neighbors say the young teenage girls living in shelby lewis' home were friendly. >> i talk with onethem, they say what's up. >> mike houston lives across the street. >> young kids. they played out there a lot. play with some of the neighbors here. and some of the kids up the street. >> federal authorities say this prostitution ring came to light back in may on this corner, of k and 14 in washington d.c. that's when authorities say a 14, and 16-year-old teenage girl were arrested for soliciting an undercover police officer. those teenage girls told detectives that shelby lewis was their pimp. >> police say this home was raided and evidence confiscated, including a gun, and numerous photographs of the victims. at the same time, the national center for missing and exploited children got a report about a missing 13-year-old. the charging documents indicate when the teen was located, she told police shelby lewis had forced her into prostitution at the age of 10. in washington d.c. staggering statistics are revealed. >> at least 100 had thousand children are brought to the commercial sex

police say the sex ring was operating at shelby lewis' home in temple hills. he was charged with using four young teens as prostitutes. one victim tells police she started when she was 10-years-old. >> the young kids, they played out there a lot. play with some of the neighbors here and kids up the street. >> i didn't think nothing was going on at the house. >> well, if he is convicted on all federal counts, shelby lewis could face life in prison. >> a frederick county teacher pleads guilty to receiving child porn. 25-year-old adam win sore a theater and band teacher at bell len injury middle school. he faces 25 years when sentenced in december. and faces state charges, including child sex abuse for allegedly using a hidden camera to videotape girls as they change clothes in a dressing room during a play production. >> a victim is found after a house fire in charles county. firefighters discover the body of a 62-year-old man in this brian roadhouse after a fire that occurred on wednesday. fire officials say there were no working smoke alarms throughout the ent

if convicted shelby lewis could face life in prison. this is fox 45 news at 5:30. >>> all right kathleen. police investigate yet another case of animal abuse in south west baltimore. this time it happened in the 2600 block of wilkins avenue yesterday. officers say witnesses saw several boys holding a kitten by the tail and throwing it. witness grabbed the animal away from the kids and got help for the animal. >>> so she brought the kitten in to us and we determined that a kitten had a jaw injury so we sent it out to a vet hospital for treatment. >> now the kitten will be undergoing surgery. it's expected to fully recover. mean time police are offering a 1,000 dollar reward for information which leads to an arrest. >>> pasadena woman and son face several charges at this hour after nearly 2 dozen dogs are found neglected in a home in pasadena t.janet taylor and son jeffrey both face 42 counts of animal cruelty. both face jail time and fines. animals being treated currently. once healthy enough they will be put up for adoption. >>> baltimo

good to have you with us, senator shelby. financial regulation seems safe to say is goes to pass. the question, is in what form? is it going to have teeth? >> well, i think you put it fairly clearly there. what i've been trying to do in working with senator dodd and others is to slow the train down to make sure we know what went wrong before we rush to judgment to correct something. and we've been doing this. i think there's a good chance that we will pass some meaningful financial reform. we're not there yet. we are working off and accepting and rejecting some of the white paper that came out of treasury, secretary geithner. we've got a lot more work to do. what we've got to have, i believe, is not piecemeal but the comprehensive reform, especially we've got to approach, and this is very complex, very difficult. that is, how do we deal with the rating agencies? they played a role in this. >> of course. >> how do we deal with derivatives? we can't do away, with them, we don't want to do away with them. we've got something to do with the clearinghouse exchange. we don't know what y

. >>> the nutty senator from alabama richard shelby said that a.c.o.r.n. is corrupt across the board? we'll get into that. these days, wouldn't it be great if saving money happened as automatically as everything else? at bank of america, it practically does. use the bankamericard power rewards visa credit card and earn rewards like cash back with every purchase. cash you can put into savings. or even use to help pay down your credit card balance. it's one of the many ways we make saving money in tough times a whole lot easier. the one deal in the neighborhood where you get the real food. featuring a half rack of our new double-glazed baby back ribs with your choice of sauces. get one full-sized appetizer and two real entrees for just twenty bucks. it's 2 for $20. only at applebee's. >>> coming up, the righty nuts versus a.c.o.r.n. they're going for the jugular trying to choke off the group's funding. with a way to plan for what matters to you. introducing blueprint. blueprint is free and only for chase customers. it lets you choose what purchases you want

and shelby county. and i represent part of shelby county.the honorable lady from brentwood, tennessee, represents part of shelby county as well, on the republican side. in 2007, the 38101 zip code in memphis had an infant mortality of 31 deaths per 1,000 infant deaths. that's nearly five times of 7.8 deaths per 1,000 live births. and that's worse of the developing nations i have ran, el salvador, syria and vietnam anyone fant mortality. in my own family, there was an incident of infant mortality. my mother and father's first child, rosemary, died at 1 month of age in 1945. she was buried with some other family members, not direct family, in 1945. when my father passed in 1992 we buried him at elmwood cemetery. my mother was so touched and always was by the loss of that child that she had her name put on the stone with my father even though her remains were at another cemetery where her name was also. i don't think and that taught me something about infant mortality. a mother never forgets the loss of a child and it affects that mother foreve

. >> since then, however, though, we now have senator shelby of alabama has now started raising questionsbout that. we have senator coburn has likewise raised questions, and in florida produced a bill to require proof be provided for anyone in the future running for president that they are, indeed, eligible to be president. it has i believe now either five or six co-sponsors so that's started to progress. so, we're very happy about that. >> that was republican senator richard shelby of alabama they're talking about. tom coburn of oklahoma and republican u.s. congressman bill posey of florida, who has written a birther bill that actually has 11 republican co-sponsors now. apparently it only costs $100 to run this half-hour infomercial late night on the lubbock, texas, station on which it has been running. it's also expected to run in markets like huntsville, alabama, stlooef port, louisiana, abilene, texas, and alabama. this infomercial only needs to persuade three or four gullible late-night tv-watching birlters to part with their 30 bucks in order to cover the costs of keeping this brill

of his skateboard and cracks his shell and visits a nutritionist a who tells him how to crack his shelby eating healthy foods. >> how can we get kids to eat healthy when we put food in their lunch. >> a few things to concentrate on. first, think of whole grains. >> right here. >> whole grains would be. >> most people are already packing whole grain sandwiches but these sandwich thins are great. >> they are smaller, less calories. whole wheat bagels make a good staple for a sandwich. sometimes you can do chips with guacamole dip. one thing that is very important when making sandwiches, some people used processed meats a lot. i recommend you use sodium nitrate free meats. you can get ham and turkey. you can put healthy olive oil mayonnaise on a sandwich. >> there's the meat right here. >> that is natural choice so no preservatives in it. >> no sodium nitrates. >> it goes bad faster. >> no. actually it is in there to keep the meat pink. so it has nothing to do with keeping it preserved longer. >> what about goldfish. >> they are a good choice but they are generally made from white flour but

senator shelby and you are working closely with the administration and the house. we have 25 hearings in the last several months. including one yesterday with some very knowledgeable people about the single prudential regulator concept. there's going to be a lot of people involved in this. some wish we would act more quickly but my view is to get this right. this is very, very complicated stuff and getting it wrong could create a lot more problems rather than help the average person. one thing we need to get back to a little bit on this thing is the consumer protection idea. who do i mean by that? shareholders, policy holders, depositors, people who are the users of financial products. we've sort of walk away from that over the last number of years. you were just talking about underwriting standards when it comes to residential mortgages. so we need to get back to that. if we were a new country writing the rules for the first time, we wouldn't have the myriad. number of regulators that we do today that have historically grown over time. i think most people agree to

la tecnomanÍa le permitía un fanÁtico de los autos shelby cobra hacer un barco inspirado en ellos. >>e fabrican los dos equipos para embarcaciones han sido probados en condiciones extremas de navegaciÓn para que siempre estarÁ flote. y clase tratÉ las vegas es famosa por sus casinos y majestuosos hoteles. precisamente en el hotel mandalay hay un restaurante con la torre de vinos. mÁs grande del mundo atvfçkpiones se lug@h@una de h@h@tgybrkp h@>> h@cuandoel actor tom cruis hizo las escenas de la misiÓn imposible no sabÍa que iban a ser la inspiraciÓn para algo que en las vegas es to u maravilla. me refiero a esta cava en forma de torre, donde la funcióÓn de buscar una botella de vino es un poco mÁs posible. ellos son los Ángeles del vino. colgadas de estos cables de acero van en busca del vino escogido. >> el restaurante cuenta con tres bellas Ángeles del vino. cada una es entrenada por acrÓbatas profesionales les toma 15 segundos subir esta tarde vino. >> tiene capacidad para guardar pies y botellas de vino y por si le interesa ver laestÁ ubicada en el restaurante del hotel mandalay b

a mob let me turn to senator shelby. >> thank you, -- with that, let me turn to senator shelby. >> thank you, mr. chairman. bernard madoff confessed to running in multibillion dollar, multi-decade ponzi scheme. we're trying to understand how fraud of that magnitude could go undetected by the securities and exchange commission by so many years. in the intervening months since his conviction, the sec inspector general has been piecing together what really happened. his report sets out technology -- chronology of 15 years of considerable incompetence. they found that the office of compliance inspections and examinations and the division of enforcement at the securities and exchange commission were made aware at least six times that there might be something wrong with madoff's firm. potentially fruitful leads were not pursued, while significant resources were devoted to running down clearly ineffective maneuvers. investigations were unfocused and improperly documented.

gretchen: richard shelby is calling for a full blown investigation now of acoshocton. live with us this morning from washington. good morning to you, senator. >> good morning. gretchen: i have to ask you because we just played that clip of one of the most well known journalists in the world. charlie gibson of abc saying i don't know what you are talking about with that acorn stuff. what is your response to that? >> well, a lot of the other media, other than fox, has basically ignored these stories dealing with acorn. i don't know why because these are some of most revealing tapes that i have seen on tv. a lot of us have been watching acorn. i have for about 15 years. i believe there is pattern of corruption all throughout acorn. ballot problems. trying to falsify ballots. child pornography and other things. income tax deal. we need a thorough investigation by the inspector general at the housing department. and we also need a hearing and investigation by the committee that banking housing committee that i set on. i have asked senator dodd for that hearing. i hope we ca

alabama senator shelby now calling for a full-scale investigation into acorn's activities. he will join us, tell us what he thinks the catalyst is, and why that is becoming such a big story. plus, breaking news in the case of the murdered yale student just seconds ago. we got news from the medical examiner. they have release information on how annie le died. to other people, then don't bother watching this commercial. i've taken precautions all my life to protect my identity. i've been in law enforcement all my life... and my identity was stolen. did you know that identity theft has topped... the federal trade commission's list of consumer complaints... for the last eight years? it's a serious problem for anyone with a social security number. and it continues to get worse. fact is, on your own, there are many things... you can do to deter identity theft. protect your social security number, shred and destroy, be internet savvy, use intricate passwords, safeguard your purse and wallet. seriously, are you really going to do all that? no, really are you going to do all that...

. >> senator dodd and senator shelby have basically just recently talked about really something that if you pick up our republican alternative, it looks very similar. yes, we've talked about one regulator. now we would have separate charters within there. >> ok. so the different forms of banking. >> i mean, you would still recognize -- although they've said we're going to shut down the o.t.s. i think a thrift charter is not a bad thing. so i think that ought to be preserved. now you still have a choice between being a state or federal. but the regulators, it would be one single regulator, and they would establish single rule. >> should that regulator -- that single regulator be the federal reserve as a lot of democrats have proposed? >> no, the federal regulator should propose monetarily policy. the federal reserve is not a safety and soundness. they're not a prudential regulator. in fact, they do have a very important tax of monetarily policy, a stable currency. and really you shouldn't distract them by trying to make them in charge of either a consumer protection or for that matter

. >> alabama senator richard shelby is demanding a full senate and criminal investigation of the group acorn. he believes the corruption goes far beyond these recently released videos. >> child porn, and other things, income tax deals. we need a thorough investigation by the inspector general at the housing department and also need a hearing and investigation by the committee that banking housing committee that i sit on. >> republican congressman king from iowa has introduced legislation to cut acorn's funding seven times. but blames top democrats from maryland for blocking his efforts. >> when nancy pelosi controls the agenda, and hoyer controls the agenda, if they decide there will not be a debate there won't be. >> meanwhile in baltimore, questions remain over the videotape that included audio of an acorn worker. in maryland it is, it is illegal to record a verbal conversation without their consent. but fox 45 also discovered recently acorn has been illegally operating this office without a corporate charter since november of 2006. the group apparently failed to file annual personal

shelby steele wrote a beautiful book about white guilt.acks all over the world want to come to america because it's the best place in the world for black people. glenn: david, i'm sorry, but we have to g i will have you back, and let's further this conservation a little bit more. right back. d n diabetics on medicare. hello, i'm john fox---you may know that i'm a professional bass fisherman. but you may not know that i have diabetes. and it's never slowed me down thanks to the good folks at liberty medical. i've been a liberty medical patient for years and have relied on them for all my diabetic needs. and, if you call now you'll receive a free meter. it's easy to use with fast results. even the shipping is free and medicare may cover the cost of your other supplies. liberty medical keeps you on track by delivering diabetic supplies right to your door. they even take care of the paperwork, file your claims and send you a free meter. call right now and they'll also send you a free diabetic cookbook. diabetes doesn't have to slow you down. j

shelby louis is charged with running a prostitution ring.r girls, 14 and 16, were arrested in may and said louis was their pimp. a third girl says she has been working for him for the last two years, since the age of 10. >>> governor o'malley is among the state governors to support a jam contraband cell phones in prison. >> reporter: the 20 governors have signed a letter to support the legislation in congress. the bipartisan bill would allow governors to petition the federal communications. to make wireless technology to make illegal cell phones useless in prison. they say that thousands of calls are made by prisoners each year, allowing them to continue their calls from behind bars. and a full senate vote could come this fall. >> the bill is sphwriewsed -- introduced by senator kay bailey hutchinson. >>> an anne arundel county woman and her son have been hit with dozens of animal cruelty charges, after 21 dogs are found inside their home. the animals are still recovering inside the county shelter. >> reporter: the 21 dogs found in the taylo

the reality is governor tim pawlenty and others and richard shelby was on this morning and he is working in washington. they say they want to find a way to get to the real bottom line dollar figure of how much they are getting and cut off all funds because this is only part of the corruption. it's bad enough every office they went to showed a connection, you know, to some of these scandals. but it goes a lot deeper, doesn't it? >> it's systemic. acorn plays a game of throwing rank and file operatives under the bus and claiming these were just the indefensible actions of a few, a handful. that's the phrase that bertha lewis and the acorn brass are using. that's their m.o. that's what they do. in fact, this is system systemic. it's deep seeded and gone on and festered for years and years and decades. the republican party does bear some of the blame because under the bush administration, tens of millions of more was shoveled to these left-wing mortgage counseling reacts and they knew what was going on. let me say something specific about the san diego office, sean. because it's not a surpri

senator richard shelby said, quote, while this vote is important, it is imperative that we proceed immediately to investigate what appears to be acorn's stunning disregard for the law and the abuse of taxpayer funds. such an investigation would serve as the basis for determining not only whether acorn is worthy of receiving other federal funds this year, but ever again. joining me now to discuss all of this is former oklahoma congressman corner back, all around good guy, preacher, j.c. watts. preacher, good to see you. >> thank you. sean: i still want you to run for government. you will not take my word for it? >> folks watching tonight thinking i'm going to make an announcement because you are always talking about that. but i'm not. sean: was quick and easy. all right. we have given over 53 million. they are on schedule, acorn to get 8.5 billion stimulus. they are still applying for more money. we have four days of shocking video. we have more exclusive video tomorrow night. how does this happen? >> well, the senate voted 83-7 to -- 83-7 to say we should not give any more money to them or hud

also today, senator richard shelby wrote chris dodd calling for a congressional investigation of a.c.o.r.nnator dodd's office said senator dodd now supports an appropriate investigation, as they put it, of a.c.o.r.n. they passed an amendment that pars them to getting federal funds, and the census bureau has dropped it's roll in the 2010 census. we have been reporting for some time about a.c.o.r.n. and its employees who have been convicted of voter registration fraud all over the country. now this broadcast has uncovered a tie-in between a.c.o.r.n. and a candidate for high office in new york. the case shows just how entwined a.c.o.r.n. and political campaigns, finances, and candidates have become. bill tucker has our report. >> reporter: a.c.o.r.n. has links with dozens of affiliated organizations across the united states, sharing office space, staff, and goals. last year, workers for the organization were investigated for alleged involvement in voter legislation fraud. the national policy center said it has other concerns. >> a.c.o.r.n. is under investigation in a number of states for alle

senator dodd, the senate chairman has been having, i think, constructive conversations with senator shelby. what happened is this -- there's been a movement in american politics. i entered politics in 1972. the massachusetts legislature. we had a lot of moderate to liberal republicans, senator ed brooke and former governor frank charger. and i worked with a lot of republicans. and in many cases i was against a kind of intrenched democratic organizational leadership. but american politics have changed. it used to be we would say we have southern democrats who are more conservative than northern republicans. that's no longer the case. to some extent, the american political science profession, if you go back years ago, has gotten our wish. the parties are much more rationally divided now. but with a great deal more anger. i do think that trend really began, and i think newt gingrich was very explicit about this. newt gingrich said we republicans will never take power if this is seen as a set of debates between people of good will who differ. he said he forced out bob michel who had been repub

. >> yesterday, senator shelby said he thought a.c.o.r.n.his for years, they got problems everywhere. do you agree with that? >> i don't agree with that at all. i think they've had some very irresponsible people working for them that made some terrible decisions. but a.c.o.r.n. has been very, very important over many decades of empowering poor people, helping people register to vote, all kinds of economic activities on behalf of those who are many times disen franchised in this society. but they've made some horrendous mistakes. i don't know whether they can survive it. >> congressman, great to have you with us tonight. thank you so much. >> thank you. >>> one last page of my "playbook." good economic news this afternoon. americans' net worth grew by $2 trillion in the second quarter of this year. that's the first time it's gone up since 2007. home prices are up as well. real estate values rose 1.8%. that's the first rise in home prices since the end of 2006. looks like the republicans might have a hard time explain thing one. and they might

with that let them turn to senator shelby. >> thank you, mr. chairman. last january right here in this room, a little more than a month after bernie madoff confessed to running a $50 billion multidecade ponzi scheme, this committee ld a hearing to try to understand how a fraud of that magnitude cld go undetected by the securities and exchange commission for so many years. unfortunately, that hearinc yielded few answers. in the intervening seven months since sec inspector's general who's with us today has been piecing together what really happened. his report sets out a chronology that tracks 15 years of missed opportunities and considerable incompetence. the i.g. found the office of compliance and inspections and examinations and the divisn of enforcement at the securities and exchange commission were made aware at least six times that there might be something wrong in madoff's firm. potentially, fruitful leads were not pursued while significant aff resources were devoted to running down clearly unprotective avenues. the investigations were unfocused, un

he mentioned senator shelby. he mentioned barney frank. there are a set of other lawmakers up there who are absolutely with the president on the necessity of moving financial regulation, reform this year. >> but jared, to make the other side of the case we know there are some very powerful lobbyist and people who are interested in keeping things the way they are. so while the president may have the names you just listed, there is another side of the coin that has influence as well? >> absolutely. and that is abundantly clear to anyone watching this. the point that the president was making today is that while there are always going to be folks trying to support the status quo a year ago, remember where that status quo got us. i think our best asset here, i think what's going to help the president, the congress, the folks who really get this to move it toward is the memory of how the global -- not just here, but the global financial market was in danger of collapsing and it was only through a set of interventions to deal with the kind of ris

now, i say "almost" becauseou haveeople like sator rhard shelby who will sti say "let them fail, l creative destruction work its w." there's a very vocal crowd out there. but i saw a recent poll of0 economists, all of em said it was disaer to let lehman fail. eir argument was we didn't have the legal authorityo do it. i'm not saying they're lying or exactly wrong but is not that simple. they cld have found ou a way to deal, wch i spell out in the articl >> rose: which i well, you needed a bear steas kind of deal, a rescuer like.p. morgan. >> rose: a rescuer th a guarane like bear stear. >> extly. >> re: well,ait, before u sathat, they argued that they were o trying to sellit. they weren't but there were a lot of people and they were encouragg people to make a bid d there were no bids coming in. ateast you had j.p. morgan coming in with a bid wn they found out they had a gn tee. before this even started, the preswas full of repos that treasury was saying there ll be noovernment money at all. there will be bear stearns de. they repeated at, theyrought everybody into new york,he c.e.o.s from w

now, i say "almost" because you have people like senator richard shelby who will still say "let them fail, let creative destruction work its way." there's a very vocal crowd out there. but i saw a recent poll of 40 economists, all of them said it was disaster to let lehman fail. their argument was we didn't have the legal authority to do it. i'm not saying they're lying or exactly wrong but it's not that simple. they could have found out a way to deal, which i spell out in the article. >> rose: which is? >> well, you needed a bear stearns kind of deal, a rescuer like j.p. morgan. >> rose: a rescuer with a guarantee like bear stearns. >> exactly. >> rose: well, wait, before you say that, they argued that they were out trying to sell it. they weren't but there were a lot of people and they were encouraging people to make a bid and there were no bids coming in. at least you had j.p. morgan coming in with a bid when they found out they had a girn tee. >> before this even started, the press was full of reports that treasury was saying there will be no government money at all. there will b

and barney as are working with his counterparts, shall be back this shel -- shelby bachus.we are going have the biggest overhaul of the financial industry since the great depression. we ought to set clear rules of the road that promote transparency and accountability. that is how we will make certain that this will foster responsibility, not recklessness. that is why we make sure that markets will reward those who compete honestly and vigorously within the system in style -- instead of those who are trying to game the system. let me outline specifically what we're talking about. we're proposing new rules to protect consumers in a new consumer financial protection agency. [applause] this crisis was not just the result of decisions made by dump mightiest financial firms, but also the result of decisions made by ordinary americans to open credit cards and take on mortgages. and while there were many who took out loans that they knew they cannot afford, there were millions of americans who sign contracts that did not fully understand, often by lenders who did not always tell th

you might read shelby steele, you might read ward connolly or any number of other people. and i felt i had answered adequately. the guy drove me to the airport after the speech in dallas. arrived home and one of the people from the organization that sponsored the speech called and said we are getting calls from reporters, calls from reporters at the fort worth star-telegram who says you gave a racist speech and made racist remarks, and i got the guy on the pho, e reporter, and explained the context and told him the story about my son and he seemed very disappointed for one thing that he wasn't going to be able to mail me but also satisfied with my explanation in and he said he would call me before he ran anythin he never called me back. he r this piece accusing me of being racist, took what i said and twisted the context. it was a very ugly thinand then i saw this piece of picked up by a bunch nf other paper a bunch of other liberal papers i must say all throughout texas and it was extreme upsetting. i marched forivil rights. i as i say still believe in everything martin l

closely with leaders in the senate antehouse, including not only barney, but also chris dodd, bridget shelby. and we intend to pass regulatory reference through congress. taken together, we're proposing the most ambitious overhaul of the financial regulatory system since the great depression. but i want to emphasis that these reforms are rooted in a simple principal:we aught to set clear rules of the road that promote transparency and accountability. that's how we'll make certain that markets foster responsibility not recklessness. that's how we take certain that markets reward those who compete honestly and vigorously within the system, instead of those who are trying to game the system. so let me outline specifically what we're talking about. first, we're proposing new rules to protect consumers in a new consumer financial protection agency to enforce those rules. [applause] >> this crisis was not just a result of decisions made by the mightiest of financial firms, it was also decisions made by ordinary americans to open credit cards and take on mortgages. while there were many who took ou

including not only barney, but also senators chris dodd and richard shelby. and barney is already working with his counterpart, shelden bachus.. we intend to pass regulatory reform through congress. taken together, we're proposing the most ambitious overhaul of the financial regulatory system since the great depression. i want to emphasize these reforms are rooted in a simple principle. we ought to set clear rules of the road that promote transparency and accountability. that's how we'll make certain that markets foster responsibility, not recklessness. that's how we'll make certain that markets reward those who compete honestly and vigorously within the system instead of those who are trying to gain the system.. so let me outline specifically what we're talking about. first, we're proposing new rules to protect consumers and a new consumer financial protection agency to enforce those rules. [ applause ] >> this crisis was not just a result of decisions made by the mightiest of financial firms. it was also the result of decisions made by ordinary americans to

for business brief, i'm shelby leadership. >>> it'lynn. >>> it's a real life highway to heaven.up a unique one last request for a man in south carolina. >>> i'm joel d smith with the ravens cheerleaders, they're ready for opening weekend and so is the calendar. beautiful. >>> welcome back to fox 45 morning news. 6:30 is the time. i'm patrice harris. >>> the school year has started again and that means weather which had wednesday has also started again around here. steve is cheering about it because he has a buddy this morning. >> i do, beja is here for the first weather kid of the season. and you go to school where? >> beta bed. >> and in what grade. >> the 5th grade. >> and deja, come back this way, and let's show them, we got plenty of rain scattered about and you will be telling them all about that in a little bit. there's more on the way for later today and through the next couple of days. it's 70 degrees in baltimore. you got the giggles, don't you. >> 66 degrees in cockeysville and 67 in bel air. we will take a look at the forecast getting up to 74 degrees at noon. 72 at 6

. >> chairman dodd, ranking member shelby, thank you for this opportunity to testify on behalf of the securities and exchange commission. having read this report, it is clear no one can or should defend, excuse, or deflect responsibility for the s.e.c.'s handling of the madoff matter. simply stated, in this case we failed in our fundamental mission to protect investors, and we must continue vigorously to reform the way we operate. we have read the letters from investors. it is a sobering and humbling experience. i am here to commit to you we will carefully study the findings and that we will implement the changes to strengthen our examinations program. i am also here to personally pledge my unwaivering commitment toward revitalizing the reinforcement division and reestablishing the trust of the investors with whom we are entrusted to protect. i know my colleagues share this commitment. as you know, even before this investigation was done we began to institute reforms -- stream lining management, expanding training, restructuring proceses, leveraging the knowledge of third policies, el

john shelby.pent a lot of time with them. 0-1 delivery and that will be taken inside. 2-5 in the ballgame last night hitting at .237. tampa bay has picked up four runs in the first. >> jim: another breaking ball. so in you go. upton who has been struggling, still having the shoulder problem having the shoulder operated on the off season, but he hit a laser into the seats on a two-strike fastball down the left-field line and he will take that one down low for a ball. he strikes out a lot. he is ranked fifth in the american league with 144 strikeouts on the season. he has 57 asks coming in and will add one there. tampa bay does damage as they get four runs doing it on three hits. the big blow, pat buehrle's three rbi homer. 4-0 rays. so, what's the problem? these are hot. we're shipping 'em everywhere. but we can't predict our shipping costs. dallas. detroit. different rates. well with us, it's the same flat rate. same flat rate. boston. boise? same flat rate. alabama. alaska? with priority mail fla

bipartisan breakfast this morning -- 15 senators attended, listened to senator dodd, a democrat, senator shelby a republican, talk about financial regulatory reform. after the near collapse of the economy a year ago, we all know we need that. and we'd be best off doing it in a bipartisan way. but, again, rather than come up with 1,000 or 2,000-page bill on financial regulatory reform, maybe we could take a few steps in the right direction. bipartisanship helps, but it's not, as some might say, an opportunity to sing kumbaya. the senate is the place for differences of opinion, vigorously expressed. if we didn't have those, we wouldn't be here. the real value of bipartisan is a better bill. and a bill in which the people who elected us will have confidence. such bipartisanship is absolutely essential to any comprehensive bill, and even to a few steps. we had it on the energy bill of 2005 which got 74 votes. we had it on the america competes act, which got 70 cosponsors. we had it when we were dealing with supreme court nominees and on the controversial tarp vote we had bipartisan support with 74

i would like to make some brief opening comments and then i will turn to senator shelby for opening commentsmittee before the opening round. >> mr. chairman, is that who we have to be thankful to prove >> i don't know. asked bob corker -- ask bob corker about that. bernard madoff stole $50 billion, maybe more. he stole from individuals, pension funds, stole from charities, municipalities. he stole more than money. he stole retirement savings and the economic security of families and individuals, organizations, charities all across the united states. the agency charged with the responsibility of policing ham, the sec, did not stop him. i think there is no excuse for that failure by high demand from democrats and republicans, the victims of this fraud who hail all across the country who have testified before this committee, also demanded an explanation. how did this happen? what went on? who was on the beat? what was going on that allowed this colossal thievery to occur? today, we hold our third hearing on ponzi schemes in the second on the bernard madoff fraud in particular to find out how th

. >> senator dodd and senator shelby have basically just recently talked about really something that pick up as a republican alternative. it looks very similar. yes, we have talked about one regulator. now we would have separate charters within there. >> so the different forms of banking? >> yes. although they have said we are going to shut down the o.t.s., i think a thrift charter is not a pad thing, so i think that ought to be preserved. now you still have a choice between being a state or federal. but the regulators, it would be one single regulator, and they would establish single rule. >> should that regulator be the federal reserve as a lot of democrats have proposed? >> no. the federal reserve really should be in charge of monetary policy. now the federal reserve is not a safety and soundness. they are not a prudential regulator. in fact, they do have the very important task of monetary policy and a stable currency. and really, you shouldn't distract them by trying to make them in charge of either consumer protection, or for that matter, safety and sound nelson. but when this

served on the county commission with me in 1978 to 1980, but he served in the county commission in shelby county from 1973 until 1994. he and his fellow county commissioner, jesse turner sr. were known as the freedom fighters. jesse turner sr. was the national treasurer of the naacp. and dr. smith's wife was executive director of the naacp. they worked on all things in civil rights in memphis and stood up when others did not. and were always a voice of conscious and reasonableness and morality in my community. dr. smith was a great county commissioner. he worked with me and others to build the regional medical center, our general hospital in memphis that serves the people that needs health care. he was a dentist that served his community as a physician and he served in the air force and served our nation. he was a special man to me because he showed moral recollect tude of a type that's rarely seen. he knew justice beyond color and will be remembered in memphis as a great civil rights leader, a husband, a father, a professional and a great memphisian. he will be buried friday. i will be t

the clerk: murray, byrd, mikulski, byrd feinstein, johnson, lautenberg, specter, inouye, bond, shelby, bennett of utah, hutchson, brownback, alexander, voinovich and cochran. a senator: madam president? the presiding officer: the senator from vermont. mr. leahy: madam president, are we now on the nomination of judge lynch? the presiding officer: under the previous order, the senate will proceed to executive session to vote on the nomination of gerard e. lynch of new york to be the united states circuit judge for the second circuit. there are two minutes of debate equally divided. mr. leahy: madam president, it's constitution day 200 years ago today the constitutional convention finished its work and with this vote -- mr. leahy--can we have order. the presiding officer: the senate will be in order. mr. leahy: with this vote the senate will finally fulfill one of our most constitutional duties by granting consent to the president's nomination of a lifetime appointment to the federal judiciary. as the first circuit judge, the sean has yet to confirm a single judicial judge despite the nu