really? and maybe a bunch of billionaires as well. what many people are asking is to buy or not to buy? that is the question today. ali velshi and christine romans have very, very different opinions on whether you should buy in or not. i m curious. do you buy? i m on facebook. love facebook. is this going to be apple or not? remember, apple went sideways for a long time and almost went out of business first, right? it s more like google maybe. google went up. both were game changers. that s right. this is going to be history one way or the other. the way i see it, this is the second transformation of the internet. the reason i say that, remember, brooke you re probably too young to remember. when we used to get all those disks for aol, they would mail them to you. you get them at the supermarket and you get this portal? the internet was about portals where you got weather, traffic, business, sports, all these things you didn t know where to get anywhere else. google
they also met. what s also interesting, kyra, rick perry met with three of donald trump s children. you know, i spoke to michael cohen who is trump s top political adviser. i just got off the phone with him and cohen said he spent some time with perry, as well. they talked about the economy and jobs and talked about family. all topics we would expect to come up during the conversation with donald trump. what is the take away from trump? cohen tells me that trump likes him as an individual and also likes what perry has done in texas, as far as creating jobs and also to make it a pro-business state. but donald trump is not ready to make any endorsements yet. as i said, mitt romney will be in new york in a couple weeks to meet with donald trump. kyra? he hasn t ruled out his own presidential bid, right? no, he is leaving that on the table. donald trump, if he endorses in this presidential election and that person gets the nomination and, of course, he says he won t run. but
foreclosure paperwork without checking all the facts and jpmorgan chase said it made mistakes but not with any homeowners but members of the military. the bank admits it overcharged on mortgages for 4,000 members of the military, accidentally foreclosing on 14 homes as well. jpmorgan says it s fixing the problem, mailing about $2 millingion of refunds and that it s resolved just about all of the accidental foreclosures. once again, a big, big oops for jpmorgan chase. brooke. an oops, but alison, what people may not understand there are laws to protect people of the military from foreclosure. exactly. the laws that you re talking about. the laws that says the mortgage rate for these military members has to be capped at 6% if you re in active duty. the bake can t immediately foreclose on you. you have to be given the grace period, a few months, to try to work things out and come up, you know, with the money to save your house so jpmorgan has to reimburse military members if they are
contribute to a settlement fund that the commission would manage to pay claims to homeowners who suffered from improper foreclosures. eligible homeowners would include tens of thousands of those whose banks screwed up foreclosure paperwork in court. the 50 states attorneys general are now pushing big banks to settle with them, so bair thinks a special commission is a real possibility. i think there is going to be a negotiated process here, so who knows what is going to come out of it. but we think helping to define this to date is helpful to move the process forward. yes, i think there is a possibility it will get something like this in place. i do. reporter: this commission and any settlement fund would not pay anyone who lost their house in a legitimate foreclosure, someone who for example, bought more house than they could afford. and could not make the monthly payments. chris? chris: peter, thanks. the first hearing in the obama administration by the new
northern plains through the big northeastern corridor cities and down through dixieland. temperatures today just in the 30 s. that s your fox travelcast. brrr, it s cold outside. well, across the nation, homeowners are suing to get their homes back after banks made mistakes in foreclosure paperwork. but the news is leaving some residents in very tough situation. orlando salinas has more for us from miami. good morning. good morning, gretchen. foreclosure lawyers say here in florida there are tens of thousands of folks who are already lining up who are ready to sue to get their house back. these folks admit they did fall behind on their payments but they re also saying, look, the courts did not follow the proper procedure. in many cases, they say they were never served and the law says that the bank, as you know, can take possession of a home but has to follow these specific steps. no ifs, ands or buts. what happens when a bank sells that foreclosed home to an innocent third par