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get those busts of rain, rain clouds, at any moment. here at the marina, this is a good example of how much water we have seen. yesterday we were being pelted by lane like you said, jamie and the water line, naturally before the storm hit was a foot-and-a-half lower and you can see, it is all the way up at the dock here and a lot of the debris from the gulf shows the water was up, and submerged the entire parking lot, last night and so what local officials are concerned about is people getting up this morning and seeing that it is a beautiful day, and they should head out and see what some of the damage looks like around their area. but that said, we did see almost a foot of rain here in biloxi. that's a lot of water and there are a lot of trees that have fallen and debris in the roadway and people ned to be safe if they head out today. jamie. >> jamie: what other storm impacts are we seeing? we saw maybe the national guard that was actually involved at this point. power outages, shortages of food flies, what else are you hearing, elizabeth?
efforts? are they getting involved in calling their elected representatives? this is important. >> well, hopefully, after this airs, we'll be able to get a little bit more attention. and, general walsh will step up to the plate and see these levees get under construction immediately. and we won't have to go through it next year. >> jamie: the teams are there and no one would say you are not someone who is trying to make a positive difference and help the people in your community. appreciate your time, this storm, did it end up being as serious as you expected . >> we're not out of woods yet. this morning, 5:30 we got overtopping again and we're putting tubes along the highways, so, it is a lot worse than we thought it would be, because it keeps pounding those levees. and is moving so slow we have several more hours of fighting. >> jamie: all right, slow-moving and you pounding, not good for you or the people in your area and we're praying for you. the president of plaquemines
>> jamie: great to have you back. federal regulators are now suing 17 banks for selling mortgage giant fannie mae and freddie mac nearly $200 billion with a "b" dollars in mortgage backed securities that later soured. the question is, why are they suing now? it is three years after the mortgage collapse. and, it is a time when we're trying to get more banks to lend money. joining us now, managing partner of chadwick capital management and, ed, it is great to see you. >> great to see you, too, jamie, thanks for having me. >> jamie: it feels like deja vu, didn't we already go through this, and why is this government suing now? >> that is a great question and i don't believe it makes any sense with one exception: from a political side. i mean, basically, this is the politically motivated lawsuit and i really believe, jamie, this is another example of pitting main street versus wall street. because it doesn't make any economic sense, it is three years later and that doesn't mean that you know, we should
sorry. >> jamie: you bring up such an important point and may bolster him looking like he's cracking down on these banks and possible corruption or whatever you want to call it. but, you know, in my mind by going after the banks and the fact that it went on for this period of time, if these bank stocks plummet are are hurt the economy and markets will be, too and people are watching those numbers, every day. >> and he's failing on the xha and, he's going to push it to the bank's fault and what else? congress's fault instead of looking in the mirror and see what he can do to develop jobs he's pushing the blame and what will happen? june or july we'll see a settlement, all of the 17 banks will pay money and he's going to be able to sit there politically and say look what i did for you, this person on main street. >> jamie: you report and folks can decide. interesting issue. not only to track the lawsuit
proposing. >> no, he doesn't mince words and let me say, there is a little bit of cheney fatigue because he had a bunch of interviews, selling his book, this week, "in my time" and i promise if you watch the replay at 2:00 p.m. on the channel, or 6:00 p.m., you will see a different dick cheney, a different interview. he talks... very interesting terms about the diminished cloud he had in the second term as the president went the diplomatic route and asked about the push back to his comments from colin powell and condi rice and talk about president obama and hillary clinton and whether she'd be a more formidable democratic candidate than barack obama and talked about mitt romney and rick perry and it is a different dick cheney and i promise you will see stuff and very much enjoy it. >> jamie: chris, there is not much he doesn't talk about with you. i think this is probably his most open interview. he talked about the military strategy and september 11th. he talked about, as you said,
the core projects is just -- it doesn't work and, it takes way too long. we'd much rather see the money flow to the local level and let us build the levees and we can do it quicker and with less money and better because it protects our homes. we have to rethink the way we do business in washington. it us just not working. >> jamie: not only are lives at stake, it occurs to me if you got your hands on the money you could put a lot of people to work. >> absolutely. the local economy, the local contractors and in this case, this morning, we have severe overtopping, we have a conoco phillips refinery that employs thousands of jobs we risk losing. for ike we were several inches away from losing the refinery. and ike hit the other side of the state. and here we are, flood-fighting again, to save jobs, save our highway and our community. on a levee that money sits in the bank to fix. >> jamie: can the citizens of your community help you in your
herman cain and newt gingrich. the candidates will appear individually and answer questions from a panel. >> jamie: what does the senator have to say about the president's upcoming speech? >> reporter: he wasn't very excited. said it probably won't amount to anything. here's what he said this morning. >> i'm frankly very tired of speeches. i don't want to be disrespectful to the president. what i want to see is something in writing. and the congressional budget office tells us what it going to cost so we can read and the american people can read it. speeches are not similar to the actual legislation. i'm frustrated with the speech -- >> reporter: whether he likes it or not, the president his speech thursday. >> jamie: a lot of eyes on that one. >> kelly: you are right, all eyes will be on president obama thursday as he unveiled his big job creation
police say the 17-year-old scammed his way into an i.d. badge at the osceola regional medical center and used it to roam the facility, not for a day or an hour, two weeks and during that time offered assistance to doctors in emergency rooms and performed exams, even -- kelly is laughing. unbelievable. cleaned and dressed wounds and his father said he had no idea what his son was up to, or why. >> if you can come up with a reason, i'm all ears. i am completely and totally all ears. i don't know if i need to get him psychiatric help. i don't -- i don't know. >> jamie: me, neither and i doubt it will help him get into medical school, and according to records all the patients involved did receive the care they needed, and kelly's relieved. >> kelly: i am, indeed. but he wants to be a doctor. on the horizon an alarming terror threat.
do you think they've got it right? >> no. it is misplaced. he was tried scottish law, convicted and released unscottish law. we don't agree. i was extremely angry with it. look at our own judicial system. a lot of people would like casey anthony to be retried again. but we have a system. politicians are doing it for their time on fox news. i would say to senator schumer and others and particularly republican politicians, stay focused. you've got the big fish now, take credit for it. get gadhafi he's the one behind this whole thing. >> jamie: burden, interesting always to speak to you. we feel for your loss and all of those impacted by this event. we will follow it until you receive the justice that you deserve. thank you. >> kelly: the u.s. jobs market on the ropes in august. employers adding no new net
two big partners in the war, which are qatar and the united arab emirates, we could establish linkages with the military and police forces and what the obama administration should do, unfortunately is not doing, should unfreeze the funds that qaddafi stole and have financial institutions in the u.s., $30 billion, and more, so far the administration has only been able to unfreeze $1.5 billion and they thought a permission slip from the u.n. to do that. another one of these instances, where washington is looking for an excuse to breathe life into the u.n. and give them the money they need to run libya. >> kelly: very understandable, appreciate your comments, especially on this important topic in terms of the future of libya. thanks. jamie? >> jamie: it is a big week for the president, because major test is really afoot. intense focus, right now, probably even in your home. about his upcoming jobs speech. the pressure is mounting, for him to deliver results.