fannie. i mean, fannie, what do you want to say to him?ry. >> how does she know? >> because we've been through this before. like it ain't like -- >> have you been through it before, why does she have to go through it again? this girl loves you. >> i walked away. >> fannie, fannie. >> stop walking away. >> what do you want to say to him? >> nothing. >> nothing? fannie, are you done? fannie, if you're done, i got to tell you, i don't blame you fannie, do you want to be done with him? fannie, i'll say this. fannie, if you do not want to be with this man, you shouldn't have to. if you don't want to be with him, you should go. because you deserve a lot better. because you've been there for him and he's cheating on you. and he doesn't even have an answer for it. you don't seem like you want to fight for this. >> i really do, but we already been through this. we already -- >> so are you done? so be done. fannie, tell him. if you want to be done with him, look at him and tell him. do you want to be done? >> i don't know. >> you don't know? >> it d

raising questions about what kind of future fannie and freddie will be. which by definition means what's the future of multifamily housing and the role if any the government is going to play in it. again, it comes back to the famous word, uncertainty. uncertainty is the death now of everything. >> things come full circle. we're going to take a break. i checked huffington post. they put a new lead up. jimmy carter making some comments that the middle class is now like the poor of old in the united states. and the reason is years of tax breaks for the wealthy. a minimum wage untethered from the inflation rate. gerrymandering with the districts. what happened was to narrow this, you need to spread

that means winding down fannie and freddie. as the president said, for too long their model was heads they win, tails we, the taxpayers, lose. he'll do this by making a smooth transition of assets, the people, their ideas, their infrastructure as part of government's new limited and targeted role. it's a role that should be explicit, not the implicit role that fannie and freddie had before. and as we make this transition, we remain firmly focused on doing it in a way that doesn't disrupt the credit market in the short term so that our recovery can continue. the third principle reform outlined by the president is insuring access to safe, responsible financing like the 0-year fixed -- 30-year fixed rate mortgage. doing so will increase confidence of long-term investor in mortgage-backed securities so that 30-year products will be offered in both good and bad times. this also means shaping a competitive marketplace by giving community banks and smaller lenders the same access to the capital markets as the big banks. five years aft

reorganizing can rehabilitating and winding up the affairs of fannie mae and freddie mac.is exactly the path we set forth last year when we issued the strategic aim for a conservatorship. more specifically we sat for three strategic goals in that plan. the first is the bill. aldinger infrastructure from the secondary mortgage market. the second his contract. gradually contract fenian freddie's dominant presence in the marketplace while simplifying and shrinking their operations. the third goal is to maintain. maintain foreclosure prevention activity and credit availability for new and refinanced mortgages. we identify specific activities to achieve these goals in a conservator scorecard in 2012 and again in 2013 as much progress on the pulse has been achieved. as time moves on skill of the operations and conservatorship cannot remain static. after the end of last year the amount of taxpayer capital support the outstanding debt and mortgage backed securities became thick scum of the bidding risk exposures failed to maintain the adequacy of the remaining capital support for

during the period when fannie and freddie weren't being reformed, the republicans were in power. apparently there was this secret view that i was manipulating tom delay. i will tell you this, if tom delay was listening to me, we wouldn't have had the tax cut many viewers would like and he wouldn't have gone on "dancing with the stars." i did in 2003, i was too optimistic about fannie and freddie, although i was trying to get them to focus on multi-family housing. in 204, i have the article in front of me, i publicly criticize the the bush administration for requiring them to get half of the mortgages to people below the median income. 2006, specifically about fannie and freddie. i'm going to be theatrical. here's hank paulson's book. he says in 2006, after the election, when i was the chairman-elect, he talked to me about reforming fannie and freddie and i agreed with him. in fact, one of the first things we did when i became chairman was to pass a bill to regulate fannie and freddie in the house. there was a group called fm policy focus, the major opponent of them, and they said

neil: the goal to me is paying fannie anything, that is what -- >> it is bogus, and absurd. it is so upsetting, the irony, 5 years after the financial crisis, fannie and freddie that helped cause this official crisis, they are getting money from one of the banks, j.p. morgan, which avoided a financial crisis, not saying they are perfect but in terms of risk management they were the best, one of the banks that caused financial crisis citigroup, was a place where jack lew worked. collected $8 million check before he became treasury secretary, and ti and tim geith, asleep at switch as a head of new york fed, he is now. this is perversity. neil: great job, it is amazing. charlie. thank you. >> in the meantime, whether you can fight the government on something like that, that depends on whether you are well heeled client like you know jpmorgan chase or you just accept it and move on. ashbly, what do you think happens now and whether individuals have a chance of getting some of this money. >> well, i think that real question is whether or not the government lied when they basicall

the fine is for misleading freddie mac and fannie mae about risky mortgage securities.is facing a long list of federal investigations. >>> a 7.2 magnitude earthquake hit off of japan's east coast. there have been no reports of damage. japan said this quake is likely an after shock of a 2011 quake. >>> and two of america's top allies are demanding explanations from the united states over recent spying allegations. germany and france they are also worried about a breach of trust. >>> top diplomats all seem to agree it's no secret the u.s. spies on other countries. in fact many of the european nations who are now complaining have long cooperated with the aledged spying operations. >> reporter: a conference in washington on the history of the u.s. surveillance state. the long-planned event coming on the day european leaders expressed outrage at the u.s.'s surveillance of them. posters warning of the dangers of german eavesdropping during world war ii. now it's the germans who are raising the alarm. if you are not a u.s. citizen the obama administration feels it has ever rig

fannie mae stock keeps going up. intertwining of public- sector appointees to the private board for private gain was producing good news for everybody as well as good pay for everybody. it was kind of a situation where nobody had a strong interest in blowing the whistle. we tried to blow the whistle. we had proposals. but not just fannie mae and freddie mac but the whole concept of government support of the mortgage finance system was so popular on capitol hill that even today it is hard to break. >> a couple of things that i have never heard anybody answer, larry lindsey who was in the white house predicted that the iraq war was going to cost a couple hundred million -- billion dollars. others were saying 60 billion. all of a sudden, larry lindsey was gone. was he fired? larry -- first of all, the assertion that larry was fired because of his prediction about how much the war would cost is just flat wrong. i have seen that in print all over the place. just flat wrong. it wasn't even -- he didn't say, that is what is

it's not fannie and freddie. but fannie and freddie and the fha.fannie and freddie, 80%, but much bigger. if the government is subsidizing mortgages, that means the government is setting price and terms, and we're setting ourselves up for other significant problems looking way out into the future. and so we -- what we've talked about that, we talked about a number of things. but to me, the biggest thing that really needs to get done is to get our economy growing again. so that it's growing -- right now the economy is growing. that's a plus. but it needs to grow faster. it needs to be more competitive if we're going to create the kinds of jobs we need. and only when we create those jobs and get the economy growing are the american people going to be less polarized. and some of the anger going to dissipate, which again is going to help our political system work better. >> well, that's really an important point, the anger. here we have a day where you brought together both sides of the aisle. you mentioned some of the people. you've been able to bring

hasta aqui los deportes, buenas noches para todos mas adelante fanny guetierrez nos tiene una entrevistasa lugar que esta mas latino que nunca es plaza sesamo, en su temporada numero 44 incorporan a "mando" un simpatico chico latino hola fanny!! para mi es un sueÑo hecho realidad poder estar en plaza sesamo... y para mi tambien fanny es una gran alegria tener a mando en el elenco ya que puedo practicar mi espaÑol... y claro que rosita le mando un mensaje a nuestra presentadora maria rosa lucchini... 'claro que me gustaria ir a da las noticias con rosita, no mas que me invite pero que me enseÑe porque aun estoy pequeÑa" amigos gracias por dejarnos entrar en sus hogares... >>> gracias por acompaÑarnos en esta noche de jueves 3 de octubre. momentos de tensiÓn en los alrededores del capitolio. >>> en el otro extremo del paÍs el jÚbilo le apoderÓ de 2 millones de personas, el gobernador firma ley que permite tener licencia de manejo. jÓven jÓvenes esperan una protesta ayudados por sus madres. >>> y la posible tormenta karen podrÍa llegar el fin de semana. >>> este es su "noticiero univisiÓn",

fannie mae stock keeps going up. the sort of the intertwining of public sector appointees to the private board for private gain was produce iing good news and d pay for everybody. so it was a situation where nobody had a strong interest in blowing the whistle. we tried to blow the whistle. we had proposals. but the -- you know, the -- not just fannie mae and freddie mac, but the whole concept of government support of a mortgage finance system so popular on capitol hill that it is just an iron grip that even today is hard to break. >> a couple of things that i never heard anybody answer. larry lindsey who was in the white house economic advisor predicted that the iraq war was going to cost a couple hundred million billion dollars. and paul wolfowitz i think was saying $60 billion. all of a sudden, lindsey was gone. was he fired? >> larry -- first of all, the assertion that larry was fired because of his prediction about the -- about how much the war would cost is just flat wrong. i've seen that in print all over the p

fannie and freddie are on track to completing their repurchase requests.utual sed with the cooperation of many counterparties to resolve the hallenging business matters in a professional way and i look speedy resolution in the remaining claims for the coming months. of this ince the start year, the model has been changed quality control place in cess taking time of purchase rather than the mortgage n feels the purpose. limited d except for issues such as fraud is limited to three years for performing loans. future, we will continue the mply and improve upon framework. important strides have been implemented this year. but there is still a learning process going on. futer improvements can will be over time. technological d developments to contribute to reliable issues for warrant relief in the future. still, this will take time. constructive dialogue etween you as mortgage originators as fannie mae and fhfa will lead to further enhancements to mortgage improved originator systems and greater confidence that loans sold in market will not come back some day d

loans to fannie mae and freddie mac. is part of a program called high speed swim lane or hustle according to the justice department bank of america continued selling junk mortgages even after they bought countrywide when the housing market collapsed fannie and freddie lost billions on the toxic loans they bought from countrywide and a bag of america and had to be bailed out by taxpayers you and me so out of the bag america has been found guilty of fraud that means finally banks are going to go to jail right face the music. alexis goldstein communications director at the other ninety eight percent alexis welcome thank you for having me great to have you here with us so let's start out by just in caps lee summarize it will be a way before them countrywide were up to thirty or so essentially during the lead up to the crisis countrywide and bank of america after they acquired countrywide were trying to make as much money as they possibly could and so there was this focus within the company on volume getting as many loans as

fannie mae and freddie mac are relaxing rules... keeping banks from approving mortgages during the government shutdown. typically, fannie and freddie require lenders to verify a borrower's income with the i -r-s before closing. but last week, some lenders reported they could not approve the mortgages because the shutdown severely interrupted the i-r-s's operations. the mortgage giants say lenders could continue to issue new loans even without the i-r-s confirmation. borrowers who apply for mortgages will still need to sign an income verification request ... but verification can wait until after the government shutdown ends, and lenders can use other means to verify the income. today, president obama will nominate janet yellen to serve as the next chair of the federal reserve. if she is confirmed by the senate, she will be the first woman to head the central bank in its 100-year history. she currently serves as fed vice chair rumor has it... "apple" is set to unveil a new i- pad as early as this month. a report by 'all things d,' say

so now the dutch have engaged in setting up institutions like fannie and freddie and here in the u.k. we have a government backed mortgage scheme. help to buy here in the u.k. looks like some of the things that were done with fannie and freddie. >> good luck with that. >> yeah. >> real quick, the $100 bill. there's a new one out ands got a lot of tech features so people can't duplicate it. >> absolutely. apparently if you move this, i mean, i haven't touched one but as i understand it, you have a 3-d imagine of the liberty bell that moves as you move the note. you've also got a number of other tech features on it. i'm just looking at my notes. benjamin franklin on there of course. but these 3-d security ribbons meant to make it harder for the counterfeiters. that's what it's all about here. stopping people faking $100 bills. >> a little color makes it look less boring. all right, jeff, have a good day. appreciate the insight. all right to twitter, an inventor creates a watch that says it can predict when you're going to die. how does it work? well, you fill out a medical questionnaire

it was fannie mae and freddie mac. they should be on trial here. >> make a couple good points we should drill down on. for example, who is getting money this is question we've been asking. 7 billion is going into treasury. maybe 4 billion is going into housing programs of different types. susan, what do you think, who is getting money? where does it go. >> 4 billion is going to consumer relief, talking about mortgage prince pill reductions. every penny goes into the general treasury fund. the money can not be used by anybody unless appropriated by congress. this is not some conspiracy all the sudden the justice department is getting more money

access to a home loan at a reasonable price is difficult to attain using a freddie mac or fannie mae loan, for an average credit score borrower. low-level price of judges, adverse market these, mortgage insurance, all of these additions have produced a portfolio that adds -- a report just released by the federal reserve said quote implies no risk-taking. but today the gses are virtually printing money. the excess profits reflect -- put them down in the treasure and this is all coming out of cost of homeownership in the broader economic recovery. it's a classic case of overcorrection, and it's gone too far. it's not an exaggeration. this data supports it or i want to give you just one variable on the data that was just released

the fhfa oversees fanny and freddie mac. between them fannie and freddie mac back a vast majority of mortgages in the country. the fhfa has the tools to help homeowners who continue to struggle following the 2008 financial crisis and it has the tools to help accelerate our economic recovery. for four years now the fhfa has been led by an acting director. the time has come for some permanence and for some certainty. it's time for the fhfa to have a director, and congressman mel watt is the right man for the job. he has decades of relevant experience. he spent 22 years as a practicing lawyer, working with middle- and lower-income families on real estate closings and other housing issues. he then spent the next 21 years in congress as a member of the house financial services committee where he dealt firsthand with housing finance as a policy matter. when it comes to housing, congressman watt has seen it all. and congressman watt has shown good judgment throughout it all. several years before the housing market collapsed in 2008

what about fannie mae and freddie mac?ointees by bill clinton got $130 million worth of bonuses for buying these toxic mortgages and bundling them and selling them. all thisbility for mess is deep and wide. these government regulators were in on these ponzi schemes, with bernie made off -- madoff doing nothing. laura is up next on our line for independents. i read a bookear called, "all the devils are here ." as i recall, goldman sachs was involved in a lot of this funneling or whatever you want to call these processes. why are they not being signed in? when iit so offensive see these -- i'm going to call being paid -- enormous salaries. $70 million, $80 million a year ceo pay. i'm sure the people under them also make substantial moneys. the poor people that were -- i can't even find the words. host: if you can address laura's question about the role of goldman sachs? the securities and exchange commission did bring a case against goldman a few years is roughly in this same subject area. it was a prominent case. when it wa

is just number one number two energy market rigging in california and number three live or rigging fannie mae and freddie mac. the government backed agencies are now suing jamie diamond jane. p. morgan because of rigging global interest rates on the three hundred plus trillion dollar market that's just three there's live or there's a g. there's a maid of all jamie dimon and j.p. morgan all had a hand in it there is a violation of middle and capital requirements they break twenty four hours a day seven days a week there's regulatory capture the list goes on and on and i've got a rap sheet longer than tony soprano but again he's white so therefore of today's america that means he's right well eric holder is very black and i think he is allowed to get away with crimes i don't think it's a matter of any sort of race i think what does it when you've got a lecture to to me because it was getting out of his place so that ascent jamie dimon the big white father from wall street you know eric holder get your place because it was going so he doesn't go i don't have many ready for isn't

we don't know yet but we don't even know if obama really does want to draw down fannie and freddie. we don't know if that's possible. there's still a mess in housing market. i think the important part of this debate is that the 30 year fixed mortgage used to be the actual backbone offer housing market. and now we've increasingly moved to the subprime variable rate, ballooning mortgage contract. we saw the results of them when the housing market exploded in 2007, 2008. we saw that many people could not pay, that these were in many places unpayable debt. and more than anything else, you drawback to the different ways that we have experienced about this history of the united states housing in the united states used to be the every white american always received a 30 year fixed mortgage. you would have to have ruined, ruined credit to get anything else. but in redline communities to actually see it, african-americans actually received loans from lenders that were then called loan sharks because they were so predatory. loans that mirror pretty closely the loans that we experienced as the

short sellers cannot make fannie mae go bankrupt. i mean, my goodness. no ship -- no short seller went out and made a horrible loss and took out huge amounts of leverage, etc. what short sellers do, just like people who buy stock, they finesse. they see what is happening and invest. you see a great product and buy the stock, are you manipulating the stock? no, you're buying it back and try to make a profit. he sees something is falling apart and you sell it short, it might go up been hurt you very badly. you might lose money. but if it goes down because someone is making mistakes, that is another way of making money, taking action in the market. you probably bet on football games. when you bet on team acts you are betting against seymour. understand? you are betting against team white. that is what short-sellers do. they say that it is making the same. they're betting it is going to fail. >> is short-selling give the market? >> absolutely. it holds down some of the excess. going from ten to 100, but it is a fraud. people get swept away. the short sellers

adam: regional banks, i'm not sure they would be a big as playwer new fannie freddie entity. go ahead, michael. >> i was going to ask would that be considered a new round of stimulus since there is no more bullets in the gun. >> could be. i don't know exactly what it means at this point. i don't think anybody really does. but my view, housing, goldman had a call about to brothers. gosh the housing recovery is spreading. we don't need to concentrate our efforts up at the high-end. i believe that means a lot when you're talking about housing finance and banks in general. liz: jamie, before we go, give two regional bank names. >> bb&t and suntrust. liz: bb&t, suntrust. still believer in regional banks. thank you both, jamie cox and michael gerka. we'll check in with you in a few minutes when the s&p futures close. adam: it is a game of chicken in d.c. does anybody in the white house or capitol hill know how to break a deadlock. we'll go live for the latest what you need to know about the standoff. liz: the pentagon is under siege from budget cutters. even though they sent 30,000

some fannies. a fanny tester. >> right. >>> where was that, oakland? >> that was berkeley. >> okay. fun. go check 'em out. okay, so weather today. comfortable, pleasant. those are the words of the day. so a little bit warmer, a touch warmer than what we saw yesterday but should be a great fall day out there. let's take a look at current temperatures outside. we're seeing mostly 40s and 50s. a little warmer today by a few degrees in some places. only 46 in santa rosa but 54 in oakland and low 50s in livermore. so taking a check of some temperatures by later on this afternoon, those numbers will bump up by at least a few degrees especially in san francisco. you notice three-plus high about 67. and this warming trend will continue into the weekend so we'll take a check of the seven- day forecast coming up. in the meantime it is thursday. we have to get to work on time. here's a live look at traffic cameras and our sensors. this is westbound 580 coming through the altamont pass. no big delays so far just your usual stuff through the livermore valley. eastbound they have overnight roadwo

there was information with respect to fannie mae and the massive and systemic fraud and abuse of fannie mae but to the light i mean the chairman of fannie mae at the time was a guy named franklin raines and he ended up getting a two million dollar bonus so again tragically with president obama and. the attorney general holder who comes from the defense industry protecting white collar criminals. they haven't grasped the concept that crime expands to our willingness to tolerate it and the fact that we're looking here and again this is tim seems to be gamed for the incentive of fraud and corruption and abuse. and until we start putting bankers in jail for their crimes against humanity. you know we're going to continue with these same problems but when we go to our congresspeople when we go to the regulators when you know when we go to the f.b.i. all things of which i have done. you know i would not only shun those people started working against me and that's not the way that the program should work thank you so much for this interesting interview that was all sorts of day we're talking to

so why should jpmorgan put up, what is it, $4 billion to fannie and freddie as though fannie and freddieulpable for their own mistakes? i mean this smacks of politics. and i want to add this point. you can respond. i want you both to respond. jamie dimon, i know he has made mistakes. i'm not arguing that. i know the bank made mistakes. but dimon was a critic of obamanomics. dimon was a big critic of the glass -- of the dodd/frank regulatory bill. and dimon has been a big critic of overregulation of business now for several years. is this payback to dimon as well as these other trumped up charges? >> i don't think so. >> i think when you look at the consumer relief fund, it clearly has very serious political aspects to it that don't have anything to do with the fundamentals of the allegations. but i don't think that it's targeted at jpmorgan. first of all, you know, jamie dimon i think it was in 2010, when asked what his biggest regret was, his biggest regret was almost 40% of their originations, not wamu, not bear, but jpmorgan's were through third party originators, and those were probl

i think first of all -- fannie and freddie.here will always be a role for fha for both tradition underserved borrowers and that includes some first-time homebuyers, and as well as to play the kind of countercyclical role that we did during this crisis. it's exactly unclear how much future entities since we don't know exactly what they will look like yet what kind of triggered there will be for their involvement in a countercyclical role as well but if you think it is a role for fha, and that's going forward. so showed our general appetite in normal times be less than it has been during this crisis? absolutely. there are lovers to i think create that situation terms of the loan limits -- there are levers -- for the market in general going forward. but i think went to look at how long-term fha nests into was is over all would be better think there is an ongoing role. >> so the chicken or the egg, the define what these new entities do and then fha picks up what might not be covered? or do you start by defining fha's mission and th

mae as soon as fannie mae securitize something it became aaa rated that's what happened when fannie mae backed any kind of instrument of any kind so soon as they did that it became aaa rated you could borrow ninety percent against a aaa rated government security that uses leverage they sold them off people borrowed against it if street was such a terrible place that if they were you know if wall street was the problem people would be going to jail because i assure you that obama and the attorney general would be going after him so the point is you say this stuff and it's nonsense the reality is we do have a debt ceiling problem and the reason we have a debt ceiling problem is we have to print money devalue our currency and we're going to become like japan where they have two hundred fifty percent of their g.d.p. is their debt that's the problem that we're going to have it is a problem less and you've got to learn you don't know where all street but you write books about it all right a little bit of a fella pair philip dewey does the u.s. have an economy does the u.s. have an economy

. $4 billion would go to the agency that regulates fannie mae and freddy mac, the mortgage giants thatt billions. another $4 billion would go for consumer relief. that may include lowering the amount that effected home owners owe on their mortgages. and another $5 billion in penalties for misleading investors. and none of this would save jpmorgan or current or former employees immunity from criminal prosecution so far as we hear. $13 billion is a lot of money. but for a bank with assets of $2.5 trillion that brought in profits totals $21.3 billion last year, the big payout won't devastate it, despite the payout, the stock is still up more than 23% for the year. what is jpmorgan exactly accused of doing? patricia sabga explains. >> reporter: loans were bundled together by banks and sold to securities to big investors including fannie mae and freddie mac. when the double burst investors suffered huge losses. >> this settlement is a step in the right direction because many people have believed for a long time that many of these banks, including jpmorgan sold a lot of securities under fals

fanny gutierrez cubrio esta parte del evento. fanny..oncierto lleno de energia positiva y canciones con las que se identifican millones de inmigrantes indocumentados, los tigres del norte exigieron una pronta reforma migratoria con su musica... mÚsica: "llegue llorando a tierra de anglosajÓn" sus canciones, expresan el sentir de los inmigrantes indocumentados... "queremos ser parte de este movimiento por muchos motivos a los cuales nosotros somos participes con ellos de nuestras canciones, de nuestras vivencias, de nuestra vida tambiÉn no personal que tenemos unas vivencias desde que nosotros llegamos a este paÍs..." son la voz de mÁs de once millones de corazones que palpitan con la ilusiÓn de alcanzar una pronta reforma migratoria que los saque de las sombras... "que son tantos los problemas y que son tantas las necesidades de nuestra gente que hace sentirte mÁs comprometido au Ún con una responsabilidad aun mas grande y esto es solamente el inicio eh de lo que los tigres del norte pensamos que podemos hacer para toda esta gente que es

it smooths your fannie, lifts and separates your fannie and this man lost all of the color in his face no idea but apparently fannie means va gin na in england. >> that i did not know. >> there you go. so you can imagine my international expansion is off to a great start. >> a word you don't hear often on "squawk box" and a woman that you don't see in the u.s. but she is such an inspiration, amazing interview. >> what a story she is and her two points about if you haven't failed you haven't tried. the other thing is you learn more from your nonsuccesses. >> and how i made your millions show, you and i see that with the wealthy all the time. they always say the secret is failing a lot until you make it. >> your program on the lifestyles or the secret lives. >> secret lives. >> super rich, a new episode, super rich tonight on cnbc. what do you got. >> the season finale. saved some of the best for last. $54 million beach house in malibu called villa contenta. the poolhouse to the queen of the vampires in true blood. check it out. >> this is a little beach house. >> oh, my god. i have to t

where are the penalties to fannie and freddie. i'm doing the math. 6 billion for bank of america, on top of 40 billion b of a paid out. >> potential 57 billion, the value of the securities. stuart: j.p. morgan stock is dead flat. despite the whopping 13 billion number that we just heard from liz. the overall market is open this monday morning and we're ever so slightly up now, pretty much flat. right around 15,400, but individual stocks, names you know, are in the news and they're moving. and big profits at the golden arches, is the stock up, nicole? >> well, no. mcdonald's, golden arches not up. down 1.5% at 93.75 a share. and that's because they did well in some areas like usa. but not so well in other areas, such as asia pacific, mideast and africa and those comp sales were lower, 1.4% to the down side. what they had was a quarterly revenue miss. >> it didn't seem so long ago we were talking about mcdonald's north of 100 a share and this morning, 93. there you have it. all right, nicole, i've got to move on to tech stocks and t

the american government seized two mortgage giants fannie mae and freddie mac and let lehman brothers collapse in the largest corporate bankruptcy in history. it brought about recession that saw massive job losses, wage stagnation, since then the government has set up programs to help main street's financially wounded. in february 2012 a national mortgage settlement was announced to help struggling homeowners. the deal aimed to assist more than 1 million struggling homeowners by offering up to $2,000 to people who lost their homes in the collapse. allowing underwater but current homeowners to refinance, and partially forgiving loans through principle reductions. housing advocates argue that the in fact mortgage settle did not reach far enough. in a recent earnings report jp morgan published that it's total reserve for legal issues is $23 billion. if the latest government deal goes through more than half of the allotted amount would be depleted. >> joining us now to discuss the tentative settlement with jp morgan and what it means for ordinary americans are dennis heliher an. what stan

we'll talk about fanny, freddy and the mess we're in.and company. good morning. >> good morning how are you? >> i put it out there and said that this situation is going to hurt the fragile housing recovery if you want to call it that. do you agree or disagree? >> i absolutely agree. confidence is impacted by this. we've seen weakening trends started early july with the rate move. frankly it's accelerated. first time home buyers having collapsed, investor share starting to fall off. those buyer who is are buying are putting down more cash than they were a year ago. i am concerned we're going to see this impact and force housing to stall further. >> you've been critical over the years. we keep saying we're going to fix the gfc. do you have hope in the next, i don't know what, that we'll actually get to this issue again? >> we have a bill on the senate side. 11 cosponsors. a bill from house of financial service chairman on the house side made it through committee. i don't think either are products that have all that much hope of ending and

silvana. >> fanny qué lindo va a estar el día. manda dinero a pa su país. ya está con nosotros. buenos días. >> muchas gracias. buenos días. >> vamos a hablar del envío de remesas. tú trabajas para una entidad que es muy importante y controla la protección al consumidor. >> sí, claro. trabajo para la agencia de protección al consumidor, una agencia nueva, se creó hace dos años, a nivel federal. y nuestra meta principal es proteger al consumidor. hoy se hace efectiva una ley que protege a las personas que envían dinero al exterior. >> en qué consiste? >> tiene tres áreas muy importantes. la primera: hace que haya más información antes y después de la transferencia. las personas tienen derecho a resolver el error y derecho a cancelar. >> hablemos paso por paso. muchas personas a veces van a mandar su dinero y las tarifas varían según la compañía. >> sí. en cuanto a esta ley lo que hacemos, es que se les exige que primero: la persona antes de hacer la transferencia tiene derecho a recibir información como el tipo de cambio, informaci

a federal jury found that bank of america's countrywide unit defrauded fannie mae and freddie mac by selling them thousands of shoddy home loans. this is considered a big win for the u.s. government because this is the first time that a major bank has been brought to trial for misdeeds during the financial crisis. now it's up to a judge to decide what penalty bank of america will pay. you'll remember bank of america bought countrywide in july of 2008. would you believe me i if i told you that we have explored space more than our own oceans? humans have never laid eyes on 65% of the world's oceans. oh we'll tell you how one man plans to change that. >> when you think about the final frontier of exploration you think about space, right? it turns out that oceans are the true final frontier. humans have only explored about 5% of the ocean. we know more about the dark side of the moon than we do about our own oceans, and they are at a tipping point. some say our actions in the next ten years will determine the state of the ocean for the next 10,000 years. that will have an impact on every

the bank is accused of misleading sally may and fanny mac about morgan securities.y sold $33 billion in lobes before the housing collapse in 2007. >>> groceries are becoming a guy thing. julie watts explains how food manufacturers are targeting male shoppers by making products, well, more manly. >> i see they are the same, but. >> at first glance it appear there is is something different. >> the size is big. >> packaging looks a little dark. >> and while it definitely catches their eye. >> i would choose this pile. >> i would go with this one. >> it's not immediately clear why. >> this one is really trying to make an impression with the explosive gold official. >> would you be surprised to hear that this is dude food marketing towards men? >> now that you mention it, i get it. >> big, bold, more powerful. scan the grocery aisles and you will likely notice more and more manufacturers are marketing to men. >> there is a lot of competition in grocery stores. if 40% of men say they are doing grocery shopping, that is a really big market. >> consumer psychologist says th

and a fanny pack?mes does a woman meet mr. right? i've had three chances-- floyd, then carol, and i was once in an elevator with tom brokaw, and i blew all three... opportunities! so i am making my graceful transition into spinsterhood. i have adopted this cat, named her emily dickinson... - oh, come on! - named her emily dickinson. - lemon, a word. hang on. recent breakup, fanny pack, cat? quick. who is the lead character on ncis? - special agent jethro gibbs. - in your office, now. - what's the point, jack? i'm done.

a federal jury found that bank of america's countrywide unit defrauded fannie mae and freddie mac by selling them thousands of shoddy home loans. this is considered a big win for the u.s. government because this is the first time that a major bank has been brought to trial for misdeeds during the financial crisis. now it's up to a judge to decide what penalty bank of america will pay. you'll remember bank of america bought countrywide in july of 2008. would you believe me i if i told you that we have explored space more than our own oceans? humans have never laid eyes on 65% of the world's oceans. oh we'll tell you how one man all next week america tonight investigates the campus rape crisis. >> serial rape is the norm on college campuses. >> i know that when i did report, i was blamed. >> then on friday, november 1st at nine eastern, we open up the conversation in a live town-hall event. sex crimes on campus, a special week of coverage and live town-hall on america tonight nine eastern. only on al jazeera america. >> every morning from 6 to 10am al jazeera america brings you more us

[♪música] días, soy silvana quiroz, bienvenidos en este día tan hermos, tenemos mucha información, fannysí es, buenos días amigos de washington, de virginia, néstor está de vacaciones, pero tenemos dulce, está salaita, pero dulce >>hola bastante, tú sabes que ayer se cumplió unn año de la tormenta sandy que nos azotó hace un año, y nueva york y nueva jersey fue uno de los lugares más afectados. y hoy tenemos entrevista con una organización del medio ambiente. >> también tenemos talento en nuestra área, hoy vamos a presentar un duo de bachata, no se lo pueden perder, esto más adelante. >> así es, entrevistas y mucho más, y estos son los titulares. comenzamos. >> la policía busca a un sujeto que violó a dos mujeres ayer en la tarde en el condado cle prince george. -roban varios bancos, se presume que el sospechoso está armado. >> faltan pocos días para las elección de virginia y los comienzan la carrera, entérese quién será el ganador. y para el fin de semana, esperamos cielos nublados lloviznas. >> y comenzamos con información policial, dos mujeres fueron asaltadas sexualmente, cerca de l