our next speaker is going to be adam fingerman, c.e.o. c.e.o. and founder of arc-touch and zach gottlieb will be his capable assistant. >> how do you make it easier and faster for officers in the field to report incident information back to the crime data warehouse? to solve this, arc is going to work closely with the sfpd to design a mobile app that stream lines field reporting. we are going to use the latest technologies, surf as nuns, speech to text deck takeses. we are going to use full touch and swite gestures to minimize key board entry. and we are going to have sbe greated photo, video, image and audio collection. all of this is going to be assembled in one place. so all of the relevant information about an incident is together and sent to the crime data warehouse in real time, allowing officers to spend much more time out on the streets instead of writing reports. arc-touch, being a france based business has many employees who live and work in san francisco, and we are absolutely thrilled to be part of this initiative. we would like to t

c.e.o. stepped down this c.e.o. resigned so three top executives resigning as a result of this scandal i want to remind our viewers that about twenty other banks are under investigation and involved are related to this including j.p. morgan and citi group and h.s.b.c. and r.b.s. so we don't know where that's going to go my question though how come we haven't seen heads roll like this in the u.s. for huge settlements and scandals if you look back for example dimitri at the abacus settlement goldman sachs with the s.e.c. that was a five hundred fifty million dollars settlement that was a really big settlement and you don't see lloyd blankfein ever pay for it with any kind of consequences like these top there are you know what interests me more is the way that these guys are manipulating live or. you know trying to because it's the idea is if it's one bank that's put it has it's poll it's a poll that creates us right so it's one thing doing it in order for that to work when there are to be more banks colluding in this whole notion i had an interesting take on mood mechanics when i was a traitor and what was that i actually did not have any. then you have something special say about the way that they were trading with live or i did not maybe you didn't mean three well no greeks are hard to deal with saw. continue let's play nice folks. dimitri all right so library is basically a poll from what i understand right it's not like the federal funds rate. and i think what's interesting though is that the traders are barclays were beside the mark brokers picture of credit there was also the individual banks in this case of barclays with the trader basically saying the executives they understand what's going on the credit markets understand why bore so that we can get better credit terms because they need these we need this liquidity to keep our trades on yeah well one thing i want to add is that some embarrassing reports evidently were coming out that show that the bank of england might have had something to do with barclays manipulating this rate so i don't know maybe when you you do the central bank wrong and you're going to embarrass them that's when c.e.o.'s get pressured to step down i don't know just saying and we'll leave it at that will let you decide because that's all we have time for thanks so much for watching and have a great night and you can always follow me on twitter and to our next show get this feedback at youtube dot com slash capital account or catch any you best remember yesterday if you missed it we had a totally different perspective on commodities from a different guest you can also see us in h.d. on hulu hulu dot com slash capital dash account no show tomorrow we're off for the holiday enjoy yours if you have it for everyone else thanks for watching and have a great night. there hasn't been a scene yet on t.v. . it is to get the maximum political impact. the source material is what helps keep journalism honest. we want to visit. something real. and. you know sometimes you see a story and it seems so for lengthly you think you understand it and then you glimpse something else you hear or see some other part of it a

c.e.o. and c.e.o. of barclays bank resigned after it was revealed their bank was routinely manipulating libre rates between two thousand and five and two thousand and nine barclays has since been hit with a four hundred million dollar four hundred fifty million dollars fine for this criminal activity. but the bigger question is was barclays alone in this or were other banks involved as well and not only that were governments and regulators involved in the scam to disgraced barclays c.e.o.'s bob diamond is alleged is alleging just that is the washington post reported on wednesday fallen banking title titan bob diamond on wednesday described regulators of both sides of the atlantic as partly complicit in a scandal involving the manipulation of a key interbank lending rate telling a british parliamentary committee that government watchdogs had failed to act after his bank barclays informed them of industry wide irregularities during the us financial crisis so just how deep does this scandal go and how much money did the banks toure's make this time screwing all around us to us for more on this story i want to welcome back max fraud wolf to the show he's an economist and structure of the graduate program in international affairs at the new school university and a senior analyst at green cross capital max welcome back. thank you glad to have you with us we've seen our fair share of banking scandals recently from j.p. morgan chase's massive loss to robo robo signing scandal

c.e.o. or a c.e.o. step down i think that you can thank the mainstream media for their role and not putting the pressure on for not connecting all the dots and instead choosing to miss. well this monday twitter released its first ever transparency report and revealed that just in the first six months of two thousand and twelve they received more demands from governments for user data than they did all of last year and surprise surprise the united states made up the majority of those eight hundred forty nine requests with a whopping six hundred and seventy nine a far second was japan with ninety eight request now twitter also revealed that its complied with seventy five percent of user data demands that wouldn't that have been requested by u.s. authorities not to add to that a new york judge just this week order twitter to hand over tweets and account information from malcolm harris he's an occupier who was arrested on the brooklyn bridge last year and he's also been a guest on this program to all of thi

c.e.o. in this case. was the new c.e.o. of bank brought in only two weeks before authorizing this transfer to lehman brothers and he called it an accidental transfer oh wow it sounds like j.p. morgan situation where that two billion dollars was accidentally taken out of the m.f. global accounts hoops yes so again you know in the headline to build the biggest magazine in germany read germany's dumbest bank k f w again the bimbo route to the bimbo disguise you know i got the science and i got this idea of maybe get americans to save more by creating the k.f.c. bank so they think it's going talking fried chicken and they go in there to gorge themselves on fried chicken or mashed potatoes you charge them five or ten percent put into a savings bank and so you know as i said willie sutton said he never robbed a bank when a woman screamed her baby cried so at least he had some integrity he there was a limit to who he wouldn't kill he wouldn't mean he wouldn't hurt a woman he wouldn't. heard of little baby but these bank robbers of

c.e.o. have to resign without the c.e.o. have to resign you know we saw this massive find these slapped on them but now it seems like maybe they're having a little trouble seeing if they can even put a case together so you know what's your take do you think that they're going to out shine us and really kind of shame the u.s. out shame us in terms of how poorly we do handle these kinds of investigations. in order for them now and shamus we have to have shame in the first place and i don't think we do to be honest with you i think that our system here in the us has gotten so corrupted that lawbreaking fraud etc all that is become irrelevant the only thing that matters is who has purchased our politicians and who's who are they in bed with and for the banks they're in bed with the republicans and the democrats so look to here's a point for example on news corp in britain it's a huge scandal what use corp is done and they have allegedly bribed cops now that is a clear violation of u.s. law corrupt practices that what is being do

c.e.o. go a chairman go the c.e.o. of barclays have to step down if you look at some you know some interviews or some accounts that have been written like in the new york times they were just shocked by this bob diamond couldn't believe it because that's not how these things work here right usually you kind of you ride it out maybe you have to pay if you pedal things you lose a bonus or two and so what should we learn from the way of the british are handling this whole thing the lesson to learn is not the lesson to learn just from this is to learn from the whole financial crisis whoa what did we do with the bailout we took seven hundred billion dollars or we took part of that we gave a whole bunch of money to banks with no stipulations on removing people that were involved in problematic trades or involved in not being wise and preen banks to the point where according to the view of public policy makers they need to be bailed out you know i argue we should have been billing them out in the first place but if we're goin

c.e.o. until 2002. why were you listed as c.e.o. until 2002? >> the documents show that there's a difference between ownership-- which is that i owned shares in bain but did not manage bain. i left as everyone knows to run the olympics in february of 1999. i was full time running the olympics. i had no role whatsoever in the management of bain after i went to the olympics and that's been demonstrated by people who work at bain, by all of the documents but i still retained an ownership interest. >> reporter: even if you weren't making daily managerial decisions, though, doesn't the buck stop with you? >> actually, when you leave an enterprise and you have other people who are managing the enterprise, who take responsibility for the investment decisions, who decide who's going to get hired and fired, who decide compensation decisions, they're the managers, they're the people running the business. >> reporter: so you don't remember a board meeting? you don't remember talking about whether or not there should be outsourcing jobs overseas? do you remember any involvement with bain capital from 1999 on? >> jan, i had no involvement with the management of bain capital after february of 1999. >> reporter: do you think the president owes you an apology because his campaign has suggested you're a criminal or a liar? >> absolutely. my goodness, what kind of a president would have a campaign that says something like that about the nominee of another party? this is reckless and absurd on his part. >> mason: jan, there's also a brewing controversy over those u.s. olympic uniforms for american athletes that were made in china. did romney have anything to say about that? >> reporter: anthony, i did ask him about those uniforms and here's what he had to say. >> i don't know the particulars of the circumstance so i really can't comment on that. i presume they have sponsors that are associated with uniforms and matters of that nature so i'm not going to weigh into the decisions made in that regard. >> mason: thanks, jan. jan, ralph lauren has just announced the uniforms made for the next olympics will be made in the united states. a federal court in washington heard closing arguments today in a challenge to texas' voter i.d. law. the law would require texans to show government-issued photo identification in order to vote. the u.s. justice department says this would keep thousands from voting and violates the voting rights act. more now from anna werner. >> reporter: college students demarieno hill and dominique monday are registering voters in houston's third ward, a place where many minorities aren't signed up to vote. >> thank you. >> okay, then. >> reporter: they don't like the new law. >> we already have an uphill struggle to encourage people to register so now when we tell them they have to jump through these hoops it's more of a struggle. >> reporter: the law requires texas' 13 million voters to present a photo i.d. at the polls and not just any photo i.d., only a driver's license, passport, military i.d., gun permit, or a state-issued identification card will be accepted. attorney general greg abbot says it's to combat election fraud. >> in this last election in may there were more than 200 votes cast for corpses and when you have dead people casting votes you see we have a threat to the integrity of the election system. >> reporter: abbot points to 62 fraud cases prosecuted by his office over ten years. but during the same time period, there were 39 million votes cast. >> it's statistically not there. >> reporter: kim keenan is general counsel for the n.a.a.c.p. she says the law passed by the republican-controlled legislature creates new obstacles to voting for groups who traditionally vote democratic. >> this really affects seniors and young people and people of color. >> reporter: in texas, getting a photo i.d. is harder for some. nearly a third of the state's 254 counties don't even have a driver's license office. attorney general abbot concedes that as many as 100 to 200,000 people in texas don't have photo i.d.s but he says the law is necessary. so no political motives here, is what you would say? >> the motive behind a photo i.d. law is to prevent cheating at the ballot box. >> reporter: a federal court is expected to decide later this summer whether the law will be allowed to go into effect. anna werner, cbs news, dallas. >> mason: j.p. morgan chase said today that high-risk investment that went bad cost the bank a lot more than $2 billion c.e.o. jamie dimon first reported. j.p. mortar gone said losses are up to $5.8 billion and could top $7 billion. but dimon said today the worst appears to be over. j.p. morgan stock soared 6%. $200 million in customer money has vanished from an iowa brokerage firm called p.f.g. best. the c.e.o. was arrested today, accused of making false statements to regulators. russell wasendorf senior is now being called the midwest madoff. after a ribbon cutting ceremony if 2009, russell wasendorf senior proudly showed off his new headquarters to iowa's congressional delegation, including senator chuck grassley. but the gates are now locked. wasendorf was arrested today after regulators discovered $200 million in missing customer money. on monday, wasendorf attempted suicide in his car in the company parking lot, leaving a note that said "i have committed fraud." >> i felt that cedar falls is a great place to have a business. >> reporter: wasendorf had moved his firm to cedar falls, iowa, to chicago thr

c.e.o.'s of some of our major defense employers testified before the committee. in fact, the c.e.o.'s of lockheed martin, bob stevens, has said that i've spent decades of my professional working life in the national security arena and i've never been as concerned over the risk to the health of our industry and our government as now. he said the effects of sequestration are being felt right now throughout our industry. every month that goes by without a solution is a month of additional uncertainty, deferred investment, lost talent, and ultimately increased cost. you see, it's not just our men and women that keep our country safe, it's those that work to make sure that they have the right equipment, that we have the best technology, that we have the best capability of gathering intelligence to prevent future attacks against our country. our defense industrial base is incredibly important, and not to mention a million jobs at issue. yesterday dave hess, the president of pratt and whitney, he's the chairman of the aerospace industries association, he said as an industry we're already seeing the impacts of sequestration budget cuts today. companies are limiting hiring and halting investments, largely due to ton certainty of how sequestration cuts would be applied. and a small business owner, della williams -- it's not just our large employers, a lot of small businesses make parts for our weapons systems, for our equipment for our military, and they can't sustain this unconcerned we've created for them in congress and many of them will be forced to go out of business. and what della williams said, what is being billed as a stopgap budget fix will have lasting effects on our defense capabilities for years to come. the switch will just not get flipped back on to reverse that trend. moreover, the deep person yell and program cuts will threaten our national security, indeed the united states could lose our technological and strategic advantage and never get it back. and so this is why it is so important. and, by the way, the defense yesterday, the c.e.o.'s of -- c.e.o. of lockheed martin had had to issue a memo to his employees and in that he said we believe sequestration is the single greatest challenge facing our company and our industry. defense secretary leon panetta has said that sequestration will have catastrophic consequences for our national defense. with little guidance from the government on the specifics of sequestration, it's difficult to determine the impact of these cuts on our employees. we do know that we have a responsibility to tell you that you could potentially be laid off, and that we have a duty to issue what's called warn act notices to you. because under federal law these defense employers are going to have to 60 days before january 2 issue potential layoff notices to their employees, and, of course, that will also create lots of uncertainty and consternation in many american families which is unnecessary if we would come to the table right now and address this issue. we can find spending reductions that do n

c.e.o. enrique salem, installed chairman of the board steve bennett as c.e.o. and launched a strategic review of the firm. bennett used to head up turbo tax maker intuit. symantec shares have bee falling since issuing a disappointing outlook in may. it released another disappointing outlook today, but the market instead focused on the change in leadership. also cutting its financial guidance today was health insurer wellpoint. second quarter earnings were weaker than expected and the combination of rising medical costs and lower membership will cut into future profits. the warning set shares down 12%, to a new 52-week low. other health insurers were hit with selling. united health fell 4.4%. aetna dropped 4.7%. after the closing bell tonight we saw stronger earnings from grocery store whole foods market. results were $.02 per share ahead of estimates. while more traditional grocery chains have struggled, whole foods has been growing revenues and margins. last week the stock dropped after disappointing results from safeway, shares were up a fraction before tonig

c.e.o.'s come out according to the. street journal the c.e.o. said the notes deceiving regulators was relatively simple allowing him to of course embezzle customer money undetected for two decades he also called those regulators means there it will talk about it plus timothy geithner answered questions about his knowledge of liable for and response to this. recent why bore i'm reluctant to call it a scramble bernard holder larboard laughs. oh just just a libel or a laugh well when you're going in with that assumption it would seem to indicate a real hardball interview ahead we'll show you what did transpire let's get to today's capital account. so ben bernanke was back on the hill today in his second day of testimony before members of congress this was technically bernanke he's semi annual report to congress but the chairman's regular appearances before this sputtering organs of democracy have become a bit painful to watch because there have been many and they appear to be rather ceremonial at best the chairman certainly doesn't seem to want to be there and many of the congressmen it seems and women see it as a great way to perhaps get on the evening cable news with some kind of catchy soundbite that appeals to their constituents sense of outrage directed at wall street or at the fed or whatever however he has slowly started to change his tune over the course of recent appearances it seems as if this a man who claimed with incredible hubris i might add that the fed could drop money from helicopters if necessary in order to reliquefy and reignite the economy is now openly stating that there are actually limits to what monetary policy can achieve in fact he actually said that too much q we via treasury and agency security purchases could actually hurt the market to put him exactly he said this if the fed reserve own too much it would greatly herd market functioning which would have the effect of reducing the. now the chairman continued a pattern that we've seen in recent testimonies where he has chosen to back pedal some of his confidence in so far as the limits of monetary policy are concerned saying this well this certainly is a sphere radical limit which is the fact that. the fed reserve can only buy treasuries agencies. and it isn't just the current fed chairman expressing concerns about the limits of monetary policy prominent former chairman of the federal reserve paul volcker has had this to say. mr bernanke he can talk i'm sure he's warning people about that but he hasn't as i say you're going to a magic bullet to solve all these real problems. so what should we make of this is this a come to jesus moment for the fed chairman has he actually been humbled by reality or is he just holding his best hand from last that's the big question and here to answer it is our guest lou rockwell the or excuse me according to our guest i should mention a little bit about it lou rockwell the monetary control act of one thousand nine hundred eighty gives the fed the authority to buy much more than just treasuries and agency debt so that's a key point and he joins us now to discuss the chairman's latest statements as well as the usual brew of financial to cannery lou rockwell chairman of the ludwig von mises institute and author of the left the right and this days so the rockwall first of all thank you so much for coming on the show and i have to say thanks i had the pleasure of coming on your show yesterday and just sharing a really nice interview with you so it's nice to keep this conversation going on. it was great and you're exactly right about the monetary control act which by the way only ron paul this is nine hundred eighty only ron paul saw what it what this per se age but it changed you change the mandate of the fed it gives them the power to to buy anything i mean they can buy a greek bonds are going by mexican bonds they can buy office furniture and they can buy they can buy anything and turn it into into dollars so this is an agency that's out of control really has been out of control since it was founded nine hundred thirteen but i think bernanke you may be indicating two things about the kinds of things that he said today first of all it's uncertain about seeming to be doing what the democrats want him to do and right now and the republicans are no better about it but the democrats are wanting more q.e. because they think that will help real like obama the republicans are opposed to it although if for romney becomes president the republicans will be all for q.e. so there is that aspect but it may be that the fed is slightly concerned you know they want inflation the break in this famous helicopter effect they want to increase the money supply for the benefit of the banks and the benefit of the government but even they are concerned about tomorrow. you know as ron paul pointed out today in the hearings they created fifteen trillion dollars of new money to bail out banks and governments in europe during during that crisis all seek gold and in secret we still don't know where their money went so even they may be concerned about inflation getting out of hand from their standpoint getting to be a hyperinflation i wish they would look back you had paul volcker polgar was a seems to be the least bad fed chairman ever he actually decrease the money supply he didn't just slow the growth of money in response to the terrible inflation of nixon and carter nixon ford and carter he cut the money supply that ended the end of the inflation and pave the way for real economic growth that's going to do by their going to bring volcker back and get rid of bernanke and yet when he made tough choices which may be worth the most popular at the time that that set the stage is for as you mentioned growth and it's something that you have to wonder if the volcker would even exist if the fed today seeing how politicized it has become but i want to get into several things that you just said so talking about the monetary control act and keeping that in perspective when you hear ben bernanke today do you think he is having a come to jesus moment recognizing that his policies have limits and the market has more power than perhaps he thought and that he's kind of trying to give himself an ax in the face of failed tenure or given the monetary control act you think there's more to his statements. well i think i think i think he probably is genuinely worried he doesn't want to go down in history as the man who destroyed the dollar and you know brought on the sort of the final economic crisis of the current era similar to what ron paul talked about today when we had the breakdown of the bretton woods system and other other monetary breakdowns that have taken place since we had a fully money system so i think you know my guess is concerned about it again he's concerned about not seeming to give in to democratic pressure or other kinds of pressure he wants to pretend to be independent although as ron pointed out that actually means secret they can do stuff in secret they're not actually independent as arthur burns who is nixon's chairman of the federal reserve said well you know the chairman of the fed has to do with the president wants of the was we lose our independence so what he actually meant was the fact that they all live it up they live the highest living federal agency there there is and all the feds live very well but the people at the federal reserve have a great lifestyle that's what they want to maintain that's what burns meant by independence and you meant the the phony pretend independence because they're not independent they're actually do what the executive branch and the big banks want and so bernanke he wants to keep that secret but i think i think there's something i think he's bothered by the idea of just endless money printing even bernanke he is bothered by the idea and because they're worried about it i mean things inflation can get out of hand even by their standards we can go to hyperinflation and this is happened before in the world we're in an entirely new era there's never been a period where the whole world was a currency and where every single government seems to be following john maynard keynes his views print print print print print borrow borrow borrow go into massive debt that's the answer to all our problems and of course it's not the answer it's it's the it's the way to. down a very deep hole into economic destruction with the capital. like you cannot even without now that a lot of. without radical radical changes which we need radical changes by the way right like getting rid of the fed that would ask the bank a lot of the street looking for a job well that's about you kind of preceded what i wanted to ask and a question because it deals with something that ben bernanke you brought up so you were just talking about this the problems with the secrecy of the fed and and your view and a view of many others that that we hear from that the fed is not independent that it's very much beholden to the interests of the big banks just as as one example so there's that issue but then you have congress wanting to have more of a role in auditing the fed and bernanke being concerned that has a what happens when suddenly congress is more able to advance its interests with the fed and with federal reserve policies which is something that i don't want either and my view would not be an improvement it would just be the same thing just different interest at daycare so is the answer what you just said is that ending the fed is not the only answer or the only solution to these to these conflicts we need we need we need money that can't be printed up by the government so we certainly don't need a central bank which has been a disastrous institution that has as empowered for example all the wars the u.s. has been involved in and many many other horrible things the government has done so yes we need we need to get rid of the central bank this is true of other countries too these are always very evil institutions that operate to the benefit of the banks and america's case the federal reserve was written by big banks and they got together in a in a secret meeting been secret jackal island georgia before the founding of the fed the rockefeller interest j.p. morgan. other big banking interests got together and they hired a harvard professor to write the legislation so the idea that these people were all of planning for the public good and concerned about the average person no they were they wrote this act in order to benefit the big banks but of course in order to get the government to pass that they had to benefit the government to which indeed it does but it's been very bad for the regular person you know the the dollar is worth . in a sense of what it was when the federal reserve was founded and i fear we're going to see much more much higher prices much more economic turmoil that's going to be in this country like it is in europe and until we get rid of keynesianism central banking and these institutions that empower big banks and big governments to poke a stick in the eye of the rest of us to their own benefit we're going to have more and more trouble so if you're concerned about any kind of society and onto our children our grandchildren and not have this runaway government and runaway banks and their collusion against the rest of us you know we need we need and. well if if i do still have you here and looks like maybe we're running into into some problems we have you back again because quickly before we go to break i do want to ask you see more trouble ahead i'm curious what kind of trouble because five years ago we had a massive financial crisis people lost millions of dollars in their investments and savings unemployment lines suddenly were were long and it was a it was a real crisis so when do you see that kind of an event ahead or do you see the u.s. muddling through the wage upin has for decades with structural unemployment and just economic despair that's just perpetual i hope we're lucky enough to take the japanese path but i think that's i think that's not going to be the case i think we're going to have something that's going to make the last crisis look look almost like a happy time i think we're going to have terrible much more unemployment than we have now to cause the government lies about the unemployment statistics it's not you know it's not what they say it's about double what they say we're going to have much more trouble for businesses the government is going to be cracking down on everybody we already see this of course with the american police but there's going to be an economic crisis going to make the last one look much worse and so therefore the changes are going to have to happen and i hope to goodness that the americans are educated enough about economics and about politics. i don't understand what we have to do not give more power to the government this is the only institution of course they want to fall flat on its face people want to give it more power we can't have that anymore we have to take away their power return the power to the people take away the power from the bags then we have a chance of building some economic growth and some prosperity but what we're facing right now is a most a very scary situation and we have to pin the tail on mr bernanke he and the rest of the donkey's who have given this to us their ego seems like a lot of people have the blindfold still on and may not be able to do the have but we're certainly trying to help people get the information they need to make their decision i want to talk about so much more of the rock wall if you'll just stay there we're going to go to a quick break and have much more with lou rockwell author and chairman of the ludwig von mises institute still ahead a new survey says wall street banks and the stock market are not winning the high school popularity contest we'll talk about in loose change but first the closing market numbers. free. education free. for three. three. three. three. three broke your video for your media project c.e.o. don carty. sure is that so much internet there's a huge musician. mark webber in syria witnessing a new generation of warfare and information for their peers no doubt western media aims to construct a concert. her own stores are here. to. going global that's. why. you. choose your place to take your stuff. to. make your statement. the more. you can stream. sometimes you see a story and it seems so you think you understand it and then you glimpse something else you hear or see some other part of it and realize that everything you thought you knew you don't know i'm sorry was a big issue. you know we've spoken a lot on this show about the idea and the evidence behind a two tiered criminal justice system with financial crimes where maybe on the one hand you have the c.e.o. of peregrine financial group which although there was a smoking gun you saw him very quickly arrested and charged verses john corazon the head of m.f. global where much more customer money went missing but we've yet t

c.e.o. of campbell soup deniece morrison said and a lot of the c.e.o. women said they required the support of their spouse. that was critical. so i think there is such an important role for the man if they are going to be being t primary caregiver for the child, i think that was such an interesting note amongst all the women c.e.o.s and that is what we will see with marissa as well. >> that is what i mean by asking for help and demanding help and expecting it. it takes two to make a child and there should be someone to help you. not everyone has the good fortune of having a partner in the house but they can have extended family members and friends, they can have caregivers. it's impossible for anyone person to adequately do all that a child need as loan. we all need help. >> if she fails, what is this going to mean? >> fails in her job? >> if she is fired in a year. >> i think she has a lot of courage take on the job. she is a terrific role model because she is young and pregnant. look at debbie wasserman. both are young mothers and leaders of their party that is the role modeling all american women need. >> you agree? >> as a mother of five i could not do what i do if i did not have the support might have spouse and she could succeed. >> there are a lot of problems with yahoo! and it will be interesting to see if she can turn it around. >> and her husband is a venture capitalist. he has not said anything about whether he is going to help. and frankly, it doesn't appear that he will. so assuming you know, whether i'm right or wrong but assuming for the moment that he won't,. >> well, we cannot assume. you learn how to carry the kid on one hand and blackberry on the other. women are brilliant multitaskers and although it will be difficult and maybe she cannot work the 90 hours, there will be sacrifice involved because a ild wl not be seeing the mother as much but you know having the resources and being able to provide for that child it could work. >> just quick. i don't want to overlook that women choose to be the c.e.o.s of their homes. and stay at home. and we should value and honor that choice as well. and you know, everybody i think, asking for help is key. and with respect to marissa's husband we don't know what he is going to do and he is doing the right thing it's their private life how they will raise their child. amen to women who want to have choices in life and les give women and everybody more choices. >> and let's acknowledge that not every woman has a choice. >> exactly. >> absolutely most do not. >> exactly. i want people to acknowledge the fact that it's a bit elitist to say can you have it all as if everyone has a choice. many women are balancing because they have to. they have to do it. and they are doing it and they are making it work. >> but you know, i want to refer back to that article in the atlantic that came out a couple months agobout the last name was slaughter had a high level job in the state department and two teenage sons and a husband who was a full-time homemaker and she quit her job because there was a problem with one of the sons i saw that as whining. the boy had a full-time parent at home. and the boy may have turned out badly, maybe he had a chemical imbalance like so many kids do these days. and he may have turned out just as badly if she stayed at home with him from day one. >> i is such a personal matter and it's you have to figure out what is your priority. if your top priority is that you want to be there physically, like being in control of what is happening in your house then you need to make that choice. whether it's the mother or the father. and that point, i think that it's really up to the parents to make the best decision that they think is for the family. and some cases the father might be a better caregiver than the mother. and that works fine as long as there's stability in the household. and love in the household. it could work. >> and i think we've lost sight that being a parent doesn't mean you are a servant to your child. being a parent means you are a leader. and you set a certain tone in the household and if love is the tone and support and unconditional acceptance you do not have to be there every second. parenthood is leadership. and that is something any mother when she is a c.e.o. can do whether the husband is home or she has nannies at home you can set the climate. >> like you said with the mother from the state department that she was pulled back to the home because of her son and she felt like she needed to be there for him. and sam pointed out she wanted to be a leader and lead by example. and i think what her son is going to remember is that she was home with him. and he might take that with him in his marriage and say there might be a time when my children will need me and i will choose my children over my career. we should not put value judgments on it. i do not see it as whining but women are good at bringing people together at peace negotiations. there should be more of us. but i think we should not women can make choices. and they should be honored and they are personal as you pointed out. let us know wt y tnk. follow me on@bonnie erbe or to the contrary. from having it all to global equality. secretary of state hill hill said this hillary clinton sa

c.e.o. of our parent company gannett is on that short list. why do you think her selection as c.e.o. is creating such a buzz at yahoo? >> i think first of all it's a terrific choice. you were just reading about her credentials. she obviously has a great background, a lot of great experience at google. i think some of the buzz is because she's young, 37, and it's her first c.e.o. slot and oh, by the way, she happens to be having a child. i think that's actually terrific and i think it speaks to the fact that we've come a long way in terms of being open to all kinds of different possibilities. i think it's wonderful that she's setting a lot of firsts and i think the boorldz of yahoo obvious -- board of yahoo obviously chose her not just for the next couple of months but a long ten wriewr to turn around the -- tenure to turn around the company. >> 50% of the population is women yet only 4% are in the fortune 500 list of c.e.o.s. why do you think that is? is it a slow evolution you think? >> i think it is an evolution. i think a lot of women haven't been in the roles for a long time that lead towards the c.e.o. role. i think what we'll see as more and more women are in operating roles and other roles at a variety of companies, that we'll see a lot more women c.e.o.s into the future. >> is there a difficult balance when you have a family? you're married, mother o

c.e.o. to this problem. the c.e.o. is balancing a lot of considerations, looking at quarterly annual budgets, quarterly profits. for the average c.e.o., the threat of cyber attack is distant. for the average chief information officer, it's not so distant. as the majority leader pointed out earlier today, i think it may help to look at something very difficult to look at, which is what's happening in india today, where the power system has collapsed for hundreds of millions of people. now, that is a breakdown as far as we know, and i believe that's what is the fact. that's a breakdown in the -- in parts of the electric grid. but -- and let me give another example. last year in connecticut, we had a very serious early storm, early winter storm where there were still a lot of leaves on the trees, the branches were heavy, the -- a lot of the trees fell and they took out a lot of power lines in our state, and a lot of people were without power for days and days and days and days. public buildings were used as shelters for the homeless. elderly people particularly were affected. food spoiling in the refrigerator. the lack of lights in the

c.e.o. of funneling players' winnings to board members and owners. the c.e.o. says he's been working hard to ensure everyone gets paid. he faces up to 145 years in prison if convicted of all charges. let's get back to the legal panel. rand. >> randy, you don't think it's a ponzi scheme but when you pay the board members $430 million and owe players 300 million and you only have 300 on the books, that's a pyramid scheme. >> we could shut it off there and write everybody off but keep in mind, the united states government shut down this site. basically put a chokehold on the site by essentially making it a crime for a bank to do any kind of banking business with them. they rely to do their business, checks, electronic funds transfers and credit cards. they have to stay in business to pay anybody back. what happens -- >> they can't get to the money. what were they supposed to do? >> it doesn't take $400 million to run this business. and what randy is telling you is a bunch of nothing because he wants to distract from the facts. this company took their money and gave it to whomever was on the board and did with it what they pleased. they took the money and gave to investors. that's a classic ponzi scheme. >> randy, if you have -- for you to say turn the credit card machines back on and we promise to pay these guys back, you paid the board $430 million. you owe players 300 million. you can't say if you turn us back on we'll make good. >> that's not in and of itself a crime. if it were, privatize the jails. >> randy. >> every businessman and woman would run the risk of being locked up. that's not in and off itself a crime. >> bernie madoff was a crook and a crime. >> this company would have been able to stay in business. these gamblers would have been paid back. >> never. >> but for the fact that the government shut the site down and said, hey, good luck paying the people back. people continued to put their money in. >> randy, in another month it would have been $600 million. the government did what they had to do. it was an outrageous scam. how many millions of dollars do victims need to lose before we take notice. >> the c.e.o. by the way was going to ireland, looking for a cold guinness. >> that's where the company is based out of. he voluntarily surrendered. >> after 15 months. >>> randy zellen, courtney, thank you both z thank you. >> a huge scientific announcement that could answer some of the most fundamental questions about the universe. first, saying farewell to the beloved actor andy griffith. in a statement his family said he died at his home in north carolina this morning. andy griffith was 86 years old and brought his distinctly american charm to roles in the theater, movies and television including one of the most iconic characters in tv history, sheriff andy taylor. ♪ [ music ] >> the hear the whistle, you think of the name. andy griffith and mayberry rfd. >> barney, don't shoot the slingshot in the office. >> i was born with a slingshot in my hand. >> that's good. >> born and drew samuel griffith in mount airy, north carolina in 1926. after majoring in music he andy griffith taught high school