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That's the most frustrating thing to me. and that's why i'm not leaving any investigation off the table. >> there's an exacerbating factor that lays on top of everything that you just said. which is that the actual financing that gets put into the marketplace for home loans, a huge percentage of that financing comes from the u.s. government, by virtue of fannie mae and freddie mac. now, in defense of the taxpayer, there are certain representations and warranties and standards, effectively, that fannie mae and freddie mac require if they are going to purchase a pool of loans. there have been co...

>> all right. first, though, big news today. the trial of the accused underwear bomber begins this morning with earnest with opens statements at the federal courthouse in droit. umar farouk abdulmutallab is charged with trying to blow up a flight on christmas day 2009 with a bomb hidden in his underwear. >> the defendant is acting as his own attorney. cnn's deb feyerick in live in detroit, where you were the night this all developed and christmas day 2009. deb, what is the situation? >> reporter: well, ali, christine and carol, we can tell you that he is facing eight charges today. i...

Listening. that is a race that look like we'll win. that is nine. >> sean: a hard nine. >> hard nine. you need ten. then you have illinois which is an open seat. kirk the republican and giannoulias the democrat are tied at 45 each. now since there is no incumbent, the undecided will break one way or another. that is one we need to win and focus on. kirk has more money and giannoulias has no record. the only thing he's done is run a bank that the fdic seized three months ago for making loans to mobsters. in california, boxer at 49. fiorina is at four. don't count out new york. mcmahon is 40 and...

That is a race that look like we'll win. that is nine. >> sean: a hard nine. >> hard nine. you need ten. then you have illinois which is an open seat. kirk the republican and giannoulias the democrat are tied at 45 each. now since there is no incumbent, the undecided will break one way or another. that is one we need to win and focus on. kirk has more money and giannoulias has no record. the only thing he's done is run a bank that the fdic seized three months ago for making loans to mobsters. in california, boxer at 49. fiorina is at four. don't count out new york. mcmahon is 40 and bloomberg ...

It. how do we make college more affordable to people who are achieving, they just don't have the money? >> that's something that's really troubled me historically. we had a fundamental break-through. we simply stopped subsidizing banks, cut them out as the middleman in terms of making loans, the department of education is going to loan directly. that added $60 billion to increased pell grants in the next decade. also increase the tack credit for middle class families going on to college. what we can do is look every child in the eye now across the country and say no matter how tough things mig...