report with susie gharib and tom hudson. nightly business report is made possible by: captioning sponsored by wpbt susie: good evening, everyone. one of the most sweeping fraud cases brought in the wake of the subprime mortgage collapse was filed today in washington. the securities and exchange commission charged six former fannie mae c.e.o. daniel mudd and freddie mac c.e.o. richard syron the collapse of fannie mae and freddie mac is projected to cost taxpayers $124 billion. are fighting the charges, which syron s attorney calls quote, fatally flawed. reporter: s.e.c. lawyers say, around the time the housing bubble peaked, fannie mae and freddie mac executives used misleading definitions of subprime loans to hide the truth from investors. as they were driving up their market share, fannie mae, freddie mac and the executives sought to maintain the illusion that the business involved minimal and manageable credit risk. reporter: the sec says former fannie mae c.e.
this program is made possible by contributions to your pbs station from viewers like you. thank you. captioning sponsored by wpbt susie: good evening everyone, my colleague tom hudson is off tonight. with just three more days until christmas, it looks like retailers are getting their holiday wish: shoppers spending money. consumers are spending at a more feverish pace this year. shopper trak says retail revenue was up 5.5% last weekend, that s compared to a drop of more than 6% last year. this is a crucial time for retailers, because it s traditionally when they do the bulk of their business. to get an inside look at holiday shopping trends, erika miller tagged along with retail analyst brian sozzi on a recent trip to old navy. me personally, this is the best part of my job. i love being in the stores, touching and feeling the product, and anything i can ascertain from my trips to the stores is very, very important. and it reflects in the investments that we make. repor
this program is made possible by contributions to your pbs station from viewers like you. thank you. captioning sponsored by wpbt susie: good evening everyone, my colleague tom hudson is off tonight. with just three more days until christmas, it looks like retailers are getting their holiday wish: shoppers spending money. consumers are spending at a more feverish pace this year. shopper trak says retail revenue was up 5.5% last weekend, that s compared to a drop of more than 6% last year. this is a crucial time for retailers, because it s traditionally when they do the bulk of their business. to get an inside look at holiday shopping trends, erika miller tagged along with retail analyst brian sozzi on a recent trip to old navy. me personally, this is the best part of my job. i love being in the stores, touching and feeling the product, and anything i can ascertain from my trips to the stores is very, very important. and it reflects in the investments that we make. repor
this program is made possible by contributions to your pbs station from viewers like you. thank you. captioning sponsored by wpbt susie: good evening everyone, my colleague tom hudson is off tonight. with just three more days until christmas, it looks like retailers are getting their holiday wish: shoppers spending money. consumers are spending at a more feverish pace this year. shopper trak says retail revenue was up 5.5% last weekend, that s compared to a drop of more than 6% last year. this is a crucial time for retailers, because it s traditionally when they do the bulk of their business. to get an inside look at holiday shopping trends, erika miller tagged along with retail analyst brian sozzi on a recent trip to old navy. me personally, this is the best part of my job. i love being in the stores, touching and feeling the product, and anything i can ascertain from my trips to the stores is very, very important. and it reflects in the investments that we make. repor
this program is made possible by contributions to your pbs station from viewers like you. thank you. captioning sponsored by wpbt susie: good evening everyone, my colleague tom hudson is off tonight. with just three more days until christmas, it looks like retailers are getting their holiday wish: shoppers spending money. consumers are spending at a more feverish pace this year. shopper trak says retail revenue was up 5.5% last weekend, that s compared to a drop of more than 6% last year. this is a crucial time for retailers, because it s traditionally when they do the bulk of their business. to get an inside look at holiday shopping trends, erika miller tagged along with retail analyst brian sozzi on a recent trip to old navy. me personally, this is the best part of my job. i love being in the stores, touching and feeling the product, and anything i can ascertain from my trips to the stores is very, very important. and it reflects in the investments that we make. repor