both social security and citibank mailed apology letters, but the memory of having been killed off remains a bitter one for marjorie. >> it's a dreadful experience. you laugh and your friends joke, but inside you are feeling pretty sad about it. >> social security said it could be nearly error-free if every state participated in a system called electronic death registration. only 2/3 of the states do and apparently because of a lack of federal funding for the program. wolf? >> not a lot of funning coming in either. thanks for that. up next, bill clinton talks candidly to sanjay gupta about the health care that changed his life. >>> bill clinton is perhaps the world's best kploen r known heart patient. he had bypass and stents. he opens up about his health in a new documentary. dr. sanjay gupta reports the last heart attack. joins us is sanjay gupta, our chief medical correspondent. sanjay, it's really looking forward to your documentary, but this is an amazing story you have to tell about a lot of people, but the former president of the united states particularly. >> i think, wolf, the thi

citibank was one of the biggest recipients of federal bank bailouts.really piled troubled mortgage securities on their balance sheets, and that is why the government had to give them tens of billions of dollars, so now we're looking to citigroup executives to turn around s&p. that said, doug peterson was not intimately involved in mortgage-backed securities, and has long years of experience at citibank. he spent an important part of his career in japan when citigroup was facing scrutiny over there. so, you know, it will be interesting to see what he does at s&p. it's called i was going to ask about his japan -- host: i was going to ask about his japan experience. guest: the government there was holding all of these hearings on citigroup, and it was very tense and he did, just like right now. when you see s&p called before congress this fall, it is going to be heated, i can assure you. and doug he actually bowed in front of them to seek forgiveness. some people are pointing at that moment. i did not know if they hope he will bow at the people but they a

francisco's waterfront, and this is the bay area, and that they belongs to citizens and visitors of the citibank -- and that they belongs to citizens and visitors of that city. in claiming every square inch of the waterfront, what the proponents of done is say we have primary viewing areas, and they get serious about that. in order to preserve their rights, they call them secondary viewing areas, and they make things up to justify the proposed use. aquatic park is one of those identified as a secondary viewing area. if i call your attention to section 5.11 0.3 points to -- 5.11.3.2, they talk about short-term recreational uses. and they say -- accurately in theory -- that a short-term disruption does not necessarily mean a significant impact. they say if you have many bicycle paths and you restrict use of one, not a problem. they also talk about temporary disruption. that has nothing to do with the america's cup being proposed. we're talking about six weeks a one-year, nine weeks at the next year. if and when they win, at this event comes back. the course cuts off the shore line. president olagu

well i think i think at the heart of the matter minutes there's not citibank's out of control i think at the heart of the matter is physical violence because a lot of what has happened particularly and you know that i understand in the united states is is you have people who are afraid to say no because the result of saying no is physical violence directed at them or their families i mean we've had lots of people murdered and assassinated and cetera et cetera so the question is you know yes we have to say no but the question is how do we say no and that's why you know as has it comes down to shifting our money at the reality is is is we have a florist's are operating in the world that is completely operating outside of the war are and and no one has yet has come up with a way to stop it we're talking about my only violent master operations. but i never thought of apple a few is a personal example but i was a i was. you know i was a former assistant secretary of housing and i had my own business in washington and i i was helping the department of housing and urban development essential

morgan and citibank and bank of america those sorts of institutions against the american people nobody could be trusted with the power to destroy print. unlimited numbers of new hundred dollar bills in your basement and spend them on what you want well it would reveal of course absolutely the bankruptcy of many financial institutions but in order to get out of a depression the only way to get out is to liquidate the bad investments not have the government tax regular people to bail out the toxic assets of the big banks we have to have bankruptcies once we have bankruptcies and we have the return of reality then we can rebuild but as long as we have this phony baloney system punishing the average person for the rich guys connected to the government we're going to have more and more trouble and making this hour a look at why the only way out is an exit from your economic crisis. from spain where growing numbers and the whole still. sounds i want to thank again to get a grip on the mounting debt i'm touching on i'm finding. in india not everyone benefiting from the boom with some people t

the last two months as fruits and vegetables go cheap birds are used to seasonal factors meanwhile citibank is lower in its forecast for the country's g.d.p. for this year and that stupid civil or oil price although it says this could lead to a further reduction and inflation. that's all the business news for now for more stories head to our web site starts you don't call them slash business but in the meantime say it soon all the headlines with valerie. for the full story we've got it for. the biggest issues get a human voice face to face with the news makers on. the in. the libs. to. the be. the book. the bulk of the finance among bossidy. maximum priced. muslim efficiency. muslim maneuverability most navy asian decent to denmark's moscow's more famous here show on technology update here on r.g.p. we've got the future covered. british. find out what's really happening to the global economy. headlines tune in to watch. with. progress two. hundred. the streets of tripoli. but a complete collapse of security in the. oil rich. countries.

fallen in the last three months as fruits and vegetables go further to seasonal factors meanwhile citibank is lower in its forecast for the country's g.d.p. for this year and that students have a lower oil price although it says this could lead to a further reduction of inflation. that's all the business news for now for more stories that's our website starts you don't call this last business by the mean time say it's in for the headlines of henri. for the full six we've got it for. the biggest issues get a human voice face to face with the news makers and. the be. the best see. the be. the be. the bulk of the kumasi mumble mohsni. maximum frost. the maximum efficiency. comfort. her ability most initiation she says to the mosque mosque jails model famous here showing technology company here on a larger screen dump the future coverage. british scientists. let.

morgan and citibank and bank of america those sorts of institutions against the american people and i would say against the people of the world so we need a radical change and i'm going to ron paul is talking about well speaking of a radical change in return to sound money would that even be possible at this point or as legendary gold trader jim sinclair is that is that impossible that open pandora's box and derivatives that are still floating around the entire globe and reveal the lack of balance sheet integrity in the u.s. banking system where you can buy your assets at whatever you think they're worth. well it would reveal of course absolutely the bankruptcy of many financial institutions but in order to get out of a depression once that once the federal reserve is brought on a recession or depression the only way to get out is to liquidate the bad investments not have the government tax regular people to bail out the toxic assets of the big banks we have to have bankruptcy once we have bankruptcy and we have the return of reality then we can rebuild but as long as we have this pho

to gambling with your social security money and instead of just putting it in a checking account citibank which be crazy what they did was they bought treasury bills with treasury bills the debt of the u.s. government now the reason why president obama said that if the nation goes bankrupt if we you know if we hit the debt wall if the republicans. don't raise the debt ceiling the scary checks may not go out is that in order to get the money to pay those checks the social security department has to take those treasury bills and to the treasury department redeem them say here give me the cash and this and that and the treasury department has no cash so it wouldn't be able to pay the so security fund it so those security fund couldn't be passing out the money the real reason that social security is on the table and this is the really important issue the real reason why social security is on the table is because of lobbying from wall street bankers two point seven trillion dollars two billion seven hundred. it's like two point seven i came to do the math it's a million times and millions you

the reason why it's so disastrous is because corporate interests trump everything else so you have citibank ok you have goldman sachs funding so far these three democratic senators that are supposed to be in the super committee so what are they going to do are they going to really focus and fight on increasing taxes well they're not going to do that because they have you know they have corporate interests that have donated so much money to them and their political campaigns and you know keep in mind that with the super committee all you really need is a simple majority to pass whatever deal you're you know the republicans are trying to pass so think about the people that harry reid has chosen for the democratic side max baucus is a centrist that is what his reputation is ok he is known as a centrist he's willing to strike deals with the republicans in fact he has already come out during these debt deal negotiations and he has said that he is in favor of cutting funding to medicaid medicaid as long as we increase taxes except i think that he's disingenuous i don't think that he's really that

top executive from citibank. the controversial downgrade of u.s. debt earlier this month.sent shock wavers through global markets. there is a justice department investigation. they are investigating s&p about whether they deliberately boosted ratings on certain mortgage veysd to win more business. >> investigation into financial crisis, goldman sachs lloyd blankfein hired as defense attorney in response about his company's role in the financial crisis. a congressional report has accused of this ever them them misleading investors. >> and they say they are close to do a new service. it will be a limited basis start on this saturday. >>> airline passengers have some new rights starting today. new rules are meant to address complaints that airlines were overbooking flights too much and holding passengers on the tarmac too long. under new regulations, airlines are required to disclose all those add-on fees on their website that includes fees for checking bags and providing meals and cancelling reservations. if are bumped you could be given a voucher worth as much as double up

both social security and citibank mailed apology letters, but the memory of having been killed off remainl experience to go through. you laugh and your friends joke with you, but inside you feel pretty sad about it. >> social security says it could be nearly error free if every state participated in a computerized system called electronic death registration. but only two-thirds of the states do. apparently because of a lack of federal funding for the program. fredricka? >>> a look at our top stories now. two americans locked up in iran on spying charges learn today of reports that they have each been sentenced to eight years in prison. iranian officials say the two men crossed the border from iraq illegally. a third american was arrested along with the men, the iranian released her last year due to medical reasons. >>> an uncertainty is swirling this weekend about the near future plans for moammar gadhafi. a government spokesman says the long time libyan leader is not going anywhere despite rebel claims that gadhafi is asking the governments of several other countries for refuge. u.s. off

whose paperwork was handled by the docx forgery mill included wells fargo, hsbc, deutsche bank, citibank bank, and bank of america. we contacted all of them, and each said that it farmed out its mortgage servicing work to other companies, and it was those mortgage servicing firms that hired docx. docx was owned by a company called l.p.s., a $2 billion firm that calls itself the nation's leading provider of mortgage processing services. l.p.s. told us that when it found out about the phony signatures in 2009, it shut docx down. the fbi and several states are investigating. there were a million foreclosures last year, and there will be another million this year. those lawsuits are forcing open those bundled mortgage-backed securities that wall street cooked up in the mid-2000s, and they're exposing a lack of ownership documents all across the country. >> sheila bair: it's astonishing to me that this had become as pervasive as a problem that it is. >> pelley: it got sloppy. >> bair: it got very sloppy >> pelley: until recently, sheila bair was one of the government's top banking regulators-

he'll bring the glory of citibank with him.> steve: be on the campaign trail is no excuse for slacking off on summer reading. so what are the 2012 gop candidates reading and what can we learn about them based on their book marks? a senior fellow at the hudson institute and former deputy secretary of health and human services under president george w. bush joins us for the second day in a row from seattle. good morning to you. >> thanks for having me. >> steve: okay. i know you did a lot of research into what some of these candidates are reading. let's start with mitt romney. he has been reading "decision points, ," twilight, and the bible. twilight? >> in terms of "twilight," he is a sci-fi fan and he read "battlefield earth." i think it's a way for him to counter his reputation of being stiff and formal. but i also think you wouldn't mention that you read those type of science fiction fantasy books unless you really did like them and have an affinity for them. in terms of the bible, that's a con sendtive conservative move. bus

both social security and citibank mailed apology letters, but the memory of having been killed off remainsul experience to go through. you laugh and your friends joke with you, but you are feeling sad about it. >> reporter: social security says it could be nearly error free if every state participated in a computerized system called electronic death registration. only two-thirds of the states do because of a lack of federal funding for the program. alina. >> allan, thank you very much. >>> coming up, your home, your possessions, everything you own is swept away. then you find more than $48 million lying around in unclaimed, untraceable cold hard cash. >>> then the jetsons finding a home in china. take a look. a city straight from the future. we will take you there in the morning passport next. that one day on the red hills of georgia, the sons of former slaves and the sons of former slave owners will be able to sit down together at the table of brotherhood. i have a dream today! [ male announcer ] chevrolet is honored to celebrate the unveiling of the washington, d.c., martin luther king j

. >> i have to go over here to citibank for a minute. >> i don't necessarily have to go and stand innymore. i get all the information i need right here in my hand. >> don't you get something from being in the crowd? >> yes, you do, and you get something from being on the crowd in the opening and on the close. >> this week has been unusual. we had orders monday through yesterday and all day long, and all day long. >> what is next on your list for the final minutes of trading? >> what is next on my list i will run around to all the stocks in today and i will get the looks. >> you are hearing a lot of traders saying buy everything, we have five minutes left in the trading day. >> you see the brokers running around and checking the prices. for us today, we're good. >> that's what i do and it's part of my job to be the eyes and ears for the customer. hold on. >> on a day like yesterday, i only had time to execute all my orders because the orders were coming in so quickly yesterday, and today not so much. getting some now, as you see. but on the days where the orders are -- i am really get

but we had early news out of citibank where they kind of pulled back on their gdp expectations goingd this year. but basically that's been it it. out of washington, very light news, out of europe kind of light news today. more options. a lot of option trading. >> this is still a headline-driven market, a fragile market. it can really turn on a dime. >> right. we had a 200-move already, a little past 10 ooflt 30. these markets move so fluidly, quickly, like you said on a dime. >> are these green arrows going to stick today? >> it will be a tough day. remember options expire later on. you may see some of them winding. they have contracts and omgss and they may have to sell and equi equities. you may see pressure from 3:15 on to the close. >> get ready for the volatility to pick up. thanks, allen valdez. keira, back to you. >>> new doubts in the convictions of the west memphis three. and why after more than 15 years behind bars they could be going home today. that's next from the "cnn newsroom." [ male announcer ] it's simple physics... a body at rest tends to stay at rest... while a bo

there has been a lot of evidence that has come out that before the financial crisis, banks like citibank could create a mortgage bond, and they could go around to moodys, fitch, s&p, and say how are you going to raise it? then, only the ones that gave citigroup an indication that they were going to raise positively would get that business. so, it is something critics say really need to be changed. the party is getting the ratings could not pay for it. joe off of twitter says -- guest: at appears justice is looking to see if the ratings analysts were overruled. after the financial crisis, there were few reforms. the three big companies were left in an oligopoly. they did not have many changes and forced by washington. now, after the united states lost its aaa from s&p, there is momentum in washington. if the department of justice finds evidence of fraud, it is possible uc new legislation that takes a pair of scissors and cut apart the way these agencies operate. host: what we are talking about was not addressed in the dodd- frank legislation? guest: there were a few. the main thing would

the same thing citibank it. they are a 200 year old company, and they got all involved in these credit default swaps and all this other stuff. they took their eye off the customer, people buying homes, and almost lost their 200 year old institution. and now they're on this huge campaign -- their new metrics are let's keep 1 million people from foreclosing this year. and of the for many people we know we will for close on, let's try to preserve the credit and get them in a rental. those are metrics they have they're trying to achieve. stuff like that. they key is execute, keep your eye on the user, see what they need to do. myspace tripped up there. facebook seems of a really firm grasp of its users, but they also seem to have a, we're going to do whether you like it or not kind of attitude because we are really smart and we know it's the right answer even if you don't think you do. >> suppose you're building a new service or product that needed to be based somehow on the platform of "the social network" with the

sharma will leave his post which the end of the year replaced by the chief operating officer of citibank. beside's s&p downgrade of america's credit rating the agency is being investigated by the justice department for allegedly overrating mortgage backed securities at the height of the housing bubble. >>> in politics, new evidence that next year's presidential election could be too close to call. according to a new gallup poll, president obama is running neck and neck with the top four republican presidential candidates. he's ahead of congresswoman michele bachmann by four percentage points, 48 to 44. he's tied with texas governor rick perry at 47%. the president leads congressman ron paul by two percentage points, 47 to 45. and the president trails former governor mitt romney by two percentage points, 46 to 48%. >> speaking of mitt romney, might be fair to say that mitt romney's renovation plan is going to do little to change some people's perceptions that he's -- he lives in a rarefied environment. the republican presidential candidate is reportedly planning to demolish his $12 millio

the same thing citibank did. a 200-year-old company, and they've got all involved in these credit people swaps and all sorts of other stuff to tehran of the customers, the people buying homes and starting families and all this other stuff and they almost lost their 200-year-old institution. and now you're on a huge campaign. their new metrics are let's keep 1 million people from for closing this year, and up to 4 million people we know are going to foreclose let's try to preserve their credit and get them into a rental. those are actual metrics they have that they are trying to achieve, stuff like that. so the key is execute, keep your eye on the user, do what they need to do. and myspace tripped up. facebook seems to have a really firm grasp of its users, but they also seem to have a "we are going to do what you like it or not," kind of attitude because we are smart and know the answer is even if you don't think you do. >> and building a new service or product that needed to be based somehow as a platform of a s

so i used to get an ulcer for years in the fact that citibank was allow today send you your credit card bill and suggest june 21st as a default payday which happened to be on a saturday and say, okay, get a $35 late fee which for some people is a blow. .. then comes the decisions we actually make and from a lot of evidence, a lot of in your book we do it badly. so going back to gilbert there is data we spend a lot of money on bigger houses and faster and better cars. which is fun for 10 minutes before we forget we have them. having somebody arrange life in the way that is conducive to that is totally very helpful. >> whenever i hear you talk about your work or i read it, my reaction is, my god this is so simple and it could have such big and sanguine effects. what is standing in the way of us doing any of this? i think this is a question for both of you. we have research. it is not perfect. it can't tell us whether to withdraw from afghanistan. it is better than nothing. it does give us information. what is standing in the way of using it in public policy? >> this happened in the former