programs, a leading provider of micro loans in california, and has a robust community real estate finance unit. next, we have the ceo of ne community federal credit union. since 1988, she has been the ceo of northwest community federal credit union. under her watch, the credit union group to over 1600 members. it has become the national model for institutions seeking to provide financial education and

finance unit. it's pretty hard to sell cars.lding the finance unit which he has control of. the u.s. government has already dropped $17 billion into g.m. ac now called allied. g.m. needs allied back, but the obama administration is saying, you know what, we're not writing another check for mr. singer and his partner. it's not that he's going after romney, but he's saying we paid enough. we paid enough. plus on top of that we have the obama administration who has gone into court to stop singer's vulture fund with their silent partner mr. romney from attacking the nation of argentina. and singer is lived, livid. the romneys have made $115 million. they confirmed they made the money. they're not saying how much, but they're confirming that they made the profits. >> cenk: part of the reason why they're not releasing their taxes they don't want you to know how much they made. greg palast, thank you so much for joining us on "the young turks." >> thank you kemp. >> cenk: now when we come back well how are the senate races doing? you k

the firm is selling its canadian auto finance unit to royal bank of canada for $4.1 billion of interesto taxpayers. a chunk of that money will be used to pay off ally's $17.2 billion bailout. ally has already paid back the treasury $5.8 billion. target is taking a new aim with its credit cards. the retailer sold its credit card portfolio to td bank for $5.9 billion. from here, td bank can underwrite, fund and manage risk for future target credit cards. the retailer will, however, continue to earn a majority of the profits from credit card users. supervalu may be getting a new owner. reports say cerberus capital management is working on getting $4 to $5 billion in debt financing to bid for the grocery store operator. other investment firms are also interested in buying parts of the business. cerberus wants the entire company. supervalu owns jewel-osco, save-a-lot and albertson's chains, and has struggled to compete against walmart and kroger. this week's earnings are a mixed package. 3m missed analysts' expectations, and its cfo has a "cautious outlook." dupont also missed the mark and i

programs, a leading provider of micro loans in california, and has a robust community real estate finance unit. next, we have the ceo of ne community federal credit union. since 1988, she has been the ceo of northwest community federal credit union. under her watch, the credit union group to over 1600 members. it has become the national model for institutions seeking to provide financial education and banking services to the low- income communities. 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

originally conceived as ownership housing with 66 units presently built, the development has been reprogrammed and as affordable rental housing. and this financing will enable the sponsor to complete the remaining 130 units. this development is significant because it has been undertaken without any city financial contributions and all unit also be affordable to households earning no more than 60% ami, or 61,800 for a family of four with 43 units specifically restricted to more than 50% or 61,500 for a family of four. to develop the units without city dollars, the sponsors, holiday development, l & m development partners and bayview hunters point multipurpose senior services structured a complex transaction that will realize cost savings from below market rate financing provided by citibank and gain additional development resources from tax credit equity provided by wells fargo bank. with your support for this resolution we anticipate financing will close within the next two weeks, with the sponsor issuing a notice to proceed shortly thereafter. the first phase of unit also be occupied by april 2013, with the final 130 units completed by april of

if you take a look at the global economy, the g-20, the eminent group of finance ministers, the united states is number one. we are the largest economy in th

you only have done a single family home, remodel projects, did you prux and you ask for financing for a nine unit project that is more units they laugh at you as you're walking out the door with your head down, so this is the only way by changing the rules. that's the only way we can produce five to nine unit projects in the city again. as i say i congratulate every one getting behind these projects. we know they're not built. now that we're back here we will see them being built again. it's a good thing for the builders and the homeowners and a general good thing for the city. thank you. >> good afternoon supervisors. elizabeth moore with shamrock streels company. we all know that these projects have declined since the passage of this legislation and obviously that results in reduced economic activity for the city, but specifically as a passionate advocate for efficient land use the department has a mandate to increase obviously in fill housing and under utilized sites and most are zoned for these projects and it resulted in a lot of unused land sitting there begging to provide housing for much

some legal analysts are comparing this case to the landmark campaign finance ruling in citizens unitedn 2010. the court is now being asked to decide if corporations have the same responsibilities as individuals for violating human rights internationally. to find out more about the implications of this, we are joined by the legal director of the center for constitutional rights, the hair as me. talk about the case. talk about what happened in the early 1990's in nigeria. >> good to be here. royal dutch petroleum, shell, long had a presence in nigeria and ever cash and was exploiting natural resources there for profit. in the 1990's, and in one grass- roots movement, particularly among the ogoni tribe, sought to over their's control natural resources. in response, shell, with collaboration from the government, pressed those protesters and engaged with the nigerian government in torture, extrajudicial killings, and a range of other human rights abuses, it in order for the joint enterprise between the nine jiggering government, shell corporation could proceed. >> i wanted to ask you what t

my conference with one of the most important and powerful women in the world of finance and the warning for the uniteds. >>> brewing up profits the ceo who can fix with ales, starts up companies and raising a glad and lending a hand. >> didn't get enough matt damon last week? neither did we. "the wall street journal report" starts right now. now, maria bartiromo. >> here's a look at what's making news as we head into a new week. another blow to investor confidence, a big blunder in the release of google's earnings on thursday. they came out hours before they were scheduled to be released. the company said it was due to a mistake by the financial printer r.r. donnelley which in turn blamed humor error. the earnings weren't even good. they missed on revenue and profit and the stock plummeted. the company announcing the sudden departure of pandit, he was reto be repoliced by michael corps bit, a citigroup insider. i spoke to mr. pandit soon after his resignation and said it was my decision and it was time and after five years i accomplished what i set out to do. after other signs of a technology slowdown

finance. you know, we had a citizens united decision which allows corporations to spend on politics. e also recently had the opinion by the supreme court striking down a public financing program in arizona. and my kind of new version of campaign finance is that we shouldn't focus exclusively on preventing the corruption and we shouldn't focus exclusively on noeth rules and just money at a speech and spend as you want. i think what we should do is encourage participation by as many people as possible. we definitely have a norm in voting that we want everyone to vote. why don't we have a similar norman terms of money in politics where we want everyone to give a contribution. it can be $10,000 contribution but if more people participated in the financing of campaigns i think politicians would be frankly left holding a particular larger contributor to now give the bulk of the money politicians received some kind of carrying this participation theme from voting over to the money and politics. >> here is the original cover of "skilling democracy," and in the paper back came out. any reason

engages in frcking causing cows to drop dead and poisoning water sources is an issue also financed in part by the unitedamily of the united arab emirates. how investors are they and energy independence? the uae would benefit usually from a less hydraulic fracking. the press relies on the white house leaks now the white house accused of a quote -- cover-up and stonewalling. will the voters take notice? there they are. ♪ [ male announcer ] how do you make 70,000 trades a second... ♪ reach one customer at a time? ♪ or help doctors turn billions of bytes of shared information... ♪ into a fifth anniversary of remission? ♪ whatever your business challenge, dell has the technology and services to help you solve it. lou: joining me now the "a team" angelo mcglowan and the executive editor of "the weekly standard", fred standard", fred, there is not a chance i would begin with you tonight. [laughter] president obama is rushing romney nearly every poll. is this over? >> absolutely not. i do not believe the this is a runaway. why will be trust these guys now? should i say it is a ploy to get people not to vote to?

: no one knows what this is, but it is one of the most powerful and important financing mechanisms for business in the united >> some people think we're tv. >> gavin: are we rebranding? what is it. >> we're a long time and acknowledgment that exports were harder to finance harder to create sales overseas and to create good jobs. that's what we do. not so much u.s. jobs, create be jobs here in the united states, and by exporting our products overseas. everything from large boeing aircraft to hair care products from san monica. >> gavin: so you fill a void between trillion banks who don't want the political risks money? >> there are a couple of things that get in the way. one, some products are hard to finance. airplanes, satellites, they're big, and banks are not in the business to making loans past five years these days. sometimes it's products. i was in mongolia, south africa, mozambique columbia, they're harder markets. sometimes it's the market. sometimes it's the product. and generally frankly small business is harder no matter where it is, even in this country. we do a lot of small business. almost 90%

finance had something like fifteen percent of corporate profits in the united states today that share has been roughly forty percent there is just absolutely no justification for this kind of rent seeking off of the rest of the economy you know peter if we if we can go back to you in new york a lot of the austerity cut jobs created out of employment actually. right so i think that's been a problem at the same time let's look at the other and one of my favorite statistics is the average unemployment rate in spain is about twenty two months it's no coincidence that unemployment benefits run out at twenty four months so there's definitely a certain subsector that looks like that they wait their twenty two months watching the football and then hey i better go find a job and they find a job and buy one of their buddies gets laid off and goes on his two year semi you know funded vacation so obviously that's a bit of an extreme example but there are problems with the benefits system right it doesn't encourage people to go back to work sometimes it's too you know beneficial that can't necessa

engages in frcking causing cows to drop dead and poisoning water sources is an issue also financed in part by the unitednited arab emirates. how investors are they and energy independence? the uae would benefit usually from a less hydraulic fracking. the press relies on the white house leaks now the white house accused of a quote -- cover-up and stonewalling. will the voters take notice? there they are. there they are. the "a team" seems they haven't been moving much lately. but things are starting to turn around because of business people like you. and regions is here to help. with the experience and service to keep things rolling. from business loans to cash management, we want to be your partner moving forward. so switch to regions. and let's get going. together. -oh, that's just my buds. -bacon. -my taste buds. -[ taste buds ] donuts. how about we try this new kind of fiber one cereal? you think you're going to slip some fiber by us? okay. ♪ fiber one is gonna make you smile. ♪ [ male announcer ] introducing new fiber one nutty clusters and almonds. lou: joining me now the "a team" angelo mcglowan a

finance it. there are a lot of movies that undermine capitalism. don't forget the unitedtitor for natural gas so of course they will do the antinatural gas movie. they're pro-oil. >> greg: matt damon undermining american interest with an evil conglomerate. isn't that the plot of the movie he rails against? >> andrea: who is against hydrofracking? environmentalists. this is taking dirty money to fund the money. interesting, liberals all the time in hollywood like to say i am getting to the bottom of it. this movie is anti-wine movie. paid for by budweiser. >> dana: medical marijuana -- >> andrea: it's the same. liberals make big oil. >> dana: filmed it, the epa tried to make, prove it was environmental damage and they were embarrassed because they couldn't produce results. >> greg: why does matt damon hate america? >> bob: who is cameron? >> andrea: "growing pains." >> greg: original matt damon. >> eric: you did the mondale campaign when that was popular. >> bob: you were playing stalin in the model u.n. i don't think he hates america. he likes making money. i will say tha

campaign the issue of campaign finance has been complicated by decision of the united states supreme court called citizens united which held that there's a first amendment right for corporations labor unions to spend unlimited amounts of money as long as they don't coordinate it with a particular candidate the coordination is really a joke because they have people who have worked with the candidate for fifty years they know exactly what the candidate once said and then runs these so-called independent expenditure groups and spends twenty thirty fifty one hundred million dollars it could be an individual like sheldon adelson who's put in twenty thirty million to romney's campaign the democrats are a stop from complaining about it because they go get money from the george soros isn't super rich in hollywood and of course the media and some sentence joyce said because where's that money spent on advertising the t.v. advertising you know rates and they make huge amounts of money off of carrying these ads but i want to go back to i think to the central point you made these critical issues

of the united arab emirates now the finance ministry and the size of bank expect this year's outflow to be around sixty to sixty five billion dollars but the deputy minister of economic development believes it will be a last year's level of eighty four billion dollars. into the numbers suggest that flu is unfortunately continuing and accelerating this is due to a number of factors and ways related with favorable business climate because we are seeing an influx of foreign investment maybe it's not coming at the pace we would like but it is coming capital is leaving the country as everyone is consolidating revenues in the current environment and that should be joint think. this year the level of maybe just a little bit less. than that quick look at international markets as i mentioned european investors don't seem to be bothered by the spanish downgrade or the financial stability in spain or greece was that the. percentage of that's over a half a percent there were a negative territory earlier on in the session right now they're more focused on corporate earnings for later out this wee

of the united arab emirates now the finance ministry and the central bank expect this year's outflow to be around sixty to sixty five billion dollars what's the deputy minister of economic development believes it will be at last year's level of eighty four billion dollars. the third quarter numbers suggest that outflow is unfortunately continuing and accelerating this is due to a number of factors and there are ways related with an unfavorable business climate because we are seeing an influx of foreign investments maybe it's not coming at the pace we would like but it is coming capital is leaving the country as everyone is. revenues in the current environment and that should be. think. this year will be at the level of maybe just a little bit less. than a quick look at some international markets and also the spanish downgrade this credit rating doesn't seem to have had much of an impact on investor we see that both of us and the diets are adding and back when it comes to spanish stock market of course it's a drop in but even the losses there are not that significant move unknown to t

of the united arab emirates and the finance ministry and the central bank expect this year's outflow to be around sixty to sixty five billion dollars but the deputy minister of economic development believes it will be at last year's level of eighty four billion. dollars the third quarter numbers suggest that overflew is unfortunately continuing and accelerating this is due to a number of factors and they are not always related with an unfavorable business climate because we are seeing an inflow of foreign investment maybe it's not coming into place we would like but it is coming capital is leaving the country as everyone is consolidating revenues in the current environment and that should be borne in mind so we think the truth. this year will be at the level of last year maybe just a little bit less but. now let's move to the markets and right now we are seeing the situation improving in europe it's marginally ignoring the basically the fact that spain's credit rating has been cut down to triple b. minus which is one notch away from junk status and that's on the back of a jobs report

of the united arab emirates now the finance ministry and the central bank say they expect this year's outflow to be around sixty to sixty five billion dollars but that that meets the minister of economic development believes it will be at last year's level which is eighty four billion dollars. the numbers suggest that flu is unfortunately continuing and accelerating much of this is due to a number of. ways related. to business climate because we are seeing an inflow of foreign investment maybe it's coming at the pace we would like to visit coming capital leaving the country as everyone is consolidating revenues in the current environment and that should be. think. this year. maybe just a little bit less. that international markets are in with europe many analysts about today we will see the markets going down that was because of the credit rating downgrade. things have turned around. and that over a half a percent in the corporate earnings reports of a common days will be expecting those and investors sensor react to that but now let's talk about the global wealth trends because credi

principal amount not to exceed $70,000,000 for the purpose of providing financing for the acquisition and construction of a 196-unit multi-family residential rental housing project located at 833-881 jamestown street, known as candlestick heights apartments: 1) approving the form of and authorizing the execution of a funding loan agreement; 2) approving the form of and authorizing the execution of a borrower loan agreement; 3) providing the terms and conditions of the note and authorizing the execution and delivery thereof; 4) approving the form of and authorizing the execution of a regulatory agreement and declaration of restrictive covenants; 5) authorizing the collection of certain fees; 6) approving modifications, changes, and additions to the documents; 7) granting general authority to city officials to take actions necessary to implement this resolution; and 8) ratifying and approving any action heretofore taken in connection with the note and the project. >> same house same call. this resolution is adopted. next item. >> item 8 is from the budget and finance committee without recommendation. the resolution a

journalist simply for reporting the truth hear talk more about this and the effect citizens united is having on campaign finance in the elections i'm joined by andy. a core organizer of the july protest and co-founder of sparrow media dot net andy thank you so much for coming on things you have to me so before we get into the koch brothers protests and everything that happened afterward talk a little bit about what the sparrow project is well the sparrow project is a p.r. agency that myself and the few friends of mine put together essentially filling a vacancy that activists needed when they needed p.r. representation major corporations and politicians have access to p.r. because of the money that they have most grassroots activist groups don't have that kind of money and so what we set out to do is we decided to bring together people that have p.r. experience and marketing experience and then lend those talents to activist groups that have great logical causes that we want to fight for and we help deliver their message the mainstream media and also subversive media to try and extend their reach ok so you have

expend 1.5 million as calhome state financing, we'll be using the program to assist with home buyer's payment assistance as well as doing rehabilitation for owner occupied units, this is our fifth allocation of calhome founds, its's an example of how we're using state financing in a very successful way. >> on this item, do we have a budget analyst report? >> no, we don't. >> any question fwrs the committee, if not, let's go to public comment for this item? are there any members of the public who wish to speak on this item? seeing none, public comment is closed. okay, we have a motion by supervisor avalos, with recommendation we'll forward it, thank you, item 4 had. >> item number 4, resolution authorizing the san francisco department of public health to retroactively accept and expend a grant in the amount of 109 thousand 492 dollars from california environmental protection agency to participate in a program entitled certified unified program agency electronic reporting for the period of january 1, 2010 through march 31, 2013 waiving indirect cost. >> thank you, we have a representative from dph. >> good morning, supervisor chu and supervisors avalos and kim.

united. he's been a leading force in the restructuring of campaign finance law. i caught up with him at his office in terre haute, indiana, and he told me why he believes secrecy is actually good for the political process. >> for people to participate in our democracy, citizens, they have to be able to talk about issues. and it's very important that that be protected, and the first amendment intended that that be protected. if they can't talk about issues because they're afraid that the federal election commission is going to investigate them or they're going to be complained about, or they're going to have to file a report, or they're going to have to do this and do that, then they are driven out of our democracy. >> ryssdal: bopp says disclosure laws keep people from participating in politics. >> anonymity for citizens is a very important concept because people are very reticent to contribute to overtly political entities. associating yourself with political causes is much more controversial than giving to the local hospital. >> ryssdal: conservative political

my conversation with one of the most important women in finance and the warning christine lagarde has for the united states. >>> brewing up profits the ceo who can fix what ails startup companies and a program to raise a glad glass and lend a hand. >>> didn't get enough matt damon last week? neither did we. the "wall street journal report" begins right now. >> this is america's number one financial news program, "wall street journal report." now maria bartiromo. >>> here's a look at what is making news as we head to a new week on wall street. a big blunder many the release of google's earnings on thursday. the earnings came out midday, hours before they were scheduled to be released. the company says it was due to a mistake by the financial printer r.r. donnelly, which in turn blamed human error. the earnings weren't good. google missed on revenue and profit and the stock plummeted. >>> and citigroup announced the departure of vikram pandit after a clash with the board of directors he was to be replaced by michael corbat who with was a citigroup insider. i spoke to him soon after his rez ig nation a