our plan is to come up with a joint plan that made success for fremont. >> while fremont's future remains uncertain, the stakes were high when 36 underperforming or new schools was in the happens of the board of education. >> the people have chosen. >> the people have chosen. >> this is the byproduct of a school board majority that has refused to do dominica their job. they decided that they can't do it so they will give schools away. >> the recommendations were. >> give away schools to outsiden at thi entities or award them to teens of teachers and parents who would put together school plans. >> after hours of deliberation, a majority of the schools were taken over by outside groups, in some cases with the support of the teachers' union. only four will become charter schools. the third rail of politics. >> first only the best of the best should be committed to open a charter school. secondly, you to give these educators reaah tonmy. those that aren't achieving the best marks should over time be phased out. >> but the fact remains that more traditional public schools are failing and faili

our plan is to come up with a joint plan that made success for fremont. >> while fremont's future remains uncertain, the stakes were high when 36 underperforming or new schools was in the happens of the board of education. >> the people have chosen. >> the people have chosen. >> this is the byproduct of a school board majority that has refused to do dominica their job. they decided that they can't do it so they will give schools away. >> the recommendations were. >> give away schools to outsiden at thi entities or award them to teens of teachers and parents who would put together school plans. >> after hours of deliberation, a majority of the schools were taken over by outside groups, in some cases with the support of the teachers' union. only four will become charter schools. the third rail of politics. >> first only the best of the best should be committed to open a charter school. secondly, you to give these educators reaah tonmy. those that aren't achieving the best marks should over time be phased out. >> but the fact remains that more traditional public schools are failing and faili

police say to people were found dead inside an apartment filled with carbon monoxide on fremont ave. the bodies were taken to the medical examiner. the cause of death has not been determined, but and out of gas generator was found inside. >> crews are trying to figure out what caused a fire in southwest baltimore this morning in the 2200 block of ramsey street. everyone made it out safely and no one was injured. three people were killed in a one car accident in western maryland. police said the only survivor was found sitting on a guard wherrail. three people died at the scene. police say some of the victims were not wearing seat belts when the car rolled down an embankment. residents inside still say no to speed cameras. they voted against -- residence in sikesville voted against speed cameras. if you are using city water, you may have to pay out more money. the department of public works has proposed a hearing to increase rates by 9%. a public hearing was requested for june 9. if approved, an annual water and sewer bills for family of four will increase by about $81. >> state prose

meanwhile tesla announced plans to buy a plant owned by toyota in fremont, california. there, tesla will produce its model "s" electric sedan. a check up on housing. are foreclosure and default rates expected to get worse? and, another perspective on the financial reform bill. that's next. coming home can be hard if you're a veteran of iraq or afghanistan. you may feel like you're all alone. but you're not alone. at iava.org, your fellow vets are all around you. join our free online community. get the resources you need and connect to other vets who know where you're ng from. now that the senate has passed sweeping financial reform legislation, committees will begin working out differences between the senate finance reform package and a similar bill the house adopeted in december. joining me now is george simon of foley and lardner law firm. great have you on to talk about this big reform. what do you think? good morning to you by the way. what do you think about these restraints on wall street? well, its interesting. here, you have 1500 page bill. and the three areas t

it is great to be in fremont. good to be back in northern california. i was reminiscing a little bit. michelle and i took our honeymoon in napa valley. that was almost 17 years ago. and we drove down the pacific coast highway and so i was fant size being going and renting a car. but i was told that would cause a stir. so, next time. but, it's wonderful to be here in northern california. it is always nice to get out of washington a little bit. don't get me wrong, the capital is a beautiful place, nice monuments, i have no commute which very few people in california can say is true for them. but the truth of the matter is that, you know, when you're in washington, a lot of times all you're thinking about or all that's being talked about is politics. who's up, who's down, contest between the parties. instead of people remembering why it is that they aspired to go into politics in the first place. we end up getting caught up in the moment instead of what is important for the future. so i try to visit places like this about once a week to hear from folks as

the president spoke in fremont, california. >> if it's successful-- and there are no guarantees-- greatly reduce or eliminate the flow of oil now streaming into the gulf from the sea floor. and if it's not, there are other approachs that may be viable. >> lehrer: back in washington... >> i'd like it thank the secretary for coming as he departs. >> reporter: secretary of the interior ken salazar left a house hearing to monitor the preparations for top kill. in the meantime, there was new focus on how the "deepwater horizon" oil rig exploded on april 20 and sank, losing the oil into the ocean. the associated press reported one worker on the rig told coast guard investigators b.p. was taking shortcuts. and the chief mechanic on site, on the day the rig blew, spoke at a new orleans hearing. douglas brown said he witnessed an argument between a b.p. official and drilling manages for transocean, the rig's owner. he said the pressure to finish work was intense. >> prior to the event, were you aware of any type of concerns or pressures from either transocean or b.p. personnel concerning completio

fremont who ran for president on abolitionist ideas tend to settle and clean the far west, repeat his distant hero a giving his name to the great ace and watershed had the final wrote that the constitutional convention of 1864 on a bit differently, the center of american gambling culture would've been not nevada, but the great state of humboldt. well, all of this indicates the kind of cult status that humboldt was reaching in the united states. it really piqued in the 1850's. and humboldt owned out that he lived through those years and corresponded with dozens and dozens of americans at various levels of politics intellectual artist area to his dismay that the united states continued to institute slavery as the basis of the economy and one of my chapters tells a story that has not been told before, which is humboldt involvement, the way his name was taken at in the cause of abolitionist in the united states. this question as he watched the progress of the of progress in the united states in his lifetime was what is the nature of his legacy. and for that, i turned to cosmos, the last b

. $700 million on the fremont deal, and rmbs of mortgage loans, a notoriously bad a lender.our clients talked to your sales force about it and your sales force, among themselves call democrat loans and go out and sell them anyway. at the same -- call them crack loans and go and sell them anyway. at the same time, they are selling items and shorting the deal. city short stems of the goldman sachs makes money when this security fails, when it did in 10 months. on the $300 million anderson synthetic cdo, it is stuffed with new century loans which are known to be shoddy loans, one or two in the list of bad loan producers. a client of years asks how does goldman sachs get comfortable with this deal? goldman sachs is pointing out it is a new century -- goldman sachs did not respond and did not say we're not comfortable, we are shorting it, we are betting against it. asked a direct question, how can you guys get comfortable with the deal involving those loans? instead responding honestly, we've got problems also, we're not taking chances on this deal, we may be selling it but we ar

he comes out of an emergency fund for fremont. that is a misconception. >> to disagree with that?oes come out at the mouth but it does highlight -- out of fema, but it does highlight that there are some differences. >> as we wrap up, ronald reagan persistently called his 11th commandment. you shall speak no evil of a fellow republican. do you agree with president reagan, and how do you assess your opponents in how they are meeting the standards that your phrase? >> i agree with ronald reagan if they are fellow republicans. a republican is someone that stands for the constitution as written $3 you're saying these two gentleman do not? >> i am saying that they do not. >> ronald reagan also said trust but verify. are you giving these boys a little bit too much help? i told them that that they are -- i am telling the truth and they just think it is hell, just like harry truman said. >> on children's issues, what is the one idea that you would personally champion for the children in the united states? >> i think the biggest thing that affects our children's future it, the number one is

during the period from september to november, when he assumes we had that fremonts of the federal reserve and the government would have those three months to conduct a negotiation, collateral was required to be posted almost every other day. so, the failure, while he's right having put the $85 billion loan in place, bankruptcy was remote, but default was not remote. every day those 16 counterparties or every week those 16 counterparties were making demands for collateral. so in order to have the negotiation, the company would have had to be prepared to say, i'm not paying. and to take the risk that any one of those 16 cousht parties or any one -- counterparties or anyone who had cross default right, the other 44,000 claim ants, or anyone at the parent who had cross default rights, would not exercise their rights to cross default. so, while we could -- while you could have gathered the 16 major counterparties in a room and had a negotiation, i can tell you at the time i was actually concluding a very similar negotiation to that which was urged upon a.i.g. after nine months of negotiating w

in my district you can move from the hills of fremont to the crown park in alameda, to the hills behind oakland, and never be beyond walking distance of these marvelous parks. so it's a compliment to the chairman and i'd like to join with him in thanking him for recognizing the importance of our regional park district to the local people in hopes that others may follow. i thank the gentleman for yielding. mr. miller: i thank the gentleman. i yield myself two minutes. i also want to -- congressman stark mentioned pat o'brien. i want to thank him because he's been such a wonderful manager of this system and his entire staff and certainly all of the volunteers who come to the park which number in the thousands, all of the time to take care of these parks, to make them accessible to the public, to host special events, and the magnificent staff and rangers of the park system who live in our communities, who know the people who use the parks, and accommodate them. it's said one time i don't know if it's accurate or not, it's suggested you could get on horseback and ride for seven days and nev