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corporate responsibilities and have long been considered exempt from insider trading laws. even though they have daily access to nonpublic information and plenty of opportunities to trade on it. we know that during the healthcare debate, people were trading healthcare stocks. we know that during the financial crisis of 2008, they were getting out of the market before the rest of america knew what was going on. steve croft from 60 minutes is going to join us in a moment. what was going on was gop congressmen like spencer back us of alabama and fellows of the house financial services committee were getting dire top secret briefings on the crisis from treasury secretary hank paulson. at the same time, according to 60 minutes, congressman backus started making stock bets that the market would go down. his office says he never trades on nonpublic information but the timing is suspicious. it s a bipartisan story here. take democrat nancy pelosi, the former house speaker. ....
stock by corporate insiders who have access to nonpublic information that could affect the stock price can be a criminal offense. just ask hedge fund manager roj roger rat number who got prison for doing it. congressional lawmakers have no corporate responsibilities and have long been considered exempt from insider trading laws. even though they have daily access to nonpublic information and plenty of opportunities to trade on it. we know that during the healthcare debate, people were trading healthcare stocks. we know that during the financial crisis of 2008, they were getting out of the market before the rest of america knew what was going on. steve croft from 60 minutes is going to join us in a moment. what was going on was gop congressmen like spencer back us of alabama and fellows of the house financial services committee were getting dire top secret briefings on the crisis from treasury secretary hank paulson. at the same time, according to 60 minutes, congres ....
moving into vicksburg. it is projected to peak saturday at just over 57 feet, just above the record set in the great flood of 1927, and damage is already durntion homeowners are describing their nightmare: you re wishing and hoping it s not going happen and you get caught up in it, it happens so fast. two days ago, it was in the back of the trailer, yesterday it made it up to the front steps. where she s standing was dry ground. and got back here today and look how far it comes out. you can t expect anything you wish it wouldn t happen, but hey, it happens. we can t predict tomorrow. alisyn: you sure can t. from there the concern will move to new orleans, where the city of course is still recovering from hurricane katrina, the water is not expected to crest there for another two weeks, but fox s steve harrigan is live year yazoo city, mississippi where some of the worst flooding is expected. hell us what you re seeing today. reporter: i was standing in the front c ....