it is about fannie may and fred-year mack. >> the solution we think is truly to restore fannie and freddie to what they were 30 and 40 years ago which was very safe businesses guaranteeing the timly payment of interest and principal. why is that important? the u.s. economy is really the only housing finance market in the world where you can bore woe-- borrow money for 30 years at a fixed rate am you can borrow 80% of the value of a home. and that ability to borrow 80% of the value of a home at a very low fixed rate, you can borrow money, some people less than 4% on a first mortgage on a 250,000 dollar home is what enabled, really enables the american dream of owning a home. and in effect, a very good way to save for retirement. that simple model is what we need to go back to. >> we conclude this evening with salman rushdie, his book is called two years eight months and 28 nights. it is a novel. >> i wait for it to decide me, you know, i wait for the book, i mean i'm in between books. i try all kinds of things and most of them disappear and aren't if i good after 24 hours. but sometimes an

we expect that have on fannie and freddie.ank was not happy any suit this was an illegal appropriation. charlie: no one thought he had a chance. but he got no damages. we are suing on the half of all of the stockholders, to reverse this 2012 transaction. we are not fighting the bailout. hank attacked the 2008 takeover. we are saying the terms are that forthe we reject years after the crisis is not enough for the government to get to percent coupon. charlie: you say on the half of millions -- bill: we get calls and e-mails from people in retirement who own 10,000 shares. our investors benefit if the stock price increases. that is a we make a living. bethany: i think the u.s. government needs to do something. every person out there should care. isn't just homeowners with mortgages, it is our relationship with global entities. water,ecurities are like and if there is a disruption and they have to take millions of dollars from taxpayers, there could be a disruption in all the markets. i want a solution. that little less sanguine,

fanny: que te decÍan los mÉdicos? >> nadie sabÍa nada.ara dar sus primeros pasos en la religiÓn de yoru popularmente conocida como santerÍa. cuando dices me iniciÉ, qué significa? >> es cuando la persona se corona la cabeza como sacerdote de un orisha, oh hijo o hija de un orisha o una de las entidades de la religiÓn. fanny: los orishas son los intermediarios de dios que rigen los presentadora: la iniciaciÓn de la que habla, despuÉs de significaciÓn debe vestir de blanco y seguir muchas reglas para poder purificarse, es lo que popularmente se conoce como un cantero, usualmente se reconocen porque van vestidos de blanco y visten los colores de sus santos, es un intermediario con lo sobrenatural, los arqueros hacen la ceremonia en sus propias casas porque carecen de un templo. trajeron consigo la religiÓn yorugua, para camuflar su religiÓn abusaban las imÁgenes de la iglesia catÓlica para adorar. >> es un dios changÓ los colores de rojiblanco. presentadora: saliÓ de cuba hace nueve aÑos y ahora es vicario de la iglesia de la inmaculada conc

hard to believe, but fannie mae and freddie mac. together they control over $5 trillion in mortgage debt and what happens to them impacts everything from broader housing to the global economy which is why wall street and washington is locked in a battle to decide their fate and one of the reasons why noted author bethany mclean decided to write a book about them "shaky ground" is out now. why did you decide to write about fannie and freddie? >> so the silver lining of the financial crisis was that we were going to rethink home ownership and we were going to rethink these two giant companies, fannie mae and freddie mac, government sponsored entire prierprisesnte we are seven years later, they still sit in the state known as conservatorship. they have, as you said, over $5 trillion in outstanding liability and because the u.s. government has decided to sweep all of their profits and use them as a little slush fund for budget deficit reduction, they have no capital. in that a time when they talk about big banks, they need more capital.

by the way, elizabeth warren now changing her mind and her sign for fannie mae, freddie mac.h sides of the aisle. this is serious story that impacts everything and why some say we had the massive housing crash that led to the great recession. we'll be right back [ male announcer ] whether it takes 200,000 parts, ♪ 800,000 hours of supercomputing time, 3 million lines of code, 40,000 sets of eyes, or a million sleepless nights. whether it's building the world's most advanced satellite, the space station, or the next leap in unmanned systems. at boeing, one thing never changes. our passion to make it real. ♪ our passion to make it real. you can't breathed. through your nose. suddenly, you're a mouthbreather. a mouthbreather! how can anyone sleep like that? well, just put on a breathe right strip and pow! it instantly opens your nose up to 38% more than cold medicine alone. so you can breathe and sleep. shut your mouth and say goodnight mouthbreathers. breathe right charles: fannie mae and freddie mac getting support from a very unlikely person, senator elizabeth warren, the dem

lauren: massachusetts senator elizabeth warren changing her mind on fannie mae and freddie mac. senator warren will not support a bill that would shut down the two agencies and replace them with the system. her decision comes from the realization the legislation would hurt low-income borrowers by stacking them with higher fees. civil rights groups including the naacp has cited the shareholders trying to keep them alive. drink till i was watching the chrysler stock yesterday. they sense the autoworkers may be making progress on a four-year contract with via chrysler. ua debbie is extending that the automaker in an hour by hour basis. the old contract expired yesterday at noon. the agreement would be used as a template for talks at the rival's general voters and supposedly they go to the strongest of the three to make the deal. separately, ford has reached a new supply deal with alcoa to the top-selling f. 150 and the auto industry's first vehicle all aluminum body. also a big boost for following aluminum prices in china. a big buyer. lauren: ford has a management constant competi

you can go to fannie mae.com. douglas duncan, fannie mae chief economist, joining us in studio.oomberg market day," we are watching the markets move higher. we will tell you about the top members of the day when "bloomberg market day," continues. ♪ matt: welcome back to the "bloomberg market day." i'm matt miller with mark crumpton. mark: julie hyman is a look at the markets. the cyclical it's going on with the major averages with a rally that's been underway since the start of trading. we were off yesterday, but china's rally overnight seems to have spurred a rally in the u.s.. not regrouping last weeks losses, but still making up for much of friday's loss on the major averages. one of the groups i wanted to focus on that's doing well today is the biotech group. if you look at the biotech index, we are seeing a rally there of about 2.3%. just for context, take a look at my terminal. we sought nearly enter a bear market from highs to lows of the year. the pullback here is almost 19%. much deeper than what we saw in the major averages. now the decline from peak to trough or peak

they also participated -- alphonso taft would create the house of refuge in 1851 with his first wife fanny. this was to help young teenage children get back on the right track in society. louise taft, his second wife, she is one of the ladies credited for creating the free kindergarten movement for cincinnati. that is in the 1870's. that stemmed from where she taught her son william howard taft as much as she could hear at home, and then she said it was time for him to be in a public school system. william howard taft saw his family during the time he was growing up. he saw that his father was a very hard-working man to accomplish everything he wanted to accomplish in life, as well as his mother being very influential in education. as i said family life was instrumental not only to william but his siblings. that would follow william howard taft throughout his career. he tried to wallow in the -- try to follow in the footsteps of his father, alphonso taft, becoming a lawyer here in cincinnati and also serving as secretary of war president teddy roosevelt's administration. 27th president of

the debt that the taxpayers have which is related to all of the bailouts of fanny and freddie and all have behind fannie mae and freddie mac and fha it is not counted among the national debt. it is a government sponsored enterprise or government sponsored entity. >>t- thank yousp anthony from reason. next will alexis finally break up with gov? will you? the cold truth is, (coughing) you can't work from home when you're sick. you need real relief. alka-seltzer plus day cold & flu has three cold symptom fighters to relieve your tough symptoms. stay unstoppable. (truck horn) alka-seltzer plus. suffering from ringing in their ears, there's no such thing as quiet time. but you can quiet the ringing with lipo-flavonoid, the number-one doctor-recommended brand. relieve the ringing with lipo-flavonoid. ♪ ♪ the beautiful sound of customers making the most of th power, wi-fi, and streaming entertainment. that's... seize the journey friendly. ♪ so you're a small business expert from at&t? yeah, give me a problem and i've got the solution. well, we have 30 years of customer records. our cloud can

charlie: fannie mae and freddie mac were formed by congress to support the american dream of owning a decades, their influence made for wall street greed. they were at the center of the wall street crisis. seven years, they remain in limbo. book, the rise and fall of what might happen next, it is ground."haky

the testimony is the collapse of 2008 putting aside freddie and fannie which i agree was a badly run institution especially after they were privatized. but putting aside freddie and fannie your testimony as the federal reserve created the collapse of 2008. >> my testimony is the fed created the bubble. they took us on a party and encouraged us to drink a lot and then we had a hangover. the reason turned into a panic is because of the arbitrary lack of rule of law and the markets can't operate when you don't know what the rule of law i. people can't handle that. maybe when they put in a bunch of money after they made a mess maybe that was okay but it was after they don't have the town down. >> what would have happened if a panic like this has broken out as they did break down at regular intervals and there was no central bank to provide liquidity to keep the money market functioning what would have happened? >> we never had a free market run bank and they were regulated in a different way and a second when they did have the panic they have much more severe corrections but they were ve

we haven't reformed fannie mae and freddie mac.e haven't reformed a single one of those 25 agencies. we created dodd frank and a vast new government bureaucracy called the consumer financial protection bureau. by statute, congress has no oversight. think about that. so they are out there, this vast bureaucracy, going through credit reports, looking for fraud. they checked over 700 million credit reports. of all of us. what's the consequence of it? it's of vital importance to small business. 10 wall street banks have become five. even bigger, even more powerful. helped writehey the bill. and hundreds if not thousands of community banks have gone out of business because they can't handle the weight of government. and community banks are where small businesses go to get their loans. and community banks are where a family goes to get it started. and community banks are folding. , is ityou ask anybody easier or harder to get a small business loan today, much harder. is it easier or harder for a credit worthy person to get a mortgage tod

hopefully hoping to get a good response from fannie may or freddie mac. if we are not able to sell to wall street and financial institution we have organizations that will work towards achieving principal reduction for homeowners, helping homeowners to have a property they are able to pay for with a better mortgage with a lower interest rate and the goal is to make sure working people can hold their wealth in their homes and households to be able to support a middle class that can actually grow across the country and here in san francisco. the rest i will submit. >> thank you, supervisor avalos. supervisor breed? >>supervisor london breed: thank you, colleagues. i have one in memorial for tracy dyson, born on september 21, 1968, and passed away september 20, 2015. she was a graduate from balboa high school and attended contra costa college where she study social work. she dedicated her time to work with social services. she suffered from lupus and multi-sclerosis. she was extremely talented in home decorating and it was her hobby. she constantly watched h

morris is a board member of women have options, ohio's statewide abortion fund and has worked with the fanny lou hamer national institute on citizenship and democracy at jackson state university since 2005. dr. tiyi morris. jon hale is assistant professor of history in south carolina. his research focuses on the history of student and teacher activism, grass roots educational programs and segregated high schools during the civil rights movement. his manuscript, "the freedom schools," is currently under contract with columbia university press, forthcoming in april 2016. he is coed to have of the freedom -- coed to have of the freedom school newspapers which was just released from the university press of mississippi. his research has also been published in history and education journals including publications in the journal of african-american history, the history of education quarterly, south carolina historical magazine and the journal of social studies research. dr. hale's service is connected broadly to civil rights initiatives, connected to quality education as a constitutional right, the

we haven't reformed fannie mae and freddie mac.ven't reformed a single one of those 25 agencies. we created dodd frank and a vast new government bureaucracy called the consumer financial protection bureau. by statute, congress has no oversight. think about that. so they are out there, this vast bureaucracy, going through credit reports, looking for fraud. they checked over 700 million credit reports. of all of us. what's the consequence of it? it's of vital importance to small business. 10 wall street banks have become five. even bigger, even more powerful. by the way, they helped write the bill. and hundreds if not thousands of community banks have gone out of business because they can't handle the weight of government. and community banks are where small businesses go to get their loans. and community banks are where a family goes to get it started. and community banks are folding. and if you ask anybody, is it easier or harder to get a small business loan today, much harder. is it easier or harder for a credit worthy person to g

fannie mae and freddie mac have programs where you can put down less than 4%. >> but less than 4% down, you're more a renter than an owner and you don't mind walking away. >> i think where we got trouble last time is we didn't document their income and we qualified people for too much house. it wasn't necessarily how much down payment they had, it was the ability to pay and make those mortgage payments and we did the stated income loans. those aren't in the marketplace today. you have to document all your income and all your assets. today if we get qualified up front you know how much home you can afford before you go shopping. >> casey, thank you so much. it's a pleasure having you in here and i look forward to seeing what you built. >> absolutely. i look forward to serving the american public this way. >>> it's the one number you need to know and we are not talking about thumbs. how to find it and what it can do for you. >>> it's a hot business. >>> take a look at how the stock market ended the week. >>> here's a look at what's making news as we head into a new week "on the money." i

buyers is access to credit, which is easing slightly according to a new lender sentiment report from fannie mae. but make no mistake, credit is still tight. and even a small rate hike could knock an estimated 7% of mortgage applicants out of the running. not because they wouldn't be able to afford the monthly payments, but because they wouldn't meet the required debt to income ratio. >> it doesn't matter how low the interest rate, if you can't get a mortgage, you can't get a mortgage. >> reporter: what matters most is a strong economy. and rising rates would be a sign of that. >>> today we learned that builders broke ground on fewer homes last month. the commerce department reports that housing starts fell 3% in august and construction activity slowed sharply in the northeast and the midwest. the decline, according to some, could be a sign that the housing recovery will continue but it will be bumpy. >>> positive news on the labor market. the number of americans filing new applications for unemployment benefits fell last week. lowest level in eight weeks. initial claims for jobless benefits

fannie, freddie -- >> less than 4% down you're more of a renter than an owner. how do you make sure people have skin in the game. >> where we got in trouble last time we didn't document income and qualified people for too much house. it wasn't necessarily how much down payment they had. it was their ability to pay to make those mortgage payments. and we did those flier loans, stated income loans. those aren't in the market police today. you have to document all of your income and assets. today if we get qualified up front, you know before you owe, you know how much home you can afford before you get shopping. >> casey, thank you so much. it's a pleasure having you in here and i love seeing what you've built. >> thank you. we're thrilled to serve the american public in this way. >> casey crawford. up next, it's the one number you need to know and we're not talking about phones. how to find it, improve it, and what it can do for you. >>> and later, cool ideas. the new health trend that's a hot business. >>> and as we head to a break, take a look at how the stock m

so, again, i was an undergraduate, so fannie lou hamer was this revelation for me.but so much of the history that i was learning even about the civil rights movement was still very male, and it would just say and then there was fannie lou hamer, right? >> right. >> but to really -- it hit me, her absence, the absence of her voice was as an undergraduate. so that piece in a way the first two books that i did have to do with writing other pieces of black women's history back into existence. so the first book about hair literally was because i understood the complexity of hair for black women as central to citizenship and femininity. partly because i grew up in the south and in san francisco, california. my parents are divorced, so i split years. when i with -- when i was in florida, what hair meant, my grandmother was all about me and miss bess city and getting my hair straightened. she was not ashamed of being black, she was a part of a very specific be kind of black community. but hair for her meant one thing, and it couldn't -- and it would cause trouble. in a segr

hopefully hoping to get a good response from fannie may or freddie mac. if we are not able to sell to wall street and financial institution we have organizations that will work towards achieving principal reduction for homeowners, helping homeowners to have a property they are able to pay for with a better mortgage with a lower interest rate and the goal is to make sure working people can hold their wealth in their homes and households to be able to support a middle class that can actually grow across the country and here in san francisco. the rest i will submit. >> thank you, supervisor avalos. supervisor breed? >>supervisor london breed: thank you, colleagues. i have one in memorial for tracy dyson, born on september 21, 1968, and passed away september 20, 2015. she was a graduate from balboa high school and attended contra costa college where she study social work. she dedicated her time to work with social services. she suffered from lupus and multi-sclerosis. she was extremely talented in home decorating and it was her hobby. she constantly watched h

there of course it does sound by tomorrow morning so that the chair's right now for '60s parts like fannie offhand upper seventies listen that should say livermore pleasanton east bay shoreline like the mid-60s differences could peninsula stays in the a vs 50 playing by the wind speeds of had it because the storm system is moving up to our area here 70 mi. an hour oakland and hayward 17 at livermore as well 14 concord 18 of our fairfield written things down 40 to 9:09 p.m. class b conditions to mature to as you saw on the storm tracker a.m. cloudy preconditions temperatures will be a for fifties and valley east bay shoreline at 50 along the coast by noon time something's up to 70 degrees under partly sunny skies. afternoon highs tomorrow around 4:00 p.m. cooler temperatures that all the moisture in place all the heavy cloth and place as well to think will things down quite a bit 74 anax 70 livermore and pleasanton east bay shoreline 60 city's downtown sao system before fremont 73 east bay shoreline cities to partly cloudy tomorrow as well semblances of peninsula keeping things in the low 6

him the optics of him being seen with the leader of the christian world because of anda sat on his fanny watched the genocide of christians all over the middle east. he wants the optics to look good because he wants to bring about 250and 50 million -- million of those refugees to the united states. this is all a political orchestration by obama to give him cover. he is the one that invited the poker, gave him the grand state dinner and everything -- invited the pope here. it is all a bunch of phony politics. as we said, the pope will be arriving for a welcoming ceremony today on the south lawn of the white house. many people arriving for that including members of congress, taking their seats there hoping to see the pope as he will make his way from the vatican embassy over to the white house. there are the crowd, expected 15,000. we are going to take a short break. when we come back we will continue our conversation about the pope's visit to the united states. we will talk to jim nicholson, former ambassador to the holy see during the bush administration. we will be right back. >> now to

and there are over 90% in fannie and freddie.ot meet the standards. and we have many good points. liz: people want to know where the housing market is. in the west, south and minorities, where is it, where is a good and bad? >> you know, i think in this report today, the west and the south did the worst and it's not that surprising and i'm not saying that it is a bubble, there's not not much there. liz: great show you guys. join charles payne every night, recorded if you can't catch it live. right now is lou dobbs. ♪ ♪ lou: good evening, everyone. i'm lou dobbs. the european refugees and illegal immigration crisis is widening and worsening by the day. it appears on the verge of becoming a global crisis. european leaders set to hold an emergency meeting this week as thousands upon thousands of migrants and refugees from africa, the middle east, and southern asia are swarming across the borders of the european unions. some countries are acting now, unable to wait or contend with the masses of people who are crashing borders, swampi

the chinese also holds significant interest in freddie may desk fannie mae and freddie mac. -- fannie mae and freddie mac. ofy hold significant amounts municipal bonds and corporate debt. a total amount of money that the u.s. owes to china is larger than the $1.3 trillion. --t: mark from washington dc from washington, d.c. caller: i want to know how much of the financial free market embraced?s china has that contributed to the easy credit environment china had in the last few years leading up to this crisis? i wanted to make a quick comment . i remember hearing the strength of the american economy was that we had different regions doing different things. that was the strength of the american economy when one part was working, the other was being laid off. there was a diversity. , there isr or see now not that kind of diverse economic mechanism. we have a lot of the financial -- as you just said, a large financial pot in one country and one type of operation. i think going forward that is a bit scary. i will take your answer off the line. guest: with regard to your question about the f

. >> that's another group of people who should feel a lot more shame with the fanny packs and the subwaylisa: we go hand and hand and greet some of them in time square. >> this neighborhood is awful this time of year. >> depending how you look at it. >> no. it's impossible to move around. everybody moving so slowly. this is new york. move quicker. >> the more people who see this, the better. lisa: i saw a dead raccoon in the middle of 6th avenue, explain that. >> a dead raccoon? . lisa: no. i just made that pick up thank you so much. >> thank you. lisa: a lovely night had by all. i'll speak for everyone. and coming up aaron's brother built a $100 million clubbing empire. life is good. the story behind their manifestly successful company and how you can make $100 million next. plus school is back and i've got tips to keep your kids focused and on track and away from the drugs and the voodoo. lisa: hi. welcome back. brothers john and jacobs started their business in 1994 with $78 and a used van down by the river and now expanded the life is good clothing line into a $100 million enterprise

receive fannie ramos, channel 7 eyewitness news. shirleen, david. >> thank you, stephanie. >>> let's turn to the big conversation happening in a lot of homes. many students are heading back to school. >> you know it. here is a few photos some of you sent us as the kiddos left home for the first day. how adorable. very cute. love the effort. keep them coming. just use the #abc7ny when posting photos on facebook and twitter or instagram. >>> let's turn to amy freeze who is in for bill evans with the after school forecast. >> it will be a hot one if this is your first day of school making your way home on the bus stop or have to walk, it will be a hot one. moms and dads doing the pick up, it will be steamy. 90 expected in the city. feels like the low 90s, too. if we rate the day on a scale of 1 to 10 i will call it a 7. it's summer-like and what we like to see this time of year heading into the big labor day forecast, it will be steamy. the peak of the heat is tomorrow. we will talk about how hot the temperatures go and where the relie

a three year old girl named mimi, definitely serena's biggest fanny think. >> least is under five, soon top of it. her mom posted video of her sharing her owner is even a williams moment, to facebook, might be the cute yes, sir video you see all month. look. >> serena williams. >> why? >> goes way up and bamm. i was like serena williams. >> how else are you like serena williams? what were you playing? >> we are playing, we are playing tennis, and i shoot it up in the air, and dad is he so cool. huh? huhh? did you see that up in the air? did you hear that? i was like no. so he like said this is the last one. so i shoot it way up in the air. and i was like serena williams. >> and she is an a-k-a? >> lady of alpha -- >> all right, she wins, cute he is video of this week so far. maybe this month. >> oh, she is adorable. >> wow. >> a million times that video has been watched on the internet. >> she is a cute. >> i look at that face, that side eye she gives. oh, ya. uh-huh. >> doing well. >> well, she must have played tennis with her, because she recounted every little detail. >> i got that

we haven't reformed fannie mae and freddie mac.we haven't reformed a single one of those 25 agencies. we've created dodd frank, new set of rules and regs and the consumer financial production bureau. by statute, congress has no oversight. think about that. so, they are out there, this vast bureaucracy, going through credit reports, looking for fraud. they check over 700 million credit reports. of all of us. what's the consequence of us that's of vital importance to small business? ten wall street banks have become five. even bigger. even more powerful, wall street banks and by the way, they helped write the bill. and hundreds, if not thoughs of community banks have gone out of business because they can't handle the weight of government and community banks are where small businesses go to get their loans and community banks are where a family goes to get its start. and community banks are folding. and if you ask anybody and i bet i could ask you, is it easier or harder to get a small business loan today, much harder. is it easier or

san jose -- fanny down to san jose.h clouds will move in here. that will keep some of these temps up, maybe take off a double degrees on the highs. it will be hot and humid inland now. trying to see if that delta breeze will kick in. it's south at 13. that's not really great news. there is still a northerly component. the higher clouds will move in and give us a mostly cloudy day. could be high-based lightning which we don't really want. cool to hot. 100s inland. maybe the higher clouds will take off a few degrees. 60s, 70s, 80s, coast and bay. sal, what do you have for us? >>> would a lot of -- we have a lot of slow traffic. it's not as bad as it has been the last few days. tuesday was the worst commute day, the day after labor day. right now it's crowded at the bay bridge toll plaza. you will see traffic cueing up. it's about a 25-minute delay before you get on the bay bridge. the 580 backup begins right at 980 and 80 is slow at the macarthur maze. that's what you are dealing with trying to get to the bay bridge. if y

they can squeeze 20,000 fannies in there and they likely will. is trumping them. >> i'm coming. you total your brand new car. nobody's hurt,but there will still be pain. it comes when your insurance company says they'll only pay three-quarters of what it takes to replace it. what are you supposed to do, drive three-quarters of a car? now if you had liberty mutual new car replacement, you'd get your whole car back. i guess they don't want you driving around on three wheels. smart. with liberty mutual new car replacement, we'll replace the full value of your car. see car insurance in a whole new light. liberty mutual insurance. . . . . . friend love sitting on the board. that's the estimate we have and it's shame and it's disgraceful, and sometimes the boards rule but i would say it's probably less than 10%, and you see these identifies making these enormous amounts of money, it's a total and complete joke. >> at first when i saw that i that --ing this is the only candidate i know on "face the nation," doesn't have to fear a person, a phone call is

. >> bring back fanny packs too please. >> here's the other thing it doesn't add bulk to your outfit.nwich food and wine festival this weekend. a lot of fun. i'm going to be at the jay house tonight. for the greenwich food and wine festival. we're going to be serving my stuff. jeffrey will be there with me. the proceeds are going to benefit the hole in the wall gang, which is a fantastic paul newman thing. you and i are going to talk about, tomorrow, we're going to be togethered on saturday night. >> i can't wait. >> coming up, thinking about selling your home, then you may need to upgrade? >> some room redos to help you get top dollar. thank you, karen. right after this. and richard. not so long ago, on a street just around the corner... i'm home. hi dad the force was strong between father and son. you got it? what are you doing buddy? it's my ewok happy dance! of course it is. today... hello, hello. hey, daddy. it is passed on to a new generation. you got it? ewok dance? yeah. and the circle is now complete. walmart has always been the best place in the galaxy to get everyday low pr

there is another theory, popular on the right, that it's the fault of barney frank and fannie and freddie which forced the banks to give loans to those who really shouldn't be getting them. when the pope talks about this thing, he talks about both of those sides and a third side which is the kind of materialism or the consumerism of the borrowers. he said, look, you're all guilty of the same sin which is a lust for consumption and for acquiring things. the bankers want to make more money, the government can't be trusted because they're human beings like the bankers and given to their own prestigious and desires and the consumers who take out loans for 100% of their property value which they can't repay, they, too, are guilty of the same kind of materialism and consumerism. so we can all do better but we have to begin with ourselves. so in this kind of world, there isn't a solution that says that unregulated free market capitalism will be the right way to go. he says we need the government to tame the excesses of capitalism, but we shouldn't trust the government either, and he knows that b

the deirdre, they're basically like the freddie and fannie of the health care world. and one of the reasons why we need more private real free market investment in health care. so with that i will agree with james. there needs to be an inplugs of investment in biotech across the board. essentially less regulation and more investment. so a weaker fda and stronger patent law would not let things like this essentially happen. deirdre: we'll take good advice. jonathan hoenig. thank you so much. capitalist pig and jason rotman, lido isle advisors. glad to have you both with us. >> thank you. >> speaking of contention, former hp ceo carly fiorina latest debate performance appears to be giving her a huge boost in the polls. >> you know what a leader does? they challenge the status quo. i dare hillary clinton, barack obama, to watch these tapes. watch a fully-formed fetus on the table. its heart beating. its legs kicking. women all over this country heard very clearly what mr. trump said. unlike mrs. clinton i know flying is an activity, it is not accomplishment. having met v

him the optics of him being seen with the leader of the christian world because of obama sat on his fanny

there is another theory, popular on the right, that it's the fault of barney frank and fannie and freddie which forced the banks to give loans to those who really shouldn't be getting them. when the pope talks about this thing, he talks about both of those sides and a third side which is the kind of materialism or the consumerism of the borrowers. he said, look, you're all guilty of the same sin which is a lust for consumption and for acquiring things. the bankers want to make more money, the government can't be trusted because they're human beings like the bankers and given to their own prestigious and desires and the consumers who take out loans for 100% of their property value which they can't repay, they, too, are guilty of the same kind of materialism and consumerism. so we can all do better but we have to begin with ourselves. so in this kind of world, there isn't a solution that says that unregulated free market capitalism will be the right way to go. he says we need the government to tame the excesses of capitalism, but we shouldn't trust the government either, and he knows that b

now we have got jonathan, you know, medicare and medicaid, the fanny and freddie of the health industryey're going to be stepping in. drug prices are already heavily regulated and basically there's a lot of government intervention there. also in europe, canada, australia. there's not a free market in drug prices at all. >> no. not at all. it's a completely regulated industry right now and that's why it's just gotten out -- it's gotten out of proportion. and the other problem is that if hillary clinton comes in, and she shortens the time period on the amount of time of biotech new discovery can be released and used and let the generics in, no one's going to be. >> that's the problem. that's -- what you regulate, you get less of. i have a ph.d. in biochemistry. i used to do cancer research. drug discovery is long, and very expensive process. as you mentioned before, we're on the verge of innovation all over the world pure chronic diseases and hillary is going to put a stake right through the growing industry. liz: well, people say it does get in the way of support. >> well, they do but al

. >> kiss my [ bleep ] fanny. >> staff quickly learn shontera jennings is at the center of the disturbance ] i ain't doing -- shut up. both hands on the wall. face the wall. >> i personally never had to deal with shontera until her most recent time in. her name would always come up as being a problem in the unit, causing problems or whatever. >> officers separate the inmates in order to interview them. but they know from experience sorting out what happened won't be easy. >> the situation with the drier, the situation with the washing machine where monica let somebody go first and she was next. >> i'm not yelling at you. right? i asked you a question. no, no. >> she said well [ bleep ] i'm feeling it. >> who's camille? >> bundy. camille bundy. >> all right. all right. >> at one point i had a problem with a young girl who was stealing from me and stuff like that. >> now hold on. >> camille is already saying stuff. so i moved to another table. >> after much back and forth, officers have concluded that the incident began when jennings started gossiping about another inmate's charges. >> this

that matter are a bunch of crooks, frauds, and now banks especially those who got burned say the old fannie mae or lehman brothers. healthy skepticism is one thing. a total unwillingness to believe in anything positive is something else entirely. if you're going to own stocks, you need to be willing to extend some measure of the trust. we've had a massive amount of consolidation in host industries. airlines, rental cars, foods, telecommunications, entertainment, perhaps these executives are buying stock because they hear the footsteps. maybe they've been contacted by some other company and turned that company down. spurt overtures happen all the time. if executives expect they may be next, could be a healthy and honest reason to buy. of course they have to disclose anything that's a serious bid, but a lot of times just get a phone call and say, no, bye. well, they do that because the company's worth more than they thought. maybe they think the company can be broken up like the old tyco or fortune brands gannett. maybe the stock's run just a bit but they don't think the run is over because t

watch it because of the fannie pack. they want you to watch it. melissa: we edited this apparently.gets even saucier at end. we seem not to show that part. my producer is showing a little -- >> best part. melissa: right. melissa: jonathan hoenig what do you think of this ad, good idea, bad idea? i don't think we take it down? jonathan what do you think? >> i'm sorry. engrossed, very engrossed just watching the adhere. who is carl's target customer? young men, 18 through 35. so, might seem a little distasteful to us present company not included. >> i'm not saying distasteful. did anyone notice the cheeseburger. does it matter that you don't notice that what cheeseburger at all? >> no, it doesn't. what is so interesting here is the emotion of it what works. back to chipolte, you were being rational. here you're emotional. it doesn't matter. what people feel. they feel it makes them fat. they feel you get the hot babe. that is what matters. emotional. >> that is their target audience. young men who eat this food. this imagery appeals to them and others as well. that is why the ad works

speaker boehner and majority leader cantor made a pledge to america to replace obamacare, reform fanniefreddie and for sanctions in iran, role back nondiscretionary spending so who pet the expectations? the speaker and eric cantor set the expectations when they were running for office and i hope they mean to keep our promises when we put them in leadership and -- >> i understand what you're saying, sir. i think you have heard the rap. there's only so much someone can do if you don't have the two-thirds majority, dealing with a president in the white house, you're quite right to say if you hadn't telegraphed the lem additions. that do you want to see now? is kevin mccarthy the guy most likely name as a possible replacement for speaker boehner, your guy or would who would you be for? >> it's not about being clever if mean it. when you own the house and the senate you have the power of the purse, and so speaker boehner said -- i said we would fight tooth and nail on president obama's unstucksal amnesty. if we had, two majorities in the house and senate and i meant is, boehner said. what is

and other popular on the right is it is up fault of barney frank and fannie and freddie which forced banks to make people who should not be getting them but the pope talk about this sort of thing, he talks about both of those sides and the third side which is the materialism or consumerism of the borrowers. he said you are all guilty of the same sin which is lust for consumption and acquiring things. bankers want to make more money, the government can't be trusted because they are cumin beings like the bankers giving to their own prejudices and desires and the consumers who take out votes for 100% of their property value are guilty of the same kind of materialism, we can all do better but we have to begin with ourselves. in this kind of world there isn't a solution that says the unregulated free market capitalism will be the right way to go. he says we need a government to tame the excesses of capitalism but we shouldn't trust the government either at he knows that better than anybody having lived under that system but there is something for all of us, this is a personal message as m

of credit to get credit to the job creators instead of a large company, the federal government and fannieddie, and you have to have real prices, they thought the fed was going to move in that direction, lower credit markets which would help the economy. david: wilbur it's not just in the united states either, central banks all over the world are finding out that you have to do more, a government has to do more than have zero interest rates in order to get the economy moving? >> look, if the only thing keeping the economy going is 25 basis points and 25-basis-point rise would kill it, you got nothing. it's not really worth worrying about. david: so steve why why, does the fed keep doing -- the fed and all central banks keep doing things that aren't helping the overall economy? >> that's the definition of insanity. hasn't worked, hasn't worked in japan for 25 years, zero interest rates. hasn't worked anywhere it's tried including the united states for six years and don't know what else to do. they aren't pushing the structural changes, powerful tax code, what health care and other things ar

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brian: throw in the fannie and freddie money that china has, is a lot more than one point 3 trillionert: i have spoken -- than $3 trillion. that what is your point on this? robert: i have spoken to trump about this multiple times. there is an opening for trump on trade because, when you look at what happened in congress since republicans took over, very little has gotten done. they think the negotiator, someone from the outside, that is a powerful argument for trump to make. they think one thing that has gotten done it is trade promotional authority. that has irritated grassroots republican voters. they see ships coming over. trump does not always use the best figures, but there is a feeling out there among the electorate that china, japan, different nations are getting better deals with the united states. i think that aspect of trump, the negotiator who will revamp u.s. trade policy. we have seen aspects of it with buchanan in 1992, different people having a more nativist argument, but trump is doing it in a totally different way a someone who has made these deals. brian: we first n