Page 11 - 153 Billion News Today : Breaking News, Live Updates & Top Stories | Vimarsana

And now, let's take a look at india. india is also a huge cell phone market with 771 million mobile phone users. the industry there is expected to be worth $76 billion by the year 2013. and africa is blazing a trail when it comes to growth. mtn group is the largest network provider on the continent and nigeria has the most users with about 66 million cell phone owners. we go back to the united states here where the proposed tie-up between at&t and t-mobile usa would have 129 million users an just to give you an idea of how active mobile phone users are in the states, americans send 153 billion...

Obligations to have these institutions be sound, we're on the hook. and we're on the hook now for $153 billion. it will be well over $300 billion before we're out of it. but it's time to begin to transition to this activity, to the private sector. >> all right. we're going it take a break here, we'll come back, more with speaker boehner after this. "meet the press" is at northern trust, we understand... that while you may come from the same family... you know, son, you should take up something more strenuous. you have different needs and desires. - i'm reading a book. - what's a book? so we ...

And freddie mac, which guarantee 90% of the mortgages in this country should be phased out of existence. do you think it's realistic for the government to get out of the housing market? >> i think the government needs to get out of the housing market. when you look at the crisis that we have and the bailout, we've already spent $153 billion and we'll probably spend at least that much more bailing out fannie mae and freddie mac. the president and the administration laid out some options for how to go forward. we all know what the options are. it's time to get serious about a plan to phase out f...

Privatize these companies? >> the gap that's out there will be filled. remember, the federal government started to build these organizations 40 and 50 years ago to collateralize mortgages in order to make mortgages more available. this is before the private sector had the ability to do it. the private sector can do this today. fannie and freddie know how to do. they can do it as private companies -- >> but the government has got to be there today, you would concede that. given the fragility of the housing market. the government would be there to backstop it? >> because the federal government f...

I thought they would use the time to tell you the truth about how bad things were so you can prepare yourself and your family. took me three days to see the lie from the last administration. the lie was we're fine, this will fix it. relax. i'm going to sleep with someone's wife to fix their marriage. what? believe me, the uber wealthy, elite and politicians are batoning down the hatches and they're preparing for transformation. if we're so good, why are we transforming into something else? i want you to look at the numbers. the deficit in the last 18 months, we have had a deficit for the last ...