in the foreclosure process that will get dumped on the market that will drive down prices potentially because there is so much inventory. jon: good time to buy if you can afford it. still a good time to buy. jon: adam, thanks. jenna: if you need a website to add to your favorites, there is something we have for you. bears like you have really never seen them before. in fact you will see them live. these are bears from a cast can s katmai national park. it is at explore.org. this is live web stream. this is live right now at the park. bears doing what they do best. that is a brown bear. it is salmon fishing in the brooks river. kind of voyeurriestic. jon: i could watch this all day. jenna: this is like bear papparazzi. the park say the four cameras bring new access to the remote national treasure. more or less 300 miles away from anchorage. it is a place not all of us get to go but now
foreclosure process. let it run its course and hit the bottom. allow investors to buy homes and put renters fix the homes and let it turn around and come back up. will this approach work? it will work. the marketplace has a way of correcting itself. when the government steps in and has intervention by the government it s not fair to the people that play by the rules. we are talking about freedom of contracts, people entered into mortgages. bottom line is this, yes people are going to have to go through the foreclosure process but they will taken care of. they will get the before from their bargain but in nevada one or three homes underwater the process has to be able to run the full course. the same as it does in the entire country. arthel: it goes back to what you were saying, how you said the president is connected with the people. we talk about this, it may look good on paper and may sound like
realtytrac reports increase of homes entering the foreclosure process in june as bank are now tackling a backlog of unpaid mortgages. wells fargo is set to pay at at $175 million to settles claims that it discriminated against tens of thousands of people. justice department officials say overcharged black and hispanic borrowers regardless of credit risk. officials say it happened between 2004 and 2009 and that white borrowers with the same qualifications would get better deals. one u.s. attorney called it a racial surtax. wells fargo denies all that and claims it settled to avoid a costly legal fight. that settlement said to be the second largest of its kind. a security breach at yahoo could put hundreds of thousands of people s accounts at risk. even folks who never logged on to yahoo. the company reports hackers stole more than 400,000 people s user names and passion words. the hackers then pass
be at but we have to watch next month or so if it is putting a floor to the new jobless claims. bill: you make a good point too, about the revision, martha. a new fallout from a fight on the senate floor about your money. republicans blocking a vote on president obama s proposal louing tax cuts for americans earning $250,000 a year. it got heated. in just moments we will be joined by republican senator john thune who is in the thick of it, a member of the senate finance committee. that is just minces away right here. serious concerns what could be a massive spike in home foreclosures. new data today shows banks are increasingly putting unpaid mortgages on a countdown clock. that may generate a tidal wave of foreclosures next year. the report from the service, realtytrac, saying the number of homes entering the foreclosure process in june jumped for the second month in a row. banks tackle a backlog of unpaid mortgages. martha: meanwhile it is
and new documents in the case of the man charged with killing trayvon martin. could shed some light on whether or not race played a role. want to get right to it. u.s. military judge held a hearing at ft. hood, texas, today a few weeks before the court-martial begins for major nadal hassan. hassan, he is the army psychiatrist who went on a shooting rampage in back in 2009. he is accused of killing 13 people, all but one of them fellow soldiers. he also wounded 29 others. now attorneys today discussed the makeup of his military jury which has not yet been convened. hassan s murder trial is set to begin august 20th. florida a&m university now looking for a new president. the school s board of directors going to hold a meeting today on rather monday. president james eamons announced his resignation yesterday. he stepped down more than seven months after a student was beaten to death. robert champion. he was a drum major. he died during an apparent hazing incident on a bus