a painting of mcintosh street in georgia painted in the 1940's by a man, frank stanley herring.aw this painting after i had written this next poem and after i talked to my grand mother and she mentioned this street to me. i didn't know it existed because by the time i was coming up the black business district was gone. and the past few years i think they erected a monument to it. nigger street. 1937. mcintosh street the sign reads like the apple. red but not red delicious red but like red on red eyes gravy on grit the and stop lights and green and yellow. and red like those powders and syrups kept behind the counter at blocks pharmacy. red. and red like the stripe on richard's barb bar pole and the stitches on button holes on over alls of those coming to down on saturday. solid red at the blue moon and red like the eyes of the late staying patrons on sunday mornings. and in church the red of the edge of white pages in a black bound bible coming together, closing. red as a congregation rises. [applause]. >> this references a lynching. the lynching of 2 couples in monroe, georgia

a painting of mcintosh street in georgia painted in the 1940's by a man, frank stanley herring. i

stanley. mike simpson frank wolf so the question is mark was losing his political mojo i don't think he ever had the mojo that a lot of the to boil had where's you know it's not going to be walker bush i think that republicans do not need to sign a piece of paper i should say conservatives do not need to sign a piece of paper to be told that cutting taxes that is a good thing or should be told that government needs enough revenue to satisfy its basic functions and services and you know there is a happy medium there would be a cheap so it's an ok thing a very good raise taxes a lot of times but i think what lap and said is right voters care about what their members of congress do not about pieces of paper that they signed george herbert walker last because he said he wasn't going to raise taxes and then he did and it was because grover norquist who most people outside the beltway have no idea who he is told them to vote against him it's because people know when someone tells you one thing it's what is the american people are smart enough to say you know what that's not somebody that i want to vot

tenants of president obama's political philosophy, i would like to go back to it stanley drum and his interaction of frank marshall davis to barack obama. how did that occur? >> striking. it took place in 1970. obama at that point would have been nine years old. the grandfather, stanley dump, is looking for a black male role model, father figure to mentor his grandson because the father, at that point, barack obama's father was out of the picture. of all people that he would pick , you or i if we were to pick a mentor for a son or grandson we might pick a boy scout troop leader or little league coach, football coach. i don't think we would take an actual liberal, and i mean liberal, no exaggeration, card-carrying member of communist party usa to grow pro-soviet cup propaganda and communist party publications. lou: clearly establish the relationship between young obama, how long that's relationship lasted? >> it lasted throughout the 1970's. obama countries for my father, talks about the parting advice that he got before leaving to go to college from frank marshall davis. and that, which obama quotes a

and frank avellino, for misleading investors. stanleychais made so much money from the scheme, a court- appointed trustee claims he must have known of the fraud. michael bienes and his wife dianne are selling their 16,000- square-foot home and have moved into a small apartment. did you have any warning that anything was amiss? >> as god is my only judge. on my mother's grave. not an inkling. may he strike me dead. >> smith: bienes has hired a lawyer, though no lawsuits have been filed. >> good morning, mr. sorkin. >> good morning, how are you? >> smith: his old attorney, ira sorkin, is now representing madoff. fairfield greenwich has seen multiple lawsuits filed. they range from gross negligence to fraud. in late december, planned year- end multi-million-dollar bonuses for jeffrey tucker, walter noel and andres piedrahita were cancelled. one more postscript: a few blocks from where madoff began his investment advisory business nearly 50 years ago, thierry de la villehuchet took his own life. >> thierry was a sailor, and he was a hunter.

introduced to it all i keep using with return of course the danger you know my morgan stanley russell thanks very now thanks frank so civil should be with us is a very chilly night mother's home and then we're into ok well i think they come by you know who is the editor in chief of a russian foreign news website and was also an observer for yesterday's election says these are russian democracy being born. one mistake that the foreign observers are making is that they are focusing too much in the clinton personally. and i think it's going to be more critical articles along the lines of. the victory of putin is the death of russian democracy or as i wrote some words just today the final nail in the coffin. what i've seen actually differs very much from the viewpoint of what i've seen was the actual first steps so to say that russian democracy you know i spent twenty dollars on nonstop at the station yesterday and you have to be alert and every single moment i only have to spend the whole.

. >> that said, will goldman and morgan stanley do better under romney? is dodd/frank the liaison?r depending on trading and mergers and acquisitions as the peddling of big acquisitions is a thing of the past maybe they can come back. i still can't pin the tail on obama. too much disparity within the sector. obama care was supposed to take the profit margin out of the drug stocks, right? merck and pfizer are unchanged. the run in gilead. i think it's better drugs and better management. consumer packaged goods, again, not the president, but execution determined performance. that's why colgate has ramped from $77 to $105. procter & gamble barely budged. you think the carbon bashing president would crush the oil and gas industry. but it's the oil managements themselves that seem to control the situation. that's how chesapeake could go from $37 to $18. continental resources soured from 23 to 22 by going all in oil. exxon, which has found little new oil and gas and dramatically paid for xto, a giant natural gas company has gone unchanged, while chevron moved from $87 to $109. again, the

frank financial reform law. bank of america, j.p. morgan, morgan stanley all up about two and a half%.lth care stocks up after romney recommitted to repealing obamacare. leading the sector of more than 3 percent, and the governor's support giving the sector a lift today. up nearly 8%. alpha natural resources, peabody, consol energy also appeared on the date. the market could have been just reacting to a recent economic news, the jobless benefits of 3,607,000 last week. lower than estimates. one day before tomorrow's september unemployment report. factory orders came in better than forecast, but still fell more than 5%, the biggest decline in more than three years the kind of world we live in now, that was actually better than what had been expected. retail chain stores reporting september sales above wall street expectations. oil up more than 4% on middle east supply concerns. crew selling at 9171. gasoline prices in california reaching record highs due to fuel shortages caused by a pipeline shutdown. well, excuse me one second year. forgive me. president obama hitting the campaign tra

tracy: you have dodd-frank coming, regulations for which you have to appear. >> morgan stanley is not cutting medicare, that is what happens with the fiscal cliff. liz: i think they took our comments from when citigroup led off people and said don't do that in december, we have to do it, and do it in november. >> he is a good guy. totally opposite, very rational, nice, smart guy. he does have a firm to run. and he has economic realities, giving you the economic realities of morgan stanley. i hear there could be cuts there as well. i don't think morgan stanley will go a deep as citigroup. i think they will do a little bit. we should also point out one other thing, covering 20 years overreacting for 20 years, they cut back and things got better and go crazy hiring so remember the pendulum of false both ways. liz: thank you. i am taking orders for chocolate. the holidays are coming up. >> how old are your kids? 11 and eight. liz: classic. the markets are not ballooning out. the s&p is coming back. the s&p ha has a little bit of green on your screen. much more ahead. gold, we are watching

for the year with a torn acl, the 49ers have also lost frank gore's backup kendall hunter with an ankle injury. (male announcer): now, here's stanley found people behaving badly. blog. this is not difficult to find these collection bins. they would believe that your donating things for charity. >> how are you are donating because that is what is on the box. and yes, they will word is used words like to donate but it says for profit. and the interesting thing is that they do not even know how they got here. this one and safeway has been here for a while. these are right outside of a rite aid have been out for four years. and this out of an auto repair shop showed up and the owner wanted to go away. this one behind here. >> nobody said anything, it just appeared. >> what do you do? providing that it is bolted to the ground >> these are being dropped off and if nobody complains they will stay put and there's nobody to turn to. and in fact i called every phone number and every one i got a recording to leave a message. with the exception of one it was a local nonprofit. >> community assistance for retarded and handicapped we've been aro

frank will impact their international operation. that's a summary from the meeting. afterwards we spoke with jpmorgan and ceo of morgan stanley, both of whom said the meeting was productive. back to you, guys. >> a lot of groundwork to be laid there on dodd-frank as they get ready to implement the financial regulations and jamie dimon has referred to it as dodd-frankenstein. >>> after starting the market lower on the major concerns, they are clawing their way back to positive territory, be almost. get this, the dow has been down at some point in the past six trading sessions and managed to close higher on five of those sessions. we're going to see if we can manage to slip past break even here in the final hour. down 30 points. we were down 11 a moment ago. we're starting to slip here down to 13,248. a decline of a quarter of a percent. nasdaq is up 4 points. s&p down 4, almost 5 points. right at 1400. we'll see if it can stay there at the close. maria? >> meanwhile, we are waiting for news out of earnings from visa, whole foods, and green mountain coffee. we'll bring that to you as soon as it's out. research in motion, the st

i don't know the answer, the way frank quattrone was wuchblts morgan stanley would say it's not true, but it does come up in a lot of conversations. >> i had heard anecdotally a lot of my friends in the smith barney network got the call saying, i know you didn't put in -- here's your 5,000, 25,000, confirmed that went went on. some chatter that you guys are way off the reservation, so it was very clear, it was like a 36-hour period where i think gorman and grimes recognized i know there will be over the tra transom order, but the way that nasdaq screwed it up, it was difficult for the flip to occur. there was a flip to be had, but you couldn't flip it. >> and that will come back time and again and simply say we'll never really know how it would have gone had it not been for the major screwups, and that perhaps stability has been found. so a very good pieces, tau you about how there's a diminishing return, go back to that quote, it's his throat to be choked. odd that in this would ever put themselves out in that way. this is a guy that's a successful investment banker. it wasn't really

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