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>> difficulty for the fec was the fact that fannie and freddie are now basically wards of the government and to the extent that they charged them and collect any fines from them, they are simply collecting it from the taxpayers. >> now by the time the crisis hit in full force, shep, 70% of the 27 million shaky mortgages were on the books of fannie and freddie a cost taxpayers will be digesting for years to come. shep? >> shepard: jim angle on capitol hill tonight. thanks. a lot of things have changed because of the financial struggles and crisis which has hit our economy. one is that layaway c...

One thousand consumers polled they use layaway once and third of them return to lawaway is a great news. >> it's a different payment option. >> it's a good idea. >> retail industry leaders associates defends the fees, it is at least to sugest that five bucks on a hundred dollar purchase is twice the going rate of credit cards which today average about 14.9% nationwide. layaway programs provide consumers with a responsible low cost alternative to credit cards. that is once forgotten practice is a popular alternative to credit cards and a boon to large retailers. that friend will likely continue...

Only $5 the company holds an item for the customer and the customer makes scheduled payments until it is paid in full. however, a powerful u.s. senator that you could get seriously screwed by pricey layaway plans that could cost you way more than even regular credit cards. >> these layaway programs can be nothing more than sky high interest rates that consumers would never tolerate. holiday season is supposed to be about giving but too many promises is taking advantage of people. >> reporter: the senator is pushing retailers to clearly show how layaway plans can cost the consumer way more than...

One thousand consumers polled they use layaway once and third of them return to lawaway is a great news. >> it's a different payment option. >> it's a good idea. >> retail industry leaders associates defends the fees, it is at least to suggest that five bucks on a hundred dollar purchase is twice the going rate of credit cards which today average about 14.9% nationwide. layaway programs provide consumers with a responsible low cost alternative to credit cards. that is once forgotten practice is a popular alternative to credit cards and a boon to large retailers. that friend will likely continu...

Only $5 the company holds an item for the customer and the customer makes scheduled payments untilt is paid in full. however, a powerful u.s. senator that you could get seriously screwed by pricey layaway plans that could cost you way more than even regular credit cards. >> these layaway programs can be nothing more than sky high interest rates that consumers would never tolerate. holiday season is supposed to be about giving but too many promises is taking advantage of people. >> reporter: the senator is pushing retailers to clearly show how layaway plans can cost the consumer way more than u...