siphoned from other nasa programs. if there is an additional launch, the space station will get a lot of extra stuff, shuttle workers will keep their jobs a little longer and the local economy will get a tremendous boost. an estimated 1 million people will come for the launch spending approximately $30 million. from titusville to cocoa beach, standing room only. rob varley heads space vision, to see the shuttle's last dance. john zarrella at the kennedy space center in florida. all right. you're in the "cnn newsroom." i'm fredricka whitfield. this weekend a big push to help boo boost enthusiasm of voters.

president obama is on the campaign trail in boston trying to make sure duval patrick gets elected. 3,000 miles away in california, former alaska governor sarah palin and michael steel team up at a dnc rally. in maryland, a contentious race. why the struggle is not reserved for congressional races. part of the best political team on television, in oxon hill,, maryland. is it speaking to the power of gubernatorial races this season? >> reporter: one of the tightest races is for the governor. martin o'malley is the democrat. he ousted the person he's opposing this year, former governor bob ehrlich. they are in a pretty close race. we're hoping to talk to governor o'malley when he comes by this

canvassing area we're at right now. maybe he would say, maybe wouldn't admit, certainly this is a closer race than he thought it would be. it sheds light, especially when we got obsessed with talking about congress and how the balance of power could shift this election season in congress, have you to look at governors as well. right now the breakdown, 24 republican governors, 26 democratic governors. experts are expecting that republicans are going to pick up some of those seats. why does this matter? one of the most tangible has to do with congressional redistricting which can affect what happens in congress. that's something that lies at the state level. also these changes if voters decide to switch parties with the governor, bring a new governor in from a different party, it tends to last longer, not swing as much. that's something it's just kind of a more pervasive change or more long lasting change, fred.

>> brianna, people will be gothering in oxon hill, then what? what do they plan to do to secure votes? >> this is the get out of the vote area. we were here earlier, there are a lot of union members. they are going to the neighborhoods around the area. it's a democratic stronghold. they are obviously campaigning for all democratic candidates here, really primarily for governor o'malley. he's the one that needs support from the other candidates. chances are in this area, prince gorges county outside of washington, d.c., if they knock on a door, it's probably going to be a democrat who hanses it. it's about bridging that enthusiasm gap we've talked so much about. maybe there are a lot of people though ho came out in 2008 who voted for president obama and democrats. maybe they aren't feeling that enthusiasm. that's where these folks come in. they go out to knock on doors and they even tell people, hey, early voting starts october 22nd and tell them where to vote and

tell them if you need a ride, we'll give you a ride. they are doing the hard sale. >> brianna keelar, we'll check back through the day as more people try to galvanize the vote. you want more on politics. the best let cal team on television is at your fingertips when you download the election center app on your iphone. it's free, by the way. put in your zip code and it will tell you about races to download the ap, go to cnn.com/mobile/electioncenter. one more political note. people are stem talking about delaware senate debate, christine o'donnell against chris coons moderated by cnn's wolf blitzer. if you missed it the first time you can catch it again today. we'll run the debate in its entirety, 4:00 p.m. eastern time. all right. let's move on down to chile.

31 are out of the hospital. the other two rescued chilean miners hope to be released soon. they are all being treated like rock stars, mobbed by well wishers as they make their way home. some look forward to family time. others are talking about what happened during those 69 days trapped a half a mile underground. >> translator: there was only one key, speak the truth, even if the truth hurts. democracy, too, was important. we took a vote on everything. as long as we had 17 plus one, that was the majority. >> he was the shift manager and the one credited with organizing the men. he said when the first drill broke to the ceiling of the shelter they all wanted to hug it. instead they attached the now famous note letting the world know they were all still alive. onto pakistan, two suspected u.s. drone strikes are credited with killing 13 suspected militants. pakistani intelligence officials

say the drones targeted two alleged militant hideouts friday in north waziristan, the tribal area borders afghanistan and is notorious for insurgents. the pentagon is not commenting on the drone attacks. back in this country, support for the war in afghanistan has never been lower. a new cnn poll shows that little more than a third of americans support the war. half of those polls think it's turning into another vietnam. even fewer believe the u.s. is actually winning the war in afghanistan. outrage in california after a man found a gps tracking unit that was secretly placed on his car. he says he was also questioned by the fbi about his travels and he shares his story now with our brian todd. >> reporter: some of them aren't much bigger than a soda can. in some states law enforcement can stick a gps in your car while in the driveway and track

every move you make. in yasir's case it's not clear where his car was when he said fbi agents placed a tracking device on it. a computer salesman in santa clara, california, removed the device when he found it. it wasn't long before he said fbi agents approached him asking pointed questions. >> have you ever been to yemen for any type of training? >> no. >> reporter: the agents asked for their gps back. afifi has not been accused of wrongdoing. the fbi wouldn't comment on the case. they don't need a warrant to track a vehicle with a gps when it's in a public space. how watchful an eye could this device keep on you. >> what's the bess place? >> the frame of the car. the truck we're here with. >> reporter: i recently tested a gps tracker on our cnn vehicle with veteran private investigators mike o'connell. he's been using them for years,

mostly to track spouses suspected of infidelity. his gps may not have the same capability as those used by law enforcement. he's going to show me how sophisticated the device is. he's going to track me from his office as i get in the car and drive away. >> i've got mike on the phone here. >> reporter: he follows me at every turn while i question him on speakerphone. how far can you track me, mike? >> i can track you throughout the country on this device. also if you were to get on some sort of boat or yacht and went to an island, it would continue tracking you. >> reporter: for how long can you track someone on this device? >> this device has a life battery for about two weeks until i have to recharge it. >> reporter: one person previously charged by federal drug agents said it was an invasion of privacy, unwarranted search because they didn't have a warrant when they stuck it on

his car in his driveway. this man agrees. >> the law is clear. if it's your driveway, it's your private property. >> reporter: in that court case, the judge said they do not have a reasonable assumption of privacy in the driveway. placing a gps on your car in the driveway is no different than tailing you with a helicopter or chase car. >> any kind of surveillance that involves you being in public and the people following you being in public of course does not require warrants. >> mark rotenberg says this ruling is at odds with cases in other regions, including massachusetts, new york, and washington, d.c. where courts did require officers to get warrants to stick gps on cars. he hopes this will get appealed to the supreme court. brian todd, cnn, washington. all right. from rags to riches, here with a man who inspired a hit movie says about the pursuit of happiness and overcoming obstacles. >> one of the things that i had

to ask myself, looking into that mirror in that bathroom every day, how did i get here. >> what was the answer you came up with. >> i drove here. >> he said that should be everyone's reapply. my face-to-face with chris gardner after this. dochuck wo it chucking my wd!ang woodk, exchange traded funds. some firms offer them "commission free." problem is they limit the choice of etfs to what makes financial sense to them. td ameritrade doesn't limit you to one brand of etfs... they offer more than 100... each selected by investment experts at morningstar associates. only at the etf market

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so this is a common experience these days. you're out of work or you're worried that you soon might be. what about the bills, your future, your family? millionaire entrepreneur and author chris gardner has been there. he shared his struggles in a book and a movie, "the pursuit of happiness." the latest book and mantra, "start where you are." he recently sat down face-to-face with me and shared overcoming obstacles. >> you're on a role. you couldn't stop with pursuit of happyness. >> no. >> you are helping people on this journey of getting your finances together by really crisscrossing the country. what's the focus? >> i think this is just a fabulous time for a lot of us to be learning a lot more about all

the tools in the financial toolbox and being comfortable using the tools that are going to work for us. i think that this is just going to be, could be, a very, very special time in all of our lives if we ask ourselves some very big questions. >> questions like -- >> how did i get here. when i was where i was, at my lowest, living in a public transit bathroom station with a baby tied on my back. major difference between reality and the film. in the film jada smith plays my son as a 5-year-old. in reality my son was 14-month-old. that changes a lot of things. one thing i had to ask myself looking into that mirror in the bathroom every day, how did i get here. >> what was the answer you came

up with? >> i drove here. >> nobody responsible but you. >> i had something to do with the circumstances and conditions that were now my life. but there's also, fredricka, something very, very empowering about that. because when you can say, i drove her, the other side is i can drive out of here. the one person you can count on is you. i see signs of hope all around this country. i see it in friends, families, and folks, not the feds. i see it in people actually beginning to care and demonstrate that they care about each other. i see that. >> when someone says i lost my home in foreclosure, i shouldn't count on the banking industry, count on the feds to have a rescue plan for me, what do i need to do. >> one thing a lot of folks don't want to accept and a lot of people have a great deal of difficulty admitting this, well,

i had something to do with this, too. when i made the commitment to buy this property, i kind of knew it was a sfretretch. >> don't you see how people are tempted with i can have my dream home now, as opposed to a pipe dream 20 years down the line. a lot of them are taking it. >> where are they now. >> a lot are saying i can't pay bills now. >> a lot are saying i shouldn't have done it. some of them have got to say, before you can begin to progress, you've got to say how did i get here? i had something to do with it. that's very hard. there are people who watch this program and say, man, i don't want to hear that. wasn't my fault. the economy collapsed. wasn't my fault. my dog died. i was kidnapped by aliens.

wasn't my fault. you know what, it may not have been your fault, but it's certainly your responsibility. >> how do you convince people that once you recognize that i'm part of the problem, i got myself here, what's my first step to get out, now that i've admitted i'm part of the problem. >> one of things a lot of us could do right now is to say, okay, what do i really want to do with the rest of my life, what's really important to me. for those folks that have been ultimately challenged with the loss of a job is to say, you know what, wait a minute. i lost my job, but i have not lost my skills, talent or expertise. what i need to do now is create an opportunity to transfer the skills, talent and expertise to. forget about finding a job. those are two different exercises. a lot of folks are saying, you know what, maybe this is the

time for me to start my own business. i want to work for myself. are there some risks associated with that, with being an entrepreneur? yes, that's true. there's also risks of sitting in your office, one day somebody walks down the hall and gives you a pink slip. >> you have to go out on a limb. make a decision, what am i passionate about. what do i believe in? >> the first person you have to pitch and convince is you. make a plan what you're referring to. what i talk about in the new book, "start where you are" c 5 complex, daily speed limit, making a plan. a lot of folks want to say i've got hope. that's good. what's the nutritional value of hope. how would you like to be another american having to go home and tell your children we're going to have hope for dinner. we've got to have a plan. your plan has to be clear, concise, compelling. you've got to be consistent and committed every day to doing something that you're truly

passionate about. and i think at some point this is going to turn out to be some of the most exciting times in our lives. >> not just motivational speaker but chris gardner will tell you he's an aspirational speaker. more of my interview at 2:00 eastern time. find out why he once left his christmas tree up until march and made his children wait until then to open their presents. months after all that fighting for health care reform. why some of it might be in jeopardy. legal guys, avery and richard. there they are, up next. ♪ [ engine revs, tires screeching ] we give to you the all-new volkswagen jetta. we have one more surprise for you. fifteen-thousand nine-hundred neunzig dollar? [ sobbing ]

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all right. our legal guys are coming up soon. we'll talk about the fight to block president obama's health care law and the impact of a court ruling this week. also a hate crime conviction in pennsylvania involving the death of an illegal immigrant. and we'll talk about the pentagon's don't ask, don't tell policy and whether a judge's ruling against it will stick. our legal guys will be here in just about a minute. first a look at our top stories. an eye popping federal deficit. it's just under $1.3 trillion for the just completed fiscal year but still better than last fiscal year's record $1.4 trillion. going easier on crack cocaine users. under new federal sentencing guidelines it now takes 28 grams of the drug for a mandatory five-year sentence. it used to be five grams for a ten-year sentence. offenders would have to have 280 grams up from 50. sports fans in the new york

area are fuming today. a new corp. pulled the plug on cablevision customers effectively blocking out fox stations to 3 million households. the dispute is over a programming fee. some people want to make that a legal matter but not with our guys. we begin with the challenges to the president's health care plan. richard, have you some serious frequent flyer miles going, don't you. >> on the road again. twenty states can now proceed with a lawsuit challenging parts of health care reform. twenty attorneys general are on board. what does this mean, exactly? >> what it means, fred, is this. in the spirit of opposition that we've seen in the social security act, civil rights act and voting rights act, like you said, defendants -- claimants

coming forward all the over the country attacking health care. a federal judge in the northern district of florida ruled this group has standing. proceduralally the case can go forward. in december the judge is going to hear argument on whether or not the case can be heard on a trial on two issues. one, whether the government can compel people to purchase insurance and then fine them if they don't. and two, whether or not this type of legislation prompts such an expansion of medicaid as to require states to financially burden themselves too much. those will be the only tuitions for trial if the judge rules and decides against summary judgment motions pending in december. >> avery, those are the parts. they are not challenging those parts of it, just two in particular parts. what kind of timetable are we talking about? >> a pretty fast one, frederick ark. >> really?

>> oh, yeah. what's going to happen. there's a similar case in virginia. the judge in florida that richard just talked about, the judge in virginia has this on fasttrack to deal with the motions starting monday. this is december as richard said. more importantly, in terms of the time, we're seeing this national hodgepodge of differing decisions. what the judge did in florida is the opposite of what a federal district judge did in michigan what we're seeing is a boiling up in federal courts whether or not health care is unconstitutional. ultimately we're looking for a supreme court review of that question. >> oh, boy. so the road ahead. meantime. let's talk about what took place in scranton, pennsylvania. we're talking about a hate crime. two men found guilty in federal court in connection with the beating death of a mexican immigrant. among those charges and convictions we're talking about a hate crime. we're also talking about, richard, they were acquitted of

murder in a lower court. now in the federal court there were convictions. how did this happen? what was the difference here? >> the state brought charges against them. two convictions or achieved by the prosecution, district attorney's office for alcohol-related crimes and simple assault. the more important murder charges, there were acquittals on those in the states. the feds said, hmm, that's not enough punishment. what they did was they essentially charged them exactly the same way, except they did it under the fair housing act. avery is one of the foremost brilliant minds in the fair housing act in the united states, fred. they brought it under that statute. there what they did was they got convictions for hate crimes and bias based on the claim that the defendants were trying to preclude the victim from living in that area. based on that limited inquiry, they achieved it. they could be facing life in

prison now. >> that's fascinating, avery. this statute used. is this unusual or is this, indeed, how hate crime census or investigations are finding convictions by going this route? >> well, it's what congress intended when this law got passed as a direct consequence of the murder of dr. king in 1968. now this law, which is dr. king's legacy was used not only to go after the individuals who killed luis ramirez but also as far as the justice department is concerned going after dirty cops, as they see it, trying to cover it up. the legacy to send violence and discrimination came alive in a federal courtroom in scranton this week. a very historic and significant victory in making these individuals accountable for the death of that mexican. >> avery, let me stay with you on don't ask, don't tell.

where are we with this in this is getting real confusingsing. >> let me make it simple, then. a federal judge said what congress did in passing this law in 1993 is unconstitutional. you can't have don't ask, don't tell of the president says i sort of agree with you but it should be congress's decision so we now have concurrent paths. congress reexamining, getting rid of the law. doesn't matter, federal court says unconstitutional, can't enforce it. one way or the other, that policy, fredricka, is gone. >> can't enforce it. but at the same time even the u.s. military is saying to troops be careful about changing your behavior as a result of this decision. >> yeah. that's because we're in wartime, fred. if we're not in wartime, i don't think that the president would have brought on this emergency injunction. we are. he wants congress to deal with it, not the courts. congress will deal with it. in the obama administration by the time it's over, this law will absolutely be off the

books. gays and lesbians will be able to openly participate in the armed forces of the united states. >> fascinating stuff. we'll see you again later in the hour. we're going to talk about when is a nose ring just a nose ring, when is it jewelry, when is it perhaps a statement of your religion? >> wild. >> very revealing in terms about this particular religious faith. we'll delve into that, whether a 14-year-old has a right to continue wearing that nose ring and go on to school. much more right after this. i don't want you going out on those yet. and leave your phone in your purse, i don't want you texting. >> daddy... ok! ok, here you go. be careful. >> thanks dad. >> and call me--but not while you're driving. we knew this day was coming. that's why we bought a subaru.

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a recent rash of teen suicides is bringing national attention to the potentially deadly cans quinces of bullying. but a councilman in texas felt more needed to be done to actually help raise awareness. he opened up about his own painful past in a speech resonating with millions of people.

with more on the story, josh levs out of ft. worth. >> this is a man that decided to open up at a city council meeting. he had no idea it would go viral. joel burns at a city council meeting, boom. within a day you had people watching him talk about his struggles growing up as a gay teenager, being bullied. he thought he was horrible. he had to make sure no one knew who he was. >> i've never told this story to anyone before tonight. but my family, not my husband, not anyone. but the numerous suicides in recent days have upset me so much and tore at my heart. even though there may be political repercussions for telling my story, the story is not for the adults who choose or not choose to support me. the story is for the young

people who might be considering the rope or the pill bottle. give a chance to see how much better life will get. it will get better. you'll get out of the household that doesn't accept you. you'll get out of that high school. you never have to deal with those jerks again if you don't want to. you will find and you will make new friends who will understand you. and life will get so, so, so much better. >> what he said is really speaking to so many people. in fact, fred, i watched the whole thing a couple of times. i know you have, too. one of the most moving parts is when he talks about his father. he says he wishes he could go back and take his own 13-year-old self to his experiences later on, including being with his 67-year-old father in the hospital. >> the 13-year-old me will see

today holding my dad's weathered hand, seeing my dad as he woke up from his operation, and him squeezing my hand and look up at me and say, joel, i'm so glad you're here today. and i say back to my dad, i am too, daddy. i am, too. >> can't have any life experiences to not feel what he's feeling and feel what's making him so moved. >> he wanted to make an impact. he had no idea he'd make an impact on this level. it's extraordinary. >> at the same time, a politician just being so honest and so raw and so real. what we've been talking about with bullying and suicides, then you have a man in political life

taking a risk with his own political life coming out and talking about this issue wanting to save the lives of young people. the entire thing yesterday on alli velshi. he spoke with us. here is a little of what he said. >> ask them to look around. ask them to see the kids in their classrooms they may not be friends with but they see getting picked on and let that kid know it's okay. there's someone who might stand up for them. there's someone they can lean on. there's someone hole have their back. it's important for the parents to give their kids that permission, remind them they can go to their classmate and say, hey, i know times are hard for you. if you ever need a friend, let me know and i'll be there for you. >> what parents can tell all kids, bullied or not. you and i have talked a lot. along comes somebody with a voice that reaches them in a unique way. >> his underlying message is how indelible experiences are as a child and how it lasts, how it

stays with you for a lifetime, whether they be good or bad experiences, and him revealing what happened to him really does resonate and underscore that. >> interesting. no matter what it is you're holding onto, moving on. >> that's right. josh, thanks so much. appreciate that. we'll talk with legal guys one more time. the court rules gay couples can now adopt in florida. our legal guys are here with that story. [ male announcer ] the next big thing from lexus is not a car.

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all right. our legal guys are back. we always love that, always here at this time for the second time around. same-sex couples in florida get clearance to adopt children after the court rules the state ban is unconstitutional. it was the only state, right, gentlemen, banning gays from adopting. so florida decides it's not going to appeal, avery. was there feeling that florida was going to pursue an appeal of this decision? >> well, you know, the attorney general bill mccollum can do that. charlie crist said, look, i thought the law was stupid in the first place. i'm not going to authorize the appeal. there is some sentiment with some in florida it should be

appealed. bottom line, it's not going to be appealed that silly law is now gone. >> richard, that's where you are in florida, miami. has there been a collective response on this? >> well, i think that people in the real world in 2010 realize and accept the principle that it's the best interest of the children that is the paramount issue here and not reliance on antiquated doctrines or whatever bill mccollum is saying. the government accepted it, florida department of children and families accepted it. even if he does appeal it, it's going nowhere. the courts have ruled on the essential issue. it's happening. welcome to 2010, the sunshine state. >> okay. let's talk about this interesting case involving aclu and the nose ring that a 14-year-old was wearing at school, gets suspended from school because they say, you know, this fashion statement is not allowed. she said it's not a fashion

statement. this is an article of faith, richard. she belongs to a group that recognizes piercing and other sorts of thing with the body and she's doing this for religion. good argument? >> it's not a good argument. the fact the group recognizes. that's nice. they have already looked into the rules of this group. >> freedom of religion, expression. >> richard, richard -- >> you don't have to wear these all the time, fred. that's the point. they don't have to wear it in school. the school said no government now they are trying to do it on religion. i'm sure she has no idea what this church of -- >> body modification. if you look at the website it's fascinating the imagery that comes with all the different ways in which people are expressing their religion. different piercings, body art, et cetera. so avery, you sound like you're really digging in your heels this is an argument of freedom

of expression, religion. yeah? >> i agree with the federal district judge. they applied for religious exemption. arianna and her mom and dad belong to the church. we may not agree with the doctrine. as long as they are not hurting other people, there's no way some principal is going to make a decision on the sincerity of one's faith. i think the federal district judge was right, put her back in school. frankly it will cost the school district a lot of money. leave her alone, as long as she's not bothering or interfering with the educational process. very simple. >> you don't have to worry about this being the new yorker you are, even though you're in florida now. lawn care. one woman decided to take the issue to task. she doesn't like the ordinance in place that says you've got to mow your lawn. she took it all the way to the georgia supreme court. did she take it a little too far in your view. >> yes? mrs. gasses needs glasses.

$150 that was the fine. she was in defiance. i'm not going to mow my lawns, akin to slavery, involuntary servitude, i'm not going to do it. absolutely ridiculous. my miami paralegal graduates know there are other graduates in other case with strong precedents. >> there is a precedent, ohio, why would this woman and her attorneys feel like we're going to give it a go. >> i agree with richard, ridiculous, mrs. gasses should cut her grasses. that's what supreme court said. this matter is over to equate this terrible chapter in american history, slavery, compare it to cutting the grass? >> let's see who cuts the best argument as this case proceeds.

you didn't get it. you didn't laugh. >> you say gases, we say glasses. >> we're all in sync, we've got that going on. richard, avery, great to see you guys. have a great weekend. >> good to see you. take care. former president bill clinton embraces an old rival. that and more coming up in our political updates. challenge tha. olay bodywash has 2 times the combined cleansers and moisturizers and 25 percent less water than the top selling bodywash. soft, smooth skin. with olay. [ indistinct shouting ] ♪ another day ♪ another dollar ♪ daylight comes [ dogs barking ] ♪ i'm on my way

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seventeen days away. there is president obama not campaigning for himself but getting on air force one with andrews air force base in maryland outside d.c. because he is heading for boston, massachusetts, where he'll be stumping for his good friend, massachusetts governor duvall patrick. dan lottian is traveling with the president today. we'll check in with him as the president makes his arrival in boston. meantime with midterm elections right around the corner, the rush is on in a very big way. here is a look at the headlines from our political team, the best political team on television. republicans are demanding that speaker nancy pelosi called the house back into session.

representative mike pence who wants a vote on the election before extending bush era tax cuts set to expire before the end of the year. former president clinton buried an old hatchet last night to campaign for california gubernatorial candidate jerry brown. clinton and brown were bitter rivals for the '92 democratic presidential nomination. they embrace last night at a joint appearance in los angeles. brown is in a tight race against republican meg whitman. even the republicans are up in the national polls. democrats appear to be doing well in the phrasing category. new report showed democratic senatorial campaign committee raised $27 million from july to september, more than $15 million in september alone, nearly double the amount republicans actually. the wake of friday's nor'easter still being felt by some in new england but overall a pretty nice saturday shaping up weather

wise. a big football day. that's all people care about. karen maginnis. >> they don't care in the rain, football, sunshine, they are happy a. >> it's an sec weekend, some may see big ten. you're wearing auburn's colors, orange. >> that was a mistake, didn't mean to. i'm not rooting for anyone, win or defeat. it's just october to me. >> we've got a lot of big football games going on. ohio state plays in wisconsin. that is going to be a little tricky. >> my dad's alma mater. go for the buckeye. red and white. >> it's windy. really tricky when i start a throwing game and all that kind of stuff, overall we've got a fairly nice weather picture. what we're looking at is most of the rainfall across the northeast and into new england. it's not just rain. it is a cold, steady rainfall. look at these wind gusts that we're seeing all the way from boston to rochester, portland,

banger. these wind gusts are running between 25 and 35 miles an hour. it's fairly gusty. what we're also expecting is as this area of low pressure begins to pull away, we're going to start to see this wind drop. but winds essentially are coming out of the northeast, hence, the nor'easter. this time of year they can be very wicked. for today, we've got very dry weather but the interior valleys into the pacific northwest, they are looking at freeze warnings tonight. this is a very good agricultural area. when these temperatures drop down into the 30s, fredricka, farmers and agriculture people become very concerned about that. two areas to watch, northeast, northwest. >> okay. thanks so much, karen. >> you're welcome. all right. guess what? poppy harlow in town usually out of new york talking to us about cnn money.com and everything else finances. she's here in the house in atlanta right after this. was gathered together in one place.

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big old fine for corporate bigwig who allegedly misled investors in the subprime mortgage crisis. poppy harlow in atlanta. let's talk about the settlement and how much it means and how big an impact. >> big news. s.e.c. settled with angelo mozilo, the figurehead of the financial crisis. he headed the biggest mortgage lender in the country. this is the only individual fined $67.5 million. the only individual fined we've seen in the entire fallout from the mortgage mess. we've seen a settlement with goldman sachs but not an individual. what the s.e.c. says here is 2006, 2007, this guy -- you see him testifying there -- he sold

$140 million worth of stock while telling investors it was actually a strong portfolio. his company was doing well, morning market was strong. i want to read you a quote that came from the s.e.c. the enforcement official said it was fitting outcome from corporate executive who disregarded duties to investors. what's interesting is s.e.c. didn't push forward and take this to trial which would have started tuesday in los angeles. they settled. some say -- they didn't know if they would have won. if they don't win, it hurts their reputation, which has already been battered. what this does for angelo mozilo, why does he settle? that lessens the chance of criminal prosecution. the first personal fine paid as a result of this financial fiasco. >> let's talk about foreclosures in a different way. this week accusations banks were acting improperly on a whole other level. >> this has been happening.

this was big 50 attorneys general launched investigation did banks issue fraud len paperwork. what we really care about, what does this mean to you. if you're a troubled borrower in foreclosure we need to know, it doesn't change the fact if you're delinquent on mortgages. lawyers said you are not going to get to keep your home. you may stay there a few months. this isn't going to mean they forgive your mortgage, your debt. that's what you need to know. if you're a buyer, it's important to think about the fact this is going to make other home prices depressed. this is the one silver lining. that's going to mean more inventory on the market. this may help you as a buyer, not if you're buying foreclosed homes because a lot of halted. if you're a seller, bad news, more competition on the market, more homes, lots of questions for people who want to buy into the foreclosures. the bottom line people need to know, if you're in foreos