representatives are getting hundreds of call from people in the same situation you are in. can i trust this person, can i not trust this person? try to establish trust. how do you do that? how many times have we heard people, they re in trouble. they reach out to their lender and get the runaround. we learned this week that only one home is saved out of ten that certainly are lost to foreclosure. that can t be comforting for the person trying vigilantly to save their home. what do we learn from that piece of news and how do we move forward if you re in trouble with your mortgage? one of the problems with the legislation, even though i did approve of the loan modification program. it was not mandated for the banks to modify your loans. the banks have a choice whether they are going to put money in u.s. treasuries and get a conservative 1%, 2% loan or give you the loan and risk not getting that money back.
the folks there that this is not a jobs killer, that there will be money, $40 million over the next five years allocated to ensure that those folks in your state who work there will still be able to have employment and keep, you know, food on the table for their families. well, i hope that he s going to expand the program. what we re really looking for is for the president to keep the promise that he made to close the gap between the shuttle and its successor vehicle which was at the time the constellation and which remains by law today the constellation. i love commercial rockets. i love them. i was called actually the poster child for commercial launches yesterday by mike gould. but the fact is, there s a couple reasons we need to keep the federal government at the head of human space exploration. number one, national security. i think the federal government has a lead on national security. number two, acceptance of
that s despite programs launched by the federal government in some states to help troubled homeowners. our diana olick joins me now from washington. diana, why aren t these plans helping or working, or have we just not had enough time go by for them to really kick in? reporter: you have to look at the big numbers. yes, we did see record foreclosure activity in march. that s made up of notices of defaults and auctions and re repossessi repossessions. when you dig into the numbers, you see the bank repossessions, that is the final stage of foreclosure where the bank takes title of your home, that is the number that s really surging. believe it or not, most experts believe that is due to the government s loan modification program. why? because they re really pushing the banks to get people through the process, get them through the trial modification phase, and get them to permanent modifications. well, what happens when you do that? you find out which people really do not qualify and wh
saying if we need these big visions and things to happen, you ve got to allocate the money. that was not a neglect of this new administration. well, no doubt congress is underfunded the program, and i am not going to apologize for congress. i think there would be a lot of things wrong up here. and there was a gap under the last administration three years that would be there between shuttle and constellation. and i think the promise was, by this president, that we would close that gap and keep america first in space. and i think we re getting off that track now. they re talking about making a smaller orion capsule. yeah. i mean, the scientists have already decided what we need. you don t make a smaller capsule to fit the rocket. you make a bigger rocket to fit the capsule. using the orion capsule in a different way. so it seems like with this debate, there s a yin and yang and it s so complex you have our astronaut heroes debating this. well, that s for certain.
odds because of the case of the 7-year-old boy in tennessee who was sent back to russia. so the program could be slowed down, too. that s another big problem. it already takes a couple years to get through this. and that s the roller coaster. you think it s going to happen faster. and then it s not. and the russian program even before all this happened was notoriously somewhat difficult to get through. for example, you had to go to russia twice in the process to bring the child home. so although there are no suspensions, it could still be difficult, and it could still take a lot of time and a lot of families out there are still hoping they can get through this. has there been an update regarding this woman in tennessee? i know she s still not spoken out publicly. no, no. and that s another thing the russians are concerned about. there s a lot of talk that she may not be charged with a crime because she didn t intend to abandon her child in a way that would endanger him, some people