One thing i want to say is there has been an inclusive form of government which is the sunnis in the north and that is one part of the problem that lets park that for a moment. Lets turn to the iraqi army. Trained by the americans fully equipped brought up to their Numerical Strength very strong and gets fled at the first sign of trouble. Are we being naive in believing that you can meld different tribes, different cultures given the 600 year culture of the region region into one force and expect them to take home an opposition for which a large part of their own army is recruiting . First i dont agree with your introduction and description. Do you think the army did while . No im saying they are not as strong as you are suggesting that they were. This was back in june before they drop their guns and ran. Im saying when they did drop the guns they were full strength, wellequipped and trained by the americans and equipped over period of years and yet when the first sign of trouble they
And youve got five trillion dollars of outstanding obligations now that somebody has to deal with. Thats in the current of housing finance. Thats not in the future. So, somebody has got to deal with that. And whether its fannie or freddie or somebody else, i mean, thats, i think, a decision that congress has to make, not fhfa. Let me switch topics here for just a minute. That has to do with the mortgage debt relief act. Director watt, i dont think any state has felt the impact of falling home values more than the state of nevada. Congress passed mortgage debt relief act to ensure those who owe more on their mortgages than they do on their homes are now worth would not be hit with additional income taxes. Im not going to ask your opinion on the irs or thank you. On income taxes. But i think its unfortunate. No one gets hit more than lowincome, middleincome families. I think its unfair and i think most would concur that its unfair, that individuals would have to pay taxes on income that
Government . First, chairman, i can thank you for the opportunity to appear in front of you and thank you for the work that you are doing in taking an interest in not just the region, the country, but the middle east as well. It helps my work, our work, the governments work, that British Parliament is engaging and trying to understand these issues in furthering british influence. Im very grateful. I understand youve had a very interesting visit yourself. Pleased to be here. You asked an important question. It is a short amount of time that hes been in place, but if we look back in june of this year of where things stood with isil moving down the tigris and y eufhrates river, bad dad was under threat and we look today and see maliki is no longer there. Al baddy, as you say, is in place. Abadi is in place, he has a more inclusive government than anybody expected to produce. The length of time it took for the cabinet members to be announced, i think we should be pleased with the progress
The economy just a few minutes from now. He is expected to highlight the recent emproblem. S in the economy. Do you feel better off now than when the president took office . We went to the streets to find out . I think were hurting a little bit. The basically i think there are more Job Opportunities out in the market right now . Im only parttime employed. I havent found anything yet. So maybe not. Every time you step out of the door, things cost a lot more. People are working. Financial system is stablized. I think they gave it a great big bandaid and ready to burst again. Yes, it is a long road back but were better off, very simple. Melissa lets bring in our panel. Charlie gasparino, david asman, tom sullivan are with us. What do you they have those folks on the street had to say . A lot of smart people. Shoeshine guy is good friend of mine. Melissa second to the last. He is one of the best businessmen i know. Here is the problem with man on the street interviews, they stand there, we
Your organizations have contracts with ongoing electrical power . Those costs you dont know how those will be handled . At this point the epa has not conveyed how they would address that particular comment. The conversations we have had with epa have been primarily to get clarification on some of the corrections we pointed out within the proposal itself. Bpa claims of the rules give states flexibility to create their own plans but it appears that overlooks the fact that electricity transmission does not stop at the state borders. Many states including south dakota plant rely on neighboring states to ensure the reliability of the grid. Epas modeling suggest under the 111 d. Proposal wyoming could cut his generation by 7. 5 million megawatts or a million megawatt hours. How will wyoming continue to how will you continue to power the regional economy with cuts like this and is that an accurate statement . As far as how we would continue if we are looking at closing down existing power pla