Live Breaking News & Updates on Wall Street For The First Time
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New york city mayor bloomberg ringing the opening bell as trading resumes today on wall street for the first time since hurricane sandy hit. the last time it was halted for two days because of weather, 1888. they re running on the own backup generators and the markets are lower. the dow is down 15 points there. well, nbc s first read team says it won t be surprising if the losing side of the presidential election blames sandy. take a look at what they mean by that. up next, presidential historian doug brinkley of how disasters affected elections and republican congressman steve king says he wants to avoid a repeat of hurricane katrina. he says relief money was spent on bags and massage parlors. ....
Everything was all about the super committee and the debt ceiling now we re talking about accountability on wall street for the first time. i think that is a good thing. no matter what happens. no matter what the future holds, they have changed the national dialogue. this is something that both tea partiers and progressives and people all over america probably can agree on that, you know, mistreatment, misbehavior on wall street needs to be focused on and there needs to be some accountability. bill: all right. you said congress should step up and support the occupy wall street movement. do you still believe that in light of all the crime, all the depraft that we have seen? all the chaos? you still believe the congress of the united states should declare support for the occupiers? you know, bill, i have to disagree. i don t think that i ever declared that congress should support it. bill: wait, wait, wait. in a youtube video, released on november ath, all right? i know the video ....
Everything was all about the super committee and the debt ceiling now we re talking about accountability on wall street for the first time. i think that is a good thing. no matter what happens. no matter what the future holds, they have changed the national dialogue. this is something that both tea partiers and progressives and people all over america probably can agree on that, you know, mistreatment, misbehavior on wall street needs to be focused on and there needs to be some accountability. bill: all right. you said congress should step up and support the occupy wall street movement. do you still believe that in light of all the crime, all the depraft that we have seen? all the chaos? you still believe the congress of the united states should declare support for the occupiers? you know, bill, i have to disagree. i don t think that i ever declared that congress should support it. bill: wait, wait, wait. in a youtube video, released on november ath, all right? i know the video ....
bill: that s why it collapsed. then the government had to bail it out. then what fannie mae did bread this virus in a petrie dish and then they spread it all over wall street and the world by security advertising the mortgages and say you buy a slice. you buy a slice. so everybody had one percent of these horrific mortgages and when they fell apart, it caused the whole financial system of the world to collapse. bill: remember when i had to yell at banky frank for lying on this program but b. how effective fannie mae and freddie mac is to this day people remember that i had to do it. now we find out that newt gingrich was a consultant to freddie mac to the tune of about $1.5 million. so, what you are say something correct, these organizations historically have helped politicians in both parties financially. they sure have. ....
Congress today. hauerly you can understand the frustration of taxpayers who are paid bonuses while the bus is driven through the gates of hell and then you want us to pay bonuses while the people change the tires. i can certainly understand the frustration. here now to analyze the political implications of this the purveyor of dick morris.com mr. morris. look, these guys say if you want financey and freddie to be turned around you have to pay the money to the head guys because you are not going to get the talent to do it unless you pay them competitive salaries to what they could make at wall street or whatever. that s their argument. i want everybody to know what their argument is get rid of fannie and freddie. it doesn t work. we can t afford it? come on. 1.3 million in bonuses to each of 10 people. that s the average. 13 million in bonuses to 10 employees. is far more than competitive. bill: the big salaries are at the top. ....