they ran a lot of ads saying good over steve rattner. maybe i felt some need not to answer those questions for the rest of his days. i don't know charlie, you're asking the wrong guy. all i can do is tell you that i didn't break the law, new york state law. i didn't do anything wrong hiring hank morris and i never told good times to make the dvd. >> charlie: it also is clear you have decided to mount an aggressive defense of yourself and your reputation. >> as you said in your introduction, i've been blessed by a lot of success in my career. i think i've had until now an unimpeachable reputation at least integrity. as i said in that clip people have not criticized me, i get that, that's part of life but nobody's ever questioned my honesty and i'm not going to let andrew cuomo do that without answering it. so i do intend to fight back vigorously and to defend myself and now is the first time i can speak about this and in the course of litigation a lot more evidence will come out that i think will be very persuasive. >> charlie: what kind

also banned rattner from working as an investment advisor for two years. meanwhile, new york's attorney general also sued rattner today, seeking $26 million. rattner say he'll fight that lawsuit. >> tom: here's what we're watching for tomorrow: quarterly results from ann taylor stores and h.j. heinz. the world's largest greeting card company is a family business. we look at the three generations of the hall family, who run hallmark cards. and our friday "market monitor" is kurt reiman, head of thematic research at ubs wealth management research americas. plug-in cars got a jolt today from wholesale electricity producer n.r.g. energy. it's spending $10 million to launch the nation's first private network of charging stations for electric vehicles in houston. a monthly fee of $90 gives drivers a charger at home and access to 50 charging stations around houston by the middle of next year. n.r.g. c.e.o. david crane doesn't see demand taking off right away, but he thinks the investment is worth it. >> $10 million is a lot of money, but in the world of power pla

a few minutes, former car czar steve rattner will be here.discuss with him the lawsuit he's facing over alleged kickbacks. what's next. >>> "snl" takes on the tsa pat-down scandal. >> i don't think the hair is the problem area. >>> "snl" eels new 900 number when we come back. ♪ ♪ ♪ ♪ ♪ [ male announcer ] at&t covers 97% of all americans. rethink possible. [ male announcer ] at&t covers 97% of all americans. ah, it's stinging a little bit more than usual! yeah, you'll get used to it. the longer you keep your high mileage car, the more it pays you back. get castrol gtx high mileage. it helps engines last longer by fighting the main causes of engine failure. i think a dime went up my nose. yeah, it happens. don't change your car. change your oil to castrol gtx high mileage. its more than just oil. it's liquid engineering. - sure, cake or pie? - pie. - apple or cherry? - cherry. oil or cream? oil or cream? cream. some use hydrogenated oil. reddi-wip uses real dairy cream. nothing's more real than reddi-wip. [ technician ] are you busy? management

. >> gm was one of the worst aw.aged companies we ever see >> steven rattner. >> this is a bit of a distraction. the company strongly believes that becoming a public company again -- it will help them sell cars. the treasury very much wants to get the money back. it wants to be able to say to the american public that it will get the money back. >> gm still has a long road ahead. the detroit car maker wants to make cars people can buy, and it can do it profitably. if the stock sale goes smoothly, it will be a move in the right direction. >> and of course, it will start trading in a couple of hours. do not miss world news america. they will have all the analysis of how it went and interviews with the gm boss. half of the rolls-royce engines used on the jumbos around the world will need to be replaced, according to qantas. >> this is another setback for qantas and the other operators of the operatorsa-380 super jumbo. when one flew, it was forced to make an emergency landing in singapore after one of its giant engines disintegrated mid flight. passengers reported hearing a very loud noise, and the

rattner was accused of paying kickbacks to help his private equity firm win business from new york's state pension fund. as for g.m., it emerged from bankruptcy a leaner company, but one with the unwanted nickname government motors with washington holding a 61% stake. at the time, president obama >> brown: after today's stock offering the government role has been reduced from majority shareholder to a 36% stake. g.m.'s share price will still need to reach at least $53 within the next few years for taxpayers to break even. for a closer assessment of the new g.m. we turn to michael robinet, director of global production forecasting for i.h.s. automotive, an industry research group. and micheline maynard, senior editor of "changing gears," a public radio project focused on the future of the industrial midwest. she previously covered the auto industry for the "new york times," and is author of several books, including "the end of detroit: how the big three lost their grip on the american car market." michael robinet, i'll start with you. what does this i.p.o. tell you about g.m.'s succes

or a steve rattner pulled off. this would be the third, that i'm counting, intervention by the government that worked. >> investing in america was not such a bad idea. >> lockheed, harley-davidson, protected by high tariffs, and now general motors. this extraordinary turnaround. >> we've gone through a remarkably difficult time since 2008. this recession unprecedented in some ways. i know we draw parallels to the great depression. but we have a completely globalized economy now. i would say the bold move taken to hold this country together was proven to be correct at the end of our republican administration and the courage barack obama showed at the beginning of his administration. in the media is going to find fault with itself when a good stock is done about how the reporting happened in this horse race of who is up, who is down, could it work, could not? >> old dogmas do not work anymore. joe? >> i want to aim high and go completely off the reservation. you may have heard or not heard that american scientists ha

we spoke earlier with steven rattner t auto czar responsible for restructuring the company. he said he wouldn't be surprised to see this stock trade up 10, 15, 20% attend of the day today. that's going to have people asking questions, too. the government is giving up a huge chunk, going from 61% ownership to 33% ownership. good news for the american taxpayer if it does well. it means that, first of all, we'll be getting back a lot of the money that the government put in the first time around. we put in $49.5 billion. you don't want to see too much left on the table and think the government got short solicited. they'll be getting rid of that stake with time. they're expecting to see the stock trade higher. the question about where it goes today and beyond, we'll be watching this closely, just a if few minutes away. it's been bleeding over into the futures. probably an open at the start of trade of about 100 points higher for the dow jones industrial average after a couple of disdisappointing days. we got good news on the weekly jobless claims. 439 jobless claims over the last

. >>> "new york times," on the same day steve rattner was being celebrated in his role in turning around general motors, the former car czar was formally accused by new york attorney general andrew cuomo of engaging in a kick-back scheme. >> i thought cuomo won? >> steve rattner will be on the show on monday. >> we'll ask him -- >> check it out there. >> maybe it's for cuomo's next election. >>> the hartford cure rant, armed with home made wines, some slightly older harry potter fans who are in serious need of a lifelined up for the midnight showing of the new movie. by the way, it's going to be andrew scarborough reports is going to be very dark and bleak. >> really? >> yes. >> okay. too close for comfort. no, you guys aren't doing it. >> do we have another one? this morning's tsa newspaper photo of the day courtesy of "the new york times." >> yesterday, in case you missed, norah o'donnell, yesterday the denver post, norah, you said yesterday you spit up your oatmeal a couple of times. had somebody stop me on the train saying stimulus program? seriously? scarborough? i'm having breakfas

national endowment for the arts, perseus books group, deborah whiteley, marine dwight and steven rattner barry perry kirschbaum international creative management and katie and don merron. thank you for making this possible. [applause] and now would like to acknowledge in our audience the winners of this year's ambitions and reading price. this is an extraordinary group or coy just want describe to you the extraordinary set of initiatives. i want to describe each of these groups quickly. they all received awards with the ceremonies from the national book foundation here they are. a poetry journal on the text message and web published original work by some of the world's best established poets. a 26 palencia in san francisco is a nonprofit center dedicated to helping students develop a lifelong passion for reading and writing. free lines book club and writing workshop uses books in creative writing to empower teenaged boys charged it incarcerated as adults at the washington d.c. jail to transform their lives. [applause] now this is a small church church in arra community in south carolina