So you have an issue whereby there is a 24226 Unemployment Rate in detroit. There are not enough taxpayers to support social services and what i said that was so radically different in 2010 that had so many people in the Municipal Bond market angry with me was that the whole notion that you no, history would not be a good indicator of the future to the extent that legally states give constitutional backing to their pensioners and their general Obligation Bonds but they dont give constitutional backing to anything else of Discretionary Spending like education or Public Safety or any of those things that as a taxpayer you feel like you pay money and you should get those services. So that something would give and taxpayers who were taking the first phase of the law for the default if you will would finally say enough is enough. Im leaving so the tax revenues dont support the expenses or they say why his attention are getting 100 cents on the dollar when im getting 50 cents on the dollar i
Call, her first major call that went around the world in 2007 when she came out and said that citigroup would look a lot different in 18 months then it did in 2007. The stock sank 7 . Do you remember . The ceo was fired a few days later. She became instantly renowned around the world as i said but actually meredith has been seeing around corners for a lot longer. A lot of people dont know this but in 2005 she put out a report about the Housing Market and said we were headed for subprime doom and basically we loaded up as on so much dead in the subprime area that we were headed for unprecedented credit losses and this was in 2005 well before anyone even uttered the word bubble related to the Housing Market. After her call in 2007 she went on to make other calls about Lehman Brothers and e. Of a. That also proved sure you and that also landed narrative, i just have to do this on our cover of Fortune Magazine in 2008. So meredith, things really havent been the same for her since i would s
The stocks eight 7 the ceo was fired a few days later and she became instantly renowned around the rubbishy has been around a lot longer. In 2005 you put out a report about the Housing Market we were headed for subscribe to the we just loaded up on so much debt that we were headed to unprecedented credit losses in 2005 well before anyone said the word bubble with the Housing Market after college 2007 she went on to make other calls about ups and Lehman Brothers said bank of america. I dont think hsbc. [laughter] but that landed near death on our cover of Fortune Magazine in 2008. Things have not been the same for her since i would say but after that to turn the focus on another area of the economy of the trouble zone of stay in municipal finances working on a report in 2010 called tragedy of the comments how this was the next big danger area in that those that had over leveraged and have gone down the same path as the banks. She turn this report into a book called fate of the states th
Rio grande valley, three gang members. Two of which the ms13 identified as. Two sex offenders, one for sex acts with a minor. But when a. J. Hall and i left the airport within just an hour of leaving the airport driving down to take a look at the border we got into the many arrests that were going on. Take a look. Not an hour since we have been landed we came down to the border to see whats going on. You can see already the military helicopter up there, National Guard supporting Border Patrol has just made this apprehension. Were looking through the slats. This is a temporary wall that stops illegals just about a quarter mile, half a mile to the direction you are looking. This fence stops them from coming into mcallen. This is just indicative of what is showing up. Hour after hour day after day. It just keeps coming. And overwhelming you can see the manpower that it takes. Obviously the eyes in the sky helping on this apprehension. Guys, behind me is the mcallen point of entry into mex
Democrats in 2020. Blowing up in his face. Is an immigrant i feel like donald trump has no plan. We are the people that make this country. It means that you want a trade war by tweet is harmful to world where we are all treated the us economy, harmful for us farmers. With the president back in equally. The white house we will see if he has more to say and also how markets react after a bumpy ride in the last week. We see asian and european probably expected political markets reacting somewhat positively to the news of a possible deal. Punches thrown at the mtv video music awards. Thank you so much. Controversial comments come with others who say hollywood needs to call down. Fox and friends first continues right now. 19 states and washington dc suing over the Trump Administrations decision to remove the floor as agreement which would allow migrant families including children to be detained indefinitely. The Trump Administration says this will keep children safe from smugglers, reduce m