but the elite hank paulson hank get a seven hundred billion in the market gets it paulson says boy oh boy we're just seeing what he's had to go to the people of chicago this is your exactly max hank paulson you know moved to chicago he's back in chicago and i know it is boxing day the day that traditionally the elites go around the city and give all the minions the peasants you know presents and here i think this could be him woman attacked in chicago by a man with a sock full of human crap the woman who is a twenty year old woman she said he had a sock full of his poop on me it was everywhere on my face my hair my clothes. hank paulson in chicago he's filling in stocks which are probably brooks brothers or armani with his own poop and he's riding the subways battering people with that so he could be the next tony twenty two of it could be paulson twenty thirteen inject some bass ault's and go slap people in the face with a sock filled to bad things actually but remember in the testimony before the senate committee about their fraudulent cabos that goldman sachs lloyd blankfein he sai

hank paulson in chicago he's filling in socks which are probably brooks brothers or armani but his own poop and he's riding the subways battering people with that so he could be the next tony.

it is not expected to be the downpour like last week, meteorologist steve paulson will be here to tell us about that. >>> the district attorney's office is investigating two separate police shootings, the lastest hatched last night at a gas station near 880 in el cerrito, officers were called there at 6:40 and saw a man pistol-whip a woman, two officers opened fire, the suspect was taken to the hospital where he was reported in critical condition. no one else was hurt. >>> authorities have released the identity of a 22-year-old man shot and killed by walnut creek police officers yesterday morning. the officers said anthony banta, jr. was armed when they responded to a 911 call at the diablo point apartments 3:30 thursday morning and had no choice but to shoot him. he was pronounced dead at the scene. the officers are on paid leave while the investigation goes forward. >>> san francisco police are looking for a man who broke into a home in chinatown and groped a woman while she was sleeping. it happened around 2:00 yesterday morning in the woman's home at that time jackson and powell st

we said this was after he made a deal with john paulson the hedge fund manager and lloyd blankfein they had a meeting with happened rails in greece right before the collapse and before the redo the lao them to have the referendum to vote against the troika coming in just in their country we said that there was a huge payoff for this turns out say five hundred fifty million euros now discovered in papa jails mom's account and get in here you have a black hole of debt in the government finances of athens of greece and that was caused by the black hole of debt in goldman sachs's bank account in their accounts so that was go the greece is a black hole of debt because of goldman sachs's black hole of debt and here and radio was saying there is no alternative the population of greeks all you greek people you have to give us your money you have to have austerity we have to take all your wealth put it into this black hole of death in the meantime his money his wealth was safe in these mountains of switzerland his mother's wealth and you know you've seen journalists there in athens in greece try

. >> and mark is here for steve paulson. >> today we get a break and we can go outside without the umbrella and temperatures are off to a cool start, it is only 30 here but let's keep our eyes towards mendocino county, we could have a few showers towards ukiah. skies are becoming partly cloudy and we will look at the forecast highs in your neighborhood and we will break down your next shower chances and right now we will check in with tara, good morning tara. >> good morning, right now we are going to take a live look on the east shore freeway and 101 san francisco same story, traffic is moving well as you make your way towards the airport. let's head back to the desk. >>> police are at the scene of an officer involved shooting in walnut creek. it happened in the area of creek side drive near interstate 880, christian captain arrived on scene, what do you know? >> as you said, this was an officer involved shooting. >> reporter: you can see heavy police presence and we have seen at least a dozen cruisers from walnut creek police and sheriff's office -- the sheriff's office out here and we ha

not only a good proxy for metal which paulson is also in but paulson uses gld to put his investors into gold shares as a currency. one upside for him is that investors have the option of using gold shares for any of his funds that they want to. so about half of his advantage investors do that and they are performing significantly better than those in u.s. dollars, which are the results we just shared with you. >> what's the future for paulson? as you pointed out, another bad year after what were some very good ones, let's not forget. he's probably lost more money than he's made as a hedge fund manager when you take the total given how big he got and what he loss since then. his own money and his employees. >> that's a very good question, david. i think paulson definitely has a lot of money invested in these funds. so there certainly is a stable capital base there. in terms of how much he's made and lost, he was about north of 38 at his peak and now closer to 20 or a bit under 20 based on this current month. it's a big down tick. if you were in the advantage funds early on before the sub

steve paulson joins us in ten minutes to tell us how long this chilly weather will remain in the area. >>> oakland police are checked to release the name in the shooting death of a 15-year-old gill. the teen was running with friends yesterday afternoon when a gunman opened fire on the group. a 14-year-old boy was also shot. he ran a full city block and hid until police arrived. police have been reviewing surveillance video and interviewing witnesses in hopes of identifiy the suspect. >>> san jose fire investigators continue to look for a cause in a fatal fire that claimed the lives of a young girl and her grandparents everyone the fire broke out late knight in a second floor apartment on bridgeport court in west san jose. the 5-year-old man, his wife -- the 56-year-old man, his wife and daughter died in the fire. the fire damaged several other units. the fire displaced dozens of residents who are now receiving assistance from the red cross. >>> a natural gas line burst outside a home thats with on fire. the gas leak sent flames shooting into the air on athens street around 1:00 this m

. >> good morning, i am pam cook, let's get to steve paulson for the weather. >>> today will be a very chilly day and we are struggling to get above 54, here is sal. >>> we are looking at80 westbound which a decent drive all the way to berkeley. we have been following 101 traffic approaching the 880, we have a fatal car crash. let's go to tara moriarty. >> reporter: two cars were involved as well as a smaller sedan and a couple, a man and woman were driving in that sedan and were rear-ended by the suv. it is believed that the sedan was driving at a slow rate of speed and we don't know if that contributed to that accident and the women in the sedan is dead and it happened at 330. can you tell me if you know anybody who was involved in this crash. >> it appears they were coming down on the bridge and was rear- ended by a much larger suv. >> reporter: did drugs or alcohol play a factor or anything like that? >> right now the sobriety -- sobriety gives no indication of whether it was a factor. >> reporter: how long will the bridge be affected? >> like you said we are hopping to have more a

they kept calling treasury secretary paulson say in what is up? are you behind fannie and freddie or not? because hardly tell china to jump into the south china sea because they were our biggest creditors. by mid 2008 the game was over. the treasury had to coming and provide huge infusions of money. so far this cost $142 billion. fannie and freddie were under the thumb of their regulator, edward demarco, a no-nonsense fellow who promise to shrink gradually and reduce the independence of the housing market gradually. meanwhile we are still relying on fannie and freddie to provide funding for most mortgages. annie, freddie and the f h a have accounted for 90% of u.s. home loans. eventually congress will make a fundamental decision about what kind of mortgage market we will have. it will go back to trusting the free market or have some kind of government mechanism in place to insure that home mortgages can always be affordable? i submit that the historical record of the past 70 years suggests when a comes to housing congress will have a hard time tru

we are affecting a rather large tide surge and of course steve paulson will have more on that. >> governor jerry brown's office said he will continue to work a full schedule until he receives treatment. he has been diagnosed with early stage prostate cancer. governor jerry brown did not reveal anything about his sickness. >> he was as he always is, vital and vibrant and one would have never known for a moment that there are health issues going on in that 74-year-old body. >> he said the prognosis is excellent and the treatment will be completed the week of february 27th. >>> on our website, you will be the full statement overnight. >>> a man was hurt by a bike after being hit by. >> street sweeper. it happened on 5th and brandon streets. his injuries are not considered to be life-threatening. >>> time now 4:32, a seven hour lockdown was lifted as police ended their search for two robbery suspects. they were asked to leave their dorms and officers asked kids to stay put on campus. the suspects were not found. the lockdown came after a police chase that spanned three counties. the suspects w

the advantage plus fund managed by john paulson is facing a tough year. the top performer. let's bring in anthony from sky bridge who joins us on the fast line from brazil. it is always great to speak with you. >> hi, melissa. i'm learning portuguese is different from spanish. on the question of hedge fund redemptions we think they are over. the blow up redemptions the people that are worried about taxes going up next year they seem to have passed, as well. the long exposure has gone down from say plus 50% net long to down about 30. that is primarily because people are worried about the fiscal cliff. we don't think that the outcome is completely negatively priced into the market. that is more or less where we stand on that. i do think that there is a couple of great trends for next year which includes europe with the recovery there as it relates to corporate restructuring and banks selling assets. and we also think that there will be funds like john paulson's recovery fund to do well. >> as we head into the end of the year, is there no chase per performance? is there no pre

the networks at cnb have been reporting about the paulson fund, which unfortunately people have been front-running him, which, in their purview, they can do that. they think he's getting liquidations and he's probably taking some pain because of that. people have been trading ahead of that. i still strayed on the range. 162 on the seller of puts. 168 on the seller of calls and i've overall moved to the agu, durable silver etf. i've been doing that one because you get more bang for your buck over there. it's a lot more volatility. >> let's head to the devg and take a listen from courtney. >> this company can't seem to get out from underneath itself some days. yesterday we know that reed hastings and ceo received a notice about a posting that reed hastings made on his facebook page that they receive add billion for the first time ever in the month of june. he says, hey, i've got 200,000 to look at this. i say that's public. what do you think? >> everybody was glowing about the company, right? >> it doesn't change my opinion of what i said yesterday. i believe now you have a put placed

paulson. >> (singing) you asked me if i knew my city event was true and i of course replied when you take an exhausting ride, smoke gets in your eyes. and i said some day we'll find a city that really shines and then i applied when you -- this clean air is mine don't let smoke get in your eyes. then some day we'll find a city that really shines and then i of course replied when a city dies smoke gets in your eyes. don't let it get in your eyes and i really wanted to shine and it's going to be divine, smoke gets in your eyes. don't let it. >> thank you. mr. acosta if there's anyone else that would like to speak, we're going to close public comment right after this. >> i commend you for taking the time to put this resolution and this ordinance. now, while one gentleman said he was against it, our good friend, ernestine weiss, was in shock somebody could say something like that. but that's what happens in san francisco, we allow people to express themselves. that's their prerogative. but to the young people here, and that's the way to do it. we have to leave a legacy that our young peop

. >>> steve paulson is back in a few minutes to tell us when we should get our umbrellas out. two and a half minutes from now, more of this dramatic video as a mudslide hits the moving train. [ female announcer ] here's to a whole world of happier holidays. time to enchant, delight and amaze. safeway will help you gather everyone round. a smoked, shank half ham is only 99 cents a pound. get breyer's ice cream for $2.88 and dessert will surely shine. make it a grand finale with starbucks just $6.99. turns out this season less is really so much more. so make your holiday merrier than ever before. safeway. ingredients for life. so make your holiday come pre-filled with problems. enough is enough. introducing the chase liquid reloadable card. with chase liquid, there's no waiting and no fee to activate you can load cash and checks at any chase depositfriendly atm and there are no withdrawal fees at over 17,500 chase atms all for one flat fee of $4.95 per month. get rid of prepaid problems. get chase liquid. >>> there's some incredible video of a mudslide hitting a move being train

meteorologist steve paulson is here with what you can expect. >>> software company founder john mcafee is back on u.s. soil. what he is saying he left behind in belize. [ singing christmas carols in background ] aunt sally's singing again. it's a tradition, honey. [ singing christmas carols ] mmmm. [ female announcer ] make new traditions with pillsbury grands! cinnamon rolls. [ female announcer ] holiday cookies are a big job. everything has to be just right. perfection is in the details. ♪ get to holiday fun faster with pillsbury cookie dough. >>> the london coroner's office is revealing new details on the nurse who took the hoax call but the dutchess of cambridge, the coroner reports the woman was found hanging from a scarf on a wardrobe door any room where she stayed near the hospital. police say three notes were found in the room and there were no suspicious circumstances. saldana was found by a member of the security staff at the hospital on friday. >>> anti-virus software company founder john mcafee now says he is broke and has nowhere to go now that he is here in the u.s. he

. >> if you look at paulson, it's another year of bad performance. they're pulling money out. he's one of the biggest holders of gold. i would guess that he's probably selling and pressuring the market. others are following suit. so to me you can't trade gold, as squoe says, it's an emotional trade, no real way to pay the intrinsic value. i stay away. >> a good point you bring up about mr. paulson, obviously don't know what he's doing with the position that he is known to have in gold but, nonetheless, it's a good point. still to come, we tackled three stocks trading near 52-week highs and whether it's time to cash in your winnings but, first, he's considered a raging bull on wall street, why that guy right there, barry bannister beliefs the s&p 500 is on the cusp of 1600. you heard that right. and ethan allen is cliff proofing its stock by offering a special dividend. is this the best use of the company's capital? we'll ask the ceo when we come back. >>> we're halfway through the trading day. next, the island reversals, the breakouts, and breakdowns in pops and drops. plus, t

they kept going up paulson and saying what's up? are you behind fannie and freddie or not? we can hardly tell china to go jump in the south china sea because they were our biggest creditors. so by 2008 the game was over. treasury had to come in and provide huge infusions of money. so far this has cost about $142 billion. fannie and freddie now were under the thumb of the regulator, edward demarco, a no-nonsense fellow, and he promised to shrink them gradually and to reduce the independence of the housing market on them gradually. but meanwhile, we are still relying on fannie and freddie to provide funding for most home mortgages. fannie and freddie and fha in recent years have accounted for around 90% of new u.s. homeland. eventually congress will have to make have to make fundamental decisions about what kind of mortgage market will we have. should we go back to trusting the free market, or shall we have some kind of government mechanism in place to ensure that to mortgages can always be a portable? i submit that the historical record of the past 70 years suggest that when

but his management style led to conflicts with another goldmdm partner, hank paulson. in 1999, corzine was ousted. it didn't slow him down. >> hank paulson said to him, you know, "what are you going to do now, jon?" and... and corzine said, "either i'm going to, you know, have my own hedge fund and be worth billions or i'm going to be president of the united states." >> narrator: corzine would aggressively embrace politics. in 2000, he spent a record $62 million of his own money to become a senator from new jersey. in 2006, he spent another $43 million to become governor. >> gracious god, we ask your blessing upon jon, that you would fill him with positive vision, that he might inspire others. >> the reason why we called jon is because we knew he knew about the economy. >> narrator: by 2008, corzine had become a trusted advisor to barack obama. it was once rumored that he might even replace tim geithner as treasury secretary. >> here we go, folks. >> narrator: but then in 2010, new jersey voters ended his political career and returned him to wall street. >> former new

of course, paulson is the hedge fund manager who made a killing during the housing crisis. now in an e-mail sent to morgan stanley's financial advisers yesterday they changed the status of the funds from watch to redeem saying its client should pull the money from these funds. the company citing the fund's weak performance. two umbrella funds for paulissen basically employing a number of his strategies, and they have had a hard part investing in gold where he's not done so well. the advantage fund was down 5% in november, advantage plus down 5.6%. back to you. >> mary, thanks so much. mary thompson for us with the breaking news. face it, we're all getting a little older, but if you actually see what you look like when you're older, will you take saving for your retirement more seriously? that's the bet of bank of america right now, kayla. >> well, scott, it's a bet with some science behind it. a study out of stanford said people who met their future self were more likely to save and b of a took those findings literally. we visited the bank's headquarters to give a test driv

steve paulson will tell us how long it will last. >> three days. there is one more system. it won't hold a candle to what we had over the last three. watch out for fog this morning. a lot of high clouds spilling over. highs they will be really close today. a lot of upper 50s or right about at 60 degrees. here

>> like i said, it's a lot of people front running paulson. and there are some gains in these particular commodities they might be taking off and flipping back on. >> sometimes it's tough to buy the losers, sell the winners, so, let's play a little hold 'em or fold 'em. first up, bed, bath and beyond, falling to 52-week lows, it's dropped 23% over the past six months. dr. jay? >> lowest point of the year to $54.33. 16 million shares, turnover. so, this is one of those washouts, but as guy and pete and i would say, you know, there are no one-day events. so, i wouldn't rush into this one and buy it today. i think you might want to be a little patient before you buy it. >> okay, so -- >> so -- >> patient before -- >> hold it today. you could be buying it very soon, because they do have a $2.5 billion buy back they have in here and that's when you buy it. >> got it. next up, domino's pizza. new all-time high. shares up 460% from three years ago. >> patrick doyle, ceo, friend of the show. every time you look at the stock, look at the chart, you thi

the financial wealth of our households and firms the pension funds the banks goldman sachs and john paulson who's a hedge fund manager you know rigged these things they put together mortgage backed securities that they knew would have very high default rates and they did they had default rates of eighty ninety percent. so the whole thing was just rig so that. the hedge fund manager and goldman sachs can make a lot of money on effectively death and we've gone way way behind in derivatives that some of the drill was actually our bets on people dying so-called death settlements peasant insurance this was in the michael moore movie you know where employers are going to win and if their employees die early here the franco crissy of america. brings the industry full circle jesus drove the money and then those. in the inferno inhabit the seventh in a ring of. boiling things. now goldman sachs makes products they know will fail with incentives to boy. gold's work. the poit piper of death sends america over the fiscal cliff. this is the truth. will come to the country this month high tech means coul

force on top of the story so i asked if paulson bill would allow us gas exports to european nato member countries over three nato members all they caved in europe so is that a real threat to russia. well katie maybe maybe not even if the regulators actually approve this initiative to export gals to the european countries and keep in mind that this approval is absolutely essential because at the moment the nato countries in europe are not really free trade partners of the united states so even if the regulators give the green light to this initiative i'm not sure that it really makes sense for the united states itself now politics aside it doesn't really add up economically the u.s. at the moment doesn't want to export a large quantities of its galahs anywhere for a very simple reason it needs it at home just recently with the discovery of shale gas and with this whole shale gas revolution it was finally able to become import independent and now to all of a sudden shipped all this cheap american gas overseas will basically mean boosting domestic prices jeopardizing the whole manufacturin

steve paulson back with a look at this storm coming our way. little one? >> little one. it's coming down the coast. it will probably hug the coast but increasing clouds right now. rain offshore. highs today in the upper 40s or low 50s. and maybe rain later. here is traffic. >>> we have a look at the east shore freeway where traffic is looking pretty good at this hour. you can see the headlights at westbound as you make your way toward the bay bridge. san francisco 101 this is a look there. you can see traffic on the right hand side toward sfo looking good. let's head back to the desk. >>> we begin with breaking news from oakland. police are investigating three homicides. there are two different scenes. one in oakland. one in west oakland and one in east oakland. ktvu alex savidge is live on walnut street. good morning, alex. >> reporter: good morning. the sergeant here on scene told me in this case a woman was found stabbed to death early this morning. officers are still out here on scene. you can see a couple patrol cars parked out here on this street. the stabbing happ

in a few minutes we will check back in with ktvu meteorologist steve paulson with how much rain we will get. in sonoma county flooding is not expected to be a issue this time around. even though small creeks and streams are flowing slower. no significant change in the water level is expected. now while flooding is not is a concern, fire officials say landslides are because the ground is saturated. we will have continuing coverage so stay with us here on ktvu channel 2 on the current weather conditions. coming up the two roads being very closely watched and what it could mean for bay area drivers. don't forget you can get up to the minute weather information by down loading the ktvu app or go to our website ktvu.com and look for the storm watch tab right at the top of the page. we also provide updates on facebook and twitter. >>> overnight news seeing the next story you might be amazed a family survived a hit and run in san leandro. just before 1:00 this morning a husband and wife and two children were hit by a big rig on highway 238. everyone walked away from the crash. chp says it bega

meteorologist, steve paulson, is tracking the storm. he will tell us which parts of the bay area will get the most rain. he's coming back. scutaro! he has a new deal. we'll tell you what it took to re-sign him. >>> and here is a live look at 280 at the 880 split. we have a lot of accidents in san francisco. we will tell you about them -- coming up. íño% >>> fire crews in merced, still investigating last night's ammonia leak at a food processing plant. it happened at the dole frozen plant near atwater. an explosion released about 100,000 gallons of ammonia last night. merced county deputies evacuated several nearby homes as a precaution. but everyone was allowed to go back home. >>> it is 7:24. the world series champion san francisco giants are welcoming the return of mark co scutaro. he agreed to a three-deal, $20 million contract. he was the mvp in the national league series championship. and he smacked the winning hit, game 4 of the world series, leading to the sweep. the giants originally offered a two-year deal but when another te

let's take a look at our weather with steve paulson.

paulson may be the last speaker. >> (singing)? this city people smoke night and day, drive me crazy hey and the night. let the smoking magic and the music get to you and just enjoy your smoking self and all your wealth. living living in the smoky, living off the smoke wall, living off the smoke wall, let the magic in the city smoking music get to you, enjoy your smoking self, living off the smoking wall the wall, off the wall, on the boat free only want to be smoking free without and i hope the board will approve this deed. free, only want to be smoke free and i hope this city makes it won't you please on the boats and on the planes, the smoke's coming to america. every place that flag unfurls, it's a big old smoky world. on the boats and on the planes, here comes the smoke again stop it please. >> thank you. seeing no other public comment, public xhebt is closed. so, colleagues, i wanted to, if there are no questions let me ask our deputy city attorney john gibner to give us a couple minor amendments and keep in mind the version