government, uber lawyer, david boyd. alowing a $5 billion class-action lawsuit against the government, suit claims part of the aig bel bailout was unconstitutional, representing a company starter international, david boies taking on the government, here and only here, by the way, before we get to david, the treasury department gave us this statement, two months ago, aig board reviewed the allegation against the company, and decides that they were not worth pursuing we continue to believe that claims have no merit, and we'll continue to defend the case vigorously. what do you make of just that? >> well, you would expect them to say that, they almost got to say that. neil: a big rescue we can't reverse. >> the key thing, is that statement ignores what the judge has held. remember they made a motion to dismiss, it was denied. second it ignores the admissions they made in the lawsuit. they admitted that they did not have the authority to take on the equity, they did not have the authority -- neil: aig, further did not have t

i asked david boyd, who represented me, to write a letter. now, i know that bill cohen asked the others, for example, this transaction affects shareholders' equity or earnings and he said no, it does not affect the. you have approved it for five years in a row. we cannot do that. putting pressure from the national office. there were any pressure from spitzer. they asked, well, just circle that. it had no effect on earnings, so what is the difference? he would not do it. and so it was clear that there was -- that spencer had one aig over. i left the company. i left the find which led to class-action suits of several billion dollars more. well, you think about what this man did. he went on national television and accused me of criminal fraud without ever having invited me or presenting any evidence that i did anything wrong. john whitehead wrote an op-ed in the "wall street journal" commenting how and attorney-general can do this to one of america's leading ceo's. spencer called and threatened him after that. so clearly what happened in corpora

i asked david boyd who represented me to write a letter of my resignation. i know that bill can't asked the auditors, for example, does this transaction affects shareholders equity and he said no, it does not. but we can't do that now. it was clear they were getting pressure from their office. he asked, will circle that, so what's the difference? he wouldn't do it. so it was clear that spitzer had one aig over. they then paid spitzer a billion $600 fine. that led then to class-action. that led then to class-action suits for several billion dollars more. so you think about what this man did. he went on national television and accused me of criminal fraud without ever having indicted me are presenting any evidence that i did anything wrong. john wrote an op-ed in "the wall street journal", commenting how can attorney general do this to one of america's leading ceos? spitzer called him and threatened him after that. so clearly what happened in corporate america is that boards last enormous power. ceos last enormous power. bortz took over more and more responsib

court of such importance, where people are being discriminated against so blatantly, ted olson and david boydcolumn in the "wall street journal" today talking about the supreme court 14 times, 14 times that the right to marry is a fundamental right. this is discrimination and it's unconstitutional. i think the supreme court should rule on it. this is -- for them to have, cowardedss and say we don't want to touch this, because it's a hot topic. sending it back to states. we have don't send -- we don't put rights up to a vote. it's the same thing with zil rights. this is a civil right. this is the same argument made with race. let the state decide. no. you don't let people vote on whether people have fundamental constitutional rights. >> every time this is put to a vote, on a state level, it's gone against it. should this be something do you think susan decided by the courts or should it be decided democratically through referenda across all the states? >> the counter argument would be allowing the states to decide, you have more buy-in, whatever the outcome will be. nine states voted to endors

attorneys david boyd and ted olson spoke to gloria borger. gloria is here. working really hard on this big piece. it is documentary. tell the viewers, why did these two join forces? >> after they fought against each other in bush versus gore in the year 2000, decided that election, they became really good friends. and ted olson, the conservative, was first called for this case. then he picked up the phone, and he called his friend david. and listen to what david said about it. >> in the very beginning, there was a curiosity factor. >> the odd couple? >> the odd couple getting together. which i think actually served us well. this is an issue in which, if you pay attention to the issue, if you think about the issue, i think you can only come out one way. the challenge sometimes is to get people to think about the issue. and i think that one of the things that are kind of novelty odd couple status did was attracted people to listen to us. in the first place. and to begin to think about this issue, in ways that they hadn't thought about it before. >> so it was r

if that gets better, boyd is a big beneficiary. davidside market is of course key to all this is the software companies that have to develop the software planning that these models are going to need. it got to be very sophisticated stuff because you don't want anybody hacking into some of these software models. what software companies might benefit from this? >> some of the gaming equipment suppliers we cover, traditional companies like igt, that is probably the best place in this space. >> igt? >> they're in the midst of a little bit of a proxy battle but they have multipronged online gaming approach. they have social gaming business called doubledown. that is one of the top revenue producing apps on the iphone store. in addition they have got the software capabilities to help casinos provide, develop white label services. so if boyd or some of these other companies don't want to build it on their own they can provide that capability. liz: do you get the sense that new jersey has any dunnside to this at all, joel? of course there are pe

boyd gaming also a standout. "after the bell" starts right now. david: so here's question, when is it tir moyle actually good for the markets and the economy? well, when it is overseas. renowned professor jeremy siegel telling us why the european crisis could be a win for the u.s. and send the markets soaring to 16,000. liz: protesters are a win for us. we'll fund out more from dr. siegel. we know the feeling standing on the corner waiting for the taxis and being surprised how much that meter ran up while you sat there in the car with traffic. a new company hopes to make that aggravation go away by making taxis obsolete. ceo of sidecar is joining us. david: want to hear about that story coming up. we'll tell you what drove today's markets with today's data download. it is a down day on wall street as investors worry what is next for the eurozone. stocks gave up gains on all three major indices, ending the trading day low. industrials and materials led the decline. well the euro extending its losses against the dollar falling more than 1% to a 4-month lo