back in one thousand nine hundred two ken lay wanted to make money hustling energy to rivet but it was illegal so the chairwoman of the commodity futures trading commission who had regulatory power over this were appointed by ronald reagan in one thousand nine hundred eighty eight when he was wendy gramm she made us then this is when he made a special exemption just for enron. six days later she resigned her position as head of the c f.t.c. and five weeks later became a member of the board of directors of enron making millions ken lay's enron men set up over two thousand subsidiary corporations over eight hundred of them offshore in tax havens and begin jacking up the price of electricity especially in california ken lay had a secret meeting with movie actor arnold schwarzenegger and shortly thereafter california was in huge trouble as was its governor gray davis we all know how that played out meanwhile wendy's husband u.s. senator republican senator phil gramm got over a million dollars for his senatorial campaign from enron push legislation in congress to do regulate derivatives

dimitri's at the business desk at the new center for investors in russia cannot make up their minds ken lay out the election it seems up there was a set of numbers that does seem though kevin there's a bit of confusion in their minds because the markets are going up the nose that are going down and then they're going up again well analysts say that the future of the country's markets really depends on the improvements of the newly elected president will bring in peter weston from us on capitol outlines for the two possible scenarios. it would obviously be that we have a very formal approach and coming in and that he also gets a cabinet that is filled with sort of liberal minded individuals like could really be profitable have a role in the government as well and that the focus of structure is to show reforms also that they may look at the state owned companies improving transparency that will be a major catalyst that will be tremendously positive for the markets but a return to a police state would be absolutely worst scenario i think that's very unlikely scenario but that obviously would m

gramm blew that up because his wife when he was on the board of enron and this made a fortune for ken lay literally made forty million bucks like that forty billion dollars and and now we've got bankers who are old and seventy percent of our competitors if we don't i think we should go back to what worked from thirty five to two thousand and i wouldn't argue with that because me again speculators are the problem it's just there you do a regular job and i know what i'm saying xander for i was wrong it's better for us in the long range if we let prices be high because the alternative energy which is our future is pure which is our future also if your view is that if they were going to get to know you would be over seven thousand times i don't know what do you have it. last question this week president obama's re-election team released a new documentary highlighting the president's successes over his first term take a look. and time again we would see rewards from two of the solutions. for quick political gain. but for long term and enduring change. so when we remember this moment. and consi

you think that to ken lay and jeffrey skilling. anybody remember their children being chased to the streets by photographers and paparazzi quiet though. monsters, organized crime figures, mrs. monster? anybody or rather her be dragged into the spotlight? no. the gotti family notwithstanding to speak to the spotlights themselves. that is noteworthy exactly because it's so unusual. so it's not unreasonable for madoff to expect they would be left alone if if he stood up to confess his crime and took the heat. he was absolutely wrong. and what they experienced was a remarkable trial by fire. if you accept that they were innocent and then read what happened to them, i think you'll find it hard not to feel some compassion for at least those members in the madoff family. >> what to think he was? the sheer numbers? >> i thought about that. why was it as a society we are so far out of our normal reaction. i think he was the time. i think it was the anger, the sense of public trail, that everyone felt in the fall of 2008. there were a lot of

ken pritchett in tonight forwen wayne. >> the military said a u.s. soldier acting alone opened fire on afghan civilian as they lay sleeping. unidentified soldier killed 16 civilians, including women and children. the u.s. and afghanistan have condemned the attacks, but the massacre does nothing to help the strained relationship relations between the two countries. conor powell with latest from kabul. >> reporter: this is where locals say some of the victims were shot to death before dawn in kandahar province. some lay here an others taken away on the flatbed of a truck. vivalageers are unease y- weeping openly. >> in total 16 people have been murdered. >> reporter: afghan president harmed karzai says, "assassinations happen here. karzai says the intentional killing of innocent civilians cannot be forgiven." among the dead, women and children. the mass shooting happened only 500 yards away from a us military base. one american service member is being held in connection. >> yesterday he returned to the base and was taken into custody straight awain and the investigation is ongoing. >> reporter: defense secretary pa

lays. anyone -- delays. anyone and anyone heading out there should call ahead. and ken, you are a pilot. reason why there's so many delays is the runways run very close together. >> yeah, and they institute flow control. instead of a plane landing every 30 seconds, they land every minute. >> okay. >> the good news, you don't have to rush to the airport. you might want to give yourself extra time, though, because it's messy out there. >> in addition to the flow control -- ken, you are a pilot, you know this -- they come in on different runways instead of coming in on runway 2-8. they come in on 19. the pilots are not as familiar so you notice if you are a resident in the area, the planes are coming in a different way, yes, they are. >> this is a live picture. the roadway is flooded here in recall sonoma county near the y. this isen on highway -- this is on highway 21 near 112. just about a half-mile down from the shellville grill, completely shut down because of deep wanding water. if we -- standing water. if we zoom in, you can see a couple of people didn't see it. that's when caltrans i

laying off 4,300 workers when he moved a business. >> no. that's unfair to other very wealthy people. we have a lot of people with great wealth in american politics. franklin convenient, senator kenn senator, john kerry. there are a number of people. wealth does not explain callousness. you can be very wealthy. warren buffett certainly is. bill gates, and have some compassion. in mitt romney's case, he simply has decided to go with whatever will advance him. and we are at a point in american history when the right wing has taken over the republican party to a degree that no ideologically farout group has ever run in the american party. they want to substantially increase. they want to go further in afghanistan and invade syria, do all these other things. cut taxes and reduce the deficit. the only way you do that is by cutting social security, medicare and every program that tries to enhance the quality of life at home. >> congressman barney frank, you have given us an excellent description of mitt romney and help us understand the paul ryan budget. for that we are grateful. thank you. >>> stay with us. >> it's time for wisconsin to do what i did the other day. in sheboygan. not j