morgan share the same one we will have much more after the break francine mckenna author of the blog the auditor. also still ahead survival less are prepping for more than just the end of the world they're going to be on t.v. we'll give you our three cents on the grand prize a new reality show is offering up but first your closing market numbers. with. science technology innovation all the moves developments around russia we've got those huge earth covered. thank you. welcome back we're talking about massive risk taking and the leverage expansion that leads to firms going bankrupt or losing a lot of money stealing from customers in some cases just the right now as in a systemic only important or does detrimental disaster is institution depending on how you look at it in the case of j.p. morgan we're talking to francine mccann as she is the accounting watchdog author of blog the auditors columnist for forbes american banker she's talking about how this all is allowed to go down and how the regulators are not catching it so one other factor in here that we haven't touched on yet is the

has become the means used to hide risk and expand leverage in person to profit accounting watchdog francine mckenna is here to answer that and tell us what can be done about it and is it a sign of the times a bearish indicator we'll talk about the new survivalist reality show or the winner gets a bunker let's get to today's capital account. so we heard from the head of the office of comptroller of the currency on capitol hill today as he testified before a senate panel now the o.c.c. is one of j.p. morgan's made regulators that presumably blew it on catching the london whale trade despite having sixty five full time regulators on site at j.p. morgan now the o.c.c. is reportedly looking at whether the company provided regulators with adequate information and they're considering whether or not they're going to claw back money paid to the traders and executives responsible for this trading loss but it's a story we've heard before we've heard all this from j.p. morgan to m.f. global and throughout the financial crisis of course too much risk taking hiding that risk expanding leverage too much c

i want to bring in now francine hanson. she is one of the thousands of people who had to evacuate, escape the flames. she joins me on the phone from eagle veil, colorado, where she has basically found refuge with her sister. thank you so much for being here. >> thank you for having me. >> how you doing, francine? >> um, you know, it's an emotional roller coaster. i was doing better until i just talked to the grandson that was living with us. >> right. >> and how he is feeling. it's an emotional loss for all of us. >> i want to explain to our viewers why that is. i mean you and your husband in retirement had built a dream home for yourselves there in the mountains. just a beautiful home. we're seeing pictures of it on the screen right now. you had to evacuate. i know your grandson shot some video of your home which you have now lost. i was wondering, you could please take us back to that moment, what this was like for you, for your husband, for your family getting out? what we're looking at is the video that your grandson sh

. >>> next weekend on history bookshelf, francine prose talks about her book "anne frank, the book, the life, the afterlife examined the impact anne frank's diary has had on the history and understanding of the holocaust. it was 70 years ago on july 6, 1942 that 13-year-old anne frank and her family went into hiding from the nazis in amsterdam. in 1944 they were caught and sent to concentration camps. anne frank died in a concentration camp in march of 1945 at the age of 15. history bookshelf airs three times each weekend on american history tv, including saturday at noon eastern. >> explaining the constitution and encouraging students to have an interest in america's founding can be difficult for many teachers. up next, radio talk show host diane rehm moderates a panel discussion on the issues and challenges surrounding the teaching of constitutional history. david mccullogh and david wood join the panel of other scholars at this convenient for a day-long teach-in of america's founding at the university of oklahoma. this is just over an hour. [ applause ] >> you know, i think we should

missed this we didn't get a lot of clarity from them today but we will get clarity on our set with francine mechanics she is an accounting watchdog writes for forbes american banker on her own blog and she's going to tell us how and why it is that regulations are not in force because they're on the books abbi they're just not being carried out the police on the beat are asleep or complicit we're going to find out thanks lauren that does it for now for more on the stories we covered go to youtube dot com slash or to america or check out our website or to talk holmes last usa you'd also follow me on twitter martin we'll see you in a half hour. the for. more news today violence is once again flared up. these are the images the world has been seeing from the streets of canada. giant corporations are on the day. you know sometimes you see a story and it seems so for langley you think you understand it and then you glimpse something else and you hear or see some other part of it and realize that everything you thought you knew you don't know i'm charming welcome to the big picture.

francine had to escape the flames. how did you get the news that your home was gone? >> i got on the internet. >> you saw it on the internet. what did you see. what was your first reaction? >> can you hear me? >> i can hear you. >> you were saying you found out you lost your home. you lost your home. you found out on the internet. how did you find out? what was your first reaction? did you believe it? >> caller: we were just standing around looking at pictures. a lot of helicopters were going over and taking pictures. my sister found a picture and said that's you're house. the house next door is up. the whole block except two houses. sdm you got a note saying condolences on your home. let's put up the video. you sent in a video taken by your son of the evacuation. what was that like? >> we were watching streaming video because we had already evacuated. it's probably ten minutes between the time i talked to and the police were in front of the house telling me to run. >> they were telling you to get out. >> caller: we had been on stand by and then not stand by, and then

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