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The government sounding the alarm on scammers out to get our money. how bad it s gotten plus what the feds are saying about the fight. tax money helped them live the highlight. top executives at the mortgage giants are about to see fewer zeros at the end of their paychecks. that s next. [ male announcer this is the network ....
Technological innovation takes time. everybody in america is screaming for lower gasoline prices and is he talking about well we need to get on to something else. it may be more expensive. that doesn t seem to bother him. the president s alternatives can take even locker than drilling to effect gas prices. government projections show it will take years even decades before they can compete with oil. shep? shepard: jim angle live tonight in washington. jim, thanks very much. four years after your tax dollars bailed them out, fannie mae and freddie mac are slashing executive salaries. no more bonuses either. you will recall the uproar last fall when the mortgage giants paid out millions in executive bonuses. they have been on taxpayer credit since 2008 now totaling some $180 billion. we re told the companies will now cap executive pay at half a million dollars a year. that s about 75% less than their reported salaries before the bailout. if that announcement pleases the critics, thi ....
all right. time for your news by the numbers. first $1300. that s about how much each american household is paying to prop up fannie mae and freddie mac. that does not include the $4.6 million the mortgage giants are asking for now. next $25,000, that s how much the e.p.a. is giving to a utah dance company so they can teach kids about pollution in a creative way. fantastic. finally, $100,000. that s how much justin bieber s new sports car costs, the karma fisker given to justin on his 18th birthday on the ellen degeneres show. all of us can relate to that story. thank you very much, brian. media matters, the liberal left wing organization with close ties to the white house may end president obama s hopes of getting re-elected in november. those words now coming from a well known harvard law professor, professor alan dershwitz and he says media matters is posting anti-jewish, anti-israel hate speech on their site and that their rhetoric is ....
There would be revenge and if this is indeed a revenge killing by hezbollah which all signs point to right now there s a reasonable chance both sides will say it is a score that s now been settled, but certainly with iran and israel, tensions at an all-time high, wars start in this part of the world over things just like this. back to you. megyn: leland vitter, thank you. the obama administration is now stepping up pressure on fannie mae and freddie mac, calling on the mortgage giants to write down the loan amounts on some underwater home oarns. so who would get the break? and who would have to foot the bill? joining me now, brad blakeman, former department ste assistant to george w. bush and dick harpootlan, democratic chair. this is important to me because last week we saw they reached a deal with five major banks but if you were including fannie mae and freddie mac you weren t included in that deal. now there are targets on fanny and freddie saying you ....
What they were telling investors about their financial statements and their book and what the sec says is that those housing giants, the mortgage giants didn t tell the market about the mess of subprime mortgage exposure they were building. and it was the subprime exposure that contributed in part in creating the government bailout. so we now own fannie and freddie because of that exposure to that the sec said they did not adequately disclose. is the allegation this is a civil allegation are they saying, but for those lies we might not have gone into this horrible collapse? well, there are a lot of people think that think it was more obvious how much risk was building in the financial system and the housing market, if it were more obvious tcould have been stopped sooner and we have a lot less economic harm. the best place to have spotted ....