get those busts of rain, rain clouds, at any moment. here at the marina, this is a good example of how much water we have seen. yesterday we were being pelted by lane like you said, jamie and the water line, naturally before the storm hit was a foot-and-a-half lower and you can see, it is all the way up at the dock here and a lot of the debris from the gulf shows the water was up, and submerged the entire parking lot, last night and so what local officials are concerned about is people getting up this morning and seeing that it is a beautiful day, and they should head out and see what some of the damage looks like around their area. but that said, we did see almost a foot of rain here in biloxi. that s a lot of water and there are a lot of trees that have fallen and debris in the roadway and people ned to be safe if they head out today. jamie. jamie: what other storm impacts are we seeing? we saw maybe the national guard that was actually involved at this point. power outages, shorta
efforts? are they getting involved in calling their elected representatives? this is important. well, hopefully, after this airs, we ll be able to get a little bit more attention. and, general walsh will step up to the plate and see these levees get under construction immediately. and we won t have to go through it next year. jamie: the teams are there and no one would say you are not someone who is trying to make a positive difference and help the people in your community. appreciate your time, this storm, did it end up being as serious as you expected . we re not out of woods yet. this morning, 5:30 we got overtopping again and we re putting tubes along the highways, so, it is a lot worse than we thought it would be, because it keeps pounding those levees. and is moving so slow we have several more hours of fighting. jamie: all right, slow-moving and you pounding, not good for you or the people in your area and we re praying for you. the president of plaquemines
jamie: great to have you back. federal regulators are now suing 17 banks for selling mortgage giant fannie mae and freddie mac nearly $200 billion with a b dollars in mortgage backed securities that later soured. the question is, why are they suing now? it is three years after the mortgage collapse. and, it is a time when we re trying to get more banks to lend money. joining us now, managing partner of chadwick capital management and, ed, it is great to see you. great to see you, too, jamie, thanks for having me. jamie: it feels like deja vu, didn t we already go through this, and why is this government suing now? that is a great question and i don t believe it makes any sense with one exception: from a political side. i mean, basically, this is the politically motivated lawsuit and i really believe, jamie, this is another example of pitting main street versus wall street. because it doesn t make any economic sense, it is three years later and that doesn t mean that you know,
sorry. jamie: you bring up such an important point and may bolster him looking like he s cracking down on these banks and possible corruption or whatever you want to call it. but, you know, in my mind by going after the banks and the fact that it went on for this period of time, if these bank stocks plummet are are hurt the economy and markets will be, too and people are watching those numbers, every day. and he s failing on the xha and, he s going to push it to the bank s fault and what else? congress s fault instead of looking in the mirror and see what he can do to develop jobs he s pushing the blame and what will happen? june or july we ll see a settlement, all of the 17 banks will pay money and he s going to be able to sit there politically and say look what i did for you, this person on main street. jamie: you report and folks can decide. interesting issue. not only to track the lawsuit
proposing. no, he doesn t mince words and let me say, there is a little bit of cheney fatigue because he had a bunch of interviews, selling his book, this week, in my time and i promise if you watch the replay at 2:00 p.m. on the channel, or 6:00 p.m., you will see a different dick cheney, a different interview. he talks. very interesting terms about the diminished cloud he had in the second term as the president went the diplomatic route and asked about the push back to his comments from colin powell and condi rice and talk about president obama and hillary clinton and whether she d be a more formidable democratic candidate than barack obama and talked about mitt romney and rick perry and it is a different dick cheney and i promise you will see stuff and very much enjoy it. jamie: chris, there is not much he doesn t talk about with you. i think this is probably his most open interview. he talked about the military strategy and september 11th. he talked about, as you said,