>>> the trustee seeking money for former clients of bernie madoff you filed a lawsuit against jp morgan chase calling ed the bank "will fully blind and thoroughly complicit and aiding the imprisoned pronzy schemer's fraud." >>> finally, two entrepreneurs in the college town of boulder, colorado, have launched hangover helpers. for 15 bucks a roommate, they deliver morning after burritos and gatorade to ease aching heads and stomachs, and they clean up the mess left from the night before, which for $15 actually sounds like a bargain. >>> coming up -- fly, eagle, fly. a crazy ending in the desert. and how not to celebrate a goal. plus, love him or hate him, and welcome. there's a reason lebron james is known as "the king." your early morning sports headlines are just ahead. >>> a mideast storm for the plains and the weekend forecast is all coming up. you're watching "early today." >>> good morning. if you're just waking up, this is "early today." and in sports, all eyes were on lebron james' much anti-ed return to cleveland last night, and he rocked his former home. here's nbc's fred roggin wit

a trustee claims jp morgan chase was willfully blind to the fraud after numerous red flags. the bank says the trustee is distorting the role. madoff is serving 150 year sentence. >>> facebook is expanding its office in washington and consulting with privacy advocates. this comes after how well facebook protects the personal information of its user. three years ago facebook didn't have a presence in washington, d.c.. now it's working out with lawmakers. >>> well the thrill of victory and the agony of defeat. find out how one high school athlete experienced both in the same race. why she was so determined to finish. >>> also officials accuse a san rafael woman of cutting down trees so she can have a better view. why the woman was concerned about the safety of others. >>> good morning traffic on interstate 880 looking pretty good so far. we will tell you about the morning commute straight ahead. >>> good friday morning. time now 5:26. we still have mostly cloudy skies. a few lingering rain showers from ray lay hoe to -- from vallejo to bearfield. >>> something happening later t

claims jp morgan chase was willfully blind to the fraud even after numerous red flags surrounded madoff. executives of chase says the trustee distorts the banks role. madoff is serving 150 year sentence in federal prison. >>> one of the cities best known office buildings is almost full despite tough economic times. the former bank of america building at 555 california street was home to several wall street tenants but other tenants have expanded to take on that place. now only 4% of the building is empty. >>> time now 6:23 am fascinating story. a local high school athlete that goes the extra mile at the championship but she had to crawl to get there. why she was so determined to finish that race. >>> officials accused a san rafael woman of cutting down trees so she can have a better view. >>> traffic is moving a long pretty well on 24. we'll tell you about the morning commute straight ahead. >>> good morning right now traffic on bay area bridges looking pretty good westbound as you come up to the little of bay bridge park. san mateo, golden gate, and richmond bridge doing really well. >

. >> five largest are citigroup, bank of america, jp morgan chase. lls far go and goldman sachs. >> bill: all of those companies, and they received a lot of dough, city corps keep that up there. 45 billion. bank of america 25 billion. jp morgan 25 billion. wells fargo 25 billion. and goldman sachs 10 billion. they have paid every cent of it back? >> plus interest. >> >> bill: plus interest. so we are square with them? >>. no because the fed bought their toxic assets and fanny and freddie bought a lot of these toxic assets. a trillion dollars worth at the fed. what are they really worth? mortgage backed securities? $20? $10? we don't know. >> bill: the federal agencies bought some of their garbage? >> right. we're not even on this deal. >> bill: all right. good point, stossel, that's why we have you on the program we gave them the money outright. >> forced some of them. >> bill: they paid it back. also the taxpayer bought some of their garbage investments. >> hundreds. >> bill: here are the companies that didn't have largest that haven't paid it back.

in front of our clients, telling our success story, meeting--you know, i met jimmy diamond at jp morgan chaseday a very large client of ours. why? because i've solicited meetings and made sure that we were in front of clients explaining openly what the situation was and how we were going to go and fix it. and i think at the end of the day, it's delivery. if you promise something, you sit in front of your lenders, you sit in front of clients, you need to deliver. and i think what entrepreneurs are extremely good at doing when they have their passion is delivering results. - stéphan crétier, i can see how you got through it and why you got through it. long life and good luck to you and to garda. - thanks very much. - from the recession to the recovery. stéphan crétier was our guest this week on entrepreneurs: the dobson series of the world show, and that's our program for this week. i'm bob scully. thanks. closed captioning by sette inc.

bank holding companies are held by four firms -- bank of america, jp morgan chase, citigroup, and wells fargo. that is a very high level of concentration, historically. it is married by those firms -- irrored by those firms' participation in the mortgage market. they originated 57% of all mortgages during the bubble, particularly 2005-2007. how much money are we talking about? those who got to firm's service mortgages with principal amount of close to $6 trillion -- those four firms service mortgages with principal amounts of close to $6 trillion. one of the things about financial policy is that the numbers involved tend to be kind of mind-numbing. how much is $6 trillion? the total tier-one regulatory capital, one of the key measures of the solvency of banks, the total of those four institutions is $500.30 -- $535 billion, approximately 1/10 of the principal of the mortgages they originated and service. what does that mean? is it big or little? what are the implications? long before you get the zero regulatory capital, a bank will be destabilized. these large, integrated, universal ban