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Headed this successful Mortgage Company put together a program of vip service. That include our colleagues staff of congress, the house and senate, postmaster general, anybody general, anybody they could have influence with. Do a favor for. It was not just make the process easy and the mortgage can be difficult and a lot of paperwork, it was to make it cheaper. They will waive fees and provide favorable discounts in the case of one senator they actually did a mortgage on the property in ireland even though they never did anything outside the u. S. Except for that senator. When the scandal started to break what you saw was two directions. One was called mozilla who never paid a find and the other lead toward those who took. What size he had a reason, it was distorting was distorted policy. That destroyed a policy if you believe he succeeded was part of the meltdown in 2008. Part of the mortgage crisis. Host you are going with som ....
Gore. Guest i sure am. Host i like the story of the recount, a horrendous time of taking on the issue. It was one thing after another but the biggest one is when you were running against Carly Fiorina. I see what you are doing and up against. You are running and i thought now that we have seen Carly Fiorina running for president , you kind of put it away in that. But the moment when she got caught on air talking about your hair from the people are into these issues men wouldnt have to deal with. Guest its interesting and im glad you brought it up because it is an amazing lesson for the people watching this. Things happen that you dont expect. I was running in 2010, and Carly Fiorina was considered a toptier candidate. She had millions of her own that she had gotten when she got her golden parachute and got fired for hewlett ....
And lofiason bank sees profits rise sending the stock to the top of the stoxx 600. Coming up, nobel prize laureate tells us why president putin commands so much power. Announcer youre watching Worldwide Exchange, bringing you Business News from around the global. All right. As anticipated, the eurozone pmi data is just hitting our wires right now. The eurozone august flash composite data coming in at a level of 52. 8, a little below the reuters poll. Reuters forecasted 53. 4. So its actually quite a bit below. Again, its weaker than what we saw in july and its weaker than what the reuters poll anticipation had been. The flash composite pmi data. The output price index, 48. 9. Thats a slight dip from what we saw in july. The flash manufacturing pmi data coming in weaker than anticipated according to the polls again. 50. 8. The expectation was for 51. 3 according to the reut ....
Matt taibbi talks about the divide between the rich and the poor in the United States and the problems that grow from the level of wealth inequality that exists now. Thats next on booktv. [applause] wow, thank you. It is a big crowd. I was actually at a, i did a speech for a law firm in new york about a month ago and, the crowd was way bigger than i expected and, i was about to take, go up to the podium and i asked the partner at the firm, i said, how did you get so many people to come to this thing . He said, that was easy. We told them you were ben bernanke. [laughing] so i dont know who they told you was coming to night but my name is matt taibbi. Im a reporter formerly of Rolling Stone magazine. Now with first look media. I will explain i guess, myself. What that is later but first i obviously want to thank all the folks who brought me here. Kay and burt and her husband and ....
Fateful history of fannie mae, faithful not only for fannie mae but for everybody else too and there are copies of the book out in the reception area which we hope you will buy and which bob hagerty will autograph after the program. I am the president fellow at a e. I. And we are pleased to have you with us to consider this fateful history and its role in american politicized Housing Finance. After many years of dealing with and thinking about fannie mae i thought i knew a lot about this subject but i learned a lot more about it from reading bobs book, especially the very longterm evolution of politicized Mortgage Finance in this country and also about the vivid personalities involved over the last 40 years, all the way to the end of the story, at least it is the end so far. The book is full of information but in addition if you read my invitation to this event you know i ....