we have this enormous prison system, this enormous prison health system, which has been in receivershipor several years now at the order of a federal judge. and we're talking about billions of dollars in spending. it it costs about $47,000 a year to maintain an inmate in the california prison system. maintaining a sick inmate, depending on the sickness, can range many times that, even up to a million dollars a year depending -- >> but even if we let those sick inmates go, we'd still be paying for them as taxpayers, wouldn't we? if we sent them home. >> very likely so. but it wouldn't be coming out of the prison budget, which is a section of the budget that has swelled enormously over the past few decades and a section of the budget that voters say they'd most likely see cut. >> this medical parole bill among the arguments made for it by republicans and democrats is that yeah if we parole them they can get on medicaid and guess who pays for that. the federal government. or most of it. so it would be shuffling around the money. >> but it's out of the state budget. >> exactly. >> the $24 b

now in resolving the losses at the receivership or bridge institution experiences the priority of creditor claims should be respected. when the treasury is reviewing regulator's recommendation, a scramble for liquidity could occur among the various creditors and counterparties motivated by uncertainty just how deep the insolvency is and this is clearly a legitimate concern and we believe that scram he will abouts can be mitigated by giving the receiver a limited ex post right to reverse transactions that can be demonstrated have occurred as part of the scramble or by capping individual county party losses in the resolution process at a specified percentage. politics will determine what would be done here. then we also maintain that it's important to recognize that whatever funding or credit support the fed and fdic provide to a receivership, or bridge institution, is a tax expenditure. it commits the government to spending money, spending taxpayer money and the government supports decisions to levy any kind of ex post assessments to fund these reports are forms of fiscal policy so it is mi

now in resolving the losses at the receivership or bridge institution experiences the priority of creditor claims should be respected. when the treasury is reviewing regulator's recommendation, a scramble for liquidity could occur among the various creditors and counterparties motivated by uncertainty just how deep the insolvency is and this is clearly a legitimate concern and we believe that scram he will abouts can be mitigated by giving the receiver a limited ex post right to reverse transactions that can be demonstrated have occurred as part of the scramble or by capping individual county party losses in the resolution process at a specified percentage. politics will determine what would be done here. then we also maintain that it's important to recognize that whatever funding or credit support the fed and fdic provide to a receivership, or bridge institution, is a tax expenditure. it commits the government to spending money, spending taxpayer money and the government supports decisions to levy any kind of ex post assessments to fund these reports are forms of fiscal policy so it is mi

situation myself quite closely of course are the reason why banks don't want to have to go into receivershipis because they would have to disclose many many many times more the debts than they have disclosed thus far and also in the us is why you have a problem of deflation is because banks are sitting on still trillions of dollars of the bad debts. well let's move on so you've got iceland of course is looking to prosecute the bankers that put them into this bad situation can you tell us some details on that how close are you to capturing prosecuting and hopefully jailing the bad bankers they had kurdish office which doing all the prosecution it's actually arrogating or and for people who are already people that are based in iceland found out where it crosses the circle robert bakker. still nobody has been dead for or actually prosecuted in core but i think we would expect that early next year that would be the first case is taken to court so they claim that they have a standstill at it then on several of the backers and it's just going to be interesting to see who they are and what they wil

help each district sort out its budget problems f it doesn't work, district does end up in state receivership with the state of california then in controls of the finances. >>> still ahead at 6:00, at least one reason to wait for a bus. we will show you the massive piece of bay area technology that wants you to stop and play. >>> one stolen van, some very precious cargo. coming up, the search for several show dogs with worth more than half a million dollars. >>> looking to buy a new car? why today is considered the best day all year to find the deal. >>> and how you can bring some holiday cheer to troops overseas, thanks to a bay area tr farm. >>> and good evening, i'm chief meteorologist jeff ranieri, clouds increasing today but still some cold pockets, livermore, already at 46, san jose at 53, clouds increase over the next 12 hours, but still a chillytart by 6 a.m. and we il will have your timli on the showers coming up. ow >>> google is being watched closely tonight on two continents. business tech reporter scott budman is here with the search engine in the spotlight again. >> reporter: go