mae. it is about an hour and 15. [inaudible conversations] >> thank you all very much for being here and good afternoon. welcome to our book four foreign on "the fateful history of fannie mae" commits evil not only for fannie mae. their copies for sale in the reception area. which we hope you will buy and which james hagerty will be glad to autograph after the program. i am very pleased to have you here to consider with us this fateful history. in this role in american politicized housing finance. after many years of dealing with it thinking about fannie mae, i thought i knew a lot about the subject, but i learned a lot more from reading bob spoke, especially about the very long-term evolution of politicized mortgage finance in this country and also that the personalities involved over the last 40 years, all the way to the end of the story. at least it's the i'm so far. the book is full of information, but in addition if you read my invitation to the event of you know that i think it repre

welcome to our book forum, "the fateful history of fannie mae," faithful not only for fannie mae but everybody else too and there are copies of the book on sale in the reception area, which we hope you will buy and which james hagerty will be happy to autograph after the program. i'm a resident fellow here at aei and we are very pleased to have you here to consider what this is fateful history and its role in american politicized housing finance. after many years of dealing with and thinking about fannie mae, i thought i knew a lot about the subject but i learned a lot more about it from reading bob's book, especially about the very long-term evolution of politicized mortgage finance in this country and also about the vivid personalities involved over the last 40 years, all the way to the end of the story, at least it's the end so far. the book is full of information but in addition, if you read my invitation to this event you know that i think it represents an underlying tragic drama. in fact, a shakespearean tragedy in five acts. rise, power, hubris, fall, and utter humiliation. [l

fannie mae and freddie mac. we know now were managed by folks that were involved in serial fraud we know that the government to take the liabilities of these institutions on their own balance sheet adding five trillion dollars worth of debt to the federal debt i can only assume if the story continues as we've seen these stories progress so far that the bank will be given some kind of civil penalty which will be about ten percent of the amount of the fraud which was just is a signal to them from barack obama and the justice department to please committing bank fraud because we love the way you break the law right you're very close actually i bet they pay media like two percent like a two percent fee on the dollar and then the s. and when they settle with the f.c.c. right unless there's a criminal case they're not emitting any wrongdoing so how culpable is the s.e.c. in the d.o.j. in this and why i mean this is the most inquest. important question why is fannie mae not in trouble for the same thing i mean they all

in the late 2000s fannie mae took a hit, a large hit for an ordinary company. not for fannie mae. on manufacturing housing loans. and in 2003, the chief credit officer at fannie mae wrote an after action report saying one of the lessons is you can't trust the aaa rating because these we brought aa pieces on the mobile home loans and they creatorred on us. [laughter] if somebody asks question why aren't you doing due diligence in term of the content are cons tracks issues. a aaa of one kind may be different if it has a dispersed amount ofs a sets behind iterer er versus in the end. the only answer is due diligence that investors fell down. lou in a wonderful quote said no one was defending the deal. you didn't have two side. you had sort of this prosperity that everybody thought would never end of all the must be flowing it from oversaws and investors were rushing to it put it race? and aa looks god if it's a sub prime aaa security. i can get a higher yield than prime mortgages and the aaa security. the simple question, risk and return are correlated. somebody to ask besides ed mon

is bustling with people unfornanately can't say the same about mae behind me. they opened at midnight i ki you not. the line doubled in the last 5 minutes to about 25 people.so not whole lot of people waiting here but check out erere i was earlier. at city target on mission. long line filed in. up the escalator at 9:00 o'clock into a little piece of black friday shopping heaven. over all things pretty well organized by the target employees. few people rushed t the electronic section because people wait entered line for hours to get one of those sale tv. then there was this group of ladies from l.a. >>>> we have a book we have a razor, alcohol we have common day things want to be part of e e festivities. >>reporter: you wait entered line how long? >> actually pretty quick. not a bad line. came from the marriott thas s giving dinner. peeled in the line a little yelled out back to the line came in very festive. >>reporter: some peopleiidn't even wait for the big leles. they were out early this afternoon buying things like shoes. gointoto stores like banana republi

is bustling with people unfortunately can't say the same about maes behind me. they opened at midnight i kid you not. the line doubled in the last 5 minutes to about 25 people.so not whole lot of people waiting here but check out where i was earlier. at city target on mission. long line filed in. up the escalator at 9:00 o'clock into a little piece of black friday shopping heaven. over all things pretty well organized by the target employees. few people rushed to the electronic section because people wait entered line for hours to get one of those sale tv. then there was this group of ladies from l.a. >> we have a book we have a razor, alcohol we have common day things want to be part of the festivities. >>reporter: you wait entered line how long? >> actually pretty quick. not a bad line. came from the marriott thanks giving dinner. peeled in the line a little yelled out back to the line came in very festive. >>reporter: some people didn't even wait for the big sales. they were out early this afternoon buying things like shoes. going to stores like banana republ

how much did we make on fannie mae and freddie mac?> and didn't use a lot of money for a lot of reasons and-- >> well, charles. >> not getting it right. >> real fast, let me finish the point. charlie if you want to do a simple google check see the business leaders last week that called for hire-- >> fair and balanced and if you don't believe us, go check google. do a google check. >> and we've got to thank charlie and dagen. >> don't tell charlie to google anythin. >> guys, up next, are you ready for thanksgiving seconds? not talking turkey, i'm talking about stocks. the picks to be >> giving thanks for our gang's stock picks. >> i like am. tough market refuse to go down and consistent earnings. >> and bioteches and you like this one, ben? >> love it. great, great, great company. >> what stox do you like. >> get it on with ew. it is the best thing ever and

how much did we make on fannie mae and freddie mac?and didn't use a lot of money for a lot of reasons and-- >> well, charles. >> not getting it right. >> real fast, let me finish the point. charlie if you want to do a simple google check see the business leaders last week that called for hire-- >> fair and balanced and if you don't believe us, go check google. do a google check. >> and we've got to thank charlie and dagen. >> don't tell charlie to google anything. >> guys, up next, are you ready for thanksgiving seconds? not talking turkey, i'm talking about stocks. the picks to be thankful for and for you to gobble up next. n, but he'll wk his way up from busser to waiter to chef before opening a restaurant specializing in fish and me from the great northwest. he'll start investing early, he'll find some good people to help guide him, nd he'll set money aside from his first day of work to his last, which isn't rocket science. it's just common sense. from td ameritrade. >> giving thanks for our gang's stock picks. >> i like am. tough m

how much did we make on fannie mae and freddie mac?and didn't use a lot of money for lot of reasons and-- >> well, charles. >> not getting it right. >> real fast, let me finish the point. charlie if you want to do a simple google check see the business leaders last week that called for hire-- >> fair and balanced and if you don't believe us, go check google. do a google check. >> and we've got to thank charlie and dagen. >> don't tell charlie to google anything. >> guys, up next, are you ready for thanksgiving seconds? not talking turkey, i'm talking about stocks. talking about stocks. the picks to be with the spark cash card from capital one, sven gets great rewards for his small business! how does this thing work? oh, i like it! [ garth ] sven's small business earns 2% cash back on every purche, everday! woo-hoo!!! so that's ten security gators, right? put them on my spark card! why settle for less? testing hot tar... great sinesses deserve great rewards! [ male announcer ] the spark business card from capital one. choose unlimited r

is bustling with people unfortunately can't say the same about maes behind me. doubled in the last 5 minutes to about 25 people.so not whole lot of people waiting here but check out where i was earlier. at city target on mission. long line filed in. up escala the escalator at 9:00 o'clock into a little piece of black friday shopping heaven. over all things pretty well organized by the target employees. few people rushed to the electronic section because people wait entered line for hours to get one of those sale tv. tv. then there was this group of ladies from l.a. >> we have a book we have a razor, alcohol we have common day things want to be part of the festivities. >>reporter: you wait entered line how long? >> actually pretty quick. not a bad line. came from the marriott thanks giving dinner. peeled in the line a little yelled out back to the line came in very festive. >>reporter: some people didn't even wait for the big sales. they were out early this afternoon buying things like shoes. going to stores like banana republic. over all a lot of people shopping

many of you have read about freddie mac and fannie mae being a black hole. the record in front of you chose to bars. one is the amount of draw that we have taken from the federal government, and the green bark is the amount of dividends paid and what a lot of people don't recognize is the dividend that we have to pay now are $7.2 billion a year so if you generated $7 billion in income you would still have to draw something from the government and that's why people continue to talk about the draw. if you look at that total record for the entire time of conservatorship, the round numbers are a draw from the government of 70 billion dividends of 20 billion the meaning a net job all of 50 and you can see from 2008 when that year was done it was 48 billion. so almost everything subsequent to 2008 required to pay the dividend that is a neutral impact on the treasury. the reason we've been able to get to that level of profitability is that all of the mortgages that have been put on in the last four years of the conservatorship have been very high quality in terms o

>> the reason being fannie mae and freddie mac, adopted the underwriting policy, fannie mae and freddiecreated the demise of a kj, we are going down the same have. fannie and freddie underwriting guidelines, they did a lot of the nonprofit organization loans with downpayment assistance and what they created was the new sub prime years ago when some prime went away they created a new sub prime market. that is what lenders felt. those of been corrected. we need to look forward and i believe at h a is moving in the right steps. dennis: what bothers me about this is these are not the loans from the meltdown of 2008 but new thing the government decided were save enough to write $13 billion they need about, it will get much bigger. >> the funny thing about it is it is not as bad because they have money in their financing account which is their reserve account for bad loans and in 2008 the amount of bad loans hasn't been able to even use this reserve they have set up so they have excess reserves. the problem is in the capital account below the 2 present requirement and that is why they're on t

. >>> todavÍa terremoto en guatemala guatterremoto en guatemalaguatematengo 3 aÑos mÁe completar, y comos de dls quÓlares que los universi universitariuniversitari universitarios tienen. >>> supera el doble por concpeto de compra de automÓviles en estados unidos, y 20% mÁs que la venta por tarjcetas de crÉdito n estados unidos. >>> en estados unidos un 75% de los estudiantes universitarios r reciben algun tipo de prÉstamo para poder estudioar. >>>pporque pero desde el 2008da estudiantil ha aumentado un 20%. >>> la reeducciÓn en la pa participaciÓn del gbobgierno f e federal en al educaciÓn y nÚmero 2, que mahs de lauchas institu d dan un tiÍtulo que tengan un ingreso correspndiente a la d deuda. >>> es algo que preocupa a sally contreras. >>> voy a ganar 20 mil, nunca podfre pagrar esos prprÉstamos. >>> pero pedir un prÉstamo n e puede hacer que mhuchas pserson queden sin estudioar, porque s u segÚn estudios, las personas g a graduadas de universidad, tienen mejor salario. >>> el presidente barack obama y el republicano mitt romney se veran por primera vez dpespuÉs e las elecciones presi

can -- less than homeowners owe, but under the new deal, homeowners can sign up for the new fannie mae and freddie mac deal. homeowners must have had a significant reduction in their income, or recent divorce, separation, or debt to be eligible. the black friday deal previews. target will open at 9:00 p.m.. toys r us will open at 8:00 p.m. toys r us is offering doorbusters and free goodie bags. they will stagger the deals throughout the holiday weekend. and in a medical alert -- cancer and heart attack top medical concerns for most people. alzheimer's disease should be on that list, simply -- on that list, too. it is difficult to diagnose, but a new test shows promise. >> her memory is harder these days. alzheimer's disease is stealing her memory and eventually the 83-year-old's life. >> i do not know any more about it. it just happens. we have to die of something. >> sara was with her mom when the diagnosis came four years ago. >> i cried, just thinking about it. it is emotional. she has always been my rock. she has always been there for me. now it is my turn to be there for her. thin

. >>> si hay alguien sorprendido p por esta sdedesignaciÓn de maes del aÑo, es la ppropia veroÓni v vÁsquezemn exÁmenes, se d dan en sus calslases, cientÍficos p expositores. >>> en la clase cuelgan fotos de lincolng, ghandi y cesar chÁvez. >>> aquÍ la prfaprofesora les a de inpisspirac. >>> de que sÍ se puede y la importancia de fijarse metas. >>> es muy importante ver la educaciÓn mcomo la manera de t tener una vida mejor. >>> escogio ser maestra en el u surcentro de los Ángeles, donde crecio, un Área de bakijos re s recursos. >>> tuve muchos mtaestros que m ayudaron e inspiraron y quise a darles la misma inspiraciÓn a los etstudiantes. >>> a menudo visita a los pdtrs adres de los estudiantes en sus kcasa. >>> a platicar de n hijos. >>> de ciertoa a forma ella se como jarcddinera. >>> a veces llegan unas s semilltas que stestÁn como he s heridas. >>> entre sus metas estÁ en a r ayudar en lo que pueda, para c sacar a muchos de los niÑos de u una vida de pobreza y pocas il s ilusiones. >>> asÍ llegamos al fin de esta ediciÓn, recuerde seguirnos en f facebook en tnoticiero telemund tv, en tt

like many of new jer's barrier islands, there's mae damage everywhere. homes arn regained power since the stm hit - but just under two min are still without electriciy and are likely to remain ine dark for days. new york city is slowly rebounding....but mass trant problems and power loss is l hampering the recovery. as you can imagine.. traffis terrible.. many subways are still underwater.. leaving residents forced to drive or cram onto a limited supply f buses. a quarter of a millin people are still without por in the city.. and tonight's knicks..nets nba opener hsan postponed.. but this weeke's new york marathon is still . the storm has campaign organizers on the east racio get polling places ready bee tuesday.. meanwhile.. the candidates are back on the campaign trail in full forc. just five days before the bg election.. the president is still dealg with sandy.. but he and mitt romney are putting their fos back on key battleground sts they hope to carry on tuesd. in virginia, polls show romy has cut the president's lean that state to just two poin. ro

required to keep it runninggbaker's ecked ouu his yard for years, but this ti he teamed up with friends to maet biggee than ever. 29--3people do it for christmas.halloween is not given the attention it deserves in my opinion? thth n ter is113-120and the coolest thing for me about being an adult s nowwi can affood to do all the cool things i wanted to do as a id. kid.from having emergency eeitssto using ow-heat l-e-d lights.... haunted house is y no means amteur pelcome... to....the llte eeition,.../ i'm jeff barn. and i'm jennifer gillert. maryland essaped tte worst of ctis oeou whiltte clean-up esery s heading out of own.. toww.. karen parks... live... to... explain why... they're... leaving townn.. just days... after... sandy... struck. struck. city crews will bee peaving at 4 oclock innthe assistance car...carrying much needed medical suppliee to pssist in storm recovery efforts in new jersey.... jersey.... stilreellnggfrom the effects of hurricane sandy... right rise....more than 1000homes purned or destroyed..... today...mayor stephanie rawlings blake annoonced.....the people of baltimore

seriously delinquent loans the fha now insures, it is larger than the pile of bad loans that fannie mae has, larger than a pile that freddie mac has. those two communities also needed an attempt at bailout. they allow borrowers to make low down payments, they have a minimum down payment of 3.5%. outside a few other government programs, if you're a veteran or live in a rural area, banks are not making loans with low down payments anymore. when common misperception is the fha changed its underwriting standards, and that's not true. what happened is during the housing boom -- 2004, 2005-2006 -- it was much easier the get the lowdown money from private lenders. you did not have to say how much money made. the fha never got into that. they did not change the standards, the threat blew up. money throughet loans anymore. the fha did not do the kind of adjustable rate mortgages that are incredibly toxic from 2005 and 2006. those subprime mortgages have default rates from 40% to 50%, just an atrocious performance. the faa requires 30 year loans, fully amortizing. they did not get into the expand

able goat up and get makeup and high heels on and even if i can't wear the high heels, i'll do like mae a wheelchair with my heels on and have somebody wheel me around. ♪ and here i go >> reporter: for "nightline" i'm juju chang in pigeon forge, tennessee. ♪ here i go >> dolly parton's new book "droom mo "dream more" in stores tomorrow. she'll be on "good morning america" tomorrow. jimmy kimkimmel, next. >>> up next on an all-new jimmy kimmel live. >> thanksgiving is about going home to your family and doing dirty things in your childhood bed. >> ryan seacrest. >> who is the worst judge in the

. >>> los 5 mae maestros estuvieron detenidos en el palacio de san pablo, los docentes luego fueron entregadosl martes. vamos a estar atentos, un compromiso que el secretario hizo y finalmente nosotros queremos creer. >>> se liberaron al presidente municipal y otros funcionarios que trataron de solucionar el conflicto, y fueron retenidos por maestros hasta que autoridades intervinieron. >>> por un comunicado, el gobierno de oaxaca estaba satisfecho por llegar a un acuerdo, pero el dÍa de maÑana se prevÉ que maestros de la secciÓn 22 bloqueen accesos a oaxaca, en mÉxico, univisiÓn. >>> el saliente presidente de mÉxico calderÓn, propuso cambiar el nombre de paÍs, de estados unidos mexicanos, para llamarlo mÉxico, presentarÁ una propuesta de decreto al congreso, no tiene relevancia enfatizar el rÉgimen federal e imitar u estados unidos, con un nombre que no se usa, y el nombre que corresponde a la esencia de la naciÓn es mÉxico. >>> el nombre de nuestro paÍs, no tiene por quÉ emular a otras naciones como lo hizo en el siglo 19. la referencia a los estados unidos mexicanos se ha reducido por la pr

as one of th biggest decisions people mae. overestimate he value and underestimate dramatically how much it will cost to fix the property of the way they wld like it. gerri: what we saw in the market, the worst oftimes, homeowners would get angry they were leaving, damage to property and maybe in ways that you never expected and a difficult to find until you actually take possession. potential legal issues out there. >> there are potential legal issues. we have seen incidents where people have purchased forecsed properties only to find out that the foreclosing entity did not actually have the right to foreclose. issues with paper work that had not followed the transtion to the history of the property, so you need to make sure that you have a clear title on the property, the title insurance, again, do that kind of diligence because for most of us it is of very important financial investments we're maki in our place to live. gerri: market trend, ocation. w analyze this? it can be disconcerting. >> we really strongly recommen

backntrest.er here this is really a surprise for me.digiatort. almeetnk wgiofand beganin oure that geeyoknow, mae not wgiofand beganin oure as as had exctedan in fact, ae sot n really a whe no lofeseaors resear h has to devise development guidelines for ranchers, farmers and foresters. for example, if loggers would cut trees more selectively and plan their logging roads lessestively, trwould regrow more quickly in areas whehey ha worked. satellite images show why that is so important. . whenhey cut, many surrounding ees we eangled sainhe same ness show bulldozers damaged largereas . trying to remove and store e trees. t inhis area vines were cut fm sected trees the year before. to remove just the desired trees with much less damage.s uhl: now, if we look into the following year, the forest scar, the logging scar here has disappeared. up here, we can still see some of that scar. openings up here are so big that one year later, they still haven't been covered by regrowing vines and regrowing forest vegetation. here they have. narrator: the method allows the logger sustainable harvests over many dec

mortgage giants fannie mae and freddie mac were seized by the government. on september 14th, merrill lynch was sold in distress, and the next day, 158-year-old lehman brothers failed. you didn't rescue lehman brothers. it set off a worldwide panic when it went bankrupt, and i wonder, looking back, whether you think that was a mistake. >> there were many people who said, "let them fail. you know, it's not a problem. the markets will take care of it." and i think i knew better than that, and lehman proved that you cannot let a large internationally active firm fail in the middle of a financial crisis. now, was it a mistake? it wasn't a mistake for the following reason. we did not have the option. we didn't have the tools. the federal reserve cannot put capital into an institution. all we can do is make loans against collateral. >> the day after lehman, bernanke's fed did something astounding. it loaned $85 billion to a company that wasn't a bank at all, american international group, the global insurance giant that was also involved in backing risky mortgage i

. >> this town of mae sot is located near the western border. refugees account for almost half of the town's population. this clinic on the edge of town is supported by ngos. it provides medical subsidies to refugees and immigrants from myanmar. the first visit costs just a dollar. they get to see a doctor and receive free medication. >> translator: i don't have much money. so i can't afford other hospitals. >> she was forced to flee myanmar for protesting against the persecution of ethnic minorities. she established the clinic 33 years ago to assist other refugees. the clinic employs some 600 medical workers including nurses, physicians, and gynecologists. they also take care of a rising number of patients who come across the border looking for better medical care. because myanmar's own facilities are rundown. this man is one of them. he lost his leg below the knee in a shooting incident, so the clinic made him an artificial leg. the clinic sees about 150,000 patients a year. managers are struggling with recent unexpected problems. the clinic n

one that he cited there is fannie mae. this is before fannie mae got into trouble.but he would have gotten out, i think. but he did get out of freddie mac, which was a case where he bought a lot and did get out at the right time. and so the biggest mistakes, well, a couple of times he's been hurt by people who erred in the way that they acted. there's no question about that. the person i'm thinking about had done a remarkable amount -- david sokol-- had done a remarkable amount of berkshire hathaway and so i don't think it was something that warren could have known that presented with a certain set of facts that david sokol acted in a way that didn't work. >> i bet you asked yourself that question, didn't you. >> rose: yeah. >> how could i have not seen -- >> i don't know the answer. and he did a lot of good thing for berkshire. >> rose: of course. but you've said the hardest thing to do-- and it doesn't happen that often-- is to fire somebody. >> yeah. it's absolutely miserable. and, you know, i don't have to do it very often. but i'd pay a lot of money to have a d

there were others in the process including policies that led to bad behavior is by fannie mae and freddie mac and had non-financial institutional actors that contributed. >> there has been some talks of a possible qe4 coming sometime next year. is that a good idea? does that the set the economy up to be more vulnerable to inflation? guest: the experts and economists are split on this matter. some suggest that with this much monetary policy into the economy, it could trigger a round of inflation. ben bernanke would say there are no signs of that. there is a debate about that. we will see but i think the economy is still in a tenuous state. we had modest improvement but we have signs of worry. i heard this week about the change in chinese leadership also worries about the future economic growth in china. use a more troubling news coming out of europe and trouble from the manufacturing report out of the united states. i don't think we should prejudge what economic policy should look like 12 months from now. many people do not know what will happen one month from now. do you have that a more

freddie mac and fannie mae will suspend evictions and foreclosures for 90 days in disaster areas. despite the summer drought, crop numbers are coming in better than expected. the u.s. agriculture department reports the soy bean crop recovered from the dry summer with a rainy fall. the ag department raised its forecast on corn production even though yields from heat-scorched crops remain at the lowest level since 2006. friday's crop report triggered across-the-board selling in the grain market, which eventually could trickle down to prices at the store. "it should stablize for feed ingredients, for example. that will help people going forward. meanwhile, cotton yields are up 12% from last year. a kink in apple's supply chain is putting pressure on foxconn. foxconn's chief executive admits having a hard time meeting the huge demand of apple's latest products such as the iphone 5 because of the complexity of manufacturing the new items. it's shedding some light on the manufacturing process, according to michael manna, host of the tech talk show "t4 show." "these are becoming more com

mae and bailey are friends battling kidney cancer at st. jude children's research hospital. we developed a treatment for their cancer that's helping kids like them across america. you know what i wish for? what's that honey? my hair back. and no more cancer. well, girls, st. jude is working on that. go to st. jude dot org or shop where ever you see the st. jude logo. both winners, but only one n start...see if "you" can fie . >> jim harbaugh has a problem but it's a good one. two quarters backs. both winners. but only one can start. see if you can figure it out. >> alex smith is our starting quarter back. he has not done anything to lose that job. also kyle kaepernick you can't categorize him as a back up quarter back because he started games and played well in those games i think the thing that's best for us. we have two good guys. >> thank you for the clarification one thing we're sure about wide receiver kyle williams is out for the season. williams tweeted that news earlier today. even without andrew luck shaw led them. san jose state with a huge test. number ten, kansas

global frustration with rating agencies indeed at this moment i mean we still can't forget the name of mae and freddie mac. they had aaa ratings before they fell do you think the hitting the boiling point if you look at all of the last six months they've been relatively. easy for the market by reviewing by signaling in the reviews especially with spain for that reason market's been able to price in the action before it's before the actual agency has taken action for the reason we don't see massive selloff following a downgrade so that's. the issue somewhat have it is it is getting to a point where i think if you especially in europe at this moment very worried about how these reading rating agencies come up with analysis and if it influenced the market to a point where it's somewhat unjustified and we see a lot of valuations getting written down on the back of that and that's and that's probably time to look at it too slow to react during the cries of the quick right now now there have been reports recently several small rating agencies from the u.s. russia including now they're pulling in

people around the world may not mae make it to work or school t. may explaine "sudden sickness". join us for cbs 5 eyewitness news this morning... beginng at 4:30. ,,,, >>> here's a look at the weather in some cities around the country. morning rain in washington, 51 degrees. partly sunny in atlanta. sunny in st. louis, 58 degrees. mostly sunny in denver, 54. periods of rain in seattle, 51 degrees. >>> the puppeteer and voice behind elmo, the "sesame street" character, is accused of having a sexual relationship with an underaged boy. 52-year-old kevin clash denies the allegation. his accuser, who is 23 years old, claims he was 16 at the time of the relationship. the show said it found the allegations to be unsubstantiated. clash has taken a leave of absence from "sesame street." >>> john mcafee, the founder of the anti-virus computer software that bears his name is wanted for questioning in connection of a murder in belize. police describe him as a person of interest, not a suspect. his neighbor was found dead last sunday. both are u.s. citizens. p

. >> reporter: the town of mae sot is located near thailand's western border. refugees from myanmar are said to account for almost half of the town's population. this clinic on the edge of town provides medical supplies to refugees and imgrants from myanmar. the first visit costs just a dollar. they get to see a doctor and receive free medication. >> translator: i don't have much money, so i can't afford other hospitals. >> reporter: she was forced to flee myanmar for protesting against the prosecution of ethnic minorities. she established the clinic 33 years ago to assist other refugees. the clinic employs some 600 medical workers, including nurses, physicians, and gynecologists. they also take care of a rising number of patients who come across the border looking for better medical care. because myanmar's own facilities are run down. this man is one of them. he lost his leg below the knee in a shooting incident, so the clinic made him an artificial leg. >> reporter: the clinic sees about 150,000 patients a year, but managers have an unexpected problem. the cl

this is part of what brought on the economic crisis at the federal level, fannie mae and freddie mac giving out home loans to people who couldn't afford to buy and later had their houses foreclosed. we don't know what's going to happen in the housing market for the next 30 years. i think it's foolish to set aside increasing set amounts of money for the next 3 decades when we know right now that there's thousands of people living on the streets. why not just build as many affordable units now as possible and do that by getting government out of the way with all its red tape and regulations and taxes and union work rules that increase the cost of housing. that would be a better way to get affordable housing, not bringing back this redevelopment agency with its legacy of driving african americans out of the fillmore and they had slated more than half the bay area for redevelopment before they were shut down. >> anything you'd like to add, peter? >> there's a number of assertions from my opponent that are based in a misunderstanding how affordable housing works in san francisco in this p

story coming up. are constantly clogging up -- i'm standing in the nursery at a maryland hospital. your mae in sparkling health. for shining results, finish dishwasher cleaner. >>> a photo of a 3-month-old who underwent heart surgery is attracting world wye attention. joey's parents snapped this picture after their son's hope art surgery and put it on the facebook opinion. his urchgal saw it and posted it on reddit. since then, the picture has attracted a million likes on facebook. he was diagnosed with a heart condition before he was born. -- his uncle saw it and posted it on reddit. >>> toss out the pacifier and get rid of the bottles. the state of maryland wants to increase breast feeding to take advantage of health benefits for babies. beth parker has the story. >> i can't get over how good he feels. >> reporter: little harrison is just one day old. his parents, chris and mickey had heard some stories about breast feeding. >> i had heard that it hurts. i heard it was easy. i heard it was the most unimmigration and naturalization service thing that you could ever do. >> reporter: now, to

torres was arrested in mae for kidnapping and murder even though lamar's body has not been found. >>> well, forget black friday. this year it's all about black thursday. target will open its doors at 9:00 p.m. thanksgiving night. one california employee says enough. cbs 5 reporter kid on her nationwide campaign to put the holiday back in thanksgiving. kit. >> well, ken, the woman's name is casey st. claire. she's a part-time employee here at target and she is standing up for thanksgiving and calling out her own employer. she has started an online petition to try to get target to shut its doors on thanksgiving. so far it's got more than 2 hun thousand signatures. . >> when i first started, i think the first black friday i worked, target opened at 5:00 a.m. on friday so that was actually a black friday. so then it went to 4:00 a.m., then it went to mid nieshths and now it's black thursday because you're opening on thanksgiving day. i want to keep thanksgiving as a day where the stores are close and had everyone gets to spend the time with their family. i'm not looking to get fired even

. >> this little stocking stuffer can be a memorable present for mae. >> guess what time it is? it is turkey time. >> lucky ava. good morning. two problems as you head out the beep-bop-boop-bop boop-beep. [monotone] she says, "switch to progressive and you could save hundreds." call or click today. >> good morning. this is a live look at outdoors. 47 -- colder air. we're back and expecting a cold rain to pass through this boating. i am live in reisterstown. we are live at times turkey farm.s turkey >> the rain makes a change a little bit. turkey's always smell better cooked. >> you said you hardly smell it. bird.at is a happy thir >> this 400 in this pen for christs. [no audio] >> we are having technical difficulties with the live shot. i cannot look at the turkeys. i cannot do it. i do not know. me ot ma to manme to ma up. we have a cold front moving through. you saw that we had some rain as we make the transition in air masses. temperatures in the 20's on the other side of the mountains. we will not move much with the temperatures. 43 at the airport. i do think it will clear u

they are so conditioned you are just giving mae a slogan. so i think we naed to own the way in which respect is used in our cull taur and to say to young people, this is what it looks like it me when we walk down the hall and what it looks like to me as a teacher when i walk down the hall and be respectful, if i hear bad language, what a teacher will say if i had to stop at every f-u in the hallway i wouldn't be able to teach. i would spend my entire day doing that. what i would like to think about is those are the small moments that really speak to the culture of the school and so you can't stop every you are a faggot walking down the hallway, you can't stop every retarded. actually you can and you can do it in a way that really speaks to the dignity of all the children. as a teacher i think sometimes we have forgotten when you are a teacher, kids are going to cuss you out sometimes. you are not going to fall down dead if children say f-u when you walk down the hallway. it won't kill you to have an eraser thrown at you behind your back. tha