good-bye, everybody. >> madoff security is the world's largest ponzy scheme. i'm a rain maker, i make it rain. >> people are going to be destroyed. lives are going to be destroyed. >> i have something to tell you. >> how much did you lose? >> $50 billion. somebody turned me in. >> i have no choice. us or him? you want to save yourself, mom, belongs! sheldon n oper's descent into madness... it's 2:25 a.m.,

good-bye, everybody. >> madoff security is the world's largest ponzy scheme. a rain maker, i make it rain. >> people are going to be destroyed. lives are going to be destroyed. >> i have something to tell you. >> how much did you lose? >> $50 billion. somebody turned me in. >> i have no choice. us or him? you want to save yourself, mom, you let him rot in jail where he belongs! >>> the "insider" from hollywood, your 24/7 celebrity conversation. >> best performance an actor. >> this category is so hot. >> will smith is hot. >> michael. >> yeah, he hot. he does hot stuff. >> we're all fired up for the golden globes. inside the epi co-star face-off. >> there is a level deep respect for one another. >> it is leo's y or eddie's to lose? >> then ma moving musical tribute on the streets of paris. can end. >> we can end. >> gun violence. >> as hollywood comes together for a psa against gun violence. and she's the first female to

good-bye, everybody. >> madoff security is the world's largest ponzy scheme. i'm a rain maker, i make it rain. >> people are going to be destroyed. lives are going to be destroyed. >> i have something to tell you. >> how much did you lose? >> $50 billion. somebody turned me in. >> i have no choice. us or him? >> i have no choice. us or him? you want to save yourself, mom, it's the holidays. and of course, everyone wants to get online at once. to watch things. buy things. but slow internet makes it hard. that's why it's time to get fios. it has the fastest internet and wifi available. with speeds from 50 to 500 megs. and right now, you'll get 50 meg fios internet, tv and phone for 79.99 a month online for your first year. and with a 2 year agreement, we'll give you all the premium movie channels for a year. plus, 400 dollars back. so go online or call now. get out of the past. get fios. >> the "insider" is next. >>> the "insider" from hollywood, your 24/7 celebrity conversation. >> best performance by an actor. >> this category is so >> will smith is hot. >> mi

. >>> now an early holiday gift for the people swindled by bernie madoff.rm began distributing $1.9 billion yesterday to the victims of madoff's record pose ponzi scheme. the tote tail payout now reaching more than 9 billion. madoff pleaded guilty in 2009 and is serving 150 year prison term. >>> turning to the health watch tonight. scientists believe parents may be able to significantly cut the risk for sudden infant death syndrome with easy steps, one easy step in particular. researchers in boston say newborns should always be put to sleep on their backs. and they also claim that a campaign against putting babies to sleep on their stomach has contributed to a 71 percent drop in sids over 30 years. other factors include better neo natal care and increased breastfeeding. >>> meantime a new treatment is also now helping morbidly obese americans. it's called gastric artery embolization. researchers in dayton ohio they used the technique to block the main blood artery to the stomach is suppressing an appetite hormone. they say early weight loss results are enco

richard dreyfuss is playing bernie madoff in a series that will air in february. this is fascinating. of course, madoff is the investment manager serving 150 years for ripping off his clients. >> and we have the first scenes which are very intense. >> yeah. >> take a look. good-bye, everybody. world's largest ponzy scheme. i'm a rain maker, i make it rain. >> people are going to be destroyed. lives are going to be destroyed. >> i have something to tell you. >> how much did you lose? >> $50 billion. somebody turned me in. >> i have no choice. us or him? you want to save yourself, mom, (man) what's that, remy? (remy) it-it's a speck of cork, sir. (vo) a new york gentleman spends $28,000 a week on wine to sit in. (man) i'm so sorry you had to see this. (vo) you'd make a way better rich person. (man) i'll be in the pool. (vo) lotto. making more new yorkers rich anwi a yr reen wel veoullhereumvichne f aeapl, 0 lls ck soo li oca n.t t t pt.etio no way. savor an egg mcmuffin any time you like. a fresh cracked egg, canadian bacon and an english muffin with real butter.

richard dreyfuss is playing bernie madoff in a series that will february. this is fascinating. of course, madoff is t investment manager serving 150 years for ripping off h clients. >> and we have the first scenes which are very intense. >> yeah. >> take a look. good-bye, everybody. world's largest ponzy scheme. i'm a rain mak,er i make it rain. >> people are going to be destroyed. lives are going to be destroyed. >> i have something to tell you. >> how much did you lose? >> $50 billion. somebody turned me in. >> i have no choice. us or him? you want to save yourself, mom, belong -hello! -[ shouts ] aah! whoa! h-hey, whoa, whoa, whoa, whoa, whoa! so, we're making a movie about toys being alive. [ indistinct shouting ] okay! this is awesome.

good-bye, everybody. >> madoff security is the world's largest ponzy scheme. i'm a rain maker, i make it rain. >> people are going to be destroyed. lives are going to be destroyed. >> how much did you lose? >> $50 billion. somebody turned me in. >> i have no choice. you want to save yourself, mom, announcer: ladies and gentlemen, michael bubl\. it's that time of year i treasure the time for giving, the best part of living

seventh anniversary of madoff's arrest. he's serving a 150-year prison term. >>> coming up on eyewitness news at 6:00, the mother turned mass murderer. new details about the shooters behind the massacre in san bernardino. >> tense moments when a barrage of bullets are fired at a motorcycle shop on a main street. >> how this robber gets rough with his victims before he runs off with the money. right back. are you happy with your bathroom? i wasn't. but for years, i didn't do anything about it. i thought i didn't have the money, until i learned about bath fitter. bath fitter puts a new bathtub right over your old one. isn't that amazing? bath fitter will measure and make you a new custom bathtub that they install right over your existing one, with beautiful matching walls. that means you don't have to rip out your old tub. and they do it all in just one day. that's my favourite part. plus, you get to choose everything here's a before and after photo. this is a gorgeous acrylic tub that fit right over the old one. and only bat

bernard madoff's victims are getting an early holiday gift. the trustee of his firm began distributing one point nineteen billion dollars on friday to those swindled in the ponon scheme - with the total payout now reaching more than 9 billion. madoff, pleaded guilty in 2009 and is serving a 150-year prison term. chipotle says its commitd to overhauling its food-safety standards after an e-coli outbreak sickened at least 45 people in several states. the new procedure will include testing of all produce and ingredients before they are e shipped and enhancing employee trtrning for food safety and handling.amazon's warehouse in new jersey is causing traffic gridlock this holiday season. neighbors say it takes almost an hour to drive less than a mile as the center's more than 4 thousand employees go to and from work during rush hour. the congestion had gotten so threatened to sue the company. amazon has announced to stagger employee shifts to alleviate traffic. that's your cbs moneywatchchreport. for more log onto cbs moneywatch dot com. in new yor

and seven years ago, bernie madoff was arrested for one of the biggest security frauds in history. he's serving a 150-year sentence. >>> an estimated 1.8 billion photos are uploaded and shared every single day. that's according to the kpcb internet trends report. with this kind of shear volume, everyone is bound to run out of space. so how do you keep track of it all? joining us now is technology journalist natali morris with more on organizing and storing your photos, because it is your money, your future, and your memories. and natali, this is the time of year that pictures are on my phone. i have so many from the thanksgiving holiday and i just don't know what to do with them all. >> right. >> where do you start? >> you have to have a strategy. your phone is not your hard drive or your storage solution. think of your phone as a temporary hard drive. you've taken the pictures. now you have got to put them somewhere. i like redundancy. i put my photos both in the clouded and on a hard drive i have in my own house. i feel safer about that. >> you have the phone, the hard drive, the

madoff's former clients received $1.6 billion so far. next week marks the 7th an versety for madoff's arrest. and is serving a 150 year prison term. >>> now let's head over to elise finch with your weather forecast. >> it is a beautiful forecast for today and tomorrow. a really nice december weekend. of course, we are off to a cold start. 26 for sparta. monticello at 30 degrees below the freezing mark. things are warming up nicely today. an area of high pressure keeps skying mostly clear. we'll see tons of sunshine and expecting a high today of 52 degrees. that's 5 degrees above where we should be. tonight, mostly clear, cold and calm. 39 degrees. tomorrow even warmer than what we had today. expecting 57 degrees and take a look. we have a ton of 50s as part of your seven-day forecast. >> 57 degrees, wow. all right, elise, thanks. i'm dianne. stay with us. >>> a private jet has a sore landing. the landing gear failed to work, forcing an emergency landing. >> i'm surprised there were no sparks. look at that. the pilot and one passenger wer

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low as they could go, the same month the economy was officially declared in recession and bernie madoff was arrested in a billion-dollar ponzi scheme. by april of 2009, foreclosures had soared to their peak, more than 200,000 that month. and by october, unemployment was at 10%. but now monthly foreclosures are down 80% from that high, and seven years later, unemployment has been cut in half. quarter of a point. >> and it reflects the committee's confidence that the economy will continue to strengthen. >> reporter: future increases will be gradual, and the central bank made certain the markets saw this coming. >> this is the most telegraphed punch in the history of the world. >> reporter: max wolff is chief economist at manhattan. >> it is a bookend of a period. this was the most stimulation monetary policy has ever given to our economy and hopefully we will never need this much again. . >> reporter: several major banks raised their prime rates immediately after the fed's move, and the cost of mortgages, car loans and credit cards could begin to rise. but it's good news for savers who wi

. >>> bernie madoff's victims will have more money in their bank account this holiday. the trustee of his firm is distributing $1.9 billion to the victims of mad off's record ponzi scheme. total pay out now reaching more than 9 billion. madoff pled guilty in 2009 and is serving a 150 year prison term. >>> just in time for the holiday season there is a i new kind of gift card on store shelves this year. it its part of the what some say is a new innovative way to invest but is it the a have savvy deal? some experts say watch out. on your side consumer reporter jim donovan explains why. >> reporter: wegmans the most fresh items on the shelf include coca cola and apple, not the product, but stock in the company. these are being sold for first time for the first time as give card. card rolled out in october by stockpile, a silicone valley start up company and can be used to buy stock in 20 big named company. avi laylay is stockpile ceo. >> we are bringing wall street to america. people have never been able to own a stock and get started as quickly as they can right here. >>

next week marks the seventh anniversary of may dover's arrest for one of the biggest ponzi -- madoff's arrest for one of the biggest ponzi schemes in history. he's serving a 150-year prison term. >>> on wall street yesterday the stock market surged to its biggest gain since early september after the government reported another solid month of job gains. stocks ended the day yesterday up across the board. the nasdaq rose nearly 105 and rose 170 points. >>> the faa says new laser christmas lights displays can be dangerous to pilots. on thursday night the faa says an american airlines boeing 737 police traced the beam back to a laser light decorated home nearby. experts say if you buy laser light displays, make sure they're pointed at the house and not at the sky. christmas decorations or holiday decorations last weekend, this weekend looks outside. >> let's check in with elise she has your forecast. >> it's a good weekend to anything. including focus the lights at your house. i kind of thought the point was to put them on the house but i digress. this is a good weekend to do that and pret

older generations have had their poster boys, bernie madoff. now the millennial generation has theirs unfortunately. >> evil. >>> the last regular season patriots. gronkowski. can he stay well enough to play? next in sports the pressure on >>> welcome back, everybody. even though the tennessee the worst record in the league, the patriots don't want to hear it. the pats are locked in and focused to pick up win no. 12 on the season. jonathan freeny and eric martin were not on the field and it's a big difference rob gronkowski makes when he's in the lineup. >> i don't really focus or listen to stuff like that, really just trying to get better as a player every week, just focusing on the team that we got to play that week and just trying to do whatever is best for the team that week. >> pats only have two running backs on the active roster, so no. quickly. he played college ball with james white in wisconsin who is really helping him learn the pat system. >> we were roommates in college, so we go way back. he knows everything about me. i know every

government facility in boxer north carolina the all-male prison is the same person that houses bernie madoff.>>> in september richard combs pled guilty to misconduct in office in connection with the shooting death of baby. he was unarmed when he was shot and killed back in 2011. combs shot the 53-year-old doing an arrest. since then, there have been two trial that ended in a hung jury. he was sentenced to 10 years but he will spend a year under house arrest and five years probation. >>> in may the former board chairman of south carolina state university was sentenced to by chris in prison for taking federal money from projects. then falsifying paperwork to get more funds. jonathan penton was ordered to pay more than $337,000 in restitution you also have to serve five years of supervised release once he gets out. five other men including the school's former police chief have been sentenced to probation for their part in that corruption scheme.>>> in 2015 another claimed his innocence for more than a year former state senator robert ford campaign money. guilty police them from a's senate ethic

low as they could go, the same month the economy was officially declared in recession and bernie madoff was arrested in a billion-dollar ponzi scheme. by april of 2009, foreclosures had soared to their peak, more than 200,000 that month. and by october, unemployment was at 10%. but now monthly foreclosures are down 80% from that high, and seven years later, unemployment has been cut in half. so the fed is raising rates a quarter ofof point. >> and it reflects the committee's confidence that the economy will continue to strengthen. >> reporter: future increases will be gradual, and the central bank made certain the markets saw this coming. >> this is the most telegraphed punch in the history of the world. >> reporter: max wolf is chief economist at manhattan venture partners. >> that being said, ththgh, it's still symbolic. it's still closed, the bookend of a period. this is the most stimulation monetary policy has ever given to our economy, and hopefully we'll never need this much again. >> reporter: several major banks raised their prime rates immediately after the fed's move, and the

police trying to track down two guys who invaded the west philadelphia home of an elderly woman and madoffaluables. fox 29 sabina kuriakose is live is the scene, obscene if a you've been speaking with her, i cannot imagine what she's going through. >> reporter: lucy, what a scary morning for this woman. she's in good spirits, she tells me she reached for a knife while all of this was going on. she didn't know what she was going to do with it but very brave. these alleged home invadeers shot themselves in the foot literally and spiritually when they burst in the home of the 91-year-old. she says it was around 3:00 this morning when two men she didn't know kicked in her front door, the great grand mother akwok awoke to a gun, she was frightened but stayed calm. talking and making eye contact eye contact with the gem. they stole her cell phone and landscaper. she thinks they may have mistaken her home for somebody else's. just as the suspected home invadeers were about to leave. she says their gun went off striking one of the men in the foot. they fled and police caught up with one of them at

low as they could go, the same month the economy was ofofcially declared in recession and bernie madoff was arrested in a billion-dollar ponzi scheme. by april of 2009, foreclosures had soared to their peak, more than 200,000 t tt month. and by october, unemployment was at 10%. but now monthly foreclosures are down 80% from that high, and seven years later, unemployment has been cut in half.. so the fed is raising rates a quarter of a point. >> and it reflects the committee's confidence that the strengthen. >> reportete future increases will be gradual, and the central bank made certain the markets saw this coming. >> this is the most telegraphed punch in the history of the world. >> reporter: max wf is chief economist t manhattan venture partners. >> that being said, though, it's still symbolic. it's still closed, the bookend of a period. this is the most stimulation monetary policy has ever given to o o economy, and hopefully we'll never need this much again. >> reporter: several major banks raised their prime rates immediately after the fed's move, and the cost of mortgages, car loan

. >> and today in history, in 2008 bernie madoff was arrested at his upper east side apartment for the largest ponzi scheme in u.s. history. more than $60 billion. >>> long island mother tonight sharing her panic after she says a woman tried to grab her son inside a long island mall. >> cbs 2's jennifer mclogan says nassau police are actively search for the suspect. >> reporter: an oceanside mother brought her 18-month- old child to green acres mall. when she got into kohl's she realized her son needed a diaper change. in the bathroom she got a chock. pulled away and i went like that and i said no! >> reporter: powers is so worried the woman she says grabbed for her son will return, she doesn't want their faces shown. powers, a registered nurse, fears the stranger, a woman in her mid-40s possibly hispanic appeared to follow them into the bathroom in order to snatch the baby. >> she put her hand on his forearm and i -- as soon as she did that, i pushed her hand away and i -- and she said give me the baby again, a second time. >> reporter: she said it twice. >> two times in english with

you've carved out, this franchise between the bp oil spill, the ignition switch at gm, the bernie madoffand now volkswagen. how are you compensated if you don't mind my asking, do you bill by the hour or do you get a percentage of the fund that you administer? >> well, clearly not the latter. now, remember, when you -- when you say how do i get paid, don't forget, 9/11 victim compensation fund, that was pro bow know for 33 months. >> yes. >> one fund boston, the aurora colorado shootings, the virginia tech shootings, the connecticut shootings, all pro bow know. now, you're right, bp i was compensated and gm i was compensated and volkswagen i'm compensated. you will have to speak to volkswagen about the parameters and scope of my compensation but it has nothing to do, i can assure you, with how many claims come into the fund or how they are treated or how they are paid. that is -- that is certainly not the case. >> i was not suggesting that by any means. i was just curious, this niche that you've carved out for yourself over the years, you know, you truly you have developed this blueprint

. >> a court appointed trustee began distributing $1.19 billion to bernie madoff's fraud victims. the latest payoff will mean that his clients received 1.16 billion so far. next week marks the 7th anniversary for one of the biggest ponzi schemes in history. he is serving a 150 year prison term. >>> get ready for a toll hike at the hudson river. starting tomorrow morning, it will cost you more to cross the bridges between new york and new jersey. ez pass users will pay $12.50 during peek hours and $10.50 off peek. truck drivers using cash get hit the hardest. they'll have to hand over $126. >> time now is 6:07. your home, but a warning from @ faa about laser christmas lights. >> plus, five ways to keep grinches from taking off with your holiday deliveries this season. >> and getting into the spirit of hanukkah. we'll show you the secret to creating the perfect -- >> first, here is elise finch. >> things will be relatively mild today. i'll have your details coming up. first, a check of the community calendar from cbs and cbsnewyork.com. catch holiday-cookie cheer on the tip of your

the would be invaders could have madoff with the family's christmas girl, all scattered about the treebut, the four legged hero got to the men just in time before nick was stolen. >> they didn't get anything. everybody was safer. thank you to the quick thinking of the dog. >> the family tells "eyewitness news" it will still cost about a thousand dollars to repair the damaged door. new castle county police currently no description of the suspect. >> we may learn today whether pennsylvania governor tom wolf will sign budget bill ending six month impasse. lawmakers sent the governor a $30.3 billion spending bill without the increased public school aid that the governor wanted. wolf now has three options, he can sign it, veto part of it, or veto the whole thing. >> jerry sass -- cuss getting retro payments from the pension system. state owes him $211,000 from when it illegally stopped hits retirement benefit. the payments stopped after the former penn state assistant coach was sentenced for child molestation. court ruled against stopping the payments. his monthly checks of $4,900 will resu

problems banking industry that i highlight in the book, i am not turkey -- i'm not talking about bernie madoff. i think there are a lot of problems on looking at the whole large-scale thing. but i don't think that people are out there trying to steal money from good folks like yourself. i hope that is not the case. book, mehrsar baradaran writes the following. banking policy has always reflected the social goals and civic principles of each bureau. the state is shoring up a powerful banking industry that is, in turn, excluding those americans most in need. back to your phone calls. good morning. a ged teacher. one of the problems that i have is getting students to understand the concept of percent. they recently had a student say that i said he had any idea how much that percent would be in a year? she had no concept of that. it is such an immediate need that they don't understand. not in their own self-interest. i wanted to mention that are representative, her largest campaign contributor is the loan offices. the ones that are ripping off these poor people. the last thing i would like to say

ponzi schemes in a $1.2 billion payout was announced yesterday following the recovery of more of madoff's assets. he's serving a 150-year sentence $20 billion. former clients have already received at least $9 billion. frank: a family who suffered serious injuries in a february crash involving caitlyn jenner is now suing the star. jenner struck a car from behind in malibu, pushing that driver into oncoming traffic. she was struck and killed. the family who hit her suffered serious injuries. jenner was cited for speeding but was never charged in the crash. antoinette: no sunshine in a series of heavy rains have pummeled parts of the state leaving them under water this morning. at least 3.5 inches fell early yesterday breaking the previous that rain is expected to continue through the weekend. frank: a little sports action. the flames come out on top over the bruins in calgary. the clubs traded goals throughout the first and second period. 3-3 in the third when brad marchand gets slashed by former bruin dougie hamilton. marchand scores on a penalty shot. but the flames tie it up before the e

just ahead on "bloomberg markets," hero presented bernie made off -- he were presented bernie madoff.wers joins us on wall street crime, next. ♪ . . betty: live from bloomberg's world headquarters here in mid-town manhattan, you are watching "bloomberg markets." let's head to the markets desk where rami and a since it was the latest. i know you're looking at energy stocks, but we are coming off our rally, aren't we? has the ramy inocencio latest. ramy: a lot of that has to do with volatility, volumes that are not happening today because of the christmas holiday. part of it has to do with oil and dynamics crude, still pushing higher. nymex crude, fourth day in a row of gains, the longest winning streak since april. has risen by 9%. the caveat is it is still it lows not seen since february 2009. with that, oil stocks have been rising with the rise of wti earlier this week, but you can see our majors are all taking a beat. exxon mobil down more than 1%. chevron down the most, 1.3%. tonic of the lives down over 1%. phillipsy -- conoco down 29 percent. sun edison shares have actually been

fed slashed rates - the samemeonth the economy was officially declared in recession & that bernie madoff was arrested in a billion dollar ponzi scheme. (graphic) by april of 2009 foreclosures soared to their peak ...more than 200,000 that month...and by october, unemployment was at 10%. but today monthly foreclosures are down 80% from that high to 40,000. and 7 years later, unemployement has been cut in half. narr: so the fed is raising rates by a quarter point.yellen: "and it reflects the committee's confidence that the economy will continue to strengthen." narr: the increases will be gradual...and the central bank made certain the markets saw this coming: wolff: "this is the most telegraphed punch in the history of the world." partners max wolff: "that being said though its still symbolic. its still the close, the bookend of a period."// "this was the most stimulus monetary policy has ever given to our economy. and hopefully we'll never need this much again."(live tag: higher rates who will likely see the cost of mortgages, car loans and who 3 3 a two o r crash sent a couple of people

low as they could go, the same month the economy was officially declared in recession and bernie madoff was arrested in a billion-dollar ponzi scheme. by april of 2009, foreclosures had soared to their peak, more than 200,000 that month. and by october, unemployment was at 10%. but now monthly foreclosures are down 80% from that high, and seven years later, unemployment has been cut in half. so the fed is raising rates a quarter of a point. >> and it reflects the economy will continue to strengthen. >> reporter: future increases will be gradual, and the central bank made certain the markets saw this coming. >> this is the most telegraphed punch in the histoto of the world. >> reporter: max wolf is chief economist at manhattan venture partners. >> that being said, though, it's still symbolic. it's still closed, the bookend of a period. thisiss the most stimulatiti monetary policy has ever given to our economy, and hopefully we'll never need this much again. >> reporter: several major banks immediately after the fed's ve, and the cost of mortgages, car loans and credit cards could begin t

now, madoff was very little to do, that's a different kind of scam. this was -- this wasn't really a hedge fund. >> somebody said he definitely lowered the price of shott shottenfreud to nothing. >> who said that? mark twain? >> but he a hoodie. >> he did. >> see? hoodies. the richer you are, you have a hoodie. >> i don't know. he seems to me to be an unbalanced individual. i think i can say that safely. >> unbalanced. how long did it take to you come up with that term? he tweeted the moment he got out. >> suboptimal. >> that's my term. i think his lawyers have quite a challenge, not on the framework of the case but as a client. >>> when we come back, apple getting ready to take on alibaba when it comes to mobile payments in china. (politely) wait, wait, wait! you can't put it in like that, you have to rinse it first. that's baked-on alfredo. baked-on? it's never gonna work. dish issues? trust your dishwasher with cascade platinum. it powers... through... your toughest stuck-on food. better than finish. cascade. >>> apple announcing it will launch app

. >> and the reason is because with people like madoff, you need whistle-blowers. not the most pleasant people to be around but society and businesses need them. >> always good to have you here, jim. jim stewart from "the new york times." >> up next on the program, stocks coming off their lows currently down 198 on the dow. it was a big move at the open and continues to be broad based. more on that when "squawk on the street" comes right back. when a moment spontaneously turns romantic, why pause to take a pill? and why stop what you're doing to find a bathroom? cialis for daily use, is the only daily tablet approved to treat erectile dysfunction so you can be ready anytime the moment is right. plus cialis treats the frustrating urinary symptoms of bph, like needing to go frequently, day or night. tell your doctor about all your medical conditions and medicines, and ask if your heart is healthy enough for sex. do not take cialis if you take nitrates for chest pain, as it may cause an unsafe drop in blood pressure. do not drink alcohol in excess. side effects may in

. >> 2008 bernie madoff arrested too. it's all coming back. >>> and dense fog for long island. watch out for that. >> i thought you were going the say summer's coming back. >> well, it is but the fog too. >>> today is a gridlock alert day and we have construction. >>> we continue to follow breaking news. a massive fire in bronx, six building affected. we are live on the scene. >>> and also this morning, suing the metropolitan museum of art, why one man says a depiction of baby jesus is racist. >>> and staying safe while celebrating the spirit of the season. seconds. >>> it's 5:00. 53 degrees on this friday, december 11th. the unseasonably warm weather continues today. temperatures rising into the 60s. it's going to be warm they are weekend. we will have traffic and weather on the 2s nay momenting for. >>> good morning. i'm chris wragge. >> and i'm mary calvi. welcome to cbs 2 news this morning. we are following breaking news in bronx. fire hits a multi-family house and spreads to neighboring buildings. >> a number of people are displaced this morning. tremont section. >> report

it was a preview to a madoff. it's not a ponzi scheme, but a set up of that.ions are clear. you know, he puts out information about performance. the funds tank, go to the fund and the public company to take stock to make investors whole. you can see this foundation. >> there's been so much publicity around jacking up the price of drugs and how some people argued yesterday, though, clearly, the charges seem clear, allegedly seem clear, that maybe there was some political motivation to do this and to make it as public as the government did. >> i see it as totally unrelated. >> okay. >> an investigation such as this is not one that comes out because of the allegations involving the markup on the drug side. this is an investigation, and i found -- >> the reason it's on the front page is the role he had not in this situation per se, but in the role with drug prices. >> 100%. that profile brought the story to the front page, otherwise it's a run of the mill, you know, false statement about assets under management, false statements to representatives. it would be som

problems banking industry that i highlight in the book, i am not turkey -- i'm not talking about bernie madoff. i think there are a lot of problems on looking at the whole large-scale thing. but i don't think that people are out there trying to steal money from good folks like yourself. i hope that is not the case. book, mehrsar baradaran writes the following. banking policy has always reflected the social goals and civic principles of each bureau. the state is shoring up a powerful banking industry that is, in turn, excluding those americans most in need. back to your phone calls. good morning. a ged teacher. one of the problems that i have is getting students to understand the concept of percent. they recently had a student say that i said he had any idea how much that percent would be in a year? she had no concept of that. it is such an immediate need that they don't understand. not in their own self-interest. i wanted to mention that are representative, her largest campaign contributor is the loan offices. the ones that are ripping off these poor people. the last thing i would like to say

good-bye, everybody. >> madoff security is the world's largest ponzy scheme. i'm a rain maker, i make it

. >> madoff security is the world's largest ponzy scheme. i'm a rain maker, i make it rain. >> people are going to be destroyed. lives are going to be destroyed. >> how much did you lose? >> $50 billion. somebody turned me in. >> i have no choice.