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. >>> coming up on this wednesday, bernard madoff's first interview. >>> plus, some swear it's a cold killer. dr. richard besser weighs in on the use of zinc. >>> and the klepto cat, who has a habit of stealing from the neighbors. craves fuel. make sure you give it something that counts. i love quaker oatmeal, it's seriously a superfood. it's fuel that your body needs to get going. this stuff is a game changer. and now it's better than ever. it's got a heartier texture, and in some of your favorites, all natural flavors and 25% less sugar. i can't think of a better way to kick off your day. so i just have one question for you. are you eating quaker for breakfast? it was a mystery to me. i found out that connected to our muscles are nerves that send messages through the body. my doctor diagnosed it as fibromyalgia, thought to be the result of overactive nerves that cause chronic, widespread pain. lyrica is believed to calm these nerves. i learned lyrica can provide significant relief from fibromyalgia pain. and with less pain, i can do re of what matters to me. [ female announcer ] lyr
. >>> coming up on this wednesday, bernard madoff's first interview. >>> plus, some swear it's a cold killer. dr. richard besser weighs in on the use of zinc. >>> and the klepto cat, who has a habit of stealing from the neighbors. craves fuel. make sure you give it something that counts. i love quaker oatmeal, it's seriously a superfood. it's fuel that your body needs to get going. this stuff is a game changer. and now it's better than ever. it's got a heartier...
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Feb 17, 2011
02/11
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bernard madoff is serving 150 years for ripping off investors to the tune of $65 billion. his ponzi scheme played out over 16 years, and no one was on to him? believe, jim axelrod reports so if you find that hard to believe, jim axelrod reports so does madoff. >> reporter: for 26 months, since bernard madoff's multibillion-dollar ponzi scheme unraveled, one of history's great financial villains claimed he acted alone. now he's telling the "new york times" certain banks and hedge funds were complicit in his fraud, calling it willful blindness. they had to know, but the attitude was sort of, "if you're doing something wrong, we don't want to know," madoff said. >> american law treats willful blindness the same as actual knowledge. you can't shut your eyes and avoid having knowledge attributed to you that you would have known had you opened your eyes. >> it stirs up a certain level of anger for me. >> reporter: for george neirenberg, who lost his life savings with madoff, this strengthens his position about the complicity of banks. >> if they had some sort of awareness and ha
bernard madoff is serving 150 years for ripping off investors to the tune of $65 billion. his ponzi scheme played out over 16 years, and no one was on to him? believe, jim axelrod reports so if you find that hard to believe, jim axelrod reports so does madoff. >> reporter: for 26 months, since bernard madoff's multibillion-dollar ponzi scheme unraveled, one of history's great financial villains claimed he acted alone. now he's telling the "new york times" certain banks and hedge...
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Feb 4, 2011
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. >>> when the lid came off bernard madoff's ponzi scheme there was plenty of shock and disbelief. well, maybe not. which of america's largest banks was warned about bernard madoff some 18 months before the gig was up. >>> the increasingly bloody clashes in the streets of cairo. apparently one fashion designer thinks it is a good opportunity to advertise its new spring clothing line. ,,,, da dan: i had a biopsy and i had high-risk prostate cancer. i was depressed. i was shocked. sometimes cancer makes you feel very lonely. the doctors can do their best to cure the cancer, but it takes all of the other stuff to make you a whole person again. i've been given a second chance. announcer: at sutter health, our story is you. for more stories, visit sutterhealth.org. [ woman ] the first time i smoked, i was 13.g breaths ] i was in a hurry to grow up and wanted to look cool. big tobacco knew it, and they preyed on me. i'm here to tell you that big tobacco hasn't changed. they continue to profit... by selling kids the same lies... to get them to use... the same deadly products. don't be big
. >>> when the lid came off bernard madoff's ponzi scheme there was plenty of shock and disbelief. well, maybe not. which of america's largest banks was warned about bernard madoff some 18 months before the gig was up. >>> the increasingly bloody clashes in the streets of cairo. apparently one fashion designer thinks it is a good opportunity to advertise its new spring clothing line. ,,,, da dan: i had a biopsy and i had high-risk prostate cancer. i was depressed. i was...
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. >>> jailed ponzi schemer bernard madoff is speaking out from behind bars in his first published interview since being convicted, madoff tells the "new york times" that financial institutions he dealt with were, quote, complicit in one form or another. while he stopped short of naming banks, madoff's accusation comes just days after the court-appointed trustee working to recover funds for madoff's victims filed a suit against jp morgan chase. the bank denies any allegations of wrong doing. on wall street, surprisingly weak retail sales report brought stocks lower on tuesday. exxonmobil's shares were sent down 2%. frankfurt stock exchange owner deutsche bores announced its ç $10.2 billion merger with the parent of the new york stock exchange. however, there's still no the word on a name for the combined exchange. shares of family dollar shop up nearly 30% at one point in late trade after receiving a takeover offer upwards of $7 billion. apple is taking some heat over its decision to charge publishers a 30% cut of their revenue on new subsubscription-based apps sold on i tunes. keep an eye
. >>> jailed ponzi schemer bernard madoff is speaking out from behind bars in his first published interview since being convicted, madoff tells the "new york times" that financial institutions he dealt with were, quote, complicit in one form or another. while he stopped short of naming banks, madoff's accusation comes just days after the court-appointed trustee working to recover funds for madoff's victims filed a suit against jp morgan chase. the bank denies any allegations...
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Feb 23, 2011
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madoff's victims. as apple readies its ipad2, its apps are under federal review. anti-trust inquiries are scrutinizing apple's new subscription-based service for publishers. >>> even cookie monster isn't this serious about sweets. a florida woman was arrested after allegedly attacking her roommate for eating all of her girl scout thin mint cookies. i'm serious. >>> coming up, the nuggets don't miss carmelo. the heat did do no wrong and a same team squabble with a happy ending. >>> plus, blake griffin goes home and makes more than a little noise. your early morning sports >>> good morning. if you're just waking up, this is "early today." in sports, last night was technically a road game for nba rookie of the year favorite ç blake griffin, but it was still a homecoming. here's nbc's fred roggin with an early look at all your sports headlines. >>> good morning. it was a weekend of firsts for the clippers blake griffin who played in his first all-star game, won hit first slam dunk contest. yesterday was
madoff's victims. as apple readies its ipad2, its apps are under federal review. anti-trust inquiries are scrutinizing apple's new subscription-based service for publishers. >>> even cookie monster isn't this serious about sweets. a florida woman was arrested after allegedly attacking her roommate for eating all of her girl scout thin mint cookies. i'm serious. >>> coming up, the nuggets don't miss carmelo. the heat did do no wrong and a same team squabble with a happy ending....
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morgan did not know about or in any way become a party to the fraud orchestrated by bernard madoff" >> realistically, there is no other source to get this many people for that cost. >> tom: still ahead, why careerbuilder keeps spending millions of dollars to advertise during the super bowl, and what it gets in return. egypt's beleaguered president hosni mubarak says he's fed up and ready to step down, but he fears doing that would result in more chaos in his country. even as he spoke, the fight for egypt's future went on in the streets of cairo. violence between pro- and anti- mubarak demonstrators continued for a second day. meantime, a top western think tank says egypt's unprecedented week-long clampdown on internet and cell phone networks will likely cost about $90 million. the organization for economic cooperation and development says the blocked services account for up to 4% of economic output. that could result in a loss of $18 million a day for the egyptian economy. but the paris-based think tank warned the long-term implications could be greater, if multi-national companies de
morgan did not know about or in any way become a party to the fraud orchestrated by bernard madoff" >> realistically, there is no other source to get this many people for that cost. >> tom: still ahead, why careerbuilder keeps spending millions of dollars to advertise during the super bowl, and what it gets in return. egypt's beleaguered president hosni mubarak says he's fed up and ready to step down, but he fears doing that would result in more chaos in his country. even as he...
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. >>> jpmorgan chase were at the center of bernard madoff's massive fraud and complicit in it. that's according to a lawsuit unsealed thursday. the trustee tried to claim money for madoff victims, claims bank executives kept doing business with him, despite suspecting he was running a ponzi scheme. jpmorgan calls the lawsuit meritless. >>> verizon has stopped taking iphone preorders less than 24 hours after it started. anyone who wants to buy the phone will now have to wait until wednesday to order it. "usa today's" ed baig already has one. he says the combination of the iphone with verizon's network is a big hit. >> the key differentiator is the network. verizon versus at&t. i didn't experience any dropped calls testing the iphone in northern new jersey and here in new york city. >> the cell phone wars begin. you can read ed's full review at usatoday.com. >>> some journalists in cairo threaten with death. >>> plus, the invite list for the white house super bowl party. ♪ special k protein shakes -- ♪ a truly great-tasting breakfast shake. with 10 grams of protein and 5 gram
. >>> jpmorgan chase were at the center of bernard madoff's massive fraud and complicit in it. that's according to a lawsuit unsealed thursday. the trustee tried to claim money for madoff victims, claims bank executives kept doing business with him, despite suspecting he was running a ponzi scheme. jpmorgan calls the lawsuit meritless. >>> verizon has stopped taking iphone preorders less than 24 hours after it started. anyone who wants to buy the phone will now have to wait...
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Feb 21, 2011
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. >>> convicted swindler bernard madoff has granted his first jailhouse interview. madoff telling the "new york times" he never thought the collapse of his ponzi scheme would cause the sort of destruction it did to his family, and he also said that various banks and hedge funds, quote, had to know about his fraud. and their attitude was iyou're doing something wrong, we don't want to know about it. >>> the federal reserve says the economy is taking up steam in minutes from the fed's last meeting. officials were slightly more optimistic than in the past, but said they would not change their plans to continue buying $600 billion in bonds. >>> and china now has the world's second largest economy, surpassing japan in total size of the gross domestic product. the united states stills that world's largest economy. >>> martin feldstein has advised presidents from reagan to obama, and currently teaches at harvard. he is one of the smartest guys in the room. he joins us now to talk economics. marty, great to see you again. thanks for being with us. >> nice to be with you, ma
. >>> convicted swindler bernard madoff has granted his first jailhouse interview. madoff telling the "new york times" he never thought the collapse of his ponzi scheme would cause the sort of destruction it did to his family, and he also said that various banks and hedge funds, quote, had to know about his fraud. and their attitude was iyou're doing something wrong, we don't want to know about it. >>> the federal reserve says the economy is taking up steam in...
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. >>> and we move on, a year and a half after he arrived in prison, bernard madoff is breaking his silence about his ponzi scheme. his victims and his family. the mastermind of the $20 billion fraud talked to the "new york times" and said he's sure there were a lot of people that saw what he was doing but looked the other way. chief envisit gator correspondent brian ross has been on the madoff story since day one. >> reporter: the interview took place tuesday at this federal prison in north carolina. madoff hadn't spoken on the record since he arrived here in shackles and a blue jumpsuit in july 2009. a times reporter, she described madoff noticeably slimmer and a bit agitated. madoff did business with some of new york's biggest banks and hedge funds. without naming any specific one, he accused them of willful blindness to his ponzi scheme. they had to know, he said, the attitude was sort of, if you're doing something wrong, we don't want to know. previously madoff had told the court falsely that he pulled off the entire scheme by himself. since then, several top employees have been indict
. >>> and we move on, a year and a half after he arrived in prison, bernard madoff is breaking his silence about his ponzi scheme. his victims and his family. the mastermind of the $20 billion fraud talked to the "new york times" and said he's sure there were a lot of people that saw what he was doing but looked the other way. chief envisit gator correspondent brian ross has been on the madoff story since day one. >> reporter: the interview took place tuesday at this...
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. >>> bernard madoff isn't naming names but he is saying banks and hedge funds had to know about his schemes to take billions of dollars from investigators. he says the investigatement companies he -- he says investment companies he did business with did not look closely at his information. madoff is in north carolina prison. >>> checking at the numbers it looks like they will be okay on the opening. take a look at the dow, nasdaq, and s & p they all dropped. dow starts at 12, 226. borders filed for bankruptcy not a surprise. they will be closing one-third of their stores. >> wow. okay. >>> time now 5:23. she was held against her will at a warehouse and forced into prostitution. for the first time a bay area woman tells her your story. this is a story you will see only on channel 2. >>> a horrifying attack on a veteran reporter covering the historic event in egypt. >>> good morning, right now traffic is moving along okay on westbound 24. we will tell you more about this straight ahead. >>> we do have good news. the front is moving through. it will turn showery in nature. later today
. >>> bernard madoff isn't naming names but he is saying banks and hedge funds had to know about his schemes to take billions of dollars from investigators. he says the investigatement companies he -- he says investment companies he did business with did not look closely at his information. madoff is in north carolina prison. >>> checking at the numbers it looks like they will be okay on the opening. take a look at the dow, nasdaq, and s & p they all dropped. dow starts at...
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for nearly 16 years, bernard madoff ortingchestrated the big ponzi scheme in history. since his arrest in 2008 he has been silent but today he is speaking out. he met two hours with a "the new york times" reporter on tuesday for his first published interview since his december 2008 arrest. he continues to claim his family knew nothing about his illegal activity but says that major banks and investors had knowledge of his ponzi scheme. contradicting previous statements that he was solely responsible. they had to know but the attitude was sort of if you're doing something wrong, we don't want to know. madoff who now lives in a 12-foot cell with a roommate is serving 150-year sentence for defrauding 65 billion dollars in investments and phony profits. act knowledged his own guilt but claims unidentified banks and hedge funds were also at fault for failing to look into inconsistencies in his business. >> if bernie madoff gives anybody any names or specific financial institutions that had concrete evidence that he was running a ponzi scheme, they will face civil and crimina
for nearly 16 years, bernard madoff ortingchestrated the big ponzi scheme in history. since his arrest in 2008 he has been silent but today he is speaking out. he met two hours with a "the new york times" reporter on tuesday for his first published interview since his december 2008 arrest. he continues to claim his family knew nothing about his illegal activity but says that major banks and investors had knowledge of his ponzi scheme. contradicting previous statements that he was...
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he's a man who's got to rationalize the suicide of his child. >> reporter: bernard madoff may be the last guy who is going to get any benefit of the doubt when it comes to his side of the story. jim axelrod, cbs news, new york. >>> burt ross lost $5 million in bernie madoff's ponzi scheme. he spoke in court movingly the day madoff was sentenced to 150 years in prison. he joins us this morning. thanks for coming in. when you opened up the paper yesterday morning, you saw the headline, you read the article, you read the things that bernie madoff has said. what was your first reaction? >> well, he's back again to talking about in that article, and that was the lead article by diana henriques of "the new york times" about how years ago he had made money for people legitimately. and i still don't think he gets. i think he is so insecure that he's trying to say, and he said this at the trial also, that he really was a bright guy and could make money for people legitimately. but that's not bernie madoff's epitaph. the fact of the matter is, he couldn't make money for people without cheating
he's a man who's got to rationalize the suicide of his child. >> reporter: bernard madoff may be the last guy who is going to get any benefit of the doubt when it comes to his side of the story. jim axelrod, cbs news, new york. >>> burt ross lost $5 million in bernie madoff's ponzi scheme. he spoke in court movingly the day madoff was sentenced to 150 years in prison. he joins us this morning. thanks for coming in. when you opened up the paper yesterday morning, you saw the...
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madoff. the suit was filed by a trustee working for madoff's victims. it said the mets made $300 million in false profits from his ponzi scheme. the trustee is also suing j.p. morgan-chase. court documents released thursday said the bank had multiple warnings about madoff. both the bank and the mets owners denied the allegations. those are some of the day's major stories. now, back to judy. >> woodruff: we return now to egypt, and the difficult diplomatic challenge the u.s. faces there. to examine that, we're joined by michele dunne, a former specialist on middle east affairs at the state department and on the national security council staff. she is now senior associate at the carnegie endowment for international peace and editor of the online journal, "the arab reform bulletin." marc lynch, director of the middle east studies program at george washington university. he also writes a blog about the middle east for foreignpolicy.com. and hisham melhem, washington bureau chief for al arabiya tv
madoff. the suit was filed by a trustee working for madoff's victims. it said the mets made $300 million in false profits from his ponzi scheme. the trustee is also suing j.p. morgan-chase. court documents released thursday said the bank had multiple warnings about madoff. both the bank and the mets owners denied the allegations. those are some of the day's major stories. now, back to judy. >> woodruff: we return now to egypt, and the difficult diplomatic challenge the u.s. faces there....
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in his first interview since he went to prison in 2009 bernard madoff tells "the new york times" banks and hedge funds were come police and it guilty of willful blindness as they continued doing business with him without asking questions. madoff did not names the banks and hedge funds but told the "times" they had to know. but the attitude was, if you're doing something wrong, we don't want to know. madoff says in prison interviews he helped irvin picard the trustee appointed to help recover some $20 billion in profits for the scam's innocent vict victims. he said he gave piccard, quote, information i knew would be instrumental from recovering assets from those people come police in the the mess i put myself into. picard filed lawsuits on behalf of madoff victims seeking hundreds of millions in allegedly illicit profits from jpmorganchase and from the owners of the new york mets. both denied ever suspecting fraud. >> even if you don't know specifically, if there are signs and you ignored them you are held libel -- liable. >> reporter: the scheme victimized thousands of investors includ
in his first interview since he went to prison in 2009 bernard madoff tells "the new york times" banks and hedge funds were come police and it guilty of willful blindness as they continued doing business with him without asking questions. madoff did not names the banks and hedge funds but told the "times" they had to know. but the attitude was, if you're doing something wrong, we don't want to know. madoff says in prison interviews he helped irvin picard the trustee...
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. >> bernard madoff's first interview. pointing fingers at those who may have known about the multibillion-dollar scheme. >>> reporter's nightmare. the brutal attack on a prominent u.s. correspondent in cairo. >>> and best in show. a surprise win at westminster. >>> good morning, everyone. thanks for being with us today. we begin, now, with a developing story. it could be a bumpy travel day for thousands of passengers on united airlines, as that company inspects its entire fleet of 757s. >> united took the fleet out of service after overlooking a maintenance check on updated computers. the company had little choice. >> reporter: united insists it is not technically grounding its 757s. but it will cycle every single one of the jets through a maintenance check, to make sure the key computer changes were done correctly. so, what does it all mean for passengers? well, if you're booked on one of the 757s, there's a good chance that your flight will be
. >> bernard madoff's first interview. pointing fingers at those who may have known about the multibillion-dollar scheme. >>> reporter's nightmare. the brutal attack on a prominent u.s. correspondent in cairo. >>> and best in show. a surprise win at westminster. >>> good morning, everyone. thanks for being with us today. we begin, now, with a developing story. it could be a bumpy travel day for thousands of passengers on united airlines, as that company inspects...
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. >>> ponzi schemer bernard madoff says the government's new financial reforms are laughable. in an interview in new york magazine madoff said "i am not a horrible person." he tried to explain how difficult he says the scheme became. >> it was a nightmare for me. yes, of course only for me. i was able to plain it to ruth. she's still unhappy about it. she's still embarrassed. there's nothing that's going to change that but she feels -- she feels sorry for me to a certain extent. >> his wife ruth has not spoken to him since their son committed suicide in november. madoff says she's angry at him for destroying their family. madoff is serving 150 year prison term in north carolina. >>> katie couric now has a preview of tonight's cbs evening news. >>> good morning. an unlikely love story that is sure to ruffle a few feathers. how this goose front of the flock and found a match in a 65-year-old man. that's tonight's assignment america. now back to ""the early show"." >> it is five minutes past the hour. we move over to marysol castro with another check of weather. good morning. >>
. >>> ponzi schemer bernard madoff says the government's new financial reforms are laughable. in an interview in new york magazine madoff said "i am not a horrible person." he tried to explain how difficult he says the scheme became. >> it was a nightmare for me. yes, of course only for me. i was able to plain it to ruth. she's still unhappy about it. she's still embarrassed. there's nothing that's going to change that but she feels -- she feels sorry for me to a...
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. >>> the trustee appointed to recover money for victims of bernard madoff's massive ponzi scheme is suing the new york mets. the lawsuit claims the team's owners made as much as $300 million in profits by repeatedly ignoring warnings that madoff's investment firms might have been a scam. the team's owners described the lawsuit as a strong-arm tactic to force a settlement. they say they are the victims of madoff. >>> and in michigan, 13 current and retired postal workers are in the money. after winning half of tuesday's $93 million mega millions jackpot. jose and charlene person appeared at lottery headquarters on behalf of their fellow winners. the group plans to take their share in one lump sum worth $29 million minus taxes. all of those currently working plan to be back on the job on monday. it's about 21 minutes after the hour. now here's lonnie quinn with our first check of the weather. good morning, lonnie. reporting for duty after lottery winnings. what do you think? >> first of all, 13 postal workers. you know darn well they had to ask some of their coworkers who said, nah, w
. >>> the trustee appointed to recover money for victims of bernard madoff's massive ponzi scheme is suing the new york mets. the lawsuit claims the team's owners made as much as $300 million in profits by repeatedly ignoring warnings that madoff's investment firms might have been a scam. the team's owners described the lawsuit as a strong-arm tactic to force a settlement. they say they are the victims of madoff. >>> and in michigan, 13 current and retired postal workers are...
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jp morgan chaegs is denying accusations from the trustee in chargeç of recovering losses f bernard may dofl's victims. according to unsealed court documents jp morgan allegedly suspected madoff of running a pons yes scheme and looked the other way as the bank continued rake in profits off the suspicious accounts. >>> the treasury department says some 20% of federal tax credits meant to make electric and alternative vehicles less expensive were approved for purchases that were not manager-efficient, including claims for a hummer and a bicycle. we knew this was coming. despite assurances it wouldn't happen, on the same day verizon began taking iphone preorders, the carrier announced when its network is stressed it will slow down service for its most active new users even if they buy unlimited data plans. >>> and, finally, we're not pointing my fingers, but 32% of people surveyed, that's twice as many as last year, admit to stealing their neighbor's wi-fi. you know who you are. well, coming up either hockies bruins and the stars don't like each other very much, or they put on a boxing exh
jp morgan chaegs is denying accusations from the trustee in chargeç of recovering losses f bernard may dofl's victims. according to unsealed court documents jp morgan allegedly suspected madoff of running a pons yes scheme and looked the other way as the bank continued rake in profits off the suspicious accounts. >>> the treasury department says some 20% of federal tax credits meant to make electric and alternative vehicles less expensive were approved for purchases that were not...