panel, "wall street journal" columnist simon kohn stabl and fox business network's stu varney. what we said in the tauz wasn't exactly right. we said that president obama said we righted the howing ship and he hasn't said that. he said it's still a big challenge, housing is still a huge drag on the economy and these numbers bear that out. >> and it's going to be an even worse drag on the economy. we've just had the settlements by the banks of the foreclosure mess so now we've clarified the procedures that must be performed for a foreclosure. this opens up the flood gates to foreclosures. they have been holding back to clarify the rules. megyn: because they've been so terrified because they messed it up and got in a bunch of legal trouble. now it's been resolved so it's open season on foreclosures. >> that's why realty track says you're going to have a million foreclosures this year, up from last year. this is bad news for the housing industry. more foreclosures means more houses on the market for sale which pushes the price probably even lower. megyn: but doesn't it clear