deficit and will take a look at crony capitalism then and now during the financial crisis how did hank paulson then u.s. treasury secretary get away with warning hedge fund managers about a possible takeover of fannie mae and freddie mac. months in advance while telling the u.s. senate that intervention was probably not in the cards and now how did john for a sign of m.f. global get away with betting almost twice the amount of european sovereign debt that he disclosed to investors also take a look at how too big to fail has become even too much bigger to fail take a look at this football field of dollars ok that's what a trillion dollars of cash looks like imagine seven hundred of them and that is the amount of derivatives floating around the financial system now this is the most reported ever to see this as a sop skyscraper take a look at that building and multiply that by seven ok that's what seven hundred trillion dollars looks like now imagine that that skyscraper actually all seven of them come tumbling down. we'll talk about the damage that could cause let's get to today's capital accoun

at a few financial bombshells that are being reported by bloomberg former treasury secretary hank paulson warned hedge fund managers about the takeover of fannie and freddie and a seven point seven trillion in secret loans by the fed the largest banks in the country earned them thirteen billion dollars now that all happened in the past but if any of those practices really change the prince will join us for that one then the senate is expected to vote tomorrow on the provision that would mandate military detention for terrorist suspects american citizens included and president obama's threatened to veto this bill but is that only because it takes away some of his unchecked powers marcy wheeler is going to help us hash it out and new research shows that young voters they care big time about their civil liberties and they reject america's militarist approach to foreign policy so why are these figures ignore and candidates who uphold those views like ron paul treated like they're fringe we have all that and more feet and i couldn't because of happy hour but first take a look at the mainstream

. >>> what was hank paulson giving hedge funds tips on fannie and freddie?n be irritating. challenge that. new olay smooth finish facial hair removal duo. first a gentle balm. then the removal cream. effective together with less irritation and as gentle as a feather. new olay hair removal duo. her morning begins with arthritis pain. that's a coffee and two pills. the afternoon tour begins with more pain and more pills. the evening guests arrive. back to sore knees. back to more pills. the day is done but hang on... her doctor recommended aleve. just 2 pills can keep arthritis pain away all day with fewer pills than tylenol. this is lara who chose 2 aleve and fewer pills for a day free of pain. [ female announcer ] get an aleve coupon in this sunday's paper. >>> what now? the house ethics committee tells lawmakers to just say no to insider trading. this is a story that's been going on for a couple weeks. "60 minutes" had an expose that some members of congress were used proprietary information. >> look you put these people into office -- what's so funny? >> i

read hank paulson's book. paulson says, bush's secretary of the treasury, in 2006 when he became secretary, he talked to me, i was then in the minority, but it looked like the democrats might take over. he said, accurately, he said to me, can we do something about fannie mae and freddie mac if you guys are in the majority? i said, yes, because i had earlier thought they were okay. by 2004 and 2005 w, i realized had been wrong and he was too optimistic. in 2007, when i first became the chairman, we passed the bill to control fannie mae and freddie mac. and in fact, senator dodd and i got the legislation through, and as a result of the legislation that was ultimately signed in 2008, frannie mae and freddie mc were put in a conservatorship and now are not losing any new money. they were old losses. so, yes, during the period when newt gingrich was first the speaker and then a republican lobbyist, there were no regulations. but i was very impressed with how well he was doing, because he said that he doesn't rememb

requirements were met you know this was all established in two thousand and eight remember when hank paulson put a gun to congress and said and got almost a trillion dollars from congress to give goldman sachs's by these now they did the same thing in the euro tarp so this is moral hazard times moral hazard it's moral hazard to the nth degree and the worse you are paying back your loans the cheaper the interest rate gets and the more money you get how do i get that deal in other words let me explain something say however if i were to throw up into a bucket of vomit if i'm part of the top one percent i can take that to the fed and get a billion dollar loan as that as collateral but if i'm in the bottom ninety nine percent all i've got is a bucket to spew. well let's look at the bottom ninety nine percent in this next headline a banner day for the one percent as bank stocks soar this is a commentary from david callaway on dow jones market watch and he says in one of the more bizarre twists of fate that only markets can bestow the occupy movements burst to fame around the world this month has b

those banks that went on to make thirteen billion dollars off of them or the revelation that hank paulson sat down with them his old buddies a goldman sachs and told him that the u.s. government was going to put fannie and freddie a conservatorship weeks before the public had such knowledge because both those things are pretty messed up so it turns out that under current law the fed doesn't have to report to congress whatsoever the one and only time they've had to open up their books is during the first ever government accountability office audit this past year and in fact the only reason we know about the fed lending is due to a freedom of information act. and i asked for hank paulson disclosing on public information to his friends fairly that's totally kosher because there's no direct evidence that that information was traded on which seems absolutely insane to me so yes i would agree if this is the way things are going to work around here a total overhaul the system is exactly what's needed next i want to respond to the viewer who watched my interview with marcy wheeler on the amendmen

i am walter paulson. ♪ how much is that doggie in the window? do hope that i can walk that dog ok ♪ and ♪ i'd love lassie i hope i can walk into the zoo, to the zero i love walking dogs. number two. make it work out, too, for the dog walking item two. i walk my dog i want to walk him right by you. and you have got a dog walking friend. make it all right. when i walk in them. wog them around the bend, because you have got a best friend that you are walking around. you will walk them to the end, and you will walk your dog in the grassy park to the end. ♪ [applause] president o'brien: thank you. next speaker, please. commissioner o'connor: cannot make a comment? i just want to make the comment that the first song was the best song and delivered with the best execution korean banks. -- thanks. >> thank you for hearing my comments. i run a small business with dog walking. i have been doing it for two years. i really just wanted to say that one thing i support about the legislation is the requirement that people who abuse animals are investigated and

but we worked with paulson. as a result we got a bill passed in the house in 2007, in the senate in 2008. paulson then put them into receivership. and the man who now runs fannie mae and freddie mac -- obama tried to fire him and the senate saved him. he said that since the legislation that we passed, the democrats in 2008 went into effect, there have been no further losses incurred by fannie mae and freddie mac. they have been profitable since then. >> great to have you on. congressman barney frank, thanks for coming on. >>> coming up, republicans are twisting president obama's words. i would say lying about it. he didn't call americans lazy. we've got the videotape. we're going to show you what the president said and what they're distorting to the point of lying. you're watching "hardball" on msnbc. >>> this week in wisconsin, the campaign to recall republican governor scott walker got underway. and right now, according to a new poll from wisconsin public radio, wisconsin voters are on board with the recall. 5

who made four billion dollars last year and paid seventeen percent john paulson pay a hell of a lot more taxes than a policeman or teacher pay seven to the son and that's a much lower rate than i am god has worked hard ok. well sources say percents of up a big pile is a lot more than a little bit of money and we both know that's our david abroad sent thanks a lot for being with us thank you tom and thanks to your list viewing audience it was so. crazy alert don't forget your workout underwear my new invention out of japan allows people to burn calories while just wearing their underwear calorie shaper is a new infomercial product being sold across japan that is literally a pair underpants built with a honeycomb spring that offers calorie burning resistance where people are doing everyday tasks like walking getting up out of chairs or working around the office or doing the little choreographed dance. the nutty. how do you see the. look so that. you can feel. good.

i was talking to steve earlier, paulson in the morning.e have 50 year weather experience and we can't remember a time when the models were this wish washy. your thanksgiving day looks like it'll be dry in the afternoon. >> three hours this way or three hours that way is that the kind of thing we're looking at. >> and that makes a big difference. >> it does. >> so check in in the morning. but right now it looks like rain on thursday. >>> uk company the camelot group is offering to take over the lottery. the company manage the lottery sales and profits. >>> starting january 22nd shipping services will go up an average of 5%. with increases depending on size and weight of the packages. first class stamps are going up to 45-cents. but the hikes will not cover losses which totaled more than $5 billion last year. >>> baseball players will be required to partially give up a popular past time to discourage young folks from taking up the habit. [ elevator bell dings ] ♪ [ male announcer ] sometimes, a hint is all the wrapping a gift needs. is that

i was talking to steve earlier, paulson in the morning.0 year weather experience and we can't remember a time when the models were this wish washy. your thanksgiving day looks like it'll be dry in the afternoon. >> three hours this way or three hours that way is that the kind of thing we're looking at. >> and that makes a big difference. >> it does. >> so check in in the morning. but right now it looks like rain on thursday. >>> uk company the camelot group is offering to take over the lottery. the company manage the lottery sales and profits. >>> starting january 22nd shipping services will go up an average of 5%. with increases depending on size and weight of the packages. first class stamps are going up to 45-cents. but the hikes will not cover losses which totaled more than $5 billion last year. $5 billion last year. >>> baseball players wi including starbucks. it's the way to brew everyone's favorite cup in under a minute. way to brew! >>> mayor league baseball players are going to be limited when and where they can use chewing tobacc

. >> walter paulson. ♪ oh, city, take a look at me no you are there on the floor wanting me to have betterand use now ♪ ♪ don't go thinking of want collegi don't want better college districts maybe i do ♪ supervisor mar: miss stewart, miss hammonds, please come forward. >> my hame is hannah stewart. my comment pertains to the first issue being the proper release me of the intersection of ocean avenue college district. i believe the development for a public plaza for the next 75 years, it will benefit the surrounding community under certain conditions. they can be beneficial if it contained a more natural landscape and even worked toward a community garden where neighbors of the community college of san francisco can attend. if it contains benches and tables i believe it will bring the students to study and me go outside rather than being contained to and in your library -- and mingle outside rather than being contained in an indoor library. there are numerous restaurants in ocean avenue, and it will give them a place to sit outdoors and properly dispose of the leftovers. it will that a fun

. >> brent: you've got paulson, the tight end. he chucks it. palmer.irk: i've got it all. paulson played quarterback in high school. he has some experience throwing. you never know what you can expect to see from oregon even early in the game like this. >> brent: so they go out by eight and they come back with taylor, the cardinal here, on their first down at the 22. now let's go -- >> kirk: the last time andrew luck was out there, the pressure, the way oregon's mixing up their looks, he came back to the right. and he makes the poor decision. on the other side, darron thomas, known for his ability to run the ball, makes a great throw, and throws it on time. and the difference in the game right now is the turnovers and the touchdown by oregon. >> brent: second down and three. taylor bangs for the first down. >> kirk: the last time, brent, you and i had stanford, they're playing in the coliseum, late in that game. luck made a poor decision. he threw the football at the flat. robbie stepped in front of it. pick six. the very next possession with three min

john paulson made more money in two years than steve jobs at apple made in 30 years. >> that is gambling and taking advantage of government manipulation. when the government gives special favors to a group of people that is wrong. >> yess, everyone here is going to agree with that concept, but the problem is that their message is muldied. they are arguing against bailouts that happened years ago. we need to move on. and there is no solution. what is the alternative. crazy jobs? >> and there is a consensus that that is bad. crony capitalism is not what we should be for. >> >> and coming up. more stores trying to lure you in. and informers say stay home and do this instead. buy the stocks that have you gobbling up profits . >> so don't go shopping on thanksgiving. enjoy your family and turk yethen buy the stocks and of companies. >> apple has a balance sheet. quen bucks a share in cash. >> kim, do you like apple? >> i see visions of android phones and kindle fire. they are a lower price point. >> i love my dog and you like pet smarts. >> record 50

steve paulson is here with the forecast. you called it yesterday steven. rain in the morning. >> it was a little tough for a couple days. it came in as advertised. some of the rain heaviest up toward the north bay. after that there wasn't much. we have a little system going by this morning. a little bit in the east bay. it looks like it's going to fall apart. upper 50s to low 60s today. here is tara. >> thanks steve. here is a look at highway 4. traffic on the left hand side folks headed westbound toward concord. no delays to speak of at this hour. at the bay bridge toll plaza there is a bit of fog out there. so far so good as you make your way into san francisco to do shopping this black friday. 5:30 on the nose. let's head back to pam and claudine. >>> there is developing news out of -- ktvukraig debro is live outside the walmart store with what a witness said. >> reporter: good morning, claudine. police have one suspect in custody. they are looking for one other person. you can still see the clothes of the victim there in the walmart driveway. they trie

steve paulson will be here early and tracking the fog. talking about it. are tracking the rain here. you can see tuesday 5:00 rain stays north. not on wednesday morning. coastal fog. rain north. thursday, now. rain starts to drop down. not expecting rain on thursday. but increasing clouds and friday, that's when the rain gets here. the system drops down. doesn't show up here. right now, friday looks like the wet day in the bay area. snow in the mountains as well. snow levels will be low. forecast highes tomorrow, tuesday, pretty nice for this time of year. 65 fairfield. 65 antioch. 65 brentwood. above the average. tomorrow, cool start, warm afternoon. check for the jackets. by afternoon, it's not going to feel like november, middle of november. there is your five-day forecast with your weekend in view. sunday might see more rain and after that real rain towards the thanksgiving week. >> thank you. >>> coming up on ktvu channel 2 bay area news at 7:00 on tv 36, a live look at frank ogawa plaza where protesters returned. we will look at the city's cost. and

paulson. for information about this and other ballot measures, go to the san francisco league of women voters website at sfvotes.com. early voting is available at city hall monday through friday from 8:00 a.m. to 5:00 p.m. >> i am a lawless said griffin. i cover san francisco city politics and the league of women voters. i am here to discuss a proposition c, a ballot that will be before the voters this november. proposition c will change the way that the city, current and future employees share their pension and health-care benefits. it will adjust employee contributions to the retirement system based on the city's costs. reducing benefits for future employees. adjust cost of living adjustments. decrease the city contribution to retiree health care costs for certain former employees. require -- changed voting requirement of the health service board and require election officials to make the same contributions. there are two charter amendments regarding pensions. if voters approve both measures

paulson points out, and put it into receivership. again, gingrich blaming us because the republicans didn't do this. by the way, george bush in 2004 told fannie mae and freddie mac to buy more loans. by the way, gingrich gets it wrong themselves don't make loans, they buy loans made by other people. they bought loans made by others. bush said they should buy more ploens were made to people below the medium income and we objected to that. we enacted legislation to ban the kind of bad loans that were getting us into trouble. the right wing opposed us. we passed legislation to stop the bad loans, the no documentation loans over the objections of the republicans. gingrich was gone by then but his colleagues on the republican side opposed us. >> officials familiar with his work at freddie mac say that his role had nothing to oç with lectures in history. and everything to do with building relationships with republicans on capitol hill. i have to ask you. isn't that lobbying? >> oh, yes, he's a lobbyist. you talk about the "l word with newt

paulson. for information about this and other ballot measures, go to the san francisco league of women voters website at sfvotes.com. early voting is available at city hall monday through friday from 8:00 a.m. to 5:00 p.m. >> i am columnist who writes about san francisco politics, and a member of the san francisco league of women voters. i am here with the league and sfgtv to discuss proposition e on this november's ballot. ♪ propositioned e would allow the board of supervisors and the mayor to amend or repeal initiative ordinances and declarations of policies that are passed by the voters beginning in january 2012. initiative ordinances and declarations of policy are the only kinds of measures that would be subject to proposition e. for three years after a particular measure takes effect, the board and the mayor may not amend or repeal it. after the first three years, the board and the mayor may amend or repeal the measure with a two- thirds vote at the board. after seven years, the word and

paulson. next speaker. -- thank you. >> good afternoon, supervisors. i am with the bread line defense project -- bright line defense project. the reason for excitement that advocates have for this program is job creation. that means prevailing wage jobs, local resident hiring. making sure we can put local people to work by having in-city renewable generation is extremely important. the document i just passed out is greeted by the local clean energy alliance that details of the jobs can be created. roughly 1000 direct jobs would come from installation of energy-sufficient jobs -- energy-eat fish and jobs and also 1000 indirect jobs, meaning employment by suppliers. again, i wanted to emphasize support for holistic clean power program, and we look forward to future discussions. supervisor campos: i want to think the opportunity to thank all of advocates that have been working on this for so many years, for their commitment and persistence, and as hait has bea long time, and we continue to look forward to work with you. >> eric brooks representing san fra

paulson. >> i am here to speak on behalf of mr. watkins because he is a great candidate.donated time has passed the years taking patients to the cannabis hospices because they cannot get out. he also picks them up so they can have their medication or whatever. i was totally against this because i have nothing to do with cannabis. i did not think it was true that it did what it does for people, but i am totally a believer now, because it does. it helps people feel better, helps them get through what they have to get through because it helped him. it was the only thing that kept me sane when i had to deal with what i had to deal with with him. it kept me from going crazy. i am here on his behalf, and i think he would be the greatest for this job. thank you very much. one more thing -- he has no problem getting in because he comes here three times a week every week. supervisor kim: thank you, mrs. watkins. any other public comment? seeing none, public comment is closed during my understanding is we will be hearing this item again on thursday, november 17. if you have spoken

paulson, you're on a roll. president c>> yes, i am. here comes the whistleblowing city night captioned by the national captioning institute --www.ncicap.org-- -- night ♪ here comes the night ♪ ♪ good luck with your side here comes the whistleblowing night make it turn out right ♪ good luck with your side don't let it go down on me and though i searched and what i see is you imagine what you see is like the city sun going down on me ♪ ♪ don't let the city sun go down on me and what you imagine and see maybe it's not to be it's just a fragment in your mind it's like losing everything it's like the city sun going down on me ♪ supervisor campos: thank you very much. next speaker. >> koombaya to you, too. thank you so much for the report, she was also the co- chair of the log cabin report that we did a couple weeks ago. and part of the hearing for this committee. whistleblowing is important. i knew nothing about the program until we started into this. since the report came out, there are winners and losers that are trying to do something ab