paul rico who died in jail before he could reach trial, john connolly another one, john morris w.h.o. was immunized, all played varying levels in that corruption. but we also had it at the local level too. >> what did washington know and when did they know it? >> washington was happy with the success that these people brought in for the prosecution of la cosa nostra, the italian organized crime. so they really didn't look very deeply into the relationship with bulger. >> who is this john connolly fellow? apparently whitey bulger called him zip, because they grew up in the same housing project when connolly went to boston college. joined the fbi as a young man, had a couple of postings before he ended up in boston. he was in charge of confidential -- he had his own confidential informants and recruits james "whitey" bulger as one of them. he tipped bulger off about witnesses and informants who could testify against him. they wound up dead. michael kendall is a former federal prosecutor and told "the new york times," "this was the worst case of corruption in the history of the fbi. it w

for example, john connolly joining the mpc in later on this year, forward guidance is in place and let'st is tied to the unemployment rate, which i don't think anybody expects to come below 7% for the next two or three years, are you tying john connolly's hands here in terms of his independence as an mpc member and his judgment on whether to change the policy style? that independence in membership was always seen as a great strength by governor king over the monetary framework. there is an argument to be had it becomes more difficult for central bankers globally, particularly for the mpc, about how forward guidance interacts with their independence. again, this is a new area, new paradigm for monetary policy and we have to learn by doing. >> i can't help by feeling slightly hamstrung that the market is not expecting a great rise in 2015. they don't come up with something, that pricing will no doubt change. thanks for joining us. kevin sticks around. also still to come, we'll be bringing you the opening comments of mark carney's statement here on "worldwide exchange" at 11:30. viewers in

john connolly, his f.b.i. handler, is now doing 40 years for murder in florida. this was the end, this was the denouement, this was tend of it all whitey going to trial. so we've actually known this. so the damage for the f.b.i. was done, and that's one of the conflicts we saw. the victims' families did not like the way the government presented this case because they believe the government was minimizing f.b.i. and justice department corruption. and that was a tactic. the f.b.i. did not want to -- that was bulger's defense. it was like don't pay attention to me, pay attention to the corrupt f.b.i. agents. as the jury saw through it, judy, the f.b.i. clearly enabled and actually helped whitey bulger kill people but at the end of the day it wasn't the f.b.i. that shot people in the head, buried them shallow graves and removed their teeth for identification purposes, it was whitey bulger. >> woodruff: a remarkable story. kevin cullen with the "boston globe," thank you. >> thank you, judy. >> ifill: we continue our ongoing look at surveillance and privacy. tonight, w

under him, corrupt agent, fbi agent john connolly. and next to them whitey bulger. >> we still don't know if bulger will take the stand. what is going into the process as to whether he will testify or not? >> well i think there are two things happening here. one is do we think about this trial as a win or lose? if we look at it that way, then we totally miss the boat. what this is about, i say, is whitey's legacy. whitey either is going to take the stand. what does he have to lose? what happens if he gets questions from a prosecution that want to show that perhaps he was an informant all the way bok to back to the 50s? what's the judge going to do to him? the judge can't do anything more. so whitey could be the mastermind by saying what i want doesn't matter if i'm found guilty, just let me say my piece. or he may have seen how fitzpatrick was pummeled and other good agents have been pummeled on the witness stand who are simply there to show the corruption or to show the mishandling of cases by the fbi, and he's writing, writing, writ

john connolly said take them out into the rose garden and burn them. of the watergate portion of that tape. >> quickly, why did it take so long to reach this conclusion? >> because it dropped. as soon as nixon resigned, nobody was indicted, there was no criminal proceeding, it totally dropped. everybody looked at can we technically recover this. nobody has looked at all the circumstances and talk to the experts who actually were talked to back at the time but never had their five minutes. >> and now with this new revelation, does it change anything do you think? >> you know, i think to me this is further evidence that the president was in what we call lost frame. john dean and i see a ledid a c attorneys. when you have two situations like bill clinton, i've got to say something bad, you will act irrationally and this was richard nikds acting irrationally. >> thank you both. >>> imagine a navy of one million ships and boats. that's how many vessels have passed through the panama canal since it opened 99 years ago. we'll show you how this important chann