bell." richard fisher the dallas fed president on his first statement since the fed's decision to taper. we'll be hear on "after the bell." that is tomorrow beginning at 4:00 p.m. liz: "money" with melissa francis is next. melissa: is europe tv spying on you? i'm sure you want to say no but you know the answer is yes. it was only a matter of time before it came to this and we've got all the details. you won't believe it because even when they say it's not it's always about money. melissa: it is officiil the fed may be pulling back but for ron paul he says it is just way too late. >> even if they quilt that the conditions are they quit

quantitative easing there is still so much out there they couldn't predict what would happen. the price inflation which is secondary consequence of nk we're in for bigis yet to trouble. melissa: big trouble he says and he is here, the host of the ron paul channel, doctor and former texas congressman ron paul. ron, why are we in big trouble? >> because we have lived beyond our means and the message now is we'll have to leave beneath our means and a lot of people already suffered that consequence in these last five years. that's why the middle class is you will maker and there is a third of the smaller, a third of the workforce is unemployed or underemployed. there is a greater decrease pansy, some people are making out okay. wall street was pretty happy but the unemployed are not very happy. so this will continue because we have not recognized that when you get when you get distortions from too much federal reserve

inflation from the monetary system. there was to be liquidation of debt and mall investment that has not happened and -- melissa: we're seeing a lot of income inequality and discrepancy way people are living right now, why is that caused by the fed? why is that caught by inflation? >> the fed is the vehicle. it is monetary phenomenon and the philosophy. because when you undermined the value after currency, you destroy the value by increasing it. prices and different things will go up and it disturbs choices. so once you interfere with the interest rates, people make bad choices. but basically what happens is that wall street and big business and the banks and governments they get the money first and so they don't suffer the consequences but when the money circulates, then the poor and those on fixed incomes suffer the most because their inflation rate is much greater. then when you have a recession you -- melissa: i just want to make sure we follow you through this

logic. so are we in the in between stage? of course when you america sure inflation right now we're at the point where it is dangerously low. that is one of the concerns that the fed has right now, that there is no inflation. are we at the that point of the argument you were making that the banks and wealthier individual already had the money but it hasn't gotten the velocity and traction and filtered out to everyone else yet? >> yeah but the average person trying to start a business and create new jobs, that hasn't happened. there has been a distortion. melissa: right. >> the money goes and stops in the bank and thhy put it back in the fed and reserves and they get paid for it. so the whole thing is distorted but i would argue the case that the strict definition according to austrian economics is just increasing amount of money supply and credit is the inflation. sometimes it is measured by the cpi. sometimes it is measured by soaring stock prices. sometimes you have housing bubbles. so you don't know where the money goes. yes, the fed can create money and they claim they can create more spending but they don't

know where the spending is going to be. there is lot of disturbance because a lot of spending is going into medical care and education. it is a distortion they can't control. they can say we'll create money and people will spend it and that will get us out of recession and it does more harm than good because they don't allow the mistakes to be corrected. all the mistakes that were made leading up to the crash of 08 they're still out there. the debt has not been liquidated. debt is much worse and malinvestment still sits out there. melissa: you're saying inflation is already out there and the money is circulating in the economy they put out there and we haven't seen strict price inflation in the way we normally expect at grocery store, oil prices are down but we are seeing it in asset inflation and stock market and housing market as well. what is the danger of that? >> there will have to be a correction. they will get out of sync what it should be. in the 1920s this was same argument. cost of live something not going

up. cpi is okay. and yet there was a lot of new credit in the '20s. there was distortion and gambling and a stock market bubble and there had to be a correction. so yes, that is happening. you can't argue that the bond prices are low. interest rates are low but the price technically speak something very, very high and same way with stocks and, the financial community likes what happened yesterday. so they did a lot better but today we also had a jobs report that wasn't all that encouraging. melissa: so does it eventually turn over to prices for food and other things as well? where is the velocity? >> well the velocity is still in the financial sector. yes, i would say it will. i would say it's there more than they recognize. if you usually cpi as measured before, it would be much higher. the free market economists have measured it and they claim it is closer to 6% but they changed the way they calculate it. but everybody's a little bit

different. if you're on a fixed income with social security, and they say there is only 1% up nation and don't get much increase and they have medical care costs and repair bills, i mean they might be struggling with an increased in cost of living that is much greater but nobody recognizes this or don't pay attention to it. because they don't have a strong enough lobby it. a lot of people complain to me when i'm outcome paining on the road and speaking, yes their cost of living is going up and they are suffering from the consequence. what about the man right now who has been very, very great for incrrase in the minimum wage? melissa: right. >> i don't want to deal with that subject, why is it? they don't have enough purchasing power and justified in complain about this. i mean raising the minimum wage law, that is not the answer but they're hurting. melissa: what's the answer? >> well, having sound money and no inflation. get rid of the fed creating this business cycle because this is what you should expect.

they will suffer and certainly the middle class has not benefited in the last five years from the so-called federal reserve activity in monetizing debt and qes. that hasn't helped at all for the middle class. melissa: don't move. we barely gotten started. we haven't gotten to obamacare. as a doctor you have something to say about that including that there's still a chance it could be repea. i want to get to that next. we'll squeeze in a economic commercials. a british blogger recently realized he is being spied on by none other than than his tv? is your smart tv collecting information about your viewing habits? don't turn it off, leave it on to this channel but we'll tell you, well, it might be spying on you. more "money" coming up. [ male announcer ] e new new york is open.

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simple, flat rate shipping with the reliability of fedex. is. melissa: we're back with congressman and doctor ron paul and obamacare what it is costing the country. it has been under fire since say day one and a lot of money has been spent. should we start over again. >> we should have never started with this a long time ago and this is the worst example what

it would lead to and most people predicted this would happen. we're looking at the computer problem and blaming the computer but it is the system that they're trying to impose on us. it will be just as messy as trying to sign up for it. so it's a mess. it is very expensive. and, it's, it's corporate medicine. that is why the corporations are very- melissa: why is the corporate medicine? because it deals like government medicine. >> government and corporations are corporatism is a mixture of government and big business. so the insurance companies are involved and they're not complaining too much because they were expecting to get a lot of customers and all of sudden now they're taking these policies away. they have more leeway in raising rates and all of these things. so the drug companies are very much involved. when the republicans were in charge, they had prescription drug programs. that made the drug companies happy and a lot patients happy. both parties have expanded the role of government in medicine. my argument against all of this was made long time ago because i

thought the most important thing i could do as a physician, or as someone in politics that was to protect the doctor-patient relationship. and that's long gone. and certainly everybody who is trying to understand obama care, they're finding they told us we could keep our own doctor, all those arguments. it just isn't true. the more you get involved with government management, central economic planning at its worse. all you do is higher prices and poorer quality care and that is where we are today. nobody will be happy. melissa: the president says we're off to bumpy start but over time we'll end up with more people having health insurance they can afford and being able to see doctors. you don't think once the dust settle that is we'll have a better system? >> well, yeah, that's possible but you have to think of the quality. a lot of people saying well already a lot of people who have signed up, they're under medicaid but a lot of people aren't going to be happy with medicaid, you know. the doctor shortage will increase and the lines will get longer and quality will go down. so you can say, oh, yeah, they

had insurance but right now even from my own private insurance companies i've had notice that, you know, be ready in january, the rates will be raised. we have to reassess your policy what we're going to cover. melissa: yeah. >> so a lot of people will be very, very unhappy to say you're insured won't please a lot of people. besides this is one of the biggest problems in this argument they destroyed the definition of insurance. you know, this is just medical management. melissa: how? >> promised -- if you can't dictate to an insurance company who they can insure, they say, well prior conditions, you can't take this into consideration. well that is sort of like saying well, i'm 75 years old. now i want, i haven't had my life insurance taken out and now i have diabetes and high blood pressure. i will take out life insurance. well we can't rule out any prior condition. that is about the way it is. it isn't insurance. the companies don't measure this, measure the risk involved. melissa: so what is it? if it is not insurance what

would you call it then? because i understand your point, if it is not insurance and what is it and what is wrong with it? >> government managed health care through the corporations making some money off it. it is government regulation and enforcing companies to do things where they can make the best deal and pretend they're taking care of all the patients but it is not free market. medicine is not socialized medicine. just one of the worst things because it is so tempting to say, we don't believe in socialism and we've got to be cautious a little bit at a time. even if republicans take over next year, which there's a chance of that, they're not going to get rid of obamacare. they might get rid of some of it. might be made better and hopefully we would get at least an opt out provision. this is the only thing that think could save us from ourselves, no matter what program we have, we ought to always give the people the right to opt out of the government system. then it wouldn't be so bad. already we have a lot of people opting out of the medical care

system. i interviewed a doctor the other day, he can do in a private clinic, 30,000-dollar operation for $3,000. he just doesn't take any insurance. doesn't talk to the government and he is flooded with patients. most of it is overhead. melissa: that is the direction we're heading. >> that is how we have to get rid of that. melissa: dr. paul, thank you so much for coming on. we appreciate your time again. thank you. i hope you come back soon. >> thank you, nice to be with you. melissa: is your smart tv getting a little too smart? we'll tell you how some of these internet connected televisions are spying on the people watching them? you won't believe it. speaking of spying, wall street is using high-tech snooping techniques like satellites and infrared companies, oil companies and retail traffic and more. is this giving some companies an unfair advantage in the market? or is it the best information money can buy? don't move. at the end of the day it is always about money. this is the quicksilver cash back card from capil one.

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melissa: smart tvs are one ever the latest crazes in our high-tech world but they might be too smart good. forget the government possibly watching your every move. your television might be the new gateway into your home. fox news' ddug kennedy has the details. is this as scary as it sounds? >> it is totally scary, melissa. it is not only scary but violation of consumer trust. the government is watching you. your employer may be watching you. unfortunately has fox news confirmed, your smart tv is definitely watching you. >> i bought this 10,000-dollar tv i should be the one in charge, not lg. >> last year justin purchased a smart tv which conveniently

downloads useful information from the web. but while he is watching it, he is wondering, who is watching him? the same technology that downloads channel guides can theoretically up load information from you, like what you're watching. >> right. they're smart tvs. that means they're connected to the internet. you can do cool things like skype or netflix. the companies are finding ways to take advantage of it for their own benefit. >> brook mann is a privacy advocate in washington, d.c. in november his worst fears were realized when a british blogger found out his smart tv was up loading viewing information to manufacturer lg. this is the smoking gun. >> we worry about this. read privacy policy, context. doesn't say anything about it. you can't figure out what they're doing. >> in a statement fox news, the company seemed to deny the practice. lg has not and never gathered information from our customers

without their consent in the usa or elsewhere. but in further questioning lg admitted consent, simply means accepting lg's terms and conditions when the television is first turned on. the catch 22, you can't use the tv's smart function unless you accept their terms and conditions. turning your smart tv into a 10,000-dollar block of useless furniture. fox received similar vague responses or no response from other manufacture you ares of smart tvs. including sony, panasonic, and samsung. lg says the entire television industry is moving towards they say requires personalized information. what do you say? >> well some people like might like that, right but they would like to have a choice around it. >> at the very least he says tv users should be able to opt out of the tracking technology. that es it from here, melissa. back to you. >> i have a question about that specifically because there is a way to opt out later on down the

road. you can click an options under collection of watching info which by the way, i mean that doesn't really describe what's going on. would you have to know what you're talking about in order to look for that but this reporter did that, right? but was still sending information back? >> you can not opt out unless you, unless you don't accept their terms and conditions and you can't use the tv if you don't accept their terms and conditions. there really is no opt out later. >> wow. douglas, thank you so much. crazy report. thank you. so you're watching your tv but your tv could be watching you, we just established that. how concerned should you be? joseph steinberg is a cybersecurity expert and associate ceo of green armor solutions. it strikes me that an lgtv isn't the only device. a lot of devices could be doing this very same thing. >> sure. as technology improves and more and more systems are deployed into home appliances, medical cars, cars and like we'll be

tracked on everything we do. melissa: what should i be worried about right now? obviously my dvr could do the same thing. >> if you have cable box or smart television, even if you don't have a smart television what you're watch something probably tracked. >> what else? >> pretty much everything. there are cases of smartphones tracking people's locations. the ftc settled the case with an app provider which had been selling your information to an advertiser without letting people know. so everything is being tracked today. melissa: that is my next question. this was being sent back to lg headquarters. what were they doing with the information? they were tracking, were they tracking how you were using the television or what station you were watching? what is so valuable that they're after? >> well what lg itself was doing, probably only lg knows at this point. in general what businesses are doing is optimizing their marketing. for example, if you are watching a particular television show, perhaps advertising to you, with an ad that features characters with the show might be more

effective. melissa: lg doesn't care about that. are they trying to sell me another television? if you had to imagine, what does lg want? >> lg may have been sew lit list iting partners and et cetera. there was video they created that was removed from internet that described information on their watchers that may have made that valuable for partners. melissa: when i interview cable partners, you can provide much more accurate information than nielsen what you can do. they say, absolutely we could but it would make people really uncomfortable to know exactly what we know by variety tu being in their homes. this has been going on for a while. i loved lg's response to the reporter that started the original story. they said the advice we've been given, unfortunately, unfortunately you accepted the terms and conditions on your tv. your concerns are best directed to your retailer. we understand you feel you should have been made aware of these terms and conditions at the point of sale. so we are unable to help you. so basically hey're trying to

blame best buy. it is best buy's fault that they didn't tell you when you bought this television you would be spied on. do you buy that? >> i think they were just caught like a deer in the headlights and didn't know what to do. best buy was probably unaware as people using the television and most people don't read terms and conditions, whether it is with televisions, smartphone apps or anything. they're usually too complicated for most people and people click right through them. melissa: i can't believe it is worth it, while i'm sure it is all smart tvs, having this associated with lg i will avoid lg devices. tweet me, email me, irrational that all tvs are watching you, this is bad pr. >> thank you. melissa: from the u.s. and all corners of the globe money is flying around the world. from the government of south africa the government is dismissing that 21 million-dollar security upgrade of president jacob zuma's private home is extravagant. of course it isn't. the cost of the upgrade caused

an outgray, zuma has had calls for his resignation by south africa's biggest union. some questionable additions like click ken coop and private pool are essential. free range chickens are a security risk and the pool is a fire pool, to be used as a water rest very voir in case any buildings on the compound go up in flames. okay then. in france, a ralph for a million dollar picasso, turns out a 25-year-old american won the drawing. man with an opera hat. he bought his 140-dollar ticket online. wow. it was one of 50,000 put up for sale to raise money to preserve the ancient city of tyre, now in modern day lebanon. the lucky winner says he plans to hang his new picasso in his living room. it is not planning to sell it. and at least for now. landing in north korea, as

is dennis rodman. the former nba star arrived for his latest round of controversial basketball diplomacy. rodman is helping to train a team of north korean basketball players for a january exhibition game against an as yet, unannounced team of his former nba players. it is part of president kim jong-un's birthday celebration, obviously. rodman's trip is response spored by the online betting company, paddie power. that whole story makes perfect sense to me, doesn't it? does it make perfect sense to you. more wall street companies are high-tech snooping techniques. more snooping. what conversation can they collect and are they going too far. he is criticized for lavish lifestyle and focus on the company but let me tell you is he laughing all the way to the bank. we'll tell you who it is. "piles of money" coming up. my mantra? family firs

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melissa: clandestine helicopter to five helicopter operations, he's seeking cameras, all in an effort to get a little extra intel. you think we're talking about the cia? guess again. wall street's going of james bond to get a competitive edge on the trading floor. they're shelling out major cash for high-tech surveillance services, and believe it or not, it is totally illegal. here to tell us more about his, street journal michael roth bill to reported on this story today, got a ton a play on the story. everyone was reading it. you know, these experts networks basically is what this is about, not necessarily a new phenomenon you were looking at a company called chin state that is really taking the technology to the next level with what they are gathering. what is some of the cool stuff they're doing to get rid information coming in this case about oil inventory? >> they do a lot of stuff. they're one of a number of companies in this industry

flying helicopters over oil tanks and up, which is one of the main hubs, cushing, using infrared video camera so that they can see how far up the oil goes. they actually also monitor whale in underground salt caverns like the size of the pond on top of that. they post monitors near power plants and transmission lines for electricity, all-around u.s. and europe to the canary damaged power is going through there. melissa: you know, i stood on the floor of the nymex for many years covering when this data comes out once per week. they tell you exactly what the oil supply is. there is always the best of what it will be. then it hits and they're is a big trade. if you know how it's going to move you can have a lot of money. this is very variable information. what do they sell of a mission like this for. >> the report, $2,000 per year. it comes ahead of the part of energy's report which includes

the number which is a market moving number. if you are client you can kind of have a good idea if the oil stock will go upper down and how that will affect the oil prices. melissa: and this kind of thing is applicable to release any industry you are trying to bet on. for example, this happens a lot in retail. a company that buys satellite images of, you know -- flying over target and walmart every month and looking at how many cars are in the parking lot versus how many were than a month before. the estimates same-store sales which, once a month. and if you buy this information ahead of time and trade a big enough bloc and your right it nets out to a tidy profit. nothing illegal? >> they are using satellites. you can go on buglers and look a lot of stuff. they have very good images of very good -- various malls. there's a company called are as metrics in new york. they looked at mall parking lots, j.c. penney, target, best buy, black friday. if you compare it to the year

before you can get an idea of what the earnings will do when they come out. have kind of a good, advance look. melissa: this bothers people. it's one more way that the game is rigged against the little guy. >> very expensive to do this kind of stuff. it is high tech. people have been doing corporate spying and this kind of going and looking at power plants for a long time, but this is technology that is advanced. you need he infrastructure, capital. melissa: some of the clients of this company are goldman, j.p., who else? >> morgan stanley, little guys. it's very expensive. melissa: how does the sec feel about this? of the guys that normally go after people that they feel like a trading inside information. i mean, it isn't inside information because it's public. you called it non-public at one point, but it is public information.

>> it's available if you observe it in the public. it is not public in the sense that traditional oil companies and power companies have exclusive knowledge of what the power plant -- the power plant goes down in of a far ahead of other people which is their private information. what is in the oil tanks as their private permission. in that sense it is like, you cannot force like you can the government to disclose private information. now they have found ways of spying on these companies in getting it. melissa: a great article. thank you for coming on. appreciate it. reporting. chair -- traders have reached huge benefits. with expert networks making news and some of the biggest insider-trading cases in recent memory, will wall street continued follow the money or are they already starting to get spooked? with me here now, market strategist scott martin. so, i mean, the expert network is not a new thing. do you feel like folks out there are getting more nervous about buying services given the way

sac capitol has been pursued, given the way that others are being pursued by the government. as a make interest? >> i don't know. not too much. one thing, which is true, one of my favorite tv anchors is it's all about money. that is a wall street will do. there will find a way to chase the money and follow the money and frankly get to it. you mentioned it. these expert network sort everyone to call them are just in a different form than they have been in the last few years. then move through the system. now it looks a little different verses house stevie kaelin did it verses house smith barney get back in the day, salomon smith barney. you know, just different ways of doing things. the way to get there, though want to get there is to get the money. melissa: i mean, the essential difference for people out in the audience between, you know, what makes this legal and what makes other things illegal, you get in

trouble for going to someone inside the company and saying, how much oil is in that silo. give me that information versus spy on them with any means possible to figure it out and around. i mean, isn't that where the line is? going after this affirmation. flying over with a helicopter with infrared technology, you know, it seems illegal, but that is a legal way to get at it versus asking someone inside the company to give you documents. >> this sounds crazy. you were talking about that. where is the public versus the private issue there. as they said. uni can maybe put our bank accounts together and get one helicopter ride and go check it out. that's not something that everyone can do. but it's something that those companies that you mentioned, the private element of insecurity, the -- they have that unfair advantage, like he said in an interview, there

profiting from that stuff. melissa: it just makes you feel like once again the game is rigged against will die. how you win if you're the individual investor. >> that's a great question. the stick with a latino. and i say that being a guy who is standing on main street today for myself and my clients. we buy things that we know. we buy things that we use. i don't go out and trade crude-oil futures for exactly the reason we just talked about. i go out and buy stocks i like that i use every day that i know my friends and clients use because i know those products work and they have a loyal following. melissa: thank you. always a pleasure. merry christmas. all right. and new study says federal employees are less happy with their jobs than workers in the private sector. who do you think has a better? government workers and the private sector workers? tweet me and tell me what you think. it is our "money" talker. at the end of the day, have to tell you, it is all about "money." ♪ ♪

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♪ melissa: so you might not like the government, but is working for the government even worse? a new report finds federal workers are far less satisfied with their jobs than private-sector workers. a big shocker. with me now is an all-star money talker panel, veronica dagger from the "wall street journal," fox news contributor tony stag and attorney machel's hillel. i love how they put your name phonetically, like i don't know. every week. rick folbaum. are you surprised that federal workers are less satisfied with their job? how would think it feels like you have more job security, you should be more satisfied. >> i think it used to feel like that, but now i think they probably lost that feeling of security. the upheaval in washington. not to mention the reputation of damage like the -- that the batterer government has

undergone. some sort of prestige. now everyone's, keyword for the government. melissa: working for the post office you feel good about yourself, no? >> as a taxpayer i am offended. today we pay federal workers and public workers more than repay private sector workers. that is money and of our pocket and have a 58% satisfaction rate, health care for life, pensions that we don't get. melissa: 43%, you just give them -- >> i gave them are raised. melissa: were talking about "money". >> and that is -- [inaudible conversations] >> it's not about money, and is not about job security. it's about, they're not getting enough. they want to feel good about the job they're doing. [inaudible conversations] melissa: there is no one at the top of the corporation. >> is not their problem. it's not that they aren't happy. it's not that they are getting paid enough, is that they are not receiving enough recognition melissa: i'm saying, the boss is not in there making a profit, running a company that was his or her passion.

it's like, if you're running a company and it is your baby and you get out there with the work force and the like, great job, great job, you're fired, your awesome. but with government work there is kind of no sort of. [inaudible conversations] >> there is no merit in productivity and accountability in federal government. you have to punch the clock and i show up, and do your job, at least if you are an average, middle of the road worker. there is that. melissa: people out here screaming at the television and maybe work for the post office, irs. i don't know. work for agencies saying, we are doing the good of the country, helping this country run. our pride is that we live in america. i know. you know, i think they have a tough job. the postman out in the snow, the cold weather, working hard, trying to get everyone else. i do think they have had a difficult time. i also think it is not easy working for people, their bosses probably are not managers come probably not trained to be

managers, pau with political appointees. probably not a whole lot of interest in developing people's careers, praising them. melissa: do you think this is permanent or reflects the state of the government right now? pass because there was a gallup poll that just came out that showed -- this was staggering to me. 79 percent of people right now are happy with the state of their personal lives. i think that's a huge number. almost 80 percent are happy with their lives at home. only 23 percent are satisfied with the state of the nation. and that's not even saying how you feel about government. that's like where our country is right now. go ahead. >> when you shut down the government because you want to act like a bunch of stubborn babies -- >> give me a break. >> that's what you're going to get. >> that has nothing to do with it. [inaudible conversations] melissa: that makes you feel bad about the whole nation? [inaudible conversations] >> angry because -- [inaudible conversations] melissa: wait. wait. wade. [inaudible conversations] >> federal employees, they're upset because there's too much job security because they're

pulling dead weight. when you compare that to the wa3 people feel about the federal government cannot. [inaudible conversations] >> the federal government does not do a job but continues to get paid. >> 75 million americans don't wake up and say i'm happy are not happy because of the government is doing. we take accountability over our own lives, including the pursuit of our unhappiness. i saw this from the beginning of the whole economic downturn. people after one year got over it. we are not going to get mired in the negativity that we see in washington. we do what we have to do. melissa: i hate the idea that only 23 percent offpeople in this country feel good about the state of the nation. at think that's sad. this is america. [laughter] their word about java progenitors, having enough for retirement, being able to find their healthcare needs. there are some many things people were about. i think that 80% number, that's

staggering. given the divorce rate and i think that's bogus. >> that could have something to do with it. juneau's. >> the people polled. melissa: i don't know. >> of 4 percent margin of error. melissa: they did a poll recently and said 37 percent of respondents said they thought zombie's would do a better job of running the government and our federal government. 40 percent almost. they would rather see zombies and office. look at these guys. >> it depends upon the zombies. melissa: that's a great point. which ones are we talking about. on that note, more fallout from the obamacare debacle. states like minnesota that are running their own health care exchanges having a year -- major problems. did you know this? then administrators are on extended vacation. you really cannot make this stuff up. stick around for "spare change." you can never have too much "money." ♪ this is the quicksilver cash back card from capital one.

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♪ melissa: it is time for a little fun with "spare change." i think i could use to vacate -- a vacation from the health care help. apparently that applies to the people who are actually responsible. two people in charge of state-run health exchanges have been forced to resign after taking tropical vacations immediately after their site rolled out. it rolled out to mixed reviews to my my say. david asman joins me now. when youugo through some of these, the executive director of minnesota's exchange took a 2-week vacation to custer rica with the person, by the way, who runs the medicaid program. there were forced to resign. i mean, i understand you get this thing up and running. i guess you plan to use vacation. kind of bad timing. >> first of all, it was the state-run exchange for all of the grief that the federal

government's exchange had, the state-run exchange was upposed to be better. we are finding out is that they are no better. the risk you have the incident a being mismanaged, over paying for services. i mean, it's such a mess. it's ridiculous. melissa: would you have planned a vacation? i can see way ahead of time you're like, you know what, when the swatches, am i going to be ready for a vacation. you planet, what if you really think about a year like, you know, i should probably stick around after i get that website up and running just in case. what do you think? >> well, this is still hard for me. i'll tell you what. on one hand you still should that known that this was to be a disaster. it did on the diligence on the other and fifth point. even though a lot of people who are anti-government employees, people did are living. they are entitled to a vacation. melissa: i hear you.

>> every business, the company has crunch times. and everyone is supposed to be working 24 / seven. there has been no company in the world that says they have as many problems. they should be there now. melissa: if you are rebecca peers, the executive director of maryland exchange commission went to the cayman islands right after the of thing done up and running. you know,. melissa: it sounds a lot more glamorous. the cayman islands are not that nice. melissa: considering a plan that would ditcher health care plan all that well. she should have been having a drink in the sand. >> was just pose this question. what if it -- if it was an all-inclusive resort. an all-inclusive resort. she puts on her to thousand dollars.

>> us look at the larger picture. why, for a sample, i don't know if their state exchange is in trouble. they have fewer than 500 people enrolled. and then spent $200 million trying to get people to enroll. oregon has only 44 people who have enrolled. $619 million per enrollee. melissa: real looking at that right now. >> forty-four people. melissa: i had to go back to the articles. this is obviously a typo. >> we can talk about this all the time. the health care exchanges are not working. at the same time we need health care reform. we can all agree on that.

>> take a vacation as well. vacation is off-limits. up next, who made "money" today. this billionaire has taken a lot of heat lately. with the cash she is making right now, he can afford to buy a whole fleet of those sailboat's he says he loves so much spirit that was quite a hand. not sure who it is? the answer straight ahead. you can never ave too much "money." ♪ [ male annocer ] e new new yk is open.

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scouts. aerospace giant lockheed martin says it is pulling the donations to the boy's death of america over the organization's anti-gay policies. a lockheed martin spokesman says the company will no longer support nonprofits that don't align with its corporate policies of commitment to diversity. just the latest blow to the boy scouts anddpotentially giving a big money, justin bieber, the 19 year-old pop star has announced to an l.a. radio station that he is retiring. no, no. he told power 106 that his new album being released on monday will be his last. he said, i'm retiring. i'm going to just quit music. that high-pitched noise you hear is millions of teenage girls are reacting to the news. that i know. we will see if it's actually true. that's all we have for you. have you made "money" today. be sure to tune in tomorrow. we have an exclusive within anti fracking activist. and we will drill down. we will see you back here

tomorrow. have a fantastic night. guess what? "the willis report," is coming up next. ♪ ♪ gerri: hello, everybody. i'm gerri willis. tonight on "the willis report" details on 44 million target credit card holder to stolen during the busy christmas shopping season. how did that happen, and what is target saying today? did you know you can keep working and still get money from social security? we will tell you about a little known benefits for seniors, and there is a reason many companies have celebrities pushing products. one study says we are wired o believe what they say. we will explain as we're watching out for you tonight on "the willis report." ♪