Page 7 - Bank Restructuring News Today

Its obscene. its appalling we cant put a roof over those peoples heads. you cannot foreclosure until you give 50% reduction. if the house is under water, $200,000. a $100,000 reduction in principle and let them refinance the whole thing at the best interest rate available, or 5% to succeedith a plan that youre suggesting, it would be so disruptive to the big banks it would render wells fargo and bank of america in need of global restructuring. >> yes, i do. and i would love them to be globally r...

Plalsed in terms of the ease of saying these things and the pandering aspect, but isnt that exactly what president obama did four years ago? in other words, isnt it the problem with america is that we have these people running for president, whether its barack obama saying hes going to deal with china or create jobs only to take the bank money and leave the trade agreements in place, only to do more deals so he can create a safe harbor for the banks, which nobody understands. and now romney is g...

We woke up this morning in our hotel to a cascade of negative super pack funded ads. ill just reverse the order starting with you, peter. how much of an asset to the obama campaign is the republican opposition and what could the republican opposition do to call the president out on the breach between the magical words of his speech and his speeches and the failure to address the bank restructuring trade agreements and the tax code? >> well, i think they need to get away from attacking each other...

Systems while i do that. that is the bank restructuring and write down the debt or do this or do whatever it is. its like saying i will fix your heard problem by opening your chest and figure out what i will do when i get in there. what about stimulating the way they want to. with other methods. what about that? >> both of these things could be valuable actions, but by virtue of doing the first thing that you want to do is reduce the debt in the housing market. you are forced into a restructurin...

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Geopolitically how are you balancing that? >> kazakhstan is situated with russia on the north and western europe and with 3 million barrels a day we can have exports everywhere and even this market is not big enough for us. we have our plans for even further expansion. >> reporter: you had 1% growth in 2009 and phenomenal growth of 8% coming out of the global economic crisis and after the bank restructuring. what is realistic going forward. >> according to our estimate plan, the growth for next ...

Good morning, from cnn london. im charles hudson. this is "world business today." our top stories on thursday, march 10th. violence in libya escalates so does the volatility on the markets. the recent spike in oil is feeding inflation fears. just ahead of the uk rate decision. and ranking the richest. where the new billionaires are coming from. and another piece of news to give you straightaway which is of huge relevance to european stock markets that is moodys, the rations industry has deci...