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Freddie mac, six of them, three from each company including the former ceo of fanny mae, dan mudd and the former ceo of freddie mac dick siren here over subprime mortgages over things they wrote in 200 fix, 2007, 2008. these executives made lots of money. the securities and exchange commission now suing them and saying basically they defrauded investors here and they say that the fannie and freddie executives told the world that their subprime exposure because substantially smaller than it really was. these were material misstatements of the company's finances back at that time and these execu...

the release last year from a scottish prison of convicted terrorist abdelbaset al megrahi who was serving a life sentence for his role in bringing down pan am flight 103 over lockerbie scotland in 1988. 270 people were killed, 189 were americans. today, cameron strongly condemned the release of al megrahi who was allowed to return to libya on the basis of compassion. he was supposedly near death from cancer but a year later he's still alive. >> releasing the lockerbie bomber and mass murderer of 270 people, the largest act of terrorism ever committed in the united kingdom, was comple...

from cbs news world headquarters in new york, this is the "cbs evening news" with katie couric. >> couric: good evening, everyone, president obama welcomed britain's new prime minister to the white house today, but there wasn't much time for pleasantries. there's a bit of tension between the two allies, in part because of the b.p. oil spill, but also because of the decision last year by a scottish court to release a libyan terrorist. and questions about the role b.p. might have played in that. chip reid is our chief white house correspondent. chip, the president and the prime ministe...

turin on "the kudlow report" mr. market keeps voting for economic and financial recovery as the dow hits 11,000. and ten reasons the v-shaped economic recovery is real. we'll go kudlow one on one. plus thomas hone ig is a new fed superstar, who wants to prevent another financial bubble. how about cowboy monitorism? i'll tell you what that means later on. finally dan mudd is grilled by the financial crisis commission. i have two ideas -- privatize them or privatize them. our dynamic duo will debate. fast been your seat belts. "the kudlow report quest begins right now. . welcome b...

>> i'm michelle caruso-cabrerra live in whistler. lots of drama on the slopes when it comes to the olympics but financial drama off the slopes, as well. whistler blackcomb could be in foreclosure before the end of the week. the story in a few minutes. back to you guys. >> thank you very much. shares of toyota getting dented again. the ceo says he's not coming to america. more models headed to the shop. steering problems the latest issue on the corolla. is this a brand in freefall in the stock down nearly 18% since all the recall stuff started a few weeks ago. here's phil lebeau to ta...