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safer traffic now back over to you. the u.s. intelligence broke up a bomb plot to bring down a airline supposed to be headed for the u.s. linda so is here with details on the foiled plot and where official fouled the explosive device. they have seen this before. reporter: they have. and it s similar to a case that happened back in 2009. that device is in the hands of fbi. agents with the cia seized it in yemen after following a man who had not picked a target or bought a plane ticket. the intend user of the bomb is no longer a threat meaning the person could be dead or has been arrested. the fbi is now studying the device that is an improved version of the so-called underwear bomb that was used in a failed attempt to blow up an airliner on christmas day in 2009. the new bomb has a highly defined dead nation system meaning metal deteggors would have been ineffective and full body scanners may not have caught the device. i have been told by people who are work on workin
it has dropped what from that all the way down to 15%. right now what we have for loans originated in the first quarter of 20116 months later we are down to less than 10%. the last time you were here i asked about the settlement by the bank of new york as the trustee for bank of america essentially put the claims and the provisions in that that require the bank of america reach out to the servicing of the mortgages to conclude from what you said earlier and from this settlement anyone regards bank of america is during a good job servicing, and you said that the agreement did not actually required reduction which is correct, but it does specifically say, does it not, servicers must consider principal production. i don t recall the precise wording but i do recall correctly and then what to hear you say it did not mandate that. anything to reduce losses including modification. there s been stories the last couple of days at the required self audits by the banks they are se