Real money. This is real money, you are the most important part of the show, so tell me whats on your minds by tweeting me at ali velshi or fates book. Com alivelshi. The sad store by americas growing fear about ebola includes this ridiculously stair aisle but potentially life threatening phrase breach for protocol. Thats how the centers for Disease Control and prevention is describing what happened at a texas hospital where a Healthcare Worker became infecteinfected with bola after treating the liberian man who ultimately died of the disease, by simply doing her job that Healthcare Worker has become the first person ever to contract ebola in america. And thats an outrage. Today the cdc boss tom frieden said investigators have not identified a specific problem or breach that held to the womans infection. Frieden did say, the cdc is particularly concerned about the way Healthcare Workers remove protective equipment after being in contact with the virus. He said thats when they run the risk of infecting themselves. So, of course, now the cdc is warning that other workers at the dallas hospital may have been infected as well. And only now, only now is the cdc monitoring all Healthcare Workers who treated Thomas Eric Duncan. The man who died last week. Until now, the workers were monitoring themselves. Frieden said this latest case is forcing the cdc to rethink how they address ebola infection control. I would like at that say its about time. But that rethink may be actually coming too late. Now, this second infection raises many questions that should have already been answered. Among them, is whether ebola patients should only be treated at hospitals that are truly prepared to deal with them. And the in the United States, only four hospitals have been training for years to handle highly Infectious Diseases like ebola. Only four. They are Emory University hospital in atlanta. The Nebraska Medical Center in omaha. National institutes for health or nih in bethesda, maryland and st. Patrick hospital in missoula, montana. And in case you are wonder, there are about 5700 hospitals in this country. In response to a question about this, tom frieden today said the cdc is still considered the best way to treat ebola patients. They are still considering t in other words, he didnt give direct answer. But did say this every hospital has to be able to diagnose the disease. You think . Dont forget that Thomas Eric Duncan was initially sent home after showing up at the hospital with symptoms and a lift that would have suggested the likelihood of i bola. Americans would be forgiven at this point for losing faith in Health Authorities who keep insisting that there is really nothing to worry about. And this whole discussion is distracting from the tragedy unfolding in west africa where the virus has claimed the lives of more than 4,000 people. There is no time for a learning curve for america to figure out how to handle the out break but it looks like thats where we are stuck and that too is an outrage, jake ward has gone to dallas for us tonight. Jake, what can you tell us about this breach of protocol . Well, ali, its mott specifically clear what it is that got this particular Healthcare Worker infected. But it has been show repeatedly that using those personal protective suits wrong can put new terrible, terrible danger, as long ago as over a month ago johns hop kins issued barnings about not for instance taking the hood off and wiping a brow with a contaminated glove, thats been the way many Healthcare Work verse been infected in west africa. Its the process of trying to keep the entirety of the outside. Suit on the outside. Over is you disrobe its very difficult to do. I have tried do it myself think its very, very hard. It may be the kind of thing that Thomas Frieden is referring to here. But its not yet clear whether the nurse whether the Healthcare Worker actually did this or not. What it is that made it the huh. But we certainly know that more people this hour are being monitored, more Healthcare Workers in touch with duncan, more than we thought before the events on the ground are changing very rapidly. You are a man of science, jake, you follow this very well. We were assured at the beginning of this, and particularly since north america had a sars out break a few years ago, protocols were put in space and there were statements that said ebola cannot spread in america because. Protocol that his we have in place. Now the deeper we dig we find out there are less and less in place. Four hospitals properly trained for this. And more isolation wards in the country. But there is really now gnawing at americans to say are we safe or arent we safe in. Well, its really the question here is what is the sort of basic standard that you can impose across the United States. I mean, as you mentioned only four hospitals are truly built for the kind of Infectious Disease work that is required in this case. But we are used to even a model in which, prince, most hospitals dont have a shock trauma unit. If you suffer a gunshot wounds in a major American City one of business hospitals might have a shock trauma unit but you cant expect any hospital to do so. With ebola anyone can wander in to any healthcare facility at any time. So imposing that common standard of p. P. E suits and the protocols of getting unexpressed using them and how to intubate a possibly ebola infected person at any kind of facility its an almost Impossible Task certainly not one that the u. S. Healthcare system is built for. Thats my points. Maybe the cdc did he had kneads to get people more concerned about the fact it may not be contained as we would like it to be. Jake, we look forward to you reporting from dallas to find out what you learn, jake ward for us in dallas. Bottom line i keep hearing public pronouncements that everything is fine and frankly its not its quite clear everything is not fine. There is no one that would know better than retired u. S. Army lieutenant generousal, he not only led the post hiroki kurodae katrina task force but make sure the u. S. Is prepared to pandemics and bioterrorism disasters. Which it comes to ebola in the United States, i keep hearing government officials saying everything is okay. General is everything okay . It sounds very much like a play bake prior to 911 unone of our biggest threats were concerned about pandemic, end decembeepidemics and bioterrore lessons that we learned in training seem to be playing out again as the nation and world grapple with this how to defeat this ebola out break. Normally it started off just like this would get in a scenario, misdiagnoses, not reporting, somebody assuming in some case that well, we have to worry about the patient privacy. The next thing you know we had an out break. Over and over again when we train, what it came down to was the discussion that you were just having with the previous gentlemen, is an absence of attention to detail, the medical community hide under this thing called protocol. What is a protocol . Is it a law . Do you have to follow it . Do you have to do it . How do you make sure the hospital staff is trained and certificate odd that . That should be done by Public Health officials logily. The problem is we have under funded, under trained and taken away the power to certificate these hospitals. Now everybody is depends on this cdc to be the savior and they cannot be everywhere all the time. And, in fact, some of that under funding and movement of funds went away from Public Health in to terrorism protection. Terrorism and also to the evolution of the Public Healthcare of the United States. It did not stay in this training and preparedness of a hospital. And we see it unfolding more and more that and you hear the nurses talking today that they are under trained and they are not getting the repetitive training that they should be getting because those programs are no longer funded. Where hospitals have set aside rooms to be able to deal with this type of disaster, and they do are pet tiff training. The other challenge when we were funded is to get the doctors and the hospital, to have dedicated time to deal with the training scenario, where they were trained to failure. When you train to failure, it teaches you how do you ask for help and how do you do the Risk Communications to keep the public informed and how do you isolate that particular disease or pandemic inside that facility without it getting out and thats what we are missin missid we need to go back and resource that and get our Public Health statute back to where it should be in this country. But there are base beings here. For a 21st century reporting system. There are basics general when we went through the sars stuff and everybody looks at it in hindsight we should have identified patient zero, found everybody in contact. This system here is shrouded in seek civil we arsecrecy. We cant control it. What is it that leads to a man getting off the plane from liberia showing up with symptoms that look like ebola and being sent home. It goes back to protocol says. Are they the law . Do they have to be followed or are they just kind of out there . You know, we become a culture that is very aware of how we fight terrorism and thats where all the money went, ali. You do it, do i it, you have done it you come in through our customs the people looking at you, look at where you have been, its all about who you are there, why you were there. Of we dont ask those questions. You know, you can go to a Little Country like cuba, and integrated with the people at cust you want are medicacustomsg around where their white coats on looking at you this they may come up and ask you a question. Yet in a readiness role like we have right now fighting he bowl a we have fumbled and been awkward in trying to figure out what to do. Its very simple. We know what we have to do. Its public law. We gotta protect the people. And we need to be checking people. Is there some point at which the military can be helpful . Well, the military will be and is helpful with the 4,000 troops that are going on the frontlines. I think internally in the United States we need to take a different approach. This needs to be an all of government solution. We need to have more integration and narrow down the number of people being effected. So people coming in from the region, they need to be isolated through a couple of three airports. So we can get the expertise there of all known inbound patients, of people who are traveling from the region. So we are not going to 50 different airports, we got one or two airports, if you are coming to this country and you are coming from that location, this is the route you come in. So we can have the right expertise to deal with it. On the other hand, here in the United States, we need to recertify these hospitals. Any hospital may take an ebola patient. But they should not be they should not stay there. We need to limit this to three or four hospitals in the country. When we take those patients and we fly them for emery or somewhere up in minnesota whenever that place is and treat them there. Trying to get all of these hospitals certified now its too late. They are not ready. We have shown we are not ready. We need to at mid. Iadmit it. The first stem towards redemption is admission, we need to get it to the Expert Centers that can deal with. Thank you for joining us. Much like an Infectious Disease, a Global Financial crisis can start small and quickly spread beyond borders i am looking at what two world powers did today to try to head off the next economic collapse, thats coming up neck, well take to you alaska where the weather is cold but the race for senate is red hot thanks to healthcare. Those story and more next. Keep it here. For the first in 15 years an american was not one of the winners of the nobel prize in economics, it was a frenchman. He was recognized for his work on regulating large ins tunings and he does have a connection to the United States, he got a doctorate from Massachusetts Institute of technologies, he is the third frenchman to win the prize which has been dominated by american economists. His work came to prominence during the financial crisis which highlighted the weakness of regulation in the financial industry. Now, speaking of the financial crisis, the u. S. And britain are playing financial war games this week, participants in washington are simulating a financial meltdown like the one we saw in 2008. They are going to plot out the best way to communicate in case an institution that is too big to fail, well, you know, fails. With new regulations in place since the crisis, regulators are trying to insure any future response can avoid hitting up taxpayers for a bail out. Now, the simulation will test how well top financial regulators in the u. K. And the United States can handle the collapse of a multinational bank. Now take the case of aig. Not quite a bank but required a 184 billion government bail out in 2008. It was a londonbased Financial Services unit of aig that was largely to blame for igniting the worst of the financial crisis, its Financial Services unit sold unregulated bets on debt obligations that ended up declining in value crippling what was then the largest insurer. That one case helped transform a contained financial cries toys that point in to one that brought the Global Economy to its knees. So is the western world better prepared than it was six years ago . Sheila is covering the story for Bloomberg Business weave where she serves a features editor and national correspond earth. Lets start with that, are we better prepared . Prior to 2008 when a bank start today teeter and seemed like it might go under. They had two options let if go in to bankruptcy which is what happened to lehman brothers, very messi process a lot of people lost their jobs or bail the company out with taxpayer money and that was very unpopular and people were really worried that that was going to give banks a sense of, you know, over confidence to take risks. So since then dodd frank legislation passed in 2010 to outline a methodology for an orderly winding down of a failing bank. And it hasnt been tested yet but at least something is written down that would give the government the authority to take over the bank, keep the good parts running, and wind down the things that are sick and ailing and hopefully not poison the entire economy. This is different from the stress test that we saw. The dress tested were designed toe say if certain Economic Conditions changed are these banks healthy enough to stay float. This is a different game. This is a if we have to actually shut this bank down. Right. What would happen . So right now the federal deserve does a stress test of all the american banks, they do that twice a year and that was something that dodd frank gave the mandate to do. And you may remember that citi group famously failed back in march and was that was a big slap in the face for them, but at least there are some examiners going in to the banks saying do you have enough capital to survive if there is a run at the bank or someone wont lend you money or spike in oil prices or whatever it is. So what happened today is different its global. Top people from the u. K. And the u. S. Talking to each other and thats important because as we saw with the lehman bankruptcy ievery subsidiary in Different Countries had to enter to the local bankruptcy there. No one was prepared to deal with it. At least now you have people talking about what their roles would be and how this would potentially play out. Sheila bear, when she was sort of regulating banks was big on the idea of banks creating viable what she called living wills of course the idea if we become innin insolvent. The banks must have a plan to say this is how we will come apart. Most people are not convinced that these too big to fail banks are not too big to fail. As we have learned again and again, confidence is really, really important. Especially in the financial sector, as soon as a bank loses the faith of the market, people dont want to do business with it, people wont trade on it, its like a run on the bank. It becomes paralyzed and frozen and k. You know, enter thats not what happened in secretary of october in 2008, banks wouldnt let to banks. Yes. And it can become a self fulfilling prophecy, it enters in to this death spiral the assets lose value and crisis ensues, what they do now is trying, really, really hard to sort of show the world that they have tank en care of it. They have the living wills, the stress tests now the global war games stress test the problem is there is a credibility problem among the regulators it has taken a few years to get to this point. The fact is the dodd frank rules set in motion a few years ago they are still get getting written and implemented so we dont know how it will work when is this public . Will we know about how this all happened and what the results are . They have said the they are g to release some of the results, but we do not know yet. And i am very eager to see how forthcoming they are with what the problems were that they encountered. Maybe we are better off in that we are looking at . T. Someonat it . Someone is trying. All right, well have plenty of people complaining about healthcare in america, but nobody pays more for it overall than people