Capital Account - 11/9/11
Is Italy becoming the next casualty of the eurozone debt crisis? Bond yields today went past the 7% threshold markets consider unsustainable. Stock markets plunged. Are investors cutting their losses and just looking to pillage whatever's left of these national economies? Meanwhile, could the global economy be headed for a lost decade? We speak to Doug Campbell former staff economist on President Obama’s Council of Economic Advisors. Meanwhile, as rhetoric increases between the West and Iran, we look at what that would do to oil prices. And if you're a US tax payer we'll explain why Fannie Mae wants close to $8 billion dollars more of your money because of bad derivatives bets. And should Air Force One be on the chopping block with other Federal 'swag' US President Barack Obama is trying to cut.