Capital Account -- 12/16/11
Welcome to the Capital Account with Lauren Lyster. Sanctions on Iran's central bank slide through in a 660 billion dollar defense spending bill headed for the president's desk. The sanctions could cause oil prices to rise – hitting consumers while possibly benefiting Iran. So, are you willing to eat higher oil prices for the promises of some politicians? Maybe not, but what choice do Americans have? Do the leaders we elect to the white house or congress make any difference? We will talk to Chairman of the Ludwig von Mises Institute, Lew Rockwell, for his thoughts. And…the SEC is suing the former heads of Fannie Mae and Freddie Mac for misleading investors about risky mortgages. So what about members of congress and previous administrations who pressured thee GSE's into buying riskier loans? We'll discuss if the SEC should be going after them with Cato's budget analyst Tad DeHaven. And…shutdown averted. Congress negotiated a Trillon dollar spending agreement a little more than 24 hours before a shutdown. We've seen this threat of a shutdown several times already. You know what? JUST DO IT ALREADY… And, with it being Friday and all, we will go through viewer feedback to our show and take your questions.