• With: Gary Kaltbaum, Sandra Smith, Charlie Gasparino, Ben Stein, Julie Roginsky

    DISCLAIMER: THE FOLLOWING "Cost of Freedom Recap" CONTAINS STRONG OPINIONS WHICH ARE NOT A REFLECTION OF THE OPINIONS OF FOX NEWS AND SHOULD NOT BE RELIED UPON AS INVESTMENT ADVICE WHEN MAKING PERSONAL INVESTMENT DECISIONS. IT IS FOX NEWS' POLICY THAT CONTRIBUTORS DISCLOSE POSITIONS THEY HOLD IN STOCKS THEY DISCUSS, THOUGH POSITIONS MAY CHANGE. READERS OF "Cost of Freedom Recap" MUST TAKE RESPONSIBILITY FOR THEIR OWN INVESTMENT DECISIONS.

    REPORT: HOSPITALS UNPREPARED IF EBOLA SPREADS IN U.S.

    GARY KALTBAUM: The CDC is at Level 1, meaning all hands on deck. The World Health Organization is talking about a global worry here. Yet, hospitals are much ado about nothing. I'm a big believer of airing on the side of caution as simple as that, you never know. We wake up one day and a newspaper has 2 or 3 people in a big city getting it... all heck breaks loose. They need to get on it.

    SANDRA SMITH: This is not an airborne virus like the flu or a cold. You have to actually exchange bodily fluids. There are a handful of hospitals in the country that say they are prepared, some are in NY. They have a scoring system based on the level of survival rate that they will take you in- if there were an outbreak. It scares me that if there were an outbreak, most hospitals aren't prepared for it. The scoring system predicts the likelihood of survival.

    CHARLIE GASPARINO: Hospitals in the city feel very prepared if there were an outbreak. In NYC around the clock they are having meetings and contingency plans. They feel that they can contain it. Here is where this thing gets crazy though- hospital officials are saying this in hush tones- weaponizing. Does someone get across the border, of a terrorist nature- remember there is a 3 week incubation period- so that is an exigency hospitals are talking about and that's what gets scary. Listen; if you come in through normal means- you are quarantined. In particular in NYC we have a great hospital system. I know it sound crazy, but this is scary... weaponizing. This is an easier spread virus than aids, than anthrax. Bodily fluids need to be exchanged, but it's not that difficult.

    BEN STEIN: I don't have confidence whatsoever because viruses in general are untreatable and incurable- there are some that can be treated and contained- but in general viruses do mutate and are incurable. I'm extremely worried.

    JULIE ROGINSKY: Having just come back from Africa, I'm not worried- everyone needs to calm down. Remember swine flu, ever one though we were going to die. Everyone thought we were going to die of all these various diseases that pop up to scare us. People have to calm down. The CDC is the best world health organization in the world. I have confidence it's all going to be okay.

    REPORT: BANK OF AMERICA, JUSTICE DEPARTMNENT NEAR $17B SETTLEMENT

    CHARLIE GASPARINO: Bank of America wanted to buy Countrywide and it wanted to buy Merrill Lynch. That said- when it bought both of those it came to the aid of the financial system. Most of the problems that they are paying for did not originate from Bank of America per say, but the companies they bought. When you start breaking it down its more like 8 Billion in cash ... At some point we need to end it now it's getting silly.

    SANDRA SMITH: Look its 17 billion Bank of America, 13 billion JP Morgan, 7 billion Citigroup. It's enough for the DOJ to brag that they are being tough on Wall Street, but at the same time nobody ever went to jail. So at the end of the day, this was all about money.

    BEN STEIN: Money is an important thing in people's lives. Who was harmed by Bank of America, Countrywide, and Merrill Lynch making these bad loans? Who were the people that were harmed? Are the people who were harmed getting any of the 17 billion? Is any of it going to the people who were harmed? That is the problem.

    GARY KALTBAUM:  The sin here is no person is paying. This is the banks paying the money. This is the big squeeze. The fact that Bank of America is paying up for someone else, this has to do with the fact that they just a big law suit in Manhattan and now they realize look out below. And the DOJ came in and said, either you do this or we will sue you.

    JULIE ROGINSKY: Nobody forced any of these big banks to securitize these junk bonds essentially and sell them to make money.

    REPORT: 75 percent OF PARENTS EXPECTING KIDS TO PAY FOR PART OF COLLEGE

    BEN STEIN: A college education (as my old friend and teacher Milton Friedman used to say) is an earning asset like a machine, tool, or a taxi driver. It will produce a stream pool of income and dividends in many ways if it is used properly and should be paid for by the owner- that is the kid. There are so many incredible and easy ways for kids to pay for it - from summer jobs to college and student loans. They should pay for it.

    CHARLIE GASPARINO: I feel bad for these kids these days, they have it hard. They have to read Huck Finn and there's no warning labels on these books. Now you're throwing the burden of a college education on top of it.

    SANDRA SMITH: I come from a family where we were asked to contribute. There was no way my parents were going to pay for all of our school. The parents in the age group who have to think about this are the ones who were settled in college debt to begin with. The average American household is sitting on over $5,000 in student loans that they can't pay off.

    GARY KALTBAUM: Most parents don't even have the money. This will teach responsibility to kids, get them working, get them paying for something.

    JULIE ROGINSKY: I don't know what summer job kids will be able to get to pay for college.

    STEADY STOCKS

    GARY KALTBAUM: Home Depot (HD)

    BEN STEIN: SPDR (DIA)