wannabe wall street hot shots turn gekko into a hero, someone they want to be. >> -- say, yeah, gordon gekkore the reason i got involved in wall street, you're the reason why i'm here. >> douglas wanted the world to know that gekko was a crook. >> reporter: the new psa is part of the fbi's crackdown on white collar crime and insider trading. the bureau says securities and commodities fraud cases have jumped 52% since 2008 and billions have been lost. the fbi currently has 1,800 pending cases. today, the fbi released undercover surveillance footage, of white collar stings, so you can see firsthand just what greed looks like in a money laundering and insider trading case. >> you're not fbi or sec, right? >> who? >> the two of you, we're okay, right? >> i'm the cia. >> reporter: now gekko, i mean douglas, is asking wall street insiders to snitch on corporate bandits. >> if a deal looks too good to be true, it probably is. >> reporter: pierre thomas, abc news, washington. >>> gordon gekko gets his badge. and still ahead, the startling medical headline tonight about sleeping pills and the risk of

wall street are transforming now gordon gekko has a different message for the street and the f.b.i. has put him up to it will fill you with it and tell you what we think let's get to today's capital account. so let's recap what's going on over the weekend to paraphrase g twenty finance ministers met in mexico city they didn't come up with really any new a internationally to stem the eurozone crisis or to throw out it more pressure was put on germany to increase the fire wall and germany took that pressure went to parliament today and didn't do anything about that but they did vote to go ahead with greeks greece's bailout package but do you have greek bailout burnout because that's what we think you may be suffering from so why don't we take a look at just how hard hit some other western economies have been take a look at this chart this shows what year it is in economic terms in all of these countries how far back they've basically reverted economically looking at factors such as g.d.p. consumption stock markets housing prices unemployment now you can see there greece tops the list

and the man who played gordon gekko says greed is bad.ley morrison is here in new york with more on that. good morning, ashley. >>> good morning. tokyo's nikkei gained 1%. while hong kong's hang seng rose more than 1.5%. on wall street investors will get home prices. the dow lost a point, while the nasdaq gained 2. >>> an attempt by some airlines to raise prices isn't getting off the ground. big carriers like united and continental are rolling back some of their $10 fare increases they made last week. they made that decision after carriers like southwest would not match the increase. >>> the federal government is accusing bank of america of discriminating against disabled borrowers. the department of housing and urban development says b of a posed some unnecessary and burdensome requirements on loan seekers who are relying on disability income. bank of america said it did not engage in a systemic practice of discrimination. >>> and michael douglas is helping the fbi fight insider trading. he's appearing in a public service announcement. h

recorded with co-star and running mate gordon gekko. ♪ oh secretive swiss banking laws ♪ ♪ for massivecounts >> you'll get the songs that touched your heart. ♪ should past positions be forgot and never thought abouon♪ ♪ so once i was a moderate it's past and gone ♪ >> go to romney gekko. make sure you have your gold card and start spending. >> wow. that's courtesy of the democratic leaning group that has made a point of aligning mitt romney with the fictional wall street character gordon gekko. next up, michele bachmann, the former presidential candidate, took to the stage at cpac yesterday and talked about her days on the campaign trail. ones she said could have used a do-over, she said. let's watch. >> running for president of the united states is really one series of humiliations after another. i learned three things when i was running for president. first of all, i learned where john wayne was born. that's very important. and then second, i learned the day that elvis presley was born. these are vital issues to our republic. and third, i learned, never forget the three things that y

to see wannabe wall street hot shots turn gekko into a hero, someone they want to be. >> yeah, gordon gekkolved in wall street. you're the reason why i'm here. >> douglas wanted the world to know that gekko was a crook. >> reporter: the new psa is part of the fbi's crackdown on white-collar crime and insider trading. the bureau says securities and commodities fraud cases have jumped by 52% since 2008. and billions have been lost. the fbi currently has 1,800 pending cases. the fbi released undercover surveillance footage of white-collar stings so you can see firsthand just what greed looks like in a money-laundering and insider trading case. >> you're not fbi, you're not s.e.c., right? we're okay, right? >> cia. >> reporter: now gekko, i mean douglas, is asking wall street insiders to snitch on corporate bandits. >> if a deal looks too good to be true, it probably is. >> reporter: pierre thomas, abc news, washington. >> mm. it's funny how time changes a little bit. here he was this emblem of greed, and now the times have gotten so rough and the swindlers on wall street. but the real tragedy

service announcement based on his most iconic character. >> in the movie "wall street" i play gordon gekkon gekko, the ruthless criminal corporate raider who slashed companies to shreds, ruining innocent lives, and infamously declaring -- >> greed, for lack of a better word, is good. >> reporter: douglas played gekko as a world-class villain. but he told the fox movie channel he's been shocked to see wannabe wall street hot shots turn gekko into a hero, someone they want to be. >> yeah, gordon gekko, you're the reason i got involved in wall street. you're the reason why i'm here. >> douglas wanted the world to know that gekko was a crook. >> reporter: the new psa is part of the fbi's crackdown on white-collar crime and insider trading. the bureau says securities and commodities fraud cases have jumped by 52% since 2008. and billions have been lost. the fbi currently has 18 pending cases. the fbi released undercover surveillance footage of white-collar stings so you can see firsthand just what greed looks like in a money-laundering and insider trading case. >> you're not fbi, you're not s.e

bring some of mitt romney's hits recorded with costar and running mate gordon gekko. ♪ oh secretive swisssongs that touched your heart. ♪ should past positions be forgot and never thought about ♪ ♪ so once i was a moderate ♪ it's past and gone make sure you have your gold card and start spending. >> that's courtesy of the leading group that made a point of aligning mitt romney with the fictional wall street character gordon gekko. michele bachmann, the former presidential candidate took to the stage yesterday and talked about her days on the campaign trail. she could have used a doover. >> running for president of the united states is really one series of humiliations after another. i learned three things when i was running for president. first of all, i learned where john wayne was born. that's very important. and then second, i learned the day that elvis presley was born. these are vital issues to our republic. and third, i learned never forget the threeç things that u learned. very important when you're running for president. >> the last one was in reference to rick perry, and finally

. >>> who better than gordon gekko to fight greed? michael douglas is in a new campaign on insider trading. he asks for those with knowledge of these crimes to report them. >> i love seeing that old school cell phone. >>> your next car may have a rearvie cram in it. the announcement is expected to be thaed that all cars will be required to be made with them by 2014. >>> maybe the rich are not just like you and me. the wealthy are more likely to lie, cheat, ignore driving laws and even take candy from a baby. the more people have, the more they want. >>> on the other hand, ihop is giving away pan kax today. it's national pancake day. the chain hopes you'll make a donation to the children's miracle network hospital. good breakfast for a good cause. >>> a tough showing for danica patrick in daytona. >>> and the latest in the help for the battle of the bulge. machine that works out for you. and then at 3:15 with my guilt. [ female announcer ] special k cracker chips. 27 crispy chips. 110 delicious calories. mmm. good meeting. same time to

gordon gekko was wrong. he's telling that on wall street to anyone willing to listen.yen tells us how he's switching roles. >> greed for lack of a better word is good. >> reporter: in the 1980s michael douglas was the fictional face of "wall street excess." >> i played gordon gekko. >> reporter: now the actors who gluttonous portrayal of gordon gekko took home the oscar in 1987 is trying out the new role, fbi informant. >> the movie was fix, but the problem is real. our economy is increasingly dependent on the success and integrity of the financial markets. >> reporter: yesterday the fbi announced douglas will become the newest face of their campaign "perfect hedge" which has success employ caught 57 and is targeting 21 more suspects. >> if a deal looks too good to be true, it probably is. >> reporter: douglas who said he was startled by the positive response he received will now urge traders and managers on and off the street to report fraud to the fbi. >> for more information on how cow can help identify securities fraud, contact your local fbi office. >> reporter: "

the fbi's newest spokesman is none other than gordon gekko. does that seem odd to you?hey, mandy. 25 years ago he burst on to the big screen and into the american c consciousness. immortalizing these words. >> ladies and gentlemen, that greed for a lack of a better word, is good. greed is right. >> the man who brought the stock swindling gekko to life michael douglas putting those words to good use about the dangers of insider trading for the fbi. >> that movie was fiction. but the problem is real. our economy is increasingly dependent on the success and integrity of the financial markets. if a deal looks too good to be true, it probably is. >> the fbi's saying the oscar winning actor eager to change roles fueling he received unwarranted acclaim. >> people coming up to him high-fiving him shaking his hand as if he was some type of hero rather than a vaillain he playe on wall street. and he was happy to speak on behalf of the fbi so that everyone understands that insiders trading is a crime. >> the fbi has arrested more than 60 people over the last three years on insider

fifteen minutes could save you fifteen percent or more. >>> gordon gekko is changing his tune.l insider trader made these words famous. >> greed for the lack of a better word is greed. greed is right. greed works. >> well, these days, the character made famous by michael douglas is working with the fbi. alison kosik, what is behind this unlikely pairing? >> deb, you know what? maybe greed ain't so good after all. in fact, it could land you in jail. for 25 years, gordon gekko, he's been the epitome of a sneaky crook, as you said it, he's trying to help the fbi catch criminals just like him. he put out a new 30-second psa featuring the actor michael douglas. and douglas today, and he says the movie is fiction, but the problem is real. he asks that viewers should contact the fbi if they think there's been a financial crime committed as part of an effort to crack down on insider trading. the fbi has put quite the force behind this. it's hired 250 new forensic accountants, got almost 250 convictions last year, and sometimes you know what, deb, it takes a thief to catch a thief. >> a

leaned on gordon gekko himself or the actor who played him in the "wall street" movies to help fight financial crime. the agency used actor michael douglas in a new public service announcement warning investors about deals that are too good to be true. >> tom: here's what we're watching for tomorrow. we'll see the latest numbers on durable goods orders to see if that washing machine you bought in january is adding to the economy. and we'll get the latest on home prices with the s&p case schiller home price index for december then, when it comes to the economy and politics, there's often a lot of talk. we look at campaign promises versus political realities. that's "nightly business report" for monday, february 27. i'm tom hudson. goodnight everyone and goodnight to you, too, susie. >> susie: good night, tom. i'm susie gharib goodnight, everyone. we hope to see all of you again tomorrow night. "nightly business report" is made possible by: captioning sponsored by wpbt captioned by media access group at wgbh access.wgbh.org

so go report those insider trading schemes that you're suspecting because i used to be gordon gekko in the eighty's in a movie where i was saying greed is good now they have enlisted me to say that greed is bad and we have a number to go with those threats the f.b.i. is currently building cases on reportedly one hundred twenty people for alleged insider trading since two thousand and nine they have fifty seven convictions or guilty plays please out of about sixty six charge individuals the big question here for me is how come the f.b.i. has been successful and busting people for insider trading all these fifty seven of them since two thousand and nine but they can't build a single case against somebody for the financial crisis and any kind of allegations of corruption that went on there i think the answer what is it will be. so widespread these people rob for a living so that's where they're putting michael douglas is a comical farce obviously this is a joke on i was going to call douglas was wall street's gordon gecko call corporator mr insider trader and now he's telling us greed is

gordon gecko role in 1987. now the s.e.c. is using gordan gekkosaying if you're an outside trader we're going to get you. listen to the new psa he has now. >> -- is good. greed is right. hello, i'm michael douglas. in the movie "wall street" i played gordon gekko, i agreedy investor who cheated profits while innocent investors lost. our economy is dpiependent on t success and integrity of the financial markets. if a deal looks too good to be true it probably is. for more information on how you can help identify securities fraud, contact your local fbi office -- >> that's for the fbi, not the sec and i can't think of a better spokesperson or someone who catches more attention. whistle-blowers, hard to make it sexy until you put gordon gekko in. >> michael douglas, people would constantly and say god gordon gekko, i got into the business -- you always have to say it was a bad, and when you say -- every time you say psa to a man my age, psa i think of prostate specific antigen. i winced a little, mine's fine but all men eventually -- >> he finally ge

gordon gekko works for the fbi, kind of. why is he doing this about h-fa? that's next.use they don't take it with food. switch to citracal maximum plus d. it's the only calcium supplement that can be taken with or without food. that's why my doctor recommends citracal maximum. it's all about absorption. to help protect your eye health as you age... would you take it? well, there is. [ male announcer ] it's called ocuvite. a vitamin totally dedicated to your eyes, from the eye-care experts at bausch + lomb. as you age, eyes can lose vital nutrients. ocuvite helps replenish key eye nutrients. [ male announcer ] ocuvite has a unique formula not found in your multivitamin to help protect your eye health. now, that's a pill worth taking. [ male announcer ] ocuvite. help protect your eye health. [ male announcer ] ocuvite. vacations are always wasn'ta good ideaa ♪ priceline negoti - - no time. out quickly. you're miles from your destination. you'll need a hotel tonight we don't have time to bid you don't have to bid. at priceline you can choose from thousands of hotels on sal

. >> who better than gordon gekko to fight corporate greed.fbi enlisting the help of michael douglas in a new campaign against insider trading. he asked those with knowledge of the crimes to report them. >>> your next car may have a rear view camera. all passenger vehicles expected to have them by 2014100 children a year are killed. >> -- ihop is giving away pancakes, in return the chain hopes you will make a donation to the miracle network hospitals. >>> 5:14. a vote by south bay supervisors today could keep new payday lenders from opening in santa clara county. the measure would implement a temporary moratorium on the establishment, expansion or relocation of payday lending and check cashing businesses. critics say the businesses prey on the most financially vulnerable by charging exhorbitant interest rates. >>> airlines are raising airfares again united and continental $4 to $10 for a round trip ticket american, dell tan and us air ways have matched that. -- higher crude oil prices are one major factor in the price hikes. >>> one location,

chosen gordon gekko aka michael douglas to do a little public service announcement that you just played for us. douglas is talking and he says it is movie is fiction but the problem is real, and the problem he's talking about is insider trading. and although it's glorified in the movie "wall street," the psa reminds people that insider trading is illegal, and he asks viewers to report any suspicious insider activities, and it's relieving to see him do a whole turncoat thing in this ad. brooke? >>> a lot of news happening. watch this. >>> just minutes from now, ohio's school shooting suspect, t.j. lane, will be in court, and we now know just in the last hour we have found out that the weapon used in the shooting was a ..22 caliber handgun, and authorities said he told authorities he stole the gun from his uncle. more on that in a moment. witnesses say teenager t.j. lane has shot five people in the chardon high school cafeteria. this was monday right around 7:30 a.m. students daniel parmentor, russell king and demetriu demetrius hewling were killed. two other kids are still in the hospita

it looked like a ken doll next to gordon gekko. you reinforce both of romney's problems.is awkwardness and stiffness. and the notion that he's out of touch. and i agree that he can't become the champion of the middle class, but he can't look like a guy who doesn't care about the middle class, doesn't care about the poor and thinks only in these very large terms about firing people, about reorganizing companies. he's going to have to defend that business record and he is still going to have to put out the 2008 and 2009 taxes in which i suspect he played little or nothing which is why we haven't seen them yet. >> mark, wouldn't you if you are a candidate, a day after he had this big win in florida and this gaffe about poor people, if you are going to do anything today, wouldn't you get some people that represented the middle class to come out and endorse your candidate? if you had to go and get somebody from anywhere that at least looked like a blue collar worker or related to working for poor people if you are going to do any endorsement. that would be the next move today,

. >> we're seeing, of course, president obama playing the gordon gekko line with mitt romney, the politics of this are very interesting. on tuesday night, we thought we saw a different romney. but since then, he's confused conservatives with his poor remarks and today he's embracing the circus of donald trump. doesn't help him with the general election and with conservatives, it's a strange situation. trump is probably the most unpredictable surrogate any campaign could ask for and now romney's going to have to be answering questions about what donald trump said yesterday, it's a little bit of a mess. >> joe scarborough, is costa right? is he responsible for donald trump's statements? is that the way this is going to work? >> well, that's how the mainstream media's going to treat it moving forward. and again, i've got to question the timing of this endorsement. first of all, polls have shown that romney's going to win nevada by 20 points, 25 points already, why do you have the day this poor statement comes out donald trump coming out on stage, a billionaire that bathes in money, wants peop

gordon gekko was wrong.wall street fbi office. >> reporter: "cbs this morning," betty nguyen, new york. >> do you think that will work? >> i don't know. we'll wait and see. >>> a cruise ship crippled in pirate-infested waters could arrive on thursday. >> it's now being towed to the -- charlie is in london. good morning. >> reporter: good morning. we spoke with the seychelles office who confirmed they're towing the ship to the main island which could take another day, whishow passengers and crew gathered on deck of the crippled krusz liner as it drifts on the ocean. it's in a region prone to attacks by somali pirates. international forces have been battling pirates in the area since its spike in attacks two years ago and an armed anti-pirate unit is providing some protection until a military escort can get it back to safety. it's been stranded at sea since a fire broke out in the engine room yesterday afternoon. eight americans are among the 680 passengers and 132 crew members on board. there's emergency ligh

gordon gekko now saying greed not good.d gekko is now helping the feds tackle fraud and h made this psa for the fbi. >> hello, i'm michael douglas. in the movie "wall street" i played morgan gekko, cheated while innocent investors lost their savings. the movie was fiction but the problem is real. our economy is increasingly dependent on the success and the integrity of the financial markets. if a deal looks too good to be true, it probably is. >>> the fbi also announced that in the past fiscal year 241 corporate criminals were convicted and it secured $2.4 billion in restitution for victims. >>> all beautiful beaches and sunny weather apparently making life brighter for hawaiians. a new gal lum well-being poll shows it's the happiest place to live because hawaiians are less stressed and depressed than people living in other parts of the united states. they report better eating and exercise habits which helps boost their mind. that's a really big surprise. >> yeah. guess what, if i lived in hawaii, i would be happy, too. >>