but can they learn a show where you get the real headlines with none of them or see we live in washington d.c. now tonight we're going to take talk about the obama administration's revamp of housing program to help keep more americans in their homes but is that actually enough reasons anthony randolph was going to join us for that one and then julian assange has announced that wiki leaks is shutting down its website for now to fight the financial blockade that companies like these a master card and pay pal have put up against the whistle blowing organization so if the money doesn't start flowing again could it be the end of wiki leaks and one of the dangers here for the freedom of speech then the obama administration reportedly debated launching a cyber offensive in libya before they actually decide to go with cruise missiles and the drone strikes so how much closer does that make us to having cyber war become a concert reality where you have all that and more including it as of happy hour but first let's take

a look what the mainstream media has decided to miss. right so the mainstream media which so do have fully reported on the arab spring while revolutions are breaking out in tunisia and egypt is back on the revolution that wagon well of course either ignoring or mocking the occupy wall street movement right here at home but now that those revolutions of taking place now they get off even kills the next question is of course what comes next and it's unita elections actually taking place. i think shills in tunisia are counting votes in the first free election in the country's history people are now rushing to the polls more than eighty percent of registered voters in the country participated people waited patiently in line says i'm some of the more than three hours just to get their chance to vote no violence was reported during voting yesterday it's been ten months since the uprising that overthrew tunisia as president and inspired rebellions in other arab nations the world is now looking to tunisia as an example

of what democracy in the arab world could look like you really felt the emotion yesterday is hard for me to capture but there were people who started crying as they talked about how wonderful it felt to choose representatives that they wanted rather than somebody who'd been imposed on them. and so when you're watching that coverage even see emotions displayed by the reporters about how wonderful it it's a sea of the tunisian people vote in democratic elections and it's great to see a vote but the big question in muslim countries of course is when people get to choose what they want what happens if it's not a choice that america likes in tunisia for example the moderate islamist party has now won the elections and assign a conservative news outlets the rest of the media kind of likes it was over that part perhaps the best example for this well the way we used to support democracy in getting dictators out but now we're not so sure what to say about any war that comes from fox news and their reaction to the libyan trans national transitional national council saying that sharia law is going to be a principle. this mustafa julio said yeah the areas i have an

idea on how to rule libya yeah forget about the democracy have a better idea it's the shari'a law and then they put down shari'a law good luck women give it up you have no more rights no more ability to drive no more ability to go hold jobs fantastic makes you wonder you know if a bank rips people off for a lot of money will they behead them if that answer is yes you might think that some people would think hoover could actually get a pretty good idea that's not a really good idea but nonetheless shari'a law this is what it's all that money bought shari'a loamy. i crack up every time i have to listen to the bumbling three but let's think back on what they actually just said so this guy just decided to forget about democracy that's what all the money bought and wait a minute were you guys really stoked just a couple of days ago and robbie was killed and now you're bitter about that one billion dollars that was spent there because you realize that maybe that obviously gone doesn't necessarily mean that libya is going to embrace american style

democracy i mean that shows a fundamental misunderstanding which often leads to a lot of hypocrisy about the middle east and north africa because we know how this game goes we've seen it before propping up a dictator when people want them out you support the fight for democracy when they can step in and put a new leader in themselves well that's when officials get really earth that they've lost control of the situation in democracy it might not look exactly the way if they wanted to and the truth is that we have a very long way to go to see what a new tunisia and egypt a new libya are going to look like and guess what the results might not exactly be pretty western friendly but he's a muslim countries you have to take those things into account and unfortunately democratic elections aren't guaranteed there either tunisia might be leading the way there but in libya these new rules have basically just been decreed so it's going to be a complicated rough road but you know the mainstream media always cheers first and then thing flater and it's that lack of understanding that lead them to put their foot in their mouth over and over again i really think of fox that we're having the hardest time with this one because republican lawmakers well for sure they have to

support democratic aspirations of revolutions but then do they have to necessarily support the results too or can they take a back say that hey we were just kidding unfortunately there is no way to have it both ways but that's of the mainstream media is happy to miss. well president obama is making a few stops on the west coast this week to promote his jobs act and get a new slogan of we can't wait go it so we can't wait goes along with new programs would be obama administration isn't acting and don't require any congressional approval so since they've been stuck in partisan gridlock that doesn't seem to be going away anytime soon i guess that that's not so bad of an idea but one of those programs announced in las vegas today and it's basically a revamp of the home affordable refinance program started in two thousand and nine at this point has helped less than a million people so this new broader refinancing program is going to take away some of the roadblocks and the strict requirements borrowers can now refinance

regardless of how far their homes of fallen in value their financial situation also isn't taken into regard as long as they meet at least six consecutive monthly mortgage payments and also limits legal responsibility for bank and largest mortgage companies if there are problems with the original loan but all of this only applies to loans that are owned or guaranteed by fannie and freddie so what you say about this overhaul is the administration and finally they are weighing in on the housing crisis or is this still kind of a weak attempt to discuss with me as anthony ran down so director of economic research for the reason anthony thanks so much for being here tonight you know this is you love this stuff right you love talking about housing and how utterly. it was so i'm really curious as to what you think of this of this new revamp because we're constantly hear you and i talking about how the past attempts to hand over this program as well how they have just been complete failure is maybe the obama administration really really screwed up on this one out of the other things with a screwed up with the economy so is this at least a good try but i think it's

a really we could such. a key thing is what are we trying to accomplish with this you know this point even the administration would tell you this is not an attempt to solve the whole housing crisis anybody is going to try and frame this planet as you know this is the the white house. trying to solve they're not they're not trying to do it and it can't and won't what it basically is is doing the things that you outlined is going to do to be things. the fact that it's no longer a limit of how far your house is underwater and you have sort of access to the st louis refinancing program and the fact that banks now have this carrot dangled out of in front of them if they participate in this because this is voluntary. the banks may be able to clear away some of their liability and that's the to give sort of waiting around or it is that because they feel like today for had quite a few carrots dangled in front of them out of the last couple of years they're still sitting on cash and not getting out so not all the details are out just the broad strokes of the plan were released today we're not going to get the specific

details until november fifteenth so the devils are the devil's really in the details in terms of whether or not the banks are going to go for this and the fact is if it's not good enough they're not going to want to jump into this program any more than they did the previous programs because banks and investors oftentimes lose money with refinancing is because you're investing over your wanting to get interest over a thirty year time frame and then you prepay loans you lose money so you need to have a good incentive to want to jump into this now another instance of this is that you know banks don't want people to faults and so there there is value in refinancing and what not but what i think is the weakest part of this is it's not going to impact that many people there certainly are going to be people that this is going to benefit but even if it's f.a.a. the regulatory agency that's going to that's overseeing this and is implementing these changes their estimates are between eight hundred thousand and a million people are going to access this at most the original point was that a lot of guy really is now a little more realistic because at this point they say that under

a million have already been taken by the program right now they're revamping and they're saying maybe up to a million you know at least by being more honest this time instead of saying you know blanket five million people here in iraq so they're potentially being more honest and some estimates suggest it could be as low as six hundred thousand some say maybe as. much as three million but here's the key thing the point here is going to water borrowers we're not we're not trying to help out people who are able to pay their mortgage and have equity in their home but all of the about nine hundred thousand people that have participated in this program so far only seventy thousand of those people have been between one hundred and one hundred twenty five percent. underwater you know it's technically called l.t.v. the loan to value ratio but so most of the people that are purchase are in this program and they get equity so that's an ominous sign that expanding the program basically taking that capital you would have thought that you know even without that cap lots of people up to that cap would have taken advantage of this but they

didn't so there is an ominous sign going forward that this is going to have much of an impact for people that are underwater why do you think that so many people didn't take advantage of it is it because in some of those barriers that you know that we're talking about that now have been taken away as a matter how much the night spawn does it matter what because there are some people that say that you know i barely got my financial situation is too good so i didn't qualify to be part of the program to get some help or is the word not out and i think i mean there has to be a reason why this failed and well the couple a couple things don't go away with this one of them is the bank backlog so that's one big reason why foreclosure refinancings and modifications haven't gone through at the rate that they might otherwise like good ones people the ones that you're qualified for and that's because there's just so much out there and there's the foreclosure pipeline that's sort of backlog another reason is the fees associated with it with refinancing and that has gone away that is one of the things and so that might be one of the things that really might get more some of the some of those people who are over the hump and so you might see if you more people now i

don't have a particular problem with people wants that are underwater that are underwater in their home that are able to refinance or go through this program. it's you know it's owned by fannie mae and freddie mac. they actually technically have a legal right to do it i don't i wish that we were focusing our efforts on something that was helping the debt problem like on a broad scale i think we're just still sort of basically. basically not we're not addressing the core of the winding things that are going on but. perhaps in the back i guess and yeah right senator we don't really have we have to have a super committee when i go there are not getting anywhere but what i have a problem with is people who can refinance that are basically going to have less fees charged to them that are basically healthy far worse that are going to go to refinance because those less fees are going to take away money from fannie mae and freddie mac. and every quarter fannie mae and freddie mac. take money from the taxpayers because lose money but it's a vicious cycle because i think you know you could say the government at the same time maybe they're not so worried maybe they just want people to have lower fees so

they can then have the largest possible income so they can spend it and then you know you get to count that as part of a reinvigorating the economy and consumers are buying again and then we get this impression that things are going just fine but that consumers are buying more time being taken i mean i i it's overall it's a weak attempt at a huge problem i think that's the biggest thing to take away is we need if you're going to take bold actions if you want to make bold proposals to congress you can make you can make bold steps when it comes to dealing with fannie mae and freddie mac. this is a weak attempt but overall if you look at the bottom ministrations policy the way they try to you know type all everything that you can look at the stimulus right you can look at obama's jobs plan he's trying to get out there do you think that housing is their weakest part you know i mean why were they so why weren't they more aggressive and if you and i said mr geithner which i can't remember who the reporter asked him that question last week they act in that he said we underestimated the depth of the problem there were lots of people who myself

included were yelling in two thousand and eight two thousand and nine but housing is a credibly important part of moving our nation forward it's not only stimulus it's not just iraq it's a manderson's serious debt problem and secretary geithner admitted we underestimated the problem so now they're yeah and so and so now we basically drag out the foreclosure crisis through an ineffective harp and effective hand program a sort of sister program that basically just meant that instead of having a lot of foreclosures in two thousand and nine. we get them now we get them started ten eleven and twelve we get this built up shadow inventory where we have it yeah but basically four times the number of homes that are waiting to be foreclosed there is currently on the foreclosure market and that means that that's going to be another forty or so months more homes entering the base becoming getting foreclosed on and entering the housing supplies that's putting downward pressure on prices for a long time that should have been dealt with in two thousand and nine so

a big push now and now the slogan is we can't wait so if we can't wait it's actually takes a lot of bold steps that the white house said in february we don't need fannie mae and freddie macas they're actually causing a lot of problem because they're keeping the private sector private sector financing out of the housing market so put forward a plan to begin to phase them out over five to seven years couple it with of this refinancing program if you want to take a bold action you're right we can't way we can't say this is not the time to change things in the housing market because it's too fragile there's never a good time to address housing finance reform it's either we don't want to slow down the building boom or it's too fragile we need to take bold steps this was incredibly disappointing so i am and i thank you so much for joining us tonight and we'll see if i can say if the banks actually go for it and letting us see at least a little bit a little bit it's not. all right there's still much more to come tonight hundred thirty occupiers were rescued over the weekend let me tell you where it happened and katrina they continue to bring you the latest on the right in the face and then

raking leaves in trouble this time it has to do with their finances and find out exactly why the whistleblowing organization is putting a halt to all publishing. thanks . thanks. to the police looking to. make reports as to nobody seems to know. that never a pepper sprayed the face but more of the argument that they're being overly dramatic. sometimes you see a story and it seems so you think you understand it and then something else hears

you some other part of it and realize that everything is ok you don't know i'm sorry welcome to the big picture.

mr. well the second month of the occupy movement is underway with several new cities jumping on board with their support and even a few city councils the city of los angeles has released a statement saying that it supports the peaceful and nonviolent exercising of first amendment rights now back on the east coast well known philosopher noam chomsky showed up to occupy boston to express his support but in chicago things weren't quite as peaceful over the weekend protestors are still attempting to create a headquarters for the occupy chicago movement so they march to grant park on saturday night to try to make that park their very own scotty bonaparte close the rest began.

right. now overall one hundred thirty people were arrested saturday night which marks the fourth week of mass arrests relating to the occupy movement but let's go back to where it all started for a moment let's go to the park over the weekend the demonstrators got a visit from folk music legend pete seeger and the ninety two year old seeger was joined by his grandson and several more protestors for an impromptu performance at symphony space. a i. now that wasn't the only action that took place in new york city this weekend this past saturday marked the annual day of protests to stop police brutality so several members of the occupy movement marched through manhattan to show their support and

the common stop police brutality was also echoed by an anonymous activist organization an open supporter of the occupy movement released the names addresses and social security numbers for members of the international association of chiefs of police and in a press release anonymous and its subgroup anti-sex said that they wanted to go after law enforcement for protecting the one percent that has went on to say we have no problem targeting police and releasing their information even if it puts them at risk because we want them to experience just a taste of the brutality and misery that they serve us on every day basis and i'm not so sure that's the right way to go about it not every police officer out there using sex of excessive violence or gets out of line and remember they're also part of the ninety nine percent they're also losing their jobs they're also losing their homes that's one of the unfortunate result so far of this occupy movement across the country and then it's pitted in many cases the two groups against each other when really they have the same frustrations with the corporate control of the country now a lot of my movement continues to grow so do its coffers at last count occupy wall

street and received almost five hundred thousand dollars in donations and else now becoming a bit of a sore subject for a lot of protesters who feel like they don't have access to that money and groups financial committee is having trouble securing people who are able to handle the donations because as they put it there freight of takers but they do finances while contentious issue you have to show that increasing support for the occupiers so it was once a few thousand people who called for an end to corporate greed has become a nationwide even global movement at least half a million dollars in donations. and wiki leaks is going broke and it might not survive in the next year that was messaging julian assange when he announced at a press conference in london that the whistle blowing web site is shutting down its operations until november twenty eighth on or the focus on finding a financial blockade and raising new funds now if you remember it was in december of two thousand and ten that these that master card and pay it out through the biggest payment providers that dominate the market cut off funding to wiki leaks

western union has also cut off that funding as private companies they have the discretion to do it but it came out the members of congress by joe lieberman are pressuring the companies to do so now it's said that in two thousand and ten wiki leaks donations are running at one hundred thousand euros a month but now they've lost ninety five percent of their revenues so could this financial blockade actually lead to the end of wiki leaks and what are the greater dangers here for free speech joining me to discuss this is trevor tim activists of the electronic frontier foundation and he carries the legal twitter feed we're reporting on legal and first amendment issues surrounding wiki leaks trevor i want to thank you so much for joining us tonight and i mean are you surprised a lot of the financial blockade actually ended up hurting wiki leaks or considering how much pay pal master card and visa all dominate this market has become virtually impossible to give money to the organization yet i mean this was kind of inevitable because as you said. it was sort of the guardian saying that they respect control ninety seven percent of all humans online so when you can't. be certain

it's money it's going to be problems especially with all the legal costs there are all the trouble with their servers and just the traffic on the roads. so funny so. why. i'm censoring with you it's corporations and government who might you know would be organized but eventually we can suffer as well exactly how much money do you think that it takes i mean are they using the majority of their money to deal with some of these legal troubles that they're having because i'm feeling the science that they are getting but was it ten million pounds a month in two thousand and ten that's a lot of cash. yet stepped on a lot of cash i'm not sure exactly how they spend their money but i do know their beer a lot i think it was of months ago when they actually found. a loophole in the way

to use a process of six payments and they ended up having a twenty four hour window where people could donate and that's where we really saw how much donations they're using i think within twenty four forty eight hours. he says shut them down again they. recent other six figures for money so to save the. images they're fun reasonable is. an understatement now so what is time said basically is that they're putting all their publishing to a halt for now because they're going to try to fight this financial blockade and i know they have a few legal processes in the works in europe but how much can they really do in this case. yeah i don't know about europe but in the u.s. really it's up because this is essentially the government spend to run and run around the first amendment because you know the first amendment respects you from government or government speech but essentially what they did was start pressuring

these companies like him and it started with amazon joe lieberman staff so you know you should be horse news people and then after amazon read the next day julian went on t.v. and said well i hold one of their company's stock soup and so you saw abuse and mastercard and like almost immediately cut off all use. processing servers and he didn't really say well i do said well if i was terms of service this was illegal but it hasn't actually done anything or and i think they're just kind of rushed the judgments thinking that publishing classified information is legal when we know that newspapers do it all the time especially every day over the last week journal of the york times the washington post post classified information that has nothing to do with us. they just assume because the government is using the exterior words there. something that's wrong now so clearly pressure not to play for

all here because you know people always mention as well you can still donate to a lot of corporations that have broken the law as numerous times and in this country you know that had lawsuit after lawsuit but yet for some reason wiki leaks that hasn't been charged of a crime or convicted of any crime here in the u.s. for some reason you can't really tell an aide to them anymore and so you know i think that that really brings up a bigger issue because wiki leaks clearly has become a very divisive organization right there a lot of people that just fundamentally disagree with what we think it's doing they think they're putting classified information out there in danger in lives but how do you get people to realize that this is about a much bigger issue this is about free speech and the fact that if it wants to you know it with pressure from the government private industry can essentially silence that. yeah that's a great point i mean whether you like refutes or eight weeks which i understand a lot of people got such runs with. this or do you publishing all these secrets but either way this is something that people should be very up close once

the government starts this president where they figure out they can pressure these private companies and so into doing their bidding essentially then who knows what's going to happen are going as you said there are plenty of companies. if you use the law breaking or actually broken the law nothing ever simple happens that you know you have you know you have the big scandal england a couple months ago. news corp there we spoke with the world where they act were actually involved systematic cooperate hacking people's phones and grabbing for needs yet you didn't see the said master card trying to put on stop processing payments that were street journal it's just not something they would do if these companies had to. you know shut our service for anybody accused of breaking the law they would be out of business a week and if they had shut off subscriptions or newspapers because classified information every newspaper major newspaper in the country would suffer from that

so so it's a very hypocritical stance even though you can technically get away with it under the first men you close the companies are allowed to use with whoever they want which is disingenuous the reason. yeah there's always that double standard of course when it comes to well a thorough allowed especially if there's anyone that's white house officials they're leaking them you know by choice or whether it's wiki leaks and somebody actually gave them that info and i know you follow everything that's going on about weekly follow the time get any updates in terms of julian assange has appeal or anything on the grand jury here in virginia. well i think you know it was supposed to have sound at least a month ago and i guess everybody's just kind of waiting to see what happens that the grand jury is who is kind of stalled right now they lost on their their prosecutors left the justice department so we're kind of in the dark right now because you know granger is an app where our secret and. we don't really know if

the government is. still pursuing it we assume the army where perfect stops but. no information as to whether osama will be charged with espionage at us what we can say is that if he is it would affect. every. country is one of the most actually promote lies national security journalism on sunday everybody. because at. the time so they don't come out of the new york times this time and they say trust us going through. it's the next time that everybody's worried about what this president saying well you know this last fight information so now we've been jailed i carry want to thank you so much for joining us tonight and of course i guess we have to wait and see they have their whole thing all publishing until the end of november and that maybe there will not even be any wiki leaks throughout two thousand and twelve they can't get any more cash so after all the story thanks so much. thank you. now coming up after the break i mean responding you the viewers and you said it i read it and the obama administration

affordably debated launching a cyber crime so they live there and take a look at what health and back. into it only a military mechanisms do don't work to bring justice or accountability. i have a right to know what my government should do if you want to know why i pay taxes. well i would characterize obama as the charismatic version of american exceptionalism. you know sometimes you see a story that seems so silly you think you understand it and then you glimpse something else here see some other part of it and realized everything you saw you don't know i'm sorry this is the.