. >>> and we are back on our world tour with jeff sachs, richard haass, rana foroohar and andrew roberts. there's a paper floating around the internet that looks at austerity programs for 100 years and points out that they always seem to have some relationship to rioting, that every time you start cutting budgets, you have rights. does that seem plausible to you? >> i think we should see the british riots in the context of a lot of unrest in a lot of countries. this has been a very, very shaky spring all over the world. of course, it's the arab spring so-called, but that's spread to israel with hundreds of thousands of people in the streets. the british riots are obviously a distinct phenomenon, but i think they're part of this and i wouldn't be surprised if it comes to the united states in one way or another. we already had tens of thousands, hundreds of thousands of people out in madison earlier this year. there's a lot of unhappiness in a lot of parts of the world right now. it can manifest itself in hooliganism as in the uk. it can manifest itself in massive political demonstrations.

interviewed and they were looking to use the martin act to charge time around oh jeff first lies are now works at goldman sachs and mike nuremberg who now works and make america explain the art lacked the money that's what eliot spitzer was famous for that's what he went after he unless they can rebut it it's very wide sweeping it's basically saying you know if you've committed any form of fraud. we're going to charge you with this and make it a criminal. i can tell you that it's now the new york attorney general who is extremely active in his investigation and there seems to be the evidence that he's collected from a documentary filmmaker who has just finished a movie called the confidence games name is nick verbinski it's about the pride in stead of bear stearns and he has hours whistleblower tapes and edited tapes that i know the agency is looking at now. additionally what's more interesting is one of our whistleblowers names now bando and he's in my in the atlantic story and he's in nick's moving now and actually agreed to testify against bear stearns in a few weeks before he went out and his deposition. h