bernie madoff was a modern day dr. jekyll and mr. hyde hyde. he had a legitimate life. successful. d been using new investment money from cloonts clients to pay profits. under the weight of a tumbling stock market the scheme collapsed. >> desperate investors and lawyers scrambles to madoff's eastside offices friday looking for their money. they were turned away in the lobby. >> there has never been a ponzi scheme on the scale of madoff ever. we are talk thousand of people who thought that they had millions of dollars socked away for retiermrementtirement. >> rose and jack say they invested every penny of savings with madoff. >> we started to sell our furniture. some of our thing that we value. so that we should have some money immediately. >> then there is 91-year-old ian fearman. he had to take a job at a grocery store after losing $700,000 to madoff. >> the human offering that madoff caused, i don't think we can ever fully grasp. homes had to be sold. college educations truncated. people had to come out of retirement. go to work at whatever job they could get. and, for those peopl

it was a decade marked by economic turmoil, scandals of enron and bernie madoff to the bank bailout,arket crash. here's a preview offen tonight's brand new episode of the 2000s. >> democrats and republicans who opposed this plan i say step up to the plate. let's do what's right for the country at this time because the time to act is now. >> we failed to act. years of our economy will grind to a halt. >> this is the greatest market disruption that's happened since the crash of 1929. reality finally imposes itself on capitol hill. >> the motion is adopted. >> given a second chance, the house did an about face easily passing the $700 billion bailout of the financial industry. >> there were moment this is week when some thought the federal government could not rise to the challenge. thanks to the hard work of members of both parties and both houses, the spirit of cooperation between capitol hill and my administration, we completed this bill in a timely manner. >> in the aftermath people criticized and that's fine. but the truth is if he hadn't been there and intervened, we never would ha

history. >> i think the connection between bernie madoff and the financial crisis was one fundamentallyut a loss of trust in people that you thought were worthy. >> we all trusted the free enterprise system, we trusted these deregulated markets to foster our prosperity. all of america felt that they had been betrayed by wall street. >> the stock market just can't seem to find a bottom. >> it's day after day, week after week, and it's hurting the public morale. >> there is a deep sense across the country that those who are not responsible are bearing a greater burden than those who were. >> the scariest thing about that time is that the united states had already thrown a lot at this problem and the recession was getting much worse. we were losing 750,000 jobs a month. >> just this weekend there was a job fair at dodger stadium. 500 jobs available for ushers, food workers, security, $9 to $18 an hour, part-time, 500 jobs, 4,500 showed up. >> it's a lot of competition. i'm 55 years old trying to get a job. it's heartbreaking. >> millions of people lost their jobs. millions lost their homes

the women denied any financial wrongdoing and are referring all questions to their accountant, bernie madoffstigators say they convinced cashiers to let them count all the money at the end of the day. and $478,000 went missing. both women were arrested and released on $50,000 bond which they paid with crumpled up money. people wonder where security was and we obtained the surveillance video. there they were. weirdoes. these two dance like my assistant teddy during our meeting. we'll be right back. it's america's most popular street name. but allstate agents know that's where the similarity stops. if you're on park street in reno, nevada, the high winds of the washoe zephyr could damage your siding. and that's very different than living on park ave in sheboygan, wisconsin, where ice dams could cause water damage. but no matter what park you live on, one of 10,000 local allstate agents knows yours. now that you know the truth, are you in good hands? you wouldn't accept from any one else. why accept it from an allergy pill? flonase relieves sneezing, itchy, watery eyes and a runny nose, plus na

. >>> all right, from enron to the sub-prime mortgage crisis to bernie madoff.time of economic turmoil. that's the focus of an all new "the 2000s." >> democrats and republicans who have opposed this plan i say step up to the plate, let's do what's right for the country at this time, because the time to act is now. >> we fail to act, the gears of our economy will grind to a halt. >> this is the greatest market disruption that's happened since the crash of 1929. reality finally imposes itself on capitol hill. >> the motion is adopted. >> given a second chance, the house did an about-face. easily passing the $700 billion bailout of the financial financial industry. >> there were moments this week when some thought the federal government could not rise to the challenge. thanks to the hard work of members of both parties in both houses in the spirit of cooperation between capitol hill and my administration, we completed this bill in a timely manner. >> in the aftermath, people criticized paulison for this, that and the other and that's fine, but the truth is, if he h

the women denied any financial wrongdoing and are referring all questions to their accountant, bernie madoffstigators say they convinced cashiers to let them count all the money at the end of the day. and $478,000 went missing. both women were arrested and released on $50,000 bond which they paid with crumpled up money. people wonder where security was and we obtained the surveillance video. there they were. weirdoes. these two dance like my assistant teddy during our meeting. meeting. we'll be right back. come away with me barnabas! but i am a simple farmer. my life is here... [telephone ring] ahoy-hoy. alexander graham bell here... no, no, my number is one, you must want two! two, i say!! like my father before... [telephone ring] like my father before... ahoy-hoy! as long as people talk too loudly on the phone, you can count on geico saving folks money. fifteen minutes could save you fifteen percent or more on car insurance. you could start your search at the all-new carfax.com that might help. show me the carfax? now the car you want and the history you need are easy to find. show me used

says that president has no credibility, and he says he's a ponzi scheme artist, comparing him to bernie madoff, and he says it's going to catch up with him, making these veiled threat threats. >> dana: he doesn't need a security clearance. it doesn't necessarily matter. now that has the reputation he has and he's done what he's done, he will always be able to be on television. he will always be able to write books. this doesn't change that for him. but i do think it's professionally embarrassing. >> juan: most americans agree with what you said brennan believes which is that trump was lying about his relations with russia and that trump is not -- >> judge jeanine: what? >> greg: surveys show americans are not the least bit interested in the russia story. you have to be skeptical of someone this emotional. brennan is an emotional wreck right now. there's something going on in his head that's not right. >> jesse: he's erratic. don't believe what liberal new york governor andrew cuomo said about america. wait until you hear this next. ♪ ♪ ♪ let your perfect drive come together at the lincoln summ

. >>> from enron to the mortgage crisis to bernie madoff, the 2000s were a time of economic turmoil. look. >> democrats who oppose this plan, i say step up to the plate, let's do what's right for the country at this time, because the time to act is now. >> we fail to act, gears of our economy will grind to a halt. this is the greatest market disruption that's happened since the crash of 1929. reality finally imposes itself on capitol hill. >> the motion is adopted. >> given a second chance, the house did an about-face. easily passing the $700 billion bailout of the financial industry. >> there were moments this week when some thought that the federal government could not rise to the challenge, but thanks to the hard work of members of both parties in both houses and the spirit of cooperation between capitol hill and my administration, we completed this bill in a timely manner. >> in the aftermath, people criticized paulison for this, that and the other, and that's fine. but the truth is, if he hadn't been there and hadn't intervened, we never would have crawled out of that hole. >> t

. >>> and from enron to the subprime mortgage crisis to b bernie madoff, the 2000s were a time of economice how it all unfolded in a new episode of "the 2000s" tonight at 9:00 p.m. ield fixed. with safelite, you can see exactly when we'll be there. saving you time for what you love most. >> kids: whoa! >> kids vo: ♪ safelite repair, safelite replace ♪ i love you, basement guest bathroom. your privacy makes you my number 1 place to go number 2. i love you, but sometimes you stink. febreze air effects doesn't just mask, it cleans away odors. because the things you love the most can stink. and try febreze small spaces to clean away odors for up to 30 days. breathe happy with febreze. dinner date...meeting his parents dinner date. why did i want a crest 3d white smile? so i used crest. crest 3d white removes... ...95% of surface stains in just 3 days... ...for a whiter smile... that will win them over. crest. healthy, beautiful smiles for life. >>> the u.s. is preparing to reimpose sanctions on iran starting tomorrow. this phase targets manufacturing, but there's a bigger round coming in novem

. >>> plus from enron to the subprime mortgage crisis to bernie madoff, the early 2000s were a time of economic turmoil. see how it all unfolded in a new episode of "the 2000s" tomorrow night at 9:00. you don't want to live with mom and dad forever, do you? i'm making smoothies! so, how can i check my credit score? credit karma. don't worry, it's free. hmmmmm. credit karma. give yourself some credit. i knew at that exact moment ... i'm beating this. my main focus was to find a team of doctors. it's not just picking a surgeon, it's picking the care team and feeling secure in where you are. visit cancercenter.com/breast ♪ ♪ our new, hot, fresh breakfast will get you the readiest. (buzzer sound) holiday inn express. be the readiest. booking a flight doesn't have to be expensive. just go to priceline. it's the best place to book a flight a few days before my trip and still save up to 40%. just tap and go... for the best savings on flights, go to priceline. >>> we're learning of more letters now exchanged between president trump and kim jong un. the latest, a trump letter hand deliver with

he's not bernie madoff. everyone knows that. they won't go full force. they don't want to look bad. john: some people do argue tesla is a pyramid scheme. the combination between p.t. barnum and -- >> and edison. >> you're now going to go after this guy for obvious market manipulation? john: one thing that's not fishy is you two guys. great to see you in person, as always. thank you both. >>> the outcomes of the cohen and manafort cases have some people hoping for president trump's impeachment. is it just wishful thinking? >>> first, secretary of state mike pompeo heading back to north korea to work on the denuclearization deal. that's next. alice is living with metastatic breast cancer, which is breast cancer that has spread to other parts of her body. she's also taking prescription ibrance with an aromatase inhibitor, which is for postmenopausal women with hormone receptor-positive her2- metastatic breast cancer as the first hormonal based therapy. ibrance plus letrozole was significantly more effective at delaying disease progression versus letrozole. patients taking ibrance can d

>> you know, there's a big difference, i think, between elizabeth holmes and bernie madoff.or '87 decided he was going to totally cheat and build a ponzi scheme. i think elizabeth holmes dropped out of stanford really wanting to pursue this vision of a diagnostic device. and she, her idol was steve jobs. she wanted to follow in his footsteps. she wanted to create another iconic silicon valley company. for the first few years she hired people and they pursued, you know, her vision. i think they ran into set backs. and she papered over those set backs and she kept overpromising to investors. and the lies sort of got bigger and bigger. and eventually she got to 2013 which is when she launched she's fingertip steps in walgreen's stores and at that point the technology didn't work. they did the cheating with the hacking of the se hacking ss machines. >> dana: then it all fell apart. congratulations on the investigative work. the book and thought book is becoming a movie. >> that's right. so congratulation to us. we appreciate you coming on today. >> thanks so much for having me.

and what has been going on in her mind for 15 years i like to say that this is different from a bernie madoffthat she dropped out of stanford really wanting to be an entrepreneur and her idol was steve jobs, and she idolized apple and really wanted to replicate that success story. and i don't believe that she dropped out with this notion that she was going to pull a long con and defraud investors but unfortunately, over the years, she ran into setbacks with this vision of a blood testing device she was trying to pursue, and instead of admitting those setbacks and, you know, admitting to her investors where she was with the progress, she lied, and the lies got bigger and bigger, and eventually, the lies got so big, relative to reality, that it became a pretty massive fraud. >> well, john, there's two schemes of this book, and i just love it. one is how all these people were fooled but the other i want to put first. you have a quote of someone screaming at one point you heard people, this woman really hurt people, didn't she >> one of the most outrageous things about the theranos scandal is the

. >> bernie madoff has been arrested. >> there is a lot of tear gas in the air. >> they are living inis very little running water. >> mark cuban is here. we know that for hillary clinton. when it comes to donald trump he brought knight. >> a mining operation like this one requires a lot of electricity. >> the north koreans committed to the complete de-nuclearization of the korean peninsula. >> should we be cutting taxes on the eve of a possible war which is going to cost money and when we are facing deficits you are comfortable with children being separated from their parents? >> look at that. >> she is going to kick your butt. >> i know. >> you are having a hard time keeping up there. >> i didn't know you knew how to curl. >> this is the last time this set will ever be used at cnbc. >> here is what is on the power lunch menu. >> kevin o'leary still polishing his trophy. >> why do you have a banana in your ear >> happy anniversary, michelle. >> paris france. >> havana, cuba. >> athens, greece. for cnbc in new york. >> where are you going >> applause in the news room, by the way. >> ca

the precedent of madoff, they allowed the guy to go, bernie madoff. he created nasdaq.illar of the investment community. so they kind of looked the other way. do you look the other way because this guy is a ceo of a big company? doesn't mean you have to put him in jail but do you not regulate him and his behavior the way you would do anybody else because of his impact on the company and the economy and jobs and i think that is, that is an issue that the sec is grappling with. from what i understand right now, this is a real dilemma for them. again they're looking at this hard. there's no doubt. it is pretty clear from the people i talk to that say, you know the notion of funding secured they believe really wasn't there. neil: yeah. >> so but they have, there is an issue here. why do you whack him? >> i'm leery of whole tweeting thing. >> my wife says stay off twitter, not argue with people. it is kind of like -- neil: you enjoy it. >> i do, but you get, you know, you can get in trouble over some innocuous, seemingly innocuous, i can't imagine he thought he was committin

wants to have any relevance in the world, i'm telling you, this is worse than missing the made bernie madoffa lot of people lost money. you could make the case it was hidden even though it was not. how they screwed that up keystone companies. this is fundamental. he says x. if it is not true, something has to come down off this guy. now the other thing if he said x, he didn't have it, the board lets him get away with it, if they don't hold the board accountable, there is no need for corporate governance at the board level. connell: incentive for the board, not that it would be right, to let elon musk get away with anything, no one can imagine without elon musk? >> i'm sorry, you have got to follow the laws. of course the whole basis of security laws created to establish the securities & exchange commission and whole notion of corporate governance is to hold corporate chiefs accountable to do the basic things right like telling the truth. i'm not saying he is not telling the truth if he didn't have funding secure ad the sec doesn't bring a charge against him they establishing a insane precede