Page 33 - 401ks News Today : Breaking News, Live Updates & Top Stories | Vimarsana

We know what the problems is. let's not you kick the can downe road one more time. now's the time to deal with it. >> [inaudible] jenna: members of the house leadership team and others speaking about the meeting that just happened with the president and the house republican conference. you might have just heard that that final question, what's the point of this meeting, was asked john boehner, and he said it's so we can communicate directly with the president. senator evan bayh was with husband just moments ago. unfortunately, he had to leave without being able to react to some of this news co...

That's not such a bad thing, if you're a first time housing buyer, that means there's a lot of bargains out there. if there's somebody like me who owns my home, that's not good news because for most americans, march that is correct the principal asset, even more than the iras or 401ks are your home. >> the home, the most solid investment all of us have and you think well, i know i have this, a wonderful investment i can live in and sell when the time comes. >> another piece of good news, remember that people in the '80s and '90s, through 2002 or so, we had a big runup. >> huge. >> huge runup i...

Crisis, say, i hold this much american debt maybe it's not worth what i thought it was, how much money do i have? my counterparties have? that's when financial markets freeze up. two things happen, we have a financial crisis truly dangerous. the other is we never get back the low interest rates we have and in recent decades. america will never be fully trusted again if we fail the world just one time. >> this is not confined to walt and financial markets. you can see investments and average america, investments in the stock market, 401ks and the auto-market and main street as well. >> wall str...

Megyn: you know, i think obviously if they are with wall street firms they have an interest in what happens on wall street but that matters does it not? because when wall street doesn't like a policy we all wind up paying as we our 401ks go down and stocks fall and consumer confidence go down. >> reporter: there is a huge disconnect and i'm not sure why between washington and main street these days. wall street are on the money. they see where the money is going. it's not going to the keep. you've got banks hoarding it right because well they are just as uncertain too i'm not going to loan you...

-- private equity groups will buy it, investors, 401ks will buy it. bad investment. if you're going to invest in an auto company, go to ford, ford is doing everything right. by the way, obama will be at ford on wednesday. he was on the view, he can come on "money rocks". >> and it's 11:00 p.m. eastern time on the fox business network. jon, over to you. actually, i have a couple more things to talk about, the economy. we have brand new numbers out on the economy and this came out, just a few hours ago, the gross domestic product, growing at a slower pace than expected in the second quarter, 2.4...