senator boxer of california and senator isaacson of georgia. i'm happy to welcome them.lding's introduced to jump-start the market and help millions of homeowners refinance their mortgages. and with that, senator boxer. >> thank you so much, mr. chairman. i'm proud to be here with senator isakson he has a long, long the profession, a long time in his profession which before he came here he was in the real-estate business so i'm very proud that he is on this bill, and just to say this before i read any of my statement, our bill is based on a very simple premise. if you have paid your mortgage all along through all these difficult times, and it is at a high interest rate or you never missed a payment and the value of your home went down and down and down and you find yourself under water, mr. chairman, and you are still stuck at that seven per cent or 6% rate, you should be rewarded with a program like this. and what we say as you should have a chance if you want to refinance at the current level. but this is such a win-win. number one, fannie and freddie, because these wi

is losing nearly a percentage of them isaacson. over one percent. trade. questions markets have enjoyed a strong start to the week in part this has been due to optimism that europe's leaders are making progress in increasing the bailout fund for indebted nations but mark rubenstein felt also that markets are yet to price in reports that greece has passed on a popular property tax you know its immediate fiscal targets get a new pain on. the heels of the vote in the greek parliament last night i think the market got another indication that the. debt problems in the euro zone i've been addressed and might see continuation of the rally that we saw yesterday today particularly against the backdrop of rising expectations that b.c.b.s. going to act next thursday when it has another scheduled meeting. about about in about forty five minutes we're. going. to. see. the be. the enemy of. the the first some. good. period. and the big. picture the discoveries buzy the the the communication with the wind. test yourself and become free. see what nature can give you. twen

. >> host: well-known washingtonians and the head of the broadcasting board of governors, walter isaacson has another book coming out of his full-time job based on steve jobs originally scheduled to be released next march and have moved it up to november. >> he is having quite a rush job. a tremendous biographer. he does great work benjamin franklin, einstein, the a and -- and this will include the recent resignation that is amazing a the turnaround he must have had to do and the impact on the company will be included. a lot of people want to know why apple is so successful at a time when our country is not. that will be one of the best sellers of the year. >> it is being described, not authorized but steve jobs cooperated and gave interviews in which he has not done many interviews and that adds to the importance of the book. >> host: i don't know if you have seen in the cover but it is one large picture of steve jobs. what do you think of that. >> i have not seen that and cannot see your camera. >> it is a great picture of him and the way people want to remember her. i know his health i

senator isaacson?. >> thank you very much for calling this appropriate hearing on the housing industry, and i'm particularly pleased to join senator boxer of california in this particular piece of legislation which addresses a new phenomena that has taken place in the most protected housing recession america has seen since the great depression. that caused strategic for closure. there are the 10,900,000 american homeowners under water right now today as estimated that 10,900,000 are making payments on mortgages that the payoff is more than the house is worth. a new phenomena is something to cause the foreclosure where we shall look of the future of real-estate, looking at the values and walking away from their homes by a foreclosed house on the street thinking they will be better off. this has led the marketplace worse and continued to contribute to the downward pressure on the home values to read of the 10,900,000 people who are under water come up to 2 million of them and as senator boxer stated migh

currently the head of the broadcasting board of governors, former head of the aspen institute, walter isaacson has another book coming out. it is on steve jobs. originally scheduled to be released next march. they moved it up to november. >> he is having quite out rush job. tremendous biographer. always does great work, everybody from benjamin franklin to einstein. this book will actually include the recent resignation of steve jobs, which is amazing, the turnaround that he must have had to do and the impact it will have on the company. it will be included. a lot of people really want to know why apple is so successful at that time our country is not. >> go ahead. >> it is being described as not an authorized book, but he cooperated and give a lot of interviews. he has not done very many. that adds to the importance of the book. >> i don't know if you have seen the cover or not, but it is one large picture of steve jobs. what do you think about that? >> i have not seen it, and i cannot see your camera. >> it is a great picture of him. i think it is a very happy, the way a lot of people want to

senator mcconnelldi working with us in this regard but i am before i startedere is senator johnny isaacson ght. let's fight on something to off: fight it. there is nothing to fight about tonight. >> mr. president? >> republican leader.onnell: i'g >> i'm going to briefly walk usw through where we have been and where we are. think after two nights a vote the path get forward is clear. disaste the way to get all the disasters funds it needs and put an end to any talk of government shut dowe would have been for the senate to pass right away.w, the other side will not agree tt that.h is earlier today fema indicated itw has the funds it needs for the duration of i the current whichs this week without the billions more in funding of democratscans calling for.pend the quite frankly this is aeal vindication what republicansl a have been saying all along but l before we spend the taxpayers' money we shouldd. have a realuge accounting, real accounting of what is actually needed.th we alatso believe in these daysf prioritize our spending around here. that said, with this next vote i think the majority