onset with me for the entire hour eliot spitzer, good to see you. >> pleasure to be here.ou. >> there it is. mitt romney is the winner, mark rubio said earlier today that whoever wins the republican primary is the republican nominee. do you agree? >> not only do i agree. i think this is the first of many dominos to fall in the in connection couple of days. the establishment, the elected officials, senators governors, those outside from, you know karl rove on down who speak for the leadership of the republican party saying not only he is the nominee but implicitly and sometimes explicitly saying to newt gingrich, you are staying in this race is an act of narcissism, get out. end it. let us coalesce. mit i don't meanney is having the night he wanted. one last point, after south carolina and that was probably the worst week of campaigning he has ever been through, you know, from his taxes to the tax, it was a disaster. what doesn't kill you makes you stronger, an old cliche but kind of true. he has bounced back and now trial by fire he is saying look, i am here stronger bette

coakley was the attorney general back at the time when eliot spitzer basically got taken down by that phone call. but my point is right before he fell from grace, he signed a letter on behalf of all 50 states attorneys general attempting to stop the predatory lending, and like those jumbo loans, the 80/20 loans -- i'm an insurance agent. a lot of people get mortgages by insurance and then go under. but all 50 attorneys general tried to stop these funky mortgage lending practices. and i believe it was john a ashcroft at the time who shut him down. they said the state laws couldn't supercede federal law, but they cited like an 1800s law or 1700s law. i then heard rick perry while he was on the campaign trail saying that texas didn't allow them, the companies, to do that to the residents of texas. so i was a little confused when i heard him say that, because my understanding -- of course, i don't have the document in front of me. i used to use it on my radio show. however, it implied that the states were stopped from protecting the consumers. >> okay, nancy. martha coakley? >> i was atto

read it also includes a debate on whether to prosecute wall street banks or mortgage fraud with eliot spitzer and lanny brewer. plus, hear from wahil gone. it all begins monday at 8:00 p.m. eastern on c-span. "president obama last week honored the 16 winners of the 2011 national medal of arts and national eumenides metal. among the recipients, al pacino and mel tillis. the awards were presented in the east room of the white house. >> ladies and gentlemen, the recipients of the 2011 national medal of arts. [applause] the recipient of the 2011 national humanities metadal. [applause] ♪ ladies and gentleman, the president of the united states and mrs. michelle obama. ♪ [band plays "hail to the chief"] [applause] >>thank you. hello, everybody. [applause] thank you. thank you very much. thank you. thank you so much. thank you, everybody. please, please have a seat. thank you. thank you so much for joining us in this celebration of the arts and the humanities. two outstanding public servants and ambassadors for the arts are here: rocco landesman. where's rocco? there he is, right here -- chairman of

eliot spitzer, it's nice to have you back.is they don't want to investigate it because they will have to restructure the banks. can we do justice that doesn't require a global debt restructuring? >> i think the answer is you should investigate and should restructure. so i think that's what they should do. let me step back for a second. it's not too late to ensure that the dollar in the global settlement or however, we refer to it get used for the proper purpose. the deal has not been signed. there's some generalized term sheet. it's been announced for political purposes, but the fine drafting points are not concluded. they should put in a state for whoever doesn't use the money, loses it. if michigan or wisconsin wants to use the money for general budget purposes, that money goes off to some other state. i think that's what the public wants. that's the pup of this deal. it can be drafted simply. >> isn't the worst part about this deal -- the money is not going to provide a dent in this problem one way or another. isn't the pro

my question sb i'm curious if she was the attorney general back at the time when eliot spitzer got taken down by that phone call. my point is that right before fell from grace, he signed a letter on behalf of all 50 states attorneys general, attempting to stop the predatory lending and like those jumbo loans, the 80/20 loans. i'm an insurance agent so i lot of people get get mortgages, buy insurance and go under. all 50 attorneys general tried to stop these funky mortgage lending practices. and i believe it was john ashcroft, at the time, who shut them down. they said that the state laws could not supersede federal law but they cited like an 1800's law or 1700's law. and i then heard rick perry when he was on campaign trail that texas didn't allow them the -- the companies to do that to the residents of texas. so i was confused when i heard him say that. my understanding and unfortunately i don't have the document in front of me ise

i found it ironic last night that eliot spitzer was interviewing people talking about these sorts of activities, and that cycle is going on and on. if you want to play a drinking game, you know, who wants to take bets of when we're going to have the first appearance of gloria allred? it's inevitable. i'm getting off the point a little bit here. but at some point i think it was around the time of the o.j. case where you had this confluence of a big public figure, it was a juicy trial, and cable news was just becoming a force. it changed the environment in which we operate, at least criminal system operates. because it's not just cases anymore, it's entertainment. it's a whole media frenzy on big cases. and i don't think that's a very good thing, but that is the environment in which we operate. and lawyers have to deal with that now. >> a very good point. we have some questions from the audience. i'm going to ask the first one for paulette. in taking tony's essence, who he is as a trial lawyer, how does you tell that story in the book? paulette's book is for sale in the lobby and also

eliot spitzer precede med because i served with attorney general cuomo from new york. the potential agreement you're talking about is not when i was in office. i will say this. as attorney general since that time, and knowing what attorneys general have done, particularly the rule that new york can play because of the martin act and other enforcement ability it has, new york's been an important player on states enforcing consumer rights. and in some instances, overseeing banks. by and large, remember, a lot of oversight in regulation of banks and securities is done by the federal government, whether it's the s.e.c. or enforcement by the department of justice at the federal level. the banks have lobbied for a long time to be pre-empbted from any state regulation and would prefer to deal with one regulator and frankly they've had friends in congress, i think, that have allowed them to escape the kind of regulation that might have slowed -- i wouldn't say it would have stopped -- but slowed the fallout we now see from the home loan crisis. i would say the attorney's gener

political pressure and in fact if anything the opposite they had banking standards in george bush when eliot spitzer tried to enforce those banking standards used eight hundred sixty five law to stop him and say sorry you in new york can't enforce your banking standards because you know we want our banks to make profits i've seem to recall they were an awful lot of civil justice organizations out there processing these banks in the ninety's because they weren't extending loans to impoverished. it is and that's just a fact so so that's what i'm sure that's pressure for the fact of the matter is the way to turn this around is for people in america to get back to work it's not to tax the banks and make sure the people they're paying the mortgage is have jobs and that's the present responsibility is failing well you know i'm with you the people need jobs you know franklin roosevelt so the very best welfare program in the world is a job so how do we get jobs to people that work. i think first of all the president has to relax on some of his regulatory policies i think he's a solution for stopping jobs it

that's followed by eliot spitzer on prosecuting wall street banks after the mortgage crisis. >> tonightspan, hear from the man whose facebook page was widely considered to have influenced the egyptian revolution. >> i believe the internet can help change the world, and i know this sounds very cliche, but that's just how i see things. and working for google, working for a company that does mass scale projects online in our region will make a difference. i remember in the interview, the typical why do you want to work for google? it wasn't the food. [laughter] it was really -- the thing is, what i liked about google, the democracy of, you know offering people information. people living here do not understand the value that we all have equal access to information. in oppressing regimes, most of the people would only get streams of propaganda flowing into their brains and this is how the regime could sustain besides making everyone scared. >> see his remarks as part of our primetime lineup. it also includes former navy seal chuck ferrer on the mission that resulted in the killing of osama b

. >> prosecutors have noticed, other prosecutors like eliot spitzer, richard blumenthal, want impressive conviction records. >> all these regulations, they will comb the books and find something. >> this could happen to you. they can take any law they think you broke and take you to trial. whether you win or lose you are going to lose because by the time you are done fighting you are broke. >> the government never goes broke. >> they must spent million dollars. >> i heard they spent five million. >> how much money does it take? >> i've had clients that spent $10 million. >> i cannot even imagine how much money they spent prosecuting my husband. >> the feds tried jill's husband jack and lost. but instead apologizing for getting it wrong, they threaten to fine him $37,000 a day. a terrible crime did they commit. trying to build a house on their own property. >> the county gave you permission to build. >> and they inspected the foundation and approved it. >> so you started to build. >> but a government owned drainage ditch was clogged. they asked the government to the fix. >> it they say we

. >> prosecutors have noticed, other prosecutors like eliot spitzer, richard blumenthal, want impressive conviction records. >> all these regulations, they will comb the books and find something. >> this could happen to you. they can take any law they think you broke and take you to trial. whether you win or lose you are going to lose because by the time you are done fighting you are broke. >> the government never goes broke. >> they must spent million dollars. >> i heard they spent five million. >> how much money does it take? >> i've had clients that spent $10 million. >> i cannot even imagine how much money they spent prosecuting my husband. >> the feds tried jill's husband jack and lost. but instead apologizing for getting it wrong, they threaten to fine him $37,000 a day. a terrible crime did they commit. trying to build a house on their own property. >> the county gave you permission to build. >> and they inspected the foundation and approved it. >> so you started to build. >> but a government owned drainage ditch was clogged. they asked the government to the fix. >> it they say we

. >> prosecutors have noticed, other prosecutors like eliot spitzer, richard blumenthal, want impressive conviction records. >> all these regulations, they will comb the books and find something. >> this could happen to you. they can take any law they think you broke and take you to trial. whether you win or lose you are going to lose because by the time you are done fighting you are broke. >> the government never goes broke. >> they must spent million dollars. >> i heard they spent five million. >> how much money does it take? >> i've had clients that spent $10 million. >> i cannot even imagine how much money they spent prosecuting my husband. >> the feds tried jill's husband jack and lost. but instead apologizing for getting it wrong, they threaten to fine him $37,000 a day. a terrible crime did they commit. trying to build a house on their own property. >> the county gave you permission to build. >> and they inspected the foundation and approved it. >> so you started to build. >> but a government owned drainage ditch was clogged. they asked the government to the fix. >> it they say we

i suggest they took a look at eliot spitzer's appearance on your show when he was asked, do you regret just going after the fines instead of prosecuting more fully. he said, yes. >> why is that a meanful statement for you? >> we need to prosecute people. we need to have people held accountable. this is just a next time it's $50 billion. but it's not solving any problems. >> how can you pay things off that you have never investigated? and why would you not investigate a known? we have done the dipstick test. do these mortgage bonds comply with the representations and warrantees necessary to comply to in order to transfer that to the government? we know that they don't comply. we refuse to investigate it. yet we're paying out money for something we have never invested. >> it's basically america's housing market needs open heart surgery. we need to save the patient. but we just gave the patient a baby aspirin. this is embarrassing. frankly, if my attorney general in virginia were up for reelection this fall, i would vote against him. but instead, he's over at cpac giving a speech right no

eastern, former state attorney eliot spitzer talk about federal government could -- prosecutions in theake of the two dozen a branch of crisis. at c-span2 on at 9:00 eastern, we are live in d.c. at the closing session of the national governors' association clockmee. on c-span3 tonight at 7:30, live coverage for a rally for rick santorum. he will be in michigan. in just one moment, the "washington journal." the former senator has been in town this week in participating in the meetings which wrap up today. at 8:00 eastern, we will speak with kenneth goldstein about the latest technologies in customized political advertising and the collection of a voter inrm

eliot spitzer preceded me. the potential agreement you are talking about, there was not one when i was in office. i will say that as the attorney- general since that time, knowing what they have done, particularly the role that new york plays because of the martin act, new york has been an important player in looking at states enforcing consumer rights and, in some instances, over the same banks. by and large much of the oversight is done by the federal government. whether it is by the fcc or the department of justice. banks lobbied to be pre-empted from state regulations. they have friends in congress that have allowed them to escape the regulation that might have slowed, slowing down the fallout we might have seen. we started to see foreclosure rescue schemes in 2006 and 2007. we said that when you smell something that might fail, a financial product that you will make a fee on, that is unfair, that is the basis of our proceeding and in going after it in that way, we do not regulate things, but we see the pro

eliot spitzer talks about whether to prosecute mortgage banks for mortgage fraud. >> i/o is he to bring up occupy wall street, but they had a sign down there -- i always hate to bring up occupy wall street but they had a sign down there that made sense. we know that corporations are people when texas executes one. [laughter] the problem we have right now is that we have given corporations all of the upside, but none of the downside. we have given them the rights and privileges that we extend to individuals. yet when it comes to holding them accountable, because of the diffusion of responsibility, because of the layers and buffers built-in by lawyers accountants, investment bankers all of them do their job in good faith coming it is difficult to ascribe criminal intent. just as in the financial side we say that you keep the downside and we will guarantee you too big to fill on the downside. in the criminal context, we say you do bad things and we have no way of holding responsible. >> see his remarks as part of our wall street lineup. -- part of our presidents day lineup. it begins at 8:

. >> tonight on c-span, eliot spitzer joins the debate about whether to prosecute wall street banks ore fraud. >> they had a sign on wall street that was very accurate. we would know that corporations were people when texas executes one. [laughter] the problem that we have right now is that we have given corporations all of the upside, but none of the downside. we have given them the rights and privileges that we extend to individuals, but when it comes to holding them accountable because of the diffusion of responsibility the layers and buffers built in, all doing their job in good faith, it is difficult to ascribe criminal intent. justice on the financial side, we said that we will guarantee a big sale of the downside. in the criminal context we do not have a way of holding you responsible. guest: -- >> c. the remarks as part of the president's day lineup. also, -- >> c. the remarks as part of the president's day lineup -- see the remarks as part of our presidents to a lineup. >> today, joined american history television for 24 hours of american first ladies. >> i think that, like ev

short time now and then we will look at campaign at 2012. >> this president's day on c- span, eliot spitzeroining in on the debate on mortgage fraud. >> welle must take to bring up occupy wall street but they have a sign that was very accurate. we say we know when corporations are people when texas is to execute them. the problem is we have given corporations all the upside but none of the down. when it comes to holding them accountable, because of the diffusion of responsibility, because of the buffers and layers built in of lawyers and investment bankers it's a very hard to describe criminal intent. we keep the upside and we will guarantee you too big to fail on the downside. on the criminal side we say, if you do bad things we have no way of holding a responsible. >> watch the remarks in part of our prime time lineup and the mission of the killing of osama bin laden. and the egyptian revolution on facebook beginning at 8:00 p.m. eastern on c-span. >> have always believed the internet can help change the world. i know it sounds very cliche or will not make sense to a lot of people but tha

. >> this president's day on c- span former new york governor eliot spitzer joins a debate about whether to prosecute banks for wall street fraud. >> i almost hate to bring up occupy wall street but they had a sign down there that was actually very accurate. it said we will know corporations who are different from people when texas executes one. the problem we have right now is that we have given corporations all of the upside but none of the down side. we have given them all of the rights and privileges that we extend to individuals, and yet when it comes to holding them accountable, because of the diffusion of responsibility, because of the layers and buffers build and by lawyers and investment bankers all doing their job in good faith it is very typical to ascribe criminal intent so just as on the financial side we say "you guarantee us the up side, and we will guarantee you are not too >> see his remarks as part of our lineup. it includes former navy seal chuck fairer on the mission there resulted in the killing of osama bin laden. it all begins monday at 8:00 p.m. eastern on c-span.

eliot spitzer joins the debate on whether to prosecute wall street banks for mortgage fraud. >> you almostwall street, but there was a sign down there that was actually accurate. it said, we will know corporations are people when texas executes one. [laughter] the problem we have right now is we have given corporations all the upside but none of the downside. we have given them all of the rights and privileges that we extend to individuals but when it comes to holding them accountable, because of the diffusion of responsibility, the layers and bovvers built-in by lawyers, accountants investment bankers, all in good faith, it is difficult to ascribe criminal intent. so justice on the financial side, you keep the upside, we guarantee you too big to fail on the downside. in the criminal context, you do bad things, we do not have a way of holding you responsible. >> see his remarks as part of our prime-time lineup. wael ghonim, whose facebook page is widely believed to have inspired the egyptian revolution. >> president and the presidency have featured prominently in c- span programming throug

on my left, eliot spencer -- elliott spitzer former governor of new york. he has been called the sheriff of to wall street. groundbreaking prosecution'ss. sitting to my right since 2009, he is about to be the longest serving as assistant attorney general in charge of the criminal division in modern history, where he oversees attorneys. beyond that, and i do not really recall previous attorney general'ss. he has become the go to drive. good our spokesman today, i think it is a real credit having him here. to my extreme left we have mary jo white where she seems to represent just about every institution that has anything to do with the financial crisis cases out there but far more importantly from my own perspective, and for nearly nine years, she was the attorney for the district of new york, where she had an unprecedented run in that position, only making one significant mistake, and that was hiring me and giving me the only job i ever wanted and never would have needed a. i am heavily conflicted with everyone on this panel since i owe all of them something

. >> tonight eliot spitzer joins the debate about whether to prosecute banks for mortgage fraud. >> i almost hate to bring up occupy wall street but they had a sign that was very accurate. they said we will no corporations are people when the texas execute once. [laughter] the problem is that we have given corporations of the upside with none of the downside. we have given them rights and privileges we extent to individuals and yet when it comes to holding them accountable, becomes of the ways offers are built in, 00-- buffers are built-in we said you keep the upside and we will guarantee you are too big to fail. we say you do bad things, we do not have a way of holding you responsible. >> see his remarks as part of our presidents day lineup. it also includes a former navy seal on the mission that resulted in the cape -- killing of a osama bin laden. it all starts tonight at 8:00 eastern on c-span. >> and joined american history tv for 24 hours of america's first ladies including an interview with eleanor roosevelt. >> i think, like everything else, we started out expecting the united

several plans have landed in court. >> tonight eliot spitzer join the debate about whether to prosecute >> you almost hate to break up occupy wall street, but they had a sign out there that was actually very accurate. it said we will know corporations are people when texas executes one. [laughter] the problem we have right now is we have given corporations all the upsides but none of the downside. they have gotten all the rights and privileges we extend to individuals and yet when it comes to allowing them accountable, because of the diffusion of responsibility and the layers that buffers built in by lawyers accountants and investment bankers, all doing their job good faith, it's difficult to describe criminal intent. just as in the financial side, we said you keep the up side and we guarantee to big to fail, and the criminal context, we say you do bad things, we don't have a way of holding irresponsible. >> see that as part of the present day lineup. it also includes a former navy seal and the mission that killed us of a lot. that all starts tonight at 8:00 eastern on c-span. >> good p

on whether to prosecute wall street banks for mortgage fraud with the former new york governor eliot spitzernd assistant attorney general lanny brewer. that begins monday at 8:00 p.m. eastern on c-span. >> join american history tv on monday for 24 hours of america's first lady's including an interview with eleanor roosevelt at 4: 40 5:00 p.m. eastern. [video clip] >> like everything else, i think we started out expecting that the united nations would solve every difficulty just by being the united nations. >>tour the white house private quarters with laura bush at 5:00 and lady bird johnson at 8:00 and nancy reagan reminisces about her husband and the only first lady to run for president now secretary of state, hillary clinton at her final campaign rally in 2008. american history tv monday, president's day, on c-span 3. >> "washington journal" continues -- host: kinm dixon is the tax policy expert for reuters. there's a theme of the release of the budget this of the clinic and to tax policy. guest: the message is economic spareness and that is the message the president at the last couple of

that's big voice, i think it was aaron burnett, david, david, i have to interrupt, eliot spitzer hasgned. >> the other name is familiar, aaron -- maybe not. former bear stearns ceo allen schwartz will be with us, executive chairman from gugenheim. up next, the dow is now alive and well. how much room is there to run? >>> now you can follow "squawk" on twitter. becky's handle, beckyquick@cnbc. show updates, breaking news and guest info, share your thoughts and submit questions. importan they refill all my prescriptions. call now to receive a diabetic cookbook free. call to receive your free meter and find out why 230,000 u.s. doctors and over a million people with diabetes trust liberty medical. liberty, we deliver better health. call now. call liberty medical at the number on your screen. >>> as you know, by now, the dow and s&p both closing at the best levels since 2008. the futures are indicating a little bit higher. consolidating some of yesterday's gains, we finally got above 13,000. tracking the markets, jim paulson, chief investment strategist at wells capital management. in th

debate on whether to prosecute wall street banks for mortgage fraud with former new york governor eliot spitzer and assistant attorney general brewer. it all begins monday at 8:00 p.m. eastern on c-span. >> the director of national intelligence testified before the senate armed services committee on thursday on national security threats. he told the committee he believed that al qaeda in iraq is extending its reach into syria. army lieutenant general director ronald burgess testified alongside james clapper. carl levin of michigan chairs the committee. >> good morning, everybody. let me start by welcoming our witnesses. we are glad to have the director of national intelligence james clapper, and cia director, general ron burgess, as our witnesses. we thank you both for your long and continued service to our nation on behalf of our troops to whom we owe so much. this commission has a special responsibility to the men and women of our armed forces to be vigilant about intelligence programs because the safety of our troops, decisions on whether or not to use military force, and the planning for mi