matt -- fannie mae and freddie mac. there's a reason why this has become the standard. partly it's because of the standard. it is something more banks are realizing if we write the principle we are more likely to recover in the end because we get the call on arab light at the end of the toner. -- because we give the homeowner light at the end of the tunnel. i believe that as we see further results from the settlements, as we're able to document that it makes more families likely to pay, the case will only become stronger the principal reduction is the right way to go. i have not given up hope. this is something we will continue to push on. we certainly hope and expect that fannie and freddie will reconsider the decision. >> we have a few minutes left. >> you mentioned the settlement. that would have been february it was finalized. i am wondering your assessment of how effective and significant it has been. a lot of homeowners have seen help from that appeared at the same time, a lot of states have taken this and use it

mac. -- fannie mae and freddie mac.r. moore followed up with a staffer by e-mail in and asking, "how did that meeting go?" it is our recommendation that these two e-mails sent by mr. moore were an effort to assist one united and not the greater class of banks. what we determined that these two e-mails were official acts taken by mr. moore to assist the bank, we're not able to determine if these e-mails were sent before or after. it is clear that representative waters told mr. moore he should not specifically assist one united. representative waters stated, and i quote, "we were only concerned about minority banks broadly." as her chief of staff, mr. moore is her most trusted staff member. she should be able to rely on his recommendations. mrs. waters took the important step to instruct him not to assist one united. we recommend to this committee that the evidence does not support a finding by clear and convincing evidence that representative waters failed to supervise her staff. mr. chairman, i will address the evidence

the republicans said in 2009 and 2010, you must do reform of fannie mae and freddie mac. d we thought financial reform came first because we already stopped the bleeding. then they came to power in 2011 and they've done nothing, and the reason they've done nothing about fannie mae and freddie mac and the reason they've done nothing about the post office and agriculture and didn't do anything about the highways is very simple. they're a party torn between extremists and people who are afraid of extremists, people who will not take them on. mr. speaker, who will not bring an agriculture bill to the floor that might very well pass because he's intimidated by his own tea party extremist wing which rules him. they could not come forward with housing legislation because what a majority knows should be done to put in some kind of federal private cooperation without the mistakes we've made in the past, they couldn't get the votes for it because their extremists had a veto over it. last point, mr. whip. i want to talk a little bit about bipartisanship. in 2007, things began to buck

the expansion of fannie mae, freddie mac and hud, allowing banks to balloon balance sheets. clinton may blame bush but it's tough to figure that president clinton wasn't at least partly responsible for the housing bubble. let's talk to david goodfriend, steve moore, author of "return to prosperity." steve, we'll start with you. i thought bill clinton was reagan's third term. for him to trash republicans and bush doesn't make sense. clinton has nothing in common with barack obama. >> that's exactly right. that was the point of the editorial today. the lead editorial. in a lot of ways obama has been the anti-clinton. let's talk about a couple of areas where obama policies have been in complete contrast to bill clinton. first of all, bill clinton was a fiscal conservative. he did cut spending. there was little growth in the budget under bill clinton. of course barack obama gave us just the opposite. an $830 billion stimulus plan. the second one that's pretty obvious, larry, is barack obama, very famously said he was going to end welfare as we know it. he signed the welfare refo

. >> fannie mae and freddie mac have been under federal control for over four years now. the administration has a set of options but never a detailed recommendation for what should be done with them. is the time coming for that soon? >> when we put out our ideas for housing reform, we were very clear that there are a basic set of choices to be made. we made out three clear options. we were clear that there has to be some basic consensus of rounds which of those directions before we can get into the details of what legislation should look like. there has been a lot of partisanship. this has not been something that congress has been able to reach a consensus on. particularly attention is focused on the campaign and election. there has been even less attention. what i would tell you is a we are ready and eager to get into the details of how to reform fannie mae and freddie mac. the president laid out a set of options on what we would do. what we need now is for congress, and i expect this will happen soon after the election, to focus back on is there a bipartisan solution th

freddie, the guarantee, but that is a real guarantee. that will have a positive impact. cheryl: that is the reason we keep propping them up. fannie mae and freddie mac. let's talk about the refinance environment. a lot of viewers having a tough time. they want to do it because rates are incredibly low. are things getting any easier right now? >> right now, i don't think that they are. however, one thing that will make it easier is that when you have of situations where we're getting appraisals, it will be easier to get a property appraiser. what a situation where foreclosed homes were sitting on the market and were dragging down property values, we are seeing investors have bought up a lot of good lower-priced homes, and that will certainly help the market's. cheryl: what about cash bills? it seems that there's a lot of investment capital, investing in property, 456 homes at a time. is that still happening? forty think that open? >> it is absolutely happening. a lot of capital moving into the area. still only seeing a pretty values back to 2003 levels. you're not seeing consumers, but definitely investors have moved in. that's defini

because of fannie mae and freddie mac and the federal housing administration, and federal rules, federal bank regulators, members of the jury, where the bonds who commanded that these banks owned mortgage-backed security. the worst possible investment that they could make, federal regulators commanded those banks that they had to hold those mortgages. those federal regulators and the federal rules are responsible for being -- bringing the big banks down. if we can restrain government and we can bring a muzzle on government and we can get rid of dodd-frank and get rid of all of these regulations, if we can get rid of all these tax increases our economy will flourish again. mom-and-pop investors will make money. we will all get rich and government can be small enough you can drown it in a. thank you very much. [applause] >> now your three minute closing statement. >> ladies and gentlemen of the jury agreed with the defense contention that government is a big part of the problem. government so vividly to make rules that benefited wall street enormously and enabled them to turn them to turn

it has to do with fannie mae and freddie mac. when my republican friends a out of power, they know exactly what to do about housing. when they're in power they forget. it's a peculiar form of apple nearbyia. from -- amnesia. from 1995 to 2006 they controlled the congress and did nothing, nothing about fannie mae and freddie mac. we came in 2007 and took action and put them in a conservatorship and stopped them from losing money. the next step was to go forward with replacing them. we said that we wod do that. we did financial reform first. the republicans said in 2009 and 2010, you must do reform of fannieae and freddie mac. and we thought financial reform came first because we already stopped the bleeding. then they came to power in 2011 and they've done nothing, and the reason they've done nothing about fannie mae and freddie mac and the reason they've done nothing about the post office and agriculture and didn't do anything about the highways is very simple. they're a party torn between extremists and people who are afraidf ex

we've got derivatives issues, a variety of other things, and we haven't touched fannie mae and freddiehey have to be looked at as well. >> john, i want to go to you. there has been a lot of talk about, you know, repealing dodd-frank entirely, but the word on the street is that, you know, even if romney were to be elected president, that it would likely not be a complete repeal but maybe a tinkering with certain parts of dodd-frank that the banking sector and financial services sector don't like. give us your take on what is feasible in terms of actually amending dodd-frank if there is a republican administration. >> this was a very difficult law to put together. it would be a very difficult law to take apart. but i would say after the great depression, we saw acts like the federal reserve act rewritten several times and i wouldn't be at all surprised if we saw continued tinkering no matter who is president with dodd-frank. we just saw it with oxley, with the rules impeding ipos. one of the few things they've gotten done this year. i would say you asked the previous guest for a grade on

first, i rise to protest an action by the federal housing finance agency, fannie mae and freddie mac, that punish my state of connecticut and four other states for effectively protecting our citizens against unfair and abusive mortgage foreclosure practices. and i want to say right at the outset, i am determined to fight this action, along with my colleagues, during the comment period that we have to contest this very unwise, misguided, unacceptable decision. these agencies have just posted for 60-day comment a decision to increase fannie mae and freddie mac's guarantee fee for connecticut and four other states -- new jersey, new york, illinois and florida. why? because the protections that we have in place now against those abusive banking tactics that have so pervaded the mortgage foreclosure process, increased the length of time that it sometimes takes for foreclosure, and we have a mediation process that keeps people in their homes and enables settlements that actually save money. that is connecticut's crime. that is the reason that connecticut and for her other states and our hom

even fannie mae freddie mac. look at models this is a good model. but many of those eventually are privatized or if they are a debt burden then turned back over for a bailout. john: is there any socialist >> the law that is perpetuated is that we have to have a two-party system. we are going to have problems politically until we have a third party. >> neil cavuto was talking about the candidate that makes the most sense for me. most of the others make so many promises, that they sound almost as silly as the green party candidate. >> green means a guaranteed job for every american. a new economy fueled by renewable energy and no more student debt. john: let's get real. all of the candidates think of themselves as freeloaders. but they are not. i am a libertarian in part because i see the false choice offered by political left and right, either government control over the economy or government control of our personal lives. democrats think it is income inequality. republicans think that the opposite is true. let them advocate moral behavior and let th

look at this article he tug up about fannie mae and freddie mac loosening up. nnie maes taking on significant risk, and if they run into drought, it could prompt a government rescue similar to that of the savings and loan industry in the 1980s. >> you included this in your book. >> yes, there was several arguments back then that went into what the loosening of it would mean, it was an unintended consequence and their talking after the people that were just a notch below, they were not talking about going down further which is what happened as companies reached more and more to achieve profitability. >> it started with good intentions with a understanding that there was a trade off in risks and costs, but everybody thought they would be manageable in the long run and you should accept that trade off. guess what? >> and steven holmes was exactly right if you find it. in that column, he was right on target with his prognostication. >> and this issing if you have to ask all the time, in any kind of situation, the risks are in the future, and we don't know what they

even fannie mae freddie mac. look at models this is a good model.ventually are privatized or if they are a debt burden then turned back over for a bailout. bailout. john: is there any socialist hey! did you know that honey nut cheerios has oats that can help lower cholesterol? and it tastes good? sure does! wow. it's the honey, it makes it taste so... well, would you look at the time... what's the rush? be happy. be healthy. to meet the needs of my growing business. but how am i going to fund it? and i have to find a way to manage my cash flow better. [ female announcer ] our wells fargo bankers are here to listen, offer guidance and provide you with options tailored to your business. we've loaned more money to small businesses than any other bank for ten years running. so come talk to us to see how we can help. wells fargo. together we'll go far. >> the law that is perpetuated is that we have to have a two-party system. we are going to have problems politically until we have a third party. >> neil cavuto was talking about the candidate that makes t

under bush they tried to go under fannie mae. >> this guy tried to shut down fannie mae and freddie mac>> subprime loans. >> andrew cuomo and bill clinton. >> no, it didn't. >> barney frank saying it was solvent. >> i'm sorry i'm talking so much, but you have a balanced panel here. >> nan, do you think his argument of four more years or three more years or whatever will work? that was the argument clinton made last night. it seemed like the precursor to obama's argument. do you think america will vote for a guy who is telling them they have to wait several more years for economic success? >> americans, based on my experiences are representative of the hudson valley in new york. americans are fed up. they are desperate for change, but not the kind of change president obama, based on the experience of four years of his policies, has provided to us. so they want to see the kind of change from economic growth. when clinton spoke last night about his presidency and alluded to triumphs when there were troubles he neglected to mention the great engine of the economic growth among others -- >>

even fannie mae freddie mac. look at models this is a good model.any of those eventually are privatized or if they are a debt burden then turned back over for a bailout. bailout. john: is there any socialist when i found out my irregular heartbeat put me at 5 timesgreater risk o, my first thoughts were about my wife, and my family. i have the most commonype of atrial fibrillation, or afib. it's not caused by a heart valve problem. i was taking warfarin, but my doctor put me on pradaxa instead to reduce my risk of stroke. in a clinical trial, praxa® (dabigatran etexilate mesylate) reduced stroke risk 35% better than warfarin. and unlike warfarin, with pradaxa, there's no need for regular blood tests. that's really important to me. pradaxa can cause serious, sometimes fatal, bleeding. don't take pradaxa if you have abnormal bleeding and seek immediate medical care for unexpected signs of bleeding, like unusual bruising. pradaxa may increase your bleeding risk if you're 75 or older, have a bleeding condition like stomach ulcers, or take aspirin, nsaids

. >> reporter: the protesters were demanding immediate action from both fannie mae and freddie mac to help keep families in their homes. five people were arrested as they tried to send that message. >> what a do we do when the banks attack? >> fight back, people united. we'll never be defeated! >> reporter: in front of fannie mae headquarters protesters tried to draw attention to the national foreclosure crisis. >> we're going to beat that bank attack! stand up fight back! >> reporter: they hope by using their voices out here it will create change in there. >> it's just unbelievably wrong. it should not happen. >> reporter: those out here came in from cities across the country, but their story is the same. they are in a fight to keep their homes. >> they're not taking it. i don't care what it takes. >> reporter: debra harris injured her back working for the fire department here in d.c. that caused her to fall behind on her mortgage. she says the bank promised to help her with a loan modification, a promise they didn't keep. >> been in my house 17 years and near going to tell me no, yo

take vo ---los bancos fannie mae y freddie mac, anunciaron que permitiran que sus clientes puedan participarograma "mantenga su casa en california" para que se les reduzca su cuenta principal. ---se cree que hasta 9 mil dueÑos de casa podrian quedarse con sus propiedades a raiz de este nuevo anuncio. stop open roll open cesar ---los adolescentes que juegan con videojuegos violentos de carreras de autos, take vo ---son mas propensos a conducir de forma irresponsable segun un nuevo estudio... ---ya se sabia que los videos pueden crear pensamientos mas riesgosos en los jovenes, pero en el nuevo estudio realizado por el colegio dartmouth, se pregunto a los adolescentes si habian realizado maniobras peligrosas al conducir un automovil... ---lo que se encontro fue una correlacion entre accidentes y el uso de juegos de video de automoviles violentos.. stop open roll open blanca ---ya es oficial... este aÑo se ha presentado el peor brote del virus del nilo occidental en estados unidos. take vo ---el centro para el control de enfermedades, dice que no se han registrado tantas muertes por la infeccion

well the shadow banking system is composed of the assets of for instance the mortgage of fannie mae freddie mac. . you have a corporate paper and these things are all traded against each other by hedge funds and bank like entities and at the end of the day you have this incredibly large market that used to be a lot bigger but it shrunk in recent years that's right we can show our viewers what that looks like because as it has expanded to surpass the size of the traditional banking system as you can see by liabilities here that happened in the mid ninety's now what we're seeing is it starting to come down and there's one argument that it has with this explosion it's really provided a buffer against inflation and that now that this is getting smaller and smaller the liabilities are coming down there essentially if i have this right the traditional banking sector will pick up the slack and this will become less and less of a buffer against inflation in the u.s. now you don't completely agree with that but i but can you break down what is this argument shadow banking liabilities as a as an infl

well the shadow banking system is composed of the assets of for instance the mortgage of fannie mae freddie mac. . you have a corporate paper and these things are all traded against each other by hedge funds and bank like entities and at the end of the day you have this incredibly large market that used to be a lot bigger but it shrunk in recent years that's right we can show our viewers what that looks like because as it has. liabilities which are now by people to go buy things and drive up prices that essentially in a crisis those would be converted to cash right piece of the the central banks so are these a liability really should we be looking at them as a liability of the central banks and not of the shadow banking system we might as well make that assumption no all right so then let's follow this through because this gets back to the kind of the corps of bait that's been going on post two thousand and eight which is the inflation vs deflation debate how the shadow banking liabilities factor in. the ok i want bigger conversation the big conversation let's get into it for a minute and t

years by intervening repeatedly into the free market with government institutions like fannie mae and freddie mac. with government policies fiscal policies and monetary policies and prospering prob. and so each crisis was the worse and worse than the previous one and equally . your listeners should actually look at the speech milton friedman gave in nineteen seventy seven he gave it at the university and i think it may have been response in or so but i don't recall it exactly but basically he. spoke about five great economic myth and basically yes he said that during the depression the federal reserve should have printed more money but later in his presentation he says that of course the money printing is very negative kind of economic policy you know i want to talk a little bit more about the deflationary collapse the east sea bigger picture on the horizon at some point because you've talked about war you've talked about biological terrorism all sorts of conditions that could define this period in the near future what through the now how do you see that scenario playing out. well i believe t

line is, we are still owed, taxpayers and viewers are still owed $200 billion roughly from fannie mae, freddie mac, general motors, allied financial. 300 banks owe $9 billion plus. so when you hear, for example, the auto bailouts were a win-win for taxpayers. sandra: right. >> maybe whatever the math is behind the jobs number that the administration comes up with. even the administration said look, we could lose $25 billion just on auto bailouts alone. david: is gm, i'm just trying to get my head around it. is gm saying they can not run a successful company with the government as an albatross around their neck slowing them down? >> effectively yes. their argument is we can't hire talent. we can't use the corporate jet because of tarp rules. confirming all of that. tell you something for gm look, take the loss, taxpayers that is pretty something. you will not see the loss anytime soon before the elections. perhaps afterward. sandra: timing interesting following the conventions where they just, were touting the success. >> that's right, sandra, exactly. sandra: liz macdonald. david: thanks, liz.

what does that do just just to be very clear to the holdings of fannie mae and freddie mac. which is controlled by the government and the treasury you know this is another thing where we're starting to see you know very coordinated action between various entities of the government congress basically demanded that fannie and freddie start reducing the size of their balance sheet so they want fannie and freddie to hold less direct mortgages they're still fine with them guaranteeing it but they want them to hold less so as soon as that kind of and you know if the fed steps in and will take some of those mortgages on their balance sheet so they're working very very hard to control you know fund flows mortgage flows all of which i guess in some ways seems fine and should be encouraging but i think more and more people are sort of scratching their head and say you know where is the real economy where is the true capitalism and what data can we trust absolutely and so all of this to the other. thing that it inspires as investors to reach further and further first yield but at the s

the republicans said in 2009 and 2010, you must do reform of fannie mae and freddie mac. and we thought financial reform came first because we already stopped the bleeding. then they came to power in 2011 and they've done nothing, and the reason they've done nothing about fannie mae and freddie mac and the reason they've done nothing about the post office and agriculture and didn't do anything about the highways is very simple. they're a party torn between extremists and people who are afraid of extremists, people who will not take them on. mr. speaker, who will not bring an agriculture bill to the floor that might very well pass because he's intimidated by his own tea party extremist wing which rules him. they could not come forward with housing legislation because what a majority knows should be done to put in some kind of federal private cooperation without the mistakes we've made in the past, they couldn't get the votes for it because their extremists had a veto over it. last point, mr. whip. i want to talk a little bit about bipartisanship. in 2007, things began to bu

treasury says it will probably recouped all of the bailout money from aig but not so rosy for fannie mae and freddiemac or gm. those companies 0 the government over $160 billion. stocks are trading about 15-20% higher today but that does not mean you should be complacent. on monday watch we highlight investment portfolios for all seasons. now is a great time to rebalance your portfolio. >> stormy weather has once again postponed a final flight of the retired space shuttle in denver. a boeing 747 is now scheduled to carry the shuttle from florida to southern california tomorrow morning, two days later than scheduled. it is set to conduct low-level flyovers over the bay area before landing in l.a. on friday. it will eventually be displayed at the california science center in l.a. >> we have to clear out the low clouds and fog and i think we will see clouds in the morning so hopefully the shuttle will be here in the afternoon. right now we have low clouds and fog, moving well on shore in some of the valleys. temperatures generally in the fifties. temperatures cooler than average for this time of year.

mae? freddie mac? i mean, these are government institutions. they're funding the left? and then you look and see what they're funding, and can they're funding radicals -- they're funding radicals, radical antagonists to our system. this is not a democracy anymore. this is a huge threat to democracy. and i'm hoping -- there is a solution, obviously. there are all these foundations that exist under the tax code. the tax code says why aren't they all getting tax exemption? because they are promoting the general welfare. well, look, that's the definition. i mean, it's in so many words you promote -- the tax code says you can't do this if you're supporting a political candidate. that's how they define politics. support be of a candidate -- support of a candidate, support of a political party. that's partisan. that's not the general welfare. well, come on. you're supporting cap and trade, you're supporting open borders, you're supporting socialized medicine? that's political. that's what our politics is about. so the irs could just redefine what's political and what's charita

share of responsibility, but then you have to look at government policy through, especially fanny mae and freddie mac. and borrowers, they were becaabg the system. there was a lot of institutions involved in causing the crisis, and it's not good for the banks to be blamed 100%. you could get a bad outcome in terms of how you fix it. >> tell me how you can manage a complex institution that is serving two masters. you've done it. >> yeah, first of all, i think this notion that these big banks are too big to manage, too complex, is not right. we live in a complex world, and we just need to manage things when they go wrong. as a individual and a user of it, or a business manager, it is complexi comple complex. we should not be talking about rolling back a banking industry that is very efficient to something that was not 15 years ago. so this complexity argument i don't buy. sure big banks are complexion, but if you look at the final institutions that have failed, they have been more -- you take country wide, or wamu, these were companies that weren't nearly as complex by any stretch of the imaginatio

if you dig into the romney housing plan he talks about things like reforming fannie mae and freddie mac overshadowed by what he told the las vegas review journal in late 2011 in all of places, the foreclosure capital of nevada. here's what he had to say. >> as to what to do for the housing industry specifically -- are there things you can do to encourage housing? one don't stop the foreclosure process. let it run its course, hit the bottom. allow investors too buy homes, fix the homes up and let it turn around and come back up. >> the shorter romney response on this issue, i think is quite clearly what has president obama done to fix the housing problem in this country. >> and, john, you said the cost of housing plays big in two forces of the electorate. how so? >> ask people what is bugging them. it's national crisis housing. this vase settled in the goal states. you ask people about the economy. what are the two defining questions in the presidential election? is the country on the right track? a lot of people question the american dream. you bought your house, pass it on to your chil

of 9 community reinvestment act, subprime loans, derivatives, and his hacks remain on fannie mae and freddie mac, making tens of millions which helped cause an almost financial collapse in this country and his fingerprints are all over there is funny and i have not heard people talk about that, either. >>neil: thank you, mark levin. the community reinvestment act spurred lending so we could go from making this hard to get a home to almost a birthright that is then. here we are now. >> and for elizabeth warren her memorable line: corporations are not people which of course is news to mitt romney who says corporates made up of and led by and, well, accountable to people. it is a central theme of a convention that sees a lot of companies as a big part of the problem. a former c.e.o. is going to set the record straight, he says, and stop the nonsense now. copies of my acceptance speech. great! it's always good to have a backup plan, in case i get hit by a meteor. wow, your hair looks great. didn't realize they did photoshop here. hey, good call on those mugs. can't let 'em see what you're drinki

it's in response to a protest yesterday at both fannie mae and freddie mac. protesters want policy changes that would allow for a reduction in princies to the current market value of homes to top evictions and allow residents to buy back homes at the current market value. >> we did it willingly as veterans to serve our country. to come back home and have other people in this country try and take homes away from veterans, it's not going to happen [ inaudible ] >>> well, starting today, police can give you a breathalyzer test if they suspect you're driving drunk in the district. police stopped giving those tests two years ago in d.c. because of inaccurate equipment and it caused hundreds of tests and drunk driving convictions into question. the feds gave the city a dis $1 -- $150,000 grant to get the equipment in order so they could start giving the breathalyzer tests again and that starts today. >>> we have a commuter alert now. another weekend, another mess on metro. starting tonight no service on the green line between branch avenue and southern avenue. it b

seened financial deregulation, democrats who sat and stood in opposition to reigning in fannie mae and freddie mac, which helped create the mortgage crisis. he told a great story. problem is he used some facts that helped him and ignored some facts that didn't help him. it was vintage clinton, great to watch. it was a great story. >> david? >> the democrats have now had two very good, surprisingly strong nigs. >> right. >> the stumble over the platform -- >> that was a stumble tonight. but they ended -- they had a tremendous finish. if barack obama tomorrow night can make it 3 for 3, they could break out in this election. they've been trying to do that. the dynamics have been steady all along. they have a chance. i think it's a chance, i don't think it's certain, i think they have a chance -- >> we've seen bounces before for democrats that then have faded away. >> it's been a while. bill clinton has a bit of a bounce, the kerry/bush race they both got eight points. because of polarization, the cable era, the blogosphere, president obama got two points, four years ago against john mccain. carly

a classic example is fannie mae and freddie mac and the entire economic mess we are in. how many more things to we want to inject the government into? they are the ones driving the cost. we need a little free enterprise work. >> next question from bill miller and go first to jonathan. the u.s. postal service is very important to the room -- to the people in the room today. it is now trying to go into a program that would be competing in a bear to newspapers. in many cases the newspaper is the largest customer for the post office of community. what i would like to know is, what is your position on this issue and other issues of closing rural post offices and eliminating saturday delivery? what would you do in the senate to help rural newspapers and community newspapers that depend on the postal service? >> like many of the things run by the government, the postal service is one that is very inefficient. i of a friend who works as a mail carrier. he gets four days straight of 10 hours per day so that every time he is needed he gets more overtime. the federal government, in

a romney presidency would overhaul fannie mae and freddie mac. romney's number two hit a bit of a speed bump during a speech yesterday. paul ryan was addressing the national aarp event in new orleans, and listen to what happened. >> the first step to a stronger medicare is to repeal obama care. because it represents the worst of both worlds. [ audience booing ] i had a feeling there would be mixed reaction, so let me get into it. >> the reaction didn't stop ryan from laying out his plan. remember, ryan appeared at the event shortly after obama spoke to the group via video conference. in his appearance, obama said the romney-ryan claims about obama care were just not true. ryan is back on the campaign trail this morning. he kicked off an event in miami last hour with jeb bush, and then it is on to orlando. >>> florida senator marco rubio had a tough time getting back to washington last night. seems his american airlines flight was delayed, so he used some extra time to tweet about that. he wrote american air says maintenance problem. yet suddenly

if you dig into the romney housing plan, he does talk about things like reforming fannie mae and freddieac. a lot of what he said on this issue, anderson, has been overshadowed by what he told "the las vegas review journal" in late 2011 of in of all places in the foreclosure capital of nevada. >> what to do for housing crisis specifically. don't try and stop the foreclosure process. let it run its course and hit the bottom, allow investors to buy homes, put renters in them, fix the homes up and let it turn around and come back up. >> the shorter romney response on this issue, anderson, i think is quite clearly ha has president obama done to fix the housing problem in this country? >> john, you say the cost of housing plays heavily into two of the biggest forces in the electorate. how so? >> i want to bring up the other map, just to be honest. it's a national crisis housing. the race will be settled in the gold states. what are the two big defining questions in a presidential electi election? is the country on the right track. a lot of people question the american dream. you bought your h

it was democrats who stood in opposition to reigning in fannie mae and freddie mac which helped create the mortgage crisis. so he told a great story. the problem is, he used some facts that helped him, and ignored some facts that didn't help him, it was vintage clinton, it was great to watch. it was a great story. >> i'd like to go back to what i said last night, the democrats have now had two very good -- surprisingly strong nights. >> they stumble over the platform, you think -- >> there was a stumble tonight, it was quiet, but they ended on -- they had a tremendous finish. if barack obama tomorrow night can make it 3 for 3, they could break out in this election. they've been trying to do that. the dynamics have been steady all along, they have a chance. i think they have a chance -- >> you've seen bounces before for democrats that then have faded away. >> it's been a while. bill clinton has a bit of a balance to carry the bush race, they both have eight points, they matched up. because of the polarization, the cable era, president obama just got two points four years ago against joh

and if you look at what fannie mae and freddie mac are doing, you know, they are improving. we're past now the worst of the housing crisis. so i think we'll see a turnaround there as well. and again, if you look at it overall in terms of all of these actions that the federal government, including the federal reserve had to take, they're likely to result in a gain or at least very, very little cost. and that's really the story. it's, again, because we acted with overwhelming force and speed that this was successful. >> there were people who were saying listen, you played politics because of the election, you decided to beef up the offering because it's almost the election. you could have done a smaller one. i just need you to get a comment on that one. >> sure. we've done four offerings this year. if you look at the timing, you'll see why and when we did them. we did them when we had a legal window to sell because of the company's filings as well as when our prior lock-up expired. this one was bigger because we had now prior to this deal sold down our position enough that we