on. that s one clue that there might have been a problem. shep: i know that all the stuff going on overseas was part of the markets today. was this part of the market drop as well? i doubt it. it came late in the day. i m not sure people were paying a lot of to say it. what s more, a loft these suits have been filed by the u.s. attorney, filed five of these suits, three settled. hundreds of millions of dollars going to taxpayers. now you might be wondering how wells fargo did today as the stock. not so hot. down 70 cents or 2%. so i think people have heard a lot about this coming out. they re kind of expecting it and so you don t see a huge selloff on the news. shep: when you ask the bank, they haven t done anything wrong. absolutely. shep: neither have we. that s right. we re perfect. shep: thanks so much. folks in california now have to deal with a fourth straight day of record gas prices. the cost of a gallon of regular unleaded only inched up by a fraction of a cent.
of may. that s the biggest monthly loss in nearly a year. in case you were thinking that europe s crisis was their problem and your eyes glaze over when you hear about it, this is the wake-up call. america s 401(k)s are losing value thanks to greece and spain. why? well, because if and when greece drops the euro, it s a little domino with a lot of punch. next comes spain, portugal, ireland, maybe even italy. they could all fail. and that means the breakup of the world s biggest economy and america s biggest trading partner. it means at least tens of thousands of american jobs will be lost. this is the scene in greece now. destitution and riots. suicide has surged. just today a 61-year-old man left a suicide note. his name was alexanderos. he hung himself in a park in suburban athens. he said, quote, greece will be wiped off the map and he hoped his grandchildren wouldn t be born there. the personal toll is tragic and it s a terrible fall for something that was supposed to cur
in case you were thinking that europe s crisis was their problem and your eyes glaze over when you hear about it, this is the wake-up call. america s 401(k)s are losing value thanks to greece and spain. well, because if and when greece drops the euro, it s a little domino with a lot of punch. next comes spain, portugal, ireland, maybe even italy. they could all fail. and that means the breakup of the world s biggest economy and america s biggest trading partner. it means at least tens of thousands of american jobs will be lost. this is the scene in greece now. destitution and riots. suicide has surged. just today a 61-year-old man left a suicide note. his name was alexanderos. he hung himself in a park in suburban athens. he said, quote, greece will be wiped off the map and he hoped his grandchildren wouldn t be born there. the personal toll is tragic and it s a terrible fall for something that was supposed to cure all the continent s ills. the euro was supposed to unite euro
in nearly a year. in case you were thinking that europe s crisis was their problem and your eyes glaze over when you hear about it, this is the wake-up call. america s 401(k)s are losing value thanks to greece and spain. why? well, because if and when greece drops the euro, it s a little domino with a lot of punch. next comes spain, portugal, ireland, maybe even italy. they could all fail. and that means the breakup of the world s biggest economy and america s biggest trading partner. it means at least tens of thousands of american jobs will be lost. this is the scene in greece now. defendant contusion and riots, suicide has surged. just today a 61-year-old man left a suicide note. his name was alexanderos. he huck himself in a park. he said, quote, greece will be wiped off the map and he hoped his grandchildren wouldn t be born there. the personal toll is tragic and it s a terrible for something to cure all the ills. the euro was supposed to unite europe after suffering thro
bill: thanks for staying with us. i m bill o reilly in the lowe s the boss segment tonight. the stock market dropped 738 points. sixth biggest weekly point loss in history. now some pundits are saying, financial armageddon right around the corner. here now fox business anchor lou dobbs, usually a voice of sanity in these situations. all right. first of all, why did the market drop so much? it dropped because people are losing confidence, bill. not only in this country. not only about political leadership but business leadership. we are seeing in this country a loss of faith. bill: we have been seeing that for six months to a year. why this week? what set the fuse? amongst the things setting the fuse, the federal reserve that no longer talks about downside risks that always in every market. ben bernanke chose to refer to significant downside risk. bill: bernanke gets out, all right. and he says well, the stock market may tank, is that what