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from the summer break. president obama has actively been meeting with some to create a plan. the question is how specific will it be and will it help? white house officials tell us it's a work in progress, and will include tax cuts and infrastructure ideas that could create jobs, and measures that target unemployed, and struggling economic sectors. they say the president is working on a debt reduction proposal and will present the so-called super committee, and as you know it's the 12 lawmakers tasked with cutting trillions from the federal deficit. their plan is due at the end of no...

Seem to have been trying to clear out their remaining inventory, the day-old bread, the bread that they knew they wouldn't be able to offload as the crisis was knocking at our door. >> so this all comes down to one big question of what did the banks know and when did they know it and who did they tell. >> absolutely. >> so what we have to do here is just trace the information they had, their knowledge, what they had up here, about how bad these loans were. >> now, isn't it shocking to you, eliot, that here we are almost four years after the crisis has begun? there hasn't been a single credible...

minutes. a prison official reportedly ordered the suicide watch as a precaution. powerful reaction from his angry defenders and fans and from the alleged victim. first a look at the other stories we're drilling down on tonight. the nba is a tough game. >> look at that. >> but the tough es guy in the league may never have scored a point. the guy in charge of the phoenix suns comes out of the closet and into the arena. and want to take on the bad guys? ask a new york attorney general. no, not that one. the new one. that may be the only way to get the wall street banks who thought they ...

Now, and everybody understands a what's involved in that process and then there's a second group out there, which is the-- >> consumer financial. >> consumer financial protection bureau, that's right, state attorney general and others who basically are saying to the occ and the fed, well, forget that process, we want to go to the banks and basically squeeze money out of them and we want to squeeze a lot of money out of them. 25 billion dollars. >> and that's in negotiation now. and i gather that's to shut down the foreclosure process. >> completely, there's basically a foreclosure moratorium a...

And try in its various cockeyed ways to try to staunch the fall, it's unfortunately going to make the problem worse. >> there's another way the government is affecting the market now, i think, which is that there's a big fight over mortgage foreclosures, the government accuses the banks of having been unfair to home owners who are some of whom are underwater and in the foreclosure process and trying to get a settlement from the banks of about 20 billion dollars. what impact is that having on home prices? >> well, there are actually two groups in government that are approaching the banks, to tr...