fire dog lake points out that banks often give away vacant homes as a way to get some of the free positive press noguchi is happy to dole out but even more damning bank of america is obligated to give away vacant homes as part of the robo signing settlements a pay penalties to the government for fraud and the foreclosure process bank of america along with ally financial and other major banks are actually doing what they already do so the reality is this isn't charity and we've seen a good year before last month we looked at mainstream media outlets using sources without correctly attributing them. throughout his various appearances joe all about was called a small business owner but what they didn't tell you was that this man also happens to be a part of the national federation of independent business says it's a right wing pro corporate lobbying group there were also played seven the supreme court challenge to obamacare but in all these reports no mention of his lobbying ties and a good jury is one of the reporters that use joe all of our as a source without saying which lobbying firm he works for is this conflict of interest in the same vein we saw with david

together with bank of america, they have access to more resources than ever before. a steadfast commitment to help you achieve your financial goals in life. that's the power of the right advisor. that's merrill lynch. you walk into a conventional mattress store, it's really not about you.

it's gained business from companies like zynga, bank of america and autodesk. today jpmorgan also raised its price target to $45 from $40 with an overweight rating. that stock is at 34.50. i want to show you facebook right now because obviously with all that's been happening with facebook, this stock actually today everybody hitting an intraday low just before the start of this hour. let me show you really quick here the intraday chart of facebook. there you go. 18.10. so another rough day frankly for facebook. we've got team coverage of the impact from isaac from the rescue efforts to the financial

rob a country the thing that got the police called however was that he was protesting outside bank of americand an employee activated the panic alarm oh right well you know we're sort of panic button was a panic alarm bank of america and a ploy inside the bank saw somebody pointing out the fact that bank of america is stealing money so they have the words aren't perfect but it gets them actually max when we were pushing the panic button when we were saying there's fraud happening in the system there's manipulation happening in the system there's a fake bubble in the system we're pressing the panic button and here's what was told to the global you know panic button pushers this is a clip that somebody sent me from two thousand and seven bertie ahern he was the prime minister of ireland at the time here he is talking about the naysayers those pushing the panic button sitting on the sidelines or on the fence crippen a moment is a lost opportunity in fact i don't know how people who engage in dot don't commit suicide that's right that was the response at the time that the market fundamentalism th

cheryl: what do you mean with bank of america? bank of america has tried. >> credit card is doing pretty well, but they have essentially shut down the mortgage bank. look at wells fargo. they have gone from 20 to 30. that means they cannot earn money in that business. cheryl: t deep into a better position because of the west coast? is that a better thing for wells fargo? >> there are two things, confined to the u.s., the second thing is the money flooding in is good. it is good for the west coast. cheryl: i like that, thank you very much. the closing bell is going to ring, 52 minutes to go. how to avoid another bank bailout. says you cannot stuff the genie back in the bottle. but first, rich edson in tampa. >> getting ready, that crowd waiting for mitt romney about sue do his walk-through in tampa bay. he will walk you through what he's going to say tonight after the break. [ female announcer ] you want family dinner to be special. dad, we want pizza. you guys said tacos. [ female announcer ] it doesn't always work out that way. yo

it happened last friday morning at bank of america on connecticut avenue and then again this morning at an m&t bank on wisconsin avenue in georgetown. fox 5's paul wagner has the story. >> reporter: the fbi today released these images of a man in a white hazmat suit wearing a blue baseball cap using tools to cut through a wall in order to get to the automatic teller machine. it was around 2 a.m. when police got the call for an alarm at the bank. 12 hours later investigators were still processing the crime scene. at one point they called in the fire department to make sure the building was structurally sound. just last friday around the same time police found a similar crime scene at bank of america in the 2600 block of connecticut avenue northwest. in this video released by the fbi the man appears to be wearing the same suit with a mask and gloves and the hood pulled over his head. at 1 point standing on something to -- one point he was standing on something to get access to a fixture on the wall. >> these are brazen break-ins and to do it twice within one week in the district that's

bank of america and bank of montreal cited different reasons though. bank of america is worried about insiders being able to sell their stock after lock-up periods expire. bank of montreal instead is worried about slower growth. all of the five most actively traded e.t.f.'s were up, gains ranged between a half percent to 1%. and that's tonight's market focus. >> tom: the american economy may be inching along, but a slowdown overseas threatens to drag down the u.s. that's the worry of tonight's market monitor. alan lancz is the director of research at lanczglobal.com. always great to see you allan. would you be more optimistic if the federal reserve took additional action in september. >> i think there is a chance,the situation is that japan and germany had disappointing retail sales this week. in the u.s. the retail sales are good. industrial out put had to be adjusted downward. and when you combine that with the highest unemployment ever and the euro zone the fifth consecutive month germany which is supposed to be the grothe -- growth engine had higher

i'm not the case of bank of america and for the banks i covered the regulators were highly calm her mast the sand that people in the office of the comptroller of the currency and the said were trained in charlotte at bank of america and first union. and these banks have spent literally hundreds of millions of dollars to get glass-steagall root io and to get the latest regulation possible. what was it like washington mutual is in the regulators? >> so washington mutual's main regulator to longer exists actually. the office -- the ots, office of thrift supervision was formed after the savings and loan crisis and so of the banking regulators have really had this inferiority complex. it was much smaller. it didn't have as much power. and it wanted to be regulated more banks. and so that sort of need for power really colored how it was regulating the banks because it did really care so much what the banks were doing, just that it had allowed it ranking sites under its control and that also dig deeded its budget, right? said the ots was regulating both wamu and countrywide and a lot of other m

we have breaking news with adam shapiro on bank of america. head, adam. >> bank of america's wealth management arm will host a conference call with john paulson and financial advisors are telling "the wall street journal" also it will be through merrill and u.s. trust advisors on the call. now bank of america says it has no plans to ends its relationship with john paulson or withdraw from its funds. you recall last week, david, citi pulled 410 out of paulson's advantage plus fund which ended down, what was it over 50%, 2011. and the advantage fund is down roughly 36% this year. so having some trouble with the funds but again bank of america has no plans it says to end the relationship with them or the withdraw money. david: adam shapiro thank you very much. tracy. tracy: apple taking a one billion dollar bite out of samsung as a jury rules against the core reason company in korean dispute. one says apple may have a secret motive in choosing the opponent. malware is on the rise and new more creative threats are hitting computer users. how can yo

together with bank of america, they have access to more resources than ever before. a steadfast commitment to help you achieve your financial goals in life. that's the power of the right advisor. that's merrill lynch. i bought the car because of its efficiency. i bought the car because i could eliminate gas from my budget. i don't spend money on gasoline. it's been 4,000 miles since my last trip to the gas station. it's pretty great. i get a bunch of kids waving at me... giving me the thumbs up. it's always a gratifying experience. it makes me feel good about my car. i absolutely love my chevy volt. ♪ >>> hedge fund manager john paulson facing his investors today during a conference call with bank of america's wealth management group. the call comes just days after citi private bank said it's yanking over $400 million from paulson's fund. kate kelly is here with what to expect. is he trying to hang on to more money? >> absolutely. there's no secret that after enjoying some of the most impressive hedge fund returns of all time, john paulson has hit some tough spots. ri

the fruit guys has been with bank of america since they first started. we work with them to help them grow and succeed. we're coming up on 50 employees and delivering to thousands of companies every week. i would definitely say this is a fruitful business. >>> your safety compromised by something we found cbs 5 investigates the new problem with the troubled bay area police system. >>> san francisco's future archbishop arrested for d u i, tonight his apology and why his mom plans yourself. >>> bracing for isaac on upcoming anniversary of the train up the system in new orleans designed to keep the city safer. >>> oakland's public safety radio system has been plagued problems we have told you about that, we have uncovered what looks like a security breach with the system that cut not only police officers puts the more risk but the people of oakland allen martin with the story you only see on cbs 5. >>> we cannot tell me where this is for security reasons this property in east bay hills critical to the safety of oakland home to a ready transmission tower whe

the fruit guys has been with bank of america since they first started. ork with them to help them grow and succeed. we're coming up on 50 employees and delivering to thousands of companies every week. i would definitely say this is a fruitful business.

it looked good at the time. >> exa i know, in a kiefs bank of america some of the banks i covered that the regulators wer highly comprised in the sense that people from the officer comptroller the currency and fred were regulators they train in charlotte at bank of america and first union, and these bank spent literally hundreds of millions of dollars to get stegall repealed and get the lightest regulation possible. what was it like for washington >> washington mutual main regulator no longer exists actu the office ots, sorry, the office of supervision, the interesting thing about the ots was formed after the savings an loan crisis in the . >> '95. >> of the banking regulators it really had this infur yourty complex. it was smaller. it didn't have as much power. and it wanted to be regulating more banks. and so that sort of need for power really colored how it was regulating the banks. because it didn't really care so much what the banks were doing just that it had a lot of bankings a is ets under the control. and that also dictated the budget, right so the ots was regulating both coun

at bank of america, we're continuing to lend and invest in the people, businesses, and organizations that call the bay area home. whether it's helping a nonprofit provide safe, affordable housing within the city, supporting an organization that's helping kids find jobs and stay in school, or financing the expansion of a local company that's creating healthier workplaces, what's important to the people of the bay area is important to us. and we're proud to work with all those who are making our communities stronger. >> >>vicki: firefighters hope to have the ponderosa wild fire under control by monday. some of california's top firefighting officials toward the fire to see how they were gaining the upper hand. guard commander and an official of the emergency management association -- agency. >> this is a very smith a state wide. we have moved resources significantly all over the state. >> this lowry is piped directly into the airplane spin and a rise at the site and the minister did. >> this is a critical piece and the reason why it is critical right now is because we are beginning to g

when bank of america purchase country right, you will probably show me off because bank of america isne of your sponsors. host: we do not have sponsors. caller: of ok, great. they cut a deal that 80% of any of the losses with that purchase would be covered by treasury. that means this. i am sorry i get passionate about this. what that means is this. if i had a $1 million loan with countrywide, bacon america purchased that loan for $300,000. if if i fell behind on it, and it defaults. it is under water because it is only worth six $7,000, if you will. if i was foreclosed -- $600,000, if you will. if i was foreclosed on, bank of america bought it for a printer thousand dollars. if they sold it for $300,000, they would recognize a $700,000 loss, at which point treasury would cover 80% of that, which is $560,000, plus the three have a dozen dollars -- plus the three and a thousand dollars that this of the 4 pin = $860,000. not only that, if bank of america gave the house away, treasury would recognize and a say that it was a $1 million loss and pay the made hundred thousand dollars on an

is a bank break-in with an unusually dressed thief surveillance video shows him going into the bank of america in woodley park last friday. richard jordan, this might not be the first time a thief has hit a bank? chris? good evening. >> reporter: we're reporting live from the washington field office of the fbi, where today they gave us they two wanted posters, because the fbi wants your help to catch a thief. this bank surveillance video captures a break-in, but the burglar remains at large, wearing a white protective suit, black mask and glove to leave behind no fingerprints, he stood just a few feet from the back of the atm. the break-in began next door to the bank of america in the 2600 block. in a vacant store. once inside that adjoining property, they have the time to break through the wall that is commonly shared with the bank. >> reporter: the fbi is asking the public to report any suspicious activity. but when we showed the video to people on connecticut avenue today, they want everything about the break-in looks suspicious. >> never seen a suit like that before, except make in outer s

the dnc has worked with bank of america for years, but is said to be making the switch as part of an effort to reduce ties to wall street. president obama is re-election campaign continues to use bank of america and the firm is helping cover the costs of hosting the democratic-to convention in charlotte next month. janitors in houston have ended the more than a month-long strike with an agreement on a new labor contract to increase their pay. the strike began in july after workers making $8.35 an hour said they faced harassment and intimidation when it rejected an offer that would have raised their pay by just 50 cents an hour over five years. the service employees international union says the janitors have ratified a new contract that will raise their hourly wages by $1 over four years. nine nobel peace prize laureates are voicing opposition to nbc possibly military themed reality tv show "stars earn stripes'" sing it glorifies war and violence. the program, which was advertised during the olympics and premiered monday, has a cast list ranging from sarah palin's has been to olympic s

we got citi, goldy, and we got bank of america. wow. we got a lot of banks there.hree not even crazy about. what do we do? we'll keep, wow. ooh. you know what? i got these two. i got an ace in mcdonald. i'm throwing the whole hand back. okay? the whole hand. you're going to by jp morgan because it has the good yield. i think it's cheaper than all these. because of that whale over in london. we're going to buy bristol meyers because it's come down to 4% plus yield. then what we need, a little yield going. power. i want to make those trades now. let's go to nick. in my home state of new jersey. nick? >> how are you jim? >> real good. i'll be at the shore this weekend. you coming to the shore with me? >> yeah. i'm actually at the shore right now on my cell phone. let me give you my stocks. i know you're a busy man. >> i got all the time in the world man. i thought we'd have a miller 64 or something. >> i want you to get some sleep tonight. i got cirrus logic. crus. i bought that because i got, had apple so i know they made the iphones for apple. >> yeah. they make the

against julian a songe in december two thousand and ten visa master card pay pal western union and bank of america in issue did a banking blockade against wiki leaks this means that anybody at that wants to support we could leaks or make a donation to wiki leaks through those avenues those companies would not allow for a donation to go through because of that wiki leaks how to suspend their activity to deal with this bank the so-called banking blockade now many have question why why would these a mastercard bank of america western union pay pal go to this extent why would apple remove wiki leaks you know application off of the i phone and many come to the conclusion that it is because they are trying to take a stand against wiki leaks and don't want their own secrets revealed many to believe that a lot of us senators influenced these major banking corporations and powerful and for corporations to take the offensive against wiki leaks and julian assange now do you take an offensive against somebody that is that has doesn't have any information that could hurt you clearly this is this is a fight tha

of course, president obama will accept the democratic nomination next month at bank of america stadiumarlotte, north carolina, where the bank is headquartered. $2 million of your taxpayer dollars spent on an internship program at the agriculture department that resulted in the hiring of one full-time intern. one. they focus on the effort to improve information technology security. the audit finds the system is at risk because the project is poorly managed. $3 million was spent on hardware never used. almost a quarter of a million dollars went to a project that was later canceled. billionaire investor george soros getting married again. he announced his engagement to his 40-year-old girlfriend. his third marriage. her second. last year, his former girlfriend, brazilian soap star filed a lawsuit alleging soros reneged on a promise to buy her an apartment. soros tried to get the lawsuit dismissed. upon hearing news of the engagement, her lawyer said i wish him the best of luck. now that he doesn't need the apartment, hopefully the case can be resolved. >>> our top story at bottom of the h

and we've had a good time with mike fields, the president of bank of america florida. thank you very much for being here. >> thank you very much. >> you've been a loyal attendee. >> i'm delighted to be here joined by my bank of america teammates. you will see on your seats we have been blessed with a copy every day. thank you sir. we're also blessed today to have the president of the university of south florida. thank you. [cheers and applause] my teammates and i are just so, so happy to be a part of this mike. we're so happy to be part of the fabric of the great tampa bay area in the state of florida. very, very important to us. you'll notice an ad here on the seats is our latest report. we're very, very appreciative and we look forward to another great day. >> thank you for good times and great conversation. mike fields. and sherman, come on out. we're going to pre-game here quickly with jake sherman, young man. jacob, little bit of a big night. how is kid rock? >> lovely. made a couple of obama-romney jokes so definitely a political guy. pretty crowded. we saw some m

we have four new directors coming on to the board of bank of america. simon? >> thank you very much. >>> quite a lot to get through. let's return to where we started the show with the news of facebook on the west coast. kenny pulcari is with me. you're not a fan of facebook but equally not as critical of peter thiel selling snout. >> he made his investment. he watches it to fruition and decided to move on. i don't care that he's on the board of director. clearly made an investment and as far as i'm concerned it is what it is. >> the point that jim is making if he feels he's made the investment and now is it time to move on, sell the stock -- >> right. >> he shouldn't be on the board. >> maybe that's the next step. in the next couple of days you might hear that, in fact. right? >> now down triple digits. loss of 100 points. given how dovish the fed was in the statement to come out with yesterday you might have expected more. is the fed irrelevant to the market now? >> investors are exhausted. listening to the jawboning for months. rallied the market ahead of tha

currency and the federal regulators when they were trained, they were trained in charlotte at bank of america first union. and these banks have spent it really hundreds of millions of dollars to get glass-steagall repealed and to get the latest regulation possible. but with select for washington mutual in the regulators? >> so washington mutual's main regulator no longer exists actually. the office -- the ots, the opposite for supervision. now the interesting thing about the ots as it was formed after the savings and loan crisis. and so of the banking regulators, they really had this inferiority complex. it was much smaller. it didn't have as much power. and it wanted to be regulating more banks. and so that's sort of need for power really colored how it was regulating the bank because it didn't really care so much with the banks were doing, just that it had a lot of tanking assets under control and that also dictated its budget, right? so the ots was regulating both wamu and countrywide and a lot of these other mortgage lenders. and so, you thought that there was very lax regulation obvious

together with bank of america, they have access to more resources than ever before. steadfast commitment to help you achieve your financial goals in life. that's the power of the right advisor. that's merrill lynch. chances are, you're not made of money, so don't overpay for motorcycle insurance. geico, see how much you could save. >>> time to analyze. i'm here with ed ponzi. good to see you again, ed. >> good to be here, sue. >> citi commenting on potential losses of hurricane isaac stating, quote, isaac dominate it is headlines and unlikely to be a capital event. the firm also noting that the personal line writers like allstate and travelers could see primary impact and let's look at the stocks right now. allstate up half a percent. fractional up for travelers. what do you think? >> both of the stocks hit multiyear highs last week and very good news that the damage estimates are coming down. those stocks are probably going to be going up again. they have come down just a little bit on the news. i would buy both. i think they're good stocks for long haul and of cours

to boost london whale trade valuations according to the wall street journal by his boss while bank of america is in the thick of the live work progress even subpoenas for information from investigators over how the bank set live also r.b.s. has dismissed four employees for reportedly trying to rig lie board and set aside three hundred ten million pounds to deal with the bank's misdeeds so given all of this just a litany day after day of bad deeds by banks should average folks get out of the ring to casino and where can they go let's talk to michael krieger principal of krieger asset management let's get to today's capital account. by now dear viewers you probably already know the nuts and bolts of the u.s. jobs report from the b.l.s. for july they came out today i mentioned the headline numbers at the top of the show what i'm more interested in is the choose your own adventure story they lend themselves to this is a good jobs report just listen to the treasury market is acknowledging the market certain knowledge that these numbers are a bit better than expected and that's a good thing for the

the fruit guys has been with bank of america since they first started. we work with them to help them grow and succeed. we're coming up on 50 employees and delivering to thousands of companies every week. i would definitely say this is a fruitful business. >>> in livermore 82. a blanket of low clouds and patchy fog in the city of san francisco an overnight and gather at the coast. overnight in the mid and low 50s. with layers of clause we should see overcast with morning commute. an upper level of low pressure financing, will have airport delays at sfo in the morning. griego with '50s and '60s and coastal clearing, '80s to morgan hill and gilroy. otherwise 65 san francisco. 75 san rafael. ,,,,,,,,,,,,,,,,,,,,,, >>> giants and dodgers face of nine more times. pablos sandoval cut just enough. here comes the throat. 2-0 san francisco. the giants went 2-1 and take at game lead in the west. eighth inning, petaluma is danny marcel with the walk off home run. a's face-off against the minnesota twins. world's best kept secret is uncovered jeff kent starts of the

at bank of america, we're continuing to lend and invest in the people, businesses, and organizationshat call the bay area home. whether it's helping a nonprofit provide safe, affordable housing within the city, supporting an organization that's helping kids find jobs and stay in school, or financing the expansion of a local company that's creating healthier workplaces, what's important to the people of the bay area is important to us. and we're proud to work with all those who are making our communities stronger. >> the bridge will slowly rise above the support structure in for the first time be held in place by the suspension cables. >> this is 35,200 t of steel. it is by far the largest thing we have ever done. >> it is like lifting five a eiffel towers at one time. expected his band to be open on labor day weekend. >> work on another bay area bridge is fast approaching. the dumbarton will close liberty weekend. rob fladeboe brings us up- to-date on the work being done. some >> the assignment will be completed in early 2013. the bridge will be slightly higher but a lot stronger. sp

at bank of america, we're continuing to lend and invest in the people, businesses, and organizations that call the bay area home. whether it's helping a nonprofit provide safe, affordable housing within the city, supporting an organization that's helping kids find jobs and stay in school, or financing the expansion of a local company that's creating healthier workplaces, what's important to the people of the bay area is important to us. and we're proud to work with all those who are making our communities stronger. >>> the giants are red-red-hot right now! the giants take their fifth straight win. angel pagan, red-hot, drives one to deep right. gregor blanco scores: pagan 4-5 since cabrera's suspension. scutaro with two hits tonight. and buster posey, he did you believes down the left field -- doubles down the left field line. dodgers beat the marlins. and they're not standing pat, they're on the verge of signing red sox slugger adrian gonzalez who's one of the best hitters in the game. since the dodgers have turned into the yankees west, they'll have no problem picking up the $126 m

with ahead at bank of america, we're continuing to lend and invest in the people, businesses, and organizations that call the bay area home. whether it's helping a nonprofit provide safe, affordable housing within the city, supporting an organization that's helping kids find jobs and stay in school, or financing the expansion of a local company that's creating healthier workplaces, what's important to the people of the bay area is important to us. and we're proud to work with all those who are making our communities stronger. >>stanley: not paid attention to a woman and addresses. she is grabbing teach bottled and placing them in her bag. she is participating in a nationwide on is the use them as easy as people will do the right thing if no one is watching to. it's the cost for each is $1. this out of 114 people who grabbed 80 only seventh cheated the system. the test was set up at howard in fremont and san francisco theater workers watched from a distance and accounted who was honest and who was not. this guy grabs a bottle without paying. what surprised me was that 94 percent of the people th

. -- when she could not get to the hosp at bank of america, ca're continuing to lend and invest in thens that call greater washington home. whether it's funding an organization that provides new citizens with job training, working with an anacostia school that promotes academic excellence or supporting an organization that serves 5,000 meals a day across d.c., what's important to the people of greater washington is important to us, and we're proud to work with all those who are making our communities stronger. >> this is the last weekend of summer vacation for kids in montgomery county. still stop -- school starts on monday. some parents and their kids and attended a back-to-school fair in rockville. some familiar faces from abc 7 were on hand. one mother reran into says she named her her daughter after cynne simpson. aww. she tweeted a photo of the bill. >> the weather not so great tomorrow. temperatures in the lower 80's. upper 80's on monday with a chance of showers. we are not tracking tropical storm is it. by this time tomorrow, it will be a hurricane. >> we will have the latest o

played a role in saving knight. >>> knight capital stock up a third of a percent in frankfurt. >>> bank of america is hosting a conference call today with hedge fund manner jon paulson. it comes days after citigroup stopped investing that could thread a move of $400 million. bank of america says it has no plans to end its relationship with paulson. >>> and astrazeneca tapped ceo of pharma roche. caroline is in zurich with more on this. genentech, as well. i'm wondering how much this sort of the m and a and the biotech experience, what astrazeneca is more interested in. >> reporter: that may be the way forward. we got a taste what may be in store for astrazeneca when the chairman made comments. he said we'll do what it takes to get the company back on track which may involve further cost cuts but said we'll be looking at acquisitions, of course only if they make sense financially speaking and the new ceo was the head of the unit for two years. at that unit he oversaw the integration of genentech but also oversaw a massive cost-cutting drive and again analysts believe he's the right man for the job