i am jim warren with my colleague, friend, and former boss, jim o'shea, former editor of the "los angeles times" former managing editor of the "chicago tribune" and i thank you for the space that i didn't realize until an hour ago is an appropriate place begin the title of the book because the book reinvolves around two deals, one clearly an auction. what you may assume is that given our relationship, the, you know, the fixes in here, this is going to be 45 minute or an hour of mutually agreeable score settling, and there are a lot of scores to settle, but indeed the fact is that if the fbi had wiretapped our conversations in the same way they had wiretapped those of happen less former illinois governor, you would find the no shortage of creative tension between us for periods of time, and as one late former colleague of ours, former foreign editor of the paper put it, evidence of jim's celtic wage. i occasionally was the target of. i'll be very, very short. the most interesting thing in the book about jim o'shea personally refers to him being a st. louis native and graduate of a military

jim. [applause] >> thank you. i am james warren with my colleague and former boss james o'shea. the former editor of the "l.a. times" in managing editor of "the chicago tribune" and i want to thank for offering this space that i did not realize was a very purpose base giving the topic of the book as the auction house since it revolves around two deals one is clearly an option. you may assume given our relationship this will be 45 minutes of one at our of scores saddling and there is a lot to settle that if they had wiretapped our conversations in the same way of a haplesser governor you would find nove shortage of creative tension between us for periods of t time 18 former colleague wrote the killed six rage the most interesting saying in this book personally about jim to o'shea refers to him being the st. louisve native and graduate of a military high-school run by the christian brothers' "the only thing i really learnedaugh why is how to take a punch. [laughter] he finished the third lowest in his class in the older sister suspected he was destined for a career in newspapers w

darling of wall street, after getting the stamp of approval of warren buffet, arguably the nation's most respected investor. bank analyst jim sinegal says that endorsement comes at a steep price. >> basically, if things go poorly and b-of-a has to raise more common equity, that will actually lower the risk of his preferred stock investment. if things go really well for b-of-a and the company is earning $1.50 to $2.00 a share, trading at $15 to $20 in a few years-- actually, any time up till the next ten years-- buffett will be able to buy that stock at $7.00. >> reporter: in a statement, buffett explained why he picked b-of-a, saying "i am impressed with the profit-generating abilities of this franchise, and that they are acting aggressively to put their challenges behind them." the deal is similar to the one buffett made with goldman sachs in the depths of the financial crisis in 2008, except this time, the dividend is less. but it's clear that b-of-a still faces big hurdles, like billions of dollars in problem mortgage loans. analyst erik oja says b-of-a also faces liability and legal bills related to the sale of rotten m

warren p.a. was on the task force. >> jim fish, he a former fbi agent and criminologist studied the case from the beginning. >> you have 50 people running around, randomly conducting leads with very little coordination. no one really seemed to be in charge. >> from the outset, he believe the fbi, the erie police, all the law enforcement agencies involved were on the wrong track. this was not, he says, a bank robbery. >> you believe brian wells was murdered. >> he was murdered and it was a first-degree murder. this was an intentional, premeditated homicide. moreover, it was extremely cruel in the way the crime was executed. >> not just the crime, the actual bomb was a crude masterpiece of someone's twisted art. police would find intricate decoy cables, home made lock. it all made into a bizarre puzzle, wrapped around the neck. victim. and whatever this was, a bank robbery, a violent murder, the case was about to take another bizarre, almost unreal twist. >> there is a frozen body. it is in the freezer in the garage. a second body. this one hidden in the freezer. a new suspect telling an even stran

jim huber, nice to see you. thank you. >>> polygamous leader warren jeffs just found out how much time he will spend in jail aftervicted of sexual assault on a child. the sentence right after the break. >>> about half past the hour. let's take a look at some of the headlines and other news you may have missed. the dow is up right now, 167 points, as investors await possible action by the federal reserve. today's previously scheduled fed meeting takes on new urgency after yesterday's stock market plunge in the wake of the u.s. government's credit downgrade. we're expecting the announcement from the federal reserve at 2:15 eastern, just about 45 minutes from now. full coverage for you next hour. >>> president obama was on hand today as the american troops killed in the deadliest day of the afghan war came home. the remains of the 30 troops including 22 navy s.e.a.l.s killed in a helicopter crash in afghanistan arrived at dover air force base in delaware earlier this morning. the president, defense secretary leon panetta and joint chiefs of staff chairman admiral mike mullen were there for the somber transfer ceremo

jim. an american living in pakistan was kidnapped from his home by gunmen in the town of lahere. the u.s. embassy said he is warren weinstein and believed to be a contractor to work to strengthen competition. >> is syrian tarvings and armored personnel carriers are in a security sweep that killed three people there in an attempt to disperse the protestors that are demanding the olster of bashar assad. these protests have been ongoing since march. f.b.i. agents, have served the maryland home of the many held in aruba. the 35 year old american woman. gary vacationing with robin gardner before her disappearance. search warrants were executed on the home last night. arubian authorities don't believe she is still alive. part of the country that dperately needs rain will not be getting it just yet. meteorologist maria molina is standing by with more on the hot forecast, maria? >> that's right. we are talking about triple-digit in store for texas unfortunately. we had a break on thursday and we stopped the streak of hundred degrees weather for dallas, texas with 40 son consectative. one break and back to the triple-digit

jim boulden, thank you for the perspective overseas it is all interconnected. thank you, sir. >>> he says's man of god a prophet, but a texas jury says warren jeffs is a child rapist. coming up,le polygamous sect leader is sentenced today. wait until you hear his bizarre proclamation again in court today. >>> plus acre tension all space nerd he is, nasa making a major announcement about mars. what scientist says they have found that could change your thought about the planet what could it be? stay right here. well-being. we're all striving for it. purina cat chow helps you nurture it in your cat with a full family of excellent nutrition and helpful resources. purina cat chow. share a better life. handle more than 165 billion letters and packages a year. that's about 34 million pounds of mail every day. ever wonder what this costs you as a taxpayer? millions? tens of millions? hundreds of millions? not a single cent. the united states postal service doesn't run on your tax dollars. it's funded solely by stamps and postage. brought to you by the men and women of the american postal workers union. ♪ ♪ i'd do anything for you dear ♪ anything cause you mean everything