it turns out the man is mcnair, the exact person the police are looking for. smooth-talking criminal is able to fool the cop. the man tells the police officer that he has a brother who can back up his claims. >> call my little brother, man. >> all right. let me just verify. he says his brother is staying at the motel. let me verify that. if so, i'll just cut him loose. all right, thanks. >> but the officer never checks, and instead, seems to take a casual attitude. >> you know the bad thing about it? you're matching up to him. >> that sucks, doesn't it? >> yeah. >> the officer notices the man's legs are scraped. did you go through a briar patch or something? >> yeah, roofing. i always roof in shorts. got my scratches up on the roof. >> that's why your knees are all cut up? >> yeah. >> do you all got pads? >> huh? >> do you all wear pads? >> it's too hot. the pads rub the back of your legs. >> it seems mcnair has an answer for everything. but when the officer asks him his name a second time, mcnair gives a different response. >> what's your name again? >> jimmy

our guest host is houston texans owner bob mcnair, by the way bob is also the ceo of the mcnair group and chairman of cogene biotech ventures. >>> u.s. stocks aiming at some fresh milestones today, the dow is just above four points shy of its highest close since december of 2007, it's come a long way and the s&p 500 fell about a point short friday of posting its highest close since april of 2008. take a look at u.s. equity futures as we speak. now we have red arrows, slightly more serious than they were before, dow looks like it would open 22 points off, nasdaq about three points off and s&p 500 about 1.5 points off. >>> coventry health care shares jumping in premarket trading, aetna is buying coventry for $5.7 billion in cash and stock, that deal is worth $42.08 a share, that's a 20% premium to friday's close for coventry and we've got a programming note, etta chairman and ceo is going to be on "squawk on the street" today at 9:45 a.m. eastern time. we've also got a couple other headlines this morning, best buy is in the news, best buy has a new chief executive earlier this morning t

chris mcnair serving five years for bribery and conspiracy to solicit bonds. bond underwriter jp morgan settled with the sec, paying the county $25 million and the sec and a. the bank alleged to have bribed friends of jefferson county commissioners. >> there was definitely malfeasance in the whole use of the swaps et cetera. >> but the president and ceo of assured guarantee which reinsured. so sewer bonds says the sins of wall street and corrupt politicians shouldn't let jefferson county off the hook. >> i didn't vote for that project, they did. >> what really steams federico is that they killed a deal that would have avoided bankruptcy. bond holders offered to forgive a billion dollars of the sewer debt if state lawmakers allowed the county to raise taxes to pay the rest. now, assured guarantee has to pay up. we should work together. >> at a certain point when you can't meet your financial obligations and the settlement that we had was getting farther he away instead of closer to us we had no choice. >> is it a cautionary tale for other counties across the co

. >> reporter: christie mcnair lives in plaquemines parish, the community that felt the worst of isaac. the national guard had to rescue dozens stranded on top floors of their homes after a wall of water toppled over the 18-mile local levee protecting the parish. despite isaac's determination, the federal levees repaired following katrina have done their job, sparing much of new orleans significant flooding. >> we have more reason to believe that that system will be compromised. >> reporter: still, metro new orleans is littered by downed street lights, fallen trees and debris from mangled buildings. isaac knocked out transformers, leaving at least 60% of the city without power. >> just exhausted and tired. >> reporter: tired but holding on, as the storm continues its assault. in new orleans, i'm danielle lee for nbc news. >> flooding isn't the only major concern for gulf coast residents. isaac triggered at least two suspected tornadoes in mississippi. check out the damage in one neighborhood outside of gulfport, mississippi. residents there believe a twister blew the roofs off their ho

chris mcnair now serving five years for bribe before i to solicit bribes.righter jp morgan settled paying the county $6 million. the fcc 25 million and giving $650 million in fees. the bank alleged to prescribe friends of the county commissioners. >> there was mal fees son in the swapts et cetera. >> the president and ceo of assured guarantee which reassured some of the sewer bonds says the sins of wall street and corrupt politicians shouldn't get them off the hook. >> what really steams fred reek co is current officials killed a deal that would have avoided bankruptcy. bondholders offer to forgive a little more than the sewer damage if state lawmakers raise taxes to help pay the rent. they are accused. assured guarantee may have to pay up. >> i was your best friend for years. >> at a certain point when you can't make your financial obligation and the settlement was getting further away instead of closer to us we had no choice. >> is it a cautionary tale? >> absolutely is. you have to live within your means. >> lou dobbs from the fox nis network. lou, i int

chris mcnair serving five years for bribery and conspiracy to solicit bonds.d underwriter jp morgan settled with the sec, paying the county $25 million and the sec and a. the bank alleged to have bribed friends of jefferson county commissioners. >> there was definitely malfeasance in the whole use of the swaps et cetera. >> but the president and ceo of assured guarantee which reinsured. so sewer bonds says the sins of wall street and corrupt politicians shouldn't let jefferson county off the hook. >> i didn't vote for that project, they did. >> what really steams federico is that they killed a deal that would have avoided bankruptcy. bond holders offered to forgive a billion dollars of the sewer debt if state lawmakers allowed the county to raise taxes to pay the rest. now, assured guarantee has to pay up. we should work together. >> at a certain point when you can't meet your financial obligations and the settlement that we had was getting farther he away instead of closer to us we had no choice. >> is it a cautionary tale for other counties across the countr

chris mcnair serving five years for bribery and conspiracy to solicit bonds.d underwriter jp morgan settled with the sec, paying the county $25 million and the sec and a. the bank alleged to have bribed friends of jefferson county commissioners. >> there was definitely malfeasance in the whole use of the swaps et cetera. >> but the president and ceo of assured guarantee which reinsured. so sewer bonds says the sins of wall street and corrupt politicians shouldn't let jefferson county off the hook. >> i didn't vote for that project, they did. >> what really steams federico is that they killed a deal that would have avoided bankruptcy. bond holders offered to forgive a billion dollars of the sewer debt if state lawmakers allowed the county to raise taxes to pay the rest. now, assured guarantee has to pay up. we should work together. >> at a certain point can't meet your financial obligations and the settlement that we had was getting farther he away instead of closer to us we had no choice. >> is it a cautionary tale for other counties across the country? >> abs

chris mcnair serving five years for bribery and conspiracy to solicit bonds.d underwriter jp morgan settled with the sec, paying the county $25 million and the sec and a. the bank alleged to have bribed friends of jefferson county commissioners. >> there was definitely malfeasance in the whole use of the swaps et cetera. >> but the president and ceo of assured guarantee which reinsured. so sewer bonds says the sins of wall street and corrupt politicians shouldn't let jefferson county off the hook. >> i didn't vote for that project, they did. >> what really steams federico is that they killed a deal that would have avoided bankruptcy. bond holders offered to forgive a billion dollars of the sewer debt if state lawmakers allowed the county to raise taxes to pay the rest. now, assured guarantee has to pay up. we should work together. >> at a certain point when you can't meet your financial obligations and the settlement that we had was getting farther he away instead of closer to us we had no choice. >> is it a cautionary tale for other counties across the countr

chris mcnair serving five years for bribery and conspiracy to solicit bonds.underwriter jp morgan settled with the sec, paying the county $25 million and the sec and a. the bank alleged to have bribed friends of jefferson county commissioners. >> there was definitely malfeasance in the whole use of the swaps et cetera. >> but the president and ceo of assured guarantee which reinsured. so sewer bonds says the sins of wall street and corrupt politicians shouldn't let jefferson county off the hook. >> i didn't vote for that project, they did. >> what really steams federico is that they killed a deal that would have avoided bankruptcy. bond holders offered to forgive a billion dollars of the sewer debt if state lawmakers allowed the county to raise taxes to pay the rest. now, assured guarantee has to pay up. we should work together. >> at a certain point when you can't meet your financial obligations and the settlement that we had was getting farther he away instead of closer to us we had no choice. >> is it a cautionary tale for other counties across the country?

chris mcnair serving five years for bribery and conspiracy to solicit bonds.derwriter jp morgan settled with the sec, paying the county $25 million and the sec and a. the bank alleged to have bribed friends of jefferson county commissioners. >> there was definitely malfeasance in the whole use of the swaps et cetera. >> but the president and ceo of assured guarantee which reinsured. so sewer bonds says the sins of wall street and corrupt politicians shouldn't let jefferson county off the hook. >> i didn't vote for that project, they did. >> what really steams federico is that they killed a deal that would have avoided bankruptcy. bond holders offered to forgive a billion dollars of the sewer debt if state lawmakers allowed the county to raise taxes to pay the rest. now, assured guarantee has to pay up. we should work together. >> at a certain point when you can't meet your financial obligations and the settlement that we had was getting farther he away instead of closer to us we had no choice. >> is it a cautionary tale for other counties across the country? >

chris mcnair serving five years for bribery and conspiracy to solicit bonds.rwriter jp morgan settled with the sec, paying the county $25 million and the sec and a. the bank alleged to have bribed friends of jefferson county commissioners. >> there was definitely malfeasance in the whole use of the swaps et cetera. >> but the president and ceo of assured guarantee which reinsured. so sewer bonds says the sins of wall street and corrupt politicians shouldn't let jefferson county off the hook. >> i didn't vote for that project, they did. >> what really steams federico is that they killed a deal that would have avoided bankruptcy. bond holders offered to forgive a billion dollars of the sewer debt if state lawmakers allowed the county to raise taxes to pay the rest. now, assured guarantee has to pay up. we should work together. >> at a certain point when you can't meet your financial obligations and the settlement that we had was getting farther he away instead of closer to us we had no choice. >> is it a cautionary tale for other counties across the country? >>

. >> reporter: christy mcnair lives in plaquemines parish, a community who felt the worst of isaac. the national guard had to rescue dozens stranded in top floors of their homes after a wall of water toppled over the 18-mile local levee protecting the parish. despite isaac's devastation, much of new orleans had been spared significant flooding. >> we have no reason to believe that system will be compromised. >> reporter: still, metro new orleans sits littered by downed streetlights, fallen trees and debris from mingled buildings. isaac knocked out transformers, leaving at least 60% of the city without power. >> i'm just exhausted and tired. >> reporter: tired but holding on. as the storm continues its assault. because of the damage, the airports in new orleans are still closed. at this point they haven't been able to say when they will re-open. reporting live in new orleans, i'm danielle leigh, now back to you. >> thanks, danielle. >>> we have some sunshine here this morning in the washington area. but are we going to see the remnants of isaac over the holiday weekend? storm 4 meteo

up for the football season t is something to behold, houston texans owner and businessman robert mcnairhold and related company founder and owner of the miami dolphin, stephen ross, and the commish is going to be here, roger goodell. we'll kick all of that and the markets monday morning starting at 6:00 a.m. eastern. >>> his reputation is expanding faster than the universe. he once had an awkward moment just to see how it feels. he lives vicariously through himself. he is the most interesting man in the world. >> i don't always watch cnbc, but when i do, i prefer stocks to watch and n the animal orchestra. keep watching, my friends. [ thunk ] sweet! [ male announcer ] the solid thunk of the door on the volkswagen jetta. thanks, mister! [ meow ] it's quality you can hear and feel. that's the power of german engineering. right now during the autobahn for all event get great deals on a 2012 jetta. you walk into a conventional mattress store, it's really not about you. they say, "well, if you wanted a firm bed you can lie on one of those. if you want a soft bed you can lie on one of those."