freddie roach and peter berg have teamed up for a series on hbo called "on freddie roach." that is our show for tonight. until next time, keep the faith. >> for more information on today's show, visit tavis smiley at pbs.org. tavis: hi, i'm tavis smiley. join me next time for a conversation with jonathan demme on his new project on rock icon the young. >> every community has a martin luther king boulevard. it's the cornerstone we all know. it's not just a street or boulevard, but a place where walmart stands together with your community to make every day better. >> and by contributions to your pbs station from viewers like you. thank you. >> be more. pbs. >> be more. pbs.

and that's fannie and freddie must go. why, there's no reason to have them if they're going to have market capital requirements. why have a monopolist -- what's the point? and we all know, monopoly isn't supposed to be good. so that's getting a lot of discussion. ginnie mae and the home loan banks. ginnie mae didn't fail, but fha is deeply under water now. once you shift the risk from fannie mae to freddie mac, who knows how they'll bail that out. home loan banks never failed, because they over collateralized. regul regulatory arbitrage. that's why when he went into indymac, the banks had half the collateral and there was nothing left for the fdic. this is my last slide. securitization should go, because it's inherently undercapitalized. and i would say that the capital requirements should be transparent, covered bonds have extra -- more capital requirements, but they tend to have over collateralization, just like i did in my first bond deal, because the investors don't trust the regulators, the quality of the capital or t

i have one slide left on fannie and freddie. had there been no private label securitization market, fannie mae and freddie mac could have still called a systemic crisis because they had no way of generating. it's possible that politicians would have relieved them of that goal and just ignored it. with private label securitization going over the cliff, the market share mandate was going to force them to do this. now, there's been a lot of defenses that have since been offered for fannie mae and freddie mac. one is they followed and were led. when i tried that excuse with my mother, she said what did you do, i said everybody else was doing it so we did it, that excuse didn't work very well. what if everybody else was jumping over a cliff to their death, would you jump over a cliff to your death? no. they weren't followers, they were leaders. except for one period when prudential regulation trumped mission regulation.

and, again, that was not something that freddie and fannie necessarily took in place. i will note, we have procedures in law put into the housing and economic recovery act of 2008 where there are receivership provisions to wind down freddie and fannie. the dodd/frank liquidation provisions mirror those to some extent. so put it this way. if you believe that dodd/frank gives us the power to wind down jpmorgan or citibank, you must by analogy believe we have the power to wind down freddie and fannie. if you believe we don't, then we don't. with that, i really want to thank our audience, and, again, emphasize both papers are online. i believe we have copies here, as well. and i know kevin is going to hang around to answer any other questions. thank you. >> thanks for coming. >>> here's a look at programs this afternoon. coming up, girl scout ceo an amarie chavez. then a hearing on railroad and highway security. that's followed by a discussion on this month's presidential elections in egypt, the runoff election june 16th and 17th. >>> on the other c-span networks, the atla

tonight a conversation with trainer freddie roach. he is the subject of a new series on hbo called "on freddie roach." he now suffers from parkinson's but continues to train some of the biggest names including manny pacquiao. we're glad you have joined us. freddie roach and peter berg coming up right now. >> every community has a martin luther king boulevard. it's the cornerstone we all know. it's not just a street or boulevard, but a place where walmart stands together with your community to make every day better. >> and by contributions to your pbs station from viewers like you. thank you. tavis: freddie roach has been a force in boxing for many years now. he has served as a trainer for many champions including manny pacquiao. he has teamed up for a new series called "on freddie roach ." here are some scenes. >> boxing was part of life. somewhere along the way, eddie started to like the sport. >> i was 27 years old and found something i was better at than boxing. when that day came, everything changed. i do not think about parkinson

//////vo///freddie gilbert was 0--year old "point man" in that battlea leading fellow grunts into thettnnmaking first contact with the enemya& contact with the making first bussa& offen grunts into the leading fellow battlea"point maa" in that was a 20--year &pold frrddie gilbert ///vo/// freddie gilbert was a 20--year old "point man" in that battlea&leading fellow grunts into theebusha oftenn making first contact with the enemya& the average life- expectancy for a "poont-man" in battlea((takk sot)) freddie 12 mins in 759ish the lifespan of a poont man in vietnam wass15 to 22 econds ///vo/// preeidenttnixxn neighboring cambodia anddlaos hidden, which meant the battle of ripcord was strictly coverta& practically no-one knew that these men were under constant attack by 3 vastly superior forcesa& ((take sot)) 811 squad leader ///vo// parcc thru july 1970, the 101st march thru ///vo//leader 811 squad ((take sot))forcesasuperior attack by vastly superior forcesa((take sot)) 811 squad eader ///vo// march thru jull 1970, the 6--to--1....surrounded by nearly 30--thoussnd north viettameseethou

they were stuck at 65% when fannie and freddie were down to zero. they grew their market share to 50%. the homeownership rate stuck at 65%. it wasn't at all clear how the home ownership rate was going to get to 70%. so the question is how does fannie and freddie subsidize the homeownership rate to 70% and to make loans more affordable for low income borrowers. there's the irrelevance theorem that came out in the 1950s. it says for any firm, for any bank, for any finance company, for any pool of mortgages, your total funding cost is the same regardless of how you decide to fund it. debt, equity, anything else. makes perfect sense. and the more the risk, the higher the funding cost will be to fund that risk. the well-known exception to that which turns out to be fundamental for understanding the mortgage markets was tax. that is debt is deductible and equity returns aren't deductible. there's a big difference in costs. the second biggest exception is that with agency status, no matter how little equity you have or how much loan risk you have, your deb

prior to his work at freddie mac, he was chief economist for hud. kevin has held a variety of teaching positions including positions at the university of southern california. he's also helded adjunct positis at purdue and george mason university. certainly gets around the academic circle quite a bit. dr. villani has been instrumental in the development and an introduction of many of the innovative financial instruments currently in use. he has written or co-authored approximately 100 books and articles and has edited several academic journals. he has a b.s. in mathematics from the university of massachusetts at amherst and a ph.d. from purdue. perhaps more importantly than any of those accomplishments, at least in my view, kevin is also the author of two recent cato policy papers. the most recent paper is "what made the financial crisis systemic" while his early paper is "the subprime lending debacle." both of these can be found online at www.cato.org. i want to welcome kevin to the podium. [ applause ] >> thank you very much, mark. i want to thank

for freddie roach, it's merely the latest wait point in a hall of fame career.rience. >> i don't really think about the people right now. i don't really think about all the eyes are on us. i think that if i sit for a minute and think about it, it would affect me. i don't. all we have to do is just put it together that night. >> for tim bradley sr., faith in his son has only grown since their arrival in vegas. >> greatly proud of my little man. words just can't express, you know, the greatness of him and what he's going to achieve and show the world, that he is number one guy in the world. >> he's confident, but that can all change when the bell rings. i have a ton of confidence in my fighter. i never go into a fight thinking that we'll lose. the physical part i can control. the mental part he controls. i've never seen him better mentally. >> roach has worked with 31 different title holders, a vast portfolio of experience that taught him to be weary of young champions in the biggest moments of their careers. >> a win will change his life forever. usually guys fig

not a lot but it will be okay. >> announcer: freddie roach!. >> for the past 20 years this is how tim bradley, sr., the man they call big ray, has begun his day, heading to his job as discipline security officer at cathedral city high school. >> i go to school first and then middle of the day i go to the gym, hole joel diaz train my son. then after that i go back and do what i do. >> for a monday who has long prided himself keeping his body in peak condition, working on wheels is a good fit. close to 3,000 students attend the school, all of them well acquainted with the figure on the mountain bike. >> i watch the body language, watching their hand, watching what they nut their mouth, watching their eyes, see if their eyes are okay. there's a lot of stuff you got to watch. >> what's going on? >> what's going on? they're filming me watching you guys go to class so don't be late. >> i am. i'm going right now. bye-bye. >> i don't care what wrong you do but don't bull [ bleep ] me. you bull [ bleep ] me, you don't got a relationship. i'm going to d

want to say thank you also. >> that was freddie. he wanted to thank the people involved in his life who helped get him clean. freddie sharp, good luck. if you're thinking of trying this, there's a lesson, don't. there's websites that offer a lot of information and ways to get help. drugabuse.gov is just one of them. almost tastes like one of jack's cereals. fiber one. uh, forgot jack's cereal. [ jack ] what's for breakfast? um... y the number one! [ jack ] yeah, this is pretty good. [ male announcer ] half a day's worth of fiber. fiber one. >>> so you hear about it in china or india, but is it really a problem here in the united states? i'm talking about women choosing to end their pregnancies based on whether the baby is a boy or a girl. yesterday on capital hill, a bill before the house sought to ban abortions based only on the unborn baby's gender. more often than not, girls rejected by parents who prefer baby boys. the bill would have punished doctors, fined clinics and thrown abortion providers in prison. the bill needed a 2/3

. >> in the cases of aig, gm, fannie mae, freddie mac. and could we have order among some of the staff? thank you. this is how the system is supposed to work. those who take the risk are the ones who suffer the loss or realize the gain. it stands in sharp contrast to the regime of funded bail outs. we've experienced in the cases of aig, gm, fannie mae, freddie mac and slin dra. because the bank has more than sufficient capital, the overall system is protected by being brought down from the mistakes of an institution that is deemed too big to fail. the most important lesson to be learned has nothing to do with any of the 400-plus rules found in the 2300-page dodd frank act, the most important lesson is how safe the capital is to our overall financial system and there is no capital or liquidity problem at jpmorgan and i think that is say primary concern that regulators, you're to be complimented that you've ensured that there is sufficient capital at that institution. a bank with sufficient capital is able to absorb losses, whether they're

freddie sharp, good luck.for those of you out there, if you're thinking of trying this, there's a lesson, don't. there's websites that offer a lot of information and ways to get help. drugabuse.gov is just one of them. [ male announcer ] we began with the rx. ♪ then we turned the page, creating the rx hybrid. ♪ now we've turned the page again with the all-new rx f sport. ♪ this is the next chapter for the rx. this is the next chapter for lexus. this is the pursuit of perfection. fight both fast with new tums freshers! concentrated relief that goes to work in seconds and freshens breath. new tums freshers. ♪ tum...tum...tum...tum... tums! ♪ [ male announcer ] fast relief, fresh breath, all in a pocket sized pack. >>> so you hear about it in china or india, but is it really a problem here in the united states? i'm talking about women choosing to end their pregnancies based on whether the baby is a boy or a girl. yesterday on capital hill, a bill before the house sought to ban abortions based only on the unborn b

want to say thank you also. >> that was freddie.ople involved in his life who helped get him clean. freddie sharp, good luck. if you're thinking of trying this, there's a lesson, don't. there's websites that offer a lot of information and ways to get help. drugabuse.gov is just one of them. the right amount of light. so you see everything the way it's meant to be seen. experience life well lit, ask for transitions adaptive lenses. but if i grow this out a little bit, i look too much like an english country gent... naaah. a little this way and i feel like i'm from outer space. this and i feel like a viking... [ roars ] not my style, man. [ male announcer ] master your style... even trimming, a close shave, and accurate edging... with the new gillette fusion proglide styler. every inch of hair needs to be on point. ♪ >>> so you hear about it in china or india, but is it really a problem here in the united states? i'm talking about women choosing to end their pregnancies based on whether the baby is a boy or a girl. yesterday on capita

freddie mac and fannie mae.f they leave there is nothing left. i want to tell you what my recommendation is because it brings liquidity to the mortgage market that will bring about jobs and improve home sales and help access to affordability not just to veterans but all americans. freddie and fannie mae and bad mistake and securitized and guaranteed sub prime loans but that was forced on them by congress. congress told them to own 13% of its paper in affordable housing which of markets and wall street determined to be some prime borrowers so credit started getting prime loans and started defaulting when economy went down and guarantees got called against freddie and fanny and they lost $171 billion. that is a problem we will never correct and we got to solve with a new agency i propose which is the mortgage finance agency. the goal is to guarantee, securitized and rap residential mortgages and phase themselves out over period of time. put freddie and fannie into receivership like structured bankruptcy and wind t

mae and freddie mac who have lost $2 billion of taxpayer dollars. perhaps the committee could turn its attention to the gse's massive public losses when it completes its review of jpmorgan chase. thank you. >> thank you, senator shelby. this morning's opening statements will be limited to the chairman and the ranking member to allow more time for questions from the committee members. senator warner is a valuable member of this committee and is absent to attend his daughter's graduation but he will be submitting a statement and questions for the record. i want to remind my colleagues that the record will be open for the next seven days for opening statements and any other materials you'd like to submit. now i will introduce our witness. mr. jamie dimon as chairman of the board, president and chief executive officer at jpmorgan chase and company. mr. dimon, your full written statement will be included in the hearing record. please begin your testimony. >> chairman johnson, ranking member shelby and members of the committee, i'm appearing today to disc

put freddie -- frannie and fatty into receivership like structure bankruptcy -- frannie and freddie intoture bankruptcy. the recession still going on today was a recession of underwriting. we made bad loans to that are ours, people who were not prepared to be homeowners. when the foreclose, we had a crescendo of difficulties in the housing market. what is a qualified residential mortgage? you have to have 5% down payment. you have to a private mortgage insurance for 70% to 95%, and supplemental insurance for 50% to 70%, so that have the obligation of the taxpayer is already in short we make the loan. secondly, the borrower has to have an income that demonstrate they can make the payments. the borrower has to accredit report that shows they are irresponsible borut. they have to have title instruments that guarantee that is good. go back to the old-fashioned days of putting money down, having a job, having good credit. that way, when the securitized guaranteed loans, you are securitized loans that are not going to get foreclosed on. it will be repaid. one requirement of the mortgage financ

freddy's story is not unique, but it is unique because he is a survivor.o him this weekend. >> how do you describe your experience? because we see the video of you and it looks like you are having these wild hallucinations what was going on with you right there? >> it was a scary thing, whenever all that was going on, it was my overdose and everything. whenever that was going on, i never experienced anything like that, doing the bath salts. it scared me pretty bad, because i was hallucinating about being in an insane asylum basically and something about ji son vor hees and getting possessed by him and i felt all kinds of crazy. >> i want you to tell people, what was going on in your body, in your mind, in your head. what was happening to you? >> fear. darkness, just, anything like doom was coming down on me and like that i was possessed. and i couldn't stop whatever was in me for continuing further. i felt like i was going to bust loose, that is why i was wrapped up the way i was, and keeping my hands behind me, i felt i was going to bust loose and it was

if freddie mac and fannie mae leave, there sat the left. quickly and succinctly tell you my recommendation because it brings liquidity that will bring about jobs, improve home sales, help access and affordability notches to veterans, but all americans. yes, freddie and fannie securitize the guaranteed subprime loans, but basso is a mistake for us by congress. congress told them to own up to 13% of paper and affordable housing, which the markets and wall street determined to be subprime loan borrowers. soupy comics c&d started getting lost and started assaulting when the economy went down and they guarantee scott called against freddie and fannie and freddie and fannie lost 171 alien dollars. that is a problem will never correct and resurrect, but he probably will solve up a new propose, the mortgage finance agency, whose goal is to guarantee comes securitize residential mortgages, the phase themselves out over a ten-year period of time. if we put freddie and fannie from conservatorship to receivership with a structured bankruptcy and wind d

india america which remodeling through its kind of savings companies fannie mae and freddie macas the biggest financial disasters of all time remodeling mortgage insurance companies all of that happened and had nothing to do with classical. i mean of course neglects to mention the firms that were saved by bailouts but that aside is he of course going to protect his too big to fail status and monopoly because that's what allows and enables a firm like his to be a rent seeker well that's pure nonsense from chairman don i actually don't know how he gets away with that but just kind of take what he said for a moment you know there was a lot of stress and fannie and freddie and indy macin all that but why was that because the housing market was collapsing why was the housing market collapsing because of unsafe lending by banks and other originators and why was all that lending going on because wall street could package to the securities and sell to german banks who had no idea what they were buying so if you didn't have that wall street securitization machine and that wall street derivativ

one in participate is called harp, h-a-r-p program, and that's run by the gses, fannie and freddie, and their regulator, fhfa, and by the program, if you are underwater with your mortgage, in other words, if you owe more on your mortgage than your house is worth, you still may be able, under the program if your mortgage is held by fannie or freddie, may be able to pay with lower interest rates. that program is underway and being expanded. it doesn't necessarily work if your mortgage is being held by a bank because they are not part of the program, but may choose voluntarily to do it, but you may be out of luck if your mortgage is not held by fannie and freddie. there's programs like that. the fed is not involved with that, but our job is to keep interest rates low to help homeowners, but programs that allow people to get lower payments are helpful to those people because they'll face less financial stress and a small chance that they wille deling -- late on their mortgage. >> hi, i'm michael fineberg, thank you very much, mr. chairman. you mentioned in your lecture the dangers of deflat

i spoke to a bath salts user, freddie sharp, who od'ed on them and i asked him about it. >> i want you to tell people what was going on in your body, in your mind, in your head, what was going on to you? >> fear, darkness, just impending doom was coming down on me and like that i was possessed and kept trying to stop whatever was in me from continuing further. i felt like i was going to bust loose and actually hurt somebody. that was why i was wrapped up the position i was wrapped up in. i felt like something was going to happen and i was going to bust loose and it was going to be a really bad situation. >> my full interview in a moment. in the last week alone, we have seen several canabalism cases that police feel could be linked to bath salts, a man eats off 70% of another man's face, all of it caught on camera, and in maryland, a man accused of killing a friend and eating part of his heart and brain. a suspect stabs himself and hurls his intestines at police. and further north, another man kills his lover and tosses part of the body in the gaerbage and mailed the others. >>> this su

. >> estamos con freddy gonzales. >> tú estas en tu segunda temporada con los bravos de atlanta y como >> bueno, yo reemplaze a una leyenda y espero que el equipo me conozca un poco más, yo estoy cómodo y ellos también, es difícil en las grandes ligas. >> crees que es un granreto? >> "boby es para mi un padre y me gustaría estar en el playoff. >> cómo hicuste tú para superar eso? >> lo que pasamos nosotros en septiembre es algo que no se lo deseo a nadie, se aprenden cosas y vamos pa adelante, eso es lo que me gusto de el equipo de nosotros. >>qué crees queque tu que aprendiste de esta experiencia? >> a mi me dieron la oportunidad y yo quiero mejorar todos los años y yo creo que soy mejor casda año y las relaciones con el equipo y los dueños, una vez pasada esa experiencia tu no sabes como actuar, ahora me dan otra chance y me siento muy dichozo. >> los latinos dominan el diamante, por qué no hay otros como tú? >> yo creo que soy buen papel para otros muchachos que aspiran a ser dirigentes de las grandes ligas. >> gracias a raúl, pocos lo entienderon. >> deja, deja, vamos a una pausa p

freddie mac and fannie mae.hey guaranteed securitize and wrap loans presidential mortgage. mortgage. when they came under tremendous pressure, and i mean tremendous pressure, and a subprime crisis, freddie and fannie went under a lot of the rest and they became a wounded brand. and now are any conservatorship. demarco to a great job and quite frankly they're not the agency they really need to be. they aren't because the politics but there's got to be something to replace freddie and fannie. everybody says get rid of them. if you get rid of them didn't have anything to back them up. people forget that after, when the depression it, thanks got out of business of making loans. we pass laws to encourage savings and loans to be created and we gave them a preference against banks and interest so they could make loans. but after the 1986 tax act, the savings and loans went under because we had the rtc. they went down. what has replaced them? freddie mac and fannie mae. as freddie mac and fannie mae leave, there's nothi

freddie you have a contact high from me. >> kimberly: he is so happy you're back. >> bob: i was happy he's back until he said he wasn't happy to see me. >> kimberly: i did it. you're crying. >> bob: i'll get back to it. >> kimberly: brother eric. >> eric: the real numbers out there before bob makes up a funny -- the fuzzy math numbers. the numbers. governor scott walker took over the wisconsin economy, $3.6 billion in the hole. he has closed the gap completely. he is leaving over $1 billion now. unemployment went from 7.6% to 6.6%. most importantly how did they do that? they did it by closing the union ranks. the union members took over, 68,000 to 28,000. 54% drop in union numbers so they can renegotiate contract and save the state money. >> bob: 33,000 jobs were created under the governor out there. whenever other state has had more than that. the reason that unemployment is down, they have triggers thanks to bob in the 1920s. it allowed the wisconsin people out of work for a certain period of time to employ by the state. >> andrea: but because of walker's leaders

mae and freddie mac which were the biggest disasters of all time, and all of that happened and it had nothing to do with glass steagall and in other parts of the world that didn't have glass steagall like canada, they had good banks and good regulations and proper capital levels, et cetera. >> okay. so, as you know, the rule making to implement the volker rule is ongoing and experts are still debating in its current draft the rule would have had these rates. how should, given the lessons learned, the volker rule be implemented to account for the complexity of those that caused j.p. morgan's loss and the possibility that they move the unpurely hedging risk? >> i'm not writhe the rules. it was badly implemented and badly tested and i would ask companies if you're going to do something like that, properly vet it, properly test it so it never morphs into something which it was never intended to do. >> so the dilemma is where does the hedging risk stop and risk appropriate trading start? >> i can't define that for you. i'm sorry. >> thank you, mr. chairman. >> thank you. mr. graham for fiv

i mean, i specifically asked for fun-time freddie number 3, and they sent fun-time freddie number 11,less, and everybody knows that. he's clearly got a drink problem. his hands were shaking so much he could barely make the balloon animals. you know, i don't think i've ever seen kids go quite that berserk. i know, and at the school gate this morning brad's mum couldn't look me in the eye. i saw brad at football. he looks... okay. yeah, because she's combed his fringe over the wound. at least now he's got a healthy respect for first-floor windows and gravity. it's all part of the learning curve. learning plummet. ( phone ringing ) hello. oh, hi, jane. no, alexa's fine, yeah. "you'll be with us shortly." where are you now? you're just leaving your own house. well, that's going to take more than ten minutes at this time of day, jane. it's rush hour, isn't it? no, no, no, no. no sweat. no sweat. we'll, uh... we'll just see you when we see you. cheesy brain. gosh, that was fast! do you know what? i've just found another letter that i meant to post. could you be really, really, really grown-

//////vo///freddie "point man" in that battlea& leading fellowwgrunts inno the busha& often aking firstverage life-expeetaacy for a "point-man" in battlea pressdent nnxon kept the bombing of neighboring cambooia and laos hiddee, which meant the battle f riicord was strictly cooerta practically no-one kkew that these men were under constant forcesa& by vastly superior for& ///vo// march thru july 1970, the 101st airborne is oottumbered 6--to--1... surrounded by nearly 30-- thoussnd north vietnamese troops.. who clearly see the importance of getting the americans off this battle &pscarred mountain--topa brutal fightinga 248-us s of &psoldiers from the 1011t lie deada scores woundeea others missinga ripcord is quickly abandoneda& 3 33 3 many heroes of the 101st airborne who survived the quaggire of ripcord 42 years ago chose o cooe to the &pvietnam memorial together as group. ssmm never even considered making he trip alonea they couldn'ta& in their teens and 20's they fought for each othera now maay of these into heir 60's are repeating historya fighting for eacc otherr with a love that is

gio gonzalez freezes freddie freeman. second out of the inning. two batters later, gio gets into trouble. bases loaded for heyward. his liner out of the reach of desmond. two runs score. game winning hit. nats lose 3-2. gio suffers his second loss of the season. but he wasn't pouting about it after the game. >> the positive is you look at our bullpen, and they cleaned up some of the mess and kept us in the game as long as possible, you know. some of the guys were in there talking about we're going to get you runs. you see that sign of life and showing they want to compete and they're trying to get you a win, it's a positive thing for me. i look at the good thing, and when you hear something like that, it makes your day a little bit better. >>> the orioles in tampa. orioles leading 1-0. makes the catch in center field. the throw off the dugout, so upton scores. top of the 5th, birds down still 2-1. hit to left field, and this game is tied at 2. bottom half of the frame, same score, upton on. two outs. gets one past reynolds at third. rays win 8-4.

at sum just weeks before the collapse of fannie mae and freddie mac lehman and a.i.g. the department of justice also rejected calls devate to task force regulation. using these complex cases, under staffs and poorly past, only much later did the justice department why had there been so few prosecutions out of this mess? some of the prosecutors that i've spoken to in my reporting argue that the types of fraud perptrate during the s and l crisis were easier to litigate. those cases were characterized by embezzlement, stealing and other bad beepbare that was more easily identified and exposed. while we do know that wall street likes to create complexity and there's no doubt that the securities involved in this were far more convolume luted and impen trabble for investigators to farm. i think a more interesting reason for the failure to prosecute lies with an answer i've been given by some prosecutors. it brings us right back to the collosal regulatory sale here that fueled crisis. we all know regulators declined to rein in dubious practices in the boom years. but the fail

you know-- but eloise, and freddy!g. say bye-bye. all: bye! i'm glad you came, darling. absolutely wonderful. katherine: thank you. wear that orchid behind your ear, you know. oh, what a beautiful man! i don't know where katie finds them. i don't know-- a change from that last one, that abysmal bill calbury, the one before-- man: come on, ursula! i told penelope we'd be there ages ago! i'm so glad you came. so am i. very glad indeed. come in! [car horns honking] you won't know anybody but they're all mad to meet you. they are? mm-hmm. um... who was that lady i just had the pleasure of meeting? ursula? she's just ursula. indeed. very famous actress, ursula mossbank, but... well, she's just ursula. she seemed "just ursula." oh--oh, uh.

freddie i don't think we can beat that. rush being rush. you have to love rush. kardashian. that is what is becoming. he's becoming the male kim kardashian. it's building. celebrity of the united states. he is not the president. >> eric: that's all i got. love you, rush. >> greg: juan? >> juan: last week, former attorney general was in washington for unveiling of the portrait, dana perino went to the white house for that. while he was, there we did an interview about latino and republicans. >> when i asked you about what governor romney do with reaching out to the community, you did not mention marco rubio. >> i don't think people are going to vote for governor romney based on who he chooses as his number two. i don't. i don't think it will make a difference to the hispanic community. >> juan: this is interesting coming from a fellow republican that rubio might not be the answer. by the way, awe a new poll out from nbc telemundo indicating that 60% of hispanics with obama. that is a slight decrease. the biggest upset latinos have with obama is gas prices. they th

morgan in the others are the new fannie mae and freddie mac. the republican party has often criticized fannie and freddie of i've often criticized them as well so this is a potential area of agreement under conservative policies under libertarian policies we should not be subsidizing institutions like this but we are massively doing so and pretty much economists across the board think that's incredibly risky and likely to cause the next crisis so is that the type of thing we could get agreement on i have to wrap it up in force exactly how to break the gentlemen thank you for joining us tonight well am i i don't know that seconds in traffic at a stop on the side of the road so thanks for making it work thanks guys. hard just to have a show the senate doesn't want consumers of making informed decisions so find out which industry they're doing the dirty work for in our tool time aboard. news today violence is once again flared up. these are the images the world has been.