phil gramm >> yesterday it was revealed that the fbi is involved in the search. the phillies searched her home yesterday but did not say why. yesterday in fremont friends and family held a candlelight been adopted that brings us to today. authorities in the volunteers are searching 12 mi. radius around the home. >> police are collecting evidence where they found five people dead but it could take time for investigators to piece together exactly what happened. the bodies were found yesterday in the english side neighborhood. that house is near city college. jeff pierce was there today when police returned to the scene. all >> fans francisco police homicide inspectors and crabs investigators continue to examine the hall where a relative discovered bodies scattered throughout the half. family are still trying to define exactly what happened. fifth we have five dead victim's fifth if fact it was a very violent homicide scene. and exiting the home and start taking away evidence bags from both residences. police would not confirm if this was a murder-suicide or if the

with the commodity futures modernization act in one nine hundred ninety nine or two thousand by phil gramm during that entire period of time you couldn't have more than twenty percent of all futures trades in any commodity done by people who weren't either actual buyers or actual sellers phil gramm blew that up because his wife when he was on the board of enron and this made a fortune for ken lay literally made forty million bucks like that forty billion dollars and and now we've got bankers who are old and seventy percent of our competitors if we don't i think we should go back to what worked from thirty five to two thousand and i wouldn't argue with that because me again speculators are the problem it's just there you do a regular job and i know what i'm saying xander for i was wrong it's better for us in the long range if we let prices be high because the alternative energy which is our future is pure which is our future also if your view is that if they were going to get to know you would be over seven thousand times i don't know what do you have it. last question this week president o

chairman of the federal reserve, alan greenspan; the right wing republican senator from texas, phil gramm, who once called wall street "a holy place," and later would become a high priest at the global banking giant, ubs; and the democratic secretary of the treasury, robert rubin, former co-chair of goldman sachs and tireless advocate of taking down glass-steagall. in the weeks before its repeal, rubin left government to join -- are you ready for this -- citigroup's board, the very financial giant made possible by glass-steagall's elimination. and so it was -- the fix was in, the path cleared all the way to the top. >> sandy called his friend the president last night and invited me to join in on the conversation, and we had a good talk. so the president was in fact told last evening about what was going to happen. >> you got that, i'm sure. wall street was telling the president of the united states what was going to happen. within two years, glass-steagall was deader than a doornail. with the stroke of a pen, president bill clinton signed legislation that eliminated its protections and ga

bush bailed them out and since ken lay and phil and wendy gramm got into the game on behalf of enron wall street bankers have gone from out of salaries to in some cases earning over a billion dollars a year per person is over twenty people on wall street every year make over a billion dollars since then in two thousand and ten the supreme court said these billionaires could begin to buy politicians and little russians with their money as the citizens united decision so with enough money to corrupt congress the banks are set out to do it and on their very own republican candidates for president several wall street bankers are among romney's biggest multimillion dollar plus funders and another wall street guy foster freeze owns ricky santorum this didn't start with citizens united that was the high water mark it really all started with ronald reagan appointee and wendy gramm had to see f.t.c. and ken lay making her and her husband an offer they couldn't refuse or a group of graeme's are now retired and incredibly incredibly rich in our democracy is unmeasurable or poor. it's wednesday

can't but it can be one nine hundred ninety nine that a blown up with great grandma riley thanks to phil gramm on behalf of his wife wendy was a board of enron so the enron could do this and now you could do both and so the volcker rule says no you can't do both anymore you have to pick one of the other it's not fully implemented even right now members of congress who oppose the volcker rule who want to keep things the way they were over the last eleven years have collected more than sixty six million dollars since two thousand and ten from baxter's which is three hundred eighty eight thousand per member and therefore we have four times more than those members of congress who are in favor of the broker or isn't this like primal face evidence of. horrible corruption of our congress by the bankers when we didn't because you said just about anything with their unions is there i mean any kind of campaign donations yes so what are we going to do about that is you have to let the system work itself out i mean there you go i don't think you should just say we disagree with the lobbyists the voter rul

by phil gramm deregulating the banks and the regulating housing and the regulating derivatives his wife wendy in ninety two reagan appointee at the end of the bush administration that led to this incredible crash i you know i agree we should go back and we regulate those things and make banking boring again instead of dangerous but none of that is going to put our economy back together i don't think raising taxes especially going to do the trick it has in the past you could show that is a kind of circumstantial thing that happened in the past and you also showed in the eighty's it did in the thirty's it did in the in the one nine hundred eighteen that did in the eight hundred sixty s. the thirty's it bit only of the first one to hoover when he really did to the great depression i'm talking about before harding i'm talking about warren. wilson and you know raised taxes up to ninety one percent harding came into office nine hundred twenty one drop them from ninety one percent the other twenty five twenty five percent and the result of that was the twenty's as boom which was one of it's to

senator republican senator phil gramm got over a million dollars for his senatorial campaign from enron push legislation in congress to do regulate derivatives so that enron and other bankers like goldman sachs could make billions with a b. in profits within one year after graeme's bill passed in two thousand enron's wholesale revenue quadrupled to over four forty billion dollars and other banks are starting to get into the game and runs bets took them down there was no government bailout for enron when they got caught shorting things but wall street banks toure's kept making the same kinds of bets on essentially the same kind of the same kind of products these derivatives and when they crash in two thousand and eight george w. bush bailed them out and since ken lay and fill in when he gramm got into the game on behalf of enron wall street bankers have gone from out of salaries to in some cases earning over a billion dollars a year per person is over twenty people on wall street every year make over a billion dollars since then in two thousand and ten the supreme court said these billio

it was continued by phil gramm and i took it in 1994 and this is something that we do to tell murk -- america and to assure that texans always remember this day in our history. because after this, of course, we became a republic and we were a republic for ten years before we became a part of the united states. so it is with pride that i read for the last time as a united states senator representing texas the wonderful letter that was written by colonel william barrett travis. he said, "to the people of texas and all americans and the world: fellow citizens and compatriots, i am besieged by a thousand or more of the mexicans under santa ana. i have sustained a continual bombardment and cannonade for 24 hours and have not lost a man. the enemy has demanded a surrender at discretion. otherwise, the garrison are to be put to the sword if the fort is taken. i have answered the demand with a cannon shot and our flog still waves proudly from the walls. i shall never surrender or retreat. then i call on you in the name of liberty, of patriotism and everything dear to the american character to