messier took a water utility and turned it into a multinational media.s its share price soared, so did his ego. he called himself master of the world. but first pride, then the fall. the purchase of universal film studios cost a fortune, and then the dot come bubble burst, and it collapsed. he has been convicted of criminal charges in relation to the universal disaster. the court found that he deliberately misled the market about the company's true financial things and that his 20 million euro golden hand shake was a misuse of funds. >> we just don't understand the steps taken by the court, in particular the miss use of public funds, when it was established that not one cent went into messier's pocket. >> for the shareholders who launched the action against him, it is an important if belated victory. >> the court was not unfair. it heavily sanctioned mr. messier and certain other employees for committing a serious crime, the crime of insider trading, meaning taking advantage of information and using it to the detriment of the company of which we are shar

this time around it's likely to be a lot longer, a lot messier, and there may be some openings in here for people that we're not thinking. >> that good for obama or not? >> it depends on whether the problem for him two years from now, which is what it is now, bringing back independence. the republican primary process may push the party to the right in ways that would make it more difficult. certainly that's what the white house is hoping. >> does that leave obama with a fairly clear prance to the democratic nomination without any democratic challenges? >> i don't think he'll get any serious challenge from the left. he's really done -- in "the american president" there's a great line where michael j. fox says that high approval rating isn't worth anything unless you take it for a spin every once in a while. i think pool -- i think president obama took it for the biggest spin. i think he will have to recalibrate. >> his approval by the way is still higher then either of the two political parties. >> and been quite steady at around 50%. >> if republicans go to the right and obama is still

you know this will get messier. >> what a nasty accusation to throw out there. that's crazy. and now the accusations. oh. she's making a mess on that show, too, "real housewives." >> isn't it fascinating to see the way they live? with the four nannies and the two kids from surrogate. >> our heart bleeds. ves." >> isn't it fascinating to see the way they live? >> our heart bleeds. ives." >> isn't it fascinating to see the way they live? >> our heart bleeds. lunesta helps you fall asleep and stay asleep, so you can wake up feeling rested. when taking lunesta, don't drive or operate machinery until you feel fully awake. walking, eating, driving, or engaging in other activities while asleep, without remembering it the next day, have been reported. abnormal behaviors may include aggressiveness, agitation, hallucinations or confusion. in depressed patients, worsening of depression, including risk of suicide, may occur. alcohol may increase these risks. allergic reactions, such as tongue or throat swelling, occur rarely and may be fatal. side effects may include unpleasant taste, he

. >> it's not just dissatisfaction, but a messier process than what the republican party is used to.s of 2012 over 2008 is going to be the voice that ordinary voters have through facebook and twitter. it has revolutionized people's access to a megaphone. it has given them a very strong possibility to say actually we're not satisfied with any of the people that the establishment in washington has presented to us and that we can mobilize and say who we want. we can say with this extraordinary medium we have. that's going to change the way that the nomination process happens and make it much easier for a populist to come in from the outside. >> stephen carter, we talked about haley barbour, and he has had an interesting week. >> that's one way to put it. >> the scott sisters in mississippi who were incarcerated on robbery charges, a lot of people thought the sentences were way too harsh. because of a kidney situation with jamie scott, could be donated by her sister, the sentences were suspended. governor barbour saying too much of a medical cost to the state of mississippi and that this

host: you also talk about a third narrative that you subscribe to, a messier story that emphasizes bothicy and super vision. were there enough bubbles and sort of strange economic activity going on outside of the u.s. that had someone been paying attention they could have seen that it was coming to our shores? host: there was an active debate. if you go back to 2005, 2006, 2007, was it a bubble, was it sustainable? people were looking but no one i think grasped in the moment the magnitude and potential fallout from this. and the reason we're nervous about simple explanations is while they're appealing and you can go on tv and do them, it leads you do you know the wrong path. the one there says it's wall street greed misses the fact that fannie mae and freddie back were ordered to do some things. the orts one that says we have to regulate less misses the problems that mortgages were given to people who could not repay them. and the entire focus on the u.s. miss the fact that in england we had failures of big banks and the government had to take them over in the same way we had a bailout.

host: you also talk about a third narrative that you subscribe to, a messier story that emphasizes both global and failures in u.s. policy and super vision. were there enough bubbles and sort of strange economic activity going on outside of the u.s. that had someone been paying attention they could have seen that it was coming to our shores? host: there was an active debate. if you go back to 2005, 2006, 2007, was it a bubble, was it sustainable? people were looking but no one i think grasped in the moment the magnitude and potential fallout from this. and the reason we're nervous about simple explanations is while they're appealing and you can go on tv and do them, it leads you do you know the wrong path. the one there says it's wall street greed misses the fact that fannie mae and freddie back were ordered to do some things. the orts one that says we have to regulate less misses the problems that mortgages were given to people who could not repay them. and the entire focus on the u.s. miss the fact that in england we had failures of big banks and the government had to take them over i

host: you also talk about a third narrative that you subscribe to, a messier story that emphasizes both global and failures in u.s. picy and super vision. were there enough bubbles and sort of strange economic activity going on outside of the u.s. that had someone been paying attention they could have seen that it was coming to our shores? host: there was an active debate. if you go back to 2005, 2006, 2007, was it a bubble, was it sustainable? people were looking but no one i think grasped in the moment the magnitude and potential fallout from this. and the reason we're nervous about simple explanations is while they're appealing and you can go on tv and do them, it leads you do you know the wrong path. the one there says it's wall street greed misses the fact that fannie mae and freddie back were ordered to do some things. the orts one that says we have to regulate less misses the problems that mortgages were given to people who could not repay them. and the entire focus on the u.s. miss the fact that in england we had failures of big banks and the government had to take them er in th