fannie and freddie. so with that, the 10-year anniversary, the actual causes continue to be largely ignored. diagnosing it correctly is of vital importance, as peter said. there was an original and continuing misdiagnosis. deregulation, the private sector, market failure. we're really talking about, what -- why did it happen? this led to incorrect prescriptions. massive new sets of regulations including qualified mortgages, qualified residential mortgages. i'll come back to that in a few minutes. and an expanded role for the government's subprime lender, f.h.a. the result has been a slow recovery, financial regulatory failures, the same flawed affordable housing policy that we had for 60 or 70 years but it was doubled down in 1992. the correct diagnosis is that the government policies forced a systemic loosening of underwriting standards throughout the industry in an effort to promote affordable housing. the price boom one was due to the misdiagnosis, we are now in the middle of price boom two. price boo

maria: fannie mae and freddie mac, you stabilized them at one point.hat's an area where people feel it could have gone in a terrible direction. >> i think the thing we did that was most of impactful that's least noticed today, these two agencies are huge. they have $5.4 trillion in securities outstanding. they were insuring half of all mort gangs originated. their securities were sold and held all around the world. and when they began to implode, it could have been a disaster if we hadn't couple with a way to stabilize them and nationalize them. can you imagine if we had not nationalized fannie or freddie before lehman went down? the roltr -- the other thing that's not generally recognized. i believe putting fannie and freddie into concern toreship did more -- into conservatorship, by nationalizing fannie and freddie, it's the only source of financing during the crisis. just imagine if they hadn't been nationalized how much farther home prices would have fallen and how many people would have lost their homes. maria: investors in fannie and freddie toda

same with fannie mae and freddie mac.tim geithner talked how applying constraints on risk-taking to only part of the financial system, just the banks , and allow other financial institutions to operate outside the constraints, you leave the overall financial system less resilient and banks may look more stable but there role in the system will shrink over time. it in h where money -- companies get their money. -- it in cap legs were -- encapsulates where companies get their money. large difference between financial institutions and companies in the private sector, they are not guaranteed by the federal government. it has been a good deal for the taxpayer that the sweep of profits for fannie mae and freddie mac, but they are not recapitalized. when the market turns and they suffer losses, it will be a bad deal for the taxpayer. david: 10 years ago, did hank alstom bailout fannie mae and freddie -- did he do it because he had huge bondholders around the world including japanese institutions and the japanese government, and

freddie: i think it's fascinating.come up on any of our screens, but it is staggering, the growth. nonpsychoticg the here, which could create an addressable market for it. it could be a nonactive ingredient in other things. anna: it will be interesting to see which innovative products come out of this. you don't have anything that particularly plays on that scene. other things we are talking about, the japanese election seems crucial for the economic policy in japan. abe could be the longest-serving prime minister in japanese history. could japanese consumers want to play? there is a skin care and makeup business fantastic legal regarded in a shed, but it asia, but still loses money in america. shire really interested in seido. and a sony is the number one music and video assets globally and number one supplier of content for netflix and spotify. a fantastically well-positioned business. anna: matt? matt: what are the industry groups you like missed the concern about trade -- amidst the concern about trade? ddie: i am

fannie and freddie kept backing loans.pt buying mbf and fha expanded like it was designed to do. everything worked and the housing crisis that people said could last for decades lasted several yearsnd home prices quickly started to regain value. >> underns vatorship, fannie and freddie drew money from treasury, but were and are required to pay any left to the government and ten years later, uncle sam ishe reaping rewards. >> fannie and freddie together drew $141.4 billion from the treasury, but so far have paid $279.7 billion, a net profit of 88.3 billion and they continue to pay. some argue that profit i part of why congress and the administration have done very little to reform the nation's mortgage system. >> the problem is if the syste works well enough then nobody is willing to take the politingl risk to c it. if you look at what's coming up in the next two years. we have a p sidential election in 2020. the idea that the trump i administrati going to tinker with the housing finance system 18 month, 12 months before vo

who teaches you the freddy mercury moves? >> that's the thing. join them in london in the ballet because they thought he was an exceptional dancer. when he got to training with them they realized he couldn't dance. he'll tell you this. he just moved -- was kind of spontaneous combustion with him. >> jimmy: so what happened when they found out he couldn't dance? >> they carried him across. [ laughter ] really. >> jimmy: really? >> yeah, pretty fascinating. he said, carry me around and i can keep my legs straight and hold my arms out. >> jimmy: did you meet any of his family when you were shooting this? >> yeah, i did. i met his sister. >> jimmy: oh, wow. >> met his sister. she got to see me as young freddy with long hair, and of course the teeth, makeup, the whole kind of 1970s early glam rock look. >> jimmy: what was her reaction to that? >> she laughed. [ laughter ] >> jimmy: what, really? she laughed? >> as you could imagine, it was an incredibly kind of bizarre, alien moment for her. >> jimmy: i would have guessed she would have maybe burst in

reformthat we needed to fannie mae and freddie mac.ehind,eft a blueprint a plan for how to perform the regulatory system but that would take a lot of work. i recognized the actions we have taken had prevented a far worse disaster, but the markets were still fragile. >> asian markets tumbled. the stock market has been falling day after day. hank: looking at it today one of the things i'm proudest of is that we got congress to do some pretty extraordinary things, twice. first with fannie and freddie, and then with the tarp before the system collapsed. 171.3 to the motion is adopted. hank: the obama administration managed them well, adapted than the market conditions and they worked. when we look at our flagship bank insurance companies capital program, all the money has come back plus $32 billion. if you look at the tarp in totality, all the investment programs of the tarp excluding the obama administration's spending program for mortgage relief, more than all the investments of come back. they are not a lot of government programs that c

the first was, the team we put in place on the ground at any and freddie -- at fannie and freddie discoveredital shortfall. that was concerning. secondly. the market was raising more concerns. number of research analysts were questioning whether these institutions were viable. >> can they survive if the housing market gets no worse than it is today? >> i don't believe so. >> if they were to fail, analysts say mortgage rates would soar, lending would halt and borrowers would pay higher rates, sinking the economy into a deeper downturn. hank: we needed a plan where we took over the company's on sunday so we could open up monday under new management. one of the ceos called me and said what is going on? i said i cannot tell you. i couldn't even give them a clue. i knew what they would be compelled to do if i talked. there is no way the ceos or boards could agree with anything that would undermine shareholders. they had a fiduciary duty to protect shareholders'interests. there was no choice but to move quickly to put them into conservatorship, where the government backstop debt securities. when i

. >>> back from the brink, we're diving in on fannie and freddie a cadede later with tough food, your may slip and fall. new fixodent ultra-max hold gives you the strongest hold ever to lock your dentures. so now you can eat tough food without worry. fixodent and forget it. >>> today marks a bill milestone for the housing market ten years ago fannie mae and freddie mac were bleeding goverm out an too out and took them over diana olick now looks at what the future holds for them. >> reporter: if fannie and freddie had gone under, the housing recovery would look nothing like it does today >> everything worked the housing crisis that team say could last for decades lasted several years and home kriss regainr prices regained value. if anybody said they saw this in 2008 or 2009, they're kidding themselves it's been remarkable. >> reporter: under government conservatorship fannie and freddie drew money in the treasury but were required to pay profits back to the golf e government fannie and freddie drew 194$1944 billion from the treasury. so far they paid 279.7 billion back a net profit of

fannie and freddie were not participating in them. what happened at the end of the boom is that fannie and freddie saw that it's market share was going down. what they did with their money, their profit, they went and bought those securities as an investment. that is one of the ways they lost a lot of money. it is also true that foreclosures went up across the country, including loans that have been injured by fannie and freddie. sometimes they went down by more than 20%, and those mortgages were underwater. some people were not able to pay. fannie and freddie, to say they caused this or that george bush's encouragement of working class people who did not have the down payment to be able to make that the government caused this, this was financial market driven. host: we want to get back to the calls quickly. if you could quickly sought -- if you could quickly explain. -- dodd-frank signed into law by obama. guest: i don't really agree with it. there was a problem with it in that the law requires a lot of reporting and a lot of stress

. >> two of the leading insurers of mortgage-backed caceres -- securities are freddie may -- freddie mac and fannie mae. >> fannie mae and freddie mac are so large and so interwoven in our financial system that the failure of either of them would cause great turmoil in the financial markets, here at home and around the globe. we have determined it is necessary to take action. >> we look forward to working closely with congress to resolve this financial crisis and get our economy moving again. >> our economy is in a state of crisis, but you get to keep $480 million. i have a very basic question for you. is this fair? >> at the i of the storm was the investment banks leaders who , faced critical decision. we spoke with top executives to find out what they were thinking then and what they think now of the changes that have reshaped the financial landscape. let's start the conversation. he is now president in 2008, he . it was cohead of investment banking at deutsche bank. do you recall the moment when you felt real fear? >> there had been fear all along. when you run markets, fear is a

fannie and freddie kept backing loans. people kept buying mbs and fha expanded like it was designed to do everything worked and the housing crisis that people said could last for decades lasted several years and home prices quickly started to regain value. >> under conservatorship, fannie and freddie drew money from treasury, but were and are required to pay any profits back to the government. and ten years late uncle sam is reaping the rewards. >> fannie and freddie together drew 191$191.4 billion from th treasury, but so far have paid $279.7 billion, a net profit of 88.3 billion and they continue to pay some argue that profit is part of why congress and the administration have done very little to reform the nation's mortgage system. >> the problem is if the system works well enough then nobody is willing to take the political risk to change it. if you look at what's coming up in the next two years. we have a presidential election in 2020. the idea that the trump administration is going to tinker with the housing finance

s, fannie mae and freddie mac? why? based on size alone, in early september, 2008, before lehman failed, fannie and freddie had total assets and guaranteed mortgage-backed securities utstanding of roughly $4.5 trillion. where can as lehman assets were 0.6 trillion. that is the g.s.e.'s were 7 1/2 times the size of lehman. no one doubts the g.s.e.'s would have defaulted if they had not been taken into federal conservativeship in september of 2008. think about what kind of crisis that would have been. 4.5 trillion of assets in default that everyone thought had been de facto guaranteed by the united states government. in this mode of reasoning makes you -- if this mode of reasoning makes you uncomfort and, it should. we need to look at much more than size. so my first slide shows a chart lifted from wallison's dissent. in the good old days a prime mortgage meant, among other things, that a home buyer put up at least a 20% down payment. when buying a home. as the chart shows, before 1990, the g.s.e.'s financed very few rtga

freddie jackson: ♪ you are my lady announcer: it's the sound of "classic soul ballads." ♪ if ever you're in my arms again this time ♪ peabo: hi, i'm peabo bryson. i've been singing soul ballads for over 30 years now, and i've been in great company. wonderful artists like marvin gray, the great al green, they took love songs and added a whole lot of soul and created absolute magic. smokey robinson: ♪ baby, let's cruise away from here ♪ luther vandross: ♪ here and now i promise to love faithfully ♪ peabo: a great soul ballad is something very special. it is so much more than a song you sing, it is music that gets deep inside of you. teddy pendergrass: ♪ if you don't know me by now you will never know me ♪ peabo: i'd like to introduce you to my good friend and cohost, the lovely angela martinez. something very special. it is so much more than a song you sing, it is music that gets deep inside of you. teddy pendergrass: ♪ if you angela: i have always loved your music. you have really done it all. you have had number one hits, won grammys and sung some of the greatest duets w

fannie and freddie and aig all happened.some ways, we should have been prepared but i don't think anyone in the world was prepared for the devastation that hit the morning after the bankruptcy of lehman brothers and the chaos in the markets. >> this is because people didn't understand the interconnectedness of what banks were lending to each other. do we now fully understand it 10 years on? bob: it is absolutely correct we didn't understand completely the interconnectedness. there is a better understanding today. banks are safer and sounder, but to say we understand all the complexity of the interconnectedness would probably be a bit optimistic. >> we felt this is unlikely to happen. we really thought at the last minute, the u.s. government would jump in. i was traveling from zurich to frankfurt when i got a phone call from our u.s. head telling me it is over and that was really the worst-case outcome. we hadn't expected that. guy: what was the first thought that went through your head? do you think deutsche bank, the wider

to the leading purchasers of mortgage-backed were fannie mae and freddie. because these companies were chartered by congress, many believe they were guaranteed by the federal government this allowed them to borrow enormous sums of money. few of the markets were questionable investments and put our financial system at risk. the decline in the housing market set off a domino effect across our economy. when home values declined, borrowers defaulted on their mortgages and investors holding mortgage-backed securities began to incur serious losses. before long, the securities became so unreliable they were not being bought or sold. investment banks such as bear stearns and lehman brothers found themselves saddled with large amounts of assets they could not sell. fred they faced imminent collapse. other banks found themselves in severe financial trouble. they all. [inaudible] situation became more precarious by the day. i faced a choice to step in with dramatic government action or to stand back and allow the irresponsible actions of some to undermine the financia

that we have taken very important steps with respects to freddie -- fannie mae and freddie mac and there are monks the most important actions we can take to work through this turmoil. committed to working with regulators here and abroad, as well as policymakers in congress to take additional necessary steps to maintain that the -- the stability and orderliness of our financial markets. thank you all and let me take your questions. can you talk about what the federal role should be going forward and are we likely to see anymore in the near terms? >> the federal role is very important? as you have heard me say, nothing is more important than our stability of our capital markets. i think it is important to regulators that we are very vigilant. we do not take lightly ever putting the taxpayers on the line to support an institution. should we read that as no more? >> it is important for us to orderly of our financial system. it is something i do not take like the dust likely. the other thing i want to focus on is the way our financial system came together that those institutional leaders comi

tonight -- kelly clarkson, from "the good doctor," actor freddie highmore, documentary filmmaker, kenns, featuring the 8g band with sean kinney. ♪ [ cheers and applause ] ladies and gentlemen, seth meyers. [ cheers and applause ] >> seth: good evening. i'm seth meyers. this is "late night." how's everybody doing tonight? [ cheers and applause ] that is fantastic to hear. in that case, let's get to the news. today marks the one-year anniversary of hurricane maria in puerto rico. oh, wait, what's the traditional first anniversary gift anyway? oh, no. it's paper. [ laughter ] according to cnn, white house aides were stunned when president trump said the woman accusing supreme court nominee brett kavanaugh of sexual assault should be heard. normally the only thing he wants to hear from a woman is "of course i won't tell melania." [ laughter and applause ] a team of scientists announced yesterday that they now predict current global warming trends could lead sea levels to rise 20 to 30 feet from where they are now. on the bright side -- [ laughter ] [ cheers and applause ] have to give a l

type structure but nothing like fannie or freddie. most of them have fairly comparable rates of home ownership and none of them had the foreclosure crisis we had. and i just believe, alex, you can't get it done now, i'm not sure you're going to get it done. so i'm trying to figure out how do you rationalize a bad system? i still think you can do both at the same time. and i think again one may have to be a catalyst for the other. but please know, hopefully nobody in this room is satisfied with the status quo. because it's too risky and as americans we shouldn't settle for -- we shouldn't settle for it. mr. wallison: let me say that i doubt that in the future we will have smub someone as head of the house financial services committee that is the quality of the man of the -- quality of the man who is there now. we will miss you a lot. mr. hensarling: thank you, peter. [applause] mr. hensarling: q&a. apparently we're not done. mr. wallison: that's a good idea. i didn't know we had that time. mr. hensarling: i parently i didn't either. mr

and freddy mercury's mates. >> and steve harvey plans to and freddy mercury's mates. >> ani've alwaysookedns to rward to what's next. and i'm still going for my best even though i live with a higher risk of stroke due to afib not caused by a heart valve problem. so if there's a better treatment than warfarin, i'm up for that. eliquis. eliquis is proven to reduce stroke risk better than warfarin. plus has significantly less major bleeding than warfarin. eliquis is fda-approved and has both. so what's next? seeing these guys. don't stop taking eliquis unless your doctor tells you to, as stopping increases your risk of having a stroke. eliquis can cause serious and in rare cases fatal bleeding. don't take eliquis if you have an artificial heart valve or abnormal bleeding. while taking eliquis, you may bruise more easily and it may take longer than usual for any bleeding to stop. seek immediate medical care for sudden signs of bleeding, like unusual bruising. eliquis may increase your bleeding risk if you take certain medicines. tell your doctor about all planned medical or dental procedu

then there are certain things like fannie and freddie. the roots of that, what we are doing is living up to our responsibilities which were rooted in congressional charters. they go back and it has been perpetuated by washington. again, what we are focused on right now, i think is the future. the future is stability in our financial markets and working through this period and that is what we are doing. >> a future with what kind of regulation? >> there has got to be a balance between regulation and market discipline. you cannot rely on want to solve the problem but it will have to be streamlined and more effective regulation. there are major changes that we need and we also need major authorities to wind down financial institutions that are not banks, are not federal institutions with deposit insurance. we need resolution that authorities to let us deal with situations like this. >> how concerned are you about commercial banks and what reassurance can you offer the checking account? >> our banking system is a safe and sound one. since the

risk or once again building up within fannie and freddie. government sanctioned monopoly that still controls roughly 99% of all mortgage securitizations. once again insuring loans with as little as 3% down. they have multiple scandals. as i said in the editorial, its deja vu all over again. >> congressman, for those who haven't had a chance to read the editorial, explain real quick what your solution is? >> number one, i don't believe in a government guarantee. i've offered legislation to get rid of it. i'm going to do it again today for no other reason, it makes me feel good. i've always fought this battle unsuccessfully for a number of years. i'm offering along with my democrat colleague, we're offering a compromise plan and so it recognizes it would codify into law the government guarantee in the mortgage backed security market and it would do it through ginnie mae which currently puts a government guarantee on va/hfa housing. >> what would that do in terms of the subsidy or the redistributive benefits or effect of what fannie and freddie

we'll be back with freddie highmore.shouldn't ha. . unnatural things these people they don't sleep... like ever. they reveal in extremes and defy limitations. these pursuits may seem unnecessary. but the scariest thing i can imagine is a world where this, doesn't exist. that's why capital one iss feel the building something completely different. capital one cafés. welcoming places with people here to help you, not sell you. with savings and checking accounts with no fees or minimums. that are easy to open from right here or anywhere in 5 minutes. no smoke. no mirrors. this is banking reimagined. what's in your wallet? to help protect my car? state farm will be here. okay, what about here? yup. nice! my screen didn't crack. thank goodness. what about... obviously. here? i don't think so. that makes sense. what about here? here too. awesome. that wasn't my fault. go with the one that's here l life go right. state farm. with secret-slim pockets.tar slimming panels for your best shape in any size. ♪ hurry in for all jeans on

, i'm so sorry, way home i was saying to freddie, i'm so sorry, i'm so sorry. thing that has made me cry in the first 12 episodes! it has finally broken me! today, rachael's death was announced on air. the news that our beloved colleague, five live presenter and newsreader rachael bland has died this morning. in tributes, rachael was said to have improved understanding of cancer and reduced its stigma and this from her husband, steve. at the end, he said, even though her body was at its wea kest, even though her body was at its weakest, her voice was at its strongest and most powerful and she will always be an incredible inspiration. rachael bland, who died this morning at the age of a0. a major report on the state of the economy says the system is unjust and has called for higher taxes for the wealthy and businesses. the commission on economicjustice — whose members include the archbishop of canterbury — said the minimum wage should rise and people on zero—hours contracts should be paid 20% more. 0ur economics editor, kamal ahmed, has been speaking to people s

and we really wanted to stabilize fannie or freddie before they came unglued. that really was an added incentive. you talk about scary moments, that was another one because here i was in china. so i couldn't pick up the phone and call back to the u.s. because my calls back to the u.s. -- and i couldn't say to ben -- ben had a team of people in fannie and freddie. i couldn't say to ben, how bad is it? i didn't want the chinese -- everything is going to be ok. [laughter] henry: they would listen to the phone. my phone call would be positive things that i couldn't talk about the call i had from the russians. but as soon as i got back, wow, it really gave me an incentive to get moving. >> policy question on fannie and freddie for both of you. when fannie and freddie were put into conservatorship, i can't imagine that anyone on this panel thought 10 years later that it still would be. did you? ben: no, i guess i would have thought that by now there are be -- there would have been some restructuring. we also see that congress is having difficulty making bipartisan, y

. >> how rami malek pulls off his poor trill of freddy mercury.captioning provided by -- >>> few people in hollywood have ever lived with more passion or had more fun than burt reynolds. it showed on the big screen and with the ladies he loved. >> i always thought my whole deal if i had any at all was that i didn't take myself seriously. >> women certainly did. his first wife was judy car. he then had a high profile roms with dinah shore. the one woman he called the love of his life was sally field. a frequent costar. >> if we were lost on a desert long island together, do you think we would get along? >> i remember when i brought up her name to be in "smokey and the bandit." people, said, what do you want her for? she's not sexy. i said, you don't understand. tall sent sexy. truthfully, i don't think she wanted to mary me. you know, this is not a good bit. >> today, sally said, there are times in our life that are so indelible they never fade away. they stay alive 40 years later. my years with burt never died. he will be in my heart until i die.

this was freddy's and this was maria's. she says his bag. freddy's bag. this is stephanie's but. this is maria's bag. this is maria's bag spoke about it to journalist eva bartlett who visited the village of mud just. about the situation in syria and also what western t.v. screens failed to show amid the upcoming battle. there i talk to the civil the sorry the national defense forces and they spoke at length about how the village has been pummeled by missiles from terrorists and it's been on a daily basis over the past many years and they said you know they've been suffering nobody is talking about it and they're looking forward to the liberation of it live because it will ease their suffering it will it will mean the sation of these terrorist acts and if the so these are the kind of things that the media which is busy talking about. media which is busy talking about it are completely negating happening on a daily basis in one day. what syrians have spoken with around the country on previous visits and currently say they want a restoration of all of syria to peace and they want an

maria: on fannie and freddy, investors of fannie and freddy today will say i'm still shocked they're there and at the time administration officials were using money from fannie and freddy, taking it out and putting in other places. is that true? >> i would say this, that the -- when we nationalized fannie and freddy, no one though thought -i didn't think they would consider in their present form. it was a flawed model. no one was defending it at the time. frankly, it worked so well that there was no compelling reason to change things. and as you said, once they were stabilized, they generated income which helped reduce the deficit, went into the national coffers. am i unhappy? aim surprised there's been no permanent reform put in place? yes. do i expect anything to be done in the near term? no. we have huge dysfunction in washington today, but that's a reflection of what we see nationally. our country is tragically divided. we're polarized and at a time when our economy is so strong and growing so nicely and creating jobs, i think it's really important to take that opportunity today

fannie and freddie were not discernible to the naked eye of humankind. i think i just made that up. >> that about does it i would say. the congressman did take over congress at the end of 2010 in a rather read wade so to speak. when they came in there was a lot of talk about appealing -- repealing dodd frank. why did that not happen? >> i can assure you it wasn't for lack of effort on my part. i am at least happy to say as i'm sure everybody is familiar the president did sign into law 2155 and did not repeal dodd frank but to quote the president, we at least did a number on it. it is at least substantially repealed for a community bank and a number of regional banks. why didn't that get done. unfortunately the senate is not a majoritarian institution which i assume everybody in this audience knows. unfortunately not everybody in america. long-standing debate. you will not find the senate revisions enshrined in the constitution and will not find it enshrined in the statute books, it is not in the code of federal regulations, it is merely a tradition. but

an issue you think about a lot is fannie and freddie and how that helped homeowners.>> i don't think it did. imagine how far the housing prices would have fallen if we didn't have mortgage funding during the financial crisis and fannie and freddie were the only source of mortgage financing so that made a very significant difference. i just cannot imagine what would've happened if they had not gone.>> what led you to going to conservatorship? what was the spark for that? the inflection point? >> the spark was these were huge entities. they had five point for trillion dollars in securities outstanding that were getting ready to implode. there are securities sort of flowed like water and treated as if they had had the implicit government guarantee but the entities auctioned off sometimes $20 billion in debt and had an option that had gone wrong. -- and auction that had gone wrong. i started in 2006 and got permission from the first white house to compromise and the president encouraged me to work out a compromise and we were working for a long time but it took them at the end getting re

i love this idea. >> all this planning, the performance, you better say yes. >> well -- freddie mercuryt the birdsd everything and now you're shy. >> well, that's because what is coming next is kind of a big deal. >> will you marry me? >> all of those people are family and friends that obviously love them very much. and they can't wait to be part of what is next. >>> his friend redecorates. >> what have you done? is in need of a singer so -- >> in the age of the internet, you do it like this. >> i want to be a rock star! >> i had goosebumps. >> now the rock stars of herrea tell us what it is like to make the cut. >>> plus, don't miss the thursday buzz word for your chance to win the ipad mini, next. ve the most hang out the most. and make you laugh the most. and drive you crazy the most. the first ever, lysol daily cleanser. made with only 3 ingredients. leaves no harsh chemical residue. and kills 99.9% of germs. lysol what it takes to protect® unexpected situation? aha. (gasps) l'oréal's magic root cover up. 3 seconds to flawless roots. 3, 2, 1. roots gone! magic root cover up by l'oré

fue precisamente en este lugar, aquÍ en la calle que evelyn y freddy se acercaron al vehÍculo.nidadestuviera muerta y de una forma tan inesperada. >> en la vigilia de su hija.ella muere cinco minutos despuÉs que la misma hora que encontraron el cuerpo de su hijo. >> ademÁs bárbara recuerda una conversaciÓn que tuvo hace un par de semanas con evelyn a quien Últimamente se le notaba el deterioro fÍsico y emocional. >> ella me llama y me dice " bÁrbara, tengo un presentimiento. quiero ver mi niÑa crecer, la niÑa chiquita" me dice" quiero ver a mi niÑa crecer, quiero estar segura de poder verla a ella graduarse porque nunca tuve la oportunidad de ver a keila graduarse." la muerte>> resonÓ en la casa blanca. el presidente trump en su cuenta de twitter ofreciÓ palabras de condolencia. >> yo hablÉ con jeff sessions. dijo que la pelea se seguirÁ, especialmente con la ms 13. estÁn haciendo todos los esfuerzos >> la policÍa aÚn no ha presentado ningÚn tipo de cargo criminal en conexiÓn con la muerte de evelyn rodrÍguez. el pasado viernes se llevÓ a cabo el entierro. ahora evelyn descansa

we really wanted to stabilize fannie and freddie before they came unglued. it really was an added incentive. you talk about scary moments, that was another one because here i was in china. i couldn't pick up the phone and call back to the u.s. because my calls back to the u.s., and i couldn't say to ben, how bad is it? --idn't want the chinese they would listen to the phone. positivecall would be things that i couldn't talk about the color had from the russians. as soon as i got back -- about the call i had from the russians. as soon as i got back, it gave me an incentive to get moving. >> policy question. when fannie and freddie were put into conservatorship, i can't imagine that anybody on this panel thought it still would be. did you? ben: i guess i thought that by now there are be some restructuring. congress isthat having difficulty making bipartisan policy decisions. i guess the job that hank did was so good that it has been sustainable. the housing market is functioning. i think there would be good arguments to do some reforms, but it is not an emerge

and all the way home, i was saying to freddie, "i'm so sorry, i'm so sorry." to make me... sorry, that's the first thing that has made me cry in the first 12 episodes of the podcast! it's finally broken me! today, rachael's death was announced on air. the news that our beloved colleague, 5 live presenter and newsreader rachael bland has died this morning. in tributes, rachael was said to have helped improve understanding of cancer and reduce its stigma. and this from her husband, steve. "at the end," he said, "even though her body was at its weakest, rachael's voice was at its strongest and most powerful and she'll always be an incredible inspiration." the bbc‘s rachael bland, who died this morning at the age of 40. high levels of e.coli bacteria were found at a hotel in egypt where a british couple died last month. john and susan cooper from lancashire died during their stay with thomas cook at the steigenburger aqua magic hotel on the red sea. the exact cause of their deaths is still unknown. the tour operator has apologised, saying standards were below what

freddy johnson holds it in and getsit for six. second half, maryland looki to get back into it.d goes 27-yard. it was a two-score game. driving it out of territory.y intercepted bradley. this is 7 yards for a touchdown. 35-14 the final. > i didn't do a good enough job. this falls on meflat out. we didn't doyt ng on offense today. and we didn't play well enough, so i didn't coach well enough. >> this a isearning experience. nother opportunity to get ba next > week. > are starting with this one, starting with me. i need to do atter job. no excuse. this is big boy football. weelidn't playenough and we will play better next week. >> the redskins say, plenty of positive. >> reed catching passes. don't forget these def ahead of tomorrow's home opener against the ol >> when i watch the film, you know, it was just likeokay, yeah, that's what it is supposed to happen. when you go out there and hunt the ball. and they had a good and that. you just have to make i good. got to go two-0. >> not celebrating one win. yeah, we are glad we won it, but got to move onto the next one.at >>day matin

and all the way home, i was saying to freddie, "i‘m so sorry, i‘m so sorry."t‘s finally broken me! today, rachael‘s death was announced on air. the news that our beloved colleague, 5 live presenter and newsreader rachael bland has died this morning. in tributes, rachael was said to have helped improve understanding of cancer and reduce its stigma. and this from her husband, steve. "at the end," he said, "even though her body was at its weakest, rachael‘s voice was at its strongest and most powerful and she‘ll always be an incredible inspiration." the bbc‘s rachael bland, who died this morning at the age of 40. and we‘ll be taking an in—depth look at the papers with our reviewers political commetator lance price and defence correspondent for the times, lucy fisher. that‘s coming up after the headlines at 11:30. now it‘s time for the weather with nick miller. hello. with various weather systems affecting the uk in the coming days, our weather is about to become more u nsettled. our weather is about to become more unsettled. here is our satellite view from wednes

today, we look at the state of the housing market after the collapse of fannie mae and freddie mac.asury announced the government was taking over the mortgage giant. >> fannie mae and freddie mac are so large and interwoven in our financial system that a failure of either of them would cause great turmoil in our markets at home and around the globe. today's action should accelerate stablization of the financial market. they will no longer be managed with a strategy to maximize, shareholder returns, which encouraged risk taking. we would make a grave error if we do not use this timeout to permanently address the structural issues presented by the gse's. joining us now is edward jones senior analyst -- has us is someone who whether the up-and-down's of the chairman and ceo of taylor morrison, sheryl palmer. we try to take a look at then and now. let's look at one particular aspect, which is mortgage originations, which went down dramatically with the prices but have not really, all of the way come all ofreally the way back. will they or is this a healthier environment? >> there are tw

. >> i know one issue you think about a lot is fannie and freddie. and how that you think ultimately did help homeowners. hank: it did help homeowners. imagine how far housing prices would have fallen if we didn't have mortgage funding during the financial crisis, and fannie and freddie were the only source of mortgage financing. that made a very significant difference. i can't imagine what would have happened if they had it gone. >> what was the spark for that? hank: the spark was these were these huge entities. they had like $5.4 trillion in securities outstanding that were getting ready to implode. their securities were $3.7 trillion in the u.s., $1.7 trillion outside of the u.s. it just flowed like water as if it had been treated like it had this implicit government guarantee. these were entities that auctioned off sometimes $20 billion of debt in a week. i had started working in the fall of 2006 with barney frank. i got permission from the bush white house to compromise and the president encouraged me to work on a compromise. we were working for

on september sixth the federal takeover of us government sponsored mortgage lenders fannie mae and freddie mac. . a little over a week later another low wind u.s. investment bank lehman brothers filed for bankruptcy. the u.s. government chose not to step in. stocks around the world crashed as banks lost even more confidence in each other. the following month german chancellor under macko and then finance minister patched work had this message for savers. telling savers that their deposits are safe. shows and an attempt to avoid a run on the banks because. what began as a us subprime mortgage crisis soon had an effect on the global economy trade slowed down dramatically the result in the year two thousand and nine the us economy contracted by almost three percent and the german economy shrunk by five percent. economists young khan joins us from frankfurt now apart from the toxic securities which everyone knows about in which a lot of people actually put their trust in the whole crisis sounds like it was caused by simply a lack of trust. well that's absolutely true and in such a crisis we al