bank for fraud tell us about sun trust the agency short cut mortgage and how this fraud operated sure max you know that this is. that i've been watching for over a year now and i think it's almost as big as the library scan that you've been talking about for quite a while now centrist bank is a midsize american bank used to compete with countrywide and wells fargo and whistleblowers have come forward now and submitted a claim to the bank's regulators and said for at least two years from two thousand and six to the beginning of two thousand and eight they were literally cheating and manipulating a direct lending system into fee enemy the enemy is a government sponsored bank and buys wholesale mortgages from banks right the one that was spelled out for hundreds of billions of dollars. so the f.c.c. is currently sitting on information that billions and billions of loans were sold to fannie mae as prime is really you know good loans but they were really all tail loans and now these billions and billions of loans have been defaulting prime is really you know good loans they're not the only

because i used to work with and have clients of executives at sun trust when they were embroiled in massive banking fraud and scandals back in the eighty's so this is a story bank that. you know it seems a break will break the law you know going to the bathroom we can't seem not to break the law they're famous of course for their relationship to coca-cola their coca-cola bank they took coca-cola in one nine hundred nineteen they just sold off erast of their coca-cola shares last year presumably to pay for more cia investigative criminal activity that they sponsor can some trust now survive without the coca-cola stock and without the funneling it's fraud to the taxpayer so they've gotten rid of that it's a good question yeah they got rid of their so. they did that last quarter max to help them make their earnings look better ok so they don't have any more coca-cola stock to sell right they just added on another four hundred million of they com put back requests from the seas right so. what are they going to do here's something interesting i was looking into some old stories in two thousand a

. >> is there a dividend from sun trust b of a thatky collect a dividend on? >> spot on. that's the real story coming in the spring. citigroup, bank of america, regents and sun trust. >> they'll tax it at a higher rate. >> at least they're taxing something as opposed to hog. they certain can't raise them. so you think all three banks as a result of the upcoming stress tests will be able to do what, buy backs and dividends? >> i think there's a very good probability that all four, sun trust, reregents, bank of ameri and citi will be given the opportunity to both raise their dividends and buy backs. >> we'll have to run, but i've been a little bit of a mergers guy. do you think that we'll see any consolidation in the financials in the new year? this past year or two, it's not been a lot. a lot after the crisis. >> you're absolutely right. you go back to the early '90s when there was massive consolidation, we haven't seen it yet. we will see it, but you you said in the new year. i don't think we see right off the bat. we need who are cost pressures to drive it which is proba

i think particularly for the banks that got rejected last year like citi and sun trust. i think they're going to be able to push the edge of the envelope. the fed may push back. it will be give and take this time and a much smoother process. i completely agree there's plenty of capital in this industry. buybacks and dividends. we talked about it last year. we didn't get what we wanted. i hope we get more this year. i expect we will. >> one bank stock you would buy right now, anton. >> i would buy citi right now. >> all right, guys. great to have you on the program. thank you so much. we appreciate your time tonight. see you soon. really appreciate it. up next, mixed signals at jcpenney. we're going to tell you about it. the retailer is mailing a letter to customers explaining its shift away from coupons. get this, the letter has a coupon attached. this is no joke. it's real and we'll discuss what's going on with an analyst and our own herb greenberg in a few minutes. stay with us on that. >>> up next, the white house reiterating a threat today to veto any bill extending

sun's up already. >> where? >> it's out there, trust me. still got a lot of work to do to get the temperatures up, right, tom? >> indeed. the sunrise was about a minute and a half ago at 6:40. right now 6:41. a lot of cloudiness obscuring the sun across northern virginia, the district, and maryland. there's the view from space. where it's clear farther to the south and southwest, it is cold. those areas in dark blue are in the upper 20s to right around freezing. that includes the shenandoah valley and the blue ridge into the mountains. low 40s on the tidal potomac at reagan national. hometown forecast, rockville at 8:00. cloudy. sun breaking out for the lunch hour. mid-40s by then. for the entire region hour by hour today, we'll have the winds a little blustery, gusting to 20 to 25 miles per hour later this morning and this afternoon. highs reaching near 50 degrees. a strong coastal area of low pressure, a coastal storm may give us rain, wind, and snow. i'll have the details on the timing and the latest thinking on that coming up in about t

saint benedict team has sun mitt submitted the proposal to break it up into four different companies. that would be credit cards, retail, investment banking as well as the trustusiness. so could citi actually split at this point? >> basically undo everything that they did. >> yeah, exactly. they cobbled together a giant financial supermarket. >> that sandy actually benefited from. >> and sandy actually denounced later on. >> split off the travelers side of that business, because at one point, when they put those together, that was part of. this. >> i would say. this i've talked to people -- city is going to earn close to $4 a share this year. i think four and a half or so next year. i've talked to a few people who think the number by 2015 is going to be anywhere from $8 to $9. so even if you put on a seven or eight multiple, this stock is cheap here so. if you believe this is just a correction here and this is just a pause in a larger bull market, i think that city, for the number of reasons you've just given, is a pretty interesting play. i don't happen to believe that. i think the banks are scary here. >> fiction? >> i'll go fiction. it's too hard to take t

trust. rain and mountain snow northeast all airports open there warm weather around dallas, 50s around seattle and portland, flight arrival delays just announced into sfo, nearly 70 minutes. >>> the sunwill come out tomorrow. today on katie one of the most be loved musicals of all time annie is back. katie sits down with the new broadway cast. katie at 3 p.m. right here on abc7 >>. i would bet my bottom dollar on that. >>> this morning the t-shirt worn by sergio romo during the parade is still getting lots of attention. a message on the front read: "i just look illegal." the 29-year-old is an american, born of mexican immigrants raised in a small southern california city near the border. he celebrated the bay area's diversity in his speech saying, if there is one thing i can say about this team is we are a great example of this city. >> the diversity of this city. >>> new video shows abandon jeep on top of a 14 foot border fence this happened tuesday year yuma, arizona border agents suspect smugglers tried to use the ramps, they tried to free the jeep but ran when agents approached. agents didn't find anything in the jeep it is believed they ran off with whatever drugs may have been

sun glasses to keep the wind out. no no problems of either security or transparency are thought to exist nor are we forbidden to enter public buildings. many beloved and trusted professors cover their faces all year around. surgery, dentist, american football players skiers. the latter wear a full face covering with slits for the eyes. similar to the -- that's a wide spread view in the u.s. and europe. i can say is that if i were a terrorist in the u.s. or europe and if i were not stupid, the last thing i would wear would be a boka. criminals usually want not to attract suspicious attention. i think i would dress like martha in the winter. a down coat, hat down over the eye brows. extra hood and large sunglasses and a indian shawl wrapped around my face. never the less, i have never been asked to remove the clothes in a department store, a boutique, a public building or in the bank. in the summer if i were intelligent i would wear a big floppy hat and i would carry a big hand big. that is what a smart terrorist would do and those are the ones we need to worry about. so what do to scare do about the threat that bulky and nonrevealing clothes creates? airline s

sun morning >> what's the mood you're trying for there? >> relaxed. elegance, i guess. >> osgood: rit a braver talks with actor richard gere. know that when it comes to your investment goals, northern trustprocess. adding precision to your portfolio construction by directly matching your assets and your risk preferences against your unique life goals. we call it goals driven investing. your life has a sense of purpose. shouldn't your investments? ♪ expertise matters. find it at northern trust. woman: oh! tully's. how do you always have my favorite coffee? well, inside the brewer, there's a giant staircase. and the room is filled with all these different kinds of coffee and even hot cocoa. and you'll always find your favorite. woman #2: with so many choices, keurig has everyone's favorite. i just press this button. brew what you love, simply. keurig. >> sunday morning's moment of nature is sponsored by... >> osgood: we leave you this morning near cape canaveral florida where everyday is a feasting day for wild pigs. >> osgood: i'm charles osgood. we wish you and yours a happy and bountiful thanksgiving. i hope you'll join us again next sunday morning. until then, i'll see you on the radio

trust me, i saw it, it goes for miles. you're watching "morning joe" brewed by starbucks. >>> 21 past the hour. a live look at the white house. the sunme up over washington. joining us now from the white house, nbc news chief white house correspondent and political director and host of "the daily rundown," chuck todd. also columnist for "the washington post" and msnbc policy analyst, ezra klein. good to have you both on board this morning. chuck, let's start with the new nbc/"wall street journal" poll. the president has a three-point lead within the margin of error. that's down from a six. point edge just two weeks ago. you want to stop there, or should i go on with new hampshire? >> reporter: go ahead and do all three. >> let's go to new hampshire. president obama, mitt romney also statistical high a month ago before the debate, the president held a seven-point lead there. and let's take one look at iowa. the president is ahead of romney by six points. outside the margin of error, but a drop from his eight-point lead earlier in october, chuck. >> reporter: well, obviously, i think the one poll that sticks out is iowa. and that's the