the w and fannie mae behaved and the rest of the industry did.b the c and fannie mae behaved and the e the way freddie ry did. mac and fannie mae behaved and the rest of the industry did.t mac and fannie mae behaved and the rest of the industry did.w mac and fannie mae behaved and the rest of the industry die the mac and fannie mae behaved and the rest of the industry did.e freddie mac and fannie mae behaved and the rest of the industry did.n the way freddie mac and fannie mae behaved and the rest of the industry did. so, i don't believe that the two g.s.e.'s were the cause of the crisis.al i do think they did reduce underwriting standards. i can understand as a c.e.o. why you might have done hat given what the competition was doing. i do think there were some mistakes and problems made that were connected to the g.s.e.'s, and certainly one that i found troubling was sum retailed in a book -- summarized in a book called "reckless endangerment" which is a story of crony capital i capitalism exhibited by the two g.s.e.'s. i view that book almost as a playbook on how businesses can exec

buenas noche fanny!!. gracias mario, buenas noches, en efecto sandy ha dejado grandes daÑos a su paso, y a nivel atmosferico ahora no solo hablamos de aguaceros, rafagas de viento, lluvia helada sino tambien intensas nevadas en el estado de west virginia asi como en el centro de maryland... hasta ahora se han acumulado casi dos pies de nieve y sigue nevando... los lugares mas afectados han sido okland, maryland, grantsville, maryland y cockesville tambien en maryland... las autoridades federales de emergencias y servicio meteorologico siguen en alerta pues sandy recobra fuerza en sus vientos ha medida que continua su trayectoria por la costa este, ahora un poco mas al oeste en pennsylvania y ohio... en nuestra region se han cancelado todas las alertas y avisos de rafagas de vientos y aguaceros sin embargo sigue vigente un aviso de inundaciones costeras... este es el informe sobre la trayectoria de sandy, vuelvo con usted mario y mas adelante con el pronoistico del tiempo para nuestra region... ... mientras

do is they collaborate with wall street and many of the ways that you're complaining about the the fannie mae and freddie mac. programs right now of selling homes to investment banks is a terrible light so neither one of neither one of us supports that idea so we have just only we must the lived in different countries because my recollection of what happened and i was right in the middle of observing all because perhaps like you. was that fannie and freddie actually lost tremendous market share to the subprime market which was selling to wall street and they went from being two point seven trillion dollars agencies. assets on the management of the securitized portfolio to one point seven they lost a trillion dollars in three years to the private sector market so you're not talking about getting rid of the market are you not talking about holding the market accountable or are they you know you're. actually saying i'll bring those guys back and let them now by the properties that have been devastated by bad policies look i agree with the oversight of fannie and freddie accountability absolu

virginia donde esta noche se llevo a cabo un concierto de vicente fernandes...fanny...n una buena acción, la donación de una beca de $2500 dólares para una estudiante hispana... take sot fue vicente fernández hijo quien le dio vida al mariachi para dar inicio al concierto del adiós de su padre... (nat sound hijo) llegó el momento esperado el gran chente fernández pisó el escenario ante la ovación del público... (ovación) su emoción era evidente... take sot vicente la despedida de vicente fernández despertó sentimientos que se mecen entre la tristeza y la alegría sot sot sot sot pero aunque se despida de los escenarios, el legado de una carrera artística de 47 años quedará siempre en la memoria y los corazones de muchas generaciones sot imágenes del concierto

out there and 75% of all mortgages, the mortgage market is becoming the same monster it was under fanniereddie mac. we don't need this, it needs to be settled by individual banks not by the federal government. >> brenda: okay. steve isn't this kind of the price we have to pay to not have another bubble and another burst bubble? >> absolutely. mortgage lending standards should be tough. you should have to be fully capitalized to offer mortgages and standards for the borrowers should be high and standards on the derivatives should be tough so we don't have it happen again. and other one thing i disagree with jim on, where is the money going to pay for mortgages? it's being saved right now. we have a positive savings rate, 4 or 5%, 3 trillion in savings leads to an export economy. >> we've got to move on here, toby, what's it going to do to the economy? if they come in, they're draconian and my point the government should not ben the private mortgage business, if there'soney to be made lending to gary and me and our house that is we can't refinance because, you know, we have different incom

they say they dumped mortgage loans on fannie and freddie in a massive fraud. tracy: boats real estate, stocks, cash and more all before the new tax changes kick in next year.% this is assuming we fall off the fiscal cliff. so will giving now lead to bigger savings in the future? we're going to find out. first, top of the hour. time for stocks as we do every 15 minutes. nicole petallides on the floor of the new york stock exchange, also awaiting this big fed decision. hey, nicole. >> hey, ashley and tracy. this is very interesting. one thing they have done on the floor of the exchange on fed day they await to hear from the fed and get quieter. i all right started to hear a few shhh. it builds anticipation from what we may or may not hear on fed day. what is interesting on this particular fed day i talk to traders they're not expecting too much. they know the election is coming up, right, 15 days away. we heard a lot of companies talking about the global outlook and some softening. so they're expecting much of the same for the fed. we key into every moment becau

buenas nochas al regresar fanny gutierrez, nos tendra la informacion de la buenas noches para todos,on para un boxeador a falta de otra suspension que podria tener. se trata de juli dcÉsar cha vez jr. que recibio una sancion fue con una multa de 20.000 dÓlares y estarÁ suspendido indefinidadamente a raÍz del positivo por marihuana en un control antidopaje tras el combate que perdiÓ ante sergio marti Ínez, anunciÓ hoy el consejo mundial de boxeo en un comunicado de prensa. el cmb ha decidido imponerle esa multa que serÁn donados a un centro mÉdico de cÁncer contra niÑos y ademÁs una suspensiÓn indefinida para que se someta a un centro de rehabilitaciÓn. la suspensio Ón, aclaro el organismo, se levantarÁ cuando el pÚgil haya completado su proceso de rehabilitaciÓn. ademÁs del castigo del cmb, chÁvez jr. aÚn espera la sanciÓn de la comisiÓn atlÉtica de nevada, que podrÍa conocerse a finales de octubre.hoy fue unl en la champions league, asi es que vamos hasta holanda con la goleada de la fecha. real madrid de visita goleo 4-1 al ajax en otra de esas noches del ariete cristiano ronaldo,

government via fannie and freddie and essentially had to hustle loan program, basically pay out bonuses high volume of ad mortgages. liz: bank of america saying it can not be expected to compensate every entity that claims losses caused by the economic downturn. >> yeah, that's right. we'll be staying on this one. it is a hot story, the first suit of its kind. ashley: liz macdonald, thank you very much. liz: "money" will melissa francis is next i know the name of eight princesses. i'm an expert on softbal and tea parties. i'll have more awkward conversations than i'm equipped for because i'm raising two girls on my own. i'll worry about the economy more than a few times before they're grown. but it's for them, so i've found a way. who matters most to you says the most about you. massmutual is owned by our policyholders so they matter most us. massmutual. we'll help you get there. are we there yet? are we there yet? [ male announcer ] it's the question we ask ourselves every day. is it the safest, the most efficient? the kind of vehicle to move not just people... but an industry forward?

fanny gutierrez nos tiene mas detalles del paso de sandy.. fanny que podemos esperar? buenas noches, gracias mario y maria rosa, el area metropol itana sigue bajo severas condiciones atmosfericas, el centro nacional de huracanes ha reportado que sandy ha bajado de categoria huracan a tormenta post tropical. aun existe probabilidad de que las rafagas de viento se incrementen en horas de la madrugada, se espera que las rafagas de viento puedan llegar hasta 65 millas por hora por lo cual el llamado es que evite desplazarse en su automovil. si lo hace por favor maneje a un limite de velocidad de 45 millas por hora.por otra parte sigue vigen un aviso de inundaciones en toda el area metropolitana de washington que ha emitido el servicion nacional de meteorol ogia, pues las lluvias constantes podrian generar inundaciones de hasta 12 pulgadas... asi como inundacio nes subitas... se espera que las lluvias cesen a las cinco de la tarde pero continuaran las precipitaciones hasta horas de la noche... recuerden que siguen vigentes aviso de inundaciones, de rafagas de viento que pod

the private sector didn't save bear sterns or fannie mae or freddie mac. the government had to step in . fannie mae and freddie mac were government guaranteed. >> can we focus here? we have to save the american companies to keep them american and now chrysler is owned by fiat. >> the president had his own problem with reality. i am not for balldentities or guarantee. instead of things done for economic purposes they are done for politica purpose. look how tax paters are hose the stock is down and equities in general are up. and there is a myth if gm shut down and never open all of the jobs would have lost. capitol in gm , be reallocate many other jobs would be created in the economy. they weaken automakerings. out of bankruptcy they would be owned by car makers that knew how to make a profit. >> thank you very much. worker burnout part of the economic fall out. sounds right, but it is wrong. silver lining on hard working americans on cash in texas taking on a united nations backed group trying to monitor the elections in the u.s.. somesome calling to cut o

taxpayers more than one billion dollars of losses by selling thousands of toxic mortgage loans to fannie mae and freddie mac. according to a complaint filed in manhattan federal court countrywide in two thousand and seven invented bank of america continued a scheme known as the hustle to speed up processing a residential home loan. to the nine hundred seventy the to do the hustle again that was the name of that movie and john travolta was walking around brooklyn with a can of paint and the beginning of a saturday night fever oh yes and that was all about the hustle wasn't stagflation of the same days it's been. so operating under the motto loans move forward never backward mortgages executives tried to eliminate tollgates designed to ensure that loans were sound and not tainted by fraud the government said so this led to a defect rate that approach forty percent roughly nine times the industry norm max but countrywide concealed this from fannie mae and freddie mac. . and even awarded bonuses to staff to rebut the problems being found so you would think this is a criminal case outright cr

they sold the loans fraudulent or otherwise defective to fannie mae and freddie mac which got stuck inclosures when the loans defaulted. b of a says it has been working with fanny and freddie to buy back the mortgages it is responsible for. bank of america has stepped up and acted responsibly to resolve mortgage matters to claim we have purchased loans from fannie mae is simply false. they scant expect to claim losses that were caused by the economic downturn. we could see this play out in court. jp morgan chase are facing similar accusations. >> diane macedo. thank you. >>> 48 after the hour. not once not twice but a third one is the charm for a robber who couldn't stay away from one particular convenience store. >> you have seen the star studded political ads but does hollywood really sway the voters? let's check in with brian kilmeade and see what's coming up on fox and friends. >> as if you didn't check the rundown already and don't know yourself. thank you for coming along already. the investigation continues to unwind we have more e-mails. they are coming in fast and furious. a r

there is not a freddie or fannie. they're our are capital companies that are competing to have the ability to pay a premium in order to get a government guarantee of their underlying security. i would hope that that would seem is enough of a free-market solution that republicans would be okay with it. and enough of a protection of the housing market that the democrat folks might find it acceptable. >> okay. thank you. >> thank you. [applause]

there is not a freddie or fannie. they're our are capital companies that are competing to have the ability to pay a premium in order to get a government guarantee of their underlying security. i would hope that that would seem is enough of a free-market solution that republicans would be okay with it. and enough of a protection of the housing market that the democrat folks might find it acceptable. >> okay. thank you. >> thank you. [applause] [applause] >> even the story the textbooks left out, real people in american history, very important moment in american history that we don't know about. the first pilgrims in america came 50 years before the mayflower. they were french. they made wine. they had the good sense to land in florida in june instead of december in massachusetts. but then they were wiped out by the spanish. we let this story out of the textbooks. the most famous woman in america, she was taken captive by indians in 1695. up in new hampshire. in the middle of the night, she killed her captor and realize

fanny, el huracan esta a esta hora tocando tierra?...

federal prosecutors suing bank of america for allegedly scheming to defraud fannie may and freddie mac. scott cohn with the latest details. >> it is a $1 billion civil suit over alleged mortgage fraud at country wide. the suit says countrywide became so intent on churning out mortgages and selling them to fannie may and freddie mac that it created a program it called operation hustle, eliminating controls to stop fraud just so it could sell more loans as the housing mark was collapsing. later when the loans went bad, countrywide wouldn't buy them back. the bank of america ceo promised to clean up the mess. here he is with maria in 2010. >> we're trying to put some of the issues of the past behind us, whether it's cleaning up doesn countrywide or merrill lynch. litigations are a part of life. >> they've already paid a $3 billion settlement with fannie may and freddie mac last year. they have not responded to our request for comment. >> take a look at how some of the biggest bangs aks are measu up for the quarter. all beating street expectations on earnings per share. if you look at retu

and i never promoted fannie mae. in fact, senator mccain's campaign chairman's firm was a lobbyist on behalf of fannie mae, not me. so -- but look, you're not interested in hearing politicians pointing fingers. what you're interested in is trying to figure out how is this going to impact you? this is not the end of the process. this is the beginning of the process. and that's why it's going to be so important for us to work with homeowners to make sure that they can stay in their homes. the secretary already has the power to do that in the rescue package, but it hasn't been exercised yet. and the next president has to make sure that the next treasury secretary is thinking about how to strengthen you as a home buyer, you as a homeowner, and not simply think about bailing out banks on wall street. >> senator obama, time for a discussion. i'm going to begin with you. are you saying to mr. clark and to the other members of the american television audience that the american economy is going to get much worse before it get

th it refers to loans sold to fannie mae and sfem ffreddie ma. we're talking about direct losses to taxpayers. accused under a process allegedly called "hssl," high speed swim lane. they never moved backwards reducing loan criteria and cutting out some steps that allowed them to get mortgage loans originated far more quickly. bank of america refute the claim they failed to buy back some bad debts. they say they acted responsibly to address some legacy mortgage issues. yes, we have to point out the fact that it's a possibility that they could ultimately win this lawsuit. perhaps the bigger issue is that we could ultimately see more lawsuits like this because it's hardly likely it will be unique just to bank of america on that back to you. >> federal prosecutors calling it brazen mortgage fraud by countrywide. >>> ahead on "way too early" the san francisco giants stunned justin verlander, the best pitcher in baseball rocked in game one of the world series. thanks to a three-run home run night from that guy, the panda. we'll have those highlights ah

suit on behalf of fannie mae and freddie mac. and so we are seeing the selloff some.ome back, so it had a selloff of the factors holding the unchanged line creating a penny higher, a penny higher, it is interesting if you take it in stride but they're seeking $1 billion. nobody wants that headline directly correlated to their bank. we will continue to follow this of course but there's a lawsuit from the u.s. attorney in new york city in manhattan, says a look at bank of america at $9.41 per share. it is a dow component. the dow jones industrials remain without arrows as well. big days of selling friday and monday but today trying to get an up arrow. cheryldennis: i'm shocked theres gambling going on at the casino because they're suing them because allegedly countrywide had misled fannie and freddie and when fannie and freddie were buying up mortgages as much as possible. for them to say i'm shocked the mortgages were bad when they're buying subprime, what did you expect? cheryl: we will check back in with you. dennis: okay. i hate when stocks are down. energy prices d

bought the mortgages, only to see them fail, contributing to the collapse and government rescue of fannie mae and freddie mac in 2008. this is the first federal civil case involving loans sold to the two government mortgage giants. two weeks ago, federal prosecutors sued wells fargo, accusing it of reckless mortgage lending, sticking taxpayers with the bill. today's lawsuit claims bank of america failed to buyback loans from fannie mae false, and late this afternoon, a bank of america spokesman told "n.b.r." that is simply false. the statement continued, at some point, bank of america can't be expected to compensate every entity that claims losses that actually were caused by the economic downturn. >> susie: as we reported, the federal reserve said the housing sector continues to improve, and there were more signs today. sales of newly built single family homes surged to their highest level in more than two years. september sales rose 5.7% to an annual rate of 389,000 units. that was much better than expectations. home prices were up as well, rising for a seventh straight month, and nearl

fanny, donde esta

buenas nochas al regresar fanny gutierrez, nos tendra la informacion de la gracias por seguir con noticiasde musica pop de origen ecuatoriano recibio un premio por su ardua labor como activista social como embajadora en la lucha para aliviar el hambre a nivel global... en una distinguida ceremonia celebrada en el departamento de estado la secretaria hillary clinton hizo entrega de los premios por liderazgo george mcgovern. la estrella de música pop christina aguilera fue galardonada por su fructífera lucha contra el hambre a nivel global... hillary clinton: "de todos los vídeos que ha hecho christina el único que ha tocado mi corazón es en el que está cantandole a un grupo de niños en haití, es fácil si eres una gran estrella concentrarte solo en tu carrera, sin embargo estás usando tu talento para ayudar a otros, y eso es un gran regalo" christina aguilera habló de su experiencia compartiendo con familias en estado de pobreza... christina "fui impresionante ver a niños que se emocionaban tanto al ver un plato de arroz con frijoles, algo quizás simple que generalmente nosotros no valoramos

fannie mae as pushed bank of america to buy back those bad loans.he department of justice seeks that billion dollars to make it happen. a bank spokesman responded saying bank of america has stepped up and acted responsiblably to resolve legacy mortgage matters. the claim that we have failed to repurchase loans from fannie mae is simply false. we're seeing big improvements in the housing market now. the commerce department says sales of new homes went up by 6% last month to the highest level in more than two years. the analysts point out this rate is still too low to suggest a healthy economy. and today the federal reserve made it clear the recovery is still in need of a boost. officials there said they would not change their efforts to stimulate the economy by keeping interest rates near zero. the feds cited weak job growth, not to mention the unemployment rate which dipped below 8% last month for the first time in more than three years. meantime, investors blaming that federal reserve report and those weak corporate earnings we saw over the past co

right now as you previously pointed out fannie mae and freddie mac. . pretty much control the entire mortgage market they buyer guarantee nine out of ten home loans made in the united states right now and what they do with those loans securitized them they package them up in mortgage bonds guarantee them they promise to read if there's a fault they promised to to repay the investor that buys them in their profit up the housing market i mean they are pretty much the housing market until somebody comes up with a better idea or a better system i think securitization is here to stay and realistically. realistically finian for his role in the housing market even though you know they were bailed out banks there's a hundred forty billion dollars i think realistically they're here to stay as well as the government the congress has not shown any real enthusiasm for. figuring out what to do next certainly very interesting what we're seeing happen here just a few years ago once seen as one of the greatest problems in this economic crisis mortgage lending is certai

fanny, donde esta el distrito de columbia esta regresando paulatinamente a la normalidad tras el paso de sandy... arboles caidos son el mayor reto en la ciudad... por mas de cuatro horas.. en un convoy... el alcalde de washington vincent gray recorrio de extremo a extremo la ciudad... los vecindarios mas afectados... evaluando los daÑos que dejo a su paso sandy... "el publico ha hecho un buen trabajo en permanecer fuera de la calles, porque eso nos ayuda a evaluar las consecuencias de la tormenta y agilizar la labores de limpieza" los distritos electorales tres, cuatro, cinco y siete fueron los mas golpeados por la tormenta tropical... segun gray, la capitaldel pais esta regresando a la normalidad a pasos agigantados... kathy esta sorprendida de los avances... "en overall esta bien, en donde yo he caminado que no ha sido mucho" el mayor reto es la remocion de mas de 200-arboles caidos... el servicio electrico esta siendo restablecido rapidament e...hasta este martes, menos de 2-mil hogares estan a oscuras... "esperamos que todos los hogares tendran energia en las proximas 24 horas" la

hasta aqui los deportes, buenas noches y feliz fin de semana al regresar fanny guetierrez nis brindaralas alternativas de entretenimi ento son variadas, ??que les parece ir al teatro? el desdén por el desdén es una historia de amor peculiar... take sot take sot 2 también tiene otros atractivos elementos como el y si le gusta el teatro, de seguro tambien le gusta la zarzuela... el teatro lírico de dc presenta la zarzuela "la dolorosa" la dolorosa estará en escena este domingo el la iglesia holy city en dupont circle a las 3:00pm y la entrada cuesta $35 y si quiere saber cual es el ultimo grito de la moda, este fin de semana tiene una excelente oportunidad... por segundo año consecutivo se estará realizando en la ciudad capital el latin fashion week take sot habrá un amplio despliegue de diseñadores take sot el latin fashion week se está desarrollando en el convention center y los boletos oscilan entre los $25 y $100 dólares... amigos disfruten un feliz fin de semana, y despedimos el segmento con un documental sobre unos emigrantes muy particulares... son conocidas como mariposas monarca

enseguida el segmento de farandula con fanny gutierrez...s contandoles que el teatro de la luna celebra los quince aÑos de uno de sus festivales mas importantes... tambien enterese como ganar entradas para un elegante concierto de salsa.. con una selecta ceremonia en la embajada de argentina, el teatro de la luna inauguró su décimoquinto festival internacional de teatro hispano. el concejal de arlington, walter tejada, fue reconocido por su apoyo a este espacio cultural ubicado precisamente en arlington...takt a través de estos quince años las satisfacciones han sido muchas take sot el décimo quinto festival de teatro internacional promete brindar veladas inolvidables... take sot y como cada noche pedro biaggi, nos ofrece un adelanto de lo que escucharemos maÑana en su programa matutino, adelante pedro, buenas noches...