>> mr. shaw is laying out the as he sees them and the risk factors that are going to contribute to delinquencies. >> yeah, ok. now, that day, he mails the recipe on to you, this is the top of that exhibit 41, the subject is some thoughts on targeted population for potential option a.r.m. loan sales. you write, might be helpful to see the components of the portfolio that have been the largest centtors to delinquency in recent times. the whole phoenix is how to take a look at 42. this chain of emails starts five days later on february 25, 2007. first email is from you, mr. beck, yourself, mr. schneider. here's what you wrote. david and i spoke tosmede he instructed me to take actions to sell all arms that we intend to transfer to the portfolio in the first quarter of 2007. that amounts to roughly $3 billion of option arms available for seasm i'd like to get these loans into sale immediately so that i can sell as many as possible the first quarter. sounds urgent. mr. beck, is the david you're referr

>> mr. shawing out the risks as he sees them in the pool and the risk factors are going to contribute to delinquencies. >> ok. now that day ms. felkin e-mails the recipe on to you, mr. beck. this is the top of page 41. the subject is thoughts on targeted population for potential option a.r.m. loan sales. she writes it might be helpful insight to see the components of the portfolio in the largest contributor to delinquency in recent times. whole focus here is delinquency, delinquency. now look at 42-b. this chain of e-mails starts five days later on february 25th, 2007. first e-mail is from you, mr. beck, to yourself and to mr. schneider, mr. rotella. and here's what you wrote, "david and i spoke today. he's instructed me to take actions to sell all marketable option a.r.m.'s that we intend to transfer the portfolio in the first quarter of 007. that amounts to roughly $3 billion of option a.r.m.'s available for sale. would i like to get these a.r.m.'s into hold for sale immediately so i can sell a

mr. shaw since to ms. falcon and analysis of the characteristics of loans and wamu portfolio that contributed to the rising delinquency rates. from meshaal to voltmann and a few other subject urgent need to get work done in the next couple of days on all russian arms delinquency. cheryl, i reviewed this hfi, the prime loan characteristic that contributed to the rising 60 plus delinquency rates between january 6th -- january 06 and january of 07. the result of the analysis shows seven combined factors containing 8.3 billion for investment of sharm balances its experienced above-average increases of the 60 plus delinquency rate during the last 12 months. this is an 821% increase or ten times faster in the average increase of 79%. i recommend we select the loans with some or all of these characteristics to develop a whole foresail pool, shift in other words holding on to them to selling the van and then he lists the factors that went into this change and he lists the eight specific factors one being an option

level of cooperation as the and mr. shaw plan to give? >> i would refer you to the cummins prison a man on friday -- to the comments the president made on friday. he will examine and evaluate the impacts, potential impacts of this law. those impacts on citizens' civil rights. we are in the process of evaluating what the law means. >> so there's a possibility, tht there might not people cooperation? >> i do not want to get ahead of the justices read of what is in the law. i do not expect that to come in the next day or so. they are obviously looking through this to examine, as the president mentioned, the impacts on civil rights and other implications. we will wait for that to read out from the department of justice. >> you said you wanted to do an interview bill in the immigration bill. is that feasible and which is a priority? >> well, i think that we have seen progress made on both issues. i think it is possible to continue to make progress on both those issues. i know we had some statements this weekend by senator gramm and others that

mr. betts and hi killer. >> reporter: in the meantime, students and staff return to shaw middle school with broken hearts, manyt tributes to the beloved teacher at the front door. >> mr. betts was something luke a father to me. he always been there. he helped me when i needed help. >> it is the second murder to happen in this house. the crimes are not connected but it still leaves many in this neighborhood way bad feeling. >> we are still a little nervous. it is the second crime that happened here. >> robby chavez, fox 5 news. >>> d.c. public schools have set up awe memorial page for betts. there are also two tribute pages on facebook with more than 1500 people already signed up. funeral arrangements have been set for tomorrow and thursday at the pierce funeral home in manassas. >>> coming up next, nobody saw it coming because it wasn't really the sort of thing you would expect to fall right out of the sky. it didn't take long to found out where a flying laptop came from. >>> ahead this morning, health experts have already said that tanning beds are just not safe. now, a new study shows why they might be such

given all the cash it's sitting on, which is why we have jim bernhard, shaw group's founder, chairman and ceo here with us night. mrbernhard, welcome back to "mad money." >> nice to see you again. >> did you ever make a lost money for us last time you were here. >> only if you sold, right? >> yeah. now, i've got to tell you, i'm bummed because i am a huge believer in nuclear power. i also chose to live exactly across the street from a nuclear power plant when i lived in sacramento. hasn't done a thing to me! no, i believe in the power. here's the problem. we got that big commitment. couple permits, five, four, nothing more. what's the problem sneer why didn't we immediately see ten utilities raise their hands and say i'm in? >> we don't ever see ten utilities say i'm in to build ten coal plants instantly. >> that's true. >> first of all, you've got to have the need for electricity, right? >> right. and -- that's a good point. >> and when you have the recession down, that gives it the -- especially regulated utilities take a step back and say wait-k we wait six months or a year because the economy's down and our pro

mr. betts may have grilled a burger, but there wasn't a gathering. >> reporter: an educator for nearly two decades, the 42-year-old betts had recently taken on the challenge of his life as principal at shaw middle school at garnet patterson. a private funeral service for betts will be held thursday. jackie bensen, news 4. >>> house majority leader steny hoyer was questioned today by an ethics committee looking at the timing of harassment complaints against former congressman eric massa. massa resigned last month after allegations of sexual harassment from several male staffers. the house ethics committee cannot investigate former staff members or former members of congress. instead its probe will focus on when other members learned of massa's conduct and what they did with that information. >>> where is cornhizer and the bandwagon when you need him? we all need to jump on the caps bandwagon. this was a good one. >> the capitals took care of business with a 6-3 win over the montreal canadiens giving the caps a 3-1 lead in the series, meaning they have the chance to verizon center. friday at the they had to come from behind in this one. caps trailing 2-1. canadiens on the power play lookin

. >> reporter: students at shaw middle school and garnet patterson have left heart breaking message for a man many have described as a superstar "rest in peace, mr. betts." "we love you, mr. betts." gm county police wouldn't say if detectives found anything of value inside betts' suv. they called the investigation their highest priority. >>> d.c. councilman is angry over the voting rights act. the newest version of the bill call for a repeel of d.c.'s ban on assault weapons. councilman tommy wells says all it takes to make his case is the case of the ten people shot on south chemical street last month. "after seeing the images of grieving parents and their children riddled with bullets from an ak48 i could never support a compromise for voting rights by making assault reps legal on our street. house majority leader of maryland said congress won't take up that bill anytime soon. >>> the white house is stepping up efforts to get financial regulatory reform legislation passed. the push on wall street is igniting another epic ballot on capitol hill. today the head of the white house economical council spent time meeting with republican lawmakers. de