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Detailed text transcripts for TV channel - FOXNEWS - 20101212:16:31:00

Joining us now is brenda buttner, anchor of bulls and bears. this is so tragic. his father schemed have claimed so many victims, now one of his own sons. nif sense of how the suicide any sense of how the suicide will potentially affect the case? yeah, it s absolutely very tragic. hard to believe, isn t it, that it was two years ago that the story first broke, that this huge financier in new york city who had his investment list read like a celebrity a list. his son couldn t face the issues facing him, the lawsuit. even his children were named as defendants, and that was one of things said to upset him the greatest. but the question is does the search for the money stop because of the tragic event? the answer quite simply is no. ....

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Detailed text transcripts for TV channel - FOXNEWS - 20101212:16:32:00

The court appointed trustee is suing banks, funds, suing individuals. right now, $2.5 billion have been recouped for individuals, for the victims of the fraud. but that is far less that bernie madoff made off with in the uponsy scheme. they are looking at banks and funds. they ll follow a paper trail to discover what mark s complicity in this was, even though they can no longer speak to him. the family is really in the cross hairs. the family have been named in suits because bernie madoff tried to transfer a lot of the money to them. eric: the bankruptcy trustee irving picard said mark and his brother andrew and madoff s wife knew or should have known about the scheme. ....

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Detailed text transcripts for TV channel - FOXNEWS - 20101212:15:04:00

Deal, david axelrod predicting they ll pass the tax compromise bit e by the end of the year. it is a tougher sell. congressman, welcome, good morning to the program, the test vote happens this week, and congress will look at it as well and the president is predicting it will pass with some changes. what changes do you expect? well, there s a couple of battles to take place, some democrats don t like the inheritance tax in there. what my concern. chris: they may not understand, how businesses operate and, actually, this isn t a tax they pay when they die but throughout their life they are paying high life insurance and lawyers and accountants to handle it, to have their money and make it work for them, and that is important to keep that in there and the second issue that is developing, some discussions, what to do about social security, and, although, even ....

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Detailed text transcripts for TV channel - FOXNEWS - 20101212:16:16:00

But ally turkey, calling the turkish prime minister and reassuring that some of the comments in the cables released do not repect the view of the u.s. government. he was furious over a memo that claimed he had money stashed in swiss bank accounts. what is our government doing? are they doing enough to protect state secret and stop the wikileaks and other similar websites? this week there is a copycat expected to go online. we ll speak with congressman peter king seen here, chairman elect of the house homeland security committee, next. eric: this morning a deadly new attack on nato forces in southern afghanistan. this is has the troop deaths increaseded significantly since the u.s. began a troop surge to root out the taliban. what some say the administration must do to get this under control. [ le announcer ] you know her. we know diamonds. together we ll make her holiday. ....

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Detailed text transcripts for TV channel - FOXNEWS - 20101212:16:05:00

Pockets of the middle class americans. immediate tax cut they ll reduce the social security payment for every working american out there. this is a compromise. it has some parts of it that bother me. i think the 20 hedge fund managers that made $1 billion each last year that pay only 15% in taxes, that is a problem. but if we have to compromise with republicans so hedge fund managers are protected and the middle class and those below the middle class get money in their pocket and tax break and business incentive and all of those sorts of things we need to do it. it will happen. and bill clinton, who by the way brought us the biggest economic expansion in the last 50 years thinks it s a good thing to do. eric: chip, do you think it s a brilliant deal and what about the appearance? i think it was an odd appearance. you could tell. usually everything in the white house is completely scripted. every step, every word. you can tell even president clinton was put back when he said i have ....

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