Securities Area News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Victim. >> right. >> people with the minimum wage debate. how does someone get into a position to be an adult and have skills to have minimum wage. what do they do to hurt themselves? >> bravo, bravo. >> this is a political -- >> wait a sec, adam. >> he continues to say stuff li like. this is a political story. the trial bar, these are not like regular old lawyers. these are one of the biggest activist groups in the democratic party. they have been doing this in the securities area. >> they are hitting up the states that have these great big deficits courtesy of escalating medicare costs sayin...

Of the scam that's being run against the american pensioner, homeowner and average taxpayer by bankers and politicians? >> well, the simple answer to your question is, that the facts as they've been alleged, could well give rise to criminal indictments. i say as a former federal prosecutor. as a state official, as you may know, we have been largely preempted in the securities area. which ought to change. >> so explain ha that is. explain -- there's all of these little legal changes that were made in d.c. that have castrated attorney generals like yourself across the country to do anything like...

It is rich and many could say on a price earnings basis. the dow is not cheap but not obscenely rich. do you agree with that? >> i agree. as far as historical measurements go, we are in the middle of range and that -- in the middle of a range of a slow and painful recovery. we should be much further along, but the fact of the matter is this has been the slowest recovery i've seen in my lifetime. we should be much further ahead and therefore so should the dow. that's the reason the fed had the excuse not to pull away from the market, they continue to intervene in places with the quantitative ea...