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Called for a national referendum on europes bailout plan with voters nearly certain to reject unpopular belt tightening, a hard default by greece would be inevitable, causing bigger losses for banks, which revived fears of global financial chaos. u.s. banks were hit hard. morgan stanley, bank of america, jpmorgan chase, citigroup all fell. yields on safehaven 10 and 30-year treasury notes fell รง suddenly. the dollar fell after japan vowed to curb yens strength. pfizer was the dows only riser a...
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It hasnt. it has tightened it. it has been enfrenched and rewarded. g.e. pays no tax despite record earnings. g.m. is leeching the worker. and should be the poster child of corporate welfare, while it introduces the new green chevy volt. what a sham. the only thing green treasury notes that are going to the unions and the kickbacks now going again to general electric. wall street and the large, large corporate banks are more powerful and more wealthy. as they are the real recipients of the trill...
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The central bank has been held out as a hero with all the political problems notwithstanding, bernanke was above it all. if the world is saying, you are not a lot better and we cannot get out of our problems printing money or buying back a lot of treasury notes, what is our opening right now? >>guest: well, it is not looking good because congress has created more and more debt and now we have the federal reserve involved with printing more money and talking about encouraging inflation which gene...
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>> yeah. its a terrible idea. david axelrod was right in the beginning, not at the end or not currently. all right. ryan grim from "the huffington post," thanks so much for joining me. >> thanks for having me. >> joining us is a republican congressman to give us a different perspective on this. congressman franks, welcome. >> great to be here. >> now, i assume you think along with the deficit commission that social security is a large part of the problem. is that right? >> well, i think governme...