Lly Make Case News Today

They lied. >> the idea that there were people on wall street, that the ratings agencies would play the role of cop, of keeping everybody is honest is how they deflected any idea that there should be government regulation. >> this was the old line self-regulation. we have a mechanism in place to make sure we will not defraud you the public and the marketplace. of course, self-regulation is one of the great oxymorons of all time. but just so its clear, the rating agencies are insurance that is pai...

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Administration was deemed a failure, which many of us believed broadly that it was, a lot of conservatives said thats true. and instead of trying to moderate the party then, they said the problem was this compassionate conservative guy was too liberal. so they pulled the party way over to the right. the problem they have now is the tea party folks are the folks who kind of got them there in 2010. and its as if the republicans are saying well, we needed your votes to drive this car to the country...

He says its unfounded and theyre going to win the case. >> floyd abrams was saying it was a first amendment right. show them that they knew what they were saying was not the case is what makes it a fraud as opposed to simply being wrong. being wrong isnt a crime. were all wrong all the time. lying intentionally in the marketplace is what transforms into an actionable offense. >> i knew you would help me understand this better. eliot spitzer, former governor of new york, former attorney general o...

>> i feel as somebody who is not very well versed in this subject, somebody who has never been well versed and just covered it as news, this is with one thing i got very early on was wrong with the system. why did it take so long? >> it shouldnt have taken so long. on the day they announced this case, i have been pretty harsh on eric holder of the justice department for not doing much more. on the day they final lly make case, dont want to come down on them again. it should have been years ago. ...

The electoral college. we cant have do it some proportionally and some winner takes all. >> theyre getting ready for hillary. they know they cant beat hillary clinton so they have to do it in the best way they can. >> they dont seem too confident right now. >> no doubt. ari berman, thanks for joining us. i appreciate it. that is "the ed show." im ed schultz. "the rachel maddow show" starts right now. good evening, rachel. great story you broke last night. >> thank you very much. we have a follow...

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