subway system they have been building for 40 years. do we need more of this? we don t necessarily need more of this. going a back to steve s point, public private partnership, it takes a certain amount of money and spending from the government actually i think we need to be spending money on infrastructure maybe more smart than the examples. if you look at infrastructure spending when it is done correctly it gives you a bang for a buck. it can create economic and job growth. countless studies a recent one from the san francisco federal reserve that show this. down the road you see less air pollution and less health care. dave: so many times you see delays on projects and corruption where local contractors try to get as much as they can out of the government. is that ever going to change? no, it s not going to change. when rick unger says we have an
that, but you can point to positive examples where infrastructure spending has done good. salt lake city is a good example. and also one of the strongest job rate growths. the transportation has a direct link to that. utah is low tax republican state. come on. it is. new york and san francisco and chicago with the corruption and the public employee unions, forget it. dave: how many of these light rail programs to fuel efficiency very few, right? i come from southern california and they are never used at all. when we talk about infrastructure, yes, we have an impressive national highway system, but the unseen is how much more cheaply it would be built today if we left this to private profit motivated
the lenders are giving loans to people that are going to default and be repaid by taxpayers. this is scheme by federal government to redistribute wealth from higher earning people that pay higher taxes to lower income people. that is all the is. dave: one of problems is we have so many federal agencies involved. we nationalize fannie and freddie. as i mentioned all these programs that the treasury department started. how do you untangle the bureaucracy? you let them expire and privatize fannie and freddie and hfa and fha. politicians will raise it that is what you see with deposit insurance. you have to get them out, period. dave: if that happens, will there be people whose loans are in the process of modification who are kind of stuck in the middle, who fall in the middle?
off. it s worth exploring. this is best idea bill gates has done since windows. the average college graduate has $23,000 worth of debt. they are delaying childbearing, buying a house and having a family because they have to pay off all this debt. this is fantastic idea. if you can get a loan and that is what is pushing the prices. eric: you don t like this idea? the answer that we re giving free money to our kids. we get the kids locked in into four-year schools and then they say you have to get more money. someone will have cheap $10,000 degree and everybody else suffering. there is another one, another law of unintended consequences. when you gave everyone that wanted, gave them a loan for home. we had massive loan default. is it going to make the college
from investors during the ipo process. now, specifically they are talking about forecasts that revenue would be lower in 2012. facebook tells cnn, by the way, that the lawsuit is without merit. ron is a former s.e.c. investment attorney. henry blodgett, ceo of business insider, a website. back in 2003 henry settled a civil securities charge with s.e.c. he was banned from the securities industry. he s a good friend of our show. henry, i say this because it s relevant to our discussion. you probably know more about this now than most people do. unfortunately. if no laws were broken, no regulations breached, and it s quite possible that s the case, this still has some kind of stink that makes investors think the system is stacked against them. that s right. this highlighted a set of rules that really are grossly unfair to individual investors. it was similar in my case. when i got in trouble analysts working closely with bankers and ipos after the dot-combust. that s ludic