Page 53 - Debt Restructuring News Today

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Are demanding that taxpayer-funded fannie and freddie, our money at the government, do more to relieve struggling homeowners. they say they want some of the mortgage debt that we own of our own money that the government canceled. they say well help stabilize the housing market and help at-risk homeowners. remember, fannie and freddie own 60% of our mortgages. in turn, it means you and i and the taxpayers own our own debt, if that makes any sense. so the good news is were actually negotiating a d...

Made in washington, relative to the obligations of fund-raising. and it is difficult to look at this, which is, really, this is an argument over scraps. we need 30 million jobs. >> absolutely. >> we need global debt restructuring. we need massive trade reform. we need massive review of the costs in our health care system. we are not even talking about those things. these are pieces of popcorn that fell out of the bucket that were arguing about. and if we cant resolve who gets to pick up a piece ...

With a lot of those issues that i just laid out than i am and probably you are. and yet he still shows up to work every day. senator tom coburn, we are dealing with colossal problems. we were talking to the ceo of dow chemical, andrew liverus a couple of days ago about the need for a meaningful global debt restructuring, not piecemeal, and a path to explosive growth. why are we not seeing more provocative or diverse thought from the super committee? >> oh, dylan, im not sure youre not. i think t...

$2 trillion in cuts. no one talking about debt restructuring or the catalysts for explosive growth that could be released in solving our energy problems, infrastructure problems, health problems, educational challenges. instead, we revere the beauty of their pro wrestling while they preserve the status quo. so whatever comes out of this, by the day before thanksgiving, it will not come close to addressing the underlying structural issues of a broken banking system without capital requirements, a...

Aig? im pretty sure theres been a template for this not working. thats called the united states in 2008. so while it may kick the can down the road for greece right now, it sure as heck sucks for greece and the eurozone for the next four to five years. its just -- this does nothing to solve their long-term, systemic problems, nor ours, frankly. >> and its interesting, were in a conversation earlier this week, susan, where more and more people were talking about the need for a third marshall plan...

We start today with our thursday megapanel. karen, susan, and jimmy. jimmy, i was talking to martin bashir about this, for the debt restructuring specifically, and equating it to a game of pin the tail on the donkey, and the fact that no one could pin the tail on anything for so long, the fact that they could pin the tail on something was perceived to be a positive thing. are you encouraged or discouraged of the evidence of some debt restructuring and on the other hand, the invention of another ...

Think back to 1987. a huge crash that didnt affect wall street. once we get rid of the protections -- >> i can use nor analogiesry prof lactics, im not going to. why this time its different, dangerous words. fdr did not another the derivatives. so many -- >> so many equations happening at the same time. >> its moving so fast. the difficulty, the politician process takes type and the markets move dynamically and with speed. youre seeing it today in an automated robot factor. >> we get that. >> in...

This country after the civil war, and its impossible for these, at least for me, to see how you get around $70 trillion here and 2etens ever millions there that looks like the room after world war ii or the room aftery brady -- how do you do this with a debt restructuring? >> the needle pointed towards war. the manifestation of policy now is societal acrimony, check the box. social unrest, check the box and geopolitical conflict. and what has prevailed, we stop saying were democrats or republica...

Terms of how we raise revenue. i fear those revenue raises may come from working families. >> and at the end of the day, we are currently -- i said this to the panel a couple days ago. why dont we restructure the desert? we restructured the debt after 1945, had a largely public -- you know what we got? world war ii. at the end of the day we are restructuring the dead. were doing it on the back of the weakest and least represented. theres a debt restructuring under way. fair? >> thats right. what...