shaun donovan announced the plan during a speech before hispanic real estate officials.question if the administration # # looking to use taxpayer money to shore up the hispanic vote for the mid permanents. mary kissel has questioned this and joins us now. so $5 billion affordable housing. sounds like a great thing. it will help people with housing. what is wrong with that? >> this isn't new. the department of housing has been doing this for years. this is what brought us the housing bubble in bursts. affordable housing means how can we take taxpayer r. payer money and give to people who otherwise couldn't afford to buy a home. that gets people into homes they can't afford and taxpayers pay the price. >> we've seen that movie before. look what happened 2008. have they learned the lessons from that? >> it's not just 2008. after the housing bubble burst, something called the federal housing administration which is another big government taxpayer backed mort it fwangage insurer broke. so we had the subsequent bailout the of yet another government agency. and this speech that

with all that has happened in washington in recent years, what makes shaun donovan crazy enough to think that we can get a bill through congress? what i would ask you to remember is that housing has always been an area of common ground in our country. president truman and senator taft worked together on the housing act of 1949. ed brooks and walter mondale worked together to produce landmark legislation decades later. last year, we saw bipartisan progress in congress on this issue. it is time for everyone to come together and make housing finance reform a reality. last august, the president outlined a series of principles that he believes should be at the core of our housing finance system. three of which i want to focus on today. the first is that private capital needs to be at the center of our system. we all know that our current conditions where the federal government guarantees more than 80% of mortgages in this country is simply unsustainable. the risks and rewards of mortgage lending have historically been in the hands of the private sector and need to be in the future. how do we

with all that has happened in washington in recent years, what makes shaun donovan crazy enough to think that we can get a bill through congress? what i would ask you to remember is that housing has always been an area of common ground in our country. president truman and senator taft worked together on the housing act of 1949. ed brooks and walter mondale worked together to produce landmark legislation decades later. last year, we saw bipartisan progress in congress on this issue. it is time for everyone to come together and make housing finance reform a reality. last august, the president outlined a series of principles that he believes should be at the core of our housing finance system. three of which i want to focus on today. the first is that private capital needs to be at the center of our system. we all know that our current conditions where the federal government guarantees more than 80% of mortgages in this country is simply unsustainable. the risks and rewards of mortgage lending have historically been in the hands of the private sector and need to be in the future. how do we

in a moment, have written a letter to the department of housing and urban development secretary shaun donovan asking for an investigation saying "we fought too hard for these federal disaster recovery dollars to stand by while they are recklessly mismanaged." so far they haven't had luck. reporters on the phone with ferzan haven't had luck. new jersey lawmakers haven't had luck. if you're out there and work for the state of new jersey or hgi or one of its subcontractors and you know the answer to the simple question, why was hgi fired and why was it kept quiet? drop us a line at allinwithchris@msnbc.com. the answer might even reflect well on a christie administration that's doing its darnedest to try to be responsive to its citizens. but right now, just like we don't know why bridget kelly ordered traffic problems in ft. lee, we just don't know why the state fired its biggest contractor overseeing sandy relief funds. joining me now is heather haddon, reporter for "the wall street journal" who's been covering the story. now, heather, before we went on air, dca sent us a statement. basically th

shaun donovan says freddie mac and fannie mae must wind down in their current forms and that the government backing of home loans which is currently at 80% is unsustainable. fannie and freddie don't originate loans. secretary donovan spoke at a conference hosted by the national association of hispanic real estate percent taxes. he spoke for about 25 minutes. >> thank you so much for an incredibly generous introduction. in particular, i want to say thank you for your tribute to ernie. i know i am joined by all of you here. outgoing president juan martinez, all the great contributions he has made. your incoming president, jason madiedo, on his new role. i also want to acknowledge that two great friends, henry cisneros and brian montgomery, are here as well. let's give henry a great round of applause. brian. [applause] all the board of directors and, in particular, gary acosta who has just given remarkable service over so many years. i know all of us join you in remembering the great life and the great work of ernie reyes. i was deeply saddened to learn of his passing over the weekend and i fi

and then maybe not as driven by the environmental issue but that they asked shaun donovan and the secretaryto set up this task force. and very quickly we got to a very strong focus not just on recovery and rebuilding this for today, but really for tomorrow. and that puts the issue about resiliency and vulnerability and climate change. in a very short focus. and we had agencies come together with kind of a neat little web-based tool about looking at the impact of sea level rise on the floodplain in new york and new jersey. so to take the fema flood map and give a very powerful visual tool to see what you look at, what the coastlines of new york and new jersey will like. and it helps to guide all of the agencies in this includes money for rebuilding. and this includes block grant money that has assistance with communities after this. conditioning that on using these projections when we are rebuilding. and we have this drinking water plan in place that we know is going to be part of my home in miami. >> let me ask you about renewables. the president made some pretty important commitment on goi

ofwas fema's director external affairs and secretary shaun donovan's chief of staff at hud. baghdadf car bombs in has killed at least 33 people. all of the attacks were cars are near commercial areas and bus stations. killed 17bombings people and wounded 49 others. the iraqi ambassador will deliver remarks later today. c-span is covering this event. those are some of the latest headlines on c-span radio. spot tonted me in that know if i could handle it. and secondly he wanted young coming toboth races the supreme court as they all do by the hundreds and thousands and somebody said, who is that man up there? somebody said he was just -- but he is a negro? he wanted that image. >> thurgood marshall was in the johnson administration. c-span radio concludes it serious with former supreme court justices friday at 4:00 eastern online at c-span.org a nationwide on xm satellite radio channel 120. >> c-span. we bring public affairs events from washington directly to you, putting you in the room at congressional hearings, white house events, briefings, and conferences, and offering co