counter parties to make good on their bets in the derivatives market as a response to central banks kamen and effectively added more liquidity more fee out money more systems complexity with tara. and other fines other debt facilities more layers of debt more layers of complexity so the question is is the system now five years later or more fragile and prone to systemic collapse that it was a two thousand and eight or is it last fragile or is it the same what we have is a system that used to be able to stand as a building because it had all of the beams and structures in place in during the deregulation which is not that long ago i mean the banking deregulation happened at the same time as the commodity market deregulation and the stock market deregulation happened in july of two thousand and seven only months before the market laughs so all of these major actions of the regulation are all very recent what we've done is we've taken out the support structures of the konami care of the of the market activity and as a result we have an unstable system a system that is cheap teetering and tau

eight entities he apparently invested in based in the kamen isla -- cayman islands. why there?and entities are typically set up to avoid u.s. federal taxes and under current cayman island laws the entity doesn't have to pay taxes on the islands either. this is legal but makes you wonder why that person might put money in the cayman islands or answer questions about that if they were running for president of the united states and not president of the cayman islands. we have known this from the one year they released, we know some investments were off shore and that is one thing do you to avoid paying attackses but we have the trove of documents at gawker putting in black and white the tax avoidance benefit of what purports to be mr. romney's money in the caymans and yeah, this is the story that the campaign has been hoping to push out of the news cycle all summer long. they probably thought they finally did it with the announcement of paul ryan two weekend ago but honestly worked about a day as a distraction before everybody went back to asking the tax returns. then this week so

hurricane watches up for his n panola and tropical storm warnings as you move into cuba, bahamas and kamen islands looking at problems, as well. saturday it's over land, 2:00. still a tropical storm and sunday it makes its way out in the water by early monday morning it's coming across key west as a tropical storm but then it gets out into the warm waters of the gulf. it starts to strengthen and it become esesse ess a category 1 between new orleans and pensacola around 1:00 a.m. as a tropical, or a hurricane. we are not looking for a lot of wind, but a lot of rain. that's what's going on around the country, here's what's happening in your neck of the woods. >> good morning, i'm team 4 meteorologist tom kierein. just a few clouds coming over now and turned more humid overnight. right now the low to mid-60s much of the region near 70 in washington and near the bay waters. shenandoah valley 60 and into the 50s and up to mid to upper 80s and cloudy tonight and over the weekend, a lot of clouds might get a passing shower saturday morning or afternoon thundershower and maybe a >> and that's your