on whether there is a huge government rescue for institutions that are in deep and if it does not materialize they have a huge problem. guest: it is true, you make a good point. clearly the role of government here is what is in question. as a result, as we mention in that political cycle, the r re of government is being reever value reevaluated. if you have a disaster you hope fema is there but no one wants to pay for it. that is the issue. in europe right new they are on the edge of a disaster and they may not be close enough to germany and france but they are there for greece. neil: how close are we, larry, to greece, for example? everyone says there are a lot of big money centered banks in the united states heavy exposed to greece and they only need to be exposed a little to have an effect. guest: the debt downgrade was a shot but a wake up call
verizon. look at all this stuff for coffee. oh there s tons. french presses, espresso tampers, filters. it can get really complicated. not nearly as complicated as shipping it, ough. i mean shping is a hassle. not wh priority mail flat rate boxes from the postal service. if it fits it ships anywhere in the country for a low flat rate. that is easy. best news i ve heard all day! i m soooo amped! i mean not amped. excited. well, sort of amped. really kind of in between. have you ever thought about decaf? do you think that would help? yeah. priority mail flat rate shipping starts at just $4.95, only from the postal service. a simpler way to ship. neil: finally, here is where the occupy wall streeters got it right. call tammism is all wrong capitalism is all wrong but not for the reason they re ranting. take a look at what these days gets on their mind. government rescue. just talk, just talk to the europe leaders might be on a
prevent greece from defaulting, and, that is a government rescue. reporter: a government rescue and the financial world is hit critical, we say we do not like rescues but we are talking about rescuing banks. we put a human face on it and say the people of greece. neil: but it is a pattern. not that long ago china was rumored to buy italian debt, but it was proven to be italian companies and the markets soared and we celebrated a communist country saving our bacon. reporter: wall street wants this can kicked down the road. look at the continuing resolution last night. that kicks our can down the road a month. so we back at it in november. that was one of the reasons for the rally this morning. if they can push in even if it is roll willing it rolling it down, it will be a threat down the road, that is the way it
years in prison. vinita and rob? two of disgraced financers bernie madoff s long-time office workers are waking up in jail this morning. annette bongiorno was arrested at her florida home yesterday. joann crupi was taken into custody in new jersey. both are charged with helped madoff carry off his massive ponzi scheme and lining their own pockets with millions of dollars. they face up to 20 years in prison. the attorney for a seattle teen known as the barefoot bandit says he is negotiating a plea deal with prosecutors. colton harris-moore is accused of more than 70 crimes, including leading police on a cross-country chase in stolen cars, boats and planes. his attorney says profits from potential books to movie deals to help compensate victims could figure into that possible plea deal. when general motors stock begins trading this morning it will cost $34.19 a share. that s up from $33 when it hit the market yesterday. because of that increase, most analysts call gm s governmen
1 in every 111 homes is in some stage of foreclosure, chris. all right, so, i guess the big question that i have and i think a lot of people have when you see these polls and people have come to the conclusion that you lose your job and money s tight and you just walk away, that s what you do. what are the implications for basically the rest of the people who pay their bills? yeah, are the people who are staying in their homes suckers, is the question. that s a good way to put it. well, that s really the question because i asked richard, he s an attorney and deals with foreclosures all the time and he deals with this all over the country and he raises the question and i think it really is. so you stay in your home and you pay your taxes, so, now, you re paying more in taxes because the home next door is not and the government needs to function. you re paying your mortgage, so your mortgage is costing you money, but the bank, because the bank is having trouble gets that governme