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Neil Cavuto was joined by Gregg Hymowitz, founder of Entrust Capital; Jim Rogers, president of JimRogers.com; Ben Stein, economist; Meredith Whitney, Fox Business News contributor, and Charles Payne, CEO of Wall Street Strategies; Jacob Hornberger, founder of Future of Freedom Foundation.
Neil Cavuto: Could people who want to duplicate 9-11 be set free, dealing a severe blow to our war on terror and the stock market? The Supreme Court will decide the fate of those alleged al Qaeda members being held at Guantanamo Bay in Cuba, to determine if they can be held indefinitely without formal charges being filed.
Ben Stein, do you think if any of these prisoners walk, or if there is a timetable for trials, that hurts the stock market?
Ben Stein: No not at all. If we allow these foreign nationals to have trials and plead that they should be released, it has no effect on the stock market. The stock market runs on the basis of respect for law. These trials just show the respect for the law and the free enterprise system.
Jim Rogers: Ben, you're exactly right, and I'm ecstatic to hear you say that. This will have no effect on the economy or the stock market. Our enemies want us to become a closed off society and send these guys to jail with no trials.
Neil Cavuto: A lot of these prisoners at Gitmo have been held for many, many months, oftentimes without any formal charges. If more of their rights are considered, does that make people think we're becoming lax on security?
Charles Payne: I think if these prisoners were let go, it would be used as an indictment against this administration and our policies.
Neil Cavuto: Were most of these guys rounded up in Afghanistan?
Charles Payne: They all come from different countries, but I think most are of Middle Eastern decent. It wouldn't crush the market, but I think it would have a negative impact.
Gregg Hymowitz: It's not an indictment that we use our laws and due process. If we're fighting for democracy all over the world, to not extend that to our own prisoners, our own rules and regulations is silly.
Neil Cavuto: Franklin Roosevelt, a democrat, went ahead and acknowledged, and endorsed, and accepted thousands of Japanese being held in prison for years.
Gregg Hymowtiz: And that is one of the biggest blights on his administration and on the Supreme Court. They were absolutely wrong and it was a disgrace.
Ben Stein: I don't understand what the mechanism is that would connect this with the stock market. Let's just say there are thirty guys who are going to be allowed to go into a district court and say that they should not be held here and that they should be tried in their own countries. How does that connect with the discounting of flows of future earnings, which is what the stock market does.
Charles Payne: There are a lot of things that do not have a direct correlation with the value of Wal-Mart but it doesn't mean it won't effect the stock on a day to day basis. We know this already. I'm just saying from a moral point of view, this is sort of like martial law. This is an emergency situation.
Gregg Hymowitz: We're fighting for freedoms and liberties all over the world, but we're not going to abide by it ourselves?
Jim Rogers: Even if we could let them all go, the stock market could care less.
Neil Cavuto: If there's a perception out there that some of these guys might be terrorists who are intent on hurting us and then five or six of them, or even forty of them walk, you don't think that would weigh on people's safety concerns?
Jim Rogers: Not if they're innocent. Not if they haven't done anything.
Ben Stein: They're not going to be talking about letting them walk. They're going to discuss if they'll just have a trial. Surely we cannot deny them a trial. I assume they're scum bags, but at least they deserve a trial.