and they happened because the fannie and freddie, the process of the change of governance of fannie and freddie led to them to be equity return driven. the federal reserve stopped paying any attention to whether or not loans being made to poor people were fair. the financial markets, encouraged by the bush administration, stepped into that space. and then fannie and freddie followed. those are the facts. those are the charts that show you the timeline prove indisputably. we can have a conversation based on dates that are not relevant to the dates when these events happened. but the real question you have to ask is, why are we having that conversation? why are we being shown snapshots that are out of context? why are we discussing dates that are 15 years before the events? there's two reasons. and i think peter is pretty straightforward about what those reasons are. he's got a principled disagreement with the idea that we ought to effectively regulate the financial sector, because i think peter believes that it's self-regulating, and effectively so. now, i would submit to you that we hav

and they happened because fannie and freddie's -- the process of the change in governance in fannie and freddie led them to be equity return driven, the federal reserve stopped paying attention to whether or not loans being made to poor people were fair. the financial markets, encouraged by the bush administration, stepped into that space. and then fannie and freddie followed. those are the facts. those are what the charges that show you the timeline, prove indisputably. now, we can have a conversation based on dates that are not relevant to when these events happened, but the real question you've got to ask is why are we having that conversation? why are we being shown snapshots that are out of context? why are we discussing dates that are 15 years before the events? there's two reasons. and i think peter's pretty straightforward about what those reasons are. he's got a principled disagreement with the idea that we ought to effectively regulate the financial sector because i think peter believes that it's self-regulated, and effectively so. now, i would submit to you that we have had a

and they happened because fannie and freddie's -- the process of the change in governance in fannie and freddie led them to be equity return driven, the federal reserve stopped paying attention to whether or not loans being made to poor people were fair. the financial markets, encouraged by the bush administration, stepped into that space. and then fannie and freddie followed. those are the facts. those are what the charges that show you the timeline, prove indisputably. now, we can have a conversation based on dates that are not relevant to when these events happened, but the real question you've got to ask is why are we having that conversation? why are we being shown snapshots that are out of context? why are we discussing dates that are 15 years before the events? there's two reasons. and i think peter's pretty straightforward about what those reasons are. he's got a principled disagreement with the idea that we ought to effectively regulate the financial sector because i think peter believes that it's self-regulated, and effectively so. now, i would submit to you that we have had a

the blue is fannie mae and freddie. above that the red is fha and above that a number of other government agencies like the department of agriculture and veteran affairs, all of what participated to some degree in the mortgage market. on the right is the private sector. what you see immediately when you look at this is that the government had a major role in buying be low-quality in risky mortgages. in fact, you might say that the government created the market for those mortgages. after all, they were the principal buyer and the holder of it. now how serious were these mortgages? in terms of their effect on the holders? this is an excerpt from a credit profile published by fannie mae in june 2009. i was just about a year later. they have had a chance at this point to take a look at what the losses came from. this will show you that they had about 800 30,000, almost 838 billion subprime dollars in subprime or otherwise week or high-risk mortgages. if you look at the line below, it shows in 2008, 81.3% of their losses cam

and they happened because fannie and freddie's, the process of changing governments in fannie and freddie let him to be equity return driven. the federal reserve stopped paying any attention to whether not loans being made to poor people were fair. the financial markets stepped into that space. and then fannie and freddie followed. those are the facts. those of what the charts that show you the timeline prove indisputably. we can have a conversation based on dates that are not relevant to when these events happened, but the real question you have to ask is why are we having that conversation? why are we being shown snapshots that out of context box why are we discussing dates their 15 years before the events? there's two reasons. i think peter knows appreciate fully about what the reasons are. he's got a pretzel disagreement that we are directed at the financial sector because i think peter believes its self-regulating and effectively so. i would submit to you we've had an experimental test of this proposition. and that it's not true. financial markets are not effectively self-regulating.

fannie and freddie were accelerants at the end game of crisis. there was no question as institutions they bear some responsibility for the ultimate scale of the crisis. they are not the prime movers. the problem with them, the the reason they acted like accelerants was because they were given the government guarantee and a public mission and they were structured to act like private entities and private parties benefited from them. as all of us learned in some way or another, if you say to somebody, you have an implicit government guarantee, now go make as much money as you can for yourself, that person with that set of incentives is likely to take some very large

so, fannie mae and freddie mac are at the center of the u.s. mortgage market. there are a couple companies that were taken over by the government in 2008, and eventually received $188 billion in taxpayer bailout money. now, a curiosity about this bailout is that even though the government took over the companies, they left a lot of fannie and freddie, and preferred shares outstanding. at the time, they seemed worthless. the government has been taking all of fannie and freddie's profits since the crisis, but as the mortgage market started to turn and as the real estate market started to turn, certain investors, paulson among them, although we don't know when he bought his shares, started to see some value there and started to scoop the shares back up. carol: he is making money on it? correct? >> that is right. or at least the share prices have risen a great deal since see some value there and started to scoop the shares back up. the trough of the crisis. one of the difficulties for paulson and other investors is that the current terms of fannie and freddie's bai

but the trouble is that fannie and freddie were privatized in 1970. between 1970 and 1992 it was the same for with the same ability that they could buy mortgages and hold mortgages and security audits of mortgages but during that period through 1992 on the mortgages. why did they change? my point that in 1992, affordable housing goals. now he was correct that fannie mae and freddie mac did go into the mortgage-backed securities market began to buy private mortgage backed securities. wide? because the 1995 hyde -- hud said of those loans were backed by mortgages that qualified then you got credit for those mortgages. and with any may freddie mac ever provide those mortgage backed securities and savings over risk because they only from federal triple a fifth and a real risk was taken by the lowers so they became very enthusiastic in the early 2000's to buy mortgage-backed securities. why? because they were getting credit under the affordable housing goals without having to take their risk of the mortgages which at that point were high risk because those

for fanny and freddie in way they didn't look like they were on the hook for some of the others. now in the crisis -- how they were. but regretted that for aig they were, so you're right and he should have wrote more about the private banks that were engaged in mortgage industrial complex. but i do think that, you know, he tried on the prime mortgage regulation and on gse and new york fed tried on bank leverage a bit. the message to me from all of this is that regulation is politically very hard to do. so you have to be willing to consider interest rates as a way to push back against bubbles. >> i would take the conclusion you have to be willing to do regulation better. [laughter] and more view to systemic risk what happens if a big institution or very interconnected institution goes down. that was what no one really anticipated that what would happen if a layman would have -- went down. come to a different subject for just a minute, though -- come back the bush tax cut of 2001. i was personally really mad with the that, but he knows that. and i was curious distinct can you talk

so, fannie mae and freddie mac are at the center of the u.s. mortgage market. there are a couple companies that were taken over by the government in 2008, and eventually received $188 billion in taxpayer bailout money. now a curiosity about this , bailout is that even though the government took over the companies, they left a lot of fannie and freddie, and preferred shares outstanding. at the time, they seemed worthless. the government has been taking all of fannie and freddie's profits since the crisis, but as the mortgage market started to turn and as the real estate market started to turn, certain investors, paulson among them, although we don't know when he bought his shares, started to see some value there and started to scoop the shares back up. carol: he is making money on it? correct? >> that is right. or at least the share prices have risen a great deal since the trough of the crisis. forof the difficulties paulson and other investors is that the current terms of fannie and freddie's bailout requires them to send all of their profits to the u.s. govern

and they were very powerful lobbyists, fannie and freddie. but you make the point that while alan greenspan was very worried about frank and freddiee and what -- fannie and freddie and what might happen if theyed went bankrupt or seemed to be going down, he wasn't worried about big financial and private financial institutions. >> guest: yeah. i mean, that's true. i think he had a reason to be more worried about fannie and freddie, because there was a government, implicit government subsidy in their borrowing costs, and they were growing very, very fast. and it looked more obvious that the markets were expecting them to be bailed out. so the taxpayers were on the hook for fannie and freddie in the way that it didn't look asey if they were on the hook for some of the others. now, in the crisis -- >> host: it turned out they were. >> guest: -- it turned out they were.how th there was also lehman, but then they regretted that. for aig, they clearly were. so you're right. he should have worried more about the private banks thatwr were engaged in t

i think he had a reason to be more worried about fannie and freddie because there was that government subsidy in their borrowing cost and they were growing very very fast and it looked more obvious that the markets were expecting them to be bailed out, so the taxpayers were on the hook for fannie and freddie in a way that they did not look like they were on the hook for so many others. in the crisis-- host: they found out they were. guest: they regretted that and for aig and others and you are correct, i mean, he should have worried more about the private banks that were engaged in the mortgage industrial complex, but i do think that he tried on subprime mortgage regulations and the gse side and tim gardner tried on bank leverage a bit. the message from this is that regulation is politically very hard tove do, so you have to be willing to consider interest rates other way to push back against a bubbles. host: well, i would take the conclusion you have to be willing to do regulations better that was what no one really anticipated was what would happen if the layman went down. to a diff

at fannie mae and freddie mac are at the center of the u.s. mortgage market. there are a couple companies taken over by the government in 2008. and eventually received $188 billion in taxpayer bailout .oney the curiosity is that even though the government took over the company's, they left a lot of fannie and freddie, and shares. at the time, they seemed worthless. as the mortgage market started investors,rtain paulson among them, though we don't know when he bought his shares, they started to see the value there. >> he is making money on it? >> the share prices have risen a great deal since the drop of the crisis. fannie and freddie's bailout. all the profits to the u.s. government. all the profits to the u.s. government. the seal those profits start flowing to shareholders again. it is very much an outstanding question whether the administration or congress will it to happen and court cases where they start to change that policy. carol: this is where the story gets interesting. i think everybody has been trying to get their head around them for years before

fannie and freddie's bailout. all the profits to the u.s. government. the seal those profits start flowing to shareholders again. it is very much an outstanding question whether the administration or congress will it to happen and court cases where they start to change that policy. carol: this is where the story gets interesting. i think everybody has been trying to get their head around them for years before the crisis. are they government agencies, cause i government agencies? they were publicly held entities. it's kind of interesting. john paulson made a bet on donald trump. he was out there early, backing donald trump. it's curious to see what kind of leverage they will have, maybe be more favorable. those profits will ultimately go back to shareholders. john paulson has been spending money lobbying or supporting donald trump and his affiliated campaigns, if you will. joe: also became involved in the trump campaign early on when it seemed like trump didn't have a chance of winning the presidency. he has given more than $300,000 to not only trump, bu

congress, fannie and freddie, it does not fall along the partisan lines. democrats want to save fannie and freddie, democrats who want to eliminate them and the same on the republican side, they have been trying to convince some lawmakers to go to bat for what paulson would say are the rights of shareholders. the right to a share of these future profits. carol: some clinton supporters are coming around to the idea of president trump. >> it's not that they suddenly dislike clinton and love donald trump, the reason is they think trump, the reason is they think they will have things go well for their wallets. they are expecting tax cuts, to be deregulated, interest rates to go up. they might've had their feelings hurt during the campaign when trump was making fun of them, but now i think they know to look at their wallets. it is out of self interest that they are getting happy. we had one person say to us, i'm really upset about the things donald trump says about muslims, women, the things he says about immigrants and then i get greedy and i know things are g

at fannie mae and freddie mac are at the center of the u.s. mortgage market. there are a couple companies taken over by the government in 2008. and eventually received $188 billion in taxpayer bailout money. the curiosity is that even though the government took over the companies, they left a lot freddiecommon shares. at the time, they seemed worthless. as the mortgage market started o turn, certain investors, paulson among them, though we don't know when he bought his shares, they started to see the value there. and scooped the shares back up. >> he is making money on it? correct? >> that's right. at least the share prices have risen a great deal since the drop of the crisis. one of the difficulties for paulson and other investors is that the current terms of fannie and freddie's bail out requires them to send all the profits to the u.s. government. the seal those profits start flowing to shareholders again. it is very much an outstanding question whether the administration or congress will it to happen and court cases where they start to change that policy.

and finally, quick check on fannie and freddie. of course, a big mortgage financier is controlled by the u.s. government, backed by the u.s. government, and the person who looks to become treasury secretary has said they should be removed from government control, so we're seeing a big surge in both of those stocks today, scarlet. scarlet: we'll continue to monitor that one. julie hyman, thank you so much. oliver: this comes amid a big week for economic data. for more on that and insight and analysis about the economy, we're joined by carl tan he balm, chief economist for northern trust. carl has also worked at the federal reserve and the chicago fed, and also still with us is matt of bloomberg news. carl, welcome. let's start with you. we're looking here, trying to figure out what some of the fed's contacts around the country are thinking about the economic outlook. what's most important to you right now after we've seen this move in rates, we've seen this reaction from the election? carl: i think as the fed gets ready for its gath

bill ackman is a main proponent of fannie and freddie. how we don't know exactly many shareholders there are. but as you mentioned, bill ackman is a shareholder, bruce berkowitz, he is a major shareholder. the parry capital, richard stills hedge fund, they own shares and are providing funds and some of these court cases. vonnie: coming up, president elect don't trump is -- president-elect donald trump is -- this is bloomberg. ♪ david: live from bloomberg world headquarters in your, i am david gura. vonnie: i am vonnie quinn coul . mark crumpton is in our newsroom. k: donald trump is back at the white house with another meeting of high-profile members could ross and jonathan gray and nugent, according to a person familiar with the hiring process . tennessee senator bob corker is on list for secretary of state including mitt romney. at dog madness is looking secretary of defense. voters have a favorable or ratingt the favorable of the incoming president. his favorability rating has jumped nine point since election. theresa may is offering

a vietnam vet frank fanny he in lakeland. veterans friends and family were able to release a different. fanny owns the duffs which are trained to fly back home after they are released. >>> in sarasota today veterans elected officials and even local bands made their way down plain street to five points park. as you can see crowds gathered along the side of the streets and there were plenty of flags waving. a ceremony followed at the park to honor all of our service men and women. >>> one of the largest veteran's day ceremonies in the area takes pl the florida national cemetery in bushnell. hundreds gathered there today to share stories hear patriotic music and to stroll through that hallowed grounds. more than 10,044,000 men and women who fought for our country and their spouses are buried at the florida national cemetery. in fact our own steve jerve ceremonies. >> it's a very solemn place to visit. and contemplate the men and women that have served our country. today is veteran's day of course we have memorial day but we are

then there are mortgage giants, fannie mae and freddie mac, when are under government conservatorship. their stock moved higher with some investors thinking they'll be recapitalized and released, but donald trump said nothing about the two during the campaign. now we have a republican-controlled congress, and the mortgage giants generate billions of dollars that go straight to the treasury. that money could be well spent on the infrastructure projects donald trump has promised. >> the gse fannie mae and freddie mac are throwing roughly $15 billion a year in cash to the treasury. that pays a lot of bills. >> reporter: housing is likely low on the president-elect's to do list. the recovery is bumpy but not broken. so why jump in to try to fix it. i >>> investors are trying to figure out how a trump presidency may impact the media sector. as julia boorstin reports, for digital video companies, the stakes are higher than ever. >> facebook, twitter, snapchat, they're all doubling down on video, saying it's key to their future, a range of companies counting on streaming video to drive subsc

as the of lobbyist fannie and freddie. that alan greenspan was sorry about fannie and freddie and with those private financial in situations? gimmicky had a recent to be more worried because there was a government and it looked more obvious because the taxpayers for of the book and then the crisis but they regretted that so you are right those private banks that were engaged, but i do think that he tried doc and the aegean seas size with the one beverage before me that regulation politically is very hard to do you have to be willing to consider interest rates at those low close. >> c. have to me you willing to do regulation better. there is more systemic risk. to be very interconnected. what if it went down? and then to come back personnel was mad at espousing that but that was a curious incident. >> guest: in some ways to have his emergence with his political except in some washington to crystallize in 1993 when he endorsed the clinton budget package and that will raise the deficit. and with the "state of the union" speec

secondly dealing with fannie and freddie. and look, from my standpoint, we have to do away with the model of public sector losses and private gains. i think to have two that are guaranteed by the federal government and yet we have stockholder ownership. i will say i don't agree with everything that bill ackman has talked about. i do think that he understands that. and i think maybe there's a way to get to a place that is not the system that we have today. i mean, it is -- the model that we have had is totally, utterly ridiculous. i mean, it is ridiculous. to have fannie and freddie with a half percent capital and $5 trillion in assets combined is a ridiculous model. we'll see where that goes. again, i'm hopeful that that will be dealt with. i will say fannie and freddie is the most complicated issue i've dealt with since i've been in the senate. far more complicated than alleviating the excess of dodd/frank. and it's going to take some gray matter to get it in the right place. >> okay, senator. >> thank you. >> thank you. >>

fannie and freddie and government ownership since 2008. we have seen somewhat radical, ideologically driven proposals put forward in washington for the past eight years. none of them have focused on protecting the taxpayer. the government is still control leavinge way they do, the taxpayer fully exposed especially because they have no -- i heard that someone who actually lived on the desk and has a greater understanding for under a president who is a believer in making things happen and deals and not living the perfect being the enemy of the good, saying, it is time to let go of ideology and move toward time at his appeared a deal to be done for the benefit of the taxpayer, let's get it done. think the deal is, obviously, we do not know what it is. it is either one of two things. fully private enterprises, which i do not think is realistic. that is what we saw jeff propose . there are problems for a whole host of reasons. social problems in terms of consumer access to credit and secondary mortgage markets. it also has other problems. i thi

fannie and freddie are both up more than 40% right now. back over 4 bucks for first time since the financial crisis. the reason, the aforementioned steve mnuchin saying that the government needs to end control over fannie and freddie. remember, guys, they took control of fannie and freddie after the financial crisis. the current president, president obama, said the government needs to continue to control them, but the incoming treasury secretary saying, hey, these should not be under government control, the market likes the fact that these may be returned to private ownership, those are whopping stock moves. >>> already, now that carrier reached a deal with president-elect trump to keep jobs here in the united states, which companies could be next? phil lebeau is live in chicago with more. >> we reached out to a number of companies that have either publicly said or indicated they're moving plants or jobs down to mexico, plants that are -- jobs here in the u.s. here is what we heard back from some of the companies. nobody has been contacted

so essentially it is a fannie and freddie putting members of congress on the morning that if they kept the portfolio sizes, they would face a barrage of ads, so it is a limit to what the regulators could do. >> host: i think that is true and they were very powerful lobbyists, fannie and freddie. you make the point that while he was worried about cme and freddie and what might happen when they went bankrupt. they were on the hook in the way that they didn't look at it if they were on the hook for some of the others. now into crisis they would often regret that and so you are right he should have worried more about the private banks that are engagewere engaged in the mortge industrial complex but i do think that he tried in the subprime mortgage regulation ant the gse and the new york fed tried on the bank leverage a little bit the regulation is hard to do so you would need to be willing to push back against the bubbles. it's what happens if the big institution or very interconnected institution goes bad. that is what no one really anticipated what would happen if it went down. come to a

no, i was in a drive-in movie, and i was trying to mess around with fast fannie, and she hit me from the front. see, they call that fist lash. y glad to see that you finally decided to clean up all this terrible trash that's been lying around this ugly, filthy yard! that's right, grady. is there anything i can do to help you? yeah, jump in. you shut up, grady. say, fred, i hope you don't mind me interrupting, but don't you think that the comic section would look better over here on the sofa, and the sports section over there by the door? don't make no difference, grady, as long as it looks messy. wow. you know lamont's gonna be awful mad when he comes home and sees all this trash around. i know that. that's why i did it. well, see, grady, for the last week or so, lamont's been acting weird. well, what do you mean? i mean, he's been nice to me and polite and easy going. and whatever i do is ok. now, that makes me worry about him. oh, i see. and you think if he comes in and sees all the trash around, that he'll get mad and he'll be his old self again. well, i hope so, grady, but i'm no

fannie eisenblow ingberg employeeing out the candles on her cake. she's a holocaust sur vooifrs. she have hid refugees concentration camp. she volunteers at the holocaust museum because she feels she has an important story to share. we could not agree more. >> what a story. >>> coming up e hear , hear the 911 call by a maryland woman attacked by a bear. >> people love going to the movies including people who are hard of hearing or deaf depend on these captioning devices required by law. sometimes they don't work. tonight at 11:00 our team i'm afraid you're suffering from fobo. fobo? fobo. fobo... fear of better options. cure fobo with black friday savings now. up to 40% off, 24-months special financing, and free delivery. at hhgregg. he gets a lot of compliments. ing all nice. and then people just say, ?thank you for serving our country? and i'm like, that's my dad. male vo: no one deserves a warmer welcome home. that's why we're hiring 10,000 members of the military community by the end of 2017. i'm very proud of him. >>> it's a birthday present their parents will likely never f

she is named vice chairman of fannie mae. and then five and a half years she will make $25 million. but then after the 9/11 commission said she basically is overseeing the events leading up to september 11. a parole 2004 are john ashcroft decide -- testified the same goal greatest rusher applause with the september 11 was the wall. pet mentioning protesters in the run-up to september 11 but 2 weeks later uses but then the compels me to inform you that the officer is a member of this commission. but what was breached way to easily when it came to protecting the security of the united states. know i will close with one last anecdote. and then we will take some questions. in early july and this year a state press conference that the national press club said to take that to board member and the 94 the then he says yesterday by the way tomorrow i am having lunch with the chairman of the ntsb. do want to come? share. [laughter] so i go to lunch and i am looking with the point of connection with christopher hart. and trying to convince them this is worth looking at. he mentioned he was on

fannie mae o other bank. 7:46 jeremy: whether it's a high end neighborhood or a low-end neighborhood, no one wants to be living next to someone that doesn't care at all about the property that they're occupying and that in and of itself is the biggest problem that we have. darcy tag: state laws passed in reaction to the recession made it much harder for banks to foreclose, leaving a greater share of homes floating along. now legislators are looking at more new laws to combat the unforeseen consequence of squatting. all-new stories for 13 action news live at 3-30... including the officer in the facebook live shooting that sparked controversy across america... faces criminal charges why authorities say it could have been racially motivated..... also ahead... a gas explosion kills one person... now authorities are trying community plus... police find a body... they believe to be a missing man from connecticut. and new information about why prosecutors pressed criminal chrg police officer for the shooting death of a black man. we begin... with a first alaert look at our local weather. bry

there are 1,390 bank-owned homes in southern nevada and as you can see on thim fannie mae owns more than any other bank. 7:46 jeremy: whether it's a high end neighborhood or a low-end neighborhood, no one wants to be living next to someone that doesn't care at all about the property that they're occupying and that in and of itself is the biggest problem that we have. darcy tag: state laws passed in reaction to the recession made it much harder for banks to foreclose, leaving a greater share of homes floating along. now legislators are looking at more new laws to combat the unforeseen consequence of we're continuing to follow breaking news.. wind damage. 13 action news reporter bryan callahan just got to mccarran--he joins us live. bryan a texas couple is proving.... you can take the trip of a using credit card tricks... a -52- thousand dollar trip... only cost them..... -4- hundred dollars. they did it... by taking advantage of credit card rewards and piling up.... sign- up bonuses for six months. "we got about 15 sign up bonuses, and we racked up about a million miles in points," "befor

fannie mae owns more than any other bank. 7:46 jeremy: whether it's a high end neighborhood or a low-end neighborhood, no one wants to be living next to someone that doesn't care at and of itself is the biggest problem that we have. darcy tag: state laws passed in reaction to the recession made it much harder for banks to foreclose, leaving a greater share of homes floating along. now legislators are looking at more new laws to combat the unforeseen consequence of squatting. darcy spears, 13 action news. firefighters are out on the lines tonight in six states across the southeast.. battling major wildfires. that includes georgia.. alabama.. kentucky.. tennessee.. and the carolinas. it's visible from space. officials say the fires are being fuled by unusually dry conditions. despite the danger.. some people under evacuation orders are refusing to leave their homes. adlib let's go to chief meteorologist bryan scofield and '13 first alert weather.' friday will be off to a cold start across all locations of southern nevada and northern arizona. in las vegas the overnight low, or morning and

she began her career on the stage and quickly took show business by storm, landing the title role in "fanny" on broadway. >> in 1959, henderson was hired to be the very first today girl here on nbc."today girl here on nbc.: girl here on nbc. she was also the first woman to ever host "the tonight show" before johnny carson took over. from "the puppets show" "to later today" to reality tv, henderson remained a fixture on american television screens long after mrs. brady said her last good night. >> her death coming as a shock to many. earlier this week she was seen in the audience of "dancing with the stars." today condolences came pouring in from her on-screen kids. you are in my heart forever. >> proud to call her mom and a lifelong friend. >> henderson never lost site of how lucky she was. >> i am so blessed to be able to still do what i love. florence henderson was 82. >>> still ahead here tonight, if you've ever been told you're allergic to penicillin, a new study will make you think twice and may change the way many are treated when they get sick. >>> also, we take you to that accidenta

when he started talking about about privatizing freddy mac and fanny may. i'm from prince george's county still recovering our housing industry. what's going to happen when minorities and women-headed families are going to be relying on these organizations that aren't really there for them anymore? it's bad enough as it is and it's not going to get better with him. >> some say, look, he's a financialier hollywood. he doesn't have government experience maybe he's going to bring a fresh perspective >> you have to look at someone's past to know what the future might be, and if you look at the sweetheart deal he got, looks like to me, when he took over one west? boy, that seemed like already we should all be concerned. he was the one who, the king of foreclosed on. we don't need to make the easier, we need to make it easier for people to keep their homes, that's not what he specializes in. he specializes in him making money. >> let's talk about the big news, as a democrat, we're talking about nancy pilosi, challenged by tim ryan of ohio and the take away by not

she began her career on the stage and quickly took show business by storm, landing the title role in "fanny" on broadway. the spunky blond became a trail blazer. >> in 1959, henderson was hired to be the very first today girl here on nbc. she was also the first woman to ever host "the tonight show" before johnny carson took over. from "the puppets show" ? >> "to later today" to reality tv, henderson remained a fixture on american television screens long after mrs. brady said her last good night. >>d >> her death coming as a shock to many. earlier this week she was seen in the audience of "dancing with the stars." today condolences came pouring in from her on-screen kids. you are in my heart forever. >> proud to call her mom and a lifelong friend. >> henderson never lost site of how lucky she was. >> i am so blessed to be able to still do what i love. i'm just grateful. >> florence henderson, generation. >> florence henderson was 82. still ahead here tonight, if you've ever been told you're allergic to penicillin, a new study will make you think twice and may change the way many are treated

fanny g got help, too. >> they came and put me in wheelchair and brought me out to my car with my groceries. thank god i can get out. and get home. >> reporter: now because this was a transmission line the water department says that water was never lost to the businesses. so it's up to the businesses we're told as to whether or not they will open tomorrow. cleanup will continue tomorrow. back to you, dawn. >> all right, dave, thank you. this wasn't the first time this transmission main rupture. water department officials say it's happened before and they're expediting plans to replace that aging main. now the first water main break was back in january of 2014. and then in june of 2015 and then again in september of 2015. officials cannot yet pinpoint the exact cause. but admit the city's mains are over 100 years old and are in need of on-going inspection and repair. >>> now to developing story in new york city. the city is in mourning after police say a home invasion suspect killed one of its officers and injured another. sergeant paul truzolo was 19 year veteran of the force and a father o

we will get her take on the all caps agenda and fannie and freddie. donald trump's agenda and fannie and freddie. -- scarlet: bank stocks continue to rally as investors bet that a donald trump presidency will sideline some of the industry's sharpest critics. earlier today, janet yellen warned lawmakers that any changes to bank supervision need to ensure we don't repeat the financial crisis. i certainly would not want to see all the improvements we have put in not want to see the clock turned back on those because i do think they are important in diminishing the odds of another financial crisis . scarlet: joining us from washington is representative maxine waters from california. congresswoman thanks so much for joining us today. i want to start with a letter that you sent to financial services trade groups regarding the appointment of steve bannon as president-elect donald trump's strategic advisor. you mentioned that as leaders in the business community, these leaders should have more obligation to speak out against his appointment and you addressed

she began her career on the stage and quickly took show business by storm, landing the title role in "fanny" on broadway. the spunky blond became a trail blazer. ♪ walking around >> in 1959, henderson was hired to be the very first today girl here on nbc."today girl here on nbc.: girl here on nbc. she was also the first woman to ever host "the tonight show" before johnny carson took over. from "the puppets show" "to later today" to reality tv, henderson remained a fixture on american television screens long after mrs. brady said her last good night. >> good night. >> her death coming as a shock to many. earlier this week she was seen in the audience of "dancing with the stars." today condolences came pouring in from her on-screen kids. you are in my heart forever. >> proud to call her mom and a lifelong friend. >> henderson never lost site of how lucky she was. >> i am so blessed to be able to still do what i love. i'm just grateful. >> florence henderson, the matriarch of a generation. florence henderson was 82. >>> still ahead here tonight, if you've ever been told you're allergic to pe

look at shares of fannie, freddie. fannie mae and freddie mac, they're penny stocks following receivership they were put in, all the profits they make, they make profits after they almost went belly-up going back to the federal post. government, that donald trump is close to carl icahn and two hedge fund managers want profit reverted back to fannie and freddie he will reverse what obama is doing. i would tell people not to bet on that. neil: sorry to jump on you. we have a lot more after this. because, healthier doesn't happen all by itself. it needs to be earned every day. r by millions of others. as a health services and innovation company optum powers modern healthcare by connecting every part of it. so while the world keeps searching for healthier we're here to make healthier happen. what?pony neighing] hey gary. oh. what's with the dog-sized horse? i'm crazy stressed trying to figure out this complex trade so i brought in my comfort pony, warren, to help me deal. isn't that right warren? well, you could get suppor

fanny: everybody is wondering, is that what he says, is that what he is going to do? they do not have any experience with this man is a politician to compare what he says to what he does. it is an open pandora's box. you do not know what is in it or what you will get. apart from the fact he has a clear vision, he says he want to make america great, the jobs do not move overseas, that certain trade deals will be renegotiated. a lot depends on congress, which is in republican hands right now. but it does not mean donald trump is going to get a free ride. even in congress, even though there is the majority in the senate and house, not every republican support every move of donald trump. we will see what happens in the next few months. sarah: thank you. in the meantime, u.s. president barack obama said he has been heartened by trumps call for unity. he says will many americans were celebrating, others were not. but, that all americans should want what is best for their country. let's listen in. president obama: one thing you realize quickly in this job, is that the presid

ricky rubio not even looking and bledsoe bounces it off his fannie right there. and to himself and goes back door for the layup. the suns outscored 31-10 in the tenth quarter. we stay on the hard quarter thanks to the college kids. grand canyon university taking number three in a row. lopes on the run. it's good. gcu on a role win it 70-37. can't forget about the coyotes. the 'yotes looking to get back into the win column. no score in the early going. not for long. connor mcdavid thrng kid is something special. watch this play. not much to do about that. he lights the lamp. captain coyote looking to change that. sends it to overtime and that's not enough in a coyotes win it. >> thank you. we got breaking news into our newsroom. that long time cuban leader fidel castro has died at the age of 90 years old. that's a big developing story just came down and we will have the latest on that coming up tomorrow morning on fox 10 arizona morning starting at 6:00 wih ty brennan and anita roman. we will see you then have a good >> announcer: the following is a paid commercia

ricky rubio not even looking and bledsoe bounces it off his fannie right there. and to himself and goes back door for the layup. the suns outscored 31-10 in the tenth quarter. we stay on the hard quarter thanks to the college kids. grand canyon university taking on the lones looking for win number three in a row. lopes on the run. it's good. can't forget about the coyotes. the 'yotes looking to get back into the win column. no score in the early going. not for long. connor mcdavid thrng kid is something special. watch this play. not much to do about that. he lights the lamp. captain coyote looking to change that. sends it to overtime and that's not enough in a shootout the coyotes win it. >> thank you. we got breaking news into our newsroom. that long time cuban leader fidel castro has died at the of 90 years old. that's a big developing story just came down and we will have the latest on that coming up tomorrow morning on fox 10 arizona morning starting at 6:00 wih ty brennan and anita roman. we will see you then have a good night. or we can save five hours and

born in dale, indiana, she began her career on the stage and quickly took show in "fanny" on broadway. the spunky blond became a trail blazer. ? walking around ? >> in 1959, henderson was hired to be the very first today girl here on nbc. she was also the first woman to ever host "the tonight show" before johnny carson took over. from "the puppets show" ? >> "to later today" to reality tv, henderson american television screens long after mrs. brady said her last good night. >> good night. >> her death coming as a shock to many. earlier this week she was seen in the audience of "dancing with the stars." today condolences came pouring in from her on-screen kids. you are in my heart forever. >> proud to call her mom and a lifelong friend. >> henderson never be able to still do what i love. i'm just grateful. >> florence henderson, the matriarch of a generation. >> florence henderson was 82. still ahead here tonight, if you've ever been told you're allergic to penicillin, a new study will make you think twice and may change the way many are treated when they get sick. also, we take you to

and $25 million as vice-chairman of fannie mae. and sat down and 5 democratic positions on the 9/11 commission. basically overseeing the events leading up to september 11th. in april 2004, attorney general john aircraft -- john ashcroft testified before the 9/11 commission and he said, quote, the single greatest structural cause for september 11th was the wall. the wall memo that prevented the cia and fbi from speaking to each other. i should note the head of the fbi missile team protested loudly about the wall in the run-up to september 11th and he went public with this protest. he said we can't look for him because we are investigators with intelligence positions. two weeks after he said that, he said people are going to die. two week later this fellow, 18 of his buddies, they hijack the 4 planes and kill 3000 people because of the wall. full disclosure, he continues, compels me to inform you the memorandum, a member of this commission. the author of that memo is jamie borelli. as the nation learns in the aftermath of 9/11, the w

she began her career on the stage and quickly took show business by storm, landing the title role in "fannie" on blazer sneet i could teach ? ? the walking around ? >> in 1959 henderson was hired to be the very first "today girl" here on nbc. she was also the first woman to ever host the tonight show before johnny carson took over. from the municipal ets show ? for all my life ? >> to later today, to reality tv, henderson remain a fixture on american television screens long after last good night. >> good night. >> her connect dumbing as a shock to many. her death coming as a shock to many. earlier this week she was seen in the audience of "dancing with the stars." today condolences came pouring in frommon screen kids. you are in my heart forever. proud to call her mom and a lifelong friend. henderson never lost sight of how lucky she was. >> i am so blessed to be able to still do i'm just grateful. >> new orleans henderson, the matriarch of a generation. >> florence henderson was 82. >>> still ahead here tonight, if you've ever been told you're alerg into penicillin, a new study will make yo

she began her career on the stage and quickly took show business by storm, landing the title role in "fanny" on broadway. ? walking around ? >> in 1959, henderson was hired to be the very first today girl here on nbc. she was also the first woman to ever host "the tonight show" before johnny carson took over. from "the puppets show" ? >> "to later today" to reality tv, henderson remained a fixture on american television screens long after mrs. bra last good night. >> good night. >> her death coming as a shock to many. earlier this week she was seen in the audience of "dancing with the stars." today condolences came pouring in from her on-screen kids. you are in my heart forever. >> proud to call her mom and a lifelong friend. >> henderson never lost site of how lucky she was. >> i am so blessed to be able to still do >> florence henderson, the matriarch of a generation. >> florence henderson was 82. still ahead here tonight, if you've ever been told you're allergic to penicillin, a new study will make you think twice and may change the way many are treated when they get sick. also, we take

she began her career on the stage and quickly took show business by storm, landing the title role in "fanny" on ? walking around ? >> in 1959, henderson was hired to be the very first today girl here on nbc. she was also the first woman to ever host "the tonight show" before johnny carson took over. from "the puppets show" ? >> "to later today" to reality tv, henderson remained a fixture on american television screens longft last good night. >> good night. >> her death coming as a shock to many. earlier this week she was seen in the audience of "dancing with the stars." today condolences came pouring in from her on-screen kids. you are in my heart forever. >> proud to call her mom and a lifelong friend. >> henderson never lost site of how lucky she was. >> i am so blessed to be able to still do >> florence henderson, the matriarch of a generation. >> florence henderson was 82. still ahead here tonight, if you've ever been told you're allergic to penicillin, a new study will make you think twice and may change the way many are treated when they get sick. also, we take you to that accidental