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They'll acknowledge but privately they have to deal with the fact that ukraine is not going to get crimea back in the foreseeable future. what does that mean? first and foremost it's about doing what vice president joe biden is doing right now -- reassuring allies who are members of nato expressly because they fear a resurgent russia. second something what to do about ukraine. obviously it made a choice to turn west even though yanukovych made a different choice. so redeem that choice. how can you help make ukraine more stable? more prosperous? and help it fight its corruption problem? obvious...

For bp. that's a problem. in st. petersberg and moscow they arrested several people. editor of forbes joins me. when you look at what's happened today, and the past few days, how does it reflect on putin? this is one man's games in some ways. >> it's the wizard of oz olympics because what's happening now is the entire world is seeing behind the curtain. while putin can project strength, ukraine, syria, when you bring the entire world's media and all of these problems illuminate the problems russia has internally. they have terrorism problems. they have economic problems. they have corruption p...

Minister boris yelsoff documented how russians got rich off big olympic contracts. >> my estimation is about $30 billion. >> reporter: they stole 30 billion. >> yeah, 30 billion. >> reporter: the olympic stadium was three times the cost of any previous stadium anywhere in the world. and even worse, he says, the $9 billion highway and rail project to the ski hills above sochi, just 30 miles away. the corruption, not the concrete, making it so expensive he says. in his exclusive interview with abc news, president putin said he knew of no evidence of a serious corruption problem. >> translator: w...

Building the ski slope was also the very russian olympic official to supposedly oversee the construction. >> translator: so the vice president of the national olympic committee is taking care of such a large scale construction. >> reporter: the international olympic committee says all the allegations in our report should be handled by the host government, president putin's russia. and as putin told abc news, the russians have already determined that there is no serious corruption problem surrounding the olympics. brian ross, abc news, new york. all right. if you're not afraid of getting the ...

Fabric and a check on corporate power, on government power, i mean, it's really -- we're going to look back on this period of time as one that really changed the american democracy, the way we haven't quite reckoned with. >> we don't have time to talk in detail about the pacquiao/bradley fight. senators john mccain and harry reid are maybe working together, josh, to get bad stuff out of boxing. >> we can all agree pacquiao got jobbed. it's an issue that unites us all. boxing has a minor corruption problem. these guys are right. they should -- you know, it should be at the highest levels of gov...