Page 3 - Write Downs News Today

And suffer tremendously. no signs of action federal government on this issue and questions still remain as to what state attorney generals can do. reports this week that regulators are proposing a $30 billion fine against the big banks over their handling over the foreclosures, but no sign of actual modifications or reconciliation with principle write-downs that may be the only way to get out of this mess. if we let the banks off the hook with accounting modifications and bailouts, why is it tha...

These are the same companies a couple of months ago after the bill was passed that they will have to take the huge write downs. the cost to their businesses were going to be tense, millions of dollars. democrats in congress took issue with this. henry waxman announced he would hold hearings and call these companies to account. he ended up canceling those hearings, because he realized that what the companies were telling the american people were true. now the companies are saying this is going to...

They tweaked it a number of times, saying listen, well try to get you into 1 of 2 deals -- refinance your mortgage or modify the mortgage. they expected to be able to help a couple million people. its been a very, very tiny fraction of that who have actually gotten help. a lot more needs to be done. >> like what? what can the government do to make this thing work again? 6% of the applicants get this done? >> right. think there are a number of things that can be done. doesnt all have to come from...

Preexisting condition. and then not have them raise insurance premium rates. i think you are going to see a ripple effect throughout the country as people get their health insurance bills. >> greta: i would expect that months from now are people already seeing a change? are people losing interest or disapproving more out of sort of a growing fear or theyve suddenly taken a look at it? has there been any impact of the health care bill on peoples lives? >> three things. first, you are beginning to...

If they come with a preexisting condition. and then not have them raise insurance premium rates. i think you are going to see a ripple effect throughout the country as people get their health insurance bills. >> greta: i would expect that months from now are people already seeing a change? are people losing interest or disapproving more out of sort of a growing fear or theyve suddenly taken a look at it? has there been any impact of the health care bill on peoples lives? >> three things. first, ...

2014. [ talking over each other ] >> is not going to have problems with the medicaid -- [ talking over each other ] >> this is where the cynicism comes in. president obama represented those things, closing the doughnut hole. ending the exclusion on people with preexisting conditions if they were happening immediately. they are not happening until 2014. >> small businesses are going to get immediate tax credits. [ talking over each other ] >> he never told us they were going to have huge write-do...

Those costs. this hits americans in the wallet. they are not getting jobs. they are not keeping jobs itch thats the big worry. >> the unknown and health care bill something no one focused on. some warning about it ahead of time. huge corporate write-downs. weve seen, two, three, four billion dollars already. is that -- >> i think so, i saw the white house today pooh-poohed it they said it wasnt that big a deal if you look at the health care overall and what the cbo said what the savings were, 13...

2014. [ talking over each other ] >> is not going to have problems with the medicaid -- [ talking over each other ] >> this is where the cynicism comes in. president obama represented those things, closing the doughnut hole. ending the exclusion on people with preexisting conditions if they were happening immediately. they are not happening until 2014. >> small businesses are going to get immediate tax credits. [ talking over each other ] >> he never told us they were going to have huge write-do...

Those costs. this hits americans in the wallet. they are not getting jobs. they are not keeping jobs itch thats the big worry. >> the unknown and health care bill something no one focused on. some warning about it ahead of time. huge corporate write-downs. weve seen, two, three, four billion dollars already. is that -- >> i think so, i saw the white house today pooh-poohed it they said it wasnt that big a deal if you look at the health care overall and what the cbo said what the savings were, 13...

2014. [ talking over each other ] >> is not going to have problems with the medicaid -- [ talking over each other ] >> this is where the cynicism comes in. president obama represented those things, closing the doughnut hole. ending the exclusion on people with preexisting conditions if they were happening immediately. they are not happening until 2014. >> small businesses are going to get immediate tax credits. [ talking over each other ] >> he never told us they were going to have huge write-do...