Page 4 - 187 Billion News Today : Breaking News, Live Updates & Top Stories | Vimarsana

The rich very hard. a code in which you're either not funding the government in an efficient or foul way but you also are starting to get more progressive taxes. what you want to see i think is the level up here. the big player here is the capital gains tax. we have a very low tax on capitol hill gains. that is where very wealthy people make most of their money. it's taxed at a much lower rate than normal income. there are reasons for that. but i don't think at this point they're tremendously good ones. definitely not in the context of the current tax code we have now. the wealthy could get mo...

Credit suisse is apologizing. slowdowns in china's economy are worrying investors. stocks down 2.2%. that's a big move. hong kong sharply lower. european markets off to a rocky start as well. stocks in the u.s., dow down 67 points yesterday. futures are flat right now but really watching the red arrows overseas. fannie mae and freddie mac, both of those stocks tumbling, tumbling on news of a bipartisan deal to close them. no time line of when that will happen. no concrete details president obama gave a speech back in august where he mentioned winding down the nation's top two mortgage lender...

Allison is joining us now with details that taxpayers spend billions bailing out. what's the bottom line now? >> it's been more than five years. taxpayers are finally getting their money back and then some with the deal. after taxpayers shelled out $187 billion, fanny today is saying it's going to go ahead and pay the government 7 billi$7 billio profit. it was the taxpayer who is had to shoulder the heavy cost of bad decisions happening in the mortgage market. fanny's reimbursement means they would have recouped $192 million coming out $5 billion on top. it was the bursting of the housing bubb...

Martha: stuart, it is so shocking. if you look at formula for this, exactly just like you said. don't worry, banks, we'll back up your loans here at the federal government. we spent $187 billion bailing out fannie mae and freddie mac because people got in way over their heads. i mean is this really the road we want to go back down? >> well that's what got us into trouble in the first place. you will be hearing this all the time. you're right, martha, the banks are very worried about this. they will be pushed into making loans to risky borrowers who don't meet current very high and strict stand...

Mortgages with very low down payments, mainly for first time home buyers. annual audit released found the agency as you said, has a $16.3 billion capital reserve shortfall because of mortgages going bad. but the fha is down playing the possibility of a bailout. it says it expects to add $11 billion in capital from new business in the year ahead. it also announced a slight increase in fees today in some other new steps to improve its finances. it says it hopes all of this will put its capital position back in the black within the fiscal year. the agency says that should reduce the likelihood th...