House energy and Commerce Committee and it appears gms Ceo Mary Barra knew more than she has been saying. Rich edson has been going through all these documents. Rich . Gerri, General Motors engineers knew about chevy cobalts shutting off inad vert antly a decade before they recalled dozens of these cars. That is what documents in the house energy and Commerce Committee showed. Engineer was writing aways very aware with inadvertent ignition office. The piece cost of the ignition switch went up 90 cents and 400,000 in tooling and almost 500,000 doll in volume. Another gm document showed the Company Already decided cost was too high. In report entitled, quote, cost estimate to change the vehicle key for the cobalt only, the author writes, quote, none of the solutions represents an acceptable business case. In other words the solution is too expensive that very report says a lengthy lead time cost and no guaranty their proposed fix would fully solve the problem. By last year, federal regulators were complaining of gms cooperation saying in an email to the company that quote, the general perception is that gm is too slow to communicate, slow to act and at types, requires additional effort of odi government officials that we do not feel us necessary with some of your pierce. Peers. Committee investigators say Ceo Mary Barra received an email in 2011, discussing steering problems in cobalts, eye ons and other gm models. Ions. Berra was gm of global product development. Gm has not got back to us about that particular claim. That issue barra was aware in 2011 was completely separate from the ignition issue. That tweet going out a couple of minutes ago. Barra testified on capitol hill she had no prior knowledge of that ignition problem. Federal government gave gm 50 billion in a bailout with a loss of more than 10 billion. Gerri. Gerri rich, we spent a lot of time looking at 2011 tweet, that gm says Something Different entirely what were talking about the with the gm recalls, it is surprising because the email itself resends a New York Times story and it describes the recall that were discussing. Then on top of it, there is internal email from, one of the workers there saying, whoa oh, we took care of this. Now we took a look at mary barras comments in front of congress and she said she acted without hesitation. Seems like it is at least possible at this point she knew about this far in advance, as long ago as 2011 . Well what the company is saying it is entirely separate issue. That this had to do with a steering function i believe it was and not that ignition problem that was, that there was so much scrutiny. Now easy to possibly confuse the two only because the steering column of course involves the ignition switch where the problems with this. Gerri right. If you hit it with your knee the car would shut off and the airbag wouldnt deploy. Gm is denying there is any link between the current ceo, mary barra and what had happened but this is a very long list of General Motors knowing about this issue at least according to these documents, going all the way back to about a decade ago, taking that long to finally recall and fix this issue. Gerri rich, thanks for that. Appreciate your time. With more on this story, what it means for gm is lauren fix, the car coach. Lauren, welcome back to the show. Great to have you here. Thanks. Gerri i want to ask you, i want to ask you specifically about this 2011 email received by mary barra. She has been very clear in her states that this was not an issue she was familiar with. That she acted without estation. Hesitation. That was her testimony in front of congress. Were looking at that email in question right now. Below what you see on tv screen here is the New York Times story reprinted that describes the problems that weve been talking about with the ignition switch, steerying. And now the company today, this afternoon, tweeting only moments ago that this is not the same issue. That it is Something Else entirely. What do you make of this scenario . Right. That is true. This is Something Else entirely. This is electric power steering. They had quite a few recalls. 3500 on gm vehicles and 846 complaints on saturn. So nhtsa, national Highway Traffic Safety Administration investigated in the actual steering rack. This is not the ignition switch. But there is an additional recall on the ignition switch for those people affected by the recall with the ignition key. Theyre now finding when the key was in the on position, when the car was started you could remove the key from the cylinder. That is the part where you put the key in the ignition turn it, not the part that steers the wheels. This email that youre looking at, the one where the gentleman who now works for american a sell sent to mary barra is discussing power steering rack which is electric and failure rate which is quite high and there was a recall. She may have been proactive on this but because she was involved in safety makes me wonder what other emails are out there that gives you question about her, what her statement in front of the judiciary committee. And start to think to myself, certainly gives doubt and it makes for a lot of concern for gm as a whole. From my perspective i think it is, this is a big chunk of gms problem but we still keep going back to why was it swept under the rug . Why was this not released to consumers so that cars could be safer on the road . And that safety definitely is something that were still going to have to peel through all the documents. Im sure well be reading them all night tonight trying to figure out more details. Gerri this is the usual friday dump, right . They do this sojournnallists dont look at the stuff and maybe everybody forgets about it. I want you to hear gm ceo barras testimony in front of Congress Weeks ago. Here she is. You mentioned in your testimony this came to light on your batch. So im assuming there was no widespread knowledge in fm about this issue until you became ceo, am i correct on that . At the senior level of the company, we learned of this after the recall decision was made on january 31st. I was aware in late december. There was analysis going on a cobalt issue but i had no more information than that. Gerri there you have it. She says she didnt know about this until january 31st. Given the emails that we see on other kinds of recalls, it is a wonder she didnt see recalls or emails on this specific issue. Does it surprise you . No. She was taking advice from her counsel, best thing is to say, i dont know, well lk into it. As we saw the humor from saturday night live following few days. The truth of it is, sad part of this is, very likely to me she was involved in safety, that when she took this position, she went through files to see what was going on and must have knownthis somehow, some way and maybe she thought it was fixed but the problem it still falls back on her watch when she was involved in safety. But she is not the only person. None of these decisions are made by one person. Just like on your show, if someone wants to make a change, multiple people are involved in it. So these are things that i think theres a lot more than meets the eye. Were just cracking the surface now. Gerri just cracking the surface. Lauren fix, thanks for coming on tonight. Appreciate your hustle to get on the show tonight. Appreciate your time. Great reporting. Thank you. Great reporting from our own rich edson. From safety to health care the face of obamacare is out. While sebelius is out of the picture of course but heres what she had to say. Kathleen sebelius, my secretary of health and hewlettpackard services told me she would be moving on once the first open Enrollment Period under the Affordable Care act came to an end. After five years of Extraordinary Service to our country, and 7 1 2 million americans who signed up for Health Coverage through the exchanges she earned that right [applause] gerri lots of cheering for sebelius but what can we expect Going Forward . Joining me town hall senior Political Editor guy benson. Welcome back to the show. Good to see you. Good afternoon. Gerri are you surprised . Do you think this should have happened sooner . Of course it should have happened sooner. It should have happened on october 1st when the healthcare. Gov and website and exchanges face planted on day one. Kathleen sebelius and hhs and this administration had four years of lead time and hundreds of millions of taxpayer dollars to get a functioning website up and running and they said, in public, all the way up until october 1st, were ready to go. Were ready for prime time. It is launching october 1st even though behind the scene they were crashing in their own tests. This was extraordinary incompetence and glowing words from the president that we just heard are just sort of galling to listen to when juxtaposed with the actual job that Kathleen Sebelius did. Gerri well, referencing some of your comments there, lets take a listen to some much her more controversial moments. There is absolutely no evidence, and every economist will tell you th, that there is any job loss related to the Affordable Care act. We were anxious to get the website up and running, and functional, which we clearly have failed to do. It is the president s ultimate president , correct . You, you clearly, whatever. No one has been fired. My goal is to actually get the website up and running. Majority of people calling for me to resign i would say are people who i dont work for. Gerri guy, i have to say i think sebelius became a whipping boy for obamacare in many ways. And im not sure that anybody could have overcome what is monstrosity of a law that was badlywritten, completely confusing, poorlyincented. Just a bad idea. Could anybody have run this ship . Well, if i wanted to channel Kathleen Sebelius i would answer that question by just shrugging and saying whatever. I will actually try to answer your question, gerri. She, to some extent she was poster wild for this whole mess and out there in testimony and asked tough questions. If you look at substance of the law, broken promises, people getting cancellation letters, sticker shock, access shock. She did not conceive of and write the law and it was her job to implement the law. She did empirically terrible job doing that. So it should have been an october 1st resignation. She said a few weeks ago she would stick around until november. Apparently that is not the case. Shes out and good riddance. Gerri talk about silvia burwell, the omb candidate who is coming in. What do you make of her . Will she be better . Lets see how her confirmation hearings go. I dont want to leap to any conclusions about the type of job she would do at hhs i think there will be probably be many some very conscience hearings in the near future. We look back at work product recently for the obama administration. She is at omb, the budget office. She reprided over president obamas recently released budget came out a month late. So that is maybe not a great start for must miss burwell. I have issues as conservative with the budget itself and so did many members of congress as product she put out on the behalf of the president received two hole votes in house of representatives, rejected 4132 yesterday. Gerri well i guess they have a long way to go on this one too. Im not sure if anybody can right this ship, guy. Thanks for coming on the show. Appreciate your time. Thank you, gerri. Gerri we have more to come this hour, how do you do that . Deciding if you should design on the bottom line for your kids mortgage . Markets taking a plunge. What should you do to protect your money . Were looking out for you and your money next. My dad has aor afib. Brillation, he has the most common kind. Its not caused by a heart valve problem. Dad, it says your afib puts you at 5 times greater risk of a stroke. Thats why i take my warfarin every day. But it looks like maybe we should ask your doctor about pradaxa. In a clinical trial, pradaxa® Dabigatran Etexilate mesylate . Was proven superior to warfarin at reducing the risk of stroke. And unlike warfarin, with no regular blood tests or dietary restrictions. Hey thanks for calling my doctor. Sure. Pradaxa is not for people with artificial heart valves. Dont stop taking pradaxa without talking to your doctor. Stopping increases your risk of stroke. Ask your doctor if you need to stop pradaxa before surgery or a medical or dental procedure. Pradaxa can cause serious, sometimes fatal, bleeding. Dont take pradaxa if you have abnormal bleeding or have had a heart valve replaced. Seek immediate medical care for unexpected signs of bleeding, like unusual bruising. Pradaxa may increase your bleeding risk if youre 75 or older, have a bleeding condition or stomach ulcer, take aspirin, nsaids, or blood thinners. Or if you have kidney problems, especially if you take certain medicines. Tell your doctors about all medicines you take. Pradaxa side effects include indigestion, stomach pain, upset, or burning. If you or someone you love has afib not caused by a heart valve problem. Ask your doctor about reducing the risk of stroke with pradaxa. Gunderman group is growing. Getting in a groove. Growth is gratifying. Goal is to grow. Gotta get greater growth. Growth . Growth. I just talked to ups. Theyve got a lot of great ideas. Like smart pick ups. Theyll only show up when you print a label and its automatic. We save time and money. Time . Money . Time and money. Awesome. Awesome awesome awesome awesome awesome awesome awesome all awesome i love logistics. Gerri we have another selloff for stocks today. Did you see that . Capping off a brutal week for your portfolio. The highflyers, falling heavily again today. Nasdaq slipped to below 4,000 for the first time in more than a month. The dow and s p 500 also closing down. For more on this david nelson, chief strategist at bell point asset management. We have ed butowsky from chatwood invests. Welcome to both of you. I just had about enough of this, let me tell you. Is this the correction, david nelson, that the market has bn watching for . We saw the first cracks really last month. Started in the biotech sector. I can point to the day. It was gerri you predicted it. I did put out a note. I put out a note to the press what happened was pretty serious. On that day the house subcommittee sent a letter to ceo of gilead questioning the pricing. That sent a shock wave through the biotech sector. It was a horrific selloff. Now the biotechs are down 30 from the highs. Gerri ed, more than just biotech, my friend. The nasdaq getting killed. The nasdaq down. 1 on the week. The dow down 2. 3 . What is going on here . Well, ill tell you what is happening. Earnings forecasts are under assault right now. Stocks move up in anticipation of earnings being achieved. And right now this is not your average and everyday correction, gerri. You see around the world earnings are not coming in with what people had forecasted. Youre seeing earnings revisions coming in and as a result of that, this market, were entering into a real ugly period. Im not a naysayer or debbie downer, but dont think this is normal correction. I think we have a lot of downward pressure on this market coming up. Gerri i was really hoping you would wouldnt say that, ed. Yeah. Gerri he had. Do you agree david . I know there is rotation out of Growth Stocks into some value stocks s that what is going what is hyped all of this. This is a big part of this. I will not disagree with ed but i think there is another dynamic we have to explore. A lot of these high momentum, high valuation stokes this is where hedge funds live. Theyre levered up. Theyre very crowded in these trades. A lot of time we think hedge fund as masters of the universe. Sometimes theyre the dumb money. When they exit position it is can look like the three stooges. I think thats what youre seeing, this huge unwind not growing to cash. Were rotating to value stocks right now. Gerri ed, i dont think even people know how to buy value stocks anymore. Yeah. Gerri you remember when you used to buy, warren buffett, buy value. Thats right. Gerri i worked at smart money magazine we looked for stocks that had been sold off. Looking for companies that would grow slowly over time, maybe small caps. What do you make of that analysis . Well i agree with you. It is tough to discern what is a value stock versus growth stock. And do they trade differently. David and i talk an we agree on a lot of things. David i will disagree this is rotation thing. I agree hedge funds are punishing a lot of stocks. The pain trade is on but stocks move in anticipation of future earnings. Tell me where is the Earnings Growth coming from anywhere in the world . It is not out there. Gerri good question. It, you know, ed, i got to disagree to a certain extent. We knew this quarter brit on, david. Bring it on. We knew this quarter would be a washout within a lot of sectors were seeing growth, even some names being pummeled the growth is there but valuations just arent. Some Companies Like amazon, netflix, some of these names trade at over 100 times earnings. Exactly. We pushed valuation envelope just too far. Gerri ed . Well, look, of course we have. We pushed valuation level. Youre seeing earnings revisions coming back. This is going to get ugly when the program traders kick in. We start breaching those support levels. Gerri yeah. When that starts happening well see more selling. Am i thinking that were going to see a good market through the summer is . Not a chance. If you have money sitting on the sidelines, hold on to it or put it in utilities. Gerri wait minute. Wait a minute. Are you telling me to sell my stocks . I dont know your whole portfolio but dont allocate any new money. Gerri dont allocate new money. I dont go to cash. Im not one of those people. What do you say . What is your advice . I think you have to take some inventory, gerri. Look at your stocks. If youre crowded in at love names maybe do something about it. If you try to trade around this, my guess you will probably damage your portfolio even more than it is right now. Gerri dont trade around it. David and ed, thanks so much for coming on. Great conversation. Really enjoyed it. You guys were terrific. Try to do something about the market, boys to make it go up instead of down. We want to know what you think. Here is our question tonight. What are you doing with your portfolio, buying, selling or holding . Log on to gerriwillis. Com. Vote on the righthand side of the screen. I will show the results at the end of tonights show. We have more coming up. Dont leave your free money laying around. We have a list of grants and scholarships your little johnny never even heard of. Irs is knocking on the old on decades old debt. 37 years ago, the irs calling asking for its money back . Come on im jane and i have copd. Im dave and i have copd. Im kate and i have copd, but i dont want my breathing problems to get in the way my volunteering. Thats why i asked my doctor about breo. Oncedaily breo ellipta helps increase airflow from the lungs for a full 24 hours. And breo helps reduce symptom flareups that last several days and require oral steroids, antibiotics, or hospital stay. Breo is not for asthma. Breo contains a type of medicine that increases risk of death in people with asthma. It is not known if this risk is increased in copd. Breo wont replace rescue inhalers for sudden copd symptoms and should not be used more than once a day. Breo may increase your risk of pneumonia, thrush, osteoporosis, and some eye problems. Tell your doctor if you have a heart condition or high Blood Pressure before taking breo. Ask your doctor about breo for copd. First prescription free at mybreo. Com we are thinkers. The job jugglers. The up allnhts. And the ones who turn ideas into action. Weve made our passions our lifes work. We strive for the moments where we can s, i did it we are entrepreneurs who started it all. With a signature. Legalzoom has helped start over 1 million businesses, turning dreamers into business owners. And were here to help start yours. Turning dreamers into business owners. Maestro of project management. Baron of the buildout. You need a permit. To be this awesome. And you. Rent from national. Because only national lets you choose any car in the aisle. And go. And only national is ranked highest in car rental Customer Satisfaction by j. D. Power. aaron purrrfect. vo meeeow, business pro. Meeeow. Go national. Go like a pro. Gerri is it right for the feds to go after the you for the debt of a Family Member even when that debt is decades old . Well the governments doing it. Gerri hundreds of thousands of taxpayers are having their tax refunds confiscated this year, confiscated, because of debts owed by Family Members, sometimes the debt is decades old. The Washington Post reporting that the Treasury Department is intercepted nearly 2 billion in tax refunds already this year. For more on this National Review columnist john fund. John, this story, is this legal . Well, theres a new saying in washington, in complex times the rule of law has proved itself deficient. We much prefer the rule of men. It is vastly more efficient. Gerri oh. Listen, i think this is a serious question though. Because the opening example in the Washington Post story is a woman who, as a child, her family got Social Security benefits and now, the Treasury Department is saying they were overpaid and theyre coming after her for money she wasnt even aware the family was getting 37 years ago. How can they do this . Is this fair . Is this common . Is this the right thing to do . Look, im all in favor of people paying their debts but there is also a principle called equal justice under law. If you overpay your taxes, gerri, you give the government too much money, you have between four and six yea to make that correction, otherwise the money is lost. The government had 10 years. So if you look at government they had 10 years to go find you and track you down. This changed three years ago. There was one sentence, one sentence, slipped in the dead of night into a farm bill, a farm bill, that said that the government could pursue you for decades, as long as they you were alive. And then they could go after your children presumably. So this woman who is pursued after 37 years, it wouldnt have been legal three years ago. Now suddenly it is. And there are many more like her. Gerri but the money theyre collecting is diminimus compared to the debt that the nation owes or total budget. Not that much money. Takes more money to track this down and find it than it does to collect isnt. Gerri, you know when people are really short on paying bills they go into the couch and look for the change. And thats what the government is doing. Gerri thats what theyre doing right now. Theyre looking for the change in my wallet. Do you think, i know this woman is fighting back. Do you think that she has a chance . Well, i think members of congress should be contacted on this this is outrageous. You know we have statute of limitations for everything. Gerri yes. If you commit, if you commit multimilliondollar fraud on wall street there is statute of limitations means the government cant go after you after a certain point of time. Now if you owe 700 on some Student Loan Debt or Social Security disability payment that your parents incurred and didnt even tell you about, the government can go after you . There is something inhernly unfair about that. It is really going after the little guy and gal and really, in a very unfair way, that has never happened until three years ago. Gerri so, you know though what happens when the irs comes knocking at your door. It is scary as heck. And you want to respond and do what they say, right . Theyre the long arm of the law. They can go a lot of bad things to you if you dont cooperate with them. It is sort after heavy hand here played against a woman who doesnt have a lost resources to fight . Well her attorney is apparently offering his services for free which is why she can fight the government. But i suspect that the, if, believe me if the government can be sued in a classaction suit, this would be it. And because this is outrageous, that people have to put up with this. Now, again, if the government wants to change the law, and say, if you overpay the government you can collect the money from the government forever, maybe we can have a conversation but the, people should be treated like an equally. They should not be different rules for the government and different rules for these citizens who pay to the government. Gerri how do they change the rules a couple years ago anyway. Thanks for coming on. I want to follow this. I hope they get comeuppance. Thanks so much for coming on the show. Well, coming up a hollywood actress, you will love this, suing duane reade, for a Million Dollars over a tweet but it is legal . Our last day of users guide to education. The grants and scholarships, free money you never heard and free money you never heard and the best strategies for [ laughter ] smoke . Nah, im good. [ male announcer ] celebrate every win with nicoderm cq, the unique patch with time release Smartcontrol Technology that helps prevent the urge to smoke all day long. Help prevent your cravings with nicoderm cq. A short word thats a tall order. Up your game. Up the ante. And if you stumble, you get back up. Up isnt easy, and we ought to know. Were in the business of up. While investing billions improving everything from booking to baggage claim. Were raising the bar on flying and tomorrow we will up it yet again. When folks in the lower 48 think athey think salmon and energy. A, but the energy bp produces up here creates Something Else as well jobs all over america. Thousands of people here in alaska are working to safely produce more energy. But thats just the start. To produce more from existing wells, we need advanced technology. That means hitech jobs in california and colorado. The oil moves through one of the Worlds Largest pipelines. Maintaining it means manufacturing jobs in the midwest. Then we transport it with 4 stateoftheart, doublehull tankers. Some of the safest, most advanced ships in the world built in san diego with a 1 billion investment. Across the united states, bp supports more than a quarter million jobs. And no Energy Company invests more in the u. S. Than bp. When we set up operation in one part of the country, people in other parts go to work. Thats not a coincidence. Its one more part of our commitment to america. Gerri we have breaking news for out gm story. We told ought the top of the show about new documents out from gm in response to congressional investigation going on right now, and tonight, moments ago, u. S. Senator Richard Blumenthal out with comments. He, of course, has been talking a lot about this case. He says this he goes onto say, gm must correct the Public Record including ms. Barretts testimony. Such evidence indicates a line of inquiry that investigators must pursue vigorously as soon as possible. That was senator Richard Blumenthal, very critical of gm publicly, and calling for recalls, investigations, comments from him tonight on the new gm documents. This story continues. Well onto our users guide, talking all week about your loved ones College Education and how to pay for it. The best way to do that . For filing forms to decoding aid offers. If you missed any of this visit my website, gerri willis. Com. Dont leave money on the table for college. Here with advice on finding the free money is rob franec, Senior Vice President of publishing at the Princeton Review and wrote the book the best review of college, which is a good read if you are on the market. Thank you. Gerri what is the source are in money . Where do you get the freeway money . There is a lot of the free money, 180 billion dollars this year consistent with last year and four big buckets. The first you had suggested, the free application for federal student aid unlocks federal scholarship dollars, pell grant, subsidized stafford loans. Lots of big money in the federal bucket. Gerri what do you mean by institutional grants . Direct from the colleges. Once you apply for five colleges and you get acceptance letters, they will offer scholarship dollars, merit based money that you dont have to pay back. Gerri we learned mt students dont pay the full freight. You might pay a third of the cost, private employer grants . Where parents are working, good to research on the local level. Private money is the one where we got a big myth in there. We have less than 5 money is coming from private scholarship dollars. They get a lot of news but pay out little. Gerri state grants . Tuition assistance for new york state students. Lots of individual states have different programs for the students. Staying in state to study. Gerri you say you have to be proactive, look, the High School Counselor isnt going to help you why, is that . The numbers speak for themselves, High School Guidance counselors to students, 470 students to one counselor. Gerri i want tools, i want to know where to go on the web to find information . One of the things im most proud about, we have over 800 different Financial Aid ratings, scholarship. Com, think about state scholarships as well. Certainly theebsite fasa. Ed. Gov is a fountain of information. Gerri but you have to fill it out. And its a pain in the butt these days. And not just once, you have to fill it out each year you apply to college. Gerri im sorry i used the word. One of our favorites at the Princeton Review is the georgia hope scholarship. If you are a Georgia State student, and many colleges with programs like this. You have a b or better you are going to get glorious scholarship dollars to stay instate. Gerri in georgia. And there are other kinds of scholarships, do the research to find snout. Must do it. Gerri i say go to the church, go to local sources, less competition. Those are the ones that pay off. Its the local connections that pay off for students and families. Gerri rob, thank you, good to see you, appreciate it. From finding free College Money to finding tax day freebies, april 15th is almost here. We have the top places can you save that tax refund and get free stuff. Number five, on tax day, the sandwh chain gives away free original sandwiches made up of ham, salami and three cheeses, you dont need a coupon but have to buy a 32 ounce drink and a bag of chips. Number four, the Great American cookie. No coupon is needed. That sounds good. And arbys, if you have room after dessert, free curly fries, and dont forget to bring coupon from the website. Number two, the hard rock cafe, warning no coupon is required but singing is. Anybody willing to sing a song in the restaurant a free dinner entree. Only good from 5 00 p. M. 207 00 p. M. On tax day. I think i can make that. Give your stomach a break and feed a shredder. Office depot offering to shred five pounds of documents for free. I have a few things to throw away. Youll need the coupon from the website. The best part of the freebie it lasts longer than one day. The offer is available now to april 29th. How to decide if you should cosign on kids mortgage, should you do that . And coming up, why one paparazzi shot of actress Katherine Heigl could cost duane reade millions of dollars. Is it legal . Our legal debate next. Its the Little Things in life that make me smile. Spending the day with my niece. I dont use super poligrip for hold because my dentures fit well. Before those little pieces would get in between my dentures and my gum and it was uncomfortable. Even wellfitting dentures let in food particles. Super poligrip is zinc free. With just a few dabs, its clinically proven to seal out more food particles so youre more comfortable and confident while you eat. So its not about keeping my dentures in, its about keeping the food particles out. [ charlie ] try zinc free super poligrip. I and i got the tools ira to do it my way i got a lock on equities thats why im type e thats why im tyyyyype eeeee, i can do it all from my mobile phone thats why im tyyyyype eeeee, if i need some help im not alone were all tyyyyype eeeee, weve got a place that we call home were all type e. Gerri could a single tweet be worth 6 Million Dollars . Well, actress Katherine Heigl certainly thinks so. Shes suing duane reade for tweeting a picture of her shopping in midmarch. Will her lawsuit hold up in court . Joining me is fox news analyst welcome to you. Explain to me, theres explaining to do. Explaining. Gerri what is she dont people try to get on the twitter feed . Shes a very famous person, when shes on tweeter feed, she gets paid a lot of money, shes compensated. They took her picture, put it on twitter, did all that, accept the that out there, and wait a second, thats false advertising because there was no advertising, misappropriation for public image and thats worth a lot of money. Gerri still, wasnt the picture public already . Nobody forced her to go in the store, she went in, bought something and walked out. It wasnt advertising. They put it up on facebook and twitter accounts. Exactly. She took it and made it into a major lawsuit. Now were talking about it on national tv. They took the picture, yes, she had to buy whatever she had to buy at the drugstore, they made that into advertisement to get people in without paying her a penny. Gerri is it an advertisement, a, and, b, dont the starlets, between projects, arent they constantly calling to get the paparazzi to follow everywhere, like maybe duane reade. You read the complaint, it reads like a summary of the rich and famous. Talks about her screen career and all the things shes doing, et cetera, and giving the money to the Charitable Fund for her brother which is great, but the other half of the complaint is about that you have to wonder this is a publicists dream. Gerri you think shes trying get attention. Twitter has two million followers, okay . And she has gerri duane reade. Im sorry, duane reade has two million and she has a million. Now the country knows about it because she made a lawsuit about it. The problem is, shes trying to get compensated for their use of her image. You cant use a public persons image without compensate. Free advertising . What is false about it . Is she going in there . Did she go in there, did anybody say she is misrepresenting something or duane reade misrepresented sometng, she walked in and out. If youre a famous person and walk into the store, you dont assume the responsibility or liability that your picture is taken or tweets are going out. How is she hurt . Shes helped. She is not helped. No, no. Well, shes not hurt. Gerri shes been out of the news and the pictures for a little while here. Shes in the news now, and blew it up into a bigger thing. Nothing false about it. She wasnt harmed. They are misappropriating her image, you cannot do that. Gerri the purpose of duane reades advertising is aimed at attracting revenue especially social savvy customers in the young adult demographics. She walked in the store. Come on youre going to penalize her because she walked into a store. Whats penalizing about it . Were talking about it on national tv. What is the penalty . Shes going to do an advertisement she should get compensated for being advertised. Even if youre the biggest named celebrity in the world, you dont think can you go to duane reade and get stuff without it being displayed all over twitter. She was on the street . Exactly. Somebody was going gerri there is no presumption of privacy. When you go into a duane reade or store that your image is going to be out there. Going back and forth. It was outside the store, on the sidewalk, she was carrying bags, they put it out there and said look who shops here. She should be compensated for it. For doing what . Buying something . No, theyre using her as advertisement, as the pinnacle of advertisement. And putting her image out there. She goes there. Under false advertising. Its not false advertising. They did not compensate. Thats the law. And they moved it gerri okay, wait a minute, wait a minute, wait a minute, heres my question, i tweet all the time. What do i need to know that i might get trouble for . You are eat tweeting about yourself, what you are doing. Gerri a lot about me. Its all about and you its true, as im sure it is. Gerri occasionally i take pictures of other things, possibly other people. Animals . Gerri she will sue me if i take her picture and put it on twitter. Most people will compensate you, not sue you. Thats my point, she got a little money going to charity. Was that sarcasm there. Were talking press release. Gerri vote for me. We should have voting. Thank you. Im laughing so hard. Still to come, 2 cents more and how you do that . How to decide whether to cosign on your kids loan, is that the right thing for you to do . [ male announcer ] when fixed income experts. Work with equity experts. Who work with regional experts. Thats when expertise happens. Mfs. Because there is no expertise without collaboration. Gerri are you thinking of cosigning a loan for your kid . Why you may want to think really ha. Gerri all right, mom and dad, listen up, you may be putting your own credit score at risk when you cosign on a loan for adult children. According to a new report, two and three millennials relied on mom and dad as a cosigner for home loans, but should parents be doing this . Joining me now kendra todd. Great to have you on the show. Thanks for coming on. Is this a good idea . Should mom and dad be cosigning . Well, i think it really, really depends on the circumstance. What parents need to really, really consider is the fact that they are equally obligated to pay that debt along with their child. Its very, very common to see a parent cosign for example on a car loan. But were talking about a house. So they have to consider the fact that if their child is late on a mortgage payment or skips a mortgage payment, their credit score is going to be affected. And thats not really ideal if youre inching towards retirement. Gerri absolutely not. What i dont understand is why arent kids doing this on their own . Look, i know prices have gone up in a lot of markets and houses are expensive and may be difficult to get that down payment together, but maybe mom and dad help with that but not get the loan. Why are they doing this . Well, theres a couple of instances where it actually makes sense, and there really is a trend in the market. For example, we have a situation right now where we do have a client whose parents are cosigning on the loan, but shes in nursing school. Shes getting ready to graduate, and a year from now, shes guaranteed a very highpaying job. So the thing about it is, Young Professionals are attracted to the opportunity because if you dont have two years work experience, none of your income counts. So parents who know that children are fiscally responsible are going have a highpaying job soon or, you know, theyre in dental school, theyre going to be a lawyer or doctor, and may make sense. Other situation where it makes sense is actually parents who are purchasing a home for a child that has a disability, or if you want to purchase a home for your aging parents. Those are other instances where cosigning or signing on their behalf really does make a lot of sense. Gerri tell me, kendra, whats the tick tock . For mom and dad who sign, lets say little joey gets a little carried away at the shopping mall, can make the mortgage. How soon do mom and dad get called in . If you have one 30 day late, everybodys credit gets dinged. A parent has to know that their child is responsible, they can afford to make the payments and theyll come to them if they cant. It can have a negative impact on everyones credit history, and, you know, ive seen the situation actually in reverse where the parents ruin the childs credit. So its not a oneway street here. Gerri goodness. I want to show other facts from the experience study, its interesting. 32 made payments when the child couldnt. 7 took on 100 of the debt. 17 didnt know right away the kid was in trouble, and you know thats true, right . Does junior call from across the town or country and say uhoh, im having trouble here. And 12 suffered dented Credit Scores as you were describing. This is not just maybe bad money management, this is also bad Family Management in my view. What do you think . I would agree. Like i said, it really is a judgment call, but its a decision that i would think very, very carefully about, if i were a parent, and you know, i do talk to a lot of millennials and they consider this idea and a lot of them say i want to stand on my own two feet. I dont want to ask mom and dad for help. And a few years ago during the mortgage crisis, this wasnt even an option, you couldnt go down this path. I think that if you want to buy a home, its important to be in a position where you can afford to qualify for the loan. Gerri words of wisdom from kendra todd. Thank you for coming on. Appreciate your time. Likewise. Gerri well be right back with my 2 cents more, and the answer to our question of the day. What are you doing with your po what does everything mean to you . With the quicksilver cash back card from capital one, it means unlimited 1. 5 cash back on everything you purchase, every day. It doesnt mean, everything. As long as you buy it at theas station. It doesnt mean, everything. Unl you hit your cash back limit. It means earn 1. 5 cash back on every purchase, every place, every occasion, all over creation. Thats what everything should mean. So consider. Whats in your wallet . Thats what everything gundyes n group is a go. Not just a start up. An upstart. Gotta get going. Gotta be good. Good . Good. Growth is the goal. How do we do that . I talked to ups. Theyll help us out. 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