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stock by corporate insiders who have access to nonpublic information that could affect the stock price can be a criminal offense. just ask hedge fund manager roj roger rat number who got prison for doing it. congressional lawmakers have no corporate responsibilities and have long been considered exempt from insider trading laws. even though they have daily access to nonpublic information and plenty of opportunities to trade on it. >> we know that during the healthcare debate, people were trading healthcare stocks. we know that during the financial crisis of 2008, they were getting ou...

>> the buying and selling of stock by corporate insiders who have access to nonpublic information that could affect the stock price can be a criminal offense. just ask hedge fund manager raj, who got prison for congressional lawmakers have no doing it. corporate responsibilities and have long been considered exempt from insider trading laws. even though they have daily access to nonpublic information and plenty of opportunities to trade on it. >> we know that during the healthcare debate, people were trading healthcare stocks. we know that during the financial crisis of 2008, they we...

on this? >> it's the way the rules have been defined and the people who make the rules are the political class in washington and they've conveniently written them in such a way they don't apply to themselves. >> the buying and selling of stock by corporate insiders who have access to nonpublic information that could affect the stock price can be a criminal offense. just ask hedge fund manager raj, who got prison for congressional lawmakers have no doing it. corporate responsibilities and have long been considered exempt from insider trading laws. even though they have daily access to...

Housing market so hard working americans like us don't lose our homes. >> we have more work to do. we are trying to expand it to reach more people. >> reporter: millions of homeowners are under water in properties. a nationwide survey from zillow.com shows first quarter home prices declined 3%. the sharpest drop since 2008. they say so far the administration helped grant nearly 4 million loan modifications for homeowners but admits the market remains fragile. >> there are encouraging signs and signs of caution. we have accelerating job growth. that should help the housing market lift. the issu...

things. floods from the mississippi river are heading their way. mandatory evacuations are in parishes. they are from the spillway. four flood gates are open to divert the mississippi floodwaters from baton rouge and new orleans. ed is joining us there. ed is at the scene for me. are a lot of people panic stricken? >> i think a lot of people knew it was coming, quite frankly. we are in the town cross springs, which is downstream from the spillway opened up yesterday afternoon. really, what's happening here is there's a massive levee system following the river down to morgan city. wha...