right. z zain, too from american standpoint, we have americans with us of course, what happens in europe matters in the united states. europe s the biggest trading partner. it s all interconnected now. yeah. absolutely. there are huge protests in the streets just to show you how people are riled up. but emphasize this could never happen in the u.s. the fdic insures deposits. in cyprus they have guarantees as well but willing to override the law because of the dire straits they re in. the u.s. has the authority to borrow money or literally print money. in cyprus it s not that simple because they re part of the eurozone. so they don t have that kind of economy. they have to lean on the shoulders of the ecb. it does seem to be relatively contained over there. zain, jim, thanks so much to both of you. appreciate it. heers more here s more of what we re working on this hour for around the world.
banker. i want to show you, we have a modern day mr. potter. it s ben bernanke. he runs the fed. a run on the bank mr . potter wants the help. run on the bank. collapse of the system mr . bernanke wants to help. he is willing to bail the building and loan out. willing to bail the u.s. banks out. town folks lose money because of his help. citizens, you, lose money because of his help. the goal, control of the town. you ll have to figure out what ben bernanke s goal is. people panicked. they panicked. they said they are not going to get their money. so there was mr. potter, if you remember, offering 50 cents on the dollar. did you get your money? no. well i did. old man potter will pay 50 cents on the dollar for every share you ve got. fifty cents? yes. cash. cash? glenn: they all turn around. even though potter was ripping
banker. i want to show you, we have a modern day mr. potter. it s ben bernanke. he runs the fed. a run on the bank mr . potter wants the help. run on the bank. collapse of the system mr . bernanke wants to help. he is willing to bail the building and loan out. willing to bail the u.s. banks out. town folks lose money because of his help. citizens, you, lose money because of his help. the goal, control of the town. you ll have to figure out what ben bernanke s goal is. people panicked. they panicked. they said they are not going to get their money. so there was mr. potter, if you remember, offering 50 cents on the dollar. did you get your money? no. well i did. old man potter will pay 50 cents on the dollar for every share you ve got. fifty cents? yes. cash. cash? glenn: they all turn around.
u.s. stock markets opening lower this morning. here is where the numbers stand now, an hour after trading began. the dow down about 31 points, s&p down 3. the nasdaq close to where it started down 7 points so far today. meantime euro gained on the dollar yesterday, but it s also losing steam on concerns this trillion dollar fix may not be enough. a senior analyst with investment site, the motley fool. he s joining us now. the trillion dollars, why is that not enough to solve this problem. well, it goes a pretty long way. ecb needed to step out and tell people they had the liquidity to support these countries. countries with faults of banks, where there s talks of a run on the bank, the bank gets run out. getting out in front of these fiscal messes, portugal in