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On actions prior to the bailout which set the template for the bailout and i believe you have to have a principled approach to letting capitalism work or not and the idea of bailing out wall street and bailing out even though they're important institutions, there would be an opportunity for us to recover. i don't think there is any question there would have been a bigger down turn, but we'd be on a steeper upturn instead of floundering around. >> no more too big to fail? >> no. look, we memorialized it and what do we have? bigger banks with bigger shares which leads to future bailout and also ...

On actions prior to the bailout which set the template for the bailout and i believe you have to have a principled approach to letting capitalism work or not and the idea of bailing out wall street and bailing out even though they're important institutions, there would be an opportunity for us to recover. i don't think there is any question there would have been a bigger down turn, but we'd be on a steeper upturn instead of floundering around. >> no more too big to fail? >> no. look, we memorialized it and what do we have? bigger banks with bigger shares which leads to future bailout and also ...

Limited in paying current legal fees for former officers and directorss they believe they must continue efforts to control and scrutinize legal expenses. if organizations like fannie and freddie want to attract top level executive talent curtailing their access to top level legal talent will prove difficult. >> when you have a deposition you have to have three lawyers in the room. he there is no accountability for keeping legal costs within a proper reference point. >> by july the inspector general will receive a report if the on the steps being taken to rein in these legal bills. all eyes n...

Latest figure are not good news foreign employment, and analysts say two thirds of american jobs come from service industry and sending in that sector plunging. as prove wrapped up a theodore tour to promote ideas on how to fix the economy. and now, wendell, what is the reaction reaction to the g.d.p. numbers? >>reporter: the react has been that things are getting better but not fast enough. the chairman of the president's council of economic advisers said and i quote, "while the continued expansion is encouraging, fast are growth is feeded to replace the jobs lost in the recent down turn and ...

And the pd river that flows up here. manufacturing left. and real estate market is wrecked and the economy is first and foremost in this part of the south carolina to be issue number one which would appear to appeal to supporters of mitt romney x. just to show you four years ago on the map where huckabee is in blue and mccain is in red. mccain won half and huckabee won half. based on 2012. newt gingrich swept this area and move to florida it would be certain parts of thatitate that reflect a similar economic down turn . at the moment newt gingrich did well in upstate. very conservative voterss...