programs, a leading provider of micro loans in california, and has a robust community real estate finance unit. next, we have the ceo of ne community federal credit union. since 1988, she has been the ceo of northwest community federal credit union. under her watch, the credit union group to over 1600 members. it has become the national model for institutions seeking to provide financial education and banking services to the low- income communities. last but not least, we have our conditional lender represented here by wells fargo. mark cyrus is the senior fda banker for the region -- the senior sba banker. he held businesses choose the best loans for the growing business and focus on a comprehensive understanding of their goals for their business. mark is responsible for helping entrepreneurs with sba loans every step of the way. i would like each of you to speak a little bit about what your organization does and, more importantly, address the audience here and let them know what your looking for when you are hoping to fund their loan. we will start with you, mark. >> absolutely. thank you. i

president, is bloomberg, which has a new energy finance unit, a special unit that looks at these issues, their analysts predict that some aviation biofuels are going to be cost competitive, cost competitive with standard jet fuel, in just a few years. that will happen, mr. president, if we undermine current development rates in this area of biofuels at the department of defense. that's why, mr. president, and colleagues, i feel so strongly about opposing the toomey amendment on biofuels at the pentagon. i hope my colleagues will agree. mr. president, with that, i would yield the balance of my time. and i would note also, mr. president, the absence of a quorum. the presiding officer: the clerk will call the roll. quorum call: quorum call: a senator: mr. president? the presiding officer: the senator from new hampshire. a senator: thank you, mr. president. i ask that the quorum call be lifted. the presiding officer: without objection. mrs. shaheen: i came to the floor this evening to address senator toomey's amendment that would remove provisions around biofuels. it's amendment number 115.

breaking news for you the "wall street journal" reporting ge talked with dell about buying its finance unitrnal sources. the report also says ge is in direct talks with dell. they were separate from the blackstone discussions and ge talks with dell unfortunately failed to lead to a deal but they did talk about spinning off dell's finance division. they didn't want that. ashley: all sorts of back room stuff going on with dell. tracy: you ned a flow chart with this thing. ashley: you really do. tracy: this story though, pretty straightforward. how about this for a week. what a week for hedge fund giant steve cohen. starts with $200 million shopping spree. ends with one of his deputies in handcuffs. we'll have details ahead. nicole: ashley: it is certainly the talker of the day. michael steinberg's arrest is just the latest in federal investigation in the hedge fund. we have been all over this story today. gerri willis is here to weigh in. gerri: first of all, drama, drama, drama. we saw the picture. i believe there was one "wall street journal" reporters there to document it. when you talk ab

with the private equity firm, but he's reportedly not a big fan for the unit to sell off the financing unit. >>> meantime, asset management may side with blackstone, but has no interest in working with carl icahn. i've heard the same thing. but the conversations -- the fact that carl icahn is talking to blackstone suggests that carl icahn's bid was never really that much of a bid. he would like to roll in with blackstone. and i would imagine ultimately would probably want to cash out with blackstone. i'm not sure he ever really wanted to hang out for the next five years and see what happened. >> i think he wants to put a multi level distribution system on dell. you pay distributors to buy the dells and no one actually ever uses them. >> why don't they merge dell and herbalife doing. >> he's a gut instinct guy that looks around and says, i can make trouble, get an extra buck or an industrial 50%. >> he was watching us talk about king pharmaceuticals and he was shaving. he decides to do things on a -- motorola, what did he know about cell phones? >> if you have that much money on, you can thr

. >> a reference to the 2009 citizen united campaign finance decision.ple of what caused backlash from white house and capitol hill. with no legislative response the supreme court decision is intact. bret? >> bret: interesting. thanks. >>> why doesn't the highest paid football player in the world take home the most money? the grapevine is next. did you know, your eyes can lose vital nutrients as you age? [ male announcer ] that's why there's ocuvite to help replenish key eye nutrients. ocuvite has a unique formula not found in your multivitamin to help protect your eye health. ocuvite. help protect your eye health. ocuvite. if youthen this willbrids arbe a nice surprise. meet the 5-passenger ford c-max hybrid. c-max come. c-max go. c-max give a ride to everyone it knows. c max has more passenger volume than competitor prius v and we haven't even mentioned... c-max also gets better mpg. say hi to the super fuel efficient ford c-max hybrid. i'm your hot water heater. you hardly know i exist. that's too bad. 'cuz if my pressure relief valve gets stuck... [

aggregate principal amount of not-to-exceed $30,000 with the purpose of providing financal axis of the instruction 88 unit multifamily residential rental housing development unit known as 2175 market street. >> sam (inaudible) from the mayor's office of house, thank you for the chance to present this. this resolution is a follow up from the september 2012, resolution, authorizing the mayor's office of housing to apply, to the california debt limit allocation committee up to $30 million that was approved in december of 2012. and during the current resolution before you is to approve the issuance of the said $30 million. this will be for the construction and development as mentioned in 2175 market street. by now you will receive the various accompanying legal documents, it is important to note that these transactions are conduiat, the only recourse for payments are the revenues themself. to take the nuance to this deal, is that it kind of like the subordinate bond sale, most have to spend considerable time conforming due diligence on this. they will support accredited invest or letter at the losing. >> the

united just turbocharged what was the problem. that $318 million i'm talking about from the finance industry didn't come because of citizens united. citizens united is super paced. these are institutions that make contributions through their own pacs and individuals and money and then visit a congressman or senator and talk about an issue. from my standpoint lobbyists are often very helpful. they bring information. you have to break the link between the lobbyist and money. and so let them off of their advice make their arguments but then an hour later, don't go down to the back room of the bar and get $10,000 check from 20 of them who are giving. >> drink. >> john: in the book you talk about a possible solution to this being a constitutional amendment to get big money out of politics. how can that happen when the guys in congress who would be voting on this are owned by the big money? >> it has happened before. 19th century, for example. we had corrupt state legislators that elected u.s. senators, the people didn't vote. it was the legislatures. and then the people rose up. when the people rose up, they demanded the right to send

iron dome battery is financed by the united states. u.s. put $300 million in this. it is one of things president obama is doing to show his support for israel. he has a speech nationally televised to about a thousand college students. that comes tomorrow. you can expect him to do a direct sell to the israeli people what are the ideas for the country and middle east going forward. why that is the right thing. during his first term the israeli people large lay thought president obama ignored them. you will a lot of one-on-one salesmanship going forward. my grandmother used to say not what you say but how you say it. this is how you say it trip. martha: that is great advice from your grandmother. they were trying to say it very, very well at the initial meeting, it was he have evident. leland, thank you very much. bill: remarkable, martha when you look at the geography for the country of israel. here is the region here. lebanon to the north. israel down here. what we wanted to show you the threat the israelis live with every day. living under a threat is a title here.

bond in aggregate principal in amount not to exceed 30 million to provide financing for the acquisition and construction of an 8 l unit multi-family residential rental housing development known as the 21 75 market street apartments. >> same house same call? this resolution is adopted. item 17. >> item 17 is a resolution authorizing the mayor's office of housing to submit an application to the california department of housing and community development for funding under the calhome program. >> same house same call? this resolution is adopted gov >> item 18. >> item 18 is an ordinance amending the building code and adding various sections concerning seismic standards and making conforming changes. >> same house same call? this ordinance is passed on the first reading. [gavel] >> why don't we call items 19 through 22 around the western soma plan. a these items were referred from the land use and economic development committee without recommendation. item 19, ordinance amending the general plan by adding the western south of market area plan making conforming amendments to the housing commerce industry and recreation open

least is being seen as an alternative to you know to finance in compensation for the lack of assistance that might be coming from europe from the united states that's why libya. is a strategic target for too many too many players and in the region and worldwide many libyans that i've been spoken to and most of them are people who never liked qaddafi because they're all very educated they studied abroad but they tell tell me that one thing that could not not be denied is that during khadafi there was seen a sense of security and stability in the area and this is something they're we're lacking greatly right now how much time we think it will take for libyans to feel secure and first ability when you see the post conflict periods it's difficult one it's not an easy thing especially in a country where the culture was totally absent you know it's time needs patients and he's a real love of this country you know which lots of people lack of those days and other opinion is that the problem is between a growing gap between the victor towns like for example benghazi and the loser towns like ben will eat people feel like maybe the gap is widen

bought a company in the united states because they wanted, we gave them the expertise of which companies to look a at the beste could tell and they made the decision, then we financed the $4 billion transaction for them and then we syndicated that out but we really committed the opinionsing so they could do the deal immediately and saw the power coming together to serve in the united states. you know, this is what the clients need, they need the integrated model, very few companies as they grow don't need to access capital markets, don't need to help them understand those issues, so the safe and soundness there are a lot of ways to get by splitting up activities which will better served together, is, i don't think is the right answer i think the whole answer is a whole bunch of other things. >> rose: what does that mean in too big to fail and size? >> well, you know, if you think about like what i said rehearsal, we have been running our opinion to be the biggest we can and the smallest we can to make sure everything is optimized for the customer but when you think of too big to fail there is an aspect, should the taxpayers ever have to go on the hook that is no an

least is being seen as an alternative to you know to finance in compensation for the lack of assistance that might be coming from europe from the united states that's why i mean libya. is target for too many too many players and in the region and worldwide many libyans that have been spoken to and most of them are people who never liked qaddafi because they're all very educated they studied abroad but they tell tell me that one thing that could not not be denied is that during khadafi there was seen a sense of security and stability in the area and this is something they're we're lacking greatly right now how much time we think it will take for a libyan still feel secure and first ability when you see the post conflict periods of the difficult one it's not an easy thing especially in a country where we create a culture it was totally absent you know heeds time needs patients and he's a real love of this country you know which lots of people like those days and other opinion is that the problem is between a growing gap between the victor towns like for example benghazi and the loser towns like ben will eat people feel like maybe that g

an ordinance and declare that san francisco would be the first council of the united states and that was passed by the finance committee and by the board of supervisors and you are the first one, as a urban entity, a governmental entity to directly address what happens across the street, on the fifth floor, you will see now, if you go there now you will see a line of people, some of them well dressed because six out of ten of the little class will go to civil court have no lawyer, eight out of ten are imp overishood. >> i know this board and i know that you care about them. and i am representing a woman in sacramento who has what other issues? she lost complete custody of her 14-year-old daughter. she is disabled and has no lawyer her husband had a lawyer. how much does it take for families being unrepresented and sometimes both sides are unrepresented for the department... it is common. what do they do? they go to the law library, i found just in a year and a half. they go to the law library and for a lawyer to see a layperson three years of education, three years of education, he cannot represent people unt

telling you, i believe we have a responsibility as men and women of public service managing the finances of the united states of america, and we've got a public -- a president who's in denial, i think it's time for this congress to assert itself and say we're not going to risk this country. i believe our debt is already too high. i believe, without a doubt -- it is a fact. the rogoff and reinhart study was based on public debt and our public debt is now over 100% of g.d.p. it's greater than the entire economy is. and that means we pull down and we place our country at risk. because we're slowing growth, as indicated earlier. but this is what secretary geithner said in 2011 before the budget committee. and i asked him, what did he think about the rogoff and reinhart study. because it was troubling to the committee. everybody on the committee knew about it. the fiscal commission people had consulted with it. we'd had carmen reinhardt testify before the committee, a little later, and so i asked him about it. he said -- this was my question to him, as i recall. "it is an excellent study. and you could say

finances would unravel. >> what we saw in the united states in 2008 and in the '30s, when you do this in cyprus, people aroundurope are going to pull their money out and put the money in banks that are actually stronger. >> wherever the hell they may be. i don't know. i'll tell you this. the imf should have its head examined for even considering this kind of confiscation of guaranteed deposits. that is one of the problems. larry mcdonald, thank you. appreciate joe lavorgna and bob doll. >>> we have the latest on the next restrictive plan bloomy wants to launch on the city. acceler-rental. at a hertz expressrent kiosk, you can rent a car without a reservation... and without a line. now that's a fast car. it's just another way you'll be traveling at the speed of hertz. ♪ [ male announcer ] it was designed to escape the ordinary. it feels like it can escape gravity. ♪ the 2013 c-class coupe. ♪ starting at $37,800. ♪ otherworldly things. but there are some things i've never seen before. this ge jet engine can understand 5,000 data samples per second. which is good for business. because planes use less fuel, spend

there is fiscal pressure, where there is fiscal pressure, it's placed on the finance committee by this document now before the united states senate. the finance committee is called on to do all of the heavy lifting. the principal lift is in the heavy tax increases. the finance committee is reconciled under this document with an almost $1 trillion tax increase. reserve funds, in addition to that $1 trillion, reserve funds anticipate another $500 billion in tax hikes to pay for even more spending. the task put on the finance committee is described as curtailing or eliminating what is called, quote, unquote, "spending through the tax code," and, quote, unquote, "loopholes." but if you look at the document, and particularly if you look at recent history, you will find a different story that says what they assume is not really very realistic. you'll find tax increases -- i want to explain that. but first i'll account for revenue raisers the majority party but you cannot only tax that 1%, you can confiscate -- not tax but confiscate -- the income over $200,000, and you're going to run the government for just a very few mo

united states. he's been pro western in his outlook. he's been the minister of finance before and the deputy prime minister. he's always had strong relations with the united states. now the case against him is problematic. as it was stated it's falling apart. the co-conspiracies of all that were charged with him are charged with attending a particular meeting at state house. in that meeting planning reprisals against the violence that was being meted out. but the key eyewitness said he lied and he's been changing his testimony and even said that he's taken bribes. so the case is falling apart. >> ifill: yet the u.s., britain, canada, the e.u., all very muted, all very nervous about endorsing his election. >> well, they're a little bit in a bad situation because prior to the election, they all essentially threatened the kenyan population, the kenyan electorate by saying if you elect uhuru kenyatta, then there will be consequences, we may put trade sanctions, which was extraordinary frankly. and it was a bit of meddling into the domestic affairs of another country because

project sponsors can take advantage of this financing mechanism as a way to meet their inclusionary requirement, though they have to provide more units at a deeper affordability. we would like to -- currently those projects are exempt from the inclusionary program monitoring and oversight requirements. this legislation would mean that they would be included in those requirements. the amendments we'd like to make today and that supervisor wiener referenced earlier is that we want to make clear that for projects that have already received their planning approvals as of today will be exempt from this provision. so, this will be a new, a new inclusion in our inclusionary program for projects moving forward. the projects that have already exceeded their planning approvals will be exempt from that and that's the language that was referenced earlier. finally, we have in the ordinance language that allows us to under certain circumstances increase the number of eligible buyers that we have available for inclusionary units by increasing the ami level of eligibility. so, the pricing won't change. the pricing of unit levels will stay consistent

and when her opponent had the president of the united states come in, her public financing money could compete on television and radio. and once elected, she wasn't controlled by the oil interests or the health care interests or any of the special interests. she could make decisions what was in the best interest of the people of arizona. host: so when you hear ?tatements such as this guest: i'm saying yes, the cat is out of the bag. the lid has been taken off of a can of worms. but i'm impressed -- a few years ago back in the 1950s they invented a vaccine to try to eliminate polio and it was invented by dr. jonas salk. and he came to a group of us in congress and asked are you an optimist or a pessimist? he said, it's too easy to be a pessimist. i wake up every morning saying how can i make the world better? it's a handful of people who change the world. it's a handful of people who are courageous and i believe -- when dr. martin luther king helped to get the voting rights legislation passed the civil rights legislation passed, he had a majority for about 30 seconds. he didn't stand ar

industry that's developing inside of the united states that's growing dramatically, that's, you know, that is not under the jury diction of tisdi consumer financection bureau. also importantly i'm a big advocate that parts of the united states are growing faster than emergining markets. so you have louisiana growing gdp on a double digit basis. >> you've luked the ag states for a long time. >> i like the ag states. anything exposed to the energy states, too. the big banks don't have a large concentration to those areas. they're well exposed, but they don't have a large concentration. >> would you put new money to work in this market right here? >> yeah. absolutely. bank of america is -- >> i mean the broader market given the fact that last week we were hitting record after record after record. >> without a doubt. i have not been this constructive, this bullish on the u.s. and equities in my career. >> meredith, good to have you on the program. thank you so much. meredith whitney joining us on banks and the market. >>> closed banks, protesters in the streets. the revolt in cyprus over ordinary depositors paying for the bailout is rocking the wor

indeed, in the citizens united supreme court decision that set off this crazy contortions of campaign finance law, it was an interesting statement by the court, joined by eight of nine justices that says disclosure is the less restrictive alternative to more comprehensive speech regulations. that would indicate the court is looking increasingly, approvingly of disclosure. okay. you've got the statutory power. we don't have to do what we failed by one vote with 59 votes and we didn't get 60 votes four years ago to have the disclose out. you have the power. so i'd like to know what each one of you thinks about implementing the statutory authority that you have for all that undisclosed money that is hiding behind the committee for god, mother and country, and yet, it is fueled by very -- various special interest. >> it's a very important issue and i agree with you that disclosure is a first amendment friendly powerful tool in this space. last year, and this was a contentious decision. we approved new rules that require broadcasters to put online the information that they now receive about politi

united states. that's what top cypriot lawmakers are aknownsing but one finances minister said attacks of bank depositsy on the table. the nation's parliament rejected a bailout offer which included that tax. but the clock is ticking for the small island nation. europe's central bank has sed a monday deadline for cyprus to come up with a plan to save itself. otherwise, emergency funding gets cut off entirely. that could force cyprus to ditch the eurozone, and investors say change like that could trigger a broader market panic. greg is live for us. greg? reporter: we're standing in front of what is really a symbol of the problems here, an atm machine. i'll ask my cameraman to zoom in on it. this started working in the past hour. we talked to people who have been to 20-30 atms, have not found any cash. they're desperate. a few blocks from where we are the parliament is meeting, trying to come up with a new approach to the bailout plan, and also getting rid of a troubled bank and what is off the tables the nationalization of pension funds. that was even said to be too tough by german officials but the pro

least is being seen as an alternative to you know to finance convince eight for the lack of assistance that might be coming from europe from the united states that's why libya. is a strategic target for too many too many players and in the region and worldwide many libyans that i've been spoken to and most of them are people who never liked qaddafi because there are very educated they studied abroad but they tell tell me that one thing that could not not be denied is that during khadafi there was seen a sense of security and stability in libya and this is something they were lacking greatly right now how much time they think it will take for libyans to feel secure and first ability when you see the post conflict periods are always difficult one it's not on the.

. >> we're dealing with a country that can really finance its own reconstruction and relatively soon. >> in the battle of iraq, the united states and our allies have prevailed. >> mission accomplished turned into a national tragedy. with unimaginable costs. nearly 4,500 americans were killed in the war. over 32,000 americans were wounded. left maimed or crippled by bush's war. in 2002 before the war began, a young state senator named barack obama came out to oppose the invasion of iraq. at a time when few politicians on the left were showing that kind of courage. when he was running for president a few years later, he promised to end the iraq war, and in 2011, he did. >> as president, i want us to fight on the right battlefield. and what that means is getting out of iraq. >> the long war in iraq will come to an end by the end of this year. across america, our servicemen and women will be reunited with their families. today, i can say that our troops in iraq will definitely be home for the holidays. >> our troops are home. the iraq war is over. but today too many republicans haven't learned the lessons of this tragedy. di

at least is being seen as an alternative you know to finance in compensation for the lack of assistance that might be coming from europe from the united states and that's why i mean libya. is a strategic target for too many too many players and in the region and worldwide many libyans that have been spoken to and most of them are people who never liked things because they're all very educated they studied abroad but they tell tell me that one thing that cannot not be denied is that during khadafi there was seen a sense of security and stability in libya.

finance. the new company would merge fannie and freddie's bond units and would be a separate entity spun off from two. >>> same day delivery failing to lure online shoppers. a survey from boston consulting group says one. hottest e-commerce trends is too expennive for most americans. when would get them to shop online more, nearly 75% surveyed said free delivery. thank you, amazon. that is the latest from fox business, giving you the power to prosper lori: say it ain't so. is the "oracle of omaha" losing his midas touch? fox business senior correspondent charlie gasparino here with a look at the performance of warren buffett. >> you know, he is supposedly a great investor. i'm sure he is. he doesn't return my phone calls. people who don't return my phone calls i usually do stories about. in any event here is my little story about warren buffett. all you have to do i think when you crunch the numbers. he called his last year performance subpar. i would say the last five and 10 years are pretty subpar, when you're an investor, you look at five-year performance. that is the key benchmark that takes

washington as head of homeland security, she is the only person in the united states to run for governor in arizona on the public financing system that was in place. she said to me one time, it was the first time she had a fund- raiser in a poor neighborhood, because in order to qualify for the money, she had to raise $2,005 bills. -- 2,000 $5 bills. when her opponent had the president, it come in to raise money, her public financing money could not compete. when she was elected, she was not controlled by any interest. she could make decisions based on what was in the best interests of the people of arizona. witter --s from t i say yes, the cat is out of the bag, the lid has been taken off the can of worms. -- back in the 1950's, they invented a vaccine to eliminate polio. it was invented by dr. jonas salk. incame to a group of us congress and said, are you an optimist or pessimist? he said, pessimist just have to wait for the sky to fall. i say, how can i make the world better? it is a handful of people that change the world. it is a handful of people who are courageous. when dr. martin luther king helped to get the voti

united states block pakistani fund raising centraling construction on that side. u.s. leaders oppose the project because they suspect money raised would fund tehran's nuclear program. they responded by offering to finance the pakistani side of construction. they said the pipeline is essential for resolving severe energy resources. i will have more headlines for you next hour. i'll leave you with a check on reonal rket : north korean leaders appear to be following through with the threat. they put their entire country on high alert. they are responding to joints u.s. south korea and started at the beginning of the month. state run media reporting the country has been on stand by since last week to take up battle positions. they say militia units have been deployed. they say people have been enrolled in the military and retired soldiers are reenlisting. they are hding ergen meetings and preparing to mobilize. the current state of preparedness under his son and successor is one notch below that. the ruling korea working parties newspaper carried a title all people are solders. the entire nation is on the front line. video shows some buses and trucks covered with camouflage nets. sign boards calling for wa

units put into too the space and people can't get out. so this doesn't deal with those but importantly it deals with seismic and i know there was a ballot it only rewarded the financing he voters and the voters wisely did not pass that. this has to be something that applies evenly across the board. we have another unique situation in san francisco we're only the city have rent controls in place maybe santa monica. it does make a difficult to try to pass on the cost of these two tenants through normal rent increases. our family we have modest rental utilities and seniors live there we don't raise the rent very often but we do make a modest increase if there's new improvements that are needed. but i think we really have to figure out some kind of system and being able to finance this to pass on to the occupants but i think it can't be expected that prospector owners are going to to be able to do those things. the people the landlords were able to get only $300 per month and there were improvements that needed to be made. obviously, if you have a wealthy individual they can do all those things but those who are boarder line it would be expensive to do if someone were on