Page 3 - Making Bets News Today

They made money on, they were shipping coal to latin america. also here at home, though, people dont give up. we see occupy wall street and it feels like, oh, man, woe is me. most people in this country got up this morning and went to work -- megyn: uh-huh. or would like to. >> those who didnt are looking for a job. the point is, were better off than we think we are. we are, obviously, still not anywhere where we can be, but theres enough signs of life that we could catapult this thing. megyn: y...

Reserve will absolutely say, no way, its not us, we didnt do it. but when we talk about the risk premium and people scared about whats going to happen in the middle east, they want to start making bets. the federal reserve has cut interest rates so low and flooded the system with so much money that its made it much more profitable for hedge funds and other investors to make these bets on oil. >> all right. now, fadel, i want to ask you one thing. im a big alternative energy fan. i love the fact ...

You cannot ignore -- we were at $85 before it began to flare up and now were $20 or even more higher. were up over $111. i heard a lot of debate about what strisk premium in oil, 10 bucks, 230 bucks. >> the risk premium is the extra you pay because theres some risk that supply will get curtailed. >> we dont know what the number is. its got to be something. we dont know how this will play out. >> finally up got something here thats interesting. you have a -- that wall graphic shows the federal re...

Normal economic cycle, they were making bets. are you confident that what we see in terms of reform is not going to wind up being watered down past some acceptable level? >> more jobs make sure it isnt watered down. during the debate well try to strengthen it. one amendment is sherrod brown. sherrod brown will put an amendment in saying banks too big to fail should really be busted up so theyre not too big to fail. and the republicans will get a chance. they said they didnt like the last bill, t...

This point. what he said in illinois today, this crisis was not part of the normal economic cycle, they were making bets. are you confident that what we see in terms of reform is not going to wind up being watered down past some acceptable level? >> no. our job is to make sure it isnt watered down. during the debate well try to strengthen it. one amendment is sherrod brown. sherrod brown will put an amendment in saying banks too big to fail should really be busted up so theyre not too big to fai...

And theyre not willing to do that again. they destroyed 11 million jobs, and they want those jobs back. >> the president kept plugging away at this. its been a fairly simple and constant message from him on this point. what he said in illinois today, this crisis was not part of the normal economic cycle, they were making bets. are you confident that what we see in terms of reform is not going to wind up being watered down past some acceptable level? >> more jobs make sure it isnt watered down. d...

This size, and what were learning is that when youre of this size and scale, the idea that these firms can make that, and this is what jpmorgan was doing, they were making bets. by the way, if they thought they were hedging their bets, but they werent, and to make the type of deal theyre supposed to make at this size and scale you can put yourself in a lot of trouble. its still about too big to fail, its about too big to manage. its going to be an interesting month to see what happens. >> i gues...

Ground. in the bigger picture is concerning for the gadhafi government, one of the key figures, moussa koussa, a foreign foreign minister he has defected. theres a second former foreign minister who defected to egypt today there. are rumors about several more, key players who plan to defect. moussa koussa is now being briefed in london. the british foreign secretary said in is a sign the inner circle around gadhafi is crumbling. of course it is being portrayed differently here. they say moussa k...

People in new york to come to work for this program and we picked them up at the otb, you know, the off track betting place. these guys were really good at making bets. i just put them in the backroom there. i dont know who that is getting up. put them in the backroom. there is a milky tub and we have electrodes on it. the point is were just trying to fix things, control speech and action and thoughts. no, let me take it back. were just trying to control the action of society and make sure that ...