> the evidence indicates that effort and money have been expended to cover moral failure. >> if jim bakker money, what else has he been doing with the ptl money? >> do you worry about the investigation? >> not at all. history will prove the bakkers were honest people. >> we interrupt this for a special report. >> jim bakker, the defrocked head of the ptl ministry, has ounden fuilty on all 24 counts of fraud and conspiracy by a jury in charlotte, north carolina. >> he kept selling lifetime partnerships at heritage u.s., even though they were oversold. the heritage grand hotel could only accommodate 25,000 partnerships but 65,000 were sold. and for the bunk house partnerships, about 7,000 were sold for a building that had only eight rooms. >> jim and bakker's ptl club was sent $15 a year. >> i don't have enough to even live on. >> bakker could be sentenced to 120 years in prison and fined over $5 million. >> i would say i feel sad, but encouraged in god. >> tammy bakker said she can best describe her feelings in song. ♪ on christ the solid rock i stand ♪ ♪ all other ground is sinking sand ♪

look, from selling indulgences and saints' heads to jim bakker and the 700 club to ralph reid's weirdonnections to jack abramoff, christianity has always been a fine environment for eager entrepreneurs. but this bunch, i mean, that's a lot of dough they're talking about. >> yeah. >> and they seem to be pitching themselves at the elderly and the terrified, or the terrified elderly. and that i find not exactly consummate with the gospel. >> not quite what jesus preached. >> no. >> frank schafer, you come from this world. and i'm wondering why this is so effective. you think about the fact these are people making exorbitant sums of money. let's just look at some of the family members. mr. sekulow's brother gary, the c.o.o. and cfo of case, $2.6 million for him. adam sekulow, his nephew, $518,000. logan sekulow, his son, $471,000. jordan sekulow, his other son, $137,000 according to the "washington post." and just overall out of $229 million raised by these organizations between 2011 to 2015 $5.5 million going to members of the family, $23 million to their firms. why do people in the chri

indeed, i think we will see very serious repercussions and midterm elections here in this is not jim bakker'so late. if you remember that george bush had a 30% approval, and lost huge in 1994. a have time to correct it, they need to get policy done. they need to focus on tax reform, economic growth, and job creation. how does this translate into your world, is there any hope of trumpflation. >> i think the gridlock is not growth positive and that is a big concern for us. we also hope that we get to see some tax reform, because that would be that -- the infant is to help boost growth. i think policymakers are hoping for and investors are hoping for. the ongoing gridlike -- gridlock , it is ok for now, but you need a tangible improvement. otherwise, the markets start to give up. the potential for deficits means higher funding needs on on top of already large funding needs probably pushes the bonds higher as we going to next year. nejra: what does this mean for corporate debt already at high levels, how do you trade around that? george: i think you have to be careful in the corporate bond world.

and not to get that extensive treatment what about jim and tammy faye bakker? jimmy swaggart? is an interesting group. >> with that civil-rights movement in the '60s and its effect. >> that's quite right and i should have mentioned at the start with all of those irritations from the christian right movement even though people did not mention it at the time there was a huge segregationist at the southern baptist convention. it is a mentioned any longer but it is all about morality. certainly about the civil-rights movement and the disruption in the hierarchy of society when society was becoming chaotic . so those ahead of the first baptist church in to be a major segregationist end began to talk about integration and people that day had to worry about. and even part of this disruption like those on the campus so these parallels raid in without ever having to say a. in with this segregationists' schools. but what the operative said the rise of the christian right with the u.s. taxes regulations and with that certain extent. >> i was raised in the evangelical church and at a cros