Josh Rossner News Today : Breaking News, Live Updates & Top Stories | Vimarsana

>> we play greece, go to germany for a bailout. >> so, the germans -- >> say hey, guys, help. >> do you like that plan, josh? >> i think the problem is -- >> i think germany is the super senior truncheon in the european cdo. and the subordination is collapsing on us all. >> i'm going to audit the fed, i know i've got a bunch of banks taking money out. how do i solve it? >> we know that we don't know enough to analyze the new york fed. just like i know that i don't have enough information to truthfully analyze jp morgan, citi or any of the other too big, too interconnected to fail institutions ...

Matter what. and i think they deserve to be checked out because they've done such a bad job. >> if josh, what is there is what most of us suspect -- there's lots of evidence to suggest it. that there's no money there or less money there than we've given out. does that not then validate that the bank's ceos are effectively running an extraction using the u.s. taxpayer and claiming to be offering a yield? in other words, they're saying, we add value by giving you credit cards and trading derivatives. when the reality is no, they would add value by lending or investing. but it doesn't pay as well...

Portuguese and the spanish. either the ecb is going to print lots of money to try to stave off the day of reckoning, or the greeks and germans are going to have to leave the euro. is what that means to us is one way or the other they'll solve the mess, it may be solved with defaults. and at some point the world is going to come to america and say, hey, wait, you guys have the same problems. we know you can print dollars, but we don't want these dollars any more. or we want higher interest rate. then our ability to try to fix our problems on our timeframe will end and we'll be forced to have to...

Latest updates on this topic from reliable sources.

Latest updates on this topic from reliable sources.