Frances Coppola discusses Fed Rate Hike & Anthony Randazzo on govt. pensions

Tuesday morning billionaire hedge fund manager Bill Ackman declared loudly (again) he believes Herbalife is a pyramid scheme.

The Pershing Square Capital boss gave what he called “the most important presentation of his career” to the hundreds of folks gathered at the AXA Equitable conference in Midtown Manhattan. Erin takes a look.

Erin also speaks with Frances Coppola, the brains behind the blog Coppola Comment, about Federal Reserve policy, rate hikes, and financial warfare. After the break, Erin talks with Anthony Randazzo of the Reason Foundation about the negative effects stock bubbles can have on state and municipal finances and pension plans.

And in today’s Big Deal, Edward Harrison and Erin discuss the subprime auto loan market, credit risk and how risk across sectors can amplify financial instability. Take a look.

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