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Detailed text transcripts for TV channel - CNN - 20101218:01:41:00

tonight our person of interest is bernie madoff. the perpetrator of the biggest ponzi scheme in history. federal prosecutors and the trustee of the madoff bankruptcy reached a settlement. madoff bilked at least $20 billion from investors. with famous names like steven spielberg. other less famous people who simply trust him with their money. today the federal prosecutor and irving picard announced a settlement of the estate with one of madoff's biggest investors. the widow of picower agreed to the largest payment in forfeiture in history. >> under the terms of this settlement agreement, barbara picower has agreed to forfeit a little over $7.2 billion. a figure that represents every last dollar of the picower's profit from madoff's epic fraud. >> as of today, we have jointly recovered approximately 50% of

History , Settlement , Investors , Bernie-madoff , Ponzi-scheme , Trustee , Perpetrator , Person-of-interest , Prosecutors , Madoff-bankruptcy , 20-billion , 0-billion

Detailed text transcripts for TV channel - CNN - 20101218:09:37:00

to hear, a, they were infallible or that they were divinely inspires as some people say. i think they understood that they were sort of creating an experiment. they did not think the constitution should be the same forever. that's why they allow it to be amended and they differed among themselves on fundamental issues. slavery being one of them. to say this is the original meaning of the founding fathers really is historically, you know, kind of very simplistic because the founding fathers held enormously varied views. >> let me be clear here ping you are bordering on heresy. your saying glenn beck is not the final word on the founding fathers? >> you know, he's a very effective tv personality, which is a good occupation, but i wouldn't put him in front of a history class. >> eric foner, thank you for joining us. >> the terms of the settlement agreement, she's agreed to forfeit a little over $7.2 billion, a figure that represents every last dollar of the picower's profit from madoff's epic fraud. tonight our person of interest is bernie madoff. the perpetrator of the biggest

People , Constitution , Experiment , Forever , One , Slavery , Kind , Issues , Views , Fathers , Meaning , Heresy

Detailed text transcripts for TV channel - MSNBC - 20101218:15:40:00

they're checking to see if it is safe enough for residents to now return. just in time for the holidays. a stunning show of good will from an unlikely place, the widow of an associate of the infamous swindler bernie madoff. barbara picower has agreed to give back more than $7 billion to investors burned by madoff's massive ponzi scheme. her late husband was the single largest beneficiary of that skap. i'm joined by rick newman, chief correspondent for world news report. good morning to you. >> hi. >> what does this mean in terms of the victims? how much are they going to get back, all $7 billion? >> extraordinary development. in one decision it quadruples the money available to the madoff victims. goes up to $10 billion now this fund, the trustee estimates at about $20 billion lost. so he is now recovered half of the money that is said to be lost. you know, just a couple of months ago we thought almost all

Holidays , Place , Residents , Bernie-madoff , Will , Safe , Widow , Associate , Show , Swindler , Barbara-picower , Beneficiary

Detailed text transcripts for TV channel - CNN - 20101217:18:01:00

Detailed text transcripts for TV channel - CNN - 20101217:18:01:00
vimarsana.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from vimarsana.com Daily Mail and Mail on Sunday newspapers.

Lot , People , Didn-t , Breaking-news , Justice , Thousands , New-york , Peace , Mines , -2-billion , 7-2-billion , Investors