all right. christine is here. we ve been at it all morning. christine is my cohost on your $$$$$, we re partners in crime here on cnn. we had a lot of time in business news but christina covered derivatives. she understand what s the rest of us are trying to get our head around. we had a bit of a disagreements this morning. it wasn t really but you pointed out, i said what president obama is aiming to do is the biggest overhaul since the great depression of the financial regulatory system. you pointed out that we ve actually had a lot of tinkering with the financial regulatory system. none of it has been to enhance it or enhance the rules. mostly it s been stripping rules and regulations away. right. deregulation. you will hear people talking about sarbanes-oxley after the ten ron crisis and the corporate crimes in 2000 and you will hear
this company was at the core of these investments and was even bailed out by the government and paid back its bailout but seemed to be so quickly making money again when the rest of the country was reeling. so, this is not the last chapter in the goldman saga, i would say. thanks to both of you, we ll continue covering the story on cnn. we ll get to the bottom of it. cnnmoney.com will have more information. christine, allan, thank you very much. we re getting a preview of what the supreme court battle will look like for a new judge. president obama s nominee to the highest appeal court, the gentleman you re seeing walking down the hall shaking hands, he s not the top choice for republicans. they ve had some choice words for him. today, much ado about goodwin liu and we ll tell you why next. get inside each. and see what you find. if perfection is what you pursue, this just might change your course.
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bring you up to speed on the top stories here at cnn. housing kruing construction. the commerce department says it jumped 1.6% all because of a big surge in multi-family homes. new construction on single family homes slipped a bit but permits were up. as we ve been reporting the wall street investment firm goldman sachs is accused of selling mortgage-backed securities that essentially were set up to lose money. allegedly the deals were put together in part by a hedge fund that was betting against them. the feds say investors who bought them lost a billion dollars. goldman says the charge is unfounded. former charter jet pilot who dubbed himself prozac pilot to raise awareness of depression.
also be taught to cook. ten recipes to save their life. people talk about childhood obesity a lot. you know, president clinton has looked into this, obviously. a lot of organizations have tried to address this. i got to tell you, everyone here at cnn, we really have taken this on as well. it seems tough. it seems tough because people don t want to listen. they all know a lot of stuff that you re saying. how first of all, why do you think you re going to get through and how do you do it? being a foreigner in this country having a totally clear, unbiassed opinion of anything, you can kind of walk into a situation and evaluate it. what i m getting from people is they do want help, they just want quick, easy and be shown clearly how to do it. perfect segue. you called yourself an outsider. coming to the united states, looking in. again, if people want to do the right thing, want to do right by their own bodies, their children s bodies, who is wearing the black hat in all this? is i