and did jim stearns assist in that release? >> i wrote this with my lawyer and then they -- i think they check everything and they were agree. >> jim stearns was agreed? >> i was not present. >> objection, relevance. >> ok. >> sustained. >> the relevance was going to become clear in just a moment. i have to lay a foundation to get there. >> well, what -- >> ok. did mr. stearns work on your husband's campaign for sheriff? >> yes. >> and was he involved in getting this release out to the press? >> i think he was trying to help ross that i made this with my attorney. >> ok. >> sounds like there's no personal knowledge. i'll move to strike the answer. >> i think her lack of personal knowledge is apparent. >> ok. was linnette peralta haynes involved in getting the statement out to the press? >> i think you have my phone records but after this day we didn't talk too much again and actually, i don't have any other -- i don't have any contact with her because she was in a high risk pregnancy and all this was so stressful for her. >>o t

stearns says: i think there obviously is a sense of favoritism here and tried to cater to their contributors i think ultimately if we find there is a case of untruthfulness, we will refer to the justice department.rep degette says: chairman stearns has been on a witchhunt for months over this. it's unfortunate when a loan like this goes south, because the taxpayers do lose a lot of money. but that doesn't mean you get rid of the whole program. the white house said this report produced quote zero evidence of political favoritism and that president obama still believes it was the right decision to invest in clean energies technology. in washington, james rosen, fox news 3 l-o-l about to die. l-o-l about to 3 l-o-l about to die. how texting and driving trumped common sense for this guy. the cat version of rescue 9-1-1. how this feline narrowly escaped using all of her nine lives. 3 a... group of armed,... masked suspects ... try... to rob... a california jewelry store.../ only... to find... they... messee... with the wrong... store owner! it's... caught on tape. tape. thursday, ... the... group

>> i wasn't party to the discussions about bear stearns. i, my hunch is-- . >> rose: what they did in bear stearns is they backed up and guaranteed a purchase by jpmorgan so whatever the decision was in the short run had it long rubin sen difficult effects that we're still dealing with, and i think are going to be problematic. >> rose: meaning the next time there is a crisis people will expect the fed to bail out the banks. >> people will expect to us intervene. >> rose: but it didn't in lehman brothers. >> so that was an interesting case. after leeman brothers everything is different. i mean at that point, it is a watershed, right. >> rose: a marker. >> at that point five different financial institutions had failed in 2008. and the government had handled them four dferent ways. you had bear, you had endie mack, fannie and freddie and lehman and aig, you had six five difern different ways, different parts got support, different parts didn't. it was varies across institutions so there was-- the key was ambiguity. just a lack of clarity. fina

morgan bought bear stearns the night they bought them the j.p. had to guarantee all of bear stearns swap lines regardless of whether the deal went ahead or not so the regulators j.p. morgan people knew how important these credit derivative and lines were and yet here we are four and a half years later and it's still not on an exchange every six months to europe pops up you know last year the big concern was what's happening to morgan stanley's credit derivatives there swaps you know spreads were exploding you've had all this situation in europe where every time they're trying to fix a country greece was a prime example they get very nervous about the outstanding amount of credit derivatives on greece what impact will it have where will it be buried and so these are real problems they tend to intensify in times of market crisis and actually make it worse and because a lot of people aren't that familiar with the credit derivatives. it creates even more fear i think if you know as a person is familiar with that i can look through some of the headlin

lou: well with the idea you have knocked off cliff stearns, what does that say in your judgment?erpret your win and prospects for us, real quick, if you would? >> i think what that says, the message that resounded on the campaign trail, our message was, we had enough. and you know, the people that we talked to on a daily basis for the last three or four years, they kept saying career politicians are the ones led it here and failed to prevent it and neither was acceptable. we realized only way you will change washington is changing type of people that are up there. i plan to be that type. lou: well, and that is a noble aspiration. and i think your constituents, you're offering that as a pledge. let me ask you how important sarah palin's endorsement is to you and what kind of support you feel you have going into this, into the general election? >> i think governor palin's endorsement, number one, we're super excited about it. i think it is going to be real important. bring as certain base to our campaign. she changed the face of politics, showing that the soccer mom, can become a g

lou: the idea that you had knocked off cliffs stearns, what does that say in your judgment?nterpreter when and your prospects for us if you would? >> well, i think what that says, the messes that resounded on the campaign trail. our message was we had enough. you know, the people that we talked to on a daily basis for the last three or four years kept saying, the career politicians are the ones that led this year. they failed to prevent its command and neither was susceptible. we realize the only way you will change washington is by changing the type of people that are out there, and i plan to be that tight. lou: that is a noble aspiration, and i think your constituents, you are offering that as a pledge. let me ask you how important sarah palin endorsement is to you and what kind of support you feel that you have going into this general election. >> super excited about it. it is going to be very important and brings a certain base to our campaign. see change the face of politics. the soccer mom can become a government that can become a vice presidential nominee. it is time

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interest-free for 3 event it's your last chance to get 3 years interest-free financing on beautyrest black, stearnst, even tempur-pedic. plus, get free delivery and sleep train's 100-day low price guarantee. but hurry, sleep train's interest-free for 3 event ends sunday! superior service, best selection, lowest price, guaranteed! ♪ sleep train ♪ your ticket to a better night's sleep ♪ >>> now it's your chance to talk back on one of the big stories of the day. the question this morning, should harry reid put up or shut up? it's war. mitt romney's fighting mad over senator harry reid's tax bomb about why romney hasn't released more tax returns. >> the word's out that he hasn't paid taxes, let him prove he has because he hasn't. >> reid says he was told this by a former bain capital investor. basically reid lobbed an unsubstantiated bomb and it's blowing up big time. >> it's time for harry to put up or shut up. harry's going to have to describe who it is he spoke with because, of course, that's totally and completely wrong. >> in fact, romney suggested that reid's super secret source was not from bain

stearns? >> thank you very much. i'd like -- >> recognize yourself, please. >> oh, this is christopher stearns from virginia. i would like to make a recommendation to the gentleman from alaska that we take a look at this and see how we can incorporate this, because i think this is all great stuff that certainly belongs in the opening paragraphs of this portion of the platform, um, i just think we -- it might be a better idea to craft it so it's more amicable to the document itself in terms of readability and so forth. yield back. >> any other comment? >> madam -- >> mr. dee? >> thank you. brad dee utah. i think, with all due respect, i think we're finally getting to a point where we're looking at the unintended consequences of some of the things we do on a platform committee. and after reading this, and i've read several that deal with these, with these -- we are as a platform committee recommending to the full body of the delegates that we approve a new government organization to monitor what we do in the states. an

stearns is known for leading republican efforts to investigate planned parenthood in congress over the past year. he is refusing to concede the race. in connecticut, former world wrestling and attend an executive linda mcmahon defeated the more moderate congressmember christopher shays for the republican nomination in the primary to replace outgoing senator joe lieberman. she will square off against a credit congressmember chris murphy. on the campaign trail, president obama and republican challenger mitt romney traded barbs over energy policy on tuesday during separate appearances. speaking during a second consecutive day of campaigning in iowa, president obama said romney has failed to support renewable power sources such as wind. >> he said that new sources of energy like wind are imaginary. his running mate calls them [unintelligible] during a speech a few months ago, governor brown even explained his energy policy this way -- you cannot drive a car with a windmill on in it. that is what is said about wind power. if he has't know actually tried that. i know he has had other things

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interest-free for 3 event it's your last chance to get 3 years interest-free financing on beautyrest black, stearnsster, serta icomfort, even tempur-pedic. plus, get free delivery and sleep train's 100-day low price guarantee. but hurry, sleep train's interest-free for 3 event ends sunday! superior service, best selection, lowest price, guaranteed! ♪ sleep train ♪ your ticket to a better night's sleep ♪ >> sean: it is is a project that would create thousands of jobs and generate much needed revenue you in towns that stretch in alberta canada down to the oil refineries in texas but dreams of work and prosperity remain just that because the keystone pipeline remains saled by the president and staunch environmentalists. we traveled to nebraska to investigate. >> we can't afford to just wait for congress. where congress won't act, i will. >> sean: there is one issue where president obama does want to wait and that is the proposed 1,700-mile keystone pipeline. that would be a stretch from alberta can caucuses d. a. to refineries in texas and opponents say time is up. >> i will make sure that we build th

interest-free for 3 event it's your last chance to get 3 years interest-free financing on beautyrest black, stearns foster, serta icomfort, even tempur-pedic. plus, get free delivery and sleep train's 100-day low price guarantee. but hurry, sleep train's interest-free for 3 event ends sunday! superior service, best selection, lowest price, guaranteed! ♪ sleep train ♪ your ticket to a better night's sleep ♪ >> bill: fact for follow up segment tonight if you rape a child under 13 the mandatory prison term is 10 years in new jersey and can be out for 8 and a half for good behavior. i think that's far too less. there is a proposed new law that would make that happen. new jersey has been slow in passing that. with us is state senator joe sweeney who has been accused of delaying the new law. i'm glad you came in here. i want you to set the record straight if we have been unfair to you. the fact of the matter is that 2005 florida passed jessica's law because of jessica lunsford that poor 10-year-old little girl. it's now 12. 7 years 43 states have jessica's law but you guys don't. >> i wasn't the leader w

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bear stearns and lehman because we're not talng toxic assets here. knight trades in and out of billions of shares every day. and it's plain vanilla. it's not the toxic stuff you have to worry about what the fact and say oh, my gosh could this stuff blow up. no, if they have addressed this technical issue, which i'm sure if t.j. says they have, then this is a positive going forward. >> steve grasso the system may have worked in this case but that doesn't mean it's any easier to take or accept as an investor these days. >> i think the rest of the panel has touched on the 50,000 feet up issues. i think bringing it back home to a trading event. i think when you say that's the crux of all this, you have to protect yourself. a lot of us have that buy and hold approach. i think we're going to be okay here but a lot of these events are tradeable events. i'm not saying that you want to exacerbate the issue and run up something in light of somebody else's wrongdoing. when you're a home trader there's no secure investment. you have to trade it with limits. that

stearns will be answering your questions at maryland science center from 1 to 4 later on today. >>> time for a check of the forecast. no better way to wrap up a weekend a bit early lynette. >> i know. >> with severe weather. >> yes. the severe weather did come but we can need the rain but not the thunderstorms and gusty winds that came with it. look what the's going on around the nation. a clear indication of high pressure building in across the upper tier of the states here. we have unsettled weather toward the west and unsettled weather close to home here. we are still dealing with a few showers trying to move across the bay. this will linger heading through the morning and that cold front has not cleared the area and won't be until later tonight and then we will feel a little less humid heading into tomorrow. right now, though, temperatures at 72 in west friendship. millersville at 75. rock hall close to 806789 more in goldsboro. 76 in galena and good morning northeast you are at 74. charley. >>> well, it's fair to say michael phelps had a good run in the pool and now the golden olymp

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it's your last chance to get 3 years interest-free financing on beautyrest black, stearns & foster, sertaedic. plus, get free delivery and sleep train's 100-day low price guarantee. but hurry, sleep train's interest-free for 3 event ends sunday! superior service, best selection, lowest price, guaranteed! ♪ sleep train ♪ your ticket to a better night's sleep ♪ >> well, so much for a gas pullback. this is more of a jump in the last decade. and canada selling oil to china who wants it. and ben, what do you make of this? >> what do i make of the keystone pipeline veto. that's recollection, pandering to the most extreme environmental wing of the democratic party. of that being said, they will eventually build keystone, and a slightly different ruling, but whether or not that amount of oil will be enough to change the price of oil, it's dubious, i don't know that it's worked out the algorithm for that. and i don't know if it will change the price of oil. >> and i don't know if that will be a giant step in the right direction. we have to have $4 gasoline before they see the light? >> we don't wa

stearns. >> [inaudible] >> okay. this is page four, line 17. after ballots. is it after the word balance? >> it would fall underneath with the additional amendment was added. it would fall in that same paragraph at -- in, in the adopted version. think it is immediately after the like which of the a minute that we just adopted. so we will go -- is that the end of that section? >> it appeared to be after line 17. and it could easily fall anywhere in that section, as a separate topic, only to assure that the vote by mail states -- >> okay, let me just take page four, line 17. it is now on your screen. this is after the new language that which is adopted about electronic delivery of ballots were allowed by state law, which will be i believe at the end of line 17. so this is new language being offered. that leverages highlighted on the screen spent i would suggest it would fit better after line 13, because it really does not reflect necessarily the military ballot, but all ballots cast by -- >> you've drawn it up to me after line 17. that's your amendment. i may,

it's your last chance to get 3 years interest-free financing on beautyrest black, stearns & foster, sertan tempur-pedic. plus, get free delivery and sleep train's 100-day low price guarantee. but hurry, sleep train's interest-free for 3 event ends sunday! superior service, best selection, lowest price, guaranteed! ♪ sleep train ♪ your ticket to a better night's sleep ♪ bill: so old macdonald had a farm and apparently a tractor and a score to settle. a former in vermont taking revenge on the local sheriff's department. he flattened six of the vehicles with his tractor. the man at the wheel apparently upset over recent arrest for marijuana possession? he took off down the street where deputies were unable to chase him because, after all, their vehicles were destroyed. city police officer arresting him a short time later. wow. patti ann: the midwest is dealing with its worst drought in 50 years. as crops suffer your bottom line suffers when food prices soar specifically because of the impact on corn. there is something some lawmakers say the government can do to help. mike tobin live in brad

he'd already put in 15 years at big banks, including bear stearns. >> it's a very addicting thing to be able to sort of set your own schedule sometimes when you want to, sort of pick and choose when you want to work on deals, and when you don't want to work on deals. >> reporter: but the big question, how is the pay? accordian says if consultants choose to take on a steady stream of projects, it's comparable to big bank salaries. but before you quit your job, it looks like there are plenty of people who'd like a better work- life balance. accordian says they've got about 3,000 resumes. how many will they hire this year? at most, about 20 people.op >> i think there's something very inviting i think about coming into a space that's in soho, not in midtown, where people aren't always in suits and ties, but are working just as hard. there's an ease of it that makes it comfortable. >> reporter: maybe it does come down to a different neighborhood and a different tune that's got the flexibility of an accordian. ruben ramirez, nbr, new york >> tom: tomorrow on nbr, was the federal reserve th

course helped drive us into the financial crisis you know banks like goldman sachs merrill lynch bear stearns and they brought that wall street ideology with them and even those who didn't be didn't come from those banks had so surrounded themselves with these individuals that they started to adopt this this way of thinking and i heard it over and over again whenever i would push for important protection i would hear that we didn't need to worry about it that i was sort of out of my mind because we could just trust the banks not to risk their reputations by gauging in interest that conduct i mean it was as if they had ignored all the lead up to the financial crisis but that mindset is very much there and it's still alive and well today and it's one of the problems of our regulatory structure is that as a result you have these interest that are looking out not for the people they're supposed to be serving the taxpayer but against serving the interests of these large banks and speaking of not changing their thinking and ignore financial crisis that just happened you paint a really interesting s

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morgan headquarters and the roof of the old bear stearns building in spite of j.p. morgan chase's well publicized loss of more than five billion dollars just fourteen percent of americans polled correctly identified c.e.o. jamie dimon as a new york banker sixty six percent said they don't know who he is wild four percent believe he's a daredevil motorcycle. for those likes us i mean a lot of people ask me geno you attack jamie diamond so. aren't you afraid that his goons are going to attack you and the answer is no because sixty six percent of americans have never heard of jamie diamond and ninety percent only have a vague idea of who jamie dimon is if in fact sixty six percent of americans do explicitly who jamie diamond was in the crimes that he committed a daily basis to disenfranchise ninety eight percent of all americans then yeah you could say well having made that happen i might be a risk of being beat up by jamie's good but as long as america engages in cognitive dissonance and as long as it pertains as a magical thinking is going to somehow save them from t

reason they do it is to protect their massive silver short position that they inherited from bear stearns as part of that corrupt deal that was done during the two thousand and eight collapse the silver vigilantes like eric sprott and others are buying physical silver in the market to destroy j.p. morgan's ability to continue this game much longer and once the price of silver overcomes or ability to manipulate it j.p. morgan crashes balance sheet is technically worth zero and that stocks going to go the way of enron fraud flow f f fraud flow is the collateral backing j.p. morgan's belge if you take away the fraud again stock goes the way of enron same thing with goldman sachs same thing with warren buffett's pet bank walk over which is that heavy into fraudulent sub prime lending again again where is warren speaking out on this oh he's there and see him b.c. you know having a five thousand dollar amberger and here's another story we've been way. ahead of wall street's kangaroo court gets a black eye this is based on bloomberg investigation into finra the financial industry regulatory auth