baird.basically go through and look at what people recommend and who makes the most money for their clients and stu, what would you say accounted for you winning in terms of making the most money for your clients? >> well, thanks for asking. as an institutional broker keep in mind the clients that we're calling on our portfolio managers that are managing all of our retirement money, and it's our job to help them select stocks to help the performance of their funds, we have access to here at baird 40 senior analysts that help us recommend stocks. we get to travel with ceos of companies and hear the message up close and we have investment conferences throughout the year which allow us access to the ceos and cfos of these kms. last year at this time the market was at its bottom. baird had a conference in boston our business solutions conference where i was able to get access to information from ceos and cfos and it appeared very clear their confidence was much higher than was reflected in the p

>> congressman baird do you want to start?ld make one change in the united states congress, it would be this, ban all political fund-raising and provide matching public funds to anybody to exceed a limited number of signatures for could just think about to come to run in the competitive district, which i have done seven times you have to raise $2 million of the two years for good works out to $20,000 every single week and to go down to the republican headquarters in the democratic headquarters to see people who want to be setting policy. instead they are tied to telephones begging complete strangers sometimes to give the money and it's terrible inefficient return on your time and investment. it takes away your time and raises questions about whether not you are voting on principle or for financial reasons and doing away with that would set our foreign policy street, it would be the single best change but you have to amend the constitution to achieve it. >> first of all, i think it is a terrible decision and part of a terrible

baird?> if i could make one change would be this, and all political fund raising buy any individual, provide matching funds to anybody that exceeds a certain limit of signatures. you cannot imagine, just think about it to run in a competitive district which we have done seven times you have to raise $2 million every two years. it works out about $20,000 every single week and to go to the republican headquarters and democratic headquarters you see people who ought to be steady policy and instead they are tied to telephones baking complete strangers sometimes to give them money at it doubly and efficient return on the time investment. it corrupts -- it takes away time, raises questions about whether or not you're voting on principle or for financial reasons and doing away with that would do more to set the foreign policy street, fiscal policy straight and would be the single best exchange, you have to amend the constitution. >> by the way the supreme court first of all i think is a terrible de

yesterday, chairman baird talked about the increase in the number of problem banks. number of the banks are supple because of their real- estate positions. the fundamentals have been worsening and problems in financing are troubled. they are causing problems for a lot of things, especially small and medium-size banks. the fed has been a couple of things. we have issued with the other agency's guidance on commercial real-estate, which gives a number of ways of helping -- for example -- in shirting banks to give commercial real-estate loans and that commercial loan should not be marked down because the collateral value. we have also had a health program which has been trying to restart the commercial mortgage- backed securities market with limited success in quantities. we have brought down the spread. we are seeing a few rays of light in this area. it does remain a very difficult category of credit, particularly for the small banks. >> is a anything you suggested the congress get involved with now in anticipation of any problems that may occur? >> i do not have a spec

host: thank you, victor baird this morning another event is happening.duce see a live picture appeared to have a pool camera covering all the media. it has been traditional for the president to go and speak to this even. there are many members of the house and senate who are traditionally in the audience. there is also a controversy surrounding the breakfast this year. it is written about in a "the new york times." for more than 50 years the national prayer breakfast has served as a prime networking events, bringing togetherÑiÑi ti president, members of congress, foreign diplomats and thousands ofÑi religious and -- leaders fr prayer and supplication. a government watchdog group sent a letter to the president and congressional leaders urging them to skip the prayer breakfast and yesterday they sent a letter to us asking us not to televise it this year. the executive director of the ethics group says this is -- it is a combination of the intolerance of the organization's views and the secrecy. we really thought the answer to something that has questions i

five inches in baird, waco seeing 3.1. blandford, massachusetts, seeing a foot of snow. snowing heavily across parts of massachusetts and northern new england. rain is about to come to an end for parts of new york but winter storm watches have already been posted from new york city all the way down to d.c. then back up through northwestern new york. they kind of blanketed this. right now we are guessing 5 to 10 inches of wet snow from philly up to new york. could be more. could be less. more sure bet is 10 to 20 inches and maybe more than that across parts of northwestern new york. couple things coming together. this upper-level low spinning light snows across parts of chicago. that's going to combine with the energy coming out of texas, now spreading light snows across parts of the south. that will get into the atlantic ocean, tap some of the energy from the gulfstream and with cold air coming in behind it, we'll see this thing bomb out and just become an immense storm system. but so strong that it is going to really wrap in some warm air. it will start as rain in some