there. donald trump introduced this into the issue. i gave him credit for the entire time. donald trump is very explicit about the fact we re not dealing with china. it s nice to see mitt romney there and the president also. and it s nice to hear from the secretary of the treasury at the gathering of power in z switzerland. it was hard to pull us down here. it s difficult. but you guys make it look good. thank you for coming down. after this, connecting the dots on america s credit casino and why that is a bet we can no longer afford to make. when you have tough pain, do you want fast relief?
election, the bottom fell out on wall street as the credit casino was exposed for the fundamental fraud that it is. it was ultimately resolved with accounting changes that made it go away and some money printing, but at the same time, we have not restructured our banking system and find ourselves barreling right towards a similar fate in 2012, this time centering out of what happened here being something that catalyzed itself out of western europe. you remember the euro debt deal that was recently announced is not a crisis averted, it is a crisis delayed. for more now, as we bring in our friday specialist, friend of the show and friend of mine in general, a pleasure to see you, bill. nice to be here. her name is krystal ball. i would like to have one of those. so i would love to ask krystal what 2012 will bring. i suspect in this particular instance that you also have no idea, but that you can help us figure out what we should be
frequency trading and the credit casino. the same thing exists in the energy markets. the same thing exists when it comes to military defense. how can any politician, democrat or republican, look america in the face and tell them we need to cut your health care when those very same politicians are doing backroom deals with drug companies, refuse to have a public option, and are perpetuating a health insurance monopoly? you know, you do that in the wrong house and the wrong country, they ll smack you. i agree with you. but to some degree, many of your colleagues in the media are buying into this by calling pawn ryan s plan, visionary and honest and adult conversation when in fact it s really a shell game. ask owl paul rine what is going to happen with all of the people who are uninsured in his plan. ask what happens when you shift costs back to states and localities, whether it s saving money or just moving it. ask what happens when you say to individual senior citizens you re on your
had houses in the first place. that stands in the way of lenders dealing with people who may be unemployment, where you with work things out. you know as soon as they get the job, that is money good again. so instead of trying to deal with the government mucking up the housing market, even today, if you have a good score, good job, put 20% down, it s hard to get a mortgage, because they have mucked the system up, so stand back and let the thing work out. then in terms of creating jobs. let s to be on jobs for a second. you not only will have a housing problem, a cops problem, a teachers problems, a retirement problem, a country problem if you don t have jobs. you cannot run a credit casino. a virtual spiral downward. so you have a stable dollar so people can invest again. they don t. they can do that overnight. we ve done it before. democrats have bill clinton had a strong dollar, so this isn t a new thing. then in terms of obamacare, that
official. how badly have the pensions been ripped off by the speculation in the credit casino from the banks? the image is pretty serious. that s a great opportunity for the attorney general s office to work with a different pension across the country and new york particularly. yes. i have to get out of there. is there a reason they ve not been able to file lawsuits against the banks? i think some have. they should. they need a champion. that is potentially the attorney general s office. there s a very natural partnership that should be pursued. i totally agree. if you get elected, bring these with you. eric denallo running for attorney general here in new york. intimately familiar with the dynamics in the financial industry that is plaguing our entire country. coming up on hardball. was that a little bob marley