>> they will go into freddie and fannie's account. and if at the end of the year there are profits they will be swept to treasury. yes. >> very good. one of the concerns that i have also is with regards to the way that you're pricing things and the way that you are changing some of your rules and regulations. having been in the loaning money for 35 years i can tell you there's tenets of lending. you can't get away from them. certain things have to happen. if you don't you lose. it's just that simple. everybody wants to say i can slice it thinner i'm a little smarter than the next guy. it doesn't work. after 35 years of stubbing my nose against certain things, there's certain tenst that have to be there. that's it. my concern is that when we change these things and we loosen rules oup as you've seen fannie and freddie have had a resurgence. they are now profitable. so why do you go back now and want to change those sound tenants of lending to loosen it up and go down the same path that caused the problem before? >> first you are absolu

freddie mac 153 to one. and equally concerned leverage ratio of .65%. the rumor a decade ago i was arguing about 100 to one leverage ratios. this is excessive of that. you said earlier the leverage ratio is not something the statute requires you to look at when suspending allocations. i've got a different reading of the statute that i will share with you. but the statute requires is that you shall suspend allocations not me the statute shall suspend allocations if they would contribute to the financial instability of the enterprise or would cause the enterprise to be classified as undercapitalized. so in reality the statistics cited earlier, you know to come into play. so director, how can the enterprises be in this state with these leverage ratios, and not be deemed both financially and stable and undercapitalized? that's my question. >> so first of all we put in place prudential stops its circumstances go back in the other direction. if we ever have a draw on the treasury, that would automatically stop funding of the housing trust fund. >> but it's al

freddie mac, 153-1. and an equally concerning leverage ratio of .65%. you remember a decade ago, i was arguing about 100-1 leverage ratios. this is excessive of that. and you said earlier in this hearing that the leverage ratio was not something the statute requires you to look at when suspending allocations. i've got a different reading of that statute i'll share with you. what the statute requires is that you shall suspend allocations, not may. the statute reads shall suspend allocations if they would contribute to the financial instability of the enterprise or would cause the enterprise to be classified as under capitalized. so in reality, the statistics cited earlier you know do come into play, so director, how can the enterprises be in this state with these leverage ratios? in one case -- and not be deemed financially and under capitalized? that's my question. >> so first of all, we put in place prudential stops if circumstances go back in the other direction if we ever have a draw on on the treasury, that would automatically stop funding of the ho

now, if you're looking at freddie mac -- excuse me, you're looking at freddie mac, they have about $13 billion in assets and backstopping $2.2 trillion. i think we could both agree, i hope so, that these organizations are grossly undercapitalized and represent one heck of a risk to the taxpayers if something goes wrong. would you agree with that, sir? >> i have two responses to it. one of which i've already given which is, i didn't set up the preferred stock purchase agreement. i wasn't even there when it was created. so, i'm living under that. i can't change it without. but the second response is you all can change that. everything you just talked about, you can change by doing gse reform. >> mr. watt, everybody wants a healthy economy. and the taxpayers in our district of maine are some of the hardest working, most honest people you could ever meet. they to want make sure they have a government that works for them and not against them. and i happen to believe that accountability in all stages of government, all levels of government, are a good thing. and i'm very concerned about thes

it's about providing more certainty. >> we have challenges at fan sandee freddie -- at fannie and freddie maintaining an employee base in this environment because they don't know what the future of fannie and freddie is. there are multiple implications that follow from the failure. >> would you say it should be a high priority for us for the congress and administration to get that done? i mean, when i first came here, the former chairman was criticizing the administration for not doing anything on g.s.e. reform. the former ranking member was criticizing the republicans for not doing anything on reform. now, there have been a lot of proposals. i'm part of a team that have come up with a proposal that i'd like to talk to you about. do you think it's time for that to get done? >> well, i would say there are implications for not doing it for me to put a priority on it i think is an inappropriate role for me because there are a lot of things that congress deals with that are priorities, and that's just not my role to set those. >> so one of the things that our legislation does is invite requir

fannie and freddie don't make loans. we buy loans off of lenders' books -- >> right. >> -- and guarantee them and put them into a secondary market. so there's just not opportunity for me to be engaged in those kinds of discussions with borrowers now. but, i mean, there are thousands of people when i was practicing law i would say you can't afford to make a mortgage payment, you shouldn't be a homeowner, yes. home ownership is not for everybody. >> well, i appreciate you being here. i hope that one day we can get the government out of out of the homeowner business and get it back in the private sector where it belongs. purchase i yield -- mr. chairman, i yield back. >> the time of the gentleman has expired. chair now recognizes the gentleman from maine mr. poliquin. >> thank you mr. chair. thank you very much for being here, director watt. i understand from your background you spent a little bit of time in new england and i want to thank you very much if advance for rooting for the patriots. not that we'll need it, but on

for the sake of brevity i will send you are familiar with fannie and freddie. they combined combined unsafe on sound financial practices with an unprecedented lobbying operation to protect investors and tap the bonuses of their -- and fannie and freddie are government-sponsored entities. they are not part of the government, they are instrumentalities of government. their private corporations. in the case of my book the corruption inherent to the first gses. the first and second banks of united states experience with the bank's second bank in particular eerily similar to the experience of fannie mae and freddie mac. normally when we think about the second bank of the united states we think of nicholas biddle was a farsighted financier and if we think beyond him we tend to think of the bank where in my opinion andrew jackson comes across as much worse. but that's as far as the common understanding usually goes. but it overlooks something which is that the bank had been in place for a decade before biddle came on board and it was terribly rife politicized and self

in 2008 fannie and freddie were insolvent, they were busted.ent brought them up to zero so they wouldn't affect liar -- their bonds. >> they were created by the government. >> only the congress controls them. all of these investors have hired big lawyers and lobbyists in washington for gazillion dollars and they've all you will lost. >> bill ackman is suing the federal government. and same agos hank greenberg is suing aig. if greenberg can win, that will show shareholders rights and that should transfer over to the fannie mae. >> no, aig is a private company that was bailed out by the government. i think illegally. oh, you think, illegally, too? >> judge lambert, one of the most respected judges in the countries slammed these guys. i know your feelings are hurt, but ultimately you have to go up to capitol hill because in the constitutional role of the federal courts there's nothing i can do for you. that's what he said in his opinion. >> so there are no shareholder rights here. >> under the law passed during the crisis, the regulator for fannie

fannie and freddie are both, as you know, penny stocks.arts lately -- look at the charts lately, there's been a pop in the stock. and what i understand the pop in the stock is somewhat attributed to money managers, at least some managers putting on a greenberg trade, as they put it. they're snapping up shares of fannie and freddie, basically predicting a greenberg victory. now, why is this? greenberg is saying the government came in and illegally confiscated shareholder value when it did the bailout of aig, essentially wiping out shareholders, right? including himself. what are the fannie and freddie shareholders right now? and there are cases even in federal claims court. i think bill ackman has a case in federal claims court where the greenberg case being held. what are they saying? fannie and freddie after their bailouts of 2008 repaid the government, and what the government right now is doing is illegally confiscating all the profits. those profits should go back to hair holders. -- shareholders. there's been some federal court cases t

if he wins, there will be a pop in fannie and freddie just on the reasons i mentioned.g the story though, i just found this amazing stuff that's going on. there is kind of an alliance, a weird alliance between the sort of left-wing housing advocates who want fannie and freddie to be giving loans to everybody and have the obama administration take the money out and give it back to the fanny and freddie so they can keep lending. and these hedge fund guys like ackman who want to give the money back to fannie and freddie. it goes back to the profits. >> it is as you had warned a trade. >> a trade. be careful on that. but just, this is a weird story. housing -- it's like occupy wall street and wall street teaming up -- liz: coming together. >> i'm telling you. i've been trolled on this for days. these housing advocates are really into this story. liz: remember, hank greenberg's lawyer, david boyce one of the best litigators out there. the judge is sympathetic of the argument. >> of shareholders rights. i wonder if that transfers to fannie and freddie. they were always part g

his name is freddie gavelson.ollins, the longest tenured athlete in phillies before he was traded. can you remember the last shortstop before him? it is tough to remember, huh? >> i need some help. >> i couldn't remember. 4. >> stalker was there. jelts was there. desi reliford? switch hitter. >> reporter: 15 years, jimmy rollins and chase utley were the longest tenured double-play combo in national league history. now xhas will play with freddie galvis. >> we've seen him play defense. he's amazing. he makes everything look easy. so, obviously, i will through to help him out as much as possible. who knows, maybe he can help me out, too. >> reporter: freddie is ready for the opportunity. he says he does not feel pressure replacing j. roll but he'll miss him. >> he teach me. he teach me a lot about the baseball game. >> reporter: freddie was first scouted by the phils in little leagues in venezuela. the phils signed him when he was 16. >> now i'm 25 right now, so i'm playing -- i'm going to play shortstop for the phi

maureira y su padre y freddy maureira y su padre esta cansado dijo de promesas incumplidas hace un aÑo > tengan fuerza yo he sobrellevado una enfermedad mi hermano muriÓ producto de eso y me da fuerzas esto contrasta con este llamado ella se ha cansado de vivir >el gobierno chileno no puede apoyar esa peticiÓn, es un triste caso < y nada parece funcionar para atrapar a este par de llamas >> vamos a ver como termina el paseo por arizona un nuevo ceo está rompiendo las reglas de la telefonía celular. es un gran ejemplo para nuestra comunidad. por fin, alguien que nos entiende. hola, soy marcelo claure el nuevo presidente de sprint. yo, como muchos, tengo una familia, y estamos conectados todo el tiempo. por eso desarrollé un plan familiar que te da muchos más datos por menos dinero. por solo 100 dólares al mes toda la familia puede compartir 20gb de datos de alta velocidad, llamados y textos ilimitados. este es el mejor plan familiar de toda la industria. sprint. más móvil por tu dinero. ¿problemas para escuchar en el telÉfono? visita s

are the government entity, fannie, freddie, et cetera. >> they're trying to get the mortgage market to move again but reducing underwriting standards. that is exactly what caused the crisis in the first place, dave. so the problem here is that we have to control what the government is doing, rather than trying to control what the private sector is doing. david: but isn't dodd-frank trying to maintain those standards, and strengthen the underwriting standards? i thought that was part of what it does? >> dodd-frank does not do anything about underwriting standards. that is one of the puzzles about all of this. what it does is impose a lost restrictions on private sector, slowing economy. we've had slowest recovery from recession since the mid '60s. it hasn't cured the problem we set out with. government policy reducing underwriting standards causing a lot of people who can't sustain a mortgage, can't pay a mortgage to get homes of the we go into the same cycle again, have more failures and another crisis. david: you used to work for the treasury department. you're familiar with looking a

in the case of banking a lot of people look the other way with fannie and freddie,. neil: they get a pass. >> with respect to regulators if you have no job no assets or income why were you given a mortgage, but the finger-pointing continues. >> >> why not fannie and freddie? if you go after other executives executives. not so fair. >> all of this, has been debated, there have been finding and conclusions there are people on the left, who have insisted corporation that plead guilty but individuals to be fraud walked to the judge this happened years ago there is a statute of limitations when does your life go to normal, and you can build back the pieces build back the,. neil: not as if they have not paid. they paid, billionss in fines 40 billion. where does that end? if you go after the guys not after fannie or freddie and not turn finger back on those in washington who were pushing this this does not seem fair to me. >> not every loan is a criminaly-bad loan, not every action is a criminal act. so if there is knowledge on part of justice department, and statute has no

freddy i believe you are in the military, from new york city. is that right? caller: yes. i am retired air force, 100% disabled through the v.a. also. i have a problem with no one is identifying the veterans' medical health. they are talking about tri-care and the changes, but who asked us about the changes? it's already pretty confusing dealing with which tri-care that you once, and now they're giving us something different to look at great we think tri-care should be expanded upon, but it should be explained what we can get from that system instead of giving us something different that will cost us more already. host: freddie referencing the changes proposed in the health care plan, the proposal would move the military from tri-care, which is the current military program, to military benefits provided by commercial insurers. derek in marion, ohio on the line for democrats. caller: my name is derek roberts, retired military, 20 years, vietnam veteran. why don't they leave stuff alone like they promised? they gave us promises, now they're turning around and changing them f

we need to recapitalize fannie and freddie -- fannie and freddie. either the government tend inject 500 billion dollars on the private sector can do it. if tomorrow the u.s. government turned off this cash flow suite this institution would recapitalize itself. 80% of that capital would eventually be owned by the taxpayer itself. it is a way for the companies to become independent without the taxpayer having to write check to rita -- without the taxpayer having to write a check. our investors will make money if fannie and freddie are restored to low capitalized institutions. the taxpayer owns 79.9% of the country -- some 9.9% of the company. what interesting is the other 90% that we don't own is owned largely by individuals. voters. the number of people that called me, retirees from florida. these are people that call me. i own 30,000 shares of fannie and freddie. the government wiped me out. i said, call your congressman. they are more interested in what you have to say that what i have to say. 80% is already owned by the taxpayer. the other 20%, 10

but remember how badly freddie mac and fannie mae acted in 2008.the mortgages were subprime and owned by fannie and freddie. i don't trust them that they've learned their lesson. secondly, there may be safeguards in place, but there are all kinds of barriers to operate more in the housing market. penalties if people don't pay their mortgages back. lawsuits the government has launched against banks that sold them subprime. there are a lot of reasons why banks are leery about going back in just lowering it to 3% to 5% isn't going to solve the problem if you don't address the underlying problems of dodd-frank and regulatory pressure. gerri: 3%, is it that big of a deal? >> actually i find myself nodding in agreement with john. one of the safeguards in place is that just because fannie and freddie said they'll expect loans with 3% down payment doesn't mean those lenders will write those loans. this is a small fraction of the lending pool for 2015. but i do think it will make it possible for qualified borrowers who have all the other criteria in place e

what this congress wants to do with fannie and freddie.hat is open for a tremendous amount of debate. >>commercial real estate is another active market. commercial real estate is -- we are seeing pretty significant price changes which supports the end of mental -- underlying fundamentals. the average loan is 10 years old. it is 2015. loans are due today. they were originated in 2005. you have a lot of debt that needs to be refinanced in the next three years. people know there is a refinancing law. it creates opportunity. you have employment improving companies creating earnings. it creates a good fundamental environment. >> how do you make 12%? you can't talk about your returns -- >> we can. that's a big number. >> let's take that or 10% or 15%. ms. priced securities -- they cannot be ms.ispriced by that much. it doesn't sound to me like 12% returns. what is the secret? leverage? >> not at all. you would be surprised -- there are large markets. inc. about the u.s. housing market and the u.s. real estate market. we do some stuff in europe.

i don't advocate people buying fannie and freddie.hank's going to win or not, you think it's better than 50/50 -- liz: i've always said 65 clash clash -- 65/35. >> 50/50. liz: only because i'm watching the judge, tom wheeler. >> okay, wrinkle. bill ackman, i think, ferrell inly sued fannie -- the government, joined some lawsuit or sued them, now, i have to to check this, but he initially did it in federal court. i have to go back and check this and if you're trading this, check this out. this is all googleable. he went and changed and basically kind of killed that suit and brought it to the federal claims court; ie, the same federal claims court where hank greenberg has his case. liz: aha. charlie, thank you. >> that doesn't tell you something? liz: follow him and me on twitter because he tweeted these pictures of the successes city lingerie -- sexy lingerie models are last week. >> we not only give you sex, we give you money. liz the two best things. >> in life. and vodka. i love vodka. [laughter] liz: programming note, speaking of v

i'm for getting rid of fannie mae and freddie mac. the trillions, are essentially housing advocates, repay treat the money government took out of fannie mae and freddie mac they want to repatriot. so do hedge fund managers. bill ackman suing in federal claims court, repatriot money. give it back to freddie and fannie. housing advocates want the lend more to keep them in business. interesting alignment lefties sported people like elizabeth war return and bill ackman and all these others -- cheryl: full story at foxbusiness.com, correct. good. >> this is a story that is not going to go away. the stock is acting very interesting. cheryl: before we go to break i do want to bring this up to lighten the mood here a little bit. you all know the barrel scouts. you probably love their cookies -- girl scouts. they may not be getting their supply demand merit badge. there is thin mint shortage, causing orders to be slightly delayed. we found a solution here. for less than $60 you can buy miniature oven and make the cookies yourself. is this a wi

fighting for all efforts to do that were fought by the democrats unfortunately to fix fannie and freddie, should bush have fought harder for it? absolutely. did the democrats stop it in the senate? yes, they did we need reform. the first thing obama did when he came in was make that spending in iraq and afghanistan in the base line of the budget to make it infinitely into the future. we took that back and stopped that abuse with the budget deal going into 2011, the republicans in the house and senate. we dramatically have different parties, the republican party both willing to reform entitlements and paul ryan we talked about earlier has four times put forward a budget that reforms entitlements and keeps the country from going bankrupt. obama and the government put no reform of entitlements on the table, period and added another unreformed entitlement and falls apart and have to tack it together again, obamacare. it's not fair now and was in past years and not fair now to say the republicans have not put on and voted for a plan to reform entitlements to the country doesn't go bankrupt an

he spent two years at freddie mac.g at a long-term change that will never recover? is this a cycle that is going to return to her it was? >> the summer of 2008 was a pretty eventful time. it was one i will never forget. in the mid-2000;'s the people owning homes should have been renting. fannie, freddie originated 98% to 99% of all mortgages. up from 44% in 2006. we've seen the banks leaving that market. tom: are we the only clowns doing this? >> the u.s. markets are based on capital markets. tom: run by the u.s. government, that is not capital markets. >> it is based on securitization models. home ownership is a social good in the u.s. if you look at the history of banking -- brendan: are we back to where we were in the 1940's and 1950's, we need a greater government intervention? >> right now, yes. the u.s. market market is so used to having the government backstop. tom: olivia is going to be at the -- olivia: i'm going to florida. tom: she's always going someplace. life with olivia -- me, brendan and mike have no li

while freddie sanchez is still battling to have his wife's lost wages covered.the telephone station operator paul sing called the water and in the gasoline an accident and said he would cover all related costs even if his insurance company would not. jeff cole, fox 29 news. >>> wild police chase involving an 18 wheeler plays out in western pennsylvania. it all started when police say a man called westmoreland county dispatchers early saturday morning and said he was planning to crash his truck. state troopers found him and tried to pull the truck over but the driver would not stop. during the 34-mile chase. police say he through things from his cab including socks shoes even a small refrigerator. finally officers stopped the truck using spike strips. they had to use a stun gun to get the driver out of the truck. he is now facing several charges charges. >>> the clock is ticking to sign up for obama care midnight is the deadline now 10:20 and the last minute rush the site hit a glitch again. a lot of folks on valentine's day not in love with health care.gov. a gl

that this fannie mae/freddie mac windfall could end.but it doesn't appear to be ending anytime soon. >> the companies -- remember when peter lynch loved fannie mae? they decided under the range administration, take huge housing risk at the wrong time. always a profitable fee-based business. yeah, i still think if you read -- i think those profits belong -- >> enormous risk. nobody's gone to jail. >> jim stewart. >> in "the times." winners for the week on the nasdaq 100, regeneron, celgene, biogen. but facebook in the top four. >> yeah. facebook, facebook basically, you know people reval waiting, it's a rerating of the company. regeneron had head-to-head competition that they won. celgene had expanded use of the multiple don't forget biogen the alzheimer's product which i think will take the world by storm. the big four copming on strong. >> bob pisani, see what's move on the floor. >> mixed morning. mixed morning in europe. flash pmi data either side of positive or negative. france better than expected. take a look at europe. again, sti

otherwise taxpayers simply take the losses as they did on fannie mae and freddie mac and again on the. david: wouldn't snowball into the entire financial system the way the last one did? >> well it depends on how many poor quality mortgages are outstanding at time the break occurs of the last time by 2008, more than majority of mortgages outstanding in the united states were low quality mortgages. david: wow. >> when the bubble began to quote laps, these mortgages began to fail in unprecedented numbers. david: a voice in the wilderness, peter. >> i am, but we could make it happen if people would look. david: peter wallison, hiding in plain sight. good to see you, peter. thank you very much. liz, over to you. liz: quite the five-year rally. s&p 500 already hit many banks year-end targets 11 months early. have we run up too fast or did they simply get it wrong and undershoot? >>> plus two billionaire investors hoping to put their portfolios into overdrive, placing big bets on general motors. should you follow their lead or does the company still have challenges ahead they can't deal wit

the government is starting two-step been like freddie mac or fannie mae offering loans. government is trying to do it. but it has been my experience that foreclosure or eviction are caused by the same thing of a financial event and there is a lot of reasons it's called motorship plays out from the macro economic standpoint that rent cannot afford you. tom: that will take a long time to get the same goals and their. preaching race ab is preaching equal pay. >> i don't say can i give you more? that is not what you do when you run a business. what women have to do is walk away. >> those who want better pay should just walk away from their jobs? let us know if you agree or disagree. new york city may not have cut and the democratic convention in 2016 but something tells me it could care less. your daughter has a brilliant idea for her science project. and you could make it happen. right? wrong. because you're not you you're a cancer hospital and your daughter... she's a team of leading researchers... and that brilliant idea is a breakthrough in patient treatment that could s

it started in europe, and after that they named the movies, like freddy freddy krueger.arted with business, some sue. >> hey, have you seen that movie about the star wars? >> what was the name of that? >> i don't know. >> i'm the guy who had a job at a hut in a bar. >> most women love men that have an accent, okay? but for a long time that -- the favorite accent around the world was french but there was a poll done by "the daily mail" and it turns out that has changed and now it's the english accent that is preferred. and i happen to be the lucky recipient of the accent. my husband peter took a selfie with jasper. don't -- he wasn't with a stick, he just took a selfie because he went to the park and i was not there, but we have been together 18 years. >> we have to go. set your dvrs so you don't ever miss an episode of "the five." have a great valentine's day. >>> hello i'm eric shawn. welcome to a brand new hour of "america's news headquarters. >> and i'm arthel neville. topping the news this hour the hunt is on right now for a gunman in denmark after what danish securi

congress promised to banish fannie mae and freddie mac after the housing crisis.re making a couple of bucks. no one is talking about abolishing -- >> not only that. but ladies and gentlemen, fannie mae and freddie mac just made an announcement a month or two ago and this is one of the biggest outrage i ever heard they will start providing 100% taxpayer guarantees paid by all of us for 3% down payment loans. >> we're starting that again. >> we're right back where we started. the energy department, i'm going to tell you something that sounds pretty radical but the biggest obstacle to economic growth in this country is the radical green movement of america which has become the modern rust. these are people trying destroy our industrial base stopping our energy production and by the way the only reason the economy is growing right now is because of the shale oil and gas revolution. and the biggest scam in the last 100 years is climate change. this is the roger of the left. >> the guy that ran the energy department, very smart guy, professor i think at m.i.t. he wanted

jen freddie's in the roving vehicle. there she is. she will be in new jersey and pennsylvania most of the the day. steve keeley is in cape may county what do you think of that. >> lets check with steve first. >> hi, steve. >> well, we are seeing the opposite of what bob kelly saw. i was surprised by the number of plows beef seen out this early private plows like this guy but, and, and, lime green trucks went by on dell sigh drive. so a great job, here in south jersey, as we make our way to the beach. i will go over and town to this by. we now how treacherous and dangerous that can be this guy looks rather trust worthy. how are you. you are a viewer if you know my name. how are things with the you mr. business. >> the road are pretty icy. they are in the real good just yet. they will get better. >> are you happy. >> i had a broken plow this morning. now we're ready to go to work. >> i talk to the last driver he was out since seven. what time did you start working. >> i left at 4:00. >> you will work until nobody is paying you anymore.

call herzog and fab five freddie and get bill bellamy that job. >> if you want to keep in touch withtouring all over the country, pittsburgh and d.c. and vegas, i'm killing with my comedy tour as well. kennedy: i love it. the booty call has arisen, it's the resurrection bill. >> it's the resurrection. kennedy: coming up next, another reason to party. i will give you a recipe that will keep you alive and awake this tuesday. you got to stay tuned for that. and love bill bellamy. always. we'll post a picture on instagram in moments. ♪ hey, john! john and horace dodge launched their first car in 1914. but they were not only business partners, they were brothers. competitive... stubborn... and always pushing each other, the way only brothers can. ♪ one hundred years later, their spirit lives on. . kennedy: hey, there we're almost done, for tonight's night cap, the lashout of the day, yet another reason for you to party. today is national have a brownie day, i never miss an opportunity to have a brownie, and many of you know i spend my weekends baking gluten-free treats with my girls. here

certainly, fannie and freddy all have mortgages where there is physical property. so summarize the state of our financial fiscal union, it is at best shaky. i think our housing markets have been driven by an immense flood of finance liquidity. that has gotten stuck in the banking system and not made it to the greater economy. it has been good for banks but not necessarily the economy. when the fed starts to raise the rates i think housing prices will flatten or decline in the coming years. when i was on the helm and everybody chanting housing prices never go down. and they do decline and when they do nasty things happen. you need to keep that in mind. and those along the coast like san francisco, my end view is that a housing price decline is probably a good thing. incomes there are far short of what one would need to afford a house, but it will be a painful adjustment. and things have be driven by free money from the fed. to the extent this assistance has helped build bank balance sheets, but we'll wait to see. but over the fundament flaws in our financial system,

however, i should note there is some weakness in fannie and freddie.here is a lot of pressure now overall to reform it. >> youtube, something with children is coming out. >> yeah. youtube for kids. it is coming out just for kids. we can watch it too. it is coming out with channels like sesame street mother goose tube the, national geographic television. looks like fun. parents have long asked for something like this that was clean, easy to use, easy enough for kids who can't even read yet to use. just good, clean family fun. it's only available on android, which makes sense because they own youtube. they are keeping it in the family. >> sounds like a win-win. thank you so much, my cole. good to see you >>> good to see you. >>> coping with the cold in ohio ohio. >>> i'll be in los angeles with a preview of the academy awards with a closeup look at best picture. that's tomorrow at noon eastern. the bangladesh economist received the nobel peace prize in 2006. it gave loans to entrepreneurs who were too poor to get a lope especially women. it has made him

freddy maureira, dre la menor, dijo quea el era duro que una hija di eso ro quetenia que apoyarla.l antedente de que ya perdieron a su primogeno por la misma enfermedad. jose regresocontigo.. afn -2shot --- nos vamosla pausanticiero telemundo 48 a sez. --- nos vamos a la pausa en noticiero telemundo 48 a las diez. juan fran - take vo --adems, si usted toma caf le miles de usuarios fueran expuestos al virus del sarampin... take vo ---segn los funcionarios del sistema de transporte un pasajero infectado abord un tren el viernes pasado en la estacin milbrae con destino al centro cvico de san francisco... --- desde diciembre este es el cuarto caso confirmado de sarampin en el condado de san mateo.. y eleva a 17 el nmero de infectados en el rea de la baha y a 127 a nivel estatal..... ---los mdicos dicen que si la persona ha sido vacunada existe poco riesgo de contraer esta enfermedad.. juanfra/two shot --- en san francisco el nuevo cdigo de rea no slo est dando dolores de cabeza a los usuarios... take vo sino que tambin est afectando sus bolsillos.. -- el servicio no funciona cada vez q

. >>> and ryan sandberg's message to his team and freddy galvis has a message for those that think he can fill jimmy rollin's shoeses. >> our high in philadelphia only 25 degrees that is 20 degrees below normal and tomorrow we rise above freezing but don't get used to it. >> those stories and more when "action news" continues tonight. we work weekends here. because it works for our patients. here, at cancer treatment centers of america in philadelphia, we give our patients the freedom to make appointments that fit their schedules, even on weekends. because we believe in being here when our patients need us, so they can keep living their busy lives. weekend appointments are now available here. learn more at cancercenter.com/eastern. hey, honey? huh? oh, you caught me daydreaming. dreaming about a salt water bedroom aquarium? i am, actually. with exotic fish? yeah! and a giant star fish? how can you tell? you've been staring at the new instant game from the pennsylvania lottery. right. $300,000 buried treasure. with 10 top prizes of $300,000. (announcer) want to see your dream come to l

parte, el inter de milÁn tambiÉn se metiÓ en los octavos de final ganando al celtic 1_0, con gol de freddyl de la ida, por eso fue necesario tiempo extra. ♪ ♪ ♪ ilia: a continuaciÓn, stephanie bradford entrevista a la estrella de la nueva pelÍcula "a la mala", e hija del comediante eugenio derbez, veamos. stephanie: hacer que su padre siente el orgullo de su trabajo como actriz, fue uno de los retos que enfrento aislin derbez, hija del comediante eugenio derbez. aislin: mi padre tiene una participaciÓn muy especial, y es muy chistosa porque sale de Él mismo. stephanie: esta comedia romÁntica cuenta la historia de una chica que aspira a convertirse en actriz, sin embargo encuentra una lucrativa carrera cuando las mujeres la contrata para poner a prueba la fidelidad de los amores. aislin: es mala, no cree en el amor, piensa que los hombres son de lo peor, estÁ muy bloqueada, y el clima de la pelÍcula sucede entre una productora muy importante le dice eleva a dar el papel protagÓnico de su vida, siempre y cuando le haga un favorsito, con el ex novio, el ex novios mauricio guzmÁn, que de algun

next speaker, please >> hi, i'm freddie live in the neighborhood the last 40

insofar as freddie mack and fannie mae are under conservatorship conservatorship, insofar as you are moving quickly toward a common security zags platform can you identify any compelling public benefit for these two entities, other than it is status quo to be separate as opposed to one? >> well you know, that's a public debate that i think should be had. there's a value to competition because it makes both enterprises better. we have aligned fannie and freddie's practices on a number of issues that were important to the public policy objectives. but i think there's some value to allowing them to compete on things that don't have a public policy imperative to them. so i guess -- but we have aligned them on a number of issues -- >> i would think it that quality of service would be an example of that. >> well if you talk to one of them as opposed to the other they will tell you that their quality of service is higher than the other one, depending on which one you talk to. but we -- it's important for them to continue to compete on the quality of the service that they deliver. that's one

next speaker, please >> hi, i'm freddie live in the neighborhood the last 40 something years i have 6 brothers and sisters and know and all the families there were 6 sisters down there i used to play with anastasia as a kid and became a carpenter they have the most merger house they want to have their daughter to sleep in a speculate room and not have to do a lot of changes sound like a good thing we should 11 people at my home we're you'll in favor thanks for hearing me. >> thank you. >> thank you. next speaker, please. >> good evening. i'm karen and i've core survive treated anastasia for that 10 years for her disability she isn't able to work full-time i've seen her through a lot of pain and disability and economically would be very difficult for her she can't work full-time she is teachers apartment because of her spinal condition can't generate more income so the economic hearts @att park of making the project bigger would be limiting to them to the point where they couldn't do that i'd like to see them stay in the neighborhood i've lived in the neighborhood for thirty years i kn

>> the rock tars, freddie mercury, david bowie of course. >> so you said you got that fabulous coat fromid bowie. >> yep. >> back in the 70s . >> you were not born in the 70s though. >> no. i got a time machine. >> i thought you were maybe an old soul coming around. so what are you most excited about or hoping to get out of the idol experience? >> i just think exposure. that is the best part of it. also, i met so many amazing people that you see on the show. >> so many talented people. >> so many talented people. i remember get willing and thinking i can't believe how much talent there is. not only in america, in this world. it is amazing. >> oh my gosh, yeah. speaking of talent, the judges. what was it like going in front of the judges? what did you think? >> i think that for me, tiswases surreal, like the whole experience was so surreal i was like i am ready to do this. i was thinking i'm ready to do this. after it happened they said you are going to hollywood. i thought did this just happen? >> did you get some good advice? >> most definitely. um, i think that one of the most importan

on the the other end, on the high end, you're seeing fannie and freddi offering 3% mortgages with people with better credit scores and things like that to help on the higher end also. >> we'll have to leave it there. joe gallagher, lpl financial. that's it for the news. we're back on tv at 5:00 and 24/7 on our wusa9 app. it's free and it's terrific. have a great day, everybody. enjoy the sunshine. i bring the gift of the name your price tool to help you find a price that fits your budget. uh-oh. the name your price tool. she's not to be trusted. kill her. flo: it will save you money! the name your price tool isn't witchcraft! and i didn't turn your daughter into a rooster. she just looks like that. burn the witch! the name your price tool a dangerously progressive idea. >> sage: hey, you're gonna wear those shoes out before the hearing begins. >> nick: [ chuckles ] yeah, actually was an inch taller when i got here. >> sage: well, reinforcements are here. >> nick: well, believe it or not, i actually look terrible in heels, so... >> sage: [ laughs ] i was offering myself, not my footwear.

the one expected to fill those shoe freddie, who struggled last year. from balmy, clearwater, florida. marshall harris. >>> flyers, hosting columbus. five points behind the bruins. flyers won in buffalo last night. they have gotten points in nine straight games. bruins have lost 4 of 5. the trade deadline is two weeks away. listen to the flyers' gm ron hextall. >> we're going to do it as is. we're not going to give part of our future away to make the playoffs. we believe we can make the playoffs right now. we like our depth so we're not going to add anything. if something comes along the other way, i don't know. >> that is a profound statement there up. don't hear that from a flyers' gm very often. john clark, we're right back. woman: i was tired of my chronic constipation and the way it made me feel the discomfort the bloating the straining. i'd just felt this way for too long. so i finally talked to my doctor about my symptoms. i'd tried laxatives before. he prescribed amitiza (lubiprostone) for my chronic constipation. it works differently than laxat

i mean basically we're in schizophrenia concerning fannie mae and freddie mac.atistic. they borrowed from the united states government. in return for that they paid back $225 billion in cash. they have issued a series they preferred which is worth $190 billion. and they have warrants which the u.s. government owns which i think are worth $20 billion. so in essence, fannie and freddie are sitting there with somewhere between $425 billion and $450 billion which they've given back to the united states. >> that's a lot of money. >> it's a lot of money, but what's kind of interesting is the united states government wants to eliminate the $190 billion series a preferred and the warrants without giving the taxpayer anything for them. >> dick before you go i've got to get you on one other topic which is jpmorgan. they have their investor day today. there's also an article in "the wall street journal" today saying they'll be telling certain clients you have to pay us to keep your money. effectively they don't want to keep the money. how's that conversation going to go an

. >> reporter: after trading jimmy rollins freddie galvis has pretty big shoes to fill. >> i figure i am ready to go. i come here to spring training to work. >> if you are making a change, a bit of the transition to younger people it takes time for them to get their feet on the ground. sometimes young people make quick adjustment and we might get more production out of some players then we anticipate. >> you never know. >> you are right. >> it is spring training so everyone right now is describing on the power of positive thinking and knows, this team could surprise people. reporting from clearwater, leslie vanan arsdal for "eyewitness sports". >> they think they will be better than you all think they are. >> good i love that. >> they are feeling good about themselves. >> we hope they are right. >> thanks, beasley. >> we will be right back. thanks for watching "eyewitness news" at 6:00 we are back at ten on our cw philly and back here on cbs one at 11:00. >>> "cbs evening news" is next. fiery train crash injuries dozens and they will have the new technology that saves lives there and

certainly fannie, and freddy all had mortgages where there is physical property. so summarize the state of our financial fiscal union it is at best shaky. i think our housing market has been driven by an immense flood of finance liquidity and that has gotten stuck in the banking system and not made it to the greater economy. it has been good for banks but not necessarily the economy. when they raise the rates i think housing prices will flatten or decline in the coming years. when i was on the helm and everybody chanting housing prices haven't gone down, and they do decline and when they do nasty things happen. so keep that in mind. and those along the coast like san francisco, my end view is that a housing price decline is a good thing. incomes there are far short of what one would need to be a house but it will be a painful adjustment. and things have be driven by free money from the fed. to the extent this assistance has back door increases, but we'll wait to see. but over the fundament flaws in our financial system i very much worry another financial crisis ma

. >> after trading jimmy rollins freddie galvis has pretty big shoes to fill. >> i feel ready to go.ried to work and do my best. >> if you're making a change a bit of a transition the younger people it takes time for them to debt their feet on the ground. sometimes young people make quick adjust manies and we might get more production out of some players than we anticipate. >> you never know. >> you never know, right. >> it is spring training. so everyone right now is subscribing to the power of positive thinking hahn nose, this team could surprise a lot of people. reporting in clearwater lesley van arsdall eyewitness sports. >> villanova darien hilliard and pinkston in the final home game at the pavilion facing prof den. he scored 19 of his team high 24 points. jason scored 16 points and grabbed eight rebounds as the sixth ranked wildcats won their 26th straight game at the pavilion beating the friars, 89- 89-61. we'll be right back. ♪ ♪ >>> update to story we brought you last night. the rescue of nan tease in florida. >> it turns out there were 19 manatees in a storm drain there. m