it is a subprime are gauged below 660. the data shows again and again that mortgages below 660 on a much higher rate of default than any other mortgage. that is a defining element of a subprime mortgage and something called an all-day mortgage and that came from the fact and where they called it to market agencies would not accept mortgages that had low down payment below 10%, for example were not mortgages that only required interest payments. they didn't decline -- they didn't make any principal payments as part of these mortgages. those kinds of mortgages would not ask that before 1992. it was only after 1982 they begin to accept the mortgages spirit and launch them both together and they called the nontraditional mortgages because the traditional mortgages was a prime mortgage, which over time and this is what i show in some of those tables, in normal times the traditional mortgage that is the prime mortgage at a default rate of less than 1%. when we gave up on prime mortgages and began to accept mortgages that were al

they've had the subprime lending and they then blamed us for it.people are always ready to believe the government is wrong. but that had a purpose. it was to absolve the financial community from the response ability so that they could avoid legislation to regulate them. >> well, i think we have time for two questions that i related. aside from hillary clinton, do you have any preference for a democratic presidential candidate, any hope for another. the related question from a different person is would you consider running on the same ticket with elizabeth warren for president and vice president? >> if we did and we won i cannot get the votes of the commonwealth of massachusetts. is that in the constitution director shall cast vote, one of whom shall not be from the same state as those electors. if she was the president should have the vote. >> e.g. change her registration? >> tax consequences. that is possible. here's the deal. jim has made the point how john mccain smashed his own record, which has some elements of distention by nominating a perso

built on subprime mortgages? i don't think so. it didn't really have the right weapons at its disposal. that doesn't mean there is nothing the federal reserve could have done or should have done, but most of those were from the fed's regulatory role as everything a few minutes ago. told the bankers to stop doing that rather than their monetary policy. >> host: professor blinder was anyone yelling the sky is falling? >> guest: by the time you got to september 2008 lots of people were yelling the sky was falling. i doubt any of them knew how badly it would fall after. but there are plenty of people issuing warnings. by then the housing bubble -- it is actually starting to go down by 2008. house prices already falling. that is why you didn't have to be that smart to start issue warnings because a lot of the mortgages were going to go bad if house prices went down. people would not refinance it. the securities therefore built on his mortgages will start going into default. he didn't have to be a genius in 2008 to see

and trying to put us back where we were with the subprime meltdowns and the crisis that was created. we have a lot of things we should be attending. to we have a lot of concerns that our consumers have out there. our consumers are concerned about jobs. and job creation. they're concerned about pay equity. they are concerned about homelessness. they're concerned that we have the housing to attend to those who have jobs that cannot afford to pay the price of rental housing. they're concerned that if they want to buy a home, that they will be treated fairly that they will not be gouged, that they will not be taken advantage of. we know, we know that when you buy a home you have a stack of papers this high to sign. we also know that if you're well off, you can get your lawyer, you can get your representative to read through these papers and help you get the best mortgage, we know that members of congress know how to negotiate, know how to bargain, know how to get the best loans, know how to shop around, but not all of our consumers are that fortunate. . not all of them are prepared and t

. ♪ ♪ cheryl: gear up for more subprime problems.e raising credit card limits for borrowers with bad credit. and these finance pros are warning this could be bad for all of us. veronica dagger, dominic and gerri willis. veronica you say this is a dangerous move by the banks. >> i think it could be because the people who have lower credit scores aren't as prepared to handle more debt. they don't have the financial resources we saw in the past financial crisis. people took on too much debt, and you can get in a really nasty debt spiral if you take too much and you're not saving enough. we have a lot of millennials not saving enough for retirement and who are also saddled with all this student debt. so they don't need to administer debt can. cheryl: oh, forget them, dominic, this is going to help the economy and the rest of us. [laughter] >> we saw some end recent data, and we were looking at the savings people were going to get from lower gas prices, right? and you would think they were going to take that and spend it. statistics that

for example, those people, those bankers who engaged in subprime lending and took those homes and drove them out of middle-class -- what is their name? 111 killings in three years in one area. what do you call those who did the killing when there was no camera? when you look at 30% unemployment, money spent downtown for the new baltimore and pension money and banking money. so you have, as brother bill says, you have downtown also mean brimming ultimo and then you have the rest of them. we need not engage in name-calling on that matter, but we do know that strategy does not work. we need to look at amy the commission report from 50 years ago. is is river radical racial divide and there must be some remedy, not just reaction. amy: reverend jackson, can you also respond to freddie gray's arrest? this issue -- this is according to the police, that he made eye contact with a lieutenant and ran away. that is what they allege. the attorney for the paternal order of police, the police union, said running in a high crime area is grounds for arrest. >> well, you know, it is interesting enough th

i'm not talking about subprime mortgages. i'm talking about student loans. they're the only type of consumer debt that cannot be discharged through bankruptcy. you default on your student loan repayments and can you look forward to poor credit, gar nished wages and more. but that's not fbs fright nij a group of student borrowers. they were defrauded. the first ever student debt strike. patricia sabga has the report. >> i felt exuberant. i was exalted. i felt happy. >> an associate degree from everest college in california. part of the for-profit education giant core cohinthian. not the career everest promised her. . >> they promised us that we would have a job in the field we studied in no more than six months. they said we would be getting paid above minimum wage. >> but horn said her everest degree commanded so little respect she couldn't get her foot in the door or transfer her credits to other college. >> i tried to go to fullerton and they said we don't accept credits from everest. >> she had nothing but $28,000 in student loan debt. >> do you think you

ratings to investment they say knew included risky subprime loans. >> jon: i just cannot place wheretensively

ratings to investment they say knew included risky subprime loans. >> jon: i just cannot place where i have extensively heard about systemic, just flat-out falsifying of information and cheating. >> loan officers would falsify customers' job or financial information so they could qualify for mortgages. >> the pattern of inflated appraisals and employees coaching borrowers to lie. >> jon: it will come to me... ( laughter ) i can't figure out... where pink floyd's "the wall." i don't know what that has to do. meryl streep? minus a "p." plus a cup of tea. i know wall street-- wall street! oh! it's wall street! son of a bitch! are there analogous rerns points between the atlanta cheating scandal and the wall street meltdown? hmmm. tell me again, what was the actual fraud committed in each. >> educators gave student answers. >> cook countrywide loan officer told her to claim she made more than twice her actual income. >> jon: so, both falsified information. >> test answer sheets were altered, fabricated and falsely certified. >> i saw people alter w2s and alter paystubs to make it appear

but those gains were soon wiped out as concerns spread over the issue of subprime mortgages in the u.s. then lehman brothers failed in 2008 pushing the nikkei downward. it tumbled below 7,000 hitting its lowest level in 26 years. the key index stayed weak due to the effects of the strong yen, along with the earthquake and tsunami in 2011. in late 2012 prime minister shinzo abe returned to power. some foreign investors began buying japanese stocks on expectations that his abenomics policy would get the economy moving. the bank of japan's massive monetary easing in april 2013 and additional easing in october 2014 weakened the yen. that helped improve the earnings of exporters and pushed up their stock prices. the nikkei 225 climbed back to 16,000 at the end of 2013 and to 18,000 in 2014. share prices have continued to rise this year as japanese companies report higher earnings, and investors expect the u.s. economy to improve. >>> we asked market analysts for their views on the stock rally. >> translator: share prices are rising on improvements in corporate performance, and the economy.

. >> i represent an area that suffered through the subprime mortgage crisis of the mortgage-backed securities. i am concerned about how fast these new types of rental-backed securities are going to proliferate. is there anything wrong with trying to make a profit? certainly not. but i want to make sure that residents are being treated fairly. that the impact on my community is not negative. >> how powerful are these new institutional investors, companies like blackstone? >> one of the big problems we have with the functionality of our government is that the ordinary person doesn't believe they have as much say as these big financial interests. and they're right. >> we have voted numerous times to weaken financial regulations, the dodd-frank bill, the federal consumer protection bureau has been the subject of many pieces of legislation this past year. i'm not able to get one single hearing on this issue. >> if you've got lobbying powers who lobby 24 hours a day 7 days a week 365 days a year on behalf of banks on behalf of issuers and no one protecting investors or the consumer, you got a probl

look at the auto sales market which you see is an explosion of subprime auto debt.ket. in some sense it's a warning sign that something is still wrong. the only way we can get higher spending higher consumption is by channeling credit to lower credit score individuals. at some point, that game has to end and then you know if auto sales falter who knows what will happen to overall household spending. >> it is a question about how the financial system works. if you think today about fico trying to extend credit to lower quality borrowers, even some of the moves that fha has made raising guarantee fees and that sort of thing, there's not much willingness to change some of the practices that got us into trouble in the sense that it may be different this time. >> the worry is, is there any way we can generate sustainable consumption spending without channeling credit through the subprime auto market we have a lot of people saying credit is too tight. at the end of the day, household income growth is pretty weak. so i think that's fundamentally the problem we face in the

erik: would you like in the student debt problem to anything that we saw with subprime? little bit, but let me phrase it differently. what i see in student debt and what i see in housing is a series of government policies over the years designed with all intended goals of increasing homeownership and expanding college education, but doing it through promoting taking on debt . having households take on debt students take on debt, and then the capacity to mass that debt was maybe beyond what was prudent. stephanie: but these delinquencies whether credit card debt or student debt do you see any trigger that will cause these people to get out of the position that they are in? when we look at subprime, those who are defaulting are saying, i am defaulting and it's not my fault. what am i going to do? and they were trying to pull themselves out of it. we look at the students who are in debt and say sorry, cannot help you. ed: i think what will help most students with student debt is to see continued strengthening not just in employment figures, but in real wages. real wages in

it would settle allegations misled comments with bonds tied to subprime mortgages. talk about something we can't believe there is something we're talking about. more hanging over morgan stanley at this point? >> jpmorgan was the first one targeted, mainly because it took over bear stearns and bear stearns was the guilty party what they did. i'm sure there is good civil case here. the question at some point, you know, when is it going to be not be fashionable to go back in time constantly and attack these banks for what happened in the past? at some point you got to say, you know, enough's enough. we beat the hell out of them for all this time. melissa: john? >> you don't want to forget also the reality years ago when the federal government pushed banks into making these high-risk loans. >> right. >> to these impoverished areas. it went on and never stopped. mistake on parts of banks and other. >> morgan stanley didn't make the loan. what they did was package them and sell them to investors. but that was part of the process. that was -- melissa: there is plenty of gu

around subprime. neil: not going to be these folks. >> well these folks are not -- just take it back to the 1930s what happened. people lost their homes, they closed up and drove out west and rented for many, many years. neil: how many years, more than 7. >> much more. neil: you're saying wait more than 7 years. >> i don't think the cycle of the credit crunch is over. and to jump in with all the deficits that municipalities have the government has and what's going on in the school system is not a good time to buy a house. neil: do you think, chris, looking at it that you would look, if you were a lender more severely at that pool of applicants? >> absolutely. the last thing i want to do is increase our rate of default or other problems. absolutely i would. if you flip it around for the person potentially sniff are around. we've seen housing affordability get better. interest rates 3.7, 3% for a 30-year mortgage. it's not going to get any better. you have the right scores, you have the down payments th

but growing car business and warranty and service plan business and a solid and very conservative subprimelending operation they're rolling out. they're not giving away cars to anybody that asks. now you know what they really does at the end of the day it isn't a classic textbook regional to national retail growth story. take a look at this map t. company currently has 145 stores? 73 different markets. at least locations mostly concentrated in the southeast, they have a tremendous amount of room to keep expanding also in philly. there are vast swaths of the country where the company doesn't have a single store. in many states they have one or two locations and need many more there are no regional differences than used cars. this model works everywhere which is why you may have multiple years of growth most retailers are already full up in this country. not carmax. in the last fiscal year carpacks opened 13 new stores. since the beginning of the new fiscal year they opened two more location management is planning to add a total of 14 stores this year which works out to nearly 10% used store

but they told us in 2008 and 2007 that the subprime crisis was contained so transitory, i don't know words means. >> passing, not lasting. >> if you're getting all in right here after 30%, 40% balance in the understood lying i think you missed -- >> but there's a difference between getting all in and having some position. >> getting so defensive here. >> i think that -- you probably had a good shot like weeks to pick the bottom. >> i think this is an unwind trade take longer than we thought in a liquid market but i don't think it's a trend change. i don't think we're going to see -- and this will come back to haunt me -- without a middle east headline, i don't think we're going to see $85 a barrel oil anymore. >> so for me, just to be clear, i'm not saying this is a long-term trend in oil, i think there's a chance for a breakout, you have multiple buyers coming in, there's a tail wind there so it's great breakout. i bought oil futures today so a leverage play on a breakout and then, you know, over the next couple weeks if that works i'll take it off and won't be in it anymore. >>> we

. >> can you do this with a lot of carriers, it's like the subprime market in wireless.u can't afford, if you don't have the credit to get a really good plan to begin with, or if you're really rich and you have a whole bunch of phones and you don't want to put them all on the same plan, sure. but for most people. for the main stream. >> it reminds me of the conversation we're having for ala carte versus video. >> we'll continue the debate. it will be interesting to see whether we get more details on exactly how this will play out. but finally apple retail chief angela ahrens discussing details of the apple launch in a video message sent to employees. in the video sent by a french apple blog, ahrens said allowing customers to order the watch online was a hard decision, but it was not a permanent one necessarily. take a listen. >> it's a new way of workinging it's a new way of doing things, it is not going to be forever. this is a unique time for us right now. but these two new products that we're launching. we love our iconic blockbuster launches that we do in the stores.

and those cuts will go into the other room next door, where they'll be broken down into subprimals.hey'll be packaged or shipped out as orders. >> so how much revenue will you do a year? >> uh, we should do about 50. >> 50 million? >> 50 million. >> that's a big business. how big is that electric bill? >> uh, about 30 a month. >> wow. a big business like this comes with big overhead. how much is your rent? >> about 32,000 a month. >> wow. there's rent and cooling cost averaging over 60,000 a month. there's union labor costs. there's seven delivery trucks. that's a lot of money being spent. but there's $50 million of revenue coming in, so i'm a bit baffled by the annual losses. this is almost a $50 million business, how much do you think you'll lose this year? >> about 400,000. >> how much is inventory at one given time? >> probably between 800,000 and 900,000. >> how much leaves here a day? >> 150,000 to 200,000. >> you're turning your inventory pretty quick. >> right. >> and so do you guys have any debt? >> right now our bank is lending us about $3 1/2 million. the fabricating room

and there's still a lot of subprime auto loans that are being bundled and sold.are are you familiar with this topic and is there any chance for reform? >> at the moment probably not because the appetite for reform is waning as you heard from the previous caller. honestly congress always reacts better to a crisis than preventing one. the problems you outline are auto loans and subprime is real as far as i'm concern. i agree with you. i don't know that it threatens the entire economy as the other situation did because it's not quite as widespread but it is a problem and i personally would like to take more action. i think the cfpb is doing that. but i do think congress could be a little bit more proactive. >> brian from michigan independent. >> can you hear me >> we can. >> not to be critical. the last time i got a question answered was brian lamb. the other times i'm hearing the potomac two step. i want to ask the congressman i read through the lobbying bills. now instead of getting into all of the things that your rules for lobbying, let's talk about two real qui

we've been averaging around 9% in the subprime space right now. in our own business model to do more. again, it's 9% on originations $40 billion a year. >> i know this is an issue. when i talked to people in the industry, they have told me this is not a prb o. this is not something -- what do you make of those starting to say is this a bubble. what would be bubbleicious to you thinking we've gone too far? >> sure. i guess we are all concerned about a bubble. so we invest in our technology and our tools and underwriting and our policies to try to make sure we don't have a bubble. we all own these assets so if there is a bubble we bear the brunt of those losses in our businesses. >> how many do you own? >> put them on our books. typically we're holding those assets all the way through. those consumers that we're making a bet on that they're going to repay the loan. our underwriting is about trying to repay the loan. >> there are really two issues in the debate. one is the bubble issue. i agree with tim. there's no sign of a bubble. over the last ten

you bail outled banks and the people who are victims of subprime and predatory spending. you have a case of 30% unemployment, and so you just have a combination of structural injustices and so we need to see hud come to town department of housing and urban development, secretary of treasury and labor and job skill training. this is time for the government to put for the a plan for urban reconstruction. >> let me ask you about the politicians. a very strong black caucus in d.c. and have represented these neighborhoods forever. have a lock on them politically. are they doing the job? let's start at the community level. is anybody making enough noise? >> yes or no. >> the they advocate but the power to transfer the funds are not there. you look downtown beautiful downtown the river front. money, pension money, banking money. all the financial stuff is in one slot. you have the ravens and orioles, but what it shows when the ballpark is empty tomorrow is whatever happens directly to one group affects the other group indirectly. you'll have an even playing field or no playing f

in general, number five -- paid more than tim cook but number two and number three are actually subprimemer banking executives. mark: "countdown" continues. ♪ mark: the i.m.f. 's lagarde warns she won't let greece skip any of the payments. caroline: miliband clashes in the u.k. election debate. media mogul richard desmond donates 1.3 million pounds to tuck independent party. mark: opening a new chapter in the saga. mark: welcome to "countdown." i'm mark barton. caroline: i'm caroline hyde. coming up, we'll talk about the business over the environment. 43 major companies are calling for swift action in climate change. that story sa little bit later. mark: christine lagarde warning she would not let greece skip a payment. >> we never had an advanced economy asking for that kind of thing. delayed payment. i very much hope this is not the case the greece. i would not support it. caroline: greece made a payment to the i.m.f. earlier this month. it must now pay about $1 billion in may. it is locked to its creditors. their finance minister said he was willing to compromise but he would stand fi

take on eric holder, he did not prosecute a single prominent banker or firm in connection with the subprime mortgage crisis that nearly destroyed the economy. duane, what do you think? caller: you displayed all of his accomplishments. what more can he do in six and a half years. it amazes me. americans can jump on one person . host: henrietta, illinois. good morning. caller: hello. good morning. i disapprove of eric holder. i think he is a crook. he did not prosecute --. he did not bother anyone. he lies. he lies. he lies. gun cartels, he lies. fast and furious, he lies. host: sheila, georgia, what do you think? caller: hi. i have really wanted to talk to you for a long time. i have one question for you. peter sons -- have you heard from them? host: no. an older couple who used to call in together. if they are listening, let's hope they try to call in or get a note to us. caller: anyway, about eric holder, i approve of him, but they are going on the wrong promise here. they are going on the wrong premise. what has to be changed is the laws. it used to be back in the day, , your tail light i

there are lots of other ways to see a financial crisis without it repeating from subprime housing orcial balance sheet. tom: one of the ways to see it is old world analysis. let's look at somebody else with a non-american framework. as the euro weakens, external accounts in periphery countries' external accounts have swung from deficit to balance and increasingly to surplus. the ecb's monetary policy will take on an increasingly beggar thy neighbor cast, leading to trade and currency tensions with the united states and other trade partners." this really plays into the -- to what mario draghi wants. jeffrey: it does. the others have not been benefiting to the point, to the same degree. looking at aggregate data, you are seeing a big surplus coming on the heels of germany and german power exports. it is more the collapse of the import side. tom: i have the 10-year german under .17%. can germany give up a german-centric view? jeffrey: i am not sure they will be able to give that up. they have an incentive to give up the view. olivia: can i ask you quickly about the u.s. economy? the atl

we're not exactly back to the heady days of subprime but the credit door is opening just a crack. of these i had no idea about this equity key. dianea diana, stay there. >>> home ownership in the first quarter of 2015 dropped to nearly 64%, the lowest in 25 years. what's happened to this american dream? a real estate attorney joins us founder and director of the carnegie group, a florida-based think tank. let me start with the point diana was making about you this niece financing option. didn't there used to be a prepayment for paying down your mortgage early? >> yeah. we used to have some loans with prepayment penalties because that's a risk for the lender but if these cases with theoretically higher risky loans they want to turn the loan money. they are looking to reimburse that quicker. the thing is though these types of loans are not available for average americans. they tend to be available again for folks who often times don't even really need the money. very few people actually have $50,000 around to pay down a home equity loan. so in terms of these as examples they're not

so we're not exactly back to the heady days of subprime but the credit door opening just a crack.metimes they work sometimes not so much. >> history repeats itself. >> interesting day to wrap up the month, the markets on the plus side but not today as they're red numbers against the dow, the nasdaq and the s&p. that, folks, does it for the first hour. >> indeed it does. brian sullivan back in the house. over to you, sir. >> all right, thank you both very much. it is nearly 2:00 on wall street lunchtime in vegas. the dow down nearly 100 points but it is still up under 1% for a gain. about 0.9 of a percent. the dow has not had a down april since 2005. oil higher on the session, near $59.50 a barrel. melissa at the nasdaq where apple, melissa, is becoming a big mover and maybe a big story as well. >> it is a huge weight here on the nasdaq. we are just about a point away from session lows right now. apple, as you can see there, down by 2.3% on reports the new apple watch could have a major flaw. "the wall street journal" citing sources say apple found a defect with the watch's taptic

just like subprime borrowers in the financial crisis, many looking to purchase manufactured housing were convinced to take out high-cost loans because they were sold false promises that they would be able to refinance to lower rates in the future. former clayton sales people have blown the whistle. they are coming forward and are talking and have attested that they have pressured customers to use clayton affiliated financing even if it wasn't the best deal and some even received kickbacks putting customers into more expensive loan. h.r. 650 would allow abusive lenders to charge up to nearly 14% interest before consumer protections were triggered, more than four times what the average borrower is paying on a home loan. there's not one people of congress who would pay or is paying 14% interest 12, 13, 11% interest. this is outrageous. in the coming years, this number could very well grow to 16% 17% and likely 18% as interest rates rise back to normal. and even worse, the bill would also make it legal for clayton sales personnel to steer borrowers towards high cost loans, loans from other p

periods of bear market rallies and really nice things that happened to make people feel good about subprime2007. but they were short lived. i think in the near term look at canadian stocks for example. we are looking at canadian stocks say versus u.s. stocks or other stocks around the world from a market cap perspective to gdp. you're talking about a country that's very very rich relative to the challenges that canadian equities face in terms of these cutbacks and cap-x cutbacks that are coming at the most companies -- many companies in the canadian industry. so i think this is really a rally within a bear market in terms of the difficulties that canadian equities are facing. >> larry, thank you. jackie, thanks very much. >> of course. >> appreciate it guys. >>> ten minutes to go until the close. keeping the eye on the impact crude's having. but consumer sectors are leading the way despite the fact that crude has been on the rebound. perhaps a little bit of a good sign there on both fronts for people bullish on both sides of that trade. >> discretionary has been the place to be. one of thos

do but by sort of this black box idea of all these different things that the company got and even subprimehe company got into. you don't think it got out of control at that sense? you think it's fine for the company to be half industrial half financial. that's not necessarily a bad thing? >> i don't think it's a bad thing necessarily. when welch and i were around we maintained it to a certain percentage of ge's total earnings. so recognizing it had a lower multiple than the rest of the industrial businesses. nonetheless, of the mind there could be a significant contributor if contained and managed appropriately. it worked well for years. it didn't in this decade and so what they announced today is appropriate for the times, but nonetheless i look at the history with mixed emotion. >> how about the use of the proceeds from it? would you -- you think there are things that as an industrial company that ge should be, you know scouring beating the bushes for things to add to its number one or number two positions in the markets that it wants to be in? or does the buyback -- is that a good thing

and that there is still a lot of subprime auto loans that are being bundled and sold.ou familiar with this topic? as do think that there's any chance this could be reformed? guest: at the moment, probably not because the appetite for reform has waned. honestly, congress always react better to reacting to a crisis, rather than preventing one. the problems your outline on auto loans is real, as far as i'm concerned. i agree with you. i don't know that it threatens the entire economy because it is not quite as widespread, but it is a problem and now like to take more action. i think this efp -- thecf -- host: brian in michigan, in independent. caller: hi, can you hear me? host: we can. caller: not to be critical, but the last time i got a question answered through program was when brian was hosting. all the other times, i have heard the potomac two-step. so i am asking the favor from you. congressman, i ran to the lobbying bills. instead of giving it to all the things -- your rules for lobbying, let's talk about two. my suggestion is that all lobbying has to be done in th

on the financial front, he did not prosecute any prominent bigger or firm in connection with the subprimeortgage crisis that nearly destroyed the economy. these are not accomplishments to be proud of. duane in jamaica, new york. what do you think of eric holder's legacy? caller: i approve of eric holder. you just a slate on the screen that all of his accompaniments -- just displayed on the screen all of his accomplishment. what more can this man do in six and a half years? you expect him to change a whole and entire country and one snap of a finger? it is unreasonable. the colors are being -- callers are being unreasonable. it amazes me how americans can jump on one person and think one person can change the whole entire world. thanks for listening, steve. host: henrietta and illinois. henrietta, good morning. caller: hello. good morning. i strongly disapprove of eric holder. i think he is a crook. he did not prosecute for the -- scandal. he lies. then cartel. he lies. everything he touched, he lied. he and obama are cut from the same cloth. host: she love from georgia. what do you think?