Page 2 - Making Loans News Today

Thats the most frustrating thing to me. and thats why im not leaving any investigation off the table. >> theres an exacerbating factor that lays on top of everything that you just said. which is that the actual financing that gets put into the marketplace for home loans, a huge percentage of that financing comes from the u.s. government, by virtue of fannie mae and freddie mac. now, in defense of the taxpayer, there are certain representations and warranties and standards, effectively, that fann...

>> all right. first, though, big news today. the trial of the accused underwear bomber begins this morning with earnest with opens statements at the federal courthouse in droit. umar farouk abdulmutallab is charged with trying to blow up a flight on christmas day 2009 with a bomb hidden in his underwear. >> the defendant is acting as his own attorney. cnns deb feyerick in live in detroit, where you were the night this all developed and christmas day 2009. deb, what is the situation? >>...

Listening. that is a race that look like well win. that is nine. >> sean: a hard nine. >> hard nine. you need ten. then you have illinois which is an open seat. kirk the republican and giannoulias the democrat are tied at 45 each. now since there is no incumbent, the undecided will break one way or another. that is one we need to win and focus on. kirk has more money and giannoulias has no record. the only thing hes done is run a bank that the fdic seized three months ago for making loans to mob...

That is a race that look like well win. that is nine. >> sean: a hard nine. >> hard nine. you need ten. then you have illinois which is an open seat. kirk the republican and giannoulias the democrat are tied at 45 each. now since there is no incumbent, the undecided will break one way or another. that is one we need to win and focus on. kirk has more money and giannoulias has no record. the only thing hes done is run a bank that the fdic seized three months ago for making loans to mobsters. in c...

It. how do we make college more affordable to people who are achieving, they just dont have the money? >> thats something thats really troubled me historically. we had a fundamental break-through. we simply stopped subsidizing banks, cut them out as the middleman in terms of making loans, the department of education is going to loan directly. that added $60 billion to increased pell grants in the next decade. also increase the tack credit for middle class families going on to college. what we ca...

Reach obtainable objections. number five, expert status. build reputation and your business by establishing yourself as an expert in the industry. time now to answer some of your business questions. erica and paul are back with us again. the first question is where to find funding. >> if i was to get a loan for $50,000, would i want that loan to come from a family member, a bank, or a vc. >> i can answer this one? i have sort of bad news to break to this questioner which is that, number one, a v...

Spent their careers studying this and thinking about this. there is a real prospect of a bipartisan bill here in the way there waen with the health care. >> if this passes, neil, do i have to stop worrying about my 401(k) being a 201-k? >> you never have to stop worrying. if this works, thats a big if, we v should have a more stable financial system. that said, you know, there have been financial crises for a thousand years. the idea that well completely eliminate financial crises and downturns ...