Economics correspondent Paul Solman reports on the ongoing fallout from Europe's debt crisis, which has led to political woes and bank bailouts among other problems. His update is park of his ongoing series on Making Sen$e of financial news.
It's a big problem for the banks that took the loans they knew they never should have made. These people are not idiots, they knew they were making choices that would end their companies. This is what bothers me about the media, they set up their story to make it seem like they're are defending the people, but then they always end it with some words like that, "a big problem for us all". How is a private company's bad loans my problem?
Jim Rogers Explains why he is Shorting JPMorgan
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Jim Rogers on Japan, Korea and shorting...
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29 minutes ago