but dick fuld is looking for work.son he's looking for work, bob-s because he lost a lot of money in the implosion of lehman. what friends are telling me is while i guess he's still rich we shouldn't be crying for him-e feels he has to work. >> and what about joe gregory? >> that's an interesting question because joe gregory lost a lot of money, too, as we've been reading lately. he's been selling assets. from what i understand he's not working. he's spending a lot of time at his home outside new york. but as you know, recent reports today, he's looking to recoup some of his salary from lehman. i think $233 million tied up into bankruptcy. so he's not working. he's selling assets. by the way, fuld is selling assets as well. they're all selling assets. but unlike fuld he's not working and he's filed this lawsuit trying to get the bankruptcy judge to pay him some of those back wages. >> and cfo aaron callen was sort of a bit of a superstar for a while, got a lot of attention, and she too has sort of quietly fade add way

gijener, tom hanks. >> harrison ford for fuld and daniel day-lewis.nd bernanke, paul gee mattie. >> this one i love, this is inspired, that i think that's it. >> spot on. >> should be him playing ben bernanke. >> they've got bernanke being pl played and ken moreno playing fuld. our own staff came up with their own ideas, they spend hours on this. we need to show these quickly. they have fred thompson playing hank paulson. >> i like that one personally. >> jeff goldblum as fuld. frank langella for ben bernanke and tony goldwyn. >> we'll see you tomorrow. erin burnett coming up next with "street signs." >> james lockhart has a new job, become vice chairman at w.l. ross. >> red box is suing warner home videos. >>> and stocks erased early losses and rallying led by energy shares. >>> hello, i'm erin burnett. names lie royal caribbean, merck, all on the list today. why trash bags matter for our economy. then, america banking on electric cars, the fear is we're replacing middle east oil with a lithium addiction and it isn't american either. one company tryi

demise of lehman brothers last year, and we were asking who you would cast in the lead role of dick fuld, former ceo of the company, tim geithner who at the time was the new york fed president. now, of course, treasury secretary. and ben bernanke, the fed chairman. and we've gotten some inspired e-mail.

-- richard fuld and hank paulson he was say many year ceo head of goldman sachs if dazed and the weerge competitors goldman sachs is the oligopoly. merrill lynch, lehman brothers and bear stearns is gone. so these banks are making more money than ever. >> citigroup? >> bank of america, citigroup, jpmorgan and goldman sachs. >> morgan stanley would be number five of. >> how has writing this book change youfinancial career? >> a lot in this sense i will not be on the sell side which means that will n be working at a trading desk with richard fuld. [laughter] or any of these guys. but i find interesting one week ago friday i got a call from steve shaw, i would call him the nuclear physicist type that really deeply the plate understood credit derivatives and he was s happy about the book in his role and he wanted to thank patrick for the portrayal of the credit analyst did he felt proud and he said wh don't you come up on the trading floor? i went there it was 5:30 p.m. on a friday afternoon. and the trading floor was half full. this is barclays that bought the remnants o lehman brothers

sam fuld, grab that net and catch that beautiful butterfly. the cubs end up losing 2-0.leballer charlie haeger wins for the first time since september 23rd, 2006, when he pitched for the white sox. his second start since coming off the disabled list. lilly loses for the first time in his career against the dodgers. >> yanks spanked the red sox 20-11 friday night. a.j. burnett a different story saturday afternoon. kevin youkilis 3-5, two homers, six r.b.i.'s, big papi 2-4, a homer, three r.b.i.'s. that's his 20th of the year. eighth straight season where he's hit at least 20. burnett a contrary high nine burnett a career high nine home runs in five innings. home runs in five -- nine runs in five innings asking "why, why do you throw that?" junichi tazawa -- remember, he was the pitcher who gave up the walk-off homer to a-rod in the 15-inning game. yanks 0-9 with men in scoring position saturday. they were 15-25 in those situations friday night. >> afterwards, jorge posada and a.j. burnett were asked if they were on the same page. >> we throw the ball. we throw what we wan

so, let's since i mentioned dick fuld let's talk about dick fuld of lehman brothers. one of the talking points we keep hearing is it was a terrible mistake for the federal reserve to let lehman brothers die. remember what happened in march of 2008, bear stearns had collapsed. they were somewhat rescued. we gave $29 billion to jpmorgan to buy in. i haven't quite figured out why yet. no one has given me a good explanation other than the fact that jpmorgan had about $4 trillion of derivative exposure from bear stearns, but if that is the case, it was up to them to buy it. if their stearns wasn't going to bring down jpmorgan they sure as heck should have done something to prevent that from happening so i am still scratching my head on that. but after bear stearns collapsed , and this is, there is a chapter on moral hazard the definition of moral hazard is if we prevent people from suffering the consequences of their own actions, we are just going to cause people to be more reckless. we actually have seen studies between ets and air bags. there haven't been a decrease in h

not sure how many times i have seen a ball hit that far. 449 feet.dly into thain and how about sam fuld?ment making the catch of the day.cenl >> anytime you have to contend with the fences, that makes the catch, harder. that was fabulous.3-2 >> 2-0 dodgers. a and last chance for theriot, and they make the play, and dodgers did it again. cubs' offense goes away on them. they could not score. >> right. and they're on a pace to score about 140 fewer runs than last year. they're in the low 240s with runners in scoring position. they are not a good offensive-team, and they were a great offennive team. >> it came out that the family, that started the online brokerage t.d. amara trade, are the buyer. are they going to get this team? >> yes, this is a good thing for the cubs. they've been waiting for a long time for this to happen, and now that they have some stability, they can start to move. i have asked a few times, what are they going to do? well, we'll have to see about ownership of the team. now, we know that the team is going to be in good hands. >> they'll have some decisions to make, w

sam fuld, grab that net and catch that beautiful butterfly. the cubs end up losing 2-0.leballer charlie haeger wins for the first time since september 23rd, 2006 when he pitched for the white sox. lilly loses for the first time in his career against the dodgers. >> yanks spanked the red sox 20-11 friday. a.j. burnett, kevin youkilis 3-5, two homers, six r.b.i.'s, big papi 2-4, a homer, three r.b.i.'s. that's his 20th of the year. eighth straight season where he's hit at least 20. burnett a contrary high nine home runs in five -- nine runs in five innings asking "why, why do you throw that?" junichi tazawa -- remember, he was the pitcher who gave up the walk-off homer to a-rod in the 15-inning game. >> afterwards, jorge posada and a.j. burnett were asked if they were on the same page. >> we throw the ball. we throw what we want to throw, so it's definitely not him, i had a good hook today and i felt like i should have used it more. >> early in the game they were on the curveball so wanted to throw a couple more pitches so they could get away from the curveball. >> he's fi

so we'll put the only website, fuld like to help this family, that is legitimate is the one that we willow.cbsnews.com. thank you very much for coming in. >> been a pleasure. >> a pleasure having pup a. and allison and lisa, thank you so much for everything. thank. >> thank you. >> ira joe has a look at the weather. >>> good morning. nice people are here today visiting from indiana, illinois, south carolina, from the lovely community of windy city. we're in a windy city here today, wouldn't you agree? we have some serious weather about which to talk and that's interior california continues to bake. temperatures whether climb up into the 80s and the 90s and nearly 100 degrees. it is hoped that jimena, the hurricane off the baja, mexico peninsula will spread much needed moisture into california later in the week, but that's latter in the week. today hot interior california. some thorps over the rockies and we'll see some rain and thun >> announcer: this weather report sponsored by the mercedes-benz you must experience. the amazing e-chas. >>> kind of a chilly august about # 1s here in new

through no fuld visohn he disputes the discussion.tive envonments by his title, perhaps he's do that decision. it sounds le theig boss likes that idea so let's go with that. the collaboration dies at that point. at the same time he is conscious of that so he is hesitant to share ideas so there's leadership bias in t old way of doing things. or, they go with all those risks it is easier to decide on our own, make it very inclusive, develop a preference measure that has not been collaborated on a lot and go down that pa, which is what-- i was not that fema five years ago but as my boss tells of seven people got in a permit geopge jenin said we will map the measure, 100% of adnation with a digital map. notice that says 92% of the pulation. it sounded good, it sounded great, seven peoe, we did not have the costs, we did not have the koza secede witling does the plan. just had a couple of people on the set for a bilon dollars congress will give you 100% of the nation wh this new great product. what hapned? the stakeholder sieve not like it

have a pisa proposed legislation for the senate which mandate part 121 operators to implement asap, fuldas and lows of programs into their system. there is one per-- paragraphic caw my i which i will quote from here. the administrator of acting in collaboration with aviation interested parties shall consider the merits and feasibility of incorporating cockpit voice recorder data and safety oversight practices. my question to you is, how you view this? how could this benefit safety and do you support this? >> first of all, let me back up if i could to about a 30,000 food you of what is being proposed there. some caution needs to be used and how we do this. for example of this is mandated one of the reasons that asap programs are voluntary is by not mandating them the faa has no requirement to have that data and therefore does not discoverable. one of the things that makes asap programs work and by the way i am a huge proponent, the very first agreement with david hinson, which by the way was heavy lifting by my colleagues at alpha at the time, but i think we found it is proven to be in a