Page 204 - Execs News Today

Start with congressional correspondent brianna keilar on capitol hill. brianna? >> back on the hot seat for a second day in a row, bp and other top oil execs. this time theyre before a house committee that has promised a scathing and blistering report and investigation into the gulf oil disaster. could the effects of the bp oil spill in some ways ultima ultimately be even worse than what followed the "exxon valdez" spill? im josh levs and ill have that for you at the top of the hour. okay. a...

Right now, tough questions for big oil. top execs in the cross hairs on capitol hill and pointing fingers at each other. in the gulf, it is no longer a question of when the spill can be contained, but if at all. now, president obama is casting a wird net for a solution. >> hes called secretary chu in to gather up the best minds in the country and world beyond bp to determine whether theres any alternatives bp has not looked to in order to be able to determine how to contain this spill. >> afghan...

Mistake was in picking ken salazar for secretary of interior. i mean, salazar has a deep, deep connection to the offshore oil drilling industry, and since coming in as secretary of interior, he has done everything possible to push for more expansive offshore drilling. so yeah, he has culpability there. but ill tell you what, the president is certainly not responsible for reviewing drilling plans in the gulf, he is not responsible for determining whether the laws are followed down there. that is ...

Mistake was in picking ken salazar for secretary of interior. i mean, salazar has a deep, deep connection to the offshore oil drilling industry, and since coming in as secretary of interior, he has done everything possible to push for more expansive offshore drilling. so yeah, he has culpability there. but ill tell you what, the president is certainly not responsible for reviewing drilling plans in the gulf, he is not responsible for determining weather t determining whether the laws are followe...

The agency hasnt developed a rational plan. >> doesnt the buck stop with the president to use the oldest of the cliches? anything the secretary of interior brings to the table, that is the presidents choice, is it not? >> partially, yeah. i do think that obamas first mistake was in picking ken salazar for secretary of interior. i mean, salazar has a deep, deep connection to the offshore oil drilling industry, and since coming in as secretary of interior, he has done everything possible to push f...

Disperse the oil. >> reporter: will the containment dome be in place soon? >> theyre in process of shipping it out and well have it starting to get on location over the weekend. >> reporter: will bp pay the full cost of the cleanup? >> we said well pay all legitimate claims. thank you very much. >> reporter: what does legitimate mean? the ceo, listen to that, legitimate, what does that really mean? we dont have a definitive answer. thats also the line were hearing from the vp on the hill as well...

President, you just saw a picture of him there, dave nagel, who is the evp of bp america. he was before the house energy and commerce committee along with executives from halliburton and transocean, and we caught up with him right afterward. this was a closed hearing, wolf, so we didnt get to sit in and see exactly the q and a between the lawmakers and the execs, but democrats and republicans said that they were very unhappy with what they heard, that they didnt hear enough, they didnt get defin...

Along party lines to file those civil charges, and some republicans are now questioning the timing of the criminal and civil investigation. they say it was designed to coincide with really an overhaul call for a broad change in financial legislation. and if past experience here is any guide, as i just said, the government could have a really tough time making its case. you might recall last move -- november, two bear stearns execs were accused of lying to investors, they face criminal charges an...

Street feshior thats resulting here in -- fervor thats resulting in nothing short of a witch hunt. they had a rally on wall street, demanding big wall street firms be held accountable for the recent economic crisis, furthermore the sec vote was 3-2 along party lines to file civil charges against goldman. and republicans now questioning the timing of the ungoing investigations, saying that they were timed to coincide for an overall call for broad legislation overhaul. and another thing to keep in...

Investigation, that was the one that was launched two weeks ago by the sec, the securities and exchange commission. remember its their job to be watching whats going on on wall street, and we said quite a bit about that here. so those were the civil charges. now -- and those were in reference to selling mortgage-backed securities that were designed to fail. were that reporter. -- that story. now this, brand new information today, criminal charges. david lee miller is tracking this story in new y...