very little equity and when the rket began to turn down, the home mortgageswent into default in the llionsnot just @@in the thousands, and i$ maet, and thats still something that we are@@@still dealing with as we sit here today. and frede?uy stock in fannie >> they were public companies. that was one of real issues who managed that company had a mang sure @@th shall@we say t the loans about od loans. they were giving the loans to eve"ybody. do that. ess pressedthem to t it tued intoa hu multi- -- >> it's a capitalistic enterprise.@ they wan(ed to make money. >> 9es, but it was all with governnt money. that's the proem. >> making money on $he rket. >>tha$'s correct. >> n't that an oddity? disgrace in tes. y itorked t. >> 'hy, because@it was missing? because the9 had an incentive to improve the stock price and not worry abour -- >> by making all ese loans huh short-term profits and long- term losses. you were able to book gains in the short run, and so many of these -- millions -- [everyone talking at once] >> why are we talking @@about this? why? >> beuse wall street wts to make it look lik

hospitals or we've built several centers, trained thousands of people and are serving literally a llion people aear. to m that's exciting work. >> rose: this is what bill clinton said. "haiti after the earthquake is a ipping recollection ofhe quake's ruin, chaos, a despair and the story of rarkable persistence, hope, and love in the aftermath. once you've seen haiti through paul farmer's eyes, you'll never see haitians or any of the world'poorest quite the same way again." thank you. >> thank you, charlie. thanks for having me. >> rose: thank you. captioning sponsored by rose communications captioned by media access group at wgbh access.wgbh.org

we're at a point now where we're spending $3.7 trillion, $3.8 tri llion, we're collecting collecting $2.2 trillion. i'm sort of like senator cornyn on this topic -- and by the way, everybody else is, too, including the secretary of the treasury. nobody knows how much money this is, but we do all know if you're making $22,000 a year and you're spending $37,000 a year and you have already borrowed more money than probably anybody should have ever lent you, you can't continue to do that. at some point, there has to be a moment when you say we're going to have to get real here and we're making $22,000, we better start spending no more than than $22,000, and that includes paying off the money that we have already borrowed when we were spending $37,000. there are so many zeros and so many numbers here that if any of us really understood how much money we're talking about and how long we'll take to way it back, we would all be more scared than we are, and certainly the people we work for would be more scared than they are because we're doing irresponsible things, and as irresponsible as any

appetite for losing the kindp of money.ppppppp last year "the sunday times"pp pst 45 mipllion according to  publicly filed accounts involved that was lost by the times inp the way pmurdoch was able top subsidize the times wasp becau "news of the world" and evenpp with the news of the world gone and that's the seventh day merg quickly, news international is not going to have the money to continue to subsidize theppp so even if news corp. doesn'tp divest itself commentary topp mention the times continuing in its current form.ppppppp i don't enjoy necessarily disappear, but it will end upp being a shadopwpp ofpp its self, particularly bought by someone else.ppppp >> obeah final question.pppp has he been broken quitepppp >> he went no thankp you.ppp and rupert went maybe.pp >> he said no decision has been made as ofppppp yet.ppp which wouldp leave the door op to sayp i haven't fully decide, but we're preparing and getting ready and everythingp else.pp p the interviewsp has beenpp tightened in place with h.r

the opium trade is currently estimated to be worth $61 llion and accounts for roughly 50% of afghan's gdp. drug money funds more than just terrorist activity. it is also used to corrupt government officials and ultimately threatens destabilization of the country. we must remain vigilant against money laundering and terrorist financing by ensuring our laws keep pace with new and emerging trends terrorists exploit. we are reaching a point where the administration will soon be decreasing presence in afghanistan, while reducing the military footprintn afghanistan and increasg the operational capacity of afghans to govern their n country needs to occur clear, coherent planning must take place in advance. plans need to be in place to deal with drug trade and how counter narcotics operations and investigations continue absent security provided by u.s. military. we need to ensure law enforcement agencies likes dea will still be allowed to step up afghan operations. i want to hear what steps the administration has tken to plan for eventual draw down of troops, what impact it will have on count