usually when israel says redlines, if it says something is not acceptable, it will do something about it. it was pretty clear to me, remember when the israeli government was talking about the point of no return? i understood it as enriched with capability if -- enrichment capability. i suspect the government knew how complicated that was in the middle east. what about other countries in the region? if i may take on turkey, and she knows i am a friend of turkey. i work closely with turkey, but i have to say, i have been disappointed recently. after i left, the board of governors faster resolution on iran. -- passed a resolution on iran. it was after the in richmond had been exposed to the world, and there was a resolution that basically condemned iran for violating, for not having told about this facility in advance. this was the first resolution passed by the board of governors since we reported iran to the security council. it was significant, and we got a pretty good majority of the board to go along with it. it was not just the u.s. and our european colleagues. it was japan, austra

dimare subway stop is the tacoma redline and not far from here is where we've recently had a huge accident where nine people were killed so that gives you the sense of where we are in washington. an area of the city that was reserved for people who were on vacation when able lincoln was president his summer place was now on the ground of the veterans hospital and that is about halfway between here and a downtown washington. takes about 20 minutes to drive downtown. for the summer cottage for people who wanted to come even further up to get away from the small negative and humidity all-around foggy bottom and the potomac in the summer would come here, the highland tacoma a little closer to heaven is what it literally means and i remember when my dad first came here i grew up in brooklyn new york and when my dad first came and visited he said to me you didn't tell me i moved to the suburbs. it ought to live in the city. i said i do live in the city this is washington, d.c.. but the idea that it was a single-family detached house, you know, that was a with a little backyard and postage stamp

israel says some pretty clear red lines and usually when israel sets redlines possess something is an unacceptable it will do something and it was clear to me remember when the israeli government was talking about the point of no return i understood that and interpreted as having in richmond capability. but they didn't act at that point and we tend to understand more about with the decisionmaking problem but i suspect the government how complicated that was in the middle east. what about other countries in the region? if i may pick on your own country, turkey, and he knows i'm a great reporter that i am a friend of turkey and work closely with turkey in nato and during the balkans and at the iaea, but i have to say i've been disappointed recently. after i left the iaea board of governments passed a revolution on iran that was after the second enrichment facility had been exposed to the world and there was resolution that basically condemned iran the house for violating security council resolutions, not having told the iaea about this nuclear facility in in france. this is the first re

this is one of our photographers who jumped on the redline earlier today. this was before rush hour so you can just imagine what it looks like right now. tomorrow is expected to push metro to the limit again. buses and trains should be packed. officials are asking if you ride the metro down to the herly blossom, think about getting off at union station,able gallery place, federal triangle. you have to walk a bit, but you might find those spots a little bit less crowded. so what do all the locals think about these tourists? well, we talked to one not long ago. >>> it's a lot of people. i was just telling her i have never seen so many cars back ere. back when i was growing up out here. i never seen so many people at one time. >> frustrating that so many tourists are in town or do you like it? >> it's d.c. everybody wants to come see d.c. obama. i like it. i enjoy it. >> and if you are one of those people who think i'll just jump in the car and head down to see the blossoms. don't do it. in is a live look at condition connecticut avenue to get an idea. i'm loo

i certainly appreciate your work against the redlining and things that are clearly discriminatory werearly discriminatory -- and things that were clearly discriminatory. it was reported in the media that a political appointee in your division assemble an entire voting -- assembled an entire voting section. section 8 gives the attorney general power to ensure that states are complying and moving dead and duplicate voters off of the roles. it is easier to slip in and have someone vote in that name. it creates a risk. section 8 "has nothing to do with increasing turnout of minority voters, so there is no interest in enforcing that law." have you heard that? >> i have not. we're actually in the middle of preparing guidance. i am a firm believer that the way to ensure full enforcement of our law is through some litigation activity as well as technical assistance and other guidance. we're in the middle of preparing guidance on section 7, section 8, section 5. >> section 8. did an employee makes such a statement? -- make such a statement? will you check? that is against your view, is that cor

somebody who calls and wants to blame -- or implied it was blacks and latinos or them getting de- redlined. but it was not in the black community or the latino community. it was more in the white community. host: we got your point. where do you go to find your data? guest: i have been hearing on the radio, just guys to -- i can't point that dated to you, but just in the welfare, more whites receive welfare than blacks and total population. host: all right, we will leave it there. we're talking about the senator's versus goldman sachs and what you referred to, mike, is part of the editorial in "the wall street journal." they said that yesterday's hearing had any value is the recognition of the real root causes of the crisis -- too many bad mortgage loans with poor underwriting and too many polls of these bad loans carrying aaa ratings. exploring the creation of junk loans should lead senate investigators to the same place where most of the taxpayers' losses are occurring -- vana mae and freddie mac. new york, bernie his journey -- joining us on the republican minority caller: i think this w

unfortunately, is that if you now go back and track a policy, we started off from the point where redlining was the real concern. and indeed what that implied was there were a lot of banks which were leaving potentially profitable loans on the table. and so we at the fed were pushing for them to evaluate these loans in a more objective way, and they were doing that. the evolution of the subprime market goes over the years, and then begins to accelerate. because it was the broad thrust of this government to expand homeownership, especially amongst lower and middle income groups. it was a policy officially of and which gave standards to fannie and freddie, to significantly increase their participation in those types of loans. and we look back now at the numbers, as you point out correctly, that is as often the case we go from one extreme to the other. and if you take the extent of fannie and freddie participation in and every to meet the hud goals, the numbers are extraordinarily large and very -- so large in fact, that they are preempting a major part of the market. and that, which we learne

we certainly do not want a modern equivalent of redlining. we do not want to say the entire category of small business is not to receive credit or nobody in the state of florida is to receive credit because of the general category. part of this is the cooperation between the banks and the examiners working together and understanding each other to make sure that every loan is evaluated on its own 2 feet. you could very well have a situation where the value of their property is going down but the company has a stable business and has been able to pay for many years in which case we have provided guidance to our examiners and training and asking for feedback in which case that loan should be made or at least be given a very careful assessment. and this is something that goes back to a point that was raised earlier is the fed's involvement with the banking system. we are bank examiners. we are obviously very concerned about making sure the banks are safe and sound and making good loans. on the other hand, we are also very concerned about the over

the lending institutions were redlining neighborhoods and they would look at the inner cities in america that were losing asset value. if you owned an apartment, a condo, or a house, or a piece of industrial or commercial property in an inner city that was being run down, the value of the real estate was diminished sometimes by the crime rates that were there, by the abuse of drugs, by the businesses that weren't sustaining their value and cash flow. so you might have a nice home sitting in a neighborhood that's not as nice as it used to be and even if you keep your home up, people don't want to move in, so the value is going down. bankers were doing what's called red lining. they'd draw a line around this neighborhood this area in the city and make a determination they were no longer going to lend money on real estate into those neighborhoods or commercial-industrial property areas being run down. it may well have been a prudent business decision. it was defined as a racist decision and in some cases i think it probably was. but this congress passed legislation called the community rein

if they did not adhere to helping what they call redlining in these years was the poor people in theneighborhoods who couldn't get loans, and they float the loans, the banks were forced to write these loans for these poor people, indicating that they had income when they didn't without any down payment. and therefore, they took advantage by wrapping all these loans up and selling them abroad and selling them all over the world and causing us -- i warned at the time they were destroying our pensions, and this is why we should have a good tea party because the people are angry at what the democrats have done with our pensions and with our money, and they are now going to be paying $1 trillion in interest for every year because of the money they keep spending. we asked them, please, the democrats, change them. we have to change the people who were there too long, and they will do this again unless new laws and regulations, which, by the way, obama voted against regulations when he was a senator. host: all right, ma'am, we're going to leave it there. thanks for the call. next subpoena la

i certainly appreciate your work against the redlining and things that are clearly discriminatory wereriminatory. it was reported in the media that a political appointee in your division assemble an entire voting -- assembled an entire voting section. section 8 gives the attorney general power to ensure that states are complying and moving dead and duplicate voters off of the roles. it is easier to slip in and have someone vote in that name. it creates a risk. section 8 "has nothing to do with increasing turnout of minority voters, so there is no intest >> i have not actually, senator. what is interesting about that, we are right in the middle of preparing guidance because we can't simply -- i'm a firm believer that the way to ensure full enforcement of our laws is through some litigation activity but technical assistance and other guidance. so we are in the middle of preparing guidance on section 7 of the voters, section 8, section 5. >> just talking about section 8. did this employee make such a statement? >> i'm unaware of that. >> will you check and see? >> i certainly will. >> tha

we certainly do not want a modern equivalent of redlining. stable business and has been able to pay for many years in which case we have provided guidance to our examiners and training and asking for feedback in which case that loan should be made or at least be given a very careful assessment. and this is something that goes back to a point that was raised earlier is the fed's involvement with the banking system. we are bank examiners. we are obviously very concerned about making sure the banks are safe and sound and making good loans. on the other hand, we are also very concerned about the overall health of our financial system and our economy. therefore, perhaps more than others, we are focusing on getting that balance right. we want to make sure that could loans get made. i have talked about some of our programs and our information gathering. we have had meetings around the country and conferences and we are collecting extra data we did not collect before about small business lending. we put extra questions into the survey to get more ins