a big effect on the europeans banking system, european banks are holding all of that debt we talked about that greece owes, so think of the potential impact, a lot like the collapse of lehman brothers, just multiplied several times over. many times over. it s one thing for a bank to fail and have an enormous impact. we saw that here in the united states. think about a country, a country failing, whether it s greece or portug portugal. and could be more than one country, too. there s a whole group. if they fail, think of the spill jon not only in europe, but in asia, here in the united states as well. there s a lot of nervous folks on wall street watching the violence in greece. all right. thanks very much. good explanation, lisa. all right. it s an exclusive, catherine has now obtained new photos of the connecticut house once owned by the times square bomb suspect fassel shahzc
deregulating wall street. the russian roulette with the american people s money that the wall street guys were playing and that s what caused this pressure in america. i suspect that s probably what s behind the thing overseas, but i don t know. mary, i ll give you the final word. that economy that president clinton enjoyed was the result of reaganomics and when we get back to reaganomics, we will get out of the recession that we re in, and when we got when we picked up from the clinton administration we had a recession, so we can keep going back all the way to the beginning of time, but every president has to deal with what he gets and president clinton was very lucky to have followed reaganomics. mary and paul, guys, thanks very much. jack cafferty is asking a good question. he s got your e-mail when we come back. and we re tracing the times square bombing suspect s trail in pakistan. our senior international correspondent, nic robertson, is in karachi right now. and he s
christmas day underwear bomber. had bombs on them. they were incompetent and didn t set them off. in both times concerned citizens moved. in the first case, throw blankets on him on the airplane and in the second case to identify the smoke coming out of the vehicle. the law enforcement efforts were very good. they tracked down shahzad, and the one of the biggest mistakes that the department of justice, which is now running intelligence, has made in both cases, they mirandized him. they told him they told both of them they didn t have to talk, and they were entitled to a lawyer. but eric holder said this guy is talking. they re fortunate, because most most suspects when you tell them that will stop talking. okay. he s lucky. well, why won t he share what he s saying with us? that is, i think, anybody in the intelligence community will tell you, when you get a suspect who knows how the terror ring
underwater look at the gulf oil well. our brooke baldwin is on the front line as the crude washes up on some of the region s most sensitive wetlands. and we re also tracking the money trail in the times square bomb plot. where did the suspect get the cash for the bomb, the car, and his plane ticket. touch of cranberry and cheese. finally it s all come together. healthful life from purina cat chow. yes, healthy can be delicious. absolutely! i have a lot of stuffiness at night. it wakes me up. i have allergies. you re right. i m getting more air. -oh, yeah. -oh, wow! [ female announcer ] for two free samples, go to breatheright.com.
let s get back to one of our top stories. a senior u.s. official now says there are new leads that show that the times square bomb suspect, faisal shahzad, did likely get training in pakistan. u.s. investigators there have questioned men suspected of ties to a pakistani militant group, and they re continuing to connect the dots here in the united states. the attorney general, eric holder, says the suspect is still cooperating. let s talk about this with republican senator kit bond of missouri, he s the vice chairman of the senate intelligence committee. senator bond, thanks very much for coming in. always a pleasure, wolf, good to talk with you. how big of a deal is this faisal shahzad, based on the briefings that you ve had with top law enforcement, intelligence officials in the administration? regrettably, we have had almost no information from the intelligence community. i had a brief ten-minute conversation on tuesday. we have tried to follow-up and