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The obama administration shook down or shake down of the bp with the whole fund there. and i went out to ask people what they thought? is it a shakedown, had they ever been shaken down? ♪ ♪ >> some congressman were saying it was a chicago-style shakedown. >> it doesn't matter what obama does. republicans will be against it. >> don't know about shaken down. i think that's ap dro in the bucket. >> you look like a woman that shakes people down, yes or no? >> no, i don't. >> grab your pockets. shake it all down. do you think obama shook down bp? >> he needs a little more shaking. he needs to s...

Mika, it's going to be a lot more than $20 billion. is there a report out there morning one wall street analyst saying bp is looking at 63 billion of liability, that includes the 20 billion. as jim pointed out, you know, they've got cash flow earnings, depending on how you look at it, in excess of $20 billion a year right now. now you're talking about three, maybe four years of earnings. people talking about the company going bankrupt. pensioners in britt would be veryup set about that in britain and not great for british-american relations, of course. but this company is going to be in the do...

From l.a., christopher thornburgh, founding principal of beacon economics, welcome to our show, good morning to you. >> good morning. bill: who knew! >> well, actually, we all did, because when they put the stimulus plan into place, they had already said this is going to be spread out over a multi-year period. in fact they told us up front some of the money was not going to be spent until 2011. a lot of economists were upset about that because you know, stimulus money needs to be spent, and what happened is they got the money and it started going to all the sort of pet projects and next thing ...

Warren buffett, the world's richest man, who lives in nebraska, the state ben nelson represents. part of the bill says if you're investing in derivatives, you have to put up collateral now. he is called them financial weapons of mass destruction, but that hasn't stopped his firm from owning about $63 billion worth of derivatives. nelson wanted buffett to be immune from putting down collateral. democrats said no, they took away that dear warren special deal and so ben nelson pulled his special deal and lined up with republicans to kill it. >> mr. nelson, nebraska, no. >> ben nelson's spokesman ...

Represents. part of this financial reform bill says if you're investing in derivatives, you have to put up collateral now. warren buffertt has called them financial weapons of mass destruction, but that hasn't stopped his firm from owning about $63 billion worth of derivatives. ben nelson wanted warren buffett to be immune from putting down collateral for derivatives. democrats said no, they took away that dear warren i love you, xo, special deal and so ben nelson pulled his special deal and lined up with republicans to kill it. >> mr. nelson, nebraska, no. >> ben nelson's spokesman is denying...