to the crisis. >> so what is securitization? >> securitization is a financial tool. the bonds are backed by assets that have a cash flow. so anything where there are monthly payments coming in you can securitize. so when a tenant sends their rent check each month to their property management company, fees are taken out to pay for property management and other... other related fees and then what's left over is sent to the bond holders. >> mortgage securitization other kinds of securitization got really..., took a huge hit during the crisis yet you have this pent up demand... now you have this pent up demand to invest in those kinds of vehicles so lets create a new one. >> do you think securitization poses... rather creation of rental-backed securities pose the same risk as mortgage-backed securities? >> no. absolutely not. i think that mortgage-backed securities were much more complex. this is very transparent very straightforward and it's bringing a lot of players into the market. >> the first rental-backed security was introduc

there are advantages to securitize asian. -- securitization.banking point of view there is regulation against securitization. we have to overcome that. the hill report states that securitization is a good thing but it has to be policed well. it has to be securitization in relation to not just, if i might call it, subprime property assets. guy: right. where do you see this going? as you said on this side of the atlantic, we have one model. the americans are completely the other way. do we want to go as far as the americans or do we want to find a middle ground? allowing the banking channels to operate, it is good and financing certain kinds of businesses. but and praising the capital markets union to allow a more balanced approach? sir bischoff: there are advantages to using a banking channel. you have a relationship. it is quicker. capital markets, there are all kinds of documentation needed. if we have an aim, we should aim to get to 50-50 rather than 50-70. i think it would be seen as a triumph if during this european parliament we might incr

don't corral them or securitize them, let their imagine nation run free.you know, having been on both sides of the divide, on the government and the private sector side, i understand that government should and will pull back if these people move forward with their projects. >> i want to get back to what came out of the haka tho. we have a minute less much give us examples of the four great ideas that emerged. >> in 60 seconds, there was a project trying to get inspirational narratives about islamic identities to young people br latching to politicized versions of islam. and a second was crowd sourcing efforts to do constructive things to muslim communities, pulling people away that want to help people joining jihadist groups. the third was come back to us, a project leveraging family and friends, to get them to try to lure loved ones back by showing how much they are valued in communities of origin. the fourth was a project allowing people to find people dabbling in extremist media and get like-minded peers to reach out to them and talk them down off the l

it adds they are undermining the political transition in yemen and threatening securitity and sovereigntynd den ounces the withdrawal from government offices especially in sanaa. more from gabriel elazondo. clearly an escalating situation in yemen right now gabe reyell. what more can we expect. >> the u.n. officials are meeting in the execute council chambers right now. the meeting is expected to kick off in the next few minutes or so. we could hear from several things. number 1, there is a chance we could hear from the secretary general's special representative. he could be briefing the security council members via video conference, but we are not sure if out thats going to hatch or not. if it does it will be interesting to see what he has to says. we are expected to hear from represent tichz from qatar, trying to push some sort of resolution of the crisis in yemen. also, we are expecting as you mentioned a they will present statement by the statement of the security counsel. we have that draft as you mentioned we went through it. there are several interesting points to it. a couple part

brief them on the agency's investigation into twof itself agents who allegedly zbrooef a white house securit barrier after drinking at d.c. bar. we're told th director joseph clancy, willeh members of the house oversight committee who the last week said that allegation is quote, extremely serious. congression sources also say clancy is expected to ask a separate house panel for a major budget increas the agency the subject of controversy lately a fence jumper, sourc tell us the director wi ree a budget increase of a quarter of a billion dol nar at least in pa because it's a presidenti electi year and candidates ud protection. no mmt yr the agency, but maryland congressman elijah cummingsho helps oversee the secret service tells us the agency is starved for resources and that he would support a funding increase. doreen? >> scott cfar thank you. >>> a departnt of state counterterrori expert who was charged in virginia last no with soliciting x from a minor is now facing new charges. daniel rosen i accused of videotaping me without their knowledge as they undressed. news4's mark es has the late

>> it's not a question of whether we do some form of securitization for the chinese assets.re of a question of where. we're concerned that the assets inside china are not well understood yet in the u.s. market, and the valuation that we would get for those assets would not be as good as if we listed in an asian market such as hong kong or china. >> talk to us also about the timing of this yieldco. plenty other company have either announced plans like first solar and sunpower with a joint yieldco or one that is coming that will have emerging market assets. is there a sense that the time is now to capture this investor attention and is that a factor in deciding what assets go into the yieldco that will come to market from canadian solar? >> yeah, i think that the market has realized that solar projects are quite valuable assets. they provide predictable and very good returns into the future. yieldco is simply a method of lowering your cost capital. so you can be competitive with who are natural customers to date that are buying the projects. so we would hope to do this as soon

bank of scotland trader is guilty of a fraud scheme with a new threat of a government probe of the securitized. matthew agreed to cooperate with prosecutors. he participated in a multimillion dollar scheme to cheat customers who bought and sold bonds. you can find more at bloomberg.com. anna: you can join in the conversation on twitter. that is where we are. coming up on the program, the greek finance minister accuses the ecb of asphyxiating his government. anna: let's talk about europe. greece searches for a bailout deal. equities are at a 10 year high. we are joined by kevin. good morning to you. good to see you. u.s. investors might be stressing about a strong dollar and what it does to profits of u.s. companies that export a lot. does that mean that we will have a veritable of grade? -- upgrade? >> the currency has moved. if you look at the impact on company profit it should be significant, not just in translation. transaction, as well. this time last year, we were getting currency that was rising and depressing european growth to some extent. it will help european growth and exporters, le

to the experts whether his security needed to be tightened adding that the state department has a securiteview that it's in the middle of right now. >> peter, thank you very much. those were deep cuts especiall the one to his cheek that he c smile so easily and speak so well is amazing. >> he seems to be doing pretty >>> investigators are looking into the train accident. the latest was caught on tape north carolina. an amtrak train carrying 200 passengers plowing into a truc on the track. >> reporter: csx railroad is on the scene and reconstructing t entire crossing guard apparatu here. this is what happened. a truck was stuck right here o the intersection when this massive amtrak train came barreling through. all of it caught on video. >> from her car near the track leslie cipriani captured on i havediot moment of the train's >> oh! >> reporter: an amtrak passeng train plowing into a trailer that was stuck on the tracks. >> oh, my god? >> the crash was so horrible. it was the worst thing i've ev >> passengers onboard describe a sudden crush on impact. >> my chair jolted me and i we flyin

you know as you approach your destination, in this case discussle door discuss dousele dusseldorfe securitit and who comes in in most cases, a flight attendant will come in so that there are two people in the flight deck. as far as was this required of this operator? the information, the research i've done it's got conflicting information, so at this point i don't have that resolved yet. >> captain john cox, thank you for your perspective having flown this very plane. thank you. we have a lot more here on "today" also on nbc news.com. some of you will be returning to regularly scheduled program. for the rest of you, there is more of "today." . we continue now 8:10 on the east coast on "today." we have been following this breaking news overseas. this disturbing story that a pilot put down this commercial plane on purpose. >> no question. there is a big story. here is a threat of more severe weather after a tornado is down in arkansas and other places oklahoma over the last 24 hours. >> fortunately, nothing quite as severe as we had been seeing over the last 24 hour. at least seven tornadoes