and others went to jail and i believe jeff skilling going to be let out of jail early because as part of the corruption that we're talking about the judicial system is corrupted by these bankers as well now flash forward to j.p. morgan what do they have off their balance sheet on these special purpose entities accounts not eighty billion but ninety trillion ninety trillion in derivatives they have more off the balance sheet and derivatives than the entire g.d.p. of planet earth they keep it afloat with artificially low interest rates thanks to the corruption of janet yellen the federal reserve bank and such a bank. around the world and accounting fraud not arthur andersen because they have already been put out of business but the big four that are left are too big for accounting firms are unable jamie diamond's off balance sheet and run like scandal now of course with enron famously when the audio clips were played of their phone conversations they were making fun of ripping off granny and california well the same thing here is not only did they use that same exact to j.p. morgan you

today on larry king now a skill winner jeff bridges the dude opens up other know lester is career became typecast just before that i was the dude you know sort of go from the dude to the prez you know that's pretty cool that gives me a lesson in the art of zen holdings a love like zen in the art of archery you know before you even throw the ball the pins are down it's how your mind is set plus using if you're paying attention to your breath if you're going with this it really larry put in the words in the book colors aslan reason oh no go back you believe you know all next on larry king now. we're in a place of my boy well brooklyn where they used to travel up the hill wanted to visit central park trump of course block the r.v. look for a little have a nice one anyway of the parking lot with one of my favorite people to tour for that the jet bridges academy award winning he stars in this summer's alright the day it opens this friday night he's opposite ryan reynolds are i b d stands for rest in peace police department right wrist the peace department rest in peace the part some people ar

> welcome back to "squawk on the street" i'm scott cohn in the cnbc newsroom with an update on jeff skillingast year. as of today he's serving his time in slightly nicer accommodations, he's arrived at on the grounds of maxwell air force base in montgomery, alabama, there he joins 800 other inmates that provide support services for the base. he's 60 years old. the federal judge who originally sentenced him to 24 years in 2006 agreed to reduce the sentence after skilling agreed to drop his remaining appeals and turn over some $40 million in restitution. time off for good behavior, skilling could be out in 2017 after serving a little over ten years for conspiracy, fraud and insider trading in enron's epic 2011 collapse. carl? >> a case you know well, scott, scott cohn back at hq. >>> for a little over a week people in colorado have been able to buy recreational marijuana and now the demand is so high, we could be facing a pot shortage. jane wells heard about it and raced to denver to get the real story. good morning, jane. >> reporter: they are calling it reefer sadness. the first store that o

today on larry king now a skill winner jeff bridges to do it opens up other no less for is career theycan typecast you just before that i was the dude you know sort of go from the dude to the prez you know that's pretty cool i'd like that gives me a lesson in the art of zen folding is a love like zen in the art of archery you know before you even throw the ball the pins are down it's how your mind is set plus so using your you know paying attention to your gravity here comes with the suit really larry king on the ropes in the air with the colors of swimmers i don't know going back you bring you know all next on larry king now.

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