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Some mortgages held by banks. it does not cover millions of other mortgages insured by fannie mae and freddie mac. the fha and millions more mortgages held by private investors like pension funds may not be fixed. >> it sounds good on paper. it looks good on paper. but it's really false expectations. because this covers only 10% of the overall mortgages in this country. >> and the administration, shep, says that it is working on other programs to help those millions of other homeowners who are also facing foreclosure. >> shepard: pete, lay out the specifics if you would of what these lending i...

good evening, everyone. i'm erin burnett. "outfront" tonight, big, big, big politics. according to the federal election commission. that would make it the most expensive election season in american history. but here's the dirty truth about american history. money always seeps into politics, and it has been going and going and going for a long time. take president mckinley's campaign at the turn of the century. even know that guy? railroad and steel barron's gave him kingly sums of $6 million for his 1896-1900 win. that would be a lot of money now. president nixon was given $2.5 milli...

election commission. that would make it the most expensive election season in american history. but here's the dirty truth about american history. money always seeps into politics, and it has been going and going and going for a long time. take president mckinley's campaign at the turn of the century. even know that guy? railroad and steel barron's gave him the then insanely kingly sums of $6 million for his 1896-1900 presidential win. that would be a lot of money even now. president nixon was given $2.5 million by one guy, an insurance executive when he ran for president in '68 and ...

"outfront" tonight, big, big, and bigger money in politics. upwards of $11 million will be spent on this year's election, according to the federal election commission. that would make it the most expensive election season in american history. but here's the dirty truth about american history. money always seeps into politics, and it has been going and going and going for a long time. take president mckinley's campaign at the turn of the century. even know that guy? railroad and steel barron's gave him the then insanely kingly sums of $6 million for his 18 - 1896-1900 presidential win...

American people, holding those who broke the law accountable, restoring confidence in our housing market and our financial sector, getting things moving, and we're going to keep on at it until everyone shares in america's comeback. so, ladies and gentlemen, thank you for your outstanding efforts. we are very, very proud of you. and we look forward to seeing this settlement lead to some small measure of relief to a lot of families out there that need help. and that's going to strengthen the american economy overall. so thank you very much. jenna: that is the president on the settlement that was...