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That's caught up on that let's get back to the Euro which is falling to its lowest level.
Since August of 2010.
So is the solution to split up the currency and how would you.
Parsed out George Wallace the chairman and co CEO and Edelman financial group.
He's spending the last hour of trading with us in a Fox Business exclusive George you've got sixteen point three billion in assets that you work with here.
So we want to know we are clients are probably on the phones and why he is the Euro possibly splitting up gyrating -- money.
What you think is really gonna happen here and will it get worse before it gets better.
I I think -- the good news is were right in the epicenter of the crisis.
That's good record -- the point -- the blather -- there there doesn't work anymore people actually have to do something.
There's an idea of -- was tried by the European academics -- a year and a half ago.
Which was to break the Euro ended two different currencies a southern Euro which would be -- the lazy country the lazy countries' specific Spain Ireland I need not have any happened -- -- that's admirable lazy countries what worthy of the the prosperous industrial.
Job it's not a perfect solution he did make cure the disease Lotta side effects and so a year and a half ago.
People didn't want to do it but now when you've got to take some action.
It looks more and more as if you'll have a Euro -- is the southern lazy people's currency and eight different year old that's the rich industrial people's current.
All right so let's just say -- two tiered plan B comes about vs just Greece exiting and then everybody else staying together.
What's the best way to invest around that.
The best way to invest around that is to buy financial stocks in the United States of America.
Now you may look me in the -- I am -- say George they have what flipped it what does Hillary gains we have been read currencies have to do with it does financial stocks in the US.
Once you get via whole year old mess that's weighing on everybody's mind.
Put to bed even -- -- side effects it -- people who say gee here in the US we have an economy that's recovering.
You've got better consumer loan demand you've got commercial and industrial demand picking up.
These credentials aren't going to be pulled down by Greece are already -- -- the most story up.
First and foremost would be JPMorgan.
It's down 25%.
For in the -- reasons yeah stupidity is not a criminal offense JPMorgan is just fine.
And then probably Bank of America and Morgan Stanley.
They will do well if the currencies of Europe get get split how about picking some of the regionals that have no exposure to Europe at all.
That the regionals with or without Europe are a very sound -- steady.
Not terribly sexy but Smart.
By do you have some names of regionals.
I would probably say prosperity bank would would be at -- the very top of the list.
BBT would be another and believe it -- not regions bank.
Which is recovering would be a third more speculative but good play for the Seagates is patient investor.
It's occasions you're using a sixteen -- I love -- on -- -- come up with a bunch of stocks that you really like right now we're gonna revisit once -- you liked.
In the past summer doing well some are not but George is with us for the whole.