icahn says he no longer wants to be responsible to investors if there's another market downturn. in total, outside money makes up 25% of the funds' assets, or $1.7 billion. icahn says he's not predicting a crisis, but he has ongoing concerns about the economic outlook. >> tom: the number of homeowners who owed more on their mortgages than their homes were worth climbed at the end of last year. nearly one in four mortgaged homes were underwater in the fourth quarter, according to housing data firm core logic. that's about 11 million residential properties. the sand states-- nevada, arizona, and florida-- had the highest percentage of underwater owners. the report predicts more grim news-- home prices will fall another 5% to 10% this year. >> susie: when it comes to your investments, tonight's commentator believes it pays to read the fine print. here's john waggoner, mutual fund columnist at "u.s.a. today". >> you may think that fund literature has all the thrills of an elephant tranquilizer. and you're right-- every bit of interesting prose is surgically removed by lawyers. even s

decades but today he's making headlines in the financial times is unlike in the other two stories icahn foresees a market crash other guys he's giving his investors a limited partners in his huge hedge fund all of their money back because in his own words i do not wish to be responsible to limited partners through another possible market crisis just like that here's your money i'm getting the hell out of here thank you very much. and he's not the only one the article goes on to give examples of other hedge fund managers who are giving their investors their money back before they lose it all when the market bubble pops again. it's all right here folks in the financial times the real story of what's going on today's market think of it as a memo to the banks toure's to invest in the market now while the bubble grows but be sure to leave as soon as possible before the bubble bursts when nobody knows for sure but icahn is closing his fund in june three months from now it's a warning to us all that we may be heading toward another financial meltdown and you thought the monthly unemployment nu

brands of the of a's chief bullish outlook is a picture car like those of you who don't know carl icahn he's a power player on wall street he controls a huge hedge fund he may be most well known for buying and then taking apart and selling off parts of t.w.a. twenty years ago or thereabouts run it into bankruptcy while he made out just fine thank you very much it was guys making billions for decades but today he's making headlines in the financial times because unlike in the other two stories i can foresee the market crash other. he's giving his investors the limited partners in his huge hedge fund all their money back because in his own words i do not wish to be responsible to limited partners through another possible market crisis just like that here's your money i'm getting the hell out of here thank you very much. and he's not the only one the article goes on to give examples of other hedge fund managers who are giving their investors their money back before they lose it when the market bubble pops again. so right here folks in the financial times the real story of what's going on t

billionaire carl icahn is returning all the money that outside investors have put into his hedge fundn a letter to partners, he says he is concerned about another market crisis, especially given the current bull run on wall street. stocks have nearly doubled since hitting 12-year lows just two years ago. >>> facebook is breaking into the movie business. the social networking site has signed a deal with warner brothers that will let you buy or rent certain films. the first to be offered, "the dark knight" which will cost $3 or 30 facebook credits to rent. facebook promises more movie titles will be added in the coming months. the service is only available in the u.s. >>> and it's your chance to own a treasured piece of rock history. eric clapton is parting with dozens of guitars and amps for an auction later today in new york city. among the highlights is his signature stratocaster he played during the reunion shows in 2005. the proceeds will go to an alcohol and drug treatment center he founded in antigua. betty, i'm sure there will be a lot of people at that auction. >> oh, no doubt.

icahn barely afford to live in san francisco as it is. i do see a need to keep twitter in this city, but i'm a little concerned and going to be priced out of the neighborhood and the city as a result of what goes on here. i am not necessarily against the twitter legislation, but i would just emphasize that gentrification is a real possibility and if there is something that can be done to mitigate that impact, then i urge you to do so. thank you. supervisor chu: thank you. >> i'm with the housing rights committee and i'm a long time clear activists here in san francisco. -- longtime

icahn barely afford to live in san francisco as it is. i do see a need to keep twitter in this city, but i'm a little concerned and going to be priced out of the neighborhood and the city as a result of what goes on here. i am not necessarily against the twitter legislation, but i would just emphasize that gentrification is a real possibility and if there is something that can be done to mitigate that impact, then i urge you to do so. thank you. supervisor chu: thank you. >> i'm with the housing rights committee and i'm a long time clear activists here in san francisco. -- longtime queer activists in the san francisco. i'm holding up a book about the deadly street land trust. is probably the model about how communities can build themselves up from within and not be gentrified and displaced from without. call me idealistic, but if they can do it in boston, why can't we do it in san francisco? why can't we do something like this in the tenderloin? it seems to me this is long overdue in san francisco and it's a great opportunity to begin to

treasuries and billionaire hedge fund manager carl icahn is giving investors their money back and talking about the possibility of another market crisis and what do they know that we don't and why am i ben bernanke in the federal reserve be to blame are the financial correspondent lauren lyster joins me from now one from new york. or let's talk about what's going on with these investors are also with bill gross why is he dumping government bonds and why is this a big deal. well this is a big deal because bill gross runs the largest bond funds in the world not only is it the largest but it's extremely successful it's been the top performing bond fund over the last fifteen years outperforming eighty five percent of its peers so it's done a really good job he's a very well regarded investor very powerful investor and in his last month you know he was rallying against us treasuries which pimco has recently as three months ago held twenty two percent of their holdings and so they were major investors in u.s. treasuries so bill gross comes out he starts a rally against treasuries why because qu

treasuries and billionaire hedge fund manager carl icahn is giving investors their money back and talking about the possibility of another market crisis so what do they know that we don't and why my ben bernanke and the federal reserve be to blame r t financial correspondent moralists are joins me now with more from new york. hi there lauren let's talk about what's going on with these investors and you know i guess we'll start with bill gross why is he dumping government bonds and why isn't even a big deal. ok so bill gross last week came out with a report saying that the end of quantitative easing number two which is supposed to wrap up at the end of june it's the government's buyback program for federal grants or government bonds treasuries he said when that it's going to be d.-day so at that time it got a lot of attention that people didn't know you know is talking his book it's rhetoric although they have a great research team it has a great track record people didn't really know if this was just posturing while it turns out it wasn't so now it's been revealed that in fact has dumped

for example, icahn pickup from the last time i talk to her and she -- i can pick up from the last time i taught to read and she remembers people when they come into the war. i do not anticipate any memory problems for her. >> [inaudible] >> they are all important. we have to make sure that it will be safe for her to perform any activity. the goal is for her to witness the launch in april. our concern is that it will be safe and appropriate for her to do that. >> she will probably be transported. >> it is still too early. right now we do not have any details that we can share for you. we are still planning. we have a lot of options we are considering at this point. >> what about the skull? when the anticipated being reattached? >> typically we replace that three to four months after the injury. there is no rush to do it. by now we're planning sometime in may, and that is the normal time frame for that. let me clarify, three the four months after injury. >> which you be able to travel without that surgery in place? >> yes. >> no indication that she has any memory of that week leading up

want to see a glide path to get us back to balance because i think that it's just -- we're not carl icahns take over and fire 20,000 and sell-off 16 divisions and spend spin it off. we have to be more careful about it. we do have to cut spending tremendously but the budget is so far out of control to me politically it's impossible to get it back this year or next year. it is going to take three to five, i'm not proposing that number. it is going to take longer than people think. because those barriers will still be there in the middle of the highway five years from now if we, if we don't ever raise the debt lim. and i just don't see how that's politically possible. by the way and i know i went off on a tangent here. one of the reasons we're at this point is the very same thing i talked about before and that is that we add republicans vote for medicare part d and no child left behind. by the way, i mean, i almost hesitate to do this, but he's a good friend of mine. paul ryan congressman from wisconsin potentially president some day. tall, handsome has a beautiful wife, beautiful children. s