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Basically capital, amount of capital that the banks have to keep on the balance sheet. that s a huge, huge difference in the way that the banks m operate. it will make them less profitable. the idea is to cut down on risk. the question is did they go too far, did the pendulum swing too far in regulation? a gregg: in fact, banks are so unpy about the plan, some of them at least, they claim could end the global economic recovery, that is tentative at best. bottom line, they not as willing to lend. lending at this point is the only way we are going to jumpstart the econy. they will be less profitable. the european banki community said that it would keep europe in recession until 2014. ....
People are still missing.ns questions still remain about the safety of the pipeline causing a huge crater. that section was given a high risk classification bay a state commission that had conductedtr audits on the stretch that ran underneath all those homes.id many residents say they had no idea it was there. according to the local power company, that pipeline was put through what is called a gas leak assessment back in march and more thorough inspection last november. the n.t.s.b. is leading t federal investigation into what cause this disaster. gregg, i can tell you the answers will not come quickly. in fact the n.t.s.b. says the final report on the cause may not bed completed until the end of next year. gregg: claudia, live at the scene. thank you. julie: iran can shanging its mind again, after calling ....
They will make sure it s safe to turn on the power and restore pilot lights. things like that. they will meet with those homes who were destroyed and give them special assistance including crisis counselli to help them get on their feet. 3-1/2 gays after the disaster, the officials still can t sayor sure how many people were killed. and how many are missing. the death toll stands at re four. remains were found overnight. forensic testing wereone to help identify the remains and five pple are unaccounted c for. investigators continue to focus on that sharp section of transmission pipes that exploded and landed on the street after causing a crater. according to a state regulator it was high risk due to the proximity to so many homes. many residents say they had no idea the pipelin was even there. you now the area around the crater is a crime scene and the probe a criminal investigation. well, they have to find the cause of the explosion ....
T happen to snus we have no idea who is supporting the cuts, who isot supporting the cuts. so it s the uncertainty that is the issumae. julie: if the obama administration is recognizingt that the unemployment elevate going to stay where it is for quite some time, obviously they want to get the message across before november. esehner says the top 3% we with would term small businesses and you don t want t punish these people, that spending should be cut to 2008 levels which would be 20% reduction. how could letting the small taxs cuts for small business owners expire affecthe the economy? the democrats say it on would cause some $700 billion of the 4 trillion that extending ald dlle cuts would do. there is that issue that it might cost money. in fact, tax revenues increased after the bush tax cuts.u ....
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