feinberg looks and listens.an endlessly moving target, he takes his hits at meeting after meeting, makes his pitch, and moves on. >> where did i start yesterday? from new orleans, right? up to alabama, yeah. >> we joined him at the crack of dawn, where he was calmly preparing for another day of personal abuse. >> with all due respect, 5,000 people have got checks. that's not enough. >> 5,000 out of 20,000 claims sucks. that's not very good. >> it's been ten days now. can we take whoever programmed this, take them down in the swamp, drop them off for ten days, and let them wait on us to go pick them up to see how it feels to keep waiting? >> i don't think you should keep waiting. i told you you wouldn't have to keep waiting. i can't speak-- >> it's a contradiction of your word, sir. >> i know. there may be-- it won't be the first time. i'm trying. >> feinberg acknowledges he's dealing with a weary and frustrated population who may distrust a hotshot lawyer with a boston accent. >> what these fishermen and others

>> this is from lloyd feinberg -- i don't know if i should say his name, but my dentist. [ laughter ] >> jimmy: you don't want to say his name? i know who your dentist is, lloyd feinberg. >> of course you do, everybody does. [ laughter ] >> jimmy: he's internationally famous. >> one of the best. >> jimmy: he is. >> but he's also, you know -- he sent a stripper to my mom's house for my birthday. >> jimmy: it was at your mom's house? >> yeah. >> jimmy: oh, my gosh. >> very awkward. >> jimmy: what did he do? did he -- >> well, a woman came, and it was a big guy who presses play on a boom box. and she started dancing around and i felt really funny. and i still remember the kind of strawberry flavored lotion smell from her skin. >> jimmy: oh, my gosh.

ken feinberg, you have done it. i think it is putting on -- my role both as a tv host and someone who was involved in this done masterful work in bringing justice to families at a moment of grief where they needed both the funds and closure because having these litigations continue forever would have been damaging emotionally as well as financially to them. >> to hear that from somebody like spitzer means a great deal. >> eliot: ken feinberg, author of who gets what, thank you for coming in. more "viewpoint" coming up. what we need are people prepared for the careers of our new economy. by 2025, we could have 20 million jobs without enough college graduates to fill them. that's why at devry university we're teaming up with companies like cisco to help make sure everyone's ready with the know how we need for a new tomorrow. [ male announcer ] make sure america's ready. make sure you're ready. at devry.edu/knowhow. ♪ ♪ >> eliot: as we mark the 11th anniversary of 9-11, a vast array of emotions are evoked from anger an

stay with us. >> rose: ken feinberg is here.s been at the center of some of the most complex legal fights of our time. his specialty is unique. for 28 years he's been called upon to dispense justice by compensating victims of nationally recognized tragedies. he became known for his role as special master of the 9/11 victim compensation fund. six years later he's contributed money to those affected by the virginia tech massacre. in the aftermath of the financial crisis the obama administration appointed him to set limits on pay of the companies that receive the most bailout funds. he oversaw payouts to the victims of the oil spill in the gulf of mexico. he "chronicle"s these cases in a new book called qhot gets what: fair company compensation after tragedy and financial upheaval." i'm pleased to have ken feinberg back at this table. welcome. >> thank you. >> rose: does anybody on the planet... you know where i'm going, do what you do? are you it? >> no, i don't think i'm it. i'm probably it when it comes to very public nationally

ken feinberg, a true joy to have you on set. the book is "who gets what, fair compensation after tragedy and financial upheaval" on sale today. ken feinberg, thanks for your time. >>> coming up, governor romney just weighed in on the supreme court's immigration ruling, kind of. we will have that for you next. yep. the longer you stay with us, the more you save. and when you switch from another company to us, we even reward you for the time you spent there. genius. yeah, genius. you guys must have your own loyalty program, right? well, we have something. show her, tom. huh? you should see november! oh, yeah? giving you more. now that's progressive. call or click today. constipated? phillips' caplets use magnesium, an ingredient that works more naturally with your colon than stimulant laxatives, for effective relief of constipation without cramps. thanks. good morning, students. today we're gonna continue... i don't have to use gas. i am probably going to the gas station about once a month. drive around town all the time doing err

ken feinberg, the managing partner of feinberg rosen, also the special master for the treasury department, you know his responsibilities as well for the 9/11 fund and also for bp so thanks to kenneth feinberg. harvey pitt, former chairman of the securities and exchange commission, the ceo here in washington, and we are also pleased to have jill summers a commissioner with the commodity futures trading commission leading the commission's investigation into mf global among other things. megan. >> thank you so much, peter. thanks for being here. so our panel is the future of banking. we have a diverse panel. we're going to hit on a lot of topics. i want to start out by getting all of your takes on that very question, what are banks going to look like five or ten years from now? we've got so many unknowns with dodd frank, so many rules yet to be written. where do you see this going? jill, i'll start with you. >> so from the cftc's perspective, we have issued over 60 different proposals regarding title 7 implementation, we finalized over 30 of those rules. and you know, many of those rules are

feinberg comes to the project with specialized experience. he's also been hired by penn state who help claims by victims. ken feinberg joins me this morning. >> good morning. >> why do you think specifically you've been called in to help manage these funds once again? >> well, i think the previous funds worked, they were successful, 9/11 and virginia tech, agent orange, bp. and i think that success sort of breeds a repeat performance in these rare situations where compensation is ready to be distributed to innocent victims. >> if you look at the numbers, i believe only $5,000 so far has been given to each of these families. how quickly are you hoping to get the money out to them? >> well, we hope in a matter of weeks. that's the key. i've learned in all of these programs going back to the 1980s with agent orange, get the money out, get it out fast. all the words in the world are no substitute for getting the compensation distributed as soon as possible to eligible victims. >> i remember during the bp oil spill you held a series of community m

feinberg comes to the project with specialized experience. he's also been hired by penn state who help claims by victims. ken feinberg joins me this morning. >> good morning. >> why do you think specifically you've been called in to help manage these funds once again? >> well, i think the previous funds worked, they were successful, 9/11 and virginia tech, agent orange, bp. and i think that success sort of breeds a repeat performance in these rare situations where compensation is ready to be distributed to innocent victims. >> if you look at the numbers, i believe only $5,000 so far has been given to each of these families. how quickly are you hoping to get the money out to them? >> well, we hope in a matter of weeks. that's the key. i've learned in all of these programs going back to the 1980s with agent orange, get the money out, get it out fast. all the words in the world are no substitute for getting the compensation distributed as soon as possible to eligible victims. >> i remember during the bp oil spill you held a series of community m

feinberg today called the events devastating. joining me now is daniel gross the global business editor for "newsweek" and the "daily beast." he has been covering the cerberus story. he's coming to us from new york. welcome back inside "the war room." >> good to be here. >> jennifer: so how significant is it that the california teacher's pension is threatening to divest from this fund and what does this portend for other potential pension funds? >> i think it actually is pretty significant. i wouldn't say it is a dirty little secret. it is very little known if this whole private equity industry, we're talking about the blackstone group and bain capital and kkr and cerberus, all of these billionaires who are buying and selling companies, this whole industry only exists because public employee pension funds invest lots of money into them. it got started with the oregon public employee pension fund. any viewers out there if you work for a city or state or teacher, you can go to the web site of your retirement fund and see, they will

very excited. >> ken feinberg is with us.who gets what." >>> and will cain, contributor to theblaze.com. >>> and now to christine for a look at the day's top stories. >>> breaks news for you just in to cnn. a killer avalanche in the french alps. police say nine people are dead. three germans, three english, two spanish, and one swiss tourist. four people are missing at this hour, and the search is underway in the alps. it is already the deadliest such disaster there in a decade. >>> legacy on the line. in one hour, former fbi chief louis freeh will release his report commissioned by penn state university on the jerry sandusky sexual abuse scandal. it will detail whether joe paterno and school administrators could have done more to stop the child predator. a seven-month-old letter surfaced from the late joe paterno surfaced yesterday in which he defended penn state, saying, quote, this is not a football scandal. a live report is coming up in about 30 minutes. >>> florida's state attorney plans to release fbi reports later toda

feinberg.od to have you on the program. >> glad to be here again. >> this is such a horrific story. let's talk first about the penn state victims' claims. it is so terrible and shattered so many lives. can you remain unemotional when looking at each case? >> no. unless you have a heart of stone, i don't anybody could remain unemotional. but you're given an assignment. you try and be as professional and as objective as you can. then the penn state situation, i'm really a facilitator working with the lawyers for penn state and the victims to try and reach an accommodation. it's much different from aurora or from bp or 9/11. this is an old-fashioned negotiation in an effort to reach a settlement. >> so it's still unclear where this money is going to come from. i mean, penn state says settlements will be paid by the school's insurer. the insurer is contesting this. so do you know for sure that there is money available? >> yes. penn state has made it very clear to me that whether it's the insurer, w

gary feinberg: quite often i will see a patient that's been referred to me by another doctor. i'll have a pulmonologist-- a lung doctor-- who will send me a patient who has asthma, and the pulmonologist wants me to assess whether or not the sinuses are causing the asthma problem. and after assessing the patient, getting the radiological studies, and determining that there's sinus disease, then i call the pulmonologist, and i call him on the phone or i call her on the phone and say we have this problem. the patient's going to need surgery... the patient will need to be in the hospital for a couple of days because of their lung problem or asthma. we work together as a team in taking care of the patient. this kind of coordination helps patients navigate the medical marketplace. it is particularly critical for anyone with a chronic condition. laura mosqueda: it's scary to be faced with a disease that might go on for 10, 15 years, where there really isn't hope for somebody getting better from it. then i think we need to provide ongoing office visits in terms of availability for peo

feinberg. >> that's right.s of thousands of people who didn't provide any documentation. we do things with a handsha handshakedohandshak handshake down here in the gulf and you ought to pay me on that handshake. >> we have a little bit of breaking news. the cftc and barclays, they are settling this libor issue. >> it's not a day until you talk about the london interbank offered rate, is it? >> no but it's an interesting case. >> did i even get that correct? >> it's an interesting case. we should get to it. >> maybe the attorney and settler of all disputes -- >> have you ever probed libor? >> no. >> there's a probe into allegations that some of the bank employees manipulated the london interbank lending rate. it was what we used to dictate in 2008, 2009. now we look at what's happening with the ten-year note and spain and france and germany. this is what we used to look at every morning when you first came in. the idea can you manipulate this and set unease into the market is a pretty huge issue. >> we're going

the settlement will put current claims administrator ken feinberg out of a job. a new administrator will be appointed by the court. feinberg has been accused of some of being stingy in his assessment of the losses. under the proposal, b.p. does not admit any liability. b.p. does not settle the civil claims filed by the federal government or the states of louisiana and alabama. lester? >> all right, thanks. >>> also tonight, there's a brewing scandal involving the nfl's new orleans saints. the league says saints players maintained a bounty program over the last three seasons involving payments for players who targeted opponents with the aim of injuring them. the nfl says more than 20 players and at least one assistant coach are involved. punishments could include suspensions and fines. >>> the name stan sterns might not have been a household name, but a photograph he took became a symbol of our time. it was sterns who snapped the picture of john kennedy, jr., jo john john, saluting his father's coffin at the slain president's funeral in 1963. sterns was assigned t

i saw the bushmaster gun and it's own by the freedom group owned by cerberus, and stephen feinberg is the rest of the country explains what happened to their kids, what happens to his family? and at the point of investment, do we really want to be making money from the sale of these weapons? he has got enough money. does this really need to happen? i thought you know, we need to look beyond the regular debate of the gun policy debate and see who is profiting and see who makes money from the sale of bushbushmaster rifles. >> eliot: you're on on to something both in the vigil that you held, but feinberg has to decide, this is not what you want to be. how do you look your kids in the eye. if you can put pressure through the money, you can get people to change their behavior. you've done that. cerberus-- >> i was infuriated that at 1:00 in the morning they came out and said they want to sell the freedom group? they've been profiting from bush bushmaster rifles for six years. this is not the first incident that has happened. 34 people killed by guns a day. it's not necessarily for any mora

steven feinberg's father lives in newtown, connecticut where this occurred. and it is the kind of thing i find so strange, that for somebody like steven fineberg, who was perfectly happy to own this company that was churning out these assault weapons, suddenly, because it happened in his neighborhood suddenly has a different reaction to it. you have to wonder, what would the steve feinberg's do would they be happy to collect their blood money if this had happened in some other state? >> well, you look at a lot of people reacting to this, who never had the kind of reaction you and i had, for example to any of these other shootings. so i guess it doesn't shock me so much that a guy who owned this company, suddenly looked up and said oh, my god, i was involved in this. i think people didn't think about it as much as they should. and i also think again, it is a sign that he is sensitive to the way people are responding to this and probably just wants to get his company as far away from any connection to this possible event as he can. >> but this is a new reaction

feinberg. feinberg is reportedly an avid hunter and sportsman, a major republican donor. and his father happens to live in newtown, connecticut. martin feinberg declined to comment on his son's firm's sell, but told bloomberg news the shooting was devastating and truly horrendous. joining me tonight congresswoman carolyn mccarthy of new york. congresswoman, thank you for your time tonight. >> thank you. >> this is really an unprecedented move. what do you make of this, this firm making a move like this, and of course being, in a sense, pressured by the teachers pension fund in california? >> well, i can certainly understand it, because some statements have come out saying that teachers should be armed. talking to certainly an awful lot of the teachers in the last two days. that's the last thing that they want to do. so i can understand that. and you're looking at a lot of these pension funds that are being invested in this company. and they don't want any part of this. so i'm very happy, because, you know, we have investment funds that only do social issues. and i'm glad

feinberg diagnose an extraordinary job in being very fair to the state of florida. most compensation as a result of the fund that was established. but it's very important to have that accountability. >> and actually, ken feinberg will be joining us on monday. i want to hope this up to the panel a little bit. i was at the white house with -- with the indutiable lynn sweet when the spill began. i remember when we were talking about putting the segment together, that camera on the gusher forever, and literally the national sort of shame and horror that this was going on. .what is shocking to me two years late ser there is now hue and cry from republicans about the permitting process for offshore drilling not being fast enough. there is no talk about reforming our dependence on fossil fuels. there is very little actual sort of reform that's happened within the industry. the president set up an oil commission to look at cause of the disaster. congress will not enact any of its recommendations. >> two years ago, it was very revealing when obama said can't we just plug the

feinberg: our rates of c-section in santa monica are high.we really want to do not one more c-section than necessary, but in all of these improvements, it's changing behaviors of patients, it's changing behaviors of providers, and trained as a psychiatrist, changing behaviors is a very, very difficult thing to achieve. so, our big day today. here you are, 39 weeks. can you believe it? it's been a long pregnancy. well, as we talked before, we have kind of a couple options about how to get this baby out, and option "a" was to try for a vaginal birth, and option "b" is to do a c-section. mm-hmm. you had a c-section last time. and as we talked about, we have kind of some risks either way. mm-hmm. if we went for a vaginal delivery, the main risk would be something called a uterine rupture. so my understanding is that we've decided not to go with the vaginal delivery and we'd like to do the c-section, right? ok. that's for sure. tell me how you really feel. yeah. let's do this. let's get this baby here. we worked to reduce elective induction. as a

(sot: susan feinberg)"we discovered that they hhd cashed checks for 17-thousand dollars."'t sure how the crooks got crucial information like her social security name. but frequently people are fooled into shaaing those details online.consumer reports reveals america's worst scams - many of which ttp into ever-changinn technology. (sot)"we've cautioned against phishing e-mails that trick you to reveal your personal information. but now scammers have figured out how to lure you on your cell phone."(v/o) &pin this type f fraud - calle smishing - a phony link from a major retailer appears in a text message offering, for instance,,a thousand-dollar grabbing your information.even e-mail phishing scamm have gotten more sophisticated. this looks like an e-mail to confirm a flight, and this lookk like an invoice from ups. (sot: kim kleman) "old-fashioned scams alss work. we found plenty that come in the mail, as a knock - phone."(v/o)for instance, callers ho say they're from a reputable company offer to slash your credit-card interest rateeor fix a computer virus they've deteeted.

(sot: susan feinberg)"weeddscovered that they had cashed checks for 17-thousand dollars." sure how the crooks got crucial information like her social security number and mother's maiden details online.consumer those - reports reeeals america's worst scams - many offwhich tap into ever-changing technology. (sot)"we've cautioned against phishing e-mails thaa trick you to reveal our personal information. but nnw scammerss have figured out how to lure you on your cell phone."(v/o) in this type of fraud - called smishing - a phony link from a major retailer appears in a text message offering, for instance, a thousand-dollar gift voucher. the oal? grabbing your inforration.even e-mail phishing scams have gotten moreesophistiiated. this looks like an e-mail to confirm a flight, and this looks like an invoice from ups. (sot: kim kleman) "old-fashioned scams also come in the mail, as a knocc phone."(v/o)for instance, - callers who say they're from a reputable company offer to slash your credit-card interest rate or fix a computer virus they've detected. all you need to do is pay a

like to do is send senator feins you letter and attached the response directed to state senator feinberg to it, so to have final approval of that letter, and the letter i will make sure we have. i cannot do that, but it would come under the signature for both you and i've. >> this is great. i have got to thank you for doing this. >> we need to address this further, because even though i consider it a good step forward, i still feel like there is a lot of holes, and we need to continue to address this, and whether we do it through legislation or we suggest something ourselves, i think we need to continue this discussion. >> i would like to get something written and submitted relatively soon to them, because there is high variability on the types of reports and suggestions. good eveninthere is still not ae that if they make a recommendation but another individuals may come along and challenge the determination and the fight but we have seen with lawsuits they are being filed in federal court, so we have seen one determination from the fourth circuit's where a judge made a determination of