Adam Shapiro Fox of Business comments on his shift in Chicago. He said he likes to cover the automobile market. Bubba asks Adam about the new subprime loans in the car market, he wonders if it could be a problem down the road. Adam believes that it could be. People are taking on more debt than they should and it could create problems.Adam and Bubba discuss the collateralized debt market, is it dangerous? Adam takes a position that it only dangerous if the banks misrepresent the value of the loans. He explains that they can take a ten percent loss level and still make money. However if they put that money into collateralized loans they have no risk. The problem occurs when the value of the collateral becomes overstated and the pools don't perform.Bubba states he is concerned analysts talk up their position. He cites Citicorp and their call of $20 Oil. Adam agrees that banks can cause trouble. He believes the problem is that they can change their mind at anytime and so they have no risk by making a call they probably believe has a chance but is a real long shot. Bubba states that they always upgrade at the top and downgrade at the bottom.Bubba asks Adam about the problems he sees with todays society. Adam believes that society needs to educate youth and make sure the elderly are taken care of. Adam comments on the problems with underfunded government pensions and that they are the financial Elephant in the room. Adam and Bubba conclude the interview by raising their points about the Federal Reserve and interest rate policies.