Page 3 - Credit Problem News Today : Breaking News, Live Updates & Top Stories | Vimarsana

There -- >> bernanke is out there saying we're going to keep rates low a long time. as soon as people figure out we have a credit problem, rates goes higher and interest is higher. >> talked to aol about america's place in the world. it does factor in in terms of what america is actually capable of doing and around the prospect of meaningful debt reduction, which i don't really see happening this year. >> you're right. >> here is steve case. >> it's not helpful to the economy. it's not helpful in terms of building confidence. not just about business in this country but people all around the wo...

obama has just summoned congressional democrats to aarr white house. to be clear, democrats only. we're also hearing the top two house republicans, john boehner and eric cantor are to meet with mr. obama at 5:00 p.m. eastern time. so clearly a busy afternoon shaping up at the white house. tell you what, i want to take you now straight to senator coburn who is live for me. sir, good to have you on the program. let me just begin with this. we mentioned these meetings at the white house. my question is, is the fact that there's a democrats only meeting happening now at the white house, ...

Percentage of these sales that are foreclosures? >> at this point those numbers aren't necessarily factoring into the pend home sales numbers. we do know on closings, foreclosures are making up 28% of all existing home sales. and it is a lot higher in some states when you look at california and florida, up in the 50% range. that's what the market is right now. you got investors in there. one third of the market is all cash. there you have that credit problem, a lot of folks cannot get the mortgage what are you left with? you're left with all cash investors, left with a couple of first time hom...

That's one extension of the bush doctrine. he establishes preventive war, which is aggression. so, no matter how noble it may sound to promote aggression, but now in libya, we're promoting this preventative war to prevent humanitarian problems. at the same time, they have never even been proven, let alone legitimate. so i would say, yes, it's horrible. all these things are horrible around the world, but i don't think us getting involved and using violence and bombing and killing innocent people. you know when we drop these bombs and we launch these missiles -- >> i know. >> -- and drones into ...

Will we have a real credit problem we'veç never had befor if it goes down, the debt ceiling? >> well, you know, there's a similar argument when they wanted to do the bailout in '08 saying there would be a depression if we didn't do it. all they did was prevent the depression for wall street and gave the depression to the poor people. so now they're saying once again, another fear. no matter what happens, use fear after 9/11 and, you know, osama bin laden -- saddam hussein, we had to scare the people. now they're scaring again. if you don't pass it, there's going to be another disaster. it is...