tarp has nothing to do with the economy.ou know why the economy is lousy because president obama did a stimulus package and it failed, didn't know it was failing and-- >> by the way, tarp set the stage for bailouts that needed to be bailed out rescues we had to come back and rescue again. we extended it beyond its origin tensions and pretty soon we were using the money to pay for cash for clunkers, to go back and rescue the automakers. >> those are pennies, pennies, neil. >> not-- >> may be pennies for you, mr. hollywood star, but the bottom line, a slippery slope. >> those are pennies. >> this has opened the door to untold billions going it bailout other businesses down the road, mark my words. number one, and number two, pan to throw this-- a lot of these losses are because of general motors, so to dove tail with the last segment, the unions makers and the third thing, you want to worry and wring your hands, and we're neck deep in fannie mae and freddie mac, we're neck deep in these companies. >> neil: adam, if you could p

inspector general for tarp said today tarp was not just conceived as a program to reward or you know help fund banks through their tough troubles. explicitly in side the language around tarp was that a good chunk of the money needed to go to help homeowners and whether you're talking about the hardest hit fund or you're talking about hamp or any of the other programs that came through tarp all of them have been generally a failure but let's talk about this specific find here the hardest hit fund when we find out only three percent of the entire budget more than seven billion dollars has been used in the last few years were to report attribute that you know by who do they blame it on what they blame it on. they largely blamed it on the treasury department and what they said is that treasury had if they did not provide the leadership or the planning to get these programs started and get the money out the door hardest hit fund was basically a kind of a partnership with the states that were affected and qualified for the program so you know so i think some people at treasury would claim

four bodies inside the school were covered with tarps. and rescue workers removed four other bodies as the chronicle describes on the stretchers. highland hospital is reporting they are treating four victims. students continue to evacuate the building. more than half an hour later. but at this point live from kgo television it appears that most of those inside, if not all of them are out. police have taken up position around the building. officers smashed in the glass doors with hammers and rushed into the building. at that point we did not know exactly where this shooter is. could the shooter be contained? yes. or gotten away? that is a possibility. police have warned the public to stay away from the area. and described gunman as asian, in his 40's, with a heavy build and khaki clothing. and a woman who is 52 is quotes as saying, from the area, she was doing errands in the industrial complex and saw a young won leaving with blood coming from her arm and crying. she said "i've been shot, i've been shot." a quote from the "chronicle." whil

they were in a median in the street with tarps over them. and we did hear two people have been shot -- shot in the head. you are looking at live pictures of -- crews are leaving the scene. not sure if the suspect is in that cruiser or not. but we do have confirmation now that the suspect in this shooting at oikos university university, so at this point, in the immediate area of oikos university, there is completely a decrease in the tension, now that -- now that they have been -- now that they have a person -- no word on what led police to the location. we will continue to try to get more information on that. in the meantime, we need to go back to tara moriarty back outside oikos university. >> the sheriff avenue department will be arriving shortly. the mood here seems to be a lot more relaxed. before they were really pushing us back. they were very much on edge telling us we were sort of in the line of fire, very agitated. it seems to have quelled. so understandable now that we've learned that the suspect has been caught, still no informati

known as tarp.ial inspector general dismisses that prediction in a new report to congress writing it's a wildly held misconception that tarp will make a profit. the most recent cost estimate for tarp is a loss of $60 billion. treasury is sticking by the original estimate telling the huffington post most of the remaining cost is related to a different aid program that it admits was never intended to be recovered. massachusetts congressman barney frank is calling out president obama for cracking down on medical marijuana dispensaries, raids and other tactics forced 200 growers and distributors to seize operations. the retiring democrat tells the hill he is disappointed that president obama is not keeping the campaign promise to let the state laws determine medical use and distribution of the drug. i think it's bad politics and bad policy. it's a grave mistake. finally at the first country -- at first, the country of colombia laughed off the u.s. secret service prostitution scandal. but thousand now th

. >> turns out our tarp profits weren't just a myth. they were a lie. my view coming up.ng a movie. [ growls ] lucky for me your friends showed up with this awesome bone. hey! you guys are great. and if you got your home insurance where you got your cut rate car insurance, it might not replace all this. [ electricity crackling ] [ gasping ] so get allstate. you could save money and be better protected from mayhem like me. [ dennis ] dollar for dollar, nobody protects you from mayhem like allstate. etch-a-sketch candidate, an image where romney is anti gas. for the energy to keep you going. who wouldn't want to be a part of that? payday. the sweet taste of energy. >>> homeowners fight back. the leader of the charge steven lerner will join us next. but first our final trip of the week into "the war room" with jennifer grandholm. what is on top tonight jennifer? >> we're in a new location. it's really the war roof tonight. can you see where we are. one guess. >> it looks great. >> it is the white house, it is so fantastic, but we'll talk about how progressives are mobilizing

i see the tarp behind you. >> that's right.ch of rain that came in and came out. >> official word from the team is that the first pitch will happen at 1:35 this afternoon. we will keep you posted. behind the scenes, stadium workers have been working hard to make sure this team goes off without a hitch. >> you have all of the manicuring of the field. you haven't played on a baseball field. we're very congress about it and very protective. >> we have -- this is the biggest amount of season ticketholders we're had. it's excitement for the 2012 team. >> reporter: now, giants fans pick up their last part of the gear yesterday. they take on the pirates in the first of three games. this comes on the heels against the colorado rockies but their lose to the diamondbacks. if you are headed out there. back out here live, you can see the guys in the orange suits are getting ready to pull the tarp off the field. an exciting moment here at at&t park. >> this is already a record- breaking year for the giants. the giants also set a record for

so much rain they were sweeping away the water at the coliseum tonight, tarps brought in to protect the in-field. as fans had to tough it out in the rain, the game delayed for 45 minutes. it was coming down in buckets later in the evening on university avenue in berkeley. people literally running for cover as the rain picked up in short bursts. taking cover under umbrellas, people bowed the rain as they made their way in and out of different restaurants. the rest of the bay area also getting soaked. here in san jose with mist flighting off the back of cars or in mill valley, drivers taking it slow and steady. and in alaed me asome sailors not -- alameda, some sailors not afraid of the rain. >> reporter: and i wish i could tell you that's all she wrote as far as the rain, but that is not the case as more rain is expected. and especially difficult for a lot of parent this is week who are home with their kids because it's a break from school, and they're having to come up with some rainy day activities to combat that cabin fever. >>> a kung fu instructor in san mateo has been arrested on c

a report from the inspector general says despite claims to the contrary, tarp will cost us $60 billionepartment had claimed, but so much worse, tarp could be doing reel harm and here is why. it is creating the same dangerous incentives that caused the crisis in the first place. here is one more sal from the report, a significant legacy of tarp has potentially disastrous consequences associated with institutions deemed too big to fail. the big banks are getting bigger, and the federal guarantees to make any same crazy bets that got them in trouble before. meanwhile the smaller banks, the ones that actually lend and help the economy recover are being squeezed because they can't compete. and it stheems big banks are also up to their old illegal tricks. a day doesn't go by that goldman sachs isn't on the wrong end of another criminal investigation. which is why it is so odd when tim geithner says you legislate away stupidity, no but you can prosecute criminality. pretty soon you begin to think we haven't learned anything. the bad guys are still playing games, and we're going to get stuck w

look at the birdie, tarp didn't lose money.ook over here at this issue of the failed banking system that we're left with. >> to one extent it hides the system, and then to the other extent, it would drive shared values up, make the banks solvent and you could guarantee that you would be able to sell it at the end of the day more than we paid for it, but as you pointed out that's not the critical question. you deal with financial institutions. you have your finger on the pulse of the economy. the economy is outcome is determinative by the presidential race. do you think the economy will come back, the economy at large where reel jobs are created? >> i don't. i tend to be probably too much of a skeptic by nature, so take what i say with a grain of salt, but the conditions that led to the financial crisis were actually where people were taking equity out of theirs homes to spend and live. we haven't addressed these fundamental issues question yet. now we have the fundamental issues of an overly indebted society both consumers and

no concrete plan from treasury to get banks out of tarp and we see hundreds of banks still in the tarp program. rick: do we have a list of deadbeat banks and worst offenders? >> the worst offenders is general motors, aig and al ally financial. gm still owes $27 billion. 40 billion owed to tarp. ally financial not public and still struggling, owes 15 billion. we own 77% of the aig. both of those companies, their shares are underwater. taxpayers have yet to break even on the shares. that is why treasury is still holding onto the stocks. back to you. rick: i wonder if they will get a call from check shun agencies. liz macdonald, thanks very much. >> sure. jenna: the battle over illegal immigration reaching the highest court in the land as the supreme court hears arguments today on arizona's controversial immigration law. one. toughest laws in the entire country. we have a live report from the supreme court coming up. rick: also met at that world peace -- meta world peace learn his punishment for throwing at that elbow. what it means for his team in the playoffs. jenna: a mad cow case in t

but according to a detailed report by the special inspector general for the tarp program, of the $7.6 billion set aside for the hardest hit fund, only $217 million has been spent to help families. only 30,640 people have been helped, far short of the programs goal to reach around half a million struggling homeowners. housing activists say the report by the inspector general makes it clear the treasury failed to lead. >> for whatever reasons-- lack of management skills, lack of priority, the treasury didn't put the resources on getting the money to the at-risk homeowners. >> reporter: the treasury says that is absolutely not true, that it has talked to mortgage servicers and the mortgage giants fannie mae and freddie mac, trying to get them on board. tom? this report though shows at least the treasury came up short on almost every measure. so what's the program doing now? >> that's a good question. so the treasury says the report really focused on the start-up problems, you know what it took to get it going. but since then, now that the program is more up and running, that the money th

the tarp bailout, originally pegged tlose341 billio now may lose just $60 billion. the government may also come out ahead on all of its financial rescue efforts. add up all of the bond buying the federal reserve has done, along with the tarp program and the costs of bailing out fannie mae and freddie mac, and the treasury says the government could see a slight profit. giving out more loans, especially, more home loans helped first quarter earnings at two major banks. both j.p. morgan and wells fargo reported better than expected earnings thanks in part to writing more mortgages. that business was helped by home owners taking advantage of lower rates by refinancing, but also business from federal government assistance programs like the home affordable refinance program or harp. that program allows home owners to refinance regardless of how much the value of their homes has fallen. both j.p. morgan and wells fargo also set aside less money to protect themselves from loans going bad in the future. but j.p. morgan did earmark two and a half billion dollars for future le

and you've got cases like with the tarp you find out that some of the tarp money that was supposed to we're being told this is for banks so your pension fund doesn't go out but some of the cash went to rise and in general. electric to back up you know some of the losses they had taken so that their operations wouldn't be disturbed a my business got disturbed after two thousand and eight i didn't get checks from anybody i didn't get even you know a star you know you're not going to be bringing as much money home to your family i didn't get that the corner grocery store didn't get that but some players do so when you get those three things and you just have this you know a few huge players in every industry to pretend like the state of the industry of looking at the future is like it was when i got into the business in the mid ninety's you know the. the way that it needs to be are going to be good for joining us and i guess that's how is that a thing is that i don't don't trust people. i got i got a rabbit i gave away one thing if the mother died thank the lifes. archived just ahead and

>> well, we got the tarp on the field right now. so it's going to be generally when we have the tarp on it's always an earlier call in. just a lot of activity in the morning getting ready for opening day. a lot of things going on in and a lot of things in motion. so we have an early call in for today. early batting practice and with it being opening day we want to make sure we got everybody in line and get going and make sure that tomorrow -- come our end we're getting everything done. >> john i have a chance to go to the nats park to see the sox play when they came for the last preseason game. and the field looks magnificent. is it difficult with the wide temperature ranges? next day we're expecting frost. is it difficult to make that field look as good as it does? >> well, absolutely the temperatures have been kind of a change -- a challenge for us here the last -- i'd say the last week or so. it doesn't does make it a little bit more challenging for us to manage the field. the temperatures have been kind of a drastic change espec

that's the latest estimated loss from the troubled asset relief program tarp as we know it. a half years after the feds rescue of the financial sector. taxpayers are owed $118 billion. but it's not all dollars and cents. tarp inspector christie romero acknowledged that it may have been a bail out then but may make things worse down the the road. because the banks who created the crisis are back on the high-risk bandwagon with an explicit government guarantee standing behind them. meanwhile millions of americans lose their homes and suffer under high employment. we may still be living in a world where too big to fail banks keep the upside where we the taxpayers get all the down side. stephanie miller rounds out current's new morning news block. >>it's completely inappropriate for television. >>sharp tongue, quick wit and about all, politically direct. >>politically direct to me means no bs, the real thing, cutting through the clutter. my show is the most important show in the world. it takes people with real knowledge to build and maintain a race car. polymers, hydo-carbons,

the view blocked by a tarp. the crew declined comment saying their contract forbids them from talking about the job. >>> mike can talk about the weather. his contract says he has to. 6:07. let's take a look at forecast. >> it says i do whatever they say, right. good morning. how are you on this tuesday. rain santa rosa, let's talk about how it going to be slightly warmer today. fremont 71, san francisco 66. oakland, san jose, santa rosa warmer. concord five degrees warmer than yesterday afternoon. area of low pressure spinning outgoing to hang out for the better part of today it is throwing a little more in the way of cloud cover this morning than during the afternoon i think we'll see sunshine faster today. low to mid 60s along the coast into san francisco, 64 half moon bay to 66 san francisco, upper 60s to low 70s north bay valleys to the bay shore, south bay, east bay valleys warmest with mid 70s. as far as pollen, the same as yesterday. high amounts of tree, grass and mold, ragweed low. much cooler tomorrow,

. >> the next one is tarp. if you have a tarp over a wood pile, make sure it is tot.taught, they will not breed there. >> treat. we cannot three weeks and we lay barriers on the property which takes care of mesquita centex. >> let us say they are not want to call the miskitos what -- miskitos god, what products can we use? >> most of the products you can find at the store. >> call us. >> the take-proofing your yard. -- tick-proofing your yard. >> back on bushes, things you do not need. clean it out. get off your property. spring cleaning. did not give them any place to live or stay. the next one would be to choose plants that deer do not like. certain plants der do not like. the more deer you have not in your yard, the less takes you will have. >> call the professionals' picks he called the professionals. we come out and we do that treatments and we kill adult ticks on contact as well as utilize it take to this for the wind and ticks. >> get rid of lyme disease. >> every year, 30,000 americans contract lyme disease and is horrible. we can do a couple of things around

auto industry that is the new assessment from the government watch dog from tarp.it worked, many small bangs are still struggling and that contradicts the claim the government will break even or come out on top. gerri is with her two cents from the fox business network. how much are taxpayers owed? >>gerri: $118.7 billion. $431 billion went to the entities and the estimate from the tarp report, they will lose $60 billion on this deal, that is the estimate. and then we get it back. >>shepard: who owes the most? >>gerri: a.i.g., they owe the most. we own 70 percent of that company. g.m. detroit automaker owes $27 billion. and allied financial owes $15 billion, the former gmac and today there was a report their mortgage arm will go intro bankruptcy. >>shepard: the fear has been a double dip recession and now the statistics show great britain has entered a doubling digit. >>gerri: exactly. the quarter g.d.p. report down .2 percent second quarter in a row with negative growth. the rest of europe could follow, and we could follow, we don't know but people are watching it

the inspector general for the tarp program says the bailout will cost taxpayers 60 billion dollars.to see what the fed has to say when it wraps up a two-day policy meeting. i'm jane king with the bloomberg business report. >>> pg&e customers who are willing to pay a little more each month can help the company generate more renewable energy. customers who choose the green option will pay on average $6 more a month. the money wouldn't buy electricity directly but would help pay for wind farm solar power plants and geothermal renewable energy accounts for 20%, that will rise to 33% by 2020. >>> an herb may be powerful weapon against prostate cancer. researchers studied the primary chemical in oregano. scientists aren't sure how it does this, previous research has shown eating pizza may cut the risk of developing some cancers mostly attributeed to lycopenes which you find in tomato sauce. >>> sticky situation for president obama while he was chatting with college students in colorado. >>> a young woman apologized after accidentally spilling yogurt on to the president's pants as he mingl

everybody said tarp got paid back. no, it didn't. here is what she said: conveniently.thner says i don't know. we have to digest this really slow. and then she going on: and now i tell you that because that fraud had a price and that was $60 billion out of your pocket, my pocket all of our pockets. they stole $60 billion from us! that's not a little fraud! that's a gigantic fraud. and here we have a guy making excuses. what can i do you know? wheels of justice were slow. they were greedy. then step aside, because you suck at your job. is that clear enough. let's bring in matt stoller fellow at the roosevelt institute. matt, tell me if you think he is dragging his heels. >> it's the policy of this administration and the last administration to preserve the capital structure of the banks. and in many cases these businesses are predator so they have to overlook systemic law breaking. >> you are saying their job, whether it's tim geithner or the obama administration, is to preserve this fraudulent infrastructure. why do you say that? one is -- i get it the proof is in the pu

. >> lightning wasn't the only thing and giants roll up the tarp and play ball. we're going live to at&t park for the home opener. all of that and lot more coming up at 4:00. brian back to you. >> brian: i should say giants won the home opener 5-0 5-0. [ cheers and applause ] >> now, if you suffer from phone yeah, you may wanted. clinical condition for the fear of friday the 13th which today happens to be. it's going to happen three times this year. there will be 13 weeks apart. we all know about black cats and walking under ladders. next time you fly, check the seats. planes have no row 13 and hotels no room 13 and some say u.s. economy loses $900 million because people don't want to do business on friday the 13th. so they are not superstition. we'll have more on monday including your opinions and reaction to the story. have a great weekend and stay dry. >>> and it picked me up and dropped me like a ton of bricks. >> a bay area man experiences the terrifying power of lightning, jolted by a bolt of lightning. he a lucky man to be sure. not many people walk away f

attempts that the confederates would attempt to board the monitor, wedge the turrent, and then use tarps to cover the pilot house and other openings and pour in chloroform. that somehow the union crew would all be put to sleep and the confederates would capture the ship that way, you know, figuring that nothing else could possibly go wrong with this particular scheme. but, of course, this never happens. the monitor and the merrimac never officially engage again. in fact, it's only fitting that, really, the end of the merrimac comes partially at the i instigation of abraham lincoln. lincoln had received all these letters asking him, cajoling him, and lincoln himself comes down to hampton roads on may 6 to survey the military situation, and he and secretary solomon p. chase and stanton will actually cruise around hampton roads and he's found a spot where the union army can land to capture norfolk. once norfolk is gone, the confederate ship is untenable. lincoln orders this attempt to be made. in fact, lincoln actually gets to see the merrimac come down the river to investigate some shellin

in the report the inspector general for the tarp program said 3% of the $7.6 billion available in hard hit states have been tapped as of december 31st. >>> if you're thinkings about buying an e burkes now is the time. amazon.com is cutting price. this comes as the department sued apple and other publishers for price fixing. >>> all right. let's get a lock at it. a bright, brielt afternoon after some clouds rolled in mid-afternoon. we did see a couple of showers on the radar earlier. 539 at the airport. northwest at 10. it is a chilly northwest wind. we've been dealing with this for couple of days. a freeze for western maryland a frost for central maryland. there are the clouds we had earlier kind of choring out. our view from the naval academy, ellicott city, looking spring like. in bel air, where i had a chance to do a grate school visit -- great school visit, a sunny scenario. then the clouds part. a beautiful view in the heart of harford county. i'll show you where the limited amount of rain has been. mainly from bel air east. some showers toward elkton if you're watching from cecil

on my feet, i still look over in the mission district, people huddled in doorways, sleeping under tarps, and these are human beings, u.s. citizens, and they need help. we should do more, we should add more money to the hospitality house, not cut it. and open up two or three more. people need help out there. i just want to plead for the homeless and people that need mental health. thank you. [applause] >> good evening. my name is peter gulotta, i am a resident of district 6. i am also a city hall fellow, working for the city of san francisco for the next year. i'm also a board member of the harvey milk lgbt democratic club. i am also here tonight because one of the issues affecting my community and many communities in san francisco is a loss of federal funding for hiv and aids services. under the ryan white act. so i am here to request that the city meet the needs of the those affected by the loss of this funding. i am hoping the city will back fill that funding. we know the facts. the rates of the hiv aids transmission is increasing, and has increased since the 1980's. we know folks rel

police found a gas can, tarps and a shovel in his car and found susan's cell phone. also kept a secret safe deposit box with a letter. her body has never been found. >> the search for a missing california teen has expanded. the 15-year-old walked away from her home on saturday and has been missing ever since. they went door to door handing out flyers. over the weekend clothes were found near a boat ramp. >>> beautiful day. >> a littleçó windy at times, gt the rain out. >> yeah. >>> we have a chilly night on the way. there will be frost to deal with. we're getting there. we're going to get there with these overnight freezes. let's take a look. sunshine on tap. look to the upper right of your screen. you see the flags whipping around. the wind at bwi is at 14 miles an hour gusting to 20 to 25. humidity is bone dry, 27%. it was all blue sky with a few clouds. sunshine dominated the day. our camera's shaking a little bit on the seven river. the winds begin to let up a little bit in the day. you see the trees shaking at towson. maryland's most powerful radar. this is clea

hours later, the vaa, coveeed by a rren tarp -- is hauled aaay by n-y-p-d investigators, who are hoping to get insight into this tragedy.weener says: "it affects all our units, it's something ww see daily and we get used to it and cam tag) a tough day for rescue workers, who were forced to cct the victims from their seatbelts.those victims died -- just blocks -- from their home, here in the bronx. the search continues in tucson, arizona for a missing believe surveillance video takennnear the girl's home mayy be ákeyá in theeinvestigation. 3isabel ceeis' parents say their daughter disappeaaed from their home after they put her to bed last friday night. so far one person has ccme forward who was seen n surveillance video, with four others early saturday morning. the video captured the group walking from a night club in a parking lot close to isabel's home. investigaaors are currently working 28 new leads, and asking for patience. this isn't csi tucson. where we are going to solve this in aahour. it is going to take us awhile. 3mexican law enforccment officials are also helping search for