more than some of the other banks in terms of percentage of past original nation. but it definitely sets a press deb for future settlements with other banks. >> reporter: but that's not the only hurdle banks are facing, they are also negotiating with all 50 state attorneys general over their foreclosure practices, dubbed robo signing. most analysts think a settlement is coming. with bank america again paying the most. >> the state a. g. thing is probably going to be several billion dollars to a bank america. so it actually might be somewhat smaller than this. the other thing about the state a. g. settlement is that parts of that can be taken out of existing reserves. >> reporter: even if you don't own bank stocks, the bank of america settlement could have an impact on you. experts say the faster the subprime mess gets resolved, the faster the housing market can turn around. erika miller, "nightly business report", new york. >> susie: the mood is a little better here at the new york stock exchange and not because there's a party going on behind me. but i think there'

over 3.5 million of those homes have been repossessed by banks. most foreclosure cases involve homeowners losing possession of their house, but one couple in florida fought back against a clogged state court system and an overwhelmed bank and won. warren and maureen nyerges bought this house in naples florida in 2009-- paying cash. so it was a complete surprise to them when they received a foreclosure notice from bank of america. they immediately called the bank to straighten it out, but no luck. proving they had no mortgage was much more difficult than they imagined. >> they just couldn't wrap their head around the fact that there was no mortgage. we had no business with bank of america. we made the purchase from the bank. it was paid in full. i don't understand what failure there was at the corporate level to let this happen. >> i don't know if they just didn't hear or they didn't want to hear or they didn't understand. >> i believe they heard. you'd speak with a representative and ask for their supervisor, and you'd give them the same story you

in the bank of england and the bank of japan again i suggest waterboard k.-max so he's also saying that the greeks are not the problem it's not the people of greece that caused this problem it's the monetary system that is the principal agent and the fact that this is true you could see in the price of gold he points to so that takes me to the next headline greeks turn savings to gold and perth mint silver coin sales surged to record on haven demand so the financial times this article points out is reporting that greek citizens are emptying savings accounts and buying gold as they brace themselves for the possibility of a sovereign default and a run on the banks sales of gold coins of some word in recent weeks as people are converting all their savings into gold that turned gold and silver and you know we were now friends recently ranking in a documentary down there and had a chance to speak before thousands of people have been on the national television in athens and translated into greek and the message to the greek people is clear to buy gold and silver t

bank of america had no comments. wells fargo say they continue to work with borrowers to find alternatives. we asked both to come on camera and talk about the situation, neither of those banks agreed to come on camera. >> poppy, what about mortgage modifications. what are the banks saying? >> you know, they're not talking to us. they gave those statements. i think what's interesting, brooke, if you look at the ripple effect t. the mayor says they've seen hundreds of thousands of lost revenue for the city. when people leave the city, they get foreclosed on, leave the homes, they leave the school district. that means less funding from the state to the city for those schools. the schools have laid off staff. >> it's a domino effect. >> domino effect. the city has laid off half their workers since february alone. so this is one city, but these emblematic of the crisis that continues in the so-called recovery that these folks aren't

of the cycle. according to the imf, u.s. bankslost about 7% of assets during the last crisis and a little bit more if you would do it in terms of risk-weighted as is sets. hence, if large banks are to meet the market-imposed my mum at the bottom of the cycle after losing 7% of assets, you would need about 15% at the top of the cycle to do that. if you use not the 8% capital for the largest banks, but the 10% at the same time for a larger sample of u.s. banks, then you would get, you'd get an answer closer to 17%. if you wanted to use the loss for the weighted average credit loss for all banks instead of u.s. banks, then it would be sort of 4%, and you'd get 12%. so you'd be somewhere between 12, 17% that was kind of using that methodology, that's kind of what you would come up with. well, it's reasonable to say that's a lot deferent than 7%. different than 7%. if you lost 5% during the next crisis, you'd be down to 2%. you don't have a lot, and you're not going to get a lot of lending when the banks have got 2%. a 2011 bank of eng

bank of america has a lot of mortgages. they're trying to integrate merril lynch and you want to be patient but morgan stanley you can jump in feet first. >> tom: we've got viewer questions. stand by the first one from doug and says intel with the recent goldman sachs downgrade do you think it's a buy it's paying more money to shareholders and back in may goldman sachs called it a sell. do you agree? >> i disagree intel is a sell. intel is an excellent well-managed company. you have the dividend yield and the concern is more short-term. it has to do with inventtory starting to increase, competition from the rm processors as they're called and people don't want the net books they're going i pads and intel is still an 800-pound gorilla and cisco with other big tech companies are real bargains now. >> tom: speaking of dividends one of your choices was telefonica. a recent choice. he writes the current dividend is 9% and the payout ratio is 159% how can it keep paying the dividend. the pay out ratio one way to cal late is look

which is now being bailed out on the backs of the greeks but the fact is that these banks who are now occupying greece would not even be alive if it were not for the re or being in the read you know the really giving of ammunition of weapons to these banks by the u.s. taxpayer who is backing the fed ultimately that's right the money comes from the u.s. taxpayer yeah so the u.s. taxpayer by the way fifteen million unemployed they can't i see that america and go to hospitals they don't the price of medicines are so high they're substituting like penicillin substituting with cheddar cheese you go for a blood transfusion and they stick marshmallow fluff they don't have enough money to give you added medicines to support this global scale that's why people around the world are rising rising up but the other point here is that ok we're being told that the whole financial system is going to collapse if we don't bail out joints of banks by forcing the greeks to hand over the rest of their children's and their futures and all of this stuff but why doesn't the fed just open up this

this is a sign of confidence in our banking system. nd i remind everyone with deposit that we have increased the level of deposit insurance to 100% for sums up to 85,000 pounds, and we've made clear there is no implicit taxpayer guaranteed for some above that level. once all these other forms of subsidies are removed, our direct shareholding in banks still remain. it will take some time, possibly several years before they can sell that all. but we can start that process, and i can announce tonight that on behalf of you, the british taxpayer, i have decided that northern rock up for sale. images of the queues outside northern rock branches were a symbol of all what went wrong. and its chaotic collapse did great damage to britain's international reputation. it to return now to private sector would help to rebuild that reputation. to be a sign of confidence and could increase competition in high string banking. we could start to get at least some of our money back. the sale process will be open and transparent, in line with state aid rules

of money laundering. using five different bank accounts betwe s between 2001 a. i spoke with the ceo of birmingham outside of hong kong's eastern district courthouse. he tried to distance the football club from its owner. >> the charge is not related to the birmingham d'alessio club. >> at the same time, birmingham's acting chairman posted a statement on the club's website saying, quote, members of the previous board were placed on bail for a significant amount of time and nothing came of it. the law says a person is presumed innocent until proven guilty. according to afp, he said the fact that prosecutors declined to identify the allegedly criminal origin of the money actually showed the weakness of the case and that is how things stand now. nina? >> you know, ramy, the arrest of carson yeung seems to be a new blow for this football club. birmingham city was recently relegated to championship football in the uk, presumably this is bad news for its finances? >> you know, when you're saying that, football fans are thinking back to late may when that relegation happ

, those of core banking activities. that is ok as long as everyone is doing their job? stakeholders, rating agencies, investors. that is okay? but with -- combined with specter to purposes that is when it's out of control. >> not only combining but when you give the state collective activities a safety net so i can gamble. look, if a large bank or any bank can make $100 million offer of a trade, guess what? they lose 100 million of of a trade -- even though they say they can't because they are perfectly hedged. >> jimmy diamond should agree with you, if he wants -- jamie dimon should agree with you on this. wholesome american business. >> i don't know about wholesome. i do know there are certain acts in this commercial banks can do well and should do well and i think the market is there is to define at that point. i don't want and using the safety net to build their reserve that the date then trade on one aspect of basis to make their earnings. >> now that we have the volcker role we should be getting it to the that. >>

some of the world's largest banks accused of being some of america's biggest slumlords so the foreclosure crisis goes from bad to worse in areas of the last and banks are accused of skirting their duties is the growing great american divide between the haves and the have nots. as mainstream media focuses on dominique strauss kahn sexual assault charges and we're looking toward the future of the i am about as countries call for an end to the legacy of european leadership. charles maybe a symbol of america's under cleared wars overseas with the capability for the u.s. to kill and spy on people with a remote push of a button but are americans becoming the next victims of this virtual reality. anything it's monday june sixth eight pm here in washington d.c. i'm lauren lyster and you're watching r.t. now where is the united states heading it's a question many are asking but the answer depends really on who you ask and if you look at a recent rasmussen poll it shows a pretty large divide sixty one percent of the political class voters believe the country is headed in the right direction compare

billions of dollars are escaping from developing countries to financial safe havens. and secret bank accounts bogus companies and offshore zones are all in on the act of. these people using their very very traditional methods of work we call money laundering or sort of the licit schemes to presidents government ministers unmonitored she used to launder money how much money have they been able to talk away in secret bank accounts that was five billion dollars mobarak with the method at seventy billion to traces the dark fortunes and how can the bankers keep their reputations clean. hollywood we had had no. accounts since more than thirty two compels swiss bankers to disclose information about their clients will the infamous veil of privacy over the country's bank accounts finally be lifted for good. since there is nobody in the house so maybe nobody is living in this building the sixteenth district of paris avenue for this is a quiet fashionable neighborhood. near by an excellent view of the eiffel tower can be seen from the window the inhabitants of these premises are no ordinary peo

billions of dollars are escaping from developing countries to financial safe havens in europe and secret bank accounts bogus companies and offshore zones are all in on the act the mess it's the people are using their very very traditional mis itself what we call money laundering or sort of illicit schemes to presidents government ministers on monex used to launder money how much money have they been able to talk away in secret bank accounts the nile it was five billion dollars mobarak with this two method that's seventy billion traces the dark fortunes and how can the bankers keep their reputation clean that's a legend tell folly which we had had no i know numerous accounts since more than thirty years to compel swiss bankers to disclose information about their clients will the infamous veil of privacy over the country's bank accounts finally be lifted for good. or. bad. but. it seems there is no backing in the house so maybe nobody for living in this building the sixteenth district of paris avenue for this is a quiet fashionable neighborhood. days nearby an excellent view of the eiffel tower

tunisian president ben ali it has been taken out of tunisia and hidden in european bank accounts. by. engineers here itself the search for the next president's money began two days after he fled the country in january two thousand and eleven however should correct of this started investigating ben ali's finances long before the just kind of pollution according to the organizations estimates the ex president's family may be worth as much as five billion europe's. swiss journalist mirrored zaki has spent several years investigating financial wheeling and dealing with some leaders of the world countries but even she can only give a rough estimates of the fortunes we have here's ben ali it was five billion dollars mobarak we've estimated at seventy billion it was serious also that this was the telegraph i said ok. here we. went up to one hundred twenty billion it is believed the family of the libyan leader is africa's richest the gadhafi clan keeps billions of dollars in bank accounts according to specialists from the international center for asset recovery all of libya's state run com

acusan al bank of américa, que les niegan las reducciones de préstamo y de intgererses. >>> estamosrató de tener la opinión de bank of américa, sobre estas quejas. >>> el precio de las viviendas en estados unidos, está en el prc más bajo dcsd el 2010, lucía navarro habló con un agente de bienes raíces. >>> imágenes como esaa, son muy comunes en estados unidos, miles de casas devueltas a los bancos, porque las condiciones de sus préstamos causaron que devolvieran sus casas . ,>>> cómo está la situación de bienes raices ahora?. >>> es una pregunta un poco subjetiva, porque varía de mercado a mercado, en estados unidos las ventas han subido, tenemos 5,1 millones, de casas vendidas, pero los precios han bajado un poco . >>> la causa, es el más inventario, en posesión de los bancos, para ellos la necesidad de vender, genera competencia. >>> pero con todo y esta alza en las ventas, de abril del 2010 a mayo de este año, la ventga de casas ha bajado en un 4,8% los precios también han caido en un 14,6%,. >>> más de 180 mil viviendas en estados unidos, están en proceso de embargo. >>> el índi

. >>> en instantes bank of america anuncia cambios ment y el drama dentro y fuera de a corte en el casoanalgésico que actúa más rápido que tylenol rapid release gels y no sólo más rápido, también es más fuerte. no hay mejor alivio que éste. advil. . bank of america dijo que pagará a sus viinversionistas que perdieron dinero con bonos pero esto en significa que será así para algunos de ustedes veamos qué significa la medida y quienes se benefician de esto. >>> es al acuerda masás caro dea crisis financiera bank of america pagará a los inversionistas que lo demandaron, en un comunicado el presidente de banco dijo es un paso importante en beneficio de nuestro accionistas para minimizar y dejar atrás los problemas con este acuerdo paga los peca dos su subsidiaria. country way fue una compañía que escribió una enciclopedia de mentira, con tantos préstamos sucios. banco de américa gana porque podría haber sido mayor los inversionistas ganan, pero josé que pierde su casa no recibe nada todavía spe que el banco la ayude. >>> muchas veces, habla un representante con uno y luego no se ponen de ac

crisis goes from bad to worse in some areas of the u.s. and banks are accused of skirting their duties is the growing great american divide between the house and the have nots. and more mainstream media focuses on don't make strauss kahn sexual assault charges in court appearance we're looking toward the future of the i am after as countries call for an end to the legacy of european leadership. now drugs may be a symbol of america's undeclared wars overseas with the capability for the u.s. to kill and spy on people with a remote push of a button but are america's becoming the next victims of this virtual reality. that afternoon it's monday june sixth four pm here in washington d.c. i'm lauren lyster and you're watching our t.v. now where is the united states heading it's a question that often gets asked but the answer really depends on who you ask take a look at a recent rasmussen poll that shows sixty one percent of the political class believes that the country is heading in the right direction while seventy eight percent of mainstream voters disag

in the blue, the area occupied by bank of america. given the layout of the floor, the uses -- bank of america has a strong foothold in the bank building may already own. this size is really not an item that could be adjusted. there had been discussion on whether the footprint could be smaller. unfortunately, it does not work with the configuration of the floor and existing infrastructure. the lease is an initial term of 10 years with options to extend two years at fixed rates. by% increases upon renewal. base rent would be approximately $30 per square foot per year, increasing 3% per year. we feel that is competitive for the civic center, given that to beat of the building, which meet sfmta's specific needs. additional charges for power and operating expenses were added in. the rate is over $36 per square foot per year. we still feel that is a competitive rate for what is being received. the rent commencement date is approximately june 1, 2012 with two months' free rental provided by the landlord. in terms of improvements included in t

owns the money of the family and the foundation same thing bank accounts and that's it's a was a bank transfer laundering money under duvalier a was much easier than it is today means of bogus firms nor numerous money transfers were necessary money from the state treasury and that received from other countries especially monetary in asia was transferred to a foundation opened by members of the family of the head of state from that it went to europe. but the account was not. a divided. nation in between it's. your fishel account holder is the vision i called foundation however it was clear to everyone the real. divide in your family. in the one nine hundred eighty six to two vali had to flee to europe then he shared his time between paris and the fashionable hotel on the border with switzerland he made several unsuccessful attempts to get access to the multi-million fortunes in the way in swiss banks since the early two thousand switzerland has been vigorously trying to rid itself of the image of a country whose financial institutions always welcome money without questioning its origin

, credit card banks taking advantage of people in ways that are unethical, and mmittee what we did in th we banking jus committee we had not just of he hearing, we had extensive hearings for months the samethey did the thing in s the house, and we had the gao, government accountability office with the study of the credit card industry to try to decide what changes were needed and my colleagues know and came back and said these are thehese recarommendations and out of all of those hearings a lot of senate - ideas, too. we passed legislation in thee banking senate and house the banking industry didn't like it much andd about they complained about it.to confe re we went to the conference in the house and senate, worked out astry didt like compromise, the banking industry didn't like it much and the were industry, the regulators were required of the bank's required to help implement the to legislation and the had the right rick regulations that were true and consistent with the underlying law and they did. and the banks didn't like it veryer