like don't you dare do anything criminal against goldman sachs but if you are goldman sachs or an executive you can steal from investors and you'll be just fine. i mean is that kind of does that illustrate this issue we're talking about yeah the cops go after the low hanging fruit let's call it what it is go off to par wall street you see how tough they get you know be a small guy on the chain or a small woman in the in the scam boy today whack you down but not a few names john cause i know and by the way the law firm that m.f. global used is attached to the attorney general and his assistant attorney generals law firm i mean what is six years old you can see through this stuff look at it one after another the game is rigged look what happened about a week ago a jury found this guy that the feds were trying to prosecute from citi group and they let him go because they asked i wanted to know this is from the foreman of the jury i wanted to know why the bank c.e.o.'s wasn't brought up on trial i'll tell you why it's very simple they're better than us that's right they're better than we are th

like don't you dare do anything criminal against goldman sachs but if you are goldman sachs or an executive you can steal from investors and you'll be just fine is that kind of do that. illustrate this issue we're talking about yeah the cops go after the low hanging fruit let's call it what it is go off to ply wall street you see how tough they get you know be a small guy on the chain or a small woman in the in the scam boy they whack you down but not a few names john cause i know and by the way the law firm that m.f. global used is attached to the attorney general and his assistant attorney generals law firm i mean what is six years old you can see through this stuff look at it one after another the game is rigged look what happened about a week ago. a jury found this guy that the feds were trying to prosecute from citi group and they let him go because they asked i wanted no this is from the foreman of the jury i wanted to know why the bank c.e.o.'s wasn't brought up on trial i'll tell you why it's very simple they're better than us that's right they're better than we are they make hundre

like don't you dare do anything criminal against goldman sachs but if you are goldman sachs or an executive you can steal from investors and you'll be just fine. i mean is that kind of does that illustrate this issue we're talking about yeah the cops go after the low hanging fruit let's call it what it is go off to par wall street you see how tough they get you know be a small guy on the chain or a small woman in the in the scam boy they whack you down but not a few names john cause i know and by the way the law firm that m.f. global used is attached to the attorney general and his assistant attorney generals law firm i mean what is six years old you can see through this stuff look at it one after another the game is rigged look what happened about a week ago. a jury found this guy that the feds were trying to prosecute from citi group and they let him go because they asked i wanted to know this is from the foreman of the jury i wanted to know why the bank c.e.o.'s wasn't brought up on trial i'll tell you why it's very simple they're better than us that's right they're better than we are th

goldman sachs are not going to be able to do what goldman sachs used to do. >> eliot: wall street is restructuring because the market is responding, recognizing they won't be able to commit these types of frauds in the future. the russian of return of capital is going down. that is not recompense for the crimes they've committed not in the technical sense. that is a market response to a recognition that there is new environment. that is not compensation that should be paid for misreputationsmisrepresentations into the marketplace. >> we had a huge bubble where multiple parties say that the regulators fell down on the job the well street, the banks the hedge funds bought into this, and horrible decisions. investors made horrible decisions. everyone is still suffering from% this massive hangover. it's not--these issues with advocateism and the e-mails that's not really what caused the whole thing to come down. it's just things that was going on. >> eliot: let me sum it up this way. i'm outvoting 2-1 but i get three votes. because i'm sitting here. you guys are wrong. [ chuckling ] i de

they're all goldman sachs alums. the bill back to goldman sachs. they go back into government. -- they all go back to goldman sachs. they go back into government. it is a white house issued. >> this goes back to the media in a way. i will go back to goldman sachs if i must. remember in august when there were about 1200 people doing civil disobedience around the white house protesting the keystone pipeline. the corporate mainstream media was like this on that. imagine if 1200 tea party members hitched themselves to the date of the white house. when occupy launched in september in new york and then moved across the country, suddenly there was more attention being paid to other movements. it exposed how the media has done such a disservice to this country in the last few years by saying there was one movement in this country, the tea party. there are many other movements. the occupy wall street movement has brought into sharper relief and force the media to pay attention to other issues and movements. i could take off 10 or 15. -- tick off to enter 15

>>reporter: some, and carl levin, and is republican accused goldman sachs of misleading congress and say they used abusive practices to gain. senator coburn did not comment but senator levin said they did immense harm to clients and helped create the crisis that nearly plunged us into a second-grade decision. whether the decision is a product of weak laws or weak enforcement, goldman sach's actions were deceptive and immoral but the justice department did not think it had enough to meet the burden of proof. >>trace: what is goldman saying? >>reporter: a spokesman said "we are pleased that this matter is behind us." at the white house, spokesman carney did not give us much. i have to rough you to the justice department. i have not spoken to the president about this. he is very focused on taking measures that assist homeowners. >> goldman sacs has paid in other ways including $550

goldman sachs are not going to be able to do what goldman sachs used to do. >> eliot: wall street is restructuring because the market is responding, recognizing they won't be able to commit these types of frauds in the future. the russian of return of capital is going down. that is not recompense for the crimes they've committed, not in the technical sense. that is a market response to a recognition that there is new environment. that is not compensation that should be paid for misreputationsmisrepresentations into the marketplace. >> we had a huge bubble where multiple parties say that the regulators fell down on the job the well street, the banks the hedge funds bought into this, and horrible decisions. investors made horrible decisions. everyone is still suffering from% this massive hangover. it's not--these issues with advocateism and the e-mails that's not really what caused the whole thing to come down. it's just things that was going on. >> eliot: let me sum it up this way. i'm outvoting 2-1 but i get three votes. because i'm sitting here. you guys are wrong. [ chuckling ] i d

. >>> a victory for goldman sachs. they will not prosecute the wall street firm for their role in the mortgage crisis. it came after a scathing report that included accusations that goldman sachs deceived investors about high risk mortgage securities and met against the positions. for more on this and other headlines, we go live to london. good morning. >> good morning, thomas. explosive language. i wonder if you recall when the senate committee was meeting and they uncovered e-mails for goldman sachs talking about the derivatives and the junk and it's crap and they were being sold on to clients. as it turns out, the justice department not able to really pin them down on this. a huge sigh of relief over at goldman sax. it's not the only case where they haven't had to pay a third of the fine. the sec not able to pin them down on mortgage-backed security transactions. goldman sachs comes through this latest round a-ok at this point. let's step away from goldman sachs and the relief feeling over there and talk about ikea,

she came from goldman sachs. how is she going to possibly regulate on what she left an likely going back to? >> bob: you put your finger on it. senator levin and tom coburn, enough evidence up there -- prima fascia evidence they broke the law. for some reason the justice department doesn't want to do it. why? you are exactly right. the securities and exchange commission are loaded with goldman people or want to be goldman people. >> eric: if they nail goldman or morgan stanley or ubs they know that job is not going to be -- >> bob: is there any way we can bust the guys? >> eric: change the rules. change the rule. if you are a regulator, you can't go to work for the banks. vice versa. >> bob: can we break goldman satchs apart? >> andrea: obama ran on. this cleaning up wall street. it's his justice department that said we are not going to do anything. his s.e.c. says we are not going to do anything. >> bob: you are not getting an argument from me. they should have been in jail a long time ago. >> greg: gibson is a

you peasants out there it wasn't goldman sachs who defrauded you investors and you pension funds around the world with their abacus deal yes they were selling you toxic products but it's your fault of course there's not a problem of justice there's not a problem of justice going to cover wall street i don't know this guy eric holder he's to head of it what does he do all day but because no. does he actually do a gosh darn thing to go after criminals i mean you've got truckloads of evidence piling up outside the white house there where every things is pat and it's nothing but pure evidence without any reasonable doubt pure skaggs. the wall from sea to shining sea the live. up of the book cookers eric what's wrong with you are you valet. but there are some do gooder is out there some guys with some programs to sell you who are seeking to help you all how to spot the next big banking scandal there's a new company out there called digital reasoning and it says it can help financial institutions spot fraud by analyzing terabytes of internal e-mails now the c.e.o. hopes financial institutions

there is a tweet from reuters flash no criminal charges against goldman sachs or employees for subprime deal justice department says so there you have it look at the we were you peasants out there it wasn't goldman sachs you defrauded you investors and you pension funds around the world with their abacus deal yes they were selling you toxic products but it's your fault of course there's not a problem of justice there's the problem of justice going to cover wall street because i don't know this guy our caller he's head of it what does he do all day but because of those does he actually do a gosh darn thing to go after criminals i mean you've got truckloads of evidence piling up outside the white house there where every things is pat and it's nothing but pure evidence without any reasonable doubt pure scavengers from the will of the wall from sea to shining sea. up of the book cougars eric. what's wrong with you are you. but there are some do gooders out there some guys with some programs to sell you who are seeking to help you all how do you spot the next big banking scandal there's a ne

you peasants out there it wasn't goldman sachs it defrauded you investors and you pension funds around the world with their advocates deal yes they were selling you toxic products but it's your fault of course there's not a problem of justice there's not a problem of justice going to cover wall street i don't know this guy eric holder he's head of it what does he do all day but because no. does he actually do a gosh darn thing to go after criminals i mean you've got truckloads of evidence piling up outside the white house there where every thing's is pat and it's nothing but pure evidence without any reasonable doubt pure scavengers from the wall from sea to shining sea the live up of the book cookers eric what's wrong with you are you. but there are some do gooders out there some guys with some programs to sell you who are seeking to help you all how to spot the next big banking scandal there's a new company out there called digital reasoning and it says it can help financial institutions spot fraud by analyzing terabytes of internal e-mails now the c.e.o. hopes financial institutions

you peasants out there it wasn't goldman sachs who defrauded you investors and you pension funds around the world with their advocates deal yes they were selling you toxic products but it's your fault of course there's not a problem of justice there's not a problem of justice going to cover wall street i don't know this guy our caller that he's head of it what does he do all day but because of those does he actually do a gosh darn thing to go after criminals i mean you've got truckloads of evidence piling up outside the white house there where every things is pat and it's nothing but pure evidence without any reasonable doubt pure scavengers from the will of the wall from sea to shining sea the lid up of the book cookers eric. what's wrong with you are you valet. but there are some do gooders out there some guys with some programs to sell you who are seeking to help you all how do you spot the next big banking scandal there's a new company out there called digital reasoning and it says it can help financial institutions spot fraud by analyzing terabytes of internal e-mails now the c.e.o

you peasants out there it wasn't goldman sachs who defrauded you investors and you pension funds around the world with their abacus deal yes they were selling you toxic products but it's your fault of course there's not a problem of justice there's not a problem of justice going to cover wall street because i don't know this guy our caller he's to head of it what does he do all day but because of those does he actually do a gosh darn thing to go after criminals i mean you've got truckloads of evidence piling up outside the white house there where every things is pat and it's nothing but pure evidence without any reasonable doubt pure scavengers from the will of the wall from sea to shining sea the live up of the book cougars eric. what's wrong with you are you value. but there are some do gooders out there some guys with some programs to sell you who are seeking to help you all how do you spot the next big banking scandal there's a new company out there called digital reasoning and it says it can help financial institutions spot fraud by analyzing terabytes of internal e-mails now the c

you peasants out there it wasn't goldman sachs who defrauded you investors and you pension funds around the world with their advocates deal yes they were selling you toxic products but it's your fault of course there's not a problem of justice there's not a problem of justice going to cover wall street i don't know this guy eric holder he's to head of it what does he do all day but because no. does he actually do a gosh darn thing to go after criminals i mean you've got truckloads of evidence piling up outside the white house there where every things is pat and it's nothing but pure evidence without any reasonable doubt pure scavengers from the wall from sea to shining sea the lid up of the book cookers eric what's wrong with you are you valet. but there are some do gooder is out there some guys with some programs to sell you who are seeking to help you all how did spot the next big banking scandal there's a new company out there called digital reasoning and it says it can help financial institutions spot fraud by analyzing terabytes of internal e-mails now the c.e.o. hopes financial in

but the goldman sachs of the world were all in demint and big government itself mandated the purchase of the credit default swaps and others that brought down the economy. it is not pro capitalist to support goldman sachs in their embrace with the department of treasury. >> host: is supply-side economics it dead? >> it is true economics. i am excited to have mitt romney run for president. bain capital is one of the foundation's the of supply-side economics. say it applied it to business to show the most effective way of four businesses to gain market share. because costs dropped by 200 tora 30% with a total units sold part of the economy is the scope and scale. this is the foundation of supply-side economics. you reduce costs across the economy and the united states can expand the global share for orwell's. that is why supply-side economics works. not by balancing the budget or overcoming debt were a gimmick. it'll 52 human creativity. that is a surprise. if you could plan you would nine need it. >> host: can mitt romney use the phrase politically supply-side economics? >> i think he

global but i mean he he was a goldman sachs c.e.o. and kind of. fallout i guess you could say in the years after the financial crisis who could you build a case against. you know i think the investigation is the most recent and unfortunately i think given how much time has elapsed since the since the actions of the financial crisis perhaps best opportunity to start putting people in handcuffs i mean this is been so this is the facts that we already know are some of the most you know blatant attempts to manipulate one of the world's most important interest rates in the world and the conduct seems pretty clear and it seems like it does lead its way up the ladder so i certainly hope to see some movement in those cases but it's also hard to get too excited too optimistic given the formants we've seen today do you think as a prosecutor that there could be criminal charges related to libel manipulation that you could build for c.e.o.'s of firms that were found to have traders manipulating it. you know that's a real question of how they approach these ca

global but i mean he he was a goldman sachs c.e.o. and kind of. fallout i guess you could say in the years after the financial crisis who could you build a case against. you know i think that investigation is the most recent and unfortunately i think given how much time has elapsed since the since the actions of the financial crisis perhaps d.o.j. as best opportunity to start putting people in handcuffs i mean this is been so this is the facts that we already know are some of the most you know blatant attempts to manipulate one of the world's most important interest rates in the world and the conduct seems pretty clear and it seems like it does lead its way up the ladder so i certainly hope to see some movement in those cases but it's also hard to get too excited too optimistic given the formants we've seen today do you think as a prosecutor that there could be criminal charges related to libel manipulation that you could build for c.e.o.'s of firms that were found to have traders manipulating it. you know that's a real question of how they approa

goldman sachs not enough evidence. matt thank you as always for joining us. >> good evening. >> one more example of washington failing. >> yes absolutely. it wasn't like this decision wasn't expected. most people thought that they would eventually decide not to prosecute goldman sachs but it's an incredible disappoint because the levin sub committee did an enormous amount of working work that gift wrapped for the justice department, and they chose not to do nothing at all. >> eliot: the senator levin report that you failed to, and they investigated the entirety of the mortgage fraud, and september over a wrath of cases to justice and they haven't done it. >> they haven't done a single thing. it would be one thing if they decided let's put our chips in one pile and go after one big fish and we'll make them our signature case, but they didn't do anything. >> eliot: especially as you point out in your article. you know that i love your articles, and the metaphors that you use are always poignant and essential in understan

. >> it is not procapitalist that support goldman sachs. and their intimate embrace with the department of the treasury. >> the bright side of economics? >> the bright side is to economics. and i actually am quite excited to have mitt romney run for president. because bain and company really was one of the providers of the foundation who supplies those economics. they applied it to business. they showed of the most effective way for businesses to gain market share was to cut their prices. and you could cut prices if your business gains market share. because costs drop by about 20 to 30% with each doubling of total units sold. your costs in general. economies of scope and scale and learning. it is called a learning curve. and this is really the foundation of economics. when you cut taxes, which is just like a prize committee reduce costs across the economy and a lot of united states to expand the global share of the market for enterprise and wealth. that is why supply-side economics works. it is not merely by balancing the budget. overcoming

when we come back, goldman sachs say they have deals and what they say in the e-mails. boy, this is really crappy for our client. what happened today? the government let them off the hook. of course! i'll give you the details when we come back. chewy, oatie, gooeyness... and, and...and then the awards started coming in, and i became addicted to the fame. topped with chocolaty drizzle... and fraudulence. i'm in deep, babe. you certainly are. [ male announcer ] fiber one. fiber beyond recognition. double miles you can "actually" use. but with those single mile travel cards... [ bridesmaid ] blacked out... but i'm a bridesmaid. oh! "x" marks the spot she'll never sit. but i bought a dress! a toast... ...to the capital one venture card. fly any airline, any flight, anytime. double miles you can actually use. what a coincidence? what's in your wallet? [ all screaming ] watch the elbows ladies. >> cenk: in this edition of the aggressive progressive we go after goldman sachs and the government. how is that for fun. you remember that goldman sachs had a terrible deals where the

the case at goldman sachs is startling. back in the bad old days of 2008, goldman sachs is accused of creating one of the worst mortgage-backed securities, a real dog with the intention of helping one of its biggest clients bet against so it when the mortgages weren't paid their big client would get very rich. the problem of course is you need someone to take the bet on the other side, actually invest and goldman sachs was accused of convincing more of its clients t not so rich ones, to take the other side of that bet. a little like giving a race horse sleeping pills and getting against him at the track. you have to have suckers bet on the horse to win if you are going to make money. prosecuting goldman sachs was, quote, not viable. a separate senate investigation ended with senators concluding much the opposite. the hot start-up pinterist signed. south bay in the midst of an apartment building boom. bob redell live in san jose where the race is on to house all of the new hires in silicon valley. good morning. >> reporter:

. >>> and goldman sachs is off the hook this morning for some of its actions before the financial crisis. your business news is next. >>> plus, the olympics. the fastest man in the world is a historymaker, and not just on the track. >>> welcome back. homeowners can look forward to new mortgage protection. the watchdog that the government consumer financial production bureau want new rules to get rid of surprises and runarounds. changes would require lenders to provide clear billing statements, warn borrowers of rate hikes and correct errors quickly. >>> goldman sachs dodging a legal bullet. the justice department says its fraud investigation did not turn up enough evidence to make a criminal case. >>> well, despite all the grumbling airline passengers do, some things are actually getting better. more flights are on time and fewer bags are getting lost, with domestic carriers putting up their best numbers since the government started keeping track almost 85 years ago. 87% of flights arrived on schedule. good weather helped boost those numbers. >>> and yesterday, we told you about that com

goldman sachs will not face criminal charges over accusations it helped cause the nation's financial crisis. the justice department said in a statement and i quote, "the burden of proof to bring a criminal case could not be met based on the law. and facts as they exist at this time." this comes after they paid half a billion in a settlement with the securities and exchange commission over charges that it misled investors about subprime mortgages. but at this point, there is no criminal case. mike emanuel is like in washington, dc. any reaction from the senators that started this? >>reporter: some, and carl levin, and is republican accused goldman sachs of misleading congress and say they used abusive practices to gain. senator coburn did not comment but senator levin said they did immense harm to clients and helped create the crisis that nearly plunged us into a second-grade decision. whether the decision is a product of weak laws or weak enforcement, goldman sach's actions were deceptive and immoral but the justice department did not think it had enough to meet the burden of proof.

no perp walk for goldman sachs. no matter how hard the justice department looked, it just could not come up and make a criminal case, where does goldman go to get it's good name back. then small businesses feeling the inch and we have not driven off of it yet. goolsbee joins us, two college seniors think congress can solve problems over a cold one. they are raising slush funds for their mission. at sleep number, individualizing your sleep is at the heart of every innovation. with the sleep number bed, it's not about soft or firm. it's about support where you find it most comfortable. the magic of this bed is that you're sleeping on something that conforms to your individual shape. wow! that feels really good. you can adjust it to whatever your needs are. take it up one notch. my sleep number is 50. i'm a 45. and now, for those interested in trying memory foam, sleep number introduces our new memory foam series-the only beds that combine cradling memory foam with the amazing dual-air adjustability of the sleep number

>> for example, goldman sachs has completely flipped. >> they are gangsters at goldman sachs, are they not. >> you can call them all sorts of other things, too. they are basically investment bankers. they have flipped their contributions to the republicans by the same ratio. >> bill: they were big obama guys. >> the biggest. >> bill: why did they change? >> they changed because of barney frank is one of the reasons they changed and the other is christopher dodd. dodd frank regulation. even they can take a joke so long. >> bill: because the democrats have constrained their business operation, they want them out? >> and because obama has been saying things like you're gang centers, goldman sachs. >> bill: i just said that. >> i know. i think he said it maybe second. >> bill: i don't know if they're gang centers or not but it sounds so good. >> it does sound good unless you happen to work for goldman sachs. >> then it would be a little offensive. lou dobbs, everybody. thanks for cadding with me. i can't take him on anymore. >> i said foil. >> bill: if i have to do it again it will be a ma

as you know, when they wound the trades that night they did so with goldman sachs. goldman sachs took the other side of that trade helping knight sell off the accidental purchases of about 150 stocks and resulted in the $440 million charge i'm being told. in other words, goldman sachs has been mentioned as a possible advise tore knight trying to seek cash or a possible deal, something to help them get out of this cash crunch they're in. as a result of these erroneous trades. but as well, goldman sachs played an unseen part in helping to unwind the trades on wednesday and in three days' time with t plus 3 settlement rules, they have to play goldman $440 million. there's questions i'm told as to whether knight comes up with the cash. the deal is fluid. they reached an agreement on wednesday night in principle but whether or not it goes through is whether knight secures the cash position. they have the weekend and monday to make this agreement with goldman sachs an official one. >> hey, kate, can i ask you a quick question. could goldman not extend to them a further li

this is a big win for goldman sachs. there were charges brought down, an investigation started against the bank last year. the saint senate started that up. the doj and prosecutors say they didn't have enough evidence to convict goldman sachs or some of its employees for kind of tying mortgage- backed securities into risky bets for invest ors. so goldman is cleared and this could be a big win for other banks who might be facing similar allegations. >> there is a new national holiday and it has a school tie- in and it starts tomorrow? >> yeah, teen vogue actually decided to make a back to school holiday and that is tomorrow. back to school saturday. the reason they did that is because the back to school season is very strong. it is the second biggest after the winter holidays so after christmas and hannukah. but it is kind of all summer for some people. so they figure let's just give it a day. let's offer all of these great deals like free haircuts at j. c. beenee, 40% off autopsy taylor lost, staples, target. we can enti

the case of goldman sachs is startling. back in 2008 goldman sachs is accused of creating one of the worst mortgage-backed securities, a real dog with the intention of helping one of its biggest clients bet against so it when the mortgages weren't paid the client would get very rich. the problem is you need someone to take the bet on the other side. they are accused of convincing more clients to take that side of the bet, like giving a race horse sleeping pills, then betting against him. you still have to find some suckers. in its decision the justice department said prosecuting over this was quote not viable. a separate senate investigation into the matter ended with senators concluding much the opposite. >> shares in yeah who are fell after the ceo there said the company may not give its shareholders billions of dollars made when it sells its assets in china. they wonder what the new ceo plans to do with the money instead. certainly buying a big company is a possibility because we're talking billions that won't go back to

goldman sachs spokesman tells fox news we are pleased that this matter is behind us. that's "the fox report's" top five. and on this day in the year 1836, jesse owens won his, what did i just say? that could not have been the year just -- 1936. he won his fourth gold medal enter lineal. alabama son share crime stoppers and ohio state university track star won gold in the 100 meters, broad jump, 4 by 100-meter relay. he and his team tied or set world records in every event. fans in geanrm treated jesse owens like

people saw in this white house favoritism towards goldman sachs and the banks. the problem was the left populism has not emerged until now. for too long, many felt with the bomb in the white house that things would be sorted out. that is where movements become important. every administration in modern times has had to deal with insurgency's or movements on its left and right. reagan in many ways was a movement president. i say that with contempt for what he did in damage to this country. you need to see the pendulum has now swung. the tea party in many ways has lost a lot of this mojo because of overreach. it is out of sync with the values of so many people. we could have seen that in the summer of 2009. one of tea party people stood up and said "government, take your hands off my medicare." you see how internalized those programs are. >> who does not want to watch a car wreck? >> it has done a lot of damage. >> this tweet says the obama administration is responsible for the tea party. >> it opened a backing tree that hot summer of 2009 -- it opened up a vacuum

he made $500 million off goldman sachs. of course he's going to help goldman sachs. i get that part. but tim geithner, the so-called progressives in the obama administration, why is it in their gut to help the bankers above everything else? >> that's the world view in washington. and whether it is because of the power of money the power of influence, the fact that they surround themselves with individuals who all came from wall street, it was a rogue's gallery of goldman sachs and merrill lynch and bear stearns these were the closest advisers who were shaping the policy. and you know, when that housing program was rolled out and it was obvious that it was failing it was actually harming homeowners, tim geithner told us in a meeting when he was being pressed on why how is this program going to help homeowners, he explained it. he said this program is going to help -- these are the words he used, foam the runway for the banks. in other words extend out the foreclosure crisis so that the banks would be able to recover rebuild their balance sheets, return to record profi

goldman sach's received millions in bail outs and loans. goldman sachs refused to speak with ktvu today. >>> san mateo council spoke about pushing the -- in most of the county for a period of 10 years. the increase would disproportionately hurt low income residents. supporters say it would bring in an extra $60 million a year. >>> b.a.r.t. is relaxing its rules. this friday and every friday in august bikes will be allowed on b.a.r.t. trains all day long. currently b.a.r.t. bans bicycles on trains during rush hour. b.a.r.t. wants to see what effects those bikes have on passengers and train operation. bicycles are not going to be allowed on the first car of the train or on a crowded train. >>> after a lengthy intermission, san francisco is becoming a source for movie makers. woody allen is the latest big name to use san francisco as a backdrop and already the buzz is building. >> reporter: scouts have been looking for talent for the new woody allen movie. this will also mean work for extras. >> everybody wants to work. especially a legend lik

a goldman sachs spokeswoman declined to comment. >>> these were the high temperatures from today. slightly cooler than yesterday but there was still heat in the antioch and fairfield with upper 90s. forecast highs tomorrow, they're coming back up. temperatures are on the increase. tonight temperatures cool down. there's very little fog at the coast. by the time you get up there's fog in san francisco, probably fog in salsalito and oakland. then the fog burns back, and the heat starts to go this way. high pressure is building back in and these upper 90s are going to start shifting into our inland bay valleys. that is for tomorrow. when i come back i will get more specific for your broadcast high. it includes some haze. >>> there's word that gloria vidal has died. he was considered by many a very big the personality. relatives included jackie onassis. vidal once said style was what you want and not giving a damn. >> a warning about local fish. plus-- >> reporter: could the oakland police department be closer to a federal take over? one particular criticism of opd that played into a

the latest firm to escape -- goldman sachs. mike emanuel explains the controversial deci. decision. after the justice department announced its more than one pear investigation looking into the causes of the financial meltdown would not lead to criminal prosecution of goldman sachs or its employees, the firm expressed a sigh of relief - quote: "we are pleased that this matter is behind us." the justice investigation was based on a bipartisan senate report by democrat carl levin and republican tom coburn. that probe found goldman marketed four sets of complex mortgage securities to banks and other investors, and didn't tell clients they were risky. investigators also said goldman secretly bet against its investors.sot - sen. levin says: "... the report tells the inside story of an economic assault that cost millions of americans their jobs and their homes while wiping out investors, good businesses and markets." coburn did not comment on d-o-j's decision, but levin blasted goldman in a statement - quote: "...its actions did immense harm to its clients, and helped create the financial

the government will not prosecute goldman sachs in connection with subprime mortgage securities. the justice department says a fraud investigation did not turn up enough evidence to make a criminal case. domestic airlines showing best on-time numbers. 84% of flights arrived within 15 minute of schedule in the first half of the year and fewer lost bags. couples are facing sticker shock for the big day. bride magazine says the average cost of a wedding is under $27,000 and that doesn't include the honeymoon. that's america's money. >>> 5:15. proponent force california's death penalty are due back in court today to try to convince the superior court judge to change his ruling. the judge issued a tentive ruling yesterday that rejected efforts by prosecutors to chain the wording on a ballot measure that would repeal capital punishment. they charged in a suit the ballot wording unfairly suggests the initiative would cave money and force convicted murderers to work in prisons which they are already required to the judge says he phone nothing false or misleading in the wording and if the

on the s.e.c., they have actually settled the case, goldman sachs has with the s.e.c. for $550 million related to this. but they have said they will not admit any wrongdoing here. >> so four years now after the financial meltdown, not one bank and not one bank ceo has been prosecuted for fraud in any way? does that change? >> nobody thinks that it will at this point. a lot of people -- this is the question, really. it's been asked now multiple times over. steve kroft asked it on "60 minutes" about a year ago. i have been asking it of every single source of mine since the financial meltdown. are we going to see somebody at one of these major banks actually face any criminal or even s.e.c. issues around this -- around the financial meltdown. we have yet to see anything go that way. as a result, many people have become disillusioned in what's takes place in our markets. >> and continue to be. >> rebecca, thank you very much. >>> the man accused of killing 12 people at a colorado movie theater say he is mentally ill. james holmes returned to court on thursday. his attorney

a goldman sachs spokeswoman declined to comment. >>> these were the high temperatures from today. slightly cooler than yesterday but there was still heat in the antioch and fairfield with upper 90s. forecast highs tomorrow, they're coming back up. temperatures are on the increase. tonight temperatures cool down. there's very little fog at the coast. by the time you get up there's fog in san francisco, probably fog in salsalito and oakland. then the fog burns back, and the heat starts to go this way. high pressure is building back in and these upper 90s are going to start shifting into our inland bay valleys. that is for tomorrow. when i come back i will get more specific for your broadcast high. it includes some haze. >>> there's word that gloria vidal has died. he was considered by many a very big the personality. relatives included jackie onassis. vidal once said style was what you want and not giving a damn. >> a warning about local fish. plus-- >> reporter: could the oakland police department be closer to a federal take over? one particular criticism of opd here you go little