. >> henry, before 2007, my mother and o idea what fannie mae freddie mac were. everybody knows those names now. what is the role of government as it relates to housing? henry: fundamentally, the role of government is to make sure we create the conditions where people can live in decent housing. we have so many people paying 50% of their income, one hole of heir monthly check, two-week aversion, on just keeping shelter for their children. that is too much. they don't have money left for other things. so the government has a role in several ways. one as i mentioned a moment ago, we need to be spend manager on create rental availability because we spend a lot of on home ownership through mortgage deduction. that is an issue. with respect to homeownership, we need to have fannie mae and freddie mac in existence so that we have more capital so the taxpayer doesn't end up paying as we did in the last round. mortgage dary mechanism that allows liquidity is a piece of the government's responsibility. >> are you worried about another housing crisis? >> i think the odds a

fannie and freddie to work with the family. since all of our direct actions mae and freddie mac, we have gotten significant changes. ie mae and freddie mac used to have an arm's length deal meant that myself, i was not allowed to buy back my home. come andre going to buy my home, you had to sign an length deal that you would not rent to me or anybody in my no contact with me, and that was the only way that you would be able to sign and that home. 2014, we have of gotten that policy changed. process ofm in the buying back my home. [applause] fhfa have also gotten the to fund a national trust for affordable housing. so -- which now contains millions of dollars to be able and maintain affordable housing. theyow our push is that implement the use of it and not just let it sit in a bank account. are also actively lobbying in no-fault house for a eviction protection bill that former homeowners and makes the banks accept rent, unless they're going to sell to toomeowner that is going occupy the property. so if they move to sell it to an have to accept your rent and they cannot no-fault evict you, which means evicting you fo

signed the bill into law suspending the controversial compensation packages for nonprofits fannie mae and freddie mac. those ceo's are rolled back from millions to $600,000 a year. that's still $200,000 a year more than the president makes. still ahead on "full measure," billions of dollars have been released to iran. some fear it will be spent to both support terrorism and fuel a growing fight among arab states. and, we'll visit the only state capital in the u.s. to file for bankruptcy. across america. sharyl: in the last few weeks a head spinning rush of headlines involving the u.s. and iran. u.s. sailors captured and released. u.s. hostages,ome held for years, also released. nuclear guidelines met and sanctions ended. iran has emerged as a new entity free to engage in world trade and with around a hundred billion dollars released by the u.s. the question is, does giving that kind of money to the world's largest state sponsor of terrorism make the u.s. and world safer or more we spo with juan zarate, a terror financing expert and senior aisor at the center for strategic & international studies. he

outrageous pay where many democrats and republicans see eye to eye: the mortge loan firms fannie mae and freddie mac. in july, mel watt, who heads the federal agency overseeing them, approved a scandalous hike for ceos timothyy mayopoulos and donald layton. they were making $600,000 apiece. their raise? 650% to $4 million each. congress moved quickly to block the increase. rep. chaffetz: if yoyou want to chchange your ststructure and ba for profit organization, make all you want. i'not trying to dictate thisis. i'm just sing if you're taking the advantage of the subsidy that comes from being a not for profit, then you're not necessarily going to bring home a seven figure paycheck. sharyl: red of all the criticism, the nfl gave up its nonprofit status last april after 73 years. they'll lose millions in tax benefits. but wthey won't have to public disclose goodell's big salary, ymore.ym the week othanksgiving, present obama gnedhe bill into law susnding g the contntroveial compention papackageses for nonprofits fafe mae d freddie mac. thosose ceo's are rolled back fromom millions toto $600,000 a year.

american people hundreds of billions of dollars for the mistakes made by the banks, by fannie mae and freddie mact be doing that. i know there are some candidates in this race who believe that we should, but i'm not one of them. >> reason why they say we should is that it would boomerang on you, sir, that all of a sudden you're telling a lot of depositors who might get federal insurance for whatever deposit limits are in effect, but all their investments would go kablooey. >> well, listen, you know, neil, each has to be assessed at the time. but i don't think we should be signaling to the federal government that you can conduct yourself in any way you want and if there are no penalties for that conduct. we've gone through this once before. we've seen it happen once before. and i don't think we can let it happen again. >> you know, i was thinking of you knowing we were going to be chatting today, governor. i'm looking at a donald trump and sarah palin on the stump together. a lot of people surprised she passed over ted cruz. bottom line, the whole race is confusing. how do you break through that h

now shadow banks, company like lehman brothers and bare sterns, and investment funds, and fannie mae and freddie mac as it become safer it was less important, and by the time that a financial crisis did have all of the lending and leverage that was built up outside of the banks where we really wrnght aware of it or aware how big and potentially dangerous it was. similar phenomenon observed in natural disasters and that the less decade we've had one after another record-breaking disaster, by hurricane katrina, hurricane reta, the earthquake in japan. just this year hurricane joaquin. this tells you that we're seeing ever more billion dollar disasters and if i would actually put total price of the disasters large spikes in the 2,000s so there's a lot of concern that this is the consequence of global warming especially in terms of flooding and hurricanes. and there's scientific consent that that a warming climate can contribute to severe weather events, but that is not the primary reason why the class of disasters is going up. major reason they're becoming costly is because we're putting more wealth on

fannie mae and freddie mac, right? government sponsored entities. republicans and democrats alike supported them. and they started rolling up, you know, government decided it was a good idea for everybody to own a home. then wall street got engaged. there were 25 government agencies that were supposed to be minding the store. none of them did their job. when the crash happened, what did democrats do? they passed dodd-frank. they didn't reform the 25 agencies. no one's reformed fannie mae and freddie mac. and guess who helped write dodd-frank? the wall street banks. and the result is that we have 10 wall street banks too big to fail who have now become five, even bigger, even more powerful wall street banks. meanwhile, 1,590 community banks have gone out of business. 20% of the credit union industry has gone out of business. and why does that matter? because community banks and credit unions serve whom? you. me. us. small businesses, new businesseses, families struggling. and we are crushing them. and meanwhile, wall street gets bigger and bigger. so

he says it is not to be confused with freddie mac or fannie mae. a change in poll position for both iowa and iowa state. how far the cyclones fell in the rankings after their loss to baylor. steve: an old des moines movie theater gets new life. see what the salvation army has done with the place. and, the iowa legislation starts the 2016 session today. the 3 issues lawmakers say they must resolve before they can go cordes: most nurses are tough. they're problem-solvers. they like making things better. people don't have access to healthcare because they just can't afford it. bernie sanders understands how pharmaceutical companies and major medical companies are ripping us off. bernie tells the truth, and he's been consistent. he understands that the system is rigged, and he's the only one who can bring real change. ringing) you can't deal with something, by ignoring it. but that's how some presidential candidates seem to be dealing with social security. americans work hard, and pay into it. so our next president needs a real plan to keep it strong.

the housing crisis, the fannie mae, the freddie mac stuff is not going away, it is building back up and the economy could be in a lot of trouble as soon as the feds take the hand off the wound. >> i was trying to get into the irony of that with the candidates last night, wouldn't it be something this president who came in as a result of an economic crisis, there are other facts, i'm not attribute to it solely, the next president comes in under the same conditions. >> not only the economic crisis but wars in the middle east. when this president came in, he was hoping to bring up a change in the u.s. economy, leave better employment, less war, we're fighting in afghanistan, still taking casualties, may be going into iraq and syria. neil: who of the candidates impressed you or could impress you as someone who gets it on the national and i guess now economic security angle? >> i thought marco rubio impressed me. it was interesting to see in the republican debate it was about an hour and a half in before somebody defended the free markets. when marco rubio said hey, maybe a trade war isn't t

. >> fannie mae and freddie mac can get everybody a ophome. >> that's why we haven't learned our lesson what came out of that was, even republicans believe that the governments should be saving the economy. >> after the lights go out between the center and right. >> we have gotten to this position where every time the market goes down, we want the fed or we want somebody to do something. >> it is. >> didn't they teach us to be that way? >> yes, they did. china is the same way. so the chinese stock market has gone down. >> who was the first to dpgo >> that would have be japan in 2001. think about that. >> hold up d >> how did that turn out? who was the next one to do it? >> it was us. then europe. >> once japan and the united states took it to a whole new level. once that occurred, we really can't speak out about other countries managing markets, can we? >> no. >> i think that's why the fed is so dicy with china. >> i agree. >> if your kid was a kid in the neighborhood that teach all other kids to light matches, you're kind of responsible for the drapes being on fire. >> i could not agre

it was fannie mae and freddie mac and the big banks, who gave mortgage loans to people who had no business ever getting a mortgage. they gave away money like it was candy on halloween. they they came to you, the taxpayer to back that up after they screwed up. that is what i would change. local community banks need to be exempted from dodd frank. let the state regulate your banks. there is no need for the federal government to be involved in regulating your bank. f we do that it will free up and as you know enormous capital that can be invested in local communities. 75% of all jobs in this country are created by small business. you better get to it and let the small businesses grow. your community banker is the person who is willing to take a chance on you. they probably frequent your business. they drive by it. they see. they talk to people who frequent your business. they go by a field. they are invested in your community. they say this is a good person. i will invest in them and take chance. everybody in this room is going to need someone to take a hance on them. so, we want our communit

wasn't those here that caused the financial note that it was friday may the need for -- fannie mae and freddie mac that gave the mortgages to businesses that never had business getting a mortgage and gave away money like it was candy on halloween when they came to you the taxpayer. that's why the change, local community banks that need to be accepted. let the states regulate the bank. there is no need for the federal and averments to be involved in regulating the bank and if we do that it will be out in our ms. b. invested in the communities the community's & 75% of all the jobs are created by small business, we better get to it. the last thing about the community bank committee or she is the person willing to take a chance on you. they probably frequent your business. they drive by and see and talk to people. they don't just go buy it at balance sheet. they go to a place and look at it and say this place has a shot, i've known them for years and i will take a chance. everybody in this room in their life needs somebody to take a chance on them. so we want our community banks to be able to do that.

regulation and they, by the way, were the ones who created the problem in 2008 along with fannie mae and freddie mac that really crippled our economy, but not the small. this wasn't, you know, a small community bank in florida or new jersey that created the economic crisis, but they're creating a different kind of crisis now, which is unavailability for capital for people who are trying to take a great idea and turn it into a great business. >> absolutely. >> chris is absolutely right. could i -- there's one -- there's an element that is becoming more talked about now in the political square and it's a serious issue, which you can't be an entrepreneur if you're in a community that has increasing crime rates. you can't get insurance. you can't start your business. people don't have confidence. and we're seeing increases in crime in the urban core areas of some of the big cities that is -- that is deeply disturbing. and i think that we need to have a conversation nationally about how do we support local law enforcement so that they can get back to community policing because 99.99% of the time they're

they, by the way, were the one to created the problem in 2008 with freddie mac and fannie mae which crippled our economy. this was not a small committee bank in florida and new jersey that rate of economic crisis, but we are creating a different kind of crisis now, which is an availability for capital. people trying to take a great idea entered into a great business. [applause] absolutely right. there's an element that is becoming more talked about in the political square and it is a serious issue, which is you cannot be an entrepreneur if you are an a community that has increasing crime rates. you cannot get insurance. you cannot start your business. people do not have confidence. we are seeing increases in crime in the urban quarters of some of our big cities that is deeply disturbing. i think that we need to have a conversation ashley about how do we support local enforcement so that they can get back to community policing because 99.99% of the time, they are protecting innocent people who feel threatened by the gangsters and by the criminals in these communities that exist. you cannot cr

they, by the way, were the one to created the problem in 2008 with freddie mac and fannie mae which crippled our economy. this was not a small committee bank in florida and new jersey that rate of economic crisis, but we are creating a different kind of crisis now, which is an availability for capital. people trying to take a great idea entered into a great business. [applause] absolutely right. there's an element that is becoming more talked about in the political square and it is a serious issue, which is you cannot be an entrepreneur if you are an a community that has increasing crime rates. you cannot get insurance. you cannot start your business. people do not have confidence. we are seeing increases in crime in the urban quarters of some of our big cities that is deeply disturbing. i think that we need to have a conversation ashley about how do we support local enforcement so that they can get back to community policing because 99.99% of the time, they are protecting innocent people who feel threatened by the gangsters and by the criminals in these communities that exist. you cannot cr