enron paid out this much bonuses before they went bankrupt. the point is if you can't get a bonus at the irs because they are having trouble there and we will get low quality workers. to solve the efficiency problem, we need higher salaries. that's how you run it like the private sector, and that's how it's efficient and it works. >> but don't do it on april 15th, joe. i am just saying. >> jonas is never going to get oug audited by the irs. >>> teachers warning of a tech wreck on our kids. the tablets could be hurting their future, so why does somebody here disagree. >>> more kids are picking up the tablet or smartphone instead of building blocks. now, a uk-based teachers association warning the tech addiction is hurting motor skills, and you say it's a good thing? >> yeah, that's ridiculous. they can't build blocks, oh, my god. i spent my high school and college days learning how to soup up a four barrel carburetor, and now they are fuel injected. talk about a wasted hobby. >> so you didn't become a karma c -- car mechanic, but you are accomp

. >> your obviously familiar with enron the firm that used to be called arthur andersen. is that something you would say most cpas or accounting firms are familiar with that situation? >> yes. >> would you happen -- say what happened to arthur andersen was no longer exist because of the enron scandal is that something that in general disciplines the accounting profession? >> absolutely. and reflection upon this offense it has been in terms of my profession that was a considerable change following that activity. >> can you talk a little bit about tax avoidance versus tax evasion? >> sure. i think the earlier panel described that accurately and correctly that tax evasion is illegal and tax avoidance is appropriate in terms of managing the overall costs associated with your business. as long as it's done within the rules and regulations as provided by the tax authorities. >> so in light of obviously what happened with arthur andersen and enron scandal you are preparing these types of documents and now they are being a congressional senate hearing here. with these concern you

enron paid out this much bonuses before they went bankrupt.nt is if you can't get a bonus at the irs because they are having trouble there and we will get low quality workers. to solve the efficiency problem, we need higher salaries. that's how you run it like the private sector, and that's how it's efficient and it works. >> but don't do it on april 15th, joe. i am just saying. >> jonas is never going to get oug audited by the irs. >>> teachers warning of a tech wreck on our kids. the tablets could be hurting their future, so why does somebody here disagree. ♪ [ male announcer ] when fixed income experts... ♪ ...work with equity experts... ♪ ...who work with regional experts... ♪ ...who work with portfolio management experts, that's when expertise happens. mfs. because there is no expertise without collaboration. >>> coming up, a new study saying the study on tablets could be tapping out a kids' ability. so w >>> more kids are picking up the tablet or smartphone instead of building blocks. now, a uk-based teachers association warning the tech

ithe club maintains the right to dissociate itself with corporate entities, a great example is enron. but that is not with the players. the commissioner said as a nba family. this is a refrain adopted by the league. when you have this notion of a family, it really does blur the lines between what is purely legal in business and what is customary and the type of practice encouraged informally. that's the piece that i think will put the nba in position of putting their money where their mouth is, either they're family where you respect the rights of the each person within that unit, or you're a business. they really have tried to blur that a little bit . >> we're going to take a short break. when we come back we'll delve further into that very question versus what's legal and what's customary. what you can do and what you should do in the business from >> you're watching "inside story." i'm ray suarez. on this edition of the program we've been talking about the fallout from remarks allegedly made by los angeles clippers' owner donald sterling. some big corporate sponsors have begun to d

. >> yeah in the case of enron they may have shredded two tons of documents. >> jon: but it happens it'smessage to the kid with the joint in the pocket it says to him, go big or go home. stick around for a little bit. the divide is on the bookshelves now. we'll have more with matt taibbi right after this on the internet, i think. [ male announcer ] welcome to no man's land. it's a place you've been before, but it's not on any map. so go out there, lose yourself, and find the truth. ♪ we're all born wild. ♪ let's keep it that way. the 2014 4runner. toyota. let's go places. the 2014 4runner. rich, chewy caramel rolled up in smooth milk chocolate. all aboard. rolo. get your smooth on. right now you can build your own. girl: sweet! make mine with the seven-grain bread with strawberries -- oh, no, wait, bananas. ooh, and glazed pecans! whoa, i get to choose my own sauces? better hurry, beautiful, it's not going to be around for that long. [ding] welcome to denny's. >> jon: that's our show, everybody. join us tomorrow night at 11:00. before we go. not that everyone was watching but seriously u

adelphia ,enron, arthur andersen -- all of these companies were swept up by the bush justice departmentis interesting about this, you can see a progression. if you go back to the savings and loan crisis in the late 1980's, which was an enormous fraud problem but paled in comparison to the subprime mortgage crisis. we put about 800 people in jail in the aftermath of that crisis. fast forward 10 or 15 years to the scandals like enron and tyco, we went after the heads of some of those companies. it was not as vigorous as the snl, but at least we did it. at least george bush recognized the symbolic importance of showing americans that justice is blind. fast forward again to the next big crisis, and how many people have weak put in jail -- have we actually put in jail? zero. and this is a crisis that was .uch future in scope it wiped out 40% of the world's wealth and nobody would to jail. we are now in a place where we don't even recognize the importance of keeping up appearances when it comes to making things look evil -- equal. >> in the story with patrick. saxophonist named patrick ocean

. >> yeah in the case of enron they may have shredded two tons of documents. >> jon: but it happens it'sge to the kid with the joint in the pocket it says to him, go big or go home. stick around for a little bit. the divide is on the bookshelves now. we'll have more with matt taibbi right after this on the we'll have more with matt taibbi right after this on the internet, i think. to help pay for her kids' ice time, -before earning 1% cash back... -guys! -everywhere, every time... -close the front door! and 2% back at the grocery store, even before she got 3% back on gas with no hoops to jump through, katie used her bankamericard cash rewards credit card to stay warm and toasty during the heat of competition. that's the comfort of rewarding connections. apply online or at a bank of america near you. bigger than a giant el camino on monster tires. and bolder than taking that behemoth and breaking the world bus-jumping record by 2 1/2 buses. [ screaming ] [ screaming ] [ male announcer ] and they're crunchy. [ engine revs ] crunchier than driving through a fine china shop that sells profes

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. >> yeah in the case of enron they may have shredded two tons of documents. >> jon: but it happens it's message to the kid with the joint in the pocket it says to him, go big or go home. stick around for a little bit. the divide is on the bookshelves now. we'll have more with matt taibbi right after this on the we'll have more with matt taibbi right after this on the internet, i think. i like it. must see. i found a great new listing. little busy here. i love this neighborhood. nice. uh huh. it's the agent. they accepted. shut up! [ laughs ] they accepted...owww. [ male announcer ] that moment when it all comes together. that's your moment of trulia. that's your moment of trulia. yo,move fast fruit flavor,fe, watermelon, blue razz green apple. your taste buds dancing. it's the jolly rancher, we make it happen. untamed fruit flavor. jolly rancher. oh, hi there bill. hey! are you in town for another meeting? yup, i brought my a-team. make the most of the weekend before it's gone. this is my family. this is joe. hi joe! hi there! be a weekender and book your stay at hampton. feel the hampt

the enrons and tycos and all this stuff. they don't be gettin' no time.et in on this being white thing. [laughter]

enron paid out this much bonuses before they went bankrupt. is if you can't get a bonus at the irs because they are having trouble there and we will get low quality workers. to solve the efficiency problem, we need higher salaries. that's how you run it like the private sector, and that's how it's efficient and it works. >> but don't do it on april 15th, joe. i am just saying. >> jonas is never going to get oug audited by the irs. >>> teachers warning of a tech wreck on our kids. the tablets could be hurting their future, so why does somebody here disagree. i'm m-a-r-y and i have copd. i'm j-e-f-f and i have copd. i'm l-i-s-a and i have copd, but i don't want my breathing problems to get in the way of hosting my book club. that's why i asked my doctor about b-r-e-o. once-daily breo ellipta helps increase airflow from the lungs for a full 24 hours. and breo helps reduce symptom flare-ups that last several days and require oral steroids, antibiotics, or hospital stay. breo is not for asthma. breo contains a type of medicine that increases risk o

. >> yeah in the case of enron they may have shredded two tons of documents. >> jon: but it happens it'spocket it says to him, go big or go home. stick around for a little bit. the divide is on the bookshelves now. we'll have more with matt taibbi right after this on the we'll have more with matt taibbi right after this on the internet, i think. cars are driven by people. we'll have more with matt taibbi right it's what's written internon our walls. people are where we always begin. they're in everything we design. they're why we innovate. they are who we protect. they are why we make life less complicated. it's about people. we are volvo of sweden. alright, that should just about do it. excuse me, what are you doing? uh, well we are fine tuning these small cells that improve coverage, capacity and quality of the network. it means you'll be able t post from the breakroom. great! did it hurt? when you fell from heaven (awkward laugh) ...a little.. (laughs) im sorry, i have to go. at&t is building you a better network. coors light answers. when cold refreshment calls... frost brewed coors

those were the two biggest causes of the savings and loan debacle and the two biggest causes of the enroncandal. >> reporter: but have we finally learned our less son? >> we do seem to have learned some of those lessons. the big question is now whether we'll unlearn them. >>> i'm joined now by a man who has disagreed with some of what regulators have done in the wake of the financial crisis, he wrote the book "guardians of prosperity, why america needs big banks." he joins me now from florida. dick, let's not worry about deregulation from then, but are we safer now? >> no, i don't think we are. i think the banks are safer, but the financial system is at much greater risk. we have now so overregulated the banking industry. that loans are going to, if you will, the shadow banking market. in other words we have created business development corporations, master limited partnerships, we have reits, all of which are unregulated and they are picking up market share dramatically from the banks. >> we know that mortgage originations are at a 17-year low. they are not going into some shadow banking

those were the two biggest causes of the savings and loan debacle and the two biggest causes of the enronndal. >> reporter: but have we finally learned our less son? >> we do seem to have learned some of those lessons. the big question is now whether we'll unlearn them. >>> i'm joined now by a man who has disagreed with some of what regulators have done in the wake of the financial crisis, he wrote the book "guardians of prosperity, why america needs big banks." he joins me now from florida. dick, let's not worry about deregulation from then, but are we safer now? >> no, i don't think we are. i think the banks are safer, but the financial system is at much greater risk. we have now so overregulated the banking industry. that loans are going to, if you will, the shadow banking market. in other words we have created business development corporations, master limited partnerships, we have reits, all of which are unregulated and they are picking up market share dramatically from the banks. >> we know that mortgage originations are at a 17-year low. they are not going into some shadow banking i

. >> yeah in the case of enron they may have shredded two tons of documents. >> jon: but it happens it'sthe kid with the joint in the pocket it says to him, go big or go home. stick around for a little bit. the divide is on the bookshelves now. we'll have more with matt taibbi right after this on the internet, i think. (vo) you are a business pro. maestro of project management. baron of the build-out. you need a permit... to be this awesome. and you...rent from national. because only national lets you choose any car in the aisle... and go. and only national is ranked highest in car rental customer satisfaction by j.d. power. (aaron) purrrfect. (vo) meee-ow, business pro. meee-ow. go national. go like a pro. there was a boy who traveled to a faraway place where castles were houses and valiant knights stood watch for the kingdom was vast and monsters lurked in the deep and the good queen showed the boy it could all be real avo: all of great britain, all in one place book on expedia before april 30th and save up to thirty percent. and then take everything out ofn the truck and out of the bo

. >> your obviously familiar with enron the firm that used to be called arthur andersen. is that something you would say most cpas or accounting firms are familiar with that situation? >> yes. >> would you happen -- say what happened to arthur andersen was no longer exist because of the enron scandal is that something that in general disciplines the accounting profession? >> absolutely. and reflection upon this offense it has been in terms of my profession that was a considerable change following that activity. >> can you talk a little bit about tax avoidance versus tax evasion? >> sure. i think the earlier panel described that accurately and correctly that tax evasion is illegal and tax avoidance is appropriate in terms of managing the overall costs associated with your business. as long as it's done within the rules and regulations as provided by the tax authorities. >> so in light of obviously what happened with arthur andersen and enron scandal you are preparing these types of documents and now they are being a congressional senate hearing here. with these concern you

farmers as pro-basketball star scottie pippen, david rockefeller, major league pitcher kevin appier, and enronindividuals received as much as 160 times what the average farmer can receive in farm subsidies. clearly, it is the rich and famous who are at the federal trough. if what you are trying to do is create an abundant, safe, high-quality food supply, you have to provide the subsidies to the people who produce them. and that, of course, is the large-scale producer. schoumacher: on may 14, 2002, president bush signed a farm subsidy bill estimated to cost $190 billion over 10 years. this rekindled a national debate. who benefits from farm subsidies and do farmers really need such support? but when farm subsidies began in the 1930s, there was little need for debate. until 1933, the united states government maintained a laissez-faire attitude toward agriculture. then, as the great depression brought new desperation to farmers, people wondered, wasn't there anything the government could do to help? the question was first answered with franklin roosevelt's new deal. fdr acted quickly. never befor

okc with enron after the reset the conduct of his team back in front with a lot of use in the home side makes a run in the third quarter kevin directive is not known the joker in the fantasy and twenty eight that extend his streak of scoring twenty five reported thirty nine the thunder was out of the league in the studio. and then getting out in transition to rest and finish on the other and the way is a double gave the oklahoma city faithful love of what they're seeing. this person try to make a late comeback and while leonard to get the definite don't need all the way up to ten point game with two minutes to go to okc to isolate last for a lot of raking is well below the continuation of twenty seven for him. this was one of six ninety four they stopped at antonio's nineteen eighty three. what it does to the nba standings or less ok seed pulled within three aw seven toll for top spot with eight games to go spot three three six occupied by the clippers used in portland in golden state will douse them with in phoenix are slugging it out for the final two postseason places. audi says miam

there were escalations around the enron sanctions.is hard to know what putin may or may not do, in terms of moving toward more of a eurasian approach toward his influence. i would say it is worse for russia than it is for the e u, if things escalate. russia is already in a recession, less than one percent growth this year. we would not 11% off the economy if the eu stopped buying energy from russia. that would be terrible for russia. >> the stock market fell off three weeks ago, what investors are pretty happy with the way things are being handled. >> short-term, a lot of uncertainty. longer-term, the valuations are pretty compelling. you can get a pretty good dividend yell -- dividend yield. even if you think rational forces will prevail, it is not necessarily a rational thing. >> there is a sense this problem can be managed, if we all focus on making sure the ukraine does not become a failed state. the more we do to help the ukraine stabilize, politically and economically, the more we have two avoid the scenarios that would be again

enron, arthur anderson, even the george bush administration recognized the symbolic necessity of going after the heads of these companies, because people need to feel that justice is blind. fast forward again to the next round of scandals, and there are no prosecutions. >> good evening. we have important new documents in the george washington bridge scandal, and that's coming up shortly, but we're going to begin in nevada on 600,000 acres of grazing land just west of mesquite. it's where lifelong rancher cliven bundy has been raising his cattle for years on what is federal land. he's been doing that without paying the necessary fees. in 1998, a judge ordered bundy to remove his hooved trespassers, and now after nearly two decades, multiple court orders and no cooperation frun

the accounting company, the government filed a single felony count against them for the role in the enron scandal. company went under. 27,000 jobs were lost and after that it sort of became a political given that charging companies of this size and of that importance with something you should only do in very very extreme circumstances and you should always seek some other form of recourse if you can. >> what mark would you give "the new york times" or "washington journal" for their coverage of this same story? >> "the new york times" has done great stuff. they've been on top of this story from the beginning. i think there is a growing awareness in the main stream media that this is a serious problem. and it's something i talk about with other reporters from other organizations. you are starting to see more coverage of this. last year front line did a documentary on this and that resulted in senators calling for more action. but when jamie diamond got the raise, that broke the camel's back for a lot of reporters. they can see the rational for not yanking their bank charters, like hsbc they

on the outside you have a enron paint it wouldn't be rusted or have any signs of extended wear other than along the edges, for example. and the third thing you'd be looking at, is it aluminum or steel? that's very easy to tell. use a magnet. if the magnet sticks, it's not probably part of the airplane. if a magnet doesn't stick, it's aluminum, you do more investigative tests to see what it was at that point. >> rob, let's talk about where this object was found. looking at the location of where it ended up washing ashore and where the pings were detected, does the geography even work? >> you know, this late stage, jake, almost anything can work for the debris, which has been, you know, swirled around in eddies and through tropical cyclones. whatever debris there was will be scattered far and wide. and this is a message to anybody that's living on a coastline around the indian ocean, that your beach combing could yield a very important clue. >> that means you think there is likely going to be debris. i've heard some people say if there hasn't been debris that's shown for now, you disag

problem is that throughout the last couple of decades there has always been something going on, with enron, we can't trust the balance sheets, right? in 2008, we can't these complex instruments. now we've got these high frequency traders. the people on wall street are always looking for that edge. they're always looking to be on the edge of the envelope of legality to make money. and regulators are trying to catch up with them. gerri: i got to tell you, david. they would not say that we're not looking to be on edge of legality. we're trying to do business. we're trying to make as much money as we can. we're public companies and that's what our hock tolders want to see us do. >> i think that's true. i said on edge of legality, many people they are legal what they're doing. like when you have a tax lawyer and you want to avoid as much tax. that is not illegal. if they're smart and find a way for you to avoid tax. but evading tax -- gerri: there is gray area. there is certain point where you walk across the line. before you go i want to read this charles schwab comment. he has been outspoken.

enron, arthur anderson, even the george bush administration recognized the symbolic necessity of going after the heads of these companies, because people need to feel that justice is blind. fast forward again to the next round of scandals, and there are no prosecutions. >> matt taibbi, thank you so much for your time. the rachel maddow show starts right now with steve kornacki in for rachel. >> good evening. thanks for that. rachel has the night off tonight. we have important new documents in the george washington bridge scandal, and that's coming up shortly, but we're going to begin in nevada on 600,000 acres of grazing land just west of mesquite. which is in southern nevada. it's where lifelong rancher cliven bundy has been grazing his cattle for years on what is federal land. he's been doing that without paying the necessary fees. in 1998, a judge ordered bundy to remove his hooved trespassers, and now after nearly two decades, multiple court orders and no cooperation from bundy, the government has stepped in and removed his cattle from the property, rounding them up and keeping the

an inmate a series of much stronger statements, but reagan would have probably treated enron like he did with solidarity in poland. he would have said, people of ron who want freedom, who want liberty, we're with you. we stand at your side. we support you. you've got the support of the united states. obama was saying things like that, certainly not at first. you don't have to aid the iranian street or the iranian freedom fighters, whether there would be, just as reagan didn't give missiles and tanks to the solidarity movement, but ask anybody from poland in the 1980's, when reagan was doing solidarity day, solidarity week, solidarity not to making these statements about we are with you , that was extremely powerful and invigorating. obama's to do that because reagan believed that america was it, american exceptional as an. reagan conveyed that message to those people. as he put it, the captive people behind the iron curtain and needed liberty and need to be proclaimed. >> thank-you. >> sure. >> good evening. i'm from westmont college in santa barbara. i want to ask you a question reg

no one remembers enron, i guess.d that a lot of retirement savers don't rebalance and they cash out of accounts when they leave the firm. that means they are paying steep penalties in taxes instead of rolling over the funds into another retirement vehicle. >> okay. how about some good newses ? what can we do to improve our 401ks out there? >> reporter: technology is a wonderful thing. and so we have the ability to complete simple asset allocation surveys online pretty much every plan has this on a website. the results will help you diversify among stocks, bonds, commodities and cash. remember, if your company stock isn't optioning your plan, try to limit your exposure to 5, maybe 10%. but 5 better. then enroll in automatic rebalancing. this can help take emotions out of the investment process. don't forget to choose index funds where you can because that will keep your costs down. might as well keep the money yourself. and, of course, please, beware of those preretirement withdrawals. i know the irs and lots of emplo

read child's reporting on the colossal failure of energy future holdings, a bankruptcy that even puts enronost people have not heard of these -- this company. >> i covered the stress so everyone and their mother has heard of it. in 2007 they took the company private. even then it was big. everyone was like wow, ok. it was about investments. natural gas limited. while natural gas was a major part of this, it probably would have been ok because the company had great hedges for a long time. the company has been buckling under this huge debt burden. >> what kind of numbers are read looking at here? >> warren buffett already kind of walked away and said that was a huge mistake and regrets it. sponsors are looking at one percent of the original equity investment. earlier in the fall when they had the initial negotiations for bankruptcy a were thinking maybe 15% and that is turning out not to be the case. >> is there any winners? >> it is really hard to say because it is so dependent on where you have bought. if you are in apollo tom of these people bought in to the unit and they want the keys to

it has been a while since we've been -- enron is the last time we've seen people going to jail for thisd i think you get a plea deal with money and nobody goes to jail. but maybe somebody deserves to go to jail. >> very messy. >> legally kind of confusing and a real confrontation and your hearts go out to the poor victims who died, no matter what. >> for a buck. >> arthel. >> interesting perspective. thank you so much. >>> well peace through understanding was the team of the 1964 worlds fair and 50 years later it still resonates. the ex poe showed cutting-edge american design and technology with 10s of millions of visitors and brian shows us live from flushing meadows in queens. they are celebrating two anniversaries, right, brian? >> reporter: hi, arthel. that is exactly right. the anniversary of the new york world fair and the 50th anniversary of the 1964 fair which happened right here behind me in flushing meadows, corona park. 51 million visitors came here in 1964, paid about $2 each to experience the best of america's imagination, including things like the microwave oven and the cl

it is linked to the company's stock, and because congress recently looked at this exact issue after enron and said, we want employees to have choices, but company stock can still be a choice and we actually encourage that -- >> well, the participants -- >> but you don't shut it down as soon as there's trouble. if a company -- >> why do you need a special rule for esop's? i mean, the factors that you mentioned, it seems to me, apply to any trustee who's managing. you say, oh, you should have sold because the stock was overvalued on the stock market. well, how is the trustee supposed to know that? >> it's -- >> is he going to outguess the market? >> right. absolutely. >> surely you don't demand that a prudent trustee outguess the market. ok? so if it's not the market that's overvalued, it must be inside knowledge -- >> inside -- >> that causes him to know. >> and i want to come -- >> and you have the same problem about not being able to use that inside knowledge. >> you can't use it. and let me come back to -- >> so why do we need a special rule for esop's i'm saying? all the points you mak

. $45 billion for operating companies -- not enron. too much debt and too little price.happened after 2007, energy prices came down and these guys were left holding the bag. >> in a bankruptcy like this, doesn't redound upon the original dealmakers -- kkr, goldman sachs, and tpg, or are others affected? >> it is a creditor's territory, which is what chapter 11 is. i think that the bonds are going to have to echo ties and banks will have to take some stretching out or amendments to their term. the company will go on but without the equity. >> if there is a lesson we learn from the crisis is there is always a solution -- gm. company is not broke, the financial structure. >> but you set the bond equity highs -- equitize. make suggest kkr additional money moving bonds to equity? do they take a loss? a all the echoing will take loss on equity. if any of the private equity firms choose to put more capital to work or somehow be an agent for change in the restructuring, they may make your money because they deserve to but they will lose the original investment. energy future hol

saw was this evolution of the credit derivatives market that also had a big role in the implosion of enronhe telecom companies and the things going on in the time right before left the industry. i also had personal reasons i came in to play, which was 9/11 and rethinking life and everything in general. there are was a lot of messiness accumulating that was going to get bad. one of the things i did when i left was right about what was going on on the inside. we did not know these terms. cottagea bit of a industry, but a profitable one. i thought it was important to inform people and a look at the structures of these banks, now goldman sachs is a bank holding company and then it wasn't. but how these banks operate within the national and international economy. >> you certainly nailed it in your book. >> nomi prins, our guest host for the hour. tom, i want to send it back to you in washington because you have news on twitter. >> news off the bloomberg terminal over at cantor fitzgerald, makes a big move on twitter. he has been very negative, correctly negative, on twitter. he goes from cell t

in have regulatory oversight the 1990's that resulted in enron and long-term capital transitions. you have mismanagement and glass-steagall. the bankingng of system and irresponsible housing loss at a congressional level. we saw what the results were. >> if the federal reserve makes rates too low, it means that the people who retire to not make as much money from their retirement savings. they have done what they were told to do, work hard all their lives and save money. you're supposed to be retired and living off your savings. the difference between a five percent or six percent interest rate and making an eight percent significant. they have kept rates too low for too long and created an that is negative. when they created the financial repression, when they lower the interest rates beyond what they would be naturally in an effort ,o get people to consume more -- whaty are doing is they need is the pension funds to be there and it is really not the money that people invest in pension funds that pays for retirement at the end of the day. it is returns on those funds over 30 year

cos at enron that magic johnson analyst can't imagine-and said he's never one to attend a clippers gamee was surrounded by china's music when he played f about black-and-white michael jordan says that he is a little disgusted and outraged by the comments and i am being a former player. president obama has also laid his opinion on the statement. second of california's mare and some former nba player kevin johnson said that the selling used does not represent an mba. i did it affect the team is an emotional thing for the clippers and the warriors it's emotional for the nba family. not to mention these comments were directed at magic johnson was a better player representative and the magic johnson. >> darya : what's gonna happen is that and then investigate and then take action they have the wide land ascension and they can do. this is going on the people in the industry say for yearsh in 2009 the clippers' owners settled a case that led to discriminated against african-americans. similar allegations were made in 03 and then last month said his wife filed a lawsuit against the mistress ter

more trashes and enron the donation in a corner and a member of another band of trash in and around sunrise that animals and you name it. and i'll restore unless they've been a lot of attention are as the web site. are terrorized and they try to arrive a jogger in his jogging and heading and long hair and saturday morning a group of teenagers demanded that he give them whatever he had one of wall punched a man is a rough times in the face police later defined those five teenagers in area and arrested them. << the vehicle pedestrian accident and services got here's live pictures, with our helicopter partnership care and does happen around 730 this morning please are telling as the 20 year-old man was it dark are and then as life-threatening injuries repairing the sea as jake background on ever has avenue address several pedestrian as intense as those of russia. the land is set in the hospital right now with life-threatening injuries. a book that you there as minister of implores sometimes does randomly in and tom plant audit one person on each week used to bring is an ever return of are the

an inmate a series of much stronger statements, but reagan would have probably treated enron like he did with solidarity in poland. he would have said, people of ron who want freedom, who want liberty, we're with you. we stand at your side. we support you. you've got the support of the united states. obama was saying things like that, certainly not at first. you don't have to aid the iranian street or the iranian freedom fighters, whether there would be, just as reagan didn't give missiles and tanks to the solidarity movement, but ask anybody from poland in the 1980's, when reagan was doing solidarity day, solidarity week, solidarity not to making these statements about we are with you , that was extremely powerful and invigorating. obama's to do that because reagan believed that america was it, american exceptional as an. reagan conveyed that message to those people. as he put it, the captive people behind the iron curtain and needed liberty and need to be proclaimed. >> thank-you. >> sure. >> good evening. i'm from westmont college in santa barbara. i want to ask you a question reg

in a given which regionally in the world look at turkey and what it's doing in the world we look at enron and what is happening and. and let it china and the challenge. we condemn them. and you with some of the cuban people don't deserve the flow of information. we're going to have a broader range of judgment. one final note, i know that send a blank as a different view, senator durbin expect some of that. the problem is that when you travel to cuba europeans, latin americans, canadians and others. yet the regime has become not less repressive but more repressive. and when you travel and go you end up feeding him? unfortunately not the cuban people. why? because the regime is the one that had through its company which is basically on by the military will among the entities by which those to go visit and on tuesday and an answer with a foreign partner or with entities that are totally unknown by the military to a foreign company. so this is a legitimate debate. we have different views. the nature of our democracy programs and creating access to and from nation anywhere in the world we will

to meas inconceivable because the department was simultaneously prosecuting arthur anderson and enronford district -- for destruction of evidence and obstruction of justice. i wasn't sure what to do but i knew i couldn't be a part of this. waslled tech support and i able to resurrect more than a dozen of the e-mails, including the ones that documented the f an -- the fbi committing ethics violation in the interrogation of john walker lindh and i given to my boss and i said i don't know what is going on here but i'm not going to be a part of this and i resigned. thought that was the end of this ordeal for me. but the criminal prosecution continued and there was a suppression hearing coming up. the key to john walker lindh's case was the validity of the confession he gave during the interrogation i had advised against. and i heard the justice department continued to say that they never thought he had a lawyer. which said to me that the justice department didn't turn over the e-mails. i didn't think they would have the temerity to make a statement like that, that he never had a lawyer. i

you had regulatory oversights in the 1990's which resulted in enron and a long-term capital transition to the 2000's. you got the mother of all mismanagement, the dropping of glass-steagall, and the leveraging of the banking system combined with irresponsible housing laws at the congressional level which made the system vulnerable, and we saw what the results were. >> if the federal reserve sets rates too low, that means that people who have retired are not going to make as much money on their retirement savings. they have done what they were told to do. work hard all their lives, save money, and now you are supposed to retire and live off your savings. but the difference between 5% or 6% interest rates and being able to make a 7% or 8% return and being able to make a 2% return is significant. they kept rates too low for far too long. they created an environment where we were reaching for yield. what many workers don't understand is they when they create this financial repression, when they lower interest rates beyond what they would he naturally in an effort to try to get people to co