one united and a bank in texas.nd aside from your grandfather who was a member of the board, a gentleman by the name of leander foaley iii was also a member of the board and their correspondence back and forth with mr. foley. and so i -- you know, i have to tell you that part of mr. martin's report is troubling to me. and i think, you know, that you might be better served by letting all that stuff be fleshed out. because -- go ahead. >> may i respond? >> yeah. sure. >> so let me respond directly to the two points that you raised. wait. >> ok. sorry. >> the first point is one of the things that i've talked about consistently and i provided information to the committee was -- is that beginning on september 7, not only the n.b.a. but the icba and the american bankers association all were talking about this specific sheriff. this was an ongoing issue where the american bankers association, in addition to what the n.b.a. survey said that 27% of all banks in the country had fan i-freddie stock -- fannie-fredi stock and wo

moore were an effort to assist one united and not the greater class of affected banks. while we determined these two e-mails were official acts taken by mr. moore to specifically assist one united, we were not able to determine by a clear and convincing standard from the record if these e-mails were sent before or after representative waters relayed her conversation with the chairman of the financial services committee to mr. moore. it is abundantly clear that representative waters told mr. moore he should not specifically assist one united. representative waters publicly stated, and i quote, "i told my chief of staff that i informed the chairman of the financial services committee about one united bank's interest that we were only concerned about small and minority banks broadly that the chairman of the financial services committee would evaluate one united's issue and make a decision about how to proceed." as her chief of staff, mr. moore's representative waters' most trusted and senior staff member. as such, she should be able to rely on him to follow her instructions

that you knew he was a board member of 1 united bank at the time of these discussions and communications going on related to one united's difficulties. >> i guess i would just say, again, i'm not denying that point, but what was asked? what was done? and who did he say he was working on behalf? he was a board member, without question, according to emails and testimony, but he also testified he was not working on behalf those entities when he was communicating in that way according to what i read. >> i am advised by a committee of outside counsel that mr. foley actually put that back in writing to you in july 2008. at the time, you had been advised by congressman waters to stay out of this matter. subsequently you were advised to stay out because she had a conflict, in her mind, and in her testimony before the committee staff. that conflict was her husband's ownership of stock in one united bank. yet, the subsequent communications with mr. foley would seem to indicate that, notwithstanding those instructions and your comments that you thought it was for only one day, you subsequently had

banks in the last month and attempted to rob a third. these are photographs from surveillance video of him from the united states bank on lincoln avenue.united states bank in sunnyvale. in both cases the man entered the bank, demanded money and then left running the stolen cash. >> employees a company specializes in security for mobile devices have found a flaw that could let some ride muni for free. they have found a way to undermine the limited use paper fare card and restore values without paying. the men found problem was transit systems in san francisco, new york and new jersey and then told the transit agencies. if. > new, sal live in oakland with the new rules of the road when it comes to driverless cars. >> reporter: imagine a rush hour without traffic or a car that could drive you home, it could be driving me around now as i do this report. that's -- the idea one step closer to reality today. perhaps the -- the governor arrived today in aself driven car. he then went inside and signed a law clearing the way for driverless cars to hit the road. >> another step forward. in this long march in california pioneering the future and leadin

are all -- most of the plans here are government trying to help their own banks, including banks in the united states. not worrying enough about what's affecting the people on the ground. but the reality is the united states has skin in this game. a fifth of our export economy is dependent on europe and our exports have recently dropped by 11% because of the trouble in europe. so like it or not, and no matter how we got in this mess, we've got to help solve it. >> jonathan, i made the point earlier that -- >> we're all in this together. that's the dot, dot, dot of what sally was saying. we're all in it together. we got to bail people out, otherwise reality might issue god forbid, assert itself. it always does. all these bailouts have failed. talk about another bailout for greece, greece has already been bailed out two times in the last two years! we have ongoing bailouts to tracy's point, of freddie and fannie, gm, the taxpayers have lost billions. it creates the moral hazard that we talked about, going back to 2007 when this began under the prior to the president. it needs to stop and people

. >>> es todo por ahora desde el bank united center donde todo esta listo ya para el encuentro con mittcro de sismo. hay nuevos detalles sobre el arresto en venezuela del narcotraficante mÁs buscado de colombia y actriz de la pelÍcula inocencia musulmana presenta demanda contra el productor. .... ♪. >>> el número de víctimas mortales por la explosión en la fábrica de pemex aumentó a 28, causando también heridas a 46 trabajadores >>> seguimos en méxico, donde hoy se llevó a cabo un enorme simulacro de sismo para recordar el terremoto de magnitud 8,1 jaime garcía con la información. >>> el sonido de la alarma sísmica que notifica un terremoto en méxico provocó la evacuación de uno de los edificios más altos de la capital, así como 17 mil otros inmuebles. >>> qué bueno que lo hagan porque uno está más prevenido. >>> como si fuera un hecho real, casi 17 millones de habitantes participaron y los puestos para la atención de heridos estaban listos. >>> no tenemos que perder de vista que estamos en un lugar que tiembla. >>> esto fue para conmemorar el 27 aniversario del gran terremoto de 1985 e

. >>> es todo por ahora desde el bank united center donde todo esta listo ya para el encuentro con mittmulacro de sismo. hay nuevos detalles sobre el arresto en venezuela del narcotraficante mÁs buscado de colombia y actriz de la pelÍcula inocencia musulmana presenta demanda contra el productor. el nÚmero de vÍctimas morattale por la sxrogsz de pemex aumentÓ a 27. la explosiÓn y posterior incendio profr carne heridas a 46 trabajadores esta empresa dijo que investiga las causas. seguimos en mÉxico, donde hoy se llevÓ acabo un enorme simulacro de sismo para recordar el terremoto que sacudiÓ el centro del paÍs un dia como hoy hace 27 aÑos, jaime garcÍa desde mexicanos dice algunas actividades que se realizaron. el sonido de la alarma con 60 segundos de anticipaciÓn notifica el el sismo provocÓ la evacuaciÓn de edificio mÁs alto de la capital, en un simulacro del terremoto segÚn el. >>> quÉ bueno que lo hagan la verdad porque uno esta prevenido y menos asustado. >>> cÓmo si fuera un hecho real, casi 7 millones de habitantes participaron y aunque hoy las heridas eran sim mrad los puestos par

and a united states bank. all of this with in a block or two of this area. the protesters at last word had -- had dispersed. they are no longer marching as a group. police were closing in and were preparing to make arrests, so they appear to be on the wind if you will. the police are -- certainly concerned they could mobile eyes again so they will watch out tonight and through the weekend because this officer involved shooting, a nonfatal shooting of a gang suspect, has obviously struck a nerve here in the neighborhood. there have been no injuries but for a -- female police officer who was struck in the head by a bottle, a ambulance was called but as it turns out she was treated here at the scene and so it appears she will be okay. we are like . >> police are warning the public tonight about an attempted kidnapping outside an elementary school. it happened this afternoon near park side elementary. the man is a white man in his 20s or 30s about 6 feet tall tall. the 9-year-old girl was able to escape. police are searching for the man. >> a new law will make i

and a united states bank. all of this with in a block or two of this area.now the protesters at last word had -- had dispersed. they are no longer marching as a group. police were closing in and were preparing to make arrests, so they appear to be on the wind if you will. the police are -- certainly concerned they could mobile eyes again so they will watch out tonight and through the weekend because this officer involved shooting, a nonfatal shooting of a gang suspect, has obviously struck a nerve here in the neighborhood. there have been no injuries but for a -- female police officer who was struck in the head by a bottle, a ambulance was called but as it turns out she was treated here at the scene and so it appears she will be okay. we are like . >> police are warning the public tonight about an attempted kidnapping outside an elementary school. it happened this afternoon near park side elementary. the man is a white man in his 20s or 30s about 6 feet tall tall. the 9-year-old girl was able to escape. police are searching for the man. >> a new law will mak

for public integrity twenty five of the sleaziest subprime lenders were backed by the biggest banks in the united states citi group wells fargo j.p. morgan chase and bank of america together the financial times reported they originated one hundred billion dollars in sub prime mortgages between two thousand and five and two thousand and seven almost three quarters of the total. what i did in the mortgage industry i first got involved in about one thousand nine hundred eighty i was a loner originator. and during that time what i had seen was nothing short of amazing in terms it was very predatory the techniques that were being used the salesmanship that was being used to gimmicks on the loans and how it was structured it really disturbed me catchall to this and how they could get away with that is people here full disclosure depending on the lending institution you went to in other words a bank broker or a when the institution or three different all three have different sets of regulations that govern them and so full disclosure it wasn't necessarily important to the loan itself just get them to si

>>shepard: there has been another series of attacks, cyber attacks, on major united states banks. yesterday, wells fargo. this afternoon, u.s. bank corps and pnc national services, the latest if a string of attacks. a high ranking lawmakers is blaming them on iran. all three report customers having trouble accessing their accounts. officials say they are vetting -- investigating and that all personal information is safe. that is a denial of services according to the analysts. that is what it looks like to them, anyway. they do not allow you to access their stuff. they did the same thing to chase and bank of american last week. on friday, senator lieberman said he thinks iran is to blame. he chairs the senate homeland security committee and says he believes the attack are revenge for economic punishment that the west slapped on iran. and now, like to washington, dc, this afternoon. the attacks came after someone post add threat online, right, rich? >>reporter: reportedly from unknown hackers as revenge for the antimohammed video they posted on a website that in the previous announc

was made charlotte is the home of several fortune five funded companies including that united states second largest bank, bank of america. 35,000 people expected to attend the convention. organizers welcome guests with a free labor day party danielle nottingham tells us democrats will talk up their candidate. >>> with choppers in the air and security on the ground charlotte is ready for the democrats days after mitt romney and she'll be put on the show in tampa democrats are ready for the spotlight. >>> president obama needs to continue what he's been saying which is the truth >>> the romney campaign disagrees. >>> next week in charlotte the president needs to explain why he did not do what he said he would do. >>> florin a delegate steve hackney says democrats must work harder this year news state idealize may keep minority voters away from the polls. >>>, to see him do everything possible to get the vote out and make sure it is there >>> president obama 1 north carolina and 2008 and the democrats brought the convention to charlotte to help them hold on to the state, president is making his way here th

drawdown of the money market accounts in the united states to the tone of five hundred and fifty billion dollars we were having an electronic run on the banks that their estimation was that by two o'clock that afternoon five and a half trillion dollars would have been drawn out of the money market system of the united states would have collapsed the entire economy of the united states and within twenty four hours the world economy was shell shocked congress was given a three page plan in essence it gave paulson total control to spend seven hundred billion dollars some saw it as a power grab others sold a deliberate creation of the crisis to push through a corporate agenda. troll the media enough to ensure that the public will not notice that this bailout will and get them for generations what was unique was the refusal of congress to hear any testimony from expert witnesses or to have eric billion dollar bailout for wall street is being driven by fear not backed this is too much money into short a time going to too few people while too many questions remain unanswered why aren't we asking wall street to clean up its own mess when we passing

the point that john made are right and one thing he did not mention was we have that european banking unit coming at. essentially, if they can construct this banking union, that would allow you to do deposit insurance, those things are fundamentally uncertain. there is an awful lot of moving pieces here that have to go forward. i would come back to the notion and the sense of what has changed over the last month. to me, the biggest change is the attitude -- >> the question you have to ask yourself is what is that euro about? is a social decision or an economic decision? if it's a social decision, it says that politicians have an unlimited pain threshold. if it is an economic decision, the flows in do matter and they have to worry about the consequences for growth and the consequences for supports of their national financial champions. at some point, on some future weekend, the leadership will get a phone call was surprises them and they make a different decision than they previously. it really does rely on what is your vision of the future? did they go into this as a social decision or eco

today, by uniting the world's largest i bank and a cutting edge research center, it is the global leader in ocular science. this man is the visionary and ceo, leading his team with a critical mantra. >> we don't want them to spend time and energy waiting six months down the road to find out that the project is not a success. what is taking three or four months other places, we can determine in less than a week. >> breakthroughs come faster as well, and here is why. they just expanded sleeping quarters on site. researchers from all over the united states and abroad can stay here and immediately study donated i to shoot before it breaks down. some 50,000 men, women, and children around the world have their sight back because of the institute and the game changer who started his career as a collector, working with families of donors. knowing that the gift will change another person's life is what drives his passion. >> they don't know who we are but hoping at the end of the day that we will make a difference in their lives. >> thanks to the institute, as the man that can see. at the age of

julian, how significant is this war of words and how significant is it if you don't have the banking unit in place by january? >> to me it illustrates the difficulties you have in building a much more integrated euro area. really the banking issue should have been dealt with before we had money to the union. i think the expectation was if you have a single currency you'll get the banking union, but of course there's a lot of turf involved in regulatory issues as well there are potential financial liabilities of considerable size. and it's really that latter point which i think is a sticky one at the moment. for example the german saving, banks are proud of the fact that they have their own system of regulating deposit insurance through guarantees, they don't want to be having a special extra people yum which could be used to bail out depositors in spain. there's a very big underlying risk here which is if you have a standardized system of deposit insurance, then if one country were to leave the and you are row, who would be actually paying and sxwaguaranteeing tho ghoss. liabilities could

banks in europe. this is a very late response to the crisis in the united states where we have seen what happens if banks are a threat to the system. it is a long procedure and germany has said maybe not all 6000 banks should be placed under it. those that are really important for the system -- we will see a banking union in the months to come. >> thank you. the commission cost plans for deeper fiscal integration and the german court ruling are steps berlin and brussels hope will and the financial 12 -- financial turmoil. >> the developments are being met with cautious optimism that europe might finally be getting on track to solving its financial problems. we talked to one analyst and they talked about with this decision means for them. >> their famous for all types of cutlery. plates are from all over the world, shipped to shops all over the european union. the court has kept german liabilities at 190 billion euros. this this this man says it's a great deal of money, but he still believes the esm is the right course to take. >> naturally, it's a question of solidarity in special cases. for that, you ne

governor romney, just because you bank gaines the united states of america doesn't mean the rest of usre willing to sell her out. >>> a lot of people speculating that o'malley is run for president four years from now and, of course, we are in charlotte for the convention. they will be bring you live reports today and tomorrow only on news4. >>> republicans are hoping to make noise in north carolina this week as well. bob mcdonnell will campaign today and tomorrow near the convention site. mcdonnell is one of the mitt romney's most active surrogates. gov her o'malley spend part of last week in tampa. vice president bid enwas supposed to be there as well but he canceled because of hurricane ice sake. >>> paul ryan is stumping for votes in battleground states. he campaigned yesterday in ohio and ohio. he accused president obama to break his promise to improve the economy. mitt romney is keeping a low profile this week. he's in new england. >>> coming up on 4:38 right now. ahead on "news4 today," paying tribute to neil armstrong. how you will soon be able to honor the late astronaut here i

governor romney, just because you bank against the united states of america doesn't mean the rest of us are willing to sell her out. >> reporter: the governor did not touch on any controversial issues voters in our state will face this november. the first three questions have to do with identification said for judges -- qualifications for judges. and then support for the children of undocumented immigrants in maryland. six is the same sex marriage issue. do you believe they should be able to get married in maryland and the final question, number 7, its about the expansion of gambling, adding table games and adding a sixth location in prince george county. that is the matter he wants to get behind him. even as he looks forward to the 2012 election and perhaps 2016. >> be reelecting barack obama, president of the united states. god bless you all. >> tonight, politico is reporting that governor martin o'malley will -- >> all right. itsit's come down to this. you can literally carry an emergency room on your iphone. >> an app a day could you out of a sick day. >> you want to make sure to

one is that it was iranian hackers who were allegedly behind several hack attacks of big banks here in the united states according to an investigation by reuters iranian hackers conducted multiple denial of service attacks of websites we're talking bank of america j.p. morgan chase and citi group over the last year let's talk more broadly about some of the repercussions of what's happening now in iran and what the threat of cyber security attacks by iran it could mean for the u.s. team car senior director of strategy and free press and joined me earlier. well i mean it's it's interesting to note that you know the first real or first well known instance of a cyber security threat actually occurred when when we hacked into an iranian system in the united states placed a worm in their nuclear facilities that that disrupted their centrifuges and so this does have precedence and so it is playing out you know iran is coming after us there is of course this video which has inspired instances of censorship in pakistan is shut down you tube iran is now shutting down google and other other means for people

governor romney, just because you bank against the united states of america doesn't mean the rest of us are willing to sell her out. >>reporter: now, it's been widely speculated that o'malley is seeking a presidential bid in 2016. politico is reporting that later this morning o'malley is set to have breakfast with iowa's delegation to the dnc. as you know, iowa is the state that always holds its caucuses before any other state. linda stow, abc 2 news. >>> news time right now 5:36. in news around the nation, an unusual scene in washington state that leads to the arrest of a naked man. now, police say that the man tackled two teens, then walked away. when police showed up on the scene, the man jumped into a lake. remember, he's naked the whole time. he swam to the middle of the water and then is seen clinging to a buoy. so police boats tried to get him to swim ashore, however, the man resisted, swimming away from the boats. this went on like this for nearly three hours until police were able to catch up with him and arrest him. >>> a family in california says that they were discriminat

from previous days of losses are stimulus moves by the central banks of the united states europe and japan are helping to outweigh another round another per of week economic data so that's how the markets. action in about thirty five minutes time as well you're a fantastic we'll be waiting for you here kate thank you very much for that and i had a now see a look at how workers a risk their lives in bangladesh dismantling ships. well this is. science technology innovation all the developments from around russia we've got the future covered. if you're passing through russia's to be a region you really can walk on the wild side. thousands of kilometers of unspoiled countryside make up an area where it's still possible to live off the land and enterprising locals so the fruits of the forest by the side of nearly every road such spectacular scenery makes it a paradise for fisherman and provides a business opportunity for hunters going on he has been hunting for more than thirty years and works for a company providing expeditions for tourists this season ducks are on the menu. the two thin

. $40 billion in bond purchases every month meant to get banks to lend more to businesses and individuals here in the unitedn the same week, the european central bank cleared a major legal hurdle to its permanent bailout fund. italy and spain, two big countries considered too big to fail in the ongoing eurozone crisis could get bailouts going forward to bring down their borrowing costs. both are interests of central banks initiating action when the political will to act the lacking, whether in washington or in europe's capitals. joining me now to debate the topic is richard quest in london. he's the host of "quest means business" on cnn international. richard, welcome. today's q&a question is, are central banks saving the world or are they making things worse? i'll go first, richard. give me 60 seconds on the clock, starting now. richard, central banks are doing the right thing by taking action to shore up our troubled economies, but it is only half the equation. when there's a world financial crisis like the one we witnessed four years ago when lehman brothers collapsed, two things need to be done. number

so a bill was passed that said we had to have two kinds of banks in the united states. pository banks, banks which accepted deposits that are not allowed to take any kind of real risks, and a separate kind of bank, an investment bank, things like goldman sachs -- they can take risks and they know what they are getting into when they give these banks money. they wanted to be able to use other peoples money because they probably made a lot of money. they went to work after 1945. to evade an and weekend and eventually get rid of this bill. it was named after the two people in the senate and house red one named mr. glass and one named mr. spiegel, the glass-steagall act. in 1999, they built the repeal. the repeal, for those of you that don't know, was signed by bill clinton as president, helping to deregulate. what did we have? the taxes on the rich were discontinued. the regulations were discontinued. what is it that we saw. we saw that by not changing the organization of capitalist enterprises, we left in place people would be incentives and resources to do everything they

angeles democrat had faced allegations she sought $12 million in federal bailout money for united-one, a banknd owns stock in. but the committee's outside counsel, billy martin, found waters believed she was acting on behalf of all minority-owned banks. >> we recommended to this committee in a written report that covers almost 150 pages that the evidence on the record does not support a knowing violation of ethics rules or any other standard of conduct with respect to representative max even waters-- maxine waters by a clear and convincing standard. >> holman: the report did raise questions about actions by waters' grandson and chief of staff, mikael moore. moore has denied any wrongdoing, but he may receive a letter of reproval from the ethics committee. general motors is recalling nearly 500,000 cars to fix a transmission problem-- they can remain in gear and roll away, even though they appear to be in "park." the recalled vehicles are the chevy malibu, pontiac g-6, and saturn aura from model years 2007 through 2010. all have four-speed automatic transmissions. g.m. said it knows of four cr