you're the sitting on mounds of cash and not doing anything with it and you have a huge portion of the government the defense budget that's actually an employer of last resort for a lot of these people and they might get their budget cut so that what happens then you have a media that's complicit in all of that that's really showing these figures almost like a baseball buck score and not going into any detail as to what they really mean only human level let's talk about that rightly why is it kind of this this taboo subject that's just ignored sure we have republican debate last night and maybe these exact figures were released by the debate but i still don't really see questions about poverty line was was asked every santorum or previously wrote a tea party line and he just had this quizzical look on his face like you've never heard of him before well you know it for the republican party at this point is showing you know that america's kind of tribal in terms of you know if it doesn't affect my tribe i don't care and poverty and the poor people aren't really a constituency you know the they don't have a try they don't trust they don't have

a voice and so you know they're easy to pick on and you can also say well i'm not poor i'm not like. you know they might be a racial or ethnic minority the problem is we're you drill drill down deep as this is affecting people beyond minorities i mean you look at a bankruptcy for seniors and students i mean are on the rise so you've got people on both ends of society declaring bankruptcy and it's not because they're going buck wild with credit cards it's health care costs it's losing jobs it's mortgages it's not having any jobs so this is going to kind of creep into you know the complacent tribe let's just say and i think you're going to see people start to tip and say wait a minute we need to ask hard questions about this because even though we're not poor people we may just be that way and some people are if you look at some of these figures you have younger people moving back home and if they had not moved back home they would be tipped into that. you know one out of six statistic them so

i have a figure it's forty five point three percent of people ages twenty five to thirty four with the living in poverty they weren't living right able consider a poor and the only other side you have people who are supposedly trying to come up with solutions i mean you have the heritage foundation which is providing intellectual support for the republicans but what are they doing they're not talking about jobs they're basically saying all these people work or they have x. box well that's that's not that's not what's going on here that's not the problem where they have x. box or not that's a personal cultural psychological priority choice somebody is making with poverty is at the root of it anyway if if your work because you're making weird decisions like buying you know spots rather than food to poverty still at the root of that's the thing to write as i feel like it's probably poverty isn't as visible an american society and you have our it is asians like the heritage foundation will say ok well if you can afford a microwave then you're not in poverty or even if you have a family for the only living off of twenty two thousand dollars

a burger you're not one of those people that's living off of less than a dollar a day right when there are millions exactly it's not going to have ordered we're poor so that's not going to the same time are we moving away from from being a truly developed country to where we are trying to resemble other nations that are less developed moving backwards because they're so i think you're starting to see you know the census figures are showing this bankruptcy figures are showing this you're starting to see it's not an hourglass it's more like a correct have you know caresses very narrow at the top and you can put on them you can surf class that is now being created with attendant problems of crime teenage pregnancy etcetera etcetera and you have the middle class it's getting squeezed and squeezed and squeezed i mean student loan delinquencies not the faults but the liquid cs or what's the problem because that's the whole you know vicious cycle in motion and then you have the mortgage stuff that piggybacks on now so you've got this bottom half of the qur'an that is that is just in order turmoil and. live

that's really you know living off of good times basically it's if i started by a line and in fact if you look at some of the studies out there to you call it a kharab some people are still using hourglass going out of the sea you know some of the biggest retailers out there and the biggest manufacturers starting to tweak their products there is no longer exist and middle of the road product is trying to make you know really high class very expensive materials and that it's morally minorcas and there's nothing in between and that's and that's the thing that the media is missing that's the thing that the politicians are missing with you know this basically covering these horse race type statistics and fear and conflict rather than really bothering down and trying to find solutions how do you cover it to right how do you show poverty in america well people are doing long form documentarians are doing that shows like this are doing it part you know n.p.r. or blogs and news sites that could have the resources at least that down you know the networks and the cable stations are not going to do that because they want

their bread and butter is on this kind of horse race and fear coverage you saw that with the all the nine eleven the stelter i mean and that was something that we could get around you know emotionally this is sort of a lot of us don't want to deal with i mean even conservative republicans have been some of them the military as employer of last resort a lot of them were in districts were not for their people joining the military or working on military bases the only other option for them would be to sell crystal meth ok and so and i'm talking about thousands of rural districts all over say red states but they're not going to admit that but there are people see that and as soon as that starts to eat at them personally then you're going to start to see people press for real change and real coverage from the media so people get information on how to help themselves now is there any way you know of course you can buy a lot of this on globalization this is what's happening with the world because jobs are moving overseas you just. merican workers can't compete anymore did we do this

to ourselves as well how did we not see this well i mean we did i mean really go to the media is to blame for that for not giving the basis of the american population giving them the basics of education but what we did but i mean this kind of concept has been around forever you just create you know you just basically carve out your circular you know when one sector disappears you build the infrastructure up for the next we couldn't even get agreement on that so of course all these jobs go overseas low paying jobs that used to be union jobs and that's affecting you know undereducated a minority of people already and then you know but we never plan for that because we don't like to plan because that seems to centralized in communistic i guess but other countries do to better start planning for the future because phenomena doesn't look like this is going to get any better and it is a growing problem especially for this young population says specially when that's a fact of life chris thanks so much for joining us tonight. how sort of confident

we have our tuesday edition of show and tell and then did fannie mae just bail out banks or america when i say fannie mae i really mean of course the taxpayers of the united states are the driving that topic in just a moment and they ran down the record economic research for this and found it. in so that only a military mechanisms to do that we're going to bring justice or accountability. i have to tell me right to know what my government should do if you want to know why i pay taxes. but i would characterize obama as a charismatic version of american exceptionalism. you know sometimes just a story and it seems so sorely sleep you think you understand it and then you've lived something else here's some other part of it i realized everything is all. i'm

trying hard welcomes a big. say. let's not forget that we had an apartheid regime. i think even funny well. we never government says they're going to keep you safe get ready because you get your freedom. fighter.

all right guys it's time for show and tell us nice program last time we discussed the bipartisan support for the war on terror with both parties backing this ever expanding war an enemy that camp eradicated you have to ask if there's no end in sight who's got a producer for trees and sends you to find out we have to say. nine eleven changed everything the way we travel the way our government monitors us most obviously the way we it spends money we now live in

a world where we are told that we're constantly under threat of attack because of this many people outside washington starting to wonder if the war on terror is also a state of mind a self-imposed life altering fear that we adopted into our daily life even slate dot com speeds on homeland security that we told you about yesterday said that the likelihood of a you was a resident dying as a result of a terrorist it was it was one in three point five million per year that was on september seventh one day later the white house warned of a credible threat to the nine eleven anniversary so how long will this war last and does anyone believe it will ever come to an end anytime soon oh no he said the war on terror will never end there's a way to much out of the among the public and too much money being spent by the military industrial complex on you tube the earth for three eight three seven three eight said of course it will end like all good intentions you eventually run out of other people's money and corporate america would never actually pay for their. and workers all seem to agree he told us as long as congress is tied to defense

contractors their boat will be stuck to the accelerator pedal armed conflict so the reality is since nine eleven two thousand one hundred domestic security costs to go up by three hundred sixty billion and government defense contractors so next one hundred billion of homeland security contracts and yes this spending is fueled by the war in terror many argue we shouldn't be placing a price limit on saving lives inside america but we so few lives lost eleven and so much money spent we have to wonder at what cost to the financial security of the u.s. is that domestic security build up really amount to one thing is for sure it's clear if you look outside on to the streets right here in d.c. with all about it security it looks like a war on terror is in full swing and it is not coming to an end anytime soon. now as always we thank you for your responses and here's our next question for you just discuss the staggering figure released by the census bureau today on the america

more than forty six million people now live below the poverty line and that is the highest number on record that's going to fundamentally change this country rather still solutions let us know what you think what should be done to combat rising poverty rates in the u.s. you can respond to us on facebook twitter and you see you. just like me. now school parents everybody who traveled on the tenth anniversary of nine eleven the t.s.a. and d.h. as both massively increase their security just yesterday we told you about how three individuals were detained for going to the bathroom too often with american airlines flight from los angeles to new york was accompanied to the ground by two f. sixteen fighter jets after air marshals onboard the plane reported strange behavior by three men who were coming and going from the bathroom turns out that's all they were doing and they were questioned and released and everybody else on the plane was let go. now it turns out there was a similar if not more violence in. on a flight that was going from denver to detroit frontier airlines flight six twenty

three was detained at the airport and three individuals from row twelve of that plane were removed for questioning how these three people consisted of two indian men and one jewish arab american woman shot ahead she's an american citizen with a saudi father and a jewish mother and despite the fact that she didn't know the two indian men the three of them were greeted with ten cops wearing military fatigues and machine guns so after being handcuffed and taken into custody of the detroit airport i have his account of what happens next it's pretty uncomfortable on a blog stories from the heartland she described with the jail cells look like there are security cameras point that are for hours she also explained she was subjected to a strip search of her phone taken away denied any communication with her husband and the entire time she was never told why she was being taped that is until hours later would have fishbowls in the department of homeland security am an f.b.i. explained that somebody on the plane reported it dark skinned individuals sitting in the same row an airplane conducting suspicious activities now according to have

his account he didn't even talk to these two men until they were being approached by the cops with machine guns so i think it's pretty safe to label this as yet another instance of racial profiling i barely being a half arab our viewers housewife on a plane is now a crime when f.b.i. spokeswoman gave her statements after the rounds of interrogations sandra berchtold said the public would rather us err on the side of caution than not that erring on the side of caution is one thing but to hold an individual for several hours for some to undergo a strip search although not informing them about why they're even being held that's quite a different story has more proof of our society has changed in the decade after nine eleven where anybody who might have a tan complection despite their citizenship is going to be held under the magnifying glass. and now here's a story that you haven't heard anywhere else than you may may have bailed out bank of america to the tune of almost half a billion dollars this month and we say may have because the details a recent deal that was made are pretty scarce. but

a little suspicious here's the breakdown and early august fannie mae greed by the mortgage servicing rights and a portfolio four hundred thousand loans with an unpaid principal balance of seventy three million dollars some think america got in exchange for the right to collect the payments from homeowners bank of america reportedly received five hundred million dollars the real prize however isn't known and neither are the contents at this point for portfolios now that should make you the taxpayer a little curious since fannie mae it's been bailed out more than once is essentially now government own so your money went into this deal and if the white house's plan national refinance program goes through that means that you may have just gotten a really bad deal but enough of my very cryptic explanation here if you are just to tell us what's really at stake if you want to discuss this is anthony randolph so director of economic research for the reason the nation anthony thanks so much for joining us tonight and here now you actually brought this story to our attention some late but you take it away first of all you know tell us about this deal was this something that we had a lot of people competing for were these and as far as really hot commodities well

the so behind the scenes the bank of america said we have this portfolio of seventy three billion dollars actually worth a shit there's no idea why it was but you know millions and billions these days what's the difference so they said we've got the mortgage servicing rights is not the loans it's just the right to collect payments on those and then you take a fee off that so they are worth something and about five or six different financial organizations got to take a look at this portfolio of loans to see if they want to bid on it before anybody could bid on it they just sold the fannie mae which is a little bit curious there was no public bidding no one else submitted it just barely made kind of comes in and makes a payment which i don't just under the surface so why would think america is just sold us to pay me to do you think that makes americans pay more than anybody else so as a taxpayer over paying for these maybe they think that no one of the private sector even lots of these maybe no in the private sector really did good on it because it's complete crap so then why is it. xperia buying this either way it's sort of

suspicious now the easiest way to kind of so sift through all these questions is to take a look at what fannie mae purchased but fannie mae isn't telling and neither is the regulator f.h.a. and the bank of america that doesn't seem like it's legal right i mean i've just seems so frustrating because you would our taxpayers as though it's our money essentially sense that we may is now run by the government. how could they do that they don't have to disclose anything before they just invest my kind of this little member of congress could ask if it's a forced fannie mae to disclose this and maybe by law they could or you can file a freedom of information act request and maybe you could be able to get that i mean i don't have the resources to push a lawsuit you know for a four year and so far this has been a month since this deal went down here we wrote something on our blog on this the first day this report as i put this kind of it's interesting but it will probably get cleared up in the next couple days i'm sure somebody in congress will ask you think that a democrat who is furious at the banks for their view causing all of these problems

in the french you with financial crisis would say well i saw the bank getting bailed out you think that the republican would be upset at the possibility of taxpayer funds going to you know some superfluity sort or costs and some heavier cost to the taxpayers but no one said anything and so we we wrote a piece today and i wonder why why why is nobody sort of calling them out on this now it could be that fannie mae's actually doing a good thing in part in theory you could own all of the loans in this portfolio and they are buying the mortgage servicing rights to give to another company they could better handle them the bank of america to ensure that losses in this are lower for fannie mae so that that's possible but if that's the case why don't you just come out and say it and this is not the only deal with it's hard to hear it are we just want a little girl and actually i want a little bit of truth i completely understand that especially i mean it's not like these things you know we heard so much about warren buffett of course investing five billion dollars in the bank of america and you might. in this story i just

feel like the kind of the past and there are nobody's even heard about it. hasn't been a lot of talk about it and i think a lot of people were just figuring that sort of details are emerging this isn't the first time fannie mae's done this and there's possibly they've done this with several different organizations and it just isn't getting reported because it's small amounts of money one person commented on the article that i wrote it's five hundred million dollars what do you care it's five hundred million dollars this year i'll try to assure you you know in the in the grand scheme of a seven hundred billion dollars bailout maybe that's a small amount of money but five hundred million dollars of taxpayer money it's not a small amount of money and we should we shouldn't be letting you know a several million dollars go by the way we should listen to be lending five hundred million dollars if that's what's giving ways to go by the way so that at least asking questions and the principle here is really important because what if the next deal is sort of a ten billion or twenty billion and we haven't sort of established disclosure transparency is there not quite the opposite is that a bad precedent in that sense but why exactly do you call it a bailout ok so here's here's how it could be

a bail out this sort of pool of mortgage servicing rights if anybody forecloses on one of the loans that they're collecting payments on or any of those get refinanced or any of those get paid off sooner then the value of that portfolio drops so it's a seventy three billion dollars of loans maybe you're maybe you're going to make five hundred million or billion dollars on that account we might see a lot of refinancing now we're going to see a lot of refinancing is coming or we've already are there is. bank of america has said in this portfolio there's at least thirteen percent of it is going to become delinquent so least thirty percent of it is bad at least one organization that i've talked to that looked at this that was given the opportunity to put actually wasn't given the opportunity to put it so that it actually might be twenty five percent is the delinquency rate in this portfolio which means that there could be really heavy losses so bank of america doesn't want this on its balance sheet so if they are generous take it now and this is one of the good spirit. is the right thing comes

in it's white wall then but the united states government has a lot riding on bank of america surviving and they're doing anything they possibly could to short of ensure that make america doesn't go under the americans got a lot of problems right now this could just be a small part of sort of the broader treasury the treasury plan now and try to keep it if we're able to sort of you put up again we don't know at a very simple way of sort of answering this question is there some disclosure from f.h.a. for us well that's exactly what i tried to bring light to it now so hopefully somebody out there will answer because if there is another bailout going on why this too big to fail business i think the taxpayers should know about it and thanks so much for joining us. now still to come tonight congressman says that we should look at ways to violate everyone's first amendment rights that's right. and stick around for happy hour rush limbaugh wants to add a president's base there at mount rushmore was something our cops were caught on tape dirty dancing uniform when he got.

into that only the military mechanisms do the work to bring justice accountability . i have every right to know what my government should do if you want to know why i pay taxes. well we characterize obama as the charismatic. of american exceptionalism. you know sometimes you see the story and the scene so you think you understand it and then something else here's some other part of it and realized everything you saw you don't know i'm sorry there's a big. let's

not forget that we had an apartheid regime right here. i think. either one well. we never got the says they're going to keep him safe get ready because the freedom .

i did sign for tonight's tools on war and tonight it goes to congressman peter king how the new york republicans made headlines this year for holding a muslim radicalization hearings on capitol hill that were nothing more than a sideshow and a waste taxpayer dollars but a three thiering strike outraged by critics who call them just in a time to spread fear of muslims here in the u.s. and i totally agree unfortunately tang is actually repeatedly defended his hearings i believe it's important to have this investigation on radicalization of the motion community we've seen what happened in england we know that archaia is trying to recruit people over here such as they did with the subway bombing in new york less give you time to the subway bombing times square bombing these are all people living legally in the united states. so today congressman king continued his work

of spreading fear of muslims with this time he took his hate tour on the road he traveled to england today to speak about the causes of domestic muslim radicalization and share with british lawmakers what he's learned during the three hearings that he held this year i guess you could say the king is trying to export u.s. islamophobia over to the u.k. so during these hearings on lawmakers brought up the recent riots that they had the u.k. for days police and protesters crashed clashed across london and several other cities and the riots began after police shot and killed a resident in the tottenham neighborhood of london was quickly spread with the help of social media sites like facebook and twitter so during those riots police and the british government indicated interest in potentially shutting down social media and other communications like that blackberry messaging in a country that's something that is tantamount to the same type of censorship they criticize other countries for but i taste here and congressman king was asked if he had any suggestions about better controls for the internet so take

a listen to the n.s.a. we can let you see but you can. only see the good sites like facebook and twitter it's like i do know we. can for you. so we try to point out. for. oh we have that pesky little first amendment issue do we that's funny i thought it was a constitutional right not an issue but apparently congressman king just can't wait to find a way to get around it just because we have modern technology doesn't mean that you obviously think it's a modernized one of the basic rights we have as american citizens just love it when politicians try to trample on the constitution ninety nine percent of the time they wrap themselves in the document talking about how great a bizarre we shouldn't be tampered with until those basic rights and freedoms get in the way and then they just say screw it hell if we listen to every time a politician told us that we need to give up our rights to keep us safe we have none left so for acting like the first amendment is an annoying issue we're giving

tonight's told time awards new york congressman peter king. all right it's time for happy hour and joining me tonight is our two producer jenny churchill and ethnic morris santoro reporter robert for talking points memo. thanks for joining the guys. say oh rush limbaugh a lot of huge fan of it you couldn't guess that he was trying to write much about rushmore and somebody that he thinks should be added to it take a listen. george w. bush by the way stands tall it retrospectively. not want to track great statesmanship. if somebody told me today they wanted to put bush's face a little more i'd be

a little courting. now i mean really of all people a george w. bush does that should be on mount rushmore i feel like we have some some better presidents that might deserve to be up there i just i mean i'm not because i guess i'm not surprised that rush limbaugh actually said this but on mount rushmore you know well he didn't say reagan wouldn't be the obvious republican president but i mean when everything. is actually treasonous but he said that the rebels first usually take the other republican party actually i looked at this. for the show and the first thing that popped up was a picture that someone had superimposed reagan and bush it's faces on both of us yes it's a big move that is we know right there a whole lot of rumors and i've never been about rush very hesitant rushmore i haven't always you know i kind of like the like now you know when talking about this anymore because now we just look like never been there we're talking about what should be like we had to carry we had to like george washington thomas

jefferson abraham lincoln or on mount rushmore i hardly think the george w. bush theater was well it's on there i think if we could i think if we could find a way to kind of memorialize the s. and l. for sharon george bush on mount rushmore i'm all for that which is what it should matter slight or something yes. yes you know just be cool greatest greatest hits just kind of playing on the other faces that's totally defacing the rest of them but i don't care he could just you know feed the other fictions yes we could take over and kind of do impressions and anything maybe other. like a little preemptive war on. him ok let's move on to something else this enraged my sister a little bit this was taken from new york and this was the west indian festival that was going on in a couple of police decided to get in on the dancing.