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Detailed text transcripts for TV channel - FOXNEWS - 20100817:16:34:00

Fannie and freddie matter to this economy each if we re not even if we re not homeowners? well, they play a big role in buying mortgages from lenders and putting them into pools of mortgage-backed securities on their balance sheet so, one, they are facilitating with the help of the patrol government keeping the mortgage federal government keeping the mortgage money flowing. but even more importantly, i think, to the taxpayer we re looking at at least 140 government estimates are in the range of 400 billion as far as a trillion dollars that we ll spend, and it s important to contrast this to the bank bailouts. these are just covering losses, money we will not get back. so if we re looking at spending half a trillion to a trillion dollars, i think everybody should set up and take notice of that. jenna: it s definitely a big number. as mark mentioned, these two entities allow business to really take place with a government guarantee that makes investors feel more comfortable. ....

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Detailed text transcripts for TV channel - MSNBC - 20100817:18:54:00

Treasury secretary geithner calls the fannie freddie issue one of the most concentrated and consequence shall problems. what is the latest on the effort to fix it? think about it peter, you re talking about $150 billion so far. it s up to $400 billion taxers will be on the hook. the question is with fannie and freddie, involved in 95% of the mortgages in this country, who is going to step in if you privatize them? people in both parties think that at the end of the day, they re likely to be private advertised. but if you don t have a private company willing to step in, there s no mortgage money, but the housing market takes a hit. you ve been reporting that the administration wants a slow walk the solution to fannie and freddy as you can. give us a sense that president obama himself calling for what he calls fundamental change at fanny may and freddie mac and what sort of time frame are we ....

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Detailed text transcripts for TV channel - MSNBC - 20100615:03:50:00

Tax then. so you couldn t have prohibition unless you came up with another tax. so the prohibition said, yes, we re with you, the income tax people. they picked groups of oh, put togtd a company alitigation that stretched from the klu klux klan to the industrial workers of the world. it s extraordinary. i feel like the connection because so many of the symbols that have survived prohibition are female. i feel like if we think about prohibition at all, we associated it with suffrage, noble quotes about women and the vote. what was the connection to women with and banning booze? women in the 19th century had no legal rights, no property rights, and the man would go off to the loon saloon and he would come back drunk, having spent the mortgage money, he would come home with syphilis. the idea of getting rights for women was very much tied into stopping that and developing some rights for them and their relationships with their ....

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Detailed text transcripts for TV channel - MSNBC - 20100615:01:50:00

Secondarily. the tax movement. this is a real shocker to me. until 1910, 40% of federal revenue came from the excise tax on liquor and beer. because there was no income tax then so you couldn t have prohibition unless you came up with another tax. the prohibition said yes, we re with you. the income tax people. they did this, they picked groups off and put together a coalition that stretched from the ku klux klan to the industrial workers of the world. it was pretty damn extraordinary. i feel like the connection because so many of the symbols that have survived prohibition are female. i feel if we think about prohibition at all, we equate it with suffrage. what was the connection to women and banning booze? women in the 19th century had no legal rights, no property rights and the man would go off to the saloon and come back drunk and he could come back having spent the mortgage money and bringing back syphilis of the innocent, which he would pick up in the bar, give it to ....

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Detailed text transcripts for TV channel - FOXNEWS - 20100513:20:52:00

Looking up for housing here, right? wrong. washington s home buyer tax credits are gone and prices are falling. the next guest is not worried. the c.e.o. of coldwell banker. the people are saying the oxygen is gone, the wind behind our back is gone. we have a lot of momentum from the tax credited, pricing are stablized across the country. we re seeing unit sales up. mortgage money is available. neil: but the credit from uncle sam is gone. well i thought the administration was pretty much had an open checkbook for fannie and freddie. for the secondary market. neil: how important is their health to you? their health is very important to the housing industry and more important to the united states economy. housing drives 21% of the economy in our country so it s very important for housing to remain solid. that s why i applaud the government for the tax credit. ....

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