you and beau biden have jurisdictional opportunities here because of where institutions are incorporatedhat had a lot to do with these problems. is there more that could be done at the federal level right now, starting now in 2011 that hasn't been done? are there demands that should be done to hold wall street accountable? >> it's challenging for the president because the republicans in congress have essentially openly declared they'll do things they know hurt the american people just to prevent him from getting a win. but as you say, we do have jurisdiction, because the mortgage-backed securities that brought down the country were all issued out of new york trust or delaware trust. we're pursuing it. you're absolutely right. a lot of folks look at occupy wall street and the other occupations and think they're fringe characters. i hear the same sense that we don't have one set of rules for everyone anymore, that people are not held accountable for misconduct. from every average american you run into, anywhere else, in a community hall meeting, in a diner, all over new york state, i'm sur

delaware attorney general beau biden with us exclusively a little later in the hour. >>> but next, new revelations that the u.s. considered using cyberwarfare, think digital nukes, in the country of libya, no less. are hack attacks america's go-to weapon in the future, and what sort of vulnerability would it create for us relative to say, oh, i don't know, china or russia? the megapanel picks up the gauntlet. and all that plus robots playing ping-pong. you know it's a big show. 4g-- the next evolution in wireless technology. with advanced power, the verizon 4g lte network makes your business run faster: smartphones, laptops, tablets, mobile hotspots. but not all 4g is created equal. among the major carriers, only verizon's 4g network is 100% lte, the gold standard of wireless technology. and while other carriers may have limited lte coverage, verizon is the largest lte network in america and ever-growing. with verizon 4g lte, you can invent new ways to upgrade your business using real-time group meetings from remote locations, video conferencing, mobile credit-card payments, lightning-

and back with us again is delaware attorney general, beau biden.nd if you wouldn't mind, sir, give us a sense of what precisely it is the lawsuit you filed is seeking to pursue. >> well, the lawsuit filed in our court of equity, a nationally known court that you know well, charges that mers violated the trade act. and just that it's an inaccurate, unreliable system. 1995 came along, and in order to feed the mortgage-backed security industry as you know, the fannie and freddie and the largest banks got together with salespeople on wall street and said, it's much too much coup cumbersome to file and rerecord mortgages in recorders of deeds offices across the country. it's what we've done for centuries. so they decided to prooitize it, on their own. and in doing so, they did two things. they avoided millions upon millions of fees, and are able to more nimbly secure ties to mortgage backed securities. but they forgot to keep track of mortgages. and in delaware, in 72% of the cases we've investigated, and this is just the beginning, they've literally fo

beau biden plan was a solution.t we did in pennsylvania, before i became governor, it was put in place and i increased the funding when the mortgage crisis hit, we have a plan in pennsylvania where we'll give homeowners who lose their jobs low -- no interest loans to -- to pay their mortgages until they get back to work. those are things that are positive solutions, and not saying that essentially, hey, you made a bad deal, you lost your job, you can't pay your mortgage, who cares. that's the answer. if you're running for president, don't just criticize the other guy, have positive solutions. >> michael, you can respond. >> look, i don't even disagree with that, nor do i disagree with what ultimately al was saying about the sensitivities here, and i'm totally there with that, and i believe that, yeah, the way you say things at a time like this does matter and it connotes an attitude, if you will, about my situation and that is not helpful, but the only point i was trying to make is what romney was saying was trying

schneiderman, beau biden of delaware wants to address those issues.a low-ball $20 billion settlement. they should move their position toward mr. schneiderman and mr. beau biden. >> simon johnson of m.i.t. and the huffington post and former chief of the imf. i don't know who started to speak to you. it wasn't me. but i'm sorry about that. i wasn't trying to interrupt you. thank you for being with us tonight. i appreciate it. >> thank you. >> we'll be right back. every time a local business opens its doors or creates another laptop bag or hires another employee, it's not just good for business. it's good for the entire community. at bank of america, we know the impact that local businesses have on communities. that's why we extended $7.8 billion to small businesses across the country so far this year. because the more we help them, the more we help make opportunity possible. the two trains and a bus rider. the "i'll sleep when it's done" academic. for 80 years, we've been inspired by you. and we've been honored to walk with you to help you get where you

we're also going to bring in delaware attorney general beau biden.s the jets try to turn their season around on monday night football against the winless dolphins. highlights are straight ahead in sports. first to bill karins for a check on the forecast. >> mika, you get so excited talking about the football games as always. good morning everyone. this is going to be the last really nice fall day from the mid-atlantic to new england. it looks like wednesday is going to be wet. thursday is going to be cool and windy. here is a look at all the nasty weather now in the southeast down to florida, also traveling through arkansas. this is all going to head up the east coast on wednesday. so right now the heaviest of the rain is down in florida. that's going to head northward during the day today so in atlanta, everywhere in georgia by the way, you need your umbrella. again, we're dry from boston to d.c. this is going to be a gorgeous tuesday but the conditions are going to go downhill tomorrow. we're also watching stormy weather in areas of arkansas, tenne

. >> beau biden, attorney general of the state of delaware, thank you for taking the time to talk withus about this tonight. i've been looking forward to talking to you about this for a long time, sir. thanks. >> thanks for your coverage on this, rachel. it's been phenomenal. >> thank you. i will say with so much popular concern about accountability on wall street, the sense that wall street got away with what they did and left the whole rest of the country holding the bag, we've been as a show trying to look into ways to find where that accountability might come from. and i'm telling you, the states is one of the places to watch. and if the president wants to make a case that he's on the side of the 99% and the republicans are on the side of the 1%, a lot of people are going to be looking to the federal government to see them put some -- put their money where their mouth is on that. i've got to say it. all right. we've got the best new thing in the world coming up tonight. something they said could never be done has been done. we have the tape to prove it. even though we have to show

attorneys general like eric schneiderman of new york who we had on the show last night and also beau biden, the attorney general in delaware who we hope to have on the show tomorrow. these are the guys who are trying to figure out if anybody else should be dragged off of wall street in handcuffs for what they did to this country. not for typical wall street insider trading white collar crime but what happened at the end of the bush presidency that blew up this economy for which we still have not recovered. so far that hasn't happened. you have these two huge things in american politics. these two basic truths. we're grinding through the worst thing we've been through since the great depression and it was man manmade. pfs a catastrophe caused by certain people screwing it up, knowingly, recklessly in a way that did not hurt them at all but really hurt us as a country. we got that. the same time, the mega class those guys are from, they really did shrink the american dream down to the size they could drown it in a bathtub then they drowned it. economic policies that benefit the very, very, v

small state, but it's big in the corporate world, in terms of law making, and take a listen to beau biden, the attorney general there, when he was on the show last week. >> my view of the world, and it's been formed every day the investigation we're doing, these banks have almost -- my hypothesis is, they've lost track of who owns what in america. they literally have lost track of who owns what. the borrower is so disconnected from the person that own the mortgage, the investor, and it's been sliced and diced 15 times. >> do you agree with that? >> yes. part of the story is massive fraud in the sale of collateralized debt obligations. a federal agency has sued 17 of the largest banks, claiming that they engaged in endemic fraud and that there's a paper trail establishing that they knew their actions were fraudulent. and there's still no indictments from the federal level. so it's left to the states and to your honor roll, i would add the california attorney general harris, who i applaud in that column, because she too withdrew from the state settlement, which is being pushed by the obama

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