we should liquidate fannie mae and freddie mac at some point. >> whenever the government keeps controlthese things, everything from salaries to everything else gets out of control? >> well, to me, rich nailed it in a sense it's a larger question why is government in the business of propping up home ownership. it gets us in trump. the organizations have gone in and out of quasi governmental status and there is not a lot of accountability. if the organizations were the books of the u.s. government it uld make us look like greece tomorrow. instead, they are in like netherland so stuff like this happens. >> we're beginning to look like greece right now. butome things have improved. prices have gone up but that is supply and demand issue. supply is way down so delinquency rights are still very high. >> this is biggest government stimulus program of all. people forget, this stimulus, five trillion bucks. the president is rallying about fat cat bay but they were exempt from dodd-frank. they basically dominate the mark 90% of the mortgage market. they've got government backing. they don't have

we should liquidate fannie mae and freddie mac at some point. >> whenever the government keeps controlthese things, everything from salaries to everything else gets out of control? >> well, to me, rich nailed it in a sense it's a larger question why is government in the business of propping up home ownership. it gets us in trump. the organizations have gone in and out of quasi governmental status and there is not a lot of accountability. if the organizations were the books of the u.s. government it would make us look like greece tomorrow. instead, they are in like netherland so stuff like this happens. >> we're beginning to look like greece right now. but some things have improved. prices have gone up but that is supply and demand issue. supply is way down so delinquency rights are still very high. >> this is biggest government stimulus program of all. people forget, this stimulus, five trillion bucks. the president is rallying about fat cat bay but they were exempt from dodd-frank. they basically dominate the mark 90% of the mortgage market. they've got government backing. they don't

, let's find out what the parallels are so we interviewed a number of risk officers at freddie mac and the ceo and others and it built out, and when i said back at the end i looked and the one institution we didn't interview was td bank in canada, we didn't interview td bank but i started looking at their financial statements and in 2004 they said we are loading up because the united states some prime mortgages are really great deal and in 2005 they said we decided to get out of the american residential mortgage market. in 2006 they wrote we have taken losses over $100 million which was a lot for that company, but we are out. in 2010 and and clark the ceo gives an interview and says we got out of our exposure to some prime and all the stock analysts wrote that i was an idiot. so i collected as we went some comments that are unfortunately off the record rather than on in terms of alex's point at that the market is a little longer and he has a marvelous choice, longer than you can say employed. one risk officer of a major company, she said to me i got two choices, either i was going

in other words, refinanced -- mortgages refinanced not backed by freddie mac and fan fa.plan to do that. get fannie mae and freddie mac to refinance mortgages banks don't want. here is the deal. if you owe more on the mortgage than your house is worth and current five years or more of payments you could get a refinanced loan at a lower mortgage rate that would be backed by fannie or freddie mac. but the issue here is, here's the deal. the banks are saying look we'll go along with this idea, if we don't have to take those loans that they go sour. if those loans go bad, we don't want them back on our balance sheet. you, fannie mae and freddie mac, that's right, you have to put them on your own balance sheet. here's the deal. now the government is running, get this, 160 programs for housing and renters, right? that is overseen by 20 different federal entities. the thing about nationalizing fannie mae and freddie mac, david, once they get healthy to put them back into the arms of u.s. shareholders. not have them run at expense of u.s. taxpayers. so, the thing is, the administ

fannie mae and freddie mac have underpriced credit risk for decades, everybody knows that. fhfa following congress, the regulator for fannie mae and freddie mac have been raising those fees. we're now at a point where we're getting close to them being self-sustaining. in 2013 they're supposed to go up again, probably another 1/5 of a percent. that will put them at a point where the private sector can start coming back in this market. that is important because the federal government has no capital backing the 10 trillion dollar market, absolutely none. tracy: right. >> fha is insolvent. we need to bring the private sector back where you will have real money backing this, backing this market. earning real returns. and that's why it's so important having these guarantee fees being raised. tracy: you know, ed, we have run out of time. this is fodder for another day. we have to talk about how we'll unwind this. to me that will be really ugly, fha, between fannie and freddie and all that. that could take years. >> it could take years but you have journey of a thousand miles start

---instituciones como wells fargo, citigroup, fannie mae y freddy mac son algunas de las instituciones que tomaron esta decision... ---muchos embargos se efectuan durante la epoca navideÑa debido al tiempo en que colapso el mercado inmobiliario.

story to stir some taxpayer outrage, a government watchdog says mortgage giants fannie mae and freddie mac doled out huge paychecks despite being propped out with your tax money. the payout $92 million for the top 90 employees and that does not include the ceos.

government took over the mortgage mortgage giants fannie mae and freddie mac. few companies buy mortgages from lenders and package them into mortgage backed securities while there's a new report out today by the inspector general's office for the federal housing finance agency that shows that since that time taxpayers have spent one hundred and ninety billion dollars on these companies this is despite a decision earlier this year to cast pay for executives at fannie and freddie at five hundred thousand dollars per year but it turns out that even while the top of the top might have a pay ceiling pay for those in the second and third tier well they're doing just fine the report shows that there are actually three hundred and thirty three employees at the vice president level and they have a median pay of about three hundred eighty eight thousand dollars additionally there are more than sixteen hundred employees at what's called the director level and their median pay is more than two hundred and five thousand dollars per year i want to talk more about this with a

taxpayers now own both fannie mae and freddie mac.o the idea is if you were current at least five years on your loan, if you got a irate on your loan -- high rate on your loan, you may be able to get help from fannie and freddie. already a fifth of u.s. mortgages are underwater, that's equal to about 11 million homes meaning they owe more on their loans than what their house is worth. so right now we're seeing about 330,000 borrowers have refinanced underwater mortgages by the fall of 2012, and that's up from 60,000 in 2011. so the issue here is will the u.s. congress approve a change in the charter of, for fannie mae and freddie mac allowing them to refinance or, rather, guarantee refinanced mortgages who are underwater borrowers? that's not the case right now. and, jamie, this comes on the heels of the failed plan to get fannie mae and freddie mac to do, to allow more principal reductions of mortgages. this may be the backup plan that's under discussion because the idea is if you get more homeowners current on their mortgages, maybe

got a hot -- home financing act of 1970 creating a second government chartered mortgage company freddie mac designed to cater to the s&l industry and more importantly allowed both fannie and freddie to buy a much wider variety of mortgages, not just fha loans or a tiny sliver of the market, but conventional mortgages, mainstream mortgages for the middle-class, even the upper-middle-class so fanny had a much larger role in the housing market and was spreading across the country like manifest destiny. why did this happen? there was no debate in public but the homebuilder's were for it, the american bankers association was for it, senator john sparkman of alabama was for it and so was representative wright hadn't of texas, george romney endorsed the idea, most of us were not paying attention. along came the carter administration. carter's housing arena was patricia roberts harris. hunter reminded her fannie mae was no longer government agency was supposed to be managing its affairs. mrs. harris friend legislation to try to restore more government control over fannie mae. under tried sending fl

gerry warner in there says that there's no way to know the cost well we do know fannie mae and freddie mac. are the two government sponsored entities in the united states which are now fully owned by the u.s. taxpayer they underwrite something like ninety five percent of all mortgages now in the united states well when you take out all these contracts mortgages interest rate swaps they're type two and the libel rate in an internal auditor at fannie mae and freddie mac. has determined that libel or rigging cost them three billion dollars and therefore the us taxpayer they defrauded the government and remember we talked about one thousand and one that notion that if you lie to any federal authority in america you get thrown in prison and a federal prison for a few decades so. that a lot of our scandal they ended up in games with billions of dollars of the fraud which were added on top of the bill that were given to taxpayers from the likes of hank paulson needed the seven hundred fifty billion at the time became fifteen sixteen trillion to bail out these guys so why boras having a direct imp

and senate fannie mae and freddie mac. so that's a huge thing we're going to keep track of that over into the next new year but i want to talk about to fail not to bail that's what i've come up with not seem to lead he's to fail not to bail on the kaiser report because of course according to this three max keiser tweet did not seem to lead you still in london not said to lead responded max keiser i ran away i was told you wanted to punch me in the nose right well he's afraid to come on the show because he has been exposed as snake oil salesman charlatan who's intellectually bereft of anything meaningful to say but people like the b.b.c. and others put him on their shows because it makes them look smart because what he's saying is incomprehensible well to put this into context he was here london pushing his book anti-fragile and he didn't appear on the kaiser report because he didn't want the questions here instead we don't b.b.c. newsnight the same b.b.c. news night that had the evidence of jimmy savile and his paedophile

---instituciones como wells fargo, citigroup, fannie mae y freddy mac son algunas de las institucioneson esta decision... ---muchos embargos se efectuan durante la epoca navideÑa debido al tiempo en que colapso el mercado inmobiliario. hola, quiero hablarle sobre la revisión independiente de la ejecución hipotecaria. este programa, monitoreado por reguladores de bancos federales, es gratis y da a los dueños de casa elegibles la oportunidad de solicitar que una parte neutral revise sus hipotecas para ver si hubo errores en la ejecución hipotecaria. si se encuentra algún error, los dueños de casa podrían ser elegibles para una compensación u otra reparación. para más información llame hoy. topvo cesar ---noticia en desarrollo desde el condado de contra costa... ---estas son imagenes aereas captadas hace poco menos de una hora que muestra un choque mortal entre un camion de carga y un automovil... ---esto ocurrio justo al sur del aeropuerto de la comunidad de byron... ---segun la patrulla de caminos, hasta el momento se ha reportado un muerto y hay varios heridos aunque no se ha determina

the thing is we own fannie mae and freddie mac, taxpayers own fannie mae and freddie mac and essentiallyed to be run to get back in the hands of shareholders. now they are being run at the expense of taxpayers. here's the deal. a fifth of all u.s. mortgages are under water. that is 22% equal to eleven million homes in negative equity. the white house wants to boost the number of spenders out there in the u.s. economy to help the u.s. economy deride itself and to do that they want to allow the some prime negative equity borrowers to resurface out of their underwater mortgages and the number of refinancings have been moving along nicely. lookit 60,000 in 2011. i got to tell you the key is not only fannie and freddie would charge more on that refinanced mortgage, but it has to deal with the banks, particularly will the banks agreed to not have any put backs of loans on their own balance sheet, banks say we would rather have those rotten mortgages. if they do default unbalance sheets of fannie and freddie meaning taxpayers expense, the bailout could get bigger in the housing market. dennis:

freddie mac is not doi much better getting $71 billion going for $9 billion.ey oweou and me more than $137 billion. but wait, here is some news the federal housing finance agency near the 2010 and 30 employees are taking home a paycheck for the median y is more than $2000. actually won six of the workforce, $200,000. what am i talking about. won six of the workforce not including senior executives like ceos making around $600,000 each year. it does incle more than 300 vice presidents with a median pay of nearly $400,000 per year. i'm naying people should be rking for free but when you're asking taxpayers to bail you o out, time and time again they ke doing this you need to do a little cutting at themains, the don't you think? fannie and freddie werenot pass to take money from tarp but they ask for hp almost ever quarter. you want help, go get an accountant. if they can show youow you're yr overspenng on your celery sticknd aig shout out to treasury, don't give them another dime until they figure out how to do that. if you are fed up about this or any other iss

i thought it was frankly perverse to keep fannie mae and freddie mac's -- to bring fannie mae and freddie mac's loan limits down and not to lower f.h.a.'s at the same time. exactly for the reasons that you've said. we are concerned that it would drive business to f.h.a., that should go back to the private market. so i would urge you and others, i know you're supportive, but to work with your colleagues to try to do that as quickly as possible. and i do agree that we need to look at and we are doing that, looking at the standards for how we allow borrowers who may have defaulted in the past to borrow. again, i would say, though, we should not hold a responsible homeowner who has demonstrated their ability to pay back their debts and to be a homeowner, a successful homeowner, simply because they may have lost a job due to what is an unprecedented economic crisis that we've been through. so this is not just about time lines. it's about what the standards are for when we allow folks to borrow. >> well, my broader point is this and several other factors should also be about doing it in a way t

. >>> the freddy mac foundation held the sixth adoption expo bringing in experts to answer questionss looking to adopt. i was there and got a chance to talk about the wednesday's child program. hear from families whose families have grown because of the program. the ballroom was packed with people. many said they got interested because of wednesday's child. >> you planted the seed for us to think about adoption. we adopted our first. >> we came here because we adopted our first child in 2007. he's turning six. we wanted to come here and see what's here. >> the freddy mac foundation came to help. >> we have been working hard to find homes for children in foster care, really all over the country for the past 20 years. there are plenty of more children that need to find homes. we are going to keep at them. >> reporter: one mom was here for the very first expo. i was here in kindergarten. >> some say they came because they always thought they might like to adopt some day. >> my dream was to have a little girl. >> we have been passionate about adoption. we saw some advertising and thought

. >>> last week our own barbara harrison hosted the sixth annual adoption foundation hosted by freddie macswer questions and help those waiting for permanent families. >> reporter: the ball room was packed with people, many who said they first got interested because of wednesday's child. >> you planted the seed for us to think about adoption so we adopted our first son because of the show. >> we wanted to come here and see what's here and -- so we can adopt, working on adopting the second child. >> reporter: freddie mac created the expo to help potential adoption parents learn about adoption. >> you're foundation has been working very hard to find adoptive homes for children in foster homes. there are plenty more children that need homes so we'll keep that the as long as they can. >> reporter: some people came because they said they might like to adopt some day. >> it's been my little dream. >> we've been passionate about adoption but it's something we're looking at down the road. but we saw some advertisements and we thought, hey, let's stop by. >> reporter: this little boy was born to pa

there's no place like home for the holidays, and keeping up with its annual tradtion, fannie mae and freddie mac won't evict familes facing foreclosure during the holiday season. this year's freddie/fannie evicition-free dates are dec. 19 through january 2nd. you might think airlines wouldn't be able to find ways to add more fees to your ticket, but that's exactly what was talked about at the airline information conference that just wrapped up in san diego. airlines are reportedly looking at ways to use past passenger preferences as a way to customize add-ons for future travel. airlines collected $36.1 billion in extra fees this year. still to come, how you may be able to get your house back, even if it's already in foreclosure and you were evicted months ago. plus, why the u.s needs good old american ingenutity now more than ever. bill moller explains, after the break. w the industrial age - when making things with machines basically made america great. for years the manufacturing sector has been in decline, but many feel it's fine to cede our one-time world dominance here to other nations whil

. >>> the freddie mac foundation held the sixth annual adoption foundation on friday. >> news4's barbara harrison was once again host of the expo. she got a chance to talk about our wednesday's children, who are waiting for permanent families. >> reporter: the ball room was packed with people. many who said they first got interested because of "wednesday's child." >> you planted the seed for us to think about adoption. so we adopted our first son because of "wednesday's child." >> we wanted to come here and see what's here, so we can adopt. >> reporter: the freddie mac foundation created the expo to help potential adoptive parents learn all of the adoption alternatives. >> our foundation has been working very hard to find adoptive homes for children in foster care. really all over the country, for the past 20 years. and there are plenty more children that need to find homes. we'll keep at this as long as we can. >> reporter: some people came because they thought they would like to adopt some day. >> it's been a life's dream since i was little. >> we've been passionate about adoption. som

we own fannie mae and freddie mac, now, we're venturing out to control more of it. >> right. it makes zero cents. >> got to take full control, guys. listen, you want to penalize something, go after the home owners for building up the inventories, when they're doing it and going into consumer sentiment numbers and giving false reading. >> fuelly not enough inventory right now to meet demands, but anyway, ben, final word. >> todd, if you can predict the future and value of any important commodity my hat's off toou. >> thanks, ben, i appreciate that. look, i respect you, too, going forward in the housing market right now, i don't know where you're getting your data from, dagen, there's no chance of that. tons of homes are available, especially the underwater homes. call a bank if you want to buy a hou and nobody'oing it. >> of the inventory problem with peoe who want to buy newr slightly used homes and heard it from every realtor and the data bears it out. ben, love you. you stay there, i have to thank sarah flowers, thanks for being here. up next, see this guy? if you're listen

does anyone, do any of you or does anyone have a detailed plan on how to put fannie mae and freddie mac into runoff? how do you take a $5 trillion enterprise and put it in discomet canned operations -- discontinued operations over a time period that, you know, would be politically acceptable in terms of disruption? >> we'll let bob start on that, but afterwards if you want to catch me, we can talk about in informally, and i'll share a few ideas with you. >> i certainly don't have a plan. i think that alex and ed do have suggestions and very interesting ones. >> ed? >> may i have a moment just to read the conclusion of mr. johnson's book. >> yes, one minute. >> my ultimate vision is of a housing, finance and real estate system that is sufficiently flexible to fit the capability of every individual family. we should define a system that shows people what they're able to afford and builds their momentum towards ownership by giving them savings vehicles, counseling and information. the possibilities are endless. if people have equity in their home and want to use it, the the system should m

reports say fannie mae and freddie mac may have lost at least $3 billion dollars in the ordeal.regulators say ubs rigged bank interest rates to make profits and hide losses. a couple of companies are closer to saying goodbye to bankruptcy. a court is approving the new contract deal between american airlines and its pilots-- that could lift the company out of bankruptcy. the judge did mention the sacrifices made by the pilots union meanwhile-- kodak just sold a chunk of it's patents for $525 million. apple, google and reseach in motion are among the buyers.the money made in the patent sale allows kodak to inch closer to getting out of bankruptcy. the company still holds 9,600 patents. a makeover of diesel powered vehicles is prompting some drivers to make a switch. clean diesel car sales were up 25 percent in 2012. within the last 5 years -- efforts have been made to make diesel engines more enviornmentally friendly. volkswagon, audi and mercedes are just a few automakers releasing diesels in 2013.. while popular in europe -- the cars have made less of an impact in the u-s due to the fact

freddie mac says the average rate on a 30 year slipped to 3.35%. that's not far from the record. 3.31% that we reached about a month ago. low mortgage rates are making home buying more affordable and allowing more americans to refinance their loans. >>> more americans are shifting to e-books. a pew research study finds 23% of americans have read on electronic book this yore. that's up from 16% last year. at the same time readers of traditional books dropped from 72% to 67%. and about a third of americans own an e-book device or tablet such as a kindle, a nook or an ipad. >> just not on board with that yet. man i'm old-fashioned. i need the book. >> i love paper. >> i'm sort of that way. >>> time right now is 4:43. you think about keating out this -- eating out this new year's holiday? we have some restaurants to avoid coming up next. >> plus we'll have a look at the question of the day and a look back at some of the biggest stories in entertainment news in 2012. >> weather and traffic coming up next. keep it light. right here. -- right here. >>> 4:

government may expand its mortgage refinancing program to include borrowers not backed by fannie mae and freddie mac and also include borrowers who owe more than their homes are worth - about 22% of all homes with a mortgage. from department stores to bookshops to jewelry sellers, a lot of retail stocks are dragging around their empty boxes and gift wrap post- christmas. mark sebastian of option pit joins us. mark, welcome, and what happened to these retail stocks? > > it is just kind of a cacophony of bad things. we have got this fiscal cliff looming, which is scaring retail purchasers, and we have just terrible weather out east, both before and after christmas. this storm is going to be terrible, and superstorm sandy had to have depressed sales if you consider what kind of damage was done to new york and new jersey. > i was reading about that. the mid-atlantic and northeast account for 24% of all retail sales in the u.s. that is a huge chunk of sales. > > absolutely huge, and that is going to put a big impact on sales. if you are spending your money getting your house fixed up and waiting for the

. >>> fannie mae and freddie mac are giving the gift of relief to homeowners this season. both mortgage giants will halt bank repossessions starting in december. they will resume evictions january2. bank of america is also temporarily halting their foreclosure evictions. for a short time. >> for the holiday. >> yeah. >>> 4:52. forget about cat on a hot tin roof. how one kitty weathered the weekend storm on a telephone pole. >> plus morning sickness to the max what kate middleton is suffering from and how you can avoid it. >> and making the season really bright. how many lights it takes to decorate this 17-acre estate when we come back. ,, ,,,,,,,,,,,,,, >>> clouds once again rolling into our skies. got some rain on the way. we'll tell you how much coming up. >>> and so far traffic looks good this morning. no troubles to report as you work your way on the bay bridge toll plaza this morning. free-flowing. most of our bridges actually not bad. we do have muni delays to report. details coming up. >>> there's a cab in oakland that just cashed in on a few of her nine lives. it w

loan resolutions but before that he was a physical in point for twenty six years at freddie mac. you remember them the government backed entity that had any bailed out by our tax dollars in two thousand and nine to help repay defaulted mortgages back in march mr ryan was a key player in the twenty five billion dollar mortgage for closer settlement between the country's five largest lenders including wells fargo now wells fargo is facing a lawsuit filed in october over f h a backed loans good thing mr ryan will be there for the rescue is the company's senior vice president sold for graciously appeared in my eyes in the corrupt a despicable revolving door relationship between washington and wall street banks mr bob ryan you're my villain of the day. well it's been eleven long years since the nine eleven attacks which left three thousand world citizens dead three buildings were completely demolished that day which left behind a toxic cloud of dust and debris filling downtown manhattan for the weeks that followed the dust was polarized concrete especially metal particles and glass fi

barney frank was the godfather of fannie mae and freddie mac in the u.s. congress, and the two of them -- mozilo in the private sector, frank in the public sector through fannie and freddie -- were the unholy alliance who allowed the people who with profited from countrywide to create loans that people could never repay. they just turned around and sold those loans to the federal government, and how was that made possible? it was made possible by barney frank through fannie and freddie in the names of altruistic social benefits. housing for everybody, and let's put poor people into mcmanagess that they can't afford. that's the world of atlas shrugged, the world we just barely survived in the financial crisis. >> host: donald luskin, what do you do for a living? >> guest: i'm an investment adviser for other investment advisers. >> host: what does that mean? >> guest: i give strategic ad vice on the stock market and commodities markets to other investment managers to serve customers. hedge fund managers, mutual fund managers, investment counselors, the like.

neil: fannie mae and freddie mac with a bailout, now their workers get a pay out.dan mitchell said that, they should be shut down, this is outrage you on, sandra smith, joining us as you well, she does not have quite the same view. >> fannie and freddie are like dracula and the werewolf, they brought a lot of destruction but they have been brought to their knees, we can drive a stake through their heart, instead we give them huge amounts of money. i'm sure a lot are highly trained and expert people but get them out of the government, and get them into private sectors. neil: sandra. >> you have to pay to play. we have already bailed them out, why would you want to ask people to do things for free, you do pay for talent. we don't get everything for free. neil: what if they are not delivering? >> what are we going to do? do away with fannie and freddie. neil: it is an idea. >> it is. but it is a reality considering the administration we have in place right now. not a chance, so, these companies right now, in the housing market, that is still at its bottom, play a cent

prime lending possible when it compound of the government era when you have things like fannie mae, freddie mac, the fha putting the taxpayer guarantees on mortgages that never would have been originated in the free market because in the free market people would have been worried about not getting paid back. but the government basically told the banks you can lend money to people even though you know they are not going to pay you back because the taxpayer will. as we have a bubble based on that moral hazard and based on cheap money, and of course it burst. a lot of people like to blame the market for that. they like to blame wall street. it's not wall street's fault. i'm not saying they are completely innocent. they drank a lot of the alcohol that the fed was pouring and they acted irresponsibly under the influence. but you have to look to the source. you have to look at why were so many people so foolish simultaneously not just on wall street. plenty of people on main street were lying about their income and buying houses they couldn't afford. but unfortunately, instead of learning from its mi

a loan resolutions but before that he was a fan from point for twenty six years at freddie mac. you remember them the government back and to that are you bailed out by our tax dollars in two thousand and nine to help repay defaulted mortgages back in march mr ryan was a key player in the twenty five billion dollar mortgage. years into the nine eleven attacks which left three thousand world citizens dead three buildings were completely demolished that day which left behind a toxic cloud of dust and debris filling downtown manhattan for the weeks that followed the dust was polarized concrete especially metal particles and glass fibers among many other poisonous materials all of which were inhaled by forty thousand first responders and residents who rushed to help dig through the debris to search for survivors since then as to its of one thousand first responders have already died from nine eleven illnesses and thousands more are dying right now and it's been a source of passionate debate among certain politicians this is congressman anthony weiner trying on the house floor to plea

. >>> and fannie mae and freddie mac will take a holiday break from foreclosing on homes.pend evictions in the days leading up to christmas and will resume the process on january 2nd. jp morgan chase and citigroup have also announced a moratorium on evictions during the holidays. hopefully it will relieve a little stress for some people there. >> really good news. ashley, good to see you. thank you so much. >>> in sports, a showdown in d.c. and rg3 makes it happen against the giants. that's robert griffin iii. here's the rookie qb in the first. he loses the ball and it pops right into the hands of josh morgan who races in for the score. in the fourth, down by six, rg3 hits pierre garcon for the score and that was it. skin hold on to beat the giants. bad news for yankee fans. superstar alex rodriguez is going to start the season on the dl, the disabled list. baseball's most expensive player has a bad left hip. but before he has surgery, he'll need six weeks of physical therapy and then four to six months in rehab. the yankees say he could be back in the lineup by the all-st

you can see it will soon have a larger or ditch portfolio van fannie mae and freddie mac combined.good option. tom, thank you for being with us. fannie mae and freddie mac exist to help housing, why could it possibly be a good thing for the fed to be in even bigger landlord then franny? >> i do not know who is saying that. if the fed continues along this course buying $40 billion, they will want to own more than fannie or freddie. the irony of that, which is what we are trying to point out, we are trying to help the taxpayer out. at the end of the day, this is all part of qe. we expect that the fed will announce the additional purchases. dennis: you think that the new move will be to double the amount of purchases they are doing every month from 40 -- >> we do think that the fed will announce that. at this point, this is kind of a market consensus. they will just be rolled into qe. -@the treasury associated with twist are about $20 billion. dennis: it is not a net increase if they are are ready doing that with the twist. more broadly, maybe the fed should not be buying all of these

we do have the 30-year fixed-rate mortgage rate come in from freddie mac, 3.35%.hat is how we an ending the year, close to historic lows. the dow is down 8. a newspaper for the suburbs of new york city post a map on its web site showing which homeowners have a gun permit. click on the red dots and you can see the name and address. our guest was among those outed by the journal news. he is also one city council for the town. welcome to the program. >> thank you for having me. you are held in high regard by a lot of colleagues. stuart: when you are angry. you are one of those who was out. your name is in the paper, your address, you have a handgun. you are not happy. >> i am a public figure. my address is out there. now that everyone knows where i live they know that a handgun is in the house. i'm worried about cops, retired correction officers and judges also on the list and obviously now they have risked their lives for 20 years, they are retired now. stuart: what about those people who are not on the list? 5 one to do them harm now i know they are not protecting