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Correspondent drew griffin with an exclusive report, keeping them honest. >> it's one of the largest settlements ever recorded by the new york attorney general's office. they've agreed to pay fines, change the way they do business and set a much more transparent course for charities across the nation. eric schneider man calls the private fund-raising firm despicable in how it has deceived the mostly old and gullible out of hundreds of millions of dollars. >> some of these pleas were heart wrenching. they were hoping some poor particular veteran get a car and a better life, and we've now learne...

Want to ask you about. he says the fed policy now is driving too much risk. he argues that never before have risky companies like b-rated companies that might issue junk level or near-junk level bonds and never before have they been able to issue debt about 5% and third and finally think the central banks think it would inevitably steal economic growth which is consumption investment and that's not happening. whether or not he's right, he has his hands on a lot of bonns. what do you make of that critique of the fed. >> keep in mind that this guy, pimco, has the biggest bond portfolio of anyone...