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System. Fannie mae and freddie mac have been in conservatorship for close to nine years. In september 2008, then treasury secretary hank paulson famously described the conservatorships as a timeout. Today, fannie and freddie along with fha continue to dominate the Mortgage Market. Approximately 70 of the mortgages are backed by the federal government. While fannie and freddie are currently earning profits, if the Housing Market experiences a downturn, taxpayers could again be on the hook for billions of dollars. The status quo is not a viable option. The Housing Finance system depends on two G...

Morning. Bounce house horror, the terrifying moment this inflatable castle goes flying tumbling over a fence and into a crowded parking lot with children inside. 24 karat magic in the air the Golden State Warriors remain perfect in the 2017 postseason. And a 24karat start. And durant throws it down. The Golden State Warriors wiping out the cavaliers in game one of the nba finals. Steph curry bang. And highflying kevin durant leading the blowout win with dunk after dunk. Can king james take back his throne . 24 karat magic in the air and good morning, america. You see that high kick by steph cu...

The General Election. About to find out the results of the exit poll. Good evening and welcome to the Election Centre. Tonight, the third time into yours that we have come here to the result in a major Unity Kingdom Wide poll. In 2015, David Camerons election resulted in the vote for brexit see a promise. And theresa may has guaranteed certainty for the years ahead. Three act drama. Indications of what she has got what she wanted orJeremy Corbyn has dashed hopes will come with exit polls at ten. Who gets to number ten . Welcome to the virtual downing street. We have watched as in 2015 conserva...

We have got the world covered on Bloomberg Television on this epic day. Live in london as we see results from the u. K. Polls. Here in washington, were all talking about james comeys testimony. We will have plenty of reaction to that. Absolutely. This is bloombergs continuing coverage of the u. K. Election result. It is just after 7 a. M. Just after 7 p. M. In washington, d. C. Im Kathleen Hays. Is that shocking exit poll out of the u. K. We are focusing on, suggesting this election could go either way. Not what we were expecting when asia went to bed last that. The instant reaction was on 1. ...

Though perhaps we could be seeing an Opposition Coalition as well. Chart, looking at this the biggest reflection has been the currency markets. Towardsd edging down 1. 27, session lows at the moment , 1. 7 percent fall back or that is the scene outside Jeremy Corbyns house. This is bloomberg. Haidi uncertainty in the u. K. , a Hung Parliament with conservatives falling short of a majority. Plunging theling most since january and raising doubts about negotiations with the european union. The u. K. Could be without a full functioning government 11 days before brexit talks are due to begin. Risha...