Detailed text transcripts for TV channel - KGO - 20130110:10:07:00
Customers can really afford the homes they're buying. the rules crack down on risky loans that led to the housing bubble. banks must verify and inspect people's records. banks must make sure payments never exceed 43% of a borrower's income. the rules take effect next year. >> hopefully not create a bubble. like the one that got us into the mess. so some new rules. insurance giant aig will not sue the government after all for bailing it out. the board of directors were asked to join a lawsuit that claims the government hurt aig's stockholders by paying too little in the deal. the federal rese...
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