the s.e.c. ble of monitoring a 21st century financial system. new whistle blower allegations out of the s.e.c. and our specialists call to shut the doors and start over after this. [ groans ] you okay? i'm not looking forward to my flight. try this. bayer aspirin? i'm not having a heart attack. it's my back. no, this is new bayer advanced aspirin... clinically proven to relieve tough pain twice as fast as before. what, did you invent this or something? well, my team did. i'm dr. eric first, from bayer. wow. look. it has microparticles. it enters the bloodstream faster and rushes relief right to the site of pain. better? great! thanks. [ male announcer ] new bayer advanced aspirin. extra strength pain relief. twice as fast. test our fast relief. look out for your coupon in this sunday's papers. i could not make working and going to school work. it was not until the university of phoenix that i was able to work full-time, be a mom, and go to school. the opportunities that i had at the university of

and the s.e.c. is one aspect of that. the financial oversight council we're ascribing to bureaucrats sitting around a table that they can peer into the future and prick the bubbles before they happen because ultimately it is always one person's bubble is another person's livelihood. that was the problem with the housing crisis and the build-up there and the 2000's. and we have s.r.o.'s that really are no longer, and we have lost the s and that has changed things significantly. to the point we will be able to monitor things in real time. we have to say, is that the best way to monitor things. the sec has subpoena power. it has ability to, and it should be working closely with market participants to get this information should the government have that separately in other ways. we don't always do everything in the government relevant many. there is sometimes working in the private sector to make sure things are kept up to date and more importantly, the extra, which is hard to get and is costly, that the government can tack in

>> i think the pac 16, the pac -- the 16 and the big 10, and the s.e.c. will be 16. announcement is really kind of a nonannouncement, because the acc's a basketball conference. pittsburgh and syracuse are basketball schools. they're not football schools anymore. they used to be the football schools. and jimmy brown, if you're out there, i know you were a legend at syracuse, and the greatest football player i've ever seen, but they ain't what they used to be. >> you said not two, but three. it's going to come down to three. >> i think the west coast, what used to be the pac 10, the big 10, the s.e.c. everybody wants to be like the s.e.c., because the s.e.c. is junior nfl. >> all right. so, finally, tell me about this new website. fantasyfran.com. >> fantasyfran.com. it's not a porn site. >> i'm glad you said it! i'm like, fantasyfran.com. >> 40 million people play fantasy football, and i decided -- it is great. we're having more fun with it. it's just so much fun. it really is. fantasy -- fantasyfran.com. here we go. >> we should just end it there. >> just right. >> t

here's why-- he helped the s.e.c. decide if money should be taken back from madoff investors who withdrew more than they'd invested. but becker had received an inheritance from his mother that included madoff funds. becker may face charges with the justice department. media in 2011-- it's all about cutting out the middleman. harry lin explains. he's executive-in-residence at idea-lab, a technology incubator in pasadena, california. >> one of my favorite $10 words in the tech industry is "disintermediation." basically, it means cutting out the middleman. the internet is a massive driver of disintermediation, especially in media industries. lets talk about tv and books. back in the pre-youtube days, if you had creative talents suited for television, you'd, well, try to get a job in television. you'd pitch your project to a network or studio, or you'd go to auditions and try to land a role or an agent. today, though, there's the phenomenon of the youtube star, a self-made talent creating his or her own videos and directl

since the s.e.c. was established, it's collected money by user fees, charged for various transactions in order to cover the cost of its regulation. the primary fees are for sales of stock, registration of a new stock, mergers, tender offers. it also collects fees for penalty fines, for bad behavior that go into the treasuries general fund and amounts collected by the s.e.c. budget were diverted to other government programs. so in 2002, congress changed the treatment of the fees of the s.e.c. so they would only go to a special appropriations account solely for the s.e.c. the s.e.c. wouldn't directly have access to the fees. however, should they collect more than its appropriation. in the dodd-frank bill, congress again changed the treatment of the fees and required some of the fees to go to the general treasury and others to the reserve fund. as a result, lots of complaints with the s.e.c. they still don't have access to their funds. thus like the p.t.o., if congress chooses not to provide all the funds

. >>> s&p could be in the cross hairs of the s.e.c. securities and exchange commission is considering civil action against the firm for 2007 ratings of mortgage investments that turned out to be worthless. s&p consistently gave good bargains to the mortgage backed securities whose demise contributed to if not started the 2008 financial crisis. >>> supermarkets are bagging self-serve checkouts. chains nationwide are ditching the do it yourself option when study after study shows shoppers preferred human cashiers. cashiers last year went through checkout lanes down from 22% three years ago. those shoppers surveyed say they just like the human experience. >>> and the "jersey shore" is going to have to pay up. the new jersey governor chris christie has vetoed the subsidy the raeltd reality show had applied for. the request outraged lawmakers. the governor agrees that the show hurts the state's image. no worries, terrell, i know it's your favorite show. production will not be affected. >> thank you. i can actually go on with the morning now.

you could have a situation where the s.e.c. as we know it, the acc, the big ten, the big east, all these super -- all these conferences say, you know what, we're not going to play in the ncaa anymore. we're going to secede from the ncaa and create this big group of 64 teams in a football capacity and just negotiate directly outside of the umbrella of the ncaa. if that happens, where is the regulation? you don't know. it is such a wild west situation going on right now. and the ncaa says, well, we have to re-evaluate our -- >> this is going to trickle down to public high schools, high school football, all this stuff, i mean, and -- acu basketball. never mind seven on seven football. let's have a little bit of first union here. first, my father when i was a kid taught me geography using football and basketball conferences. that of course is out the window now when a school like st. louis university is in the atlantic 10 in basketball and marquette is in the big east. >> or texas in the big east. >> now a math issue. why does the b

the s.e.c. says he spent it on prostitutes. gambling debts. >> thousands. >> and luxury cars.ppened between 2006 and 2009. >> there's no excuse for ubs not having caught kobayashi in what he was doing. >> reporter: jessica aguirre, nbc bay area news. >> after we contacted ubs, the company reached a confidential settlement with at least one of kobayashi's clients. we requested an on camera interview with them. they gave us this statement which says -- >>> our chief meteorologist jeff ranieri is not with us tonight, but the very talented meteorologist rob mayeda is here. >> the weather is on cruise control, so i've got a easy job filling in for jeff tonight. we are watching the low clouds spilling into the bay. right now 65 degrees in san jose, a little chilly in oakland, 55 with a northwest wind at 9 miles per hour. we'll see more fog tomorrow morning, right now 57 degrees and a northwest wind at 14 miles per hour. inland, still upper 60s. today was the warmest day of the week. from here we'll see a stronger sea breeze and temperature also be cooling down, especially thursday a

>> well, what we're doing is we're pushing the s.e.c. another exemption so that people can follow the framework under the exemptions to raise capital in this capacity. >> but i'm saying does the exemption create no government regulation between the investors and the idea-makers? >> no. that's a really good point. it's actually re-regulation. what we're trying to do is not deregulate. trying to come up with a new set of standards and procedures that people canful or get capital flowing to entrepreneurs. >> what are some of the notable -- how? >> so, essentially what you can do under our framework is you can go out and crowd fund up to $1 million of equity from your social network, and individual investors, mainly credit investors will be capped with how much money they can raise in this platform. $10,000 we suggest and there would be disclosure requirements by all investors that they can lose their entire investments. >> you create a relatively small threshold into the amount of money. you can't raise $1 billion on the internet, raise $1

recent incarnation it was put in place in thirty five by the roosevelt administration to pay for the s.e.c. . and why sixty five and sixty's it was generating so much extra money so i can one tenth of one percent on every carrier or it was a flat rate whatever it was a small amount in every transaction it was curious so much extra money that l.b.j. just got a little bit off but anyway i agree i think that that would be a great thing. when when the deputy who was meeting in seattle. there was a sense i think among many people in the united states and around the world. the actions of the world trade organization were very unjust and the the international bankers and the you know imposed austerity and things like that and yet a few stars a few crazies maybe that's not quite the right way to describe it but you know the the people would dress themselves in black and hoods and started throwing firebombs and special windows became the story and i think the long term consequence of that really hurt the movement. what do you think the chances are of that sort of thing happening here and what's bei

unfortunately, the s.e.c., see that group? that's the one that missed bernie madoff, biggest scandal in the history of scandals. i'm less than confident that they'll be able to find anything even though there's a lot of people that make a lot of money. >> "daily telegraph" has this story, it's impossible to prove. are they trying to scare these traders into not doing it again that were on you and things have changed? because what's going to happen from this? you have so many different things to point to. why you might on friday decide to bail out on a lot of what you bought. >> absolutely no doubt -- it's got to be some sort of paper trail, got to be an e-mail coming from either the s&p or the administration saying, by the way, we're about to get downgraded or we're going to downgrade the u.s. debt and someone had to act on it. there are a lot of, you know, loose ends that need to be tied to actually make a case to, you know, nail somebody. >> all right. let's see what you think about this next story. so a woman flies from the

the s.e.c. facings criticism from the f.c.c. it's written the f.c.c.'s sat hite troubles became under fair to as -- lightsquared -- host: he added the company received no special favors from the f.c.c. cri criticalya mentioned the communicators program, here's just a portion of the lightsquared interview with the c.e.o. >> when i said we were building one close to the g.p.s. spectrum. as i said, the issues related to precision devices, we have announced the solution last week. and amazingly, it had half a dozen or so g.p.s. manufactures that wanted to work with us. host: that will air, the communicators program, a one-hour interview conducted by c-span and cri criticalya of the "washington post" who sat in as the guest reporter. 6:30 p.m. on c-span on saturday it re-airs on c-span 2 8:00 a.m. and 8:00 p.m. from "usa today," the supreme court open to potentially epic term that could roy debate. the justices have said -- in coming weeks, the justices will announce whether they will take on two major disputes over federal power, the most closely watched in

-- and then i went off to school to be a veterinarian, to the beloved texas a & m, on the way to the s.e.c. i might add. get ready. and i tell my friends organic chemistry made a pilot out of me. a little shift in my college life over to the vietnam war was still going on, and so i volunteered to serve in the united states air force and finish up school and headed to big spring, texas, for my pilot's training and spent the next 4, 4 1/2 years, flying around the world. and put all over the european, south america, middle eastern part of the world. live in saudi arabia in 1975 and seen that country start to make its transition from a very tribal bedouin indian life-style to asphalt roads. watching the saudis learn to drive was an interesting experience. during that period of time, that's where i want to wrap it up and get it back to you. i went through -- i went through a maturing process, and one of the great things about my life. i've been grow iing almost ever day. i went through a maturing process. i never left the united states and i got out of texas very few times as a boy growing up.

the securities and exchange commission is under review over allegations documents from early investigations into several major banks and convicted ponzi schemer bernard madoff were illegally destroyed. s.e.c. officials say the former policy that allowed staffers to discard documents has since been revised. >>> finally, say good-bye to brownies baked under a bulb. energy efficiency has sparked a modern makeover for the easy-bake oven. the old school 100-watt incondescent bulb has been replaced with a heating element like you'll find in a grown-up stove. >>> mariano rivera's pursuit of the major league saves record is put on hold. apparently it wasn't time to forgive and forget at last night's dodgers/diamondbacks game. your early morning sports headlines are straight ahead. >>> and our well-advertised taste of fall is moving into the eastern half of the country. your forecast is coming up. you're watching "early today." >>> good morning. if you are just waking up, this is "early today." in sports, the mlb playoffs are just starting to take form with the phillies clinching the first postseason berth. here's nbc's fred roggin with an early look at all your sports headlines. >>> good morning.

we hit the brick wall of reality that is the s.e.c. schedule on saturday. might go to a bowl, we'll see. >> beat ole miss. >> all right. >> lsu, alabama, and i can say this about the alabama team, their defense is -- >> oh, got a big one saturday in florida. >> their offensive coordinator, though. >> don't try to establish the run -- >> at some point, i would like to get to the current president who is also on the campaign trail. maybe later. >> is he catching football now? you know, he would be a much better offensive coordinator. if you had a first and one from the 1. >> it's like popping popcorn with the top up. >>> coming up, melinda gates will be here onset. also muhammad yunus and scott walker. up next, the political playbook and the morning papers. but first, a check on the forecast. todd? >>> good morning, guys. looking for a wet day, especially across chicago. the rain still with us after a very wet weekend across the area. we'll see some of these showers through western portions of ohio getting over toward weekend. heavy at times, be careful commu

the next item. we're con. -- we're done. item d, student delegates report, elvina fan and karissa tom. >> ok. so yesterday was our first s.e.c. meeting of the year and were able to see returning members and meet new s.a.c. representatives, and we also were able to finalize the s.a.c. calendar which you should all be getting right now. thank you. >> and also at our s.a.c. meeting yesterday we talked about having our retreat with the youth commission at city hall and it's going to be again on august 27 and also august 28 from 9:00 a.m. to 7:00 p.m. at city hall where we're going to review how to write resolutions, have diversity training and also have some public speaking courses. >> ok. thank you. fnished with reports. so item e, parent advisory council p.a.c. report. there will be no report tonight. they will start giving us a regular updated report starting at our next meeting. so item f, public comment on consent items. ms. plaque, linda plaque and mr. dennis kelly. >> mrs. plaque's item i don't think was on the consent calendar, it has to do with pars. i'm dennis cutty, president of the united educators of san francisco a

the securities and exchange commission is under review over allegations documents from early investigations into several major banks and convicted ponzi schemer bernard madoff were illegally destroyed. s.e.cofficials say the former policy that allowed staffers to discard documents in closed cases has since been revised. >>> finally, say good-bye to brownies baked under a bulb. energy efficiency has sparked a modern makeover for the easy-bake oven. the old school 100 watt incandescent bulb has been replaced with a heating element like you'll find in a grown-up oven. >>> mariano rivera's pursuit of the major league saves record is put on hold. apparently it wasn't time to forgive and forget at last night's dodgers/diamondbacks game. your "first look" at sports is straight ahead. [ female announcer ] investing for yourself isn't some optional pursuit. a privilege for the ultra-wealthy. it's a necessity. i find investments with e-trade's top 5 lists. quickly. easily. i use pre-defined screeners and insightful trading ideas to dig deeper. work smarter. not harder. i depend on myself the one person i do trust to take charge of my financial future. [ bell dinging ] >>> welcome back to "first loo

, i think, they will, especially after last night, missing a catch that most baseball players in the s.e.c. would've made. i'm serious. welcome to "morning joe," i'm joe scarborough, visibly anguished who stayed up until 11:17 last night to see without a doubt, and mike barnicle and i after we got past the funeral march music both agreed, barnicle was down in baltimore. last night, make no mistake of it, and barnicle agrees and he's been alive 120 years, and the 120 years of major league baseball last night was the greatest night of major league baseball for a regular season. it's never come down to this. but this morning, of course, we have to wake up, and it's thursday, september 29th. donny deutch is with us, and sam stein of the huffington post, and pat buchanan. i want to go to you first, willie, and then we'll go to sam. i doubt we'll be talking any news today. i'm joking, i'm joking! i want to get this out. first of all, i'm going to talk about how horrific it is. this really is as bad as -- last night and last month, as bad as any month in red sox nation. it's certainly as bad as 2

. >>> in sports, college football got back in the swing of things this weekend in the pac 10 s.e.c. nst lsu's defense most of the night and the 40-27 lsu victory has fans wondering if the poor display by the ducks will be a recurring theme over the next few weeks. the big 12, oklahoma charged out of the gate with an impressive 47-14 victory over tulsa. another game making headlines, a high scoring battle between baylor and tcu. 50-48 upset win for baylor in the final moments of saturday's game. >>> did china sell arms to libya during the final days of the gadhafi regime? we'll tell you about some documents that have surfaced in tripoli right after the break. stay with us. >>> now to globe t some intriguing documents that turned up in libya. they suggest that china may have sold arms to libya during the waning days of moammar gadhafi's rule despite a u.n. ban. ben weeder man is in tripoli. ben, you've seen the documents. what do they say? >> yes. here are the documents found by a reporter for the daily globe and mail of canada in the trash in tripoli. what it is is a trip report by a

the way, there's another interesting factor here. >> go ahead. >> rick perry is -- there are new s.e.c. les that prohibit a sitting governor from raising money from financial service employees. governor perry is the only person who that rule applies to. he'sed onlier governor. that actually could be a couple million dollars. >> we talk about the fund raiding that these candidates are conducting. what they are not talking about is the super pac money that is going to -- that we've already seen have a major impact. how much additional money do you think we'll see from these super pacs, governor? >> no one will ever know because of the reporting requirement. my guess is the superpacs in the coming election cycle will spend over a billion dollars. >> a billion? >> yep. i think what the security unleashed in citizens united is unholy, ungodly, and just incredible to think of. i mean, there are no bars now. there are no bars. you can give as much as you want and not be disclosed. so a lot of people who have got big stakes in the venture are going to weigh in heavily, and we'll never know about

. >> reporter: t.j, the game this weekend in terms of it being a real contest it's not like alabama is going to be playing real powerhouse and not playing another s.e.crival or someone from the pac-10 or pac-12 now. or someone in the midwest. what they are playing is playing kent state. the amazing thing about their opponent is kent state has been here to the university of alabama, some of their players got out here and basically used some of their elbow grease and helping to rebuild this community. a wonderful thing of just the human side of the sport. i mean, when all comes down to, it's all about people. i mean, as soon as the pigskin in the air and hitting on the field sure it's passionate but at the end of the day, i mean, we are all americans and we are all trying to help each other oun and a sense of brotherhood we are getting here at the game, this game here in tuscaloosa. >> great point there. that kid probably said it best. we want to get back to normalalsy. you can't get better than that. reynolds, good to see you. talk to you soon. >>> 20 minutes past the hour now. investors were bracing for bad news on this this morning's jobs report and

s.e.c., most of it in laguna honda hospital. -- sick, most of it in laguna honda hospital. supervisor elsbernd: a few things today. first, and look forward to the discussion on sharp park very much. among other things, and look forward to discussing the potential transfer to the recreation area and whether we will defer to their thoughts on off-leash dogs, and whether or not we are going to impose our thoughts on off-leash dog down there. i wonder if they might be a little more danger to those in danger of species than a golf ball. -- endangered species than a golf ball. this is the 74th anniversary at sterling grove. i look forward to the big anniversary next year. i have two in memoriams. margaret tissier passed away after a long illness. if we could adjourn the meeting in memory of her, i would appreciate it. on behalf of the whole board, san francisco lost a true san franciscan in don casper. he was emblematic of a great conditioner. -- commissioner. he put more work and time into his service, took great pride in his service. i heard from one of his law partners that as there were going to his office they found staff briefings for every civ

the next step is. you're waiting to be heard. if you get find guilty and they give you s.e.c. you'll be back on idu. some day, we'll talk about this and it will make sense to both of us. right now, it just doesn't fit all together. but that's okay. take care of yourself. >> you too, matias. man, i didn't know it was going to get that heated, man. didn't know it was going to get that heated. i almost went there. things are a little bit different with me now. i'm no longer on rtu as a result of my excessive behavior, if you wanna call it. i dropped the ball. i don't like it because i disappointed myself and i disappointed my supporters. i had a lot of people there in my corner, but because i somewhat relapsed, if that's what you wanna call it, they're kind of, like, just playing with me right now. and they have every right to because these people have given me something that no one has given me during the course of my incarceration, which would be a simple chance. >> coming up -- >> the atmosphere is really thick back there. the tension's really high. >> the news death row inmat

s.e.c. trafficked victims. how there are so few shelters for them. let's distinguish the types of victims we are talking about. we have the international victims who come into the united states smuggled in to the u.s. and they are transported around the united states for sexual favors. then we have people that are already in the united states, citizens, or people that are here legally, who are moved from city to city in the united states. so those are domestic trafficked victims. here's the big distinction, mr. speaker. generally speaking if a person is brought in to the u.s. as a trafficked sex victim, and she gets involved in prostitution and she's rescued by federal authorities, she's treated as a victim of crime. and there are someplaces to place that rescued victim. but the rules don't seem to be the same and aren't the same in some cases for domestic trafficked victims. for example, if a victim is taken from houston, texas, kidnapped, and taken to another state in the united states, and is forced into prostitution by some pimp, and law enforcement gets involved, and