willem marx, bloomberg, riga, latvia. willem joins me now in studio. what is the status?e big headline here is the department of justice here in the u.s. is investigating. , -- theyto david king have talked to david kane and other victims of the scam. that is a big change. less of a convinced that latvia not a backdoor for these types of activities? the eurozone now, latvia is seen as one of the soft spots. it is easy to open an account there. the diligence is not done. it is important to note that some of these domestic banks, the smaller banks, rely heavily on foreign money, largely russian. >> standby. we will get back to you in just a minute. joining me for more on this global financial scam is cftc former commissioner bart chilton, now a senior policy advisor at dla piper. how difficult is it for regulators in the united states like the cftc to follow up on stories like this, and then investigate these kinds of schemes, which do impact american retail investors? like pulling teeth without any dental tools whatsoever. first, there are limited resources. in therd for r

theory.has been a we will continue with willem buiter.ou so much, thank in berlin this morning with the marketing -- with the markets moving dramatically. in the next hour, the former chief executive officer who literally came up with the word "exclusive." look for that on "bloomberg surveillance." dow futures -67. it is "bloomberg surveillance." good morning. ♪ >> good morning, everyone. "bloomberg surveillance." for the morning must read, here is brendan greeley. >> mario draghi spoke on the 27th. this was in helsinki. he said to ensure countries are better off being in the monetary unit when the shock hits them than outside, we need other ways to move them across the less -- the more public risksharing we want, the more private risksharing we need. is the integrated consumer banking union the fix? unit andthe banking the capital markets union. that is private risksharing. getting there slowly with the banking union, with the capital market union we are miles away from home. at least for retailers. >> was his diagnosis correct, that the

willem marx giving us the latest.ack, we are to be speaking with someone who knows this story very well. we will be speaking to senator richard blumenthal. ♪ >> welcome back. >>we are about moving markets. our interview with bill ackman sent several stocks flying, moving in a big way. sammy and freddie are both up huge after he has said he has added to his position in both companies over the past few weeks. many people have said, we are leaving the fannie, freddie trade. many investors have said there is nothing left in the trade. can a guy like bill ackman say, of course you can fight the government. if they break the law, they break the law. that heteworthy continues to be in the trade and add to his position. >> he is continuing to fight and has talked about taking it to the supreme court. >> he has got brass balls. it is pretty clear to me that he has an iron gut. 4%balife sells as much as that he has new evidence that is that a pyramid scheme. pretty much every single time bill has spoken on record, on tv, via ph

willem marx will have a bloomberg special report today, "chasing the scammers in latvia.changes in u.s.-cuba relations

after latvia's adoption last year and estonia in 20 oh 11 -- 2011, willem marx visits there.ook to lithuania membership we have to ask how the euro is going to be better for lithuania than having the lead tough -- having the litas. >> is such a tiny country and think they are saying, without this, we will be struggling. they have paid their currency to the dollar, and into the euro for the last 20 years. they have never had any say in monetary policy. finally, by joining the european council they will have a voice, their level is saying this is what we want. they will be a very small voice compared to the u.k. and germany but a voice. >> a tiny country, but one by membership in the eurozone inherits a lot of big problems. >> this is also true. from that perspective, they have had a couple of banking crises in the past couple of years. one thing they're looking forward to is the bank resolution fund, which is of the day have not been worried about. from their perspective, that is an advantage. but you are right, across the eurozone there has been a host of problems. >> and the

i think ellen page and willem dafoe did it about five years ago. at it and it's like me. only the way we did it was so unlike any other experience i've ever had. >> jimmy: is it scary at all? because it really looks exactly like you. it's weird, i played the game. this is you filming it. >> this is me filming it? so, yeah, look at this picture. this is what you get dressed up in. i'm wearing a black jump suit. >> jimmy: and all those moles are normally covered up. >> all those moles are normally covered with make-up. [ laughter ] it was a very, very bad breakout day. >> jimmy: you can't eat that much -- >> i'm human. >> jimmy: since then he's been using proactive and look at him now, you guys. how great does he look? [ cheers and applause ] fantastic. so what is it -- they put dots on your face? >> they put dots on your face and that's a helmet that has a a camera on it that's now photographing my face. and there's about 50 cameras in a studio. but it's an empty studio. normally, you know, you go through make-up and hair and you come on to a set th

trenton now it's 29 degrees. 27 in pottstown and willeming itten has dropped to 33 with the wind factoredit feels like it's in the 20s. a slow warm up today after a cloudy start. 33 degrees at 9:00. by lunchtime, 36 degrees. not a lot of wind but a little more wind during the afternoon. so, 39 degrees is the high temperature with some breaks of sunshine. it doesn't look like we'll clear out completely today. but that changes as we head into the new year. sunshine tomorrow bright sunshine and after a morning low that's colder tomorrow morning, we'll be up to 36 degrees in the afternoon. sunny skies for thursday. for the new year that will continue on friday. this weekend we'll see rain later on saturday and into sunday. >>> update you quickly on the breaking news we have been following all morning from indonesia. the airline officially confirmed the findings and said it's sending employees to the crash site and offering counselors and other help to families of victims. so far they pulled 40 bodies from the water. much more ahead on the "today" show on this. >>> local updates on air and onl

bloomberg markets magazine teamed up with willem marx to track those responsible for the scam. >> beyond-- beyond this fence is a financial wild west where a multibillion-dollar fraud flourished, far beyond the reach of financial regulation. it created a site called secureinvestment.com, persuading investors to wire millions of dollars for massive returns in forex trading. >> what was clever about it was not only did -- the way it was not taked, they did money out. >> monday night. >> david kane had been a day trader for years when he opens an account with the website. he was instructed to wire $2500 from his bank, wells fargo, to in cyprus. then he watched as his virtual profits grew online each day. but then in may of this year, investment.com vanished. along with his investments. >> so everything was a lie. >> it had to be. one of the best ones ever. >> we wanted to find out where his money ended up. our investigation led us around the world. the most directly was the only named director of a holding company. his home address was 5.5 thousand miles away in europe. a lawyer from latvia