Test. Test. Test. Test. Jennifer wextomoments if y respond to the questions that you were not allowed to answer when they were asked. You had to be still while, they threw more insults your way, but if you would like to take time to respond now, you have that time. I appreciate that. You know, obviously, the reason i took this job is because i feel that our country is in trouble. And we need to do everything we can to provide the right kinds of opportunities. At hud, for instance, an organization that was largely focused on just getting people into programs, getting people under a roof, and thats not a bad thing, but i really want to maneuver us to a place where were getting people out of programs and to a level of selfsufficiency. We have really aimed at that. And the question that was asked about homelessness, this is a very serious problem and one that i think is solvable in our country. You know, with a place like tokyo, which has more people than new york city, can solve homelessn
That has always has always been a significant part of the rental landscape. Family construction which we talked about before theres quite a bit going on, the highest highest in 30 years, maybe we so it is a million six of approximate and actually 5 million of singleFamily Rental. That is where the renters have gone. Now what is really interesting to me and this is the chart that i follow her and is about to be updated. This is obvious in some ways, we know that incomes have been stagnant, we know rents are rising but the spread between those two, which really you have to stabilize the dollars and one thing i can tell you for sure based on either of the projections that you just heard and what the fact that over 85 of the family construction is at the very high end. This is not getting any better anytime soon. Then we have just to make you feel even prouder of how good this housing economy is, we have a huge problem coming up over the next ten years in terms of the loss of already subsi
Fateful history of fannie mae, faithful not only for fannie mae but for everybody else too and there are copies of the book out in the reception area which we hope you will buy and which bob hagerty will autograph after the program. I am the president fellow at a e. I. And we are pleased to have you with us to consider this fateful history and its role in american politicized Housing Finance. After many years of dealing with and thinking about fannie mae i thought i knew a lot about this subject but i learned a lot more about it from reading bobs book, especially the very longterm evolution of politicized Mortgage Finance in this country and also about the vivid personalities involved over the last 40 years, all the way to the end of the story, at least it is the end so far. The book is full of information but in addition if you read my invitation to this event you know i think it represents an underlying tragic drama. In fact a shakespearean tragedy in fives. Rise, power, hubris, fall
Back to the floor of the Stock Exchange with Nicole Petallides. Stocks posting modest gains with a long way to go to make up losses. Nicole the late losses friday we got 200 points to virtually flat. Yesterday we drop 243 points so clearly we have to make enough on wall street. If you are able out there with some up arrows earnings were better today than we have seen over the last three trading days and that was something that contributed to the selling. Dow jones industrials up 30 points. The gain is 1 4 . And again like the s p 500. Three 2 dow components, first in boeing, First Quarter profit, the profit is something to watch, down at 6 and hurt by higher pension costs. They did raise their full year diet and that was good news but they miss the analyst estimates. It is now 3 4 . Third quarter revenue missing the estimate there. The other thing at t to note, this name is coming. Lori oil extending loss of trading down for fifth straight day. Phil flynn with the future of the cme, th