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Be upset with this. >> i know. i know. people are going to be upset and they have a right to be upset. i mean, the federal government has created a mess, a, by getting into the housing business. in 1938 which was then fannie was started and in 1970, under richard nixon which was when freddie was started, and then entering agreements with the officers of these corporations which once were wholly owned by the government and then were traded on the public stock exchanges, then are back wholly owned by the government entering into agreements that we will indemnify you, we will pay your legal defen...

>> shepard: we don't know. the japanese officials are still considering this the fourth worse level out of 7. the united states officials and united nations who are considering this -- i should say the united nations wash dog agency considering this 6 on a 7. we know the computer systems around this facility were knocked out. how they are monitoring radiation there is beyond us. there are not people inside the core itself where the damage has supposedly taken place where the radiation has supposedly emanated where there is said to be cracks on the side. they've not been specific. as a result, ...

United states. now japan is slightly over 40%. here is where we are. at 45%. where are we. there we are, 4%. who is going to buy our debt? japan's central bank injected 15 -- i thought it was a billion, but it's trillion, isn't it? trillion yen. $183 billion. right in to the market to stabilize their economy. the nuclear meltdown story is the one that everybody is talking about. the one that really truly affects every human on earth is the possibility of the global economic or bond meltdown.

This obviously is in response to what is going to be an enormous rebuilding plan for japan for that hard-hit area of the northeast and part of the country. taisei and kajima both soaring. known for constructing buildings. it certainly led to gains for all japanese construction stocks. they rally in korea as well. but back in japan on the wider economic front. the bank of japan, the central bank said it was going to inject a record $183 billion of cash into the financial system to make sure things are working smoothly, to make sure confidence is maintained and make sure there's plenty of lendin...

How can much can we afford to pitch in. third largest economy in the world. >> until last week, the japanese economy was recovering. that has stalled and almost certainly gone in reverse. as you said marth ait is the third largest world economy. you can't shut it down. it will affect us and slow down our rate of growth and affect our job creation . and it is a negative for everybody. >> oil dropped because a customer got injured. >> less oil for japan . same supply . lower prices. >> they pump 7 trillion worth of yen . that adds up to 183. >> it is a 183 billion went in their