then that leads right into our friend john corzine with m.f. global. he had major political ties.'s ties here everywhere. $1.6 billion is gone, and no onç knows why. >> greta: his old law firm is probably 500, 600 lawyers, not like his sister, brother and cousin and everything. >> of course, but again it seems that it doesn't smell right. you know, someone that -- the trustees' report comes out, and it's replete with]/v: contradis of what john corzine said in committee. you look at a pattern, with the ap, the fox reporter, at this point i don't see how the american people have confidence in the department of justice. this is overlapped with all types of scandals at the white house level. so when you look at all of it -- i actually think it helps the president at this point for the attorney general to step down. >> greta: in terms of the testimony before -- i'm sort of stuck on his testimony. i want to know why he made the statements he did on the 15th of may, whether he misled, lied, told the truth, whatever. do you want him to explain that. >> i think at this point he has to. li

john corzine took $1.5 billion from segregated accounts. 2011 and i hear you saying things like atta wanted to get in the way of the investigation. the facts have come out. at what point are you going to be suspicious the facts all come out? 2011 mr. corzine has yet to be charged and it's a crime to take out money from segregated accounts. if you take a look at the gsa conference, the doj typing up a few phones. maybe we don't talk about doj typing on a search on phones. and his parents was a co-conspirator says guilty and i wonder what his parents were accused of. so we are sitting here today, understanding the administration had no knowledge of the circus dances, not even a benghazi and where to sit here and take one of these artful answers that she give. myself, i don't know. but i'm going to ask about the war on the poor that this administration has engaged in driving interest rates to zero, you're decimating the people who have no financial sophistication. these are people eight times more likely to have money in bank accounts. the aging, the elderly. they're the people come out

. >> one of the points, if i could really quick, for instance, john cor cy corzine was early with the italian bet and unfortunately got really screwed up with that. that marked the high watermark in terms of yield. the low watermark in terms of where those bonds were. same thing with the jpmorgan whale trade a year ago. when as josh said, people were holding that market artificially low. i think those kinds of things are what people at this conference look to take advantage of. where is the disconnect. if the people aren't pricing properly. >> you're going to be joining dinner tonight. we had some of the legendary hedge fund managers. one of the things i've been promised is great ideas. so we're going to get the best ideas from everybody. you know lee cooperman, he's already writing down stuff. >> lee will spend time with us tomorrow. >> he had his dictate-phone out on that. >> willing to share some great ideas with you, which is the great byproduct cnbc being here to broadcast that. learning about how to make money in the current environment. let's bring in our next guest. brian shap

. >> so, john, i remember four years ago when he was running against jon corzine. gave him a chance to win that race. i remember talking to a good friend of his a year after he was in new jersey. he said i have known chris most of his adult life. i don't recognize this guy. i never thought he would be this effective. this is a guy that has surprised friends and political observers alike the last four years. >> it's stunning. >> to me a fine ad if you're running for governor of new jersey but it fits unmistakable what we assume are his presidential ambitions in 2016. to me the ad is interesting because it somehow merges two distinct strands of governor christie's appeal. a lot of republicans like him he is a tough guy conservative and willing to take on big spend liberals and other team like him he doesn't really care that much about ideology. those two ideas are kind in contention with one another pthink what this ad does is merge the two and reconciled them and exactly what he needs to do in a presidential race in 2016. >> al, we were down in asbury park. we are b

corzine has yet to be charged. it's a crime to take out money from segregated accounts. we could take a look at the gsa conference. tapping of ap telephones. doj tapping of mr. johnen's telephone and his parents. they said he is a co- conspirator. the co-conspirators says guilty. i wonder what his parents were accused of. we are sitting here today understanding that this administration had no knowledge of any of these circumstances, not even of benghazi. -- i thinkit here one of my colleague said we are us to sit here and take the artful answers that you give. myself, i don't know what i'm calling to ask about is the war that thisor administration is engaged in, and driving interest rates to zero. you are decimating the people who have no financial sophistication. these are people eight times more likely to have money in just bank accounts, the aging, the elderly. they are the people who come to my town halls and say i live my life correctly, i bought my home, i have a savings account, i was expecting that i could live on my savings and now i'm having to dip into it because i get no interest every month. this administration continues to , theits war on the poor e