as sony unexpectedly low word it's the full year operating profit forecast by twenty six percent unschooling tv and digital camera sales some box office flops also contributed to this negative announcement even with a weaker yen supposed to boost export assistance only have five of the company's nine divisions posted operating losses on the second quarter city seal does will he die and balmain sixth period smartphones as key to tease recovery plan but in the meantime sony shares had their worst eight in five years all the consumer it on its makers also fell with but you set up our uni or rico at losing between three and outs and seven percent and tt bait shop had dropped nearly five percent of the cake after the network says services specialist also cut its earnings outlook same thing with me till been calling it the bingo is an apple supplier down two percent after its estimates where captain in the banking sector or that she'd say lost almost one percent the bank said yesterday its concealment that pretty cute it's a less financial also had transactions sweet so called anti social forces a

they're unschooled. most of them are just merely lawyers without any financial industry experience. >> kroft: well, if the people there aren't trained in securities work, what are they trained in? >> how to look at pieces of paper that the securities laws require. they can check every piece of paper perfectly and find misdemeanors, and they'll miss all the financial felonies that are occurring because they never look there. even when pointed to fraud, they're incapable of finding fraud. (watch ticking) >> stahl: bernie madoff was committing a massive fraud, one leaving a trail of ruined victims in its wake. >> probably the thing that tears me up more than anything is the fact that i recommended madoff to a number of people. >> kroft: when "60 minutes" on cnbc returns in a moment. >> kroft: when "60 minutes" on cnbc returns in a moment. (watch ticking) i got this. [thinking] is it that time? the son picks up the check? [thinking] i'm still working. he's retired. i hope he's saving. i hope he saved enough.