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Sep 3, 2010
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that was the message from ben bernanke testifying before a panel. he says regulators must be ready to shut down large institutions if they threaten the entire system. when it comes to the failure of lehman brothers, there was a sharp split between the chairman of the federal reserve and the former ceo. >> the former chief executive of lehman brothers always argued that his bank could have been saved. the chairman of the federal reserve disagree. >> there was no other option. >> besides putting rescue packages together for other banks, ben bernanke told the commission that the situation at lehman brothers was hopeless and that his hands were tied. >> i wish we had saved lehman brothers, and we tried very hard to do so, but it was beyond our ingenuity or capacity to do ait. we were willing to be creative -- >> you did see it coming. >> we saw there were a lot of risks in laymen and other companies. the actual failure was not preordained. >> it was a sorry sight, staff leaving offices after the sudden collapse of the bank. the bankruptcy of the firm th
that was the message from ben bernanke testifying before a panel. he says regulators must be ready to shut down large institutions if they threaten the entire system. when it comes to the failure of lehman brothers, there was a sharp split between the chairman of the federal reserve and the former ceo. >> the former chief executive of lehman brothers always argued that his bank could have been saved. the chairman of the federal reserve disagree. >> there was no other option....
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bernanke who is everybody in the whole u.s. economy is looking for to save the day you know whether it's political leaders or central bank. leaders they want them to rescue us save us with their magical work and that's something that this artist anika longer brought up she said i don't see the ambition to levitate the building meaning the frankfurt stock exchange as less absurd than what is going on inside the building he's right they both believe in an out committed way of thinking that they can somehow magically create g.d.p. growth without massive amounts of debt creation keep in mind that during the last twenty years states arab or the g.d.p. creation in the u.s. was accompanied by massive amounts of debt creation twenty five years ago for every dollar fifty or two dollars in debt that was created you had one dollar in g.d.p. growth by two thousand and seven it took seven to eight dollars in debt before he ended up with a dollar of g.d.p. growth now that's not a viable economy that's a corpse that you're pumping in more deb
bernanke who is everybody in the whole u.s. economy is looking for to save the day you know whether it's political leaders or central bank. leaders they want them to rescue us save us with their magical work and that's something that this artist anika longer brought up she said i don't see the ambition to levitate the building meaning the frankfurt stock exchange as less absurd than what is going on inside the building he's right they both believe in an out committed way of thinking that they...
WHUT (Howard University Television)
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Sep 30, 2010
09/10
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WHUT
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ben for bbc news. >> some major stories -- markets are nervous ahead of the testimony by ben bernanke will speak to the senate banking committee later amid speculation that the center bank is prepared to buy more debt to support the ailing economy. talking of that, the u.s.-china trade relations could take a serious turn for the worst. china has reacted angrily to the bill passed by the house seeking trade sanctions against it and other nations for manipulating their currency to gain trade advantage. their foreign minister says that such trade protectionism could only harm economic relations. here's a quick look at markets. no surprise -- down for the fourth straight session. concern about the fiscal cuts in ireland. moody's done bidding on the main interest rigging of space. -- moody's is down on that. -- on the interests rating of spain. the u.s. weekly jobless numbers, and the gdp numbers -- and ben bernanke. aig has come not to say that it is repaying the billions to the u.s. government -- has just come out to say that. >> tony curtis has died at his home in las vegas. he was 85.
ben for bbc news. >> some major stories -- markets are nervous ahead of the testimony by ben bernanke will speak to the senate banking committee later amid speculation that the center bank is prepared to buy more debt to support the ailing economy. talking of that, the u.s.-china trade relations could take a serious turn for the worst. china has reacted angrily to the bill passed by the house seeking trade sanctions against it and other nations for manipulating their currency to gain...
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Sep 3, 2010
09/10
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ben bernanke said today it's a myth that lehman brothers could have been saved, perhaps preventing the financial crisis. susie, the fed chairman also says he's partly to blame for creating that myth. >> susie: tom, bernanke was the star witness on capitol hill today, answering questions from the financial crisis inquiry commission. the committee was commissioned by congress to figure out why lehman failed, and to answer the bigger question of what caused the financial crisis. >> tom: bernanke's testimony was a look at the lessons learned from the crisis and a look at how to prevent another one in the future. darren gersh reports. >> reporter: speaking to the financial crisis inquiry commission, federal reserve chairman ben bernanke admitted he thought lehman brothers was not merely facing a cash crunch when it failed. he thought the firm was very likely insolvent, a fancy way of saying it couldn't pay its debts. but in 2008, bernanke chose not to share that thought with congress. >> it was a judgment at that moment, with the system in tremendous stress and with other financial institut
ben bernanke said today it's a myth that lehman brothers could have been saved, perhaps preventing the financial crisis. susie, the fed chairman also says he's partly to blame for creating that myth. >> susie: tom, bernanke was the star witness on capitol hill today, answering questions from the financial crisis inquiry commission. the committee was commissioned by congress to figure out why lehman failed, and to answer the bigger question of what caused the financial crisis. >>...
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Sep 30, 2010
09/10
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. >>> federal reserve chairman ben bernanke heads to capitol hill today to testify on the progress of rolling out that new financial overhaul law. in prepared testimony, he'll tell lawmakers the fed is working closely with other regulators to implement the biggest overhaul of financial rules since the great depression. the goal, of course, is to prevent another financial meltdown. >>> new numbers show a pickup in foreclosure sales. one in four homes was in foreclosure. selling 26% less than properties not in the foreclosure crisis. this will help heal the housing market. >>> jpmorgan chase is freezing more than 50,000 foreclosures. the bank is reviewing documents for possible flaws. but experts don't expect the delay to reduce the number of foreclosures. >>> overseas, stocks are falling this morning, due to new concerns about europe's debt problems, after spain's government debt was downgraded. tokyo's nikkei average tumbled 2% today. hong kong's hang seng is lower. in london, the ftse opened lower. and on wall street, the dow slipped nearly 23 points yesterday. the nasdaq was down th
. >>> federal reserve chairman ben bernanke heads to capitol hill today to testify on the progress of rolling out that new financial overhaul law. in prepared testimony, he'll tell lawmakers the fed is working closely with other regulators to implement the biggest overhaul of financial rules since the great depression. the goal, of course, is to prevent another financial meltdown. >>> new numbers show a pickup in foreclosure sales. one in four homes was in foreclosure. selling...
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Sep 14, 2010
09/10
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treasury secretary henri paulson, chairman of the federal reserve ben bernanke, and timothy geithner then president of the federal reserve banning of new york now president obama's treasury secretary. in recent testimony before a commission investigating lehman's fall bernanke repeated what he had said in the past, that it had lacked legal authority for a bailout. >> the only way to save lehman was by breaking the law. i'm not sure i'm willing to accept those consequences for the federal reserve and for our system of laws. i don't think that would be appropriate. >> brown: but the fed chairman went further. >> it wasn't just a question of legality. it was a question of whether there was anything we could conceivably do to prevent the failure of the firm. therefore it was with great reluctance and sadness that i conceded that there was no other option. there was never any discussion which says here's how we can save lehman. should we do it or not? we never had a discussion like that. >> brown: lehman's collapse and the ensuing crisis led to a new push to make banks safer. in the u.s.
treasury secretary henri paulson, chairman of the federal reserve ben bernanke, and timothy geithner then president of the federal reserve banning of new york now president obama's treasury secretary. in recent testimony before a commission investigating lehman's fall bernanke repeated what he had said in the past, that it had lacked legal authority for a bailout. >> the only way to save lehman was by breaking the law. i'm not sure i'm willing to accept those consequences for the federal...
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Sep 24, 2010
09/10
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bernanke -- princeton's own ben bernanke in. [applause] >> thank you for giving me this opportunity to come back to princeton. by todd economy when no one at 8:00 a.m., and in -- i taught economy 101 at 8:00 a.m., and i never had this kind of attendance. [laughter] when my colleagues and i founded the center of a decade ago, we intended it to be a place not only to learn the technicalities of theory, but also about the broader context of financial activities. recent events have made clear that understanding the role of markets and institutions in the economy and the effect of economic development on finance are more important than ever. the financial crisis has proved to be one of the most difficult challenges for economic policymakers since the great depression. policy response to this challenge has included important successes, most notably, the concerted international effort to stabilize the system. for its part, at the fed worked closely with other policy makers domestically and internationally. we provided a backstop to a r
bernanke -- princeton's own ben bernanke in. [applause] >> thank you for giving me this opportunity to come back to princeton. by todd economy when no one at 8:00 a.m., and in -- i taught economy 101 at 8:00 a.m., and i never had this kind of attendance. [laughter] when my colleagues and i founded the center of a decade ago, we intended it to be a place not only to learn the technicalities of theory, but also about the broader context of financial activities. recent events have made clear...
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Sep 20, 2010
09/10
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what steps, if any, will fed chief ben bernanke and company take to help jump-start the struggling economic recovery when they meet tuesday on interest rates? they could lower rates or make other moves to stimulate the economy. with recent upbeat data, including stronger than expected private sector job growth, most analysts don't expect major moves. still, positive comments alone could spark market confidence. >>> it's a big week ahead for readings on the state of the nation's housing market. new and existing home sales, along with new home construction, are expected to rise but look for both permits for future home construction and home prices to fall. >>> this week we'll also get quarterly earnings reports from companies such as bed, bath & beyond, discover financial, nike, and general mills. and speaking of general miamis, the company refused to comment sunday on a report it's considering a $1.5 billion bid for the french yogurtmaker yoplait. elsewhere, no comment from gm, and the treasury department on reports gm is in talks with its current partner in china saic about buying a stake i
what steps, if any, will fed chief ben bernanke and company take to help jump-start the struggling economic recovery when they meet tuesday on interest rates? they could lower rates or make other moves to stimulate the economy. with recent upbeat data, including stronger than expected private sector job growth, most analysts don't expect major moves. still, positive comments alone could spark market confidence. >>> it's a big week ahead for readings on the state of the nation's housing...
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Sep 2, 2010
09/10
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they are going to hear testimony also from fed chief ben bernanke. he has been talking about this too big to fail concept frequently paired here is one example of him talking about it way back in march when he was in front of the independent community bankers of america. he said the problems of some firms being perceived as too big to fail is one of the most insidious barriers to competition in financial markets. ironically, the number of the firms got larger and efforts to save them. we want to hear your thoughts about the concept of companies being too large to fail. bob graeme talked about this yesterday. let's listen to him. >> it seems to me that the key question here is, well there continue to be the political support to do what has been done in the past few months, which is to intervene at the time ultimate crisis. second, if that is suspect, that continuing political support, of what are the fundamental ways to avoid reaching that point of extremists, there are many members -- there are many candidates this fall running on a platform of no mo
they are going to hear testimony also from fed chief ben bernanke. he has been talking about this too big to fail concept frequently paired here is one example of him talking about it way back in march when he was in front of the independent community bankers of america. he said the problems of some firms being perceived as too big to fail is one of the most insidious barriers to competition in financial markets. ironically, the number of the firms got larger and efforts to save them. we want...
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Sep 22, 2010
09/10
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ben bernanke and his team are not ready to provide additional stimulus. one of weeks but remains jobs. >> the biggest problem in the economy is we have lackluster jobs growth. it starts at the small and medium business level. >> it would be a job creator but he has been rejected for financing banks. he is actually turning down work because they cannot afford to take it on. >> if is a very big product -- project that will pay us a lot of money we probably will not take it. >> the longest recession since the great depression last -- ended last june. life is still a struggle for many. the fed did everything to avert the depression. it seems the worst is over, but the economy is far from back to normal. the central bank remains mired in a challenge of how to restore growth and shore up a fragile recovery. >> a proposal to allow gay men and women to serve openly in the armed forces has been blocked. the commonwealth games -- a sports official defended his country's preparations after many described facilities as uninhabitable. politicians and environmental exp
ben bernanke and his team are not ready to provide additional stimulus. one of weeks but remains jobs. >> the biggest problem in the economy is we have lackluster jobs growth. it starts at the small and medium business level. >> it would be a job creator but he has been rejected for financing banks. he is actually turning down work because they cannot afford to take it on. >> if is a very big product -- project that will pay us a lot of money we probably will not take it....
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Sep 2, 2010
09/10
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federal reserve chairman ben bernanke testified that regulators must be ready to shut down the largest banking institutions if th threaten to bring down the nation's financial estimate. bernanke told the congressional commission investating the 2008 economic meltdown that bailing ou failing banks or investment firms is no longer a viable soluti. he says the meltdown was triggered in part by investment and banking schemes that are too complex for regulators to understand. >> our bank regulatory system was decide for a financial system a that's where it came from. all these non-bank acvities grew, we the country was not sufficiently proactive in establishing a regulatory framework toncompass all those aspects. >> the financial crisis commission is issuing its final report in december. >> the face-to-face peace talks in washington between palestinian leaders are going so well they're agreeing to a second round. form senator george mitchell says the next session will take place in the middle east in two weeks and then every two weeks thereafter. john hendron reports. >>> today president ob
federal reserve chairman ben bernanke testified that regulators must be ready to shut down the largest banking institutions if th threaten to bring down the nation's financial estimate. bernanke told the congressional commission investating the 2008 economic meltdown that bailing ou failing banks or investment firms is no longer a viable soluti. he says the meltdown was triggered in part by investment and banking schemes that are too complex for regulators to understand. >> our bank...
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federal reserve chairman ben bernanke testified that regulators must be ready to shut down the largest banking institutions if they threaten to bring down the nation's financial estimate. bernanke told the congressional commission investigating the 2008 economic meltdown that bailing out failing banks or investment firms is no longer a viable solution. he says the meltdown was triggered in part by investment and banking schemes that are too complex for regulators to understand. >> our bank regulatory system was decide for a financial system and that's where it came from. all these non-bank activities grew, we the country was not sufficiently proactive in establishing a regulatory framework to encompass all those aspects. >> the financial crisis commission is issuing its final report in december. >> the face-to-face peace talks in washington between palestinian leaders are going so well they're agreeing to a second round. former senator george mitchell says the next session will take place in the middle east in two weeks and then every two weeks thereafter. john hendron reports. >>> tod
federal reserve chairman ben bernanke testified that regulators must be ready to shut down the largest banking institutions if they threaten to bring down the nation's financial estimate. bernanke told the congressional commission investigating the 2008 economic meltdown that bailing out failing banks or investment firms is no longer a viable solution. he says the meltdown was triggered in part by investment and banking schemes that are too complex for regulators to understand. >> our...
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Sep 16, 2010
09/10
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and february of 2009, ben bernanke says i have an infinite supply of money, we'll pretend this crisis never happened and move on. you say. that the reality is they've done exactly what you said they shouldn't have done. >> well, we can second guess forever about what -- >> not second guessing, the system is still in place. >> december of 2009, i'm not sure radical rethinking, perhaps, was going to get done at that moment. >> but decisions were made at that point to recess everything, cover it up and move on and pretend nothing ever happened. in other words, while there wasn't a big renovation there, if the decision in 2009 by our political leadership was we don't have a problem, we can just print the money, we'll tell rat i began and the boys to shut up and you're saying we have to restructure this place, the government doesn't agree with you. >> well, the government -- i would argue that the government in '08-'09 was trying to put out the fire. mistakes were made. and that's what i'm talking about. once the acute crisis was over, that was the time to start talking differently and sta
and february of 2009, ben bernanke says i have an infinite supply of money, we'll pretend this crisis never happened and move on. you say. that the reality is they've done exactly what you said they shouldn't have done. >> well, we can second guess forever about what -- >> not second guessing, the system is still in place. >> december of 2009, i'm not sure radical rethinking, perhaps, was going to get done at that moment. >> but decisions were made at that point to...
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Sep 2, 2010
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. >>> looking ahead, later today, fed chief ben bernanke appears before a panel investigating the financial crisis, giving his take on the meltdown and the risks still posed by large financial institutions. >>> and finally, scandinavian airline sas will host the first-ever in-flight gay wedding. sas is accepting entries from gay couples who want to celebrate their nuptials midflight from stockholm to new york december 6th. the winning couple will be chosen by online votes. keep an eye out for that. >>> manny on deck, a diamondback does it all and an ugly bench-clearing brawl. >>> plus, beating the heat yesterday was hard enough for plain old new yorkers, let alone u.s. open competitors. your early-morning sports headlines are straight ahead. >>> and the day before a hurricane hits, it's typically sunny and it's very hot. that's the forecast up and down the east coast before earl. your regional forecast is coming up. you're watching "early today." >>> good morning. if you're just waking up, this is "early today." and in sports, although he hasn't done anything yet, things have worked out wel
. >>> looking ahead, later today, fed chief ben bernanke appears before a panel investigating the financial crisis, giving his take on the meltdown and the risks still posed by large financial institutions. >>> and finally, scandinavian airline sas will host the first-ever in-flight gay wedding. sas is accepting entries from gay couples who want to celebrate their nuptials midflight from stockholm to new york december 6th. the winning couple will be chosen by online votes....
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Sep 23, 2010
09/10
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. >> listening to ben bernanke's speech, investors missed the optimism in the words of the chairman of the federal reserve. and that led shares to start nosediving until the end of this session. there was profit-taking going on, mainly driven by concerns that the u.s. economy might not be able to pick up again pretty soon, and that it may face further crises because the federal reserve said that it would take any measures if something like that would happen. while the dollar has been driven down, the bureau had a nice renaissance and went above $1.36 -- $1.33. >> we will stay in frankfurt for a closer look to the members. the dax index closed more than 1% lower, down at 60 to 08. euro stoxx 50 blue chips sinking by 1.5% to finish at 2752. at this hour, the dow jones closing of the top of the hour, finishing at 10,739, down to slightly. currency markets, the euro dreading this hour at a value of $1.3392. as we just saw, the hero is continuing to strengthen considerably in rapidly against the dollar as the u.s. recovery remains in question and the economic situation in europe continues t
. >> listening to ben bernanke's speech, investors missed the optimism in the words of the chairman of the federal reserve. and that led shares to start nosediving until the end of this session. there was profit-taking going on, mainly driven by concerns that the u.s. economy might not be able to pick up again pretty soon, and that it may face further crises because the federal reserve said that it would take any measures if something like that would happen. while the dollar has been...
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Sep 11, 2010
09/10
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so alan greenspan has been followed by a disciple named ben bernanke and there's been no change. ben bernanke is very insistent on the fact that the fed should not be audited, that have to maintain our independence, and god bless our country. alan greenspan is an interesting man because of the prompting of an american citizen and the philadelphia area years ago he got his congressman to finally go through the fed and say where are you giving authority to do what you're doing. the congressman could not answer the question so he went to the fed and the fed wrote back, alan greenspan wrote this letter back to the congressman transferred to the constituent who wrote it. the last part of it is so instructive here. because he said in a letter consequently well knows a government may emit bills of credit or make anything but gold or silver or legal tender in piven of debts which is accurate, the federal government is not limited in what may designate as legal tender. okay, now what he is saying there is if we are not prohibited from doing something we can go ahead and do a. that turns t
so alan greenspan has been followed by a disciple named ben bernanke and there's been no change. ben bernanke is very insistent on the fact that the fed should not be audited, that have to maintain our independence, and god bless our country. alan greenspan is an interesting man because of the prompting of an american citizen and the philadelphia area years ago he got his congressman to finally go through the fed and say where are you giving authority to do what you're doing. the congressman...
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Sep 3, 2010
09/10
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federal reserve chairman ben bernanke has called for tougher regulation and monitoring of major banks to prevent another financial crisis. the central bank chief testified before the financial crisis inquiry commission at congress on thursday. bernanke said one lesson learned is that huge financial institutions need to be controlled more strictly as they are considered to be too big to fail, their collapse could lead to a breakdown in the financial system. he urged a rigorous implementation of the revised financial regulations that were enacted in july. the new rules are aimed at preventing moral hazard. that's when banks engage in risky lending or nichlths and then rely on public bailouts if they fail. bernanke rejected comments that the federal reserve's low interest rate policy triggered the crisis by creating a housing bubble if the first place. he said hiking interest rates could have led to deflation and other side effects. now back to catherine. >> thanks very much, ines. >>> a japanese research team says it has succeeded in using ips cells to grow a rat's pancreas in a mouse.
federal reserve chairman ben bernanke has called for tougher regulation and monitoring of major banks to prevent another financial crisis. the central bank chief testified before the financial crisis inquiry commission at congress on thursday. bernanke said one lesson learned is that huge financial institutions need to be controlled more strictly as they are considered to be too big to fail, their collapse could lead to a breakdown in the financial system. he urged a rigorous implementation of...
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Sep 30, 2010
09/10
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. >> reporter: good morning, we begin your moneyscope report with federal reserve chairman ben bernanke back on capitol hill. the fed chairman will tell lawmakers today that the central bank is working closely with other regulators to implement the financial overhaul rules. >>> new numbers show one in every four homes sold last quarter was in foreclosure. those homes sold at a deep discount, averaging 26% less than homes not in the foreclosure process. >>> jp morgan chase has put a temporary freeze on more than 50,000 foreclosures as it reviews documents that may contain errors. it will slow things down, but won't reduce the number of foreclosures. >>> pepsico chairman and ceo tops the list of the 50 more powerful women in business for the fifth straight year. . >>> that is your moneyscope report, i'm vinita nair. four years ago, bob ehrlich got fired as governor of maryland. for good reason. first, he protected tax loopholes for giant cable cable companies. then, he let utilities jack up our rates 72%. and for the last four years, he worked as a hired gun for big corporations, even a b
. >> reporter: good morning, we begin your moneyscope report with federal reserve chairman ben bernanke back on capitol hill. the fed chairman will tell lawmakers today that the central bank is working closely with other regulators to implement the financial overhaul rules. >>> new numbers show one in every four homes sold last quarter was in foreclosure. those homes sold at a deep discount, averaging 26% less than homes not in the foreclosure process. >>> jp morgan...
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Sep 22, 2010
09/10
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the markets are now factoring in we will see some kind of it but even ben bernanke has in the past raised concerns about whether this will work and he's been pretty open about the fact that we're kind of in unchartered territory for central banks and doesn't know what kind of impact this is going to have on the economy. is it going to fulfill two key mandates the fed has both price stability and job creation. elsewhere at the fed there are other -- there are further disagreements about this topic. some in the fomc are known to believe that we shouldn't be embarking on any more quantitative easing. he think this should only be done if there's really a great deal of deflation in the economy. so this is certainly something we'll continue to watch as we digest that news on the financial markets, we are expecting a slightly weaker start to trades on wall street this morning. willie, back to you. >> an father, thanks so much. the fed doing what it can. rates are about as low as they can go. still ahead on "way too early," still partying in the twin cities right now after the hometown twins beco
the markets are now factoring in we will see some kind of it but even ben bernanke has in the past raised concerns about whether this will work and he's been pretty open about the fact that we're kind of in unchartered territory for central banks and doesn't know what kind of impact this is going to have on the economy. is it going to fulfill two key mandates the fed has both price stability and job creation. elsewhere at the fed there are other -- there are further disagreements about this...
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Sep 2, 2010
09/10
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and, fed chairman ben bernanke testifies about his role in the bank bailouts at the financial crisis inquiry commission. >> susie: a new wrinkle for botox maker allergan. it will plead guilty and pay $600 million to settle charges that it sold the facial smoother by using misleading marketing. the justice department says allergan promoted botox for uses that were not approved as safe and affective. the drug is very popular. last year it racked up more than $1 billion in sales, for both therapeutic and cosmetic use. >> tom: forget about whipping out your visa card to pay for purchases-- put it on your phone instead. wells fargo is the latest bank to partner with visa on a new system to let customers charge with their smartphones. the new technology is aimed at developing what's called a "digital wallet," where a phone can do banking and other financial transactions. bank of america and u.s. bancorp are also in pilot programs with visa. look for the test systems to be up and running-- and charging-- next year. >> susie: a stunning statistic: americans now owe more money in student loan
and, fed chairman ben bernanke testifies about his role in the bank bailouts at the financial crisis inquiry commission. >> susie: a new wrinkle for botox maker allergan. it will plead guilty and pay $600 million to settle charges that it sold the facial smoother by using misleading marketing. the justice department says allergan promoted botox for uses that were not approved as safe and affective. the drug is very popular. last year it racked up more than $1 billion in sales, for both...
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Sep 22, 2010
09/10
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i won't take my money off ben bernanke. >> susie: let's talk a little about president obama's shrinking economic committee. christine roder has left and others. what does all of this mean in terms of economic policy going forward? >> i think what we're going to see is a real shift towards the middle in terms of although those were all excellent economists and i think very highly of them, but the administration needs to look more towards the business community. they need to give an olive branch to the business community. and the position that larry held was more often held by business leaders, and first held by bob ruben in the clinton administration than economists. so putting a business leader in there would not only be a an olive branch to the business world saying they're being heard, but also to the republicans having somebody who can message and communicate more, and try to do more cooperation on policy, rather than the lines and the sand drawn by both policies up noo until now. >> susie: if it is a business person, will the president really listen to him? will it make a difference
i won't take my money off ben bernanke. >> susie: let's talk a little about president obama's shrinking economic committee. christine roder has left and others. what does all of this mean in terms of economic policy going forward? >> i think what we're going to see is a real shift towards the middle in terms of although those were all excellent economists and i think very highly of them, but the administration needs to look more towards the business community. they need to give an...
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Sep 20, 2010
09/10
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what steps, if any, will fed chief ben bernanke and company take to help jump-start the struggling economic recovery when they meet tuesday on interest rates? they could lower rates or make other moves to stimulate the economy. but with recent upbeat data, including stronger than expected private sector job growth, most analysts don't expect major moves. still, positive comments alone could spark market confidence. >>> it's a big week ahead for readings on the state of the nation's housing market. new and existing home sales, along with new home construction, are expected to rise but look for both permits for future home construction and home prices to fall. >>> this week we'll also get quarterly earnings reports from companies such as bed, bath & beyond, discover financial, nike, and general mills. speaking of, general mills, the company refused to comment sunday on a report it's considering a $1.5 billion bid for the french yogurt maker yoplait, whose products it distributes in the u.s. elsewhere, no comment from gm, and the treasury department on reports gm is in talks with its current p
what steps, if any, will fed chief ben bernanke and company take to help jump-start the struggling economic recovery when they meet tuesday on interest rates? they could lower rates or make other moves to stimulate the economy. but with recent upbeat data, including stronger than expected private sector job growth, most analysts don't expect major moves. still, positive comments alone could spark market confidence. >>> it's a big week ahead for readings on the state of the nation's...
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bernanke has said several times what got the us out of the great depression world war. paul krugman has. basically suggest that recently tony blair in this interview that we started at the top of the show goes on to basically say we need to bomb iran because this country that has not invaded any other country for over two hundred years is somehow an x. essential threat however if you look at the history which were mimicking directly now they're hoping for a world war because the population is restless they're unemployed they're hungry and you've got to do something to change it well look my advice to iran as i've been saying to protect yourself against these psychotic warmongering psychos like cheney and obama he's certainly in the same group now trying to borrow fifty to one hundred billion dollars from goldman sachs or j.p. morgan as the first tranche of borrowing and try to up that to happen trillion or trillion as quickly as possible then obama and bernanke and the gang instead of bombing you don't want to bail you out because you be part of the club i made the same
bernanke has said several times what got the us out of the great depression world war. paul krugman has. basically suggest that recently tony blair in this interview that we started at the top of the show goes on to basically say we need to bomb iran because this country that has not invaded any other country for over two hundred years is somehow an x. essential threat however if you look at the history which were mimicking directly now they're hoping for a world war because the population is...
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Sep 24, 2010
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federal reserve chairman ben bernanke delivers a speech at princeton university. our friday "market monitor" guest is mark leibovit, chief market strategist at vrtrader.com. and we'll introduce a new, different take on the economy-- "ink-onomics" with david gillette. >> susie: abbott labs is recalling five million cans of its similac powdered baby formula. the reason-- contamination fears. there are concerns the product has bugs in it and could cause stomach problems. but abbott says the f.d.a. does not consider the suspected cans a serious health threat. abbott believes the recall will cost the company around $100 million in lost sales for the third quarter. >> tom: the senate budget committee voted to approve jacob "jack" lew as the obama administration's white house budget director. even though lew presided over surpluses during the clinton administration, getting the job won't be a slam dunk. he still must be approved by the full senate. late today, louisiana senator mary landrieu said she'll block his nomination unless the ban on deepwater drilling is lifted.
federal reserve chairman ben bernanke delivers a speech at princeton university. our friday "market monitor" guest is mark leibovit, chief market strategist at vrtrader.com. and we'll introduce a new, different take on the economy-- "ink-onomics" with david gillette. >> susie: abbott labs is recalling five million cans of its similac powdered baby formula. the reason-- contamination fears. there are concerns the product has bugs in it and could cause stomach problems....
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Sep 29, 2010
09/10
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. >> tom: here's what we're watching for tomorrow: fed chief ben bernanke and the f.d.i.c.'s sheila bair head up a who's who of banking regulators on capitol hill to talk about reforming wall street. we'll also see an updated estimate on second quarter g.d.p. and, sam stovall looks ahead to the fourth quarter. he's the chief investment strategist at standard & poor's. liberty mutual's initial public offering of a subsidiary was supposed to be one of this year's largest, but it was delayed indefinitely today. the insurer blamed the stalled economic recovery and volatile stock market. liberty mutual also said it's been unable to price shares of its liberty mutual agency as high as it would like. the company has planned to sell more than 64 million shares for between $18 and $20 each, raising more than $1 billion. >> tom: ambac financial group sued bank of america, accusing its countrywide unit of massive fraud. ambac says it lost nearly $17 billion by insuring mortgage securities that went bad. ambac says the home loans were made to borrowers who didn't have the means to repay
. >> tom: here's what we're watching for tomorrow: fed chief ben bernanke and the f.d.i.c.'s sheila bair head up a who's who of banking regulators on capitol hill to talk about reforming wall street. we'll also see an updated estimate on second quarter g.d.p. and, sam stovall looks ahead to the fourth quarter. he's the chief investment strategist at standard & poor's. liberty mutual's initial public offering of a subsidiary was supposed to be one of this year's largest, but it was...