Wolfowitz on Iraq: Political Capital (07/04)

July 4 (Bloomberg) -- On this week’s “Political Capital," former Deputy Secretary of Defense Paul Wolfowitz on Iraq's future and GM settlement attorney Ken Feinberg on the latest recall. Also, Greg Stohr talks the Supreme Court hit on Obamacare and Margaret Carlson and Megan McArdle debate the Ex-Im Bank and immigration. (Source: Bloomberg)

Should We Be Concerned About Chinese Growth?
48:21 - Kyle Bass, the hedge fund manager who successfully bet against mortgages during the subprime crisis, said China’s banking system may see losses of more than four times those suffered by U.S. banks during the last crisis. Elga Bartsch, Morgan Stanley’s co-chief global economist, told Bloomberg’s Manus Cranny and Anna Edwards on “Countdown” she thinks the Chinese economy is strong enough to withstand any losses accumulated in the financial system.
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