score for a borrower receiving a fannie or freddie-backed purchase money loan was 711. by 2013 the average credit score jumped to 756. in the wake of the financial crisis of 2008, more american families are struggling with damaged credit, but fannie and freddie have raised standards by nearly 50 points. keep in mind that nearly 50 million americans lie between those two points on the credit score continuum. the story is much worse for african-american families, for hispanic families. we have got to change what's happening with fannie and freddie. we have got to make reforms. a large part of that is because of access. any kind of reforms we do have got to be reforms that make mortgages accessible to middle class families that make mortgages accessible to families trying to build the american dream for themselves. i'll stop there and submit my questions for the record. thank you, mr. chairman. >> i thank all the nominees for your testimony and willingness to serve our nation. i will remind members to submit questions for the record by noon this friday june 20. police subm

and i think fannie and freddie will be reformed? yeah, at some point if you.i think it will take a while because can't really do anything now. this is a complicated thing, a very risky reform process because as you have written about eloquently, but reduced fannie and freddie was this coalition of real estate interest, well-intentioned housing advocates, and banks. pretty powerful coalition to a little bit of left progress ago all but a market in the coalition. we call it the housing and osha complex and have a pretty strong grip on the political system. and so i always felt, at least when i was there, not good to rush this because if you tried to rush the reform process, i know it doesn't look like we are rushing it, but you try to rush the reform process, it would strengthen end of the coalition and they would try to re-create a set of conditions that were probably not sensible. you know, a badly designed excessively generous subsidy the housing with a bunch of bad incentives for the institutions. so i think it's okay if it takes some time. i know -- the hou

fannie mae and freddie mac represent $5 trillion in taxpayer exposure. the fhfa not only oversees those companies but is also responsible for regulating the federal home loan banks and the very different business models that they represent. further, due to the conservatorship of fannie mae and freddie mac the director of fhfa simultaneously acts as regulator, executive and shareholder of those companies. all of this means that the fhfa inspector general has a very unique oversight responsibility as compared to an ig who is not operating under those circumstances. ms. wertheimer has the opportunity today to inform us as to how she will handle these exceptional challenges. i look forward to hearing from each of our nominees on these important issues and more. thank you, mr. chairman. >> thank you, senator crapo. there is an 11:00 floor vote scheduled for them. so it's allowed sufficient time for questions, senator crapo and i have agreed to limit opening statements to the chair and ranking member. all senators are welcome to submit an opening statement for

do you believe taxpayers can be protected without reform of fannie mae and freddie mac? >> thank you, senator, for the question. i believe that reform would be preferable to what we have in place now if the nation were to experience another down turn, another housing crisis as we just experienced. for that reason, i commend the committee for working toward housing finance model that takes the taxpayers out of their position of first loss and puts the private sector in that position. i fully understand though, as well, the concerns of folks with regard to the other part of the balance, which is access to credit, and that we have had a housing finance system in place that seeks to ensure opportunity for americans of modest means who are credit-worthy borrowers. i can understand the very real concerns. if i am confirmed, i would look forward to hopefully bringing some fresh energy to this and to working with members of the committee who are willing to work to find a resolution. just to answer your question, i don't believe that the taxpayers are nearly as protected as they

mae in the -- fannie mae and freddie mac, extract a lot of subsidy for themselves, that is good way of subsidizing homeownership. whites read more of our conversation with gretchen mortenson another featured interviews from our book notes and "q&a" programs in "sundays at eight," now available from your favorite booksellers. >> all weekend long, american history tv is running our comcast cable partners to showcase the history of utah's capitol, salt lake city. to learn more about the cities on our 2014 tour, visit c-span.org/localcontent. we continue now with our look at the history of salt lake city. this is american history tv on c-span3. ♪ >> i would like to welcome you to the tabernacle here on temple square in salt lake city. this is the home of the mormon tabernacle choir. some might call it america's choir. ♪ the mormon tabernacle choir was firstzed in 1847 when the pioneers came into this valley. it was a small group of people a bowery type building, very rustic, and they asked for a choir to perform, but it was in 1849 that welsh pioneers came to the valley and they saying

freddie freeman on deck. struck out three times tonight.es the pitch right down the mithd and upton, he knew he let a good one pass. >> eric: again that just shows you, just indecisive. you've got so many things going through your herd. i'm looking for the fastball. it's a curb bawl. looking for the off-speed, it's the fastball. it is an absolutely helpless feeling. >> justin: 2-2. high and outside. three balls and two strikes. they continue with the tomahawk chop here at turner field. the payoff pitch. line drive, right field. can't make the play. it gets past him. here comes doumit scoring. heyward will come in to score. and down at third base, bj upton, it's a one-run ball game. >> justin: a two-run triple for bj upton. calhoun trying to lay out to make the play. and here's freeman. tying a run 90 feet away, and a business miss, infield playing half way. >> eric: that's the beauty of this game. you keep getting opportunities. bj upton comes through. >> justin: one ball and one strike >> eric: i said it earlier, too. the angels had a coup

do you believe taxpayers can be protected without reform of fannie mae and freddie mac? >> thank you, senator, for the question. i believe that reform would be preferable to what we have in place now if the nation were to experience another down turn, another housing crisis as we just experienced. for that reason, i commend the committee for working toward housing finance model that takes the taxpayers out of their position of first loss and puts the private sector in that position. i fully understand though, as well, the concerns of folks with regard to the other part of the balance, which is access to credit, and that we have had a housing finance system in place that seeks to ensure opportunity for americans of modest means who are credit-worthy borrowers. i can understand the very real concerns. if i am confirmed, i would look forward to hopefully bringing some fresh energy to this and to working with members of the committee who are willing to work to find a resolution. just to answer your question, i don't believe that the taxpayers are nearly as protected as they

that will protect fannie and freddie. they will not dissolve it. those bills out there to dissolve fannie and freddie will go nowhere because shelby is against that. possibly that means equity in these things is pretty safe, right? melissa: it also means we'll have another housing bubble. that we're not -- >> 20 years from now. who cares. >> carl is 79. >> becomes more blurred lines, melissa. you have activist investors and government all coming together and fighting each other and not solving the problem for the housing market at all. melissa: jack? >> bill ackman argued these stocks could be worth 10 times their value eventually. the argument here that the government overstepped its bound in changing the deal with fannie and freddie. >> there is court case. is it a good bet? i think it is. >> a lot of smart money is going into it. >> would you go out and buy fannie and freddie stock right now? >> i don't tell people what to do, if uncle carl is in -- >> the more the guys sign on to the stock, the more financial firepower to argue the case in favo

arthur: freddy k, i'm not little, i'm big. i can read... the pictures.comic book with my own money. i'm buying my very own comic. arachnid ned, the boy who can get spiders to do anything he wants. i saved up for it myself. freddy k: uh, big dude? you want your change? oh, uh... (softly): do i want my change? and now i get to watch d.w. pick out her first very own comic book. i bet she goes with a copy of mary moo calf. one mary moo calf. arthur: told you. freddy k: and antfarm annie. pippy-poo the puppy. tummy bunnies hip-hoppy happy trail tales. baba billy, the sheepboy. witty winnie wilson. (all gasp) (chicken squawks, muffy screams)

is it a pass for fannie mae and freddie mac?eed to be careful what we wish for as we amended move forward with these two dinosaurs? give us an update on my general knowledge of fannie mae -- how big of a dinosaur is it? >> the book that i wrote -- obviously, it was not favorable to fannie and freddie. that said, they served us well for a long time. use of portfolios could give leverage. at the end of the day, they did not praise credit correctly. do you the vehicle and he and the business to the big banks? or do you fix them? that is the battle going on in washington. fannie and freddie are not allowed to lobby. the big banks are pushing to replace them. >> the battle that you see from a distance, does it work itself out a decade out? or is there things that need to get done? senators, some of the leadership of the banking committee, put forward legislation based on the warner bill. that barely passed out of the senate banking. probably will not make it to the floor. i think we're back on the slow track. probably will not see an

up included fannie and freddie and edgy. >> i do think it's ironic.just so you know, the context of this, this is a rescue that most people viewed as way too generous and unjust and unfair. yet the government is being sued for making too much money is going to take a while. this is a complicated thing and the risky process. as you have written about, what produced fannie and freddie was this coalition of real estate interests, well-intentioned housing advocates and banks have a pretty strong grip on the political system i always felt och the housing market has a long way to go to heal. private capital is not really coming back with alacrity. the government is still the only thing in town. the economy is not that strong. it should be a gradual process, and you want to run a legislative process that maximizes the chance. that might take some time. >> this could be assured answer or a long answer. what about your thoughts about the current controversy around high-frequency trading? >> i think it's necessary to a problem that has no, you know, of this com

it involved the freddie may and fan -- freddie mac and fannie mae.senator supported the stimulus and later obamacare the opponents eventually back senate when florida governor charlie crist ran for the senate ran ads like this. >> we know it's important we pass the stimulus package. >> working on florida's economy not passing more debt to our children. >> the club support the marco rubio. they are fighting the export import bank. keller who works for the club i admit i have been fans of you guys for a long timing. might this be a turning point when republicans stop feeding at the trough and say enough already? >> the export import bank is funny. it's a little known agency but it has become the symbol of krocrony capitalism. those two things are not always the scene. thees what we have seen over the export, import banks is the chamber of commerce or chamber of krohn knee dcap tal -- krohn kneecap talli-- crony capitalis. you have groups like us the pro free market side that shows economic freedom means prosperity for all americans that is why we have

in cell 111 is freddie munoz. >> this is my home right here, for good or bad, this is it. >> reporter: growing up, he wanted to be an astronaut. but at age 13, he got caught up in gangs. how many murders did you commit? >> two. >> reporter: because of his violent past and gang affiliation, officials have kept him in a cell like this every day for the past ten years. these four walls are all he's got. he knows every crack, every inch of peeling paint. what does that do to your head? >> it's perpetual misery. it's monotony, it's repetition. >> reporter: he says the only way to keep it together in here is to establish a strict routine, a sort of imitation of life. >> i exercise. i read a lot. if i didn't have books, i probably would have gone insane. >> reporter: a few cells away, daniel herrera. he's also in solitary because of his gang affiliation. he's 23 years old and serving a sent tense for kidnapping. >> this is where we live. right here you can see the width of our room. >> reporter: at our request, he shows us one of the tricks of solitary. this is called fishing. >> a fishing l

in the broader sense you can't get rid of fannie and freddie.ng field not just for dubai but they're loaning money to boeing that gives them a competitive framework versus airbus that gets a lot of financial support from the french government. >> here's the problem. this is done on the back of the small business owners of america, taking money out of their pockets and loaning it out so the big businesses can compete. small businesses employ 55% of the population. we have to stop letting the government pick the winners and losers. >> are you saying that providing frontal boundary to boeing is crowding out smat businesses? >>. >> it's taking the money out and loaning it to fannie and freddie. >> we should. do that ee thefrmt none of this should exist. regardless of the fraud. the fraud is bad. even if the thing were profitable and pristine -- >> michelle has the story right. take a look at what they're doing. they're financing -- >> nothing. >> 60%. >> it's not the world government. >> does that put the world at a disadvantage versus other compani

freddie rose more than 3% to 4.59. >>> soaring green coffee costs is rising prices.he products will go gown 9%. smucker is the owner of folgers and dunkin' donuts. shares rose a fraction to $102.94. >>> and panera is changing up the recipe for its menu offerings. the company will remove all artificial colors, flavors, sweeteners and preservatives from its food by the year 2016. it didn't say how much the effort will cost or whether it will impact prices. shares were off slightly to $154 and change. >>> a changing landscape in the real estate market. the commercial sector is trying a new business approach to catch up with the housing sector where price and sales have been soaring. the number of office building landlords are now turning to technology to lure small tech startups and hopefully rent out vacant office space. diana olick has our story. >> reporter: in a sparse space in crystal city virginia, more than a dozen small companies barely stand out from each other, but they are plugged in, into a fund that aims to serve them at every level. >> what we are doing ki

fast ball to freddie free man deep to centerfield. 31 shot puts the braves the bore. phillies announcer tom mccarthy makes the easy catch of the ball. he's a true philly fan he throws it back. let's go to the top second. freddie free man doing some more damage. >> gorgeous this shot to the gap early the phillies. run with away putting at land up four to might have. phillies showing signs of life. ben revere with lead off triple setting up rollins for an rbi. two hitters later marlon byrd gets a base hit that sends utley home from second putting the phillies down by two. that's where it were stay. phillies lost this one by a final score of four hiv two. also today word coming down from the front office that carlos ruiz has been placed the seven day disabled list. ruiz suffering from concussion after being hit boy a pitch from aj ramos in the same they won over miami. >> round 1nhl draft hosted right here in philadelphia tonight. the flyers with the 17th overall pick and they go with canadian defenseman travis san heim he comes from calgary the hit men where he quickly

when you deliver through third-party enterprises, fannie mae and for that, when -- and freddie mac, when you deliver it through a private company and executives who can extract that subsidy for themselves, that is not a good way of subsidizing homeownership. >> read more of the conversation with her and other interviews in our q&a program "sundays at eight." no available as a father's day it at your favorite bookseller. >> they held a hearing on the nuclear regulatory commission. 2011 nuclear power plant in japan, they created a task force to recommend increased safety measures for u.s. plants. members were looking into efforts to implement those recommendations. this is an hour and 50 minutes. >> today the committee is holding the ninth meeting since the tsunami. the massive -- and will cost more than $300 million. we must learn from the offense and fukushima and take necessary steps to ensure the safety of nuclear facilities in the united states. i will continue to focus on whether the nrc has done that. it is vitally important that the nrc remained committed to its mission, which is t

no legislation passed about fannie and freddie.ntil i became chairman under the democrats that we worked with paulson to put them into conservatorship and then in 2011 the republicans took over again and three and a half years since then they have done nothing so jeb talks a good game on fannie and freddie has literally, including his chairman, done nothing to advance that. >> i just want to make sure you're still on board because now we'll have a chance to move on this. i'm sure jeb still believes that fannie and freddie have to be dissolved. i don't know what his agenda will be. we'll see about that. >> we know what it isn't. larry, we know what his agenda isn't, and it apparently isn't to do anything about fannie and freddie except talk about them. >> want to bring in eamon javers in here from washington as we await this news conference. we're expecting to hear majority leader eric cantor stepping down and now word that the vote will be taking place in a week's time for his replacement. >> that's correct, and you're talking abou

. >> helping shares of fannie and freddie, up a bit.ts of shares in the common of fannie and freddie. 6.8 shares of fannie at $4 apiece. 5.7 million shares of freddie at 4.07 apiece. for icahn it's tiny, all that is his money he manages. it's having an impact. the key here is most hedge funds have focussed a great deal more on the preferred where they believe there might actually be a real return of capital. and remember, the key gauge, not that far off from hitting court brought by perry, in terms of that so-called third amendment where they basically sweep all the profits of fannie and freddie into the coffers of the u.s. government which has done a nice job of helping deficit reduction, but they deemed to be completely and totally illegal and we'll see. but ackman is in the common. burco is largely in the preferred, though he owns some common at fair home and now icahn in fannie and freddie. >> "new york post" showing icahn in a rainstorm that has not started out well as last year certainly was. a killer year with a number of wins. b

john: fannie and freddie provide the opportunity as well.cutive was fired for taking kick ax and you wrote about that. >> yes, in 2013, an executive was let go in there was a criminal scheme were some of the middlemen who got involved it was another one of these situations where there is a government owned business was playing with other people's money and once you're doing that, you are handing out someone else's money and you're putting the person in position to demand this bribe. >> every time the bank is reauthorized, there is the promise of reforms. we're going to stop giving all of our money to the 10 big businesses order to stop with manufacturers and they never really successfully follow through and it doesn't do what they want. if you want to get rid of the corruption in the opportunity for the kick ax committee only way to do it is to justify it until the export import bank. john: i hope that they do. we don't typically buy new, but with truecar... the price was so great that we couldn't turn it down. it saved us so much money i wa

>> i guess, i mean i do not think it is a perfect analogue, fannie and freddie versus the banks -- >>about big, massive, knotty players during the crisis. i guess i don't understand why banks can get out from under this and fannie and freddie have in terms of how they are viewed by the general public and the government. >> that is not entirely true. there was a bill in the senate not so long ago that would have taken friday and fannie -- would have taken fannie and freddie apart. populace sentiments, deep prestige populist sentiment that is going after the bank might not think that is going away anytime soon, and however much these are tied to that, or it is really just a way to actually fix some of the wrongdoings of the financial crisis -- it is hard to tell. >> keri, as you can tell, we like to talk about this issue, and we will be talking about it more. >> i think there are some bad players from back in 2008, and instead of leading member tyrant be really rich, put them in jail. but here we are five years later, come on, let's just get business done. citi is let's just hope watchi

but when you deliver it through these third party enterprises, fanny mae and freddie mac, when the subsidies through a public company with private shareholders and extract a lot can of that subsidy for themselves, good way ofa very subsidizing homeownership. our conversation sundaysr interviews in at eight. now available for a father's day gift at your favorite book seller. >> now on american artifacts, part two of our visit to the in langley,m

if we can get things going like fannie and freddie street in doubt so we have more private capital, it impact the housing sector going forward. neil: sorry to jump on you but hillary clinton is on of book tour right now arguing for a presidential run but with the timing of the implosion and we are concerned about foreign policy in general? we live in and the moment but was this bad for her? to make there is no such a thing as the perfect timing and you did not know these would be breaking. happens to everybody. neil: but will she be blamed for its? to talk about the stewardship with the crisis as she goes into detail about one of the key people involved that they apprehended today but leaving that aside is there of the your of friends like hillary who say she could be damaged goods? >> i don't fear that because this is a very rough political environment there will be punches thrown and it is just to a standing up and of the day nobody will be untainted or unmarked. neil: i talked to some money raisers to say she is still likely the democratic nominee they're not just giving money hand

mae in the -- fannie mae and freddie mac, extract a lot of subsidy for themselves, that is good way of subsidizing homeownership. whites read more of our conversation with gretchen mortenson another featured interviews from our book notes and "q&a" programs in "sundays at eight," now available from your favorite booksellers. >> all weekend long, american history tv is

when you deliver it through these third party intrer prices, mae and freddie mac, when you deliver the subsidy through a public company with private shareholders, and executives who can extract a lot of that that isfor themselves, not a very good way of homeownership. >> read more of our conversation and othere en son footnotes in sundays at eight. now available at your favorite book seller. each week american artifacts takes viewers into archives, historic sites around the country. next, from our visit to the national cryptologic museum, a look at one of their exhibits about the making and breaking of and their role in u.s. history. >> our story starts in the spring of 1942. say that thet united states navy was not in a good position. about 50 ships. we had three aircraft carriers, assorted craft. the japanese navy on the other hand at the time had over 200 and six to it a aircraft carriers. more importantly the japanese after pearl harbor, conquered over a seventh of the earth's surface in a few months time. it was an amazing military operation, and we very much underestimated the ja

. >> next up, fanny and freddy, betting big on the revival of the two mortgage giants. bought fanny and freddy shares. >> more interesting to me that they're wanting to sell. i think this is really a binary situation. it will take some time to play out. whether the equity is allowed to exist or gets wiped out. i think it's an interesting very symmetric bet. >> up next, a partnership with american fashion designer. the new designs will be called dvf. >> there's no shock that i would wear those at all. >> inspired google glass. >> look at those things. they look like the blade thing you used to wear back in the '80's. or dan did. i think this doesn't move the meter for these guys at all. i think obviously all these we'rables are going to get in the fashion. it's probably better for the fashion houses but hard to trade that. watch google. google is starting to roll over. we saw it roll over back in march. i would use google as the barometer of the market since it is such a crowded trade. >> they're so ugly even if they're designed by a famed designer. you would actually be

first up today, fannie mae and freddie mac, carl icahn with a position in the names.hat including bruce work paulson, ackman and ralph nader. >> this is interesting. but you need to dig a little bit deeper. he went in and bought these shares down around $4 a share. you don't know why they were being sold, they needed to raise cash and that why he's in there? stocks have a nice move since. i would be careful chasing these names sitting at home. >> dollar general leading the s&p despite missing on the top and the bottom. >> yeah, misses, traded below 53 in the pre-market and zoomed up to 57. off of that high, but looking good. >> at&t raising guidance for the year because of stronger trends in wireless, joe. >> at the lower end of the previous guidance. their financing plan, the installment plan right now is hindering a lot of what they're seeing coming in in terms of eps. i would say verizon and at&t has that their run, but i think the run in both is better. >> delta, trading at all-time highs. >> i think this is going to at higher. i don't know this is the end. you lo

. >> fannie and freddie are per folk example.r itself until it doesn't pay for itself involving huge losses. melissa: latest developments in iraq, primealiki calling on nats political blocs to unite in the face of sunni militants militants attacked one of iraq's largest airbases and seized control of several oil field as u.s. special forces troop arrived to support iraqi forces. president's foreign policy numbers, look at this, tumbling to a new low. in the latest "fox news poll," only 32% approve. what is this telling you? do you think this is telling you americans don't want to go back to iraq? >> he will which think it tells you among other things that he, he made a real mistake when he left pretending that everything was cool and it was fine for us to leave. i think maybe a more honest answer would have been, eight 1/2 years is long enough. melissa: we've done what we can. >> it is somebody else's problem now. but he, i think he left the impression that we could, there was a sort of a cost-free exit option for us. now we're s

♪fame ♪ >> freddie.ne months, we've been watching from the back room as this store front in a revolving door for criminal suspects selling their loot. they think they're selling to crooks. but the buyers are actually undercover detectives and it's all been caught on tape. >> [ bleep ]. struck him right to the -- >> remember 29-year-old brad young, the violent six-time offender? >> boom. >> he sent many criminal friends to the fencing operation, taking a cut of each deal along the way. brad hasn't been seen for a while. turns out he was arrested on a different case. but here comes his girlfriend, alicia. >> like, now i'm the one doing the running around trying to get money. it's ridiculous. >> are you working right now? >> no. >> are you talking even rent? >> i never had a job in my life. >> how old are you? >> 21. >> never had a job, burger bar, subway? >> i never had to. >> in all, she'll make nine visits to the store front. >> you're alive. >> this time, it's a stolen bmw. >> you said it came from a va

fannie and freddie made two-thirds of all subprime mortgages. that's not a free market institution. that entity along with the fed printing too much money back in '03 and '04 caused the housing collapse. we need to take free market seriously. we have to put an to end all these tax credits and tax deductions anticipate loopholes. dave camp had a good bill in which simply electrified the tax code. that made sense. it was going to be pro growth. produce 1% more economic growth. so that will help us restore jobs. and closing the border is very important. i ran hard on that issue. first you got to get your own house in order before you can help others and we're out of control right now. on fiscal discipline our debt is over $17 trillion. unfunded liabilities are $127 trillion. no leader on either side is mentioning the biggest economic problems we have in the country right now and i base my campaign on those numbers. and a pledge to fix them. >> you're right. over $100 trillion in unfund liabilities, $17 trillion in deb. barack obama said it was irresponsible and one p.a.t.h.ic to ha --

officials state impact tosd the child 20 feet on to the parking lot of freddie's restaurant there and investigators are working to get a description of the car involved and the boys injuries were told we're not throughout to be life-threatening. >> rash of robberies at pharmacy/convenience stores has police in city and suburbs searching for suspects. here's rick williams with tonight's crime fighter's report. >> just before 9 p.m. thursday, march 27 a woman entererd rite aid store 6900 block new falls road in levittown bucks county. >> she came into the store and demanded oxycontin and she had a gun up her sleeve and walked back to the pharmacy and pointed the gun to the cashier. >> police say she placed empty bag on counter and pharmacist complied and suspect left the store. >>> nobody got hurt thank god. >> the suspect is described white female 20 to 25 and 5' 4" with thin build and long, black curly hair which would be a wig. at the time she was wearing green hoodie, knit cap, of aiateer sunglasses and there's a 5,000 reward for arrest and conviction of the person responsible. >>>

the cool thing freddy. expressed the desire to go on a train ride and the next question always comes up have you ever been on a trans siberian train well today i'm fulfilling my my own dream but also i'm going to give you a taste of the most unparalleled train right on earth the chance siberian. to. go. expressed a desire to take a train a journey and of this one question always comes up have you ever taken the chance i bury in train it is a one of the longest the train rides you can take in a single journey and every avid traveler wants to take a journey on it and today i'm fulfilling my own personal dream while also bringing you this unparalleled train ride on the trunk siberia that has within. saddle a whole lot of the same thing to you. but there's some interesting catches. told . i'm typing with. moscow in the same time as outside when i was like. me to tell the kids you know the santa translate son. it's one thing if you. tell us why you say what you. have to be an. irish you know what. i mean there i

today, fannie mae and freddie mac., we're showing some big time investors, in fact, ackman and icahn investing together, not together, but in the same company in the same direction. are you optimistic on the names? >> no, i see this as a very speculative play. this is really a repeat of the story we saw back in march where we saw that a bill was proposed to wind down fannie and freddie over the next five years. so this is much more akin to gambling than actually investing. and i could talk about they're only using six cents per share versus 12 cents per share, but really about whether the government is going to step in and wind these companies down or let it go to the private sector. and quite frankly, i would rather make a bet on the stanley cup. >> that's telling it straight. what about the technicals. do they tell a straight story as well? >> you know, manny, technical analysis is based upon -- technical analysis is founded upon the belief that history repeats itself. and if past is prologue, i think the stock is go

freddie freeman right on to ryan howard's legs. he ties career high twoer or reporters.oft grounder and boots it everyone safe. run in. fans booing. pats him on the back. braves scored anyone straight runs. base is clearing triple and tommy phillies lose game one bastardo kicking trash can over and frustration continues in game two the ball finding ryan howard tonight off the glove jordan schaffer leadoff single and scores later in the first. shawn o'sullivan gives up rbi single. phils down 1-0. tied on sack few fly and in the sixth braves in the big inning. phils down 2-1. later in the inning. this time a two run double. rookie five rbis that's more than phillies had combined. they lose 5-1. out scored 15-4 today they're in dead last and ben revere still believes. >> must have faith in the squad. a lot of things can happen. it's the game of baseball. we have the guys to do it. we'll end up far behind. we can go on a roll any time. >> let's hope so sixers slogan is together we build and together we wait may are more fitting. they're willing to wait for highly talented dr

but when you deliver it through these third party enterprises, fanny mae and freddie mac, when the subsidies through a public company with private shareholders and extract a lot can of that subsidy for themselves, good way ofa very subsidizing homeownership. our conversation sundaysr interviews in at eight. now available for a father's day gift at your favorite book seller. >> now on american artifacts, part two of our visit to the in langley,m virginia. begins inr toni hiley the directors gallery. >> this is the directors gallery. the director selects the artist who will do his portrait after he leaves office. standing here in front of the portrait of george herbert walker bush, who was director of central intelligence at a particularly difficult time in history, follow the pike and church committee hearings back in 1975. underency was investigation by congress and morale was pretty low here at time. he is the first member of congress to serve as director, over by the president to help repair those relationships between c.i.a. and congress. the oversight committees come out of this investig

on april 8th, the day after the basketball victory, the odd couple from freddy's karaoke night was outile stopped at this bottle recycling center, the young girl slipped away and called her sister. "an old man is holding me against my will," she said. the sister in turn called police, who found the couple a few minutes later at this car dealership. as soon as the police pulled up, the 16-year-old leapt out of a rusty mercury comet, almost identical to the one jennifer spalding reported to detectives two years earlier. the girl told police the old man had kidnapped her, raped her and held her prisoner in a basement dungeon. the old guy looked harmless, but the police decided to arrest him anyway and sort it out later on. quicker than you could say karaoke, it was over. >> he immediately exercised his fifth amendment rights, asked for a lawyer. >> what police didn't know is that they had one of the most prolific sexual predators in the region's history in custody. onondaga county sheriff kevin walsh said law enforcement and the local media hadn't even known there had been a single kidnap

fannie and freddie made two-thirds of all subprime mortgages. that's not a free market institution. that entity along with the fed printing too much money back in '03 and '04 caused the housing collapse. we need to take free market seriously. we have to put an to end all these tax credits and tax deductions anticipate loopholes. dave camp had a good bill in which simply electrified the tax code. that made sense. it was going to be pro growth. produce 1% more economic growth. so that will help us restore jobs. and closing the border is very important. i ran hard on that issue. first you got to get your own house in order before you can help others and we're out of control right now. on fiscal discipline our debt is over $17 trillion. unfunded liabilities are $127 trillion. no leader on either side is mentioning the biggest economic problems we have in the country right now and i base my campaign on those numbers. and a pledge to fix them. >> you're right. over $100 trillion in unfund liabilities, $17 trillion in deb. barack obama said it was irresponsible and one p.a.t.h.ic to ha --

we had fannie, freddy, and the sector tan ticks. now, political years. we are on our knees, economically. >> the bit about fannie and freddy is not accurate. kevin mccarthy is part of that. alternative candidate, gene, know it not be? >> that is absolutely right. a very good point, ari. and an interesting point. because there could be a -- a convergence of beliefs, i think, between -- some tea party republicans and some democrats. on that very point. that there is something terribly wrong with wall street and the fact that none of the bankers went to jail after the collapse, and the fact that the whole system seems to be rigged against ordinary people. if the house wanted to get together and work on issues, to the exclusion of others. i think that would be a good thing for the country. that certainly hasn't been happening over the last couple years. no, sir. it is notable in the weak of the earth quake they're going right to kevin mccarthy. right off to the understudy. they're rushing to it. and congressman. i want to put up something from politico's jak