Live Breaking News & Updates on 60s Lbjs Great Society Many Poor Americans

Stay updated with breaking news from 60s lbjs great society many poor americans. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.

Detailed text transcripts for TV channel - FOXNEWS - 20110604:05:16:00

Dollars. greta: how much make? corporate executive, i made a lot more money than the average person. but it was the compensation appropriate to someone in my position. bret: paul gigot says fannie mae and freddie mac put together the most sophisticated lobbying are people out there saying you were trying to buy off politicians. what did you get for that money? only thing that we ever tried to get, from any lobbying effort was to get our story out. bret: it sounds like you are saying nothing bad happen under your watch? oh no, i m not saying that at all. i m sure lots of bad things happened. without fannie mae s efforts millions would not have owned their their own home and pass on that wealth to their kids. bret: for millions of americans, the wealth they thought they would pass on, vanished in the 2008 mortgage meltdown. ....

Bret Baier , Fannie Mae , Freddie Mac , Paul Gigot , Lobbying Effort , Oh No , 60s Lbjs Great Society Many Poor Americans , Mortgage Meltdown ,

Detailed text transcripts for TV channel - FOXNEWS - 20110604:02:49:00

Stopping foreclosures is hurting the market. dead wrong that argument. if my neighbor is fore foreclosed on i have an abandoned building next to me. you got a house six doors down that goes into foreclosure and the bank tell sells for 60 cents on the the bank sells for 60 cents on the dollar is we have to get through it and then begin to rise. bret: it is a bite the bullet solution that crockett admits will cause significant pain for americans who bought into the housing boom at the wrong time. what about the people who sat it out? i want able to afford the area i wanted or the type of house i was looking for. bret: keeping the american dream alive, after the break. ....

Bret Baier , 60s Lbjs Great Society Many Poor Americans , Bullet Solution , Housing Boom , The American Dream Alive ,

Detailed text transcripts for TV channel - FOXNEWS - 20110604:05:06:00

To fall the global economy all but collapsed. think a push to raise rate across the country played a major role in the collapse? i don t blame the homeowners. bret: you blame the bankers? yes. all about greed. bret: he claims avoiding adjustable rates and more exotic they defaulted less often. could we have length to what an industry considers subprime borrowers what did they become through the naca program? prime borrowers. bret: who is to blame for the mortgage mess? is anything we re doing to fix it working? questions an one, as americans try to rebuild questions abound, as americans try to rebill the dream. did the blue ribbon refuse to face the truth? why is this whistle-blower now ....

Bret Baier , Nate Emergency Mortgage Relief Program , Prime Borrowers , Neighborhood Assistance Corporation Of America , 60s Lbjs Great Society Many Poor Americans , Whistle Blower , Blue Ribbon ,

Detailed text transcripts for TV channel - FOXNEWS - 20110604:02:16:00

Dollars. greta: how much make? corporate executive, i made a lot more money than the average person. but it was the compensation appropriate to someone in my position. bret: paul gigot says fannie mae and freddie mac put together the most sophisticated lobbying are people out there saying you were trying to buy off politicians. what did you get for that money? only thing that we ever tried to get, from any lobbying effort was to get our story out. bret: it sounds like you are saying nothing bad happen under your watch? oh no, i m not saying that at all. i m sure lots of bad things happened. without fannie mae s efforts millions would not have owned their their own home and pass on that wealth to their kids. bret: for millions of americans, the wealth they thought they would pass on, vanished in the 2008 mortgage meltdown. which exposed fannie mae and ....

Bret Baier , Paul Gigot , Fannie Mae , Freddie Mac , Lobbying Effort , Oh No , 60s Lbjs Great Society Many Poor Americans , Mortgage Meltdown ,

Detailed text transcripts for TV channel - FOXNEWS - 20110604:02:17:00

Freddie mac as titanickic disasters. frank says he was surprised as anyone. in july of 2008 you state fanny and freddie are son and not in danger of going un. i was over optimistic. after i said that i got a call they were in trouble. it is necessary to take ox. bret: by the time the treasury secretary took over more than 3.5 trillion had been bought in subprime mortgages or securities, assets described as toxic. terrible irony is we made fannie and freddie to share with americans the right to own a house, the right to buy. instead, we ve caused many americans to lose their house. bret: just as ironic, even though taxpayers had to inject more than 135 billion dollars into fannie and freddie and share whole all but wiped out, ....

Freddie Mac , Barney Frank , Titanickic Disasters , July Of 2008 , Bret Baier , Treasury Secretary , 60s Lbjs Great Society Many Poor Americans , Fannie Mae , 3 5 Trillion , 1135 Billion , 135 Billion Dollars ,