they had overseen not only the bad books of enron but also waste management, sunbeam. and they destroyed documents. so when you confront were resid. and they destroyed documents. when you confront this, prosecutors need to meet out justice. so there's blow back, it slings the other way. and prosecutors lose their edge because just getting a settlement is a career went and you never have to go into court and learn how to get a guilty verdict. >> yes, it's been an insidus b i biproduct. so once they figure they really can't go after corporations, they tried to shift to go after individuals but only a series of fiascos and mistakes. they realized and lost the ability to prosecute the people at the top echelons of corporate america. they can get small fries but not the ceos and cfos of the biggest corporations in america. what is interesting, it feeds on itself. so the crash happens, government goes into belt tightening mode, right? so fbi has dozens of agents. the postal service has, right? >> yeah, they had an elite unit in manhattan that did complex financial investigat

they had overseen not only the bad books of enron but also waste management, sunbeam.ists and they destroyed documents. so when you confront this, the prosecutors need to mete out justice. then they go after arthur anderson, the famous accounting firm. they realized and lost the ability to prosecute the people at the top echelons of corporate america. they can get small fries but not the ceos and cfos of the biggest corporations in america. what is interesting, it feeds on itself. so the crash happens, government goes into belt tightening mode, right? so fbi has dozens of agents. the postal service has, right? >> yeah, they had an elite unit in manhattan that did complex financial investigations. that got wound up. the department of justice had a hiring freeze so they couldn't back fill positions. so there's been a terrible resource constraint through the department of justice just at the moment when they really needed to gear up. not only had they had problems and fiascos, they had things like the ted stevens conviction of the senator from alaska. all these things and

. >> the last time i saw an example of this it was enron where the bonus system drove behavior and we know what happened there and i am not suggesting the va is enron but it is something we need to look at in terms of flawed bonus system driving bad behavior. we just heard testimony so far in this hearing that veterans really don't have to wait because there is a fee for service program where the va will send them out to private sector doctors. so why do we have the waiting list? are they not really allowed to do such service? >> i think we tried prior to the information we received, we felt the core business was primary care. we had tried to keep that within va. in retrospect i don't think that was a wise move. i think we had the potential of waiting customers. >> there is a publication i don't read often that is called the daily beast but they had a quote saying texas va ran like a crime scene. before the president could deliver on the pledge the scandal has blown even further. there is an award winning va hospital in texas is in widespread wrong doing in what appears to be systemic

if you threw more money at enron, which was a fraud, do you think it would help it out? the va hospital, and i know this from people who work there, is raoeuf with administrative fraud. i want to change it and people like you and ben want to throw money at it. >> no, i am happy to change it radically. >> it's the government. >> it should be the government. >> when has that ever happened that you threw something more money from the government and it made it better? >> how about world war ii. >> a report last year said 80% of the medical providers in the va got performance pay of some sort, but their performance was never measured. they are basically paying for failure within the va system, and i resent we don't want to take care of the veterans, and we are disappointed, and sorry if i don't believe in socialized medicine when my great aunt was sterilized by the state of virginia, so sorry if we don't trust the government to take care of the most needy in the nation. >> well, then scrap it and scrap it and do something different. >> thank you. >> but the va, for decades, i

. >> the last time i saw an example of this was enron. where the bonus system drove behavior and we all know what happened at enron. i'm not suggesting that the v.a. is enron, but it is something that i think we need to look at this terms of flawed bonus system and driving bad behavior. that leads us to the next question. we just said -- we just heard testimony so far in this hearing that veterans really don't have to wait because there is a fee for service program where the v.a. will send them out to private sector doctors. if that is the case, the v.a. can do this, why then do we still have the long waiting list? is that because they are not really allowed to go out for a fee for service? >> i think that we had tried prior to the information that we had received, we had felt that our core business was the delivery of primary care. we had tried to keep that one v.a. in retrospect, i think that was not a wise move. i think we did have the potential that patients were waiting and we should have provided fee-based services while we were try

and in an enron around the supreme court's campaign fnls ro ruling, senate democrats want to rewrite the ruling. does chuck schumer know better than james madison? welcome to the journal editorial report. well, it's commencement season once again, and as college seniors prepare to leave the ivory tower, another right of spring is taking hold. college bans on conservative speakers. former secretary of state condoleezza rice is the latest victim, announcing last week she's withdrawing as the graduation speak at rutgers after faculty and students protested her role in the iraq war. last month, brandeis rescinded its invitation to a somali writer whose criticism of radical islam, the school said, violated its core values. and a speech by libertarian political scientist charles murray was postponed by azusa pacific university for fear of, quote, hurting our faculty and students of color. but wall street journal columnist dan haninger said the intolerance goes well beyond college speakers. he joins me along with political diary editor jason riley. dan, as we said, this has been known to ha

well as the enron was that it was to erase the things i knew was what was launched by the admiral of the black sea made he thinks i need any rate the new dell said the russian national anthem was performed. he proceeded to bite the march of this holidays and also the strength to fourth in the second world war not thousands of people i celebrate and have an effect of maps of the grandparents the fourth noble truth that envelope. i think that while the rest of the continuing to continue to not directed at the bank and russian prison time at the gym is expected to come yet. at some point during anthony was the movie i might display on the abduction and four says lights front and also the day as well. top with a complex concept of wildlife display meanwhile saying is joyce katrina a referendum will progress to stop producing east in ukraine's state they will go ahead and home sites on independence that is something that's despite got me a treat in calling for the referendums to be better spent. small town's hospital in the offices of the republicans on the extra electoral commission prep

we are talking about arthur andersen back in the enron days which basically imploded. the cultivate -- guilty plea, they will wait until after markets closed to file these charges. news conference you'll see the old thought about what regulators were running due to soften the landing for credit suisse. every week deal going on in the justice department right now. >> when to stand the ceo and chairman will not lose their jobs and this is the first time that the parent of any of a major financial institution has admitted to a crime. why now? rex this was a major push by senior u.s. just this department officials. the attorney general has had if a cold time with the public up fix it up being a major way or say executives from wall street to jail areas in the wake of the 2008 financial races. was, this is about tax evasion. that about soured mortgage bonds . what you have seen over the last six to eight months is a different posture in the department. they're going after banks for please. with libor.y used not going after low-level officials area they're going after the ba

"pipe dreams: greed, ego and the death of enron," in 2002. next one was "cronies: oil, the bushs and the rise of texas, america's superstate," in '04. and this is my favorite, "gusher of lies: the dangerous delusions of energy independence." [laughter] in 2008. robert's all over the place. what'd you do, 20 tv interviews in the last 48 hours? [laughter] yeah. he's being modest. he's on bbc, cnn, pbs, npr, you just fill in the three-letter acronyms, he's been on all of those stations. he frequently authors for us, though, beyond these books original research. he hits issues as diverse as debunking wind energy policy and the subsidies that accompany it to questions such as how do you alleviate energy poverty, a new area that we're exploring. he has a bfa from the university of texas at austin where he lives with his family and his wife, and please join me in welcoming robert bryce, a leader of the institute. [applause] >> good afternoon. [laughter] >> good afternoon. >> thank you. i have four points to headache, and i'm going to make them in ab

most of our growth occurred in the last decade when the electric companies all -- remember enron? they got in the water business, duquesne, no longer a listed stock. we bought a lot of their properties. what happened is we had to buy them all then we started what i called pruning the lower performers. in the last three years, we actually exited four states and increased or assets in the states like texas and ohio, where we're doing very well. once you acquire a system, what do you do to get it up to snuff? >> first, we check out -- they're actually in violation of the ferred safe drinking water act. that's the very first thing we do, we make a commitment to the regulators and fix them. we then put our staffing in there and train existing people to get them up to the best in breed. we go out and see if there's anybody else on the outskirts of that system who have been turned down looking for growth, because they didn't have the capital and try to grow the system we just bought. >> i know people are suspicious of water where i live, and we use bottled water. when you take over a sys

and won a close game set was cardinal solacing dry inside robalo cent of all on fire drill than an enrona cowboy boots again by madison dumb partner says he put the boots on and on fire can argue with the results first giant have an rbi and 2000. eighth home run giants tied three. on crag getting ready to go out once upon a time kit for the cal bears and then he delivers of rimbaud's some six and their seven heads on kron 43 cardinals. just come back 10 for derek michael moore's boise coming through. to run double. giants lead 64 rameau almost coughs up in the ninth gave up one telling able to finish off just the final 65 giants went more rbi best wreck occurred in the major leagues' 3519 columbus and the cisco giants two best records american leg coliseum today to games for the is one game for the tigers as for game series what happened to the day you make a note to one lead trip led the said estimates since the show in the home- run contest couple years ago and because the place people get excited but he's brought here by j.d. jim johnson got better performer making $10 million a year

>> the company started in 2002 so you had the dot com crash, 9/11, worldcom, enron, s&p went down 79%. it was impossible to raise money. we were working on a game. flickr was a last-ditch effort to build something of a technology that we could finish quicker. in one sentence, we were lucky. but it was entirely different. >> is it too easy to raise money today? >> no, i think there are a lot of companies that are not raising money at all. company's like stuart's, just take a step back for a second. amongst our enterprise portfolio, we have done probably 20 or 30 deals for 200 million dollars on the ground, conservatively, it is worth probably $200 billion. companies we have ever seen in the enterprise, when he walked in the door, we were just like, what is going on here? these growth characteristics were like a consumer company. it was like i had seen at facebook but it was applied to an enterprise. >> your company is promising to eliminate e-mail. how? >> inside the organization. e-mail is not going anywhere in the long-term. maybe it's got a couple of decades left at least. it is the

boys who are in such an enronment often act out, they externaliza the experts call it.y get into fights, more likely to drop out of school and not go to college, et cetera. john: i read this too, what seems contradictory is with much more of this going on, you think the kids would be in much bigger trouble. graduation rates are way up. teen pregnancy fell 41% from 1991. teen violence arrests are way down. >> when you look at these big numbers, you are not breaking it down by education. breakdown of marriage is almost entirely effecting lower income, less educated people. college educated women tend to almost always marry before they have their children and much less likely to divorce. when it comes to teen pregnancy, john, teen pregnancy is way down, but instead rates of 20 something's, young 20 something's having children outside of marriage has gone way up. yes, women are -- john: better 20 something's than 15 something's. >> when it comes to child outcomes, this much better. not worlds better. john: and yet, celebrities get all this press coverage by saying i haven't

arthur andersen when they indicted arthur anderson, that was done in the bush administration during the enronhe was the accounting firm. they just got so much flack for that, they don't have the guts to put a bank out of business even if it did pretty reprehensible stuff. liz: thank you. the closing bell will ring. it is back to the future for google and the home delivery wars. i do love this video, it makes me laugh. we will show you how google will turn up the heat on amazon and ebay. interesting story. when you're sitting down with the richest people in the planet, you want to pay attention and ask the big questions. the revealinrevealing interviewn buffett and bill gates talked what everything from the latest technology trends to the future of the newspaper industry. >> i am from toronto, canada. i am a shareholder of berkshire hathaway. >> go, liz claman. >> i'm ceo of oriental trading companies, i am excited that they were the winners of the company with the largest number of people in the run. i ys say be thman with the plan but with less ergy, moodiness, i had to do something. i saw m

it was the enron scandal. need to have more action out of a do nothing congress in this area? >> we need some kind of an event like that because right now we have, as you know, a parallel and polarized congress and the five justices will strike them down. so the truth is, the problem is at the constitutional level even more than it is at a congressional level. >> that is true but also a bummer. >> that is a bummer. that's why justice stevens was talking about a constitutional amendment. >> or getting liberals even more energized on making sure the courts have a jurist there. jeffrey stone, thank you for talking to me. >> thank you for having me. >> appreciate it. >>> coming up, where in the world is rob ford? i'm their mom at the playground and i'm his mom at the dog park. the kids get trail mix, and here's what you get after a full day of chasing that cute little poodle from down the street. mm hmm delicious milo's kitchen chicken meatballs. they look homemade, which he likes almost as much as making new frie

enron -- >> true. liz: i find this very fascinating, ashley. >> me too. a dollar, it's like a 17 credibility stock. and when the journal of radiology is barely even existing, it's up 50%. a move of two pennies could mean a big move depending on how much you've invested in the name. but this is how warren buffett actually got started in the early days. he'd find really good quality pink sheet names and buy them and sell them. >>> sales of new homes rose more than expected in april suggesting housing may be rebounding from its winter lows. still, certain fed officials may disagree with that. take, for example, san francisco fed president john williams who claims he's been caught off guard by weakness in the housing sector. in a speech delivered in san francisco yesterday, he said, quote: while home sales and construction showed substantial momentum in 2012 and the first half of 2013, the wind has been taken out of the sails since then. is williams right on the money here, or is the housing market headed into a hotter summer? joining me now, ubs deputy chief

. >> i thought this question was really enlightening when we brought up the case of enron and about maybe how the incentives that were built into the management of the va and the health system were induced with some of the results we have seen. >> congressman, i think that is possible. i think that that is what happens when these things become tools. >> in and the situation that i'm at now. i'm concerned less about the rewards that might have led us to this point and i'm more concerned about the time it's going to take with good accurate audit that may be the punitive atmosphere may be a part of it. so that is where i'm really going with my questioning here is a sense of this. is it going to cost us to see an audit that is less than whole. >> i can tell you, congressman, that we have discovered system failures part of our audit and i don't think it is going to be a whitewash. and i think that we are identifying some of the name concerns that the ig has identified. >> quickly, is there a shortage of providers within the system or these particular areas where we have seen failure? is that p

it was the enron scandal.u think we need to have more action out of a do nothing congress in this area? >> we need some kind of an event like that because right now we have, as you know, a parallel and polarized congress and the five justices will strike them down. so the truth is, the problem is at the constitutional level even more than it is at a congressional level. >> that is true but also a bummer. >> that is a bummer. that's why justice stevens was talking about a constitutional amendment. >> or getting liberals even more energized on making sure the courts have a jurist there. jeffrey stone, thank you for talking to me. >> thank you for having me. >> appreciate it. >>> coming up, where in the world is rob ford? to help support regularity. wife: mmmm husband: these are good! marge: the tasty side of fiber. from phillips. the expedia app helps you save with mobile-exclusive deals download the expedia app text expedia to 75309 expedia, find yours [ banker ] sydney needed some financial guidance so she cou

and in an enron around the supreme court's campaign fnls ro ruling, senate democrats want to rewriteuling. does chuck schumer know better than james madison? welcome to the journal editorial report. well, it's commencement season once again, and as colge

data from the enron partisan kaiser family foundation shows vermont, california and rhode island haveled the highest percentages of their residents in the country. why? because they believe in it. a high enrollment state that might surprise you, idaho. you know idaho. real conservative state out there. in fact president obama lost idaho by 32 points in 2012. but doggone it, they like this health care thing. idaho officials, what they had hoped to do was enroll 40,000 people. well, they topped it out at 76,000 people through the state exchange. and of course success in kentucky with their program is very well documented. democrats need to highlight the advantages of medicaid expansion and point out millions of low income americans are going without health care coverage because of gop resistance in some states. researchers at harvard and city university of new york estimate that in 24 states who rejected medicaid expansion which 7,000 and 17,000 people may die due to lack of care. now, i don't know who taught you math, but in my world, 17,000 people, that's no small number. what are the

i think the i think he is like soo naughty monkey he still gave me a taste of the enron and the iranian agenda. might be other team on both of us so that they keep some distance. double inquisition all the rest of the above prices in sepia tone the same as in the midst of the same. i was a monkey but she was still on the sem in fact. the onion to the plate. that's interesting points i know ali mohammad al sabah who the whole world is government. there was this an uprising in side of baghdad in a neighborhood called solder city tearing of the worst of the sectarian violence. he's said he doesn't endorse any of the candidates. what is his strategy. it is a little bit he cannot go unnoticed in and around about a month in which he said he came out very strongly denied he was withdrawing from the scene and ndp has expressed its usual strange. the government performance and the corruption and nepotism or two earlier. many indeed he claimed he was trying to sing. two days later on as long as the entities that were working under some other organization. it's enough that they would still be runn

. >> and enron. that?e you involved with >> with arthur andersen? many years ago.y split. >> remind me, brad. case and theal clients pulled away. once they pulled away, there was nothing. if you think of a commercial bank and a foreign bank that dollars, u.s. they have plenty of euro funding. essentially, you could end up with -- >> this is key here. slow down and describe what you just said. what do you mean by dollar funding? york.re in new what do you mean by dollar funding? the balanceok at sheets, you will find that a very large portion of their asset base is dollar-denominated. they have euro deposits, but they are relying on wholesale funding for a portion of that balance sheet. the assets they have. they need confidence in the marketplace in order to go out there and borrow. corporate treasurer's are simply not paced to take risk. if we see any signs -- the market is looking at this and saying, this is drama on the part of the justice department. -- i had aon this partner at sure when sterling who i once asked, what should we do about dealing with a regulat

this was in the wake of the enron and worldcom accounting scandals at the largest companies in the unitedates, and there were serious prosecutions, including of some of george bush's close political allies. larry thompson was the deputy attorney general at the time, and they formulated, he formulated in conjunction with his colleagues, a memo of how to andfter corporate criminals how to investigate and prosecute corporations. this was actually building on work, ironically, that eric holder, who was then deputy under janet reno in the clinton administration, had first laid out. this was quite a tough memo, and immediately created an enormous backlash by the corporate lobby, the white-collar defense bar, and that the prosecutors's implemented this memo from larry thompson, who was quite tough on corporate criminals, they overreached and it started to get rolled back over the decade, and that is one of the problems with how they lost these tools in learning how to investigate and prosecute crimes. host: when you say overreach, is it because they showed too much teeth in the matter? guest: ye

stands for enron oil and gas, but it hasn't been that in so long so people don't understand.'ve got the delaware basin. looks like that's going to be the third leg of a three-legged stool. best assets. 3,000 barrels per day in eagleford and bakken, ramping spending. people thought they were going to ignore bakken, so much more, bakken being north dakota, in texas. it's a remarkable story. >> what have we heard that has the stock up over 4%. >> one of those where they released the results and then do the conference call. the results, mpap was not a showman. the new ceo, eog reports outstanding results. some people who are critical. that's the way that pioneer does it. enron oil and gas, eog is the best. >> return of capital in the airline industry, amazingly enough is now a story we've been talking about for a while and it's happening. again and again. >> we talked all of our lives, david, about cost. the whole idea -- >> hard to imagine -- >> they're talking about a dividend boost of 50%. returning 2. 75 billion. talking about cash machines. now there's a lot of people saying

fruitless and he broke down into public tears when he learned that enron's ken lay and secretly beenmeeting and working with arnold schwarzenegger to help schwartz a major become governor and that schwarzenegger had filed his papers. and painted but today the san diego republican was not sold out of his own dream to become governor it's my dislike go. so knowing the truth about congressman darrell i said we really want this generation's joe mccarthy leading yet another taxpayer funded which up on capitol hill. that. i think we're. trying to. do and i think it's all about money and i'm actually sick for a politician a lot. just to lead. today's by. cop. join me. for that impartial and financial commentary interviews and much much. only on the best and only on. the market like. a concert you know the. pleasure to have you with us here on our team today on roller sutured. coming up on r t breaking news in ukraine a large fire started amid the rest in the southwest of the country has led to over thirty deaths well the u.n. holds an emergency meeting over the violence an update just ahead

going back to the enron scandal just keep accumulating debt come up with new ways to account for it thatare sketchy and get some accounting firm to sign off on it and then when the debt it can't be paid just say loops that's that sort of in a nutshell i remember the head of risk of one. the division is saying to me risk management has no priority around here at all the only thing that current sales and then he said and you know that animals around here that cultural statement well a so the because they get paid on the fees based on the volume of debt costs does that have no accountability for the debt just the volume of debt they get to feed ok so that's the story you're the whistleblower as a result you're you are either out of the industry basically and now you're a whistleblower you're writing books and you're starting a new company which we don't to get into deep details today but does it look like you're suffering it's looks like you're thriving having gotten out of that culture fraud hang on it took me ten years to get through the tribulation everybody knew i was right but they sca

fruitless and he broke down into public tears when he learned that enron's ken lay and secretly beenmeeting and working with arnold schwarzenegger to help schwartz a nigger become governor and that schwarzenegger had filed his papers. i think but today the san diego republican was sold out of his own dream to become governor it's my dislike. so knowing the truth about congressman darrell i say we really want this generation's joe mccarthy leading yet another taxpayer funded which up on capitol hill. your friend posts a photo from a vacation you can't afford. a different. boss repeats the same old joke of course you like. your ex-girlfriend still paints tear jerking poetry keep. norris. we post only what really matters at r.t. to your facebook news feed. well if you're going to comment like the hall of fame i'm sorry. pleasure to have you with us here on t.v. today i roll researcher. on larry king now we close out showrunner week with the creator of the vampire diaries julie and plug that has to be in the mix because if you don't have a death at that that that had a bad rep then you'r

obviously but they did proceed with very high level prosecutions against again against companies like enron adelphia and tyco and world com and even arthur andersen and i think this administration has has not taken the opportunity to pursue those kinds of. prosecutions what do you make of that eric holder is well known liberal certainly obama seems on the ledge you would think that this is an illustration would be much more progressive than the previous one in this area. yeah you you would you would think that. i do think what's happening and this isn't just pacific to this is ministration i think that this began happening actually even before he came into office but there is a revolving door of people in the regulatory structure whereas once upon a time you had career civil servants and career prosecutors who occupied the regulatory positions now you see a lot of people going back and forth between government and the corporate defense community and so you see a lot of corporate defense lawyers like eric holder and like lanny breuer the former head of the criminal division who both worked a

this was in the wake of the enron and worldcom accounting scandals at the largest companies in the united states, and there were serious prosecutions, including of some of george bush's close political allies. larry thompson was the deputy attorney general at the time, and they formulated, he formulated in conjunction with his colleagues, a memo of how to andfter corporate criminals how to investigate and prosecute corporations. this was actually building on work, ironically, that eric holder, who was then deputy under janet reno in the clinton administration, had first laid out. this was quite a tough memo, and immediately created an enormous backlash by the corporate lobby, the white-collar defense bar, and that the prosecutors's implemented this memo from larry thompson, who was quite tough on corporate criminals, they overreached and it started to get rolled back over the decade, and that is one of the problems with how they lost these tools in learning how to investigate and prosecute crimes. host: when you say overreach, is it because they showed too much teeth in the matter? guest:

> i thought there was a line of questioning was really enlightening when he brought up the case of enron that maybe the incentives that were built into the management of the v.a. and health system were induced some of the results that we have seen today. >> congressman, i think that's possible. i think that's what happens when measures become goals. >> well, in the situation we're in now, i'm kind of concerned less about the rewards or the incentives that might have led us to this point. i'm concerned about the amount of time it's going to take to get a good accurate audit and that maybe the punitive atmosphere may also impede that. that's where i'm really going with my line of questioning. human ense that is instinct going to cause us to see ab audit that is maybe less than whole? >> i can tell you, congressman, that we have discord system failures as part of our audit. i don't think that our audit is going to be a whitewash. i think we are identifying some of the same concerns that the i.g. has identified. >> real quickly. is there a shortage of providers? is that within the system in

this was in the wake of the enron and worldcom accounting scandals at the largest companies in the unitedes, and there were serious prosecutions, including of some of george bush's close political allies. larry thompson was the deputy attorney general at the time, and they formulated, he formulated in conjunction with his colleagues, a memo of how to andfter corporate criminals how to investigate and prosecute corporations. this was actually building on work, ironically, that eric holder, who was then deputy under janet reno in the clinton administration, had first laid out. this was quite a tough memo, and immediately created an enormous backlash by the corporate lobby, the white-collar defense bar, and that the prosecutors's implemented this memo from larry thompson, who was quite tough on corporate criminals, they overreached and it started to get rolled back over the decade, and that is one of the problems with how they lost these tools in learning how to investigate and prosecute crimes. host: when you say overreach, is it because they showed too much teeth in the matter? guest: yes,

our next guests made millions, including enron, worldcom and lehman brothers, sharing his thoughts onis chris pucillo, the asset management ceo and officer of solas. the fund has 23% annualized returns since inception. that's pretty good. i assume i can't ask you that question. >> that's correct. >> that is correct. >> for how long? >> i can't tell you that. >> what does that mean? >> when did you start the firm? >> 2002. >> okay. help us try to understand, a, you work at the bankruptcy market right now. there aren't nearly the same types of bankruptcys we had before. where do you see opportunity in all of this? >> right now we have tsu one of the largest obos. there is lots of moans in the tsu complex. the bank that will get most likely the majority of the equity there. >> that can be extremely attractive. i think it's one of the lower risk bankruptcy plays because of the valuation through the bank debt. >> so if are you playing at home to the extent you are. is there a way for you to play there, to participate in this? >> you could buy tsu bonds, but they're going to be more of a ga

i voted against the deregulation massiveindustry, and a run ups we got from enron, and everything thatent on, and i say what exactly why there would be a 4% increase unless people are saying they will have to build or cannot convert to gas. i do not know the midwest structure that while. host: bob from chesapeake, virginia, you're up next. republican line. caller: mr. defazio, the biggest problem i see is the corruption from the hole -- highway funds, social engineering with all the light rail, light pass, you name it, but what they need to do is get a value per dollar -- in other words, have a price per mile for what it cost for a person to travel one mile on a highway, a railroad, a light rail, what have you, and then you have the true cost per mile, per person travel on a highway or whatever, and then you know how much each one of these transportation methods is going to cost you and in the future the highways was still raining came especially -- will still be the reigning king especially with electric cars, self-driving cars, and highways are going to lead the way. everyone is goin

ninety percent of it has to do weird dream actors all this or the crap that will be the real name is enron or isn't it lots of add to it what a day of victory bill it was so get me real quick bill so you won't believe so appropriations bill because they tried to mix the popular support for veterans with all kinds of pork barrel politics and that has led to a conflict when you cut it too much the democrats get upset when you don't when you put it up the republicans get upset but i've got a different observation you continually argue when you look at obamacare and expansion the medicaid. and you tell me all the people who didn't get this how since they are dead on their harmed it's the republicans fault well mr obama's the president now v.a. hud v.a. has one by him how do you progressive spilt about killing at least forty people and however untold many more we're going to find out about it again even this is you know you're not here to be part of the public i rather like you know i you know i get it you know you guys love to brag about how do you know the liberal i mean government none of po

solution what you've got to do is you've got to mark to market get rid of the mark to fantasy get rid of enron style accounting tell the banks that have losses you've got a marked on your losses and if you're insolvent you're out of business it's not like heads you win tails i lose and then i get bailed out that's not capitalism that's extortion you know bellow infinity is not a viable. way forward in any capitalistic society thomas piketty his book talks about the disparity between class groups and income groups raise their book called tap it all and it's made a big sensation i give that a second let us just focus on real say in the u.k. for a second you were on daily politics with host andrew neil recently and he was making the point that prices in east midlands in the u.k. are down in real terms so how is this a bubble first of all where is east midlands well i have in this car there is a golf course up there in the middle of a country but in real terms if you inflation adjusted using the bogus numbers that the government has and i think they've got real problems with the way they calculate

basle let's see nancy pelosi all of that there is no other job he did wrong we hardly get halloween enron'smain man was phil gramm he passed the commodities futures modernization act and going through a very four hundred reviewers and what do we get out of it nothing i'm just trying to figure out we have a patter congress actually does oversight they actually hold hearings. we've had select committees we've had select committees over her intelligence failing this is bad this is. pardon me this is joe mccarthy come on you guys vent here it was our think there is no there there and then that is where the select committee will reveal what the forty nine previous and those that did not and that's what we have left wing to me what sounded great in trade because they had b. fifty two investigations but political reported that ok but you know. oh here you go the inviolate right there for the threats of violence against trey gowdy yes we can have a discussion about it it's actually time to engage and by less political we have to that's what i've had the capitol police investigate threats of violenc

and it was twain cannot clark, who profited from the amalgamated scam which was the enron of the stateerhaps. stockholders were fleeced and the insiders who got in first profit. those included samuel clemens. we talk a little bit about that in the buck. nevertheless those words have stuck and often have been repeated. then we get is in his daughter from a second marriage born in 1906 in paris building in the great house in new york 121 rooms for a family of four. including one room made of gold. at least until about october. she grew up in new york with the sister who died gas and 16 of meningitis. well educated educated in new york city. had the finest tools. >> almost always pictured with a string of pearls. she was married in 1928, came out as a debutante, then was married, and the marriage did not last long. she put it to earners years later, on the honeymoon i had to go home. who has not had that feeling? after the marriage then moved in the apartments down the streets the house was torn down, then on and move into an apartment on fifth avenue. she lived the rest of her life as a