Page 323 - Cfo News Today

This week we decided to take another look at community banks and how they can help fund your business. >> in the town of westwood, new jersey, family owned businesses are the foundation of this close knit community. >> weve been through good times and bad times together. >> debbie is the cfo of a kitchen and appliance center started by her grandfather in 1951. >> it could go on our site and go to manufacturers links. >> the business relies heavily on deals with contractors who install appliances...

Yeah, you really feel dumb. >> reporter: brooks has pleaded not guilty. his lawyers who would not talk to cnn on cam remarks dont dispute that his personal expenses were paid for by the company, but add, those expenditures were authorized. >> you know, this is the kind of case that makes a defense lawyer think, why didnt i go to medical school? white color cases are never really slam dunks. but this one seems to come pretty close. >> reporter: and thats not all. prosecutors allege david brooks a...

The alleged target, the cfo so it would never be reported to the federal government. that did not work. that cfo spent 24 days testifying against her former boss. >> unbelievable, the list of items that brooks allegedly bought with that company money really does go on and on and on. for example, he paid a reported $10 million for a bat mitzvah for his daughter. at the rainbow room in new york. aerosmith, kenny g. 20,000 ford a face-lift for his then wife. $20,000 for leather bound invitations fo...

The alleged target? the cfo of his company. the cfo spent 23 days testifying against her former boss. if hes convicted, brooks could spend the rest of his life in prison. elena cho, cnn, central islip, new york. twitter, facebook, cnn.com. a lot of folks have something to say about arizonas new immigration enforcement law. it is what is hot on the internet. were back in a moment. of course, winnings not bad either. subaru. the only manufacturer with 2010 iihs top safety picks for all models. i...

To cnn on camera, dont dispute that his personal expenses were paid for by the company, but add those expenditures were authorized. >> this is the kind of case that makes a defense lawyer think, why didnt i go to medical school? white-collar cases are never really slam dunks, but this one seems to come pretty close. >> reporter: and thats not all. prosecutors allege david brooks also spent years trying to develop a memory-erasing pill with the restauraveterinarian w for his race horses. the alle...

>> reporter: brooks has pleaded not guilty. his lawyers, who would not talk to cnn on camera, dont dispute that his personal expenses were paid for by the company, but adds those expenditures were authorized. >> this is the kind of case that makes a defense lawyer think, why didnt i go to medical school? white collar cases are never really slam dunk but this one seems to come pretty close. >> reporter: thats not all. prosecutors allege david brooks spent years trying to develop a memory-erasing ...

Whatever it is. how does the insurance company make money by doing this? . >> its simple. its kin to the way a bank operates. you pay a low rate and lend out a higher rate. what the insurance companies done, they invest mostly in corporate bonds. theyre making 4% or 5% a year now. theyre paying the dependents and survivors of federal workers one-half of one percent. so were talkingd=uq more than a 300-basis point spread there. we report in the that met life alone is making 100 to $300 million ...

Paid for by the company, but adds those expenditures were authorized. >> this is the kind of case that makes a defense lawyer think, why didnt i go to medical school? white collar cases are never really slam dunk but this one seems to come pretty close. >> reporter: thats not all. prosecutors allege david brooks spent years trying to develop a memory-erasing pill with the veterinarian who cared for his race horses. the alleged target? the ceo, so that alleged crimes would never be reported to th...

No major decisions made unless all three want to go in that direction. maybe not the best formula. maybe they should have one person that they agree is, if there is a stalemate, that one person is going to make the overriding decision. >> and also, we always say get ready for the divorce at the beginning of the marriage basically. so have a contract? >> yeah. i mean, i think whether youre friends with a person in advance or, you know, its somebody that youve recruited through another source you ...

And helping others in need, youve got women champing at the bit there, 14% compared to men at 9%. you know, whats interesting, though, is that were talking about women being more conservative now, and yet weve heard so much about this man session that i would have thought that men would be more conservative concerned about their jobs. >> well, you know, its interesting. women have been so affected by this recession. the young women, in particular, its the first time theyve gone through an econom...