and that is, andrew cuomo has been incredibly silent. we've been calling him and there's been no statement, nothing. i don't know what to read into that, but he has not been responsive yet. >> my guess -- >> i would guess an announcement's coming, then. >> maybe. i don't know. he has not been on our air, by the way, in a long time, mark to begin with. some thought maybe that because of his broader political agen aspirations, but a lot of people want to hear from him. >> i have no inside knowledge, but my guess would be he has asked to see the evidence. >> maybe so. maybe that's what it is. >> and his staff will go over the evidence, because it's not enough just to look at the complaint. he's got to look at the evidence. >> right. >> and remember -- >> e-mails -- >> and remember, too, just to take a quick leap of aside.

i do not want to be in a position of defending andrew cuomo's heading upon hud, when he continually pressed fannie and freddie to make loans to people the that they knew could not pay. i do not want to ignore it judge pose near's very important comments about suburbanization. there is more travel, more pollution from cars. but all has to be in there, but i do not think conservatives can content themselves with simply a tax on housing subsidies. or the notable recession of the deductibility of second mortgages. we have to decide whether there are externalities', whether they are positive or negative, and what sort of subsidies are appropriate to that circumstance. that is much harder than just saying, fatty -- freddie and danny, what do you owe us -- freddie and fanny, what do you aus? it is something like $40 million. that is a lot of money, and we did get it wrong. but it is just one of the things we have to think through. when we socialize at risk, which we have done with health care of course, it does not make it crazy for the president to say we, the government, need to have a role in r

we'll be back with governor mario cuomo after this.hat night that this show would make it. i don't know why. mario cuomo was the first guest, he was fantastic. >> that allows you to be a jew, and me to be a catholic, to choose, by allowing everybody to be what they are. >> larry: larry turner called me, said, do you want to come work for me?

chris cuomo will bring us the story ttonight on abc's "20/20." >> hey, how are you today?t. a man was convicted of rape and sent to prison, but a woman comes out later and says it never even happened. why did she make up this lie in the first place? >> it is one of those stories where you think you know everything when you hear it. the false accusation, it did not really happened, and ultimately, justice had to be served. and yet the rationale for what happens brings in some money to questions we have in life about how you tell the -- so many questions we have in life about how you tell the truth, the nature of getting justice in the legal system. what happened with these two is really a fascinating story, and has a lot of hardship on both sides. the answer to the question of why is very complicated. why that night, like the next day, the story continued, why did she believed it did not happen, why did she believed she had to say in the first place? how was william able to influence of the legal system or not, for years? it is a really interesting story. i was actually sho

>> call dropping. >> cuomo, there was a great piece of times, cuomo takes lots of calls and shapes hisaping. >> he will not do that with me. maybe it's me. maybe i smell. >> don't do that. don't do ta. it's not you, believe me. coming up, an exclusive first look inside the politico playbook including the white house correspondents dinner. why it's becoming the super bowl of nerdy washington events. that would explain it right there. first, here's bill karins with a quick check on the forecast. >> here's a view of that wedge tornado, the one across mississippi on saturday. it was 1 is 7 an miles wide. ef-4, winds of 170 miles per hour. this morning, bad weather down here in florida. we've already had tornado warnings, trees down in many areas in the southern half of florida. that's going to track through west palm beach and fort lauderdale shortly. rain up north. philadelphia airport one-hour delays. washington, d.c. light rain. that will move into new york throughout the morning. also forecast just damp and gloomy all areas of the mid-atlantic up through new england. middle of the coun

and the two months between the july 23 cuomo report, in september to one, our press office and those at the agencies held at scores of these initiatives, using three state housing agencies, eliot pumped hundreds of millions in to affordable housing projects, and a program designed to slow the wave of housing foreclosures beginning to sweep across new york and the nation. upstate economic development became the focus of more than a dozen grant approvals. eliot began several programs that confronted the reality of the large and growing immigrant population in the state, both legal and undocumented. these and other programs that exist in the states immigrants were important to eliot. a second generation of america, he understood that new york economic vitality have always benefited from the constant influx of immigrants. both lawful like kelly's grandparents, and illegal, like my own mother. with the legislator -- with the legislature out of town, eliot seemed to settle down a bit. despite all that had happened, eliot seemed stoically committed and at peace. right after labor day, eliot

meltdown was fannie and freddie, acting upon the mandates from hud, the housing department, andrew cuomo was the secretary, congress, barney frank and his ilk, essentially saying we want you to buy up these mortgages we made that were given to people that could not afford them in the first place. how culpable is fannie mae, for example, for the wholenings meltdown, steve moore? >> i think they're at the epicenter. the problem is with these institutions, you're right, that they have these kind of private profits, but they socialize the losses, but it's deeper than that, and maybe something we would agree on. you have these institutions making massive contributions to members of congress, people on the banking committee, that's one of the reasons -- and this is republicans and democrats -- a reason they turned a blind eye to the activities. if we can't privatize them, at least let's get rid of the yesterday of 100% guarantees. i have been risk sharing, i want the people who originated the mortgages to share the risk, that way you don't get these lousy mortgages that are made. none of tha i

. >> look, andrew cuomo said something important to me. he said to me, people do not go back into the water until they know that the shark is dead, period. so, yeah, when they feel that the shark is dead, and they feel that the policemen on the job are doing their job, then sentiment changes. we will continue talking about this conversation, because this is obviously an impassioned conversation and important one. guys, see you later. thank you very much. listen to market down 23 points on the dow jones industrial average with 45 minutes before the bell sounds for the close. scott? >> and maria, just ahead, an exclusive closing bell interview with starbucks' chairman howard schultz. the stock is up after strong earnings we reported a of the bell last night. he will talk about the business strategy and the hiring plans next. >> and how about the corporate sector? a lot of positive talk about the balance sheet, and we are goelting microsoft, and amazon.com, and american express reporting tonight. we will look at that, and ahead of that lookin

his group has said that andrew cuomo, that his campaign must have leaked this e-mails.hich is a way of bringing up his stature. >>> we are breaking new. nadia bloom is now arriving at south seminole hospital. she should be getting there any moment. she is the 11-year-old missing for the last five days, found within the last several hours in the woods not far from her home. she is being taken to the hospital to be treated for dehydration and significant bug bites. she was in an area where the water was six feet deep, mud, five feet deep in places. these are the newest pictures we're getting in. and we did just hear from her father a short time ago. let's take a listen. >> at first, you know, i ran and told my wife and gosh, i just -- just thank god when you get home and just give him the praise for this. thank him for that -- it's just amazing. things don't always turn out this way. you're so blessed. so blessed. >> again, that is the father of nadia bloom. this is been a devastating series of days until now, where there is something to celebrate. her sister thought she

. >> it's civil fraud, and we have not even heard from andrew cu o cuomo. he obviously could press criminal charges, and has not yet made a comment to what he's going to do, but jim, are you saying what could change here is that we're going to start to see more of these sorts of fraud cases filed against other banks? >> yes. we've already started to see this start to come out. last week we learned about magnatar in chicago. we've seen more of this coming, and that's what's going on. if we're going to say that the selection of these loans was fraudulent, that will be the game changer, because everybody used some kind of bias in selecting these loans. were all those biases disclosed? probably not in most of the cases. if the s.e.c. is going to say that's what happened, then all these 2007 deals would have to be revealed. >> we believe in hindsight that paulson was the greatest thing since sliced bread. i was the victim of a letter-writing campaign six months after this piece of paper was filed, because i said it would go down dramatically. there are two sides

even to go back to your previous question, remember mario cuomo famously said we campaign in poetry androse. he has a government with more poetry to get those folks to. >> i want to talk about his ascent, his ambition, how we understand that and how that's playing out in his presidency thus far. david, your book deals with something very central which is that for barack obama to become sort of well-situated as a man and ultimately as a political leader, he had to work out his own racial identity and come to terms with that. here is a portion where you talk about identity in the book, racial identity. you write this: even before he announced his candidacy obama was selective in talking about race. as the only african-american in the senate, it would have been natural for him to be the most constant voice on black issues, quote, unquote, structural inequality, affirmative action, poverty, drug laws, but he was determined to be a politician with a broad outlook and purpose. >> that maintains even now. i had an interview with him in the oval office right before he was going to deliver his i

third is the attorney general of new york, andrew cuomo. criminal and civil lawsuits have -- civil is preponderant of evidence and criminal as build beyond a reasonable doubt and many of these cases you could make a reasonable argument that the participants in a transaction should have known about the various risks involved or that people who were selling risky investments kind of believe these investments would work out and maybe they were deluding themselves or suspended common sense or they believed it would work out. proving this mindset was not the case beyond a reasonable doubt is very hard. by contrast, getting enough evidence to say that they were negligent, that is much easier. that is kind of the reason why it is easier to bring a civil action in these financial cases than criminal action. host: phil is on the republican line from baltimore. caller: i have a question for mr. goldfarb. given the financial reform bill came out of marked up by 7:00 a.m. and a vote at noon that day -- is that enough time to really cover such a complex

[applause] attorney general andrew cuomo. [applause] state comptroller thomas to nepali is here. [applause] the mayor of new york city, michael bloomberg. [applause] dr. george campbell, jr., the president of cooper union. [applause] and all the citywide elected officials, thank you for being here. it is great to be back in cooper and union where generation of leaders and citizens have come to defend their ideas and contest their differences. it is also great to be back in lower manhattan. it is just a few blocks from wall street. [laughter] it really is good to be back. [laughter] because wall street is the heart of our financial sector. since i last spoke here two years ago, our country has been through a terrible trial. 8 million people have lost their jobs. countless small businesses have had to close their doors. trillions of dollars in savings have been lost. as a nation, we were forced to take unprecedented steps to rescue the financial system and the broader economy. as a result of the decisions we made, some of which were very unpopular, we are seeing hopeful signs. a li

attorney general andrew cuomo, state comptroller thomas is here. [applause] the mayor of new york city, michael bloomberg. [applause] dr. george campbell, jr., president of cooper union. [applause] and all the citywide elected officials who are here, thank you very much for your attendance. it is wonderful to be back at cooper union, where generations of leaders and citizens have come to defend their ideas and contest their differences. it is also good to be back in lower manhattan, a few blocks from wall street. it really is good to be back, because wall street is a part of our nation's financial industry. since i last spoke to years ago, our country has been through a terrible trial very good for the 8 million people who have lost their jobs, countless -- has been through a terrible trial. for the 8 million people who have lost their jobs, cal was businesses have been forced to close their doors, -- countless businesses have been forced to close their doors. it has forced entrepreneurs to give up on their dream of starting a company, and as a nat

. >> that happened to cuomo in new york state but if you're the national democratic party and you see, if you -- do you want to win the seat or lose the seat? >> i know, but that's -- look, you take it away from meek after he's been out there -- >> it is a chest game. >> we'll see. >> that's tough stuff. >> that will be tough stuff. >>> a new analysis by the health and human services department is giving president obama's new health care overhaul law a mixed verdict. the report says more americans will be covered but costs are also going up. according to the analysis, the law raises projected spending by about 1% over ten years. that increase could get bigger, though, since experts also warned medicare cuts and the law may be unsustainable. i know someone who's said that. >>> at the very time the economy was collapsing, this will be heartening to know, apparently some employees at the agency in charge of regulating it were allegedly surfing pornographic web sites. according to a memo obtained by the associated press, in the past five years, 33 employees at the securities and exchange

. >> attorney general andrew cuomo, we're waiting as everyone from goldman is going to be parading in0 times. he has not given a statement. he has given zero statements about goldman sachs since the charges 11 days ago. he has given five statements about other things including this, queen's nurse accused of knocking patient out of wheelchair and stealing medication. >> how could the attorney general of the state of new york not offer one statement on the goldman sachs scandal? >> i don't know, he has made five statements on things from wheelchair cases to $100,000 dollars of restitution because of car dealer issues. my producer has called at least 50 times. >> unbelievable. that could be the problem be. >> we'll keep calling. >> coming up next, we're going to discuss arizona's controversial new immigration law with pulitzer prize winner and friend of "morning joe," eugene robinson next in our political roundtable straight ahead. tdd# 1-800-345-2550 i thought investment firms were there tdd# 1-800-345-2550 to help with my investments. tdd# 1-800-345-2550 if i could change one thing...

in fact, in 1999 there was a major hud press conference where the then secretary, secretary cuomo announced that you would be required, you and freddie would be required with new affordable housing requirements to make $2.4 trillion in affordable housing loans, starting right then. and, in fact, there was a statement by president clinton saying this was wonderful, because housing -- homeownership in the the united states was increasing substantially. and that shows in fact that you are under really substantial, i think, political pressure to make sure that you did these things. because not only was it important for all of us to see at homeownership is increasing and the united states, something americans have always wanted, but it was of particular edges of the clinton administration and then subsequently the bush administration. both of them were focused on improving homeownership. and i would assume you would agree with the. >> i would agree with that. >> mr. chairman, i would yield the commission an additional five minutes of. >> thank you. >> my short comment would be that because fanni

they've got andrew cuomo in an buildings, sale of improper mortgages.but what they've left out is $5 hundred billion by citycorp, union bank of switzerland, royal bank of scotland, who really destroyed $5 hundred million of 401-k plans based on false financials filed with the s.e.c. host: we're going to leave it there because i have to get back to louise story, but thank you very much for weighing in. louise story, before we let you go, michael brought up some interesting things about 401-k's. as investors all over the country go back and start looking over their 401-k's on monday, is there a reason, if they've got money invested with goldman sachs, is there a reason for them to be scared? guest: this they've invested in goldman stock, again, i don't think we can at all discern what's going to happen with that. we don't have a crystal ball here. these stocks have moved all over the place. if you remember, the bank stocks were down in the gutter at the height of the financial crisis. so, you know, i can't say that they should be worried at all, but i thi

[applause] attorney general andrew cuomo. [applause] state comptroller thomas to nepali is here. [applause] the mayor of new york city, michael bloomberg. [applause] and all the citywide elected officials, thank you for being here. it is great to be back in cooper and union where generation of leaders and citizens have come to defend their ideas and contest their differences. it is also great to be back in lower manhattan. it is just a few blocks from wall street. [laughter] it really is good to be back. [laughter] because wall street is the heart of our financial sector. since i last spoke here to years ago, our country has been through it tellable -- a terrible trial. 8 million people have lost their jobs. kalb's ridiculous small businesses have had to close their doors. -- countless small businesses have had to close their doors. trillions of dollars in savings have been lost. as a nation, we were forced to take unprecedented steps to rescue the financial system and the broader economy. as a result of the decisions we made, some of which were very unpopular, we are seeing hope

announced, literally the day before you will notice quadrangle group settles with the sec and andrew cuomo the attorney general, their problems with trying to influence the people who make decisions about giving out money to private equity funds and pension funds and former car czar who was involved in doing that, they chose to settle rather than fight. goldman chose to fight rather than settle which means goldman thinks it has a good case and if it has a good case, as much as they are so easy to hate and everyone wants to hate them i suspect there's another side to this. >> i have a two part question. the first part is do you think this goldman thing is the tip of the iceberg and in the next couple weeks or months we will see other firms coming out with this casino approach that we see on wall street where it is nothing but a bunch of gamblers? and i did read your article and i do debate just because something is not against the law has to be brought up civilly, does it make it right? my interpretation was if you by someone from someone selling you a product, you put your faith in to what