Sector. And as we cover here one explanation is greed and that these you know they used auto dealers are just pushing loans on people just to get that 20 percent you know Interest Payment for a month or 2. 00 knowing that persons going to go bankrupt so the missing inflation number has been discovered right because as you point out he donek adjustments hid the inflation and when the government reports the Inflation Numbers if something is rising in price a lot they cut it they dont report if they dont put it in the basket of c. P. I. Dont put in the basket of the inflation index that they use to report on Inflation Health Care was getting too expensive so they removed it however americans are now borrowing lots of money for that skyrocketing Price Health Care and we see that now in the defaults on their subprime credit rate and sub prime auto because you need a car. To get to work you need a car to get to the hospital and these are things that are not included in the basket so now the
Means all banks except for the largest 100. 00 is blowing out according to Federal Reserve data and the 3rd quarter the delinquency rate at these banks rose to 6. 25 percent thats even higher than during the peak of the financial crisis so the delinquency rate has more than doubled in just the past 2 years delinquency rate means 30 days or longer overdue your payments are. The largest banks have a delinquency rate of 2. 58 percent so half of what youre seeing in the subprime sector. And as we cover here one explanation is greed and that these you know the used auto dealers are just pushing loans on people just to get that 20 percent you know Interest Payment for a month or 2. 00 knowing the person could go bankrupt so the missing inflation number has been discovered right because as you point out he dominic adjustments. Hid the inflation and when the government reports the Inflation Numbers if something is rising in price a lot they cut it they dont report if they dont put it in the ba
What was the city waiting for to decide whether or not to call for mandatory evacuations . The mayor had not received the water districts letter when he spoke to me and other reporters at 12 45 today. City spokesman said our understanding of the situation at the time was based on the districts information and its hydrological model and that the peak flows in the creek would not be as high as originally anticipated that and the creek channel was adequate for those kind of flows. The reservoirspilled when last months storm exceeded its capacity. So far neither side is showing any willingness to concede. We need to collaborate and figure out anything that went wrong so we can reduce this ever happening in the same way again. Reporter in san jose, david louie, abc7 news. 35 million, thats the historic price of freedom for a h hillsboro woman accused of killing her childrens father. Abc7 News Reporter vic lee broke this story tonight at 5 00, that is a lot of money. Reporter dan, i did chec
Hundreds of homes swamped, thousands evacuated. Millions in losses. Water officials tonight are pointing the finger saying it was a failure to act. Good evening. San jose water officials broke their silence just a few hours ago in a letter saying the flood warnings were there, apparently ignored. The Water District says it wants answers, accusing the city of failing to act on warnings that the coyote creek would flood. David, the citys response . Reporter the city of san jose has questions as well, which it posed to the Water District several weeks ago. The two sides exchanged duelling letters pointing the finger today. Were waiting to see whether or not two entrenched a very airs can Work Together to prevent another disaster. Well see the two sides face a off again in public. San jose blaming flawed data and the Water District blaming the city for not heeding a potential for flooding. Something more could have been done and were not saying what the trigger was. What was the city waiti
For those kids. Reporter one neighbor says another neighbor took the children into a home before police arrived. She was very sad. Reporter another neighbor shared this cell phone video of mcbride driving away. Police say in a 2007 silver fourdoor mercedesbenz s 550. We have had quite a few witnesses that have been brought to the station and they have been doing a fantastic job for us. Reporter Richmond Police say they received a call for a domestic dispute minutes before the shooting at 29th and ream. They say the shooting was definitely targeted. Also that police had been called for past Domestic Violence situations involving the couple. Its unfortunate but im going to pray for the family because its tragic. Reporter investigators say mcbride is not the father of the children who were in the car and witnessed the shooting. In richmond, mel any woodrow, abc 7 news. A woman charged with a high profile murder case is expected to make bail this week. Testify any lees bail is among the hi