I found her at the base of the stairs. Reporter Kathleen Peterson, dead. Was this a fall, or was this murder . Reporter tonight a mystery weve covered for more than a decade comes to a shattering end. It did not look like a fall. Reporter Michael Peterson, under suspicion. Then a bombshell revelation about another woman, from his past. Liz was on the floor, and there was a puddle of blood under the staircase. Two women that appeared to die the same way. Two Women Associated with Michael Peterson. Reporter what are the odds . Yeah, what are the odds . Reporter at trial, one expert this is the scene of a beating. Reporter would make a slamdunk case for petersens guilt. The jurors were captivated by his testimony. Reporter but were his dramatic experiments, legit . Its designed to get a result. Its not scientific at all. Reporter now, in his only network interview, Michael Peterson on the twist that might finally lead to the truth. The most difficult decision i ever made in my life. Repor
Captioning sponsored by wpbt this is n. B. R. Tom good evening. Im tom hudson. Susie is off tonight. The nations biggest banks move to put the housing crisis behind them, paying billions of dollars to settle claims of foreclosure abuse. With the fiscal cliff drama over for now, investors look to the markets next hurdle earnings season. Coming up what to expect from Corporate Americas bottom lines. And we kick off a new series, n. B. R. U. , our partnership with some of the nations top universities. Tonight does maximizing shareholder value hurt the economy . That and more tonight on n. B. R. the nations largest banks announced two big settlements today over the housing crisis. 10 of them are settling with federal regulators over allegations they mishandled foreclosures. And in a separate deal, bank of america and governmentowned mortgage giant fannie mae settled the score over trillions of dollars worth of bad home loans. In all, the deals cost the Banking Industry billions of dollars,
To compromise the Capital Position of the bank in any way. Reporter also today, ten major banks, including bank of america settled claims they abused the foreclosure system, seizing defaulted homes without proper paperwork. The banks agreed to fix those abuses two years ago, with a casebycase review of foreclosure practices. But that just wasnt moving fast enough, and proved too costly. Bring in todays deal the banks will pay a total of 8. 5 billion. Three billion of that will go to homeowners hurt by the banks; the rest, five billion to assistance programs like loan refinancing, for homeowners who are struggling. It helps current homeowners and its going to help the marketplace at the margin. You know, the con, if there is one, is the fact that well never, it will make it less likely now that well ever get a full accounting of the foreclosure irregularities that existed. And how widespread were they, what were the types of irregularities and what were the full dollar amounts. Reporter
I dont think that the spending cuts will be as significant headwinds for the u. S. Economy because these spending cuts are made over ten year period. There wont be a significant amount of spending cuts that will take place in 2013, so thats why i think its less of an issue. Reporter still, theres ample concern about what the expiration of the payroll tax cut will mean for spending and ultimately hiring. Dont forget all americans will see a smaller paycheck this year, because of that change. Consumers arent well poised to absorb a 2 tax increase and nonetheless thats whats going to happen, and its going to keep us stuck in this slow growth territory. Reporter and, slow Economic Growth makes Companies Less confident about adding new workers. As a result, it is widely predicted that this year will be another period of only modest hiring. My expectation is that well probably see more of the same. 150,000, give or take, slight, gradual declines in the Unemployment Rate over time. Its hard t
To compromise the Capital Position of the bank in any way. Reporter also today, ten major banks, including bank of america settled claims they abused the foreclosure system, seizing defaulted homes without proper paperwork. The banks agreed to fix those abuses two years ago, with a casebycase review of foreclosure practices. But that just wasnt moving fast enough, and proved too costly. Bring in todays deal the banks will pay a total of 8. 5 billion. Three billion of that will go to homeowners hurt by the banks; the rest, five billion to assistance programs like loan refinancing, for homeowners who are struggling. It helps current homeowners and its going to help the marketplace at the margin. You know, the con, if there is one, is the fact that well never, it will make it less likely now that well ever get a full accounting of the foreclosure irregularities that existed. And how widespread were they, what were the types of irregularities and what were the full dollar amounts. Reporter