at one point the receivership wanted to build seven of those and recommended it be $1 billion a piece. to have an agreement to build only one seems like a bargain. >> reporter: alan martin, cbs 5. >> the judge in the prison health dare lawsuit is beginning to phase out the receivership just last week he allowed the state to take control of the facility that is scheduled to open next year. >>> checking headlines confrontation tonight between hayward police and domestic violence suspect. and a man going to the hospital. officers were trying to restrain the man at the lodge when he suffered a medical emergency. a woman at the scene was not injured. >> a richmond firefighter is recovering from a back injury suffered battling a two-alarm fire. the flames spread to a commercial building in the 1400 block of mcdonald's avenue last night. too hours to extinguish and no other injuries. the cause of the fire is under investigation. >> and, a demolition of an 8- story building in walnut creek could create major traffic problems this week. several lanes along main street will be closed starting t

have put down a couple these institutions, at least broken them up, and the bad assets left into receivership to be left out. you would have been able to downsize the sector and more efficiently allocate capital and again, not paint all the good players and bad players with the same brush. we pretty much did what japan did. we propped everybody up, so the inefficient players out there. they're still nursing a lot of legacy loans and adasserts. >> rose: the impact of hurricane sandy, denzel washington, bob zemeckis, sheila bair, when we continue. captioning sponsored by rose communications from our studios in new york city, this is charlie rose. >> rose: we start our program this evening as we did yesterday with the sights and sounds of the impact and tragedy of hurricane sandy. >> america's with you. we are standing behind you. and we are going to do everything we can to help you get back on your feet. >> rose: the remains of super storm sandy are still causing trouble as far west as wisconsin but it's nothing like the damage in the northeast. >> in new jersey, nearly two-third of cut mers re

i mean, they should be in receivership. at that point, you can make a policy decision on what you debt holders what happens to them or the mortgage backed security holders, but you can also begin selling off assets and doing other things. >> girlfriend to the next question,ly say that the receivership famework for freddie and fannie put in place before the failure is in some ways is mirrors dodd-frank. if you believe the orderly resolution in dodd-frank prevents too big to fail. you need to explain why it didn't work for fedy and fannie. the woman here in front who has been patiently waiting. >> hi, ann stone. i was one of very few women in southeast united states that helped start and organize bank. went through the problems. we started at the height of the snl crisis. we were smart enough we had problems with the churl nirmt the bank that was causing concern to make profitable enough for bbt eventually bought it. it ended up being a good investment. i wanted to ask a lot of speculation was done when financial meltdown hap

at one point the receivership wanted to build seven of those and recommended it be $1 billion apiece. and so to have an agreement to build only one seems like a bargain. >> the judge in the lawsuit is beginning to phase out the receivership. justice last week, he allowed the state -- just last week he allowed the state to take control of the stockton facility. it will open next year. >>> coming up in our next half hour, the sprint to the finish for the presidential candidates. the last-minute campaigning crunch on the eve of election day. >> stay on the roof for about an hour. >> you floated out of here on your neighbor's roof? >> on my neighbor's roof. >> as the east coast recovers from sandy, tonight one father's story of survival. the promise he made and fulfilled to his son. >>> sport fishermen start to reel in the dungeness crab. the outlook for the season here in the bay area. ,, how does it brew such great coffee? well, inside the brewer are these green fields of coffee, actually, i just press this button. brew what you love, simply. keurig. attention in areas crucial o their s

on december 13th they will have a receivership motion.d in a settlement requires the police to except federal minor trend. >> a group of new this are falling a lawsuit. they did not when organs to pass because it would ban nudity in the area. they will be voting on tuesday that will prohibit nudity in city plazas and parks. this was also applied to sidewalks but not too big events. >> it is 9:27 a.m. and coming up we are monitoring what is happening live in san francisco. they are meeting and this could be due to tuition being raised. students are upset about this and we are watching the weather as well. we will be right back. >> the battle is escalating against uc and petitioners. they stated that will okay a budget for the next school year. if this plan depends on the state who is said to give the schools more money. governor brown stated them not to count on this. protesters have been camped out overnight. >> for the first time in more than two hours this in a section does not open. there is a large group of protesters who just move do

. >>> with the showdown looming over whether the police department guess into receivership, oakland is urging a middle ground. ever since 2000 where there was rampant police corruption, the department has been threatened with a federal takeover unless reforms were implemented. now with a december court date, the city is bracing for a possible takeover. but in a 34-page court filing, city leaders argued for the appointment of a compliance director instead. they fear a federal receiver, who could fire police leadership would, quote, cripple the city. >>> in the near future, hundreds of prisoners will be set free thanks to california voters who passed prop 36. that prop reforms the state's three-strikes law. now family members of people convicted of the so-called weak third strikes are hoping the change will bring their loved ones home. nbc bay area jodi hernandez joins us in martinez tonight with one family's story. jodi? >> reporter: raj, the public defender here in contra costa county says she has been flooded with phone calls from families who hope the change will mean their loved one

that the oakland police to foreman is going into receivership by the department of justice. that action by the department of justice is currently under appeal by oakland city officials. jeff pierce, kron 4. if >> steam engine enthusiasts are gathering tonight in west oakland. they are celebrating machines of the industrial revolution. jeff bush. >> it was a perfect day for a steam powered festival. steamed wizards came from all as far away as seattle. >> we bring all of our toys and beg and plead to get as much of vintage steam equipment in one place as we possibly can. west oakland phase-in interesting addition but we manage. >> all of this is powered by wood, fire, water. >> this is kind of a lark a thing we do on education and help teach the general public thought things used to be back when. the most of the steam beaches are all more than 100 years old and can power anything from a paddle boat, tricycle, a player piano but restore these machines were used for more practical purposes. >> some like this could be used on a far to haul off to tran locations. perhaps a flywhe

. >> i was going to place myself in receivership. >> thank you for putting it in a percentage perspectiveexican properties are red hot. carl, i'm offering you -- melissa, david, they're so hot that i'm letting you in right now on the ground floor. >> we can take the show there? >> i'll sell properties to you. this is your opportunity, guys. it's not going to last, this opportunity of my mexican properties. >> i'll go to mexico after we go to the mall together. how about that? >> you don't want to go to the other place first. >> let's get to pass bob pisani the floor. >> gold down almost 2%. it's down almost 2%. a lot of comments on beige book at 2:00 today. normally that's not a source of suspenseful reading necessarily but with comments from mr. evans at chicago fed that we should consider keeping quantitative easing going into 2013 at the same levels and change that and mr. fisher over at the dallas fed saying we ought to put a clear cap on it. it might be a little more interesting reading than we normally have the beige book. that got comments this morning. a lot of talk about costco a

the second question is, had the united states decided as a major stock harder to put that into receivershipnd appoint the surrogate, someone to run it, might that not have a proven impossible any means of drawing business in that area back united states? thank you very much geared i will take my answer off air. guest: there a couple different questions in their pure and one is the question of, for the financial markets broadly viewing the fiscal cliff? i think that is a great question. there's a lot of concern that if congress does not come to an agreement of some kind and reassure the market, the congressional budget office has said that the united states can go into a recession if nothing gets addressed and they go off in this clip. and so i think economists are very concerned about that. because no one wants us to go back into a recession and have economic growth slowed that much here at the wall street and the business community is really watching this and putting a lot of pressure on congress to come to some sort of deal. the business roundtable, a big lobbying group here, have said we