off in the distance, we can see the sand bags and plastic tarps.ow you video what i am speaking about and you can see the holes of what it looked like earlier. this tarp that they put out there. this had the whole land slide about two years ago. in impact in seven different homes. two of them had the attack. it is unstable and it has been for some time. this park has been out there for some time that it will not saturate. this park. however, the only one half is covered with the-park. the residents are trying to stay optimistic. >> have not gotten quite nervous yet but nothing has quite. it is nothing quite happened but i am pretty short that it will be in the next couple of days. their rest and i am blessed that i'm able to stay in my home is my neighbors have not been able to stay in theirs. >> in the san paolo it only started up of the last couple of hours. you can see this plastic pipe. it goes along with that piep and tarp. so it does not a saturate that help. it is just getting ready to get saturated in the san paulo. reporting live, j. r. st

just hopesm victim roof tarps stay where they are. is where the main tree came down and just sheered that right off. >> superstorm sandy dropped a monday.his house he was at a friend's place. now he is living with that .riend gowe don't ever want to through this again. and nor'easter could slide past atlantic wednesday and , which could rip the tarp off of what is left of his home and waterlog a home. dominionched out to officials here in northern usginia and they assured full complement of cruise just in case things .et dicey appeal tonight for safety roads aftery county struckar-old girl was week whilelast walking to school. steven has the latest on this. >> local officials and family together for ae vigil and made an urgent call for safety and a later start time for school. >> french remember the fun loving teenager whose life ended in the midst of a routine walk to school. >> she was someone very close to me. >> are friends spoke of how they will miss cristina morris-ward. >> i don't want somebody else to their child or their love

that's what tarp was supposed to be about. >> rose: why do you think the were not listeningo that?tom line, th philosophy was just focus on the big banks. focus on the big banks, make sure we have plenty of money. and hank pretty much says this in his book and i think the philosophy with larry summers was the same. if you recall, there was an allotment of dell 700 billion. they couldn't draw it down because nancy pelosi other ands had told them they need a loan modification program. when congress approved tarp, they thought they wereppring troued aet relief, the program to get the loans off the books of the banks and restructured. they had to say they had some kind of foreclosure program to get the second $350 billion. i think what they were focused on was any program. they didn't really care. and they were told by a lot of people, including me, that the program they were look at, the financial incentives, were not going to work and they didn't work. but i think the philosophy was the mortgages, they're hard. it's difficult. it's messy. but it's easy to throw a lot of money at thes

after they originally didn't pass tarp and warren buffett gets on national television i can all call him inside those panic because he had just bought some so preferred shares in goldman sachs right and also fargo all that stuff so he's out there with charlie rose and he's talking about how they will agree as you know like hank paulson the swell guy there's no one i'd rather have you know leading the treasury department we should give pretty much a blank check to there's a quote unquote of the got now a blank check to a guy like hank paulson because he's got quote the nation's best interests at heart so this is a load of baloney and more muffet is he ask you this because warren buffett i think reportedly owns j.p. morgan shares and he said that at some point recently so do you think that he's trying to suck up to jamie dimon with a statement like this or do you think he wants jamie diamond out of the people you were. yeah when i when i was at morgan i don't know maybe you because your friends are you know that they're crazy he probably really he probably really admires him as a. as a

we put a tarp over the job trying to keep it as dry as possible. other than that we keep on rolling. >> reporter: stormy weather won't stop a daily walk for these two older dogs and their professional dog walker, they just have to bundle up. >> we walk dogs short of a natural disaster. so rain or shine as long as we're in our plastic we're happy campers. >> the questions here along miller avenue and for the rest of the area are how long will this storm last and how much rain will actually fall. john sasaki, ktvu news. >> and live storm tracker 2 is showing an increase in the rainfall across parts of the bay area. that trend will continue in the next couple of hours. you can see the live doppler sweep and reports of rainfall. san francisco, oakland, san mateo, palo alto and the fremont area. here we go significant rainfall. heavier down the creek. as far as the expectations with this system the second storm system moves through the night. a wind advisory and high surf advisory kicks in tomorrow. here is the forecast model it is speeding up the timin

. >> reporter: this san pablo hillside is covered with a plastic tarp. unfortunately, heavy rain is expected in less than 12 hours and that tarp is full of holes! >> i'm scared. i'm hoping the hill doesn't move again. it hasn't moved so far, but this is the first arrive rain. >> reporter: he has a house at the bottom of this hill. these sandbags are for his brother's home nearby. using sandbags here would be too little too late since the hill has already hit the back of the house. but he will be keeping an eye on wednesday's storm. >> i'll be back up here first thing in the morning to open up the house and everything, and looking in to see if there's any movement. >> reporter: last year when this hill slid, i was on the side of it looking down. tuesday i was on the bottom of it, and it's clear that not a whole heck of a lot has been done here. one house has been red-tagged, two yellow-tagged. drainage pipes make it appear that maybe the express rainwater will be drained. until the rain comes, it's unclear if that will happen! >> it's one of the things ab

. >> the tarp, i can pick up 20 of them if i went to home depot. but that was my father's tarp so that's important. >> this was a cookie cutter, a cookie press that i made the cookies at christmas time. >> you saved your cookie press. why a cookie press? >> i love cookies. >> you're husband did. >> he did. >> reporter: most of teresa's belongings are on the street. this grandmother of four said she put her faith in god and will just start over. >> a whole lifetime of memories gets pushed down into a little bag. >> yeah. that's okay i got something. >> reporter: in the wake of such a disaster people we met are focused on the little things. they say thinking about anything bigger is just too much to bear. seth doane, cbs news, staten island. >>> still such a long recovery ahead. coming up after your local news on cbs this morning more on the clean up after hurricane sandy and efforts to restore power to tens of thousands of people. plus more on those seven navy s.e.a.l.s under fire in connection to a recent video game. john miller has details. and co

tarp ended up making taxpayers money and the-- >> it's been a rigged system. >> 0% interest rates and >> charlie, interrupt. >> and let me finish. >> the taxpayers ended up making money on tarp and we didn't make even on the auto bailout and saved an industry. i think if there's a bailout a lot of steps the fha it take before there is a bailout. if you do have one, you have the structured-- >> julian, julian, real fast. >> let me finish the point. >> no, i'm going to ask you this fast you're clicking off the winners. how much did we make on fannie mae and freddie mac? >> and didn't use a lot of money for a lot of reasons and-- >> well, charles. >> not getting it right. >> real fast, let me finish the point. charlie if you want to do a simple google check see the business leaders last week that called for hire-- >> fair and balanced and if you don't believe us, go check google. do a google check. >> and we've got to thank charlie and dagen. >> don't tell charlie to google anythin. >> guys, up next, are you ready for thanksgiving seconds? not talking turkey, i'm talking about stocks. th

after the house voted down the tarp bailout, the s&p 500 fell more than 8%. darren gersh, nbr, washington. >> tom: for more on the fiscal cliff negotiations, susie spoke with a leading democrat a short while ago, senator kent conrad of north dakota. >> susie: senator can rad thank you for joining us. let me begin our conversation by asking you, what are the chances that we will get a fiscal cliff deal by the end of this year? wince think they're reasonably good. all the building blocks are in place. at this point really people just have to choose from the options that are available. and it's hugely consequence for the country if we fail. so i remain opposite sdns-- optimistic. >> we heard dramatic sound bites when do we start rung out of time and risk going over the cliff? how much time dow need to get an agreement? >> well, realistically, if an agreement were reached in the next several weeks there would be time to get all of the language put together to have it implemented. so there is still significant time to get this agreement reached. >> as you know hou

. >> that's true, but let's not forget what happened with tarp one and tarp two. if we spend eight weeks, through the entire holiday seasons, wrangling about going over the cliff, and moody's keeps on threatening, and we're going to have a recession, and if that's the kind of talk we hear, angry talk in the holiday season, i don't think the markets are going to enjoy that and there will be a selloff. >> tom: stew, let's talk about the markets because a couple of places you identified to watch that could benefit under the second term for president obama, medicaid, managed care, each up about 4%. is the market pricing in booming business with medicaid? >> there is an up side -- i think there probably is. we settled that obamacare will become the law of the land. that means something like 12 million additional costumers for medicaid insurers. you named two companies had had large exposures if that comes through. the only possible side is if they trimmed back medicaid spending as part of this big package that john boehner was talking about. over all, it is a sunny sit

of course he ended up using tarp for different reasons than he had stated at the time but if we with respect to the specific treasury decision by geithner to exempt foreign exchange swaps and forwards the proposal was actually put into place just in the air in april or may of two thousand and eleven and back then they gave a totally different reason somewhat specious saying that these products settle differently than other derivatives but when it comes to j.p. morgan we find out the real reason which is if you don't exempt this foreigners are going to buy our debt and you're going to have problems and not typically or we don't know about foreign exchange swaps if they're going to be exempt from the volcker rule right that that is correct now the volcker rule is a little bit different animal that has to do with the proprietary trading of banks but a very similar proposal is being made to exempt these same products in the volcker rule which means that if it actually happens that banks could trade in foreign exchange swaps and forwards and as will probably get to some other products yea

but that was my father's tarp.s important. >> this was the cookie cutter -- the cookie press that i made the cookies at christmastime. >> reporter: you saved a cookie press? why a cookie press? >> because i love cookies. >> reporter: your husband did? >> yes, he loved these special cookies that i made for him. >> reporter: most of teresa breen's belongings are on the street. this grandmother of four says she has put her faith in god and will just start over. a whole lifetime of memories kind of gets pushed down into a little bag. >> yeah. but that's okay. i've got something. >> reporter: in the wake of such a disaster, people we met are focused on the little things. they say thinking about anything bigger is just too much to bear. seth doane, cbs news, staten island. >>> and that's the "cbs evening news" for tonight. for all of us at cbs news all around the world, good night. >> your realtime captioner: linda marie macdonald >>> good evening, i'm allen martin. >> i'm dana king. taxpayers just handed california anot

. >> this tarp, i mean, it's a mass-produced item.probably pick up 20 of them right now if i went to home depot, but that was my father's tarp, so that was important. >> this was the cookie-- the cookie press they made the cookies at christmastime. >> reporter: wait, wait. you saved your cookie press. why a keek press? >> because he loved cookies. >> reporter: your husband did. >> yhe did. he loved these special cookies i made for him. >> reporter: most of the theresa breen's belongings are the street. this mother of four said she put her faith in god and will start over. all the memories get push into a bag. >> yes, but that's okay, i have something. >> reporter: in the wake of the disaster, people we met are focus on the little things. they say thinking about anything bigger is just too much to bear. seth doane, cbs news, staten island. . >> pelley: and that's the cbs evening news for tonight. for all of us at cbs news, all around the world, good night. captioning sponsored by cbs captioned by media access group at wgbh access.wgbh.

they are watching the forecast closely to figure out when to take that tarp off. >> the tarp does bring's why you need to get it off as soon as you can. >> stanford's ticket manager tells the san francisco chronicle the weather has hurt ticket sales. hep predicts a -- he predicts a crowd about 35 how long. that is 15,000 short. we have live coverage on our website ktvu.com. you can also watch tonight's 5:00 p.m. game right here ktvu channel 2. our coverage begins at 4:30 right after an early edition of ktvu news. >> whatever you do this morning grab an umbrella, give yourself plenty of time. the roads are messy but all the rain and tara santa cruz really getting hit hard. >> that is right. we've seen alex savidge getting pelted by the rain. and the traffic is just really miserable along highway 17. really getting the brunt of the storm right now. we also have more hot spots we want to mention. they keep popping up on the chp website. highway 84 westbound that will be closed due to a mud slide. we also have a couple trees down up in napa at highland boulevard blocking the roadway. just w

second, in the law that created the tarp fund, o.m.b. was required to report on a semiannual basis the estimated cost of tarp. the assumptions behind that estimate, and estimate how the costs have changed. the bill before us today would amend the law to allow o.m.b. to submit these reports annually rather than semiannually. this again lessens the burden on o.m.b., especially four years after tarp was enacted and when a large majority of those funds have been paid back. semiannual reports are simply no longer needed. finally, the bill before us includes a commonsense provision to sunset o.m.b.'s reporting requirement once all remaining troubled assets required under the tarp program are no longer owned or controlled by the federal goof. -- government. so i support this bill, i support this effort to lessen the burden on agencies that are already stretched extremely thin and are stretching every single dollar while ensuring that the public continues to have the valuable information the reports would provide, and information that these agen

, so-called bank bailout. 10% after tarp was first rejected and congress people, constituents who own stock, people who can afford to contribute to campaigns, we better do some compromising. that could happen again if we don't get a deal by year end. it comes down to the final weeks of the year when it's clear we don't have a deal, some will sell their stock economically might save a ton taxes versus the 2013 tax code. the jobless claims that come out at 8:30, right now they aren't going up much because they aren't seeing lots of firings and they aren't going down because business is frozen by the fiscal cliff. if you think about creating a business, if you sell it, you want a good capital gains rate. you might have to start firing in january. i think if we miss this deadline the market will get pounded every thursday as claims spike because of mandated layoff where reports are right that a million people will lose their jobs in 2013. also we failed to rise above. and when that happens, believe me, you'll want every bit of this mountain gear. you'll want this -- we got use this. this

new year's morning and i was on the roof after our celebration with tarps. i do not want to go through that again. you do not want to be on your roof at 2:00 a.m.. >> you certainly do not want to be on your roof whether it's in the years morning or any other morning. after san so i went and expected the entire downtown area to be filled with south sandbags. i did not see any in the downtown area. there's still plenty of sand bags available here in san rafael as well as castillo. a lot of people say until it starts to rain all lot of people do not fill up their bags. there could be a lot of bad feeling coming up tomorrow. >> people and one san paolo neighborhood are hoping for the best but bracing for the worst tonight. this is from the previous heavy storm there. because of flooding and damage a number of homes. >> those in this area are basically just hopeful at this point that it will not be as bad as a was almost two years ago and this location. just give you an idea how bad it was d.c. those two houses directly behind me? since that time is a landslide w

. >> reporter: it is covered with tarp and weighed down with sandbags. >> it's pretty wet right now already. >> reporter: he has a hard time sleeping when it rains before a big game. he's watching the weather forecast very carefully. >> we've been watching it hourly to see when the put the tarps down, when to cover it up and we're watching it for when we take it up tomorrow. >> reporter: tomorrow his eyes will be in the sky but he knows the field is equipped with a drainage system. >> we're mostly concerned with player safety and then that it looks good for tv. >> reporter: they'll be ready for when ucla takes on stanford and the winner goes to the rose bowl. >> it's the granddaddy of them all. it's a big deal tomorrow night. >> reporter: as the light fell on the campus, we found both ucla and stanford allum buying tickets. >> reporter: if you want to see it tickets are still available starting at $80 each. the game starts at 5:00 tomorrow night. live at stanford, maureen naylor. ktvu channel 2 news. >>> you can watch that game right here on ktvu. our coverage begins at 4:30 after an early

. >> reporter: it is covered with tarp and weighed down with sandbags. >> it's pretty wet right now already. >> reporter: he has a hard time sleeping when it rains before a big game. he's watching the weather forecast very carefully. >> we've been watching it hourly to see when the put the tarps down, when to cover it up and we're watching it for when we take it up tomorrow. >> reporter: tomorrow his eyes will be in the sky but he knows the field is equipped with a drainage system. >> we're mostly concerned with player safety and then that it looks good for tv. >> reporter: they'll be ready for when ucla takes on stanford and the winner goes to the rose bowl. >> it's the granddaddy of them all. it's a big deal tomorrow night. >> reporter: as the light fell on the campus, we found both ucla and stanford allum buying tickets. >> reporter: if you want to see it tickets are still available starting at $80 each. the game starts at 5:00 tomorrow night. live at stanford, maureen naylor. ktvu channel 2 news. >>> you can watch that game right here on ktvu. our coverage begins at 4:30 after an early

and they spread this tarp out on the grass and sleep unthe stars.counselors are former campers like donna. >> first is safety but for the kids have fun. make sure they are engaged and loving every minute of camp. >>reporter: molly loves camp so much she volunteered to wash dishes here for 4 weeks. >> it's just giving back to the camp and camp has given me so much. >> started coming in 1999 when i was 8 years old. >>reporter: she and her sister came to sibling camp because the middle sister emily had leukemia. >> i was 12 when she passed away. >>reporter: she had a has a tattoo as a tribute to emily. she now directs the program at the camp and says this place has changed her life. >> made me who i am today. i'm going into special education because of being around kids with cancer and growing up with that and just i can relate to kids like that. i feel in like i can make a difference. >>reporter: cheryl jennings, abc 7 news. >>> truly life changing someplace for entire families. the camp has a wish list for the holidays ranging from zip lock bagie to

. >> you have to go out and buy plywood and tarps. keep the receipts because you'll be reimbursed for that. he says in addition to keeping receipts, take pictures of the damage. don't make permanent repairs until you file a claim or talk to your insurance agent. homeowner policies all have hurricane deductibles. those deductibles are based on the percentage of insured value of the home, typically between 1% and 5%. >> there is going to be a lot of surprised homeowners when they find out their deductible is $5,000 $8,000 instead of $500 or $1,000. >> at this point, i hope it covers everything. >> he was told it could take up to three days before an agent could estimate the damage. he knows he can't live in his home for a while. he just wants to get back home. >> i would be happy to spend the rest of my life here. >> it is 4:42 now. >> let's check in with jackie once again. >> some of the cloudiness is associated with sandy as well as the moisture and a change in the weather pattern coming up. we're socked in with all of that cloudiness

someone that brings more experience, not only historical, but time as head of the oversight panel on tarp. someone with more current practical experience in the banking industry to serve on the senate banking committee. you will find someone, you will not find someone. melissa: she doesn't have any banking experience at all. she does know anything about banking. >> melissa, she was in charge of investigating the congressional, congressional tarp program. she knows the banking industry inside and out. she knows how they operate. she knows the systemic problems more than any singular person you can think of that is not worker for the bank. she acquitted herself quite well. melissa: no. i think she is a zealot. her opinion what is wrong with the banking system is terrifying. here are her own words. she is credit products are designed to trick people. they don't expect to be carrying around a loaded weapon in their pocket that may fire and shoot them at any point. i don't think of my credit card as a bazooka in my pocket that could blow me up at any moment. these are credit products that peop

. >> you said you couldn't go to your therapy appointments because the tarps came when you were sleepingsame too early. what part of your smoking marijuana played into that. >> i don't smoke in the morningtime. >> when do you smoking? >> tell you the truth, probably around in the afternoon. >> how did your running away from home in july until mid-august prevent you from meeting with your tarps. >> i didn't run away. >> so your mom knew where you were at. >> no, she didn't know where i was at. >> so you were a runaway. >> her boyfriend see me. my sisters see me. i would come home. i would spend the night down tears. she wouldn't even know it. >> you're telling me people in your house knew you were sleeping in that house at night when there was a runaway report out for you? >> is that what you're telling me? >> yeah. >> and they didn't tell your mother you were in the house? >> they told her but she ain't. >> thank you. no further questions. >> mr. ruck, anything else. >> all i would say, judge, is that being locked up, sitting here does something. i believe it has for morris. i would sugg