thank you billy for loaning me. the asian week foundation, collaboration san francisco.e to announce the heritage award in the community impact category is asian improve art. the co- founders please join us on instantly to receive the award on behalf of the asian in proud arts. >> well, maybe i'll get it started here and john will bring it up. i'm francis wong and together we founded the asian improve arts we're celebrating our history in the san francisco area. and it's quite on honor to be standing before you and to see how the idea of a group called asian entertainment we're not an - we do improvise and i don't want to repeat a lot of things but we're a group for creativity and we want to acknowledge and applaud the committee to recognize the performing arts we offer not only in entertainment but to effect the patterns of thought how do we think about solving the problems and envision a new world? we find in our work as im- arts we're part of envisioning this new world and we're standing on the shoulders of our immigrant forebearsors my patent landed by at&t park and

loan. it took me three years to get. we need more capital. i tried to get a line of credit from wells capital. i was decline. where does someone like myself go? i have a loan, i need additional funding. >> did you try through the sba? >> i already have an sba loan. i went to wells fargo for a line of credit and they would not give me one. >> i can speak to you about it. when we look at funds that are needed, the biggest thing we look at our cash flow. i can address that with you. unless there is an issue, at that point -- [inaudible] >> let's talk, ok. >> i have a couple of more questions. i know that the panelists have agreed to stay after for those who have specific questions. i do have one question for wells fargo. what are the typical rules for applying for sba loan of less than $50,000? how much money do we need to have in your bank to apply for a loan? >> i am on the smaller side of the bank. i am a transaction guy. i do not technically require one to have an account to do a loan with. what i look for, i generally start at 100,000 and up

almost 7 million people have snagged government loans since obama took office. tweet me. our college loans the next big meltdown? your turn to weigh in. your comments coming up. cheryl: you are so shy, dennis. you really have to work on that. [ laughter ] dennis: no one is doing anything about it. cheryl: acting irs commissioner testified before the house committee reporting his findings before a month-long audit. rich edson has the details. rich: there is plenty to investigate when it comes to the internal revenue service. basically what you are looking at today is a bit of an argument. something democrats say absolutely did happen. >> they have led many people to believe only conservative groups are groups with tea party in their names. now we know that that is not the fact. >> treasury inspector general has responded to these claims. what happened was there were progressive groups that were put on a "be on the outlook" list. it was really only conservative groups that were targeted. >> only tea party cases, at this point, were flagged and sent to another review. there w

if we cannot, i look for the micro guys to help me out with the smaller loans. it is a collateral loan that we cannot do, i do what i can. we are here to lend. >> thank you. hopefully, people have their question cards. i am going to open it up to the audience. if you have written a question down, please give it to us so we can start compiling them. if i see a repeat questions, it will help to expedite the process, answering those questions that people want answered. we have some of the best and brightest minds here. don't be shy. if you could do us a favor and use the microphone so that everyone can hear your question. >> you had mentioned about assistance in public contracting. for small companies, one of the issues is bonding. what do you do on that? >> for all public contracts, public agencies need to see that there contractors have bonding in order for them to demonstrate they can complete the contract. sba provides an insured bond guarantee to those who do bonding to small businesses on public contracts. so there is an sba program on a maturity bonding, sim

but the fed's charge as much as 6.8% on an and subsidize student loan. >> should they be in the business of lending money? the answer to meis absolutely no. loans areernment is well intended, but leaves student deep in debt. >> while you wait, you have to spend more money to send your kids to college. >> some schools are driving up prices. for seniors like lisa koffman, there are especially worried. >> i'm afraid i will not be able to get a job and repay the loan. >> students and graduates will end up paying the price. >> you hope you find a job to be of the pay it off. then you're stressed out. >> some experts say that it defaulted loans are a risk to the government. some of the money is supposed to be going to pay off the affordable care act and reduce the deficit. creeks are wondering where it will all end. are wondering where it all end. gm is recalling nearly 200,000 suvs. various 2006cludes trailblazers as well as some saab and isuzu suvs are also included. washington state woman says she was forced to quit her job after showing up to work with a shaved head. she shaved her head in support of her sister who is strug

>> he's going to loan one to me for a week. >> he has three of them, like he'll notice. >> one for eachf us. >> what can we expect tomorrow morning? >> here's a look at temperatures right now. we're going to see similar temperatures during the day tomorrow with low clouds approaching the coast but that system in the gulf of alaska is going to bring a big change in our weather tuesday and wednesday. it's going to lead to more cooling, showers i think for lake county, maybe northern sonoma county tuesday. and then summer arrives friday, 80s and 90s for next weekend. >> thanks for watching nbc bay area news at 5:00. for our families... our neighbors... and our communities... america's beverage companies have created... a wide range of new choices. developing smaller portion sizes and more.. low and no-calorie beverages... adding clear calorie labels so you know... exactly what you're choosing... and in schools, replacing full-calorie soft drinks... with lower-calorie options. with more choices and fewer calories... america's beverage companies are delivering. >>> good evening. i'm diane dw

i should do is to they offered me a loan modification of september it was a friday it was about two thirty after you know never forget it actually was two thirty four to be exact i remember exactly that. i would call telling the lawyer. and i said where is the paperwork that you're supposed to be sending me that says that. the cell date was stopped. and she told me. that the sell date was solid well september thirteenth q. and tell one day i was getting ready to leave the city for a few hours and my phone rang and they told me justifying tolbert as the i am you say we are the new owners to use what they say we are the new owners i thought it was a bad dream or something i would try and hit myself to wake up here they sold the house to. the new owner and the new owner. what i had left to go as i said i'm a day care provider i went to drop all of my granddaughter to school when i came back of a saw a lot of people standing in front of my gate where they had changed a lot so my gate i could not get into my house. with the increase of insolv

absolutely swimming, unable to pay back any of this debt, with 6, 7, 8, 9% interest rates on these loans. >> let meren speaking on june 6th to underline the point that both of y'all made. both, that there is this proposal that's going the tie student loan interest rates to these variable rates, making them basically balloon mortgages for young people. but also that it's big business for the banks. let's listen to senator warren. >> some have argued that we can't afford to keep interest rates low. but let's be clear. right now, the federal government is making a profit from our students. just last month, the congressional budget office calculated that the government will make $51 billion this year off student loans. have we become a people who will support our big banks with nearly free loans, while we crush our kids, who are trying to get an education? >> have we become a people who will do that? >> yes, we have. i mean, we are one of the few nations in the world that have taken our brightest and best months, the innovators of the future and turned them into indentured servants. we are engaged by p

means an extra $1,000 estimated owed over the typical 10-to 12-year life of the average borrower's loan. let mering in amy barnes. good saturday to you. >> hi. >> when we look at the numbers here, it just doesn't look good, at least by the math itself. why weren't lawmakers able to get a deal? we've been talking about this. >> they are pushing this new legislation for -- to expand it for another year. and we'll see how that goes. but nothing is for certain. >> yeah. and as we look at the issue itself, there's also political fallout. it seems that the democrats are the ones that can't quite see eye to eye. two separate press conferences on two different approaches to deal with this. >> exactly. you're seeing republicans use the democrats's slogan from last year, don't double our rates. this has become a real issue for them. so hopefully i think that's why you are seeing democrats kind of pushing this legislation. they hope to get it together at least for the next year to extend this rate for the next year. >> all r you know, we saw protesters gather in d.c. as lawmakers did leave for their week-

heated debate over efrl educational concerns, from preschool and no child left behind to student loans, joining meecretary of education, arne duncan. secretary duncan, thanks so much for joining us. >> thanks so much for the opportunity. >> education is always a hot topic and we love to have you on the show to talk about all the things you guys are working on. this initiative in particular strikes ming as is we should have been working on ten years ago. it's good to know the president is making this a priority. but with anything these days, it seems like there's a lot of partisan back and forth. and i think the first area of concern or this first question i have for you, regarding connect ed is who's going to pay for it? we know that congress does not have to approve it. but how are you going to cover the costs of this? >> this is just a huge opportunity for our nation's students and for our nation's teachers. we want to empower students to be engaged in their own learning 24/7, have access to online tutoring. access to foreign languages, they simply don't have those opportunities today and it's n

they may not get the imf loan. tell me what's going on?hings that very few people acknowledge. greece hasn't been spending as much as it should have to the point that people love their jobs, it hasn't been in the public sector at all. there's been a lot of private sector austerity in the form of higher taxes. a gigantic burden on the private sectorr and they're just not getting their house in order. and they look, and there's just, kind of somewhat rioting in the street because they're going to put an end to public broadcasting. these people, i don't know what they're thinking about, and i mean, i think they, they truly believe that they can go on, live the way they've been living, which led to their demise and that everyone is going to pay for them. and the imf is saying, i don't think so. >> you and i have been talking about this for at least two years, this endless problem with europe and the euro and the rest of it. and when are we going to come to an end point where either things are definitively settled or the euro breaks up? have yo

loans. so there is a spread there. national banks are offering rates libor plus, relatively the plus. >> -- >> so you're telling me it's like federal loans which this year will make $51 billion in profits for the federal government. i'm not sure i find that reassuring. ms. eberly, do you have any comment on the question about the federal home loan bank boards lending to sallie mae at a third of 1%? >> so i think the issue you're raising is a public policy issue. the federal home loan bank is authorized to make loans that are secured by the former federal loan program collateral. so lopes that were issued by -- loans that were issued by institutions with a federal guaranteed. so that is allowed -- >> i'm not asking the question whether or not they braved illegally -- behaved illegally. i think we've heard from our witnesses today that home home ownership is, may be undermined, that there's data suggesting that home ownership is undermined by the growing amount of student loan debt. and so i see the federal home loan bank board seems to be heading in opposite directions at the same time. mr. chopra, do you have any comme

loans. i hope that is not the case. i know the gentleman shares with me a desire not to allow students to be put in a position to phase a doubling of interest rates if they decide to incur additional student loans. i would say to the gentleman, his question. we would stand ready to work in a bipartisan fashion. the senate does not seem to be able to produce anything. the house produces something very close to what the president's position is to make student rates variable to allow for the rates to be cap so the exposure is not what it would be otherwise. unfortunately, no movement yet. we stand ready to work, though. i yield back. >> i thank the gentleman for his comments. i was not going to mention what happened on the floor today but the gentleman brought it up. the gentleman is correct. the committee passed a bipartisan bill. the democrats voted for the bill. the problem is that 62 republicans voted against the bill, as it was amended, notwithstanding the fact they voted for the last amendment that was adopted, which we think was an amendment that woul

last year many of you went here and you know like my day already loaned services when they foreclosed on me after a two year battle to save. by feel things recent report that eighty poor eighty four percent of foreclosures including mine have by glaciers of california foreclosures all the banks continue to foreclose any big families from their homes now i would like to introduce caroline gate. my day for himself or college if either. the last time you were here i took back my home after being displaced for nine months. i was in a four year legal battle against my think and all the things that they saw my loan to on november first of last year with the support of unions community and ace foreclosure fighters i reclaimed my home. as we progress on this journey to take back our neighborhood i want all of you to join me to occupy his home. yet. you know sometimes you see a story and it seems so for lengthly you think you understand it and then you glimpse something else and you hear or see some other part of it and realized everything you thought you knew you don't know i'm tom hartman welcome

me to have a baby. he pbably has college loans and other debt he may need to pay off but instead he is subsidizing me. >w could you possibly know if youre going to get a cancer diagnosis next week? number one. >> that katz catti catastrophic coverage. >> that is the point. >> everybody thinks what john just said. it is absolutely untrue you can g sick then get insurance. there is an open enrollment period. it will start in october. it will finish on marm 31 next year -- march 31 next year. if you don't buy insurance you can't buy it until the next enrollment period. >> it stinks. >otherwise everybody would wait. >> john has it right, this is not insurance at all. it's prepaying next year's expense. for younger person that is true. you want kitti catastrophic coverage. you should choose what you want. >> weave the leave it there. next up, privacy concerns erupting over reports that the government is snooping. just about everything. phone call e-mail, credit cards, you name it. should you fear it? the "cashin' in" crew on it at the bottom of the hour. up next, after three months of protests t t.s.a. keeps

they're only buying the really high-quality loans, and that's what the ceo, mr. waters, told mehole loan, not sliced and diced. they have high fico scores and large down payments, so the lowest-risk loans to start. >> all right, diana, stay there. let's talk about something else, an interesting store with high-end homeowners who don't want to sell their homes the traditional way. they're dealing with potential buyers be approved for jumbo loan, are they skirting the realtors and using online auctions? for example, university of alabama's head football coach nick saban is doing just that. his investment property in georgia is going up for auction later this month with a starting bid of $10.9 million. it's run through concierge auctions, laura brady is the president. and she joins us now. this one, it's using technology, an efficient way to do this, but it also smacks of frenzy in some ways. am i wrong about that? >> well, actually, this auction is going to be conducted the same way that the majority of our sales are, whereas there is a live auction that's actually happening at th

what happens is when you take out that loan today, when you leave you're already at a disadvantage because it took mebut all of a sudden you may be paying x amount of money and making way and the rate goes up. now you can't afford what you have. to adjust it to the market, if you look at the president's bill it's substantially different than what the republicans have ro posed. >> you're not stap want to extee or two years. >> right. >> even though it might generate billions of dollars over the next decade. >> i'm not looking to generate it on the backs of our students. i want to create an opportunity for the future of america. what better way to invest in america than in the quality of young people. why don't we burden them with that. they're our future. that are the ones that will take us to the next generation. we were giving people free college education in many places. that's not available today. >> you're back in your district this week. you'll be having some town hall meetings. this subject will come up. do you think it will be the resonating issue or there will be others? >> there will be othe

loans. current law -- let me state it again -- unsubsidized stafford loans, current law 6.8%. ms. warren: that's right. mr. burr: graduate-plus loans 7.9%. somehow somebody thinks this is fair. and i personally participated in coming up with something that treats everybody the same, that ties it to a ten-year treasury, that fixes the rate above a ten-year treasury, that et is that number once a year, that let students now what their exposure is going to be and provides them the certainty for the interest rate for the life of the loan i. ms. warren: will the senator yield for a question? mr. burr: let me finish. ms. warren: all right. mr. burr: which this unanimous consent request doesn't incorporate. so, in essence the unanimous consent says we're not going to deal with the 61%. we're only going to deal with 9%. because they've gotten a preferred rate up to this point we want to protect their preferred rate. some people think that's the role of congress. i don't think it's the role of congress. i will yield to my colleague for a question. rein rein soms. warren: so i want to make

so people often ask me who makes his loans. he would make one of these loans? their high risk.nal loans. a risky because businesses can go out of business. they -- a farmer can have of that summer, bad season. on the other hand, they tend to be @booktv to perform very well because people have made a connection, built a french ship. these loans are based on three things, generosity, trust, and granted that is the picture of the lender and the borrower right there, the trust and the metal is a big part of that. so they tend to perform very well. people often ask if we have any defaults. very few. on a couple occasions where things did not go well. but even in those cases, those lenders are still trying to figure out a way to pay back the loans. so why the people land? they lend because they care. i like to say that we do it because we can, much like a said it is important -- i'm trying now to pay it for because the small loans would help my business is started 30 years ago because we can. to have a deep belief that l gethe morning and only need food, clothing, and shelter but the

loan as it is. see the link with the rates at all-time hghs. let th rates double this is noa well thought out plan by congress. gerri: is anything well-thought-out? let mear using these loan ratessshould double. why is that? >> it doesn't make that much of a difference. it is going to double the amount of debt is the real problem not e cost of the debt. each year students graduated with thousands of dollars worth of additional debt. >> i know a lot of people who are facing student loan de. but wwen you face other set of taxes and regulations and the ads every month, it does add up. we already see the all-t high and we want to see that go even higher. we will see the stent loan will worseecause of the inaction of coness. if we incrementally increase the te that is one thing. but thdoubles overnight, we will see this bubble burst once and for all gerri: lets lo at it from the federal government pot of view of the taxpayer. if we keep that lo interest rate of 3.4%, it will cost the government $41 billion, $41 billion over 10 years. at do you say to that? >> it would be bett spent doubling or tripling the pell grant which doubles the rate. doesn't affect wh

loans in order to go to college. the colleges, of course, are addicted to the federal debt as well. dennis: philosophical wises up to the federal government? why isn't it up to meo a but myself through college? >> that is hard to do for many students to do that. they have had these loans, but in recent years that has decelerated tremendously, the amount of borrowing that students can do with the federal loan. dennis: in that has lifted tuition prices which are up 40 percent of the past five to ten years because of the flood of money that comes in which allows prices to rise. >> there is no easy answer. dennis: i was thinking, shouldn't they be giving out federal loan guarantees based upon what they want people to go steady? we are short tens of thousands of engineers. why not give loans to people who study engineering and not people who want to study 17th century french poetry? >> that is a difficult question to answer. unfortunately the government did used to have a grant program for students that were going to go into the high-tech fields. the smart grant program for students who wanted to go into certain majors. they cancelled that program which is unfortuna

personaltruck me on a loan is, it seems, for some of us in this country, our rights -- someone is alwaysoting on them or deciding about our rights. mixed week for a black lgbt folks, lgbt folks of color. it is a terrible shame and loss. we have a couple of steps forward, a few steps backwards. it seems like that is how we go in this country. >> let's go back to your film, "the new black." we need two women doing outreach to young african-american men in maryland. >> are you registered to vote? >> how old are you? >> 21. >> we have to get you registered. >> that is not cool. >> what made you be gay? >> what made you be straight? same thing. i know that because a black man like yourself stood up for a woman like me, i have the same opportunities. you have the opportunity to stand up for someone else. whether you are gay or not, you are here to represent. >> they do not have a right to say that you cannot be with them. who has that power? nobody. >> put the power in your hands. we want you to vote. vote for 6. >> do you need community service hours? you could always volunteer with us to get

the major is going to represent himself which is basically saying to the jury, i'm a loan,-- loon and please sentence meo death. >> horrible for the victims taking the stand that is going to croxamine the very people that he. >> bill: the judge is going to reign him in. he is not going to ask propriate questions. >> appointed lawyers that will be shadowing him for the whole trial. >> military judge taylor osborn. 12 members of the military, they all have a rank higher than major. >> bill: right. they are on the jury we are talking about. >> correct. they will decide. >> it begins monday. >> bill: we don't know how the travon martin case is going to come out. you say it's harder for the prosecution. >> really hard for the prosecution. >> bill: we will watch that trial and cover it in a very fair way here. number two, bradley manning is toast. >> guilty. >> 20 years. >> 20 years plus. >> that song na na na na, hay hay hay, goodbye. >> death penalty a loon. >> good. >> bill: i think we accomplished a lot here. >> i will give you b plus. >> i will give you a minus. >> ering in the valley of theory in the be

i needed financial aid, grants, loans, and it was there for us. it also gave me the reason to get my passport for the first time. i went on in london study group , and i never had a passport before that. they gave me that opportunity. the restaurant i talked about going to run in atlanta, that was for a graduate of colgate. my first job at goldman sachs, a person from colgate helped me get that job. i ended up having a chance to pay it forward a little bit in the campaign for colgate being on the trustees and now being with you today. i have to tell you, i never dreamed i would be here. when i was sitting where you were sitting, i did not think i would be the commencement speaker here ever, given the feedback i have gotten from some of my friends, i would say there were other people who agreed with me. [laughter] aba should have. teaches usn dream that anything is possible. i believe i am a product of that american dream. i am reminded of a story that happened a few years ago. we were doing a day for entrepreneurs at the exchange and snoop dogg was there with thi

with syria, student loans, george zimmerman and trayvon martin, stay with me. i promise you i won't do you wrong. we will be right back after the break. >> this is "the bill press show." >> heard around the country and seen on "the bill press show." >> good morning. we are back on the bill press show. before we switch topics on this one, richard fowler, by the way, filling in for bill press. i know you turn on your television or you turned on your radio and you didn't see or he bill and you are like, what is going on? this is the black man filling in today. it's okay. life gets better. happy father's day to all of the fathers out there. we appreciate you. we appreciate you, daddy on daddy's day. we are going to take a call from sandy in fayetteville north carolina. sandy, how are you? >> good morning. >> i got to tell you. i am in the military. i have been in active duty for the last 24 years. >> thank you for your service. >> you know, we all have a job. i think it's rather flippant to say, let's just arm the rebels because there is multiple rebel groups. and