i see the next speaker in line and call you up and tim paulson from the san francisco labor council. [calling speaker names] >> okay. my name is san jose and jobs and justice. both my sons attended city college and i was on a board of education in action and i fell in love about city college and calling the important multirationale institution in san francisco. now i will read comments from charlotte hunt who couldn't be here and in the city college child development, a student, tenderloin resident and a mother. this is her message "because of the cost of living in san francisco i struggle to feed my family but can't get food stamps or support. this means that money spent on furthering my education is instead spent on food, housing et cetera. i attend child development class and funded by city college is great example of free education with child care that is much needed and i got eight other mothers to attend this class. expending -- expanding free education would allow for me and other moms to take classes that are not free currently and spend more money on food and child care whil

i see the next speaker in line and call you up and tim paulson from the san francisco labor council. [calling speaker names] >> okay. my name is san jose and jobs and justice. both my sons attended city college and i was on a board of education in action and i fell in love about city college and calling the important multirationale institution in san francisco. now i will read comments from charlotte hunt who couldn't be here and in the city college child development, a student, tenderloin resident and a mother. this is her message "because of the cost of living in san francisco i struggle to feed my family but can't get food stamps or support. this means that money spent on furthering my education is instead spent on food, housing et cetera. i attend child development class and funded by city college is great example of free education with child care that is much needed and i got eight other mothers to attend this class. expending -- expanding free education would allow for me and other moms to take classes that are not free currently and spend more money on food and child care whil

hank paulson, the former treasury secretary and tim geithner said repeatedly the fed could not bail outuse they couldn't take loss on the loans. they insisted lehman didn't have the collateral to pay back the fed's money. not so, says the paper. they say there's no evidence that the fed did a detailed examination. that the fed arguments on legal authority were "incorrect"incor they took more risks. they said, politics, not finances, doomed lehman. the paper says the fedex plan nations rested on flawed economic and legal reasonings and dubious factual claims. cnbc contacted paulson, bernanke, and geithner. he said, i quote, ben bernanke and i tried to work as a team and prevent a lehman failure. we could find no legal authority which would have been successful in saving lehman. he called it an insolvent investment bank in the midst of a run. on "squawk box" this morning, the fed governor during the crisis, he was in the room. he said ball has it all wrong. the global financial system, he said, was already tipping into chaos, even before lehman. >> i don't even believe lehman was lehman.

tim duncan made it official. he is retiring. duncan made the announcement on twitter. sal castaneda and steve paulsonto us about it moments after that. he played 19 seasons with the san antonio spurs and won five nba championships. the 40-year-old was the number one overall draft pick in 1997. the spurs are working on signing free agent pau gasol to a two-year deal worth more than 30 million to fill duncan's big shoes. >> he had a great career. >> sal and steve had the news first. >> sal, you were all over it. >> you know, twitter is really great for breaking news. and lots of times people will tweet something from their verified account. so it's like them saying it to you, right? >> exactly. >>> good morning, everybody. let's go out and see what we have now with the commute. westbound 24 as you drive past the lafayette bart station some stop-and-go traffic. 24 is not doing well. if you are driving into oakland, you will be in for much more of a delay than you had yesterday -- or yesterday. sorry. last week. if you are going to work yesterday, you didn't have any delays on 24. last week. this is a lo