their home back with a new eighty thousand dollars mortgage the homeowner has gone from twenty thousand dollars in debt to eighty thousand dollars in debt with one hundred thousand dollars asset now in their home the city now has one less home in danger of foreclosure a more stable and realistic tax base the bank is fine and the homeowner can begin building retirement equity as they pay off the mortgage over the years everybody wins even better news richmond's not only is the rich man is not the only city trying to rescue its owners officials in north las vegas nevada california and la went to california all cities in the heart of the sun belt states hardest hit by the housing crisis are also considering plans similar to richmond's as they should according to a study from the alliance for a just society a principal reduction program could produce an average annual average savings of seventy seven hundred ten dollars per underwater homeowners nationwide boost the economy to the tune of one hundred one point seven billion dollars and create one point seven million jobs in richmond alone s

it's going to give more relief to responsible homeowners.ves more options to families who aren't yet red can i to buy. all ta is going to improve the housing market and will improve the economy. about you, and the last key point i want to make, as home prices rise, we can't just reinflate another housing bubble. i mean, i hope everybody here in arizona learned some hard lessons from what happened. housing prices generally don't just keep on going up forever at the kind of pace it was going up. it was crazy. so what we want to do is something stable and steady. and that's why i want to lay a rock solid foundation and make sure the kind of crisis we went through the never happens again. we've got make sure it doesn't happen again. and one of the key things to make sure it doesn't happen again is to wind down these companies that are not really government but not really private sector. they're known as freddie mac and fannie mae. you know, for too long, these companies were allowed to make huge profits buying mortgages, knowing that if their be

who lose when a community exercises eminent domain but this new scheme raises that keeping homeowners in their homes is in the best interest of the community it's not a bad argument however it does remain to be seen if this strategy will hold up in court r.t. aaron aides. normally when you board a plane you have to take your shoes and belt off during the preflight screening process but one man went the extra mile sneaking onto chance there on the little merkel's government plane in nothing but his underwear i could not make this story up if i tried so fasten your seat belts things are about to get ridiculous clutching a bag full of marijuana and ecstasy pills the man said police on a four hour long goose chase in the attempt to catch him during this gala van the man got on the wings of the plane and danced he sprayed a fire extinguisher around the inside of the plane and then went into the cockpit and pushed all of the buttons that's according to der spiegel the incident occurred on july twenty fifth and the man was eventually arrested he is of turkish descent and apparently he got in

there are more than 7 31,000 homeowners in chicago in the same situation. that's more than any other u.s. city. rising home prices have helped reduce the number of underwater homeowners nationwide by 1.5 million, but the percentage of those underwater in the hardest-hit markets remains high. 55% in las vegas, 49% in orlando. full recovery depends on people like the browns landing new jobs. >> we were middle-class, you know? and we were proud of it because we worked our way up for that. >> reporter: do you have somewhere to go? >> we have nowhere to go at all. nowhere to go. only thing i know the places that we would be going is out on the street. >> reporter: a new york federal reserve study found homeowners underwater are a third less likely to move and, norah, the more debt they owe, the greater the chances they won't leave. >> o'donnell: danielle, thank you. there were three winning tickets in last night's powerball drawing for a jackpot that topped out at $448 million. two were sold in new jersey. those winners have not come forward. the third was hold

with underwater mortgages the city is using eminent domain to seize homes with homeowner consent then sell the home back to them at a lower price but as usual all such well intended efforts have unintended consequences and those consequences are being expressed and escaping lawsuits by those who ended up owning the securitized mortgage bond that would include the pension funds which are now facing losses if the suit fails and several other cities are considering a similar eminent domain scheme so the ultimate risk is banks will be less willing to grant loans that the government simply imposes losses m.d.s. investors will be less likely to buy than even freddie paper and mortgage rates will needlessly rise. and apple's on a roll after winning a presidential intervention against samsung recently a federal appeals court just ruled in their favor and a dispute with minor. ironically while the samsung suit would have prevented apple from importing and products the motorola suit might have prevented them from importing android products with its technology it seems loading the company on boa

gerri: it is the show down every homeowner dreads.wanting your home insurer to pay up with a drag you their feet ty your claim. thank you for coming on this show. i think in reality there are a lot of things customers can do to speed the plow and get the process moving. >> with it being storm season it is a really good time to do a home inventory. you don't have to make a huge, long list. take pictures and videos of everything. know your stuff.org's insurance institute app making it easy to keep this in a safe place. you can immediately get that insurance company and that will put you at the head of the line. gerri: some have their own apps they want you to use. sometimes freelance adjusters who say you have a big claim on your home, your worried about getting your adjuster in there in a timely fashion. should you use a freelance adjuster? speaker that is exactly right. independent adjusters coming in from all over the country jumping on you trying to get you to work with them right away. first try to work with your company. and then

insurance from their borrowers so here you have this in pennsylvania people being denied homeowners insurance because they live near a well they've had explosions at some of these one of these houses exploded. vanity fair actually talked to some of these people in the same area and they talked to a couple who have a young child and they sold the rights for twenty five hundred dollars to some company to drill on their land well they their daughter fainted in the shower because of all that me thing on the water so now they've lost a sinkhole of value in their home they can't sell their home they still have a mortgage it's worth zero nobody will buy it for any price and this is the sinkhole of stupid what you can't can't get insurance now one of the basic tenants of capitalism in the. idea of private property is the ability to have insurance but look at warren buffett his entire empire is built on an insurance company called berkshire hathaway without the ability to insure there is no such thing as private property and there is no private property and there's no such thing as anything

insurance from their borrowers so here you have and this in pennsylvania people being denied homeowners insurance because they live near a well they've had explosions at some of these one of these houses exploded. vanity fair actually talked to some of these people in the same area and they talked to a couple who have a young child and they sold the rights for twenty five hundred dollars to some company to drill on their land well they their daughter fainted in the shower because of all that me thing on the water so now they've lost a sinkhole of value in their home they can't sell their home they still have a mortgage it's worth zero nobody will buy it for any price and this is the sinkhole of stupid what you can't can't get insurance now one of the basic tenants of capitalism and the idea of private property is the ability to have insurance look at warren buffett his entire empire is built on an insurance company called berkshire hathaway without the ability to insure there is no such thing as private property and there is no private property and there's no such thing as anything othe

insurance from their borrowers so here you have this in pennsylvania people being denied homeowners insurance because they live near a well they've had explosions at some of these one of these houses exploded. vanity fair actually talked to some of these people in the same area and they talked to a couple who have a young child and they sold the rights for twenty five hundred dollars to some company to drill on their land well they their daughter fainted in the shower because of all that me thing on the water so now they've lost a sinkhole of value in their home they can't sell their home they still have a mortgage it's worth zero nobody will buy it for any price and this is the simple stupid what you can't can't get insurance now one of the basic tenants of capitalism and the idea of private property is the ability to have insurance look at warren buffett is entire empire is built on an insurance company called berkshire hathaway without the ability to insure there is no such thing as private property and there is no private property and there's no such thing as anything other than

manageable rates for people to buy them in their poor keep in their home it's a bailout for the homeowners were still waiting to be bailed out five years after wall street was but i understand it's a clever trick but eminent domain is a slippery slope once you start confiscating people's houses even on a voluntary basis and helping them out what's the next step if you have a problem i'm just saying with trans canada using eminent domain to take people's houses in texas to build a giant pipeline there i do actually let's get to another subject that while many americans spend less than one percent of their net worth on a copy of the washington post amazon c.e.o. jeff bezos spent less than one percent of his net worth on the entire company is this a new trend first i don't buy as dow jones and the koch brothers bought the tribune newspapers now beezus buys the washington post what's next. i have mixed feelings on this i mean i wasn't the biggest fan of the washington post begin with i think lots of newspapers around the country have kind of lost their calling of being a hard investigative jou

this turned this created a new kind of demographic if you like of homeowners and it was this that made thatcher popular amongst certain quarters of the working classes and it was that that made the tories so popular and what made the tories unpopular unelectable for maybe half a generation wasn't tony blair and what a wonderful guy he was it was the fact that so many people lost their homes in the real estate crash of the late eighty's early ninety's because of spiraling interest rates people couldn't make their payments and homes were repossessed so the tories have got this idea that one we cannot let people lose their homes under our watch which is one of the reasons you're seeing such suppressed interest rates and to they're trying to find a magic bullet a bit like what. right to buy was and that's i think what's behind this helped by the trying to turn people into homeowners another interesting fact for you is the fact that people who own their homes are more likely to vote than people who don't so it's an entirely politically motivated policy and it's it's not because they're so d

the homeowners lose, but this new scheme says keeping homeowners in their homes is the best interestof the community. it is not a bad argument that remains to be seen if the strategy will hold up in court. >> when you board a plane, you normally have to take your shoes and belt off during the screening process. one man went the extra mile. sneaking onto the german chancellor posey plane, in his underwear. fasten your >>> hello there. welcome to "newsline." it's friday, august 23rd. i'm catherine kobayashi in tokyo. >>> authorities in egypt have released former president hosni mubarak from prison, but he's not free. the authorities moved him to a military hospital and put him under house arrest. a helicopter believed to be carrying mubarak left the jail in cairo then flew to the hospital. he's

richmond launch add ground breaking new plan to help homeowners who owe more on their homes than they are worth. officials want to purchase the mortgages and help north than 600 homeowners refinance using the pow we of imminent demain if necessary. three trustees responded by filing a lawsuit in federal court yesterday calling for an injunction against richmond's plan. >> santa clara county is reporting the first human case of west nile virus in the bay area. an unidentified woman became ill in july and treated in the hospital. california has seen 14 confirmed human cases of west nile virus, two have been fatal. the fire is spread by mosquitoes and west nile is peaking and health officials advise wear lover sleeves and pants outside when the mosquitoes are active, cover the windows with screen and empty standing water around your home. >> a superior court judge will consider a lawsuit today from the san mateo union while district to get the advance placement test scores of 224 students re-instated. the board threw out the results of the mills high school students after a student repor

>> well, i'll just start, i mean, i am very sympathetic to the homeowner, having lived with no garage for several years, i can certainly sympathize with the practicality and the difficulty of not having a parking space. i think my concern is what mr. sanchez said about it being a substandard space, and while it may be true that you have a car that fits in that space, i don't think that that guarantees that the next homeowner will have that, so it would encroach into the public right of way which i don't think is appropriate under the circumstances, so i would probably support the zoning administrator at this point. i do think that one solution is to petition the city for a permit parking and that's one thing that i've seen other people do in situations where, you know, there isn't the ability to build a garage or a parking pad, and that might ameliorate some of the difficult you described with the off street parking situation. >> yeah, i think when i first listened to your appeal, i wanted to hear from mr. sanchez as to what's the problem here, but he answered that question as articul

last week the family got a letter from the homeowner's association. it seems the swing and the trampoline are against the rules. >> they iewn -- they decided the swing needed to be removed immediately. >> reporter: he is hoping the homeowner's association can revisit this esh you. i tried -- this issue. i tried contacting him and i have not received a response yet. if the board does not allow the play ground to stay, he said he would help build a community park. >> i would donate money that would build something more acceptable to the board. i would like this to stay here until that is completed. >> reporter: as weston continues to recover his family says the swing is a big help. >>> san francisco police say they finally got their man. he is not a suspect though. he is a hero. it is a story you will see only on abc news. an officer was working alone when she responded to a report of vandalism. the suspect started attacking the officer and beating her with her own club and trying to take her gun. he was crossing the street when he saw what was happenin

richmond leaders launched the ground reacting plan to help homeowner whose owe more on their homes than they are worth but the fell housing finance agency which regulates 19 family and freddie mac indicated it would limit or cease business activities in any jurisdiction that uses imminent domain to seize mortgages. this week, mortgage holders and bondholders went to federal court to halt richmond plans saying it could cause investors' losses of $200 million or more. >> san jose's gold club is now open for business. the gentleman's club is located in the heart of downtown and that is drawing criticism from surrounding businesses and elected fills. they contend a bikini bar is not the image people want if downtown. supporters say the club is just another part of downtown renaissance and celebrates the grand opening this weekend. >> pg&e is investigating why proper procedure was not followed in dealing with a ruptured gas line in burlingame. a construction crew ruptured a gas line downtown yesterday morning. we reported it and pg&e was called immediately. however, no one called the burling

point five billion dollars on consulting fees leaving only pennies on the dollar for the damaged homeowners what was left turn into an embarrassing spectacle as many checks bounced and were sent to the wrong addresses the consultants included problem and tory financial group to avoid and ernst and young they were the winners in this deal and that same speech obama in arizona obama went on to talk about the need for private capital in order to have a stable housing market. actually believe in the free market believe the housing system should operate where there's a limited government role and private lending should be the backbone of the housing market. really well how do you explain the eighty five billion dollars per month that the federal reserve is buying to prop up the housing market not once in his entire speech did he mention the federal reserve how can we talk about housing without addressing the biggest player in the market president obama didn't mention everyone drank the easy money juice the fed ford to distance it was the fed who poured it the president said too many people took

foundation for middle class homeowners he outlined several housing initiatives to boost the economy and spoke about a case of an ministration one against predatory lenders. over the past few years we had the department of justice stand up for buyers who had been discriminated against or conned by predatory lending and we won a settlement that gave more money to victims of discrimination in one year than in the previous twenty three years combined. one point five million families received settlements on this housing discrimination case a win for those affected but another housing case obama doesn't want to talk about is the end dependent foreclosure review this case affected four million homeowners who were wrongfully foreclosed on and kicked out of their houses after winning a nine point three billion dollars settlement three federal agencies were tasked with overseeing those funds but the administration failed to provide proper oversight first they spent one point five billion dollars on consulting fees leaving only pennies on the dollar for the damaged homeowners what was left turn in

last week the family got a letter from the homeowner's association. it seems the swing and the trampoline are against the rules. >> they iewn -- they decided the swing needed to be removed immediately. >> reporter: he is hoping the homeowner's association can revisit this esh you. i tried -- this issue. i tried contacting him and i have not received a response yet. if the board does not allow the play ground to stay, he said he would help build a community park. >> i would donate money that would build something more acceptable to the board. i would like this to stay here until that is completed. >> reporter: as weston continues to recover his family says the swing is a big help. >>> san francisco police say they finally got their man. he is not a suspect though. he is a hero. it is a story you will see only on abc news. an officer was working alone when she responded to a report of vandalism. the suspect started attacking the officer and beating her with her own club and trying to take her gun. he was crossing the street when he saw what was happenin

what kind of effect is that going to have on homeowners? will do is will eliminate the government backing to a degree for homeowners. it will eliminate the guarantee that stands behind a homeowner saying i have the government behind me in case i default. it will make sure that the private loans are wiped out first before government guarantee is kicked in. it's an interesting proposal. it will be interesting if the president is able to work with congress to get this through and get this done. there's a lot of proposals that have been made, but it leaves them on the floor. or he's unable to get congress to bring it to life. you have to make it happen. >> on the whole, could it boost the economy in any way? >> it will not move the needle too much. he's going to phoenix to announce this. that's where the crisis started. in phoenix they have rebounded very well and better than most places. as part of a package, it will be an important piece. >> chelsea clinton is talked about moving the needle in the political realm. she's in africa dealing with

last week the family got a letter from the homeowner's association.t seems the swing and the trampone are against the rules. >> they iewn -- they decided the swing needed toe removed immediately. >> reporter: he isoping the homeowner's association can revisit this esh you. tried -- this issue. i tried contacting himand i have notreceived a response yet. if the board does not allow e play ground to stay, he said he would help build a community park. >> i would donate money that would build something more acceptable to the board. i wod like this to stay here until that is completed. >> reporter: as weston coinues to recover his family says the ing is a big help. >>> san francisco police say they finally got their man. he is not a suspect though. he is a hero. it is a story y will see only on abc news. an officer was working alone when she responded to a report of vdalism. the suspect started attacking the officer and beating her th her own club and trying to tke her gun. he was crossing the street when he saw what was happening. he grabbed the suspect a

homeowner san mateo says a woman who looks similar to the suspect in this sketch from union city police knocked on her door sunday. the suspect is said she was from animal control and she needed to go inside to check for snakes so the woman let her in, but the homeowner says she became suspicious when the scammer told the family to go into the backyard. they refused and the suspect eventually left without any problem. in this case, nothing was stolen. but in the first case reported, the homeowner lost some cash and also some jewelry. >>> a new bill focusing on limousine safety following that tragic fair on the san mateo bridge faces a critical vote in sacramento today. the state assembly appropriations committee is considering the bill authored by local state senator, jared hill. it would require all limos to have two fire extinguishers and pass an annual inspection by the chp. right now, only limos that seat ten or more people myrust meet those requirements. the limo that caught fire in may was licensed to carry eight passengers, therefore foreno fire extinguisher was on board. five wo

its effect on individual homeowners.all these incentives, this tax deduction to fannie mae and freddie mac who get people on the margin of renting and buying and even before that margin when they should be renting to buy and that creates a different world for the industry. you build a lot more houses that are to be bought instead of to rent. so even people who want to rent end up not being able to find the housing stuff that you would need to raise a family particularly in a lot of urban centers and then you end up having a situation where they need the mortgage interest tax deduction and fannie mae and freddie mac and the politics of it begin to feed on it self such that homeownership becomes absolutely, you know, entrenched as this incredible bias in american public policy. >> right. it's like if one person stands up at a stadium they're fine but when everyone stands off, no one is better off. mortgage interest deduction going into the housing market raises prices in such a way that it kind of gets eaten into whatever

in trouble. >> a lot of homeowners they just don't fall through the cracks.hey fall through the crevices out there. >> reporter: mark also says with eager buyers jumping on rising mortgage rates banks are moving faster to get people out of foreclosed properties. >> the banks are just pushing to evict people to do auction sales. >> reporter: after trying a number of other agencies to save her home, juanita's family called consumerwatch and we called citibank with naca's help. the bank rescinded the sale of her house and she will now own the house free and clear. citibank would not discuss specifics of the case but told us juanita's case was conducted properly. it couldn't explain why she got the letter telling her to stop making payments. if we can help you with a consumer problem, call 888-5- helps-u. so happy ending. >> emotional trauma she had to go through. >> reporter: but she gets to keep her house. >> that's good. thank you, sue. >>> the man behind facebook mark zuckerberg wants to make the biggest positive impact in the world. and to do just that, face

the red flag warping is keeping firefighters and homeowners on heightened alert. homeowners are asked to keep 100' of defensible space around their home, if lightning strikes the hillside can explode in minutes taking homes and property. amy hollyfield will have more on the fire concerns after the to which the hour. >> a sit in that began at city hall is over after police broke it up. 20 to 30 people, many of them city college of san francisco students were released after 12:45 part of a grouch 100 protesters cali -- rallying last night at city hall in hopes of keeping accreditation until reforms are made at the college. >> it is not clear why the mayor will not meet with students so it was decided we would case hoping that the mayor would listen to us and meet our demands but rather than doing that he calls the police to arrest us. >> protesters demanded the mayor support the dropping of sanctions by the accreditation committee and fire the special trustee appointed by the state. >> there is an event honoring civil rights unions and protesters encouraged the mayo

homeowners do have the hoses out.e stations are also staffed and they say bringing in extra people. now the conditions are cool with a little bit of fog. and let's go to lawrence for more on the possibility of lightning could be. >> yesterday started out calm similar to today but by the afternoon and evening hours, saw what happened. start to see that build up and before you know it, the thunderstorms start to erupt. you can see over the past 6 hours, numerous lightning strikes. over 11,000 cloud to ground lightning strikes being measured outside. looks like we are starting out calm. but that could change. temperatures now thick fog toward the coastline. 50s and mild 60s inland. not as warm as yesterday. the core of the low remains off the coastline. moisture in our direction and we see thunderstorms. be prepared for some of that today. temperature wise, cooler. 80s to low 90s inland. and 60s out toward the coastline. but those thunderstorms a real possibility again and probably through tomorrow too. that's the latest

many homeowners have fire hoses ready. reporting live in the berkeley hills, i'm sue kwon. >> a lightning strike is blamed for fires in california right now. there are also three fires burning in far northern california. one of the biggest fires this morning is the american fire in the sierra nevada. scorched nearly 15,000 acres in steep terrain. 2000 firefighters are on the fire lines. 53% contained this morning. and some of the areas burned have not had a fire in more than a century. people are allowed to return to their homes sweetened by the swedes fire. one home and several out buildings were burned. more than 300 buildings are still threatened. evacuees are worried about what they'll find when they go home. >>> one of the fires could change travel plans. the rim fire closed -- the fire is also led to evacuations in the buck meadow area. >> new details are about to be released in the closure and reopening of the bay bridge. cate caugurian explains this comes amid debate over a big bonus the contractor may receive. >>

talk about protecting the homeowners. they will stay here all night long at this house to provide the strike team protection that is necessary. i spark could get going up here and it's too windy a road to come up in the dark so they will stay here all night long. there is a day there were back fires, and down in yosemite, and trying to protect hetch hetchy. these fire is erratic. michael williams is on the rim fire command team. >> but get this massive fire and columns in different areas, fire creates its own wind. when it settles down on the fire, it spreads the fires in a different suppression. >> the hetch hetchy reservoir, the worry that ash could get into the water and contaminate it. the water supply is in no immediate danger. crews powered water on the ground to protect some 2,000 sequoias. is a monte smith has been listing at a shelter since fleeing her home last week. >> if you were standing on my front porch, you'd be looking at flames. >> you don't know whether the home is standing? >> we don't know if it's sta

they don't think homeowners need that at this time.will talk about other things as we go through the morning. if you want to ask a question, you can do so with these numbers -- if you want to send us a tweet, it is @cspanwj. you can also e-mail at journal@c-span.org. fannie and freddie, what are they and what are the proposals? guest: they rt into how our financing -- are housing system exists now. what the president wanted to do is somehow dismantle and get rid of these firms. they back all of u.s. home loans. they buy loans from lenders, the apackaged them, and then number of securities are sold to investors. the government guarantees that insurers and interests and principal will be paid on those lonans. the are the linchpin of what makes a 30 year fixed-rate rate mortgage available to most consumers. host: during the financial crisis we are propping them up with money. caller: we are still seeing that money go out these two firms. these firms have taken close to 100 $88 billion in taxpayer funds. not ablethey are to fully repay tha

years we have budgeted $42.8 million for new affordable housing development for helping first-time homeowners including first responders with down payment assistance and preserving and stabilizing existing housing. here's a fact. every public dollar for new affordable housing development will be leveraged with two private dollars. all of these investments are needed to protect the housing stock in our city and to make sure san francisco can be affordable. and we are doing it smartly with some of the strongest tenant protectionses in place. the small businesses are at the heart and soul of our local economy. my proposed budget includes funding for an online business portal to cut through bureaucratic red tape and make it easier for an entrepreneur to start and operate a business in san francisco. this budget continues my invest in neighborhoods initiative that is creating customized plans in 25 different neighborhood commercial districts and providing job squad and providing a job squad that brings city hall to our neighborhood businesses. and because san francisco's truly a global city, we're

that means homeowners owe more in their mortgage than the house itself is worth.k and red areas have 30% to 100% of their homes under water. in contra costa county, california, near san francisco, 33% of the homes are under water, according to this data. but one town in that county is finally doing something about it. the city of richmond, california, has offered to buy the mortgages of more than 600 underwater homes at market value from the banks that hold those mortgages. richmond's mayor gale mclocklin says the city would help the homeowners refinance at an affordable rate. if the banks refuse to participate the city is prepared to use eminent domain to buy those mortgages. joining me to explain this man is richmond mayor gail mclaughlin. why are you going to do this and how's it going to work? >> well, let me tell you, chris, the housing crisis is not over in the city of richmond, california. just last year alone, we had over 900 foreclosures. and nearly half of the mortgages in the city of richmond are under water. and this clearly destabilizes families, dest

they're getting a sweet deal and homeowner is forgiven the debt. bank gets hosed.e else profits. why would the bank ever make a loan again. >> if that were e story i would agree with you. that is not actually what happens. essentially what happens -- melissa: where did i go wrong? >> well, in multiple places. first of all we're not really talking about banks here, right? let me tell what you the idea behind the plan is. anytime you've got a really way underwater loan it is subject to immense default risk, right? that means the loanh a lot less because it might default and foreclosure costs are high. for that reason banks typically write down loans. they tend to work out arrangements with current homeowners and debtors and work out some kind aftereduced principle on the loan. melissa: that is not happening. >> no, no. that is happening, melissa. that's the point, it happens with banks, with scalled portfolio loans. where it doesn't happe with securitized loans. so the $64,000 question five, six years ago why does it not happen with securitized the way it happens wit

foil want to purchase the mortgages and help more than 600 homeowners refinance a new loan with a newate. they would use the power of imminent domain to do it. three mortgage bond trustees responded by filing a suit in federal court calling for an injunction against richmond's map. >> a superior court judge will consider a lawsuit today from the san mateo union while district to get the we advanced placement test scores of 224 students re-instated and the board that oversees the tests threw out the results of the pills while students after one reported that some students were seated at round tables and not facing the same directions as required. officials say the students were closely supervised and they are confident this was in cheating but if the results are not re-instated the 224 students have to study to take the exam again or they would be last to take a lower level course in a given subject when they enter college. >> there are new multi-millionaires this morning and they are the holders of three grand prize tickets in the powerball jackpot. a purchase was made in minnesota an

a group of homeowners who have taken on big banks.he congresser holding the seat from silicon valley is in for a big fight. stick around. documentaries that take you inside the headlines, way inside. (vo) from the underworld, to the world of privilege. >> everyone in michael jackson's life was out to use him. documentaries that are real, gripping, current. if you believe in state's rights but still support the drug war you must be high. >> "viewpoint" digs deep into the issues of the day. >> do you think there is any chance we'll ever hear the president even say the word "carbon tax"? >> with an opened mind... >> has the time finally come for real immigration reform? >> ...and a distinctly satirical point of view. >> but you mentioned great leadership so i want to talk about donald rumsfeld. >> (laughter) >> cutting throught the clutter of today's top stories. >> this is the savior of the republican party? i mean really? >> ... with a unique perspective. >> teddy rosevelt was a weak asmatic kid who never played sports until he was a g