the establishment is fighting back hard. republican minority leader mitch mcconnell sat down with every new gop senator to tell them about the wonderful advantages of earmarks and why they should side with him against republican senator jim demint. then a new opponent rose to challenge, michael steele, at the rnc. so the former republican chairman of michigan says he wants to take over the entire chairmanship of the republican national committee, and the battle is joined. and the fight within the gop has also gotten personal. cindy mccain takes a shot at her own husband in a new ad against bullying gay kids in school. >> our political and religious leaders tell lbgt youth they have no future. that they can't serve the government openly. our government treats the community like second-class citizens. >> oh, damn! who's a politician currently stopping gays from serving in the military? that would be her husband john mccain, who that has threatened

to filibuster a repeal of don't ask, don't tell. ouch! wow! a former speech writer for the george w. bush administration and a republican stratd gis strategist. it's great to have you on. the earmark thing is the most serious. and that looks to be a real battle. mcconnell saying, yeah, i want earmarks. demint saying hell no. >> who do you think will win? >> i think jim demint will win this. there's no question the republicans across the country are against the prak tigs of earmarks. they are destined to lose, this time or the next. >> josh, you have a problem there. within the republican caucus it's actually a secret ballot. so a lot of the senators could go out and be like, oh, yeah, i

hate those earmarks. where do i sign. are you really that confident the tea party folks are going to win? >> you're right about the fact that it's a secret ballot. but the fact of the matter is that whatever the outcome of the secret ballot in this case, the friends that the pert is on and the direction that it's going is clear. this is a party that's rediscovered the roots in fiscal conservativetism to an extent that didn't seem possible when we lost power in 2006 and 2008. so whether it happens now or later, it's going to happen. jim d, mint is on the right side of history. josh, slightly confused the difference between the republicans and the tea party, it seemed like they were so close to one another. they want to repeal the tax cuts or they want to keep the tax cuts for the rich. less regulation et cetera. but this seems to be something

that is a difference. so when you all as conservative ak v activists, were they talking about mitch mcconnell and lamar alexander et cetera fighting on this earmark issue? is that the heart of the problem? >> well, the establishment in general, you know, it can mean a lot of different things depending on what you're talking to to. i have my own definition of it. earmarks is in some ways an establishment versus a grass roots issue. i don't know if i would call it a split between the tea party and the republican party. you're seeing a split between the entire rest of the party. the tens of millions of americans who sif with this. >> josh, were you discouraged to see rand paul's comments saiing, yeah, sure, earmarks edition.

>> what's the quote? i'm never disappointed when a politician does something like that because they're politicians. they will do the right thing only in as much as we the people pay attention to them. if we're applying pressure, all can do is do our best. were they disappointed? not really. he's going to fit into the senate if this is the course he chooses. i think he'll be on the right side. >> so, now let's go to the rnc. is it a foregone conclusion that michael steele is gone? >> not a foregone conclusion. steele with anybody else who happened to hold party office is going to claim his share of credit, deserved or not for the republican victories. steele is in trouble.

i don't think it's a fore gone conclusion that he's gone. but the challenges stem from serious critiques. he would be well advised to take them seriously. he's in it to win. he's a serious player. i would be surprised if his last name goes in the house. >> that's a great advantage for steele, isn't it? if you have a lot of people throwing their names in the hat, they're going to split the vote, and steele is, you know, right now the reigning chair, so that gives him the advantage, doesn't it? >> well, if it gives him the advantage if, and this is a big if, if steele has run the rnc in the way that most would. frankly, i don't think we can assume that. it remains to be seen. >> then on the mccains. that looks like a direct shot at her husband, doesn't it? >> you know, it does. but mccain family members back stabbing each other in public is not really news. who cares? really? >> so, whose side are you on?

cindy or john mccain's? >> in one particular -- >> on the repeal of don't ask, don't tell. >> on don't ask, don't tell. >> i don't care about their family life. about don't ask, don't tell. >> well, we wouldn't be talking about them but for that. on don't ask, don't tell, and this may be more of a nuance discussion than i want to get into here, i'm broadly on john mccain cease side, but not for the same reasons he is. count me more on john mccain's than cindy's. >> i believe a polling of conservatives that believe don't ask, don't tell should be repealed. are the republican politicians slow to catch up on that? what's the dynamic there? >> it's an interplay of different things. you have some slow to catch up folks. you have some folks beholden to particular interest groups. and also, you have to understand there are multiple principles at stake here. there are people who don't particularly care. you know, i speak as somebody who served in the army quite a while ak to probably no good effect for the country,

nonetheless, but i'm not -- i'm agnostic on don't ask, don't tell. i don't care if there's gays in the military. but the military is right to set its own standards and things like this. when you see polling numbers like what you're referring to, you have to understand that you have a lot of people on thetive side who don't support don't ask, don't tell per se. but they do support the right or the ability of the military to set its own standards without reference to this type of politicized oversight. so it's a little bit more of a hazy issue than i think it is a straight forward one. >> yeah, i hear what you're saying. on the other hand, gates and mullen seems to have flipped on that. i know you guys are saying wait for the report. you know the report is a foregone clonclusion, too. what are they going to do? the handwriting is on the wall. >> i say as a rule of thumb the united states military has some of the bravest men and women you

meet until they put stars on. >> that's a good rule of thumb. thanks for joining us. >> thank you, cenk. now when the president returns to washington on sunday, he's going to find a fresh pile of problems on his desk. but he may also find a pleasant surprise or two. he's sure to hear critics saying he's coming home empty handed with little or nothing to show for his visits. especially after the white house framed the trip as all about jobs for struggling americans. but he's also returning to a congress that now includes republican party imboldened by the midterm victories. but already divided over what to do on issues ranging from earmarks to don't ask, don't tell. like we just discussed. mike viqueira is live at the white house. let me start with this. what was he supposed to do on the trip? how is he going to bring home jobs? i don't understand that. >> hi, cenk. well, you know, the presidents often go on trips right after the election. it's sort of a tradition here in washington. number one, number two is if it

doesn't go on a trip, if he cancels a trip for anyone other than a health care debate which he canceled a trip to indonesia about previously, then he's seen as besieged, regardless of the fact that he did not come through with a free trade agreement. he was unsun seszful in south korea at the gorks-20 meeting to go along with stronger language. particularly in regard to china. something the president openly went after them about. at a press conference he had a departing sole very early on his way to japan for the asia pacific economic council meeting. he started the trip in india. this is a reciprocal visit.

a delicate and sensitive part of the world between pakistan and india, then onto indonesia. perhaps the least important stop all along. but making a major speech addressing muslims not only there in the hall, the 6,000 that were there, but again around the world as he had done in cairo before. so at the end of the day he's still the american president, republican or democrat. he's got to fly the flag, literally and figuratively. he's got to lead the world. this is still the largest economy in the world, regardless of the problems we've had in the last seven days. so, yes, it's not going to get any easier when he faces these newly resur gent republicans. but he's going to be back on sunday. we're going to see how it goes when we have them over here on thursday, cenk. >> real quick. just to do a follow-up. if we're expecting him to come back with a bag of goodies. but he's the president. he's supposed to do foreign policy trips. it's almost part of the job description, isn't it? i'm not sure i get where the

criticism is. >> you know, i think he st going to get that criticism. and partly, cenk, let's be honest. expectations were raised that they were going to hang their hat in part on that u.s. korea, the u.s. south korea trade agreement that is not going to happen, and perhaps it's not going to happen as a reflection of the mood in congress now. because anything that the president or any president negotiates overseas in terms of a treaty or trade pack has got to go through a congress. and that congress now is a significantly less behind him, shall we say, than it was before november 2nd. >> right. mike viqueira live at the white house. thanks for joining us. really appreciate it. >> on "meet the press." david gregory sits down with senator john mccain. i wonder if he'll ask him about cindy mccain. check your local listings. next the russians announce their intent to assassinate a spy who decided to work with the united states. will they try to kill him here?

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a russian spy accused of being a double agent, blowing the cover of a spy living right under our noses. now he's become a target for assassination by a russian revenge hit squad. we're not kidding. sounds like a plot for a spy novel, but this is for real. the russian president has confirmed it's the right person but hasn't confirmed whether or not they are actually going to assassinate him. that would be amazing if he did.

joining me is the formercia special operations and author of terrorism survival handbook. first of all, an official gave a quote about how kgb official did that we're going to give this guy the mercator treatment. tell us what that is, first of all. >> well, that's a reference to ramon mecator that had to take care of business. they wept after him and killed him with an ice ax. so you know the soviet union -- excuse me. let me back up. the russian and the russian service have a -- they love to send a message they can reach out and touch people when it comes to this this type of business, and they are pretty good at doing that. >> is he under our watch now? is he in the united states? >> you know what, even if i did know that i probably kon give that information out. i'm hoping he's in safe custody.

i think that when we look at how everything unfolded i think because he's a seasoned professional he certainly knows the risk that was taken, and there's probably only one thing that will probably keep him alive, and that is the cia hean the fbi honoring their word. he probably no longer has access to the type of intelligence that we will need for the future. so his value has diminished quite a bit right now. >> i got you. but are they really going to come and kill them here in the united states? wouldn't that cause significant trouble between us? >> well, you know, i don't want to make light of it. it's an interesting situation. it is a cold war tactics i think the fact that we just had a russian spy ring here for ten years, that certainly means they created an infrastructure, which

means they have a support mechanism that could probably facilitate whatever the russians wanted to do here in the united states, you know, kind of a lesson learn sd the more we open our borders, the more the world wants to eat us alive. so perhaps we should be thankful that the cia and the fbi are doing their part now and hopefully will continue to do their job as well as they've been doing it. >> yeah, and they flipped this guy. so what next? witness protection? rename him hank johnson and put him in montana? >> well, we're not going to name him cenk. >> that would be a did giveaway. >> that would be. they would be knocking on your door. >> well, we don't want that, definitely. you know what, they will -- there's a process that they have adhered to for over the years, whether it's witness protection or combined effort by the fbi and the cia to hopefully protect him and his family, and just as the russians have a good

capability of assassinating someone, the u.s. also has the capability of preventing people from being assassinated. so i guess we'll have to see as the years unfold who wins the ball game, so to speak. >> right. and the russians have done this before, right? znt they pull often a basically an assassination in london, the similar former kgb officials. >> yes, the russians have. and you know what, i don't think that i can throw them under the bus and say they're proud of it. when you understand the nature of espionage and the fact that stolen secrets can be a threat to the security of any nation, whether the russians or the united states, you know, the russians want to make it rr clear that we love our country, and we're going to protect it, and if you're going to play hardball with us, we're going to play back. that's the way they've always been. they've been very provocative. that's just the nature of the

russian service. >> one last quick question for you. do we do similar things? >> who? the u.s.? >> yeah. >> no. we're the u.s. hey, they're russians. come on. >> okay. i hope you're right. it's interesting. all right. there's a lot of things we didn't used to do that we do now. former cia officer, thank you for joining us. really appreciate it. fascinating conversation. >> yeah. >> thank you. >> all right. coming up, speaking of republican fights, the one in alaska has gotten hilarious. we get a report on joe miller's absurd tactics to stop his republican opponent. plus why is centrist a dirty word? how political centrists may be doing the most damage to the country. and why game show hosts are so overwhelmingly republican. that's really interesting. [ female announcer ] humana and walmart are teaming up

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alaska senator lisa m murkows murkowski's cam is still in her fight for election for write-in candidate. about 90% of the ballots are going to team murkowski, which makes sense since she was the write-in candidate. but her opponent joe miller is contesting another 9.5% of write-in ballots because of poor penmanships and misspellings. he's challenging for not just spelling the name wrong but writing the name in a way he does not like. one ballot was challenged for writing in lee is murkowski, republican. the claim, technically that's not her name. kristen welker joins wus more. what's the thing about not liking the way it's written if it's in the wrong script or it's cursi cursive, what is that about? >> right. good afternoon, cenk. that has been the subject of a lot of debate here in juneau.

a lot of the people overseeing the counting process have been contesting ballots because they say it's tough to read. we've pressed the people and said is this just a handwriting issue? and some of them said, yes, to some extent it is. we'll have to see if it does go to court if that would hold up in a court of law. that remains to be seen. we have a built of an afternoon surprise when a representative from the miller camp came forward and said they have been receiving phone calls of possible voter fraud and voter intimidation. we pressed that person for specifics and examples a hen couldn't really give us any. joe miller himself saying he wants to get to the bottom of all this. lee is murkowski called this a desperate act. she is doing quite well as the folks continue to count the write-in ballots. 89% of them going to her. 9% have been contested. those contested ballots are

going to be key. because if at the end of all of this the gap between miller's and mur cow key cease lead cannot be made up by the contested ballots, miller is going to have a tough time arguing that this should go to court. so the counting continues. they were hoping to finish up by sunday. it now looks like this will spill into next week. >> kristen welker in alaska. thank you so much. and by the way, let me just say one quick note the the audience here. i don't have a dog in the fight. but joe miller's claims seem absurd. i'm no fan of murkowski. but you spelled her name in a weird way, come on. and forget the spelling, you wrote it in a weird way? i'm not buying that. what is the first step to becoming a big game show winner? here's a catch, without going on the show? the answer, become a gop candidate. we'll explain this fascinating phenomenon when we come back.

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i'm hampton pearson with your cnbc market wrap. here's a look at how stocks are doing. right now we are seeing the dow down 101 points. the s&p 500 down about 16 points, and the nasdaq down just under 35 points. meanwhile, a summit of the world's economic super powers has now ended in south korea without the ending @ obama hoped for. the president's goal, double u.s. exports over the next five years. and after hours of closed doors meetings world leader ls fail to find a compromise. but in what the white house called a skeleton agreement, leaders did lay out an agenda. and if you're looking for work, holiday job hiring is beginning. according to forbes magazine, sears is the number one employer looking to add seasonal workers. the store has 12,000 job postings. there's also plenty of spots at

jcpenney and macy's. jepg, back to you. >> now charles m.schulz says happiness is nothing more than a war puppy. but named after the well known blue dog. more than half of the conservative democrats were sent to the dog house by midterm voters last week. get it? blue dogs? dog house? that includes two members. stephanie sandlin and baron hill. so do these center lists do more to hurt the party than die hard liberals by failing to defend the real challenge? gee, i wonder where i come out on that? and what does it mean to the

future of democrats including president obama? richard, how are you? good to see you? >> cenk, i am great. good to see you, too. >> now listen, you have this controversial theory here. in washington they tell me the center riss are gold. they're like america's heros. are you challenging that? is that what's going on? >> well, i think yes. okay. i'll cop to that. and give you two reasons why, okay. one is there's a lot of talk around washington since the election that the progressives who think a more progressive agenda would have been more successful are merely posing a hypothetical. we don't know if that would have worked. but their way didn't work. that's position number one. they are proposing more of the same. so i'm saying there's an odd

consensus that says the set of policies and approaches, tactics and sales pitches that has failed so drastically this year gives us pruf we need to do more of the same. i don't get the logic. i'm against it. >> now, richard what they'll say back to you is wait a minute now. russ feingold lost, alan grayson lost, so doesn't that show you that being on the left doesn't work either at least? >> well, here's the funny thing, the blue dogs were massacred. they were absolutely wiped out, and there are demographic reasons for that, so some of us whoic that my position, being fair minded say, hey, look at the demographics. a lot of the blue dogs were going to have a tough race either way. but bhefr it comes to russ feingold where millions of dollars were flooded into the state from outside, then all the sudden it's no, no, don't talk about the specifics of russ feingold.

we're going to use russ feingold as prove the progressive pitch doesn't work. the reason they went down is voters looked at what their party did. the party hasn't been tough about protecting social security. the party hasn't dun enough to nail down the abuses of the big banks. as long as that continues the voters will punish the party. so rewarding the people who made sure the party didn't do more to me is insanity. >> richard, is the whole problem the world centrist? are they really in the center of to country the people that are being called centrists in washington? >> well, you know, that's a great point. we just did another piece today. take zz. we have a proposal out, a very right-wing proposal from the two leaders of the deficit commission who can't get their commission to go along with it. this proposals says we should cut social security so we don't have to tax the wealthy, and if anything cut taxes on the

wealthy. now polls have shone wn that overwhelmingly voters would rather protect the social security benefits, and they would rather see the wealthy pay more of their fair share. now what happens in washington? you have a democratic party, many of whose people want to cut benefits, do the opposite of the will. polls show even a majority of republicans don't want to see the benefit cuts. so you have two points of view in washington that vary between doing part of what the public hates and an extreme version of what the public hates and the compromise between the two is called centerism. that to me is a sign that things are seriously off base in the dialogue now. >> richard, one more quick question for you. is centrist really a code word for corporatist? you have guys like evan bayh who are like i'm a centrist. it seems like their positions match up with the big

corporations and the biggest people in the country consistently want. >> well, absolutely true. they love to say i'm a centrist and i'm going to make the tough decisions and roll up my sleeves and get to work. but they don't. they make the decisions to keep the campaign dollars flowing. so the future of any party, like the democratic party that wants to succeed, is to fight the very unpopular positions, even if it means you have to do the tough thing and get your campaign dollars from the voters themselves instead of the corporations. >> richard, thank you for joining us. appreciate it. >> thanks for having me. >> by the way, just my quick little take on this. if the politicians are actually in the center of the country, i would love it. that isn't the issue. the issue is they're using it as an excuse to do what they're funders waptded in the first place. that's what we have to watch out for. onto another issue. this also involves politics but in a fun way. game show hosts that back

conservative politicians, cop on down! i've been dying to do that for years. it's a well-kept secrets that some of television's most recognized personalities are contributed more than $100,000 to right-wing candidates and causes over the past two decades. alex tribec donated $3,000 to former republican senator hagel. drew carey gave $100,000 to rand pa paul. are you with me? he has given more than $10,000 to a host of politicians including fred thompson, bob dole, rudy giuliani, john mccain, and rnc chair michael steele. if you're giving to steele you're really a republican. all right. and who knew game show hosts were a hot bed of conservative hosts. i had no idea the game shows

were doing this. speaking of conservative hosts, what would be the game show they would host? jokers wild. joker, joker, joker. i used to love that show. rebecca wrote about this, and she joins me now. i love that you wrote about this. this is fascinating. so let's get to the heart of this. why? >> that is a terrific question. and different scholars, you wouldn't believe it. but there are scholars who study game show hosts and republicans and that sort of thing have a bunch of theorys on the subject, actually. >> no, they can't. they have a bunch of theorys on this topic. >> there's a brilliant academic who has spent many years studying the evolution of game shows in america, and their influence on politics and culture. and he really charts the evolution or the development of the modern form of the game show that we have today to the reagan

years, and they were hugely popular in the 1980s 69, and you saw game shows that used to depend more on knowledge. people had no know something to be successful to the more contemporary where you don't have to know anything. you have to have proper family value ls. there are a lot of shows about conventional love and nuclear families or, "b", be very lucky. and this appeals to a kind of -- you know, this is a little bit of a stretch here. but the theory is it appeals to a rugged individualist. and the person drawn to hosting a game show would believe in a american dream, like you go out there by yourself and that's when you get the wind fall. >> i love all we need to win is give me an "l." >> that was one of the more challenging ones. did you see the girl with the one "l" and solved like a

million-ward puzzle. you have to give her credit. >> that's a skill. my theory is these guys are instain lin rich. >> they are insanely rich. and unlike other people in hollywood, they're good businessmen. the biggest republican donor is merv griffin, who developed a lot of the shows. and many of the regular hosts own a piece of the program. so they're doing a lot better than others in hollywood. >> your interpretation of that is so much kinder than mine. a lot of people don't know they tape the shows in one day. they only work like 13 days a year. it's unbelievable. >> it's the best job in america. >> best job in the world. then they make tens of millions of dollars. so then what do you want? you want tax cuts. >> yes. you don't want to pay taxes. but these aren't just fiscal conservatives. some of them are. you have the outlieers like ben stein funneling tens of

thousands of dollars to republican candidates. if you talk to john o'hurley or pat sajak, alex tribec. it goes deeper than wanting more money in the pockets. >> chuck hagel back in the day was roughly moderate republican. a lot of these are more moderate republicans. it's true so i wanted to point that out. rebecca dana, this was a wonderful conversation. >> thank you so much. >> thank you. everything about going off the grid. think it's an easy way of turning off your cell phone? well, think again. up next, the top five things you need to know to keep prying eyes from knowing your every move. you can't afford to miss this. you better come right back. ♪ [ female announcer ] clear some snow. ♪

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does it ever feel like someone is watching you? well, we're not alone. in a case that should open your eyes to how vulnerable your privacy is in our digitally driven society. this week the fec launched an investigation into whether google broke the law by inadvertently collecting personal data by public wi-fi while photographing neighborhoods for street maps. so just because you're paranoid doesn't mean no one is out to get you. or in in case take a picture of you. but there are ways to protect yourself. you may recognize him from the discovery special track me if you can. thank you for joining us. >> thank you for having me. >> i'm deeply concerned about this. so can they track me based on the ip address? >> sure. basically your ip address is one way that you can be tracked, also by your cellular phone. you're carrying around a tracking device that people use

with a microwave ping that the cells eject all the time. and this is to track down towers. so every time you carry a cellular phone. every time you open up your computer, you're subject to be tracked by someone. >> all right. what if i turned off my phone. does that protect me or no? >> well, technically you're going to have to remove the battery if you want to be completely safe. >> i don't know how to remove the battery. >> just take off the back and pull it out of the phone. >> but that's if i'm on the road. so i know. >> no, i don't want to be on the run. because aparnly they can catch me. >> oh, yes they can. >> then on wi-fi, if you're at a starbucks on wi-fi can the government go in and see what you're doing? can they see the websites you're going on or read your e-mail? >> they are massive complexes of computers that scan television conversations and computer activity. yes, the government can do that as long as you're using your own personal computer.

if you use someone else's computer it's a little bit different when you're logging onto your e-mail or you're logging onto a website or something, that's where you can be found. generally speaking it's a little bit more difficult. >> i'm going to ask you if there's anything we can do. it looks so everwheming u like they can track us no matter what we do. >> it depends. social security it's such a broad sweep of things. the department of homeland security is constantly monitoring stuff because they're concerned about terroristic cells forming and chatter on the line and such. so people need to be wary of the fact that this is far beyond some of the stuff that i see now. it's far beyond what he predicted in 1984 and even huxley. it's just crazy stuff, you know. and i think that the american people need to be concerned about this level of monitoring that we're being surveilled. >> i think that's 100% right.

i mean, this is the big government we should be afraid of. they started with threats of terrorism. they also investigated the quakers. they are nonviolent by definiti definition. >> the idea is they quake. >> i remember when cat stevens, he was arrested as a quote, unquote terrorist. it shows you just how information that is collected in that way can sometimes get disstorted and you can make major mistakes. i'm a huge fan of the prisoner show that used to be on in the '60s. he lived in an environment where he was monitored from the minute he woke up to the minute that he went to bed. >> so let's quickly give people a way to protect themselves. you have a video, right? >> yes, i do. i have a clip of me actually

making a wallet that is safe from rfid scanners, which are basically antennas that can have all your information and, you know, just track everything. >> an rfied blocking wallet. you do that with aluminum foil. you fold it to fit inside the wallet easily. then you take the i.d. and place it inside the wallet. >> so tinfoil does protect you. >> yeah, it protects you only when you don't wear it on your head. if you wear it on your head, it's not going to do very much. >> all right. you learn something new every day. so you can secure your wallet in that way. there are wallets you burr chas that is a very inexpensive way

to do it. people need to really take a look at how much they're being surveilled and what they'll do to defend against it. >> thank you so much for joining us. really appreciate it. >> now, next, my takeaway on the problem that has developed in capitalism. why is the whole system under threat? i'll explain. condensed soups. helps us reduce sodium, but not flavor. condensed soups. so do a few lifts. campbell's.® it's amazing what soup can do.™ [ man ] ♪ trouble ♪ trouble, trouble trouble, trouble ♪ ♪ trouble been doggin' my soul ♪ since the day i was born ♪ worry ♪ oh, worry, worry worry, worry ♪ [ announcer ] when it comes to things you care about, leave nothing to chance. travelers. take the scary out of life.

i want to tell you about a problem in capitalism today. i love capitalism. i think it's the economic system that best fits human nature. but it has develop a virus that threatens the whole system. we've got to fix it so we can save capitalism. today, goldman sachs came out with a report that criticizes some banking regulations. the regulation in essence would require them to keep a certain amount of money in the bank to pay people if their bet goes the wrong way. now that's incredibly logical. the lack of cash to pay off positions is part of what brought down lehman brothers and consequently the whole system with it. but goldman isn't concerned with logic. they are concerned with profits. the more they can gamble, the more they can win.

now to be accurate, it's not really how much goldman can win. it's how much the executives who work there can win and take home. this is actually the problem in our system that is threatening the heart of capitalism. the executives and publicly traded companies don't have skin in the game. if they lose their bets, they don't lose money. the shareholders do. so in their view, who cares? for example, one of the principle men who sank aig was joe kasano. when he lost his bets he was eventually removed from the company bup let's take a look at the results of that. he got to keep his $600 million that he made while running the financial products division. and the american taxpayer got stuck with a $182 billion bill. casano wasn't gambling with his own money. he was ultimately gambling with your money. but when he lost your money, he got to keep his earlier winnings anyway. but even if taxpayers aren't involved, it's the shareholders

that take the hit. not the executives. do you know that none of the privately held financial companies crashed during the 2008 financial collapse? it's because the partners were invested in their companies. it was their money and they didn't want to lose it. so they didn't take the same kind of risk that the publicly traded companies did. you see? that makes sense. that's why we have to change the system. i call this the casano loophole. it isn't just about aig or goldman sachs. it's about the whole system. it incentivizes corporate executives to take higher risk for higher rewards because they don't bear the cost if it goes wrong. that isn't capitalism. that's a perversion of free markets. the game is rigged at this point. and i thought for any party that took that on, whether you are a democrat or republican, that's the change we voted for. unfortunately, i don't think that's the change we got in this financial reform package. if we don't do it soon and fix this up, we're all going to be in a lot of trouble because they're going to keep on taking

those risks and, unfortunately, that's going to lead to more and more crashes that we're going to have to pay for. all right. now that's our show for this friday. i'm jake. you can always catch me on the young turks.com. the dylan ratigan show is awesome and it's up next. [ cellphone beeps ] i'm a teenage girl. [ cellphone beeps ] my bff becky texts and says she's kissed johnny. well, that's a problem 'cause i like johnny. now i'm emotionally compromised, and... woopsies! [ tires screech ] i'm all omg.

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good afternoon to you. it's friday. i'm dylan ratigan. lots to talk about on the g-20. but it's really the g-2. right now china has all the muscle. president obama leaving the g-20 summit with nothing to show for it. and a currency crisis left unresolved. jobs and money fleeing america. moving to china. been happening for more than a decade. why is it happening, and why do your politicians refuse to stop it? plus -- >> let's not kid ourselves and believe that this is what's go