>> well, i like it in the sense of what liz ben says, have allies fund part of this.ne thing made, a bond is a tax. a dollar is a dollar no matter where you take it from. if we're going to do this and it would be ill-advised, cut spending elsewhere as rich said, these we can say national defense is a constitutional purpose, the government cuts spending elsewhere. don't raise bonds and weaken the economy that way. it's every bit as much as a tax add -- >> compulsory, a bond something people choose to buy or not. correct? >> if you have a low tax rate regime in the seths of monetary policy you have a stronger economy and can indeed take on more debt as we've seen throughout history. strong economy, you can take on more debt for the things that you need to do. by the way, on u.s. weakness, in the 1930s and 1970s when we were seen as a weak nation, bad forces rose up. a strengthened economy has that intangible very real asset in the world when people see strength they respond to it. >> that's the way to prevent wars. have a strong defense. thank you very much. >>> from th

queen liz ben release add statement after the vote saying thousand as we move forward we should remember despite the range of views that have been expressed we have a common and enduring love of scotland which is one of the things that helps to unite us all. knowing the people of scotland as i do, i have no doubt scots like others throughout the united kingdom are able to express strongly held opinions before coming together again in a spirit of mutual respect and support to work constructively for the future of scotland and, indeed, all parts of this country. >>> still ahead here on cnn, confessions in aing should shocking case from bali. new developments in the suitcase murder story. completely unbelievabowl... totally delectabowl. real silky smooth or creamy broths. everything she's been waiting for. carefully crafted with real seafood, real veggies, and never any by-products or fillers. wow! being a cat just got more enjoyabowl. fancy feast broths. wow served daily. >>> go back, everybody into the park. >> that is a man running into the white house after jumping that fence right ther

liz: and ben bernanke, the three people who made the decision to bail out -- >> to bail out the firmsincipals in charge of the financial crisis. now, i will say two things here, i think there's a 50/50 chance -- hank thinks it's more, i think this is 50/50, maybe even less than that. the aig board did vote for the bailout. i guess they could have not voted for it and gone into bankruptcy, but, you know, they voted for it. liz: could have been coerced. >> yeah, we'll see. we'll see. liz: and you know what happened with -- >> hank was telling everybody take it or leave it -- liz: merrill lynch and bank of america. i mean, a lot of people are saying bank of america had a gun held to its head. >> we'll see. but there's no doubt that the terms of aig were a lot more onerous than the other ones. that's the other thing. liz: painfully onerous. >> i'm going to tell you this, here's what's going to be fascinating, liz. it's going to be fascinating to see those three guys on the stand and admit just how flat-footed they were during the financial crisis. if you read the depositions, which i have

robert ben lochet. liznnounced he is stepping down, because he's not well. >> and william dunnly, the new york fed pres. liz. the press around this is going to be wild. he's suing the u.s. government for a bailout? is he nuts? they bailed him out. federal government basically took a huge chunk of a firm that didn't need to -- and it didn't need to be that way. this bailout essentially could have been carried out without such onerous conditions on the shareholders of aig. that's what he's going to say, like i said, i haven't met a single reporter who thinks hank greenberg is anything but a crazy guy bringing the suit to sue the government for bailing out aig. liz: without shareholder approval. they did feel it was going to go under. hank felt there were 20 ways to get out of it. >> if you compare the bailout of goldman sachs for z: 100 cen. >> it wasn't the same. scot-free, it's back up, and aig is a shell of what it was. we're going to hear the arguments in the coming weeks, it's going to be wild, the case

thank you ben nell c david hayman is a successful biog grapher for 30 years. he's profile jackie onasize is liz taylor and joe and marilyn was published in july. according to my next guest, his books are not worthy for another reason. they are littered with fabrications and made-up stories that sells books and has no basis in the truth. let's bring in ka couple of guests. he wrote the upcoming cover story. entitled "pulp fiction", david, according to you news week piece this guy has made up things for a long time. you wrote about his fabrications in 1993. i didn't know about the story, how did he get away with it. >> it's an important question. in 1983 he wrote a book about barbara hutton, claiming he spent many trips and hours with her, and she had given him personal books. he had no notebooks, recordings, cary grant and others tole me things were not true, and he had made up material that came from another author who told me he had made up his stories about it. i was astonished that he published all the books, the last four through the books division of c.b.s., a - you corporation. >> didn't

liz: that's exactly, that is exactly what he's doing. you are 100% right, peter, and you know this and i know rich knows this, mario draghi went to mit and studied economics as did bene who studied economics. so it's almost like he's following bernanke. they were both taught by stanley fisher who's now at the federal reserve, right? >> reporter: that's right. but also i want to tie these stories together. draghi said in his press conference that geopolitical risks that rich was talking about could hurt business and consumer confidence in europe which could hurt its economy which is another reason it made that move ttday. liz: yeah. that's very true. good to see both of you. thank you so much for staying on the story. well, initially, investors absolutely loved the ecb's move to pump money into the eurozone's weak economy and initially celebrated. right out of the gate u.s. indices shot up to new intraday, all-time hays. but then you see what's happening on our screen, every single major index is lower, the transports still seeing gains at the moment. let's get right to the floor show. traders at the new york stock exchange, cme group and the nymex. teddy, to see suc