governor schweitzer, thank you so much for joining us.ell us how you as a governor and along with your republican lieutenant governor have the power to challenge this i would say awful new supreme court ruling that has dirtied up politics? >> well, we have the power because we're citizens of the united states of america. we have the power because in montana we have initiative 166, stand with montanans. and we're simply saying that corporations are not people. corporations will not be allowed to bribe their way into our state capital or even in washington, d.c. there's something perverse about this. in 1977, congress said the corrupt foreign practices act made it against the law for american corporations to bribe politicians in other countries. now they're saying they can bribe them in the united states. so we have a monopoly on bribery in this country? what is this saying to the rest of the world? look, corporations spend money in elections so that they can get something. they get something which means lower taxes or less regulation. you

thank you governor brian schweitzer and good luck with the campaign. >>> now that newt gingrich is outthe race, does he still think that mitt romney is a liar? that is the word he used again and again and listen to newt dance about that question with the cotillion coming to washington. >>> back to "hardball" and for the side show. now that newt gingrich is preparing himself for the torture of endorsing mitt romney, people are waiting to see if he will take back some of the romney-bashing from the primary season. take a look at one of the zingers and how newt danced around it in an interview last night. >> i have to ask you, are you calling mitt romney a liar? >> yes. >> you still believe that mitt romney is a liar? >> i still believe that the romney campaign said things that were not true. >> forget about the campaign, but is mitt romney a liar? >> the governor said things at times that were not true. i think that is true. >> the answer is yes? >> i also believe that compared to barack obama, i would trust mitt romney ten times over. >> so now for newt gingrich, lying is a matter of de

schweitzer is saying why can't we do it again?nd if they repeal it, they are going to replace it with some similar elements. in the meantime it's the american people that suffer. >> you hear many romney saying that he is going to throw this out if he is elected. he'll throw it out for 15 minutes and then put it back in just like he did in massachusetts. it's really duplicitous. >> you are overwhelmed with mitt romney this morning in that he just won the nomination. >> all run for the hills. [ laughter ] >> it sounds like you are feeling pretty confident. >> i don't for one minute take him for advantage, but i believe history is on your side and i believe we'll be successful in reelected the president, but money is -- we saw a race down in texas where a guy named reas and he was knocked out because of money. we know the republicans are going to dump gobs of money on everyone. >> you are going to face new voters. you have a redrawn district. how are you feeling about that? >> i have about 30% new. it's not -- a democratic-performing

joining us now is schweitzer who asks, why can't obama bring wall street to justice?ld we think about the latest news given your argument about how the feds have really failed to hold wall street account for the whole financial mess? >> i think it means business as usual. look, there have been a lot of promises made about new regulatory regimes that are going to change the rules and make things better. the fact of the matter is the people on wall street, they're very clever. they find ways around regulatory regime, so they've done that over the past 20 years. i think it means business as usual. i think that rather than trying to create a new regulatory regime, we need to decide that if firms are too big to fail, they're too big and they need to be broken up. because otherwise, we're simply inviting trouble and we're inviting a situation where we, the taxpayers, are going to have to bail these guys out. >> peter, i want to play for you -- we have some sound and video where david gregory from "meet the press" pretaped an interview with jamie dimon the other day, so this

here's stewart schweitzer. if i'm not wrong, i think you're still advising your clients to be underweight equity. but you still think it's important to own them given how cheap they are? >> that's right, mandy. good to be here, by the way. yak bogle said a few minutes ago that investors are their own worst enemies. that's true in so many dimensions. take the trading pattern of the last few years. the beginning of every year investors have said, oh, finally, it's over. we're finally back to the good ole days. they bid things up and they go too far. so then the news is not as favorable as they were hoping, and that's the kind of environment we're in right at the moment. even if not literally today. but certainly this month. so things get taken down. i think when that happens, it creates a fresh buying opportunity. and there are still so many people sitting with so much cash on the sidelines. >> they're waiting to get in. i'm sure a lot of them have missed out. i would imagine that any kind of problems like we're

. >> reporter: usc's lisa schweitzer, a skeptic, says the high-speed rail authority board is doing everythingk numbers and routes to justify spending tens of billions of dollars on a train that may be a huge economic blunder that few want to ride. >> every infrastructure project has the potential to be another solyndra, whether it's high-speed rail or whether it's a bridge to nowhere. the construction costs can overrun like that, and that's especially true in california where our permitting and approvals process is tough. >> reporter: does all this have california rethinking its plans? absolutely not says rail board chairman dan richard, and for one reason. they've already got the promised $3 billion of your tax dollars in federal stimulus. california may not get another dime from president obama, but it has no intention of giving back the $3 billion already promised or the billions more from california voters. >> so let's be very clear on this point. we have $6 billion to build the foundational segment. >> reporter: even if that foundational segment turns out to be a high speed rail, well, t

now peter schweitzer wrote the article, he's also the author of throw them owl automatic and the presidentountability institute, in the studio with me. good morning to you. >> good morning, bill. bill: i think a lot of viewers may not be srap familiar with this material. what are eric holder's ties to the law firms. >> eric holder and the other top five officials at the department of justice all came from large firms that do a lot of business with wall street. covington and brling was eric holder r-r's tpeufrplt he was part of the white color criminal defense practice, along with laney brewer. they did a lot of business with wall street. it still represents goldman sacks, bank of america, jpmorgan. et cetera. bill: would some of the attorneys go work at the department of justice? would it work in reverse or would it work hand in glove. >> it's a revolving door. when eric holder became attorney general in 2009 he came over and brought over with him five other attorneys, two of which have returned back to coug covington and are working on white color criminal defense cases, again in some ins