national bank association. president crowley: ok, thank commissioner caen: mr.esident, i would like mr. eastrom to comment on 5-d. iñ before we do that could i ask for a motion on items 5. -a through c, and we'll pull out d? commissioner caen: i wasn't pulling it out. president crowley: it's good information. ok. ó >> we have been working very hard at the s.s.u. c in particular to renegotiate the liquidities facility. a year ago when we needed this, prices in the marketplace were much higher. so we have been able to f/çÑi results in savings over the current contract of $1.6Ñ will be savings to the rate payors ultimately. thank you for consideration and for approving it. commissioner caen: i would like to move. the consent agenda. president crowley: any public comment on items 5-a through d? and hearing the good news. i thank you, my colleague, and for having that pointed out. i will entertain a motion to accept a through d and you made the motion. seconded appropriately. all those in favor please signify by saying aye. opposed. the aye vs. it. next item, michael

when we look at these bank loans to felons and mobsters, the people that were your business associates and on nationalv you admitted that you did not know the extent of the criminal activity of the people that you lent money to, from a federally licensed institution that then collapsed and you transferred a $390 million bill on to the back of the federal deposit insurance corp., i think you should have some apologizing to do. >> nor answer to the question. have made fiscal responsibility a centerpiece of your campaign, citing your opposition to the obama administration's economic stimulus because of its costs. what different course or courses of action which you have supported in 2009 to stimulate the economy and get unemployed americans back to work? >> if we had a much smaller bill with a larger amount of money for infrastructure, it could have gained bipartisan support for it is surprising amount of the stimulus spend money on social programs that had been rejected by the congress for many years. the failure of the stimulus -- we were promised that unemployment would top out at 8% by the administra

nation's biggest bank, bank of america is going to freeze repossessions of forclosed homes in all 50 states. officials are concerned that some homeowners may have been evicted due to flawed or unverified documents. associated press says it has court papers that quoted a b of a official. she reportedly acknowledged signs hundreds of foreclosure documents a month without reading any of them. b of a plans to review foreclosure documents from now on. >>> and last week we reported that -- was one of the 5,000 dealerships that ford was cutting in order to revitalize a lincoln brand. hilltop will not be closing, we apologize for any problems our report may have caused. >>> porpoise not seen in the bay area for years, until now. and john sasaki has our story. >> reporter: for the first time ever where right here just inside the golden gate, scientists have the chance to study the protected harbor porpoise up close. with a special federal permit, our boat approached these timid, solitary animals. sometimes glimpsed offshore. a quick dark fin is what you might seen. short breaths nickname them the huffing pig. >> there were none in the san francisco bay at the time now they are back and they are here every single ba

association. it said imposing a moratorium would be, quote, catastrophic. last week bank of america, the nation's largest, acted on its own to halt foreclosures in all 50 states. the bank is an underwriter of the newshour. three other banks, allied financial, j.p. morgan chase, and pnc financial, have imposed partial freezes in 23 states where foreclosures must be approved by a judge. all of the banks acted after allegations of improprieties including so-called robo- signings in which processors signed documents they never read. on friday senate majority leader harry read called for a federally mandated moratorium. congressman debbie wasserman shultz of florida joined the call on sunday. >> i think we need a combination of a freeze potentially and also we need to sit down with the banking industry and talk to them about ways in which we can help them be able to work those mortgages out because it's absolutely imperative that we keep people in their homes. >> brown: some republicans including house minority whip eric cantor say a moratorium would do far more harm than good. >> what you're telling

national association of realtors said sales grew 10% in september. sales are down 19% from last september. also today, a warning from a leading bank regulator that already battered housing market could, if you can bloelieve thi take yet another hit. fdic chair sheila bear said it could make potential buyers wary of purchasing homes. further damaging the already beat up market. >>> and brett favre is reportedly admitting it has his voice left on a message for a former sideline reporter. he's heard inviting sterger to the hotel room. she also received graphic pictures from the waist down. he is not copping to those picturing being his body. joining me now, michael smerconish, also an msnbc contributor. good to see you. hope you had a great weekend. >> i did, tamron. >> so brett favre says it's him. the website that originally leaked the voicemail says those graphic pictures came from the exact same cell phone as the voicemails. what needs to happen here. >> well, as new york post could only say, favre has confessed to the ringy but not the thingy. if the thingy becomes an issue, he has a real problem. that's a product of a twisted m

bank association. english said that he knows what he wants from the candidates but he is not hearing it. >> i want to hear somebody say this is what we do as a nation. it would be refreshing here's the problems and how i think we should address them. >> reporter: last month our pole found more people had a favorable feel being kirk than this time of around. that used to be -- problem. but now his ties to the broadway bank is not as much of a concern to voters. it will be a bruising next month. there's millions and millions of dollars rolling in. and next week alone, and advertising campaign being done by karl rove, $1 million in the chicago market alone for their advertising. >> wow! >> reporter: it is unbelievable. >> stepping it up. >>> rambo homeward bound after bidding farewell to the white house today. the president's right-hand man didn't say that he's running for mayor, but his actions have spoke louder. >> reporter: he has a new home in chicago and expected to fly home on monday. he has not technically said yet. the president called at the time least suspenseful announcement of all time that rahm emanuel will be leaving the white house to e

. >> osgood: the associated press reports up to 40 state attorneys general are investigating the use of flawed foreclosure paperwork by the nation's bank. word of the inquiry could come as early as tuesday. in sports in the american league baseball play-offs last night the new york yankees advanced one step closer to the pennant and the world series with a 6-1 win over the minnesota twins. earlier, the tampa bay rays staved off elimination by beating the texas rangers 6-3. now for today's weather forecast. shaping up to be a pleasant day with temperatures in the 70s, 80s and up and only a few rainy spots. the north will get a few showers this columbus day. the south will remain warm and sunny. ahead, all about best-selling author stieg larsson. and later the actor's actor. author stieg larsson. and later the actor's actor. >> when you have to shoot,,,,,,, two governors, two different approaches. even in good times bob ehrlich didn't make education a priority. he increased college tuition by 40%, cut school construction by $200 million, and ehrlich voted to eliminate the department of education while serving in congress. but in the toug

banks. >>> some new numbers on the housing market, pending home sales rose for the second month in a row, the national association of realtors saying the number of people who signed contracts to buy homes jumped 4.3%, but that is still more than 20 percent below the pace in the same month, one year ago jenna: we have more news on housing as well. get this, three major banks said they screwed up peoples' foreclosure paperwork for their mortgages, and now they're halting foreclosures across the country because of this. the fox business -- fox business network joins us. what happened here? >> very simply, it's a matter of dotting the is and crossing the ts. there are 52 million outstanding mortgages in this country, roughly 4 1/2% are in foreclosure. two point three million. so j.p. morgan chase, bank of america, gmac have said we're going to stop the process and review those foreclosures that are currently in the legal system, to make sure the paperwork is accurate, because judges in some cases have said no to the bank during the foreclosure because in reality the bank doesn't own the notes anymore, they perhaps so

when you look at these bank loans to felons and mobsters, the people that were your business associates, that on national television admitting that she did not know the extent of the criminal activity from a federally licensed institution that collapsed, transferring its $390 million bill onto the back of the federal deposit insurance corp., you should have some apologizing to you as well. -- to do as well. >> congressman curt, you have made fiscal responsibility a centerpiece of your campaign, citing your opposition to the obama administration's economic stimulus because of its cost. what different courses of action would you have supported in 2009 to stimulate the economy and get unemployed americans back to work? >> if we had had a much smaller bill with a larger amount of money for infrastructure, it could have gained bipartisan support. a surprising amount of the stimulus spend money on programs that were rejected by the congress for many years. the failure of the stimulus, remember, we were promised that unemployment would top out at 8% by the administration. we have seen a raft of wasteful spendin

bank loans to felons and mobsters. the people that were your business associates, and there on national tv, you did not know the extent of the criminal activity of the people from a federal license institution that didn't -- that then collapse, ending you transferred up $390 billion bill on the back of the federal deposit insurance commission. i think you have some apologizing to do. >> can we get your answer to the question or to mark >> the question is to congressman kirk. yet made fiscal responsibility a centerpiece of your campaign, citing your opposition to the obama administration's economic stimulus because of its cost. what different courses of action would you have supported in 2009 to stimulate the economy and get unemployed americans back to workers a margin i think if we have a much smaller bill with a much larger amount of money for infrastructure, it could gain bipartisan support. a surprising amount of the stimulus spend money on social programs that had been rejected by the congress for many years. the failure of the stimulus -- remember, we were promised that unemployment would top out at 8% by the ad

bank of america and a guest of our speaker. and ruth snyder, associate editor for kiplinger washington editors and chair of the national press club's speakers' committee. skipping the speaker just for the moment, mark sibel, managing editor for online for the mcclatchy nspapers washington bureau. donna borak, said reporter for the washington bureau of american banker. itaoro irishi 40 nikay this pittard. reubin mother, regulatory correspondent for the deal reporter of the financial times. and finally, david hodas, free-lance writer reporter and editor of business and financial news. [applause] two years ago the u.s. financial industry stood on the brink of collapse. the subprime mortgages crisis had just brought down lehman brothers in the largest bankruptcy in history. a record held all of 11days before washington mutual spassed it. president george w. bush signed legislation to create the troubled asset relief program, better known as t.a.r.p., which allow the federal government to take stakes in the financial sector with the aim of stabilizing it. such government intervention, even arguably generous terms was regarded as heraldi