feeling their pain. this is the biggest point drop that has ever been seen. we are in the midst of a serious financial crisis and the federal government is responding with decisive action. these guys have been gambling with the house money for years and it s our job to bail them out? the largest swindle in wall street history, and alleged 50 if you million dollar ponzi scheme by bernard madoff. you belong in jail, you criminal! the pardon is over. if there was any company that could make energy cool, it was enron. the texas energy broker treated electricity like any other commodity. it buys and sells billions of dollars worth of energy, every day. it s the largest company of its kind in the world. enron is a company that deals with everyone with absolute integrity. we play by all the rules and stand by our work. we mean what we say . ken lay was the original ceo, he ran enron when the company was created out of the merger of two pipeline companies. he seem
headed this successful mortgage company put together a program of vip service. that include our colleagues staff of congress, the house and senate, postmaster general, anybody general, anybody they could have influence with. do a favor for. it was not just make the process easy and the mortgage can be difficult and a lot of paperwork, it was to make it cheaper. they will waive fees and provide favorable discounts in the case of one senator they actually did a mortgage on the property in ireland even though they never did anything outside the u.s. except for that senator. when the scandal started to break what you saw was two directions. one was called mozilla who never paid a find and the other lead toward those who took. what size he had a reason, it was distorting was distorted policy. that destroyed a policy if you believe he succeeded was part of the meltdown in 2008. part of the mortgage crisis. host: you are going with some of your colleagues took this. so you met som
gore. guest: i sure am. host: i like the story of the recount, a horrendous time of taking on the issue. it was one thing after another but the biggest one is when you were running against carly fiorina. i see what you are doing and up against. you are running and i thought now that we have seen carly fiorina running for president, you kind of put it away in that. but the moment when she got caught on air talking about your hair from the people are into these issues men wouldn t have to deal with. guest: it s interesting and i m glad you brought it up because it is an amazing lesson for the people watching this. things happen that you don t expect. i was running in 2010, and carly fiorina was considered a top-tier candidate. she had millions of her own that she had gotten when she got her golden parachute and got fired for hewlett-packard. she had millions of dollars to throw into the race and it was neck and neck because we were in the deepest recession trying to help
and lofiason bank sees profits rise sending the stock to the top of the stoxx 600. coming up, nobel prize laureate tells us why president putin commands so much power. announcer: you re watching worldwide exchange, bringing you business news from around the global. all right. as anticipated, the eurozone pmi data is just hitting our wires right now. the eurozone august flash composite data coming in at a level of 52.8, a little below the reuters poll. reuters forecasted 53.4. so it s actually quite a bit below. again, it s weaker than what we saw in july and it s weaker than what the reuters poll anticipation had been. the flash composite pmi data. the output price index, 48.9. that s a slight dip from what we saw in july. the flash manufacturing pmi data coming in weaker than anticipated according to the polls again. 50.8. the expectation was for 51.3 according to the reuters poll. what we re looking at is a flash manufacturing pmi figure for the eurozone, which is t
matt taibbi talks about the divide between the rich and the poor in the united states and the problems that grow from the level of wealth inequality that exists now. that s next on booktv. [applause] wow, thank you. it is a big crowd. i was actually at a, i did a speech for a law firm in new york about a month ago and, the crowd was way bigger than i expected and, i was about to take, go up to the podium and i asked the partner at the firm, i said, how did you get so many people to come to this thing? he said, that was easy. we told them you were ben bernanke. [laughing] so i don t know who they told you was coming to night but my name is matt taibbi. i m a reporter formerly of rolling stone magazine. now with first look media. i will explain i guess, myself. what that is later but first i obviously want to thank all the folks who brought me here. kay and burt and her husband and craig from the library and everybody who had a hand helping me come here today. [inaudibl