gubernatorial campaign but rick perry and phil gramm go way back. perry was a student at phil gramm s texas a&m university who was an economic student for him and a sourcer for the story who said he literally worships at phil gramm s feet economically. so this goes very, have been far back. they re very close. but of course there s an awful lot of money involved in it as well. so the underlying message, i think, in this story is in the big picture, wall street is really going to like rick perry. can we draw that conclusion? i mean this guy s willing to do deals so big financial firms and banks can haul in a ton of dough. that s what i m taking from your story. in guy will be wall street friendly if he s ever given the opportunity. fair enough? just about the only thing that s clear from this deal that phil gramm concocts is that he and ubs will make a lot of money very quickly. it s not really clear people who actually buy these bonds are going to do and it s really not clear how t
lot of money on campaign contributi contributions. he gave hundreds and thousands of dollars to rick perry s gubernatorial campaign but rick perry and phil gramm go way back. perry was a student at phil gramm s texas a&m university who was an economic student for him and a sourcer for the story who said he literally worships at phil gramm s feet economically. so this goes very, have been far back. they re very close. but of course there s an awful lot of money involved in it as well. so the underlying message, i think, in this story is in the big picture, wall street is really going to like rick perry. can we draw that conclusion? i mean this guy s willing to do deals so big financial firms and banks can haul in a ton of dough. that s what i m taking from your story. in guy will be wall street friendly if he s ever given the opportunity. fair enough? just about the only thing that s clear from this deal that phil gramm concocts is that he and ubs will make a lot of money very quick
you can t let ubs fail if, you know, citigroup is in for them for hundreds of billions of dollars but ge, did they really need bailout, goldman sachs, did they need to tap this line? how about foreign auto companies? the system got abused is part of the problem. martha: absolutely. i don t think there s too much argument about that. eric, thank you very much. fascinating stuff that we re still learning about. you can followle follow the money with eric bolling, fox business network, every monday through friday night,sy prime time on fbn, times on your screen there, folks. you can see eric pretty much all the time on tv! bill: more developments on the wickileaks scandal. julian assange want sweden on rape charges, a spokesman from wickileaks saying this about his whereabouts. we were just talking about security, you think about the threats that we ve heard against our people, and against julian at this
about the security situation in congo is that s your morning dish of scrambled politics. the dow saw its first back-to-back triple digit gains in five months tuesday. that was amid optimism that a deal will be reached on the fiscal cliff. today investors will be watching for fresh housing data and earnings from economic and holiday bellwether fedex. this morning, swiss banking giant ubs announced it will pay a record $1.5 billion fine over its role in a global interest rate fixing scheme. in the wake of the newtown massacre, cerberus is selling its majority stake in bushmaster firearms, the rifle used in friday s school shooting. mark zuckerberg is making good on his promise to donate the majority of his wealth to charity, donating 18 million facebook shares worth about $500 million to the silicon valley
the clients question how on earth one guy may have been able to lose so much money. gerri willis is with us for her two cents. where is this investigation? i have not been able to figure out what he did? gerri: that is what we are waiting to see. he was a trader and we are waiting to see what exactly he did but he is now represented by the same attorney that represented the fellow that brought a bank go out of business, a $1 billion plus deal. and the other thing happened, his boss resigned. also interesting, this could be bigger than one fellow and the authorities teaming up to do their own investigation, obviously, a civil investigation, not an investigation in the courts. we have what is going on in the courts and what the regulators are doing, wiping out ubs profits and guess what? people at ubs will not be many