our assumptions is that cra loans or cra regulate institutions within the assessment areas generally provide more responsible credit to lower income and minority borrowers and that those loans performs quite well. and that's lik like a single evt in a paper on california. we limit our sample to conventional first lien occupied loans that are originated in metropolitan areas. we construct post sampling weights to hopefully make it so that our data set is more reliably sort of matching the universe of loans in case there were any sort of bias is in the matching process itself. we sort of improved our modeling strategy, particularly for the second set of models where we set it up at the foreclosure modeled as a computing risk with prepayment, which we hadn't done show you any models become not going to shoot any fancy math. our math was not as fancy as other papers presented at this conference. so the first thing i'm going to show you is whether or not cra regulated institutions made a large percentage of subprime loans that this is the result of the model. this control for a wide range

on the goals and be cra comment you made pretty clear cases storewide the cra is not to blame.he counter stories so often? >> below and contracts took a disproportionate share of the losses. >> i think you should ask peter that question. >> [inaudible] part of the situation has been that the data has not been available. to look at the issues in detail. we are trying to make it public slowly. >> i am speaking for myself and is then not a direct representative of the federal reserve. the people your luncheon that argument are pretty much anti- government anything. they are complaining things like the cra and -- if you do not believe in government intervention, and you are constantly hearing that what the government is doing is promoting homeownership and you have a situation where you have very high foreclosure rates, it is easy to make those jumps and link those things together, even though the data does not show it. some of these regulations are quite complications -- complicated. the cra is not easily understandable. it does not set any quantitative targets. there are differen

salvador, el estado estÁ muy endeudado, las inversiones a la baja, y las previsiones son que la onomía no crÁh@univi@ que eÍs e que ener h@not uni-fds lateh@h@univision@ jos. h@univisionnot uni-fds lateh@un@ no se . univisionnot uni-fds lateh@h@noe >> los electores de arizona aprobaron una medida que aprobarÁ la ilizaÓn deh@uni-fds lateh@h@noe la proposiciÓn comenzó siendo rechazada tras las elecciones del pasado dÍa dos pero poco a poco comenzÓ a ganar votos y hoy se univh@not uni-fds lateh@h@ >> en as hay intentos tambiÉn de legalizar el uso de la planta con usos medicinales pero segÚn expertos es algo que costaba mucho trabajo a pesar de que los beneficios no serÁn sÓlo en el beneficio de la salud sino tambiÉn en el de la economÍa. >> con mÁs de Ños de experih@uniont uni-late prefiere ocultar su rostro, ingresÓ a la h@ivisionot univer marihuana, para aprender mÁs de los ficios y tratar a los pacientes. >> a mi amigo que tiene artritis de curar el dolor. >> es una droga pero el extrs late de h@la planta de la marihuana produce una medicina que ayuda a la gente con glaucoma, ayuda especialme

hey, you know -- congratulations own this play, by the way. >> thank you. >> jimmy: it's getting craete." [ cheers and applause ] down the street from you, kelsey grammer is in "la cage aux folles." >> yeah, yeah. we're both doing french ays. >> jimmy: it's interesting, yeah. "la bete" and -- >> and "la cage aux folles." >>immy: alphabetically, you're first. >> that's correct. [ applause ] >> jimmy: finally. >> finally. no. >> jimmy: did you see him or -- you guys hang out or -- >> we do hangout. i actually -- i went to the opening night of "la cage," it was back in may and then, he very kindly came to -- when our show opened, he was in performance, so heouldn't come to the show but came at the very end of the opening night party just to show up and be supportive so, yeah, it was -- it's cool. >> jimmy: do you guys ever a chan to go out to joe allen or something like that and get some lunch or -- >> we've gone -- joe allen's, we've run into each other there. we had the dinner at a restaurant downtown and, you ow, you get weird looks 'cause it's like, "oh, it's frasier and niles havin

. >>> president obama is in the air right now, heading to south cra. that after wrapping up a quick trip to the country that he once called home. while in indonesia, the president and first lady visited the largest mosque in southeast asia, and then in a speech at indonesia university, president obama acknowledged that u.s. relations are still frayed with the islamic world, despite his efforts. >> no single speech can eradicate years of mistrust. we can choose to be defined by our differences and give in to a future of suspicion and mistrust. or we can choose to do the hard work of forging common ground and commit ourselves to the steady pursuit of progress. >> the president lived in indonesia for four years when he was a child. he told the crowd today that indonesia is a part of him. but in indonesia, this is one of the most talked about moments of the obamas' visit, the first lady shaking hands with the information minister. he's -- he reached with both hands to grasp hers but now claims that she forced their contact. that moment sparked a landslide

>> i was not cra about it. >> horrible. horrible.solutely horrible. >> i shoveled more than i ever want to shovel again in my life. >> t weather patterns that shaped that historic winter were brought to us courtesy of a strong el nino. el nino is a sudden change in the wind dection and water temperature in the ocn. warmer than average water temperatures is called el nino while lower temperatures are called la nino. >>uring el nino, thjet stream is fairly weak. it's the northern branch we look to that brings us the cold air and potential for snow but mos of those storms would have less moisture. we also look to the north atlantic oscillation. in its negative phase, that jet stream dips way down, bringing us plent of cold air for snow and a lot of storms. that's what we saw last year. this year, though, i think we'll sethe nao in a more positive phase. that means lower temperatures, less aggressive storms and most of the snow staying to the north and west. so what are the predictions for this year? >> i would like you to tell me it wil

reporter: working with professional grief counselors, and using tools like memory walks and arts and crasis camp teaches kids it's okay to cry. and it's okay to laugh, too. >> i did it! >> they're in an unusual circumstance. so this is a placehat they can come and not be unusual. this is the norm here. >> who likes ice skating today? >> reporter: the bon they form at camp are a big part of what helps them heal. losing a loved one can be an isolating experience, but through camp erin, they get to meet other kids just like them going through the exact same thing. thomas has made a close new friend who lost both parents in a car accident. >> i understand how they feel in a way, and they understand how you feel, in a way. >> reporter: now he has a safe space to remember his dad. >> he lived to be 41. he died two days before christmas. we did a lot of fun thin. >> reporter: a group of children brought together by tragedy and heartache. >> it never go away. it's not supposed to go away but it's okay to move on. >> reporter: learning that they can move on together. >> we should tell you somethin

defended the practice of naked short selling and this takes us to our own viral campaign which is cras j.p. morgan by silver now the reason why i wear encouraging people to buy just one ounce of silver is that j.p. morgan is uncle sam they are more than anybody connected to uncle sam and they've been naked shorting selling silver that they don't own in order to suppress the price so we've been sentenced some more video ok this is an idea so first let's look at one bank next card has a plan to crush j.p. morgan all we have to do is buy one else of physical silver. good job one banki. you tube revolution by one ounce of silver put j.p. morgan six feet under and here is the one which is slightly pornographic mamma must j.p. morgan and that thanks to. how much. i can buy it. i try. so she's purchasing her silver there every time j.p. morgan drives the price that there's another series called silver queen which is even a bit more risque so the search for silver coins is making a special dedicated silver queen video just for the crass j.p. morgan by silver campaign all we need is about five

go on ab cra. 2 news.com to find the local high tides we expect throughout the day today.s of sun and the high of 63. let's look at traffic now with kim. >> reporter: good news justin. the earlier accident 95 southbound past white marsh has been cleared out. off to the shoulder but as you see traffic is very heavy and slow approaching white marsh boulevard towards the beltway. the delays running close to 10 minutes. looking at maps, a disabled vehicle 59 southbound approaching eastern avenue and in reisterstown, we have an issue at falls road where a pole fell on a vehicle. there's issues there. here's megan with the morning news update. >> thanks. it's 8:28. it's one of the crimes that makes you go why? a thief made off with a bronze statue of a ram from the ram's tank in annapolis. this happened when the bar was open and full of people. the statue weighs more than 40 pound. it was last seen during sunday's football game. they hope someone returns the mascot and turn the thief in. >>> the trial of an officer has been postponed until march. he is a baltimore city police of

and that is one of the things that led to the financial cra. if we can't figure out how to get people better jobs, then we are going to continue to see the recovery weekend by too much importing and outsourcin u.s. companies have a strategy of taking the production offshore, taking advantage of workers in other countries that don't have basic human-rights, democracy, protections at the workplace. not good for those workers and certainly not for american workers. we have to figure out how to get a better balance. host: our guest, thea lee, afl- cio deputy chief of staff. you can join the conversation -- you can, of course, e-mail us. what do you think should be done it to solve this problem? is it the federal government, companies making pledges out o a moral obligation? guest: combination of all of those things. that is what is important. it is not one thing, one magic bullet, because this is a complex wor and there is a lot of competition. on the one hand we have trade policies to encourage companies to stay in the united states and we need a