Page 39 - Plan Doesn T News Today : Breaking News, Live Updates & Top Stories | Vimarsana

>> the state of new jersey ranks 10th in overall closures. but the democrats' plan doesn't include mortgage giants fannie and freddie. here's what white house senior advisor valerie jarrett had to say to me about that on our show yesterday. >> why is that not included, regulation on fannie and freddie in the president's financial reform package? >> i think what we're trying to do right now is look at the excessive risk that were taken by a very few number of banks and that's what we believe actually led to the financial meltdown. >> all right. we are rejoined by new jersey's newly elected gove...

Udall and of course udall has an arizona connection. why do we care about an arizona connection today? we have a very special live audience today. it's savanis a vasavannah's mom today, so we're on our best behavior. our jokes are above board for today. treasury secretary tim geithner says he's confident financial reform will happen during a live interview on "morning joe," getting a push back on criticism that the president's plan doesn't prevent another collapse of the financial system. >> if this was a weak package, if it was an empty bill, it had no teeth, if p it had huge carveouts that...

I need anymore evidence of the fact that the primary occupation of political parties is fund-raising from other rich people in order to continue to fund their political battles and doesn't that speak to the very fundamental corruption of the democracy? >> well, i'll take this one first. i mean as speaking as somebody who has written his fair share of checks to candidates, it's not fun but it's certainly part of politics and we want to believe this our political contributions to people that we believe in goes into political expenditures. >> but they're not. you hope that, but i'm telling you as...

Money? so that they can gamble with our money? brings us to the solution, doesn't it? how do we stop the three-card shuffle with our money? first thing's first, we have to stop giving these banks our money. don't give them money to gamble with. they need to be broken up so they can stop blackmailing us to give them our money. it's very simple. neither plan right now will do this. they still have total blackmail authority over every person in this country. second, after you break-up the banks, clean up their game. that's very simple. you do that initially by simply bringing transparency. you se...

Financing, saves you $4,000 maybe or close to it. historically, toyota doesn't offer these types of incentives and the sweet deals they're offering now, you're talking about $2200 plus per vehicle in incentives. before the recalls happened, that number was somewhere around 1700. so the point is, jamie, they're basically investing $550 per vehicle to entice people to come into the showrooms and buy betting that the profits they lose are worth it because of the pickup in sales, and that's what we saw is. jamie: here's the big question, have they repaired the issue us that had to do with the pads...