It was in constant jeopardy of losing it matters. And i think in part that has something to do with how the town began. It began as an idea on a piece of paper. There were not People Living here when it was actually proposed that it would become the state capital. First the territorial capital and the state capital and it was this guy, he was a land speculator and he had invested in this land. The only people that were really living here or those around the lake shores and there were for traders that occasionally set up shop. But on the whole no one was living here. He comes through and he sees this land and says i think this can be a great town. So he hired someone to draw the boundaries of the town and presented it to the Territorial Legislature and said that this is it, this should be the capital of the New Territory and he really had to convince a lot of people because theres nobody living here at this time. So i think that has a lot to do with how he grew and hang on to his status
So they are willing to believe a smallscale operation whereby we raise money and we buy debt on the debt market very cheaply on the dollar and then we abolish it. And most recently we took out a great deal of student debt. And a lot of that is off the books. Host you target the kind of bet youre going to buy it to would view by anonymous that . Guest most of what we did was medical debt because it was the most morally clear case. No one should have to go into debt because they are sick and it can be full of debt collectors, murky people for the most part, so we had to figure out how to operate within the marketplace. But we started out with medical debt its very profitable. And theres also powers from the creditor that makes it very profitable. Plus, federal loans cant be sold on the secondary market. So it doesnt come out very often. Host would you teach at New York University . Urban studies and labor studies. Host what is the definition of creditocracy . Guest thats a good question.
That is the highest level since early june. For the week prices were up 1. 9 . Adam Global Markets in advance discussions to merge with direct edge. That would create the worlds second biggest market operator. Liz moodys threatening to downgrade several big Financial Firms saying the government will more likely let large banks fail. If moodys follows through it could lower ratings of names like goldman sachs, jpmorgan and morgan stanley. Adam are you ready for football . Ad slots for the 2014 super bowl are 85 sold out that is according to fox sports. 90 of the space is expected to be sold by the time the nfl season kicks off in less than two weeks. After the bell starts right now. Liz what a week of news flow this entire week. So much happened for the markets. Lets break all the action. Sandy lincoln bmo chief Market Strategist and Mark Sebastion in the pits of cme. Mark, to you first. We finish out a week with drama and trauma. Lets talk about the headline that you feel is most impor
Embassy. The state department is calling this a terrorist attack. The Associated Press is reporting that the u. S. Ambassador has told reporters there that a guard at the gate was killed. At least one turkish citizen has wounded. Theyre calling it a suicide bombing. Rescue personnel are at the scene. U. S. Officials here in washington are pressing to get more information. Pierre homegrown islamic terrorists have exploded bombs in istanbul before. Any claims of responsibility on this attack . Reporter no details on who might have done this. Intelligence officials are trying to get to the bottom of this. Lets bring in jon karl with the white house reaction to the embassy explosion. Jon, in the wake of the benghazi, libya, attack, lot of focus on security. Reporter no doubt since that, thats been a pair mount securing our embassies. This is one of the most heavily fortified embassies in the world. I have been there. There are several security points that you have to go to get inside the e
To fail. Griff good morning. Welcome back, jed. So good to have you back. Jedediah thank you so much. Thank you both. Good to see you both again. I have been watching from home. Its good to see you here. Pete its good to have you here. Jedediah and a big news day. Pete big news day in honor of you. I know you are a surfer this is my flip flop edition of fox friends. We can go if we need. To say. Griff see whats happened i have grown a billie ray sig cyr. Jedediah i have got the flat shoes on and leggings. We are all a team here and all on the same page today. Pete secrets of television. Griff, i have got to ask you are there at the swamp. I will mention it every day. And we love you for that will you talk about the biggest bill of all time . Thats a label you dont expect to hear often really or at all. Here we are massive 3 trilliondollar bill passing the house. Griff griff a reporters job is to offer some scrutiny. Let me do so now. Its not only just the largest bill. This was a bill