this is at road built by the ccc. this is a bridge. this is highway one and you won't know, except you look at the bridge and you will see dates, 1938, 1939. the airstrips are ccc. and the one out at treasure island. long beach, burbank. this is oakland and the whole built line railroad was redone. 19 is a pwa project and our great amphitheatres are from that time. this is santa barbara bowl. this is the forest theater in carmel and these are ccc workers putting huge bolder. here's 6 thousand people getting ready to enjoy oklahoma in that theater. big basin is a ccc project and this one, on the east river, new york. a project built where people from the lower east side could see performances and still do. our parks and recreation. almost all from them. that's the conservatory garden and i photographed that all the time. this is up at jeweliard park. i thought i would show you san francisco. i read they improved every park. i didn't believe this at first. this is the fly casting pools. here was a fly casting champion ship. here it is to

amount of landscapes of ccc. this is the park. they did the work in them. the civil works administration was short lived. it was to get the people through the winter. and it was under the administration of a remarkable social worker from iowa named hary hopkins. he was the forerunner of the wpa and the prototype for it. this is a page from the cw a and it showed kids getting hot lunches. that was important. he put 2 million americans to work. and that included about 50 thousand school teachers sent out to rural areas. this is a cw a project. that's stern grove behind it. they are using wheel barrels. for this reason, many projects were well built. there are no cw a plot. this was one in berkeley placed there and the tennis court at coat niecis park. i was showing a montessory class there. this is an amphitheatre. it's a wonderful amphitheatre. there was from the sidewalks and they just reused it to create other things. down in menlow park. they built into a caretakers house. the wpa is must more famous. it came after the cw a. it did everything. they put ei

amount of landscapes of ccc. this is the park. they did the work in them. the civil works administration was short lived. it was to get the people through the winter. and it was under the administration of a remarkable social worker from iowa named hary hopkins. he was the forerunner of the wpa and the prototype for it. this is a page from the cw a and it showed kids getting hot lunches. that was important. he

<ccc> preocupado por las su gobierno bolivia y venezuela con el lider irani mahmoud ahmedinejadojala que los ee.uu. cambien su politica hacia america latina. esta avanzando peligrosamente el narcotrafico. estan avanzando peligrosamente amistades con paises, con gente relacionada con el terrorismo internacional. acuso a la organizacion de estados americanos de no cumplir con su rol encomendado en su carta democratica y solo de responder a intereses. la oea no esta vigente, ojala se rectifiquen estos procedimientos para que todos nuevamente volvamos a confiar en lo que era la oea, cuando actuaba con verticalidad, cuando actuaba con objetividad, cuando defendia la democracia y no los intereses de ciertos lideres de la region andina como hugo chavez, evo morales y rafael correa. en washington alfredo miranda, univision. bien pasamos una vez a los deportes .la copa sudamericana esta en los cuartos de final y hace unos mm termino el cambiamos de deportes y nos metemos en le triunfo con e

some initiatives such as a civilian conservation corp., the ccc that employed young men to reclaim the nation's natural resources was roosevelt's idea himself. others such as the national industrial recovery act were congressional inspired. for the first time in american history, government became on active participant in the economic life of the country. after saving the banks, roosevelt turned to agriculture. in iowa, a bushel of corn sold for less than a package of chewing gum. in mississippi cotton sold for less than five cents a pound. 46% of the nation's farms faced foreclosure. the new deal responded acreage allotments, price supports, and the farm credit administration, farm mortgages were refinanced, production credit provided at low interest rates. a network of county agents established under the agriculture adjustment act, brought soil testing to every county in the country. the urban housing market was in disarray. almost half of the nation's home owners could not make their mortgage payments, and new home construction was at a standstill. roosevelt responded with the homeo

but it may be done out of sort of the political side of the house democrats, out of the d-ccc which is theirampaign m and that's how they're going to make this work. look you can invite anybody to a leadership meeting and that's essentially what nancy pelosi is doing. saying, look, i'm going to find -- there is always going to be a seat at the table for jim clyburn. >> chuck todd as always, thank you. >>> we want to get a check of some of the other headlines of the morning. for that we'll say hello to melissa francis at the news desk. >> good morning, everyone. we begin in eastern afghanistan where a group of would-be suicide bombers tried storming a major nato base. the attack sparked a gun battle. officials say eight insurgents were killed. the taliban has claimed responsibility. >>> and alarming spike in haiti's cholera outbreak. there are more than 12,000 hospital cases and nearly 800 deaths. that includes dozens of cases in the crowded capital of port-au-prince. health experts warn the numbers could growexponentially. the u.n. is asking f more than $160 million in donations to fig

origination, 91% of issues have been downgraded, all day fixed the number is 99%, subprime, 96%, so basically ccc cash flows don't fit investors well and it's rerated at investment grade and the bottom part provides credit support for the new bond. this is currently happening inside 8 # billion of new originations since the beginning of 2009. there's been securitization of loans purchased below par, and the final stage of the process is new securitization, so we ran an arm a couple weeks ago and said is there new securitization because it's not economic or because there's too many regulatory and other barriers? the answer is it's not economic. we figured to acquire a 5/8 mortgage right to have a par price at 4.5 yield on a senior bond. what rate do we need for a profitable securitization. we took collateral, divided it -- assumed top quality fixed rate collateral, with a 7% subpiece and the senior price has a yield of 4.5% at par, we gave the subs a 12% nonloss adjusted yield, we gave the io yield, the servicing a yield, and all together we figured you need a 5 and 5/8 rate to make the economics.