers, but the romney campaign believes there is no penalty with voters and they dont care if the media criticizes them, because the conservative media outlets wont criticize them for this. finally, if you want to understand why this election is being driven by economic anxiety, this is the bigge...