. >> reportera: este muñeco de plaza sésamo se dio cita en washington mutual alcalde para celebrar lajos recursos de la región. ejecutivos de un banco anunciaron que invertirán 50 millones de dólares más en los próximos 10 años en el programa de educación temprana. >> dedicado para preparar los niños desde que nace hasta los cinco años para que estén listos a la escuela. vamos a enfocar en arte, ciencias, matemáticas y educación financiera. >> reportera: es de 2005 el banco ha otorgado más de 3 millones de dólares a instituciones comunitarias de educación preescolar en la región, gran parte de los beneficiados han sido familias latinas de bajos recursos que durante momentos de crisis se han visto obligadas a retirar a los niños de los programas por falta de dinero. esta institución ha sido una de las beneficiadas por los donativos del banco en el pasado y han visto el impacto positivo que éste tiene en el desarrollo de los pequeños. >> el efecto que se obtiene posteriormente en la educación es muy grande, la investigación nos muestra que incluso el éxito escolar de los niños, en la un

. >> [speaking spanish] >> i got a letter at chase which at that time was washington mutual, that i wasind on my payment. >> [speaking spanish] >> they called me on the phone and told me i had the opportunity to refinance my homes, but they were giving me the opportunity to do one. >> [speaking spanish] >> this that needed to give them $1,300 for them -- $13,000 to refinance my mortgage. >> [speaking spanish] >> i sent them $13,000 because i had to mortgages, a small mortgage and a big mortgage. >> [speaking spanish] >> between three and four weeks after i sent money, i got a letter from the bank telling me they had denied my modification. >> [speaking spanish]

. >> [speaking spanish] >> i got a letter at chase which at that time was washington mutual, that i was behind on my payment. >> [speaking spanish] >> they called me on the phone and told me i had the opportunity to refinance my homes, but they were giving me the opportunity to do one. >> [speaking spanish] >> this that needed to give them $1,300 for them -- $13,000 to refinance my mortgage. >> [speaking spanish] >> i sent them $13,000 because i had to mortgages, a small mortgage and a big mortgage. >> [speaking spanish] >> between three and four weeks after i sent money, i got a letter from the bank telling me they had denied my modification. >> [speaking spanish] >> they told me if i did not pay my balance in third to 45 days, that i needed to leave -- from 30 to 45 days, i needed to leave my home and i would be evicted. >> [speaking spanish] >> to this day, me and my family are being greatly affected by what happened because we lost 20 years worth of savings. >> [speaking spanish] >> we have not been able to get our life back on track and our life has not been the same since what hap

and washington mutual and indy mack, na the whole system does not-- >> the world did not end. >> number two, i think that stimulus and propping up we've seen, yes, the stock market is going up, but it's a really kind of an unfair reaction, it will go up and then it will come down as we find out we have weaker and weaker players this, supported by the government to an i bigger and bigger expense. and eventually the whole world is greece and the taxpayers, ones that can pay taxes to prop up the entities that should rightfully fail. let me ask you, go ahead. >> the only thing that's really going to get us towards real recovery is he when the investor class has a real change in attitude and purpose. when it gets back to taking risks. you know, typically when you have a deep recession, you have an increase in entrepreneurial activity and we haven't seen that in this recession and people are seeking to have government funded bailouts provide the cushion for them to continue to make profits. >> well. >> that change is not going to come from government doing or not doing anything, and it's goin

they went to people like countrywide, washington mutual. programs so these companies would generate subprime mortgages. they kept lowering the standards because they had to meet a portfolio or congress would not guarantee their debts. they got more broker relationships with more brokers. to go back to the old savings and loans, in the broker model, you make a loan and use salad. you really do not care about the rest. -- the risk. it leads to a lot of default. an individual says, i made $75,000 last year and want to buy a house. he rarely made $65,000. -- he really made $65,000. some of that volume went into fannie mae and freddie mac. a fair amount of that went into the international market where these things were securitized. the security instrument is what made people buy them, standard and poor's and moody's are interesting entities. they're the only people that are allowed to write financial as to ms. that are held by public pension. that means they have an oligarchy. they're supposed to know what they are doing. they have a special cer

a department of justice investigation into alleged fraud at washington mutual closed with no chargesthis summer. a criminal investigation into activities at countrywide, "fizzled out earlier this year." deutschebank is still under investigation. well, how about the people who turned american mortgages, american homes into casino chips? "overall the banks and individuals involved in these deals haven't been convicted on criminal charges. the civil suits against them have produced fines that aren't very big compared to the profits they made in the leadup to the financial crisis." okay. how about the ceos at the big investment banks? a probe of lehman brothers, "stalled this spring. merrill lynch was sold to bank of america." quoting propublica here, "as for the effects who helped crash merrill lynch, they walked away with millions. some still hold senior positions at prominent financial firms." republicans want the next presidential election to be decided on the basis of whether or not the economy is bad. because the catastrophe of wall street exploding in 2008 was so bad that you're p

and another $15 million to washington mutual. two major players in the collapse. took tens of thousands in campaign contributions from both companies, perry downplayed warnings of a mortgage crisis. this is eat yt reason why some republicans are having second thoughts about a perry presidency. would chris christie be any better? more on that next. >>> hank william jr.'s hateful rant against the president has cost him a suspension from monday night football. we'll play you the tape. >>> and big labor is joining the occupy wall street movement. you won't want to miss this. tonight an exclusive announcement from a major union only on "the ed show." some stes in my teens. i'd never ride without one now. and since my doctor prescribed lipitor, i won't go without it for my high cholesterol and my risk of heart attack. why kid myself? diet and exercise weren't lowering my cholesterol enough. now i'm eating healthier, exercising more, taking lipitor. numbers don't lie. my cholesterol's stayed down. lipitor is fda approved to reduce the risk of heart attack and stroke in p

and another $15 million to washington mutual. two major players in the collapse. while he took tens of thousands in campaign contributions from both companies, perry downplayed warnings of a mortgage crisis. this is eat yt reason why some republicans are having second thoughts about a perry presidency. would chris christie be any better? more on that next. >>> hank william jr.'s hateful rant against the president has cost him a suspension from monday night football. we'll play you the tape. >>> and big labor is joining the occupy wall street movement. you won't want to miss this. tonight an exclusive announcement from a major union only on "the ed show." [ male announcer ] in blind taste tests, even ragu users chose prego. prego?! but i've been buying ragu for years. [ thinking ] i wonder what other questionable choices i've made? [ '80s dance music plays ] [ sighs ] [ male announcer ] choose taste. choose prego. >>> welcome back to "the ed show." the will he or won't he talk about chris christie tells you everything you need to know about the current state of the

guest: washington mutual was not that small. assets that exceeded for a hundred billion dollars.k.s a decent-financ-sized it had one main company and three subsidiaries under it. if you look at the real complex institutions, the big conglomerate that are involved in all conscience of financial- services such as bank of america, they have dozens and dozens of subsidiaries in units and businesses, and a lot of those are not in the united states. when one of these banks fail in need to be taken down, then this new office needs to coordinate with dozens of regulators in different countries, and then there could be bankruptcy proceedings. this is what makes winding down one of these complex institutions really complicated. host: our guest with us for another 25 minutes or so. next call is towed river, oregon. good morning. river, oregon. caller: good morning. my question has to do with the layperson understanding the magnitude of the banking problems. i a real-estate agent certainly have felt the effects, the aftermath of the crisis, and i really do believe that this industry, the ban

talking to the chinese music on mr putin explained a solution as had been found it washington chinese companies will find a mutually beneficial solution we are aware of the needs of china china is aware of opportunities and reserves a very big unable to meet the demands of our chinese friends. in september the countries agreed on a new deal to the supply of almost seventy billion cubic meters of gas over thirty years how will they still haven't managed to sign a final agreement as china says the price is too high. also to look at both figures oil prices are heading down the sol that soft lawmakers voted against an overhaul of europe has a lot of problems under the u.s. this plan of what president obama's half a trillion dollar plan to create jobs and robot task of its global world a month before costs weak economic outlook industrialized nations. come to european markets saw as you know office live here rejected the plan to expand the eurozone rescue fund late tuesday this sunday most financial stocks lower all across the continent puts it is dropping a quarter of the science and the tax is losing over the whole th

washington. at liberty mutual, we know how much you count on your car and how much the people in your life countforgiveness, man: good job. where your price won't increase due to your first accident. we also offer a hassle-free lifetime repair guarantee, where the repairs made on your car are guaranteed for life or they're on us. these are just two of the valuable features you can expect from liberty mutual. plus, when you insure both your home and car with us, it could save you time and money. at liberty mutual, we help you move on with your life. so get the insurance responsible drivers like you deserve. looks really good. call us at... or visit your local liberty mutual office, where an agent can help you find the policy that's right for you. liberty mutual insurance. responsibility. what's your policy? >>> jack? >> question this hour, what does it mean for president obama that he can't even get the democrat controlled senate to pass his jobs bill? randy writes -- while their corporate and billionaire masters, the top 1% continue the rape of america. will hem writes -- the bill had many thing

afghanistan in fact it turns out yet another groundhog day miscommunication mutual accusations and denials small wonder that now the washington is exploring all possible then use and options how to deal with a stalemate both in afghanistan and pakistan their latest safety belt for the u.s. administration was offered by michael. and paul wolfowitz very join proposition it's called plan afghanistan alluding to plan colombia that was authorized sponsored by u.s. administration dating back ten years ago to colombia essentially means shifting the gear in the reverse vector to the rumsfeld idea of the light footprint that he tried in afghanistan well there is nothing wrong with this idea of this light footprint the only question is why did it take more than chain years however the most striking feature about this brand new old plan afghanistan is the fact that both authors have painstakingly failed to mention even once the most successful part of american operation in latin america that is aerial eradication of the drug fields that could and should have been replicated all mass in afghanistan. take a look now at some other stories

mutual defense treaty. [applause] fifth-eight years ago today in october 1953 here in washington, d.c., the republic of koread states signed the mutual defense treaty. in the words of that treaty, we pledged our common determination to defend ourselves against the external armed attack so that no potential aggressor could be under the allusion that either of us stands alone in the pacific area. [applause] we know that defending freedom is never easy. it is never free of cost or free of risk, for this, i want to thank you. i thank you on behalf of the korean people for standing by us. [applause] we also want to thank the 28,500 american men and women who serve in uniform today in korea. [applause] we want to thank each and every one of you for keeping faith with the generation of your parents and grandparents defending freedom on the korean peninsula. we thank you for your service. [applause] [applause] [applause] today, i would also like to thank the korean war veterans who are here with us today. they are representatives john conyers, charles rangel, sam johnson, and howard -- [inaudible] [applause] [applau

of the afghan war we mark this weekend washington's trying to mend ties with one of its main allies in the war started relations have recently been hit by mutual accusations and political differences and that is one of the honestly going to khrushchev reports next from afghanistan. this is the commanding height that dominates this sweeping view of the. area of kabul the afghan capital. right behind me the reason there are three weeks ago was under the twenty hour with siege by the ha going to network let's take a closer look at what went wrong we have very global war on terror first after al qaeda central radio pashtun tribal belt along the afghan pakistani border the state department filed a request with the pakistan for cooperation against osama bin laden going to slam about brazenly ignored diplomatic requests from washington d.c. we have the middle finger behind their back see if they could and should have saved the day by activating their formidable human intelligence network in afghanistan to conduct their stand body snatching mission and to bring to justice but they just blew it looking back at operation enduring freedom the question is

mutual so there was it is merely observed. in many times and now we see and hear. openly supports the wrote in washington that she is here that this is true because because she has never been a big fan of russia she has never been a big fan of moscow of kremlin how could it could have she she deserved sympathy. of prime minister yulia timoshenko is and i know her well enough i think recently we were in france really earlier this decade and i think is not she's not ideologically nor geo politically motivated person for her the question number one is power and any force or sums of world helpful for her to obtain the power and to keep the power could be france was in some period of time what about the old russian saying that a friend of my enemy could never be my friend she is a friend of sacrifice really. extent retribution for us to be more of a close friend to her to insult to treason she was a foul because i wouldn't call her friend but she's of her that he should not forget you are to much anger and have faction of your queen in parliament supported trashed position on south ossetia in. august of two t