The Money Show

“…the right now the Dow is down 33%. For the year. The S&P is down 35%. The nest -- is down 35%. Why you hear people saying 45 to 50% if you take hi hello …”

“…private markets have failed the individual in investments. In health care in homeownership. . And I think we'll have a decade of more protective. Government control which is a good thing with got a big fat …”

“…The economic crisis and the shortfall. . That's an understatement that the extreme shortfall in credit is affecting bankruptcies is wealth which could affect you and your jobs and that's that it albeit no other way …”

“…I want it one and not because I thought. We should let Wall Street off the hook but if we didn't do something like this then we would be people would be losing jobs often right …”

“…commodity is extremely. Risky investment it always has been it is not hedge against inflation I don't know would help him with that the only time it's hedge against inflation or which -- which is not to worry or hedge against any thing is as I -- early in the day is if the market gets that if if the economy gets to the point where the only thing that's gonna say view is a shotgun and a bunker in the middle of Montana I don't think we're in where even close at that point so that. Other than it is if you believe that Torre …”

“…done two things that I don't suggest you and I. And we caveat all that by saying it's your money you are free to do with it whatever you want. But if you're looking for …”

“…caught out. But every its seen that it's a total loss there's real estate in the personal property. And I question is they've recently been approached by a public adjuster yeah. Use on their past yeah …”

“…We do we own a Condo in Brookline. . …”

“…will start to really increase your savings. On do you have a retirement plan right you're. In units of the -- he's working for them -- right in retirement plan through the firm. …”

“…Yeah but I also have clients fuller who -- sales. Rips toured Johnson & Johnson different places like that and they work out of their home so right you're good you can do yup. …”

“…Well Laura importantly. The head of the Federal Reserve Bank and the head of the SEC are part of that. And after letting it buys them the first time when you can bet. They are going to be incredibly meticulous in looking over -- so I'm also interested in congress because congress. Investment people and and that's my concern I don't think that they -- going to -- of this mess up. The head of the Fed and the head of the SEC. Are part of this team and that. So use the New York I'm not optimistic about …”

“…tax it like thirteen dollars and 75 cents. A -- and because Puerto Rico is our territory. Winner. Were waving. Thirteen dollars and 25 and a little Jewish and I not your part of the contents …”

“…go and take take a step further. I'm gonna go to the Attorney General the consumer protection division of the Attorney General are not. I'm gonna go to the consumer protection division of the Attorney General in Massachusetts and I want to tell me the name of the dealer -- what city was that it. Why I'm going to go to WJ I can't give you that. Letters but you know all of the TV stations on province. And you know all TV stations a Massachusetts. And -- and and most of them have a consumer report right. You tell I'm going to call each and every one of the consumer reporters. At all the stations. And I'm going …”

“…This is a brand new car. . I will tell you I'd -- I don't I don't take I'm not. Out to criticize you but a lot of times …”

“…of all. I want people to think more factually and -- is Derrek Lee this is not the same as the great depression. At that time 1500. Banks. Went out of business and one in four or 25%. Of Americans were out of work. Now this is serious this is this is a credit crisis. But unemployment to 6%. Which is still historically low. The United States is technically not even in a recession which is defined by two consecutive quarters of negative economic growth the economy grew -- two point 8% in the second quarter the latest data. Available is it serious absolutely yes will outline …”

“…the end of 2007. Merrill Lynch employees had 28%. Of their total retirement money in Maryland stock. Morgan Stanley. Head 500 million dollars of their 401K money in Morgan Stanley stock. We've lectured you over and over and over don't have a huge amount of comp company stock in your retirement plan because. So much of your future depends on your employer anyway we don't want your retirement too as well. And with that …”

“…A sensuality. And a the government is opening the coffers. Of the United States and is going to prevent a lot of bad things from happening in so the money markets no one has to worry …”

“…it back to the dollar however. The couldn't happen this time because Lehman Brothers was backing out front end. …”

“…the sidelines do not market time that that's what's our napping on Wall Street. . A lot of the these so called Wall Street geniuses. Who are not. Worst pulling money out of money markets and an -- of the stock market in general wanted to sit on the side and that's that's what call what what what caused this this fear this tipping …”

“…you know that because this is really going to under the radar interest rates have come -- well the last last couple weeks. Thirty year fixed rates. If you have a good -- a very good …”