also speaking former new orleans mayor marc morial and former ceo of fannie mae, franklin raines. this is about an hour 40 minutes. >> but thank you all for coming. it's going to be difficult. i hope most of you have had a chance to eat your entree already. just to show you they don't favor the head table, ours didn't show up. so our guests are starving. perhaps they'll it be more animated in this conversation. soful c-span is ready and the other cameras, are we ready? just give me the cue. okay. so i just want to say my name's john taylor, the president ceo of the national community reinvestment coalition. welcome to this very important discussion about the future of housing in america. ncrc is pleased to welcome a distinguished panel of experts to join us in this critical conversation about housing. home ownership, the mortgage market, about foreclosures our panelists this year include joseph smith, the former banking commissioner of north carolina. he earned critical acclaim -- if you could hold your applause. i know joe wants the applause now. >> it's been great to be with you

franklin raines to my left. franklin raines is a rhodes scholar. he once served at the omb director under president clinton and is also recognized as a first african american is a partner and the former ceo of fannie mae. to my left also is hubert van tol, hubert is the director of economic justice for pathstone. he is a member of an organization that provides lending, housing, and job training for services. he is a pilot member of the board of directors and has also served on the federal reserve of consumers advisory council. to my far left is mark calabria. are you laughing at my accent and? [laughter] [laughter] >> he is from the cato institute. he is the director of financial studies at cato institute. before that, he served for six years and is a republican senator for alabama. to my far left, julianne malveaux has served on the federal reserve advisory council and is currently part of r. dreiser in committee. also we have marc morial, who is from new orleans. [laughter] [laughter] [applause] >> more important for us, he is the president and c

i think that franklin raines made a very important point.it strikes me as absolutely wrong to suggest that homeownership is not essential to the future of the american dream. and it strikes me as an important and public change in a narrative for which there was a consensus for decades and decades. when that consensus emerged, in the post-world war ii period, we grew a middle class. we built strong neighborhoods and communities. it was not absolutely perfect, and there were many mistakes made. i challenge those who suggest that homeownership should not be a central part of the american dream. it is their policy to house the nation. why is it that whenever we go to some old south, apartment flat? is that what they are suggesting? is that what it is? i call the question. i call the question for those who say that homeownership is at an american dream. what is that? we have to recognize that there is a nation that has to be housed. there is a growing nation that has to be housed. >> so this is a question that i interrupted franklin raines about.

conference will also feature national urban league president mark moriel and former ceo of fannie mae, franklin raines. that's live today at 1:00 p.m. eastern on c-span. >>> and later, republican presidential candidate mitt romney and arizona senator john mccain are speaking at the republican national committee's state chairmen's meeting. the event is taking place at the princess hotel in scottsdale, arizona. rens pree vis will also speak at the luncheon. that's 3:45 p.m. eastern also on c-span. >>> from the colonial era, prohibition, to today, drinking for better or worse has always been a part of the american landscape. "saturday night live" on american history tv, a history of alcohol in america. watch our simulcast of "backstory" with the american hisly ri guys. host ed ayers, brian ballo regale with tales of beer. this weekend on c-span3. >>> on wednesday, the senate budget committee held a hearing to consider chairman kent conrad's 2013 budget resolution. the proposal is based on the bowles/simpson plan and includes $5.4 trillion in deficit reduction over ten years. during the hearing, the budge

franklin raines is to my left. once served as the director for president clinton. best known as the former ceo of fannie mae. he has also served on the federal reserve board. he is on my far right. working for the republican senator from alabama. on my left, he has represented low-income owners forever. his current lay a counselor to the national consumer law center. former mayor of new orleans. former ceo of the national urban league. has become a respected national organization. they're asking if we have the ability to make an inclusive society. that we have the opportunity to build a safe and comfortable future for ourselves and our families. dealing with problems of massive debt and high employment. they're increasingly divided our country into warring political camps if the men. we are destructive from reaching real common-sense solutions to our economic and social problems. wolf as a client for middle- class people of all races. austria graphically how this manifests itself. a sanofi will capture it. we are talking about the disparity between the haves and ha

franklin raines to my left is a scholar, once served as the omb director for president clinton, and isognized as the first african-american to be a partner of a private wall street firm. perhaps best known for being the former ceo of fannie mae. to my left also is the director of economic justice for capstone, anncrc member organization. hubert is dave kerr member of the board of directors. also served on the federal reserve board consumer advisory council. to my far right, mark. he is from the cato institute. he is the director of financial services studies. before that, he served for six years on the senate banking committee working for senator shelby, republican senator from alabama. to my far left, has represented low income home owners since 1994. she served on the federal reserve board consumer finance council and the board of directors of the ncrc, and is currently counsel to the law center. marc morial to my right. for mayor of baltimore -- new orleans. >> get used to it. it will not be the only one. more importantly, for us, the present ceo of the national urban league. under

a live look outside at the rain and traffic on 795 north of franklin. this traffic report is brought to you by your toyota dealer. visit your toyota dealer today and test drive the reinvented 2012 camry, the all new camry, ready, are you? now it is time for a manic monday. ♪ just another manic monday. >> let's go right to ron matz. good morning. >> good morning, don and marty. it is manic monday in fells point. before we introduce the group, a couple of quick announcements if you're scheduled for manic monday on june 4, please get a hold of me. i think i may have scheduled two groups that day. so june 4, please contact me. i want to say hi to kelly in westminster. hope you're doing well. we got a little break in the rain here in fells point. we've got a group that rocked it last year. they're going to do it again this year. they hit the final five. the egyptian sun dancers. good morning. [ cheering ] >> ladies, great to see you again. how are you all doing? >> pretty good. a little chilly. >> well, i would guess so. >> yes. >> this is dory. you got a bi

franklin boulevard. southbound traffic is building heading towards owings mills. a smooth start down towards the beltway. this is the j.f.x. at coldspring rainno delays to report down towards the area. -- at coldspring. that is the latest on traffic pulse 11. >> baltimore city police make an arrest in the murder of phylicia barnes. >> this comes more than a year after her body was found floating in the susquehanna river. kim dacey has the late breaking details. what can you tell us? >> we don't have a lot of details. police did confirm that michael johnson was arrested in connection with phylicia barne'' death. he is the ex-boyfriend of her sister. she went missing while visiting her sister in baltimore in december of 2010. her body was found in the susquehanna river a few months later. her death was ruled a homicide. the attorney for michael johnson confirms his client was taken into custody late last night. johnson was the last person to see felicia alive. the family held a vigil in 2011, the one-year anniversary of the day she went missing. police indicated they were making progress on the investigation but wouldn't be specific. the famil

franklin boulevard. the j.f.x. is building in volume down towards the construction zone. this is 795. problem free down to the beltway. >> changing weather patterns. >> we will get a lot of rainthis weekend. today will be a nice day. scattered thunderstorms on saturday. a big storm coming up the coast on sunday and monday. it will turn at windy and cold with periods of rain. it could get bumpy, padding where that storm decides to go. >> thanks for joining us for 11 news today. >> we will be back with a live update at 7:25. >> have a good one. >> follow breaking news and weather any time at wbaltv.com, and stay connected with us on facebook and twitter. >> this is a wbal-tv 11 editorial from president and general manager dan joerres. >> maryland ranks third in the nation for complaints filed for fraud and ninth for identity theft complaints, according to the federal trade commission. for that reason, wbal-tv 11 is proud to join the greater maryland better business bureau for its third annual bbb shred day. disposing of documents is the first step against identity theft and fraud. local residents and businesses can bring up to three boxes of personally identifiable documents fo