two men tell espn that robert bobby dodd molested them back in the 1980 when they were playing on dodd's aau basketball team. police in memphis, tennessee opened an investigation. no comment from dodd who is battling colon cancer. >>> in oslo, norway today three women took center stage accepting the nobel peace prize. the women are being honored for their individual fights against injustice, dictatorship and sexual violence in libya and yemen. >>> congress is still focused the payroll tax cut. democrats and republicans have competing plans. president barack obama is pressing lawmakers to cut a deal, but even with that he acknowledged to cbs news there's no quick fix for the economy. >> did you over promise? did you underestimate how difficult this was going snob. >> didn't overpromise and i didn't underestimate how tough this was going to be. i always believed that this was a long term project. this wasn't a short term project. and, you know, for individual americans who are struggling right now, they have every reason to be impatient. reversing structural problems in our economy that ha

does that increase that dodd-frank could be repealed?it increases the odds. >> i think there is a lot of fixes that have to be made. you recall when he was creating it was about taxpayers behind housing. what they gave us was derivative trading among other problems love. [ laughter ] >> there are a lot of these issues that anyone in the public they need reform. you have to fix a lot of these problems that went unaddressed while they spent 2300 pages pursuing their liberal social policies. >> all these congressman think they have legacies and glass eagle, two congressmen lasted for 50 years, dodd-frank is not going to last for 50 years. it will be taken apart piece by piece. >> paul: and it was signed by bill clinton. when we come back. with the approval rating in the single digits, members of congress are battling accusations of insider trading accusations of insider trading but are the charges fair? [ men grunting ] [ male announcer ] great things can come out of sat. ♪ so don't let odor stop you. gillette odor shield. turns odor into f

two men tell espn that robert bobby dodd molested them back in the 1980s when they were playing on dodd's aau basketball team. cnn george howell is in memphis. he joins us now live. so, george, what more, if anything, is being said about these allegations? >> reporter: fredericka, we just got off the phone with police. they say there's an active investigation into bobby dodd. the amateur athletic union is one of the largest sports organization in the country. two men spoke out claiming they were sexually abused back in the 1980s by dodd. one of them spoke anonymously. frank west spoke out. said he was sexually abused six times while a teenager. listen to what he told "outside the lines." >> i was dead asleep and i don't remember anything but waking up and he has -- he's trying to put his hand in my boxer shorts. i jumped up straight out of bed and he's not there but he's laying on the floor next to me down by the bed and of course i was freaked out. >> how did he get in the room? >> he had a key. he always somehow had a key to whatever room i was in. >> we are just starting to see bits an

dodd denied the allegations when confronted but the aau saw fit to tell dodd to leave his post and not return. george howe, they must have found something to force dodd out. do we know what that was? >> reporter: don, at this point that does seem to be the case. in fact, we are learning new details as we examine the time line of events. how long did this group know about these allegations before making the call to contact police? now, what we do know is that two men spoke publicly to espn outside the lines to share their story about the alleged sexual abuse that happened back in the 1980s when the men were teenagers. what we learned is that a third person may have also contacted that group with similar complaints but it all goes back to the timeline. on november 7th and 8th, this group apparently received anonnous e-mails about a source only known as shrimp breath. again, it took a little over a month before the group decided to call the police. we asked the group's hired spokesperson, ron sacks, exactly why it took so long. listen. >> there was no specificity about an individual that

two men tell espn that robert bobby dodd molested them back in the 1980 when they were playing on dodd's

does that increase that dodd-frank could be repealed?reases the odds. >> i think there is a lot of fixes that have to be made. you recall when he was creating it was about taxpayers behind housing. what they gave us was derivative trading among other problems love. [ laughter ] >> there are a lot of these issues that anyone in the public they need reform. you have to fix a lot of these problems that went unaddressed while they spent 2300 pages pursuing their liberal social policies. >> all these congressman think they have legacies and glass eagle, two congressmen lasted for 50 years, dodd-frank is not going to last for 50 years. it will be taken apart piece by piece. >> paul: and it was signed by bill clinton. when we come back. with the approval rating in the single digits, members of congress are battling accusations of insider trading but are the charges fair? there is a debate ahead. otter so you really get a good sear and it locks in the juices. surf & turf -- you n't go wrong [ male announcer ] don't miss red lobster's surf & turf

dodd is no longer the president of that group. they have brought in a new interim president ar, lewis sto. they say at this point they don't know exactly dodd's whereabouts. >> george, these allege incidents, did they happen before or after dodd became head of the aau? >> you know it's still not quite clear, don, whether it was before or after. we do know that dodd was a youth coach here in memphis for the ymca, worked with many kids here in the area. so clearly investigators are looking into that, but for several decades he was the president of this big national organization, big nonprofit, for youth sports. >> thank you very much. we appreciate your reporting. >>> news overseas now, the conflict in syria shows no sign of ending. the arab league meets again this week desperate for a way to end the bloodshed. these pictures are said to be from today, though cnn can't confirm the authenticity of this video. activists say at least 16 people were killed, but a full-scale assault that may be in the works didn't happen. pro-democracy a

since the passage of dodd-frank, you have testified numerous times against changes in dodd-frank andt into europe any times to lobby their regularly. in fact according to your written testimony you will be meeting with foreign regulators on thursday. chairman gensler, in all candor, don't you think if you had spent less time protecting your political turf, your regulatory turf and more time protecting customers and overseeing firms like mf global, it's less likely that mf global would be where they are today and the customers money would not be missing? >> senator, i think it is about protecting the american public is what the cftc does every day. prior to dodd-frank and after dodd-frank, it's about ensuring that and users and their customers get the benefit of these markets, lock and a price into what they do well. we are an agency that relies heavily on self-regulatory organizations. we are only 10% larger than we were in the 1990s. >> making you larger does not make you better does it? >> not necessarily. we agreed on that. we have to be more efficient with technology, use the col

two men said they were abused by dodd. george who swell in memphis. joining us on the phone right now. what more is being said about this investigation? >> reporter: both men said they decided to speak out, basically, start talking to family members and speak publicly in light of the same sex scandals at penn state and syracuse universities. memphis police tell us there's an active investigation into the alleged actions of robert bobby dodd the now former president and ceo of the amateur athletic union which is one of the largest nonprofit organizations in sports. the investigation comes after two former players now grown men came forward espn outside the line alleging that dodd touched them inappropriately when they were teenagers playing for one of his teams here in memphis. one of the men spoke anonymously to espn. but ralph west in miami spoke publicly. he said he was sexually abused six times in the 1980s, sneaking into the hotel's hotel room when the team traveled out of town. dodd drugged him and suing gived to pay him $1,000 to perform a sex a

the stated goal of dodd frank was to make sure that the financial collapse of two thousand and eight could not happen again and while the bill did impose regulations requiring largest banks to be able to survive the thirteen percent unemployment rate another twenty one percent drop in home values and if the two percent loss in stock markets did not address the concept of too big to fail leaving the banks larger than ever but if the federal reserve had not kept quiet about the seven point seven trillion dollars in loans totaling half the u.s. economy we might have seen how unsound the banks really work so when dodd frank has been stronger than it is today well tim davis said congress did not want to know the truth they were sucking the cash cow system and barely came had time to come up for a berth for said dodd frank should have been more harsh these bankers need to be sharing a cell with bernie made off now to lawyers said it would have made and it wouldn't have made any difference the majority of congress serves the big banks will putting on a kooky show for the citizens it was int

robert dodd who is undergoing cancer treatment was immediately removed from his post.e's a statement from the interim president louis stout. >> i want to make it clear that bobby dodd is no longer president and executive director of the aau. the organization has no continuing contact with him. and he has no continuing association with the organization and its programs. finally, we are urging anyone in the aau community who has information about any incidents of inappropriate behavior or abuse to contact law enforcement and the aau. >> tonight cnn george howell has the latest for us from memphis where these incidents took place when dodd was a sports director at a local ymca. george? >> reporter: memphis police confirm there's an active investigation into the former president and ceo of the amateur athletic union, robert bobby dodd. this investigation started after two men decided to confront dodd and share their stories on espn's "outside the line" claiming that dodd sexually abused them back in the 1980s when these men were teenagers. both say they decided to speak ou

incidents happen before or after dodd became head of the aau? >> well, it seems that dodd was also a coach, director rather, of the ymca here. that is apparently when things happened. according to the men in this espn report. but again, dodd has been head of the aau for a long time and at this point investigators just looking into his history. >> thank you, george howl. we appreciate it. >>> the arab league will discuss the crisis in syria. new video underscores how time may be running out for pro democracy activists. >> the pictures you're looking at show a crowd bearing the body of a ten-year-old boy. protesters say he was killed by a sniper's bullet as he sat in a house. they carried limb to a graveyard where he received a hasty funeral. protesters warned that military surrounded homes and could be ready for full scale attack on residents. activists say at least 16 people have been killed today. >>> russia witnessed some of the biggest antigovernment protests today since the fall of the soviet union. tens of thousands defied authorities and i

. >>> two former basketball players are accusing ex-amateur president bobby dodd of molestation. the claims date back to the 1980s. the players in their 40s say the penn state sex abuse case prompted them to confront dodd in november. directors in the community where dodd once coached say they're shocked. >> they come at us for protection and trust, and once you violate that, as an authority figure, i mean, it's -- you know, doesn't sit right with me. >> the memphis police are locking into the allegations. dodd has colon cancer and will not return to his position. >>> occupy protestors have been evicted in business ton. 46 people arrested today as police dismantled the occupy boston camp. mayor menino set a date to remove the camp saying it was a public health and safety hazard. it took crews about an hour to clean it up, and take away all the tents. demonstrators were forcibly removed from similar sites, and new york city, los angeles, and philadelphia and san francisco. >>> across the world more than a half million people have been able to buy homes thanks to habitat for humani

dodd has chancer and left the organization. he hasn't spoken. aau which does not require background checks says it is reviewing policies and trying to find out if there are anymore victims . >> we are urging anyone in the aau community who has information of inappropriate behavior or abuse to contact law enforcement and aau. >> reporter: the organization that tries to use sports to teach kids to be good citizen finds they may have a lot to learn. >>> three year search for britney has ended. remains of the 21-year-old were found over the maryland line in delaware. doctors identified her by using dental records. two hunters in a wooded area made the discovery. she was last seen by her mother in 2008. >>> it is bad enough to rob a good goodwill store. it is worse when you find out who was charged the 29-year-old is charged with robbing two goodwill stores three times in about a week's time. right now he is locked up in the baltimore county detention center. for 25 years he was you are a voice of a vatican christmas midnight mass. cardinal foley die

one of dodd's accusers spoke with espn. >> i was dead asleep. and i don't remember anything but waking up and he has his -- he's trying to put his hand in my boxer shorts. and i jumped up straight out of the bed, and he's not there, but he's laying on the floor next to me down by the bed. >> reporter: nbc news has been unable to reach dodd for comment on the accusations but can confirm tonight he's been replaced as the president and ceo of the organization. the aau is taking the allegations seriously and cooperating with memphis police who are also investigating. experts say the string of high-profile public accusations over the last couple of months have empowered other potential victims to come forward. in fact, in the week after the penn state scandal broke, calls to a state child abuse hotline doubled while reports to a national hotline have now grown by 54%. >> i believe this is truly the tip of the iceberg in reporting. victims who have not reported anything primarily because of shame now feel that they're no longer alone. >> reporter: com

it is what cftc does every day prior to dodd-frank and after dodd-frank. it is about ensuring users and customers get the benefit of these markets to market a price and do what they do well. we are an agency that relies heavily on self-regulatory organizations. we are 10% larger than we were in the 1990s. >> that doesn't make you better. >> absolutely. we agree on that. we need to be more efficient. technology better. use the collaborative process with other regulators here and around the globe and enter memorandums of understanding having mutual recognition with those international regulators. we are a small regulator that has to leverage off of the self-regulatory organizations and other regulators. i think that hard-working staff at the cftc is there. as chairman i take responsibility for those things that do well and those things that do poorly. i do take responsibility in this job seriously. >> do you believe that the cftc has failed the american people as far as mf global is concerned? >> i am not participating in the matter but let me answer general

days after getting the e-mails and phone calls the board convened, confronted dodd, and dodd apparently denied repeatedly any connection to these allegations but did admit that he was contacted by an anonymous source. again, the board made the decision to remove him from his post, and we've been checking around for him here in memphis. we knocked on several doors, checked in orlando, but no sign of dodd, who is suffering if colon cancer. no idea where he is at this point, but an investigation under way. >> undergoing treatment for cancer treatment we're told, too. that's right. thank you so much. >>> meantime, the penn state scandal, what assistant coach mike mcqueary saw in the locker room showers has surface pd. it's different than provided to investigation. mcqueary told family friend, a doctor, that he heard sex sounds, end quote, coming from the shower. saw a young boy stick his head out of the shower and later jerry sandusky left with a towel on. mcqueary told the grand jury he actually witnessed rasandusky raping a young boy. >> a preliminary hearing expected to begin in the morn

frank though i think the problem i mean there are a multitude of problems that dodd frank and this is just one of them and it's unfortunate that it passed and i think that now they're saying wow we made a mistake passing this and i do you know humans are saying that democrats are all in favor of you know what i expect the consumers and i'm focused on israel i was protecting badgers i think even democrats i see problems with thought frankly i mean why can't can you point to why me i don't really have a major actually on the major actor in dodd frank is this crazy consumerism or fun to work i can grow this bureau protect consumers which is going to as soon as the first director is confirmed it spins out of its incubator state at treasury and then is then moved to the fed which you were citing before when it's at the fed it's virtually immune from crew aggression all unpresidential oversight is not true to see if he is is a creature of congress it's a product we just of household it walk on but even without this. congress but even without this bureau established i'm sad frank place a lot

the allegations against bobby dodd date back to the 1980s. two men told espn that dodd molested them when they were boys, between the ages of 12 and 16, while they stayed at hotels tournament tournaments. >> he had a key. he always somehow had a key to whatever room i was in, because that was his m.o. was coming in in the middle of the night when you're asleep and trying to assault you. >> the aau, one of the biggest volunteer sports organizations in this country, has also launched an investigation. dodd is currently on medical leave and the aau and says he will not return to his job. >>> former penn state football coach joe paterno is hospitalized with a broken pelvis. he fell at his home on saturday and reinjuring the broken pelvis he suffered in august when he was hit by one of his players during practice. paterno was fired by penn state following allegations of sexual abuse involving one of his former assistants jerry sandusky. a key prosecution witness in the case is expected to testify tomorrow. anna werner reports. >> reporter: former

a second former player who wants to remain anonymous claims dodd molested him when he was 12 years old. >> i was dead asleep and i don't remember anything but waking up and he has his -- he is trying to put his hand in my boxer shorts. >> we are urging anyone in the aau community who has information about any instances of-appropriate behavior or abuse to contact law enforcement and the aau. >> reporter: dodd denied the allegation when confronted about "-- by officials. left the organization and police are investigating. sherrie johnson abc2 news. >>> joe paterno is in the hospital this morning. word from someone close to the family says he is fractured his pelvis after a fall at his home. paterno turns 58 on december 21st -- 85 on december 21st. and he is undergoing treatment for a treatable form of cancer. >>> republican presidential candidates traded jabs. perry insisted romney supports the requirement that all individuals have health care coverage. check out this exchange. >> i read your first book. and it said in there that your mandate in massachusetts which should be the model fo

his memphis basketball team was on a youth league trip when he says his coach bobby dodd came into his hotel room and sexually assaulted him a second former player who wants to remain anonymous claims dodd molested him when he was 12 years old. >> i was dead asleep and i don't remember anything but wake up and trying to put his hands in my boxer shorts. >> we are urging anyone in the aau community with information about any instance of- appropriate behavior or abuse to contact law enforcement and the aau. >> reporter: now dodd denied allegations when confronted by aau officials and left the organization in november and police are investigating. sherrie johnson, abc2 news.>>> we are standing by for an update on the joe paterno. he fell and broke his pelvis during the weekend according to a report. he will be turning 85 later this month and is undergoing radiation and key my therapy for what the family is calling a treatable form of lung cancer. >>> the iowa caucuses are coming january 3rd and republican presidential candidates are trying to catch newt gingrich and mitt romney making a c

that is what happened to dodd-frank. all these great ideas that came out in the beginning and by the time the lobbyists got done there was literally nothing left at all. it gotten eaten away in last-minute discussions and that is a classic example of how the public doesn't really see how real work gets done. all those things you saw on c-span and arguments on the floor of the house and it disappeared in the middle of the night in those committee discussions which is really sad. >> we had a point in time where they did pass. it is again very fast for now but when they did pass in 1933 they did create a somewhat more stable banking system/economic environment. so again the solutions exist. problem is getting them to happen. [inaudible] >> before that we had one other thing to talk about. thank you to the 10 that museum. we are grateful for going oprah winfrey but one person under their seats has two person membership for that. [applause] >> thank you so much. for such a spirited -- and great questions. spirited discussion.

amateur athletic union know about these allegations of sex abuse against its former leader, bobby dodd. what we do know is that two men came forward to share their stories on espn's "outside the lines," claiming dodd sexually abused them in the 1980s when they were teenagers. today we confirmed through the aau there may also be a third person who complained to that group with similar allegations. now, back to the timeline of events, what we were able to confirm today through the aau is that the group knew about these allegations starting on november 7th. november 7th and 8th when they received anonymous e-mails from a source only identified in the messages as shrimp breath. also they received phone calls. again, it took a little more than a month before they contacted police on december 8th. so today i contacted the spokesperson, the hired spokesperson for the aau, robert sacks, to ask him why it took so long to contact police. take a listen. >> there was no specificity about an individual that they could contact. no name, no phone number, no hard address, neither was there an offer in

the 63-year-old dodd left the aau last month. he's undergoing treatment for colon cancer. the aau says dodd denied the allegations when they first surfaced last month. >>> and national league mvb ryan brawn could miss the first 50 games of last year because he tested positive for a banned substance. synthetic testosterone was found in braun's system when he was tested in october. he is appealing the test. a spokesperson for braun said there were highly unusual circumstances surrounding the case and that the milwaukee brewers all-star will be cleared. >>> another sports story. a nasty one. look at this mess. this is a crosstown rival. became an all-out brawl. the end of the game between xavier university and their rival, university of cincinnati. this started shortly after xavier's point guard taunted players and coaches on the cincinnati bench. there will no doubt be suspensions after officials review this game. again, this happened just with about ten seconds left on the clock, at the very end of the game. xavier won. i want you to stick around later. we'll hear a couple

. >> reporter: that coach was bobby dodd. he would eventually become the head of that youth league, the amateur athletic union, one of the largest and oldest in the country. west kept his secret for decades but after the penn state scandal, he decided to speak out. he claims the aau ignored him, so he broke his silence to espn's "outside the lines." >> i was afraid to fall asleep when he was around. >> reporter: a second former player who wants to remain anonymous, claims dodd molested him when he was 12. >> i can remember him touching me in ways that i didn't want another man touching me. >> reporter: dodd denied the allegations when confronted by aau officials. he left the organization in november. police are now investigating. >> we are shocked and deeply concerned about these serious allegations. >> reporter: with hundreds of thousands of kids paratticipati in aau-sponsored events every year, parents are left wonder who they can trust? >> you have to check the coaches. you have to check who is leading those children. if y

this is the dodd-frank wall street reform consumer protection act. 2019 pages.pposed to protect us while allowing lending. will it? go back to our ceo's banker bob allen and bob whalen who prospered by borrowing money . these are not mean people who do does this protect us? >> no. it was supposed to be a systemic risk of too big to fail. no, it didn't touch that and only people they're slapping down. the bankers are on main street and not the ones that caused the problem. stop systemic risk too big to fail and protect the consumer. as you read that. it is not accomplishing that either. law of unintended consequences. >> what is scary about this bill, if you want to control the economy control the allocation of credit. that determines what gets built. what i think the administration is is stages. they want to control them in the back room and if it goes wrong blame the bankers. >> slap the kid in the back seat. the one that is quiet rather than the one that is raising cane. >> they don't know legal or not. >> i think you ceo's have done a lousy job. here's one mo

. >> bergman: christopher dodd of connecticut is the chairman of the senate banking committee. >> where were the regulators in all of this? >> bergman: he says that, for decades, both republicans and democrats voted for deregulation. >> look, i voted for it. >> bergman: you voted for the deregulation? >> yes. but we were wrong. and the message out there to the financial industry was, "go ahead and do what you want. the market will take care of this. the market will protect people." >> bergman: and that was the dominant ideology of the era, supported not just by congress and the white house, but by the alphabet soup of bank regulators, like the federal reserve, the occ and the fdic, all of whom rarely intervened on behalf of consumers. some people have said that we had the appearance of regulation, so people thought somebody was watching, but nobody was. >> well, that's a fact. we now know. there was a lot of regulator power and authority out there, but they walked away from it. it was an intentional decision where they literally knew they had the responsibility and made the conscious de

. >> more allegations and tennessee and robert dodd. ralph west said he was 15 when his team was on a youth league trip in 1983 and he came into his room and assaulted him. >> i was asleep, i don't remember anything but waking up he is trying to put his hand in my shorts twoeurbgs accusers said that the publicity from penn state's and syracuse, along with the citadel, prompted them to act. >> i'm not surprised, every time this happens, it causes people to relive their trauma. >> pat thomas provides support for people to hakeem olajuwon were abused. >> it is like a sore that as a crust on it but when this happens, it opens that wound up again. >> reporter: and he kept his secret for 30 years. he thinks the stories will unfold as victims find a voice. >> i believe it is the bravery and the courage of people who make a decision to come forward that gives other the courage to do the same. it's not too late. >> reporter: dodd denied the allegations when confronted. he left the organization in november. now police are investigating. thompson