i'm alan rosenberg.u been to the doctor lately because you pulled something or because what used to hurt a little now hurts a lot? well, you're not alone. baby boomers are falling apart, but we can't stop exercising, right, because that's bad for us? and modern medicine can fix anything, right? well, maybe not. here's how one dedicated runner is dealing with the baffling contradictions. my name is john hobby. i'm an attorney in brooklyn, new york, and i'm 50 years old. (man laughs) how does that make you feel? ooold! growing up, i played lots of different sports. i played a lot of basketball. i played baseball and football. for the most part now, i run long distances, usually 2 or 3 times a week, i do some weight training 3 or 4 times a week, and whenever i can, i get out on my bicycle. when i can't get to working out, whether it be weight training, running; i feel bloated, i feel grumpy, and i feel like i'm missing something. there is a sort of broad cultural trend to feeling that you shouldn't be held

alan, thanks a lot. coming to us from inside that pharmacy. alan duke. jim, anne, as always, we appreciate it. coming up, the latest with casey anthony, in court today, and for once showing a little bit of emotion. actually wiping a tear from her eye. what brought her to tears? >>> welcome back. a major day in court for casey anthony, the mom accused of killing her little 2-year-old, caylee. here's casey showing a little bit of emotion for once as dad, george, took the stand. they haven't seen each other for three months now. jail taking its toll on casey. she looked pretty rough there. we're going to talk about that. we wonder also, where's her defense going? well, a clue today. her lawyers say they have significant evidence that little caylee's body was planted, moved to where little caylee's remains were found, weil casey was behind bars. we'll take your calls on it. 1-877-tell-hln's the number. joining us again, natisha lance, producer from the nancy grace show. also with us, pam bondi, florida state prosecutor. anne bremner back with us, defense att

alan: george w.h did george tenet the same honor, and this is a guy and said iraq was a slam dunk. it was promoted to go into the mid east, and those are terrible, i should say, a terrific mistakes. bill: desmond tutu has about 40 jews -- has it out for the jews. he said the jewish people -- that does not bother you? alan: yes, it does bother me as a jewish person. it bothers me as a human person. you can look into anyone's back rent. bill: but that does not go into tutu -- you can look into anyone's background. billie jean king, a tennis player. >> i say absolutely yes to billie jean king. i think thosis was a good choice. bill: just as an athlete? not as a gay athlete? >> i think when people look at billie jean king, they see a very effective tennis player and someone working against sexism. bill: again, the final one is m&a robinson. -- mary robinson. she left the job to become involved with the united nations, said some very controversial things after 9/11, that the united states was overreacting

alan, your thoughts. >> thank you. good morning, congressman.o suggest so far the senate finance committee bill is his bill. people are increasingly asking, do you really want to anger your base, abandon the public option just to get a few republican votes? is this really about the blue dog or does the president think he can get a bipartisan bill. >> first i don't think any of us know what is in the senate finance committee it b they have been saying for weeks they will reach some kind of consensus, conclusion to that process. we still haven't seen anything, bits and pieces leak out. until a finished product we don't know what we're dealing with, which is why the president continues to have hope there may be some bipartisan solution. but he's also said there's a limit to everyone's patience. you can't let the clock tick forever on the senate finance committee. that's why i'm sure they are exploring different possibilities. again, the president has been very clear bipartisan bill would like to be what he has. he's not going to allow the republica

somewhat bullish alan greenspan. and it does come at the end of a week when we see economic news. >> that's not the alan greenspan that we know. i think that's an optimistic portrait. you know, he was talking short term. i think the feeling is we've had the worst economy in the last year and a half since the great depression. it's going to bounce back. there there are lagging indicators but we will have a pretty good second half. but when you talk to smart investors, longer term there's a great fear that we're going to have what they call a new normal. that is, what is the underlying force to really propelle a robust 3%, 4%, 5%? >> and what we saw is consumers pocketing that. and it took this cash for clunkers, michelle, to gift people into buying cars. i was surprised that chairman greenspan seemed to have an endorsement of that, too. >> i was shocked, too. my jaw was on the floor. it was interesting listening to both tim geithner and alan greenspan. because i think outside of the beltway and outside of manhattan, t

alan godly says there's nothing wrong with what he did.o the gun owner himself and hear about why he brought that rifle to that meeting. >> i come from another state where open carry is legal, but no one does it. so the police don't really know about it and they harass people, arrest people falsely, and i think that people need to get out and do it more so they get kind of conditioned to it. >> alan, your reaction? is that an appropriate -- are you comfortable with what the gentleman did? >> i'd say not really. i'm all for carrying firearms but there's an appropriate time and place to do so. if i were at that rally, the only reason to have a firearm is for self-protection. >> of course, there's a choice. he would use also the same reasoning for his rifle, saying it was for self-defense, could he not? >> he could, but when you're in a group with a lot of street people, a lot of street theater, people would be intimidated by it and i don't think we sell our arguments very well when you intimidate people on the other side. so i would prefer t

if a doctor -- >> would you, alan? >> well right now, in every court of law that i practiced in, and i've tried medical malpractice cases regularly. if a doctor does not what they call, depart, from the standard of care, and the jury determines that, he or she is not responsible. so it's not about us lawyers not getting on board with that. >> there's one lawyer that says absolutely there will be no cap of medical malpractice suits when as we've been examining here on this broadcast, every country that we have examined, particularly in europe, where there is universal health care. where there is a national health care system. there's no -- there's no role for medical malpractice lawsuits in those countries. where there is, it's minimal. what's your reaction to that, gentlemen? >> i would say that is the one thing we can emulate from other countries. we can adopt the british system. there's very little to be desired in the national health service of the british system, but one thing they do right is something called lose

former fed chair alan greenspan. geithner and greenspan on "this week." then -- >> i have to say i'm fascinated with the fascination about this evening. >> that white house fearsome. did the conversation end the controversy. that and the rest of the politics on our "roundtable." bloomberg's al hunt. cynthia tucker and jerry sigh. >> and as always, "the sunday funnies." >> you know, a meeting got off to a rough start when a neighbor called the police and said gates was breaking into the white called the police and said gates was breaking into the white house. captions paid for by abc, inc. >>> hello again. the president's poll numbers may be wilting a bit in the summer heat, but each day this week brought those economic green chutes he's been counting on. monday, new home sales jumped the big of the increase in eight years. tuesday, home prices, their first increase in three years. wednesday, a surprising stepup in manufacturing activity. thursday, new jobless claims fall to the lowest 11 since january. and friday, the clearest sign yet at that recession m

i've got alan in florida on the money line. alan, you are concerned about your portfolio being weighed too heavily in one way versus a another. you're 41 years old, maybe a little conservative. what do you think? talk about your portfolio. >> caller: i began with municipal bonds. the diversification is 80% and then 10% bonds, 10% cash. my big concern is california. the ripple effect that it's going to have on other state and local municipal bonds at all. others across the u.s. have budgetary problems as well. what's the chance of it falling? i know it's growing daily. >> julie, so many callers and earmarks have said, you know, i thought these things were safe. and not necessarily especially after this recession. talk to us a little bit about what alan's looking for in ferm terms of the munis, and is it time for him to step out? >> it's proofrp over and over 90% of our performance is based on how we diversify. that includes munis. i have to sign off on that every day. it's not guaranteed. you have to diversify yourself outside o

>> i think it's much bigger than what alan is suggesting. it's about second amendment rights, i don't think it's about health care or any of the specific issues here. the future is coming, chris, and many people are scared of the future. this is one of those pivotal moments in our history when you can sense that something is happening, something is going to change, and many people get very frightened by that. some people can hire lobbyists to push back against that change. other people who don't have that capacity do things like carry guns around. alan is quite right, the only real reason to carry a loaded handgun or assault-style rifle anywhere, hunting, target practice, or you intend to kill someone in self-defense. now, they're not going hunting. they're not going for target practice. so who is it they think they might have to kill? they're holding up signs talking about the tree of liberty needing to be watered with the blood of tyrants and patriots. maybe that gives us a little hint there. >> what are the rules of engagement, mr. gottli

y el depuesto presidente zelaya continuna gira y pidió el apoyo de alan garcía.e es su "noticiero univisión." >>> que tal, buenas noches, a partir de mañana los que tengan

our guest is alan martin, president of george mason university. >> host: the president of george mason university of virginia is our guest on the communicators. and jill toro is here to participate in the questioning. gm used consistently described as one of the most wired universities and america. practically, what does that mean? >> guest: it has been involved in information technology. this begins by supporting the information technology community, also making sure we have plenty of technology on campus to support our students, faculty and staff. we take information technology very seriously. it probably doesn't hurt that i, as the president, and a computer scientist. we view these technologies for our students and faculty, like the council of old, you have got to have them, it is fascinating

why sir alan stanford was rushed to a hospital. a live report on the other side of the break. you are watching cnwc. we'll be right back. some people buy a car based on the deal they get.

alan: recognize by service and remembrance. that's exactly what this day is. that's exactly what's going to happen here. laura: alan, we appreciate it as always. the ad wars are heating up in the health care debate. frank luntz will tell us what's working and what is not. the obama administration is coming clean about the money. guess what? we're facing trillions more in debt. is this the change americans voted for? but i did. you need to talk to your doctor about aspirin. you need to be your own advocate. be sure to talk to your doctor before you begin an aspirin regimen. you take care of your kids, now it's time to take care of yourself. the average family wastes over $500 a year in food. don't throw away food, protect it in the freezer. ziploc freezer bags form a fresh shield, freezer burn stays out, freshness stays in. so your investment in dinner pays off every time. ziploc freezer bags. designed with you in mind. s.c. johnson. a family company. why is dick butkus here? i hired him to speak. a lot of fortune 500 companies use him. but-- i'm your only empl

alan: recognize by service and remembrance. that's exactly what this day is.that's exactly what's going to happen here. laura: alan, we appreciate it as always. the ad wars are heating up in the health care debate. frank luntz will tell us what's working and what is not. the obama administration is coming clean about the money. guess what? we're facing trillions more in debt. is this the bicycle, i've missed you. gathering dust, as pollen floats through the air. but with the strength of zyrtec ® , the fastest, 24-hour allergy relief, i promise not to wait as long to go for our ride. with zyrtec ® i can love the air ™ . laura: thanks for staying with us. i'm laura ingraham in tonight for bill o'reilly. in the personal story segment tonight, the health care debate has taken to the airwaves and groups are spending millions of dollars to make their case for or against obama care. the question is, which ads work and which ads fall flat: joining us from new york how the folks are reacting to the ads is pollster and fox news contributor dr. frank luntz. the author of

alan, why do we not start with you? >> let me start this differently, and what i would do is use the answer for the previous question and just reformat it. coordination is going better in government, right? we all know that. that is good. the problem we have is what if the people we are pitted against do not think like us? and what if they do not work like us? so what if they are doing things -- we have people, and are cooperating well. it is better than it used to be, right? but what if the guys we are approaching -- what i see is a weakness in this is this is a new kind of fight. here we are. we are talking about national security. we are dragging in state and commerce. these all have an important role in this, and this is where we are not thinking, one, how to coordinate that, and, two, how to drag them into the exercises we have done. the way we are attacked by our opponents may not be the kind of scenarios that we have used in the previous exercises, and so, one of the things we need to do is step back and say, "if

he came to washington and was a member of the federal reserve board under alan greenspan. he worked for awhile for george bush, and i think there really are two very simple answers. es simply a failure of imagination. a lot of people have likened th to 9/11 and it is a metaphor that makes me uncomftable beuse a lot lot of people died in 9/11 and this hasn't been that kind of event. there were pele who have said that the people who defendedur country did not think it possible that someone could commandeer freer for airplanes and fly them into the pentagon and the world trade center and so forth. this was a similar thing. it simply did not occur to people who were responsible for managing t financial system that so much of the financial system could be built on a single premise that turd out to be wrong, that housing prices across the united states w't fall. he might have flaws in one community of but it would not fall everywhere. turned up the ayn financial system that was the house of cards built on this flimsy foundation because houses for the collateral for mortgages tha

>> alan greenspan: credit default swaps have some serious problems. >> kroft: it appears to be the firsttep in a long process of restoring at least some of the regulations and safeguards that might have prevented, or at least mitigated, this disaster, after the damage has already been done. where do we go from here? >> goldschmid: we need the most dramatic rethinking of the regulatory scheme for financial markets since the new deal. if anything has demonstrated that imperative, it's the economy right now and the tragic circumstances we're in. >> kroft: how much danger is still out there, do you think? >> goldschmid: we don't know. part of the problem of the lack of transparency in these... in these markets has been we don't really know. i've had asthma forever. i've had asthma for 5 years. 10 years. i used to wonder why my controller medicine wouldn't help prevent... ...help prevent my symptoms from coming back. i just figured it couldn't get any better. and then i found out something i didn't know... i found out there are two main causes of asthma symptoms... ...airway constriction you

what former fed chief alan greenspan has to spay. >>> that sounds good, doesn't it? we'll hear a performance of newly discovered pieces by mozart. that's right, i said newly discovered, by mozart. so what do you think? i think i'll go with the basic package. good choice. only meineke lets you choose the brake service that's right for you. and save 50% on pads and shoes. meineke. >>> there are encouraging signs that the economic free fall has hit rock bottom. so how do you start climbing back up? treasury secretary timothy geithner says uncle sam might have to dig deeper into your pocket. >> recovery will not be strong and sustained unless we can convince the american people that we're going to have the will to bring the deficit down once the recovery is firmly established. >> so taxes aren't the only economic cloud lingering. millions of americans are worried about getting a job or keeping the one that they already have. poppy harlow is in new york with us. unemployment rates are on track to keep climbing, so this really doesn't feel like a recovery for a lot of peop

alan jenkins is the ceos of an opportunity agenda and former senior justice department official. alan where the nation's fixated on the economy and health care reform you told me you think there is fairly major changes, almost a quiet revolution in thousand we're approaching criminal justice. say a little bit more. >> absolutely, carlos. we're seeing under the radar huge changes in criminal justice at the state level so a state like texas, well-known for its harsh criminal of justice policies is now focusing on drug courts where somebody who would otherwise be convicted after crime go to prison and can actually undergo drug treatment and close supervision by a judge avoid incarceration. >> texas is doing more rehab and less imprisonment? >> exactly. >> again, these are laws that are almost 40 years old go back to former governor nelson rockefeller who was trying to get tough on drugs in the late '60s and early '70s, some thought mafg too far and ended up locking people up for extremely long periods of time? >> that's right. where it used to be toxic to roll back any kind of law e

alan: you have to be careful because you have a lawyer next to you. >> we are talking about hourly workers and if they are being paid by the hour and they work after hours this is real work, not the g.m. auto workers being paid for doing nothing. they should be compensated for the time they work. david: what do you think, steve? >> both are true. they are cry babies and the lawyers are right. however, i hope these lawyers will hire the workers after they also the jobs because the employers can't afford tell because of high wages. we are in a tight economy. so we all should cut back a little bit to make sure we get through. david: when we all have to chip in weekends or week days? >> i don't think there's anybody that doesn't. that way right now and i really object to the idea they are cry babies. the fact is they are working flat out and the fact is they really try hard and get up and go 20 to 30 years working as hard as they k. but it is an information age economy. you can be got to. you are competing around the world. we have an industrial structure. david: rich shall are had he cry babi

i looked at the title page, it said alan ball, hbo and i was on board.ys hope for something like this but you cannot imagine it. you do the show and you hope the pilot gets picked up. once it does, you hope to get a second season. the books that the show is based off of, these are really interesting and fun. i just had a feeling when you put alan ball without, he is such a great writer and he puts together a great team of writers, i thought that maybe we could do pretty well. greta: for the people that have not seen the show, what is a shape shifter? >> that is a good question. we are still kind of working that out but as far as we know so far, i am in shape shifter in the show and i can turn into a lot of different animals. i choose to turn into a dog because people are friendly to them. i cannot turn into a person or an inanimate object. basically, animals. i actually turned into something very big this year and something very small. greta: is the season fully done now? >> yes. we finished about a month ago. it takes us about seven or so months to shoo

is it a political statement or is it something else, alan?n, you just said -- >> you know what -- >> that's true but they did have it loaded, didn't they? at least one did have a loaded. >> second amendment is clear, gentlemen. the second amendment is interpreted by this supreme court is you have an individual right to bear arms. my question is this. you have a right to jump around on a pogo stick. you don't go to church on a pogo stick. there's a right place and a right time. we agree on that all three of us. >> thank you, ron and alan. >>> up next remembering robert novak who died today at the age of 78. we'll have some people -- there's on old picture and an early picture of bob novak. we will have a couple people like pat buchanan and eleanor clift who knew this guy when he got started only on "hardball" on msnbc. just a good paying job. that's why i like this clean energy idea. now that works for our whole family. for the kids, a better environment. for my wife, who commutes, no more gettin' jerked around on gas prices... and for me, wel

alan is sitting next to you, and virginia. they are part of the organizers here today. >> we got some very good ideas about from india about how to let people that are very, very poor use something called microcredits to design their own health care plans, using the internet and technology. >> i'm going to talk about mi o microcredits and the doctors with that. we're in a time crunch because the president is going to speak. i want to thank bob goldberg. go on twitter.com/don let mon c, if you have a question p or a question for our doctors. and also hands off my health care as well. we appreciate you sticking around with us. standing by to bring you live coverage of. our extensive coverage on health care continues this hour. we have ed henry standing by and also ali velshi is on the road in the cnn express. we'll find out what he is hearing bumping along from people all over the country. boss: so you've been doing a nice job out there helping people save money on car insurance. gecko: aw thank you, sir. boss: but i think there

from alan greenspan. cnbc from his assistant, quote, dr. bernanke has done an excellent job in extremely trying circumstances and has earned a new chairman. that came from the former fed chief alan greenspan. >>> while the economy has taken a toll on a number of companies, our next guest has some under the radar names firing on all cylinders, we used that term specifically because it isn't just cost cutting to profit growth, these are companies with top line. let's get straight to the names. who's got it going on the top? >> great to be with you, erin. last week, we saw great earnings from sales force.com and aeroposta aeropostale, both not only beat estimates handily but also produced strong top-line growth as well. it's been well documented in recent weeks that cost cutting has resulted in many companies beating earnings estimates but top-line growth has been a bit weak. so these thams last week that did well and three other names that have been appearing on our growth screens as well. so there have been a lts of good stories in terms of

and he was on the fomc committee when alan greenspan served, where was he? why did he open his mouth? >> all of that said, michael at the end of the day, does obama reappoint bernanke? >> i -- well, i'm not sure. thank god i'm not part of this administration. how do i know? >> you know! you have to. >> all right, how about -- >> what does it really? does it really matter? if they replace him, they'll replace him with summers who will destroy the dollar. >> it doesn't matter. how about if we just close down the whole institution. >> let's close the segment because we've got to go. >> all right. >> we're back, see you in a second. and "options action" 8:30 eastern. >>> a lot to watch for next week on cnbc. monday we'll see if the markets can keep the roll rolling. tuesday, watch for case-shiller's housing numbers and consumer confidence. wednesday, new home sales and durable goods, that is all for us tonight. have a great and safe weekend. now stay tuned for "options action" with melissa lee. that is coming up next. don't miss it. we'll see you next week. >>>

brain, it didn't actually occur and one of the stories this guy who wrote, stephen glass, was about alan greenspan and he told the story that a group of wall street executives had built a little shrine to greenspan with his image and flowers and candles and they would meet there and met heat front of him -- meditate in front of him. nobody noticed that was a phony @pÑ,Ñ they are to the country since we have had the fed when you compare the number of panics and crises it has doubled since that time so don't give me it is a wonderful stabilizer. that is a whole lot of propaganda. f.a. hayeck as saying the opposite with the committee would want to hear. they don't want to hear the whole central banking thing is a big racket that destabilizes rather than stabilizes so it is very significant that he wins at all because he is seeking the opposite of what they would like to hear. anybody can understand his argument. again with exception of certain recent nobel prize winners but anybody in this room, anybody watching on television can understand this and if you really want to understand what hap

. >> good morning, mark. >> i will start with alan. what do you think, onward and upward? too far too fast? what? >> we started increasing or equity exposure in the asset allocation funds in march. we're happy we did that. we do think the economy is bottoming in here and making what i would call a slow turn into the wind. i think it's the bears who will have to, i would expect testing through earnings season, but overall i think the momentum is still higher. >> david, your view? >> sure. the s&p has retraced about 30% of the bear market, so there's more room to go. the opportunity to still buy solid franchises at about six times cash flow, which works out to about 13 to 14 times earnings. the one concern i have is about a month ago, 54% of individual investors said they were bearish. that's a great contrarian indicator to suggest that temporary correction had reach a bottom. not only only about 31% of investors say they're bearish. that gives me less optimism that stocks may fight a headwind in here before it finds higher ground over t

y el depuesto presidente zelaya continuna gira y pidió el apoyo de alan garcía.e es su "noticiero univisión." >>> que tal, buenas noches, a partir de mañana los que tengan tarjeta de credito se pueden sentir más protegidos, y hay ciertas practicas que no tendrán ya vigencia, y nuestro corresponsal en miami tiene el informe. >>> se conoce la ley de fiscalización, busca mejorar las condiciones de la tarjeta de créditos, y algunas reglas entran en vigor ahora. >>> le tienen que dar una notificación al consumidor si van a subir los intereres, y que pueden cancelar si no están de acuerdo, y pueden pagar el balance con los terminos anteriores. >>> otro cambio inmediato es que los estados de cuentan tendrán que llegar 21 días antes de las penalidades. para maría la noticia es maravillosa. >>> casi todos los gast de comida o de servicios tengo que pagarlo con la tarjeta. >>> y eso no es todo, habrá más cambios. >>> cuando todos los cambios estén en vigor no se podrá aumentar la taza, aunque no va a existir un limite, pero me tienen que avisar con un periodo significativo

good to have you you on the program. >> my pleasure. >> what do you think, alan? do you agree the dollar is about to rally. >> i think it is forming a bottom. some of the european currencies, i don't think it's forming a bottom against some of the riskier currencies like the brazilian or the chinese yuan. against the euro, i think values like 1.47 or 1.50 are great opportunities to sell and buy dollars at that point. >> mike, do you agree with that. >> i certainly think we're going to see some strength in the dollar. just the story was mentioning the 3% dollar bulls does suggest we are in a very crowded trade at the moment. i think we're going to see the dollar consolidate for the next few weeks and looking at basically shorting the dollar against especially against eu currencies. >> maybe we see some dollar strength over the near term but back on the short side soon after? >> we've seen the dollar index bottom out in march, did again in june and then early august again and it's followed by perhaps three or four weeks of consolidation before the pressure comes dow

we also have alan valdez. pretty good penning home sales, alan, and i want to ask you at the very minimum, the whom housing sector has bottomed. don't you think that's a very optimistic sign? >> no question with b. it. the main problem that we got into this mess was the housing industry and you can see it's bottoming now. you can see a lot more confidence out there. i see it in my area. more people actually stepping up to buy houses. they're really taking an interest. and that's a good sign. we immediate that had sign. you saw construction spending yesterday. great sign. >> from your angle, what do you see here lending tree.com? what kind of mortgage demand, what kind of refi demand, howing demand? >> i think it's seasonal. between january and june of course you're going to see an improvement. between july and december, you're going to see those numbers come off. fourth quarter we're expecting into the significant decline, but certainly a decline. >> but it's been slow for five or six months. are you saying it

tema de la salida al mar provocó un deterioro en las relaciones entre perú y bolivia, el presidente alandente morales tiene una fijación ideologica y la proyecta sobre sus relaciones. >>> el gobierno boliviano pidió a garcía ser más respetuoso. la crisis entp perú y bolivia podría estar en la agenda en la unisur. >>> ya regresamos con más. @@ @ h@(la faycmgzka) @@@@sopla. (anunciante) la vida te puede cambiar en un soplido. la policia esta reforzando elelumplimiento h@ crímenes que parece no tener fin. >>> el estado fronterizo de chihuahua se convirtió en el más violento del país, y tán solo en agosto se cometieron 270 asesinatos, pero los estados de sinaloa y baja california reportan cifras escalofriantes. >>> sinaloa y chihuahua llegan a niveles que lo colocan a nivel de los países más inseguros del mundo. y en sinaloa la policía identificó a los cadáveres decapitados que aparecieron, este ambiente de violencia provocó la preocupación de los empresarios. la inseguridad no es aliada de las inversiones. >>> hay inversiones que se han detenido o que se han ido a las zonas en donde se tien

you said you interviewed alan greenspan? >> yes. >> so epileptically phrase the question. since you said he did not accept fall for anything that is going on right now? >> because basically the way want to frame this is housing prices are a function of two things, your salary and the interest rate and here is the guy the controls both of those things. so the fed meets and i'm sure everybody has heard on tv, they meet in they can bump up the industry point in the market reacts to that's of the control center straights that he gembara at and the money supply and i think he has been quoted as saying the credit default swaps actually decreased the risk to the market and he admitted-- >> alan greenspan has in the past years though said credit default swaps and those kinds of derivatives should have been regulated. they need to be regulated and he admitted in a theory heartfelt way i thought, before a house committee, that what he thought was kind of an unshakable truth, kind of rational self-interest would keep things in line, had been proven wrong, at least in that kind of con

he wasart of the fed -- alan greenspan's f, in spite of all this perience, ben bernanke soun like was slow to catch on, slow to undetand the magnitude of e potential prlem. >> i think at's right. i think bot ben bernanke at the fed and hank ulson at the treasury ud the word "conin" a lotn 2007, by which they meant they thoughtg was a prblem but they thought the damage woulde conined to housing and someow other parts the economy wouo well, after all oilrices were rising suggesting there was mand for oil so therwas growth somewhe and they didn't understa how much the house-price problem had infected the entire fnancial system. it really isn't uil late 2007, early 2008 when they realized the whole wod economy is infected, it's not contained at allo hoing. >> brown:he other person, loing back salan greenspan, lioniz for much of his rm and yet you look back and it looks lik he, and he has said so of this was kind of controlled by a mindset thatn thend didn't apply to what w happening. >> that's right, think alan greenspan probay got too much credit f the good times and too much blame for w

alan blinder, another princeton professor, a former fed vice chairman. there are alternatives out there, and i think mike has it exactly right, that if the president had to make a decision right now the upset to the markets of replacing bernanke would exceed any benefits. >> mike, i was reading this interesting story in the "f.t.," and it was talking about the fed and its role buying skurkts particularly mortgage-backed securities and how they don't drive that much of a competitive bargain, how much profits wall street has made off of trading with the fed this quarter. we certainly saw that in the earnings. does anyone care about this, or is anyone who would be offended by this understand it? >> well, think people do care. and we are in a situation with the fed doing and taking these extreme actions, you know, that it could lead to mischief down the road. so the next real challenge for the fed and for fed chairman bernanke will be the exit strategy. that's a challenge they want. they want us to be in a recovery, and they want to take that challenge on. w

so yeah, every day is something new. >> alan valdes and gordon charlop, always a pleasure to talk to you.u. thanks very much. of course they'll be on the floor and talking to us in the next couple days as well. 30 minutes to go before the closing bell. nasdaq and the dow they're just off their lows here. the weakness is in cyclicals as well as financials. melissa? >> the market hs a big run-up since early march. up next do stocks still have room to run or are the bulls running out of steam? we're going to discuss it when we come back. these days, when you have to spend, shopping online can help save. doing it with bank of america can help save a lot more. up to 20% cash back from over 300 online retailers with our add it up program. just sign up and use your bank of america debit or credit card when you shop online. it's one of the many ways we make saving money in tough times a whole lot easier. >>> first to welcome back avis budget group to the $1 billion market cap club. the stock is up a staggering 2,600% since the trough in the market on huge volume today, double the normal, 6.5

. >> alan alda: he was like p.t.ould bring the circus truck to town every time he got to talk to you. >> safer: don called actor alan alda his best friend. alda says that, even after hours, don talked constantly about work. >> alda: because it excited him so much that he was... i think he was still a boy who was amazed at his success. >> saferthgre y p boew uewin new rochelle, new york, 45 minutes from broadway. >> hewitt: i'm one of these kids who was kind of a creature of the movies. >> safer: 15 cents would buy him a saturday afternoon of cartoons, newsreels and melodramas. the movies got under his skin and stayed there. he once said to me that, when he goes to a western movie, he comes out walking bowlegged. ( laughter ) >> alda: he told us many times how, when he was in the war, he had seen so many war movies that when he was finally standing on the ship and the enemy planes were coming at him, he thought, "where's the music?" ( laughter ) ♪s >> safer: that's pure don. >> alda: yeah. >> safer: the movies gave hi

alan valdes, appreciate it. so back to you, melissa. >> all right. right now we've got about 30 minutes to go here before the close. the dow still trading down by triple digits. 140. commodities selling off today after a recent run-up, but is the pullback creating new buying opportunities? some answers when we come back. welcome to the now network. population: 49 million. right now 1.2 million people are on sprint mobile broadband. 31 are streaming a sales conference from the road. eight are wearing bathrobes. two... less. - 154 people are tracking shipments on a train. - ( train whistles ) 33 are im'ing on a ferry. and 1300 are secretly checking email... - on a vacation. - hmm? ( groans ) that's happening now. america's most dependable 3g network. bringing you the first and only wireless 4g network. sprint. the now network. deaf, hard of hearing and people with speech disabilities access www.sprintrelay.com. tdd#: 1-800-345-2550 i want everything right where i can find it. tdd#: 1-800-345-2550 anything that makes trading easier. tdd#: 1-800-345-2550

as alan said, the cnn producer, it's right below dr. klein's office. >> the suit was filed in 2007 and covered unpaid prescriptions over a two-year period. the matter was quickly resolved. >>> 35 years after their parents divorced, a brother and sister have been reunited. billy joe sellers used facebook to find his sister living in europe. she and two other siblings stayed with their mother while his father moved to texas. their only regret the reunion came four years after their mother died. >> it was like talking to my mom. >> i'm happy. it makes me sad he couldn't meet mom. that's the brother and sister right here. you don't need to look like each other. he's my brother. >> the long-lost siblings will spend nine days getting to know each other in houston. billy plans to take his family to belgium next year. >>> time for r&r for the first family. what is so special about the island playing hosts? dddddd >>> hurricane bill heads up the east coast. possible destination massachusetts. vacations across cape cod are likely to get sogg

. >>> habrá justicia contra quienes cometieron este crimen dijo alan representante de asuntos fronterizosmgs herma hermanas migrantes que san enes la frontera pero siempre hay excepción pero es importante que tengamos justicia en este caso. ( ♪ música) >>> así, con los acordes de su canción favorita, se recordó aro sas como un hombre que soñaba con ascender en su profesión enseñar a jugar béisbol a su hijo y bailar el vals de boda con su pequeña anhelos que fueron truncados en la defensa de su país. ( ♪ música ) >>> pues bien diferentes agencias han ofrecidos recono a recompen recompensas que sufren 60 dólares para alguien que tenga información sí tiene información llamen al fbi al número que ven en su pantalla. ( ♪ música ) >>> y para nuestro final de impacto, conde co rarn a un niño de 5 años que le salvó la vida a su mamá embarazada el pequeño héroe le rindieron homenaje en la departamento de policía de nueva york porque él llamó al servicio de emergencia cuando su madre se desmayó y siguió al

. >> la candidata presidencial, ha criticado duramente al presidente alan garcÍa tras los Últimos ataquesema del terrorismo en su campaÑa, recuerde que la corrupciÓn fue grave durante el gobierno de su padre. >> creo que es una persona joven, carismÁtica, pero me parece que le falta mucha experiencia y que estÁ un poco colgada de la obra de su padre, que fue una obra muy controversial. >> las elecciones presidenciales serÁn en el aÑo 2011, calentar motores los principales candidatos, dentro de los cuales hay dos mujeres. todo un cambio del espectro polÍtico. >> seguimos en amÉrica latina, presidente de venezuela dijo que las declaraciones del canciller israelÍ, son la presunta presencia del movimiento chiÍta en venezuela, prepararÍa un ataque contra este paÍs.tamil calificÓ al lÍder de ladrÓn y loco de extrema derecha, ademÁs ordenÓ el regreso a colombia de su embajador a quien habÍa retirado como protesta por los planes de bogotÁ de permitir estados unidos utilizar bases militares en el paÍs. los veteranos de guerra de honduras que expresaron su apoyo al gobierno interino de roberto mich

it was built by alan clanski. >> there is five bedrooms. the baths are all marble. finished lower level. professionally-landscaped gardens. >> reporter: the house raffle seemed appropriate in light of the recent foreclosures in recent months. >> it's across the board, across generations. we're making a special effort to address this foreclosure problem. >> they had a vision to help people from foreclosure. it's very timely. and i just felt like i wanted to be involved. >> reporter: the winner can keep the house or sell it back to the foundation. the drawing is set for september 1st. >> it's a way for the whole community to join the foundation and alan kl atsky in a joint effort to help people in our community. >> reporter: ron matz, wjz eyewitness news. >>> and wjz 13 is always on. for more information about that dream house haafle, go to -- raffle, go to wjz.com. >>> massive mudslide. floodwaters unleashed by a typhoon, create destruction in asia. >>> tour bus collision. rock band on board. >>> and dangerous heat across maryland today. we're updating your first war