America are saying not so fast. Im jen rodgers in for ali velshi and this is real money. This is real money, and you are the most important part of the show. Tell us what is on your mind by tweeting and facebook. Another big bank pays big for pedalling toxic assets, but banc of americas payout is the biggest yet. Bofa has agreed to pay nearly 17 billion. 9. 7 billion will go as straight cash, another 7 billion will go as relief to consumers in the form of Loan Modifications and the like. Its the biggest settlement amount ever for a u. S. Bank. Its roughly equal to the total profits for the past year. As part of the deal with federal and state agencies, b ofa admits the poor quality of the loans. It problems may not end here. But the deal with the government looks a lot like the other big settlements we see with seen lately with Jpmorgan Chase and others. Many, but not all of the financial shenanigans that got banc of america in trouble were done by countrywide financial and merrill lyn
Of an organization that is how many have grown out of that though. Every time you kill one, you get 10 or 20 more to join the cause. So are we winning . And it has helped the iraqi forces, the partners and kurds Iraqi Security forces retake key strategic areas. In five months, i think there is limbed and preliminary but significant evidence that this combination of limited u. S. Force and partners is working. I appreciate your time. Im out of time. Thank you, mr. Chairman. I thank the member from florida. Well we appreciate the time of all of our witnesses here today. This was a start of a very important conversation so i think as we deal with this, deal with this growing threat from isis and as we deal with the president s request we thank you again. Were going to be submitting some additional questions to our panel. Appreciate your response and we stand adjourned. A reminder that if you missed any of todays hearing you can watch at anytime in our video library. Just go to cspan. Org.
Securities and Exchange Commission chairman Mary Schapiro express important that the action on a stock frank. Chairman schapiro said the libel make markets more transparent, stable and efficient. From George Washington University Law school, and this is 45 minutes. Good morning. I am paul berman, 19 of the law school as art said and i want to welcome you to this conference and obviously welcome Mary Schapiro, chairman of the securities and Exchange Commission. So one of the things that i think makes this law school, the George Washington University Law school distinctive and different from other top law schools is the degree to which we are integrated into the real world of law and policy practice in this country. So one of the things we are always striving to do this not be an ivory tower Academic Institution solely, but also one that is always trying to engage the practicing bar, people from corporations, people who are not lawyers in the educational enterprise and also when Public P
Johnson johnson good on drugs and medical di vices and that did well ultimately. Cocacola, on the other hand, didnt do as well as expected leaving the cfo noting saying the economy, globally for europe and asia affected them and north american sales did not do well alternately saying the Foreign Exchange rates hurt their numbers and weather, big into weather in a big way reading through the notes, but they grew year over year, but not as much as they hoped. Lori thank you for that. Dennis a vocal critic, kansas fed reserve president telling our peter barnes thoughts on when the fed should taper the bond purchasing program, and peter joins us from kansas city with more on the exclusive with the fed president , peter . Hey, dennis, thanks, no question that Esther Georgements something done sooner rather than later on tapering quantitative easing winding down that program. Shes been critical of quantitative easing, particularly the latest round of it, and whether its been effective or dis
Investors focus on Thursday will be on a raft of purchasing managers' survey results for manufacturing and services sector activity in the euro area, UK and US.