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Criminal charges against the bank. it was widely expected precursor to a deferred prosecution agreement under which the bank would pay $1.9 billion to resolve money laundering charges. some background on a few of these countries designated state sponsors terrorism. >> this morning the number one story days this live action that is playing out in lansing, michigan. you see union supporters chanting an in the say the capitol, so reminiscent of what we saw in wisconsin as they battled the unions in their state. michigan has long been a very solid baston of union support and companies with all the...

Not pay dues to that union. a historic moment in the state of michigan. here is a bit of the sights and sounds of what is happening there on the ground right now. >> we will lose our union power, what little we have of those here in our state and wages will go down, benefits will go down, it's going to hurt small business, local business, it's just going to hurt michigan. martha: those are the concerns of the folks outside the capitol there. as you know the governor feels very differently about what the impact will be on the economy in michigan. we will take a quick break and be right back wit...

In the 1960s. these numbers have been slipping away all across the count re, rile. and in october of this year the unemployment rate in the state was 9.1%. in 2009 it was 13.6%. you can see that the employment number has improved, the union numbers have dropped in the state of michigan, and it is really an important conflict going on there. >> reporter: advocates of right to work say over time it improves wages as well, and businesses are a lot healthier, arguably, because they are not burdened with these very onerous pension and healthcare for life obligations. martha: in the public unions yo...

Effect across the country. this is the 24th state that has right to work, so you will have other states looking at the michigan model which a lot of people are going to pay a lot of attention to. >> debbie, you know the auto industry very well. you used to work in the auto industry. did management push this, because management has successfully gotten give-backs from the union, and together they have, as you point out, worked with the government to revive the auto industry, so why is this the right time to do this? >> well, i got to be very careful here. the auto industry has made it very clear...

Happens with the economy and the next year and a half. if it improves, you can imagine the republicans and the business community could be saying, look, right to work certainly hasn't hurt our ability to recover economically. if it doesn't, you will find the unions and democrats saying, look, rick snyder came in to office as governor in 2011 promising to reinvent michigan and turn it around. it is not any better than it was and now shoved right to work down our throats so we have to wait and see and takes a long time to determine. >> all right. bill, thank you so much for your insight. i know ...