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tv   NOW With Alex Wagner  MSNBC  October 9, 2014 1:00pm-2:01pm PDT

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test. this is "now". >> this situation goes from bad to worse every day. ♪ ♪ >> isis now reportedly is in kobani. >> kobani is tragedy. >> in just the last 36 hours the u.s. military says it has conducted 23 different strikes around kobani. >> one community is not going to define the strategy over a few days. >> turkey remains reluctant to act. >> we are surrounded with allies who are not allies. >> what's it it going to take for turkey to do anything when there is possibly ethnic cleansing just miles from its border. >> turkish tanks have their canons pointed at kobani and not firing. >> if they take kobani we will have to look. if ground elements have to go into theater. >> the president is getting criticism all around on the isis strategy.
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there will have to be some patience here and this will be a long struggle. >> we will degrade and destroy them. we better do it. ♪ ♪ >> good day. i'm ari in for alex wagner. an incursion that may demonstrate the limits of the u.s. airstrikes against the terror group, after weeks of warnings the isis victory could result in death for thousands of kurds. u.s. military forces have launched 23 air strikes in and around the syrian town of kobani. it it has not stopped isis yet. there are estimates that isis militants control about a third of the city and u.s. officials openly acknowledge that air strikes will not be enough to save it. today, secretary of state john kerry saying that setbacks in kobani do not define the strategy to destroy isis. >> let me make very, very clear, kobani is a tragedy as it represents the evil of isis, but it is not the definition either
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of the strategy or of the full measure of what is happening with respect to isil. it is one town and there will be others where there will be conflicts with isil over the course of these next months. >> as smoke from the fighting drifted over the border literally into turkey there, the government is not proactively intervening. turkish officials do not want to empower kurdish separatists in syria. they said it was not realistic for the west to launch a ground war against isis on its own. >> it is continuing a full-court president, general john allen is in turkey today holding high-level meetings on all of this and syria is not the only place where isis may be building influ fluence. according to intelligence officials who spoke with nbc news today, canadian detectives have clues against potential targets in canada. these are clues of potential
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plans, to be clear, not current operations. officials say any plots that they have been looking at are at the aspirational stage. even if actual isis operations are a long ways from the u.s., the threat and the idea of isis continues to surface on the campaign trail here heading into the midterms including republican candidates invoking the group to present a supposed contrast with democrats. >> evil forces around the world want to harm americans every day. their entry into our country through arizona's backyard, yet ann kirkpatrick consistently votes against her party to protect arizona. how dangerous is rick nolan? america under threat, and with america's national security threatened warnings of islamic extremists and isil plotting imminent attacks and what does mark udall say? >> i said last week that isil does not present an imminent threat to the nation and it doesn't. >> really?
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can we take that chance? >> joining me now is washington post columnist and seniorseniorw at the brook igs institution and the author of "the new middle east," fawaz. let's start with kobani before we get to the political attack ads. what is, in your view, the significance here as the town continues to falter? >> you know, ari, i understand what john kerry said that kobani is not very va teeningic to the american-led strategy. yet, as you just said the the united states has carried more than 20 air strikes in the last few days to rescue kobani. obviously, it's a very significant place. what does the capture of kobani do? it basically would represent a major propaganda boost for the so-called islamic state. this would go against the american-led strategy. what does the capture of kobani does?
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it gives the so-called islamic state basically a control of a long strip of territories on the syrian-turkish borders. this alsos any against the american-led strategy. not only do you not want the so-called islamic state to make dwantes. you want to roll it back and what does the capture of kobani does? it basically represents a major defeat for the courageous, self-defense kurdish forces who have been fighting tooth and nail to defend their city despite great odds with weapons and hardly anyone has come to the rescue except the american air strike. so all in all, the capture of kobani which represents a major defeat, a major defeat for the american-led strategy that has made it very clear that the key goal is to stop the advances, the surge of the islamic state in particular in iraq and syria. >> right. upon wh when you take that point, e.j., that is part of the problem for
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the u.s. here and that will not be super strategic and we are bombing and we have set off a policy of degrading isis and setting isis back. isis is not being set back on this instance and they're not on their heels and taking more land as they go and speak to the reticence of other states in the region. turkey is there on the border and israel is very close and israel is a country that does not want to engage in a ground war. neither do we, so can we blame them? >> part of the problem is u.s. air power can do can a lot, but it can't win on the ground and the kurds both in iraq and here as mr. gerges suggested have been very courageous fighters, but they do not seem to have the capacity on the ground that they would need to pully push the islamic state back and so that is leading to these calls saying, well, if the turks don't do it and the turks don't want to do it because they don't want
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to strengthen the kurds. they've had conflict in their own country with the kurds. the government in turkey now has the modus operandi there and they don't want to exacerbate that situation. and so the pressure will be from some on say well, if ywe want t push them back we want to put american roops in, but america doesn't want to put those troops in. it strikes me you show the ads. the ads are trying to be about alleged democratic weakness and in a lot of cases they're just trying to smuggle the immigration issue in behind the islamic state, fears of penetration, but americans don't want troops there either. so -- >> right. >> they'll have to take some time before there's real success. >> they're shoehorning that and they're speaking to a mid-term electorate and a republican base that has gotten excited about isis. we looked at these numbers from
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gallup. when you look at the top five issues part republicans, it's the economy, to wifollowed by i followed by good jobs. good jobs, equal pay and the equal, and it's just pumping up their base to feel that this is another area where the president doesn't have a clear policy. >> i think it's definitely a base strategy because republicans haven't had a lot of clear issues. obamacare isn't working for them the way they had hoped or they've gotten everything they'll get out of that now, but i think their hope is that however many voters there are in the middle are feeling just a little bit more uneasy today with both the rise of the islamic state and now ebola. the republicans did a very good job of using fear and unease in the 2002 elections after the
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attacks on 9/11, and i think what you're seeing out wethere w is to attempt to create some of the feeling that helped them in that election. so, yeah, it will help with the base, and i've been last week in new hampshire and in north carolina and in those senate races, you can see republicans trying to use this issue both to heighten the the immigration issue. the fears at the border, but also to sort of convey toughness and it's worth mentioning those two states have women, democratic-incumbent senators. >> how do you think the allies and the coalition in the region, look at this because we are headed into our own election here and then the period where the president may have more problems with congress as we try to figure out what is the long-term strategy. >> you know, i want you to know there is a great deal of skepticism about the american-led strategy even a part of the coalition.
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everywhere i go in every arab television station, and everyone i talk to say are the americans serious about basically defeating the so-called islamic state? people are not convinced that american strategy is com p comprehensive and long-term and decisive, but let me come back to the central question of the strategy. the reason why kobani would most likely fall, not because basically cob an e the defenders do not have the capacity and the means, ari. this had is a besieged town. a city you have a few thousand defenders. the fact that it's besieged, the fact is that turkey and neighboring countries are not providing the am fig, tmission e help. no one is asking turkey to intervene militarily. no one is asking the americans to send basically ground troops. we're talking about providing the defenders, the citizens who are defending their city with the means to defend themselves
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and here is another piece of the american strategy. american-led strategy is based on the idea you need local forces. what better local force you have here? the kurdish citizens defending their areas against this particular organization. this is the problem. the problem is the coalition itself and the nature of the coalition and the lack of really basically a one particular strategic vision. vis-a-vis, the so-called islamic state. >> half in and half out. thank you both very much. i want to tell our viewers here. after the break, we'll look at those new protests in st. louis happening today after an off-duty cop fatally shot an off-duty teenager last night. it's two months after the killing of michael brown and some important issues still to be resolved and we also have new details about the texas man hospitalized yesterday for possible signs of ebola. we'll have an update on that and later, something i'm pretty excited about. do you remember when the government stepped in to save
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we bring you some breaking news now. the texas department of state health services has completed a test on the sheriff's deputy hospitalized yesterday with a potential case of ebola. the result here is negative. that's negative for ebola. he doesn't have it it according
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to authorities there. another deputy had been inside the apartment of now deceased ebola patient thomas eric duncan and had contact with duncan's relatives. duncan's remains have since been taken to be cremated and texas officials are reviewing whether proper protocols were followed when he was turned away two weeks ago. the dallas hospital said the patient originally presented at the hospital after 10:00 p.m. on thursday, september 25th at that time the patient presented with low-grade fever and his condition did not warrant admission. texas officials also clarified that duncan did not receive the same serum or drug rans fusion of ashoka mukpo because his blood wasn't compatible and nor did he receive zmapp. we have to prepare for the long haul here. >> we've had one case, and i think there may be other cases and i think we have to recognize
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that as a nation. i don't think we're making a claim that anything is 100% secure, but what's most important is we know, we know how to contain and that is detect, contact tracing, isolation and treatment. >> and while travel hubs across the u.s. are working on that detection and preparing to screen passengers for ebola, fears continue to rise overseas. today spanish health authorities the condition of the nurse infected with ebola is deteriorating spain is now monitoring other people to see if they develop symptoms of the virus. after a british man who passed through the uk died from macedonia from what could also be an ebola case. the ebola outbreak remains in africa for the most part and more u.s. troops at texas' fort hood are preparing to go to
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liberia. the three countries hit hardest by ebola have been making desperate pleas for help on the global conference on the outbreak back in washington. at that meeting, thomas frieden warned of the dire global cost of inaction. >> i will say that in the 30 years i've been working in public health, the only thing like this has been aids, and we have to work now so that this is not the world's next aids. >> strong words there as the world bank estimates that the largest toll on this, the largest ebola outbreak in history could now reach close to $33 billion and not to mention, of course, the human cost of the virus which has already taken 4,000 lives around the world. the actual figures when totaled up are likely to be much higher. coming up, we will go live to missouri which is preparing for days of demonstrations to mark the two-month anniversary of michael brown's killing. that is next. [ starter ] ready! [ starting gun goes off ] [ male announcer ] it's less of a race...
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st. louis today after an off-duty white police officer shot and killed a black teenager in the seacity's shaw district. we do not have all of the details of the incident, the officer was working a secondary shift for a private security company when he witnessed three black males acting suspiciously and eventually one pulled out a weapon. >> the suspect pointed the gun at the officer and fired at least three rounds at the police officer. at that point the officer returned fire. as the officer moved toward the suspect the suspect continued on pull the trigger on his gun. >> that suspect, a teenager in the altercation is now dead. authorities have not released any names yet. there was an immediate reaction in the community, just 11 miles south of ferguson where an unarmed black man was shot two months ago now. about 300 people came to the scene of the shooting and this is last night and that gathering turned violent when about a dozen people punched and kicked two police cars and this was while officers were inside them and kicked in one car's back window smashing it.
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in the ferguson case, of course, a grand jury is expected to decide whether to press charges against the officer who killed michael brown and the justice department is continuing a separate investigation both into the guys and the police department's conduct there. to that end, attorney general eric holder opened a forum on race relations and community policing just yesterday. a gathering where ferguson loomed large. >> when i traveled to ferguson in the days after that incident my pledge to the people of that community was that our nation's department of justice would remain focused on the challenges that they faced and the deep seeded issues and the issues the shooting brought to the surface long after the national headlines had faded. we're taking robust and sweeping action to make good on the pledge that i made. >> and there was another speaker at that gathering who brought up the tension in ferguson. a former president who was tough on crime and committed to advancing race relations in america. >> the thing that struck me
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reading all of these heartbreaking stories day after day after day about ferguson, right down to the day that a lot of the white residences of the city were interviewed and saying they were just stunned by all of this. they had no idea there was this much hate. you know, we cannot afford not to know our neighbors. >> joining me now is a criminal defense attorney and former prosecutor sema ire and from st. louis, criminal defense attorney and columnist for the st. louis american, liz brown. good day to both of you. >> i had. >> hello. >> liz, let's start with this new incident that people are responding to. obviously, there is tension and there is understandable concern given the history and yet this particular incident looks rather different from the facts we have as compared to michael brown's the shooting. >> well, i don't know that it looks different to one particular side of the issue. what we have here is an issue of trust with the police. if there was trust with the police and if the police had built a relationship with the
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community there wouldn't be the question, the intense questioning or believeability to what the police are articulating as what happened in this particular case. so it may factually differ a little bit from the michael brown piece, but the the underlying issue is the issue of trust and the issue of trust is the same in michael brown as it is in this case. >> sema, what is your view of that and the trust being important if the claims are that this person was armed and the fact all question is what's our source for that? people don't even believe the the initial police reports when they are coming out. >> if you and i are talking about cases and we're talking about different sets of facts, but what liz is saying in being in that community, this underlying theme of race relations controlling the whole dialogue that the police and the community, they do not trust each other. right now the community is concerned there will not be an indictment for darren wilson and therefore looking ahead, how are
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they going to handle it. there is no vehicle for justice in that town. >> you mention that, let's discuss that because that has not been resolved. this grand jury is hearing its evidence. they have heard from mr. wilson, the officer here in that shooting which is unusual. why is that? >> usually, and i would like to hear liz's perspective. as a criminal defense attorney you do not want your client to testify in the grand jury because that statement could later be used against them in another proceeding, right? but in this case, because the officer, he's a police officer. he is authorized in appropriate situations to use deadly force, probably has never been arrested before and he is almost one of them, one of the prosecutor, an extension of them so you have this underlying vouching for the police officer. so he is that ideal 1%, i would let testify. >> liz, what do you think of that and the decision to have him testify? >> i think that it's an
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extraordinary decision and we also should understand that this came at the invitation of the prosecutor. it's not only that it's a friendly environment, it's possible that this is an environment where he has been -- that he has been in before with this exact same grand jury. we don't know that. it is possible that he could have testified in front of them, therefore they could have seen the credibility of him. so it's a wonderful environment. it's a friendly environment and it's an environment that doesn't hurt the client at all and in particular all of the evidence and all of the stories about what happened in had this particular case have all been told except for his. so he can conform his story to all of the evidence that's already been put out in the court of public opinion which is remarkable and it's what the defense attorney would dream of. >> sema, speak to that because there are two sides to that. the type of scrutiny that has occurred here has had measurable results. you have a federal investigation which creates some pressure.
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you have at the policy level the city of ferguson changing how it responds to some of these low-level infractions and the fines that they're issuing and there have been some small steps here. upon on the flip side to liz's point, this creates a potentially richer environment to this case if he's a defendant to fix the pafacts of what's be out there. >> of course. now there's scrutiny. they're looking at this case to find out what happened which is why the prosecutor is presenting all of the evidence which had is not always done. i have often presented witnesses to a prosecutor and the prosecutor says no, i'm not putting them through to the grand jury. >> exactly. >> in this case they're presenting everyone, and i think what liz speaks to which is why it is so important to have someone who is in ferguson to say, this officer he may have testified in the grand jury on another case. they know him. >> let me play president clinton speaking about having reform and
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presidential campaigns in the same conference we had earlier. take a listen. >> okay. >> we basically took a shotgun to a problem that needed a .22. a very significant percentage of the serious crimes in this country are committed by a very small percentage of people we refer to as criminals because they violated the criminal law. >> and you have people like rand paul and paul ryan even saying we need to look at rehab over punishment. jim webb who has talked about, led on this issue in the senate. could we be approaching a moment where we have a national debate on this? >> well, i think that's why attorney general holder talked about the report that was done by president johnson over 50 years ago, and it took two years to complete that and when you look at some of the findings in that report, the remarkable thing is they were asking for the things that people are asking for right now. the report concluded that we need more officers of color. we need more community engagement.
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we need those types of things. that's what that report said over 50 years ago. so it's not new. it's not hard. the information is there. the question is whether there is the will and the stomach to do what needs to be done. >> the political will and the willingness to work together on something this important. liz brown and sema ire, thank you both for joining me. >> appreciate. >> thank you so much. >> we'll look at politics next looking at state republicans who are worried about losing a state in the midterms and that would be kansas and incumbent senator pat roberts faced off with independent greg orman and this was last night and i did a favor for you guys. i watched the whole thing so you don't have to we'll show you the best parts and what democrats think about the potential democrat who says he's against obama and harry reid runs the senate like a dictatorship. that's next.
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kansas republican senator pat roberts is calling in his congressional comrades. his control of the upper chamber may hang in the balance. ted cruz teaming up this afternoon and launching a four-day bus tour upon. that's a race that the got tight in a hurry. last night they had a big debate and it was the first since this became a two-man race and it shows how kansas has suddenly become one of the keys to control the senate. >> i believe obama is part of the problem.
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>> i think -- i think any senator who stands up here and tells you he's going to repeal the affordable care act is ignoring the reality that president obama will simply veto the bill. >> and orman there also criticized the aclu last night, but he did hit from the left. i have said from the beginning that i'm supporter of amnesty, but it all has to be practical. we are not going to find and send home 11.5 million people nor would it be advisable. >> i thought he said he's not for amnesty and the the last debate in hutchinson kansas he said he was for amnesty.
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that's not shooting straight. that's not coming clean. >> pat robertson, they're neck and neck. fox has roberts up by five and at the very least all that polls show is that orman is doing pretty well with a campaign message that won't say as he stands. as an independent he's not just duck the issue of who he would caucus with. he even said he'll switch sides again after a few months if the majority is too partisan.
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>> the four or five months goes by and it's clear that they're continuing the same old partisan bickering, the same old finger-pointing and not solving our country's problems. then we'll be able to caucus with the other party. >> that is the strategy and if orman wins it will be had historic in one way. this is the first time kansas would have elected a non-republican to the senate since all of the way back to 1932. joining me now from kansas city is gary hay for 41 action news. how are you? >> i'm doing well. how are you some. >> i'm doing all right. talk to me
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>> as for roberts he's had a lot of problems with his residency and people sanymore, and the washington post did a whole look at this how he moved away from focusing on issues in the agriculture committee and even passed up the chairmanship to basically focus on intelligence, certainly an important national %ecurity issue and one tmgo because a lot >>. >> right, but he managed to have moderate republicans in the statehouse during the last round of elections here. and mitt romney with 6% of the vote and republicans have a vote and republicans have a 300,000 vote registration
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so imagine, what if there was a new class of medicine that works differently to lower blood sugar? imagine, loving your numbers. introducing once-daily invokana®. you can win on those policies unless there is an abject failure and the jury is still out on that from brownback and we'll find out about that in four weeks when people say this had has gone too far or not. >> you made a good point there and an interesting payback itemses here is the people angry at brownback may ultimately end up punishing roberts here because he seems to be more vulnerable. i appreciate your take on the ground. derek hague, thanks so much. >> absolutely. >> coming up, six years ago when aig was head for bankruptcy. they got $85 billion from the government and now they want 40 billion more. this is the case of the decade and it's happening right now and we'll tell you why. ab p t
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and we've got more news for you today on the constantly evolving state of same-sex marriage here in america this afternoon. west virginia dropped the opposition that makes it the latest straight to embrace equality. the south carolina supreme court temporarily blocking the issues for licenses in gay couples. for those keeping score, as of right now pete william, same-sex marriage is legal in 26 states
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and the district of columbia. supreme court will let us know if that's going to expand further. coming up, you can't make this up. a failing financial company rescued by taxpayer dollars, our money during the financial crisis. now they want $40 billion more in basic bailout money. former congressman barney frank will join us to break it all down, but first we also have breaking news back on regular old wall street. hampton pearson has the cnbc market wrap. >> ari, yeah. we had the markets really getting hammered today. the biggest one-day drop in the dow this year. more concerns about the economic slowdown in europe with help expected by the european central bank. the dow mruplunging. 3535 poi 335 points and the the nasdaq closing down 90 points. that's the latest from cnbc. than i'm equipped for, because i'm raising two girls on my own. i'll worry about the economy
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today, former federal reserve chief ben bernanke became the latest government
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figure hauled into court to defend the bush-combrera will bailout from the 2008 financial crisis. it's all part of what could be the biggest bailout case of the decade. an expensive clash between unrepentant wall street titans who want more bailout money and top treasury officials from the president obama administration, people like geithner and paulson. in other words, from taxpayers like you. they argue that the bush administration and the new york fed illegally strong armed aig, the insurance company that backed bad bets in the housing bubble into taking a bailout during the financial crisis on unfair terms. they complain they only got $$85 billion bailout with extortion rate rules for their loan guarantees. that is the argument of the company's shareholders led by the former ceo, 89-year-old hank greenberg. the government has essentially rebutted these charges as ridiculous sour grapes from wealthy ingrates who would be far worse off without their precious will bailout. it it does take incredible
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chutzpah for bailout beneficiaries to say they didn't get enough free money, but this week's trial is also offering, i think, something of an inadvertent public service here. it's compelling former bush and obama officials to testify under oath about those big, rushed bailouts and it's shining the light on some of the topics between wall street and washington that could be useful and so far, a lot of those top government witnesses are emphasizing they had every right to attach any strings they wanted to aig's handout. quote, it was important that terms be harsh, paulson told on the court, for example. when companies fail, shareholders bear the losses, it's just the way our system is supposed to work. tim geithner stressed he had every right to use emergency powers because a full collapse would be an unprecedented emergency and the consequences of aig's failure was so great and i was confident we had met that test. aig is trying to prove the the opposite that the government exceeded its power and forced
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them into a loan that was even worse than their other options like declaring bankruptcy. as their suit argues, quote, faced with the fed's non-negotiable demand, aig had no choice, but to accept the government's loan on the government's terms. joining me now is the chairman of the house financial services committee and co-author, of course, of the financial reform law following the crisis, former massachusetts congressman, barney frank. >> hi. how are you some. >> good. you have aig saying they were extorted. that's news to a lot of taxpayers who say if anyone was extorted during those emergency deals it was all of the tax dollars, all of the people who paid them. >> well, first, let's be fair to the people now running aig, but aig, the company itself is not suing. mr. greenberg is a disgruntled and he'd been kicked out. so that's the first thing. second, one small correction.
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they didn't get an $85 billion bailout. they got a $170 billion bailout. it's true, they came to the fed and asked for $85 billion on. a week later they said that wasn't enough. they needed more. this company, let's understand at the outset. they were so irresponsible. not only did they incur enormous debt that they couldn't repay, basically they promised to insure other people's mortgage securities for those mortgage securities turned out to be housing loans and couldn't pay off, aig had promised they would make it it good. not only did they not have the money to make it good, these great financial wizard his no idea how much they owed. that's the first point. secondly, i was not -- we didn't vote on this. this was a unilateral decision by the federal reserve, though i will say this, one of the things from the standpoint whether this was so unfair to them, our view at the time in the congress, certainly on the democratic side, was that they had been treated too generously and the
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power that the federal reserve used to advance the money to pay off the debts and who was keeping them in business as a company, they're still at aig. we took that power away from the federal reserve and under today's law, if a company comparable to aig got itself in that trouble, yes, we would pay off the debts to prevent there from being a total collapse, but the company would go out of business and secondly, by the way, the money that was paid would be recovered from other financial companies. here is the last point, this notion that they were forced to do it is simply nonsense. nothing in the world could have stopped them from declaring bankruptcy. they had every legal right to do that. that would have meant the end of the company. >> i want to -- the funny part we want to zero in on here. let me read from the aig shareholder suit here that's being litigated this week. they said the fed and the government took a number of actions and made a number of statements that disadvantaged aig compared to other financial institutions and contributed to
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aig having no choice other than taking the loan that argues for the reasons you state, congressman. we could go down this road again. let me finish the question. they're saying here in court that they didn't have that other option because the way it was structured and that they had to pay a loan at 14% while people like citigroup got it at 3%. >> two things. first of all, we won't go down that road again. i guarantee you, the specific section of the law, section 133 of the federal reserve act which allowed the federal reserve to advance in that money and allowed them to stay in business has been repealed or substantially amended so it can't be used for that purpose, and this is the deal when they say they had no choice they leave out one sentence, they had no choice if they were to remain a company. nothing in the world constitutionally, they had every right to declare bankruptcy if they wanted to declare bankruptcy, but that would have meant the end of the company. so what they are implicitly
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saying the only way we had to have someone else step in and pay the debt that we couldn't pay ourselves and still be a company and continue existence is we went along with the fed. secondly, we have now changed that law so that in the future if if a company like aig has to have its debts paid because it can't pay it themselves we will do that, but they will be -- they will be abolished. what you have here, and again, let's be clear, it was the absolute irresponsibility of aig that caused this. they knot himselves so heavily indebted they couldn't pay. >> while i have you, congressman, they took this money and it was mad because it went to other big wall street players. does this week's trial and getting these guys under oath from different areas, does it at all help explain once and for all why so many wall street players got paid back 100 cents on the dollar and other people took losses? >> no. there was never any question about that and here's why, under the law at the time and we've
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changed things with the financial reform law. in the future, if a big company -- here's why they knot paid off. they got paid off because lehman brothers was allowed to go bankrupt and no one would step in to save them. that had a very negative effect on the economy. people stopped lending each other money and the economy was grinding to a halt. under the existing law there were two possibilities and either aig went bankrupt or the fed had to step in and pay those debts and under existing laws, the companies at aig had a legal right if they didn't ago bankrupt, that's something we changed. in the future if you deal with one of those big companies, the federal government if it has to step in will give you some repayment, but not all. they did not have that option. so they required that everyone would be paid in full. that was the result of the legal structure at the time which has now been amended. >> it's a detail at times and as
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for the law you're referencing, paul drugman did a victory lap saying it went a long way. >> i can make one other point? >> in ten seconds, go ahead. >> aig in 2009 had paid bonuses to the very people who had caused the crisis. one of the worst outrages we've seen and this was why they were so unfairly treated. >> congressman, barney frank, thank you for your time today. stay with us. we have more "now" after this. i, she created her own mix, match, magic. downy. wash in the wow. then you may be looking for help in choosing the right plan for your needs. so don't wait. call now. whatever your health coverage needs, unitedhealthcare can help you find the right plan. open enrollment to choose your medicare coverage begins october 15th and ends december 7th.
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president obama just touched down in los angeles. you can see air force one right there where this afternoon he will tour, quote, cross campus. a santa monica hub for start-ups and entrepreneurs. right now there are more millennials than baby boomers in this country. more 22-year-olds than any other age group. in other words, if you want to get serious about the future, you have to take millennials seriously and that's what the white house is aiming to do with that tour there. the president will also hold a
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town hall where he hopes to highlight policies on student loans and health care that have helped the so-called millennial generation. we'll keep you posted on all of it. >> that is it for now today and we'll see you tomorrow at 4:00 p.m. eastern. "the ed show" starts now. good evening, americans. welcome to "the ed show" live from minnesota. let's get to work! ♪ ♪ ♪ who would have thought south dakota -- >> the land of great faces and great places. >> one of the places to gain control of the u.s. senate. >> a complicated race in south dakota. >> for control of the u.s. senate. >> that's been the the theme of your campaign. >> taking it back from big money, special interests. >> if we don't win south dakota we won't win back. >> good to have you