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Detailed text transcripts for TV channel - FOXNEWS - 20111101:23:32:00

retired senator from wyoming talked about some of the heat they will take if they try to make tough decisions. here is former senator simpson. >> people admire guts and courage. they may fight you. they may vilify you but they will admire you. i have been the toast of the town one day and toast the next. i have been on the a list and the z list in this town when i was here. it's a funny place. you are on the cover of "time" one month and six months later you are doing it. that's washington and former senator simpson. overall tone today sounded like they were stuck close to the starting gate as opposed to the finish line. shep? >> mike emanuel live for us tonight at the rotunda on capitol hill. nice to see you. thanks very much. federal investigators reportedly planning to investigate a major financial firm that filed for protection under the bankruptcy code yesterday. the idea see whether it used its client's money for its own investments. that's after regulators reported

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Detailed text transcripts for TV channel - MSNBC - 20111101:14:17:00

a lot of it is investments. a lot of them are smart and marry well. they inherrite. >> well, let's talk about that. the top three. third richest, john kerry. is most of that money from the heinz fortune? >> it's all from the heinz fortune. we think this wildly estimates what he's actually worth. he doesn't have to disclose the true value of most of it. just the minimum values. >> and darrell issa. he's an inventor. >> he made a lot of money in the car alarm business. now moved that money into the real estate business. >> and the richest worth, at a minimum, almost $300 million. michael mccaul of texas. >> he's shot up the list over the past five years. he used to be worth about $70 million. now about $290 million. he's inheriting large chunks of money from his father-in-law. the clearchannel fortune. and so, again, marries well, inherits well. that's how a lot of these guys make their money. >> we often hear these stories, especially when new members of congress come in about two or

Lot , Money , Most , Investments , Richest , Heinz-fortune , Lets-talk , Inherrite , John-kerry , Three , Darrell-issa , True-value

Detailed text transcripts for TV channel - MSNBC - 20111101:10:51:00

reddi-wip uses real dairy cream. nothing's more real than reddi-wip. i find investments with e-trade's top 5 lists and use pre-defined screeners to work smarter. not harder. i depend on myself to take charge of my financial future. [ bell dinging ] to bring you a low-priced medicare prescription drug plan. ♪ with the lowest national plan premium...

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Detailed text transcripts for TV channel - MSNBC - 20111101:11:02:00

to a rival, a deal the company needed to stay afloat. instead of making the deal the firm headed by jon corzine filed for chapter 11 protection yesterday. the investigation centers on whether mf global diverted customer funds to support its own trades. >> i don't understand this, mort, at all. you have a guy like jon corzine, good guy, knows the street, understands what happened in 2008. there are so many things i don't understand, why he would risk his good name first of all. secondly why he would invest, make one -- his firm would make one of the riskiest investments possible. >> the worst investment possible. by the way, investing this kind of money in european debt, this was a risky thing when he did it. i mean, i don't know what he expected would come out of it. to risk the entire firm on one bet basically at this stage of the game, he just goes into it within a matter of months and puts the entire -- >> would you call that decision

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Detailed text transcripts for TV channel - MSNBC - 20111101:11:03:00

reckless? negligent? where would -- because harold was just saying, if he'd had a couple weeks if europe had turned around they would have been fabulously wealthy. >> if it's not only reckless, i mean, it's irrational beyond belief. i don't care what -- >> so you haven't made any investments of this kind over the past six months. >> if i did, i made it through people who were doing it and i didn't know about it. >> right. >> because anybody who's been watching what is going on there, that is the single most serious danger to the entire western business world now. you could see a complete collapse of the european financial world within a matter of days or weeks. now, i mean -- >> and the impact here if that happens, we'll get to that story in a moment -- >> most of america, too. >> sure. >> it looks like the people of greece want that to happen. i can't believe how reckless they're being. but if that happens we're all in trouble. >> we're all in deep trouble because it's a contagion effect.

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Detailed text transcripts for TV channel - MSNBC - 20111101:10:50:00

then they can do a corzine for as long as their shareholders let them. >> right. again, this firm failed so this is for those who have been critical of bailouts or investments from the government this is what should happen when a firm makes a big bet and it doesn't work out whom ever the person, be it small, medium, or large they should suffer the consequences. and apparently jon corzine is not going to be compensated for what happened here. had he sold the company he would have according to joe. >> if only we could be assured that all big banks or all big companies had failed wouldn't be bailed out by taxpayers but we are still looking at that with five or six banks. >> willie's news you can't use is next. i'd like one of those desserts and some coffee. sure. cake or pie? pie. apple or cherry? cherry. oil or cream? oil or cream? cream.

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Detailed text transcripts for TV channel - MSNBC - 20111101:20:48:00

there's only 100 of them, so that's still good money. 2010, two years later, up to $784 million. i actually think that the senators' return is a little better. >> i saw a story several months ago, and didn't see a follow-up on this, and that was beginning to look at just the stocks, the investments, the ipos, the insider trading that was going on on capitol hill. now, where is the rest of that investigative piece? beyond the numbers, we need to know how day got access, how they knew when to trade, and how they got the increase in their accounts. because there'story there, and the ending. >> the thing is, and remember, in covering both the health care health reform process, and i believe there was a young executive professional working for -- in senator max baucus' ç office, excuse me, from wellpoint, which was one of the monopoly health insurance companies, who was really administering a lot of drafting

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Detailed text transcripts for TV channel - FOXNEWS - 20111031:20:03:00

Detailed text transcripts for TV channel - FOXNEWS - 20111031:20:03:00
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.

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Detailed text transcripts for TV channel - FOXNEWS - 20111031:01:19:00

intellectual discussion is not correct. i know what happened. in texas we have seen it and americans are dying for a president that understands create ago environment where job creators know they can risk their capitol and have return on investments they will go create jobs and lots of them. >> what do you think of president obama's plan to pull all u.s. troops out of iraq by the end of the year? >> any time as commander-in-chief. i wore the uniform of our country as a pilot in the united states air force. i am a commander-in-chief 20 plus thousand texas national guard troops we loaned to the federal government on a regular basis. the idea that a commander-in-chief would stand up and signal to the enemy a date certain of which we are going to pull our troops out i think is irresponsible. talking to your commanders in the field and you need to be working with the experts who understand what's going on. we need to finish our mission in iraq and afghanistan. you better believer i want our kids home as soon as we can and

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Detailed text transcripts for TV channel - MSNBC - 20111031:08:11:00

officials in the department of energy on the merits. >> should government be playing venture capitalist to try to prop these industries up? >> well, we believe this loan program is very important. by the way, it was a program that was supported by president bush. so there's been support in both parties. many of the members of congress who offered criticism themselves were lobbying for funds for companies like this. so, i think the order -- listen you see what's happening in other countries. you know, huge investments. in this clean energy sector. we have to do everything we can. and by the way, it's not just through this loan program. one thing i don't think's gotten enough attention, humbly, is the president has doubled fuel efficiency standards. so by the middle of the next decade the average fleet in this country is going to get 56 miles per gallon. means a couple thing. over 2 million barrels of oil being used a day. that could be over half the oil we import from opec. and it could mean the automotive industry which the president saved is going to continue to innovate and lead the world and that couldn't be more important to lead the economy. >> will the white house cooperate with a congressional

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