"the former leaders of enron head to prison." enron's ed gillespie. the million dollar lobbyist who put enron ahead of you. nd in fairfax county we had to cut a lot of waste. we consolidated offices. started sharing printers. we can walk a few feet. replaced computers, but kept the monitors. they still work fine. we even discovered that the phone company overcharged us by three million dollars! i approve this message because congress doesn't need another right winger. they need someone who can balance a budget. oh, and we definitely didn't need so many government studies. >>> uber has been at odds since the day it launched in washington. now new legislation finally may end the controversy if the driving regulators and consumers crazy. wusa9 transportation reporter tells us the proposal has passed. will legalize uberx and other similar car services. >> how long have you been driving through? >> almost a year. >> when you order a ride with uber, a taxi doesn't show up. it will be someone like sodi driving his personal car for profit. >> it is a freedom.

you look at enron, one of your more popular films, at what happened at enron, crazy corruption and what goes on some rogue american corporations and casino jack about jack abramoff, the former lobbiest who wound you have going to jail and in "catching hell" looks at steve bartman, the guy who went for the foul ball at the cubs game and people unfairly blamed for somehow continuing the cruising. and buckner so that it that's correct many more years before the boston red sox ended their drought of winning world series. >> that's particularly an american issue? >> i don't know. i think some are. some are universal issues. you know, it was fun about "catching hell," we talked about the scapegoat in that and trace truck driver back to biblical times when, you know, people used to drive literally out of to that was supposed to be i am pewed by all of the sins of the community. but i became interested in scapegoating precisely because of "taxi to the dark side." you know, the excuse about ab abu ghraib was it was just a few bad apples deflecting that dick cheney had basically set in motion a p

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"the former leaders of enron head to prison." enron's ed gillespie.

does lead the world in some things, and 90% conviction rate, virtually the same conviction rate in enron. and now we see the first sin without conviction in the c suites. >> they kept on turning cutting deals cutting deals convicting getting higher and higher up the food chain until you had the big guys. >> that's the way it always works and by the way that's report. it is not simply that they have failed to prosecute the kerries and coos and such. -- the ceos and coos and such. they haven't prosecuted say a chief loan officer at the bank. so they have not even tried to do what we call flipping those lower level employees. >> although -- i read your column and everybody should read it with great interest. but remember, that the attorney general has u.s. attorneys who also work there and the u.s. attorney for southern manhattan has had 85 insider trading convictions and guilty pleas from hedge fund traders and analysts and others. does that count? >> sure it counts but it doesn't count in anything that caused the crisis. those people should certainly be prosecuted but they have nothing to

, it's enron-esque.s. securities lost control of that corporate structure. neil: you are saying bottom line the investors -- >> this stuff in china which the revenues flow to that, is controlled by the chinese government and they have canceled licenses with these type of entities. neil: cut to the chase. you're saying going into this, investors are going to get burned. >> here's the thing, from a practical standpoint, sharing are going to shoot, it could be priced at $70 a share. >> very possible. >> no retail float on this. neil: not good long-term. >> the small investor is not in it. you're going to see the stock spike, they're going to sell to retail in the secondary and it's going to go down, and i can't tell you how far. neil: if investors are down on facebook when it tumbled, they are richly rewarded. >> they sold more retail. >> fair, but if people get to know the company and see the verticals. they may reassess it than thinking it is a behemoth. >> i think if people understand this company, they

look what enron did with the energy supply in california. ditches and ponds are exempt in this new rule. >> but sabrina, people have a little pond in their backyard that now. epa would control, not them. >> i don't think the pga is overreacting. it's a coalition of 35 groups saying this is the example of the ballooning state, it's a hidden tax on businesses. let's remember it's the epa leading the charge of agency imposing regulatory costs on businesses and individual families. i think they're absolutely right to step up on this. >> steve, ten seconds, overreaction by the epa? >> not at all. they hate political controversy, so they're going into this because they see a real threat. regulations now cost this economy $2 trillion, which every -- huge burden, got to start switching it back. >>> coming up, the market hovering around record highs, but our informers say there's still plenty of deals out there. the stocks on s >>> we are back with some stocks that are actually on sale. >> shares out of ohio, strong, strong regional bank with great d

kind of enron-esque, i'm not saying they're enron. you're not buying interest in those assets.buying stock issued by a cayman island company. david: charlie gasparino, good stuff. liz: sec has vet ad lot of it. >> they do not have the same power as the people's republic of china. david: bingo. liz: charlie, thank you very much. scotland forever may be one of the most enduring folk songs. how was that david? david: we'll have steve forbes do it for us. liz: will it be the united kingdom forever? after today's vote on scottish independence we take you live to the scottish capital where the polls get ready to close in about 42 minutes. david: the aforementioned "forbes" media chairman and editor-in-chief steve forbes, is a proud american of scottish descent. he will give us his take. liz: a new documentary talking about what is called america's addiction to oil. we have the movie's associate producer and a former top industry oil executive on the real discovery, this new docudrama "pump." ♪ so i can reach ally bank 24/7, but there are no branches? 24/7 it's just i'm a little reluc

kate, if you remember from 2000 to 2003, the enron task force sent top executives at enron to jail, worldcom, adelphia, tyco, they had the will. i think it's more the will and the direction from the top to go after these people. they certainly did it during that era. i don't see why they can't do it now with whistleblowers, with the investigative techniques that they have. they're doing wiretapping and so fort. so i think they need to show the will. i know they have the skill. but they've got to show the will. >> jake, you were talking a moment ago about you've been speaking with investors who have basically lost their life savings. i'm wondering how much of this push by holder is about optics. try and maybe restore faith in the system in the eyes of the little guy, you know, main street out there who maybe feel that the big cats on wall street have got away with it. >> for the last six years, i've been representing investors who lost tons of money on lehman when it went bankrupt, citigroup goes from 60 to 3. you know all the rest of the stories. they have gotten some money back from these c

we have had 12 years of breaching the trust going all the way back to enron, and the financial crisis in 2008. a lot of corporations are trying to rebuild it. but it takes a long time to rebuild that trust. and i think that is where we have to go right now. president clinton had it right. >> so you clearly think that corporate misbehavior is contributing to the reason why americans have a lower view of corporate sort of imagery than foreigners do. does the wealth gap play in there as well, bill? >> no doubt about it. the fact that americans are not earning as much and they're not sharing in the success of companies. i think that plays a big factor. and the fact that the government has been coming at businesses, supporting the great global companies. the government is doing everything it can to fine them, penalize them and send them to jail. this caused a breach of trust, as well. >> it seems also there is a disconnect between what corporate america believes their responsibilities are. i mean, we just heard from president clinton saying they have to do more for the social good, it seem

the assault like this have proven characteristics and had begun on the enron of fredericksburg over 70 miles away with 30 days of hard fighting on cold harbor. but this was the the battle of cold harbor. today when one visits the battlefield, you can walk between the lines. sometimes you can remove your self to be caught among the trees and provide an opportunity to stretch the legs and permit your imagination. imagine the coats from the hot weather, the smell of gunpowder, spelling them out or if you ever smelled a rotten egg it is pretty similar. mixed with the smell of the flash maybe mentioning the name of food and get the missing sentence might be a bit much for the senses but the yells and screaming and the sound of bees which in fact the thickening sounds when it penetrating across the field. this is the difference 150 years ago this year between what the men in blue experience did what you can experience yourself and then imagine walking with the intensity they had to facing the storm akin to the rainstorm that instead of reimagining the projectiles in the injury. that was the

at least they did before the whole enron accounting scandal t. idea is that accountants are independent. they're not betting on meryl stream. >>> now, price waterhouse cooper has run the numbers on the topic almost as important as the oscars. climate change. here's what they found. we are now 20 years away from catastrophe. 20 years, like my kid is 23 in 20 years. they conclude that had the g-20 nations thoo u.s. and most of the world's other major economies need to cut their annual energy emissions by one-third by 2030 and just over 1/2 in 2050. at current rates, we are headed to a global increase of more than 7 degrees fahrenheit by the end of the century. think about what happened happen if you had a seven degree fever. what would it mean if you or someone you loved had a temperature of 105 degrees that. 's what we're looking at. but right noi, we're looking at one of the best opportunities to change things. this weekend in new york, the u.n. climate summit with 125 leaders of state will gather together to take the first step. the former presi

. >> mike, the next player's stock is falling faster than entero enron.e struggled to stay in the line up. dominic brown. >> could you come up with some references, in the last like five years, instead of 20 years ago. >> they are used to be a team that played at enron field houston astros. they play at the minute made park. maybe they will be the team that takes a chance on dominic brown. he is still young. he just turn 27 this month. >> yeah. >> what happened to him. >> good question. >> he has been a guy people have been, hot and cold on. they like the fact that he is a guy that looks like an athlete but remember last year he was an all-star. he only had seven really great weeks last year when he was an all-star and fade add way last year. just think his time has come up here and time for a change on both sides. >> will he stay or will he go. >> before we begin with the next contestant. >> yes. >> did you call me don again. >> i don't think i did. >> okay, just checking. our next contestant is leading phillies to the world series appearance as first se

accounts from priceq waterhouse coopers becausexd people trustxd accountant,ed a least before the whole enronfound catastrophe. 20 years.x÷q)áÑ kid is 23 in 20. they concludes the g-2ru nation, u.s. and most of theñr7?é÷ worls other major economies, needo=7sk cut their annual energy related climate disaster. here's me leastÑÑi favorite par. this is kot fromÑi some l environmental group, this is<ózj price waterhouse coopers. at current rates we're headed toward a global increase of more than fourxd degrees fahrenheit y the end of the century. seven degrees. think about what would happen if you had a seven-degree fever. 105 degrees. right now this moment we're coming tot( one of the last windows of opportunity to change things. this week in new york,çót( whats being build as the largestt( climate march in history will take place and then a u.s. climate summit, includi fromxd the u.s., u.k., and fran, will gather and take the firstok step toward a global solution. aokçóok former president will je to talk about how the world can get the job done, next. my motheit's delicious. toffee in the world.

you. >> chairman and ceo of kuhne's brothers. >>> arthur andersen name is tied to the collapse of enronme partners apparently think that the taint is washed away and reviving the brand. will clients flock to the brand? the firm's ceo joins us next. >>> you heard about the baby boom but what about the baby bust? a new study says women living through a recession will never have children and the impact that has on the economy may surprise you. this story coming up later on "the closing bell." the competitw requires challenging your business inside and out today. at cognizant, we help forward-looking companies run better and run different - to give your customers every reason to keep looking for you. so if you're ready to see opportunities and see them through, we say: let's get to work. because the future belongs to those who challenge the present. >>> talk about making a name for yourself. more than a decade after its collapse, arthur andersen is back under a different persona. a san francisco based tax firm of wtas has purchased the rights to the arthur andersen name and renamed itself a

hundreds and hundreds, and i watched the sec put them all out of business while there was a worldcom, an enrond no problem crushing little firms with two or three offices, but when it came to the big boys, they looked the other way. >> you are absolutely right, charles, but now in the past two years it's different. >> exactly. >> look at the list of -- [inaudible conversations] >> i agree with -- charles: i'm not impressed. hold on one second. >> they tried to change their ways. >> i agree with what matt said. you should do it because it's the right thing to do, because you encourage the behavior tracy just said. somebody is involved in crime, then they benefit from it. charles: 30% is too much. >> $30 million is ridiculous. charles: let's put a cap on it. >> but let's really call out the situation. the situation is the sec really needs a revamp. if they were doing their jobs properly, they wouldn't have to pay these people millions of dollars to go and do the investigating. >> they're still behind the 8 ball. can we just say bernie madoff one more time? you're going to have to knock the organ

hundred savings-and-loan executives prosecuted, convicted, and sent to jail 20 years ago, and some enron executives were. but they have so gamed the system, the corporate lawyers, it's extremely difficult to put them in jail. and by the way, if they went to jail, they would improve the prospects for prison reform. [laughter] and the food would be better. [laughter] the governments buy almost everything we buy. you know, it's called government procurement. they buy food, they buy clothing, they buy motor vehicles, they buy energy. they buy construction materials. and they can do specifications where they can stimulate innovation, and we got airbags that way. the auto companies controlled department of transportation under reagan, and we couldn't get airbags. so i went over to the general services administration, and i said to the administrator, who, luckily, happened to be a rigid republican from new hampshire and he was an auto supply dealer. now, listen, if you know anything about auto supply dealers, auto parts dealers, they have no awe of the auto companies in detroit. so i said to hi

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enron happened, i said this is astounding. a lawyer said, greed is around for a long time. be around for a long time. ask the manhattan district attorney how many insider trading convictions they have gotten. in one regard, nothing changed and yet american business i think is very confident because they have come out of 2008 and they have really performed well for their shareholders and i think if anything it could breed overconfidence. i survived, created jobs. didn't go under. you should be thanking me and one industry that's shocking that they have ranked high was airlines. who couldn't shoot straight, didn't know how to price themselves and too much equipment. >> the flights are on time. >> most expense i. >> what i find is small enterprise, especially small banks, manager vs a significant part of their net worth invested in the net worth, they're much more responsible overall. >> of course. >> smaller, partly. right? more on the line. not dealing with the manager that is don't have a stake in the enterprise. >> live pictures of when's happening just outside here in dow

enron to use fast and was one of the main perpetrators of the 1993 world trade center bombing to get news of the visa to enter the country. these attacks occurred before the advent of increased scrutiny on the visa waiver countries and i think we are confident we can identify many threats today are the electronic system for travel authorization commonly called pasta and are hearing today which all applicants have to fill out. it is clear we may have trouble determining if some individuals have traveled to terrace regions. although cbp continuously that's all visa applicants against our terrorism holdings, that information is imperfect if we don't have a complete picture of an individual travel route collecting more information up front could be very helpful for us to do just that. he treats another pilot programs to look at the totality of data on a esta and visa application are good tools to help some of our intelligence caps make connections we would otherwise miss. however, critical information sharing especially with european allies is critical to help combat a threat of foreign