Greece in Vicious Bailout/Austerity Cycle

While US lawmakers debate as to whether or not austerity is the right path to take, in Greece, the decision has been made. In order to secure a second bailout of over at least 130 billion Euros, the Greek Parliament this weekend passed a series of strict austerity measures. And Greece has reacted with massive protests and riots. Capital Account's Demetri Kofinas and Nomi Prins author of "Black Tuesday" discuss.