i spoke with treasury secretary timothy geithner about the plans the president announced this week to spur business innovation. >> i think they can make a very powerful impact. the first order of business is for congress to come and pass this set of very important tax breaks for small businesses. so they can start to hire people back again. once again, be the engine of job creation in this country. second thing, congress can extend the tax cuts that go to middle-class americans so they know today their taxes are not going to go up. those two things themselves are the most important things he can do right now. as you highlighted, you heard from the president today we want to work with congress to put in place a set of additional incentives to encourage investment not just in research and development in the united states but here today and start to rebuild america's infrastructure as well. those things are very important to long-term growth by reenforcing investment today, we can help make sure we're digging out of this hole much more quickly. we put americans back to work much more qui

from whence all of these banking crimes start don't repeat history so this is timothy geithner who oversaw the whole collapse of the u.s. banking system but let's look at the situation overall in america where they stand now after their banking collapse where nothing has been done to. pursue the banking criminals u.s. poverty on track to post record gain in two thousand and nine the number of people in the u.s. who are in poverty is on track for a record increase on president barack obama's watch with the ranks of working age poor approaching one thousand nine hundred sixty s levels that led to the national war on poverty well geithner is saying is completely incorrect in his assessment of the problem and his remedies are completely counterproductive he believes that he can keep flooding the system with more money credit and that they're going to fake it until they make it that some point if they keep flooding the system with more of this fake debt based money that it'll catch a big ride up on some new fangled technological innovative swing in g.d.p. and that they're going to be able to pa

from whence all of these banking crimes start don't repeat history so this is timothy geithner who oversaw the whole collapse of the u.s. banking system but let's look at the situation overall in america where they stand now after their banking collapse where nothing has been done to. pursue the banking criminals u.s. poverty on track to post record gain in two thousand and nine the number of people in the u.s. who are in poverty is on track for a record increase on president barack obama's watch with the ranks of working age poor approaching one thousand nine hundred sixty s levels that led to the national war on poverty well geithner is saying is completely incorrect in his assessment of the problem and his remedies are completely counterproductive he believes that he can keep flooding the system with more money credit and that they're going to fake it until they make it that some point if they keep flooding the system with more of this fake debt based money that it'll catch a big write up on some new fangled technological innovative swing in g.d.p. and that they're going to be able to p

. >>> timothy geithner promised lawmaker else on thursday he will rally other world powers to push china for trde and currency reform. finally, more about the power of twitter. angry police in johannesburg has posted thousands of daily warnings about where police set up speed traps in the city. >>> the giants lead the west. serious chges against pretty boy floyd and who says they don't sweet in seattle? >>> plus, on of the white sox finds the perfect way t prove and a keep a good man down. your early morning sports headlines are just ahead. >> this is our last summer weekend. temperatures are going to be very warm in the souern half of the nation. your forecast is coming up. ou're watching "early today." >>> good morning. if you're just waking up, this is "early today." in sports, it's getting to be crunch time in major league baseball with divisional pennant races start to go reach a fever pitch. here'sbc's fred roggin with an early look at all your sports headlines. >>> good morning. the closest ploff race in baseball is not in the a.l. east, but oust west in the national league. padre

now only timothy geithner remains from the president's original top economic team. >>> oday, president obama heads to new york to addess t general assembly where administration officials say he'll walk a fine line regarding iran in a broad based foreign policy speech. yesterday, mahmoud ahmadinejad warned it could spark a war that would have no limits. president obama plans to leave the door open to talks with iran. ahmadinejad told reporters yesterday u.s. sanctions have damaged the chance for relations. >>> new video shows a growi problem in san antonio. violence breaking out in city buses. in the case, a woman who had a newborn strapped to her chest is seen taking a swing at a woman who had a small child nearby. the woman with the babykeeps throwing more punches. to combat such behavior, the city recently announced a code of conduct for riders. >>> in minnesota, three firefighters were hurt following a fire and subsequent explosion at a local power plant. the blast was strong enough to blow out one side of a corrugated steel building. fortunately, all the models were minor. >>> tink

. >>> timothy geithner promised lawmaker else on thursday he will rally other world powers to push china for trade and currency reform. finally, more about the power of twitter. angry police in johannesburg has posted thousands of daily warnings about where police set up speed traps in the city. >>> the giants lead the west. serious charges against pretty boy floyd and who says they don't sweet in seattle? >>> plus, one of the white sox finds the perfect way to prove and a keep a good man down. your early morning sports headlines are just ahead. >> this is our last summer weekend. temperatures are going to be very warm in the southern half of the nation. your forecast is coming up. you're watching "early today." my commute home to the eastern shore every night only takes an hour but that's more time than congress spends reading massive spending bills, it's crazy. that's why i wrote a law that requires 72 hours to read every bill. i read the big bills and i said no. no to the $3 trillion budget, no to the bank bailout, and no to the health care bill. at home you would never pay a bill wit

now only timothy geithner remains from the president's original top economic team. >>> today, president obama heads to new york to address the general assembly where administration officials say he'll walk a fine line regarding iran in a broad based foreign policy speech. yesterday, mahmoud ahmadinejad warned it could spark a war that would have no limits. president obama plans to leave the door open to talks with iran. ahmadinejad told reporters yesterday u.s. sanctions have damaged the chance for relations. >>> new video shows a growing problem in san antonio. violence breaking out in city buses. in the case, a woman who had a newborn strapped to her chest is seen taking a swing at a woman who had a small child nearby. the woman with the baby keeps throwing more punches. to combat such behavior, the city recently announced a code of conduct for riders. >>> in minnesota, three firefighters were hurt following a fire and subsequent explosion at a local power plant. the blast was strong enough to blow out one side of a corrugated steel building. fortunately, all the models were minor. >>

now only treasury secretary timothy geithner remains from the president's original top economic team. >>> president obama will head to new york today to attend the u.n. general assembly. tomorrow he'll walk a fine line regarding iran in a broad based foreign policy speech. yesterday, mahmoud ahmadinejad warned it could spark a war that would "know no limits." president obama plans to leave the door open to talks with iran. ahmadinejad told reporters yesterday u.s. sanctions have damaged the chance for improved relations. >>> now here's a look at some stories, other stories making news early today in america -- newly released video show as growing problem in san antonio. violence breaking out in city buses. in this case, a woman who had a newborn strapped to her chest is seen taking a swing at a woman who had a small child nearby. other riders screamed for the woman to stop, but the woman with the baby keeps throwing more punches. to combat such behavior, the city recently announced a code of conduct for riders. >>> in minnesota, three firefighters were hurt following a fire and subseq

. >>> elsewhere, timothy geithner promised lawmakers on thursday he will rally other world powers to push china for trade and currency reform. >>> finally, more about the power of twitter. angry police in johannesburg has posted thousands of daily warnings about where police set up speed traps around the city. >>> the giants lead the west. serious charges against pretty boy floyd, and he says they don't sleep in seattle? >>> plus, one of the white sox finds the perfect way to prove you can't keep a good man down. your early morning sports headlines are just ahead. >>> this is our last summer weekend. temperatures are going to be very warm in the southern half of the nation. your forecast is coming up. you're watching "early today." >>> good morning. if you're just waking up, this is "early today." >>> in sports, it's getting to be crunch time in major league baseball with divisional pennant races beginning to reach a fever pitch. here's nbc's fred roggin with an early look at all your sports headlines. >>> good morning. the closest playoff race in baseball is not in the a.l. east, bu

treasury secretary timothy geithner will say that china's efforts at currency reform has been too slow and too limited when he addresses the senate later today. also, two new complaints about chinese trade practices at the wto. our guest from "the wall street journal" is with us. america says china is not doing enough to raise the value of the yuan. is that correct, given that the currency has been rising? >> the currency has been rising at is that one of the highest levels against the dollar today leading into the testimony from treasury secretary geithner. most people say it does not reflect the economic strength of china. from a fundamental basis, very few would argue that the chinese currency is fairly valued right now. >> , of and appreciation is washington looking for? in reality, how much difference would it make for american businesses. >> pending on who you talk to, it would like to see a double digits increased. you're looking at high unemployment persisting in the united states and a big trade deficits in the united states. most economists do not really think this currency i

geithner. the rule writing just under way has drawn intense lobbying from the financial industry and some critics worry the new laws won't have enough bite.Ñi >>> the foreclosure crisis continues to drag down home prices.xd according to reality trac, 24% of homes solid last quarter were in foreclosure, that's up 5% from the first quarter of the year. the average price of these properties was more than 26 "%low the average price of seizure. nevada, arizona, and california were especially hard hit.xd >>> google is giving you more control over o your "in" box. g-mail will allow users to choose whether they like their e-mail stacked in chronological order or grouped together by conversation. the so-called conversation view confused and frustrated many users, who preferred their messages stacked in the same way microsoft outlook does it. >>> if you've ever dreamed of having your very own slice of paradise, today is your big chance. vendovey island goes on the auction block later this morning in sea

now, back to jim. >> lehrer: and now to treasury secretary timothy geithner. i spoke to him earlier this evening about president obama's speech today. mr. secretary, welcome. >> good to be here, jim, thank you. >> lehrer: the republicans caused current economic mess and now are refusing to participate in helping fix it. is that legitimately-- is that a legitimate description of what the president's message was today? >> jim, i'm the wrong person to ask about politics or messages, as you know, but what i can tell you is this, which is this crisis was much more damaging than almost anybody thought. it's going to take us a longer time to dig out of this hole. it's going to be harder because the damage was so severe and so savage, plus it's going to take time. we have now been growing for more than a year . the private sector-- the private sector, not the government it's private sector has now created more than three-quarters of a million jobs. we saw job growth come back sooner than the last two recoveries. part of the economy are actually doing reasonably well.

now, back to jim. >> lehrer: and now to treasury secretary timothy geithner. i spoke to him earlier this evening about president obama's speech today. mr. secretary, welcome. >> good to be here, jim, thank you. >> lehrer: the republicans caused current economic mess and now are refusing to participate in helping fix it. is thalegitimately-- is that a legitimate description of what the president's message was today? >> jim, i'm the wrong person to ask about politics or messages, as you know, but what i can tell you is this, which is this crisis was much more damaging than almost anybody thought. it's going to take us a longer time to dig out of this hole. it's going to be harder because the damage was so severe and so savage, plus it's going to take time. we have now been growing for more than a year . the private sector-- the private sector, not the government it's private sector has now created more than three-quarters of a million jobs. we saw job growth come back sooner than the last two recoveries. part of the economy are actually doing reasonably well. i

timothy geithner. and there are plenty of others. there are many goldman sachs' veterans and other big wall street veterans in this administration as well. and they destroyed her. they're threatened by elizabeth because elizabeth warren represents consumers. she's a brilliant legal mind. and just as brooks lee warren is and elizabeth said, wait a minute what kind of government is this when you're caring about wall street and ignoring the pain out there? i have to stress this, amy. this is not some abstract -- i studied economics in graduate school. i could -- the mathematical modeling and all of that stuff. this is not a game. they're real human beings who invest their whole life putting shelter over their family, caring about their family. when you go out in these communities -- and i've done some of that it's so depressing. i talked t people in rivside who cleaned officbuildings in long beach and community riversides so their kids could live in a better neighborhood. they bought this house. and they made the payments. they did ever

geithner remains from the president's top economic team >>> today president obama heads to new york to address the u.n. general assembly where administration officials say he'll walk a fine line regarding iran in a broad-based foreign policy speech. yesterday iranian president mahmoud ahmadinejad warned an attack on his country's nuclear facilities could spark a war that would know no limits while the white house has said president obama plans to leave the door open for talks with iran. ahmadinejad told reporters yesterday u.s. sanctions have damaged the chance for improved relations. >>> here's your look your "first look" at some of the other news going on around america today. newly released video shows a growing problem in san antonio. violence breaking out in city buses. a woman with a newborn is seen taking a swing at another mother. riders screamed for them to stop. the city recently announced a code of conduct for riders. >>> in minnesota three firefighters were hurt after a fire and subsequent explosion at a local power plant much the blast was strong enough to blow out one

treasury secretary timothy geithner testifies to a senate committee on exchange rate policies. also tomorrow, going after gamers. retailer gamestop launches a new online strategy to fend off bigger competition in the brick- and-mortar world. >> suzanne: u.p.s. is making waves in the shipping industry. today, the delivery giant launched a new ocean freight service. the move highlights the importance u.p.s. is placing on international business, while its domestic sales remain weak. the new service is available between the u.s. and japan. it will be extended to other parts of asia over the next six months. but forget about overnight, u.p.s. says it will take up to 18 days to send packages by ship across the pacific. >> tom: more fallout from b.p.'s gulf disaster. the interior department said that leaked from the rig, not b.p.'s well. louisiana disagrees, and wants transocean to be held liable for damages. euquu@z@ >> suzanne: in the "money file" tonight, being charitable and tax savvy. here's charles bennett sachs, wealth manager at evensky and katz. >> what could possibly feel be

of the original obama economic group timothy geithner is the only one expected to remain. >>> well, a well known pastor of a mega church is facing allegations of sexual misconduct tonight. all new at 5:30, bishop eddie long is accused of using his power and influence to prey on young man. >>> and it is national child passenger safety week. we got tips on the right way to install and use that booster seat to keep our kids safe. >>> we've all dodged a potholes or two in the plorm area but how much are these neglected roads costing drivers? we have the answer coming up. >>> stormy weather in the forecast. stick around for the details coming up. bob ehrlich pretends to be for the working guy... but he's not on our side. i thought i knew bob ehrlich, but then i found out... he raised property taxes on every maryland family... and business. he increased college tuition... by 40%. 40%. and i thought i knew bob ehrlich. he was against raising the minimum wage. made $2.5 million... working for a lobbying firm. $2.5 million? he's not really on my side. with this tough economy, we really need a

treasury secretary timothy geithner said china is too slow in letting the yuan go higher while lawmakers oppose japan's currency intervention. the senate and the house of representatives invited geithner to the hearings on china's industrial policy on thursday. lawmakers were critical of china because the chinese currency has risen only a little over the past three months. that's despite china's announcement in june that it would raise currency flexibility to push the reforms in its exchange rate spichl system. >> the pace of appreciation has been too slow, and the extent of appreciation too limited. and we are examining the important question of what mix of tools, tools available to the united states, and what multilateral approaches might help encourage the chinese authorities to move more quickly. >> turning to japan's recent intervention, senate banking committee chairman christopher dodd also criticized. >> one thing's very clear. unilateral currency intervention by japan, china, or any other nation represents a gap in international cooperation on exchange rate policy. >> ahead of t

geithner. and here's what he said: >> well, we agree on some things. i think we all want to make sure middle-class americans see their tax-- these tax cuts extended. and those go to 97% of working americans and 97% of small businesses. where we disagree, though, is the republicans want to make permit the tax cuts that go to the wealthiest 2% of americans. to do that would require us to go out and borrow $700 billion, again, to give tax cuts to the most fortunate 2% of americans. and we think that's not a responsible use of taxpayer resources at a time when we face enormous challenges. and we think if republicans want to do more to help the economy now, again, the best thing to do besides extending these middle-class tax cuts is to give stronger incentives to businesses to invest in america now. >> couric: but you keep hammering home that 2% of the wealthiest americans. but tens of thousands of small businesses and other businesses in this country make $250,000 a year. so aren't you going to be

. >> susie: here's what we're watching for tomorrow: treasury secretary timothy geithner goes to capitol hill to talk with a congressional committee about the international financial system. also, violent demonstrations like this one continue in greece, protesting labor reforms. we get an update on greece's economy and the challenges it faces, from prime minister george papandreou. >> susie: dallas mavericks owner mark cuban once again faces insider-trading charges. a federal appeals court today revived the securities and exchange commission's case against him. the s.e.c. says the dallas billionaire sold his shares in internet company mamma.com six years ago, after receiving confidential information. allegedly, that information let cuban avoid a $750,000 loss. cuban says he didn't break the law. >> jeff: no more text messaging for truckers. that's the gist of a new proposal by the transportation department. it specifically bans truck drivers from sending texts while hauling hazardous materials. the d.o.t. also wants to stop train operators from using cell phones and other electronic devi

tonight, i'll speak with treasury secretary timothy geithner in an exclusive interview only on the "cbs evening news." the "cbs evening news." ing sale prices. download your coupon at sears.com/savings. plus, apparel clearance is up to 80% off. sears. everyone has someone to go heart healthy for. who's your someone? campbell's healthy request can help. low cholesterol, zero grams trans fat, and a healthy level of sodium. it's amazing what soup can do. look at all this stuff for coffee. oh there's tons. french presses, expresso tampers, filters. it can get really complicated. not nearly as complicated as shipping it, though. i mean shipping is a hassle. not with priority mail flat rate boxes from the postal service. if it fits it ships anywhere in the country for a low flat rate. that is easy. best news i've heard all day! i'm soooo amped! i mean not amped. excited. well, sort of amped. really kind of in between. have you ever thought about decaf? do you think that would help? yeah. priority mail flat rate box shipping starts at $4.95, only from the postal service. a simpler way to ship.

geithner. and here's what he said: >> well, we agree on some things. i think we all want to make sure middle-class americans see their tax-- these tax cuts extended. and those go to 97% of working americans and 97% of small businesses. where we disagree, though, is the republicans want to make permanent the tax cuts that go to the wealthiest 2% of americans. to do that would require us to go out and borrow $700 billion, again, to give tax cuts to the most fortunate 2% of americans. and we think that's not a responsible use of taxpayer resources at a time when we face enormous challenges. and we think if republicans want to do more to help the economy now, again, the best thing to do besides extending these middle- class tax cuts is to give stronger incentives to businesses to invest in america now. >> couric: but you keep hammering home that 2% of the wealthiest americans. but tens of thousands of small businesses and other businesses in this country make $250,000 a year. so aren't you going to

cbs's katie couric talked about that with treasury secretary sympathy -- timothy geithner. >> i think we want to make sure that middle-class americans see these tax cuts extended and those tax go to 97% of working americans and 97% of small businesses. where we disagree, though, the republicans want to make permanent the tax cuts that go to the wealthiest 2% of americans. to do that would require us to go out and borrow $700 billion again to give tax cuts to the most fortunate 2% of americans and we think that's not a responsible use of taxpayer resource at a time when we face enormous challenges and we think if republicans want to do more to help the economy now, the best thing to do besides extending the middle-class tax cuts give stronger incentives in business to invest in america now. >> but you keep hammering home that 2% of the wealthiest americans. but tens of thousands of small businesses and other businesses in this country make $250,000 a year. aren't you going to be hurting them? >> if you look at the joint -- what the joint tax committee has said, 80% of those 2% of ameri

tonight, i'll speak with treasury secretary timothy geithner in an excluve interview only on the "cbs evening news." the "cbs evening news." ing sale prices. download your coupon at sears.com/savings. plus, apparel clearance is up to 80% off. sears. everyone has someone to go heart healthy for. who's your someone? campbell's healthy request can help. low cholesterol, zero grams trans fat, and a healthy level of sodium. it's amazing what soup can do. look at all this stuff for coffee. oh there's tons. french presses, expresso tampers, filters. it can get really complicated. not nearly as complicated as shipping it, though. i mean shipping is a hassle. not with priority mail flat rate boxes from the postal service. if it fits it ships anywhere in the country for a low flat rate. that is easy. best news i've heard all day! i'm soooo amped! i mean not amped. excited. well, sort of amped. really kind of in between. have you ever thought about decaf? do you think that would help? yeah. priority mail flat rate box shipping starts at $4.95, only from the postal service. a simpler way to ship.

tonight, i'll speak with treasury secretary timothy geithner in an exclusive interview only on the "cbs evening news." ing sale prices. download your coupon at sears.com/savings. plus, apparel clearance is up to 80% off. sears. everyone has someone to go heart healthy for. who's your someone? campbell's healthy request can help. low cholesterol, zero grams trans fat, and a healthy level of sodium. it's amazing what soup can do. look at all this stuff for coffee. oh there's tons. french presses, expresso tampers, filters. it can get really complicated. not nearly as complicated as shipping it, though. i mean shipping is a hassle. not with priority mail flat rate boxes from the postal service. if it fits it ships anywhere in the country for a low flat rate. that is easy. best news i've heard all day! i'm soooo amped! i mean not amped. excited. well, sort of amped. really kind of in between. have you ever thought about decaf? do you think that would help? yeah. priority mail flat rate box shipping starts at $4.95, only from the postal service. a simpler way to ship. while i was building my

elsewhere, treasury secretary timothy geithner promised lawmakers thursday he will rally other world powers to push china for trade and currency reforms. >>> and finally, more about the power of twitter. angry police in johannesburg, south africa, are on the lookout for pig spotter. he has over 7,000 local followers and has posted thousands of daily warnings about where police set up speed traps all around the city. i don't know who has time for that. but apparently pig spotter does. >>> the giants lead the west. serious charges against pretty boy floyd. and who says they don't sweep in seattle. >>> plus, one of the white sox finds the perfect way to prove you can't keep a good man down. your first look at sports is straight ahead. you're watching "first look" on msnbc. [ male announcer ] taste pops... with pringles cracker stix. ♪ crackers turned into tasty, crunchy sticks! ♪ pringles cracker stix. ♪ so delicious... your mouth will be strangely attracted to them. ♪ everything pops with pringles cracker stix. [ dog barking ] [ sniffing ] [ male announcer ] missing something?

geithner and larry summers all of these people should be potentially facing their own investigations oh absolutely summers and geithner certainly they were carried over from the bush administration barack obama gave those those cancerous lecherous kleptocrats oxygen to keep breathing to keep breeding to keep performing mellow and actions against the economy against the folks in america and as a result obama's a one term president i'll make that prediction right here now the one thing that is not being spoken about in america is all so you have all of these poor people you are not allowed to help them however the one thing that you can always keep on spending on is the warfare state defense cuts threat to special relationship apparently inflicting deep cuts on the armed services could threaten the special relationship between britain and the us this is president barack obama's defense department has issued warnings to the defense department of david cameron's government saying they better not cut their defense spending because they're threatening to cut it from two percent of g.d.p. t

geithner and larry summers all of these people should be potentially facing their own investigations oh absolutely summers and geithner certainly they were carried over from the bush administration barack obama gave those those cancerous lecherous kleptocrats oxygen to keep breathing to keep breathing to keep performing mellow and actions against the economy against the folks in america and as a result obama's a one term president i make that prediction right here now the one thing that is not being spoken about in america is all so you have all of these poor people you are not allowed to help them however the one thing that you can always keep on spending on is the warfare state defense cut threat to special relationship apparently inflicting deep cuts on the armed services could threaten the special relationship between britain and the us this is president barack obama's defense department has issued warnings to the defense department of david cameron's government saying they better not cut their defense spending because they're threatening to cut it from two percent of g.d.p. to a

geithner and larry summers all of these people should be potentially facing their own investigations oh absolutely summers and geithner certainly they were carried over from the bush administration barack obama gave those those cancerous lecherous kleptocrats oxygen to keep breathing to keep breathing to keep performing mellow and actions against the economy against the folks in america and as a result obama's a one term president i make that prediction right here now the one thing that is not being spoken about in america is all so you have all of these poor people you are not allowed to help them however the one thing that you can always keep on spending on is the warfare state defense cuts threat to special relationship apparently inflicting deep cuts on the armed services could threaten the special relationship between britain and the us this is president barack obama's defense department has issued warnings to the defense department of david cameron's government saying they better not cut their defense spending because they're threatening to cut it from two percent of g.d.p. to

geithner in the new york fed and now in the us treasury. if you would out a sensible intelligent government concerned about the nation's welfare they would have nationalized five to seven of those institutions immediately and done what sweden did in the early ninety's with a secure room good bank bad bank a model that was considered anathema it was called socialist by henry paulson the treasury secretary at the time and as a result trillions of dollars of taxpayer money went to bail out the wall street friends of goldman sachs henry paulson and not only that the federal reserve ben bernanke he refuses to say what he has done what the federal reserve has done with its money creation it's over the top now. mark mentioned these statistics from from this boston professor about the unfunded liabilities of social security and medicare and so forth it's just. the banks have been looted the country sucked up to the bone and there is no impulse there is no internet this is going to fix this one the united states is a basket case economy europe is le

geithner in the new york fed and now in the u.s. treasury. if you would out a sensible intelligent government concerned about the nation's welfare they would have nationalized five to seven of those institutions immediately and done what sweden did in the early ninety's with a secure room good bank bad bank a model that was considered anathema it was called socialist by henry paulson the treasury secretary at the time and as a result trillions of dollars of taxpayer money went to bail out the wall street friends of goldman sachs henry paulson and not only that the federal reserve ben bernanke he refuses to say what he has done what the federal reserve has done with its money creation it's over the top now. mark mentioned the these statistics from from this boston professor about the unfunded liabilities of social security and medicare and so forth it's just. the banks have been looted the country sucked up to the bone and there is no impulse there is no internet this is going to fix this one the united states is a basket case econom

geithner in the new york fed and now in the u.s. treasury. if you would out a sensible intelligent government concerned about the nation's welfare they would have nationalized five to seven of those institutions immediately and done what sweden did in the early ninety's with a secure room good bank bad bank a model that was considered anathema it was called socialist by henry paulson the treasury secretary at the time and as a result trillions of dollars of taxpayer money went to bail out the wall street friends of goldman sachs henry paulson and not only that the federal reserve ben bernanke he refuses to say what he has done what the federal reserve has done with its money creation it's over the top now. mark mentioned the these statistics from from this boston professor about the unfunded liabilities of social security and medicare and so forth it's just. the banks have been looted the country sucked up to the bone and there is no impulse there is no internet this going to fix this one the united states is a basket case economy e

geithner in the new york fed and now in the us treasury. if you would out a sensible intelligent government concerned about the nation's welfare they would have nationalized five to seven of those institutions immediately and done what sweden did in the early ninety's with a secure i'm good bank bad bank a model that was considered anathema it was called socialist by henry paulson the treasury secretary at the time and as a result trillions of dollars of taxpayer money went to bail out the wall street friends of goldman sachs henry paulson and not only that the federal reserve ben bernanke refuses to say what he has done what the federal reserve has done with its money creation it's over the top now. mark mentioned these statistics from from this boston professor about the unfunded liabilities of social security and medicare and so forth it's just. the banks have been looted the country sucked up to the bone and there is no impulse there is no internet this is going to fix this one the united states is a basket case economy europe is less s

tonight, i'll speak with treasury secretary timothy geithner in an exclusive interview. only on the cbs evening news. >>> here's a look at tonight's closing numbers from wall street. ,,,,,,,, [ ehrlich ] annapolis -- if they have their way, we're facing a mountain of debt and a massive tax increase. employers will continue to leave our state, taking their jobs with them. the next four years will impact the next decade, so we've put together a road map to 2020. a plan that brings jobs back to maryland by reducing spending and lowering taxes. let's make the maryland we love not just good, but great. now let's get down to work. meet pnc virtual wallet. it comes with a wish list, that helps you set aside money for the stuff that really matters... just put the things you want on your wish list... and contribute money when you feel like it... then, watch as you get closer to getting what you want. wish list is built to make saving a whole lot more fun. experience all the ways virtual wallet can help you save at pncvirtualwallet.com. pnc. for the achiever in us all. >>> it is a