today, we meet to discuss the government-sponsored enterprises fannie mae and freddie mac and the role they will play as we seek to restore normalcy to the mortgage market, but don't forget what we are talking about. we are talking about whether responsible homeowners will have the access to home loans they need to realize the american dream of homeownership. last year when the mortgage market collapsed, the director of the federal housing finance authority put fannie mae and freddie mac into conservatorship, and at the time chairman paulson xer siexercise authority that he was given to provide backup funding for the two companies to insure they would continue to finance mortgages in the housing crisis. today, we need to consider where we are going to go from here. now is the time to look forward as well as looking back, but with so much damage done by this financial crisis, the role of the gses in that crisis is still hotly debated, as we all know. let me just say that fannie and freddie were neither the villains that caused the crisis in any view as some claim nor the victims as othe

remember the old economist index, the big mac index. where was the cheapest place to buy a big mac. today at the beginning of the year -- >> what's your point, lincoln. >> i'm sorry. you're taking too long. j.j., an extraordinary fact appears in the wall street journal today. the median 401(k), the median 401(k) is up 7% from two years ago when stocks were at a high. i can't even believe that, and you couldn't have done that without being in stocks. right, j.j.? >> why? you certainly could have done it. >> the s&p is up 50% since march. >> dennis, i'm telling you it's not about just being in broad large cap stocks. it's about being more selective and this is a consumer driven economy. how can you say that the seeds of recovery are in place when the average worker is getting furloughed right now? >> in previous decades we actually had higher gdp growth than when they were financing the growth with a whole bunch of debt. >> how much -- >> steroidal and medication. i can't risk it. when that stimulus gets taken away, want to make sure the assets are going to be growing. >> lincoln, how

we're finally switching to mac. whoa. to mac?! why? why?! why would anyone say that? have to move all of our stuff. why not move... to the computer that's #1 in customer satisfaction? whoa, whoa, whoa. cut that feed, please. let's go to commercial. we are a commercial. let's go to another commercial. >> safer: now, a few minutes with andy rooney. >> rooney: i'm not much interested in hearing any more talk about health care. president obama wants to overhaul what they call the health care industry. well, good, but i hate that phrase, the "heath care industry." i just don't like to think of my health as an industry. the fact is, though, being sick is often the least of our health problem. even if you're insured, what hospitals charge now is ridiculous. i had what they call an "outpatient procedure" recently and it cost my insurance company $9,361.00. i say it cost my insurance company, but let's face it-- in the end, i'm the one who pays. the u.s. spends more than any other country on earth on its health, $2.5 trillion. and what do we get for $2.5 trillion? well, we're

we're finally switching to mac. whoa. to mac?! why? why?! why would anyone say that? have to move all of our stuff. why not move... to the computer that's #1 in customer satisfaction? whoa, whoa, whoa. cut that feed, please. let's go to commercial. we are a commercial. let's go to another commercial. announcer: once there was a thing called "paper money". it had to be passed hand-to-hand. it had to be mailed. it had to be locked away. then visa used technology, turning money into electrons. zeroes. ones. digital currency. digital currency did things paper money couldn't. amazing things: a merchant in mumbai makes a mobile transaction with a bank in london. a taxi in new york increases business 30%. states like nebraska distribute benefits without mailing checks, saving millions. digital currency became the currency of progress, because progress is what it brings the world. visa. currency of progress. ( woman sings ) >> safer: now, a few minutes with andy rooney. >> rooney: i'm not much interested in hearing any more talk about health care. president obama wants to ove

>> first it was the community reinvestment act and then they pulled in fannie mae and freddie mac and then the capitalists thought let's make some money out of this as long as you're allowing us to do that so there's a share of blame to go around and it never would have gotten to the stage if the original standards for credit were adhered to back in the 1990's. megyn: how do you respond to that charge, wade? >> balderdash. there's no evidence that somehow we convince these huge multigazillion dollar outfits like fannie mae and freddie mac to jiggle the books so more of our low income people to get in. i almost could say i wish. the real truth is under agreemented directlyly acorn and some organizations you can point to seven million people able to gain homeownership in our community because of passage of that act. >> no doubt some people were helped but a lot of people got mortgages they couldn't really afford and in the end their homes were foreclosed. so how is that helping people? megyn: acorn targeted more than banks and lenders. beginning in the late 1990's, rathke says, acorn be

>> first it was the community reinvestment act and then they pulled in fannie mae and freddie mac and then the capitalists thought let's make some money out of this as long as you're allowing us to do that so there's a share of blame to go around and it never would have gotten to the stage if the original standards for credit were adhered to back in the 1990's. megyn: how do you respond to that charge, wade? >> balderdash. there's no evidence that somehow we convince these huge multigazillion dollar outfits like fannie mae and freddie mac to jiggle the books so more of our low income people to get in. i almost could say i wish. the real truth is under agreemented directlyly acorn and some organizations you can point to seven million people able to gain homeownership in our community because of passage of that act. >> no doubt some people were helped but a lot of people got mortgages they couldn't really afford and in the end their homes were foreclosed. so how is that helping people? megyn: acorn targeted more than banks and lenders. beginning in the late 1990's, rathke says, acorn be

>> first it was the community reinvestment act and then they pulled in fannie mae and freddie mac andn the capitalists thought let's make some money out of this as long as you're allowing us to do that so there's a share of blame to go around and it never would have gotten to the stage if the original standards for credit were adhered to back in the 1990's. megyn: how do you respond to that charge, wade? >> balderdash. there's no evidence that somehow we convince these huge multigazillion dollar outfits like fannie mae and freddie mac to jiggle the books so more of our low income people to get in. i almost could say i wish. the real truth is under agreemented directlyly acorn and some organizations you can point to seven million people able to gain homeownership in our community because of passage of that act. >> no doubt some people were helped but a lot of people got mortgages they couldn't really afford and in the end their homes were foreclosed. so how is that helping people? megyn: acorn targeted more than banks and lenders. beginning in the late 1990's, rathke says, acorn began

>> first it was the community reinvestment act and then they pulled in fannie mae and freddie mac ande money out of this as long as you're allowing us to do that so there's a share of blame to go around and it never would have gotten to the stage if the original standards for credit were adhered to back in the 1990's. megyn: how do you respond to that charge, wade? >> balderdash. there's no evidence that somehow we convince these huge multigazillion dollar outfits like fannie mae and freddie mac to jiggle the books so more of our low income people to get in. i almost could say i wish. the real truth is under agreemented directlyly acorn and some organizations you can point to seven million people able to gain homeownership in our community because of passage of that act. >> no doubt some people were helped but a lot of people got mortgages they couldn't really afford and in the end their homes were foreclosed. so how is that helping people? megyn: acorn targeted more than banks and lenders. beginning in the late 1990's, rathke says, acorn began to push for so-called living wage laws n

>> first it was the community reinvestment act and then they pulled in fannie mae and freddie mac andtalists thought let's make some money out of this as long as you're allowing us to do that so there's a share of blame to go around and it never would have gotten to the stage if the original standards for credit were adhered to back in the 1990's. megyn: how do you respond to that charge, wade? >> balderdash. there's no evidence that somehow we convince these huge multigazillion dollar outfits like fannie mae and freddie mac to jiggle the books so more of our low income people to get in. i almost could say i wish. the real truth is under agreemented directlyly acorn and some organizations you can point to seven million people able to gain homeownership in our community because of passage of that act. >> no doubt some people were helped but a lot of people got mortgages they couldn't really afford and in the end their homes were foreclosed. so how is that helping people? megyn: acorn targeted more than banks and lenders. beginning in the late 1990's, rathke says, acorn began to push fo

the most expensive big mac in the world.u're going to pay 6 bucks for a big mac you might as well get wait service and a table cloth with it, right, robin? >> i'm with you. >>> we're still waiting for nasa's new "ares" rocket to launch. here's the live picture. let's see. the unmanned rocket was supposed to blast off in about 15 minutes. but right now we're getting word from nasa that they're calling it off for right now because there is a shift in the area where the debris is expected to land. the top section of that, that's fake parts. because this is a test, basically. and other stuff will crash into the ocean after the test. they hope to learn a lot for maybe future missions to the moon. right now somebody has driven their ship right into the landing area. problem. so it's postponed. i don't know if they're going to keep trying it for today. do we know that? or they're just going to try to get the ship out of the way? last thing i read was there was a big launch window. they got to move that ship! all right. >>> there ha

. >> chili mac and cheese. >> chili mac and cheese. >> and i brought a special treat for sam.y. the pot luck of your dreams. >>> what did this guy know that everybody else didn't know? when you get a chance to look back, you can pick out the smart people. there was one guy left standing when the economy fell. lessons that maybe we all should pay attention to. >>> you have the weather and "just one thing." >> we get our opportunity to hear that beautiful, calming, peaceful, "just one thing" music, ladies and gentlemen. here we go. i'm going to set the mic down. just so everybody knows i'm going to work with the other mic here. in general, we have on average, about 26 electronic gadgets in our house. and they're constantly, plugging in or charges them. and very little of that power actually goes to charge it. some of it is regularly, running power that you're paying for. it's anywhere from $10 to $14 a month, that you're paying for. now, here comes the new buzz on all the electronic chargers that are solar-powered. maybe change your charging to something that's solar-powered. fi

> in the consumer alert, there is a government program that will reduce your fannie mae and freddie mac payments to a certain percentage of your income. good to their website, type in the information requested, figure out how much of your gross monthly income is taken up by your payments, and applied to qualify. a large savings account may disqualify you and a lack of credit card debt may disqualify you. recent graduates in maryland can look to washington, d.c. for places of employment. dc and seattle in the top spots up staying power and emerging industries for college graduates. affordability, quality of life for some of the factors in the poll. among the other top 10 cities for employment were denver, dallas, boston, and a certain parts of north carolina. state officials will launch a new college prep website. it will help students plan and prepare for college careers. students can tour a virtual college campus and find information on financial aid in campus life. >> let's get the latest from wall street where investors are paying close attention to detroit and washington. here is th

that's the lowest the 15ear rate has bee since freddie mac begatracking the numbers in 1991. >> susiethe nation's banks are being asketo pre-pay billions in iurance premiums. night's "two ways to play" asks the question: what's int for the banks? here's kevin dew of minyanlle and minyanville's kevin depew with some answer >> the f.d.i.c this week, said it is planningo raise $45 billion to help stave ofa cash crunchs it deals with troubled banks. so far, nearly 100anks have been taken over by the f.d.i. this year. how are they goingo do this? by asking banks to prepay ree years'orth of insurance fees. what's in it for banks? well, for one thing, it mes th'd no longer have to set aside money to cover pottial sses on fdic-backed securities. the relt would be that some banks' capital cushion wou crease almost overnight. remember, the f.d.c., which is ultimaly more important to in street than wall street, suffering from a temporary liquity crisis, not reckless solvency. >> well, that's a niceglossy take on things but it ignore the bizae circular nature of wh's happening. the bankin this case

it's available to you on your pc or mac at home. >>> you know by this time tomorrow, we will know if the windy city got its wish. the tense and tight battle to host the 2016 summer olympic games is rapidly approaching its climax. president obama and his wife are there to lobby for chicago. according to some reports, chicago is pulling out ahead. but in baltimore county all the talk centered around the upcoming winter olympics and one team in particular. with the way the economy is gone it's tough for fundraising but tonight a lot of american pride hopefully producing financial support for the u.s. bob sledding team. opit says the team is a remarkable story going from worst to first. >> what's happened is we're winners. many years ago the u.s. was one of the worst teams in the bob sled and skeleton, and fortunately through a lot of research and development and great athletic training, we're now mental favorites. >> members of the bob sled team were on hand. we're told that the bob sled and skeleton teams with favored in five categories. >>> the updated gallery has three times the amou

we can go back to fannie mae, freddie mac and everything else the government runs that is in deficits right now. look at we're in the trillions now as far as deficits concerned and i continue to worry about the future if something doesn't change. >> for the amount of fraud you fight, you offset the savings by adding more people, which would be millions if we have a government-run healthcare plan, and the issue is the p president wants to save half a trillion dollars over ten years in fighting fraud. it's mathematically impossible, because medicare is only $450 billion a year. neil: charles, i do want to raise this issue that this happens again and again, these dead people stuff where we are sending checks out to dead people and writing prescriptions for dead people and the doctors whiting p prescriptions turn out to be dead. how the hell does that happen? i know the g.a.o. and i think they cited this and tried to point this out, but we continue to hear about more dead people getting more benefits an doctors who are dread providing them and i'm wondering, if this keeps happening, maybe

have to look back to last year, the amount of money pumped into organizations like fannie mae, freddie mac, aig, and the stimulus program and the troubled assets release program. non-farm payroll, the number of jobs lost in the u.s. economy, the actual unemployment rate set to hit around 10%. the possibility of paying out unemployment benefits to many americans swelling the deficit. >> the bank of england announced its rates. >> no rates changing at all. but we are expecting numbers coming through as well from the european central bank. we think they will actually keep rates where they are at around 1%. what they actually said is that asset buying program is capped at 175 billion pounds and they will monitor that. >> out all of that in about 25 minutes. -- we will have all of that in about 25 minutes. the latest attack in kabul comes as the united nations is under fresh pressure in afghanistan. accusations it deliberately ignored claims of fraud. american newspapers obtained confidential un data saying there were major discrepancies between the number of votes cast and registered. the u. n

and then, a hearing on a fannie mae and freddie mac. -- on fannie mae and freddie mac. on "washington journal," tomorrow morning, we will look at the role of the white house economic adviser. our guest is from "the new yorker." there is the former head of the congressional budget office. "washington journal" is live every morning at 7:00 a.m. eastern on c-span. our special look at the supreme court continues on c-span with a variety of perspectives on the high court, including attorneys that have argued before the justices. interviews with all of the justices air tomorrow, saturday, and sunday. today, we talk to two attorneys who argued several cases before the court, including an appellate attorney who clerked for chief justice william rehnquist. drew days and maureen mahoney. >> mr. roberts, we will hear from yunel. >> mr. g justice, and if it will please the court, after punishing him with two years in prison and a $5,000 fine -- mr. chief justice -- >> do you remember your first case? >> yes, and i was very nervous, and i was very nervous when i did my last argument

the px-130 also has a usb port, you can connect to it a mac or pc directly.ou can drag and drop melodies. >> reporter: the mainstream publisher simon and schuster is out today with its first on-line multimedia works. it includes social networking links. three other titles include one about fitness, another about beauty. the works are produced in collaboration with a california start-up. >>> and the nba says tweeting during games is out of bounds. it's new policy bans players and coaches from using cell phones and social media sites like twitter from 45 minutes before a game until after post game interviews. that includes halftime. twitter is popular with nba fans. the league's official fight has about 1.5 million followers. >>> for information on all these stories log on to the technology page of abcnews.com. those are your "tech bytes," i'm vinita nair. >>> they smelled smoke and found fire. two teens showed us what they were made of and talked to us exclusively about what it was like to save a live. >>> mayor sheila dixon cannot be

so, you can connect it to a mac or pc. any mel disyou've reported, you can drag and drop into a music editing software. >> the px-130 lists for $500. >> much less than a grand piano. >>> up next on this thursday, the lobbying has begun. but will chicago's big guns be able to woo olympic voters? >>> and laying down the law. one sports league tells its athletes, they tweet too much.o. ♪ save up to an extra 30% on beautiful and affordable fall style at jcpenney. come in for your extra savings card... ...to get an extra 15, 20, or 30% off all sale and regular prices when you use your jcpenney card. stores open early saturday with doorbusters. st. john's bay sweaters for her are just $14.99. st. john's bay sueded polos are $12.99. save 70% on all gold jewelry. go to jcp.com and see everything on sale. style, quality and price matter. jcpenney. age life sweeter. look at the road conditions you can expect for your morning commute. interstate 35 will be wet and slick from kansas city to minneapolis. look for some problems on i-44,

freddie may frannie mac and all those guys it has to do with the r and d. they're not truly representing the american people. >> catch the show at 9:00 p.m. eastern here on "hln" every night. >>> if you're a parent of a young girl this is something you do not want to hear. breast cancer seems to be getting more common for younger women, and experts do not why yet. they say it could be a result of better early testing or it could be something hormonal or environmental. they suggest another risk could be obesity could be here. >>> the fbi says agents busted some child prostitution rings all over the united states. some staggering numbers on how many people were arrested and how many kids were saved. >>> we learned about 30 minutes ago two northwest pilots could now have their licenses suspended or revoked for overshooting the minneapolis airport by 150 miles last week. the pilots told the ntsb they were using their personal laptops and talking about a new computer program for crew schedules. delta suspended the pilots. >>> it's a turn point. senate majority l

so, you can connect it to a mac or pc.l disyou've reported, you can drag and drop into a music editing software. >> the px-130 lists for $500. >> much less than a grand piano. >>> up next on this thursday, the lobbying has begun. but will chicago's big guns be able to woo olympic voters? >>> and laying down the law. one sports league tells its athletes, they tweet too much. still haven't tried activia? listen to this story. my problem was occasional irregularity. my commercials didn't convince you? i am definitely a skeptic. actually, my mom convinced me. and i have activia every morning for breakfast. activia definitely helped with my occasional irregularity. activia is clinically proven to help regulate your digestive system in two weeks when eaten every day. chances are someone you trust can recommend activia. take the activia challenge. it works or your money back! ♪ activia! and added a little fiber? sweet! sweet! sweet! (announcer)splenda no calorie sweetener with fiber. now for the first time, a gram of healthy fibe

committee has been lowering and fighting off capitalization requirements of fannie mae and freddie mac. that was lobbied by acorn. if you look at the crisis, acorn sat the core of that, the president of the united states has been at the beginning of this, his entire political career, he's been part and parcel tied to acorn. he has said so and the videotape is available. mr. akin: the interesting thing is, our judicial system should be punishing lawbreakers, yet what we saw a few weeks ago was a couple of courageous, i don't know if they were college students sorge gal with some pretty legs going in with a camera to acorn and getting all the financial information necessary and legal information how they could set up a house of ill repute, bring in underage illegals to work, write them off as dependents, that the taxpayer is paying some of the tab so that this guy could run for congress because he started this illegal brothel this whole thing is on tape yet we've got the justice department and all these institutions of law in america that should have been cracking down on this organizati

and happy birthday to my brother, mac. asides from being one of the top sales reps in the country, a husband, a father of two boys, both of whom they're putting through college, he's an avid runner. he survived a heart attack at an early age. aside from all of that, he's the greatest brother i could imagine. always there in the good times and the bad, through thick and thin. happy birthday, mac. >>> breaking news, a missing person's alert has gone out for 31-year-old stephanie fischer. police say stephanie taken by her new husband dennis moe. a man who's had multiple domestic violence abuse claims against him. those claims including beating, choking and even putting a gun in stephanie's mouth. police say moe is to be considered armed and dangerous. stephanie believed to be in extreme danger. >> straight to elie jostad also on this story. elie, what more can you tell me about this guy? he's disappeared too. >> right, nancy, i'm counting at least five alleged incidents involving these two, alleged domestic violence, that den

this is from freddie mac and the 15 year is a record low. if you can swing the monthly payment you will pay a lot less in interest over the course of the loan than you would with the 30 year. >>> all right. many women have overcome big challenges in their lives and they hope their stories could inspire you. take suze orman. you probably know she's a millionaire now, respected financial expert, award winning tv host, but did you know that 30 years ago she was a waitress struggling to make ends meet? this is her new series breakthrough women and she is telling her story so other women can have the courage to take charge of their lives. rfrnlts she's known for her no nonsense approach to money. >> stop, stop, stop. you cannot afford it. >> reporter: but before fame and fortune suze orman's life was a different story. she grew up with a speech impediment and lacked self-esteem. at 29 orman was a waitress making $400 a month with dreams of opening her own restaurant. her life changed when some customers chipped in to leave her a big tip, a $oo,00

the px130 also has a usb support so you can connect it directly to a mac or pc.ou could drag and drop into music editing software. >> simon and schuster is out with its first multimedia works. promises includes the print text + 17 short videos. three other titles include one about fitness and another about beauty. they are produced in cooperation with vook. the nba says to reading between games is out obalance. you cannot use them 45 minutes before game until after post came interviews. twitter is popular with nba fans. for more information, log onto the tech page at abcnews.com. those are your ch bytes. i am vinita nair. >>> 5:20. we have 51degrees. >> good-bye, so long, see you next season. the final home game of the year turns into a thriller. you'll not believe how would end some. >> au pair says it is the most incredible story she has -- oprah says it is the most incredible story she has ever seen. growing up we didn't have much, bueducation was always a priority. my mom sent me off to college with just four 20-dollar bills. so i know that education is the b

is it owned by fannie mae or freddie mac? >> no, sir. >> you're not. so your loan as a modification is done or a refi is done, it's up to the individual bank, if you're not fannie or freddie, to say if they'll do it or not. and amazingly, twice -- this is amazing story you're telling me. that twice you've been approved, and then each time the rug gets pulled out from under you. >> caller: yes, sir. >> erin, i want you to go to the website, nfcc.org. let me repeat that. nfcc.org. and you're going to put in your zip code. and then it will take you to the closest national foundation for credit counseling office. where you will be able to make an appointment with a housing counselor. and with their help, hopefully, you'll be able to get this thing moving for you and your family. so that you can keep your home. >>> steve, you are headed to retirement. congratulations to you. >> caller: well, if things go right, clark, i appreciate that. i'm just weighing it out right now. i guess my question is i've -- let me back up. either i don't if it's once a year or t

they sold more macs and iphones than ever before in the fourth quarter. profits up 47%, way past the estimates. a lot of people signing up for that iphone. the stock shot up 7% last night. at one point $204 a share. that's an all-time high and it may help the stock market when that rings this morning and maybe not just apple. there are some signs maybe everybody is getting sick of being el cheapo and thinking about spending more for christmas. we're talking about some of the retail sales there. bloomberg is quoting economists who say people could be getting frugal fatigue. t.j.maxx and marshalls said we think people are going to spend more. intel did the same thing and they made chips for so many gadgets there's like a little hint in the air, shall we say, that maybe people have been doing a really good job of saving and they are going to spend a little bit more on christmas. >>> a baby food recall to tell you about. the brand in question is apple and carrot. there are some fears about botulism. if you can't write it down fast enough, check our website cn

this is according to freddie mac. 4.94. a 15-year is at record lows if you can swing the payments, but you save a lot in interest, 4.36%. >> thank you, jen. >>> an art exhibit in california is stopping some people right in their tracks and that just what the creators wanted. take a look at the banner at fresno city hall. it's made dozens of decorated bras, many of them created by breast cancer survivors. the idea here is to call attention to breast cancer awareness month. they do just that when you look close at them. very interesting. >>> okay. what are we covering here next? cops say a bystander intervened to prevent a little girl from being molested. something wasn't right. but with no uniform police nearby, who would come to the rescue. >>> why john travolta's lawyer says why he refused to pay two men millions to keep quiet. tar reno light borne. tar reno >>> a texas judge just cleared the way for a sem-sex divorce hearing even though the men's marriage isn't recognized there. the couple got married in the state that al

my apple product, mac pro book. and iphone and ipod are manufactured by overseas subcontractors. this doesn't help much the 15 million unemployed workers in the u.s. my golf clubs, tv, and cam ares are made in china. is this because the u.s. no longer has the manufacturing capability to build such items, or is it a strictly commercial decision? have you tremendous influence. i urge you to lobby to bring manufacturing back to the u.s. >> first of all, on am. i was listening to the street high. here's a guy from ubs comes out today, and he goes to $265 target. you know that was just the best, cramer. jobs, jobs, jobs. dan dam eco and i, the fabulous ceo from newport. we talk about this all the time. the reason why we do not have the manufacturing capability is because we don't create enough jobs and don't grow fast enough. the real economy is away from here grows faster. i implore congress to fix on creating jobs. not on health care. not on cap and trade. jobs. here's one from maury in california. dear jim, wanted to

leveraging those institutions 50-1, the fed last protested when it was 100-1 with fannie mae and freddie mactially acknowledged the problem, but said congress has to decide in terms of how to weigh these options. basically implying between risk and social policy. that's what got uz into trouble with hud. saying we're going to have zero down payments. that we were going to have 50% mortgage portfolio of subprime and loans with respect to the portfolios of fannie and freddie. that's lost a trillion dollars in the system. so yes, i think he sort of punted that back to congress and then we went on to the second question. >> that's right. you asked another question that i love, is loose money how we got here in the first place. how did you feel about that answer? >> i thought we had it, you're right. i mentioned the noble prize went to hike in the past. from 2002 to 2006, interest rates were negative. so you would anticipate that would cause the very balloon that now, we're trying to deal with. so my forthright question is how much of a role did fed policy have in this. he acknowledges some role,

encouraged by fannie mae and freddie mac. but that is his thing. sean: let me ask you this.e hear about athletes, and i will not get into your personal business, but how would you feel if you live in a country where you were one of the few people with the talent and ability to get on a football field and play hard, you have a limited number of years to play, what if the government came along with, like they do with financial institutions, saying they would only let you make so much money every year? >> the concept makes no sense to me. when you are a player in this league, your time is very short perio. 3.4 years is the average. you definitely have to plan ahead of time. sean: we have this white house photo of from yesterday. did you get this? they had all of these doctors invited to the white house. all of the ones that agreed with the president. if they did not agree with him, they were not invited. they handed out white coats to the people that forgot to bring them. the media ran with it. >> it looked like a science- fiction movie. it was like invasion of the body snatche

. >>> well, first fannie mae and freddie mac needed government bailouts. now, the federal housing authority could be nexted and testimony before congress this week, the fha commissioner insisted that the agency would not need to be rescued but the new york times reports that at least 20% of the fha loans from last year are in trouble. even facing foreclosure. the fha insures nearly 5.5 million families worth $675 billion. >>> students from 20 universities are at the national law constructing for a solar power competition. the solar decathlon are hoping to win for functional tea. the winner will be announced next friday. >>> reaction is after a big bang. hear what people are saying right here on hln news and views. >>> hey, there, i'm virginia cha. the military says that they are holding hostages at the head quarters south of islamabad. ten people died, including ten army guards. this is the third major attack this week. >>> 37 states now have widespread cases of the h1n1 virus. they say 76 children have died nationwide. that includes 19 new reports in the

. >> community reinvestment act and then fannie mae and freddie mac and the capitalist thought we'llmoney as long as you do that. there is a share of blame. but it would not have gotten to the stage if the original standards of credit were adhered to. >> balderdash. you know, there is no evidence that you know, somehow we convinced huge gazilion outfits like fannie or freddie to jiggle the books so more low income people accounted get n i wish. the real truth is negotiated by acorn. you can point it seven million people who gained homeownership because of the passage of that act. >> no doubt some people were helped. but a lot of people got mortgages they couldn't afford and in the end their homes were foreclosed. >> it targeted more than banks and lenders. beginning in the 90s. acorn pushed for living wage laws that are in effect in more than are you cities nationwide. it requires employers to pay higher than minimum page. employers tend to eliminate them instead of paying marketerates. that're didn't stop acorn for making that when it tried to convince the california court to exempt

. >> mac close? -- may i close? first we have to ask yourself, what with the ceo of a company like safeway spend so much time, what would they have to benefit? why would that benefit from doing this kind of program and wanting us to enact something like this for the rest of the country that would encourage larger rewards? i ask that question just the first. his answer was, it surprised us that they were able to save so much money and change so many people's behavior based on these financial rewards, and knowing that they did this to say their company because health care costs were going to destroy their company, so he wanted to share this with the rest of the country, doing it basically as an american. he is doing it -- by the way, steve and his wife, his wife is a type 1 diabetics. she has never been to the hospital because she rick -- she really takes care of herself regularly. steve has most of his relatives who died in their 40's because of genetic heart disease. he takes personal responsibility for his own help

my mac products are designed and marketed by apple u.s. manufactured by overseas subcontractors. this doesn't help much the 15 million unemployed workers in u.s. likewise, my golf club, tvs and cameras are made in china. does the u.s. no longer have the manufacturing ability to manufacture these products? i would known as street high. ubs comes out today and he goes to $265 target. that was just to best cramer. jobs, jobs, jobs. dan d'amico and i talk all the time about this. the reason why we do not have the manufacturing capability is because we don't create enough jobs and don't grow fast enough. the real economies away from here grow faster. i am pro congress to focus on creating jobs. not on health care, not on cap and trade. jobs. here's one from maury. dear jim. i've recovered all the money i lost in the crash last year. i retired in 2008 and started watching your show every afternoon with a cold beer. in march of this year you gave me the confidence to take control of my own finances. once again, thanks for the entertainment and ed

host: next question for rep mac thornberry. vicksburg, mississippi.ranklin on the republican line. caller: thank you for your service. i want you to seriously think about what i'm about to say. i hate agreeing with my democratic friends but i really -- and i understand what you are saying about the people being on our side and the poll numbers, and it is the job of the president, number one, to protect the american people but i really would like you to think about what i am about to say. given the history of afghanistan and history -- you know, the greeks, but persians, soviets, the british, and i'm probably for getting a bunch of folks in between, but i think considering our long-term national interest i believe we need to drop leaflets over the entire northwest province of pakistan and afghanistan and explain to the afghan government that we need to pull our troops out of afghanistan and the only way we will return is in the form of unmanned missiles, and we reserve the right to put nukes on those if we need to. please think about that. guest: i do

now, some people are likening to the mac arthur/truman dispute. this is very different. it's worse. truman had a clear policy reiterated. here, mcchrystal is not differing with policy. the administration seems to be backing away from its own policy. into this vacuum, he's asked questions. not surprisingly, a week ago, with my customary mistake, i said he would be up there testifying very soon. evidently not. instead, he's talking in london and answering questions that are making life difficult for the white house. >> that'because, that could affect the decision, politically, and they don't want that happening, obviously. his point there, that you just heard, about not breaking promises, i think is a very important one. a ban in afghanistan again, could have an impact on us. this is really very serious thing that we would be doing here. >> we're talking about nonmilitary. smarter alternatives. >> it's not there to protect these people. the possibility of taliban taking back over and this whole argument is, is the taliban really the same thing as al qaeda? that's a big question they'r

john philip was chynna and mac's dad, but mackenzie just made that bombshell claim that she and her dadad a sexual relationship spawning ten years. chynna was one of the first people to come out to say that she believes mackenzie, and in this interview you'll see only on "showbiz tonight," chynna tells me she knows her faith will help her through this tremendously difficult time. >> i can't hold any resentments. i just can't. and i love my sister and i'm really, really proud of her. i won't lie, it's definitely had a -- somewhat of a negative impact on my family and some of the relationships, but i know that that will all be healed, because jesus is on board. i've got the lord on board. >> how can you go wrong? >> it is so nice to see, hearing what you say about mackenzie and hearing what she says about you, there is an obvious closeness about you guys. there is a connection. i do want to take a look at what she said about you on "larry king live," because you can see it in her face and i want to watch your reaction, because i think i could see it in your face, hearing her voice. let's

>> also tonight, why mac's own half sister is saying she doesn't believe the claims. >>> and for the time, john travolta reveals the emotional story of how he says he was shaken down for $25 million after his son died. plus, more stories breaking from the "showbiz news ticker," tv's first most provocative entertainment news show continues right now. >>> welcome back to "showbiz tonight." it's 30 minutes past the hour. i'm a.j. hammer broadcasting tonight and every night from new york city. tonight, roman war. the brand-new all-out hollywood battle over roman polanski is erupting tonight. there is a bitter divide brewing today in hollywood over the famed director's fate. first, there was all this support for polanski following his arrest sunday on a decades-old underage sex case. it all started at the zurich film festival where polanski was supposed to be honored for his work. instead, star there is rallied around him. >> we hope today this latest order will be drop ped. it is based on a three decade old case that's all but dead except for a minor technicality. >> but today, brand-new

and i can tell you, he's firmly standing by mac's side. some in mackenzie's family don't believe that mackenzie and her dad, john phillips, from the mammas and the papas had a long-term sexual relationship. >> i do. everyone's going to have their own opinion about the subject. i choose to believe her and others don't. >> fair enough. you have said that you wish that she handled this privately. >> well, yeah. yeah, it's a huge revelation and it's something my poor dad is not even here to talk about it. and that makes me sad that he can't defend himself in any way, shape, or form or at least come out and talk about it publicly. he doesn't have a choice. and that makes me sad. >> she was very open about a very tough topic, but does chynna have any reservations about defending her sister? you'll find out when you watch my full interview with her friday right here on "showbiz tonight." >>> now, did you see this, conan o'brien versus the state of new jersey? we all know the garden state gets pretty beat up by comedians. they all say that the sta

and happy birthday to my brother, mac. here he is with his wife, jan.esides from being one of the top sales reps in the country, a husband, a father of two boys, both of whom they're putting through college, he's an avid runner. he survived a heart attack at an early age. aside from all of that, he's the greatest brother i could imagine. always there in the good times and the bad, through thick and thin. happy birthday, mac. >>> breaking news, a missing person's alert has gone out for 31-year-old stephanie fischer. police say stephanie taken by her new husband dennis moe. a man who's had multiple domestic violence abuse claims against him. those claims including beating, choking and even putting a gun in stephanie's mouth. police say moe is to be considered armed and dangerous. stephanie believed to be in extreme danger. >> straight to elie jostad also on this story. elie, what more can you tell me about this guy? he's disappeared too. >> right, nancy, i'm counting at least five alleged incidents involving these two, alleged domestic violence, that denn

we saw that with fannie mae and freddie mac. when government subsidizes, it distorts market signals and we get financial crises. >> the that is a nonissue. they're in the really the cause of the problem. we have a clear issue here, and i think the chance is there. i think congress will deal with the consumer protection issue because i think consumers are outraged that in the middle of a crisis banks are very profitable because of fees and stuff like that. the systemic risk issue is something that will be dealt with because we have a lot of systemic risk still this the markets. i think ultimately voters will respond to massive bank failures. >> got to leave it there. thank you very much, christian, dan. >> thank you very much, mark. >> and steve. >> thank you. >>> it is being called the tipping point. the east rising, the west in decline. is that actually happening? are we at a crossroads for the global economy? we will look for some answers next, and then a twitter economy? how some companies are actually making money off the so

if he trusts mahmoud ahmadinejad mac to live up to his promises i have land i want to sell you in the middle of the ocean and as we discussed on "fox news watch" this week which will be repeated at 11:30 eastern time tonight, back in 1983, during the so-called reagan recession, charlie gibson of abc news, a reporter then, reported on gloom and doom and this was a terrible thing and all of these jobs and did all of these stories of people out of work and misery and blamed it on reagan and now this time around, charlie gibson the anchor of abc world news tonight brushes it off, there is a lot of silver lining in the clouds and so i think it just depends on who is in the house and whose policies they are trying to advance and you can't spin this. this is high unemployment and if a republican president were in there instead of a democratic one we know what -- a democratic congress would say, bob? >> let me tell you, it wasn't the so-called reagan recession, it was the reagan recession! so you understand that. >> carter recession. >> and look, look at the president's favorability ratings b