the blue happens to be freddie may and fannie mac.hey were government-backed mortgage committees. -- mortgage companies. they are still in existence. they are, at the moment, insolvent. the government is controlling them and supporting them. just above that, the red is the federal housing administration. isnt is that the government what produced all of these mortgages. i am not trying to say that the private sector had nothing to do with this. we can see that about 25% of these bad mortgages were on the books of the private sector. but principally, if you're looking for the cause of the financial crisis, you would have to say that the fact that the government was holding 76% of all of these mortgages would suggest something about who was really responsible. let me go to the next one. now, why are we at this stage -- six years after the financial crisis -- why are we concerned about this issue? what you see here is a chart that shows the recovery of the u.s. economy since the financial crisis. and the recession that followed that. the

on the big banks and the quasi government agencies phone as fannie and freddie.ng me now is tim mayopoulos who is ceo of fannie mae. >> thanks for having me. >> the so the federal reserve rate hike yesterday, what ramifications does that have on your business? >> i don't think it's going to have a big impact to tell you the truth. i think this was an expected rate hike and i don't think long-term mortgage rates will go up substantially. so i don't think it will have a big impact on mortgage markets. >> probably a more significant development this week in terms of you guys is the omnibus spending bill which includes provisions which would effectively put an end to the idea of recapitalization in the exit from conservatorship. would you agree that's a fair assessment of the impact of legislation. >> there has been a huge amount of reform that's happened outside of the lejts lay testify process. at faen we have been focused on addressing a lot of the issues that came up during the crisis. we have imposed new underwriting standards, helped millions of people avoid fo

fannie mae and freddie mac used to have arm's-length deal that myself, i was not allowed to buy backy home. if you are going to come in by my home, you have designed in -- you would have to sign that you would not have any contact with me or my family and it would be the only way you would be able to sign and close on at home. of 2014, we have gotten that policy changed. now i am in the process of buying back my. -- my home. fhsa toalso gotten the fund a national trust for formal containingich is now millions of dollars to be able to build and maintain a formal housing. so now are pushed is that they implement the use of it and not just let it sit in a bank account. actively lobbying in the statehouse for a no-fault eviction protection bill that protects former home lenders and makes the banks except rents, unless they are going to sell to a homeowner that is going to occupy the property. if they moved to sell it to an investor from a have to accept your rent and they can no-fault evict you, which means you can you for no cost. inre also i mediation passed law. when it is implemented

prior to the crisis, mortgage giants fannie mae and freddie mac were publicly traded. they benefited from an implicit government guarantee which meant any up side went to the company. but as we saw at the height of the financial crisis, the down side of this structure fell on the taxpayers, and it fell hard. in september of 2008, because of this flawed model, losses mounted at fannie and freddie, causing taxpayers to write a $188 billion bailout check to keep them afloat. these entities remain in government conservatorship backed by the taxpayers and owned by the u.s. treasury department. in 2014, federal housing finance agencies stress tests project that the g.s.e.'s could require a $190 billion taxpayer bailout to keep them afloat during a future crisis, something none of us wants to see happen. because housing finance reform remain the last unaddressed piece of the financial crisis left, in 2013 senator mark warner and i developed legislation that attempted to address the flaws in our housing finance system and protect the taxpayers. this bill has been called the bl

we're sojourner truth and fannie lou hamer, women who could do as much as any man and then some. we're susan b. anthony, who shifted the system until the law reflected that truth. that is our character. we're the immigrants who stowed away on ships to reach these shores. the huddled masses yearning to breathe free. holocaust survivors. soviet defectors. the lost boys of sudan. we're the hopeful strivers who cross the rio grande because we want our kids to know a better life. that's how we came to be. we're the slaves who built the white house. and the economy of the south. you're the ranch hands and cowboys who opened up the west. the countless laborers who laid rail and raised skyscrapers and organized for workers' rights. we're the fresh-faced gis who

we didn't nationalize companies but we sort of nationalized fannie mae and freddie mac. ever have government anyway, -- they were half government anyway. they are still in a state of purgatory. we haven't figured out what to do within. we have not fixed the rating agency problem. we haven't talked about that one of our battle off at the beginning of bunch of guilty parties. i left out the rating agencies which blessed a lot of these complicated and largely horrific security's with aaa ratings, which means safe enough to recommend to grandma. they work. -- they were not. and the problem has not been fixed. so there is work there. a huge problem that we were talking about early was the horrible mortgages that were granted. that's a lot better now, although you can start seeing crummy mortgages starting to creep back as the memory fades. went to watch the. we have to supervise, the government needs to supervise the banks benefit it had before, and dodd-frank mandates that. the whole system has be leveraged. we had all this debt when we started with the corporate, households

[laughs] miss fanny. fanny seward: thank you for coming, mister president. abraham lincoln: how could i stay away when my secretary of state is rendered in such a way as he cannot but listen? [laughs] i have worked my own hand as hard as at sawing wood, so many others' hands have i shaken. i've been to libby prison. general weitzel asked me point blank how to treat the defeated confederate soldiers. i told him to let them up easy. my old friend. tom hanks: it is close to 10 pm when secretary of war stanton delivers to lincoln the telegram reporting that robert e. lee has surrendered. the next day, washington city is in full celebration. a crowd gathers in front of the white house to serenade lincoln and to call for him to speak. he politely promises a speech the next night and requests that the band play the confederate anthem. he asks them to play "dixie." [gunshot] [hits target] james powell: a fine shot with a parlor pistol. john wilkes booth: thank you, mr. powell. james powell: payne. it's payne. not powell. i ain't goin' by powell no more. abraham linc

>> think we've been in conservatorship, fannie and freddie, for eight years. it's the longest conservatorship that has ever occurred under government control and while the risk of the work that we are doing is much, much less now than it was at the onset of the meltdown, staying in conservatorship is not sustainable. you have a high risk of losing the most qualified people to the private sector. it's just -- i could keep going on. >> so we should act? >> you should act, yes. >> thank you, mr. chairman, i yield back. >> chair now recognizes the gentleman from pennsylvania, mr. rothfuss. >> your criticism of the met life sifi designation process is a matter of record and has been discussed at the hearing today. your well-founded concerns are shared by many of us and ultimately we should ask ourselves whether it's wise for people with little or no experience in a given industry to be given the power to make significant consequential decisions such as sifi designation. there's a broader question as well i was hoping to get your thoughts on. many are concerned that

is really the story of the romance of fannie and louis. as far as we know this room would have been the lobby of the french hotel. over the years things changed. this is now the back of the museum if you want to think of it that way. the real artifacts and things that belong to the author are in the next room. this room had many purposes over time, even at one point as the design studio or carriage repair shop. when stevenson was here it would have had a lot of furniture. this is where the guests would have been gathering. the artifacts actually belong to the author including sixteenth century dutch cabinet done in the style of italian. is possible the new was carved by some journeymen from the netherlands. next to it, this is one of the more significant pieces of furniture, this is a desk the other used to write many of his stories. on either side of the steps are these two polynesian icons carved of wood. these would have been on the front porch of his estate. one of my favorites in the room was something quite personal because it was pa

was fannie osbourne, his future wife.e finds out that she is still in monterey so he makes this voyage and the transcontinental railroad trip across the united states, and then hit i and moderate way ron davies with fannie. after she secures a divorce in san francisco, and the to travel the world. one of the first trips they make is back to scotland to meet the parents. the specimen interesting meeting because he or she was 10 years old with children and recently divorced and meeting scottish pairs. cheesy midwestern american. they apparently liked her almost immediately because she had a habit of taking good care of their son the essay mentioned earlier he had chronic illness. it was fannie who brought him back to his feet. she also served as an editor for his writing. they appreciated all of the attention she gave the scottish author. then they leave scotland and begin traveling the world. and they follow the advice of the physicians at the time, take a trip to the south pacific because it spotlight at cebit is going to

leihman, fannie and freddie was about to happen.ou spoke to us outlining the problem and said we need legislation, my recollection he said it wouldha be a bill and we need you to pass it immediately, $700 million. one of the things i write reasons to be for and to be honest. best vote i will ever cast, worst political vote i will ever cast. i needed to vote for it. it was painful. i'm not a wall street guy. i al knew what was best for my country. if you recall, the republicans opposed and in the house it wet down. >> guest: i remember that very well. >> host: you write about it in some detail. by the time what you did with tarp, but in your book -- i want to go sort of to the next steep. you talk about leihman and tarp itself. i want to talk about chapter 18. it's hard to forget, although, it's easy to forget details how hard i a bad situation the couny was in from that day in 2008, in the last four months, for the first time in 2009, our economy, lost 8-plus million jobs, many industrial jobs. you write over and over how the econom

more lenders are reporting easing credit standards according to a new survey by fannie mae and expect standards to ease further rather than tighten in the near future. this could help affordability in the housing market, which has been suffering under both tight credit and tight supply of homes for sale. the potential for rising interest rates, which would narrow the field of customers applying for loans, may increase competition among lenders and force them to ease some of the extra safeguards they added after being sued by the government for billions of dollars over bad loans dating back to the last housing boom. fannie mae, freddie mac, and the fha have been clarifying lender liabilities for bad loans and have been pushing lenders to ease up as well. for "nightly business report" i'm diana olick in washington. >>> the holiday shopping season might be over, but 'tis the season for returns. coming up, who won and lost the holidays, and what that means for the companies involved. ♪ >>> a pair of drug companies got hammered today for two very different reasons. kimerix lost more than 8

>> i think we've been in conservatorship, fannie and freddie, for eight years. it is the longest conservatorship has has ever occurred under government control, and while the risk of the work that we are doing is much, much less now than it was at the onset of the meltdown, staying in conservatorship is just not sustainable. you have a high risk of losing the most qualified people to the private sector. it's just -- i could keep going on. >> so we should act? >> you should act, yes. >> thank you, mr. chairman, i yield back. >> time of the gentleman has expired. chair now recognizes gentleman from pennsylvania, mr. rothfuss. >> thank you, mr. chairman. mr. woodall, your criticism of the metlife sifi designation process is a matter of record and has been discussed at the hearing today. your well-founded concerns are shared by many of us and ultimately we should ask ourselves whether it's wise for people with little or no experience in a given industry to be given the power to make significant consequential decisions such as sifi designation. there's a broader ques

. >> this time fanny is helping out this fine man in love. >> i'm chad and i want to pro most to my girlfriend shawna. the reason i want to my girlfriend, shawna. >> chad and his girlfriend were on this boat. >> it was like go into the middle of the ocean by yourself and we'll catch up and i'll know what to do. what does that mean? i'll know what to do. >> he doesn't really know how he's going to get the ring. he picked it out himself. but the guys have a surprise for him. he's not going to have to pay for this ring. he is big, patty, mayo over here is giving harnesses that he's going to deliver the ring on the boat. it's a very carefully get the helicopter really close to the boat. >> my mouth is open like what is going on. >> they almost land a helicopter on his head. >> this is where it gets real lovely. >> the helicopter pulls away. >> will you marry me! >> what? >> marry me! >> i can't -- the jet engine. what? >> i love you! >> it didn't go like that. at all. >> i love you more than i could ever describe. we've been through some crazy stuff together and shawna, as scared as i am to do thi

lehman and fannie and freddie, all those things have happened over about to happen. remember how sobering the call was. you spoke to us outline the problem. secretary paulson linger on the phone and say we need legislation. my recollection is that he said it will be a three or four or five page bill. he said we need you to pass it immediately. one of the things i do on hard votes is our right reasons to before and reasons to be against can't talk to staff and fill it out and thinking about it. i remember writing best photo i will ever cast: political vote i will ever cast. i'm not exactly a wall street guy, nor, i think, are you frankly in retrospect, but i knew what was best for my country. if you recall republicans opposed it in the house overwhelmingly. it went down, then we went back and fixed it, and that was -- >> you remember that very well. from the time -- what you did the tarp that clearly working in my state one came after that. but then in your book and here is where i want to go to the next up because ii think the conversations i watch with you talk a lo

mae, and do you feel that fannie mae you feel that you and colleagues deserve some of the blame?ks probably 10 movies mu anzed topic fannie mae had a role in it but dragged into this by wall street the fact fannie mae freddie mac market share was dropping through floor, you know not like going to get into open pancake houses or get into knew absed financial instruments they had to be in the market based on the regulations so they did what they had to do but certainly not a cat lives more a casualty. >> it was the moment in time, where things were happening, and you didn't know why they were happening right, so housing prices kept going up, i mean, i know you take one market like phoenix the price of a home average home in phoenix was up 40%, from 2006 to 2007, no really reason so all things happening questionable, and yet, people thought housing prices will still go up. >> right, really, what this he movie is lacking is government was pushing loans on people he that couldn't afford them, the whole from world war ii until 1990's hovering 50, 50% in 1990 community row investment ac

aese are bonds issued by whole range of issues, including the world bank, asian development bank, fannie and freddie in the u.s. a very large universe of bonds. angie: is there something that is causing these investigators to say, something was amiss here? reporter: we don't have that detail at the moment, but as part of these previous investigations that the justice department has been conducting, they have been requiring banks to share all kinds of documents, chats that traders add bangs are having with one another. what is possible here and what has been the case in other investigations is that as part of those cooperation agreements, the justice department has found evidence in new markets. we saw the interest rate investigation sort of role into an investigation into the currency markets, which may have turned into another into otheron, markets like precious metals. there's is also an investigation into the trading of u.s. treasury bonds. of aems as if this is sort new development in that process. next,: coming up reinventing the wheel. we will meet the taiwanese company famous for

the black lines are the requirements on fannie mae and freddie mac.ed and the green lines are fannie and freddie succeeding in meeting those goals in each year. but what happens when you're required to buy more than 50% of all your loans from people who are at or below the median income where they live or, in some cases, 80% or 60% of the median income where they live? now, fannie and freddie were famous in 1992 before this law went into effect for buying only prime mortgages. what was a prime mortgage? you had to have a good credit score, you had to have a 10-20% down payment, and after the loan was closed, you had to have no more than 38% of your income going for things like your mortgage or your credit card obligations and so forth. more than -- no more than 38% of your income was used for those contracted obligations. those are the three standards. now, they weren't particularly tough standards. especially the requirement for a 660 fico score, that is a credit score. the average credit score in the united states is about 710. but that was, those w

next we have fanny packs. "fanny packs -- fill it with your shame and lip balm." [ laughter ] next we have a slogan for a wedding ring on a businessman at a hotel bar. ring on a businessman at a hotel bar. let's see it. "wedding ring on a businessman at a hotel bar -- now you see it, now you don't." [ laughter and applause ] finally. everyone here familiar with bonsai trees? you know what bonsai trees -- this is a slogan -- i'm glad you are. [ light laughter ] we don't have time on the show to describe what it is. it's very important that you knew that. although i guess i could have used this time to explain it, but i very much do this by the script. it's like a little -- anyway, this is a slogan for pruning a bonsai tree. "pruning a bonsai tree -- let them know you're a serial killer." [ laughter and applause ] i like to get it exactly right. oh, i think you'll find the door [ laughter ] next we have a slogan for eggnog. let's see it. "eggnog -- you can't spell nog without 'no'." i don't want your weird egg d

this new conservative project follows the example of our fanny generation.the original tea party, talking here about the tea party that took place in boston, in 1773. it was a righteous protest against the kind of government that we as americans do not want. but, that event would now love have been forgotten in history if that generation had not made the journey from boston, to philadelphia, 14 years later to create the kind of government that we as americans did want and do still want today. to follow the founder's footsteps, conservatives today must first resolve the starting right now to apply our permanent principles to today's challenges, restoring upward mobility, equal opportunity and community solidarity in every sector of our economy and to every neighborhood in our society. as in any diverse coalition, good-faith disagreements on the right and within the right are inevitable and their welcome and it's the job of that leaders on all sides of these debate to which were that our differences of opinion, they are sources of strength, not division, sourc

. >> this time fanny is helping out this fine man in love. >> i'm chad and i want to pro most to my girlfriend shawna. the reason i want to my girlfriend, shawna. >> chad and his girlfriend were on this boat. >> it was like go into the middle of the ocean by yourself and we'll catch up and i'll know what to do. what does that mean? i'll know what to do. >> he doesn't really know how he's going to get the ring. he picked it out himself. but the guys have a surprise for him. he's not going to have to pay for this ring. he is big, patty, mayo over here is giving harnesses that he's boat. it's a very carefully get the helicopter really close to the boat. >> my mouth is open like what is going on. >> they almost land a helicopter on his head. >> this is where it gets real lovely. >> the helicopter pulls away. >> will you marry me! >> what? >> marry me! >> i can't -- the jet engine. what? >> i love you! >> it didn't go like that. at all. >> i love you more than i could ever describe. we've been through some crazy stuff together and shawna, as scared as i am to do this, in this moment -- shawna, will

things in financial reform that were not done in dodd frank, so we haven't figured out what to do with fannie mae and freddie mac, the housing businesses. i said we didn't nationalize companies, but we sort of nationalize them. they were half government anyway. they are still in that state of purgatory. we haven't figured out what to do with them. we need to figure that out. we have not fixed the rating agency problem. we haven't talked about that, but none of the -- i rattled off a bunch of guilty parties earlier but i left off the rating parties which left a lot of these complicated and largely horrific securities with aaa ratings which means safe enough to recommend to grandma. they were not. that problem has not been fixed. there is work there. a huge problem we were talking about was the horrible mortgages that were granted. that's a lot better now. you can start seeing crummy mortgages creep back and we have to watch that and supervise, the government needs to supervise the banks better than it has before and dodd frank mandate that. the whole system has deleverage. we have all this deb

fannie mae was 2.40. went to 2.50. today 1.70. fannie mae.owned fannie mae or bought it that day after it spiked delivering alpha, that's an example of which what hedge funds did. using as a metaphor. >> another is macy's. spiked on the day that we had jeff smith on. >> it's turned into gimbel's. >> the stock is down more than half, i think, since that day. >> there's a split. >> without the actual split. >> do they get to the point where the underlying value of the real estate exceeds the market cap of the business? that building in herald square alone 3 billion, $4 billion. are they going to sell that now? >> no. can't even do it, well, you can do it but you don't get the tax break. >>> asked david jaffey how mac macy's is doing, just as bad as everybody else. not worse than everybody else, but just as bad. i will go there this weekend and try to help their sales. >> you will? >> yes. >> what you are in the market for? >> the boots. >> the boots. >> she just sent me the size, 8 1/2. no she's not watching the show because i asked her the siz

in addition, since 2008, fhfa has served as conservator of fannie mae and freddie mac. fhfa's housing financial market expertise contributes to fsoc's ability to understand and better assess broad, systemic risk. as i recall ensuring that fhfa contributed this kind of expertise to fsoc was especially important to congress, both because housing represents a significant part of our economy and because the most recent severe disruption of our economy -- that our economy experienced resulted from business entities and others making unsafe and unsound housing and housing finance decisions. through fhfa's active participation in all fsoc committees, fhfa engages with other fsoc members to share information, evaluate policy matters and conduct risk assessments of business entities and markets in which they operate. fhfa also participates with other members of fsoc in making assessments of whether to designate non-bank financial companies for supervision by the federal reserve. if so designated, these companies are required to meet enhanced prudential standards. this is a signi

. >> there were significant issues with fannie and freddie. they've been in conservatorship for a few years and director mel watt is helping to make improvements there to get them on stronger footing. for hud, we run the fha, and fortunately for 80 years now, fha has been a rather stable insurer of loans that has provided the opportunity for in the african-american community, for instance, today, of loans that are made to african-american families to purchase a home, almost 50% are fha insured loans. of fha's total portfolio of first-time home buyers, african-americans represent about 10.7% of that and that is on the rise over the last couple of years. >> there are still americans living in environments where they're having trouble making payments when it comes to mortgage. helping them? >> over the last several years, hud has been very involved in trying to make it more feasible for folks to stay in their homes. we have programs, for instance, that work with lenders to encourage them to give folks an opportunity to adjust their mortgage payme

>> i think we've been in conservatorship, fannie and freddie, for eight years. it is the longest conservatorship has has ever occurred under government control, and while the risk of the work that we are doing is much, much less now than it was at the onset of the meltdown, staying in conservatorship is just not sustainable. you have a high risk of losing the most qualified people to the private sector. it's just -- i could keep going on. >> so we should act? >> you should act, yes. >> thank you, mr. chairman, i yield back. >> time of the gentleman has expired. chair now recognizes gentleman from pennsylvania, mr. rothfuss. >> thank you, mr. chairman. mr. woodall, your criticism of the metlife sifi designation process is a matter of record and has been discussed at the hearing today. your well-founded concerns are shared by many of us and ultimately we should ask ourselves whether it's wise for people with little or no experience in a given industry to be given the power to make significant consequential decisions such as sifi designation. there's a broader ques

effect across the economy, nudging up everything from mortgages to bank savings rates and bonds, fannie mae expects the move to have little to no immediate effect on mortgage rates saying the market has already priced it in and rates wouldn't go up enough over the next year to deter home buyers. banks could raise rates on equity loans. that means will likely pass on higher borrowing costs to you. back over to you. >> we'll be watching to see what happens. thanks. >>> 26 minutes after 5:00. another mild morning, 51 degrees now in the city. but there are some clouds overhead and some rain on the way. i've got your hour by hour forecast ahead. jessica boyington is in the first alert traffic center. good morning. >> good morning, bill. good morning out there. if you are just waking up looking at route 309, you have no problems right now. look at this around the intersection at stump road we're doing okay. we're going to check with drive times in new jersey when i come back around 5:30. >> now to breaking news we're following, police are investigating a shooting and a crash, they both happen

jefferson for the ill treatment of her husband were to weigh in with advice to family members when fannie washington reported one of her children were not well. martha replied children that eat everything is they like and as heartily as yours does must be full of worms. [laughter] i never saw children stuffed as yours as when i was down in virginia. [laughter] every thursday hosted a public tender that became known as the congress dinner and i was interested when we saw the beautiful display said decorations of the table ornaments and it gave me a huge pleasure to read about the congress dinners in my book. but that is where my whole idea of the congress came from. so members of congress were invited and their wives. some politicians had memories of the dinners during the war. washington refuses style of entertainment he said first the novelty would be considered an ostentatious imitation or a minute period of royalty in england. and secondly, it would stop the avenues home into useful information to make us dependent on the few. george and martha administered mount vernon while they read

stephanie althof is the bird woman, jessica buchanan, erin mcrae, and marley millar play miss lark, fannie, and miss smythe while sabrina hayes plays queen victoria. members of the ensemble are nicol, leta oelrich, crystal spencer, sophie vowels, butch stohr, kim sittig, dominic roe, joel ochoa, marshall nielsen, marley millar, erin mcrae, pat lyons, sabrina hayes, and jessica buchanan. liane nichols is director, steve citta and mary citta are musical directors, and aaron hansen is choreographer. tickets will go on sale starting november 24 @ 1pm. call 319-app-laud for more information. sponsors for mary poppins are first national bank, friendship village, grundy center memorial hospital, 93.5 fm the mix, trapp realtors, scratch cupcakery, taylor veterinary hospital, and us bank. for tickets to the production, call 319-277-5283, m-f 1-5pm, and 1 hour before each show - (not available online) adults-$25, children/students- $10. discounts available on adult tickets. ask about flex ticket policy. the show begins this friday, december 4 with a 7:30 p.m. showing and tickets are on sale now. vis

you are confused with fannie and freddy.sign what jenny is so people appreciate what it is, and i want a sense of what the interest rate means. >> we're kind of the equivalent of fdic to mortgage banking. basically, look at a bank. a bank issued cds and rate funding for commercial owned bank, other bank type loans. what we do is lenders will issue a security to raise funds to actually finance the lending of fha-va and rural housing loans. every lope in america, the funding comes through this structure. what we do is guarantee that corporate debt will be paid back same way add cds are paid back so interest and principle go to the bond holders in the same way. it's different. basically performing the same function that our 400 issuers do. we do to mortgage banking what the fdic did to every issuer whether it's a small community banker in the west or money centered bank, you have ak access to cheap funding where goss, they control. >> i want to bring you back to what to do about the gses. there's an interesting debate to be had

according to fannie mae, more lenders are easing standards. that could help make houses more afforable. some new advice is now out... on who should be taking medication to lower their cholesterol. recommends adults as young as 40 ... with at least one risk factor for cardiovascular disease ... should take a low dose of these drugs... according to experts -- studies have shown these drugs can help healthy middle-aged people avoid heart problems ... if they have more than a 10-percent risk of a heart attack or stroke over the next decade... a new study suggests helet- less football drills ... could actually reduce the number of head injuries among these athletes... a study in new hampshire found by not using helmets -- players learned to adjust their tackling techniies to be more protective of their heads. they found after one season -- the group without helmets had a 28- percent decrease in head impacts during practices and games... researchers say high school and college players absorb more than one-thousand impacts per season -- and the subje

according to fannie mae, more lenders are easing standards. that could help`affordability in the housing market... which has been suffering under both tight credit and a tight supply of homes for sale. the demand for craft beer has production. production totated nearlz 79 million pounds this year.... an eleven percent increase compared d last year. washington state produced more than 59 million pounds, followed by oregon and idaho. those three states produce about a third of the world supply. a happy, k-w-w-l holiday follow up to tell you about this morning. liam yung is able to spend the holidays a ahome. this was a story we first told you about on today in iowa. liam was taken to the hospital in october with what was thought to be the flu. but his condition has gotten worse, and he's now lost his fingers and toes. but that hasn't seemed to slow him down. kwwl's brad hanson show us how christmas came early for liam's family. nats what do you wanna watch? boof! boof? yeah! it's a beautiful sight for taken to the hospital a few his condition wa

>> i am not a fanny. his characters are very, very offensive. l.e.g., bruno, and his new one, donald trump. [ laughter ] [ cheers and applause ] >> jimmy: hold on a second, i want to make sure i understand. you're saying donald trump is a sacha baron cohen character? >> yes. and a very unbelievable one. the only person who would pen muslims is someone with a brain like a female chicken. >> jimmy: i see. >> it is clearly a parody of a rich american racist. he's actually real. >> no, no, he do not even look real. cohens have spent all the money on orange paint for face. now i know what happen to pamela anderson pubis. [ laughter ] [ cheers and applause ] >> jimmy: donald trump is definitely a real person. >> what? >> jimmy: yeah. he's a real person. >> well, if he is real, then donald trump is an absolute kimmel. [ laughter ] [ cheers and applause ] >> jimmy: you forgot -- you said you had a warning, what is the warning? >> yes. mr. cohens have a new disgusting film, bewares. boys, bewares. >> jimmy: who? sacha baron cohen has a new movie? >> yes,