189
189
May 28, 2011
05/11
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CNNW
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but this is where the story gets very interesting, is that he, irving picard, is not treating wilpon and company like all the other victims. if he was treating wilpon like the rest of them, wilpon would have to give back about $160 million, which he could do. >> how much does he want back? >> he wants a billion dollars back, because what picard is saying is that wilpon is not like all the other investors who were essentially innocent victims. what picard is saying is that wilpon and company were complicit, that they knew or should have known that madoff was running a ponzi scheme. so they don't have to give back their profits. they have to give back their principal, which would be a catastrophe for them. >> principal, you mean the amount they actually invested. >> correct. >> now, let's drill down to the one factual question that picard would have to prove. >> right. >> how does he claim wilpon knew that bernie madoff was a ponzi schemer? >> he says he should have known. >> based on what? >> based on a variety of factors starting with the fact that madoff paid steady, very steady, su
but this is where the story gets very interesting, is that he, irving picard, is not treating wilpon and company like all the other victims. if he was treating wilpon like the rest of them, wilpon would have to give back about $160 million, which he could do. >> how much does he want back? >> he wants a billion dollars back, because what picard is saying is that wilpon is not like all the other investors who were essentially innocent victims. what picard is saying is that wilpon and...
188
188
May 28, 2011
05/11
by
CNNW
tv
eye 188
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quote 0
but this is where the story gets very interesting, is that he, irving picard, is not treating wilponall the other victims. if he was treating wilpon like the rest of them, wilpon would have to give back about $160 million, which he could do. >> how much does he want back? >> he wants a billion dollars back, because what picard is saying is that wilpon is not like all the other investors who were essentially innocent victims. what picard is saying is that wilpon and company were complicit, that they knew or should have known that madoff was running a ponzi scheme. so they don't have to give back their profits. they have to give back their principal, which would be a catastrophe for them. >> principal, you mean the amount they actually invested. >> correct. >> now, let's drill down to the one factual question that picard would have to prove. >> right. >> how does he claim wilpon knew that bernie madoff was a ponzi schemer? >> he says he should have known. >> based on what? >> based on a variety of factors starting with the fact that madoff paid steady, very steady, suspiciously steady
but this is where the story gets very interesting, is that he, irving picard, is not treating wilponall the other victims. if he was treating wilpon like the rest of them, wilpon would have to give back about $160 million, which he could do. >> how much does he want back? >> he wants a billion dollars back, because what picard is saying is that wilpon is not like all the other investors who were essentially innocent victims. what picard is saying is that wilpon and company were...
194
194
May 28, 2011
05/11
by
CNNW
tv
eye 194
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>> he wants a billion dollars back, because what picard is saying is that wilpon is not like all theessentially innocent victims. what picard is saying is that wilpon and company were complicit, that they knew or should have known that madoff was running a ponzi scheme. so they don't have to give back their profits. they have to give back their principal, which would be a catastrophe for them. >> principal, you mean the amount they actually invested. >> correct. >> now, let's drill down to the one factual question that picard would have to prove. >> right. >> how does he claim wilpon knew that bernie madoff was a ponzi schemer? >> he says he should have known. >> based on what? >> based on a variety of factors starting with the fact that madoff paid steady, very steady, suspiciously steady returns for year after year after year. 10% to 12%. >> my bank pays me steady returns on my saving account. >> this is more than that. it was like 10% to 12%, which was not, you know, doubling your money all the time but more than you'd get in any other risk-free investment. that's the starters. al
>> he wants a billion dollars back, because what picard is saying is that wilpon is not like all theessentially innocent victims. what picard is saying is that wilpon and company were complicit, that they knew or should have known that madoff was running a ponzi scheme. so they don't have to give back their profits. they have to give back their principal, which would be a catastrophe for them. >> principal, you mean the amount they actually invested. >> correct. >> now,...
123
123
May 21, 2011
05/11
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CSPAN2
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eye 123
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picard she encouraged them, slim, tilting her head towards her granddaughter she asked, shall invite them to join us, little one? may we clerics she responded, we have lots of room. annie nodded and let her boy stripped down. come in the and get warm, tvs and he urged. when the next giant reef crest at all the children left high like flying fish, caught them by their fingertips and pulled them up to the moon, drinking scarves around their shoulders is one of the children of round and round in how they could all laugh again, loud and long. the moon becomes the plays are those who are sad, those who are confused and those who have lost things and gathered feel good again. they rest, but they also realize they are not alone in a time to one another. in the tape dated in the rain and the refreshments of and scrub themselves claim. there is still so much to do. there are fires to be tended, gardens to be weeded entries to be seated back on her. will work together and he promised. we will throw in her heart and mind and work with their hands to make the world a little more kind and for sur
picard she encouraged them, slim, tilting her head towards her granddaughter she asked, shall invite them to join us, little one? may we clerics she responded, we have lots of room. annie nodded and let her boy stripped down. come in the and get warm, tvs and he urged. when the next giant reef crest at all the children left high like flying fish, caught them by their fingertips and pulled them up to the moon, drinking scarves around their shoulders is one of the children of round and round in...