>> bernie! hey, bernie, give me one nice shot, buddy. bernie, turn around, buddy. come on! >> smith: the year was 1960. madoff had just graduated from hofstra college and married his high school sweetheart, ruth alpern. he was working out of her father's accounting firm in midtown manhattan. from there, he launched a career as a market-maker, matching buyers of stocks with sellers on wall street. >> he started this little stock trading firm, one of many in wall street's outer fringes at that time, and slowly built it up, building up customers. it was kind of like a wholesale firm. >> he would actually pay clients such as fidelity, charles schwab. he'd pay them a penny a share to come and trade through him. so he saw lots of trading volume that way. >> smith: in other words, he would pay for what they call "order flow"? >> exactly. >> smith: what wasn't known on wall street was that madoff had a side business as an investment advisor. >> the investment advisory business operated, so far as we can tell, completely under the radar. we know, to some extent, that it began small;

bernie served on the board. you see the university of jewish philanthropy.he became known and not community. so yes, initially it was an affinity fraud, certainly. he was playing on the trust that he gathered simply by being a member of that group, a respected, generous, philanthropic member of that group. but by its sand, paint it eat last ticket of its life, it is the last affinity fraud, far behind. you know, the sovereign wealth fund of abu dhabi fell forward $440 million. investors in the persian gulf who never dream a kid from queens is running their money or he did know that he was earning their money and thought of it only as a senior executive of nasdaq or investing with madoff. so far out it it's affinity root, but it began there. >> could you discuss the folks who withdrew phony profits and the rationalization that they really should keep that money, even though it was a ponzi even though it was a ponzi scheme by definition and came from other people's pockets? >> you know, the tragic thing about a ponzi scheme and that such a good question becaus

bernie served on the board. you see the university of jewish philanthropy.he became known and not community. so yes, initially it was an affinity fraud, certainly. he was playing on the trust that he gathered simply by being a member of that group, a respected, generous, philanthropic member of that group. but by its sand, paint it eat last ticket of its life, it is the last affinity fraud, far behind. you know, the sovereign wealth fund of abu dhabi fell forward $440 million. investors in the persian gulf who never dream a kid from queens is running their money or he did know that he was earning their money and thought of it only as a senior executive of nasdaq or investing with madoff. so far out it it's affinity root, but it began there. >> could you discuss the folks who withdrew phony profits and the rationalization that they really should keep that money, even though it was a ponzi even though it was a ponzi scheme by definition and came from other people's pockets? >> you know, the tragic thing about a ponzi scheme and that such a good question becaus

that's bernie marcus' own words.st up, the dow closed 102 points lower, the nasdaq down 12, the s&p down 30. two big fears, holland and hollande seemed to drive fears today. joining us with a map of the markets, we bring in phil orlando, chief exist strategist at federated investors and zack cara bell. phil, i know everyone was blaming europe and spain and holland and hollande today. i want to take a counter view. i think it was the lousy jobs report at the beginning of this month that started this correction, including the rise in jobless claims, including all the so-called spring data, and until those economic numbers get better, i think the correction coues. >> don't disagree with that, larry. >> oh, okay! >> we've certainly got the weather-related or the easter-related issues with the jobs report to concern ourselves with. europe, i think, was a big deal. and then in asia with the slowing chinese growth is a concern as well. so i think you had sort of those three hickeys that were sort of combining in the market

bernie served on the board. you see the university of jewish philanthropy.he became known and not community. so yes, initially it was an affinity fraud, certainly. he was playing on the trust that he gathered simply by being a member of that group, a respected, generous, philanthropic member of that group. but by its sand, paint it eat last ticket of its life, it is the last affinity fraud, far behind. you know, the sovereign wealth fund of abu dhabi fell forward $440 million. investors in the persian gulf who never dream a kid from queens is running their money or he did know that he was earning their money and thought of it only as a senior executive of nasdaq or investing with madoff. so far out it it's affinity root, but it began there. >> could you discuss the folks who withdrew phony profits and the rationalization that they really should keep that money, even though it was a ponzi even though it was a ponzi scheme by definition and came from other people's pockets? >> you know, the tragic thing about a ponzi scheme and that such a good question becaus

don't take the kids to "bernie." be -- yeah, an eye-opener in the wrong way. >> jack, thanks for coming to see us. >> thanks for having me. >> good to see you, jack. >> "bernie" opens this friday in select theaters. and coming up next, little big town is here with an exclusive announcement. it's worth waiting for. right after this. ♪ follow the wings. ♪ [ male announcer ] tough on sweat. ♪ not on skin. get powerful 48 hour sweat protection plus 1/4 moisturizer technology. only with dove men + care deodorant. ya', you betcha honey. ya' think so? mm-hmm. [ male announcer ] some mornings, you just can't eat at the table. introducing eggo wafflers, a new kind of waffle packed with flavors like brown sugar cinnamon roll so you don't need syrup. new eggo wafflers. ♪ >>> there you are, listening to the new single "pontoon" by little big town that hasn't even hit the radio stations yet. >> and while we could listen to this all day, the group itself is here with some very exciting news. the exclusive announcement of this year

>> what happens with every phone call, a message was taken and i turned it over to bernie and bernie handled it from there, but we called his lawyers because we don't talk to someone represented by counsel pursuant to our rules of ethics. so no contact was made specifically between mr. guy who was and is still prosecuting a first degree murder case where our victim is a former marine brutally shot for a few dollars at a gas station here. we varvel brutal homicides that we fight hard -- we have unfortunately brutal homicides that we fight hard for all the time. we will fight just as hard in this case. >> did your findings affect the department of justice? >> thank you for asking that. the department of justice conducts their own investigation. i've been in contact with our u.s. attorney, tom battle one of the department of justice people who helped us with a lot of the civil rights contacts and issues. he's helping us. a whole slew of doj lawyers are helping us, but they aren't helping us on our part of the investigation and we aren't helping with their part of the investigation. we a

bernie goldberg on that. caution, you're about to enter the no spin zone, the factor gibbs right now. captions by closed captioning services >> bill: hi, i'm bill o'reilly. thanks for watching us tonight. we'll have the latest on the secret service prostitute scandal upcoming. first, talking points memo. personal generosity and social justice. president obama and vice president biden have released their 2011 tax returns. once again what they donated to charity is instructive. as you may know, the president and the democratic party in general want tax dollars to be redistributed in order to impose social justice on the nation. republics oppose that. supporting safety nets but not cradle-to-grave entitlements. last year the president and mrs. obama made about $800,000 and they donated 22% of that to charity. very generous. the largest contribution was to the fisher house, which helps military families. but vice president biden is another story. he donated just over 1% of his entire income to charity. that's pau

bernie, thanks very much.eality check on deck, chris christie the secret service prostitution scandal, lead the way. check is next >> bill: back of the book segment, reality check, we begin with the secret service prostitution scandal. check one, so far 12 agents have been investigated, six out of a job. five remain on forced leave. one has been partially cleared. also leon panetta says a bunch of military people lost security clearances, but not say how many. some columnists are making the scandal political. >> i think it's really bad for progressives, liberals when any of these scandals come up because progressives and liberals are people who say, based on history, government can accomplish great things. i think these scandals thwart the progressive side more because they feed this doubt that the public has. >> bill: for the record, check does not believe there is political component to this story. check two, white house spokesman jay carney agrees with me. >> it is preposterous to politicize the secret serv

i can't do this hear bernie finally said. and religious other thing is that he entered quote the world of the surreal. what could possibly be so bad that he couldn't even discussed at the office. but it would go to your part may andrew suggested. i will go in my past? berney cleared his throat. peter you stand on the show while we go to the apartment. he nodded and left the office. the coat closet outside his office. as they struggle into enter jerry said to secretary, bring the car around. we value? the market is open i can do his chops from time to time. when you're in business. andrew, mark and burning that the elevator in silence and waited for lee watching the rain streaked across revolving door there was no smalltalk. andrew tried to blend into the surroundings, wishing he could be teleported to the parent department so he could get whatever is going happen happened over with. the car pulled up to a backlight, not me. again the road in silence. bernie sanders between his two sons in the back seats, misty head and shakin

bernie goldberg on that. caution, you're about to enter the no spin zone, the factor gibbs right now. captions by closed captioning services >> bill: hi, i'm bill o'reilly. thanks for watching us tonight. we'll have the latest on the secret service prostitute scandal upcoming. first, talking points memo. personal generosity and social justice. president obama and vice president biden have released their 2011 tax returns. once again what they donated to charity is instructive. as you may know, the president and the democratic party in general want tax dollars to be redistributed in order to impose social justice on the nation. republics oppose that. supporting safety nets but not cradle-to-grave entitlements. last year the president and mrs. obama made about $800,000 and they donated 22% of that to charity. very generous. the largest contribution was to the fisher house, which helps military families. but vice president biden is another story. he donated just over 1% of his entire income to charity. that's pau

>> do the bernie! >> no. >> no way. >>> all right. have a great day.n the franchise to get the word out. that could work. or you could use every door direct mail from the postal service. it'll help you and all your franchisees find the customers that matter most -- the ones in the neighborhood. you print it or we'll help you find a local partner. great. keep it moving, honey. honey? that's my wife. wow. there you go. there you go. [ male announcer ] go online to reach every home, every address, every time with every door direct mail.

bernie, thanks very much.ty check on deck, chris christie the secret service prostitution scandal, lead the way. check is next [ male announcer ] when this hotel added aflac to provida better benefits package... oahhh! [ male announcer ] it made a big splash with the employees. [ duck yelling ] [ male announcer ] find out more at... [ duck ] aflac! [ male announcer ] ...forbusiness.com. ♪ ha ha! >> bill: back of the book segment, reality check, we begin with the secret service prostitution scandal. check one, so far 12 agents have been investigated, six out of a job. five remain on forced leave. one has been partially cleared. also leon panetta says a bunch of military people lost security clearances, but not say how many. some columnists are making the scandal political. >> i think it's really bad for progressives, liberals when any of these scandals come up because progressives and liberals are people who say, based on history, government can accomplish great things. i think these scandals thwart the progres

so many people, affluent people, believe diane bernie madoff. hopefully we are not going to be misled like in the bernie madoff example. i would also like to remind all the old-timers, there used to be a card game in new york called 3-card monte. hopefully we are not being given a three-card monte by the department of public health. thank you. supervisor chu: thank you. any other speakers? seeing none, public comment is closed. we have heard public comment in department presentations. item number six, the police department's request, can we take the budget analyst recommendations without objection? ok, we have a motion to approve the budget analyst recommended reduction of $474,532 to request of $2,525,468. we will do that without objection. on item number five, a request for a originally $8.5 million, the budget analyst recommended reducing that to a level of $5 .574094. and reflecting the seasonality that we would expect during the summer months. do we have thoughts about that? >> [inaudible] supervisor chu: ok. we have a motion to amend. i wo

so bernie started in ecm. it was a museum at natural history and had indian artifacts and various kinds of things that were found around the state. animals on display, stuffed animals of course. whatever she could get donated, whatever she could get money raised by. it started out a little storefront here in little rock and then ended up in city hall. then the great depression came along and they closed out in at the stuff in storage. a lot of it disappeared. in fact newspaper writers pull stuff out of the garbage with a founded in in the alley. bernie held onto it and eventually ended up in the arsenal miles south of downtown little rock. she was able to get permission to put the museum back on display in the old u.s. arsenal and that is where she put on things like king crowley, the piece of sand don't let some people was hundreds of hundreds of years old can actually probably was the 20 century frat, but she wasn't willing to admit the possibility at the time. she lived in the basement of the building and b

a message was taken and i turned it over to bernie and he handled it from there. but, we called his lawyers. again, we don't talk to someone represented by council for rules of ethics. no contact was made specifically between mr.dela rianda, mr. guy who was and&is still prosecuting a first- degree murder case where our victim is a former marine who was brutally shot for a few dollars at a gas station here. we have, unfortunately, brutal homicides we fight hard for all of the time and we will fight as hard in this case. yes, sir. >> and -- [ question indiscernible ] >> the department of justice, thank you for asking that question, they conduct their own investigation. i have been in contact with bobby o'neil, our u.s. attorney, tom battle, one of the department of justice people whose helped us with a lot of the civil rights contacts and issues. he's helping us, a whole slu of doj lawyers are helping us, but they're not working on our part of of the investigation and we don't work on their part of the investigation. we always share information with our federal coun

i turned it over to bernie and bernie handled it from there. we called his lawyers, because, again, we don't talk to someone represented by counsel pursuant to our rules of ethics. no contact was made between mr. deliarionda. mr. guy is still prosecuting a first-degree murder case where our victim is a marine that was brutally shot. we have brutal homicides that we fight hard for all the time. we will fight just as hard in this case. yes, sir. [ inaudible question ] >> the department of justice, thank you for asking that question, they conduct their own investigation. i have been in contact with bobby o'neil, our u.s. attorney, tom battle, one of the department of justice people that has helped us with a lot of the civil rights con tetacts an issues. a whole slew of doj lawyers are helping us. they are not working on our part of the investigation. we don't work on their part of the investigation. we always share information with our federal counterparts on numerous cases when and if it is needed. >> you said you don't want to discuss the facts

bernie goldberg and i will analyze. barack obama may not like them. we hope you stay tuned to >> bill: unresolved problem segment tonight, over the weekend there were demonstrations in sanford, florida demanding justice for the 17-year-old shot dead by george zimmerman in february. so far florida authorities have not arrested mr. zimmerman but we expect that to happen very soon. that's because the intensity of the case is now so high that the public needs to see the evidence. and that will only happen if an indictment is issued. so far the media has tried and convicted mr. zimmerman on television. the latest is a very problematic editing decision by "the today show" on march 27th towed played a 911 call. >> this guy looks like he is up to no good. he looks black. did you see what he was wearing? >> yeah. dark hoody. >> bill: that certainly makes george zimmerman look like a racist. but today "the today show," i should say, doctored the 911 call. they edited out a crucial part of the conversation. >> this guy looks like he is up to no good or he is on

bernie is next. >> bill: thanks for staying with us, i'm bill o'reilly.n the weekdays with bernie seeing want tonight, let's go right to the purveyor of bernard goldberg.com who joins us now from miami. do you agree with me that mike wallace is the best tv interviewer, ever? >> are we including jesse watters in that question? [ laughter ] >> bill: you know, you bully jesse. he is only 17 years old. all right, goldberg? he is doing pretty well. >> yes, i do agree with you. and it's not only about the journalism, even though mike was a very, very good journalist, and even though that's a very big part of it. mike understood the medium in which he worked. you are not supposed to say this outloud if you are in television but mike understood that there was a lot of show business in television news. he was a great performer. he was able to move seemlessly from putting on a velvet glove to putting on brass knuckles. best example of that he is interviewing the ayatollah khamenei. and he says, your holiness. this isn't me, i'm not saying, this please understand, t

. >> sean: let me go to bernie in the home depot market. a friend of mine in florida purchased a house and it is not tom monaghan who is my favorite pizza guy. paid $350,000 for his house and today it is worth $100,000. the biggest investment people make is their home. value decreased. is it the worst housing market. >> the housing market is terrible. when we opened home depot back in 1978 we had this recession going in '81 and '82 and the housing market went down in '81 and '82 but recovered quickly. this market has not recovered. it is still way down. if you go to a home depot store at 6:00 in the morning or 7:00 in the morning you will see contractors piled up outside. it is half the amount of contractors today. they are not building the houses. there is no money out there. and let me talk about oil for a second. that is the biggest regressive tax i have seen in a very, very long time. the american people i was at a pump, i was at a pump last week and a woman came up and saided i have to go inside really quickly she he said but don't put

(laughter) >> jon: hellon -- hello bernie, john, john, audience, audience, bernie, john can. we just get to the [bleep] charges? >> despite all that is on their plate already, handling all of the homicides in the fourth judicial circuit, supervising the other young lawyers who also handle homicides, they willingly took this case on. >> jon: yes, yes, yes, florida is a lawless netherland, you're ass-deep in murder victims. are you go toing charge this guy or what? >> unless you have ever been a law enforcement officer or a prosecutor handling a difficult homicide case, you cannot know what it's like to launch this type of investigation and come to the right conclusion j&j. >> jon: we cannot know. you don't think we can know? we're american. all we watch is [bleep] law shows, six to 10 hours a day, law & order, csi, nci, order, suv, there's like four shows where psychic solve crimes. we've got a pretty good idea how this works. get to the charges. >> today we filed an information charging george zimmerman with murder in the second degree. will have a right to appear in front of

. >> sean: let me go to bernie in the home depot market. a friend of mine in florida purchased a house and it is not tom monaghan who is my favorite pizza guy. paid $350,000 for his house and today it is worth $100,000. the biggest investment people make is their home. value decreased. is it the worst housing market. >> the housing market is terrible. when we opened home depot back in 1978 we had this recession going in '81 and '82 and the housing market went down in '81 and '82 but recovered quickly. this market has not recovered. it is still way down. if you go to a home depot store at 6:00 in the morning or 7:00 in the morning you will see contractors piled up outside. it is half the amount of contractors today. they are not building the houses. there is no money out there. and let me talk about oil for a second. that is the biggest regressive tax i have seen in a very, very long time. the american people i was at a pump, i was at a pump last week and a woman came up and saided i have to go inside really quickly she he said but don't put

senator bernie sanders will join me. and dick cheney is back.ransplant, nothing has changed. he's still throwing out attacks on president obama. i'll show you why dick doesn't have a leg in the standoff. that's coming up. [ male announcer ] with six indulgently layered desserts, all at 150 calories or less, there's definitely a temptations for you. unless you're one of those people who doesn't like delicious stuff. temptations. it's the first jell-o that's just for adults. has been because of the teachers and the education that i had. they're just part of who i am. she convinced me that there was no limit to what we could learn. i don't think i'd be here today had i not had a wonderful science teacher. a teacher can make a huge difference in a child's life. he would never give up on any of us. thank you dr. newfield. you had a big impact on me. mcallen, texas. in here, heavy rental equipment in the middle of nowhere, is always headed somewhere. to give it a sense of direction, at&t created a mobile asset solution to protect and track everything.

bernie is next. >> bill: thanks for staying with us, i'm bill o'reilly.the weekdays with bernie seeing want tonight, let's go right to the purveyor of bernard goldberg.com who joins us now from miami. do you agree with me that mike wallace is the best tv interviewer, ever? >> are we including jesse watters in that question? [ laughter ] >> bill: you know, you bully jesse. he is only 17 years old. all right, goldberg? he is doing pretty well. >> yes, i do agree with you. and it's not only about the journalism, even though mike was a very, very good journalist, and even though that's a very big part of it. mike understood the medium in which he worked. you are not supposed to say this outloud if you are in television but mike understood that there was a lot of show business in television news. he was a great performer. he was able to move seemlessly from putting on a velvet glove to putting on brass knuckles. best example of that he is interviewing the ayatollah khamenei. and he says, your holiness. this isn't me, i'm not saying, this please understand, thi

bernie is next. [ rosa ] i'm rosa and i quit smoking with chantix.e doctor told me that i could smoke for the first wee.. i'm like...yeah, ok... little did i know that one week later i wasn't smoking. [ male announcer ] along with support, chantix is proven to help people quit smoking. it reduces the urge to smoke. some people had changes in behavior, thinking or mood, hostility, agitation, depressed mood and suicidal thoughts or actions while taking or after stopping chantix. if you notice any of these stop taking chantix and call your doctor right away. tell your doctor about any history of depression or other mental health problems, which could get worse while taking chantix. don't take chantix if you've had a serious allergic or skin reaction to it. if you develop these stop taking chantix and see your doctor right away as some can be life-threatening. if you have a history of heart or blood vessel problems, tell your doctor if you have new or worse symptoms. get medical help rightway if you have symptoms of a heart attack. use caution when drivi

bernie sanders, senator bernie sanders wants to let the post office sale products that they are barreddea -- like cell phones of delivery of wine fishing licenses notarizing documents and cashing paychecks. bring more people into the post office. good identify, bernie. >> what about the secret service scandal? tons of comments stephen scott wells says what's scandalous about it? it doesn't matter to anybody but the bible thumpers. glenda neil says it's an embarrassment but remarkably stupid. william j. green with the president's schedule and their hotel rooms and the fact this went down over $47 is a huge embarrassment for president obama and his entire regime. betty ann frederick says it's a disgrace to the secret service but men will be pigs whenever the occasion arises. men are so stupid. >> and horn. >> i resemble that remark. >> and stupid. >> this is the bill press show. ♪ >> good morning. it is wednesday, april 18th. so good to see you this morning. thank you for joining us and welcome to the full-court press, your new morning show on current tv. good to have you with us this mo