six days after he sent that letter, matthew lee was downsized, let go after 14 years.ives couldn't ignore the letter and asked their accountants from ernst and young to interview matthew lee. >> and in those interviews, we have the notes, which are part of the report. he says very specifically $50 billion, repo transactions, moving money off the balance sheet at quarter end. so our conclusion was ernst and young certainly knew it as of that time and did nothing with it. [ticking] >> coming up: where were the government regulators? >> how closely was the s.e.c. monitoring lehman brothers during this time? >> they were on premises. they were talking to the lehman people daily. they officed there. >> more of lehman brothers ahead when 60 minutes on cnbc returns. [ticking] (announcer) scottrade knows our clients trade and invest their own way. with scottrade's smart text, i can quickly understand my charts, and spend more time trading. their quick trade bar lets my account follow me online so i can react in real-time. plus, my local scottrade office is there to help. becau

six days after he sent that letter, matthew lee was downsized, let go after 14 years.ehman executives couldn't ignore the letter and asked their accountants from ernst and young to interview matthew lee. >> and in those interviews, we have the notes, which are part of the report. he says very specifically $50 billion, repo transactions, moving money off the balance sheet at quarter end. so our conclusion was ernst and young certainly knew it as of that time and did nothing with it. [ticking] >> coming up: where were the government regulators? >> how closely was the s.e.c. monitoring lehman brothers during this time? >> they were on premises. they were talking to the lehman people daily. they officed there. >> more of lehman brothers ahead when 60 minutes on cnbc returns. [ticking] so, we all set? i've got two tickets to paradise! pack your bags, we'll leave tonight. uhh, it's next month, actually... eddie continues singing: to tickets to... paradiiiiiise! no four. remember? whoooa whooaa whooo! you know ronny, folks who save hundreds of dollars by switching to geico su

six days after he sent that letter, matthew lee was downsized, let go after 14 years. couldn't ignore the letter and asked their accountants from ernst and young to interview matthew lee. >> and in those interviews, we have the notes, which are part of the report. he says very specifically $50 billion, repo transactions, moving money off the balance sheet at quarter end. so our conclusion was ernst and young certainly knew it as of that time and did nothing with it. [ticking] >> coming up: where were the government regulators? >> how closely was the s.e.c. monitoring lehman brothers during this time? >> they were on premises. they were talking to the lehman people daily. they officed there. >> more of lehman brothers ahead when 60 minutes on cnbc returns. [ticking] people really love snapshot from progressive, but don't just listen to me. listen to these happy progressive customers. i plugged in snapshot, and 30 days later, i was saving big on car insurance. with snapshot, i knew what i could save before i switched to progressive. the better i drive, the more i save. i

and matthew lee, the senior account who blew the whistle at lehman, is still looking for work, unconvinced that much has changed in the world of finance. >> you know, the entrepreneurs of wall street are continually getting more and more sophisticated. and they don't necessarily want regulators or auditors to fully understand what they're doing. >> do you believe the balance sheets of big wall street firms if you read them now? >> these numbers are so big and the financial instruments are so complex that, you know, nobody stands a chance, really, of understanding. i'd have more fun investing in crap tables in las vegas than wall street firms. >> well, that's our edition of 60 minutes on cnbc. i'm bob simon. thank you for joining us. [ticking] [ticking] >> one of the threats from the great recession was the sudden surge in the number of abandoned houses. vacant homes have become so ruinous to some neighborhoods that one city, cleveland, decided it had to find a solution. perfectly good homes... once worth $75,000 and $100,000 or more... are being ripped to splinters in cleveland. [ticking]

lee plans to watch the game on tv. the mayor of the future home of the 49ers jamie matthews also turned down the chance to buy a ticket for the big game as well. >>> hayward woman claims she was scammed out of the super bowl -- who is making her trip possible. of course stay with us for continuing coverage from new orleans. ken wayne will have a live report coming up at 5:30. his team of ktvu reporters and photographers will bring live reports. and sunday night after the game switch to channel 2 for a live post game show. >>> starting in late march, there will be no toll takers at the golden gate bridge. this morning the bridge district will discuss its test this week of the new electronic tolling system. it will reduce cost and description. drivers are asked to use fast track. if you don't have it they will snap a picture of your license plate. >>> sal is having a little car trouble. oddly enough as it is. let's take a look at the cameras out there. we are taking a look at highway 24 right there near lafayette. it looks like things are moving very smoothly. as we take a look at the 101 as well near san francisco thin

lee turned down a chance to buy a super bowl ticket for $950. he plans to stay in san francisco on super bowl sunday. jimmy matthews also turned down a chance to buy a ticket for the big day. stay with ktvu channel 2 for live coverage. ken and the rest of our ktvu team in the big easy will bring you live reports in every newscast leading up to super bowl sunday. then sunday after the game switch to channel 2 for live post game show. hopefully we will be talking about a victory then. >> i'm staying with channel 2. >> of course. >>> time now 6:09. >> i want to hear sal talk about the toll plaza. it is getting busy. >> it is getting busy. westbound coming top the pay gates you will see more people. the metering lights have been switched on. it's a ten minute delay. maybe a little less than that. no problems on the upper deck. also this mornings commute san francisco northbound 101 traffic does look good as you drive through there. if you are driving farther down on 101 southbound 101 between 380 and 92 less than a ten minute drive there. let's go to mark. >>> hi there, sal. good morning, to you. nice forecast. i know