Gentleman, the legendary investor john paulson, only on power lunch today. Sue is at the new york stock exchange. Hi, stew. Ty hi ty, great to see you. All throughout our show the five browns, the famous players, theyre playing steinways for us at the famous steinway factory. Listen to that. Isnt that beautiful. The ceo of the company is on with us because john paulson just bought this company and theyre going to play for us throughout the hour. Five browns, welcome to power lunch. When you think of the federal government these days, what music comes to mind . Lets listen to what they come up with. A circus theme, thats appropriate for whats going on in washington. The five browns will be with us throughout the hour, picking different types of music as the stories warrant. On day eight of the federal shutdown, president obama will make a statement and answer questions in one hour. We will, of course, carry that live here on cnbc. All of this as we approach that october 17th deadline. S
What did the bankers know, when did they know it and what is their responsibility and liability. And a closer look at the unespecialun especial employment picture, looking at what may become a crisis. Millions of americans lose the extended benefits but millions more are expected to be impacted this year. By the loss of the benefits. Do the jobs these workers need even exist . First, lets check in with sue at the new york stock exchange. We have a lot going on today in power lunch. If youre just tuning in, lets get you up to date on the markets. The Dow Jones Industrial average down 43 points at 16,426 and change. The s p 500 and nasdaq down 20 points, the biggest percentage downsized index right now. As for the gold market, after a volatile week last week, were up two bucks. Most of the metals markets hanging flat right now. In terms of Interest Rates, after bumping up against 3 last week, the ten year right now was traded last on the yield 2. 95 and brent crude last traded on the ups
To committing the largest financial fraud in history. And he said, i have a confession to make. Ive been running a ponzi scheme. [ticking] do you think you could pull off this scam today . Given the same security measures . Yep. Easily. Piece of cake. Sam eshaghoffs scam was getting paid thousands of dollars to take the s. A. T. Test for other students. He did it at least 16 times, scoring in the 97th percentile of the country. I would call him an academic gun for hire. Thats what he was. Welcome to 60 minutes on cnbc. Im bob simon. In this edition, we examine two very different kinds of fraud. Bernie madoffs wife and surviving son break their silence about wall streets most infamous criminal. And later, we visit a high school con man who figured the best way to make the grade was to cheat the s. A. T. S but first, in december 2008, Bernie Madoff confessed to running a 65billion ponzi scheme, the largest financial fraud in history. While madoff is serving 150 years in prison, his famil
And the day bernie admitted to committing the largest financial fraud in history. And he said, i have a confession to make. Ive been running a ponzi scheme. [ticking] do you think you could pull off this scam today . Given the same security measures . Yep. Easily. Piece of cake. Sam eshaghoffs scam was getting paid thousands of dollars to take the s. A. T. Test for other students. He did it at least 16 times, scoring in the 97th percentile of the country. I would call him an academic gun for hire. Thats what he was. Welcome to 60 minutes on cnbc. Im bob simon. In this edition, we examine two very different kinds of fraud. Bernie madoffs wife and surviving son break their silence about wall streets most infamous criminal. And later, we visit a high school con man who figured the best way to make the grade was to cheat the s. A. T. S but first, in december 2008, Bernie Madoff confessed to running a 65billion ponzi scheme, the largest financial fraud in history. While madoff is serving 15
In infamy. Its a tough name to live with. It sure is. In the first interview since Bernie Madoffs arrest, his wife ruth. I trusted him. And son andrew. Thats who i am. My name is madoff. And ill live with that for the rest of my life. Speak out about crime, guilt, suicide. Mr. Madoff, what do you have to say for yourself . And the day bernie admitted to committing the largest financial fraud in history. And he said, i have a confession to make. Ive been running a ponzi scheme. [ticking] do you think you could pull off this scam today . Given the same security measures . Yep. Easily. Piece of cake. Sam eshaghoffs scam was getting paid thousands of dollars to take the s. A. T. Test for other students. He did it at least 16 times, scoring in the 97th percentile of the country. I would call him an academic gun for hire. Thats what he was. Welcome to 60 minutes on cnbc. Im bob simon. In this edition, we examine two very different kinds of fraud. Bernie madoffs wife and surviving son break t