cleared out the protesters personal belongings. 17 people were arrested there. and in a few moments, i ll have a report on where the money comes from to finance the occupy wall street movement. president barack obama is in full asia pacific mode today in hawaii. he s hosting the annual apec summit and hoping to re-energize u.s.-based business in that region. the president told ceos that americans need to stay to use his word hungry in attracting new investment from overseas. it is important to remember that the united states is still the largest recipient of foreign investment in the world. and there are a lot of things that make foreign investors see the u.s. as a great opportunity, our stability, our openness, our innovative free market culture. but we have been a little lazy, i think, over the last couple of decades. we have taken for granted, well, people want to come here. we aren t out there hungry, selling america. in a little over an hour from now, vice presi
to look at these compensation packages? in 2009 the obama administration put the brakes on them. in fact president obama who spoke out against aig bonuses and bank of america and really private sector bonuses. think of this, for a minute. these are actually corporate money. they are shareholder money. they are not even taxpayer money. he has been strangely silent. we haven t heard a word out of the white house and they really not, the senate until just recently has not offered to take the bills up but we re going to mark it up tuesday and we re going to pass it. i know 60 something senators have indicated to us they re ready to support the legislation. jenna: it will be interesting. we ll watch for the progress and reach out to the white house to see if they have any response on this. congressman, good to update us on it. thank you very much, sir. thank you, jenna much. jon: a display of biblical proportions literally. we ll take you inside one of the largest exhibitions of early j
dollars, some $5 trillion in mortgage assets and the way to do that, he says, is to attracts talented folks with high compensation packages. does he mention anything about the fact that this last quarter they lost $6 billion and the same quarter a year ago, it was $1.4 billion, so there is a downward trend in terms of their success? that s a good point. i haven t heard him say that. the thing to remember is that these losses that fannie and freddie are coming up with are largely bad loans that were made before the financial crisis back in 2008. so we might be seeing losses from fannie and freddie for sometime to come. i take it nobody s making the executives keep the jobs. if they are so talented, they could go elsewhere, right? that s right. i am curious, do you have any clue how much they make without the bonuses, what their salary range is? you know, i think senator
mccain says in the range of $900,000. clearly, that s a lot of money and it s no surprise that you found lawmakers on both sides of the aisle expressing concern with these compensation packages. you had senator john mccain, calling for demarco s dismissal. senator tim johnson, the democrat who heads the senate banking committee announced he was going to have a hearing on this issue and would bring mr. demarco, as soon as possible he said. demarco is the regulator over fannie and freddie, right? that s right. so is he the one is he the one who actually authorizes the bonuses, or is it congress? who authorizes it? he supports them and thinks it s a good idea and a good way to attract talent. but who greenlights it? in the end, mr. demarco has to sign off on this. the federal housing finance agency is an independent agency that congress created in 2008. and they didn t intend
dollars, some $5 trillion in mortgage assets and the way to do that, he says, is to attracts talented folks with high compensation packages. does he mention anything about the fact that this last quarter they lost $6 billion and the same quarter a year ago, it was $1.4 billion, so there is a downward trend in terms of their success? that s a good point. i haven t heard him say that. the thing to remember is that these losses that fannie and freddie are coming up with are largely bad loans that were made before the financial crisis back in 2008. so we might be seeing losses from fannie and freddie for sometime to come. i take it nobody s making the executives keep the jobs. if they are so talented, they could go elsewhere, right? that s right. i am curious, do you have any clue how much they make without the bonuses, what their salary range is? you know, i think senator