Motley Fool Money: 09.16.2011
Motley Fool Hidden Gems Investing
The Motley Fool
4.3 • 3.1K Ratings
🗓️ 16 September 2011
⏱️ 39 minutes
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| 0:00.0 | Everybody needs money. That's why they call it money. |
| 0:16.0 | From Fool Global Headquarters, this is Motley Fool Money. |
| 0:19.4 | Welcome to Motley Fool Money. Thanks for being here. I'm your host, Chris Helen. |
| 0:22.1 | Joining me in studio this week from Motley Fool, Hidden Gems, Seth Jason from Motley Fool |
| 0:26.1 | Income Investor, James Early from Motley Fool Global Games, Tim Hansen. |
| 0:30.0 | Good to see you as always. Good to see you, Chris. We have got the latest on Netflix, |
| 0:34.5 | Berkshire Hathaway, Alternative Energy and more. We've also got a few stocks on our radar. |
| 0:39.6 | But our lead story, this week marks the three-year anniversary of when Lehman Brothers |
| 0:44.0 | collapsed, now comes growing predictions that a Lehman-like crisis is looming only this time, |
| 0:50.1 | starring European banks and governments. Tim Hansen, I will start with you. What is |
| 0:54.9 | your latest on what's going on in Europe? Well, we've got unprecedented cooperation this week |
| 0:59.9 | with the European Central Bank, the US Fed, the Bank of England, Bank of Japan, and the Swiss, |
| 1:05.7 | teaming up to offer unlimited dollar funding for European banks for the rest of the year. |
| 1:10.9 | Wow, it's like the Justice League of Superheroes. Wow. I guess it's just like that. |
| 1:16.6 | They may be less effective, though. I mean, they're not solving any problems. They're |
| 1:19.8 | basically making money available to banks so that they can not collapse right now. At some point, |
| 1:26.5 | you need to solve the underlying problem here, which is that European sovereign debt is |
| 1:30.5 | rapidly moving on distressed levels. The banks own it. Crisis is confidence is their building. |
| 1:36.2 | They're not lending to each other. The government is stepping into fill the gap, |
| 1:39.2 | but you can only fill the gap for so long, and nothing has been solved. James? |
| 1:43.7 | Yeah, the problem started with the private sector first, and it's sort of like with friends, |
| 1:48.3 | if people think that other people think that you're uncool, they won't want to hang out with you. |
... |
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