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we got this video from mbs news and according to them, cyril hung like this for more than 45 hours. > hours! >> yeah. >> was he wearing diapers? >> why couldn't he do it like two hours. >> after finding this video and seeing it on a few different pla blogs, two theories. one i don't buy is that he's hanging from a rope that blends into the sky. i don't buy that one. >> i don't think he's on a rope. i think he's on a frame that his body has been harnessed on to. >> i figured it out. this isn't his real arm. this is a fake arm pressed up against this glass and he's got some support system that goes to his back allowing him to hang there. >> that's the other theory. and his actual arm is tucked behind his back. that's what people are saying. is that what you guys think? >> absolutely. >> what do our facebook fans think, is this how he did it with a prosthetic arm? do you have another theory? head to our facebook page, facebook.com/rightthisminute. >>> when you're a kid, a snow day is awesome, right? >> snow day! >> well, i think when you're an adult, you really look forward to a foam day

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first panelist is phil de priest, who is a resident of chicago and is an investment executive with mb financial investments. it's wonderful that he's here visiting us from chicago, one of my favorite cities, after d.c., of course. next we have don graves who gave us an earlier presentation that we all heard and enjoyed. he's a lawyer visiting us from cleveland, ohio. >> another favorite city. >> yes, exactly. of course. and a descendant of one of the renowned families of d.c., the wormleys. our third panelist is steve hammond. he's an associate director for hazards and here with us locally in reston, virginia. and then finally, our fourth panelist is angela hayes-toliver, a health analyst with the u.s. department of health and human services and she's a lifelong washingtonian. so i welcome you all here and look forward to hearing the wonderful things you have to say about your families. our panelists will speak for five minutes as they appear in the program and then we will give you the audience an opportunity to ask them questions. so let's start with phil de priest. >> thank you. fi

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to reinvest principle received from holding of agency debt and mortgage-backed securities, in agency mbs and roll over its maturing treasury holdings at auction. these policies have supported the the economic recovery by putting downward pressure on interest rates including mortgage rates and making broader financial conditions more acdaytive. the committee reviews the size and composition of its security holdings regularly and is prepared to adjust those holdings as appropriate to promote a stronger economic recovery in a context of price stability. the economy's performance over the medium and longer term will depend importantly on the course of fiscal policy. fiscal policy makers confront daunting challenges. as they do so they should keep three objectives in mind. first, to promote economic growth and stability the federal budget must be put on a sustainable long run path. the federal budget deficit which averages about 9% of gdp in the past three fiscal years is likely to narrow in coming years as the economic recovery leads to higher tax revenues and lower income support payments.

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they don't go to graduate schools like stanford like i did and got my mb and then ph.d. these kids to earn above them and earn a wage, they start right out of high school. they aren't worth the minimum wage. they won't be hired because they're not worth it. after being unemployed for a couple years, they become unemployable. after being unemployable for a couple of years, they become hostile. and then you have to spend a fortune protecting yourself from these kids. look the stats that you put out here. black teenaged unemployment today. do you realize how long that's been going on? that's a macro-economic program. that's not a family problem. that's not a capital access program. this is macro-economics that is killing a community. >> right. >> and these kids will never be allowed back into the mainstream. they're lost. six years. a kid 16 years six years ago is 22 today, not had a job. what do you do? you need to change the top first. to get the snake, you got to doesn't its head off. you got to go right at macro-economics federal, and then state and local, and then on d

when they wrap it up into an mbs, they take the interest rate risk and fannie and freddie provide the credit guarantee. so i think it's important to keep in mind, the fundamental difference between a 30 and a 15 or 20 are the interest rate risks. and, again, that was not something that freddie and fannie necessarily took in place. i will note, we have procedures in law put into the housing and economic recovery act of 2008 where there are receivership provisions to wind down freddie and fannie. the dodd/frank liquidation provisions mirror those to some extent. so put it this way. if you believe that dodd/frank gives us the power to wind down jpmorgan or citibank, you must by analogy believe we have the power to wind down freddie and fannie. if you believe we don't, then we don't. with that, i really want to thank our audience, and, again, emphasize both papers are online. i believe we have copies here, as well. and i know kevin is going to hang around to answer any other questions. thank you. >> thanks for coming. >>> here's a look at programs this afternoon. coming up, girl scout ceo

what is mbs? >> wrong person is ask. >> mortgage backed securities. >> i couldn't tell you exactly what it is, but i can tell you the banks were very eager to give home buyers more money than they needed. >> i don't know. >> we don't know. >> sorry, i'm not understanding. >> oh man, don't ask me that, i have no idea. >>> maybe that's not all together fair, but it does seem like alphabet soup out there for the average joe. are they putting the housing market in risk again? one of our guests says it's horrible, the other says it could be okay. >> it's a horrible idea, the reos should be doa. it reminds us of the saying it's deja vu all over again. this is simply a way to off set risk, and put it on the shoulders of retail clients and that's wrong. we have seen this movie before and it has not ended well. >> and is it a vehicle for an income stream? talk to us a about the positives you would see? why would these be be good? >> we have a huge backlog. and this is one way of getting additional funding

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tis astoes ysgaea aan mb ist t? yea thas tr. antheye woe. leme elainhy ty're rse. eahatr aneywo le ein tre e. e crs anthe oodsthe reetangstheyan b vastcring an a se ll pdst ofe th popu tionetthe gsmocreys b stg s pof thpuone cr d reoodins, ey a reerybdiy., a yb and ey'vbeenn chge f ov 100ears d 'vench f ov00rs ifhe rublins wt too someing,he docra areif rli wto oppod tot. e be thi we uld is meg, drare poto behie d s everball reme algang nas angangymbo. erllemalng naanngbo allothemo on runn thr nas. loemonunth na at w, itecom imptant th theoterduca thselv. witommpnt thheerca thlv wh doejohnmithtandor anif -becae ri t nowhwhenoehnthnd yogo io vo, ifou'ra an -cari no ennsertiveyou n't ed t yo ivoif'r knowny nes erveu t t ow n l yoneedo dos lo for repuican. if yyo're edberado allloou nord pu an too isook r decrat ye rall nyou n't en nd to now toe isk de atme othe ndide. u t ntow oe id thiall undsreatn thry. coue, t reaty othe nd oameran g ernm t hi l yodsre latkingor h e, ithyou . uld oud up tith eawhol ofalee of d operaer sou g, alnmwith yodiff lent ngeas, hll w ih u d

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if they're buying residential mbs, it is different than if they're flinging money on to the roofs ofhe banks. these are all essentially directionally speaking the same exact trade. let's not complicate it. >> just jump in. let me qualify what i said. i think the first move on any easing, europe plan, anything is higher. for me it is the aftermath and reality sets in and then i think you see the weakness and it comes down. china didn't ease because they're strong. it is because they're very weak for the first time in years. >> you get an initial pop because any easing the dollar would weaken and gold would move higher. let's move and hit further the other big piece of news today, china cutting rates for the first time in nearly four years, the country's latest effort to boost economic growth and robert of matthews international capital management oversees $18 billion most of which is invested in asia and joins us now. what do we take the ease as? is it a sign of desperation that things are a little worse than perhaps we think? >> i don't think it means much at all to be quite honest w

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mb lying on a gurn any, behinding behind sunglasses was sent to a prison hospital in cairo. >>> in china piece from a truck traveling in the opposition, the driver was struck in the chest but he brought the bus to a stop and get passengers off but he died a short time later. >>> police are investigating a bizarre crash at a supermarket in bridge port, connecticut. trying to figure out what caused a car to jump a curb and crash through the store's front doors. five people were injured. it appeared the driver was trying to park his car and lost control. >>> another investigation to tell you about this morning. this one in mesa, arizona. rare first edition copy of the book of mormon has vanished from a bookstore. the book was on display and drew hundreds of mormon missionaries. it disappeared some time over the memorial day weekend. the book is valued at $100,000 but it is not insured. >>> four minute after the hour and time for another check of the weather with lonnie. >> we're going to start you off by showing you a big picture of the good ol' u.s. of a. number one, we have a nice high pr

mb, ribs and lobster rolls. it's going to get ugly here. >> you're doing well.ourth. >> i'm rolling up my sleeves. >> this jacket. >> exactly. so ribs, like lambs, believe it or not, they have ribs. we're used to pork ribs or beef ribs. but lamb is sort of like the chef's sort of dish. if you want to be creative for your fourth of july barbecue, it's a need way to do it. it's braised in rootbeer, little bit of soy. sugar to it. lots of scallions and sesame. like the flavor to me of lamb on a grill, that to me is big holiday stuff there. >> this is delicious. >> it is great. >> i love the sides you brought as well. >> again, obviously, i like to have a little bit of fun with my food and what i name things. instead of the traditional coleslaw, this is coleslaw made with tiny cabages called brussel sprouts. it's brus he will kraut. it's the same as a cabbage. maybe it's a way to get your kids to eat brussel sprouts. trick them to believe it's coleslaw. >> oh, i'm sorry. listen, so the last time that you were here, had to literally run out the door to get back down

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this is "today" on mbs. let's take a paint project from "that looks hard" to "that didn't take long". let's break out behr ultra... ...the number one selling paint and primer in one, now with stain blocker. each coat works three times harder, priming, covering, and blocking stains. let's go where no paint has gone before, and end up some place beautiful. more saving. more doing. that's the power of the home depot. right now at the home depot, buy four cans of paint and get the fourth one free. >>> still ahead, an update on a boy who played a little darth owder inou fams s f bousam ser l . eyngonrioun f ior b >>> good morning, everyone. 5:26 is the time on your saturday morn. sun, just about to come up over the city of san francisco. promises to be a cool day. good morning, everyone. i'm garvin thomas. kris sanchez has the day off. let's talk to this man. >> it looks cool for june standard. earlier in the week we had 90s. things dropped off to finish the work week. we're still in a pattern of a good sea breez

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