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Here the former president was in china back in '84. >> a nuclear war cannot be won and must never be fought and no matter how great the obstacles may seem, we must never stop our efforts to reduce the weapons of war. we must never stop it all until all -- until we see the day when nuclear arms have been banished from the face of this earth. >> i want to thank andrew sullivan of "the atlantic," of remembering those lines of former president reagan. next, alan greenspan in the hot seat? he answered for the fed's failure to prevent the subprime mortgage implosion. >> my experience has been in t...

Nuclear arms have been banished from the face of this earth. >> i want to thank andrew sullivan of "the atlantic," of remembering those lines of former president reagan. next, alan greenspan in the hot seat? he answered for the fed's failure to prevent the subprime mortgage implosion. >> my experience has been in the business i was in, i was right 70% of the time but i was wrong 30% of the time and there are an awful lot of mistakes in 21 years. >> give credit to greenspan for standing up for his watch as hero. off to someone who has gotten a lot of confidence about his job performance, se...

Thaffecting the united states in more ways than one. stu varney joins me now. it cannot be overstated, the dire warnings that they are offering. the meeting in brussels to save the euro has taken on an air of desperation. if this euro collapses we would be looking at a situation globally that is far more deaf stating than we even saw here in 2008 after the mortgage implosion and the debt krep crunched that followed. is this overstating it? >> no it is not. it is here now and happening at break-neck place. there are crisis meetings taking place in washington d.c. president obama is there, hilla...