the former c.e.o. hopefully one day soon the american people will wake up to the fact that having sociopaths transition from the world of business to governing our country is probably a very very bad light. to pop or not to pop earlier this month we told you about dave collins a self described lunar a person that has an obsession with balloons he sleeps with them keeps them more munder assured them even thinks of them as children. in suburban literal twenty seven year old dave is infatuated with pollutes the best way to protect to somebody for sure and you feel the balloon right there with you feel so. you feel so warm and you. in your heart just just reaches out to you. well here's another lunar for you l. l. is a denver based dominatrix who gets sexually aroused by collins as worst fear the popping of balloons take a look. forty six year old performance hottest l p's and. i do get excited about the pot this morning poppy balloons in public a blow to pop is where you inflate a balloon. with your mouth

out with a new book bailout and while we're on it bloomberg reports russell wason board senior the c.e.o. of the bankrupt firm peregrine financial group was indicted on thirty one counts of making false statements to regulators will ask neil barofsky if sans suicide no confession there are legitimate criminal cases that could be built around executives at major firms too big to fail firms surrounding the financial crisis and its aftermath and i should mention for our futures and commodity trading viewers barofsky prosecuted the c.e.o. and president of russia that's a real hooker there and finally since we're talking being locked up we'll tell you about the apple of the u.s. prison systems turns out they found a captive audience let's get to today's capital account. all right it's been a few years but i'll tell you on any given day we can see the legacy of the financial crisis and its response from the government in the news it is the legacy taxpayers are still footing the bill for won't street seems to be paying less for its crimes and that is to put it lightly today for example the s.e.

eight billion dollars to the government for defrauding taxpayers and guess how many of these corporate c.e.o.'s will go to jail for literally stealing billions of dollars here's a hint it's less than one also last week wall street trading firm knight capital lost four hundred million dollars in a matter of minutes how did this happen and why is the stability of the entire financial system in danger not because of greedy bankers but because of robots and last night texas executed a mentally disabled man even though that's against the constitution how did they get away with it and why did the supreme court do nothing to stop it. and we begin tonight with a number eight billion that's how many dollars that corporations will have to pay the government this year in settlements for defrauding taxpayers as the new york times reports banks military contractors pharmaceutical companies they're all in track to pay the department of justice a record breaking eight billion dollars to settle fraud charges more than double the settlements they paid last year that includes pharmaceutical and pharmaceutical

heathy already has a suit alleging fraud naming the c.e.o.of this brokerage which was the owner to i think i recall this story the day after m.f. global's bankruptcy i still don't think i've seen this story not in the same way. no you haven't and of course that begs the question what is different in the case of them as well and that as you know john or design is very politically connected and all things being equal you don't see the same paratus of you from the department just in this case the f.b.i. was in there investigating very quickly after the medical but all you heard of very complicated and money vaporized and there was there were. after especially in light of the trustees proceedings recent or very clearly it was and we still haven't seen the charges and if you look at the seminal case the government has a tremendous amount political cover to say you know this takes a long time took us five years to file charges and sent up it so that they'll give them tons and tons of time for people to go ahead and forget about them up a little and

global but i mean he he was a goldman sachs c.e.o. and kind of. fallout i guess you could say in the years after the financial crisis who could you build a case against. you know i think that investigation is the most recent and unfortunately i think given how much time has elapsed since the since the actions of the financial crisis perhaps d.o.j. as best opportunity to start putting people in handcuffs i mean this is been so this is the facts that we already know are some of the most you know blatant attempts to manipulate one of the world's most important interest rates in the world and the conduct seems pretty clear and it seems like it does lead its way up the ladder so i certainly hope to see some movement in those cases but it's also hard to get too excited too optimistic given the formants we've seen today do you think as a prosecutor that there could be criminal charges related to libel manipulation that you could build for c.e.o.'s of firms that were found to have traders manipulating it. you know that's a real question of how they approa

c.e.o. bill polacek says it's a re-invention in jeopardy. >> our defense business is about 50% to 60%. if sequestration takes effect, we s thagoindown rapidly. problem with that is, when you cut 20% of a budget, the big companies will pull the work in, and they'll give less to small businesses. >> reporter: he says already, orders from big defense companies are down this year. he estimates that if congress doesn't avert the sequester, he'll ultimately lose up to 60% of his annual profits. and he'll have to lay off about 100 workers. >> we've done a very good job of diversifying our economy, and the biggest diversification is the defense industry. and anywhere from engineering jobs to manufacturing jobs. and you cut those jobs out of this area, you are going to have a lot of people that not only lose their job, they have no hope to find another job, because they just can't find one in small town america. >> reporter: the people who live here worry that manufacturing layoffs will spill over to

despite the dismal results, there are signs c.e.o. ron johnson's plan to re-invent the retailer may be taking hold. ruben ramirez reports. >> reporter: some silver linin inoday's quartly numbers out of j.c. penney, which at first blush looked pretty bleak. penney was able to move more merchandise at full price and widen its profit margins. the showstopper though, j.c. penney expects to end the year with $1 billion in cash, money it can use for c.e.o. ron johnson's turnaround plan. >> one of the fears was even if this all well and good, great plans, great strategy, if you run out of money before you get to lap those easy comps, you're not going to get to do all those exciting things you planned on. >> reporter: much of the plan hinges on a store within a store concept it started to roll out earlier this month. already, penney's says shoppers like the levi's store, but the change also comes with challenges. >> the problem is they've got to attract a whole different set of consumers. probably a younger, more fashion sensitive consumer wh

he's c.e.o. of stella-service, the company that did the survey. >> jordy t was a very interesting survey. let's go down the specifics of it. starting with shopping time, on-line versus shopping in the store. what did you find? >> well, as you would expect it actually takes alot long tore go through the process of buying a product in the store. you have to get in the car, you have to drive to the store. so of course the contrary shopping on-line it doesn't take too long, you page a few clicks and check out and the shopping process is over. >> all right. and when it comes to choices of things that you can buy, the selection process, on-line, store better than on-line. i was surprised by that. >> yeah, we were surprised by that as well. the election of the items on-line was actually less than what it was in store. and partially we think that is because on-line they didn't offer that many items that were full priced. they offered just the discounted items in store and you could find those products in

from the c.e.o. of murray energy c.e.o. rob moore he's saying this was not mandatory or it was mandatory it was not forced at the end of the day what is the difference well i said i tried to ask them that and they did not respond so i think that perhaps they view being forced as having punishment afterwards because he did stress that nobody who failed to attend was punished so that's you know i'd say that's good that he didn't punish anybody for not going over i guess we should say he is a little correction there see not. and you know this this is not the first time that this company has been under scrutiny back in two thousand and seven they were six miners were killed when a coal mine in utah collapsed and it was found reporters found that the company violated several health and safety violations can you tell us about that well really cover more ohio stuff and not utah mine disasters but you know the company has quite a record they've also you know if if you were to talk to the radio show host there's a lot of the folks t

well in fact you may be seeing jeannie donnelly i think if you read this first headline chase c.e.o. place and blame her to con a me look no further than the mirror if you want to know why the economy remains so sluggish says the c.e.o. of the j.p. morgan chase and company it's because of us we scapegoat each other we point fingers said jamie diamond while touring ohio no mirror mirror on the wall who's the cricket has of the malts jamie diamond this is a classic blame the victim routine i think he's implying that. we're just going to give it the old college try and try harder to overcome the stagnation of the common the fact that diamond cut off billions of people from bank accounts because they weren't discoursing enough you legal shakedown money the fact there's been evolved an innumerable crooked scams over the past years paid a small fine and bankrupted the economy none of that plays it's all about jamie's vanity well they talked about him being in a tent next to a j.p. morgan chase branch there in ohio and he's meeting all these groups all the employees have to live in a tense

i mean steven steven him lay the c.e.o. of united health care made over one point four billion dollars himself as c.e.o. his predecessor dollar bill mcguire made one point seven eight billion dollars as c.e.o. of a health insurance company he had over one hundred employees at united health care who had made over one hundred million dollars or who are mason who are making over a million dollars plan to take their money and dispatch it yes absolutely stop giving them money as corporate c.e.o.'s and start using that money for preventive health care what's wrong with that there's there's positively nothing wrong with preventative health care that's why we've got to be much more friendly to corporations that endeavors to do important research to help us to allow them to deduct those costs right off the top while they're going to already do that a as a real most of our most of our real medical research and as it is done by the universities and it's paid for by the national institutes of health as as you know the guidelines for bi

let me say this: the c.e.o.'s of apple computer, starbucks ben & jerry's and amazon have all supported same-sex marriage but i still drink starbucks and i use my iphone and mac book and order things on amazon and i will eat ben & jerry's ice cream. i'm not buying their politics but their products. people should not be fearful that someone could have a point view different from mine. i expect people to have a different point view but i expect them to treat each other with a sense respect. >>eric: have you heard from the gay and lesbian groups? are there any groups that are saying, look, we are gay, we are lesbian but we are for the first amendment and we in support of you. >>governor huckabee: a number groups have said that, there have been editorials in the "los angeles times" and "new york times" of all places all recognizing that this and a fundamental issue where a neighbor cannot tell an executive they cannot have a point of view. there have been hateful things the i got involved because because of the extrao

>>neil: they brought in a seasoned c.e.o.? >>guest: yes. they brought in a seasoned c.e.o.eil: in the end you will support mitt romney? >>guest: i am. >>neil: very good do see you. a man who runs intel, a company of considerable sway. the scene on the floor right now, mitt romney is there and we size up the stage so there is a great dial of attention being paid here and the state delegations, including one special delegation. in the new hampshire delegation, the former governor said his state will swing to mitt romney in the fall. the polls are dead even right now. this is considered an independent swing states but given that mitt romney called this home away from home and the fact that john sununu is working the phones he thinks its becomes a red state this fall. >>neil: the math changes with the swing state attention that we hear about as we look at the stage the big speech is at 10:30 east eastern, when he addresses the convention goers. and the former new hampshire governor who joins me right now was chief of staff in the senior administration. what do you think mitt ro

. >> being the c.e.o. of a large company is really not an awful lot like being the c.e.o. of the united states. >> reporter: stephen hess has worked for four presidents. his first job in the white house was writing speeches for president eisenhower. while mitt romney is famous for his love of data and analysis, hess says presidents often have to make decisions based on information that later turns out to be wrong. >> you better be focusing on about ten problems or 12 problems at the same time, and understand that you're never going to have the perfect solution to any of them. and that you're going to have to move very quickly before you know all the facts. >> reporter: in this election, though, private sector experience could prove decisive. >> in an economic crisis, there is a possibility for a business leader to be elected. however, there'd have to be a general consensus among the public that we need a private sector solution, not a governmental sector solution to the crisis. and that's what this debate is all about between mr. romney and mr. obama. which way do we go? >

. >> susie: still ahead, cisco c.e.o. john chambers joins us, right after the company's earnings call. some of the nation's biggest retailers want to make shopping so easy, you can leave your wallet at home. walmart, target, and 7-eleven are among the retailers teaming up to build a new mobile payment network. it would let people pay with their smart phones. the system, known as "merchant customer exchange" is being designed to compete with services like "google wallet." with mobile payments expected to top $1 trillion in the next five years, target says the goal is building a, "broad, seamless experience across all retail formats." and some analysts believe this marks the beginning of the end for the old-fashioned billfold. >> susie: and other retailers are breaking into this field. month starbucks is developing a payment system for its coffee shops, and ebay's paypal unit has a deal with more than a dozen retailers to do the same. there's still no word on when the systems will be available in stores. >> susie: wil,awbwá

earlier today, erika miller spoke with starbucks c.e.o. howard schultz and square c.e.o. jack dorsey. >> i would imagine that every big tech company has been beatingalt your door begging for a mobile payment deal. what do you think this is the right partnership for starbucks. >> it's true that we have spoken to most of the high profile blue chip tech companies, all of whom are trying to crack the code on how to monetize mobile payments. when we met square and jack. there were two things. like minded values of both companies, and i think square's singular focus on payment and their level of innovation and entrepreneurialship and understanding of the starbuck experience separated them from the pack and it was an easy choice. >> and jack, talk about what this means for square. is it more than a positive development. is it a game changer? >> absolutely. the technology helps the individual and the small business all the way toup the largest organizations in the world. >> and up to this point square has been focused on small or micro businesses. does this focus a signal toward