there, the last thing they want to do is have long-term damage. not only the reputation but the cost that is going to be there and suffer through. if they can preserve a million acres and only lose 50,000, whatever it is. that is lot cheaper than if we lose the entire coast tal wetlands. that is the last thing we need to happen. gregg: charlie melacon, thanks for being with us. a tough week for wall street. goldman sachs hauled before congress. investment house already facing civil action from the s.e.c.. now, the justice department could be bringing charges. is there a case to be made here? is it all legal posturing? we have a debate coming up next. e other things you can tell people about geico - great claims service and a 97% customer satisfaction rate.
never been done. they re literally taking a piece of equipment and fitting it for our need. this is going to be new edge technology that s never been done. reporter: thank you very much. also unprecedented here, according to not only the admiral, but also the point person for homeland security, for president obama, is that what s impresssive is how deep it is. two, using all this robotic equipment to try to shut off the valves, shut off the leaks. number three, the efforts here to actually control and mitigate and collect what is an unknown right now. typically oil spills most often happen with container ships, you know the volume of oil you re dealing with. in this case, right now people are still guessing when it hits the coast line is not a question necessarily of if, but when. and also where. but the good news is no new
opened up until 10:00. this is a particularly dangerous situation. there could be extremely dangerous weather. that is the case tonight, parts of louisiana and into texas and into arkansas. we re going to be talking potentially long lived tornados. that is what we saw last week. in parts of mississippi. tonight, big time danger in areas of arkansas. it will be continue in the overnight hours as well. gregg: the gulf oil spill is spreading. the coastguard says it is now impossible to tell the full extent of the leak or the damage. it is threatening to devastate pristine coastal habitats. one expert says the spill surface area has tripled in size in just the last day or so. joining us by phone is louisiana congressman charlie nellis. give us an update on the extent of the damage and what is being
you have to remember, goldman made $15 billion. they lost 90. paulson was betting short but best defense for goldman, we lost $75 million net on this deal. gregg: you brought it up. the burp in a criminal case the burden of proof is much higher and they learned that in the bear sternsz case. i think they are scared in that situation. gregg: they may have learned from that case. but i think that goldman sachs is even more difficult to understand than bear stearns. they are at the top of the game here. the other thing i want to point out. the timing of this and i voted for obama but the timing of this is a little peculiar. obama made the statement about there is point where you make too much money.