bernie williams . bernie williams. [applause] bernie williams. bernie williams.ow bernie is focused on his love of music. he is a classically trained guitarist with a brand new cd call would moving forward. please welcome superstar bernie williams. [applause] >> hey, bernie. >> how are you. >> thank you so much. this is your town. >> yes. >> they love you in new york. >> i certainly appreciate that. the mets fans might not. >> by the way, you are disgusting. you are a phenomenal act to lead. when we went through hearsal. i thought you were the real deal. >> i am just blessed withital not and i have a good opportunity to make the most out of it. >> second blessingings, i think you have had a third. it is amazing. because your baseball career was that of a superstar destined for the hall of fame, not people see one world series and you were in four. four types golden glove and a phenomenal baseball career ask all this time what you were getting ready to do was launch the music career as a classically trained guitar player. >> yeah, i wouldn't have imagined i would

a grand slam. >> bernie williams! bernie williams! bernie williams! bernie williams!cused on his love of music. he's a classically trained guitarist with a brand new cd called moving forward. please welcome superstar bernie williams. [applause]. [applause]. >> hi, bernie. great to see you, man. >> thank you so much. well, this is your town. they love you in new york. >> well, i certainly appreciate it. >> except the mets fans, some of them are-- >> i know. >> you know how disgusting you are in the sense you're a phenomenal athlete and one of the best musicians i've heard e when we went through rehearsal, i thought this guy is the real deal. >> i felt i was blessed with the talent and a good opportunity to make the most out of it. >> mike: a saying about second blessings, i think you've had a third, man. it's just amazing, because your baseball career was that of a superstar, destined for the hall of fame and i mean, not many people see one world series, you were in four. four times golden glove. just a phenomenal baseball career, and all this time, what you were reall

i got my friend bernie, he's doing a wonderful job for me, let me call bernie and get you in the fundthat is how he got a lot of people. and one other -- my question is this -- >> host: before you ask the question, without revealing any of the secrets with your friend, how much money did he lose and what has he said sibs the confession and his imprisonment? >> caller: he's not happy about it, but lucky for him, he wasn't totally invested in the man. he will not lose his house. but he's going to lose a few million, i think, that is my guess. i didn't go that far in. i looked at the statements, but the thing that stood out in my mind, who is the auditor. >> host: go ahead and ask your question. >> caller: my question to you, i don't like hedge funds and i think a lot of them are manipulators of stock. mr. donaldson wanted to regulate them years ago. they said there is a federal law that would not allow the securities sx eand exchange commission to regulate that. there is allow out there? >> guest: there is a bill that president obama would like to push through and under that hedge funds

live in glen bernie, sha region son. >> thank you. doctors and nurses are giving people a lot of flu shots. >> governor o'malley is not waiting for his. the challenge he wanted to prove to all of maryland. >>> the way one cellular company is going about building a tower is not settling with people. let's check in with justin. >> 5:05 a.m., 49 degrees and it is going to get colder this week. we will talk about that coming up. as we wait for the breeze to pick top day, let's see what is happening. mark. >>> well, good morning. the commute start is a good one on the metro subway. on light rail look for a 20 minute delay, 20 minutes beaware of that. buses 13 with a diversion at washington and lafayette. and number 13 diverted at corporate. mfa transit team, i'm mark jones [ female announcer ] there are few guarantees in life. here's one for your skin that's clinically proven. olay professional pro-x wrinkle protocol is as effective as the leading wrinkle prescription brand at reducing the look of wrinkles. that's because olay has teamed w

in the weekends with bernie segment tonight.sident obama and on abc, nbc, cbs, cnn and univision. as i mentioned fox was not invited. how did the interviewers do? joining us now from north carolina, fox news analyst bernie goldberg. everybody's real anxious to hear what you have to say about this. the consensus, of course is that it was a pretty easy ride for the president. >> let me pick up on the one phrase that you did about fox first then i promise i will get right into your direct question. i think the guys at the white house, the political guys at the white house say, you know, you have a couple of people here on this network who, if their lips are moving, if their lips are moving they are bashing the president. and then the entertainment network as juan williams said they run the so you think you can dance instead of the president's speech to congress. i think these guys are saying you want to play like that you? want to play like that? fox? we can play like that, too. and then. bill: that's immature. >> yes, yes. bill: i

new tonight, bernie madoff caught on tape. the master scammer who stole 65 billion how did he dupe the fcc? new research showing six-month babies judged others based on the color of their skin. what can parents do? >>> hey, everybody. those are big questions tonight but we're going to start, as always, with the stories making an impact. we'll watch it all so you don't ha tochlt we begin with breaking news, news that gets us a step closer to a vaccine for the h1n1 viruses, shows that a low dose of the virus may be enough to protect you from the virus. listen. >> concerned that two doses of the standard type of vaccine would have implications for the supply and whether or not he was able to produce a single dose of the vaccine that we've been testing in a very short time n. our case, eight to ten days and interviewses in response. >> again, the doctor, swine flu action veen is expected it to be available in mid-october. >> we're going to turn now to politics. the fallout from the big health care address. taking most of the black

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and i don't have any problem with that wait, bernie. wait. i don't have any problem with get out on earth day and be environmentally correct. no problem. they all do it. but if you then take a commentary program, clearly labeled as such, and then they say hey, you know, you tea party people, go on out there and show them that you don't like this big government intrusion. what's the difference between earth day and tea party? what's the difference? >> well, the difference that's a good question, bernie, what's the answer. >> here is the answer. don't pretend you are being objective. i don't mean you. i mean others on this network. don't go on the air and say these tea parties have a cross section of america. they are not a cross section. don't pretend to be a journalist if you are not a journalist. don't be a commentator. be my guest. but don't pretend to be a journalist. bill: i think we clearly label fox news channel, this is a good discussion. glenn beck comes on and glenn beck is now in the target. he is the big target. he is coming up lat

bernie madoff had a very good reputation. and i think that played a part in this whole issue which is no one really believed that bernie madoff could be opeting a ponzi scheme. and i think that's a reason why many investors continued to invest with him. my position would be after doing this investigation that if you get a complaint that says bernie madoff is operating a ponzi scheme, you need to be able to believe it in order to conduct an appropriate investigation. at that point, you need to allow for the possibility that it's happening and check it out. and when you start checking it out and you see bernie madoff that are saying things that are contradictory you got to keep going. >> he not only fooled the sec he fooled the sec investors didn't he. >> yes. >> the chairman of the subcommittee, jack reed. >> thank you, mr. chairman. thank you, mr. kotz, for an extraordinarily insightful and informative rert. we appreciate it vermuch yr efforts. approximately how many tips, complaints accusations do you think the sec gets a ye

. >>> we'll talk about bernie madoff again this morning. billions he took from investors, parts of the scheme you need to know about should something similar happen to you. >>> this driver didn't get far, especially after what someone decided to do with cones in georgia. >>> and a nice quiet start to the work week for us weather wise, let's look outside. it's a little brisk, 56 in towson, 59 in westminster right now, mainly clear skies, we'll be seeing clouds move in throughout the course of the late morning, early afternoon hours. then we'll be seeing partly cloudy, breezy conditions at the bus stop and just be aware that you may need a light jacket as you head out to the bus stop this morning. let's check out the roads here is kim. >>> thank you, susan. we don't have any problems to let you know about around the beltway. traffic is moving smoothly at route 50 and 97. i'll have a complete update for you when we come back next. >>> good morning maryland, time now is 6:13. we know the name, but do we really know how bernie madoff pulled off

there's bernie madoff. i don't know what his jail cell looks like, but i'd like to know what his palm beach house looks like. steve: congratulations. we have brand new video. the u.s. marshals have taken these pictures. it looks like the real estate channel. this is one of the place that obviously is going to be liquidated. take a look at how much can be yours if the price is right. here's a u.s. marshall talking about bernie's pad in palm beach. >> as you enter the madoff house, the first thing you'll notice is the long hallway leading to the back living room with the beautiful view of the intercoastal waterway. as you walk down the hallway, you'll see three ate rum courtyards with french doors off to either side. the office. and other bedrooms off to the right and left-hand side. brian: he's a wonderful host. fantastic. steve: u.s. marshals, you need work with robin leach. you need to get that "lifestyles of the rich & famous" music. brian: and take your wind breaker off. steve: that would seem something

look at bernie madoff. how long did bernie madoff keep that scam going? did people lose money five years ago? no. was in a ponzi scheme 5 years ago? yes. they do lose money because they hadn't figured it out. when anybody wanted their money back, he wrote them a check. got the money from other people who didn't know it was a ponzi scheme. the government does the same thing, we can't pay is this money back, everybody knows it, there's no way we can raise taxes and pay this debt off. we can only keep borrowing until the world comes to its senses, then we have to do the same thing as bernie madoff. we have one option bernie madoff didn't have, we have a printing press, we fall through inflation. i joke that, keep this thing going, instead of having bernie madoff in jail, we ought to make him secretary of the treasury. maybe it would be too obvious if we did that. this is going to end, just like lenders eventually stopped lending money to people who couldn't pay it back, just like real estate prices didn't go on forever. this dynamic between russia, china or

but this home was owned by bernie madoff, and so it's up to the femds to sell it. brian ross. >> reporter: after a busy week of swindling his investors, this is where bernie madoff came to relax on his summer weekends. a four-bedroom, 3,000 square foot beach house in the village of montauk in the exclusive hamptons on new york's long island. >> you see the understated elegance that i'm talking about. from left to right, you have the ocean, panoramic view of the atlantic ocean. >> reporter: the beach house is one of four madoff homes being sold off now, along with a penthouse apartment in manhattan, a waterfront estate in palm beach and a villa in france. >> it's simple, stylish, but it is understated. >> reporter: in montauk, roland ubaldo, wearing his raid jacket, took on the role of real estate agent as he conducted a tour and delivered his sales pitch. >> here we are in the master bedroom, where bernard and ruth lived when they were in the montauk residence. he had a little, a small office here where i guess he did some of his work. >> reporter: the couple had b

glen bernie, cork ran corcoran middle school expecting to receive a check for $50,000. this is to keep kids fit and prevent childhood obesity. they are pairing with governor oh ma'amly. this is called -- o'malley. this is to keep children in school. the idea is to get children to work out 60 minutes a day. they will lead students through fitness tests. this is one of four middle schools nationwide receiving this grant. matt and brandon are role models for students. >> i think it is exciting. i think they recognize players on the field on sundays that they don't know what goes into it. and the players are working out every day of the week. they have only one day off during the week, tuesday and that is resting their body but they are putting in time every day. and it is good for kids to see that. the players are playing 60, get active 60 minutes a day, every day. >> now things kick off at 10:00 a.m. this morning with the minicamp and it should be very exciting. live in glen bernie, sherrie johnson. >>> chicago became known as michael jordan's city then president obama to

here's the story tonight on "60 minutes" where did all of the bernie madoff money go? the man in charge of searching for it some answers he's on the season premiere of 60 minutes. that's followed by "amazing race" and "cold case" all tonight on cbs. >> phil: good time out by the steelers because the formation was different. they had double stacked receivers on each side. mike tomlin, let's go over this make sure everybody knows who they got if they get the same play. >> jim: it's fourth down. have to get to the five. to keep it alive. 36 seconds to go. palmer has the time, throws it at the last second and able to stay on his feet for the first down! what an effort by brian leonard. now with 20 seconds, clock running. another spike at 18 seconds. leonard a little gimpy, that was looking at walking off the field butine he was going to make it a great second effort by back up running back. >> phil: you think he's going to get caught from behind. he released late. what a job by carson palmer pulling the football down and brian leonard made this football team because he's a

. >>> and sins of the father, bernie madoff's two sons may have to pay millions to their father's victims. captioning funded by cbs >>> this is the cbs morning news for wednesday, september 2nd, 2009. >>> good morning, and thanks for joining us, i'm michelle gielan. there are glimmers of hope against the battle of the california wildfires. fire crews report significant process, and some evacuation orders have been lifted. elizabeth sanchez is in california this morning. good morning, elizabeth. >> god morning, michelle. the flames here in the angeles national forest have slowed. and behind me, there are some hot spots, and although it's a little hard to see right now, there are some hand crews back there trying to put the hot spots out. >> reporter: california firefighters now have nearly a quarter of a massive wildfire near los angeles under control. >> this is our first increase in containment since the beginning of the fire, and that's been due to a little bit due to the weather. >> reporter: higher humidity and cooler temperatures should continue to give crews a bit of a break today.

this instills confidence and spirit. >> bernie, let me ask you this. is there still a terror war at home and abroad? are we war weary at home and abroad? and do we still face the lethal threat from radical jihadists? >> well, you face the threat, number one. number two, to go back to what you were asking the others, people have to remember, this is the same time in history that george bush was going through eight years ago. 1993, the world trade center was bombed. eight years later, 2001, eight months into george bush's presidency, first term, we were attacked again. we're at that same stage right now. we have to realize that the enemy has not dissipated. they haven't disappeared. they're still out there. they had maeszage today, just today, by one of the al qaeda leaderships that they're looking to create some kind of nuclear event. osama bin laden still talks about mass casualties in a spectacular event. the problem for us is i don't see the american people having the patience to fight these wars for an enemy that they can't see. the enemy today are

transferred over a six-year period. >> what is so confusing i think about the madoff fraud is that bernie madoff and his brother peter and his two sons ran a very legitimate, very profitable brokerage firm in new york called madoff securities, and it accounted for at one point i think at its height 10% of all the trading done on wall street. >> erin arvedlund wrote "too good to be true: the rise and fall of bernie madoff", she started investigating madoff in a 2001 baron's argue, questioning his returns. >> madoff was filing sec filings in 2006, 2007 and 2008 which claims that the advisory businesses with only overseeing $17 billion and it was completely legitimate but that was lie. so just on that, he could probably be indicted. i think the funds they may have a -- the sons, they may have a more difficult time linking them because, again, they were working at a legitimate brokerage firm. >> the court apointed tropesty working the case has filed 13 lawsuits, seeking the return of roughly $15 billion. so far, only 1.5 billion has been found of an estimated 65 billion invested. hear more of

secret recordings of bernie madoff coaching a witness on how to fool the feds. >>> as we go to break, this team of waste removal experts grabbed their pooper scoopers and hit the national mall this morning. volunteers to clean up the grounds around the reflecting pool, a monument at no costs to you the taxpayer. the company, duty calls. decided to step up after hearing many complaints abou them all. the washington post calls bob mcdonnell a "culture warrior." and what does that mean for virginia? it means: bob mcdonnell introduced 35 bills to restrict a woman's right to choose. he wants to outlaw abortion-- even in cases of rape and incest. and mcdonnell opposed birth control for married adults. learn more about bob mcdonnell's crusade to take virginia backwards. i'm creigh deeds, and my campaign sponsored this ad. need a lift? hey buddy, i appreciate the ride, you know. no problem. ♪ mind if i take a shortcut? yeah, sure. ♪ i knew the subaru legy was the smart choice... what i didn't expect... was the fun. the all-new subaru legacy. feel the love. >> new accusations tonight against t

what they mean today in glen bernie. >> 6:43 a.m. good tuesday morning.hanks for joining us, i am megan pringle. >> i am jamie costello. here is jussen burke. >>> we are looking outside, temperatures have been flirting with the 40-degree mark in the baltimore area. we briefly slip back to 49, back up to 51. most everyone is in the 50s. exception of one spot up there towards new york city. otherwise a scent of cool air working its way in and that will dominate for the rest to have week. boundary swing through yesterday afternoon and evening. that is helping to usher in some much cooler air pulling across the border. this is all in response to this area of low pressure. watch it spin around here across southeast ontario bringing rain across new york state. this area of low pressure will drag in chillier air and dominate as we head into the next couple days. what you see here is a clear morning. unstable air will build in more cloud. this afternoon, partly sunny downtown baltimore. 69 degrees. breeze gusting. stronger winds to the northwest. fill in clouds 9

let's look at them bernie hall will be joining us shortly talking mortgages and refinancing. if you are worried about foreclosure, then you should call ron clarkson and lena barnette can help with estate planning and bruce can help you debt get out of credit card debt. the number is 202-432-9045. >>> all right. let's call that number. let's help everybody get moving with some weather. >> and eric and carlos, parkway deli. >> yes. >> and we are ready to go. >> hey, everybody a little rain outside. doppler 9000. our first stop, the rain and the green on the screen we have a little bit for you. gaithersburg and poolesville over to laurel and jessup. the numbers that go with this map, a little chilly but tomorrow morning at this time you will be waking up to 50s instead of the 60s 6 change over the weather graphic and there you go. 61 gaithersburg and andrews air force baits. around here 64. 1 winchester. 65 at annapolis. all right. where it is not raining it is cloudy. we will give it until the afternoon to break the clouds up and some high pressure from canada will sneak down f

it's a disgraced wall street titan, bernie madoff.e's coaching a potential witness on how to trick the s.e.c. madoff starts out quote, obviously, first of all, this conversation never took place. and you just got hear the rest of it. >> plus could terrorists really buy nuclear bombs on the black market and sneak them no an american city? just how realistic threat is that on the eve of september 11th we're looking in to frontal boundary of loose nukes. >> we begin the hour with an in depth look at the president's speech, the politic, the policy, what it really means and what's really at stake. president obama had two big objectives last night trying to convince you that his plan is the best way to fix our broken health care system and the end stalemate in congress. he extend an olive branch to his rivals but said if you don't want to roll up your sleeves and get to work get out of the way. >> this is the plan i'm proposing. it's a plan that incorporates ideas for many of the people in this room tonight, democrats and republicans. i wil

the beach house of bernie madoff has been sold. the buyer is paying more than the $8.7 million list price. there were multiple bids. the money will go toward repaying victims of the massive fraud. coca-cola ranked number 1 in the 10th straight year in a report of the world's most valuable brands. the brand is worth nearly $69 billion. ibm was number. two microsoft, general lector, and nokia round out the top five. starting next month, southwest will stop offering lemons and only serve limes. they're hoping to save $100,000. coming up on "good morning america," the secrets of sleep. that is on "good morning america," and that is your "money scope" report. i am vinita nair. >>> 6:00. is your time. >> still to come, a dramatic shift in missile defense. the white house is changing plans. >> later today, oprah is live from new york with david letterman. >>> president obama is changing course on missile defense as a secret report says iran can build a nuclear warhead. >> the president thinks he has a better way. john hendren has details

for sales could go up this week for bernie madoff's properties.y thompson joins us outside his manhattan apartment with all the details. >> earlier this morning, u.s. marsh marshals leased video tapes and from what we could tell, he had a liking for great views and liked shoes. as for the homes, the two-story penthouse was bernie and ruth madoff's main residence. only one bedroom. the wrap around terrace on the 12th floor offering secluded seating and eye-popping view of manhattan. inside, a custom closet. the government thinks it would list between 8 and $10 million. >> we've seen apartments like this listen in the 10 millions in this area and we're not going to skimp out. we'd like to get market value for this. >> the price for his 8700 square foot home in palm beach. not known. the home features stellar views this time overlooking the intercoastal waterway to downtown palm beach. the closets held his over the top collection of shoes. >> that's where he had again, nine shelves that would accommodate the 40 plus pairs of handmade belgium shoes he

. >> and how much money will shell out to get your hands on bernie madoff's new york beach house. >> the weather outside will continue. and a brand-new tropical storm. 6m6m6m6m6m6m6m6m6m6m6m6m6m6m6m6m gecko: uh, you wanted to see me sir? boss: come on in, i had some other things you can tell people about geico - great claims service and a 97% customer satisfaction rate. show people really trust us. gecko: yeah right, that makes sense. boss: trust is key when talking about geico. you gotta feel it. why don't you and i practice that with a little exercise where i fall backwards and you catch me. gecko: uh no sir, honestly... uh...i don't think...uh... boss: no, no. we can do this. gecko: oh dear. vo: geico. fifteen minutes could save you 15% or more on car insurance. >>> 70 years ago, and not see forces attacked poland marking the beginning of world war two. -- nazi forces attacked poland. president obama did not attend the event, but he sent a message recognizing it. >>> maryland is getting millions back from the federal government for a presidential inauguration cause -- it cost that

it represents something else when talking about bernie madoff.l, you can fill in the blank. >>> what is the president going to say to congress. we'll talk to john podesta coming up. i know landscaping, but i didn't know how wireless could help my business. i just don't know how wireless can help my business. tara showed me how i could keep track of my employees in the field and get more jobs done faster. i was blown away. i'm blown away. only verizon wireless has small-business specialists in every store to help you do business better. we should get you a hat. now buy any blackberry, like the new tour, at our lowest prices ever, (announcer) what are you going to miss when you have an allergy attack? achoo! (announcer) benadryl is more effective than claritin at relieving your worst symptoms. and works when you need it most. benadryl. you can't pause life. we're not ceos making millions. we don't have golden parachutes or option plans. what we have is our hands, our hearts, and our work ethic, we are america's workforce. the men and women, who kee

and bernie was almost oblivious.had been caught in the largest ponzi scheme, he was going through. what boards do i have to resign? told that one of his victims had committed suicide. madoff's reaction, was, well that guy couldn't pick a stock if his life depended on it. almost as if he blamed the victim. >> low do you know this? >> we had people that gave us inside access. we have a very good picture in this book of what was going on. >> another portrait you paint, is ruth's relationship to their two sons. and he's called their behavior unconscionable and outrageous? >> they're furious with the sons. and the sons claim they did not know until the day before the arrest. madoff took them to the apartment. revealed he was a fraud. they were upset. one was on the floor crying. he said, give me a week before you turn me into the fbi. and you turn me in, so you look innocent. they went to the lawyers and said, we're going to prosecutors right now. they went that day to the prosecutors. and their lawyer said, don't take to

i just can't believe these people who are victims of bernie madoff. it's like the hurt, there is no end to it. thanks so much for joining us today. we appreciate your time. >> thanks for having me, rick. >> two road side bomb attacks claiming the lives of five more soldiers in afghanistan. a threat not only to our troops, but to civilians and afghan security forces. but now the pentagon is stepping up the fight with a special squad of soldiers. their mission? to take down the taliban by cutting off its chief money supply, drugs. colonel oliver north has more from afghanistan. >> we just love after spending several deface a virtually unreported unit in this global war on terror. the d.e.a. foreign deployed advisory and support team, fast. this unit was brought here to rapidly exploit hard intelligence with direct action and that's just exactly what they do. last night we went on a raid with fast team a alpha, special operations command in afghan commandos on a capture kill mission to take down a kingpin in the taliban's opium support network. under cov

we'll have a first look at how bernie madoff lived thanks to his ill gotten gains.day, finally! dinner with the girls tonight. mmm... mexican, or italian? i really want dessert tonight. i better skip breakfast. yep, this is all i need. ( stomach growls ) skipping breakfast to get ahead? research shows that women that eat breakfast, like the special k® breakfast, actually weigh less. the special k® breakfast, now in blueberry. so why skip? when you can eat all this... and still weigh less. victory is... sweet. >>> here's a look at today's weather. it will be another beautiful autumn like today everywhere from the midwest to the northeast coast line. the southeast can can expect some showers, it will remain hot and dry in the southwest. >>> here's another look at this morning's top stories. more than 100 homes have now been destroyed by wildfires in california. the largest fire north of los angeles has burned at least 53 homes and threatened 12,000 more. >>> and there are more disturbing details about the life of the man accused of abducting and sexually abusing jayce

bernie goldberg on that. >> what do you think about the health care bill? >> i think the racist in the right wing upset because poor people are about to be helped. bill: he is back and still angry. reverend wright checks in on national health care. caution, you are about to enter the no spin zone. the factor begins right now. [captioning made possible by fox news channel] captioned by the national captioning institute --www.ncicap.org-- bill: hi, i'm bill o'reilly. thank you forever watching us tonight. putting american cia agents in direct danger. that is the subject of this evening's talking points memo. you will remember the valerie plame situation where the former cia operative was publicly named in a weapons of mass destruction controversy. remember that? well, led by nbc news and the "new york times" the left wing media went news and ultimately scooter libby, a top advisor to vice president cheney was convicted of a crime. now we have a situation far worse and the left wing media is silent. a group calling itself john adams project affiliated with the

the sec received information that should have led to the quick end of bernie may dover's ponzi scheme -- madoff's ponzi scheme. >> reporter: the sec said they launched investigations into madoff but nexperienced agents failed to follow-up obvious leads and were derailed by madoff himself. >> he knew which buttons to push. he knew how to impress the exrs and he -- examiners and he knew how to get them off the track that would disclose the ponzi scheme. >> reporter: current sec chairman mary shapiro who cook the reigns -- reins two months after madoff was arrested says she's trying to make the necessary changes at the agency to tie and avoid another madoff scam from happening again. in washington, i'm adam shapiro, fox news. >>> a california assemblyman caught on tape and now taking the fall. the lawmaker got busted chatting up a colleague about various sex acts with two married lobbyists. however assemblyman mike duval says his decision to resign is in no way an admission to having an affair, only what he calls inappropriate story telling. here's a sample. [ inaudible ] >> duval also m

admits it failed to protect investors from bernie madoff and the biggest ponzi scheme in history. the comments come as a taped madoff phone call surfaces. with the swindler bragging about how easy it is to fool regulators. >> susie: president obama ignites fresh debate over health care reform. tonight we talk with health care expert steven ullman about the realities of getting reform passed this year. >> paul: after four years at the helm of morgan stanley c.e.o. john mack announced today he's stepping down. but he isn't going very far. >> susie: reviving the family business with whacky commercials. tonight our signature series "all in the family" introduces us to the smithe brothers of walter e smithe furniture. >> paul: i'm paul kangas. >> susie: and i'm susie gharib. this is "nightly business report" for thursday, september 10th. "nightly business report" is made possible by: this program was made possible by contributions to your pbs station from viewers like you. thank you. 7//& >> susie: good evening, everyone. "we're sorry and we're fixing the problem." that was the respons

. >> inside the life of disgraced billionaire bernie madoff. the mansions, custom yachts, fancy clothes. an upclose look where he spent his lareedom. >>. >> before the break we were talking about the hubble telescope. we were talking about an astronaut who was on the original mission. they cued up the video. we'll have the full story at 5:00. the kids there asked a number of interesting questions. >> such as? >> what do you eat in space? how do you dress in space? what's the coolest part about being an astronaut? that's him there. he was in town. >> how do they stay in one spot? >> he talked a little bit about zero gravity. full story at 5:00. >>> the forecast now, i guess. >> back here on earth. veronica is here in the studio with the latest. the rain's gone away. we have a little sunshine. >> just a little bit of sunshine in a lot of neighborhoods today. that's takinthe temperature up. a lot of green across the area with all that rain we've been getting. especially down south. green here, but let me take you somewhere where maybe the season i

. >>> we'll hear audiotapes from bernie madoff talking about the regulators who are supposed to keep watch. >> we know who will fill the "american idol" chair. >>> welcome back to news4 at 4:00. it's 4:30. i'm pat lawson muse. >> i'm keith garvin in for jim handly. >>> a metro worker is clinging to life after being struck by a train this morning. it happened between braddock road and reagan national airport. the worker was medevaced to the hospital. metro launched an investigation into what train hit the worker and if the worker was where he was supposed to be when the accident happened. >>> an ashburn, virginia, man was arrested for dui after crashing his car into a dump truck. the passenger was killed. police charged justin schuback for hit-and-run. >>> joe wilson apologized for his behavior last night during the president's speech on health care. in an outburst, wilson accused president obama of lying about part of his reform proposal. wilson called the white house staffers to apologize to the president. he said they agree the debate on health care needs to be a civil one. >>> the

to help guard against it the state employees and even the governor rolled up their sleeves in glen bernie to get vac nationalled. it's specially important to protect against seasonal flues because they could be busy dealing with the swine flu. >> they are working through the most vulnerable populations first so that we can protect as many of our it sense as we can and limit the death that inevitably will come every year from flu season. >> he says this was the first time he has received a flu shot. we're told he was very brave. state health officials say seasonal flu has already been detect in the state a few weeks earlier than usual. >>> if you are a veteran and want the shot, they are holding several drive-through clinics from 9:00 until noon at the glen bernie outpatient clinic and saturday, october 17th, from 9:00 until one at the baltimore va medical center parking garage. for more information you can log onto our web site and click on "links." and a little reminder that the first seasonal community flew clinic has been canceled. it was scheduled to take place tomorrow at ripken stad

. >>> how did bernie madoff pull off the largest upony scheme in history. >>> we'll investigate that.er a light yogurt like no other. activia light! delicious, fat free, and above all... the only one that has bifidus regularis and is clinically proven to help regulate your digestive system. activia light. ♪ activiaaa! discover a light yogurt like no other. activia light! delicious, fat free, and above all... the only one that has bifidus regularis and is clinically proven to help regulate your digestive system. activia light. ♪ activiaaa! >>> all right. we're five minutes away from 6:00. good morning maryland. if confour husband were still alive, he would he would have a lot of candles. >> hundreds of performers honored his 2560th birthday in china. 10,000 people attended the ceremony, built by a grandson in the early 14th century. confucius included positive self discipline, maintaining harmony in your family life and peace in the world. think about that. happy birthday. >>> all right. coming up next the 6:00 news. we hope you will join us. >>> and things are looking great for you as

only the federal oversight committee. >> all right, like the sec with bernie madoff. >> well, bernieoff got away with it because the sec under republican chris cox wouldn't investigate it, that's why he got away with it. >> that's the government regulation, government regulation does not solve the problems competition does. if blunt belonged to a health insurance company that threw me off when i got hit they would hear about it, magazine articles. not just people being me-- >> why is it easier to get-- >> there's nothing wrong with strict oversight. you're going to hope that people are going to hire competent people. >> makes people think they're being protected, they're not. >> you said you like the south carolina, congressman wilson yelling out. >> yes. >> at president obama. yes. >> now, what if a liberal democrat had yelled out at president bush at one of his speeches, you wouldn't like that. >> well, they do, they do all the time and the difference is, the they just boo generally. last night, we had obama telling lie after lie and you began your talking point saying you want to

another piece of evidence from bernie madoff. >>> and foreclosure rates are hovering at record highs, but there's a bright spot. i'm racing cross country in this small sidecar, but i've still got room for the internet. with my new netbook from at&t. with its built-in 3g network, it's fast and small, so it goes places other laptops can't. i'm bill kurtis, and i've got plenty of room for the internet. and the nation's fastest 3g network. gun it, mick. (announcer) sign up today and get a netbook for $199.99 after mail-in rebate. with built-in access to the nation's fastest 3g network. only from at&t. a man who played second base here some 45 years ago. actually, 47. ladies and gentlemen, mr. larry mccarthy. amidst today's financial turmoil, our sophisticated wealth transfer strategies... and philanthropic expertise ensure your legacy... is passed on to family or your favorite pastime. ♪ northern trust. wealth management. asset management. asset servicing. so, what's the problem? these are hot. we're shipping 'em everywhere. but we can't predict our shipping costs. dallas. detroit. differ

bernie madoff. his beach house. we are told that the spacious beach house sold for more than $8.50 million. that was well above the asking price, although we do not have the exact figure. there were reportedly several bids. next up, the manhattan apartment of bernie madoff and his home in palm beach, florida. bernie madoff is in prison, serving 150 years. police have found bones, more boats, in the yard of philip garrido, and cops say they are not clear on whether or not the bones are from a human being, -- they have found more bones. he is accused of kidnapping and 11-year-old jaycee le dugard, and cops say that he hit her in the yard and abused her for all of those years. beijinghe dogs hid her in the ya -- he hid her in the yard. we are speaking this hour about another girl. these two women lived about one hour from that man's home, and with us now is a friend of that little girl who was kidnapped that many years ago. she is our guest allies. it is nice to talk to you. thank you. >> hello, shepard. >> as bad as l

like the sec with bernie madoff.ill: bernie madoff got away with it because the sec under a republican chris cox simply wouldn't investigate him. that's why he got away with it. >> that's the government regulation. why do you keep thinking a different regulator will be better? government regulation does not solve these problems. competition does because if i were to belong to an health insurance company that threw me off when i got sick, people would hear about it. there would be magazine articles and i don't mean it being me. i mean people -- why do you never not have problems like that with your apple computer. why is it easy to go to a genius bar and get it fixed? because there is competition bill o'reilly. bill: there is nothing wrong with having district government oversight and hoping they hire people to enforce it? >> no. it makes people think they are being protected and they are not. bill: you told those guys you liked that south carolina pinhead congressman wilson. >> yeah. bill: yelling out at president ob

bernie madoff, an investment scandal that lost billions. he is now high profile but con artists are unking smaller scams like that under the radar. >> people are desperately looking for other sources of income. they hear something too good to be true but they want to believe it. >> the cons get you to be that by investing money you'll get a huge return. they often prey on people without a lot of knowledge about finance. and in the end the profit comes not from a product but from pulling in other investigators who hand over even more money. >> the only people who benefit are the people who started out at the very top. >> reporter: here is why. the guy at the top pulls in investors who then recruit others. and is able to pay big returns by shuffling the funds he has taken in from new investors, not from actual profits. the circle of investors is often kept tight with the main focus on getting the original people to reinvest so the money stays put. but these scams can quickly crumble when authorities get involved or when stakeholders start dem

bernie madoff coaches colleagues on fooling regulators. you'll hear the just-released tape. >>> yale university police looking for help in their search for a missing graduate student. she was last seen tuesday. she's reportedly supposed to get married this weekend. >>> plus, our dr. sanjay gupta airborne with an elite medevac unit on a mission to save lives on the front lines. >>> good morning, everybody. i'm heidi collins in new york today. it is thursday, september 10th, and you are in the "cnn newsroom." >> the time for bickering is over. the time for games is past. now is the season for action. now is when we must bring the best ideas of both parties together and show the american people that we can still do what we were sent here to do. now is the time to deliver on health care. >> the president speaks, the nation listens. a snap poll shows the prime-time address achieved its goal and boosted public support. >> there are also those who claim that our reform efforts would insure illegal immigrants. this, too, is false. the reforms -- t

s failure to ferret out bernie madoff's decades long fraud. with everything we know about the scope and scale of the fraud, i was still stunned by the details of your report. in fact, i'm starting to believe that the only thing more amazing than the size of his poncey scheme was the failure of the s.e.c. to catch him. like the old saying goes, the s.e.c. parent my couldn't hit the broad side of a partner, if you gave them a shotgun and directions. and in fact, we'll see later from mr. mar cop liss, i read the -- the what he sent to the s. crefment. it was almost like color by numbers. they only had to color in the number six little lines and they would have found the whole thing. it is amazing. as you absolutely made clear, there was so many warnings and inconsistencies, you would think that the madoff fime file would have been one giant red flag. and yet, time and time again, tips were ignored, inquiries were way laid, he was able to bull yit agency into submission before full investigations were even started. just breathtaking. i worry not o

let's talk with a trader with sutland equities and bernie mcsherry. both with us this morning and now both back. bernie, this tax on trade, you know, the idea, who knows whether it's really going to happen, but it is gathering some steam. >> yeah. i think it's a recognition there's a certain segment of high frequency traders that have been profiting due to changes in the system over the last few years. i think rather than go ahead and tax these folks, it's probably time to reassess the current state of our market structure. we've seen a lot of automation in the market, a lot of rules have been altered, but we're having these little problems creeping and you popping up. i think rather than fixes the problem through taxation let's look at the whole system. >> what do you say, dan? if there were to be a trade and let's just say it was 0.1%, would it really hurt anybody? >> well, actually, erin, i think that it would. from an options trading standpoint, we operate really on such razor thin margins on the opss floor. and at high volume. when you're talking

learned today of a story from wealthy malibu, california that adding insult to injury for victims of bernie madoff's ponzi scheme. as the los angeles times reported, a married couple lost their life savings to madoff, and then lost their $12 million beach house. now, they learn their home has been turned into a banker's party house. here's brian rooney. >> reporter: the couple that owned number 106 in the malibu beach colony lost their fortune to bernie madoff. they had to turn over the keeps for their beach get away to the wells fargo bank. it's a touch house to lose. here's the living room. the kitchen. master bedroom. it was sitting empty, and sitting on the bank's books. the brokers trying to sell it were having trouble getting permission to show it, and neighbors noticed someone was using it as if it were their own. >> there was this huge party, and there was a big yacht offshore, and there was a dingy going back and forth taking all these people. that got everyone's attention. you usually don't see that. >> reporter: curious, residents learned through their security force that the hou

it's part of our break through segment when we come back with bernie sanders. (voice 2) how bad is it? (voice 1) traffic's off the chart... (voice 2) they're pinging more targets... (voice 3) isolate... prevent damage... (voice 2) got 'em. (voice 3) great exercise guys. let's run it again. every head. every bite. every gallon. every shoe. every book. every cereal. well, maybe not every cereal. but every stem. every stitch. every tune. every toy. pretty much everything you buy can help your savings account grow because keep the change from bank of america rounds up every debit card purchase to the next dollar and transfers the difference from your checking to savings account. it's one of the many ways we make saving money in tough times a whole lot easier. >>> we welcome you back. you heard the president tell us what he wants health care reform to look like. but let me ask you a question. does it really matter what the president wants it to look like? or is it really more important what the health industry and lobbyists even those who back the president want it