their home because they are underwater. we have seen in the last few years of crisis, when you get the government involved, that s more likely to have tohappen. when have you federal guarantees through fha and fanny may and freddie mac. suddenly, it s not the bank s problem and the buyer s problem, it s the taxpayer s problem. as long as this sense of risk in the housing market is socialized and something we all pay, that s a very dangerous thing for the government to be doing. how do you distinguish okay credit from weak credit? it s in the eye of the beholder. there is a line. we do want people who save up and have a decent down payment and have decent credit to to be able to buy a house and get started with homeownership. it s the american dream. it s something everybody wants to support. the problem is that if it goes too far, you have what we have in 2005, people buying a half-million dollar house without much income, putting 1% down, taking out loans they shouldn t be tak
influence peddling? newt gingrich was asked to join fred doe mcfor tr strategic advice. it started to go down under carter annex paepbd under khreupand expanded under clinton. he was brought in to see if they could go in a different direction. ultimately he was asked to decide if they should be dispanded. what is never said is mitt romney has earnings from fed demcand fanny may. he was a keynote tpaoebger at freddie mac in 2004. he didn t complain about them then. by the way, mitt romney s burks ndlier list, all of them are on
bankers about how to break themselves up. cutting expenses have at it i am not seeing it yet. victoria, is this a good or bad thing this meeting? they have to go to conferences. send your guys to a conference, but do they have to sponsor. is their visibility not high enough. they should not be spending money conferencing, go and do not sponsor them. rich, what do you think? i would like to point out two years ago president obama was bashing private banks for holding conference and that nearly killed city of las vegas tourism. fanny may and freddie mac should be broken occupy a they could have various conferences in holiday inns. morgan why would they sponsor it?
when was it? in october. the mortgage bankers association conference, and traditionally before we got into the housing market collapse, this was a conference that fannie and freddie went to, to convince the banks to work with them rather than working with other insurance companies. back in the housing bubble, fannie and freddie had to compete with business. now there s no competition because the private market has pulled out. so, all of the banks bring all of their businesses to fannie and fedie or the fha, so people are raises questions, why are they sponsoring the conference and wining and dining the bankers because the bankers are givg them all their business because they re the only game in town. i think, have they lost their minds? $640,000 in this environment, and is a understand it from the reporting, it was to listen to the land chicago, former governor jeb bush. david axlerod.
i m not bragging but i have given plenty to organizations and other man my grandchildren i get more out of charitable giving than anything eps. coming up, luxury hotels and fancy dinners,er they out of their mind? fanny may and freddie mac, and a lavish convention and you paid for it. our machines help identify early stages of cancer, and it s something that we re extremely proud of. you see someone who is saved because of this technology, you know that the things that you do in your life matter. if i did have an opportunity to meet a cancer survivor, i m sure i could take something positive away from that. [ jocelyn ] my name is jocelyn. and i m a cancer survivor.