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Detailed text transcripts for TV channel - FOXNEWS - 20140617:11:37:00

the first for an american who came off the bench in u.s. soccer history. >> that was incredible. and this is a victory heard around the world. 86 minutes into the game, am i right there? >> yep. what i'm amazed at, soccer is a niche sport. americans don't play soccer, they don't care. no one told america yesterday, where every sports bar was packed. for example, the place i was at, the blackstone, right here in manhattan, this is from the bartender, shane, right after the goal. >> usa! usa! >> that's the second floor the whole downstairs was done. >> you crack open any window, we're hearing red, white and beautiful sounds. this was shot from peter doocy, is that correct? >> yeah. peter doocy at buffalo wild wing also try to write off his buffalo wild wings.

Us- , Big-game , Soccer , Victory , Bench , Yep , 86 , Place , America-yesterday , No-one , Sport , Sports-bar

Detailed text transcripts for TV channel - FOXNEWS - 20140416:20:43:00

it seems rather weird to even say it, but is hillary really in, and can she win? apparently it depends on him. on the president. wall street types telling wally what's behind it. >> you would expect her by now to maude up her mind. when i talk to wall street people, a lot of people think wall street guys are republicans, but there's a sizable contingent on wall street, top hillary supporters, and they're all -- tony james over at blackstone -- i mean, they're all over the place. and what they tell you when -- you know, they speak a lot, what they would tell you is that hillary really hasn't made up her mind just yet. >> i don't believe that. >> that's what they're saying. i do. and here's why. they are really worried about the popularity -- she is really worried about the popularity or the growing unpopularity of the president. >> whether she wants to be president or not. 2016 is really her own chance

Fighting-it , President , Wall-street , Wally , Lot , People , Mind , Republican , Contingent , Wall-street-people , Place , Hillary

Detailed text transcripts for TV channel - MSNBC - 20140309:15:22:00

by blackstone group, a multi-billion dollar investment firm, which now owns more than of these homes than any other company. blackstone is using invitation homes to purchase homes, rent them out, and cut up and distribute the profits. in finance, they call that securitization. and it enables investors to receive funds from different rental units. here's how blackstone put it in a 2012 press release. the program removes distressed inventory from the market, which has been suppressing national home prices, creating jobs and providing high-quality, affordable housing for families. blackstone says that by enabling more investors to buy a piece of this market, new capital actually goes to communities that need it most, as sort of a win-win. and other companies are following suit. but here's the thing. given the track record of wall street in our housing market, are these efforts right? well, they're drawing scrutiny.

Blackstone , Company , Invitation-homes , Dollar , It , Homes , Investors , Securitization , Program , Profits , Cut-up , Finance

Detailed text transcripts for TV channel - MSNBC - 20140309:15:30:00

to not take all the money they have in the world and put it in a highly leveraged real estate investment in a home that might go bad. instead, blackstone will take on that investment and take on the investment risk. >> i think we should learn the lessons of recent history here. history doesn't repeat itself, but it does rhyme sometimes. this raises red flags. and so one question we have to ask is in what communities are we seeing this? because if they're in communities of color, that should be the first red flag. we saw this in the 1990s with the creation and expansion of subprime lending into minority communities that have been racially discriminated is against, redlined for decades, by state policy and discrimination by lenders. then all of a sudden, it's almost like, reverse red flag. 900%. that was the increase in subprime loans in the 1990s. so we knew this was a problem in minority communities before we even crossed the threshold to the 21st century that led to the burst of the bubble. >> so an important point and context in markets that we know

It , World , Blackstone , Money- , Investment , History , Home , Real-estate , Investment-risk , History-doesnt-repeat-itself , Lessons , Question

Detailed text transcripts for TV channel - MSNBC - 20140309:15:31:00

that have been found to have aggregate discrimination. congressman, i want to bring you back in, and rebutted by blackstone, the argument that this could lead to people being forcibly removed from their properties. do you think that's a possibility here? >> well, that's a -- there's a consumer protection issue. you know, blackstone and other large investors have very little track record or experience in managing properties this extensively. 40,000 homes across the country. these single family homes were not built or designed to be renter occupied, they were designed to be occupied by individual homeowners. and people in these neighborhoods have expressed concerns to me, in my own district, about what's going to happen to the neighborhoods, how the character of them is going to change, how well these properties are going to be

Congressman , People , Rebutted-by-blackstone , Discrimination , Blackstone , Investors , Possibility , Properties , Consumer-protection-issue , Country , Homes , Experience

Detailed text transcripts for TV channel - MSNBC - 20140309:15:23:00

fed chair janet yellen said during her november confirmation hearing, this market should be watched very carefully. she also said the interest in low-cost homes is a logical response of the market. meanwhile, 75 housing and consumer groups sent a new letter, warning, we may be headed towards the creation of another housing bubble. and a new article in "mother jones" magazine questions, what happens if this security blows up? and then, there's this exhaustive report from the center for american progress, the progressive policy shop, suggesting that blackstone's approach could hurt renters and potentially destabilize communities if these financial products, these bonds, sour. now, we asked invitation homes about all of this. they responded with a statement to msnbc, saying in part, quote, we're committed to building a national long-term network that caters to the portion of the market that will always need or prefer to rent. our investments have played a small but positive role in stabilizing housing markets. economists have said that

Market , Housing , Homes , Response , Interest , Janet-yellen , Confirmation-hearing , Consumer , Groups , Fed-chair , 75 , Security

Detailed text transcripts for TV channel - MSNBC - 20140309:15:26:00

you've heard our reporting today, congressmen, on the issue and the responses from blackstone. tell us what's important here in your mind. >> well, what's important is that we get ahead of the curve this time. you know, with the subprime mortgage crises and the mortgage-backed securities, we just weren't fully understanding of what risks they pose for the economy. and i'm not calling for a ban for this new instrument. and i want to emphasize, it is a new security that blackstone has developed. i represent a represent a part of the country that was very hard hit. we've seen one out of every ten homes foreclosed upon in my county of riverside, california. and we've suffered greatly. i just think that it behooves us to understand these securities and to understand what risks they might pose to the economy and, you know, more importantly,

Congressman , Blackstone , Issue , Reporting , Mind , Subprime-mortgage-crises , Responses , Curve , Security , Economy , Securities , Ban

Detailed text transcripts for TV channel - MSNBC - 20140309:15:39:00

for us, right? >> here's the simple things we do know. the bottom is down since 2009, which means housing prices can't be rising. people can't afford more housing. we know that blackstone and others are trying to once again weaken the standards for underwriting. who benefits from that? people who make the money off fees connected to housing. this is not good for the housing market. so i think we ought to be very skeptical about -- >> yet, josh, go ahead. >> this is a reason to be glad to have a deeper rental market. owning a home is fundamentally an investment. it's an investment in real estate. and if you owe have and have a mortgage on it with a low interest, it's a speculative investment. and obama who has been pushing back on banks has been pushing them to weaken credit standards and to offer higher leverage mortgages, because they too want to push people into home ownership and prop up housing prices. this i see as an alternative model in which people can live in homes without owning them and without taking on that investment risk. so if we don't want families to

People , Us- , Things , Blackstone , Housing , Others , Housing-prices , Bottom , Standards , 2009 , Reason , Money-

Detailed text transcripts for TV channel - MSNBC - 20140309:15:13:00

just disappearing off the map. i want to thank elise jordan for a bunch of interesting thoughts today on more than one topic and staying with us is david. what we're going to do now is talk a little bit more in our next segment about a housing crisis that is a very important issue, according to some advocates. and yet we also have reporting, new reporting from blackstone, a company in this space saying they're actually trying to help distressed communities. it's an interesting debate. we will also keep you updated with the latest on this missing plane story as events warrant. stay with us. if you wear a den, touch it with your tongue. if your denture moves, it can irritate your gums. try fixodent plus gum care. it helps stop denture movement and prevents gum irritation. fixodent. and forget it.

Us- , Housing-crisis , David-cay-johnston , Elise-jordan , Segment , Thoughts , Bunch , Map , Topic , One , Blackstone , Issue

Detailed text transcripts for TV channel - MSNBC - 20140309:15:38:00

and latinos were targeted more than white families for these subprime loans. it means when the bubble burst, they lost much more of their wealth than did whites and by the way, that added to the already existing disparity. so i think what we're seeing and what we should be worried about something very similar to blackstone, when wells fargo settles with the u.s. government for $175 million for its subprime practices and markets that settlement back to black and latino families in the very communities that have the highest rates of foreclosure as if it's a good corporate citizen, that should worry us. >> and the link we're talking about and the reason we did play so much sound and quotes from blackstone is a link we don't know where it leads yet. that is debated, david. and yet the leverage and the complexity, if it's hard to no this segment, right, for some folks, although they're interested, it's also hard to follow these documents and understand just what's in the security, and that could be bad

Way , Families , Wealth , Loans , Disparity , Whites , Bubble-burst , Latinos , Something , Us- , Blackstone , Government