. >> joining me, john ralston of ralston reports. he got up early.now he doesn't like doing that out there. but i appreciate it. john, let me start with you, got got a whole bunch of republican governors who responded to romney's comments. and boy, did they seem to pour cold water on romney's chances. >> it's amazing. what better place to come, the land of second chances, for re-election, than these republican governors. bobby jindal saying you can't keep dividing the american people. essentially saying we can't be the dumb party anymore. i'm surprised they still call themselves the republican governors association. they're changing their branding this week in vegas. >> michael steele, blame the voters? >> it's an odd, stupid, silly thing to say. it goes to the frustration the republicans had about how the campaign was executed. not just on the romney level. but the national strategy by the rnc. the losses in the senate which were, you know, amazing. given where we were, six, eight, ten months ago. the reality is, i said it before, i'll say it again,

to your point on early voting, john ralston of tsays they need everything to break right. there's an interesting subplot in nevada. they basically do not have a republican party infrastructure in nevada. ron paul supporters took over the republican party back aways back. it's disintegrated. they had to set up a shadow operation in the state to give rnc money. the republican party there is really a disaster. on the other hand, the democratic party probably has its strongest machine in the entire country in nevada thanks to the work that harry reid has done and also the 55,000-member culinary union. i would also add to that where nevada is a place having that ground infrastructure is so critical because they were hit hard by the housing crisis. people are displaced. you can't get a list of phone numbers and expect to reach anybody. you have to knock on doors, figure out where people are living, what their new number is, how to get in touch with them. i think democrats are much better equipped to do that kind of work. >> yeah. i think there's such a thing as a few states that

. >> in the white paper that alex and peter ralston and i wrote a year and half ago, we trust this question twofold. one was we should have a mortgage market that does not rely on government primarily in the way you get there is by having expert tatian and i designed the vast majority of loans are prime loans and commonsense panels, not the way they came to be defined. secondly, we suggested mortgage-backed security should be limited to prime loans. if you want to do something else can you do that through portfolio, with a capital requirements and others are different. i also point out there is a great study on my scholar page of the new york governor appointed a commission to investigate the collapse of mortgage-backed securities market and there is a commission appointed in this report and he detailed the problems of mortgage-backed securities. the date of the report is 1934. again, you can find it by web page. thank you. >> thank you. a question up here. microphone on the site here. >> i was just going to add a comment. >> i was with the other gse from 1990 to 1995. i became director of

here in ralston northbound high standing water was the cause of an accident that is still blocking then the nimitz freeway the sensors cannot show if there is the back of on the northbound side. >> thank you george this has been kron 4 we are following our colleges the lights are out on the bay bridge. that may cause a slowdown. as far as the customers in neighborhoods around the bay area 10,000 people are without power in the north bay. 4000 in the peninsula and south bay. and 1000 in sonoma. 350 people in san francisco. 300 in central coast. too much in the east bay and 70 in san jose. the numbers may increase unfortunately as the storm continues. >> thank you mark let us get back outside the rain is hitting the south bay and peninsula this morning. let us talk to kron 4 solo reporter yoli if she is standing by highway 101 by burlingame is that correct. >> that is correct coming out of the streets of burlingame there is hattic that the storm has caused such as falling trees, falling down fences and garbage cans. i will show a bit of video the next time around. i have been on the road

couple of different incidents including two separate accidents, one eastbound lanes of 92 approaching ralstone peninsula northbound 101 right before san tomas expressway. one lane is blocked. and we're seeing a long line of red traffic sensors just behind that accident. else where, here's a look at the nimitz, this is a problem since about 7:30 this morning. it's been jammed up. we had one earlier crash actually in the opposite direction southbound 880 approaching embarcadero. but it's the northbound lanes, it's stop and go from hayward to downtown oakland. similar story for the milpitas ride. you can see just a few brake lights leaving milpitas at 880 880/237 and the bay bridge toll plaza, 20 minutes to get on the bridge. here's lawrence with the forecast. >> changing weather for the bay area today quiet to begin with out the door. a lot of sunshine and a few high clouds moving in overhead. the temperatures now in the 40s and 50s. but as we look toward the afternoon we are going to see some increasing clouds and that means some changes on the way. temperatures still pushing 70 degrees into p

we just heard of a new crash on eastbound 92 at ralston avenue. is near 280 and 92 in san mateo county. that is new crash. late go to some live pictures. the bay bridge, it's improving. so if you are trying to get into the city, this is good news for you, maybe it's nor like a 10 minute delay. 237 traffic is slow. now to steve. >>> some sun, but a lot of clouds beginning to circle the wagons, and coming up from the south, low clouds, higher clouds will be from partly sunny to mostly cloudy. it won't take too long. the our system is on the move. right there. this will give us rain, maybe late tonight, more likely tomorrow morning, could be drizzle. i think we have to wait for this to swing in. it won't be a lot, but it will start tomorrow morning. we'll see the clouds roll in in the afternoon. we have two systems, first one late tonight, tomorrow morning, and the second one from the north. the first system set the stage, second colder. the weekend won't be a total wash, but it's going to be cool and breezy. 450's and 50s on the temperatures, some 3

. >> it's the food part of ralston purina. with dogs and they made cereal and spun that off and then it became mostly private label. it's cash. interesting i guess. it's not stock. conagra may not go down. >> people have wanted this deal to happen for a while. the question is whether they would overpay. it's worth noting at the time that they were first looking at this or at least the last time a real price was on the table, my understanding was they were offering $94 per share. that was prior to the spin-off of post. if you back out post, you are now at 90. that's still a decent premium for the company. >> all right. we're just a little over a month away from the fiscal cliff. do lawmakers have the courage to rise above and get a deal done? our guest hosts this hour are here to talk about it. roger altman, chairman of ever corp partners. in recent days, i'll start with you, ed, i don't know if we have gotten any closer or further away. i know the president is going to talk tomorrow and say he won't cross that line at 250 for