next is marked with wells fargo. >> hello, i work for wells fargo bank. i cover the northern california region. i usually focus on about $350 -- $350,000 of sbe loans. last year, for 2010, i did 43 loans. so we are lending. i usually focus on six different types of loans. start-ups, business acquisitions, real estate purchases with ti's, working capital, a partner buyouts, business expansion. when i am looking at a potential loan, i use the standard five c's of credit. the first one is character. what we are looking for is a minimum score around 640. we would like to say no recent bankruptcy foreclosures, bankruptcies, tax liens. if we see a loan that has been modified, we would like to see a reason it was modified, what ever reason it may be. it cannot be, i did not want to pay that payment any more. the second c, conditions. basically, how precise will the money be used? we are looking at a business plan. when you look at a business plan, that is just a start up. we are looking to see where there will be the need for lending. if you are an existing busi

lincoln and wells fargo chevron visa and bon appear teeth and of course, [spelling?] at&t and to the foundation and we thank all of you. here's to union bank and hosts man and of course, to a t and t to our san francisco giants you are the only team for me now let's -- our great hero, david and john caste too. jock robber shell vickier braive show and callahan here's to you and we raise your glass and toes all of the -- [inaudible] there is such excitement blooming and i'll share it all with you 20 scene our new hospital will make it's grande beauty and we will continue to offer -- and we will stand strong and take a strand we believe in giving everyone a -- we say we building this -- san francisco has in store .... a new dawn a new day ... (applause) is. >> thank you seaner and beach blanket babylon. ladies and gentlemen, it is now time for the heros and hearts awards. our first award will be presented by tracy. president of san francisco market, wells far go to assist with the presentation of the awards please welcome louisa house worth. san francisco foundation boa

and so many iconic projects in both northeastern and fortunately and southern california and wells fargo such an integral institution and part of of the fabric of our society and vaginal foalgee president the bay area region together encompassing this whole wide region for wells far going and we are soon going to hear from tim quinn written economist from wells far go and going to get some insight from him and a major focus and this says so much about the strength of our economy and the economy is small business lending and really promising news and 2012 wells far go expended scene billion dollars in that now loan commitments to small businesses across the united states over 30% in 2011 and that is great news so thank you wells fargo and many thanks to our partners in associations who always help us in promote things event it takes a villages to market deimagine. >> joseph markenson, md: and new president and c o oavment bob electric sway and president and c o e dennis callahan and executive director dave metcalf, e c a karen inc.,el and inner city advisers jose conia and typely going to

it on his behalf in order to keep his wells fargo mortgage afloat well in fact max he didn't owe those taxes that didn't stop them from collecting it and doubling his mortgage payments he was on a fixed income because he was retired and he and he ended up losing his house his wealth everything on a typo but it reminds me of a key plot point in the movie brazil terry gilliam's brazil where due to a typo there was a you know the state went after an individual and then the robert de niro character who's kind of operating in the elevator shaft of this dystopian nightmare is out there pulling a stunt where he would go into oh and any would reverse the sewage pipe with the air pipe so that the carbon was split was sewage now i suggest that down there in omaha nebraska headquarters of warren buffett's berkshire hathaway charlie munger the biggest shareholder of wells fargo somebody reverse the pipes with the oxygen in the sewage because as a major shareholder of wells fargo and they come out and made any statement or destroy him i'm going to make one of his commentary goes well too bad you ki

(applause) . >> thank you tim and thank you wells fargo bank for providing tim and now, we are going to invite our mayors to the stage and we are going to be able to hear about their requirement prierts and outlook and envision and is each mayor will get some time on the podium and then other manage editor will be leading a k q and a with them and if there are questions that you would like to ask him hold your hands up and either now or during the presentation and we will get to as many as we can and since fraction is the host city, mayor lee is gracious enough to allow mayor khan to go first please welcome dan angle who's president of golden gate university to introduce mayor khan (applause) >>> good morning. i noticed that governor rick pairy was mentioned articlier and i think i may send him a question and tell him why i came here ten year ago and there is some good news in recent california he picked out the top three firms he was after and called a joint meeting of the legislature and

citi at a two year high and wells fargo at a 4 1/2 year high. also in health care, j and j, mckesson, they lead the list of all-time highs help to go send the biotech and health care provider indexes to historic levels. there are signs investors are taking profit off the table. airlines moving lower. helped lift dow transports to the historic highs. telecom were the laggard, but at&t managed to give a lift to blackberry. the carrier announcing it will take pre-orders on the z-10 this week. blackberry seen its best gains since changing its name from r.i.m. a month ago. >> thank you so much. technology stocks meanwhile dividend plays? that's what's happening in the market. we'll have a report on dividend payers. and then a frenzy of activist investors on wall street pushing to split the roles of chairman and krchleco. coming up, i'll talk to a former ceo. and a new controversial book from sheryl sandberg asserting women hold themselves back in the work place. we'll talk to the female ceo of hsn for reaction. but we can still help you see your big

i do have one question for wells fargo. what are the typical rules for applying for sba loan of less than $50,000? how much money do we need to have in your bank to apply for a loan? >> i am on the smaller side of the bank. i am a transaction guy. i do not technically require one to have an account to do a loan with. what i look for, i generally start at 100,000 and up. when it is a requirement of 50,000 or less, i tend to call of the micro guys to help me out. that is right in their box. for us, the capacity for us to do the smaller side is not there as much as it is for them. on getting a loan through my side of the bank, i do not require an account to do that. we would like to have it, but i do not require it. >> last question for the opportunity fund and a critic representative. are you a cdfi? is san francisco and s.p.a. in support of cdfi's being established in san francisco? >> yes, we are. we were founded in 1999 with a small business loan. that is how we started our tenderloin office. >> opportunity fund is a certi

. >>> the national weather service has told the folks along the red river in fargo, north dakota, to prepare for perhaps one of the top five floods in the city's history. they're worried about the rapid thaw beneath spring rains. flood stage on the red river is 18 feet. they're worried upwards of 36 feet of water. and on the opposite side of the spectrum, there is no relief in sight this spring for much of the country suffering through a devastating and lasting drought. weather channel meteorologist chris warren is with us tonight for a look at all of it. chris, good evening. >> reporter: good evening to you, too, brian. in some areas not only is it bad right now but expected to get worse. as far as the drought is concerned, let's take a look at noaa's forecast released today showing the growing drought areas expected to remain dry. this is the spring forecast, april, may, and june. much of the west staying dry. with that expecting to see ongoing and possibly intensifying drought throughout parts of the southwest and many western states. some improvement is likely but that is a look

we bought wells fargo this year. i think wells fargo is cheaper than coke. i may be wrong. i think they are both wonderful companies. but and then now i'm giving money to the two other managers. last week i said i would give another billion each. you're talking about -- >> todd and ted. >> todd collins and ted wechsler. >> yeah. they are making me look bad. i'm going to give another billion so they don't talk about it. >> one of the changes in the annual report is of the stocks that you break out and investment holdings, there is a new one added to the list. that is directv. >> right. >> you only put stocks on the list that have you over a billion dollars in. this is the first time that someone besides you invested enough money to be on the list. >> right. >> that is directv and because the pension fund management. and there would be more directv because they have that in pension funds too. they concentrate investments like i do. one has i think only five stocks. the other may have 11 or 12. they don't check them with me ahead of time. i look at some reports at enof the mon

last but not least, we have our conditional lender represented here by wells fargo. mark cyrus is the senior fda banker for the region -- the senior sba banker. he held businesses choose the best loans for the growing business and focus on a comprehensive understanding of their goals for their business. mark is responsible for helping entrepreneurs with sba loans every step of the way. i would like each of you to speak a little bit about what your organization does and, more importantly, address the audience here and let them know what your looking for when you are hoping to fund their loan. we will start with you, mark. >> absolutely. thank you. i want to thank speaker pelosi for putting this together. i want to thank all of the of for coming out on a smell it -- snowy san francisco date. [laughter] we've been told we should get us know when we go back outside. not sure what to expect. second, i thank speaker pelosi for all the work she did to support the jobs act and before that, the stimulus bill, the original american recovery act bill that allows sba to be able

gracias por hacer sus transacciones con wells fargo. gracias.todo natural, listo. ah! el cheque... ...listo! por teleono. por internet. o donde este. wells fargo... ...hace ma failes tus transacciones bancarias ...y listo. en venezuela la escasez de productos de primera necesidad es muchos los temas de preocupaciÓn para los ciudadanos de ese paÍs cuando faltan 2 semanas para las elecciones presidenciales tras la muerte de hugo chÁvez, daniel garrido tiene el informe desde caracas >>> durante los 14 aÑos que estuvo en el poder el desaparecido hugo chÁvez siempre dijo que su prioridad era la justicia social, sin embargo, ha dejado a un paÍs donde a las familias les cuesta cada vez mÁs conseguir la canasta bÁsica. >>> y yo nunca de verdad jamÁs me imaginÉ que nosotros Íbamos a pasar por esto >>> ella es tanta amas de casas como muchas en venezuela se ha visto forzada a cambiar el menÚ que cadaÍa prepara para su familia >>empre andamos pensando de quÉ vamos a cocinar maÑana y maÑana tal cosa y no hay pollo >>> en este comerciante hoy queda sÓlo el r

wells fargo the -- the -- >>> it's been called a cue for -- putting san jose ahead of other contendersit's near a mild stone improving the -- by the end of april it will have pressure test it had more than 6700 miles. this is tsunami awareness week. want all californians in coastal areas to be aware of the dangerer. it can cause tremendous damage that'll run to northern california to vancouver island in canada. the biggest danger is here in northern california but such a quake can also hit southern california. >>> the impact already having and what some driver ls have now miss. what the future holds after midnight tonight. >>> the weather is working its way to the area, we'll have what you can expect for tomorrow and your easter weekend. >>> investigators are looking at what causing this fire. firefighters told us the fire se third floor unit. damages estimated at $1 million and no one was hurt. >>> half of the 28 tole takers rs being transferred to other positions and others are walking away with several packages. drivers who don't pay will be sent of an invoice to the address of the

we will go to fargo first.hy hawken, explain the significance of this bill that sets store to cut apart from the rest of the nation, the strictest abortion ban in the country. how did it happen, and your response to your friend, governor dalrymple, signing it? >> we are a very conservative state and i think that as part of the reason north dakota was targeted. although, the local sponsors say it did not come from outside. if you compare the bills from around the country, they are certainly similar. we are conservative. they knew they could probably get this through, and they did. despite the fact i think there are a number of north dakotans -- i was listening earlier in her the representative from minnesota saying she had made a politically expedient vote. i feel there are a number of my colleagues to make politically expedient votes on this issue. >> talk about your relationship with governor dalrymple. you have been a longtime friend of his bridge where you stand, what his attitude is toward this, why he sign

-- demolished and wells fargo agreed to pay for it. >> we have to keep it as nice as possible. we have nice neighbors. you know, and we need a nice neighborhood. why can't we have a nice neighborhood? >> now neighbors are hoping that property will be turned into affordable housing. >>> directors will meet tuesday to decide if they will move forward with a plan to build a joint fire station. the parcel is priced at $1.5 million. the station would be operated jointly and serve the residents of orinda and lafayette. commissioner are now under deadline next week for a deposit. >>> a vigil is getting started in san jose in honor of a young musician. ktvu's cara liu is live as friends and family remember. >> reporter: a lot of emotion out here. if you look at the park behind me where the group gathered. we are watching it grow very quickly. dozens of family, friends, classmates, teachers and artists. we see a lot of hugs and tears at this vigil. a community organization that helped put this organization together. many are talking about the shock they feel after the 16- year-old stude