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Thanks, guys. Good afternoon, im charles payne, this is making money. Breaking right now the market acts great you about why does it feel so bad . Maybe it is the hamfisted reaction to earnings when they miss and revenue when they miss because there has been hell to pay. Well have owed to foghorn leghorn. Powell wants to desperately avoid looking political. When 90 belongs to one Political Party kind of hard not to get the message across. Could this be the summer of hell for the Housing Market. We have a lot of evidence pointing that way. Would you get a heloc loan if you could get it here . Paying nativeamerican not to work has a folks cheering massive illegal immigration. Kaylee mcgheewhite, so much more on making money. Charles all right, folks thats the theme of earnings season. You know, you have some of these stocks in your portfolio got whacked just like that. Beyond ....
Discrimination against minorities, black and latino borrowers in massachusetts continue to be reject insisted for home mortgages and much higher rates than whites. The piece written by Jay Fitzgerald goes on to quote an annual report that shows that even when minority borrowers have roughly the same income as whites, there is still a distub distubbing and persistent pattern of rarely disparity in mortgage approvals in both Greater Boston and across the state. To further discuss the topic we are speaking to Jay Fitzgerald and who interviewed the author of the report. Jay, welcome tourban update. Thanks for coming in. Reporter thanks for having me. Anchor lets begin if we can just start by talking about where this information came from. Gym at the university of massachusetts boston has been doing this study for 20 years, h ....
Any act, the result of which that the thing you object to by virtue of submitting your virtue on a piece of paper that triggers the government that results in the provision of the coverage that you object to and it will will be this act. How will that be and all you have to do is push a button, lets say, that will bring it into the same play that brought in to play by your objection and if you press that, it is a different act in your pressing that that will bring into play the government financing of the things that you objected. And if that were the case you would say when we pressed that button we are facilitating and bringing about the very things that we object to, we are complicit. I dont know that we would, first of all, by pressing the button with whom we have contracted to arrange for the services, we might not be a part of that. If the pressing a button is not substantially different. This is the kind of thing, these are difficult and philosophical and moral lessons and im no ....
Seeking input about how these gdps should be set, what criteria should be applied in setting the gdp. Should it be just about protecting against the risk that we are that fannie and freddie are assuming, should it be about capital formation, should it be about attracting private capital . The process has been very transparent, and so you decided to study it again. Yes. The process that the gentleman from new jersey brought is an issue im interested in as well. In fact, i had conversations with your predecessor in that there are some states that have very very stringent foreclosure procedures that in many cases keep the people who are in good faith, gets them not much for the property sometimes years. That is a higher risk to those entities and those foreclosure rules are very consumer oriented. Im not opposed to those states deciding that, i think thats their right. But i think what they have to also understand is when you make it so consumer oriented in that you penalize the people th ....