tv Martin Bashir MSNBC June 20, 2013 1:00pm-2:01pm PDT
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letter shows finney was on to something. speaking of on to something, we are done. it's time for martin bashir. martin. >> >> thank you so much. good afternoon. it's thursday, june 20th, and the speaker has been beaten by his own caucus once again. ♪ >> the time for games is up. >> he can expect to see a substantial improvement in the border security parts of this bill. >> i have not seen the proposal. >> always been this xenophobe ya. >> they have less than a high school education. the idea they're going to improve our economy just doesn't work. >> my job isn't to try to impose my will. >> i call him president barack onixon. >> your street cred collapses. >> this guy was the great hope. he was the tea party senator. >> god bless the tea party. >> i was a stranger and you welcomed me.
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and these are not strangers. >> you need to take every one of those irs agents and put them on our southern border. >> i didn't come here to be speak irbecause i needed a fancy title and a big us a. good afternoon. the markets have just wrapped up a dramatic sell-off. the dow closed down some 300-plus points on news that the chairman of the federal reserve, ben bernanke, is hinting that they will be winding down the stimulus of the economy through its bond-buying program. we'll have more on that later in the broadcast. but first, more than 11 million lives hang in the balance. the veritable nation within a nation, as a bipartisan group of senators reach a deal to strengthen border security in the senate's immigration bill. it is a break-through that could pave the way for republican senators to support a pathway to citizenship. gop senators john hoeven of
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north dakota and bob corker of tennessee announced the deal on the senate this afternoon. >> i don't know how anybody could argue that the reason they're not supporting this legislation is because we haven't addressed securing the border. we have addressed that. we've addressed that in spades. >> we use about $30 billion to darn sure make sure that border is secure. >> some of america's wonderful regional accents on display. and add one more, senator lindsey graham. >> if you want the border secured like i do, your ship has come in. this is a border surge. we have militarized our border almost. >> a border surge. now, that's something a real red republican can get behind, right? well, not so fast. as always, one man could stand in the way of progress, and for john boehner the question remains, will any amount of border security ever be enough?
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>> i've not seen their proposal. i have heard there's some discussions about it. it's border security and confidence that we've got the border secured, but regardless of what the senate does, the house is going to work its will. >> translation, all hands off deck. 700 miles of border fencing, a doubling of border patrol agents, but ho-hum, whatever. how about the cbo report showing that immigration reform would reduce federal deficits by about $200 billion over the next ten years and about $700 billion in the second decade. >> i haven't studied the report. as a matter of fact, i asked chairman paul ryan this morning to do his own analysis of what they've done. >> great! paul ryan, the math guy! >> you haven't given me the math. >> well, i don't have the time -- it would take me too
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long to go through all of the math. >> we remember him. >> i want to get to the bottom of it because if in fact those numbers are anywhere close to being accurate, it would be a real boon for the country. >> immigration, a boon to the country. you don't say, speaker boehner? you don't say. let's get to our panel. msnbc political analyst david corn of "mother jones" and msnbc contributor joy reid who is the managing editor of thegrio.com. here we are with security surge compromise, a doubling of border patrol agents, 700 miles of security. john boehner seems like he'd rather run for the border. >> every time i listen to him speak, i think to myself, i wonder if he wakes up every morning and says i could have been a zookeeper. >> he is currently a zookeeper because he's looking after a group of animals in the congress. >> he's a zookeeper in which there are no cages in the zoo. it's out of control. the thing that's so sad is it would just be easier to let
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nancy pelosi be the speaker again. >> it would. >> john boehner in every functional way is not the speaker of the house. there's a parallel thing going on because in the senate marco rubio based on what reported there have been stripped from his own bill. it's now a john mccainesque surge. i didn't even see rubio speak. >> that's true. david, what's your reaction to what you just heard? >> john boehner really looked like a man with a lot of conviction when he was speaking. i looked at the numbers, i might look at the bill. i'll get this other guy to tell me. i'm not here to work my will. god knows. where there's a will, there's a way, i don't know, get back to you tomorrow. he keeps saying -- he has this line, i didn't come to be speaker to have a big office and smoke a cigar. the question really is why did you want to be speaker? >> the big gavel. remember the giant gavel he got? >> what we're seeing here, we talked about this periodically over the past few months, and i hate to say that, you know, it looked like we were right, but
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whatever is happening in the senate where there are mainly it seems to me adults, ted cruz wants to sort of change that equation a little bit, the house is just ungovernable and there is a civil war basically about to explode over this. you saw that yesterday at an anti-immigration reform tea party republican rally where the people booed republican who dared to speak in spanish. >> yes. >> this is still about to explode. ted cruz a poising himself -- positioning himself to be the leader of the rebellion against poor old marco rubio. >> the savior. >> every time we talk about marco rubio, we should say poor old marco. >> joy, that liberal bastion, "the wall street journal," weighs in with an editorial, for some republicans border security has become a rule to kill reform. the border could be defended by the 10th mountain division and claymore anti-personnel mines, and it still wouldn't be secure
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enough. they would obviously need alligators in motoats as well. >> electric fences. >> electric alligator! >> this is true. it's the vanguard of people who don't want to add 10 million more what they see -- they think it's all hispanics and that is not true. let's just remind folks, not all illegal -- undocumented are hispanic. but they see it as this brown horde running across the border. they see it as a threat to them demographically. they don't like the idea these people will be democrats. they will invent any reason to say no. and now that the data has come back, thec bo has come back and said it will actually help the economy. now they have to fall back on the security option. >> remember, joy, they don't care about deficits anymore. that only survived when they were interested in that. let me go on with the editorial. it says this, perhaps republicans can campaign in 2014 on self-deporting the 11 million illegals who are here now. that worked so well for mitt
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romney. >> in addition to what joy was saying, that's a key point. because ultimately if you don't want reform, you have to answer the question what do you do with these people? mitt romney, of course, tripped up over that because he didn't want -- >> david, i'm sorry to interrupt you. >> i can't believe your interrupting me. >> when we were having rows about the affordable care act, they never once proposed an alternative. you're suggesting they have to come up with something. they don't. >> i'm not saying -- you know i don't think they really have to, but we have 10 million, 11 million people already here. with the affordable care act it wasn't as if you were saying come up with a better plan. they claim to care about the fact that there are 11 million people here who are not documented, who are not legal, whatever term you want to use. then you say to them, what's the next step? what do you do about those people? >> right. >> they don't have an answer because they don't want to round them up because they know they can't. and they go to self-deportation, they know they sound silly.
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you have karl rove and the republican staff pulling what little hair theft left oy have of their head. >> the republicans don't want to round up everybody, but the base does! the base wants the 10 million rounded up -- >> literally lassoing them. >> the meat and potato base says, yeah, round them up. >> it's been a rough day for the speaker because the massive farm bill that was expected to pass has failed. minority leader nancy pelosi took great glee in calling it amateur hour. >> you don't bring a major piece of legislation like that to the floor unless you can pass it. i mean, there are things to do. other negotiations. if anything it's a waste of time, everybody's time, and it shows once again boehner doesn't have control.
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i really think -- i mean, he is the weakest political leader in american history going back to the articles of the confederation. i mean -- >> you really believe that? >> i have a hard time thinking of someone with as much power -- i'm sure republicans will want to point to jimmy carter and others. jimmy carter at least was able to do some things militarily, started supporting the afghan rebels which led to 9/11, but nevertheless, boehner seems to have no power to do anything except say i don't know why i'm here. >> poor old eric cantor is crying into his cranberry juice moaning to democrats about the fact he had 24 who promenised t vote and he didn't get the number. >> that was my favorite tweet, his chief of staff saying it was the democrats' fault saying they don't have any control over the house of representatives. you have kevin mccarthy. the majority leader eric cantor. do they even care if john boehner looks like an idiot? do they precount the votes in that is kevin mccarthy's job.
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to david's point, you shouldn't be bringing bills to the floor unless you have a count. they couldn't even getting a gri business taken care of. >> it's very true. i'm afraid we don't have enough time for any more laughs. joy reid and david corn, and great thanks to eric cantor. coming up, snap goes the farm bill. it's another questionable moment in the life and times of the great speaker. >> what is happening on the floor today was a demonstration of major amateur hour. they didn't get results, and they put the blame on somebody else. the boys used double miles from their capital one venture card to fly home for the big family reunion. you must be garth's father? hello. mother. mother! traveling is easy with the venture card because you can fly any airline anytime.
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$21 billion in cuts. that's how much republicans wanted to remove in food assistance aid money that feeds the poor and elderly from this year's farm bill. it's not only uncharitable, it's also a hideous proposal. so thankfully the bill was voted down just a few hours ago. the reason? because in part the most conservative republicans didn't think it was conservative enough. amazingly, the party's leadership took to the floor to blame democrats for the defeat, a laughable notion and one the democratic leader nancy pelosi immediately shot down. >> if we ever came to you when we had the majority and said we didn't pass a bill because we didn't get enough republican votes, well, you know, that's really -- it's silly. it's sad. it's juvenile. it's unprofessional. it's amateur hour. anything else? >> joining us now is democrat congressman joe crowley of new york who also is vice chair of
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the democratic caucus. good afternoon, sir. you look replen dent in your summer suit. the bill was expected to pass against democratic wishes. instead, more than 60 republicans, many of whom voted and wanted more cuts, then voted no. where is speaker boehner's status now amongst his own conference? >> you know, martin, in some respects i think they may be doing us a great service. using the farm bill as a platform to demonstrate to the american people how dysfunctional their caucus and their conference is today. you know, in order to lose control of the floor, martin, you have to have had control in the first place, and i just don't think that speaker boehner has had control of his caucus and of this congress. >> didn't mr. speaker even bother to do the work of counting the votes, of whipping the votes? this is a massive failure. >> i think it's a massive failure not only for the speak
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you are but for the entire republican caucus leadership. bringing a bill to the floor without knowing exactly where you're going to land in the end, as nancy pelosi said, it's amateur hour. it doesn't happen. it didn't happen to us when we were in the majority, and it certainly shouldn't happen now. what you have to do is bring a bill to the floor that has a consensus to pass the entire congress. i don't mean that everyone has to vote for it. >> of course. >> but you build a consensus to get some democrats, some republicans, but mostly republicans. after all, they control that chamber. >> right. okay. well, the food stamp program was the divisive element. there were many incendiary things said about the food stamp program during the debate. >> the reports of an individual bailed himself out of jail with an ebt card. i don't think we want to borrow money from the chinese to fund such a thing. i think those people can figure out how to bail themselves out, how to pay their own tattoos. >> so is mr. king correct, food stamps are code for bail and tattoos? >> i think that some of the
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verbiage that was used on the floor both yesterday and today were horrible. i think they crossed the line. i think someone suggested -- >> what do you mean, sir, by horrible? do you mean hateful of ordinary american poor people? is that what you mean? >> i think there's elements of racism involved in some of those comments, and i think a disdain for poor people and for working people in this country. that's what i think was coming across. >> okay. well, you yourself participated in the s.n.a.p. challenge which asked more than two dozen members to live on less than $5 a day. i think we have some pictures of you taking the challenge. what was that like personally? describe it to our viewers. >> in an interesting way, look, you know, i wasn't starving, and i think the idea behind all this is not to necessarily say that people can't get by with what they have. it's about if you cut this, if you cut -- i had to make a decision, martin, as to whether or not i can buy tomatoes and
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bananas with the money i was allotted. about getting foods that were nutritious enough to sustain me throughout the day. i have to tell you, you know, having had that breakfast and a peanut butter and jelly sandwich for lunch and later that night a pasta dinner, a small portion of pasta, i felt hungry. now, having said that it may have been better for me to eat that way, but at the same time it's not about my personal health or about me. >> of course. >> it's about the important decisions that people have to make every day when they go to purchase foods to get the most nutritious foods they possibly can for the cheapest amount. the least cost. and that's what we were trying to demonstrate what food stamps and what s.n.a.p. means to the millions of people who are on it today. >> an aide to republican congressman steve stockman, who voted no on the bill, did the challenge himself, and i think we have the receipt from his pinto beans and honeycomb cereal extravaganza. he said he had money left over and was just fine. what's your response to his view? >> i think if you look at, first of all, and go through the
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entire list of what he purchased, some of the most lacking in nutrition is an understatement. you know, it really is a mockery -- making a mockery of the people who have to -- who are forced to, unfortunately, use food stamps to get by. it's making a mockery of those children who need food stamps to ensure that they get the nutrition that they need in order to succeed in school and in life. you know, in my district in parts of queens, we have food deserts. you can get as much candy and as much foods that have -- that are filling but they don't provide the nutrition we need and that's what i think this aide was demonstrating in many respects is making our point. i don't think that was his objecti objective. he want 20d make a mockery of the people who use food stamps and i think that's wrong. >> i agree. democratic congressman joe crowley. thank you. >> thank you. coming up, you can call joe biden a dreamer, but he's not the only one. >> i was a stranger and you
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and to help all that hard work pay off, membership brings out millions of us on small business saturday and every day to make shopping small huge. this is what membership is. this is what membership does. i don't give too much of a [ bleep ] what people do behind closed doors with the consent of adults. don't forget, i'm a strict catholic. i agree with that senator. >> crime, catholicism, and inner conflict all delivered in a single tortured sentence by one of the greatest television a actors of all time, james gandolfini. mr. gandolfini, whose role as a mob boss in the sopranos catapulted him to stardom died on wednesday after suffering a cardiac arrest at a hotel in italy. beyond the mythical dimensions
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of his best-known character, mr. began dal if i ni retained a deep and abiding commitment to the real world of war and conflict producing a documentary about soldiers in iraq returning home pnd and here is what he told my colleague brian williams about what he learned from the experience. >> i was struck by the silence of what's -- here in this country about what's going on over there, and then when i talked to the soldiers, i was struck by you can be cynical on both coasts or wherever you are, honor, duty, loyalty to your country. it hit me. i guess some people forget about that. >> honor -- sorry, loyalty, honor, and duty. the same characteristic that mark the live of james gandolfini who passed away yesterday at the age of just 51. i'm in my work van, having lunch,
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from self-reliance to xenophobia. here are today's "top lines." come on down! >> always been this xenophobia that existed in parts of america. >> hi, everyone. >> used to be a party called the no nothing party. >> come on down as they say. come on down! >> seriously, it was the name of the party. >> we had a question about restrooms. >> it was an anti-immigrant effort. >> come in to be a giver. >> it's not because they're lazy or bad people. >> we should not be giving a chance to be a taker. >> it has nothing to do with the color of anyone's skin. >> it doesn't take a lot for mohammed to transform himself into miguel. >> that's total crap. who told you that? >> self-reliance means if anyone will not work, neither should he eat. >> really poor children in really poor neighborhoods have no habits of working. >> it's a stereotype and it's offensive. >> no habit of i do this and you give me cash. unless it's illegal. >> that's just mean.
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>> great story, his parents came over from italy, they wanted the best for their son. >> people coming in here every day who want to cut your throat, not cut your lawn. >> getting ugly. >> if i decide to run for office again -- >> we've had enough bushes. >> learn english. >> what did you just say? >> let's get right to our panel. joining us now is josh barrow, in washington is maria teresa kumar, and in miami presumably with tickets to game seven tonight, professor michael eric dyson of georgetown university. professor -- >> that would be a great gift to have. >> yeah. thanks so much, professor. i'll start with you, professor, given what we just saw in "top lines," you might think republican hypocrisy on immigration had gone just about as far as it could, but wait for this. according to a new report today by npr, it turns out the father
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of senator ted cruz got to this country in part by paying a bribe. it's okay for ted cruz's father to bend the rules but ted cruz himself says giving 11 million people a path to citizenship, that's amnesty. >> in a nutshell, martin, that summarizes perfectly the dilemmas we confront in america. one generation of immigrants trying to block another generation of immigrants from coming over here. just because they were from eastern europe or because they were from italy or poland and the like, now people who come in from central and south america or from haiti or africa, you know, are opposed to a very serious way or those who come in from the middle east. so i think realistically here what we have to acknowledge is that america is built upon the strength of diversity. that diversity embraces all peoples, lands, bring us your tired masses, your teeming, you know, people here to america so that we can welcome them with open arms. now we want to put up fences 700 feet long. we want to, you know, have 30,000 more border troops.
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we want to spend a whole bunch more money on technology surveilling them. we know we can do that pretty well. the reality is that we have got to really open our minds to the reality that this is america and either we're going to celebrate the virtues of opening our gates, yes, with limitations that are put in force that have always been put in force but not with this kind of xenophobic passion that begins to in one sense prevaricate, tell a lie, mendacity about the truth of the american dream. either we're about it or we're not. >> what did you think of the ted cruz revelation and his father? >> first of all of ted cruz has been touting his father did it the right way. not telling the american people there really wasn't a wrong way 30, 40 years ago because we had a completely different set of rules and one of the reasons that our system is broken is because we don't have clear rules for folks to follow. but back to what michael eric dyson was saying is absolutely right. we keep having a disingenuous conversation with the american
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people saying basically that we have a choice when it comes to immigration reform. we don't have a choice. the system is broken. we have 11 million people that are undocumented living within our borders. we have people that may have come here the right way that all of a sudden their visas have expired because there's a backlog in immigration, they cannot be processed so they wake up one day being completely here all documented and the next day undocumented. so we're not having a genuine conversation, and also we're living in a completely different century where people now, immigrants that are high skilled, low skilled, they actually have the luxury of going to other countries and so when -- if we don't provide the best and the brightest an opportunity to come and give us their innovation and their bright ideas, they're going to go to competitors and that's not good for our economy nor for our future as a country. >> josh? what's your reaction to what you have heard so far from those two. >> i think it's largely right and i think the fight over immigration is really a cultural fight, and we have seen that this week with the congressional budget office report that came out saying immigration reform will significantly reduce the
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budget deficit over a 20-year period. there's been an effort to construct an economic argument saying it's going to be costly because people will come here and collect benefits. most of the good research is saying that's not the case. immigrants grow the economy, they increase innovation. also people tend to imgrace at a time when they're at working age so you get a big fiscal benefit because they work for decades before they start collecting old age benefits. all we're left to fight about is do we want america to be a country that's more diverse, less white, and has more people who are foreign born? >> so it's not an economic argument you believe. it's actually a cultural one. >> yeah, and i think also you have a lot of fear among republicans. they think probably accurately that imgrarcht populations are going to be less receptive to the republican party than native-born americans. that's already true in the electorate today. and so i think they have cross pressures. they're being told by elite forces in the republican party you have to do this because it's essential to rebuilding the i am imagine of the party. but they're getting pressure
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from the conservative base that doesn't want this and they're saying these are people that are not voting for me. why am i voting to allow more -- >> can i jump in and say this? >> professor. >> many immigrants end up being more conservative and appreciative of the opportunity to come to america. so if the republican party wasn't so blasted xenophobic or racist in some elements and certainly color conscious to the point of negativity, it could exploit the natural tendency of gratitude among newly arriving immigrants and use them as a base for their political party, but what they end up doing is throwing them with the catchall into one particular handbook and they read them their rights up against the wall of american democracy trying to shake them down as opposed to provide opportunity so they can add to the base. >> maria? >> well, what michael eric dieson diyson is saying is absolutely right. immigrants when they become citizen, because they have a tendency of coming from more conservative countries would actually vote in favor of the republicans but right now the republicans just aren't welcoming them, and that's where the challenge is.
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and i think the republican party has to figure out do they want to control the house or do they eventually want to controlled white house? the demographics of the country have -- we don't need new immigrants to change the demographics. right now the demographic -- >> already functioning. >> exactly right. >> josh, to professor dyson's point, you will remember that in the issue, for example, of gay marriage, many black churches and communities which were largely african-american actually were much more sympathetic towards republican views of that issue than democrat views. >> they were, but i don't know that they are anymore. the polling on this has been shifting. the president coming out in favor of gay marriage was a big driver -- >> i mention that just to emphasize professor dyson's point which is that if there wasn't so much peripheral xenophobia, there might be a greater willingness to vote republican. >> a greater willingness, but also when you poll different demographic groups on questions like do you favor a larger government providing more
quote
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services or a smaller government providing fewer services? you find that hispanics particularly are more inclined toward democratic position on those views. so i think it's certainly a problem for the republican party with minorities that they're perceived as having a xenophobia problem, but i think even if they weren't perceived as that, the economic agenda would still be less appealing. >> maria teresa, if they haven't had enough problems already, the republican party, as you know, keeps getting scarier and scarier. let's move from immigration to congressman phil gingrey of georgia p.m. take a listen to him. >> maybe part of the problem is we need to go back into the schools at a very early age, maybe at the grade school level, and have a class for the young girls and have a class for the young boys and say, you know, this is what's important. you know, this is what a father does that is maybe a little different, maybe a little bit
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better than the talents that a mom has in a certain area and the same thing for the young girls. >> maria teresa, if these guys want to get government off our backs then why are they planning sir rick la to instruct our children on 1950's gender roles for men and women. >> and how are they going to increase the base if right now they're basically not talking to minorities and they're also not talking to women in general. women now are heads of household. 40% of them are heads of households. at the same time they outvote their male counterparts. when the republican party is trying so desperately to rebrand themselves, it's almost as if no one is reading that document saying, hey, the times have changed and let's have a frank conversation on how do you actually talk about men and women and talk about pay equity. let's talk about real policy issues. none of this nonsense of how do i indoctrine ate my chald to say genders are different. >> professor, you have ten seconds. your final thought on that congressman. >> why do they keep going back to father knew best?
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why don't they at least jump back to that girl. did you miss the '70s. there was a working whom who was single. they are multitudes and dimensions to diversity within gender and sex and race and religion. let's embrace them. republicans, stop being neanderthals and come into the 20th century. >> our thanks to josh, maria teresa and the great professor michael eric dyson and good luck to the heat. coming up, did the big lenders learn nothing when the housing market collapsed? we'll ask the hud secretary straight ahead. >> this time wall street investors are pumping money into the real estate market causing a massive bubble that will lead to prosperity. as the old saying goes, those who forget the past are doomed to make mad dollars. [ female announcer ] doctors trust calcium plus vitamin d
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last year a coalition of state attorneys general concluded a landmark $25 billion settlement with the five largest mortgage services. the reason, to address past mortgage servicing and foreclosure abuses. a new report out today, however, suggests these banks are violating portions of that settlement. for more i am joined by the secretary of housing and urban develop, sean donovan. good afternoon, sir. >> martin, good to be with you. >> according to your report, the largest mortgage services have failed eight of the standards in the report. also, four out of five banks have failed at least one of the 29 metrics. can you explain why this has happened? i thought your resolution and your agreement was supposed to solve this. >> well, martin, as you remember, the servicing of mortgages in this country was so broken that we set up this
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process to fix it over three years, and we learned three key things yesterday. one is there is progress being made and specifically the terrible practice of robo signing of literally taking people's homes without reading the documents or even falsifying documents appears to be fixed. a second one, charging families that are struggling to pay their mortgages fees to modify their mortgages has been stopped as well. so we are making progress. what we did learn as you pointed to s that we still have a ways to go. specifically we're finding pervasive problems with banks still not getting back to borrowers quickly enough to help them save their homes, losing documents, a range of things that are still problems, and we need to fix it. >> i have to ask you, sir, is it not the case that mere financial settlements are not enough of a disincentive to these banks?
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where are the criminal convictions? isn't that what we needed for the fraudulent selling of mortgages to unsuspecting people? wouldn't that have been far more effective than reaching some kind of financial settlement with these banks? >> martin, this isn't an either/or. we have problems that were criminal, and we have problems that even if they didn't rise to criminal behavior were egregious and need to be taken up with huge financial penalties. and one of the things that's important about the report yesterday, we never had a system before where we would publicly hold these banks accountable to systematic reviews of how they were doing. this is the very first time. we're going to be doing to every 90 days and i hope you will be covering it because you all in the press can be helpful in not just making sure this data is out there but really naming and shaming these banks as violating these requirements. >> mr. secretary, we would love to cover this and we will be delighted to have you on every
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90 days. this is the first occasion we've had the privilege. the most common abuse appears to be that banks are not informing people who apply for loan modifications that they have insufficient documents. for instance, the error rate for citi was 53%. would you say that we are a still long way from where we need to be on these issues? >> on these issues, absolutely. and, in fact, one of the powers that the monitor has is not only to find these problems but to add more tests where he's finding problems. so we expect to add more testing on these kinds of problems. the other thing i would say is we're going to go back within the next 90 days when we measure this again, it's not fixed, we will start levying million or $5 million fines per violation. if that doesn't work we can take these banks back to court with the full range of penalties. so this is just the first step. our point here is let's get this fixed, and we're going to give
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them 90 days to fix it. if it doesn't get fixed we have all the other remedies available to us that we will exercise to get these banks in line. >> now, as you know, there are encouraging signs that the housing recovery is looking more sustainable and should continue to boost economic growth this year. but mortgage rates have jumped in recent weeks, and some are worried that higher mortgage rates could actually slow the economic momentum, the positive momentum. how much of a concern is that to you? >> look, i think that mortgage rates at 4% are still low enough, they're historically low, to be able to keep this momentum going. certainly if rates were to rise a point or two points, i think that could have a significant impact. but i'm not overly concerned about what we've seen, and frankly, let's remember, one of the reasons that's happening is because we have seen such strength in the economy. one thing i think it's important to point to, martin, is that the
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benefits of this settlement we reached last year, we're talking about these servicing standards, but we announced a few weeks ago that over 600,000 homeowners around the country have received more than $50 billion in benefits. the main benefit they're getting is permanent reductions of the mortgages they owe, and those principle reductions have started to set a standard. i think it's one of the things that's really contributed to the resurgence you talked about. we had over 2 million families get back above water on their mortgages over the last 15 months. that's real progress and the settlement is part of the reason that's happening. >> it's very encouraging news. secretary shaun donovan, thank you for joining us. we'll see you in 90 days. >> absolutely. look forward to coming back. >> we are following developments out of sanford, florida, where an all-women jury has been selected in the second-degree murder trial of george zimmerman. the defendant has pleaded not guilty and maintains he shot the unarmed trayvon martin in
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self-defense. opening statements in the trial are set for monday morning. and we'll be right back. i'm so glad you called. thank you. we're not in london, are we? no. why? apparently my debit card is. what? i know. don't worry, we have cancelled your old card. great. thank you. in addition to us monitoring your accounts for unusual activity, you could also set up free account alerts. okay. [ female announcer ] at wells fargo we're working around the clock to help protect your money and financial information. here's your temporary card. welcome back. how was london? [ female announcer ] when people talk, great things happen. >> announcer: introducing the redesigned jitterbug plus, our smartest, easiest cell phone yet. >> when i heard about the jitterbug, i went online and ordered one for my mom. now my mom has a cell phone
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it's time now to "clear the air", and so it's all come down to this. immigration reform now rests firmly on the shoulders of one man, mr. john boehner. it is the defining moment of his speakership, the final scene. you will remember that during the president's first term despite endless discussions and rounds of golf, speaker boehner couldn't reach an agreement on a grand bargain, and so we had the debacle of the debt ceiling that undermined the recovery and tarnished the corrode worreditw of this great nation. this isn't about the president suggesting socialist policies or channeling his father's kenyan ghost or palling around with terrorists or proposing death
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panels. all of that risable nonsense proposed by dunder heads who suffer with halitosis because they're always speaking from an orifice that's directly connected to, well, you know what. and we've had four years of it. four years frittered away even as the country was on its knees and in desperate need of assistance. four years of repetitive press conferences by house republicans who couldn't think of an original thing to say in a month of sundays. all of it a well-orchestrated side show that they put on center stage every month for four years. but now the very governance of this nation has come down to whether speaker boehner and the circus he leads has any interest in addressing a major issue that they can no longer ignore. it's about the plight of 11 million people, a virtual nation within a nation. it's about the future of this
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nation and the future for millions of families. >> you tell them, kids, we're going to make a journey. we're going to sacrifice everything we have, everything we own. we're going to take you to a foreign land where they don't speak our language, and you might never get a chance to come back home again. is that an easy decision? >> is that an easy decision? and so the test is whether the house republicans are really in it for the country as opposed to being politicians for their own self-interest. is this about service to the nation that they love to talk about or are they to be exposed as the deeply hypocritical individuals that politicians have become in the public consciousness and all of it rests on the shoulders of one man because he knows that this is the challenge that faces him.
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>> speaker boehner, representative rohrabacher said if you bring immigration reform to the floor you will lose your job. do you think that's accurate? >> maybe. >> speaker boehner ponders what to do. he might reflect upon the words of dr. martin luther king during an address at the national cathedral in washington back in 1968. on some positions, cowardice asks the question is it safe. expediency asks the question is it politic. and vanity comes along and asks the question, is it popular? but conscience ask the question, is it right? and there comes a time when one must take a position that is neither safe nor politic nor
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heeheehee. jimmy: ronny, how happy are folks who save hundreds of dollars switching to geico? ronny:i'd say happier than the pillsbury doughboy on his way to a baking convention. get happy. get geico. fifteen minutes could save you fifteen percent or more. thanks so much for watching this thursday and every afternoon, and we do invite your feedback. indeed, we use it every day to decide which issues to discuss on this very broadcast. so add your voice, weigh in on twitter @bashirlive, on our facebook page at facebook/martinbashir. and, of course, you can always find our show segments online at
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tv.msnbc.com. and, of course, the great chris matthews and "hardball" picks things up right now. tony. let's play "hardball." ♪ good evening. i'm chris matthews down in washington. let me start tonight with this, they are the american icons. we see in them something of ourselves, our times, our struggles, even our dreams. in the aftermath of world war ii it was all about aspiration, of new doors open, but also old traditions being honored. our american icons were willie mace and michael mantle. then things started to get looser and along came
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