what you can and important and i was stanford finance an economics professor and author and not a mahdi thank you so much for being on the show it's time now for today's big deal . and harrison edward mr edward harrison joins me now to discuss a dodgy deal of shady deals specifically the thirteen billion dollar deal that it conducted with one of its very favorite banks j.p. morgan i think it's fair and people would argue against that now yesterday we briefly mentioned the story but after some consideration we decided it warranted a more thorough look now to recap on monday the now. on profit group better markets filed a lawsuit against the justice department intended to block what it called an unlawful settlement with j.p. morgan over bad mortgage loans sold to investors before the financial crisis now the record settlement of thirteen billion dollars does not release j.p. morgan from potential criminal liability over the mortgages packaged into bonds however better market said it was still shocked by the fact that the settlement give the bank quote blanket civil immunity for its conduc

imagine january 17200 trucks entered falluja and the mahdi. was that a tactical surprise on the part of the sil or did we have intelligence that suggested they were mustering and were about to move or did the iraqis have that intelligence? and if we did what was wrong with that and secondly, you talked about how the suicide bombers turned and twisted logic has become the most precious resource, and in november of 2012, there were three suicide bombers and that has gone up to 50. what is the scope on that or is that continuously expanding? do we expect to be at 100 by next year or is that -- if you could speak to that issue. third, to point out that sis you quoted that on january 21 how seriously is the threat to baghdad? fourth, if you could comment you point out the isil the maliki soldiers did not take the bait. is that something that is ongoing; are they executing prisoners in the center of falluja or the central part as yohe would say in falluja? and when it comes to the issue of christians, the report commission of religious freedom point

weather explanations suggestions or something for ansar al-mahdi al-muntadhar going on. something more fundamental going on. even the fed, rick, maybe something else is fundamental here, maybe something is going on. this has been a five-year expansion overall? >> it has been 7 year recovery in the housing market. we're absorbing overbuilding since last time. vacancy rates are higher than normal. we have 1.million properties in distress coming forward. we're not there yet. the good news the market is recovering. it is just going to recover more slowly than past couple of years. gerri: i want from both of you before you go, outlook for economy and housing coming up this year. rick, i will start with you. >> i think we can expect to see a relatively flat year in existing home sales. we'll probably see slight up tick in new home sales. but i don't expect to see prices go up much more than maybe 3 to 4% on annualized basis. gerri: lance? >> absolutely agree with that. if you look at mortgage demand, it is down. let's talk about the elephant in the room here by is the affordab

in the news a couple of days ago, and also the al qaeda flag flying in places like fallujah andra mahdi, places i have been to, places -- fallujah and rah mue dee, places where they're local leadership said, we're going to rebuild this city and live in peace and prosperity. we all know, mr. speaker, you can't live in peace and prosperity if you're living underneath that black al qaeda flag. that's the result of leading from behind. that's the result of stepping out of iraq and handing that country over. that's the result of not focusing on the negotiations necessary toest tab learn a status of forces agreement in iraq that could have povided the security and stability and training necessary for the iraqis to protect themselves from the outside influence that now has a powerful influence in those places that were paid for, some of them more than nce, and that encludes fallujah, in american blood, mr. speaker. that's iraq. afghanistan. the president found himself pushed into a situation what where he had to order a surge, even though he jected the surge ordered by president bush in iraq a

myth number seven, the al-mahdi cease-fire with the real reason. i've already covered this. again, he would not have offered a cease-fire had the surge that already improved security. myth memory, general george casey stretch of accelerating transition to the iraqi secret forces could have achieved the same outcome as the surge had we given it more time. this is a quote right on general casey's own joint campaign progress review, the last and conducted under his watch which he signed and it basically says we are losing. many other risks identified in the campaign plane have materialized. the assumptions did not hold. we are going to achieve our objectives. we need to protect the iraqi population from sectarian violence. true. so he didn't believe that this strategy was succeeding, and neither did the folks that work on the creation of the surge. the iraq study group report we were caught in a mission that has no foreseeable end, and at that point in time unfortunately they were right. myth number nine, the real reason for the improvement in security was the improvement in ca