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so why do banks do it ? hello ? hello ?! if your bank doesn t let you talk to a real person 24/7, you need an ally. hello ? ally bank. no nonsense. just people sense. next week could be one of the most important weeks in the presidential race. next week in fact the european union is expected to announce major changes to its financial system, all in an effort to stave off the region s economic cris crisis. at the summit in mexico the president announced he supports the formation of a european banking union that would help the unstable financial systems. there s one major problem, germany. angela merkel is not on board with an integrated banking system and against a big stimulus for struggling kunt countries. what the eu decides could have an effect on the election. let me read for everybody exactly what merkel said at the press conference, that a stimulus program could not be repeated and that president obama agreed with her and then she said this, the american preside ....
good evening. i m erin burnett. outfront tonight, america s drug addiction. it s not cocaine. it s not heroin. it s not even bath salts. we re addicted to ben. we want more ben and we want him now. but tonight, the truth. there s not enough ben for america. more ben is bad. i m talking, of course, about this ben, fed chair ben bernanke. today he announced he ll continue so-called operation twist. the goal is to bring down interest rates. theoretically that would spark borrowing, spending and hiring. it would be a panacea to fix the whole problem. but even ben admits his supply of money is drying up. monetary policy is not a panacea, it s not going to solve our economic problems. the fed fed s drugs didn t come cheap either. tlfen three rounds of fed stimulus with a total price tag of $2.7 trillion. and that doesn t include the $267 billion extension to operation twist that was announced today. so the question is, were the highs we got worth the price of $2.7 trill ....
well, with the highlight really of the morning has been testimony called by the defense of two pennsylvania state investigators who work order this case. one of them is now retired. the defense grilling them over their techniques in how they questioned alleged victims in this case. in particular, they concentrated on one, accuser number four. and the defense was suggesting to the jury that these investigators were in essence telling the victims what to say. encouraging them. tainting them by talking about what other victims alleged victims may have said. the defense attorney saying at one point they referred to an audiotape of accuser number four in which the investigator is heard saying that you are doing well, saying words to the effect of you we are hearing very similar things, sometimes word for word from other alleged victims in this case. and, in fact, after at one point told them we also heard others talk about actual oral sex. the investigators who were test ....
p.d. officers. for the first time since the beating, he went back to the scene to relive that hellish night. here now is that interview in the cnn documentary race and rage, the beating of rodney king. what do you think when you see it? stay alive. i knew that i had to survive this. like that, with my hands up. no threat. this was a lynching on video. we, the jury, in the above entitled action find the defendant i think the verdicts lit a match. the tinder was already in place, very dry. are you able to forgive those cops? have you let those demons go? did you hang onto the money or did you throw it away? can we can we all get along? can we get along? march 3rd, 1991, 25-year-old rodney king is thrust from obscurity to a national symbol of police brutality. the brutal beating that took place here along foothill boulevard in los angeles, california, would reverberate across the country. a city in flames. entire neighborhoods burned to the ground. no ....
reporter: good morning, soledad, negotiations under way in the parliament building behind me here in athens to try to forge some type of coalition. the party that won the election yesterday, new democracy led by samaras, didn t get an absolute majority, only got 129 seats and needs 151 in the parliament to have a majority. so negotiations are continuing. he s got three days to try to bring together some of the other parties as well into a coalition. it s going to get greece out of this political and economic stalemate. the big point from the u.s. point of view and global point of view, samaras, the new democracy, supports the aus t austerity measured imposed on greece and not going to turn its back on its financial commitments and will for the most continue in the european single currency. big sigh of relief because of that. very big deadlines looming. matthew, thank you very much. still ahead, i ll talk to ken rogoff, the former head of the international monetary ....