enron did not have to go bankrupt.de enron go bankrupt were made after skilling resigned. the decisions, he said, were made in october 2001. at that point, ken lay was in charge. he didn't say exactly what he was referring to, but we know october 2001 was a time of great turmoil at enron. they were unwinding some of those very special purpose entities backed by enron stock. they would have had to issue a lot of enron stock had they not unwound those entities. and we'll never know whether that might have saved enron. but in any case, andy fastow, who testified against jeff skilling in his 2006 trial, says jeff skilling was not responsible for enron's collapse. guys? >> scott, stay right there. don't go anywhere. the question is, how do two former employees who lost most of their savings feel about this? >> yeah they're with us now. sherry butler, diana peters. they worked at enron up until the bitter end. and combined, lost about $200,000 in their savings and 401(k). diana, you lost $75,000 in your 401(k). how does all

was enron systemic?firms get themselves tangled up, but the point being, you know, was there some kind of home bias by a lot of this happening in new york here? >> well, i think part of the problem was the government bailed out everyone but lehman. they needed the executive of those financial firms to work the firms back into health and pay the government back. so it was not politically popular for the department of justice to criminally go after financial executives as a matter of policy because for the most part we needed them to be restored to health. >> and sherron -- i'm sorry, go ahead. >> well, there's a sense i think throughout the country of injustice because those executives have ridden off into the sunset with tons of money, yet rank and file employees were left with nothing, and skilling still has enough money to keep legally battling the department of justice. that's why he gets his day in court today. so there's a sense of rank and file guy, the ordinary american, that rigged game that the

think, you know, was overdue and hadn't been scrubed in enough time. >> rose: that's the lesson of enron. >> that's the lesson. >> rose: siobhan gorman, alex gibney, hank paulson and jim turley when we continue. captioning sponsored by rose communications from our studios in new york city, this is charlie rose. >> rose: we begin this evening with a look at the leaks that have shed light onen the government surveillance programs. "the guardian" and the "washington post" announced that the national security agency had been collected phone records and u.s. data on u.s. officials. edward snowden came forward on sunday as a source behind the leaks. meanwhile, bradley manning faces trial for giving classified documents to wikileaks. the two incidents are among the biggest security breaches in u.s. history. joining me from washington, siobhan gorman, she has been reporting on the n.s.a. for the "wall street journal." here in new york, alex gibney, an oscar-wining film make we are a new documentary called "we still secrets." the movie takes a look at bradley manning, wikileaks founder julian ass

enron, a global energy giant, skilling, the ceo of said giant.ling in, the employees and the investors thrilled. and then in november of 2001, implosion. and those investors are and those employees, well, just about everything went up in smoke. not so thrilled anymore. skilling was convicted of fraud and conspiracy. he was sent to federal prison for more than 24 years. and he was the highest ranking enron executive sentenced. he's been in the can since 2006. but today, in a federal court in houston, skilling's sentence could be reduced by ten years. all of this part of an agreement with the justice department, it gets a wee bit messy, but this, skilling would waive his righted to future appeals. and he's agreed kindly to allow more than $40 million of his assets to be distributed to the victims of enron's collapse. thank you, mr. skilling. hln's legal analyst joey jackson here with his take on the indicate. why did he still have the $40 million when he went to the can if it's ill gotten gain. >> certainly a lot of what you have acquired through i

. >>> former enron ceo jeffrey skilling in court trying to get his sentence reduced. a federal judge expected to approve a deal that could free skilling in as little as four years in exchange skilling would drop all appeals and clear the way for more than $41 million to be distributed to the victims of enron's financial collapse. >>> stocks were absolutely hammered again yesterday a full day after the fed said it would eventually stop propping up the economy. >> scott mcgrew is working on it, can't really figure out why it took investors so long to notice. >> this is such a mystery to me, jon. on wednesday, midday, middle of the week the fed says what we said it was going the say. it's going to slow and eventually stop quantitative easing. more than 24 hours later, by the close of business thursday, investors were still selling stocks like they hadn't noticed the fed and sold before that. it was supposed to be big news. in this day of quick trade, why the dow fell more than 300 points thursday kind of crazy late. the worst losses -- we may see almost a sale on stocks

former enron ceo jeff skilling could be a free man as early as 2017. a federal judge has cut skilling's 24-year prison sentence to 14 years. he could be eligible for another 4-year reduction for good behavior. as part of the agreement, he'll drop his ongoing appeals and give up claims to the $40 million seized by the government after his indictment for enron's collapse in 2001. skilling's settlement with the government means the enron matter is "all but closed." "i think the doj was just tired. i think they've been dealing with this case for 10 years, and i think a lot of the people that originally prosecuted this case are gone. i think they want to move to something else now. there's going to be no bang for the buck to continue to beat on jeff skilling." skilling has served more than six years of his sentence in a colorado facility. traders and economists are keeping a close watch on the credit crunch in china. interest rates in the asian nation spiked to record highs last thursday as the central bank seemd to signal it would not continue pumping cash

shareholders filed a $40 billion lawsuit after enron shares fell from $90 to $1 in 2001. apple's price-fixing trial is coming to an end. apple's attorney claimed the company acted legally when pursuing deals with publishers. the publishers have settled with the government and agreed to $122 million in damages to 33 states that had joined the federal suit. last year the justice department accused apple of joining with five major publishers to drive up the price of electronic books as it entered the e-book market. apple's attorney warned earlier a court ruling against apple would have a "chilling effect" on commerce. apple closed last at $416. men's wearhouse is facing a pr nightmare after firing its founder, george zimmer. his abrupt removal angered customers, who say they feel betrayed and will no longer shop at the store. the board hasn't given any details on the firing. analysts say the company is aiming to recruit a younger clientele, and it could salvage its current customer base with a good explanation for getting rid of zimmer. but most think it was a bad move. "whe

the former enron ceo is now getting out of prison 10 years ahead of schedule.ll explain why this is music to the ears of white-collar criminals everywhere. and senators wanted to block the u.s. military funding for rebels. but we have to spend even more if we don't act now? breaking down the numbers for us. "piles of money" coming up next. . copd includes emphysema and chronic bronchitis. spiriva is a once-daily inhaled copd maintenance treatment that helps opemy obstructed airways for a full 24 hours. yoyou know, spiriva helps me brehe easr. spiriva handihaler tiotropiumbr does not replace fast-acting inhalers for sudden symptoms. tell your doctor if you ve kidney problems, glaucoma, trouble urinating, or an enlarg prostate. these may worsen with spiriva. discuss l dicines you take, even eye drops. stop taking spiriva and seek immediate medical help if your breathing suddenly worsens, your throat or tongue swells, you gehives, visiochanges or eye pain, or problems passing urine. nothing can reverse copd.e dry mouth d constipation. spiva helps me eae better. do

former enron ceo jeff skilling has just been resentenced.ouston now with the details. over to you, scott. >> reporter: maria, saying that crimes of this magnitude deserve significant punishment, u.s. district judge sim lake nonetheless reduced his 2006 sent of jeffrey skilling from 24 years down to 14 years with credit for time served, time off for good behavior and the like. he could be out, now, in 2017, which would mean he will have served about 11 years for his role as ceo of enron, in that company's historic 2001 collapse. the courtroom was packed with a lot of jeff skilling supporters, members of ken lay's family, former enron executives, and members of skilling's family. and we learned that some 200 people had written to the court in his support, including fellow inmates at the federal prison in colorado where skilling is being housed. we learned that since he went to prison in 2006, he taught himself spanish and has been giving spanish lessons to other inmates, according to his attorney, daniel petrocelli, teaching business classes a

what does this mean for enron's victims? >> reporter: well for one thing they will get this $20 million held in escrow since the trial in 2006. that will go to the victims. that's pittens from the money lost and $7 billion mainly with some of the banks involved. they didn't come down that much. people will get their money back and most important, they say, skilling can't challenge the convictions. >> scott, hon norary citizen of houston after all the type you spent there. >>> fell in may from job rolls in california, west virginia, new york and hawaii. california's unemployment rate is 8.6% higher than average but the lowest in five years. north lowest of 3.2% and nevada highest 9.3%. it rose in 17 states and re345i7br remained the same in eight more. >>> car max the nation's biggest used car dealership chain with 10 stores nationwide reported a 21% rise in profits last quarter on a 22% jump in sales. prices on those used cars were also up about 1% from a year ago. >>> if you're flying instead of driving, there may be some r

enron chief reese sentencing hearing is now under way. the other key players in that scandal, where they are today. for instance, cfo, out of prison. she never went. the couple forfeited $30 million. enron founder lost nothing. a judge tossed his conviction after the executive's death in 2006. and the auditing firm arthur andersen, more than 25,000 employees, they lost their jobs. joining us now is attorney michael bachmann, former prosecutor, who specializes in white-collar defense. thht happens a lot. prosecutors defend people will be charged with crimes, and in the case of mr. skilling, of the victims -- 28,000 employees at enron who saw their pensions by tough, lost their stock holdings , they are saying do not give this man a shorter sentence. he deserves our he is getting. the department of justice, they3 were ordered to change it. he does -- it does not seem bear -- chair. >> well, the appellate court ruled that the sentencing judges and a miscalculation. and that there were just too high. isn't it back. under the laws we presently

. >>> former enron ceo will be in court in houston, texas, today. skilling will be resentenced for the enron corporate fraud after the justice department recommended reducing his prison sentence from 24 to 14 years. >>> and we also want to say happy birthday to 2009 american idol winner chris allen, who is 28, britain's prince william turns 31, and juliet lewis is 40. >>> here's what's coming up later on the "today" show. matt lauer talks to paula deen. daredevil nick wallenda joins us for a preview of the tight rope walk. keep it right here. we have more news, weather, and sports on nbc. thanks for watching "early today." have a great weekend. >>> on the run and wanted in three cities on the peninsula. the details we're learning about an alleged serial burglar and where police think he may be. >>> watching for retaliation. what san jose police are planning for this weekend after a teenager is killed by a rival gang mob. >>> the world famous shez paniss opens its doors almost four months after a fire burnt it down. the big bucks it will take to get

breaking news on today's resentencing, a former enron ceo, jeff skilling. scott cohn has the story. maria, this is the first time that we've seen jeff skilling since 2006 when he was originally sentenced to 24 years, 4 months for his role in the most notorious corporate scandal of all time. that case has been back and forth in appeals all the way to the supreme court. today, the justice department and skilling's attorneys presented the judge with an agreement that puts this enron case to rest for the last time. finally. jeff skilling sentenced now to 14 years from the original 24 years. after the federal appeals court said that that 24 years was too harsh. skilling's convictions now all stand. he will release $40 million to the victims. i asked skilling's defense attorney where justice was served. daniel said that justice, in fact, was not served, but nonetheless -- nonetheless -- let's see if we can go to him now, skilling's attorney. >> i do not feel that justice has been served in this enron story, particularly as it relates to mr. skilling. i believe that this has been one of th

companies were colluding with one another to falsely report data to platts and what happened with enron just refreshment. ended up going bankrupt but not before of a stall billions of dollars from consumers through deregulated natural gas electric power markets but the key here is that this for profit media company oversees this benchmarks that affect the price is that millions of consumers pay and it's clear that the same scandal that if that affected them in natural gas markets a decade ago is now going on in oil markets so there's a problem not only with the oil companies and possibly the financial companies that are conspiring to make a profit but with the media company mcgraw hill and plots because they've got bad internal controls if they're allowing this to occur again and certainly internal controls have been a constant theme throughout our financial crisis and i would mention that as in p. which we have all these problems with this rating agencies also division of mcgraw hill and this reminds us of libre i mean we have a similar situation in london where we have a group of peop

. ♪ melissa: new developments in the case of white-collar felon, former enron ceo has served six andars of 24 year sentence so far for bringing on the world's largest energy trer. >> it was one of the best in u.s. history. but today his sentence was life by 10 years. now he will be out instead of 17 years from now. so what does this sentence meane >>dish"?h the dish is arthur adella. >> i don't know what the dish is about. >> what is the deal? >> the deal is this. he gets convicted. he gets this huge sentence. >> i mean, he didn't kill anyone. >> but let's double check the math here. he is $60 billion in the enron stock was rendered worthless.ion $2 billion and that is a lot ofm money going on there. >> yes, it is.peopleot also, a lot of people gotuid, le affected. eives were ruined, lives wer destroyed.at wipes so that wipes out his conviction he appeals only to the supreme u court and the supreme court rules in his favor, saying one m of the convictions against him was improper. they go to the lower court aboum this issue in the bottom line is that they say that he was sentenced to

he's agreed to pay $42 million to the victims of the enron collapse. a judge has agreed to cut ten years off his 24-year sentence. skilling has already served seven years for fraud, conspiracy, and insider trading. enron's collapse back in 2001 cost investors billions of dollars. >>> and number four, the daughter of former yankees manager joe torre makes an amazing catch. christina f christi christina torre caught a baby that fell out of a window in a brooklyn apartment. >> i saw the baby kind of straddling the pole -- the railing up there. >> okay. now, the father of the baby is calling her a hero. he released a statement last night. >>> and number five, it's been a little more than a month since an ef-5 tornado ripped through moore, oklahoma. the storm killed 24 people and injured more than 300. the town of moore was practically wiped out. one of its residents is doing something to help those suffering from the storm. ♪ >> that's toby keith. he's holding an oklahoma twister relief concert. it takes place july 6th and already tickets are sold out. pro

he was one of the poster boys for the failed energy company enron. had a legal financial reporting that his billions of dollars in sales skills. the company went under. many ploys lost their employee 401k money and pensions. to the victor and sometimes the victor has a little bit of a gap. this is a japanese company. a top chief executives but took a moment to gloat at the latest shareholder meeting. everyone accused me of being full of hot air. i could achieve could've achieved trillions in gun sales. they laughed when i said that i could earn trillions of yen in profits. he says i will become the world's most current company, biggest company by all measures, whether by sales, profit or market cap. this story is not over, but we thought it was a interesting story. today. heading to nicole petallides on the floor of the new york stock exchange. >> they put themselves out there. let's take a look here. you can see monograms here, the back-and-forth action were money gram is doing pretty well. they were working with bank of america and now they are tal

at enron.tylenol and bayer back & body are proven to be effective pain relievers tylenol works by blocking pain signals to your brain bayer back & body's dual action formula includes aspirin, which blocks pain at the site. try the power of bayer back & body. how old is the oldest person you've known? we gave people a sticker and had them show us. we learned a lot of us have known someone who's lived well into their 90s. and that's a great thing. but even though we're living longer, one thing that hasn't changed: the official retirement age. ♪ the question is how do you make sure you have the money you need to enjoy all of these years. ♪ >>> disappointing economic news this morning was really no problem for investors today as the major averages get -- get their -- get their rally on. for a second day of big gains that we're seeing right now, bill. >> yeah, the first back-to-back rally we've had in a while. what's the buzz on the trading floor now? josh lipton is at the big board. s s seema, bert

some enron victims are expected to speed on today's hearing. >> we will be right back. ahh, the dog days of summer... time to celebrate with your mates... grill a few dogs... eh, hot dogs. bacon burgers... dachshund: mattress discounters' 4th of july sale!? bulldog: that cloud reminds me of... radio: the tempur-pedic cloud collection. bulldog: that's it! radio: ...now with 48 months interest-free financing... bassett hound: free financing? radio: or get a queen size sealy gel memory foam mattress for just $497. bulldog: that's a ringer of a deal! radio: the 4th of july sale is on now... bulldog: hey where is everyone going? ♪ mattress discounters >> welcome back. at the san francisco giants have now dropped eight games in a row to the miami marlins at at&t park. giants pitcher chad to gaudin was injured in the fifth inning. he was hit by hitdietrich line drive and he was diagnosed with a bruised elbow. they were up one to nothing in the eight. the giants dropped to to 1. a another tough game for the a's in texas. wrapping up a the series against the rangers. days were d

and ken lay enron c.e.o. and graham's banks three bodies didn't like that at all enron wanted to bank and to gamble and a hostle everything from orders derivatives to energy derivatives so in the final year of the clinton administration phil gramm and his buddies in congress put it and the glass steagall act that have been protecting us ever since the great depression after all what could go wrong. it's time to put back into place the fire wall between commercial and investment banks and end banks that are too big to fail or too big to jail so they can't cause another american housing and financial disaster let's say goodbye to the out of control big banks and once again make banking a safe boring and useful business with local roots in our communities and that's the way it is that i had tuesday june eleventh two thousand and thirteen and don't forget democracy begins in you get out there get active tag you're it. when it chooses to be homeless nobody chooses to be in our sorrow. is the world for the show to.

enron was the seventh largest company of the year. a lot of people lost their jobs and savings.ly culpable. ii was an accounting fraud, but 24 years, putting that into perspective, the average murder sentence is 49 years. you have a lot of people who get off with the standard sentences or prosecution or those who are in the thick who you have never heard of. melissa: and because he irritated the judge comment has to do the weight of a it. is that right? >> about 70% is based on the economic cost. that is also if you look at what enron was about. and what it was worth at the end, which was zero. if you plug it into the formula, you get 24 years. >> it is so hard to sit there and evaluate what is the damage to you. that is sort of what you are looking at. honestly this is only money on one hand. on the other hand, when you think about the scummy thing about bernie medoc and their whole life savings were wiped out and people committed suicide. there was death involved in these cases. i mean, how do you weigh that in going forward? do you think this is the beginning of a trend or we

. >>> former enron ceo jeffrey skilling will find out today how much of his 24-year prison sentence will be reduced. last month the justice department and skilling's lawyers agreed on an early release which could set him free by 2017. under the proposal skilling would drop all remaining appeals and give $41 million in restitution to victims of enron's collapse. he's currently serving a 24-year prison sentence after being convicted in '06 for corporate fraud. >>> there's hope stocks may bounce back late bit a day after one of the worst hammerings in recent memory. scott mcgrew, a rough one out there. nearly every company losing big. >> none quite as big as oracle. the redwood company said shares lost nearly 9%. this despite good news, the world's second largest software company, double dividends announce add stock buy-back. oracle announced it's leaving the nasdaq, starting next month will trade on the new york stock exchange. this doesn't affect your investments really. it is an embarrassment really to the nasdaq. so the broader markets god walloped, that was a full day after the fed mad

. >> former enron ceo jeffrey got prison sentence reduced by 10 years today.g will serve 15 years instead of the 24 years for his role in the energy giant collapse. sentencing in 2006 skilling could be released in 2017. court ordered the resentence to go allow the distribution of 40 million dollars in restitution to victims of the enron collapse. >> food network not renewing celebrity chef paula deen contract after she admit entered a lawsuit that she used racial slur in the past. the decision came after her tearful apology. >> taking this opportunity now that i have pulled myself together and am able to speak to offer an apology to those that i have hurt >> posted this video on line. contract expires this month. she's being sued for racial sexual discrimination by manager the of restaurant and deposition last month she admitted to using the y.word -- n-word. >> much more ahead tonight. coming up. nancy pelosi returns to her bay area district with renewed hope for immigration reform. hear what she has to say. >> right place at the right tile. one little girl o

client nine, the rise and fall of eliot spitzer, meah maxima culpa, silence in the eye of god, and enronits smartest guys in the room. your new film called we steal secrets the story of wiki laeks in theatres now, on demand june 7th. we steal secrets, about wikileaks, are you in this discussion tonight going to spill any state secrets that could get a bag popped over my head and get me dragged off to guantanamo. >> no, i don't think so. >> stephen: you don't think so. >> i don't think so but you know, we steal secrets is actually a phrase said by former cia director michael hayden. he looked at me and said alex, we steal secrets, that's what we do. >> stephen: the cia does. >> correct. >> stephen: they're licence food do so. >> seemingly so. >> stephen: are you making equivalency between the cia, the official intelligence agency of the united states, and some clown like julian a sang and badly manning, a known criminal who stole these state secrets and leaked them to the world and possibly to our enemies and endangered american lives. >> bradley manning is to you being charged with aidin

we'll hear from him and get reaction from a pair of enron victims. mannedy is joining me.ing you at the top of the hour on "closing bell." meantime, more "street signs" coming your way right after this. i'm thinking about china, brazil, india. the world's a big place. i want to be a part of it. ishares international etfs. emerging markets and single countries. find out why nine out of ten large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus, which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. vo: i've always thought the best part about this country is that we get to create our future. you get to take ownership of the choices you make. the person you become. i've been around long enough to recognize the people who are out there owning it. the ones getting involved and staying engaged. they're not sitting by as their life unfolds. and they're not afraid to question the path they're on. because the one quest

the former chief executive of enron has struck a deal to cut his sense by -- sentence by 10 years. jeffrey skill earn's sentence has been reduced to 10 years. the energy giant folded in 2001 after one of the biggest corporate frauds in u.s. history.

including lawsuits against enron and gold mman sachs. >>> meanwhile, the a's owner lew wolff says he's not in favor of legal action or legal threats to solve business issues. instead of lawsuits oakland is focusing on a new stadium. they're also working on a lease extension at the coliseum. waiting in san jose is the proposed ballpark for the a's. you heard the council members talking about this. these are artist renderings of the field that would be built in the league allows them to move. today's lawsuit comes on the heals of a messy week. two days ago coaches from the a's and visiting seattle mariners were up to their ankles in raw sewage. it flooded the clubhouses of both teams. all the players were forced to shower in the raiders locker room, which is on a higher level at the stadium. the 47-year-old coliseum could not handle the plumbing demands of the sellout crowd. >>> our survey tonight. should the a's move to san jose? you can vote by texting or calling at 408-300-9222. text 1 for yes or 2 for no. you can also tweet us at nbcbayarea. >>> new details on the deadly pit bull att

enron will swear in its new president in just over one month. iran was where in its new president and just over one month. we take a look at his background to becoming president. >> it is clear this is hassan rouhani's home town. there are congratulations from the people. it is a small, unassuming city that turned a religious student into one of the most powerful men. he grew up with the future president. >> we are so happy because of his election. this city is blessed. for young people to see one has gone up. become president, it is such an honor. >> here he was surrounded by politics. his father was sent to jail numerous times for speaking out against those in power. his friends say that had a big influence on hassan rouhani. it is here he would begin his political activism fighting -- as the shot of the ron and the former margaret. this would eventually lead him down the path of becoming a r -- iran's seventh president. it also forced him into exile. with the 1979 revolution, they both returned to iran. he has been part of the inner circle si

. >>> still ahead, remember this guy, why enron's former chief financial officer andy fastow is talking about fighting fraud. but first, how stocks, bonds and commodities all faired today. >> well, it looks like there is something to smile over at kodak. the bankrupt seep approved the plan to structure it into a business. kodak's credit doors will vote on that proposal in the next few weeks, ty? >> there is likely nothing but smiles coming from the ceo of the drug distributer because regulatory filings that showed he secured a staggering $159 million pension, which by the way, is far and away the largest pension package on record, more than double the $74 million package. since he began running the company in 1999 the results are good. the stock prices more than tripled out performing the market. >>> with that money let's hope he's a good tipper which would be good news for starbucks employees in new york state. a court there ruled today starbucks have to share any tips they get with their shift supervisors. the new york state court of appeals ruled supervisors do much of the same dutie

been in court this morning, houston, hoping to have his 24-year prison sentence for his role in the enron scandal, hopes to have it reduced. if all goes according to plan, he could be free in four more years, part of a deal made with prosecutors that allowed $41 million to go to victims of enron's collapse. sue? >> jim cramer, ty, is getting ready and getty miked up, and we'll ask him the theme question of the day. opportunity or overreaction? there he is. it's cramer time. hey, jimmy. >> i like the regional banks, don't like the international banks. ♪ ♪ ♪ ♪ [ male announcer ] if you can't stand the heat, get off the test track. get the mercedes-benz you've been burning for at the summer event, going on now at your authorized mercedes-benz dealer. hurry, before this opportunity cools off. >>> they wrote an intro. i don't care about the intro. jim cramer is here. >> thank you for having me. >> i guess a couple days ago it could have been easy to say that everything was an overreaction. we knew bernanke would start tapering at some point, but there are other things that have been going on t

you paid for it and there was another one called enron. and enron was doing exactly the same thing. a great big computer, let's make a perfect example because we can predict where the risk is and make sure that the other the other people other is. i i remember getting a call from enron. they wanted to buy my little start up and i thought no, no, no we don't want to sell our pretty start of that we love so much to some company trying to take advantage of a computing. guess who bought it? google. and i love google and i'm sure there are google people here tonight. you guys are great but you know we will get to that. [laughter] so the thing about it, even though maxwell's demon illusion breaks after a while the temptation is so great because at least in the first phase it does work. if you have the biggest computer in a connected network you can calculate little tiny ways to improve your game so that other people get their risk and you get the benefits and everything seems golden. everything seems perfect but what happens in finance? what happens to insurance will happen in silicon val

san jose is playing hardball, hiring a high profile lawyer who sued enron, bernie madoff and the bush administration. >> it's all about greed. this is not only a legal case, this is a moral outrage. you see what's happen iing. this is the tenth largest city in the nation. they're being subjected to a cold shoulder by bud selig. we're taking this case to the community, santa clara county, the people of san jose, and everyone who lives in that area. >> many feel this case will not go to trial. there will be a settlement between san jose, the league and the san francisco giants. they're not charging san jose for his services. there are other ballpark proposals on the table and off the table. the freemont plan was scrapped in 2009 and three others, each of which would keep the a's in oakland, the idea to build a stadium in jack lemmon square died in 2010, there's still talk of a waterfront ballpark site at the port of oakland. in march, oakland mayor announced a plan called coliseum city, which would mean demolishing the current facility along 880. the a's have made it clear they want to

." >>> san jose has hired a high-profile lawyer who has successfully sued enron, bernie madoff and alsoe bush administration. joe kochet has taken the case on pro bono because he is that upset. >> it's all about greed. this is not only a legal case, this is a moral outrage. you see this happening. the tenth largest city in the nation, they are being subjected to a cold shoulder by bud selig. he has refused to talk to them. we are taking this case for the community of not only santa clara county, the people of san jose and everybody who lives in that area. >> kochet and many baseball insiders feel this case will not go to trial. instead, they think there will be a settlement between san jose, the league and the san >> we will be keeping our eye very close on that one. >>> it is a flag aimed at celebrating gay pride but now in one bay area city it's causing some controversy. the calistoga city council agreeing to raise that flag for pride week after a resident suggested doing it at a meet bug just a few days later, some people started complaining about it. the mayor says residents want to