n.s.a. the national futures association which was responsible for much of the day to day policing in the auditing and in fact audited p.f.g. in two thousand and ten and two thousand and eleven it found nothing so are these the folks that you really hold responsible. i do and i am a former member of the board member of the n.s.a. it is their responsibility they are charged with keeping the markets fair not only for their brokerage firms themselves because they can be ripped off by customers. rogue traders as an example as well as customers and clearly the n.s.a. just walked away from many duties. ok and resident the they're going to was on the board and they treated him with kid gloves and that's a great point you bring up which is that russell was on the board of the n.s.a. and you hold them accountable you want to hold them accountable for what you consider gross negligence these guys are not paid by taxpayers they are not a government regulatory body though they're given some of this authority by government regulators you want to sue what did you find well it's really interesting what i found i

n.s.a. the national security agency which has a long history of just being a total black hole for public informationnot only the last two boy requests that i just. because gone to n.s.a. up to ten times in the last few years asking them for information asking them for them to make anything that they're doing public to be held to some sort of transparency standard and they just won't comply and we believe that given the choice of these two alternatives that we would much we would much greatly prefer the civilian agency than the military yet you know i think a lot of critics would argue that by doing this by having so much unknown and always keeping it secret in the name of national security it's sort of cheapens what you know the things that do need to be kept secret in the name of national security when there's such a sweeping you know this is used and overused i think it could be argued as you mentioned the only place really that we know anything anything about this is in this washington post article. but in that article it says that you know it effectively enables the military to act more aggressi

the future. my guest today is william binney whistleblower former national security agency official he was one of the first to reveal the agency's massive domestic spying program mr binney revealed that n.s.a. sought and received access to telecommunications companies domestic and international billing records that it has intercepted somewhere between fifteen to twenty trillion communications mr binnie also claims that in order to cover its warrantless surveillance the agency concealed it under the patriotic sounding name terrorist surveillance program mr beaty thank you so much for coming in light of the patriots slash alan scandal while the public is so focused on the details of their family drama one may argue that the real scandal in this whole story is the power. of the surveillance state i mean if we take general allen thousands of his personal e-mails have been sifted through private correspondence i mean it's not like any of those man was planning an attack on america does it prove does this scandal prove the notion that there is no such thing as privacy in a surveillance state. well yes that's what i've been basically saying for quite some time is that the f.b.i. has access to the

the national average of 2%. maryland houses many major government institutions like aberdeen proving ground, fort meade, the naval academy, n.i.h. and the n.s.a., all would see drastic research funding cuts. half of the automatic federal spending cuts slated to begin in january hit the department of defense. we are one of the most defensive states in the country. maryland is very much in the crosshairs of the fiscal cliff. economist innerbun basue points to one of baltimore's crown jewels -- john's hopkins university. it would take a big hit because it's the leading recipient of n.i.h. research grants. the fiscal cliff isn't just about spending cuts. tax increases would have to happen, too. since maryland is considered a higher income state, more money would come out of more of your pockets and also we have more investment income. capital gains and dividend tax rates are scheduled to rise january 1. if congress and the president don't come up with a solution, experts predict maryland will be in a recession by early next year. george lettis, wbal-tv 11 news. >> as we explained the fiscal cliff in greater detail, particularly how we got here an