it's all the loopholes in the cayman island and the off-shoring of money.y're not paying their fair share. that's what the problem is. we back that up every day on this show with actual numbers and facts. it's not like, o they're rich. we're worried about that. no they're taking the money for their own executives and they're not paying the taxes on it. it's not fair and it's not right. i'll bring in an expert william cohen who has worked on wall street wrote a book on it. thanks for being here. we appreciate it. >> my pleasure. >> let's talk about the state of economy. obviously encouraging numbers but on the other hand, i'm a little worried that it's still a band aid strategy opposed to fixing the underlying fundamental problems of the economy. where do you stand on that? >> i think it was a very good week for president obama in the sense that unemployment rates seem to be coming down. the number of jobs created went up. you had the pre-sump the presumptive nominee mitt romney saying he doesn't care about the poor people even though one again his words wer

but he skips over the end because it depresses him and instead, he imagines the grinch on the cayman islands. >> and horton hears a stock trip. >> and horton hears an insider trading tip. >> the lorax, the muppets and the girl scouts. and we laugh but during the mccarty era, the baseball team cincinnati reds proactively changed their names to cincinnati red legs so no one would think they're communists. should we be worried about dickens, bugs bunny. >> dora the explorer. >> superman. >> without anything super, more deli than super. but dora the explorer is in big trouble because she was born and raised in america but lou dobbs believes she's a mexican alien because she insists on speaking spanish in public, and she's asking to be deported. >> this is a good time to mention this, did you know of lou dobbs' wife, her maiden name: i used to work with her. if anyone at home doesn't understand this. she's debby segura dobbs. >> oh, my god. >> exactly. it's a deep deep waters we're entering in. some of the comments are not necessarily questioning climate change but more like a real hostile enviro

sucking dry the middle class and then moving the money into their offshore bank accounts in the cayman islands they've become a cancer and are just as big a threat to our democracy now as they were in one nine hundred thirty six when president roosevelt first warned us about his generation's economic royalists is generations one percenters in fact they're a bigger threat now because of the supreme court's citizens united decision because that decision has given the power to literally buy our elections to that one percent and that's where we have to start right as citizens united right at the idea that corporations are people and money is speech if we hope to turn the tide in this war the roosevelt started more than seventy years ago and the warren buffett warned recently is all about lost today federal courts across america were occupied by the ninety nine percent i showed up and helped occupy the supreme court here in d.c. an action organized nationwide by move to amend or to carry all of us forward in a struggle for democracy and an economy that benefits all americans. repeat the mantra mone

or fraudulent situation is that we don't have somebody who's skipped town is ended up in the cayman islands or the money in a swiss bank account everybody is still on board everybody is still here so it's the money itself it's the assets themselves that got used in a illegitimate manner and they're no longer on the balance sheet of m.f. global they're going to have to sue some people and they may have to put some handcuffs on people to get them to return the value of what they took at that point ok now to follow up on the point jim if global trustees. i've said this week that m.f. global did record cash movements isn't that outright fraud absolutely and i think it's disingenuous to say that in the last days things were a little chaotic and crazy of course they didn't record things but the difference is did they not record transactions that were legitimate and they're just a little behind on their bookkeeping or did they actually do something that was under the table i believe that you can't have a billion to gone unless they did something that was under the table again with the hope that th

criminal or fraudulent situation is that we don't have somebody who skipped town is ended up in the cayman islands or the money in a swiss bank account everybody is still on board everybody is still here so it's the money itself it's the assets themselves.

on the private equity world but you know he does have a history there he has accounts in the cayman islands all these things that make him seem a little bit unusual i think to most voters felt dispersion on these people and like that ok feel free to cast aspersion right along. i mean along with i think record you know he was forty seventh in job creation in massachusetts so he's going to have a really tough i think a record to explain himself but look the bottom line is we're a very divided country and this campaign is going to play out across you know eighteen twenty two battleground states and i think it's going to be very close and the president needs to be very prepared i think he is but i i do think in the last month or two i think democrats have got you know the the concern about mitt romney has been reduced a bit because we've seen over the course of this primary that you know he's not as he's not as powerful as i think many people thought he would be you know john i get the impression sometimes that obama's not so much worried about someone like me but he's actually more worried abo

can add republicans in florida with redistricting is if they redistrict into bermuda and the cayman islands. they will try, but we do have their districts and florida and we are hopeful that -- imagine that we will go into court and hopeful at the end of the process we will have a good map. even republican maps because of the math give us seats. they have to because there are so many more democrats than republicans. if every seat was a democratic seat -- [laughter] we've also factored that in. there is never going to be a perfect is to wokrk hard to create the best environment weekend. guest: you talk to democratic governors. i know you do not have coordination with super pacs, but i am curious about the gap between republican and democratic super pacs. for the house and the senate and the presidency. they have traveled so far behind the republican counterparts. guest: this is what keeps me up at night. we have checked the box on everything, all our strategic objectives. the one that we still have to focus on is the fact that karl rove and the koch are bin going to come in with undisclosed

i heard jim clyburn talking about cayman islands and swiss bank accounts. by the way, i think the next month is a critical month because romney has to face the attacks from obama. he has to solve the problem which he is not doing well with people who feel economically depressed or challenged. he needs to do that. >> he said in the speech, he was in his game. he basically felt good about going. >> gingrich is going to get back in the game he has to redefine himself. >> sean: he went after obama hard in this speech. if you didn't turn things around one term proposition and we're here to collect? >> i think that is good point. that energized all republicans. electability was important part of the game tonight. people want to see who is going to be tough against obama. >> his personal negatives, the level has reached so early has been harmful. in florida bad state for obama, suddenly romney is winning big, he has fallen 8 points behind president obama. >> there was a poll out, one-point race. good to see you. for more reaction to tonight's primary results we go

it is in the tax haven cayman islands. it doesn't look like much, does it? i don't want to say it is a crummy little building, but it certainly doesn't compare to a lot of other business buildings. but it does have something remarkable happening within it. it has 18,000 corporations that claim to be doing business out of this location. 18,000 corporations in this little five-story building. it gives a new meaning to the phrase "small business." as our budget chairman, kent conrad, has pointed out, the only business going on in ugland house is funny business with our tax code. shell companies that hide assets and dodge tax liabilities. mr. president, it does not make sense that our tax system permits the highest-income americans to pay a lower tax rate than a truck driver pays. and it doesn't make sense that we allow americans and american companies to, by the thousands, to hide income in offshore tax havens like this. if you look at the rates that are paid, warren buffett 11.6%, the occupants of the helmsley building on average 14.7%, and the 400 $225 millio

how kind so many americans were -- >> is it patriotic for you to stash away your money in the cayman islandshave to talk -- hello imite mitt romney. i'm relaxes and not appearing ill at ease. >> he just doesn't have the enthusiasm. >> people have referred to my as the rimmie cunningham candidate. >> i'm going to pot you one so you stop playing games. >> women in infantry, there's physiological differences. >> when newt sees a woman's life in danger, he abandons her. >> it's important that women both outside the home and inside the home are firm for their choices they make. >> that's what we do at our house on sunday. >> that's no problem. that's a new quote for me. >>> let's bring in our panel michael eric dyson an msnbc contributor, author, scholar and professor and misha till et. good afternoon to both. professor dyson, he sounded like adam in the garden of eden who first blamed his wife from eating from the tree of life and then said he couldn't recall a passage from his own book. you're an author, sir, what you this think about his team to explain away his comments? >> it's revisionist h

. >> but governor, this is a guy who has money in the cayman islands. it is context yule. the words fit the man. the way he talks about firing people, corporations being people too, betting $10,000, he does come off as an elitist. >> what about the charitable contributions? >> he makes $20 million a year. >> the president makes a lot of money. joe biden makes a lot of money. you don't see those dollars from them do you? >> i think biden makes about 10% of what the other guy makes. let me go back to sue. what does newt gingrich have as a candidate for president? i was surprised to hear you. you're sort of a moderate republican. i don't want to get you in trouble out there. how about mainstream republican? i thought he was wild for you. why do you like gingrich over mitt romney? >> you know, i remember, chris, in the '90s when the speaker led the charge for the republican revolution. when the speaker was an integral part of balancing the budget, which we haven't had since he was there. when the speaker was a big part of welfare reform. i know he can reach across the aisle an

when you say tax haven, they think about far away places like the cayman islands.est places to hide money could be here at home. back at headquarters with much more on this. scott? >> who knew. the u.s. is one of a handful of companies where you can set up without saying who is behind it. they say this makes it one of the easiest places in the world to launder money. they have a number of states like nevada. a former bartender who does this for a living. he has 2400 companies registered in nevada about 30 miles outside reno. he will front your company too. no questions asked. >> they don't do investigative work on the people. if you want to save money. >> if a terrorist wants to launder money and set up a n nevada -- >> if i knew. that's the thing. if i know. >> i was reading on your website, corporation wise, there is no wrt bay to cloak your assets other than remove them from the country. >> for doesn't say that. >> for does. i am reading off the website. there is no better way to cloak the assets from the public. >> can i have a minute? >> sure. >> that's a typo