greta: here s a pop quiz for you. if you borrowed $105 million, how much do you think it would cost to you pay it back? it you said double, or $210 million, you would be dead wrong. so how much? brace yourself. lis mcdonald is here. liz, who is borrowing $105 million? and what s the payment schedule? poway school district, north of san diego, they are borrowing $1 billion to basically to get $105 million up front. what they are doing here, they are so desperate to get the cash right now, they told the taxpayers, look, you are not going to pay property taxes, but they have decided to take out a 40-year loan, essentially. and the first 20 years, there won t be any payment, no principle. but at the end of the 40 years, the school direct is will owe nearly $1 billion, also a
after scandal after scandal. greta: are there any heros in the t.a.r.p. money? as you thought, well, this person is really doing something, this person really know when is he s doing and has the right motive? there was a list of people. i worked with elizabeth warren, head of the congressional oversight panel. i was impressed with her ferocity and she was up for the job of the consumer protection bureau. i thought she really went after and eviscerated secretary geithner. i really admired her and thought she really put her job above her personal interest. she was definitely someone who impressed me. greta: at one point, you write the criminal justice system, as i have noted, you were a federal prosecutor for a long time, the criminal justice system has proven itself ill equipped to address the deep, fundamental problems at the heart of the financial crisis. let me ask you about that and fold in the news that d.o.j. and
tase out the name of my business so it wouldn t be a concern for my customers. greta: are you saying to me that if the stock video had been purchased, not by the obama campaign, but the romney campaign, would have had had the same objection? i would, greta. as i said, in the beginning, this is a nonpartisan business. we don t talk politics on either side. so, yes. i valid to say to say. i have to make that very clear to my customers because they don t believe that. they don t believe that this is nonpartisan. they believe that because i am objecting to this obama campaign with my name. plastered all over for 10 seconds, they now think i m a romney supporter. i am really trying to stay neutral on this. i want to make it clear that my
what s the very major? can you give us a hint? i can t. i m not allowed to say. but it s very, very major. greta: ah, very, very major. what could continue? we want to hear from you. what do you think donald trump will be doing at the republican national convention? tell us right now. [ female announcer ] think a thick cream is the only way to firm skin? challenge the need for such heavy measures with olay. regenerist micro-sculpting serum for firmer skin in 5 days. pretty heavy lifting for such a lightweight. [ female announcer ] olay regenerist.
you didn t build that. somebody else made that happen. greta: president obama insists he was stalking about building roads and bridges, but one small business owner isn t buying it. posting this sign in his store window, his defiant message is grabbing lots of attention. some are applauding him and others are yelling at home him and even hitting him. how are you? greta: i m very well. obviously, the president s statement hit a nerve with you. did it not? it was the last nerve. he has been hitting nerves since he got elected. greta: all right. what do do you? first of all, did you hear his whole statement or just part of it and get mad? no. i was listening to the speech. by the time he finished it, i was fuming. greta: so what did you do? i went to work and i started thinking about it. i was listening to the talk