in their homes but we ve learned that not very many of them will qualify according to sources, and taxpayers will be funding those that do. the government regulator of fannie mae and freddie mac is expected to announce as early as tomorrow that the mortgage giants will start allowing limited principal reduction, debt forgiveness, to some homeowners who are under water on their loans. edward demarco, acting administrator of the federal housing finance addings managers, he has resisted allowing debt forgiveness on loans held or insured by freddie and fanny to limit taxpayer bailouts. so far taxpayers have invested more than $180 billion in them. but tomorrow, industry sources say demarco could announce that he will let fannie and freddie participate for the first time in a treasury department program to reduce mortgage debt. it s funded by more than $20 billion in bank bailout money, taxpayer money left over from that t.a.r.p.
have an argument about what s stupid, how about his vote for the t.a.r.p. program. which as it was pointed out last week, the most single unpopular, the single most unpopular piece of legislation in recent american history. and charles grassley voted for that. and me as a conservative, i think that was a pretty stupid vote. you may not have a conservative friend in the country after that. thank you. start asking me about conservatives. you re not asking me. like mitt romney, don t make the mistake, you said is not a conservative. thank you very much. we ll see you later. a quick programming note tomorrow morning on the today show. you can see the exclusive interview with republican congressman paul ryan. a new autism study tops the news. obesity during pregnancy may increase charges for a child to be diagnosed as autistic. that is according to a new university of davis study. researchers say it does not
bailout remains controversial today. mitt romney says he would have allowed the car companies to fail. president obama on the other hand is touting their recovery as a significant achievement for his administration. clinton eastwood, well, he said this in november. quote: i m a big hawk on cutting the deficit. i was against the stimulus thing, too. we shouldn t be bailing out the banks and car companies, unquote. that s why i said yesterday that i believe mr. eastwood was doing a pro-america commercial not a pro-obama spot. talking points also believes that presidents bush and obama did the right thing by propping up some major american corporations that were about to go under. that saved thousands of jobs and if the tarp program had not been authorized, worldwide panic would have been substantial. however, now, now it should be mandatory that all private companies that receive taxpayer dollars pay them back. chrysler should not be strutting around celebrating its recent success while
including aig, gm, and allied financial. jon, here s the thing. the watchdog is saying that essentially the public perceived that the tarp was going to exit out of basically these invests when bank of america and citigroup stakes were unloaded. but then the public basically did not get the full information from the treasury department essentially that basically the tarp program is continuing, continuing and it could be cemented into the government s permanent architecture of bailouts, quote, for years to come as tarp has now morphed into 13 bailout programs for, not just banks, but for the automakers and the housing market. so this is the warning that is coming from the overseaver of tarp, jon. jon: is there any one thing really driving the losses here? yeah. that is an important question. basically what the overseer, the watchdog is saying is that back in october of 2010
broken, some rescue programs will last until 2017 and taxpayers are still on the hook for $133 billion from the ones we had. and dave ramsey is not surprised, the best selling author and uber radio host. you told us this would be the case. but here we go. guest: well, the tarp program, it has been loosely run, it has been riddled with fraud. and, the accounting on it has been pitiful. if someone ran a decision in my business we would have a good old fashioned firing. citric dick louse and to use that as a speaking method, i understand, but we know that bailouts have not stopped and the handouts have not stopped and, he towns around in the rest of the state of the union speech and talked about how he would tax the rich again so we can give to the poor. our president, robin hood, thank you very much. and it just continues.