with you when you're ready for the next move. [ male announcer ] now that wells fargo and wachovia havee together what's in it for you? unprecedented strength the stability of the leading community bank in the nation and with 12,000 atms and thousands of branches, we're with you in more ways and places than ever before. with you when you want the most from your bank. [ male announcer ] wells fargo. together we'll go far.

th you when you're ready for the next move. [ male announcer ] now that wells fargo and wachovia havetogether, what's in it for you? unprecedented strength, the stability of the leading community bank in the nation and with 12,000 atms and thousands of branches, we're with you in more ways and places than ever before. with you when you want the most from your bank. [ male announcer ] wells fargo. together we'll go far. be stoppedch will swimmer that is presumed dead. police have yet to find anything. swimming with two friday but was pulled the water. are hoping they will be able to recover the body. children recovering tonight on a injuries suffered balance the palace. -- bouncy palace. playing on that wind sent the rising into the air. >> i turned around and buys all theslide of blowing in wind. the and i just -- i could not believe it. out of the something movies. >> parents said that they did could, eveny inflatable rides with a knife. 11:00, prosecutors are expected more scientific and in the caseyidence anthony murder trial. f. -- yesterday a forensics expert said that a the trun

with you when you're ready for the next move. [ male announcer ] now that wells fargo and wachovia haveome together, what's in it for you? unprecedented strength, the stability of the leading community bank in the nation and with 12,000 atms and thousands of branches, we're with you in more ways and places than ever before. with you when you want the most from your bank. [ male announcer ] wells fargo. together we'll go far. [ whistle blows ] [ male announcer ] can the network you live on handle the computers, tvs and technology you can't live without? ♪ verizon fios can. get the power and speed of america's largest 100% fiber optic network. verizon fios. a network ahead. call the verizon center for customers with disabilities at 800-974-6006 tty/v. >>> our time right now 4:28. we have 66 degrees here in the nation's capital. it feels a little humid out there. we had a glorious weekend, but i think it's oefrb. good morning. i'm joe krebs. >> i'm eun yang on this monday, june 6, 2011. >>> a shooting of an adolescent boy on minnesota avenue southeast. police say the child was shot in the

to pay for these important services, we have unlisted major banks including wachovia, bank of america, the j.p. morgan case, as well as the san francisco foundation and the walter and elyse fund. san francisco home buyers have taken advantage of these programs. sadly, most of the federal and state programs are struggling to achieve effective loan modifications that would enable existing homeowners to stay in their homes on a long-term basis. as far as our efforts locally, we will continue to provide support to our partners to help people navigate the difficult mortgage issues here. i think we can work together with additional ideas and i would be glad to work closely with you to focus even more attention on this as we learn whether there is increasing numbers of people who cannot get out of their mortgage situations or are not as educated as they should be about avoiding the pitfalls. president chiu: our next question will be provided by our colleague from district 7. supervisor elsbernd: thank you for being here. as i am sure you are aware, last week, bush yield announced they are ca

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wachovia, citibank and others and a lot of smaller banks, state regulated banks that originated a lot of the bad loans. so i think this really was a housing related crisis, a lot of the moral hazard occurred because the small banks that initiated the loans and sold them off to someone so they mixture of the non-bank and the banking sector in this crisis. >> i would like to paint a scenario and hear how you respond to this. imagine a moment which doesn't seem unimaginable to me which europe loses the political will to continue to fund an unbearable debt, increased defaults this negative effect on european banks which remains undercapitalized, a big bank or to fail. this causes a run on american money market funds which have exposure of about a trillion dollars to the european banks, and we find ourselves very quickly backed at a moment very much like 2008. do you find a scenario like this to be plausible, and if so, what has dodd-frank accomplished? >> first of all, i think it is a terrific and i think central important question. i do think there is a real risk right now as there has b

wachovia, citibank and others and a lot of smaller banks, state regulated banks that originated a lot of the bad loans. so i think this really was a housing related crisis, a lot of the moral hazard occurred because the small banks that initiated the loans and sold them off to someone so they mixture of the non-bank and the banking sector in this crisis. >> i would like to paint a scenario and hear how you respond to this. imagine a moment which doesn't seem unimaginable to me which europe loses the political will to continue to fund an unbearable debt, increased defaults this negative effect on european banks which remains undercapitalized, a big bank or to fail. this causes a run on american money market funds which have exposure of about a trillion dollars to the european banks, and we find ourselves very quickly backed at a moment very much like 2008. do you find a scenario like this to be plausible, and if so, what has dodd-frank accomplished? >> first of all, i think it is a terrific and i think central important question. i do think there is a real risk right now as there has b

wamu, wachovia, citi and others, and a lot of smaller banks, state regulated banks that originated a lot of the bad loans. so i think this really was a house and related crisis, a lot of the moral hazard occurred because of smaller banks that initiated loans, and then sell them off to someone, someone else. so i think it's a mixture of non-bank in the banking sector in this crisis. >> i'd like to paint a scenario and hear how you all respond to this. imagine a moment which doesn't seem unimaginable to me, which european -- europe loses the political will to continue to fund greases unbearable debts. greece defaults. this has a negative effect on european banks which remain undercapitalized, a big bank or to fail. this causes a run on the american money market funds, which have exposure of about a trillion dollars in european banks. and we find ourselves very quickly back at a moment very much like 2008. do you find this scenario like this to be plausible? and if so, what has dodd-frank accomplished? >> maybe i will start and others can join in. first of all, i think it's a terrific a