so our conclusion was ernst and young certainly knew it as of that time and did nothing with it.cking] >> coming up: where were the government regulators? >> how closely was the s.e.c. monitoring lehman brothers during this time? >> they were on premises. they were talking to the lehman people daily. they officed there. >> more of lehman brothers ahead when 60 minutes on cnbc returns. [ticking] ♪ i wanna spread a little love this year ♪ [ male announcer ] this december, experience the gift of exacting precision and some of the best offers of the year at the lexus december to remember sales event. this is the pursuit of perfection. [ male announcer ] if we could see energy... what would we see? ♪ the billions of gallons of fuel that get us to work. ♪ we'd see all the electricity flowing through the devices that connect us and teach us. ♪ we'd see that almost 100% of medical plastics are made from oil and natural gas. ♪ and an industry that supports almost 10 million american jobs. life takes energy. and no one applies more technology to produce american energy and refine it more e

. >> josh ernst is a principal deputy press spokesman. >> we are gathering facts and consulting with general id ris. as a result of this situation, as you point out, the united states suspended all delivers of nonlethal assistance into northern syria. at the same time it's important for people to understand our humanitarian assistance, distributed through international and nongovernmental organizations is not affected. >> nonlethal aid is 260 million of communication, mre, meals there's concern it has fallen foo the wrong hands. humanitarian aid that goes throughout syria to both sides over the last three years continues to flow. that is administered by the united nations and other nongovernmental organizations. and lethal aid. in the summer it was devufled from capitol hill that the american government would arm the rebels with small admissions. today they had no comment about the fate of those admissions. >> mike viqueira reporting from the white house. >> if life were not hard enough for 2 million syrians that fled the war-torn country, some are dealing with harsh winter weather c

. >> you have republican state senator joni ernst running for senate writing in her notes from the capitolate that new medicaid recipients have no personal responsibility for their health. and republican louisiana congressman also running for the senate describes a hypothetical single woman, gives her the name sharon, who's, quote, not on medicaid and might have a no good name for gaming the system. cassy writes, quote, sharon expects his neighbor could earn more money, work fewer hours or perhaps live out of wedlock so he and his girlfriend qualify for the taxpayer provided free insurance. the return of the welfare queen, the latest story on "national journal" and hits the hot spots. the fancy sports car with the fins. this is back to the '60s. babies galore in the car. a tin of caviar. aforementioned kings cab legs flying out of a whole foods grocery bag. paperwork for welfare, food stamps, paper for medicare.gov blowing in the wind there and last but not least, a obama/biden bumper sticker. bobby brown, and margaret carlson. i don't know if you laugh at the ridiculousness of it or stere

when you begin -- and the depletion of some of the resources -- looking at the infrastructure demand, ernst & young estimates 57 trillion until 2030. the amount of money that could be lost and resources or that could be saved could make a huge difference in terms of the people of the world. ideas like those are very, very interesting. we have to open up our mind to thinking this way and bring the people together. the discussion right now on the post-2015 new development goals is an opportunity. the point that this is cultural and the values -- i am asked, is corruption a cultural issue? i say, it is not. it is a practice. it becomes a practice as opposed to being in the people's dna. i think corruption is a cancer. very virulent. we could go on. to think about it in those terms. go ahead. >> let me make a parable. i spent this time yesterday morning listening to the mayor of new york making a speech. about how new york is driving during his administration, which is true. when you look at part of what has happened in new york in the past 25 years, a lot has happened. one big change that was

ernst & young is optimistic. asia, there will be a very good near -- a very good year next year.totry could the range of the index. you can see that the starting price will not be too expensive. the buyer will think, ok. , for the world, you can see the u.s. and europe can pick up and it should be a very good year next year. asia.t was the word from >> as we race toward the new year, we look back at the year that is nearly over. it was a busy time when it came to manufacturers, especially designers around the world. attempt concepts in an to push luxury to new heights. a look at some of the weird and wonderful creations. ♪ >> is it a car or is it a tv? machine takesstic the prize of 2013. honorable mention goes to the micro max. the car owners who ever will -- who only ever wanted a tiny bus. and the latest automaker to unveil a hydrogen car. >> this is a hydrogen fuel-cell vehicle and an electric vehicle, the hydrogen fuel-cell vehicle generate electricity on board. >> an idea still somehow absent from the roads. as for something you can unveiledbuy, bugati this in dubai. only t

when you begin -- and the depletion of some of the resources -- looking at the infrastructure demand, ernst & young estimates 57 trillion until 2030. the amount of money that could be lost and resources or that could be saved could make a huge difference in terms of the people the world. ideas like those are very, very interesting. we have to open up our mind to thinking this way and bring the people together. the discussion right now on the post-2015 new development goals is an opportunity. the point that this is cultural and the values -- i am asked, his corruption -- is corruption a cultural issue? i say, it is not. it is a practice. it becomes a practice as opposed to in the dna. i think corruption is a cancer. very virulent. we could go on. to think about it in those terms. go ahead. >> let me make a parable. i spent this time yesterday morning listening to the mayor of new york making a speech. about how new york is driving during his administration, which is true. when you look at part of what has happened in new york in the past 25 years, a lot has happened. one big change that was

. >> you have republican state senator joni ernst running for senate writing in her notes from the capitol update that new medicaid recipients have no personal responsibility for their health. and republican louisiana congressman also running for the senate describes a hypothetical single woman, gives her the name sharon, who's, quote, not on medicaid and might have a no good name for gaming the system. cassy writes, quote, sharon expects his neighbor could earn more money, work fewer hours or perhaps live out of wedlock so he and his girlfriend qualify for the taxpayer provided free insurance. the return of the welfare queen, the latest story on "national journal" and hits the hot spots. the fancy sports car with the fins. this is back to the '60s. babies galore in the car. a tin of caviar. aforementioned kings cab legs flying out of a whole foods grocery bag. paperwork for welfare, food stamps, paper for medicare.gov blowing in the wind there and last but not least, a obama/biden bumper sticker. bobby brown, and margaret carlson. i don't know if you laugh at the ridiculousness of it or s

>> guest: that man is ernst "putzi" hanfstaengel. that was his nickname, putzi. he had been a close personal associate of hitler's. he handled the foreign press for hitler. he was a pretty good pianist, and he was dubbed hitler's piano player. hanfstaengel was eventually driven out of hitler's circle by more ruthless nazi rivals, became fighting for his life, went to england, the war breaks out, and hanfstaengel is interned in a pow camp. he is subsequently sprung by one of fdr's personal agents, john franklin carter, who i mentioned earlier, and they bring him to the united states and they install him in a safe house in washington suburbs. now roosevelt is very interested in hanfstaengel because, first of all, he is half-american and he comes from a pedigreed new england family, and like fdr, he went to harvard. hanfstaengel's job is to provide the president with inside information on the cast of characters in the third reich and anything else he can provide of value. much of what he provides is--is more titillating than elevating he sent re--reports to roosevel

i understand that but ernst & young had an interesting report. being a payment system a lot more like paypal and real quick back of the envelope. what would it be worth if it took a paypal's market share. market cap 67 billion so you get -- you have 21 million bitcoins that is the max that can be out there. you get a bitcoin value of $1400 roughly which is a 59% increase from today's prices and if you look at something like google, average price target is 1100, that gives you 2%. >> hold on. >> every penny. >> stop people from using it as payment and negate that whole thesis -- if bitcoin prices went up 30% next month why in my right mind if i think it's going to keep doing that would i sell them to -- >> it's not a right mind trade. if you're listening -- it is not. i am completely betting on human psychology. >> this analysis is like all nice on paper. all fun to do but it's really just garbage is what you're saying because you're -- >> no, hobbsly because he's saying it's a momentum trade. just a momentum trade. so i don't care. 59% upside. i

when you begin -- and the depletion of some of the resources -- looking at the infrastructure demand, ernst & young estimates 57 trillion until 2030. the amount of money that could be lost and resources or that could be saved could make a huge deference -- difference in terms of the people the world. ideas like those are very, very interesting. we have to open up our mind to thinking this way and bring the people together. the discussion right now on the post-2015 new development goals is an opportunity. the point that this is cultural and the values -- i am asked, his corruption -- is corruption a cultural issue? i say, it is not. it is a practice. it becomes a practice as opposed to in the dna hearing -- i think corruption is a cancer. very virulent. we could go on. to think about it in those terms. go ahead. >> let me make a parable. i spent this time yesterday morning listening to the mayor of new york making a speech. about how new york is driving during his administration, which is true. when you look at part of what has happened in new york and the past 25 years -- in new york in the

dearspoke to some of my friends at ernst & young -- >> exclusive.iends in the accounting business. >> you always have friends in the accounting business, right? personally and professionally. has been studying this for some time and there are ins and out with a 900 pages, the devil is in the details but it is some of the rules, with 17 unique metrics, down to seven. one of the big concerns is the ceo's they have to attest to these things. it is like sarbanes-oxley. tremendouss complexity. i think it is going to slow the process down because there is this fear in this analysis that will have to go one within the banks. >> this is a critical point, the idea that nardelli will have to lean over the desk and put his signature on something facing potential civil or criminal wrongdoing's -- >> but at the same time he is not personal responsible, which is what a lot of critics push back on. notet me just say, you may be legally, but i will tell you, there is the spirit in the letter -- spirit and the letter. ien i was signing at 404, felt totally responsib

young islly at ernst & at the heart of discussion on how we watch tv, how we use our mobile devices,get our media. versed question, are these executives that are feeling or countable about the future, are they doing so because economic environment has improved or is it because of change? >> both. there've gone through such turbulence in terms of the whole stress of the 2008, 2009, 2010 timeframe moving into getting adaptive fuel to the business platform, a lot is taken place. today they're looking at stable for roughly economic growth, modest at best. some uncertainty if you look from a political front. but an acceptance of their business platform. i think there's a higher degree of confidence moving forward, more offensive, if you will, that defense of. >> yet when we look at the survey results, 74% of these media and entertainment executives expect he'll volumes to improve. yet only one quarter of them would pursue acquisitions. a i think the 74% is really reflection of the overall expectation in the m&a market, which has been very depressed over the past two years. the fact 25% sa

and he shocked traditionalists by bringing in outside analysts like ernst and young and mckenzie. >>ing to teach as a church, you want to be able to give an example of honesty. >> reporter: he sometimes comes off as someone's greatest grand dad, but some of his comments challenge accept it faith. on gay priests, he said who am i to judge? on women in the church, he said they are essential. do his comments signal a change in catholic dogma or are they just a change in style? >> they're certainly a style change, which is simplicity. but he's not -- he's not somebody who's going to be -- who's going to be throwing out core doctrine. >> reporter: this christmas week pope francis is stressing his core message, help the poor, help the homeless. but he ended his last public prayer before christmas with another seasonal message. have a good lunch, and see you soon. kristen. >> all right, martin fletcher reporting from vatican city. thank you. that does it for me on this hour on msnbc. richard lui is up next. i'm nathan and i quit smoking with chantix. when my son was born, i remember, you kn

but as a young man in paris, he joined with friends like max ernst and jean arp in the emerging surrealist movement of the 1920s. in his painting "the farm," miro's characteristic symbols and themes began to appear: serpenne shapes, checkeoard patterns, finitepace represented by the moon or a star. in 1922, he painted "the farmer's wife," the ancestress of countless female sbols that also became a continuing motif in miro's art. in 1924, his art broke free of gravitational constraints in theurrealc world of "harlequin's carnival." over the years, he developed his own personal symbolism, and in the 1950s, the scal his art grew with such works as a mural at harrd university and "the wall ofhe sun" for unesco in pas. as his work grew in size, miro continued what he termed "a process of simplification." he stated, "little by little, i have managed to reach a point at which i use no more than a small number of forms d colors." this process found a culminating expression the maquette for the tial gallery's tapestry. miro entered the project with much enthusim, stating, "i'll go into this and fig