. >> on april 13, the federal reserve board and the federal insurance corp. issued a joint report summarizing results of a horizontal review. you found critical weaknesses. foreclosure documents and oversight and monitoring of third-party vendors which resulted in unsafe and unsound violations. simultaneously, it you entered into a consent orders with these third-party service providers which required them to take steps to correct the problems identified. they were required to conduct a thorough review of actions that were pending through december 30 to identify borrowers that have been financially harmed by practices. i understand retention of these firms in the process was required to be spelled out in engagement letters that they have to approve. what is the status of these engagement letters? have all of the banks maintained their firms? have they spelled ups the manner? how you respond to the criticize -- criticism is that they were overly vague and allow them to develop their own plans? >> what is the methodology that each servicer will use to ensure th

the federal deposit insurance corp. plans the honors of mutual bank of harvey pocketed millions in dividends ... spent a quarter of a million dollars on a family wedding ... and held a board meeting in monte carlo for $300,000. the suit seeks one measure $30 million from the bank owners and executives. the fdic which insures banks is expected to sue other failed local banks are spending practices. >>and oak lawn coppel has purchased the iowa farm where the 1989 classic " field of dreams " was filmed. bob jordan is live in the loop with reaction from the couple >>that was a great movie a baseball classic called field of dreams ... now a chicago couple said they want to go to iowa to buy the area around those legendary corn fields said that kids can go there to play baseball they believe in the same mantra of that movie if you build it they will come ... >>we believe the impossible the incredible comes true >>the incredible will come true for denise and mike spillman when they close on that farm and i a one known as the f

. >> on april 13, the federal reserve board and the federal insurance corp. issued a joint report summarizing results of a horizontal review. you found critical weaknesses. foreclosure documents and oversight and monitoring of third-party vendors which resulted in unsafe and unsound violations. simultaneously, it you entered into a consent orders with these third-party service providers third-party service providers which required

now he is heading a new agency, new department at the federal deposit and insurance corp.led office complex of financial institutions. what he has to do is make sure the largest banks in the u.s., top 22 banks, are not doing things that will get them into trouble, and did they get into trouble, then he will do what he did with the smaller banks. host: let's step back. when you talk about largest bank, what defines a large bank? guest: under dodd-frank law, which passed last year, his office is responsible for banks that are bigger than $100 billion in assets, and that is 22 banks right now. we know a lot of those names like citibank and bankamerica and wells fargo, and also foreign banks that are based in europe like deutsche bank and hsbc. host: you said he looks at them specifically to monitor them to see if they get in trouble. what does get in trouble me in that instance? trouble mean in that instance? guest: they monitor these. they have comptroller's of the bigger banks and monitor what they do. the make sure their risks they take are not outside risk, but the fdic w

workers compensation safe food and drugs a balanced federal budget and the f.d.i.c to insure your back deposits clean air and water the g.i. bill and peace corps student grant home long programs employer paid vacations pensions and medical insurance national parks and municipal fire departments as j.f.k. said in one nine hundred sixty. minutes mean when they apply what is legal several years by little they know that a lot of people who believe someone who really saw him get it policies abroad and will against local government and who would not be concerned with the fact they are no then the record of this body and it's going to demonstrate that we are not that kind of liberal but if by a liberal they mean someone who looks like they are and not behind someone who welcomes new ideas but i read your reactions to someone who cares about the welfare of the people their health their home their schools their job davis they're all right dan didn't they will have a decent standard who believe that we didn't break through the stalemate and begin that rebuttal in our politics that brought it back to what they mean by a liberal then to say that i'm a lib

federal budget and the f.d.i.c to ensure you're back because it's clean air and water the g.i. bill and peace corps student grant and long programs employer paid vacations and sions and medical insurance national parks and municipal fire departments as j.f.k. said in one nine hundred sixty. what do our own it's need when they apply it was able several yet by liberal they mean it they want people to believe someone who is going to change policies abroad who will against local government and who are going concern with the taxpayer stomach then the record of this body and it not just demonstrate that we are not that kind of liberal but if by a liberal they mean someone who looks like they are not behind someone who welcomes new ideas but i don't really get reactions some i don't care about the welfare of the people their health their home their schools their job their civil right down there to live a decent someone who believes that we can break through the stalemate and the big hint that. in our policy the broader it is but they mean by a liberal then i have to say that i'm a liberal. liberals did all those things i like i listed and what were the conservatives doing the whole time sayi