what is next for fannie. eamon javers has more. >> fannie mae was at is the center of the financial meltdown, leaving taxpayers on the hook for billions of dollars in losses. be uwith home prices rising, a decline in foreclosures, and fewer borrowers behind on their loans, fannie mae today reported net income of $17.2 billion in 2012, including $7.6 billion just in the fourth quarter. the company said it now expects to be profitable for the foreseeable future. >> if you are the government competing in a private business, you can make money. fannie mae is no longer a gse, a government sponsored enterprise, we used to say. they're just part of the government. >> but it wasn't supposed to be that way. after the crisis, both parties said they would do something to fix fannie mae and its sister company freddie mac. and now fannie's profits could blunt momentum for reform of the mortgage-backed securities industry and the entire housing market. >> congress has no real incentive to get rid of them. and what they're

next up, you're making money, fannie, may we have the money back?ge on why after rebailed it out, fannie may is taking the taxpayer money and running. welcome to the new new york state. what's the "new" in the new new? a new property tax cap... and the lowest middle class income tax rate in 60 years... and a billion dollars in tax breaks and incentives. new opportunities for business. over 250,000 new private sector jobs were created over the last two years. and 17 straight months of job growth. with the most private sector jobs ever. lower taxes, new incentives, new jobs, now that's news. to grow or start your business in the new new york visit thenewny.com if you have high cholesterol, here's some information that may be worth looking into. in a clinical trial versus lipitor, crestor got more high-risk patients' bad cholesterol to a goal of under 100. getting to goal is important, especially if you have high cholesterol plus any of these risk factors because you could be at increased risk for plaque buildup in your arteries over time. and that's w

next up, you're making money, fannie, may we have the money back? on why after rebailed it out, fannie may is taking the taxpayer money and running. liz: bailed it out, and now it is making out. fannie mae with the biggest profit in history last year, and this is the same company that taxpayers bailed out to the tune of $116 billion. it still owes u.s. taxpayers 81 billion of the sum. the judge says good luck getting the money back. judge, you don't think we'll get it back? >> the taxpayers absorbed the losses from fannie and freddie, and taxpayers enjoy the profits. if you combine the two of them, the number is larger, close to $200 billion that the federal government invested in these, the investment consistented in paying their debts, and then acquiring ownership, so these are wholly owned by the federal government. the $16 billion in profit is a good thing if you believe the federal government should even be in the business of financing housing. liz: right. they agent like off balance hedge fund sheets. the u.s. taxpayers owns a big stake, nearl

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fanny!!! buenas tardes rosita, me encuentro en el monumento japones americano aqui en washington dc, a proposito de que los cerezos japoneses han alcanzado su maximo florecimiento y maÑana se estara realizando el desfile nacional de los cerezos japoneses, en ingles cherry blossoms... actualmente tenemos una temperatura de setenta grados con un cielo mayormente nublado y viento ligero soplando desde el norte a 14 millas por hora, mas adelante les tendre, detalles del tiempo para el fin de semana y tambien las notas del entretenimiento... ...una pausa..y al regreso.. varias familias latinas estan en riesgo de perder sus apartamentos en alexandria... volvemos con detalles.. ademas...faltan pocos dias para rendirle cuentas al tio sam.. ¿como evitar errores??? le informamos..en unos momentos. no olvide que ya tenemos disponible un nuevo servicio de "alerta de noticias de ultima hora"... para recibirlas, solo debes enviar por mensaje de texto la palabra noticiasdc al 90900 e inmediatamente comenzara

it's a new day for fannie mae. six years after the housing market's collapse, the agency has turned a record profit. fannie raked in $7.6 billion in the fourth quarter, and made $17.2 billion in 2012, while taxpayers took home $11.6 billion in fannie dividends. the ceo of the mortgage giant says he expects earnings to remain strong over the next few years. a new trend among recent law school graduates is to sue the schools. the l.a. times reports dozens of grads across the country are now part of class- action lawsuits. the suits contend that law schools inflate both salaries and job placements. "it is pretty clear from the commonality of these allegations that these law schools are indeed manipulationg their employment data." law schools have responded saying their data is correctly reported. online resources render many law jobs obsolete, and that is one reason there is a glut of lawyers looking for work in their field. unemployment in the eurozone continues to reach record highs. the jobless rate hit a new high

still ahead, fannie mae just reported record profits. what does this mean for investing in housing? that's next in traders unplugged. and now, from the floor of cme group, the two "ak"s, as one viewer likes to call them, alan knuckman and andrew keene, ready to electrify you with their trader smarts in traders unplugged. topic one: energize your money: which coal stock is likely to rise now that nat gas is going higher? - go ahead. - i like peabody. i think it is a beat-down stock. here at $19 it looks very attractive. we are at the lows for the year. it has come down from $30 just recently. so i think coal is an under-valued asset here now that that price advantage is going away for natural gas. - if i could choose "none," i would choose "none," but if i have to choose one, i was pushed up against the wall and alan was making me choose a stock, i am going to choose arch coal. they had record revenue and profit. the stock trading at a 52-week low. it is trading at 0.3 times book value. the chart looks a little weak. on a short leash, i would get long arch coal. - all right, moving o

that raises a big question, which is what happens to fannie mae and the sister company. they were put into conservatorship, now will the movement toward housing reform and replacing fannie and freddie, will that be stalled as a result of these profits sort of taking the urgency out of the debate, particularly because this is a town that is drowning in red ink. fannie mae, ironically may represent one of the rare patches of black ink in a town that's otherwise consumed by debt. >>> well, they certainly have a the lo of of other things they could put to the front burner. >> there's always something. >>> when we come back, we'll talk about the market, and talk about dealing with the north koreans. we'll talk live with former senator george mitchell, who was special envoy to the middle east. also charms of the northern ireland peace talks. acceler-rental. at a hertz expressrent kiosk, you can rent a car without a reservation... and without a line. now that's a fast car. it's just another way you'll be traveling at the speed of hertz. tens of thousands of dollars in hidden fe

you only need a 620 to get a loan from fannie mae.rage credit score is a 640 and you need 3.5% down. how much looser are we going to let this lending go that we haven't learned the from the past? >> tanya, well said. we'll fight about it -- listen, i'm hosting "the kudlow report," actually. we'll argue about this, not you and i, but we're going to do it more there. thank you very much. >> thank you. >>> breaking news for the president. the president saying that he is going to give back 5% of his pay as sort of a tribute to furloughed government workers. the president makes $400,000 a year, so about 20,000 bucks, apparently, the president is going to surrender in tribute to furloughed government workers. also, the president is also a millionaire from his book sales and probably will be a very rich man by the time, maybe 20 years from now. >>> all right, up next. video proof of that pay what you weigh story from air samoa, aka, he ain't heavy, he's my passenger. that's up next if. [ male announcer ] they say that hard work is its own re

energies that become a sink for wealth not a creation of wealth and in the derivatives area with fannie and freddie with the moral hazard of basel and so forth we created an unstable system that is stabilizing capitalism but you don't blame capitalism for the fact that we've destroyed the senate structures that with effectively socialize the risk that's not counting the grip on social activity in. george none of this is that although this is cold comfort if you're unemployed isn't it well that's absolutely right and i'm also a little. strange when people talk about this idea that there's some pure capitalism because really capitalism from its inception had always been very much a state run business i mean it's basically from you know you starting from going back to the american history. of the state has always been very much involved in helping out capitalism and even before the recent bailout i mean the great. american industrial success of the computer industry would have existed had it not been for government it was a government investment in the mainframe computers that gave us the

and stupid people of any institution well wall street the moral hazard problem but gone straight fannie and freddie of giving them good. wall street so figure now for a result they are doing all the handful of people and yeah while the one percent of their people are not angels it depends on the institutional framework you created we created a system designed to fail and it failed but it was not a catholic george i want to go to you i want to give george the last words it was because it looked like capitalism is working just fine for one percent go ahead. yet and you know i don't know whether the deposit insurance is ready or very much to do with it i mean look at what's going on now i mean the banks are essentially getting interest free loans from the government which they then lend back to the government and then pocket the interest that they make on that so and then this money then goes into the stock market so the banks are again making money twice over and this money is not being used in any productive way so something to do with the you know with the deposit insurance it's basical

fannie and freddie evanescing culver taxpayers. gerri: and we have reported over and over again. road a check to t treasury this year with this past year overtime. he said it will take longer than what i said, until 2019 to pay this off. why? >> well, you know, you have to throw of freddie mac in there. it is $120 billion all. if you take a few billion that they made last year is going to take a long time for them to pay that back. i think it's also going to be a really long time before they work their portfolios down. they have a trillion dollars in mortgages that they are holding. they also have hundreds in billions of dollars in nonperforming loans. they have to work all of this t. it is still going to take years to work through this problem that they get themselves into. gerri: doeshis mean the end of the conservatorship at this point jack. >> well, you know, this is another thing that we have to be careful about. they start reporting severe profit numbers. is that point to take some of the heat off of the whitete houe and congress to come up with an alternative structure for

people have been playing the fannie mae common.hat does not figure in necessarily. >> it's the preferred. but when you mention that and when you mention that fannie mae is not going up. beware @jimcramer. it will be a hard day. >> blocking going on? >> the know only time i got any sympathy at all was last night when the phillies fell behind and people felt bad for me and i like that sympathy. >> 161 games to go. >> i called my dad in the sixth inning and i said dad, we're finished. it's horrible. >> can we at least decide to finish the game before you see a loser? >> no, that's ridiculous. are you even from philadelphia. >> all i know is the mets are in first place. >> congratulations. >> enjoy it because atlanta and the nats have a bit of a combo going there. >> second quarter, the markets are trying to rebound after the slow start. how can you beat the bear? cramer's got you covered as "mad dash" is up next. opening bell in a few moments. "squawk on the street" live from the nyse straight ahead. at tyco integrated security, we co

. >> and they look good with fannie packs. you know what you do with the fannie packs. put your weed in it. >> what? >> your neck is actually getting thicker as you put those on, do you realize that? your bulge has a bulge right now. can i get a little leg kick that we can do in slow motion? i'm thinking it's sort of a fashion mullet because it's business up top, but we got a party in the back right here. you're just going to agree with everything they say, right? >> i am. >> how do you plan on taking on the date now that you're a new man. >> like a zebra. i'm going to start running like a herd of zebras. i got nothing else. >> in canada you call them fancy pants? >> i do because i'm an old fart. >> first of aushlll, i don't li that language, and second, you look young. if someone in a bar wanted to give you a hug, would you be receptive to that if they were wearing pants like that? >> oh, definitely. >> finally we have someone who appreciates style especially it as relate to see me on my person. you just went from hot to super hot and you haven't even put them on yet.

and a fanny pack?it's being held up by a chip clip. - because i'm giving up, jenna. i did the math. how many times does a woman meet mr. right? i've had three chances-- floyd, then carol, and i was once in an elevator with tom brokaw, and i blew all three... opportunities! so i am making my graceful transition into spinsterhood. i have adopted this cat, named her emily dickinson... - oh, come on! - named her emily dickinson. - lemon, a word. hang on. recent breakup, fanny pack, cat? quick. who is the lead character on ncis? - special agent jethro gibbs. - in your office, now. - what's the point, jack? i'm done. i took the money i was saving for my honeymoon, and i bought a cemetery plot. i also joined a book club

how fannie mae is turning around after the housing crisis.pping the chart for the first quarter. is 2013 this deal still to come? bob wade then next. first, let's check on how oil is doing. oil is pretty much flat. we will be right back. ♪ all your imptant legal matters in just minutes. protect youramily... and launch your dreams. at legalzoom.com we put the law on your side. tdd# 1-800-345-2550 when the spx crossed above its 50-day moving average, tdd# 1-800-345-2550 i saw the trend. tdd# 1-800-345-2550 it looked really strong. tdd# 1-800-345-2550 and i jumped right on it. tdd# 1-800-345-2550 tdd# 1-800-345-2550 since i've switched to charles schwab... tdd# 1-800-345-2550 ...i've been finding opportunities like this tdd# 1-800-345-2550 a lot more easily. tdd# 1-800-345-2550 like today, tdd# 1-800-345-2550 i was using their streetsmart edge trading platform tdd# 1-800-345-2550 and i saw a double bottom form. tdd# 1-800-345-2550 i called one of their trading specialists tdd# 1-800-345-2550 and i bounced a few ideas off of him. tdd# 1-800-345-2

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

these can be tricky, but i know that fannie and freddie are actually making money. is this a good sign for that industry, that sector? > > well, it is a super hot leverage sector. we are talking about alnylam capital management, two harbors, and american capital agency. these have been hot stocks for aggressive income investors. they buy lots of mortgages, don't pay much in short-term financing, and pay out about 10 to 15% as rates to their investors. and of course, the mortgage market has been recovering. but the question is, what happened to companies like these before the financial crisis? > they collapsed. > > they did. now these companies, of course, have only been in business for a few years, and they have been red- hot and doing really well. the caution is, what happens when short-term interest rates rise that is really going to compress their margins, even though, of course, they do manage that exposure as best they can. but of course, the news came out fannie and freddie are making money, and these companies are making money in mortgages. it is just very le

that's fannie mae. money good. money flowing into fannie.ing a risk. >> it's going to become an interesting moment when the government has to shut fannie may down because it's lucrative. >> at this point we don't get conversation about what the future is for these two companies other than letting them run and now they switch the profits. >> the title is ending too big to fail is going to be hard work. the title of the speech, it just gives you an idea of where we're all headed. >> this preferred has had a remarkable resurgence. if fannie mae's profits are so -- the fannie mae comment. >> no, no, no! >> there is also conversation going on as to whether there should be an enormous recap, a convention and 90% conversion for the government. >> did you see it breakout for aig and it is the most widely held stock by hedge funds according to some of the reports that we've done. this is a return to what were good businesses before the downturn and obviously greenberg says aig was good in the government because they were pressured by goldman sachs sx

century,the lenders are origing mortgages and sending them over to fannie mae and freddie mac and fannie and freddie mac kould send that mortgage-backe and that is holding back the landing potential. my counterparts indicate there are too many lawsuits and during banks from lending. we need to clarify what is the rule of the game. to facilitate liquidity to come to the industry. host: our focus is the u.s. real estate industry. for this segment, we are dividing our phone top -- our phone lines originally. -- regionally. you can also send us a tweet and we are on facebook or you can send us an e-mail. let me share this one figure with you, foreclosures. you concede nevada is still leading the list but also on the list as maryland, washington state, new york, arkansas, new jersey, utah, and florida. what do these numbers tell you? guest: most of those are the judicial foreclosures states. throughout the past couple of years, it is trickling into the market. by delaying the foreclosure state, new york, arkansas, new is hindering thet recovery potential. we saw a rapid foreclosure occurring

the former executive vp of fannie mae and to the ceo of chopin. thanks to both of you.u. when he looked at the staff up there, especially the largest voting, is this a normalization are something more serious? >> there is something else to play here. we simply don't have enough housing inventory. in order for values to continue to go up we have done more properties when the market, or properties sold, and there's more demand today there bit -- than there is inventory available. paris toward leasing inventories that lowe's the we have not seen since 1999 in simply have not built yet tosses. this will slow down recovery until we have inventory come into the market. melissa: to you by that? do you think that it is that or are we more dependent on where interest rates are right now? >> i think it is more dependent on where interest rates are. the fed has been, you know, single-minded in its efforts to inflate the housing market and housing prices. has been doing that through lower interest rates in buying all of these fannie and freddie and fha securities, and that has been

. >> and they look good with fannie packs. you know what you do with the fannie packs. put your weed in it. >> what? >> your neck is actually getting thicker as you put those on, do you realize that? your bulge has a bulge right now. can i get a little leg kick that we can do in slow motion? i'm thinking it's sort of a fashion mullet because it's business up top, but we got a party in the back right here. you're just going to agree with everything they say, right? >> i am. >> how do you plan on taking on the date now that you're a new man. >> like a zebra. i'm going to start running like a herd of zebras. i got nothing else. >> in canada you call them fancy pants? >> i do because i'm an old fart. >> first of aushlll, i don't li that language, and second, you look young. if someone in a bar wanted to give you a hug, would you be receptive to that if they were wearing pants like that? >> oh, definitely. >> finally we have someone who appreciates style especially it as relate to see me on my person. you just went from hot to super hot and you haven't even put them on yet.

it cost as bank five times as much capital to make a loan to small business as it does to hold a fannie security. melissa: wait, wait. tell us what that means to the average person out there in audience? whshould they care about that. >> so what the average person in the audience needs to care about is the way bank capital standards currently set up which the brown vitter bill ushs on and ends it is far cheaper for banks to lend to the government, led to fannie and freddie and lend to real estate than it is lend to businesses. it changes that and i think that is positive. melissa: absolutely. let's end on that note. thanks, gentleman. >> thanks very much. melissa: next on "money," how cash-paid workers could sidestep the tax laws and warping unemployment everywhere. governor jerry brown is heading out to bring in a mountain of chinese cash to the golden state. he is not the only one. we'll get details from former california governor gray davis. "piles of money" coming up. ♪ . ♪ [ male announcer ] how could a luminous protein in jellyfish, impact life expectancy in the u.s., real estate

my fanny pack. where's your fanny pack? oop. oh-ho! there it is. well, it kind of makes sense. mean, the guy was wound so tight he was like a tubby little time bomb. teletubby time bomb. kids! come in here! i have amazing news. can't it wait? we're tired. and rashy. (grunts) where were you? bushwacking a trail to the nude overlook. dad, before you say anything, know that we're gonna come out of this deal stinkin' rich! and we're gonna put a roof over you and ma. well, good luck. i'd pay not to have to look at those people. hey, dad, whoa, whoa, whoa, rewind. i'd like to hear your amazing news. everyone, hugo is not a health inspector anymore. he's a nudist! (door bell jangles) ron! i think i know why you're here. go ahead, i'll pretend i haven't heard. it's true. hugo has taken a leave of absence. we miss him terribly and hope for his speedy return. ha-ha! right. all right, well, i'd like you to meet hugo's replacement. hey, hello, tommy jaronda. pleasure to meet you. hi. uh... what, you're the new hugo? well, there's only one hugo. yeah, well, i'm here, so let's get into it. o

it's always the government. >> are you unable to say fannie mae and freddie mac?ng those two words? >> the truth of the matter, are you unable to talk about the illegal behavior on wall street? >> i'm certainly opposed to illegal behavior. fannie and freddie used the law to end up making malinvestments and the rest of us ended up paying for them. that gave you the recession. >> no. no. >> now we've had a recovery for three years and it's a lousy recovery because of the policies that you've endorsed. >> well actually, let me tell you something. this senator when he was in the house helped lead unsuccessfully i might say the effort against deregulation. because i believed then and i believe now that when you have a handful of giant financial institutions, and right now, wolf, we're looking at six financial institutions in this country that have assets equivalent to two-thirds of the gdp of the united states of america. if anyone believes that these financial institutions once again are not too big to fail, they are solely plis taken. the bottom line is when mr. norq

treasury. >> fannie one of the great stocks of the '80s and '90s.ompany. we saw what finally happened. i hope it's not happening again. on a duller note he yesterday, financials played a key part in this rally. let's find out what the the second quarter has in for for us now. ron krzyzewski. his name bears no resemblance at all to the way it is spelled. zero. >> or how you pronounce it. >> you're the same as the duke guy. there's k, z, ch. krzyzewski. that's close enough. you are now doing more advertising. >> we have to get our brand out there. >> we do. >> probably the best place to advertise would be on a company like cnbc on a show like squawks box. i'm just saying. >> i think it's the best place to run our ads by far. >> okay. good. you can come back. >> if you can pro announce my name. >> you were going to sign a big deal today but no. liz ann already told us how clients are reacting to the series of highs in this five-year. they're asking whether bull market is starting now even though we have had five years. are you getting the same type of

>>> es sensual. >>> gracias. >>> (♪) tienen e que ver y escuchar con quiÉn dicen que anda saliendo fannyticia y esta foto en las redes sociales. >>> tacher se escapÓ a cancÚn y compartiÓ esta foto junto a su novia cecilia y la hija de esta valentina, actualmente se encuentra en mÉrida yucatÁn en dÓnde arrancarÁ grabaciÓn de una pelÍcula. >>> y pablo montero recibÍ la visita de su hija al set de quÉ bonito amor y su esposa carolina captÓ esta foto y la compartio en twitter. >>> y llega cine la pelÍcula de horror y suspenso. y esta pelÍcula marca el de bulto del director uruguayo fe de Álvaro. >>> muy bien, es un orgullo ser quiÉn vea a hollywood a hacer una pelÍcula. >>> de dÓnde nace la ins perociÓn?. >>> es como una nueva parte en esta saga clÁsica de los 80 fue ha primera pelÍcula que ahora es la que estamos entrenando esta. y estamos entrenando ocio tambiÉn, pero la primera pelÍcula de sam fue... y queria traer esta hirÁ nuevamentemente a una nueva generaciÓn. >>> durante la filmaciÓn de esta pelÍcula llegÓ a pasar algo asÍ medite horrible al que less dio miedo a ustedes que estÁn det

i think fannie and freddie were -- it was suggested that they make loans. monetary policy was such that it sponsored it. i think there were some dishonest people in the business. certainly not all of them, but some. it would fraudulently filled out applications and make loans. there is plenty of blame to go around. mortgages were bundled up. also in europe and asia. results were not good. the perception of the u.s. as a bastion of capitalism has certainly been hit. when you look at the economies that have been successful in the last 10 or 15 years, there has been a good combination of government and business working together. i think that is the direction that would be the right one today -- to take. we will talk more about that on the competitiveness panel. i think we will see more of that in the future. obviously there are advantages and disadvantages to to both. that has not always worked well, at least not recently. this is important. >> what keeps you up at night? >> well, assuming this position, i sleep less well. what keeps me up at night, well, i wo

the news is good all around. 2012 was a good year for fannie mae and that's good news for you as the mortgage giant continues to pay back your taxpayer funded bailout. the government controlled company posts record earnings of $17.2 billion for the year. so far it's returned almost a third of its 116 billion-dollar bailout. fannie mae, along with the other government controlled company freddie mac owned or guarantee about half of all mortgages in the u.s. nearly 31 million loans. a juror booted from the courtroom at the jody diareas murder trial today. so what did juror number 5 do? that's coming up. plus, a man accused of setting a fire that killed dozens of people going free after decades in prison. and it turns out that fire may not have been arson after all. it's a busy news night from the journalists of fox news on this tuesday fox report. welcome to the new new york state. what's the "new" in the new new york? a new property tax cap... and the lowest middle class income tax rate in 60 years... and a billion dollars in tax breaks and incentives. new opportunities for business. o

that by the way was pushed by fannie and freddie. >> that's why i'm agreeing with you completely. this is terrible policy. we have guilted people into thinking they need to own homes, there's something good about owning a home. of course there is, but-- >> there is. >> it's not necessary to own a home. >>, but the government can support about it, but not the way as it has in the past. >> the point that it's bipartisan? >> if you're the president of the united states, and when you say home ownership went up under my watch. is it something we should be rolling the dice it at this stage. game. >> my head is spinning, i don't know what planet all of these people on our panel are from. the housing market has recovered somewhat. it's way weaker than it was in 2006, 2007. >> should be. >> and much stronger than a year and a half or two or three years ago. it's still flat. and if you're a person like me who owns a lot of real este, and dealing with banks about mortgages, you're banks are being extremely-- are you suggesting then that it needs to sort of boost, kind of boost and people are

mortgage giant fannie may, the most assets. and ap 8 had the highest market value, at least for now. >> we've got a lot of earnings still to come here. we've had three days consecutively now where we've had triple digit moves for the dough. >> what's your prediction? >> if the tradition holds, we will have an update tomorrow. but you never know. >>> that's it for tonight's "nightly news." >> have a great evening. we will see you back here tomorrow. >> tonight, "quest" explores two very different types of earthquakes. first, the magnitude nine quake that devastated japan in march 2011 was a kind of earthquake called a megathrust quake. and one just like it could strike the west coast of the u.s. any day. >> its not a point source, it's a thousand kilometer long polygon so all of oregon, all of washington, northern california, will all be severely impacted. >> and, if you thought earthquakes were only random natural events, think again. >> it allows us to really say "all right, human activity is causing the earthquakes." >> major

mortgage giant fannie may, the most assets. and ap 8 had the highest market value, at least for now. >> we've got a lot of earnings still to come here. we've had three days consecutively now where we've had triple digit moves for the dough. >> what's your prediction? >> if the tradition holds, we will have an update tomorrow. but you never know. >>> that's it for tonight's "nightly news." >> have a great evening. we will see you back here tomorrow.

. >> something else i would love to get your take on is fannie and freddie.y've been making an awful lot of money lately. and yet we have not seen a great deal of movement in figuring out what we're going to do with them. at this point, all the profits are being swept to the federal government or to the treasury. but where is that going to change, and how should it change if, in fact, congress eventually gets around to trying to do something here? >> well, i think there's a real risk that the more -- it doesn't surprise me they're profitable again. they're kind of working through their losses. they're the only game in town right now. they're virtual government monopolies. so it's probably not too hard to make money right now. but i would like to see the government get out of most of the housing space and let the marked decide how much capital and investment we're going to allocate to housing. i support more of a traditional role of federal government support for veterans and first-time home buyers, but beyond that, let the market and people decide whether the

well, yeah, but you wear it ironically like ted's fanny pack. go to great adventure you're carrying your own sunblock. ooh! i love this exhibit. one time when i was a kid, this room was closed for cleaning so i snuck under the rope. all: ooh. wow, that's pretty cool. when i was a kid i knocked down the blue whale. okay, the giant blue whale hanging from the ceiling? i was six. my uncle jerry brought me here for the day. he said, "don't touch anything." to a kid. so, naturally, i snapped the rib off a triceratops, blahbity-blahbity-blue i knocked down the whale. i'm surprised security didn't stop me on the way in. well, i'm sure they don't remember. i mean, it's been like 30 years since that completely made-up story didn't happen. it happened. marshall, barney there you are. i want you to meet an old friend of mine from exeter, george van smoot. but you can, and should, call me the captain. the captain? the captain? marshall and barney here are the future of goliath national bank. well, ahoy. ahoy. ahoy, the captain. the captain pretty much paid

fanny preston wylie and peter fits simmons. the members of the committee -- let's give them all a round of applause for their hard work. (applause) >> i particularly wanted to do that at the front end of the day's program because we always get to the back end when we're rushing and rush out and don't have an opportunity to acknowledge the people who really have done the hard work. as i mentioned, the society is a membership based institution that derives most of our operating revenue from membership dues f. you're not a member of the society, please join us or renew your membership today. i should note that anyone who joins or renews a membership today will receive a free autographed copy of our keynote speaker's new book, the title of which is martin's dream: my journey and the legacy of martin luther king, jr. we have a terrific program planned for you today. of course, the heart of the program will be our speaker, will be the remarks of our keynote speaker dr. claiborne parson. you have a program in front of you -- with you,