according to the reports that we re hearing. it s unbelievable. these are the five victims. they include sonya guzman and her boy, daniel. 9 years old. watch. this poor man. that is wilson garcia. he s been the most unimaginable ordeal. there he is sobbing at a service that was held in memory of these individuals. he lost his wife and his son, daniel. he went out the window. it s an extraordinary story. casey stegall joins us now live from dallas as this man hunt in tax really heats up this afternoon. hi there hi, martha. so sad that texas father says he s trying to be strong for his surviving daughter after his loyal by, daniel and his 25-year-old wife, sonya, were both killed in friday night s attack with three other family friends that were at the home north of houston for a church retreat. that is when eye witnesses say the neighbor next door appeared with an ar-15 and opened fire. that s when the suspect shot at me. he shot at me five times. when he didn t catch me
that can still happen. this doesn t change anything. he did say this is very different than the 2008 crisis era deals. that is really important. so many of us that lived through that, reported on it. we get this feeling of what is happening here, is this another major financial crisis. sandra: i just got off the phone with the manager director at ubs. he basically said to me, the easiest comparison you can make for anybody that feels like oh, boy, is this another big financial meltdown? not the case. the banking crisis would be different today for this reason. the banks are a third leveraged now than they were during the banking crisis and they have double the amount of capitol. lessons were learned. banks changed their behavior. they re better off, more sound now. your deposits are safe. what happened in the case of this particular bank, martha,
feeling better about their own job security. there s also the fact that maybe this means some businesses are starting up, and a lot of small businesses, when these ideas are germina germinating, they charge a lot. on the negative side, people are feeling things are thin and i have to go to credit to make ends meet. the last time we saw this was in august of 08, and that s the last time we saw numbers like this, and that was right before the big financial meltdown which started in september, when lehman went away, and all of those things happened then, dire straits then. things looking better as far as consumer spending. remember, that generates a lot of growth in the u.s. economy. that s why we like to see people spending. good news. i love hearing this as i start to become a mom, and you re a new mom. college drinking going the other way. fewer kids going into college, you know, throwing down the
homeowners often face foreclosure when they are not in detault. and chris dollywood said the housing crisis was swept under the rug. many in the industry were too quick to call the problems, and that nobody is losing a home to foreclosure without cause. even the industry now acknowledges that the current mortgage servicing model is broken and is not equipped to deal with the current crisis. reporter: the proposed fund is similar to the one recently set up to compensate gulf coast residents harmed by the bp oil spill, jon. jon: in the meantime i guess the fdic is looking towards criminal charges for bankers, what is that all about? reporter: about 50 criminal investigations are underway of former bank executives looking at possible charges of recklessness and fraud in the big financial meltdown. so far no criminal cases have been filed but two civil lawsuits have been brought. it has a focus on bankers who
we had a big financial meltdown, no argument about that. right. what caused it and whether or not you can keep it from ever happening again, because every time you go through these cycles, there is always something different that causes the downturn. but nobody is going to stop the tides from coming in and going out. you have economies that build and eventually you get accesses and then the market plate fixes it and we look around for somebody to blame and then it starts again. right. let me ask you, mayor booker, yesterday, g-20, they got together. we are going to get serious about deficits. that is happening in new jersey right now. chris christie is taking a lot of risks and you ve stood shoulder-to-shoulder with him on some of those risks. that surprised a lot of people in your own party. it s not time for party politics. we have to fix problems and whether you live in summit new jersey or elsewhere, you know the cost of homes are crashing and the cost of living is going up