in the crisis. the question remains, was the was this litigated correctly when we talk about the financial crisis. the real tragedy we don t have wall street people suffering, how many people nowhere near wall street suffering to this day. i do think the story about dick fuld is sad, sad to see someone out of work, unable to put their career back together. he s hardly the only person, we re talking millions across the country. the premise of big rescue operations brought into the financial system if you healed the banking system, the economy would recover. sooner or later. some thought it would take a long time but it would snap back and powerful self-correcting forces. we haven t seen that. we ve had year after year after year of millions of people out of work. that s the tragedy her. katrina, the biggest things are bigger than ever. they are now 30% bigger than precrisis. dodd/frank has seen 40% of its
and higher here. cnn money survey of money managers and investment managers and pros and a consensus found by the end of the year they think the s&p 500 will end up 14%. right now, heading into today s session, the s&p 500 up 15.88%. that could suggest by the end of the year, lower volatility and lower moves. we don t know what happens or what is going to happen in the stock market for sure. you only know after the closing bell rings how it is going to end. but still an awful lot to get through for the u.s. economy. here what is going right, wolf. housing market is healing. back to precrisis levels. still work to go, but that is great news. a labor market situation that is slowly healing. and we see that data week after week after week. and a u.s. economy that is growing, not great at 2.5% or so, but still the best gain in town, better than europe, which is in recession and better than a lot of other places that are
sticking to his pre-crisis schedule, president obama hit the road, visiting a manufacturing plant. others may get distracted by chasing every fleeting issue that passes by, but the middle class will always be my number one focus. reporter: and a baltimore elementary school. did you see me on tv? reporter: an apparent effort to show the controversies in washington aren t changing his agenda. but the outcry on capitol hill is only growing. the first hearing over the irs scandal took place friday. why did the irs repeatedly target the american people, and then keep that fact covered up for so long? every tweet from your tweeter account. this is very chilling for the american people. i promise the american people this investigation has just begun. hearing adjourned. reporter: the white house attempted to contain the fallout.
after a terror attack, once the long term impact is assessed, the market usually gets to precrisis levels. before the bombing, stocks were doing well. s & p up about 9% this year. allison, thank you so much. so interesting, dow futures up 100 points in a way the market giving its seal of approval, so the responsibility here and really the national resilience that is being scene at this point. appreciate it, allison. ahead on starting point, horrifying moments for runners preparing to cross the finish line. happened seconds before they crossed the finish line. we ll talk to a woman who filmed this shocking video of the moment the first bomb went off. we ll hear her amazing story. you re watching starting point. [ male announcer ] how do you get your bounce?
best rules. that it is very tough for people to get a loan and that, you know, maybe the banks aren t using the discretion that they should be able to use in terms of who actually isn t a bad risk? well the strict rules that i m talking about are, you got to put 20% down. you ve got to have a job. you got to prove you ve got a job. you have got to prove you have got income and do not lie about it. you have to produce documents to show it and you have to have a good credit score. that only takes you back to where we were say, a decade ago before all the standards were relaxed. those are the strict standards that i m talking about. only takes you back 10 years. martha: nobody wants to be in over their head. we had so much of that precrisis period. stuart, thank you so much. we ll see you coming up on the business channel. thanks, martha. martha: right now american homeowners owe more than $13 trillion in outstanding mortgage debt, $13 trillion in mortgage debt owed.