Steve Chiotakis speaks with Nick Timiraos of the Wall Street Journal on a plan by the Obama administration to help homeowners under water on loans and to settle with banks involved in the robo-signing debacle.
The Wall Street Journal reports today that the Obama administration is working to settle mortgage-servicing breakdowns that involved practices like robo-signing foreclosure documents. The settlement plan could cost America's largest banks billions of dollars. Janet Babin explains.
As the unrest continues in Libya, Bahrain, and Yemen, the Chinese government has scaled up its control of the Internet to prevent protests in China. The government has called on search engines to block search terms related to the unrest in the Middle East, as Rob Schmitz reports.