loans submitted through one of the agency automated underwriting systems are not subject to the backend 43 dti. the same loan of nonagency would not be safe harbor. i would argue nonagency loans should receive the exact same treatment, and the so-called patch which was only temporary. neil budde and clinton can't in the same fed report noted we cannot overstate the importance of the patch given the fact that 33% of african-americans had backend dti's over 43, while whites have 20% above 43%. although the patch affects african-americans, the issue is true for the front end of the housing reduction. women, women don't earn as much as men. and whether cut always comes chance to disadvantage more women than men. young people, newly married people. with this much disparate i think we need to consider extending the so-called patch to the nonagency market, we're going to have a nonagency market. further, there's no justification to push loans outside of safe harbor. loan limits are going to be reduced, we believe, in may. well, what are we going to do with these loans where now pushing out of

wiki pedia would be to alter what makes a wiki pedia so successful so it really just comes on into the backend that they really have to to really do more checks and balances on i guess you can set some balance that would compete it has to find their what what does this sort of behavior do to the internet i mean we compete is a fairly truslow source i mean we're told not to use it for college papers or scar scholarly articles but by and large it's a beneficial tool for society what happens if we lose it and i think i think it would be a tremendous loss of wikipedia was to was just disappear i don't think that's going to happen anytime soon definitely not because of this issue when it comes down to it though i mean these would be pretty articles being changed i mean if you're writing you are your paper on our french renaissance art you're really not to worry about this the information will most likely be accurate the information of the watch out for are these companies or people who have some sort of monetary gain or loss from certain types of information getting out there and those are the type

they knew the backend database already. they knew the people involved.rms of the contracting process. that's the way a lot of federal contracts are awarded. it's the company that knows the most how to work that process. >> the insider? >> absolutely. it's not just isolated to this project. it's a system wide problem. ultimately, whether it's the contractor's fault or a subcontractor's fault, ultimately, the government is in charge of making this thing successful. and this website is a critical part of the signature achievement. and my mind is blown that it has gone this poorly. >> do you hold the president account bible in any way? >> i do. yes, i do. and i hold kathleen sebelius accountable too. >> do you want her to leave her post? >> i don't know if i want to go that far, but it's a reasonable question to ask, though. this is the first entryway for millions of americans to buy health insurance. it is mission critical. i thought this president, as well-run as his campaign has been, as tech savvy as he is, would have this thing nailed, that it would be

that money would almost entirely fund the higher education at the backend. ince social insurance model like social security but for education. the second way i'm going to increase your taxes i'm going to have another line item in your taxes for a public works fund. because a huge number of people who thought they were in vulnerable to unemployment found the 2008 the jobs were not secure. they lost their jobs or they lost their hours. they ended up with 14 million people unemployed in millions more jobless not even looking for work anymore. and we spent tens of billions of dollars through the stimulus the american recovery act basically indirectly trying to prop up the labor market and it may be saved 3 million-dollar -- 3 million jobs. we want to create a foot public works fund that makes a pool of hundreds of millions of dollars. to be released in the event of unemployment emergency so that money is there. we have already funded it through a tax lien and the same way you by houston fire and car insurance. we have already thought a universal public works insu

but given that the backend systems are not working, and insurers have resorted to manually enrolling people one by does notink the system have human resource capacity to enroll the numbers being protected here. i assume the people holding off are the young and healthy. so the risk pools in these exchanges are not going to align with the projections. i think not only are we going to miss the enroll a target. there going to miss demographic makeup as well. that will be important to have a functioning system. if the demographics are wrong, and there are not as many young people enrolling, what happens to premiums? >> the premiums are locked down for 2014. obviously, the next six months of and roman are critical. i will remind you that enrollment does continue until march 31 of 2014. the massachusetts experience was very slow initially, and it ramped up over time. we expect the same type of projections. >> but it does not look like you are even meeting your own projections that you had prepared. >> i had not listed any information on enrollment. i feel like there are assumptions you are m

have terrible performance issues coupled with complete non-understanding of what is going on in the backendnd people pointing at one another over what went wrong, i have never not see that as well. i say start over. let's get this to the users. government can do websites. if you take a look right now, they tell you exactly how to do it. government and contractors can do this, they just did not do this. connell: we will check back with you on this. thank you for coming on today. >> thanks a lot. dagen: a lot of these government websites look like stuff that was built in the 90s. it is exactly the same it has been for more than a decade. connell: there are some examples in his view. he does this for a living. more uncertainty out of washington. do not expect the confirmation hearings for janet yellen to take place until at least the middle of november. republicans critical of the policies and could attack her as a proponent of the stimulus plan. dagen: phil orlando is chief equity market analyst. you already have uncertainty. if this hearing is delayed, what does that do to the market? >> the

further to the next step, so the risk-sharing that we have in place today or that's been discussed on the backendmoving it up to the front and i think will allow the lenders to come into the picture for a more competitive and on and leverage a platform that's really already there. >> i remember we were in the meeting and you centered on the up front risk-sharing as a good step today. any of the steps you would put first? >> i think very short term, the issue of very tactically we have the issue of fannie mae and freddie mac security price differentials and what that means for the marketplace. i think the moves itself into many of the solutions that are being talked about in congress, move towards probably a more simple business model where you have a single security and separate from a single city concept you have the securitization platform as a basically technological means. the work towards solving the here and no problem of differential security pricing and what that means, moving towards this notion of a single security that all issuers basically we deliver into. >> do you think we could mov

somewhere stuck in the middle if you have given people preventive services or so going to be on the backendof the catastrophic coverage? the other end of that is if you think about there is more than one choice here in terms of an economizing consumer purchaser. there is a choice with regard to the type of treatment you might want to have rvu go to. or more of the front in services. that is the health care treatment choice. when choice. when do i go where do i go and who do i go to? there's another decision where this is just too big for me to handle. i've been major chronic illness or a more catastrophic situation and that is what you want to be careful about in terms of how you select your insurance plan. what does it really mean when it's in someone else's hands? have i handled a bit of the preliminaries regarding what they are going to do in a general sense? there is an older proposal which straddles us a little bit by extending that corridor of decision-making. david you have a high deductible and 12 and la-la land nothing else goes on in your covered by someone asked. the proposal cal

. >>> but i think given that the backend systems aren't working and the insurers have resorted to manuallyby one, i just think the system doesn't literally have the human resource capacity to manually enroll the numbers that are being projected here. i assume that many people are holding off are the young and healthy. so the risk pools in these exchanges are not going to align with the projections. we're northwest going to miss the target, it appears that we're going to miss the demographic makeup as well. and that's important to have a functioning system. if the demographics are wrong and there aren't as many young people enrolling, what happens then? what happens to premiums. >> i think the premiums are locked down for 2014. so obviously the next six months of enrollment are critical. i'm remind that ep rolement occurs until march 21st of 2014. i'll remind you that the massachusetts experience was slow initially and started to ramp up over time. we expect the same type of projections. >> but it doesn't look like you're even meeting your own projections that you had prepared. >> i have no

the u.s. senate gaveling backend for more debate on the government shut down. was the opportunity for america, the president of united states, to be the headliner. and instead the president of china was the headliner. and there were questioned asked adds to whether america was open for business. we've been hurt by this shutdown, make no mistake about it. our economy has suffered. and just the threat of defaulting or not paying our bills has hurt consumer confidence. consumer confidence is -- is -- it's whether consumers are ready to go out and buy that car, buy that home, go on that vacation. after the attack on our country on september the 11th, consumer confidence dropped by about 8.8%. i could go over other moments in history, but the debt ceiling debate today is about twice as damaging to consumer confidence than the 9/11 attack. so we are hurting our country. we are hurting our economy. we are wasting taxpayer dollars. we all talk about dealing with the debt. we're talking about paying our bills, when we talk about raising the debt ceiling. these debt -- t

earnings toward back half of the year have been backend loaded to hide.revision ratios, and at a negative ratio. i do think as we look into q3, remember as he came through q3 we started talking about a summer slowdown and that we had cereal. then at the end, the government shutdown. cheryl: you are also telling me that these companies will have an international of merging market business. we have these huge names coming out. they are all global names. i do want to say, as far as sectors go, you are saying telecom will be good. >> telecom will have the strongest earnings growth. the weakest will probably in the financial sector in the energy sector. no surprise. all in all, i would expect the quarter to be pretty good. we are watching three things. international is improving. cheryl: they have got to do that. what is interesting is the financials could be -- i am curious what the banks will come out and say. >> the banks had a strong second quarter. that is natural. we will hamper them a little bit. japan's gdp is running close to 4%. anything with that gl

the guy that's going to erase it for detroit. and it just didn't happen because of lackey. >> tim: joe, when you think about it. we've had backendtroit. tonight 1-0 in favor of the red sox. >> joe: this has been some kind of series. the red sox and the tigers. we look ahead to tomorrow. game four of the american league championship series from here in detroit. red sox have peavy. the tigers have fister. our coverage of alcs game number four begins tomorrow night at 7:30 eastern. for more coverage of today's game three, please turn to fox sports 1 for fox sports live. nightly, for exclusive coverage with the heroes of today's game. and a reminder, fox tonight, a night of can't-miss comedy with "dads," "brooklyn 99," "new girl "and "the mindy project." good knight from detroit. sfloeths. ♪ i love having a free checked bag with my united mileageplus explorer card. i've saved $75 in checked bag fees. [ delavane ] priority boarding is really important to us. you can just get on the plane and relax. [ julian ] having a card that doesn't charge you foreign transaction fees saves me a ton of money. [ delavane ] we can go to any country

getting conflicting reports from the exchange and they will do an enrollment form is a dismal metformin in an enrollment form. so it sounds like there may be some backend problems as well and it's not just on the front entering this website and moving forward. and insurers are getting conflicting information as well post that we have brian from indiana and brian, good morning. >> caller: good morning. i don't have secondary insurance and i was wondering if like a backup for there's anything like that, like a secondary insurance >> guest: you're talking about a supplemental policy. so you wouldn't become mothers marketplace. but you can purchase this and we want to talk with an insurance broker and and there is a lot of policy perspective that answer your question? >> caller: they don't give us people that are under the age of 65 that are disabled. and i can't afford it. >> guest: you might want to look at the exchange and see what you might qualify from and maybe we would subsidize this and put it into the budget and that might work out their. probably not because medicare is generally a pretty conference a program. am i but you might just want to have