to refinance their mortgages at lower rates. sound like a conflict of interest? cheryl casone is with the fox business network. cheryl, freddie mac i thought was chartered to help homeowners get financing that is successful, is that right? that is exactly right. that is the charter of freddie mac. they re supposed to be helping homeowners across this country not only stay in their homes but get better access to financing which has been the biggest problem over the last three years. they have a trading arm, which many people may not know. freddie mac has a trading arm. remember, this used to be a business back in the day before taxpayers bailed out freddie mac. so of course they re trying to leverage themselves, leverage investors to make profits but it s the way that they re doing this has raised some serious eyebrows. this is a study, an investigation that has been done. no response from freddie mac but treasury and the administration, jay carney, says they re looking into this beca
we have now, yesterday we were thinking there wasn t going to be a referendum. now the greek finance minister has told the eu there will be no referendum. but as you alluded to, within about six hours or so there is going to be the final step in a confidence vote on the greek in the greek parliament. the prime minister, george papandreou, who s really behind all the drama this week, only has a two-seat lead in parliament. so it remains to be seen what s going to happen in greece. but randi, greece is a tiny country in the grand scheme of things. it is the 32nd biggest country in the world in terms of its economy. t italy is a much bigger country and italy right now is in the focus because right now lenders from around the world, whether they re banks or governments, are looking at europe and saying is this a stable organization? are these 17 countries that use the euro trustworthy that they ll pay their debts? after what we saw with greece they are starting to look at italy
to fight it you spent half a million? well, the fine didn t come until the end. the problem was they sent me a letter telling me to stop doing something, and i didn t listen to them. that was the big investigation. hey, why did you keep hiring people when we told you not to? i had to show it was just a mistake, that i wasn t just flagrantly violating the rules. the whole point is the real reason these regulations exist is not really to protect the investors, in my opinion. what protects the investors is me, is my desire to have a good brand, to have a good reputation, to keep my customers. it s competition that protects the customers. what these regulations really do is they protect the large brokerage firms from the smaller firms like mine that are trying to grow, and the regulators put all these road blocks in our paths. you know, so many small firms are failing. i started my business back in 1996. there s no way if the regulations that are in effect today were in effect back then,
to fight it you spent half a million? well, the fine didn t come until the end. the problem was they sent me a letter telling me to stop doing something, and i didn t listen to them. that was the big investigation. hey, why did you keep hiring people when we told you not to? i had to show it was just a mistake, that i wasn t just flagrantly violating the rules. the whole point is the real reason these regulations exist is not really to protect the investors, in my opinion. what protects the investors is me, is my desire to have a good brand, to have a good reputation, to keep my customers. it s competition that protects the customers. what these regulations really do is they protect the large brokerage firms from the smaller firms like mine that are trying to grow, and the regulators put all these road blocks in our paths. you know, so many small firms are failing. i started my business back in 1996. there s no way if the regulations that are in effect today were in effect back then,
they fine you, 15,000 and then to fight it, you spent half a million? well, the fine didn t come until the end. the problem was they sent me a letter, telling me to stop doing something and i didn t listen to them. that s the big investigation, why did you keep hiring people when we told you not to. i had to show you this was just a mistake, i wasn t flagrantly violating the rules, but the whole point of the matter is, the real reason that these regulations exist, it s not really to protect the investors in my opinion. what protects the investors is me, is my desire to have a good, a good brand, to have good reputation, to keep my customers, it s competition that protects the customers, but what these regulations really do, they protect the large brokerage firms from the smaller firms like mine, that are trying to grow and the regulators put all of these road blocks in our path. you know, so many small firms are failing, i started my business back in 1996. and there is no way, that