the fec didn't just do this on their own, shep. they still had to go to congress to get the authority to get this rule in place. >> they got it trace gallagher in l.a. thank you. a freak accident today in new york city a horrifying one. a woman is dead tonight in an elevator accident it happened in midtown manhattan right around the corner and office tower from us. police say fire -- police and fire officials say apparently the victim's foot or leg got caught in a closing door somehow. the elevator shot up suddenly and dragged her with it her body crushed between two high rise floors. two other people on that elevator were not physically hurt but they went to the hospital for testing for possible psychological trauma after what they had just seen. a new study shows more teens claim they are smoking pot because they don't think it's as risky as the other drugs. that's according to a new survey from the national institute of drug abuse which reports today one of every 15 high school seniors now admits to smoking pot almost every sing

now both fannie and freddie are cooperating with the fec. >> difficulty for the fec was the fact that fannie and freddie are now basically wards of the government and to the extent that they charged them and collect any fines from them, they are simply collecting it from the taxpayers. >> now by the time the crisis hit in full force, shep, 70% of the 27 million shaky mortgages were on the books of fannie and freddie a cost taxpayers will be digesting for years to come. shep? >> shepard: jim angle on capitol hill tonight. thanks. a lot of things have changed because of the financial struggles and crisis which has hit our economy. one is that layaway came back. and a lot of families turned to lay layaway programs to get presents under the tree. now reports of very generous strangers helping out and paying off a layaway balances in stores across our nation. there is one particular touching one that we have heard of. a young father from indiana. he was at the k-mart with his three sons telling the store manager he couldn't afford to pay before christmas. he had on dirty clothes and worn o

you can't terminate the campaign until you meet the fec criteria for doing that retiring your debt and obligations. can get federal matching funds. it can take years to terminate a campaign. bill clinton and al gore's re-election campaign committee from 1996 still active and still filing reports with the fec. >> all right. john roberts live for us this evening john. good to see you. thank you. the rumors are true that the material girl has a new gig. madonna set to headline this season's super bowl halftime show. really? ♪ when your chain of supply goes from here to shanghai, that's logistics. ♪ ♪ chips from here, boards from there track it all through the air, that's logistics. ♪ ♪ clearing customs like that hurry up no time flat that's logistics. ♪ ♪ all new technology ups brings to me, that's logistics. ♪ [ male announcer ] a simple gesture can spark romance anytime. and when it does, men with erectile dysfunction can be more confident in their ability to be ready with cialis for daily use. cialis for daily use is a clinically proven low-dose tablet you take every da

such as mf global which functions in the commodity space than it does in the equity space which the fec regulates that may have been missed. >> is this a failure ofcorporatd that is something we are going to find out. there are plugs that need to occur in the regulatory scheme. my biggest hope is that they should talk to the regulators and figure out what went wrong first. and then back end in what needs to be done. there are a lot of questions being asked and there is going to be accountability. >> a lot more next week when hen capitol hill. we appreciate your insights. >> susie: president obama says he's not giving up on his pick to lead the consumer finance protection bureau. senate republicans blocked richard cordray's nomination today, citing concerns about the agency's powers. they're worried that, without changes, the consumer director would have too much unchecked power over the financial system. president obama says that makes "absolutely no sense." >> i just want to send a message to the senate that we're not giving up on this. we're going to keep on going at it. we're not goi

two guys at the fec and one guy at the white house. man is toast. is he going to be indicted. merry christmas i said to the guy. >> it's been a tough year for many families. let us all remember our many blessings and share some with those in need. merry christmas and happy holidays to all. >> holy night, all is calm, all is bright. merry christmas and happy new year from the did he want. >> happy holidays from foxnews.com. >> and the brain room. >> happy holidays from the business room in d.c. >> happy new year from all of us at the he fox news channel. >> merry christmas from my mom, uncle john and little cousin michael. merry christmas, happy new year and i will see you guys soon. >> merry christmas from all of news washington and happy holidays. love you guys at home and special thanks to military men and women and their loved ones serving all over the world. >> merry christmas and thanks for making us part of your 2011. >> bret: merry christmas from my family to yours. my wife amy and my son dam and son paul. paul, do you have something to say? turn to the camera. >> thank

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in 1996, fec says that $478 million spept on the race. there is a prediction that $6 billion will be spent on the races in 2012. think is bipartisan. you have certainly the support for the super packs, the right came out early. and obama, the white house, the administration said this is wrong. this is wrong. but then, you know, inevitably, priorities is they have their own super packs. >> the money matters. ask tim pawlenty. he ran out of money. he ran out of money early. look at hesrman cain. he ran his entire company for months and months and months spending his own money. so it does matter. it's up to voters to decide if they it mattered too much and skill keep that aside and keet the messages tough. >> i wonder, it's like tax cuts. once the money is in there, it's nearly impossible to get it out. >> when we come back, we'll look back at the week and ask what just happened? that, and also herman cain singing is next. you want to save money on car insurance? no problem. you want to save money on rv insurance? no problem. you want to sav

the fec said it was concerned looking into the matter. a few hours later verizon announced it was dropping the proposed charge, harris. >> harris: let's move on to wall street now. it's been such a volatile year. you and i have talked on air several times about it the markets actually ended up for 2011. >> it has been. the dow jones industrial average finished strong in 2011, settling up about 5.5% for the year. for the s&p 2011 ended where 2011 started. the index finished the year down less than a point. essentially flat. as for individual stocks, the top performers, mcdonald's, ibm, drug maker pfizer, home depot and kraft foods at the bottom of the list. banks had a tough year. alcoa, hewlett packard and jp morgan chase, haste. >> harris: you might have to break out your crystal ball for this one. give us your best estimate of what investors can expect for the new year. >> i will point to analysts here. they have a variety of predictions. one certainty continued questions about europe. the continent has been a drag on the global economy

he is the focus of an fec complaint. three now polls show gingrich's lead lead erased nationally and in a statistical dead heat with romney. i want to focus on the fact that whenever newt gingrich gets into a tight spot he doubles down. and specifically his comments regarding activist judges and questioning the sprageparation powers. how much do you think those comments and evidence that newt has not changed his crazy ways, at the fruit of this slippage? >> i think republicans with asking who is electable. so much of what comes out of newt's mouth becomes a problem for him. he loses so much time. i think there are voters who look at that and say that is not going go the distance against obama. forget it. >> yeah, i think the thing you've got to keep in mind is we are in a republican primary we not in a general election. the position that newly spoused on the judiciary is wildly popular in iowa. >> eiowa. >> yes. but look, you know how politics go. bill can talk about the 2,0 200 race where comments were made by candidate

>> the companies disconnected because of that strong opposition from the justice department and the fec. they agreed with some consumer groups that said allowing the merger of the second and fourth largest wireless companies would reduce competition, raise prices and limit services. but critics said blocking the deal will be the worst for customers. it will be higher prices and actually less competition because you won't have at&t coming in with a new part of its network more efficient forcing prices to go down and verizon, sprint, the nextel system. backing out of the deal at&t will now have to pay team mobile a breakup fee of $4 billion. and at&t, of course, will have to find new ways to improve its network. shep? >> shepard: nice chunk. apple is celebrating a big victory today that has to do with the iphone, et cetera. >> that's right. the international trade commission has ruled in favor of apple in a patent dispute with a smart phone company in taiwan named htc. apple had charged that htc stole some of its technology and htc by the way uses the competing google android software for

>> well, first of all, the fec ruled today, in case you don't know this, unanimously, by the way, that senator mike lee is not allowed to open his super pac within a pac. so that's good news. the bad news is, he can open a super pac outside of that and it can still do what all the rest of the super pacs do, which is funnel unlimited money and go out and spend it like crazy and we can't trace the money. so my question to mr. page is, and first of all, i'm honored to be able to talk to mr. page. the theory that money isn't speech, that's something dylan and i have been working on for almost a year now. how would you -- is your concern that it would get in the way of free speech, ie, from the press, and then the second follow-up question to that is, what's the difference between the "chicago tribune" and a blogger sitting in his or her basement, pumping out information about candidates? what is the difference between that in today's -- in a modern day america, and would that be your concern? >> well, certainly, i'mç concerned about all free speech issues. they're equating money with spe

did we violate the fec rules? they backed off and apologized and said it was wrong. now, those who know coverage, but what the democrats decide the in the fall of 19 95 was they could not defeat the program, but could me. they ran 12 #1,000 negative ads attacks me. if we were clever, i would have immediately filed a countercharge against them for violating and abusing the ethics process, but we thought it would be fair and reasonable. the attrition effect on members of that many ads in that many charges has wore down people, and i gradually lost the ability to lead because, you know, i was ultimately so battered by the process, so what i tell people is look at the record. it's all public record. look at the total record. go to newt.org, my campaign site, and you'll see it, and you make a decision. i found at least in iowa, new hampshire, south carolina, it's not an issue, and people generally are prepared to concede that my record of achievement is vastly greater than whatever scarring the democrats managed to do. [applause] .. for a couple of ingalls. one is i belie

the one big difference is i am sure they have those actions taking place inside of the fec. no commission has taken the action of having four members signed a letter and send it to the white house chief of staff. that is the difference and that is what the chairman has called this meeting. >> i thank the chairman for calling the hearing. i thank my friend for pointing that out. it is important for us to look beyond what we see and consider we have an industry in trouble. wall street will not invest in nuclear power. the nuclear industry came to this government to look for a $60 billion loan guarantee. the industry is in trouble. the commissioners are going to reflect what is going on in the industry. i would expect that what is happening here, that is why we need to look deeper into what we are hearing about the nrc and ask, what is going on with the industry? what do the titans of the industry have to say about the chairman? mr. jaczko, a store reported you -- associated press story reported you were worried that a nuclear plant operators may have become complacent. accordi

they had a dozen federal prosecutors, probably 20-25 fbi, irs and fec investigators working full-time for four years. do we do note and cranny of that company, i suspect if you do that with every corporation you would probably find some things. so enron was -- [inaudible] spent many others are serving time, but might not be. so, you know, enron i think, it did some outrageous things, you know, like -- but more outrageous than some of the other things that went on? i'm not sure. some of the mortgage-backed securities that these companies were peddling were just astonishingly bad. so i don't know. i mean, i'm not sure what lessons to draw from that but certainly enron -- [inaudible] >> you said it was certainly, a formative experience. looking back on a 10 years from now, what comes to mind? what's the sort of, what's your take away from this whole chapter? >> there are a couple of lessons and again it was a lifetime or to a career's worth of expensive pressure put of time, but i would have done it again to go such an amazing expense. i would've taken notes and written about. i would've

does the fec has a -- does the sec have an opinion on how they could determine exactly which public companies could have their trading affected by members comments and how would you determine this? >> in a typical insider-trading case, that really speaks to the issue of materiality. was the information's as defined in the car lot -- >> let me interrupt you. with regard to section 3 of the stock act, which is if i go out there in front of the microphone and tv and tell them what bill i am contemplating to push through the floor of the house? >> well, if that is all that you did as part of your congressional duties and acted in good faith, i think it would be a difficult case to make from an insider-trading point you, particularly as you disseminated the information broadly to a wide audience. let me clarify this. section 3 states that a member or employee shall not disclose material nonpublic information relating to any pending or prospective legislation action relating to any publicly traded company if that member or employer has reasonably that the ever mission will be used to buy or sell. a

did we violate the fec rules? they backed off and apologized. those that either know coverage or page 63. what the democrats decided in the fall of 1995 was they could not defeat our program but they could defeat me. they ran 121,000 ads attacking me if we had have been clever i would have immediately filed a counter charge for violating and abusing the process. we kept thinking this would be fair. the attrition effect on your members of that many ads and charges has wore down people and i lost the ability to lead because i was ultimately so battered by the process. so what it tell people is go look at the record. it's public record. you look at the total record. you can go to newt.org and you make a decision. i have found so far at least it's not much of an issue. i think people generally are prepared to concede that my record of achievement is vastly better than whatever scarring the democrats have managed to do. >> pleek, i'm an entrepreneur from houston, texas. yesterday, president obama gave one of those two plus two equals 563 speeches. he