Page 49 - Debt Restructuring News Today

Balance sheet. its the same if you put swaps on exchanges. whether its restructuring at fannie or the first lien in the bond market or my swaps market, the very reason none of these ideas ever happen is because if you were to do them, it would force a complete restructuring of wells fargo and bank of america because their entire business is based on the value of the second equity loans, all of which in a debt restructuring, are worthless. that seems to be the political issue. >> i wanted to ask ...

Our country. additionally, we must end the conflict of interest between the rating agencies. banks should have to earn that rating and shouldnt be for sale. helping more reversal in the tax code to encourage true long-term investments and punish credit speculation and extraction. and finally and most importantly, a prerequisite for all of this is global debt restructuring and debt cancellation. as we detail in greedy bastards, we must push for a new plan. an encouraging sign for the first time, ...

begin t. group is claiming responsibility form a series of attacks last weekend in the north that killed more than 200 people. the u.s. republican party presidential kanld dats faced off in the final debate in the u.s. state of florida. newt gingrich quickly fired the shot at miss romney over his immigration policies. both candidates have relentlessly attacked each over in the media in the past few days. a frightening day for australias prime minister left unanswered questions abou...

syria. the captain of that wrecked cruise ship in italy says his employer is also responsible for the disaster. the reuters news agencies quotes italian media as saying the captain said costa cruises instructed him to take the ship close to the island in a maneuver meant to attract publicity. the iranian lawmakers says the country will stop oil shipments through the straits of hormuz. it will ban oil imports beginning in july. the e.u. and the u.s. are putting crippling pressure on the...

Debt. if can i print money out of thin air, i can delete a few zeros on the way out. >> we need serious debt restructuring, in u.s. and europe. in the u.s., we have mortgage debt that needs to be restructured. but we cant do those because we have these zombie banks that are so week that if we did the restructuring, they would fall apart. they would collapse. >> so yalman, if i take the premise that we have zombie banks. im sure we have lots of them, not as many as we had two years ago. we have t...

The way out. >> we need serious debt restructuring, in u.s. and europe. in the u.s., we have mortgage debt that needs to be restructured. but we cant do those because we have these zombie banks that are so week that if we did the restructuring, they would fall apart. they would collapse. >> so yalman, if i take the premise that we have zombie banks. im sure we have lots of them, not as many as we had two years ago. we have them in europe -- >> you cant even tell sometimes. >> you cant tell. but ...

Out loud what will generate growth. on the democratic side, yes, there are people in the white house, people in the obama candidacy who understand, and i -- i always go back to joe stiglitz and paul krugman and go back to robert reich, the three leading voices who write and articulate the sorts of investment. give you an examle. the treasury today went into the bond market and borrowed at virtually zero. if you can get money at zero, with the reserve currency, and you can get a return on that in...

gunman, and new emergency alert system put to the test. we have a deal. leaders of the eu crisis say they have a plan to save a continent. so how are stocks reacting and why isnt britain onboard. and iran shows off what it claims is a top u.s. secret drone, but is it the drone or dummy? some say iran may be pulling a bait and switch on this "american morning." -- captions by vitac -- www.vitac.com and good morning to you. happy, happy friday. it is december 9th. >> carols favorit...

They go through these austerity measures. >> and i would even disagree with you in that because the debt is so large, i dont know that theres any amount of taxation or austerity that will resolve, it much as it was going into world war ii, which is why i continue to come back to my call, and im not the only one, the ceo of dow chemical, i can start listing people, who are calling for a third marshall plan. the difficulty that tracy keeps referring to, however, is the fact that one -- is that eac...

>> i think, first of all, we can start by not subsidizing the for-profit colleges, which is what our government subsidizes right now. and to me, that doesnt quite make sense when we have these great four-year universities. im not necessarily against -- >> thats a tiny slice -- >> its a tiny slice, but if you look at the data on subsidies for for-profit colleges -- the university of phoenix is basically a tax scam, where they get the subsidy, they give the degree, there is no job -- >> but i wond...