Page 2 - Mortgage Problems News Today

Cheryl casone joins me. what does this means, the banks had been fairly healthy through the course of this since 2008. are we headed in that direction again? >> there is a fear certainly that u.s. banks are going to be back into some type of crisis mode as we were back in 2008. you mentioned the goldman sachs loss, martha, they made $1.9 billion in the same quarter a year ago, 2010. we have not seen goldman sachs have a loss like this since the fall of 2008, the same time frame when lehman broth...

thanks so much. just hours from now, eight presidential candidates will square off in tampa, florida. rick perry the front-runner and also the main target of his fellow republicans. and perry may have made the bulls-eye even bigger by attacking social security, a program considered sacred by millions of older americans. jim accosta is in tampa. and lets begin with word of a new endorsement were hearing about this morning. >> reporter: thats right. if mitt romney was looking for a spark...

know now is are we getting into another recession now? >> no. i submitted my forecast to the various polls last week and said no, the economy would grow faster in the second half, things will get better. are there perils? of course. >> those with money who dont need credit or who have the ability to get credit can really do well in this economy and those without jobs at the bottom, with tough credit, are excused for thinking that things are bad. >> absolutely. if you dont have a job, i...

And as you pointed out in the setup, there is a huge double standard. if these banking executives worked in the private sector, you can bet that the critics of such financial quote of excess, particularly in the democrat party would be hollering over this and in full class warfare demagoguery mode. shannon: these two agencies need the best of the best minds on the issue. we need to be the same people we would hire on wall street. the government has to do it, too. so we have the best minds solvin...

The mortgage problems and the housing bubble, and they had some terrible purchases, and theyre digging out of that. in fact that might have gone under had it not been for federal support. jon: g.e.s stock is up, im told, in my ear. conservatives in congress are talking about 2 1/2 trillion dollars in spending cuts? i guess what their idea is to go way back to 2008 and take the federal budget to that level. >> theyre going to do that for sure. but this group is a group of conservatives, 40, 50 or...

Im digging that sound. all right. we are going to move on now, right? thanks a lot. see you later. a french fishing vessel got on the a remote area in the indian ocean rescuing that stranded california teen. this is good news breaking this morning on our show. abby sunderlands brother says rescue workers found the 16-year-old and she is in good health. she had wanted to set the record as the youngest person to sail around the world alone. but a rogue wave and if youre a sailor, you know what t...

Was killed in the 9/11 attacks, but his wife shopped the idea around, able to find a buyer for it. a buyer ended up being the guy who, i hate to break it to you, not a good guy. no. he has committed massive accounting fraud. manipulated earnings on his company t in order to make huge bonuses. yeah. he didnt really go to jail or anything, because well, he is franklin rains and he has buddies. the ceo of fannie mae at the time. fannie mae and franklin rains, this guy is a shady individual. and fan...

Attacks, but his wife shopped the idea around, able to find a buyer for it. a buyer ended up being the guy who, i hate to break it to you, not a good guy. no. he has committed massive accounting fraud. manipulated earnings on his company t in order to make huge bonuses. yeah. he didnt really go to jail or anything, because well, he is franklin rains and he has buddies. the ceo of fannie mae at the time. fannie mae and franklin rains, this guy is a shady individual. and fannie mae, didnt they cau...

Virtually no retirement savings grew for the third year in a row. 43% of those surveyed said they have less than $10,000 saved for retirement. excludeing the value of homes and pension plans. the annual retirement confidence survey found that 27% of workers have less than $1,000 in retirement savings. it is a glaring picture of the continuing decline of our quality of life in this country. 16% of americans, that is all, say they are confident that they can save enough for a comfortable retiremen...

Honestly, has the president been behind the eight-ball with that message? and has he done enough, congressman, to spur job growth? >> jobs, jobs, jobs. >> i think the president is clearly very much focused right now. hell be here in my state today again and hell be talking about how you keep small businesses in their facilities, if they have mortgage problems. and i think hes put together -- put forth some very strong proposals, such as the tax breaks for those hiring folks, such as getting mone...