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Once again of having to bail them out. michael, inmy view, what we need to do as a country is have our financial institutions not engage in gambling, which jp morgan chase did. they lost money because they were gambling. they made a bad bet. we don t need our large financial institutions betting. we need them investing in the economy and creating jobs. you and jesse jackson have been on the forefront of asking for the glass act. tell us how that could help in a situation like this when these derivatives have been known about. tell us about glass stegall and why it was important. it was inacted in the 1930s. it said when the federal government is going to provide insurance, fdic insurance to banks, you cannot have investing banks are merging with insurance
CountryJp-morgan-chaseMoneyInstitutionsGamblingInmy-viewMichaelBad-betEconomyJobsForefrontGlass-actRescue operation. alex? yeah, okay and they ve expanded that search to four counties. thankfully it looks like the weather is cooperating for them today, right, that will help things. reporter: yes, it s been off and on. we ve had a very few hot days in the first few days of the search and then on friday we had a bunch of storms coming through here, severe weather which really soaked the ground which doesn t make the search any easier. as you can imagine, the woods of west tennessee are thick with a lot of brush. it was very muddy because of the rain and now it looks like we re getting a little bit of reprieve today. hard to look for clues and the mud churns everything up there. thanh truong thank you very much from darden. still ahead is he in the running or running at the mouth? what donald trump is now saying as he considers a run for the white house. also ahead the constant strain on your wallet at the gas pump, and the increasing strain at the grocery store. and it s a
ThingsReporterAlex-wittWeatherSearchCountiesRescue-operationThemFourLotStormsGroundInside is now outside, and so they have to get in there and make sure they can take care of it safely, because there s a lot of nails, there are a lot of sharp objects around, glass. several residents were not home, including the residents of that home, this home that is collapsed and this home here as well, they were home and managed to get out. one of the neighborhoods here in the raleigh metro area hit by a barrage of tornadoes yesterday, national storm surveyors will rate the storm on the few gina scale, usually ef-3 or ef-4 damage. the governor is visiting raleigh and declared a disaster in the state of north carolina and likely ask the white house for federal assistance as well. as soon as we get that information we ll pass along the situation this morning in eastern north carolina. thanks for telling us all about it and covering it this morning. actor nicolas cage was arrested friday night in new orleans after having an argument with his wife, he was arrested
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