they back between freddie mac and fannie mae, they back half mortgages in the u.s. mortgage-backed securities, securities that and sold ans together to investors, they together with ther federal government sponsored enterprises, back almost the entire market, market y no private right now. so why do they do that? or the viewers to understand, that helps create the secondary mortgage market in this country can makeou as a lender a loan knowing if you give that loan to the borrower, you will the ability to turn around and sell to this nationally, market, a lot of liquidity, deep liquid market, housing his system of finance in the country, run through freddie mac and fannie primarily. host: for the your money aspect, for viewers who do not know, freddie mac and fannie mae were remained in d government custody, bailed out to the tune of $187 billion. why are they still remain on the government's ledger, even though profitability?o guest: they returned to profitability, it's been eight politics are tricky. interest on all sides, doesn't partisan y across lines, the way o

that sounds like an issue with the private bank and not so much related to freddie mac and fannie mae. on fannie andon freddie and how they impacted the housing market. -- 20% down and no more than 33% income to make payment. a problem? gettingwall street into kind many of these lower quality loans. at the time, they were backing many billions of dollars worth of bad -- lower credit or otherwise not as traditionally strong mortgages. since the crisis, lending standards have tightened up across markets, but fannie mae and freddie mac, quite a bit. scores,y, higher credit you are not seeing those unique or exotic mortgages being backed by freddie mac and fannie mae right now. host: good morning. >> thank you. in order to understand, you need info. "wall street journal" had an article in september 23, 2008. please google "fannie mae's risky business." simply put, taxpayers are taking on an immense unnecessary risk. just so fannie and freddie can fatten their earnings. this is privatizing profits and socializing risk. same day, six years later, mr. paulson declared unless his review proce

this week, we are joined by , we will talk about the future of finance reform, freddie mac and fannie mae. give us a sense of what they do and how much of the housing market they actually touch. >> they are the government-sponsored enterprises

so freddie mac and sallie mae and companies like this, the quasi-government organizations, encouragedverybody, encouraged the banks -- make the loan, regardless. and the argument was if you do not make the loan to people who cannot afford it, you are discriminating against people who cannot afford it. and all of us are guilty. we wanted to help everybody. the trouble is there are no quick, simple answers, and we tried to create one. and you create a bubble, and then the bubble collapses. warren: we have had bubbles throughout history, and they manifest themselves in various ways, the dot coms, whatever it may be, and we will have them in the future. human beings, we get smarter about a lot of things in terms of how to produce things and become more productive. we don't get rid of, unfortunately, the basic human emotions. and greed and fear will always operate the same way. thomas: you are dealing with a balance of greed and fear, greed and fear, greed and fear. and every decade or so, greed gets out of context and eventually leads to enough fear and something blows up, and we all just

next a discussion on the morgan industry -- the mortgage industry's push to turn fannie mae and freddie mac into private entities. this is 25 minute. "washington journal" continues. host: each week in this segment "washington journal" we look at how your money is at work in program.ent federal this week we're joined by joseph lawler, "washington examiner economics writer there, talking about the future and using, freddie mac fannie mae and joseph lawler, as

later, discussion on the mortgage industry in the future of fannie mae and freddie mac. chair janetrve yellen desserts are semiannual economic report to congress on tuesday. she's before the senate banking committee live at 10:00 a.m. eastern. and the poster, the choice to be labor secretary testifies at his confirmation hair -- hearing on thursday. announcer: c-span's washington journal live every day with news and policy issues that impact you. coming up tuesday morning, to north carolina republican congressman. discuss the house republican agenda and its approach to conservative ideology. be sure to watch c-span's washington journal live at 7:00 eastern on tuesday morning. join the discussion. announcer: next, afghanistan's ambassador to the u.s. on the relationship between the two countries hosted by the new america foundation. this is an hour and 15 minutes.

later, discussion on the mortgage industry and the future of fannie mae and freddie mac. yellen is erve chair before the banking committee live at 10:00 a.m. eastern and you can see it on c-span 3 or listen live on the free c-span radio app. announcer: andy pudzner testifies at his confirmation hearing thursday, live at 10:00 a.m. eastern on c-span 3 and c-span.org or listen live on the free c-span radio app. announcer: in case you missed it here are some clips of c-span's programming. california senator kamla harris gives her first speech. >> our country needs a secretary of education who has demonstrated basic competency when it comes to issues facing children. they just need to know what they're talking about. when questioned by senator frank, it was clear mr. vos didn't know the difference between two basic theories of testing, pro efficiency and growth. dakil on vian president trump's travel plan. >> iraqi soldiers' blood were mixed with american soldiers' blood on the american soil. [speaking foreign language] >> we appreciate that they gave xception for the minorit

if you take aig and citigroup and wachovia and washington mutual and freddie mac and fannie mae, thehose companies lost hundreds and hundreds of billions of dollars. citigroup did not go under, but when the stock holders lose 90% of their value, it really does not make much difference if you have $1000 invested and you end up with $100 or not. so there in my view, there has been no moral hazard created for stockholders by the fact that the government came in and rescued those institutions. the moral hazard exists i think with the top executives who walked away with hundreds of millions of dollars and really did not pay the price for their failure. we had bigger and bigger financial institutions that had all kinds of activities where their problems became other people's problems. and then we had improper incentives, we had people running the huge institutions whose upside was lots of money and lots of glory, and the downside was still a lot of money and no glory. thomas: one of the points my teacher makes, when you're in a world that is a flat and technically interconnected, it is als

mortgage buyer freddie mac says the average remains at 4.19%.ar it averaged 3.65%. >>> a change in recent sanctions that prevented u.s. companies from exporting some equipment to russia now they can apply to federal security service to sell encrypted electronics. the obama administration stopped that after u.s. intelligence agency found that russia meddled in the u.s. election. >>> and the parent company snapchat hopes to raise $3 billion in an initial public offering. it's expected to be the largest since china's alibaba group. snapchat had lost nearly $1 billion in the last two years. snapchat has 158 million users daily, anne-marie. >> i never understand how these stocks lose money by they still become super hot stocks. i guess that's why i'm here at the anchor desk and not on wall street because it's all confusing to me, but it must all work. >>> still ahead, a countdown to the kickoff. lady gaga reviews details about her much anticipated halftime show at the super bowl this sunday. crohn's disease. my moderate to severe i didn't think there

also, a washington examiner economics writer will discuss the changing role of fannie mae and freddie mac. watch c-span's washington journal on monday morning. join the discussion. >> now, oklahoma governor mary fallin delivers her state of the state address at the state capitol in oklahoma city. this is about 35 minutes. [applause] guestsies and gentlemen, , the governor of oklahoma, mary fallin. [applause] governor fallin: thank you. lieutenant governor, statewide elected officials, speaker mccall, president pro tem shelves, members of the court, honorable senators and representatives, cabinet members, tribal leaders, guests and citizens of the state of oklahoma, it is my pleasure to be with you today as we discussed the state of our state. i'm joined by my husband, wade christiansen, our wonderful children, christina, adam and elizabeth. welcome, guys. [applause] i look forward to working with our new legislative leaders and continue to work with leader sparks and the house minority leader. i want to thank our legislators for their dedication and leadership. i especially appreciate the

talking about fannie mae and freddie mac. you, this is ask second one. do you think nazi comparisons are helpful to try to have a political discussion that can move forward in this country right now, do you think we're too quick to use the comparisons? caller: unfortunately reality, it has been stated history itself, the reason it repeats itself is because people forget how history evolved in the first place. know, you cannot dismiss the fact that the amount has been nce that created here in this particular and the ation turbulence created in germany honestly ld war ii, i believe if we continue on the path that we are on, it will iii. to world war host: all right. to nancy in austin, texas, republican. morning. caller: good morning. i am just in awe , people really need to read history. i mean, first of all, we were to go spread democracy around the world. that is not what we were do.osed to that was from the progressive woodrow wilson who started that. want trump to do per your question nobody seems to be is to adhere to what policy in his foreign speec

joined by joseph lawler the "washington examiner economics" for weekly your money the future ofsing freddie mac and fannie mae. we'll be right back. >> tonight on the communicators, the new chair of the house communications and technology. tennessee congresswoman marshas blackburn on her priorities for the subcommittee and how she xpects issues will change this year with the republican administration and the republican-led fcc. representative blackburn is interviewed by communications daily. >> making certain that we ddress what i view as having been an opportunity to get do not have hat broadband, they are not able to educational and opportunity for students, hey're not able to utilize telemedicine and healthcare informatics, they are not able factories that can bring jobs to those underserved areas. >> announcer: watch the communicators tonight on c-span2. where history unfolds daily n.

also, and economics writer will discuss the changing role of fannie mae and freddie mac. be sure to watch live at 7:00 eastern on monday morning. join the discussion. >>

later, the washington examiner will discuss the future of freddie mac and selling may. we will be right back. ♪ >> here are some clips of c-span's programming last week. kamala harris gave her first speech from the senate floor. kamala harris: our country needs a secretary of education who has the mistreated basic competency when it comes to issues facing children. they just need to know what they are talking about. when questioned in the hearing, it was clear that betsy devos didn't know the difference between two basic theories of testing. proficiency and growth. >> and iraqi parliament member. on president trump's travel ban. >> iraqi soldiers blood were mixed with the american soldiers blood on the iraqi soil. we appreciate that the exception was given for the minorities. it is unjust and unfit to enlist iraq with the countries that are considered terrorists. >> plunging on his hometown of charleston, south carolina. home city ofmy charleston where the civil war began. where nearly 40% of all the slaves that came to america would come through charleston. and whoas a

for many years the fed express concerns about fannie mae and freddie mac.and i encourage you chair yellen to work with us to solution. -- in the fall of 2007. in response to the emerging financial crisis. today the fed still holds close to $4.5 trillion in assets on its balance sheet. which includes approximately 35 percent of the outstanding agency mortgage backed security market. i look forward to hearing from you on how the fed plans to normalize monetary policy and wind down its balance sheet. the banking committee has a lot of work to do this congress. my goal is to work with ranking member brown and other members of the committee to identify bipartisan approaches that we can quickly get signed into law. at the same time we plan to start working on housing finance reform. flood insurance tensions and legislation to boost economic growth in the country. i look forward to working with you chair yellen, the federal reserve and other members of the committee to tackle some of these critical issues i mentioned this morning as well as a number of others.with

. >> the government backed mortgage companies fannie mae and freddie mac are paying $10 billion in dividends to you and me, to the treasury. both companies earned billions of dollars of profit in the fourth quarter. now, new treasury secretary steve mnuchin said at his confirmation hearing that fannie and freddie should not be left under government control without a fix. but he also says he does not want to limit housing finance. >>> the consumer financial protection bureau was established in the aftermath of the financial crisis. and pretty much ever since, the banking industry has been pushing for changes at the wa h watchdog agency. but not everybody agrees on how that should be altered. eli has the story from washington. good to see you. what does the cfbp actually do and why do the banks want to change it? >> the cfbp is america's consumer watchdog agency. an independent agency established during the financial crisis, and most importantly, it's run by a single investor, and the president has limited power to remove that director. of course, banks don't like that. they've been arguing fo

also, and economics writer will discuss the changing role of fannie mae and freddie mac. be sure to watch live at 7:00 eastern on monday morning. join the discussion. the foundation for human rights and justice presented a member of the iraqi parliament with their 2016 human rights prize. vian dakhil was honors. this is just under one hour. annette: thank you everybody. it is my honor today to welcome each and every one of you to of -- we commitment grateful you and your sister are here today. vian has been exhorting the world to remember her people. her sister has been working to help rehabilitate the girls after they were abused by isis. we are honored to honor you. and we take a moment to remember two past recipients of the lantos prize who moved forward on their journey this year. their words honor them more than we could. they both had so much wisdom on the subjects that confront us now. i would like to share a couple of thoughts quickly. before we move on with the program. they observed the opposite of , love is not hate. it is indifference. the opposite of art is n

it is also been nearly a decade since fannie mae and freddie mac were put into conservatorship. reform remains most significant piece of unfinished business following the crisis. and it is important to build bipartisan support for a pathway forward. for many years the fed expressed concerns about fannie mae and freddie mac and i encourage you, chair yellen, and the fed to work with this committee to help find a solution. with respect to monetary policy, it now has been nearly a decade since the fed began easing monetary policy in the fall of 2007 in response to the emerging financial crisis. today the fed still holds close to $4.5 trillion in assets on its balance sheet, which includes approximately 35% of the outstanding agency mortgage backed security market. i look forward to hearing from you on how the fed plans to normalize monetary policy and wind down its balance sheet. the banking committee has a lot of work to do this congress. my goal is to work with ranking member brown and other members of the committee to identify bipartisan approaches that we can quickly get signed

how fannie mae and freddie mac influenced urban areas. vonnie: what are you hearing? kevin: we should be anticipating the executive order that will work in just position with executive orders overruled by the ninth circuit -- ninth circuit district court. after go all the way to the supreme court. my understanding is we can anticipate the executive orders to come sometime this week. whether or not that only launches a new league -- legal battle remains to be seen. we're talking about inclusion the white house is trying to put forward, clearly the issue on the immigration front has been incredibly divisive not only among democrats and republicans but also from the business community. vonnie: thank you for the analysis of the president's comments at the national is he him of african-american history and culture. about 30 minutes into the trading day so let's head to abigail doolittle to tell us about the records i guess again. abigail: we are looking at records for the major averages. starting off with a bullish bank or the dow, s&p, and nasdaq all higher. at records. t

washington examiner economics writer will discuss the changing role of freddie mae and freddie mac in our weekly your money segment. be sure to watch "washington journal" live at 7:00 eastern monday morning. join the discussion. coming up next, prime minister's questions at the british house of commons. then a look at u.s. policy toward russia and ukraine. and at 11:00, another chance to see "q&a," with investigative journalist edward jay epstein. week, british prime minister theresa may faced questions on the uk's plan for exiting the european union. this happened to several hours before members voted in favor of legislation allowing the prime minister to officially begin the brexit process. it is 45 minutes. speaker: order. questions for the prime minister. >> number one, mr. speaker. thank you, mr. speaker. i had meetings with ministerial colleagues and others, in addition to my duties. i shall have further such meetings later today. the premium in chesterfield, where 70% of people receive free school meals. the headteacher was running the great north rome. however, her new schools

for decades, morgenstern it's fannie mae and freddie mac were the foundation of the u.s. market. they turned out said he profits until the 2008 financial crisis when the government help them out at a cost of $187 billion to taxpayers. today, they are profitable again and their days of -- days as wards of the state may be coming to an end. u.s. treasury secretary steve mnuchin says fannie and freddie should leave u.s. control and the new administration will get it done quote, reasonably fast. major owners of shares want the billions of dollars in dividends the currently go to the treasury. congress created the federal national market association in 1938 with the mission of reviving the housing market after the great depression. traditionally, banks that made work -- mortgages held onto them. fannie mae suited buying them from lenders, trading money for more loans and helping fuel a housing boom after world war ii. mnuchin says government ownership of the company displaces private mortgage lending, but he did not say they should be well endowed or limited as a number of pro

appeals court upheld a ruling that does not let hedge funds sued over investments with fannie mae or freddie macent shares plunging. >> that is a challenge to the 2012 government to sweep all of the profits from fannie and freddie, basically from closing on a possibility that private shareholders could get any of it. they challenged the decision and it got dismissed in 2014. what came today was basically an affirmation of the 2014 decision to dismiss shareholder claims, part, ior a small guess contract claims. the bottom line is the decision today makes it difficult for shareholders to collect dividends from fannie and freddie, which is lazy shares react the way they did. south africa's finance minister is holding his ground in a feud with the country's president. in the 2017 budget speak this deficit targets allocated no new money for a power plant favored by the president, and they say it falls on fiscal prudence. some of the key areas of the budget speech, i know one of them was a 40 for -- 45% tax on the wealthy. >> quite correct, one was a 45% tax on the wealthy. this getting all kinds of r

the fact they feel they have not done enough about too big to fail banks, taxpayer bailouts and freddie macannie mae are among the things they'll reconsider here. a senior official said they are asking the secretary of the treasury to examine what can be done to make changes to dodd-frank on the executive side, not getting a congressional approval to the law. here's the presidential memorandum. this goes after something that is going to be very much in focus on wall street. it directs the labor department to review and defer implementation of the upcoming fiduciary rule, which is scheduled to go into effect this spring. the administration official who briefed a number of reporters last night at the white house argued that the fiduciary rule, which was scheduled to go into place in april, simply limits consumer choice too much. he said that ultimately the default standard is the lowest cost product, which the trump administration doesn't feel is always the right product for every consumer. consumer advocates argue this is necessary to protect consumers from predatory actions on wall street.

washington examiner economics writer will discuss the changing role of freddie mae and freddie mac inur weekly your money segment. be sure to watch "washington journal" live at 7:00 eastern monday morning. join the discussion. coming up next, prime minister's questions at the british house of commons. then a look at u.s. policy toward russia and ukraine. and at 11:00, another chance to see "q&a," with investigative journalist edward jay epstein. week, british prime minister theresa may faced questions on the uk's plan for exiting the european union. this happened to several hours before members voted in favor of legislation allowing the prime minister to officially begin the brexit process. it is 45 minutes.

. >> my third question, before we get to the balance sheet is, fannie mae and freddie mac were put into conservatorship and continue to dominate the mortgage market. i'm not alone in calling for housing reform and considering it the most significant use of unfinished business following the financial crisis. the you believe that finding a durable comprehensive legislative solution is urgently needed and are you willing to work with us to help achieve that? janet yellen: yes, i think it is very important that congress the gst'sto deal with and figure out what the government's role in housing finance should look like, going forward. the goal of bringing private capital back into the mortgage important.hink is and i would hope that congress decide explicitly on what the government's role is and if there are guarantees that it would be recognized and priced appropriately and we look forward to continuing working theseou to help achieve objectives. >> i just wanted to get your comments on those issues before i go into this final question. on the balance sheet. the fed has said it will not beg

freddie mac says the average 30-year fix rate stuck at 4.19%. but compared to this time last year it's significantly higher. jonathan: there are popular brands of smokeless tobacco being recalled. there are complaints that metal items found in them. the f.d.a. says there are no reports of anybody being injured because of this but you can see a full list of the recalled products at the website. go to wjla.com. michelle: tonight a "7 on your side" consumer investigation about breast implants and the growing concern that a certain type of implant might be linked to cancer. it's alcl. the f.d.a. sa association but isn't ready to say there is a definite link. but more than a hundred patients are. this woman survived breast cancer when she was 33. she chose a certain immigrant for the reconstructive surgery. seven years later she was diagnosed with breast implant associated lymphoma. cancer, again. >> people all the time said you chose implants. i didn't choose cancer neither time. if i had a choice and i knew the implant i was about to put in my body

freddie mac says the average 30-year rate is down two points to 4.15%. that is still a significant increase when you consider the average for all of 2016 was well below 4%. michelle: it may be too late for justin bieber to say sorry. police in cleveland filed report about an alleged fight involving the singer and his bodyguard. i supposedly happened after game three of the nba finals last summer. a man says bieber and his bodyguards punched a man in the face. despite the filed report, no charges have been filed. a new giraffe at the maryland zoo. this little girl is a 6'1", not actually little girl. when you look at the stats. born ten days ago but they wanted to get the first veterinary exam out of the way before sharing the pictures. the calf was able to stand on her impressive. the giraffe house will be closed while mother and daughter bond. jonathan: not only is she cute but beautiful already. brand new. michelle: she is advancedded. jonathan: 6'1". what do they go up to? 15 feet? they get way up there. the chinese embassy sent over the dumpings to t

for many years the fed expressed concerns about fannie mae and can freddie mac. i encourage you to work with the claire to find a solution. with respect to policy it's been a decade since the fed begin easing in response to the emerging financial crisis. today the fed hold $4.5 trillion in assets which includes 35% outside agencies backed security market. the banks economy has a lot to work to do this congress. my goal is to work with brown and members of the committee to idea bipartisan approaches to get signed into law. at the same time we plan to start working on housing finance reform, flood insurance sanctions and legislation to boost growth. i look forward to working you with and members of the committee to tackle some issues. with that madame chair we look forward to your comments today. first i turn to ranking member brown. senator brown. >> thank you it's an honor to have you here. pleasure helpful for us. since your appearance the economy has improved well. businesses continue to create jobs on a slow but steady pace some 70 plus months in the row and t

i may not have cared about fannie --e and fannie mae and freddie mac. lehmanot know what brothers did come up their collapse had an impact. singlen education every day, getting to the bottom of it, finding out why it matters. >> as a been a case were you could not find out why it matters? ms. ifill: yes, but i will never tell. >> do you have a general philosophy that guides you through life or sustains you during moments of alienation? ms. ifill: that god will never leave me lonely. ,hat i am here for a purpose and that i have a safety net that it is always there. it does not always mean i will get what i think i want. it does not mean i will achieve the life i a match and at every turn, but it does mean there is a reason for my existence and what i am doing. i don't always have to understand what it is. >> let me ask you some questions about race. how does raise consciousness affect your work? do you see yourself as a leader who advances issues? is there a distinction? is there such a thing as a race transcending leader? question, to the last no, there

i may not have cared about fannie mae and freddie mac but a whole lot of mortgages were effected by those. finding out why it matters. >> has there ever been a case where you couldn't find out where it matters? >> yes, there was. i'll never tell. >> okay. do you have a general philosophy that guides you through life? has it sustained you through challenges or moments of alienati alienation. >> that god will never leave me lonely, that i'm here for a purpose and that i have a safety net, that is always there and it doesn't mean that i'm always going to get what i think i want, it doesn't mean that i'm going to achieve the life that i imagine for myself at every turn but it does mean that there is a reason for my existence and there's a reason for what i'm doing and that i've ended up where i've ended up for that reason and i don't have to always understand what it is. >> let me ask you some questions about race. how does race consciousness effect your work? do you see yourself as a leader who advances issues of race or society or both? is there distinction? and is there such a thing as a r

then a discussion on the mortgage industry and the future of fannie mae and freddie mac. rural officials from communities on infrastructure issues.

fannie mae and freddie mac are still in conservatorship they've been in since 2008. a lot of the risk has moved to the federal government either directly or indirectly, directly through the federal housing administration who had to get an infusion from treasury between 1 and $2 billion a few years ago. 70% of all the mortgages right now are either for single family homes or directly or indirectly supported by the federal government. we need to address fannie and freddie and get the private sector back into the financial market as well to reduce the risk on the federal government. we're adding three new areas this year. first is the fort lauderdale efforts the federal efforts to oversee programs to help indian tribes and their members. we're very concerned, we looked at the education programs, schools in poor conditions, not properly staffed, no quality standards for healthcare, a lot of vacant position, distributing funds to send people to private sector care if it's not available in indian hospitals, they're still using a formula they used in the 1930s. it needs att

it didn't touch fannie mae and freddie mac. there was a kind of root and branch look of the bigger centers of the financial industry collapse wasn't there. we are not going to see it until the next financial crisis. if you think there's not going to be a next financial isis, i signingint you to the ceremony when george w. bush said, this is the most sweeping reforms we've had since the new deal and the great depression. there will be no more enrons. we are done. in this shiny new future. will look not just at foreign policy which i don't think has been a success at all. i would characterize, unlike jonathan, libya as a very important failure as well as giving donald trump a loaded gun. we will look five years from now when the next bad thing happens. what did this guy do for us? we will think of that behavior worse and we currently do now. even as we remember the guy who we kind of liked as a dude. host: ok. that closes the debate. [applause] you want to come forward, please look at your cell phones. vote on the resolution. for

. >> we want to point out what is going on with shares of fannie mae and freddie mac.ng a third of its value on the heels of a ruling that hedge funds cannot sue the government for seizing the profits of the companies after they got bailed out by taxpayers during the financial crisis. one of the reasons people bought the stocks on the heels of the election was under the hope that investors would be able to participate in company profits and have recourse to some of those previously seized profits. today's ruling makes that more difficult. however, both companies have repaid around $68 billion to the government more than what they took out in bailout funds. those shares, guys, both down by 34 to 37%. back over to you. >> dom, thank you very much. >>> jimmy, let me get your reaction to this. it's obviously kneecapping fannie and freddie. >> there was a lot of optimism on policy fronts by investors. this is one of them. i think this is a good reminder that things may not work out exactly as they anticipate and it's housing here that may be tax policy later. things are not

fannie mae and freddie mac are in private security that they have been since 2008. many have moved through federal government, directly through federal housing administration who had to get infusion from treasury, between $1 trillion and $2 trillion, 7% of mortgages are for single family homes are directly or indirectly supported by the federal government. we need to address fannie and freddie and get the private sector back into the financial market as well to reduce risk on the federal government. we are adding three new areas this year. first is iff federal efforts to help indian tribes and their members. we are very concerned. we looked at education programs. schools are in poor condition. not properly staffed. health care area, no quality standard for health care. a lot vacant positions. distributing funds if it is not available in indian area hospitals. using programs from the 1830s. and using striebs the tribes th promote oil on their lands and it is just slow and they aren't able to generate that revenue that could help them deal with a number of their issue

it didn't touch fannie mae and freddie mac. there wasn't a look at what are the bigger centers of the financial industry class. we don't know if these banks are now too big to fail or not because were not going to see until the next financial crisis. if you think there's not going to be a next financial crisis i would point to george w. bush when he said this is the most sweeping reform we have had since the new deal and the great depression there will be no more and runs. so i fear we are going to look not just at form policy which i don't think it's been a success and i would characterize jonathan libby has a very important failure as well as giving donald trump loaded gun, think will look five years from now when the next bad thing happens and we'll see what does this guy do to help. we will think of that behavior worse than what we currently do now. even as remember the guy we kinda liked. >> that closes the debate. please look at yourself own a vote on a resolution for, against are undecided. we will give you. >> will give