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In the bank. she said, no, no. i'm asking what seems like a naive question, but it's actually a very -- >> pretty good question. >> where is all our money? it's actually kind of leveraged out and pays other people's mortgages. >> what if their houses aren't worth as much? >> i said, well, then we've got a problem. >> the entire international economic structure is kind of a ponzi scheme. i hate to say it. >> when we come back, i want to get into this. lessons learned, who we should be blaming and how we move on. >> i blame you. >> thank you. :20011231][v

agencies. you can blame congress. you can blame the bankers that went wild. regulators that weren't minding the store. >> what goes on behind closed doors on wall street? >> we stand strong, and on the other side we'll eat golden sludge. >> could it happen again? >> i don't think anybody realized that we were within a day away from a major international catastrophic and economic meltdown. >> james wood from "too big to fail," andrew ross sorkin, the man who wrote the book on the crisis. this is "pierce morgan" tonight. good evening. it's costing dominique strauss khan $1 million to...

>> are they willing to go into north waziristan? so far they have only gone after the bad guys who kill pakistanis. they need to start going after the bad guys who kill americans, otherwise it means they're maintaining this strategy of saying there are some good terrorists and there are some bad terrorists. and the good terrorists, whether intentionally or not, are the ones that kill americans. >> as always, fascinating stuff. thank you. >> pleasure. coming up, was killing bin laden murder? i talk with two sometimes controversial scholars about the true meaning of the raid that took out the ...

Itself has had any kind of corrosive impact on your life? >> no, no. it might if we had our show today. which, of course, could never happen because our show could never be picked up for today. we were at the right time at the right place for variety shows in america. and the paparazzi was around, but it wasn't as awful as it is now. it was pretty bad, but not the way it is where they're just totally in your face that you're home or this or that or so forth. and i think that helped. we had a fairly normal life. >> i'm going to stop you there. a short break. i want to continue that when we come...

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