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more than a decade. the economy has added jobs. that's the most important thing, for 17 straight months. more than two million jobs in the last year alone. so there are real signs the economy is improving, but gas prices have been soaring. the cost of living rising. the most in more than ten months. some americans may be feeling left out of this economy. diane swonk, diane, as gas prices have increased, the president's approval rating has decreased. i'm not one to make direct correlations, but there's been really nothing else that might have caused this. there's a clear breakdown bas...

Goldman engaged in fraud essentially by deceiving investors and playing two hands. here is exactly what happened. this all involved mortgage-backed securities, investments in mortgage-backed securities and an investment pool put together to track a group of these mortgage securities, okay? so on the one hand goldman put together investors. now, they were buying into this investment based on the mortgage securities in subprimes, not high-quality mortgages, okay? on the other hand, goldman also was doing business with a giant hedge fund, paulson & company, and that firm was actually betting agai...

Fraud. >> where are we in this as we know? the sec has filed charges. the sec charges are civil charges. they're not criminal charges. >> that's right. that's all sec charges are civil charges. the sec has no criminal jurisdiction. this has just come out, just came out on friday. but clearly a very big embarrassment for goldman sachs which has been saying we did nothing wrong. as a matter of fact, have a look at "businessweek" from just a couple of weeks ago. in this issue, goldman says, hey, you know, we've gotten a lot of blame for the collapse of the housing market, for the aig problems, fo...

Criminal charges? >> yeah, they have no criminal jurisdiction. this just came out on friday, but clearly a big embarrassment for goldman sachs, and they are saying we did nothing wrong. in this issue, goldman says, hey, we have gotten a lot of blame for the collapse of the housing market and aig problems and being in bed with aig, and we were just doing business and did nothing wrong, and the scc now begs to differ. >> and on a lot of fronts, that's true, they were doing business. and this is different and it's not business as usual? >> yeah, the scc is saying, look, you cannot tell your inves...

This all involved mortgage-backed securities, and investments in mortgage-backed securities in an investment pool put together to track investment securities. on the one hand goldman put together investors. they were buying into the investment based on the mortgage security in subprimes, and not high quality mortgages, okay? and then on the other hand goldman was doing business with a giant hedge fund, paulson and company, and that firm was betting against some of the securities. goldman told the investors that a third party was picking the mortgages in the investment, while in fact paulson, w...