and bernie madoff was more sophisticated.trump would say, hey, i'm going to buy this company and the stock would go up and then drop and that is a pump and dump, it is a basic scam. if he could have continued doing that he would have. but the market stopped believing him. >> the $52.9 million in interest that just sort of seemingly, poof, came out of nowhere. does that sound like foreign money to you? >> i think there is a lot of questions and this is only raising more questions, not answering them. one of the questions raised by trump's response to the "new york times" article where he said this was all done to show losses for tax purposes. it was sport. so the question that raises is, what is he guilty of? tax fraud. michael cohen under oath before the house accused him of doing that, of inflating his assets for loans and then artificially deflating assets to pay taxes. that is tax fraud. that is bank fraud. and so that is the question. that is one of the questions raised here, was donald trump guilty of that? these tax ret

[laughter] >> tucker: does anybody doubt that bernie madoff would do a better job running the subwayshe problem is he doesn't get outs i looked this up until 2139 but, yeah. i would think. so speaking of the subway. i'm in your new york studio. i had to come up from tribeca for my radio show. as i was coming up here, three homeless people in the stairwell getting off the rockefeller center exit that stairwell and just looking and it's 4:00 in the afternoon and i couldn't believe what i was looking at. he needs to stay here and finish out his term. that'sis the thing. this is a job audition because is he term limited until 2021. he wants to do enough to rock the boat so he can get an ambassadorship to venezuela which will probably be appropriate or a media job because clearly he isn't doing a good job here and this is all an effort just to put himself on some other person's radar for another job. p >> tucker: i think that's right. he wants the hell out of new york which he has destroyed. the media are not fans of bill de blasio. they are fans of something else. late a term abortion. th

the pension fund as a public pension funds begin to do exactly what bernie made off did so in bernie madoff he was a genius and that he targeted 12 percent per year on his fund wrote one percent a month returns he didn't get you know 20 to 25 percent to attract a lot a lot of attention but he got above average rate of return at 12 percent and when he could make that 12 percent he started to engage in ponzi scheme economics so these public pensions games because they feel like they have to make 78 percent or this game goes bankrupt because they don't have enough new people coming into the game they start to engage in bernie made of law that would have a resale market in a downturn of maybe $0.05 on the dollar mean that these ponds these public pension fans funds are technically bankrupt it's just a matter of when that bankruptcy will be recognized so here's some of the data of actually what their returns have been a lot of the cost. why the costs of these pension funds are so high is a lot to do with the health care costs where there's no containment on the costs at all in the united states

journalist and best-selling author of seven books who has exposed big tobacco scandals, covered bernie madoff, reported on anti-semitism in france than perfunctory things joint industry as a special correspondent in 1984, then left to become a staff writer at the new yorker in 1992 and then return to "vanity fair" where she is currently a writer at large. the work in her latest book, "a private war: marie colvin and other tales of heroes, scoundrels, and renegades" has been described as quote representing long-form journalism at its peak. it is a collection of stories written over many years going back to the early 1990s quote the golden age of magazine reporting, according to marie. the profiles including the first african-american woman appointed to the federal bench, nobel prize winner malala yusuf i come tobacco whistleblower jeffrey wygant wrongly accused security card richard jewell, and not one but two on trump, first in 1990 and more recently in 2017 are tied together by a resolute or to use her own world, obsessed, reporters determination to hold power to account. so let's start with

if you create jobs and -- >> ceo of enron, there was bernie madoff, there was -- >> there are always> there are always bad apples. >> who should own the means of production and when dalio was here -- i still don't understand what his deal is, but we talked about it, it's a tax -- bill gates said exactly what i said that day we're talking about the tax system, not the economic system. >> you have not encouraged higher taxes you want lower taxes. >> i would like to keep as much money in the private sector as possible, because that's where it's treated best and i think that's where you grow the pie so it can be divided up. >> and you will have no graces, which is a young lady who is the intern who is a person of color who -- >> if you give me great things to spend it on, go ahead. >> thank you for the conversation the debate continues ♪ for beauty that begins with nature. ♪ to make connections of a different kind. at adp we're designing a better way to work, so you can achieve what you're working for. at comcast, we didn't build the nation's largest gig-speed network just to make busine