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that's two months sooner than they had originally planned. now, you know the tradition here. iowa is usually the first state to vote. so it's also thinking about pushing up its caucus. our political reporter, shannon is in des moines for us today. is that going to be the plan? if new hampshire moves up, iowa has to move up. we're talking about december, mid-december, could we go as early as november sthp. >> possibly not november, but definitely potentially december. i have to tell you, t.j., iowa's republican party is not happy at all with what florida is intending to do by holding ...

Goldman sachs has a charge from the securities and exchange commission. we've been reporting on that. that is a civil charge. nobody goes to jail. it's a fine, if they were to be found guilty of that. something has developed on that front. >> something has developed on that front and that is this. numerous reports the s.e.c. has referred this case now to the justice department. so for a criminal investigation, which takes it up a notch, right? a criminal investigation, it's a probe, it's early, it is not charges. it's not guaranteed that it will be charges. but just to let you know this is wha...

That was the trigger that caused the financial meltdown and lawmakers go nowhere but did get their shots in. >> june 22 is the date of this e-mail, that timberwolf was one [ bleep ] deal. how much of that [ bleep ] deal did you sell to your clients after june 22, 2007? >> mr. chairman, i don't know the answer to that. but the price would have reflected levels that they wanted to invest. >> but they don't know -- you didn't tell them you thought it was a [ bleep ] deal? >> no. >> who did? your people, internally, you knew it was a [ bleep ] deal and that's what your e-mail shows. >> you may kno...

That's what's at issue here. >> that's what's at issue with regard to the senate hearing. yeah. the senate is making a big deal over the fact that goldman was able to benefit while the mortgage market was in decline. they made a lot of right bets, they claim that they didn't make all that much and that hey actually lost in this specific deal we were referring to. the s.e.c., you know, they're charging something very different. that fraud charge, that just has to do with omitting information, not telling ikb that mr. paulson and his hedge fund were picking some of the instruments that they woul...

Blame because they changed the laws saying let them do this and then goldman sachs is playing blackjack and 20 and 20 is a push and then the house wins on the push. >> pretty much. the thing to recognize is that it's the search for a villain. after oversimplification of the situation. by goldman betting against the housing market, it didn't make a bad loan, it didn't take a bad loan, it made the wager that the subprime mortgage mess would end badly. that's not what was as stake. the sec's narrow fraud charge against goldman might well end up turning out they can win. who knows. but i don't thi...