other people knew and he's going to turn on them. >> sounds like it. >> bernard madoff would never turn on anybody. he went to prison saying he acted alone. now we're hearing from this guy who's going to sing like a canary. this is more of a turning point than madoff getting busted was. >> he now faces on these ten charges up to 125 years in prison and the judge has made the comment in court that if he should comply with the u.s. government and if the government should send him a letter, that is send the judge a letter requesting a shortened sentence, the judge is saying he will take that into account. he's not saying it's going to make an absolute difference but he will consider it. did i pascally, the more helpful he is, the sound of things here since he's facing 125 years, the more helpful he can be, perhaps the less his sentence will be. >> we've got mary thompson inside this hearing that rebecca is describing. we're going to get her on the air. i want to hear everything she has to say how did i pascally acted. i want all the details. this is the moment we've been waiting for when i

bernard madoff's number two admits in court he knew all along investors were losing billions. >>> charged up h new makes electric cars about to hit the market. ismaker's automotive love affair about to change? >>> good morning, thanks for getting up with us on this wednesday. democratic lawmakers face another day of jeers and taunts at het care town hauls. >> one hosted his over the phone rather than face a rowdy crowd, others are hiring extra skurlt. >> so far crowds showing up to see president obama have been calm but haes two more major event this is week. emily smid is tracking the story from washington. >> good morning and more than a thousand pages in health care plan but town hall meeting had a whole new chapter. the debate is loud, passions are clear. >> you don't trust me? >> a it wit town hall meetings, leading to hurt feelings. >> i don't understand this rudeness. i don't get it. i honestly don't get hist do you think you're persuading people when you shout out like that? >> democrats trying to explain the push for health care overhaul are getting push back from pennsylvania --

longer it plans to maintain some of the special programs it started to revive the economy. >>> bernard madoff could have company in prison. his former chief financial officer frank di pass cally is expected to plead guilty tomorrow after striking a deal with prosecutors. another madoff insiders may soon be charged, as well. he has probably been naming names and expect more indictments to follow. >>> general motors and ebay are teaming up to help some dealerships do business online. most gm dealers in california are taking part in the trial program beginning tomorrow. customers can browse, ask question, figure out financing and negotiate prices all there on ebay. if the trial is successful, the companies plan to roll it out nationwide. >>> "g.i. jo stormed the weekend box office. "g.i. joe: the rise of cobra" debuted in the top spot taking in more than $356 million. it is the latest toy turned into box office hit following in the footsteps of "transformers." "julie & julia" opened a solid number two and "g-force" finished third. >>> of course, you can get the latest business news any time on o

share a better life. >>> ponzi schemer bernard madoff's long-time deputy confessed today he knew whathey were doing all along, and helped madoff defraud investors out of billions. he told the judge there were others that knew, as well, and he will name names. fran dipascali pleaded guilty today. and our chief investigative correspondent brian ross is here. >> reporter: charlie, dipascali was madoff's right hand man and his guilty plea today says the fbi will have someone on the inside that will provide the details that madoff refused to divulge. >> reporter: been an investment firm that claimed $65 billion in investments, frankdy pal cally was an odd choice as madoff's right hand man. but what he admitted in court today that he did have was a criminal mind. in pleading guilty to the ten felony counts, dipascali described his role in carrying out the ponzi scheme for two decades. he said all the transactions he recorded were fake. quote, it was all fictitious. it was wrong, and i knew it at the time. >> i believe that frank knew as much as bernie did. as time went on, i noticed that th

bernard madoff's mistress comes clean. but will 20 years of pillow talk dig up any more dirt on his multimillion-dollar ponzi scheme? and the new bull market took a breather for the day and the week but pullbacks are healthy. and today's numbers show rising production with zero inflation, real wages going up along with producti productivity and profits. i am sticking with the new bull market story. fasten your seat belts. "the kudlow report" begins right now. >>> good evening, everyone. i'm larry kudlow. welcome back to "the kudlow report" where we believe free market capitalism is the best path to prosperity. well, it ain't exactly free market capitalism to me, that is the threatened government takeover of health care, but president obama was out and about. in montana today trying to make the sale. nbc's steve handelsman has the full report. hello, steve. >> reporter: larry, thanks. democrats, his democrats, have been taking a drubbing but president obama's aides say no democrat does a better job selling health care refor

saying that he's not sure that the bail conditions that have been set down for the former cfo of bernard madoff securities are strict enough. he considers him a flight risk. the hearing has been going on for about two hours or so. during that time, he said he knew what was happening since the 1980s and beyond was criminal but he did it any ways, helping madoff and others commit this massive fraud that he called a catastrophe. he admitted or i should say pled guilty to ten counts that were brought against him by the u.s. attorney's office, including wire and mail fraud, perjury as well as the evasion of federal income taxes. during his statement, he described how he falsified documents, gave false information to the thousands of madoff victims and also how he lied to the s.e.c. in 2006 under the direction of mr. madoff. at the end of his statement, he said "i don't know how an 18-year-old kid who was looking for a job out of college came to this." he of course joined mr. madoff's firm back in the 1970s, worked by his side for 30 years and is cooperating with the government to help them unravel t

in federal court yesterday, bernard madoff's number two pleaded guilty to help carrying out the biggest fraud ever. he pled charges to 10 charges and was denied bail before sentencing. the red hot cash for clunkers program. despite the recent $2 billion refueling from the government, industry analyst seized consumer interest dying down. finally, critics team in dubai was craving curry in london tuesday. what do they do? call for delivery, of course. the cost, more than $7,000. guess they're not worried about saving. blackmail in college basketball, tiger gets away from mouthing off, and a fan makes a great grab in milwaukee. plus, red sox and tigers blow off steam the old-fashioned way in fenway park. >>> the top weather story will be thunderstorms this afternoon down in the southeast. the rest of the country looking at a typical summer day. your regional forecast is coming up. you're watching "early t >>> good morning. if you're just waking up this is "early today" n. sports, at one point last night's baseball game between the red sox and the detroit tigers looked more like a friday ni

jessica doyle is back with more controversy surrounding bernard madoff. favorite scam artist. >> this never goes away. these stories. >> the latest is there is a defrauded investor claiming she had an affair with bernard madoff and now she says she is planning to send him a copy of a book about their allege relationship. he is serving a 150 year sentence for running a ponzi scheme. cheryl winesteen says th madoff pursued her from the moment they met. she says it is a way to replenish the money her family lost to madoff. >>> a the fdic will reveal today how much cash it has left following 81 bank failures this year. one thinks the fund could go negative at some point. that hasn't happened since the ' 90s during the savings and loan crisis but bank customers don't have to worry about this. is time time for thy-e nemothe ng tip of the day. you don't have to buy black and color ink cartridges instead get them refilled at office supply stores and drugstores. it is $10 for a blcak dgacrirte and 15 r fodollars for for more tips eccolor. for more tips check out m

. >>> bernard madoff's reported man pleaded guilty to conspiracy, security fraud and other charges. he appeared in federal court in new york yesterday. madoff customers describe him as the man they dealt with. he worked secretly with the fbi for months. despite his plea bargain, he faces up to 125 years in prison. >> british police are on the hunt for two armed rob who are got away with $65 million in loot from a high-end london jewelry store. newly released video shows the climax from last week's robbery as thieves fled, guns blazing. a security camera inside the store shows the two well-dressed thieves entering. they escaped with dozens of rings, bracelets, earrings, necklaces and watches. luckily no one was hurt. >>> on the money watch, stock markets in asia retreated this morning. claire leka is here with details. >> good morning to you, michelle. the nikkei slumped nearly 1.5%. hong kong stocks slid 3%. wall street starts with its biggest loss in five weeks as investors worry that the markets' steep gains in the past month could unravel if the economy doesn't show more signs of

. >>> new controversy concerning convicted ponzi schemer bernard madoff.oes he have cancer as the new york post and "washington post" are reporting or is the he in good health. the new york post says that madoff has been telling other inmates he does does not have long to live. madoff was sentenced to 150 years behind bars. >>> still to come on 9 news now, the cash for clunkers program was a big hit. now there's a new program in the works to get new energy efficient appliances in to homes across the country. and kim has our forecast. >> good afternoon, j.c. i will let you know how long the beautiful weather will stick around and i'm keeping an eye on the tropics. show you the allergy update. so far the main things we have been dealing with mold and also some of the weeds are in the moderate category. ragweed is one of them. back on the other side of the brk. u are e watching 9 news now. g >>>ic get ready for another tax incentive from the federal government. this is for big appliances. it is all part of the economic stimulus plan. the government will offe

. >> paul: bernard madoff's rht handan is coorating with prosecutors and fra says madoff wasn't ale in commting his crime. the former cfo at mado's firm pleaded guilty to 10 criminal counts today incding conspiracy, securities fraud and falsifying records. he was denied bail andrdered to jail. he says th others helped madoff carry outhe $ billion ponzi scheme. he didn't say whthe others ar he faces up to125 years in prison. madoff is sving 150-year sentence for masteining one of the rgestinvestment swindles ever. >> sie: c.i.t. group waved a red flag today, ying there's ubt about whether it can sta in business. the problems: credit-mket stressoperating losses, and credit-rating downgrades the century-olcommercial lender dayed filing its quarterly report with the e.c. toy, saying it needs more time to worout a restructuring plan with bondholders. if that plan falls throu and it can't get other financi, c.i.t. cld be forced into bankptcy. pa. >> paul: susie, cishares were amonthe big board's big movers. we'll sethem in just a moment as we take a look at ourtocks in the news tonight. >> r

in real estate about to hit the market, all belonging to convicted mast -- ponzi master mind bernard madoff, including that beach house on long island and a french getaway. his palm beach retreat and the victims get all the proceeds.  >>> got milk? a new study shows seven in ten kids aren't getting enough vitamin d and it could lead to serious health risks. that's one of the big health headlines we are working tonight. laura evans has those. >> the problem is more kids are staying indoors, glued to the tv or video games and doctors say the answer is more sun or a change of diet. a vitamin d deficiency can lead to diabetes, bone problems and heart disease. foods like milk, salmon and sardines are rich in vitamin d but the biggest source is the sun. some doctors suggest going out for a few minutes without sun screen but parents have to walk a fine line when it comes to sun exposure. >> no one wants skin cancer but no one wants crumbling bone either. so that we try, and it is hard on mom, but we try to recommend that kids get 10 to 15 minutes of sun because really all you need. >> reporter:

bernard madoff is behind bars, but his number two is due in court, charged with 10 crimes.e worked with bernie madoff, and he is to plead guilty under a deal with the government. a 19-year-old former german officer has been found guilty of killing 10 civilians in italy during the war in what is likely to be one of the last nazi war crimes trials. he got life in prison. this report from berlin does include flash photography. >> he was convicted on 10 counts of murder. he was a 25-year-old officer in the german army at the time of the massacre in a village in italy. he was a commander of the company of engineers who set out on the brutal uprise operation after two german soldiers had been killed. he had always denied the allegation that he ordered the killings, claiming that he was rebuilding in nearby bridge at the time. after the second world war, he lived a quiet, unassuming life at his home outside munich, where he sat on the town council and ran a furniture shop, but last september after a long legal battle, he went on trial in germany. the relatives of some of the victi

greta: in the book you talk about an affair with bernard madoff. that did not start off as professional. >> no, it started off as professional and then it became physical in nature after five years. greta: were you infatuated with him were interested in him? >> well, he was with me. he made it very clear that he would like to take it further. i made it clear that at that point that there was not really -- i was not really into that. i was not interested in having at a fair. gret-- an affair. greta: why was this okay? you had worked with him for five years and then you had an affair. you certainly did it, i understand you have remorse but at the time. >> at the time, i was having problems with my husband penn to my life can check -- i was having problems with my husband. my life was changing. greta: what would you say about bernie madoff in 1995? >> i would say he was a good friend. if i had a problem, i would feel comfortable calling him. greta: you have lost personal money. >> i lost money. greta: you were wiped out > >> yes. greta: what do you th

. >> the former chief financial officer for ponzi scheme mastermind bernard madoff has pleaded guilty and agreed to cooperate with investigators. frank dipascali word for madoff since 1975. yesterday he admitted knowing everything about madoff's scheme which cost thousands of people their life savings. it came as no surprise to one former associate. >> i believe that frank new as much as bernie did and then as time went on, i in theed that they spent more and more time together in the officefi. >> after pleading guilty to charges including fraud and money laundering, depos cali was ordered to jail. that surprised both prosecutors and defense attorneys. the judge said dipascali was too much of a flight risk. >> a new study finds aspirin could help prolong life for colon cancer patients. the research shows taking aspirin reduced the risk of death by nearly 30%. if proven, it could be a real breakthrough, especially considering aspirin is so inexpensive. >> now here's a look at your weather. showers and thunderstorms for much of the east coast and gulf coast. severe at times from alabama

. >> bernard madoff's former right-hand man giving insight into how the ponzi scheme was run.details when we come back. these days, wouldn't it be great if saving money happened as automatically as everything else? at bank of america, it practically does. use the bankamericard power rewards visa credit card and earn rewards like cash back with every purchase. cash you can put into savings. or even use to help pay down your credit card balance. it's one of the many ways we make saving money in tough times a whole lot easier. medicare supplement insurance plan card. you know what's great about this card? wherever you go, nationwide, your coverage travels with you. and that's just one of the many reasons... you need the card you can trust . because with aarp medicare supplement insurance plans, you can apply year-round, talk with personal health insurance advisors... and so much more. if you're turning 65 or older... or you've already enrolled in a medicare supplement plan, call for this free information kit... and medicare guide. these are the only medicare supplement insurance

the recession is coming to an end but hard times are not over >>> one of convicted swindler bernard madoff's top lieutenants is expected to plead guilty to criminal charges tomorrow. other madoff insiders may be indictmented soon. >>> gm going on-line. announcing a trial program with e-bay today. most gm dealerships in california will sell their cars on the auction site. customers will be able to browse cars, ask questions, figure out financing and negotiate prices. if the trial is successful they plan to expand it around the country. >>> g.i. joe took command of the weekend box office. it finished in the top spot taking in more than $56 million. its the latest toy turned box office hit following in the footsteps of "transformers." "julie and julia" opened a solid two and "g-force" finished third. >>> coming up on "good morning america," what is next for paula abdul now that she's leaving "american idol" apparently? could she go from one judge's take to another? that's your "moneyscope report." i'm jeremy hubbard. >>> 6:24. it's weather time but i get the honor to show you wedding pictures o

. >>> the righthand man of convicted swindler bernard madoff behind bars. former ceo frank dipisquali pled guilty to helping madoff carry out the fraud, for at least 20 years. he said it was all fake and others were involved. as part of the deal with prosecutors, he will name the others. >>> american express and discover are dropping fees for customers who charge over their credit limit the companies say they will end the charges soon about six months before new credit card regulations take effect. under the new laws consumers must agree to pay a fee before going over their limit. >>> general motors has unveiled a car it claims can get triple digit gas mileage. gm says the hybrid chevy volt can go 230 miles a gallon in the city. the car runs on batteries for about 40 miles, then a gas engine kicks in to keep the batteries charged. the volt goes on sale late next year for about $40,000. >>> the financially strapped postal service is rolling out a new checks of commemorative stamps paying tribute to classic shows from the television golden age. they are now o

. >> couric: in other news, a plea deal today for bernard madoff's former right hand man, he pleaded guilty to helping madoff carry out the massive fraud that bilged investors out of billions. he could have faced 125 years in prison, but for agreeing to cooperate with prosecutors he could get much less. coming up next right here on the cbs evening news, minorities say they have never felt welcome in this suburb. but that is about to change. same flat rate. boston. boise? same flat rate. alabama. alaska? with priority mail flat rate boxes from the postal service. if it fits, it ships anywhere in the country for a low flat rate. dude's good. dude's real good. dudes. priority mail flat rate boxes only from the postal service. a simpler way to ship. or the worry my pipes might leak... compromise what i like to do... like hunting for bargains, not always bathrooms. i take care with vesicare. (announcer) once-daily vesicare can help control your bladder muscle and is proven to reduce frequent, sudden urges and leaks... day and night... if you have certain stomach or glaucoma problems, or t

greta: in the book you talk about an affair with bernard madoff. that did not start off as professional. >> no, it started off as professional and then it became physical in nature after five years. greta: were you infatuated with him were interested in him? >> well, he was with me. he made it very clear that he would like to take it further. i made it clear that at that point that there was not really -- i was not really into that. i was not interested in having at a fair. gret-- an affair. greta: why was this okay? you had worked with him for five years and then you had an affair. you certainly did it, i understand you have remorse but at the time. >> at the time, i was having problems with my husband penn to my life can check -- i was having problems with my husband. my life was changing. greta: what would you say about bernie madoff in 1995? >> i would say he was a good friend. if i had a problem, i would feel comfortable calling him. greta: you have lost personal money. >> i lost money. greta: you were wiped out > >> yes. greta: what do you th

investigators believe bernard madoff promised returns of 53% of year. that's led to speculation, some of his customers were aware of the fraud. and information from the special client group came from the chief financial officer that pleaded guilty last week to helping his boss create phoney trading records. >>> sony is cutting the price on play station 3 by $100. sony is also introducing a slimmer ps 3 model next month for a cool $299. that makes many gamers happy today. >> courtney, thank you and hav a great day. >> do you the same. thank you. >>> almost everybody you know probably takes some type of prescription medication. those medications can be lifesavers, and one of the most frustrating side affects could be weight gain, and some of the most common pills are the worse for your figure. >> reporter: medications for blood pressure causing swelling, and or diabetes medications causing weight gain. lindsay marshal heard plenty of plaintiffs about prescriptions that make them fat. some pple are surprised when they pack on the pounds after starting a co

the right-hand man of wind isler bernard madoff is bhe jind bars. frank depossess collie pleaded guilty to helping madoff caacci out one of the bigst fstrauds. he said it was all fake and others were indon' 16ed. as part of his deal with prosecutors he will name the others. >> and discovering dropping fees for those who charge over their credit limit. they will end that about six months before the new renarlations go out. >> and gm says the hybrid chevy volt can go 230 milesrieer galln in the city. the car runs on batteries for about 408 miles and a gas engine kicks in to deep battery charged. the financially strdpedrieostal service is rolling out a n ch bunch ofhe early tv memory stamps are on sale featuring 20 shows that captureed the nation. among them, i love lucy and the honey mooners. >> and coming up how you can take your kids on a fat-free shopping spree. >> that's on "good morning america." >> coming up on good morning, washington, phil stuart has some of the stories you won't find to be frontrieage. >> and on "oprah" it's a don't-mitts hour

greta: in the book you talk about an affair with bernard madoff.as professional. >> no, it started off as professional and then it became physical in nature after five years. greta: were you infatuated with him were interested in him? >> well, he was with me. he made it very clear that he would like to take it further. i made it clear that at that point that there was not really -- i was not really into that. i was not interested in having at a fair. gret-- an affair. greta: why was this okay? you had worked with him for five years and then you had an affair. you certainly did it, i understand you have remorse but at the time. >> at the time, i was having problems with my husband penn to my life can check -- i was having problems with my husband. my life was changing. greta: what would you say about bernie madoff in 1995? >> i would say he was a good friend. if i had a problem, i would feel comfortable calling him. greta: you have lost personal money. >> i lost money. greta: you were wiped out > >> yes. greta: what do you think of him? >> i think t

. >> a court appointed trust see keeping tabs on what bernard madoff's wife is spending. can't spend more than $100 without tell tells the truth at the. the move follows bernie madoff's conviction for running a ponzi scheme. ruth madoff has not been charged, but was forced to leeft couple's upscale apartment. >>> a bizarre series of burglars in boston has police on alert. a man walked in to an unlocked apartment and stole a laptop computer but not before stripping off his clothes. investigators say after fleeing the apartment complex, blow into a nearby house and did the same thing. the manager of apartment building isn't sure who the intruder got in, but said the locks have since been changed. >>> a dog was missing a for nine years is finally reunited with its other than. muffy was found more than 1200 miles away from her home in australia on a scrap of cardboard in a backyard in melbourne. muffy apparently has a micro chip in her neck and that's how inspectors were able to identify her and return to the family who had given up all hope of ever seeing her again. >> carrie

watch for fresh developments in the bernard madoff scandal. it continues. is the day frank the finance chief at madoff's investment advisory business is expected to plead guilty to criminal charges. 4 e's been with madoff since the 1970's, depas collie may end up becoming a key witness and help prosecutors build criminal cases against the other players in the scheme. madoff repeatedly claimed he acted alo and is currently serving a 150-year prison term. >> on to the housing market. stilla.com says by the middle of next year the mortgage holders who owe more than their home is worth may soar to 30%. in the second quarter 25% of u.s. mortgages were under water and home values in the d.c. metro area fell 1% to an average of $142,000. compared to the second quarter a year ago prices falling 12%. as for trading, l'sak te a look at stock index futures. t ndlogin losses gearing up for a lower open here on wall street. and that is business news le at bloomberg headquarters i'm michelle reporting for abc 7 7 news. pam and alison, you guys have a great day. >> our ti

greta: in the book you talk about an affair with bernard madoff. off as professional and then it became physical in nature after five years. greta: were you infatuated with him were interested in him? >> well, he was with me. he made it very clear that he would like to take it further. i made it clear that at that point that there was not really -- i was not really into that. i was not interested in having at a fair. greta-- an affair. greta: why was this okay? you had worked with him for five years and then you had an affair. you certainly did it, i understand you have remorse but at the time. >> at the time, i was having problems with my husband penn to my life can check -- i was having problems with my husband. my life was changing. greta: what would you say about bernie madoff in 1995? >> i would say he was a good friend. if i had a problem, i would feel comfortable calling him. greta: you have lost personal money. >> i lost money. greta: you were wiped out > >> yes. greta: what do you think of him? >> i think that he should not be among normal

. >>> bernard madoff's former right-hand man, frank dipiscali pled guilty. madoff's former customers say depiscali was their main contact with the firm. >>> website craig's list says bartering has taken more. people are trading on working skill, like website design in return for dental work. in new york, i'm alexis christoforous. >>> legendary rocker bruce springsteen is coming to town. he's scheduled to perform at first mariner arena. with tickets to go on sale september 25th. this will be springsteen's first baltimore show. things look a little different now, mr. springsteen. he'll also perform in washington, d.c. on december 22nd. and of course bruce was born where, sally? >> in the usa. >> but he also looks a little different. >> i think that was 1969. >>> coming up on eyewitness news at 4:00. growing problem. mothers drinking and driving. the disturbing statistics. >>> i'm ron matz at maryland's special headquarters in linthicum, where they're remembering eunice kennedy shriver. the story on eyewitness news continues. >>> and get your updated forecast.

. >>> and bernard madoff's right hand man pleaded guilty.operating with the government, and he worked for madoff for 33 years. he told the judge he created false records and lied about activities. he faces 125 years in prison, but will likely get less time given his cooperation. the judge, however, did not agree to let him go out on bond. >>> the obama administration is thinking about making cash for . it could dampen the impact of the program. there are changes down the road is what it looks like. >> thank you, courtney. >> thank you. >>230 miles per hour, that's the n the chevy volt. that's the electricity car expected to hit the market late the pce tag is estimated at $40,000, and it would cost 3 cents a mile to drive it. it can go 300 miles, and then it has to be plugged in unlike a lot of the other hybrid models. brian moore reports. >> reporter: 230gaon. that's the jang bottom line for chevy's volt. the card to hit the market later next year. >> they commute less miles a day, and most volt operators will operate without having to use a

and jessica doyle is back with the latest developments in the bernard madoff investment scam.now. >> pretty soon bernie madoff won't be the only one to plead guilty in the biggest investment scam in history. tomorrow, frank depasquale is expected to plead guilty in a business that stole billions from charity, financial fund and average investors an the world. madoff is serving out his 150 year sentence currently. >>> you may know ben stein from his acting, comedy, game show or other public roles but won't see his business column anymore. they dumped his work because of his work for freescore.com. >>> it is time for the money- saving tip of the day when shopping for technology like a new phone or video game console it is hard to beat the internet tor price comparis. easy places tolo, ngpi sections of leoggo ogor sihoo but plen of sites e ar gned to find e th debethe best price anywhere. pricegrabber anne and .cyawoom look for yathe s aldeon- line. woya found a gps fo% r 55off th55manufacturers suggested retail price, saving you about u 0. mo r fo remoney-saving tips check out m

he was once the chief financial officer for bernard madoff. he faces up to 125 years behind bars.he battle against cancer. researchers say that patients who took aspirin reduced the rest from the disease of colon cancer. it was combined with surgery and chemotherapy. it is the second deadliest cancers in the u.s. after lung . now back to greta. greta: this brings new meaning to the term drowning in debt. new report 201148% of u.s. home mortgages could be under water. that means the owners will owe more money than their houses are worth. how is that possible? joining us is bill barnett association of mortgage brokers. the good news i read this morning experts i this the recession is over and then i hear what you have to present. >> no. it's far from over. we have got a situation where we have the specifically in 2005 where the subprime mortgages came out and you had three term varieties a two year arm, a three year arm and five year adjustable rate mortgage. we have gone through the two years. they matured a justed in 2007. 2000 it it 8 we hit the three years that's what we are goi

. >>> a new controversy concerning bernard madoff. does he have cancer as the new york post and "wall street journal" report or is he in good health according to the bureau of prisons. madoff has told orinmates he dunn have long to live. he was sentenced to 150 years behind bars. >>> true blood the beverage is selling on hbo.com for $4 a bottle. the premise of the hbo show true blood vampires can come out in the option because of the invention of a synthetic blood they can drink. they say it tastes like fruit punch but fizzy. >>> what's in the next half hour. >>> money saving tip of the day and we are saving you $30 a monday on your dry cleaning bill. >>> howard county maryland's first murder of the year is a strange one. an 87-year-old man is charged with killing a 91-year-old woman -- or a 91-year-old. police say it happened in an assisted living facility in maryland. the investigators say the attack on fellow resident was unprovoked. brown died five days later. police are trying to find out what prompted the attack. >>> an sandman

after government regulators failed to expose bernard madoff's $60 million scam, big- time investors are now reportedly hiring private detectives to watch over their accounts. the trend is being trend"madoff in -- the trend is being called "madoff insurance." >> i have been calling these investigative firms all over the country and all over the world. they are fielding phone calls from investors who may not have been burned, but they are fearful that their investments are sitting with a bernie madoff. they are asking private investigators to look out for their money manager. even if they have been with them for years, they want someone to make sure they are on the up and up, and sometimes, even asking for references to see if they can catch some red flags. shepard: who is hiring these investigators? >> big and small investigators. in some cases, hedge funds, all the way to wealthy families. some individual investors and pension funds. pretty much, there is a big range of investors looking for some sort of madoff insurance. folks that have been with their money managers for 15 or 20 years

. >> reporter: victims of bernard madoff are expressing anger over the trustee litigating madoff's investment can. pick card and his law firm are receiving $14.7 million for just four months of work. a bankruptcy judge approved a payment. some victims argue pick card isn't paying his victims fast enough and is wasting money that should go to them. >>> it seems the district has become a favorite destination for many of you during this economic downturn. our friends at the examiner have a new report which talks about the influx of tourists to dc because of the many free attractions. one example is the smithsonian museums and zoo which have welcomed 3.5 million visitors during the first three months of this year compared to the same time in 2008. despite the extra numbers it is -- revenue is still down. visitors may be choosing to sleep outside of the district or with family and friends. >>> you had better be prepared for delays if you plan to ride metro this weekend. a spokesman says the transit agency needs to replace a switch the tracks at pentagon city over labor day weekend. the repairs wil

bernard madoff's top lieutenant is expected to plead guilty to criminal charges tomorrow. prosecutors struck a deal with him, a former chief financial officer. that's probably mad news for other madoff insiders. experts say he's probably been naming names and more indictments could be coming soon. general motors is going online in an attempts to boost sales. g.m. is announcing a trial program wi ebay today. most g.m. dealerships in california will sell their cars on the auction site. customers will be able to bruce cars, ask questions, fure out financing, and negotiate prices. if the trial is successful, they plan to expand it around the country. well, "g.i. joe" took command of the weekend box office. it finished in the top spot, taking in more than $56 million. it is the latest toy turned box office hit following in the footsteps of "transformers." "julie & julia" was number two. coming up on "good morning america," what's next for paula abdul now that she's leaving "american doyle"? could she go from one judge's table to another? and that is your "money scope" report. i

bernard madoff comes to mind. are all of those people unveiled, are they going to jail? >> lots of them will go to jail. stan ford is in jail now awaiting trial. we try to do as many of these fraud cases with the criminal authorities as we can. while we might be the first mover, sometimes they are the first mover, we are often linked with the criminal authorities because we can't put anyone to jail. we're a civil enforcement agency. they can, that's the most powerful deterrent of all. >> what about in the cases of companies, tlchs a while we weren't hearing that. our parent ge paid a fine on accounting fraud, k-mart and bank of america on misleading investors. will we see headlines like that, will you work with criminal authorities in those sorts of cases? >> we will work with criminal authorities in those cases as well. we have aggressive new enforcement director it sec who made a priority for us to be strategic in our cases much faster in our cases and seen that in the last couple of weeks, i think. and bringing the case that's have the biggest impact, the highest like

. >> it was so far out of my head that anything like that would happen to someone like bernard madoffrayed them. >> a 71-year-old man beyond reproach. bernie madoff. the man who made so many so rich for so long. the man who gave millions to charities and invested millions more on their behalf. >> the money disappeared. there's nothing to recover. >> gone. >> i've always expected madoff to blow. >> gone. >> that would have been my nest egg but gone. >> $65 billion lost, in the biggest ponzi scheme ever. how did he do it? where is the money? and how did it go on for so long? we'll take you inside his shadowy world. the wealthy communities now reeling. and the charities, some simply left with nothing. and you'll meet the few who questioned it all along but couldn't get anyone to listen. this is "the scam of the century: bernie madoff's crime and punishment." >> bernardo madoff will die in prison, sentenced to a term of 150 years. in court, bernie madoff apologized to his victims and acknowledged his words would provide them little comfort. over the next hour, we will unravel madoff's stu

bernard madoff's former cfo pleaded guilty to securities fraud, fra fraud,. >>> the costa rican presidenter quarantine after being diagnosed with a case of the swine flu. now back to "hardball." >>> welcome back to "hardball." eunice kennedy shriver, the founder of the special olympics, died earlier today in hyannis, massachusetts. mrs. shriver was the sister of president kennedy, of robert kennedy, of ted kennedy. she died surrounded by her family. doris kearns goodwin is an author, of course, and presidential historian, and mike barnicle, our friend is a friend of the kennedy family. i want to start with doris because sarge shriver once told me before he got alzheimer's, we were having lunch, he said if you really look at my wife, eunice, you'd see jack kennedy. they're almost genetically the same person. if she weren't a woman, she would have been president. something like that. tell us about the importance of eunice shriver who had to live in the shadow of her brothers? >> in a certain sense what you could say about eunice shriver is she created a movement and that puts her in line wi

>> well, melissa, judge bernard sullivan rejected the bail package proposed for bernard madoff's former cfo, remappeding frank dipascali to jail today even though the government and his lawyers stood up and said he has been cooperating with the government since december or january and helping them try to uncover or unravel the $65 billion ponzi scheme. after mr. dipascali made a statement in court today and pled guilty to the ten counts by the u.s. attorney's office, judge sullivan said that the bail package which included a $2.5 million personal recognizance bond and the fact he had to give up his passport and stay within the southern and eastern districts of new york as well as pennsylvania, judge sullivan said that the package seemed to be symbolic and not onerous given the crimes that that he was charged with and admitted to today. he said he still appeared to be a flight risk despite the fact mr. dispascally is cooperating with the government. so, his former cfo going to jail tonight. melissa, back to you. >> thank you very much. so you heard it's a remand for mr. dipascali. the ch

there was word today convicted financier bernard madoff is dying of cancer in a north carolina prisonthe "new york post," citing unnamed prison sources, said the 71-year-old told fellow inmates he doesn't have much longer to live. madoff was convicted of running a $65 billion ponzi scheme. he began serving his 150-year sentence in june. a spokesman for the federal bureau of prisons insisted madoff is "not terminally ill" and has not been diagnosed with cancer. what was left of hurricane bill moved out to sea today. bill was the first hurricane of the 2009 atlantic season. over the weekend, bill brought strong winds, heavy rain, and big waves up and down the u.s. east coast. the storm was blamed for two deaths, including a seven-year- old girl who was swept out to sea off the coast of maine. on wall street today, stocks ended the day with very little change. the dow jones industrial average gained three points to close at 9509. the nasdaq fell nearly three points to close just under 2018. >> suarez: and still to come on the newshour tonight,: the healthcare debate from idaho, and the s

people should be as outraged by this as they were by bernard madoff. it's the same thing, you're paying into a system that's not payingor or treating you fairly. and i think that every town hall meeting should start with this kind of information and start with a personal story of a person who is suffering because of their health care insurance. we've got to make the stories personal and it's too much money for not enough cause. >> i've got to tell you, think this is actually why your side, according to all the polls and just listening to people, is losing this argumentth and i'll tell you why. because the big concern for most americans is preserving their own insurance. 85% of the country has insurance. 77% of those people like their insurance. and look, if you request go ahead and put mr. hemsly in jail, and it isn't going to insure a single other person. >> but michael -- >> the thing that people are asking for, ed, is who is going to pay the bill if you're going to insure 40 billion new people. >> what i want to do is refuel the bush tax cuts. i'll

but now taking a look at today's business headline, a group of bernard madoff's victims is objecting to the fees, the trustee overseeing the liquidation of madoff's assets is requesting. trustee irving picard is asking for $15 million for the three months of work he has been on the job. but the victims say they would rather see the bulk of that money go to the casualties of madoff's ponzi scheme. and according to internet data firm stat counter microsoft's bing search engine increased its market share by 1% in july to nearly 9 1/2%. microsoft and search partner yahoo now control more than 20% of the internet search market. rival google, however, still controls more than 3/4 of that market. and only 6,000 of general motors' blue-collar workers taking the automaker's latest early retirement and buyout offers. that fell about 7,500 short of its goal. gm has said it wants to end the year with just over 40,000 workers, meaning more layoffs at gm factories could be coming soon. in the meantime the government's cash for clunkers giving auto sales a boost last month. cnbc's phil lebeau is ou

. >>> the bureau of prisons says contrary to published reports bernard madoff is not terminally ill and does not have cancer. >>> bank of america will pay $150 million to settle a class action suit involving the sale of bonds and preferred stock by its merrill lynch unit. that's cnbc.com "news now." i'm julia boorstin. >>> there's a live picture of the floor of the new york stock exchange. monday afternoon on wall street as we enter the final stretch with the market giving up much of an earlier rally. hi, everybody. welcome to "the closing bell." i'm maria bartiromo on the floor of the new york stock exchange. you've got oil prices at ten-month highs right now. the stock market actually earlier today briefly was in the territory to make new highs for the day. that reversed course as financials really took down the market. we have a mixed performance within the financials, and that is one of the reasons that this market is coming off of the best levels of the afternoon. take a look at where we are as i bring in bob pisani here, our eye on the floor of the nyse. bob, we've got the dow jon

. >> right now, latest developments on the bernard madoff investigation. madoff, in jail for life but now his chief financial officer has pleaded giltdy to multiple counts of fraud and is cooperating with authorities. the big question this morning, who else will he finker? abc's chief investigative correspondent brian ross is here. >> reporter: frank dipascali was madoff's rand money and he plea was part of a negotiation to make him name ne and details that madoff refused to divulge. frank dipascali was always an unlikely choice. he had no college and no previous financial experience. but what he admitted in court that he did have was a criminal mind. in pleading guilty to ten felony counts, dipascali described his role in creating millions of phony stock trades that deceived madeoffs's investors for decades. "it was all fictitious. it was wrong and i knew it was wrong at the time," the 52-year-old dipascali said, near tears. >> i believe that frank knew as much as bernie did and as time went on, i noticed that snent more and more time together in the offic