. >> what we found is similar to what john o'brien found in massachusetts. again, they have a state law, but the findings were very, very similar. i think and talking to my other colleagues who are reporters, many of them feel a need to do the further study because they believe that what we outlined is probably happening in their county, as well, so they feel that those reports findings are fairly representative, so the players are the same. the actors are following the same laws in terms of state laws, so i think we could surmise that many things going on here is happening elsewhere. of course, california was hit by far the hardest in terms of foreclosures. >> in san francisco, you are some of the top players or lenders in san francisco? >> the lenders are not just local lenders, they are national lenders, but we purposely did not identify any of them by name, because as an industry, we found great failings, so i do not know if any actor was better or worse than anybody else. what we wanted died again were the situations we were facing, so i think what this

john o'brien is director of health care and insurance for the u.s. office of personnel management. overseas, federal employees health benefit program. and more importantly for this hearing, the federal long term care insurance program. this program is the largest private long term care program in the country. mr. loren coleman is with the department of human services, with more than 25 years of experience with with long term care facilities, a host of programs for older adults, and is the leading force behind minnesota's transform 2010 program. which is designed to help the state prepare for retirement of the baby boomer generation. dr. aiken is president of the american action forum. he was chief economist with the council of economic advisers from 2001 to 2002. and he serbs as the director of the congressional budget office from 2003 to 2005. professor judy fader has had a long and established academic career, serving as dean of the policy in washington, d.c., from 1999 to 2008. today she's a professor at georgetown university, a fellow at the urban institute and an elected membe

so let's talk more about that now with john brady with rj o'brien. he's at the cme. great to see you, john. >> hi, sue. >> what about this range-bound move in the 10-year? we can't seem to break to the downside and we can't seem to break to the upside. is it going to be like that for a while, do you think? >> it may be. in fact, it's been a very painful seven month trade with the range around the 2.40 yield level to the upside, about 1.70 to the downside. what's really taking place here, sue, is the fact that the market twice has tried to break out of this range over the last seven months and has failed. now from a technical perspective both on a 3-year chart and a 7-month basis looks as if yields want to retest the bottom of that range 1.70. that's not to suggest that 10-year yields and treasuries offer value. they don't. but there's a comparative asset game going on here. what used to happen in the capital markets is that treasuries would really drive trade. equities would respond. today it's risk assets that have the focus of policymakers and that's how risk assets

>> let's get the traders take on the markets here and checking with john, senior vice president, interest rate products at r.j. o'brienay because there's a period of time we thought we were decoupled from europe. we're following the european markets into the close. weakness in the euro. weakness in u.s. stocks. >> right. i think going into the afternoon session most of the economic data behind us, the focus is on europe. there's a little bit of concern regarding the sovereign debt issuance counter next week in europe which is why the traders are defensive. we need weakness in equities probably in relation to what's going on in europe. it's short covering going into the weekend. main focus next week will be the auction cycling in europe. >> much more say the big earnings week we have next week? >> well i think for earnings, they will be difficult to parse. most of the focus will be on top line revenue growth. those numbers may not matter much. you'll see pockets of strength. consumer cyclicals. listen closely for how mortgages are performing. we think there will be positive strengths. for traders this week, 1370, 1371

o'brien joins us now with a look at what is ahead on "starting point." >>> starting in ten minutes on "starting point," we'll talk to senator john mccain he'll join us livearly supporters, after the sweep last night we'll ask him what is the strategy for mitt romney now. >>> we'll take a look at a stunning new study about how kids view race, we talked to one little boy who is 6 years old and said his mother won't allow him to have white friends and i took the results of what he said straight to his mom and dad. >>> plus the masters teeing off tomorrow in augusta national once again under pressure to allow a woman in, he'll tell you why it's even stronger pressure this time around. "early start" is back right after the break and we'll see you on "starting point" at the top of the hour. i'm walt gale, i worked at the colorado springs mail processing plant for 22 years. we processed on a given day about a million pieces of mail. checks, newspapers, bills. a lot of people get their medications only through the mail. small businesses depend on this processing plant. they want to shut down 3000 post offices, cut 100,000 jobs. they're gonna be putting people ou