the severed his third district is responsible for a business loan portfolio of 12,000 loans worth $4.2 billion. in 2009, the sba approved $500 million in lending. next, we have the executive director of the san francisco small business office. she was in san francisco in 1986 to open the buffalo exchange limited store, and in the 13 years she worked for buffalo exchange, tennis district manager, she held her open the company from four to 11 stores. in 2009, the mayor appointed her as executive director to the office of small businesses. next, we have the ceo of opportunity funds. he has combined his background as a community organizer with an education from stanford to develop an innovative, not-for- profit financial incision that uses market principles to affect systemic change. it operates one of the nation's largest individual development, 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 unio

loans in october. the biggest bank dropped out of the market because competition from the federal government limits its ability to expandhe business this to the loan portfolioeld $11 billion at the end of june less than half of 1% of the 2. $4 trillion of assets produce steady shows bab boomers getting back into old habits and national survey on drug use fines the use of illegal drugs is surging among middle-aged baby boomers from the age through 5254 the rate doubles the just over 7% last year and for those 55 through 59 and tripled in the most commonly used illegal drug? no surprise, marijuana. the south american country of peru with illicit activities it has no overtaken columbia as the number one source of u.s. currency in the united nations crop estimates suggest it has also overtaken columbia as the world's leading cocaine producer and export on wall street stocks were flat but posting gains for the third straight day the dow was up seven points the s&p two in the nasdaq than the volume drops at 2.9 billion shares in weekly jobless claims fell to lowest level in five years ahead of the oddest of the employ report claims dropped to 9,000 at 323,000 wou

portfolio. the pocketbook part is pretty intuitive and easy to understand because mortgage rates, business loans, auto loans, credit cards and personal loans, those are set against the ten-year yields so when it goes up those go up as well. mortgage rates are now 4.5% for a 30-year fixed, a year ago 3.5% meaning a monthly payment on a $200,000 is up 90 bucks compared to a year ago. now your portfolio, how does this impact, because the ten-year yield provides competition to other investment products that pay dividends or interest rates, so, for example, take a look at what's happened to interest rates in both mexico and netherlands and to interest rates all over the world. they have all risen because the u.s. government is still considered the best credit rating in the entire world so if we're paying more, everybody else has to pay more. why would you give 3% to a less secure investment when you can get it in a u.s. treasury? so, other countries have to pay more. that also means though that stocks and high-yield bonds, et cetera, those that pay well as dividends tend to get hit when u.s. interest

the severed his third district is responsible for a business loan portfolio of 12,000 loans worth $4.2 billion. in 2009, the sba approved $500 million in lending. next, we have the executive director of the san francisco small business office. she was in san francisco in 1986 to open the buffalo exchange limited store, and in the 13 years she worked for buffalo exchange, tennis district manager, she held her open the company from four to 11 stores. in 2009, the mayor appointed her as executive director to the office of small businesses. next, we have the ceo o

loans and keep them in portfolio. they are kved mortgages with a safe harbor for litigation. it would be a bad business decision if they torp leave that money on the table and not make it. >> i think it's important you reach tout them. >> they need to know. >> some of them need know it yet. >> if i could talk about transparency issues. we are coming up on the anniversary with the death of president kennedy. one of the things i've heard about the administration was the public service. you look at some of his words, let the public service be a rode and lively career. let every man and woman who works in any area of our national government in any branch and level be to be say with pride and honor if in future year. i serve the u.s. government. we remember ask not what your country can do for you. ask what you can do for your country. president kennedy told the american people to ask of those public service the same to hold them to the same high standards of strength and sacrifice we ask of the american people. there was an ad on the american bankers website advertising employment. not satisfied with your