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Sucker go. in las vegas today where obama is, 65% of people owe more on their home than it's worth. negative equity problem. an ore said this might take the sting out of it. but since it's similar to the previous program i thought i'd point out president obama housing program they started in 2009 was a $50 billion program a gaited money. they only have spent $2.4 billion of that. they help 1.7 million people out of the 9 million homeowners they said they would do. it's taking so long and shackles are so great. when they say we can't wait, democracy is an inconvenient thing sometimes. >> bob: t...

Sucker go. in las vegas today where obama is, 65% of people owe more on their home than it's worth. negative equity problem. an ore said this might take the sting out of it. but since it's similar to the previous program i thought i'd point out president obama housing program they started in 2009 was a $50 billion program a gaited money. they only have spent $2.4 billion of that. they help 1.7 million people out of the 9 million homeowners they said they would do. it's taking so long and shackles are so great. when they say we can't wait, democracy is an inconvenient thing sometimes. >> bob: t...

The underlying problem is europe can't pay its bills because they've got an entitlement culture, they've run out of other peoples' money so they need this trillion dollars. the rescue package doesn't fix that problem. the underlying problem remains exactly the same. bill: taxpayer money, in behalf of the u.s., part of this is imf money, part of that, imf money is our money, right? >> yes. bill: how much? >> that's true. some imf money is involved in the trillion dollars package but also there's what's called a currency swap arrangement with the federal reserve, america's central bank. we are g...