commissioner somers, i want to focus on cftc. what was the conflict of interest that chairman ginsler caused to recuse himself five days after the filing of the bankruptcy? >> i'm not familiar with the specifics or what he was thinking when he decided to recuse himself. >> it was not a discussion among the commissioners? >> there was not a discussion. >> then there was a vote i assume that selected you to be the lead on mf global? >> the other three commissioners voted. >> no discussion why chairman ginsler was no longer going to act in that capacity? >> no, sir. >> prior to the bankruptcy of mf global, looking back it seems clear mf global was under financial distress. you can look at stock prices, the new york fed reaction. did the cftc take any action to enhance its surveillance or to encourage others to enhance its surveillance prior to the filing of bankruptcy? >> in the week leading up to the bankruptcy filing, we had people on the ground at mf global, our staff in chicago was there on the ground. but the numbers and what w

>> i will echo commissioner somers for the most part. my recollection of what happened is we also had people on the ground tying out, validating the reports against bank records and everything else, and we got through friday. into saturday we still had people on the ground. then we were told there was an accounting error as we referenced in my earlier testimony of last year of $900 million. so everybody was trying to put the company -- >> an accounting error of $900 -- >> i found that pretty staggering myself, $900 million, yeah. some people felt it was too big, it had to be an accounting error. others thought it was too big and it could not be an accounting are error. i was in the latter camp. >> did that send a lot of anxiety through your organization? >> it sent a lot of anxiety, but i think people felt fairly confident that there was no way that it wasn't an accounting error, and the company was going to be whole -- >> were the people wrong that felt that? >> dead wrong, sir. >> dead wrong? >> dead wrong. >> mr. giddens, you're the m

later they clarified only some been pulled for the somer under weather students violated n.c.a.a. rules. >> it is scary. >> officials declined to say violated, butbeen of the track team said bookit stems from vouchers, money the university athletes to cover the cost of textbooks. >> instead of just giving you aboutoks, they give you $750 toward the books. but they say any money that over was spent however wanted. a big oversight by the school. >> if you give student athletes it.y, they will spend >> if the money is being spent elsewhere, that is not within n.c.a.a. compliance. a spokesperson denies the book behinds are the issue us. is they are working aggressively? complete the investigation as and that allssible currently on the schedule will be played as planned. reporting. >> two penn state crimes at the university of maryland. noose was found at the computer building. and anti-semitic graffiti was an elevator in the biology and psychology building. this had students' concerns yesterday. everyone has the right to want, but thehey that it is hateful towards sad.ace or religion

. >> it has been a 45 day fight to get george somers and behind bars. --zimmerman behind the bars. >> you wanted in a rest. we got it and i thank you. >>george zimmerman is charged with second-degree murder. the special process -- the second prosecutor enough there is enough evidence for him to face a second degree murder charge. >> those of us and law enforcement are committed for justice with every person of any race any gender of any person. >> coming out of hiding to night he willingly surrender to offices. his new attorney said the suspect finds the decision to charge him troubling and is scared to say the least. >> he is concerned about getting a fair trial and a fair presentation. there has obviously been a lot of information flowing. i think a lot of it has been premature and maybe inappropriate. >> that will be the issue going forward. finding a pool of jurors that has kept the hyatt -- the entire country on the edge. >> this is just the beginning. we have a long way to go. we have faith. >> the attorney says he is expected to plead not guilty.

." >> all: we are somers girl scout troop 2971. >> and we are at the... >> all: blaze!sic playing] just three granules of lead dust can harm your child. if your home was built before 1978, >> if every halloween you carve the same old face on your jack-o'-lantern, listen up. carly's about to shed some light on a whole world of creative pumpkin-carving options for when october rolls around again. >> welcome to the great jack-o'-lantern blaze. it's held every fall at van cortlandt manor. this historic location is not far from where washington irving's legendary headless horseman chased ichabod crane. [ horse neighs ] >> aah! >> we are in the midst of "sleepy hollow" country. this is the home of the american heritage of halloween, and we've always had fantastic halloween events in this area, and this is probably one of the best. >> more than 4,000 pumpkins are used to create all sorts of clever and spooky scenes. for some displays, artificial pumpkins are needed, but most are real. we are in front of our jurassic park installation, where we have giant, life-size dinosaurs t

. >> in a little while we'll have larry somers up here, bob reuben will be here. one of the people who's coming up is the one that has the key job now, which is gene sperling. gene was profiled in the post the other day and looking at the jobs and infrastructure proposal that they put forward, and as i dug into it, it looked like a lot of those pieces were things that you and austan goolsbee had worked on, thought about sometime earlier. my question is do you think the president is three years too late with his jobs and infrastructure proposal? would you have sequenced some of what the obama administration put forward differently? would you have done more in jobs and infrastructure on the front end and less resuscitation? >> i would like to say if i was president of the united states i would have figured this all out and would have had a sophisticated program. we haven't got that kind of a problem. what we have is the backlash. it's like a tsunami hit us in the financial system. it did a lot of damage. we've now got to recover from that. the tsunami was debt. debt

. >> miss somers, in december 11th, the cftc finalized a rule prohibiting the investor customer funds in foreign sovereign debt scruts. if t securities. if the rule had been finalized before the collapse of mf global had not been overturned in 2005, does the cftc believe mf global would have avoided collapse? >> no, sir. >> okay. >> the investments under 1.25 are the permissible investments that the fcm can use to invest customer funds that are in segregation, but they cannot be used by the fcm themselves to invest it for the fcm's own gain. >> what is the likelihood of -- my understanding is you've identified where the money is. what is the likelihood of recovering it on behalf of all of those individuals whose money is abroad? >> with respect to the $700

again that the james this weekend of the closure along well drive in nevada that stalled vehicle in somers met in new yorkers that went to a double take today when i look up and they see the space shuttle but the this take a look at that. did we will do a few flies in the washington d.c. area and then it will have its way up the seacoast at the eastern seaboard up in new york or eventually will land and will become part of the space museum it's catching a red on the jumbo jet. in this standoff is happening across the pond in london and menacing in four people hostage and threatened to blow themselves up several streets in nearby office buildings have all been evacuated and and police say they were called to the scene just before 4:00 a.m. this morning to suspects has been seen throwing adams at of the floor window leap he reportedly has objects also strapped to his body that the minister identified as a gasoline canisters will keep you updated george zimmerman has a lot of supporters and apparently a big- of cash as well his attorney says zimmerman has now raised more than $200,000 that al

that likely means more sun somers. don't expect any light shows in the sky like the -- like we saw with the solar flare last month. the experts say those flares only trigger the so-called northern lights and southern lights when they head toward earth. this new one went a different way. well, the big party for government workers in las vegas may have cost us a lot more than $800,000. here's the organizer working hard in a hot tub. apparently we taxpayers sent him to a ritzy resort all over the world. and wait until you hear what we got his wife for her birthday. we're very generous. plus, this is not how we usually see a space shuttle coming back to earth. we'll tell you where this one is headed and when you will get another chance to see a landing like this. then there is the taliban fighter who tried to collect a reward for capturing himself. that's as we approach the bottom of the hour. and the top of the news on fox report. with the spark cash card from capital one, sven's home security gets the most rewards of any

thank you very much, somer. >> thank you. >>> some news from cuba we wanted to share with you today.e young stars of the much talked about cuban film una noche have gone missing and believed to have defected to the u.s. they were en route to the film's premiere at the tribeca film festival in new york and went missing while changing planes in miami. film itself concerns cubans wanting to flee the country. >>> on friday i received a call from alan gross seen there recently in prison with pat leahy visiting him serving 15-year sentence in a cuban prison. he's allowed one phone call a week and reap the out to me to explain his plight. the message when i asked him what he wants to convey, he said get me the hell out of here. his 90-year-old mother is dying from lung cancer. so far gross has not been granted a special request to visit her. that is him with his wife judy gross. coming up, the tale of corruption and murder that is tearing back the secrecy surrounding china's communist ruling party. stay with us. science initiativ. ...which helped students and teachers get better results in

from the facebook can page of david cheney, one of the supervisors involved, had somerally rough commentsments including his comment from his facebook page about sarah palin when he was guarding her during the 2008 campaign. >> that's absolutely right. if you look on his facebook page, you see that he comments that he was checking her out. and there's actually a picture of the two of them in which you can kind of see him in the background and then he has some back and forth banter with some friends about it. certainly something that the former governor herself said was offensive and she spoke about this on fox news just last night. >> i just wanted to play that tape. let's watch. >> this many agent who was kind of ridiculous there in posting pictures and comments about checking someone out, well check this out, bodyguard, you're fired. you know, a lot of people will just i guessoc. say that this boys being boys and boys will be boys but they shouldn't be in positions of authority. >> absolutely, positions of maximum authority. and what is the sense in the white house, kristin? you're cov

talk to your colleague, professor somers, as that as well as he was supposed to help fix this a couple years ago. in another area where maybe we need more markets, i wanted to get your opinion on is the area of unpaid student internships where college students, often children of wealthy people, but not always, they go to work for these companies for summer, and now more and more, they are going to work for companies even after they graduated for six months or a year and not being paid. >> guest: right. >> host: should people be working for free? is this corrosive to the idea that something that someone does as a career, or even just as a hand dignityman job or -- handyman job, this is work, it should be paid. is this a risk that we got away from this? >> guest: right, right. i have knot said a lot -- i have not said a lot about it, but it's an amp phenomena of the example we're discussing. i think the real danger, well, one objection might be the young people are exploited by the companies that are not paying them, but i think the bigger dangers, the one you hinted at the beginning of

this is video from overnight of snow falling in somer set, pennsylvania, looks like christmas time.re expecting 3 inches of snow. somerset is a 2-hour drive from punxsutawney where that ground hog told everyone to expect six more weeks of winter almost 12 weeks ago. >> that's dangerous on the trees. >> it is. it weighs them down just like we're going to have a late-season storm coming through here as we head through this week. and i'm going to show you where it's originated. that's the difference. it did not originate in the gulf of alaska. it's not going to be all that cold. skiers, snowboarders, i know you're hoping for one last hurrah, not going to do the trick. 68 in sunnyvale. nice and mild out there this morning. a spring afternoon shaping up. we'll see more clouds. an area of low pressure, seeing it originating in the eastern pacific. starts to get closer and closer to the bay area. for us, that's going to increase the cloud cover. in fact, we're talking about limited sunshine especially right at the coast today. rain arrives in the north bay as of tomorrow night. then we're