to pay off a default that private loans so borrowers who have defaulted private loans often have feweroptions that usually involve some sort of settlement arrangement or raising defenses to a collections action for instance that the lender wheats too long to sue them they might be able to raise a defense based on the statute of limitations sometimes there are defenses based on inability to produce proper documentation but there is no statutory way out of it that is let me let me move on to senators like the listeners like elizabeth warren they claim that the government makes tens of billions of dollars in profit off of students a lot of student loans and then on top of that they make it impossible for a student they get out from underneath. declaring bankruptcy for a student loan is this an exaggeration or is this something to this are these numbers right first of all tens. of billions of dollars that the government's making and they won't help pay for a college education for the average american did i get that right. yeah i mean so i'm not familiar with the specific numbers in terms o

it is only normal that the cost of our evolving loan is a lot higher than a conventional loan. known. as the mt moved all. over. this song so. it's going to. hit zero when i. believe was that our year. be. released. in for with us to see we should point. the problem is the fees revolving loans figure in seventy percent of files of over indebted people and sometimes it leads to tragedy indeed some have nicknamed revolving credit revolver credit. one morning in august two thousand and nine jack discovered the lifeless body of his wife claudine who had hung herself in the laundry room of their house with a letter in the pocket of her shorts. to assume a look and she was in these. little codings negras the mother of four children and it was she who managed the family accounts as her husband worked abroad two hundred days a year she would fortunes signature and never spoke to him about the infernal spiral she was being sucked into a vicious circle of new loans taken out to pay off the old ones twenty seven in all in the space of three years for a total amount of over two hundred tho

bad loans to the third world. bad loans to the oil industry.ne of the reasons bankers made outrageous loans was because of federal deposit insurance. if the loan went well, you rake in the profit. if the loan went poorly, then the federal government picks up the tab. >> with deregulation, the s&ls got into that commercial real estate market and lost their shirt. >> all over the united states, people were building projects for which there were no buyers, mile after mile of these partially completed condos. and they're all on the s&l's books. >> there's something wrong about the savings and loan industry today, and it isn't me. >> charles keating was a lawyer who got into banking and was able to buy a savings and loan. >> when keating bought lincoln savings and loan, he used it as a private piggy bank for his own ambitions, like the venetian hotel that cost $500,000 per room to build. >> that hotel is a magnificent investment for savings and loans dollars, no question about it. >> the real problem is when our appraisers looked at it, it said it's

the export-import bank uses our tax dollars to provide subsidized loans and loan insurance if india wantsanes from boeing, exim will loan airindia money at below market interest rates. i'm not sure if american taxpayers are fronting the money for it, the defenders are claiming it exists to support america's small businesses. really? over 60% of financing helps ten giant corporations like boeing, caterpillar, ge, the same giant corporations that spend millions lobbying the politicians in charge of the export-import bank, but it gets worse. reuters found as much as 3 billion dollars listed as loans to small businesses was misclassified. among those categorized as small businesses were a division of billionaire warren buffett's berkshire hathaway and carlos slim's global conglomerate. how generous are you, the taxpayer to help him out? last month on swamp watch we exposed solyndra for government handouts. both the swamp things got cashed before they went bankrupt. solyndra got 10 million dollars in loan guaranties. and which citizen of the swamp was at the center of that? none other than for

of payday loan from the money shot takes care of life that imagine. not household names. that just make today might come to the money shot. hundred pounds in no time the visit money shop now for cash bank account that was so simple. they just make it so we say in the a.p. oh my god look at the a.p.r. . imagine how many have to pay that. cost just. one thousand two hundred twenty three point six percent and you consented right. well one certain turned twenty three point six percent or shrubbery every hundred pound your brother your private. but compared to. your garage. when i was working you know. the car trouble. and. i should have remembered all that when i started getting into debt and i didn't because. you promise you get a gift and you panel. and your fear bigger and your panic more a new panic more new panic. or has that stopped. growing get from the white there are people signing agreements for literally thousands of percent a.p.r. so what they're boring i'm paying back it's it's crazy really and it's caused a lot of problems for a lot of people when you're in a cr

to pay that loan back then i took another loan to pay the loan back and hold to start game bigger and the star game bigger and it was spiralling out of control. like many other british people sharon fell into the trap of easy credit with online catalogues where with a simple click one can buy all kinds of products on credit often with annual interest rates of up to thirty percent. it was so we say it was so easy to go online and go yeah it was my name my address my details thank you very much money's in your account so i made them made it too easy for me to get into debt. as for a fill up he took out loans to supplement his meager pension but he went under when the government abolished his council tax exoneration for the elderly. whether i do or did three very well the koori over to marie curie. oh roughly going to bed or no wouldn't work. because our god got so out to get it built up so much that scared me so much. i didn't know what to do. i'd lost complete national company all were. going to answer the door because you were sunday looking for money. or were down to the phony. it wa

saleo puts bad loans for online. this is "bloomberg markets: asia." ♪ rishaad: we are looking at southeast asian banks. a very competitive market out there. we have new entries to make it even more competitive. have a look at this. this is a bloomberg chart. as jack ma changing lines of partnerships around the world. 450 million people have limited access to banking services and, buying -- vying for core customers. we have seen how sales at alibaba have been going up exponentially. this will go up with other internet superstars out of china getting into the action. absolutely. we are always still watching for that potential ipo, that crown jewel of alibaba. look at the numbers compared to amazon prime day, we are expecting somewhere south of one billion. $18aw sales of almost billion last year for alibaba's day. we are around 30 minutes from the open in hong kong and china. janet yellen's testimony to congress is on everyone's mind. we are kicking off earnings seasons for the second quarter as well. singapore, taiwan

also, one thing to note about these loans in particular, most student loans are federal student loansd by the government. there's $1.4 trillion in student government debt and $1.3 trillion is government. those are not that batch. these were made to the riskiest or vulnerable students though. >> i talked to students that said they wanted to hear from the candidates that their student loan debt would be forgiven. ultimately, donald trump obviously is sitting at 1600 pennsylvania avenue. how does the trump administration approach this issue of the massive balloon in student loan debt or do they. >> well, there's a major change coming down the pike on that. right now, student -- the federal student loan debt is serviced by a number of deferent servicers. those contracts come up in 2019 and there's an open bid right now for the company that's going to take that over. so there are three leading bidders for it. the current student loan administration under betsy devos plans to award that to one single company so come 2019, the idea is that everyone who's got a federal student loan will be de

growing cashless society and i've got two guests here in the studio to go head to head on the student loan crisis plaguing our nation how we got here and how we're going to solve it stand by and who must start right now. wells fargo. j.p. morgan citigroup have all disclosed their second quarter results and all three beat wall street's expectations they collected more money on interest but it wasn't all good news for j.p. morgan the nation's largest bank by assets said it expected weaker net interest income falling bond yields also weighed down the sector its net income rose thirteen percent to seven point zero three billion dollars details now and wells fargo the largest mortgage lender in the united states said its profit edged higher in the second quarter as the bank got a boost from rising interest rates and the planned sale of its insurance service businesses its profit grew five percent to five point eight billion dollars or one dollar seven cents a share that was more than a dollar over analysts expectations and now to citi group the profit fell three percent as the banks set aside m

loans.ked nutty to investigators about the loan is the $16 million that the bank gave to paul manafort, that $16 million was almost one quarter of the bank's equity capital. i don't speak banker either. but what i think that means is that the bank had "x" amount of money it could loan out in total in the world and these loans that they gave to paul manafort, that was them loaning him one occupant of every four dollars it could loan to anyone in the world. this one bank bent over so far to give him money. one out of every four dollars that they were able to loan they loaned to paul manafort all at once when the campaign was -- we really don't know what was going on there. but the "journal" does raise one interesting prospect in this new report they just posted tonight. quoting from the journal tonight. the bank's loans to mr. manafort equaled almost 24% of the bank's reported $67 million of equity capital. from the time the loans were issued, mr. calk, had expressed interest in becoming mr. t

loan back then i took another loan to pay the loan back and hold the stock and bigger and the debt start a game bigger and it was spiraling out of control. like many other british people sharon fell into the trap of easy credit with online catalogs where with a simple click one can buy all kinds of products on credit often with annual interest rates of up to thirty percent. it was so we say it was so easy to go online and go yeah it was my name my address my details yeah thank you very much money's in your account so i made them made it too easy for me to get into debt. as for philip he took out loans to supplement his meager pension but he went under when the government abolished his council tax exoneration for the elderly. whether i do or did three very well because of the worry over them a week you're in charge of. always actually going to bed or no wouldn't. grow your drug or throw. to get a bill to apply more that's going to throw more. i didn't know what. i'd lost complete russian company or worse. go to want to do or got one hundred looking for more. or down to a phony. one of the

including better alternatives to federal loans. i can show you how to pay for your own child's way to college. in case you don't find that treasure chest. if you have a question about student loans, ask me. sincerely michele wright, fellow mom and fellow citizen. citizens bank student loans, call 1-866-999-0146 to apply now. citizens bank student loans, shades-a-poppin' during blinds to go's all shades sale. select from roller, woven wood, solar, cellular, sheer, roman shades and more! all 25 percent off. shades are still poppin, but not for long! blinds to go. blinds for life. >> a fiery plane crash shut down a stretch of the nation's busiest highway, the 405 in sant california. a plane skidded on the roadway. >> saw flames all around us. >> other drivers dragged the pilot and passenger to safety. the pilot sent a mayday call minutes after taking off saying he lost the engine. a highway inferno was captured in baena vista township atlantic county. that's where a tractor trailer burst into flames 5:00 along 322 at route 54. police

including better alternatives to federal loans. show you how to pay for your own child's way to college. in case you don't find that treasure chest. if you have a question about student loans, ask me. sincerely michele wright, fellow mom and fellow citizen. citizens bank student loans, call 1-866-999-0146 to apply now. citizens bank student loans, >> we are rooking live at the ben franklin bridge the scene of a high wire rescue overnight. two dare devil photographerers were arrested after they tripped security measures, sending an emergency response team after them. the climbers surrendered 400 feet up in the west tower. they have no safety gear. >> it's foggy, wet and you are way up there. for highly trained people like our officers, it's dangerous work. they put themselves and others in danger. i'm angry and we'll prosecutor them to the fullest extend of the law. >> the ben franklin bridge was shut down close to two hours. the suspect's efforts were for naught. police arrested them before they could snap a single photo. >>> a rin

. $5 billion in student loan debt may be wiped away as the companies who hold the loans don't have theccurate paperwork on file. jesse, madison, start with you. such an interesting story. so what's going on, we have a lot of students who took out private loans, and these loans were purchased by investors. they were sliced and diced and sold as bonds. now they don't have the underlying paperwork. so judges won't go after these people when they don't make their payments. what do you make of this story? >> it's a shame they didn't lose my student loan paper. we need to look at student loans in general. it has accelerated at such a high rate that it's become a burned for students and the u.s. economy. '. there is over a trillion dollars in student loan debt. this is as huge problem with many young people being forced to delay things like purchasing a home, getting married, starting a small business. this is just a negative for the country. by looking at federal and private loans we can improve on this. gerri: i'm sorry to interrupt madison, senate majority leader mitch mcconnell just decla

set aside more money to cover souring loans especially its credit cards the new york based bank earned three point eight seven billion dollars or one dollar twenty eight cents per share the result still beat analyst forecasts of one dollar twenty one cents a share now city had net interest revenue of eleven point one seven billion up six percent from a year earlier and at the closing bell on this news this is where the markets ended today the dow up eighty five points at twenty one thousand six hundred thirty seven seventy four the nasdaq up thirty eight to six thousand three hundred twelve forty seven and the s. and p. five hundred up nearly twelve points to two thousand four hundred fifty nine nine twenty. and the poor in italy are suffering more than ever and their numbers are unfortunately growing in two thousand and sixteen people living in absolute poverty in the country hit its highest level in more than a decade and this is despite a modest economic recovery absolute poverty as defined by the national institute of statistics covers those who are unable to afford goods and servi

including better alternatives to federal loans.you how to pay for your own child's way to college. in case you don't find that treasure chest. if you have a question about student loans, ask me. sincerely michele wright, fellow mom and fellow citizen. citizens bank student loans, call 1-866-999-0150 to apply now. >> it is sunday, july 2nd, good morning, everyone, i'm jan carabeo. meteorologist, matt peterson, liver out there on the cbs-3 skydeck this morning, with eyewitness weather. so, matt, when i walked out the door, it was still muggy out there. you say it will feel better today, right? >> yes, it will be a little bit bet they are afternoon, and while it does still feel a little bit sticky out here, i'll gulf that you, still not as bad as it was 24 hours ago. yesterday at this time it felt like were you walking into a sauna as soon as you step outside. so little better so far here on our sunday. it will continue to get little drier going through the afternoon as westerly winds bring in some drier air. storm scan3 showing you n

the banks of they engage in discriminatory lending practices under the fair housing act for those loans given to african-american and hispanic home buyers a result lit in foreclosures. this is only a partial lid with a high court threw out a ruling by the 11th circuit court of appeals but ordered a lower court to reexamine the lawsuit against wells fargo and bank of america to prove there was a direct connection between the bank's lending practices and the city's losses. this is one hour. >> your argument first this morning case 1111 verses the city of miami. >> mr. chief justice the question is if whether the city can sue under one of the most important laws of the fair housing act the question -- the answer is yes are sometimes. that would eviscerate g.o.p. doctrines of the court of proximate cause but it cannot be never because the city can identify it its own interest such as expenditures to combat the racial misconduct in third the lawsuit looks out proximate cause because the injury that it seeks to remedy is unrelated and several steps removed from any alleged acts of petitioner.

and these loans that they gave to paul manafort was them loaning him one out of every four dollars they loan to anybody in the world. this one bank bebt over so far to give him money. one out of every four dollars that they were able to loan they loaned to paul manafort all at once when the campaign was -- we really don't know what was going on there. but the journal does raise one interesting prospect in a new report they posted tonight. quoting from the journal tonight. the bank's loans to mr. manafort equaled almost 24% of the bank's reported $67 million of capital. from the time the loans were issued, mr. calling, had expressed interest in becoming mr. trump's secretary of the ar army. he's giving these gigantic loans that his bank cannot afford. steve calq is the head of the little bank in shi. he did not become secretary of the army. was there any connection between him wanting to be army secretary and giving those seemingly inexplicable giant loans? no idea. but the journal is raising those two points together tonight and reporting that the d.a.'s office in manhattan has subpoena

it is a consumer loans. it is an interesting one. it is a consumer sort loans.umer sort of story, it works for daily mail readers, people like your normal people who have cars, and it ticks a lot of boxes. in this country we have politicians, journalists and bankers who are all a bit dodgy, and they are going for car salesman. because there is no one more dodgy than a car salesman. sitting in his lime green armchair, like that is the worst thing they have. but there is something serious because from what they are reporting, young people are walking in off the street without an apparent income and being offered loa ns apparent income and being offered loans of thousands of pounds, and it kind of snacks of the financial crisis, and a sort of pyramid scheme. itjust crisis, and a sort of pyramid scheme. it just sounds unsustainable. lee mack and they do make that point that this is consumer debt again, people who clearly don't have the means to pay. sometimes who are themselves in credit card debt, being encouraged to ta ke credit card debt, being encouraged to take

one of the nation's largest private student loan, national collegiate student loan trust, strugglingthey have the legal paperwork to prove the debtors owe them money. originally made by banks the loans were in court because debtors had failed to make payments. it is an umbrella name for 15 trusts to hold $800,000 in private student loans, total are $12 billion. ploern $5 billion in default. that's 160,000 loans the trust goes after people who can't make the payments in course. judges have already dismissed dozens of lawsuits in lices like new hampshire, ohio and texas against former students wiping out the debt, the documentation proving the loan is missing, m.i.a. how can such records go missing? it's a lot like what happened in the mortgage meltdown. basically, student loan debt was turned into bonds, brokered into small pieces to be sold to investors in a process called security savings. the trust regarded the investments are safer and easier to manage rather than holding thousands of individual loans. in the process, though, ownership records were likely lost. so here we are, lot

>> [inaudible] i spoke to the loan officer who made my loan, and he referred me to the servicing center in el paso, texas. both of those people told me that sba does not consider those loans as duplicate benefits as long as the money for reimbursement follow item seven of your loan document. i have copies of that. i have given it to your office and to several legislatures already. basically, what it says is that the reimbursement needs to be assigned to the sba for the loan to be paid down. that's what two different sba officers told me this week. >> all i can say -- i'm sorry, all i can say is that it is exactly the opposite of what hud, sba, multiple -- i'm sorry. i can't -- >> [inaudible] we signed a document with sba, no one else. sen. cassidy: michael, hold up your hand. dale is back there. those are two caseworkers. ma'am, if you could connect with michael or dale, let them get your information, and we will try to get to the bottom of it for you. there's a gentleman back here that had a question. just a second, ma'am. >> i'm 71 years old. i lost four pieces of property and two bus

including better alternatives to federal loans.w to pay for your own child's way to college. in case you don't find that treasure chest. if you have a question about student loans, ask me. sincerely michele wright, fellow mom and fellow citizen. citizens bank student loans, call 1-866-999-0146 to apply now. citizens bank student loans, the students of strayer university. time has taught us, the strength in them is in us all. and to all who seek their true potential, we say, let's get it, america. >>> what's a hero? sports star? a celebrity? what about an ordinary person who steps up and meets adversity with hope? in my new book "be the one" i set out to meet these unsung heroes who conquer their hardships with fierce determination. tonight we introduce you to some of these extraordinary young people. at 23 mccala sanderson is living the life many her age only dream of. married last year to her high school sweetheart, both graduates of the university of alabama, roll tide, both with careers they love. >> welcome to our new humble ab

including better alternatives to federal loans. show you how to pay for your own child's way to college. in case you don't find that treasure chest. if you have a question about student loans, ask me. sincerely michele wright, fellow mom and fellow citizen. citizens bank student loans, call 1-866-999-0146 to apply now. citizens bank student loans, >> a death after a case of human smuggling in san antonio. as many as 100 undocumented immigrants were in a sweltering tractor trailer. one person onboard says there was a hole in the trailer wall to provide ventilation. they took turns breathing from it. >> i woke up and wanted to have run. i felt faint and fell. i was very week. the driver, 60-year-old james bradley was in federal court. he said he didn't know anyone was in the trailer until he opened it and heard bangingftere person was dead, he didn't call 911. he could face life in prison or the death penalty. >> jared kushner will return to capitol hill tomorrow afterd a s there today meeting with senate intelligence committee conce

, and then we have the core loans like consumer loans and commercial and industrial loans that we're trying to grow so core operating loans and including 7.5 which is very strong the optimizing ones so the net was three so we have really loan growth i think in this quarter >> i wanted kelly to play what we spoke to is the mortgage market and getting more of the availability for some of the younger people take a quick listen. >> our goal going back to regulatory reform is should you move it from down 20% to 10% wouldn't remove the risk so you like a mortgage to get done and if you look at the statistics, the difference between 80 and 90 ltv, loan to value, isn't much different as it is between 95 and 90 that's when you start to see real differences in performance statistics so we don't want to wish people that borrow money to have trouble paying and i think we can remove some of the rules. >> kelly, you think those rules need to be moved as well >> yes, i do i totally agree with brian there's two facets to this issue, what he talked about. we've clearly made it too hard for young peop

including better alternatives to federal loans.how you how to pay for your own child's way to college. in case you don't find that treasure chest. if you have a question about student loans, ask me. sincerely michele wright, fellow mom and fellow citizen. citizens bank student loans, call 1-866-999-0146 to apply now. citizens bank student loans, >>> closed captioning provided by -- unisom sleeptabs to fall asleep 33% faster and get all the benefits of a good night's rest. take control of your sleep with unisom. >>> this is security footage from inside an art exhibit in los angeles. the artist simon birch has created an exhibit that goes through 14 different rooms. providing different experiences. in this case, these pillars have been set up with 60 different sculptures. six years in the making have collaborated with 16 different artists, they were designed to look like beautiful crowns. you can see each of them over their own pillar. keep an eye on these girls over here. one has a big camera. she's taking shots of that crown right

the question is about people who took out sba loans. i am sorry that i do not have good news for you on that. we have tried and tried to get relief on the stafford act rule that the loan is just like a grant. i will explain some numbers to maybe make it a little easier. if you had $50,000 worth of damage in your home of flood damage and got a $25,000 sba loan, we can't replace whatever portion of that loan was for structural repair. we can replace anything that was for contents or other aspects of the house. we can also cover the unmet need above $25,000 that you borrowed. but we cannot replace the sba loan. federal law considers that a duplication of federal benefits. i'm sorry, we have not been able to get a different answer. >> [inaudible] i spoke to the loan officer who made my loan, and he referred me to the servicing center in el paso, texas. both of those people told me that sba does not consider those loans as duplicate benefits as long as the money for reimbursement follow item seven of your loan document. i have copies of that

including better alternatives to federal loans. i can show you how to pay for your own child's way to college. in case you don't find that treasure chest. if you have a question about student loans, ask me. sincerely michele wright, fellow mom and fellow citizen. citizens bank student loans, call 1-866-999-0146 to apply now. citizens bank student loans, >> still too soon to know why a thrill ride fell apart at the ohio state fair yesterday but we are learning more about 18-year-old tyler gheral who died when the ride fell apart. he was helping as a member of the police explorers and had enlisted in the marines less than a week ago. >> a ride similar to that in ohio has been shut down at the county fair in new jersey. the company that operates the fair wanted a ride known as the claw to be shut down as a caution. inspectors put the ride out of service this morning. there will be sanctions against russia, iran and north korea if congress gets its way. the bill limits the president's ability to ease sanctions against russia without co

moreve more loans, but not for loan losses.ll discuss that dynamic through the next two hours. if you have a bloomberg terminal, check out the go. you can interact with us directly. ♪ this is bloomberg. joanathan: earnings are coming in for citigroup. alix: revenues almost $18 billion. equities a down year on year. investment banking was the best in seven years. charles: the numbers are stronger-than-expected the revenue number was in line. thetrying to figure where heat was. i don't -- i haven't seen the numbers yet. alix: we are going to the press release right now. consumerl customer rating was up as well as their loan and loan losses were down. that feels like a different story than the headline at jpmorgan. charles: they been talking about generating positive operating leverage out of mexico. american banks, they've been looking for the second half to be with the story starts to build because of the card business. you want to look for something in the card is this that shows momentum. have higher rates bailed out? charles:

including better alternatives to federal loans. i can show you how to pay for your own child's way to college. in case you don't find that treasure chest. if you have a question about student loans, ask me. sincerely michele wright, fellow mom and fellow citizen. citizens bank student loans, call 1-866-999-0146 to apply now. we did not know where to turn. the boys town national hotline was there. when i called the hotline angelo answered the phone. he gave me hope - he gave me guidance. if you are a parent struggling, tdd # 1-800-448-1433 i would urge you to call the boys town national hotline tdd # 1-800-448-1433 to help you. tdd # 1-800-448-1433 >> stunning news about an american icon, john mccain has a brain tumor. the 2008 republican presidential nominee survived torture in vietnam but now he has a brain tumor. physicians removed the tumor now they'll determine the type of treatment he needs. >>> at least 155 people were arrested as healthcare protests erupted on capitol hill again. 45 locations, one of the prime sites, pat too

bottom line numbers, top-line numbers, both beat however, loan growth, core loan -- what, i think it was 8% or something like that the street was looking for 10 to 11 because of guidance they gave at the end of may. jamie talked about how the congress has not moved any of the agenda items forward and he said, that is a big problem. that's holding back economic growth i think most of us would agree, we would get better economic growth if we had an infrastructure program, which they're not even talking about and if we could do -- >> well, to be fair, there are three infrastructure bills that are floating around. >> floating? >> they're not getting anywhere, because they need a bigger bill to be attached to. i hear what john is saying, but if the numbers were so good for jpmorgan chase, why is the market selling the stock down 1.5% >> i don't think we should paint the whole sector with a different brush stroke jpmorgan for many years has punched above its weight class or at least above its competitors in terms of share price return for this reason, i've looked at something more like a c

citizens bank student loans, call 1-866-999-0154.udent lending, we have student loan options that others don't. tter as a leader in student lending, alternatives to federal loans. i can show you how to pay for your own child's way to college. in case you don't find that treasure chest. if you have a question about student loans, ask me. sincerely michele wright, fellow mom and fellow citizen. citizens bank student loans, call 1-866-999-0154 to apply now. . >>> i'm erika martin. you can already see how thick and soupy the skies are. we do have some heavy rain headed our way. folks this is really a neighborhood forecast. we are expecting 4 to 5 inches in total. 2 to 4 for parts of the jersey shore. i do have it all. we'll break it all down for you in just a bit. >> thank you. now more on the accident at the ohio state fair. the pendulum ride was inspected hours before the accident. gabe tells us when it comes to amusement parks there are not federal safety rules leaving states to come up with their own regulations. chaos at the carniva

even if i were to get a loan, it would be too small to start the business. they aroouf proved a loan of more than $11,000, but rather than hand over cash, the company bought the pigs and feed. in one year, he expects to earn a profit of $14,500 after pay ing back the loan plus the 15.5% interest. this kind of lending may sound risky, lending to people on the farms who don't have much experience with modern finance. but in fact, they say their recovery rate is 98.5% and in a country where so mazombie compa may or bet. >> the farmers, we find them to be very honest and reliable and basic people and they are just looking improve their own lives. >> that's what's happening to the food. i wanted to have a fridge and a tv when i got married. but we didn't have the money, his wife said, now, we do. good for an economy in need of new consumers for future growth. >>> coming up, summer stinker. why most of the movies that were expected to be blockbusters are turning out to be busts. >>> the -- is filing for bankruptcy production. a change in consumer taste and the shi

including better alternatives to federal loans.an show you how to pay for your own child's way to college. in case you don't find that treasure chest. if you have a question about student loans, ask me. sincerely michele wright, fellow mom and fellow citizen. citizens bank student loans, call 1-866-999-0150 to apply now. but i know it won't be easy. how will i keep up with everyday expenses: rent, food, bus tickets? >> joe: hi. this is pennsylvania state treasurer joe torsella. our state treasury is proud to offer the pa able program, a savings plan for people with disabilities, including emily. open a pa able account today by visiting our website at paable.gov. >> emily: start saving to live independently today. >> take a look at this, skies did clear just in time for the display, free performance on the plaza, too, the bands played old, new, and patriotic songs. wawa welcome america's next fire work shows on july 4th, 1 show will happen over the delaware river, the other will happen over the ben franklin parkway. >> the obvious q

including better alternatives to federal loans.how to pay for your own child's way to college. in case you don't find that treasure chest. if you have a question about student loans, ask me. sincerely michele wright, fellow mom and fellow citizen. citizens bank student loans, call 1-866-999-0146 to apply now. citizens bank student loans, rightthisminute.com. check them out on our mobile app. >>> john here is a terrible human being. because he and nicky are moving from la to minnesota. >> cleaning, organizing, putting away our clothes y. thought this would be the perfect opportunity to prank her. >> of course he thought this. it's pranksters in love. he offers to go out and get her favorite sandwich. >> little does she know i have scorpions in a can. >> that's a thing? >> apparently so. you can buy them online. >> scorprions are her biggest worst fear on the planet. she hates them. >> wonderful. wonderful. we're going to take the scorpions and put them throughout the sandwich and rewrap it and put it back in the bag so it looks like

loans the small business are made by community banks and 77% of agricultural loans are made by small community banks and credit unions in our community. and agriculture is the number one industry in new york state. , similar, this mirrors what is going on in the business community and the banking community as you provided in your prior comments to my predecessor, speaker, you think a lot of government programs can help and taxpayer money may be spent for work revitalization. i am suggesting possibly be free market since in new york state we spent four times more using taxpayer money and so-called cronyism on noticing jobs and have the worst job production in the nation. the highest migration of jobs and people because of our regulatory burdens. i thank you for indicating earlier that you think there are some ways we can reduce regulations on some of these banks, especially the smaller ones that cannot compete because of the compliance requirements. we had the growing cyber security issue where that is becoming very costly and burdensome. obviously, lending to mortgages and personal l