enron was the first.on really -- to john's point the onslaught of government investigations and scrutiny was unique. i don't think the wall street firms or financial houses have that same scrutiny. i think the government was willing to step in and bail them out. and again, jeff skilling is the one in the jail cell. >> do you have a comment on that, john? >> i agree. jeff stalin is -- and will be for 24 years and four months. he still has his appeal going. though it is getting grimmer and grimmer as far as chances of getting out. he is not due for release's and the court decision for 10 or 15 years may be. this coming december he will be in five years. >> and andy fastow? >> andy fastow is -- he got very lucky. he cut a deal with the government to cooperate after waiting a while -- long enough to get indicted and put in prison for a year. he cut a deal and took ten year prison sentence that was supposedly not reducible. jenne judge felt sorry for him, felt he had been badly treated. so he gave him six year

, enron did it. >> you name it, a despicable practice that a company bankrupt funded by the governmente out boneses. >> there is a difference though. those companies were reorganizing, they were going to be around. solyndra, solyndra, might keep them because these are the guys in the hazmat chemical suits that fit. they fit these guys perfectly. so don't leave. >> neil: we're out of 44 long. >> in the liquidation days or-- >> trying to sell. >> it's nothing, the technology, bad technology. >> you have a problem with it, dagen. >> i'm not going to be hypocritical as talked about the first segment. i didn't have a problem with the aig bonuses you've got to pay to keep people. i don't like bailouts. i don't like handouts from the government, but i don't want any more government intervention and you have people there, this has to be, these bonuses have to be approved by the bankruptcy trustee. the bonuses team very big, but if you're trying to make something, i mean, they're basically trying to make a something out of a cow patty. >> neil: and the bonuses up to 50,000, what some of the aig

charge of the clacks action is a very reputable law firm who has successfully gone after at&t and enrond recovered money. they saying this past summer when the stock was at $300 a share the insiders, the c.e.o., the coo, they knew what was coming, and they were going to split up and do the online service and become two separate things and change names and they didn't tell anyone, they lied and they sold 190,000 shares. the c.e.o. told 1930,000 shares to the tune of $43 million. and now the stock is at $100 and there is allegations that they want the stock to go slow so they can buy it back and raise it up again. so, this is going to be interesting and the shareholders and investors have a legitimate leg to stand on. >>randy: now evidence to support that opposed to the conclusions? talk about what securities fraud is. you lie. or you conceal something. you don't say something that is important to an investor in making a decision of whether to get involved with your security. as far as the sales go, we don't know whether or not those were set long ago, long before any discussions took pla

. >> well, it was not enron, but, enter one, but like enron, it is imploding and like solyndra taking taxpayer tass money -- taxpayer money down bit. >> i will not walk away from the promise of clean energy. >> we have to think about the future not look at the past. invest in solar and wind and biofuels. >> government support is critical in getting new ideas off the ground. >> the president needs to "wick -- wake up." when president obama or biden show up and loan money to an energy plant, that company is bankrupt. >> kiss of death. and 80 percent of the department of energy loans $80 billion, went to donors of obama and 11 more companies totaling $6.5 billion are on the verge of bankruptcy similar to what we find with ender one. what obama is doing is trying to force, classic government, the more the plans fail, the more the planners fail. the fact that solar is only 1 percent of electricity does not stop them from putting money in, this latest, it makes the battery for the volt, another example of them trying to "juice" the market with their ideology but it is failing. >> part of th

if we are talking regulation of the american economy and enron -- [snoring sound] >> host: tony, you are on with ann coulter. >> caller: you are talking about liberals turning everything into victims. one of the things would be when we watch the hurricane katrina. all these people that were told to leave, and the levees broke and they're in trouble and want to complain nobody got their quick enough and also why it is caught up politics, why do they use it when you just got caught in a lie? and also why would msn b.c. continue to hire no talent people in their company when their ratings are terrible, they don't tell the truth, how long do you think that will keep a before comcast get smart? >> guest: i don't think they're going to smarten up. it is a fact to be commented on that in every other industry other than the information industry someone comes along and put out a great product and everyone else imitates it like steve jobs's iphone. you have the imitator i phones for the apple computer or oh so many things. you put out a good product and other people imitate it. fox news again

was the chicago business correspondent but i ended up spending a year in houston, texas, covering enron. >> rose: i know that about you. >> living out of a hotel and a service apartment and my colleague in houston was the beijing bureau and the shanghai bureau was open so he suggested that i apply for the shanghai bureau and i thought... you know i studied chinese history in college and i had a real interest in chinese film and in art and it's... it was already... the story was the business in china is growing fast so i said can i go and visit th shanghai bureau, i asked the editors. >> rose: before i accept this job. >> because i'm not sure i would want to leave the country and could i ve in china? my images of china in 2000 and 2002, 2003 when i was first considering this where it was... the images were from the 1970s, you know? that it would be difficult to live, you couldn't eat the food. all these ereotypes so i took the trip december, 2002 and immediately fell in love with shanghai and china. >> rose: what did you fall in love with? >> well, i think part of it may have also been t

if they do this for real, like a real enron style investigation you could have half the luminaries onreet doing prison time and i'm not even kidding. really, every single one of the major banks was involved in this sort of activity. they all made enormous profits from selling over evaluated mortgages to unsuspecting investors. >> sure, knowingly. >> and knowingly overriding their own due diligence people who said they're going to default. they covered up that information, dressed it up and sole them at triple a rated securities and made hundreds of billions of dollars and need to pay people back. >> back to the gist of your question. president obama promised that he -- campaigned on the public plan option and then he depend dropped it. he said we're never going to renew those tax cuts for the wealthiest americans and he did for another two years. has he turned a corner here and do you believe genuinely turned the corner and said now i'm going to fight for the 99? >> i believe he said it. i believe that they have gotten the political message that that is what people want. the question

is a thousand percent where do they get nineteen billion they engage in massive off balance sheet enron like special purpose entities fraud they create this debt. simultaneously creating an off balance sheet entity that they hope at some point will be made good when the economy resign or resume is growing well this is basically the model of the arson who's selling the charcoal of the buildings after he burns them down essentially the u.k. doesn't have as money then they cook it up on a completely in the shadow banking system the multi hundred trillion dollar derivatives markets can be expanded by another one hundred trillion dollars and that is financial repression financial old pression see and that's putting the bill if you have any capital you're treated like dirt in this economy if you're a welfare state queen like wall street in the city of london the rule of the red carpet but while there are distracting you with these so-called technical measures like increasing credit facilities up to a trillion dollars that they don't have in the meantime they're not only abandoning ship but th

cars that nobody could afford to operate or yes the hollywood accounting as it's call is the original enron style accounting they book any incremental profits in the short term and then they amortize losses for infinity the executives pay themselves on this cookbook mentality and now you see it running rampant throughout the entire economy the banks on wall street for example they book all their short term profits they dump the losses into the public domain so this is now being carried back and forth then the insider trading between hollywood washington and wall street exchanging information then there's another lobbying group the creative coalition nice to be on the board of that organization and now the people are beginning to realize that hollywood is the enemy we need to kill hollywood. and part of that is that they don't want ideas to flourish because this global cartel system that we see the oligarchies that controls everything they realized in the last year since mubarak was toppled that ideas are so much more powerful than even one of the most heavily controlled economies in the wor

derivatives that ken lay and phil gramm helped invent back when phil graham's wife wendy was on the board of enron and caused this crisis in the first place the commodity futures modernization act that led to all these derivatives weird sadik financial instruments that crashed the system no more fine print no more huge overdraft fees to bitch do we have a deal. unfortunately it doesn't work that way in the united states of america because corporations which aren't just people but are super people have far too much power they have the power to silence us and avoid punishment for their crimes you know all the time you hear republicans in the tea party and libertarians say do you really want the government telling us what we can say you are the government telling us what we can do or what we can buy but never is the other half of that question asked which is do you really want transnational corporations like bank of america to be so big that they can tell us what we can say and do i know i'd much rather have government telling me what i can do because at least then i have a say i have a vote and i ca

because they've been involved in all these scandals as well going back to arthur andersen and the enron scandal. now there are less accountants and they're equally corrupt as the investment bankers and tony blair who did trade blood for oil and he traded a lot of blood for oil and a lot of money that is pocket the guy swimming in blood he should be in the hay he should be facing war crimes and one of these companies is actually registered with the f.s.a. in and able to give investment advice so why wonder mag's what his investment advice is invade an oil rich country invaded oil rich country and mid flatulence collateralized bonds like this within libya i mean moammar gadhafi ended up really you know a term as whatever he was over there dictator eventually having to be succumbing to tony blair who came in there and stole all the money goldman sachs and who ended up you know in an uncompromising position on the floor of their dead due to the ability of one side to float city collateralize paper over the go with the actual oil that that matched that of the guy with the oil center won that

as the rain enron considers banning oil sales to europe preemptively eve's decision to stop importing oil from the country in july but as war rhetoric against tehran as glades in the west ordinary americans voice their opposition to any possible military confrontation. now peter the valid use cross talk gas debate what's in store for the new libya that's next. please. live. live. in. low and welcome the crosstalk i'm teetotal about libya intervention like in the specter of civil war libya's transition away from the khadafi regime is proving far more problematic than nato planners had ever anticipated central civilian control is an illusion and tribal loyalty is strong it would appear it is a lot easier to take down a regime than to establish a new order. to take you. live. to cross not libya i'm joined by dr venter while in hanover he is an associate professor of government at dartmouth college in paris we cross to the end of jonestown she is an independent political commentator and author of fool's crusade yugoslavia nato and western delusions and in london we have nick mayo he is a