Banking Bailout News Today : Breaking News, Live Updates & Top Stories | Vimarsana

We do have a press conference coming up here in the next few minutes. we'll bring you the very latest when we get it. rick? rick: laura, thanks very much. martha? martha: let's look what is going on in the markets this morning, shall we? dow jones industrials up about 44 points. 56 points now for the big board. 12,467. everybody is watching spain's massive bailing bank out, banking bailout she said. the dow closed down 142 points on monday as investors gave a thumbs down on that plan. the focus remains on europe. the market looking better in the early going so far this morning. behind me eri...

Three lanes and knocked over a power pole before crashing. jon? jon: lots of financial news affecting the markets today a day after stocks posted some of the biggest losses of the year. the dow jones industrials average right now up only about five points, this after a big selloff yesterday. let's check in with chonl mcshane -- connell mcshane. >> it only turned higher in the last couple minutes, i think some of the headlines out of europe, maybe they're working on some sort of a spanish banking bailout, but here in the u.s. the economic data's been coming in, none of it's been good. manufactu...

The taxpayer footing the bill for that person who walks away? >> well it remains to be seen. what is happening is the banks and houses go back to the banks, so the bank's inventory of houses is increasing and it remains to be seen if there's another banking bailout or we bail out freddie or fannie to pay for the foreclosures that don't need to happen. >> stuart: what proportion of people who call you every month, what proportion are the strategic defaults, walking away when they don't have to. >> about 0,000 people -- 10,000 people a month contact us that are distressed sellers. not all under ...