Page 3 - It Defaults News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Felt that my dream is flying away, what it would look like out there. >> that is amazing. >> as the bird flies away your dreams can soar, as well? >> yes, precisely. >> kelly: his works have been featured in art galleries around the world. he was selected to design ornaments for the white house christmas tree. his book is the first book to be published by his alma mater. >> case of man who went missing off a new york beach taking a bizarre twist after he turns up alive. why his wife says he is angry with him next. >> heather: new trouble for the u.s. postal service after it defaults for the fi...

Want to loan them money and in their banks where ordinary greeks took out 700 million euros on monday alone. but greece is tiny, so who cares if it defaults. think back to the terrifying logic of bank runs. if one indebted country goes down, will the next? and that's the worry. the if greece can fall to a run, what about portugal or ireland or spain or italy? suddenly it's become easy to see how the euro, that grand flawed experiment in monetary political union, could come apart at the seams. we are not talking about this in prospect, either. things could fall apart within a matter of months, ...

An fdic. they thought they would get their money, but they were wrong. the run is in the financial market where investors don't want to loan them money and in their banks where ordinary greeks took out 7 million euros on monday alone. greece is tiny so what cares if it defaults. if one endebted country goes down, will the next? what about portugal or ireland or spain. sud seasonally it's become easy to see,000 euro, that grand flawed experiment could come pa apart at the seams. things could fall apart within months, not years. economics and more important political could be huge. joining us no...

Germany. and basically, many people think it is too big to bail. there are lots of people who say, this is just, you know the markets will be watching it so carefully. because it is not enough that berlusconi is out. italy is in much bigger trouble than greece, if it defaults. it is in much worse -- it has six times the debt, basically. their problems are far, far greater. there's a lot more that needs to be done. it could have a far greater impact on us, in america. >> what can we do on our end where italy is concerned to bolster them and protect ourselves? >> well, the issue here is that we ...

Deserve a lower rate. you gamble, right? you put a bet down on virginia over the weekend and the line moves, which would have given you a much more favorable line. you said you know what? that line moved. i changed my mind. give me better rate? yes or no? >> bob: i understand what you are saying but the point is these people can stay in their home and not go to foreclosure. they have shown history of paying mortgage at higher rates, they should get the lower rates. it's not gamble for me -- >> dana: a nice to have. >> bob: it's a -- it will save some people. we don't know how many. a lot of pe...