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Detailed text transcripts for TV channel - FOXNEWS - 20110529:16:42:00 - Vimarsana News

Detailed text transcripts for TV channel - FOXNEWS - 20110529:16:42:00

Crude moves up and down. the oil industry does get tax breaks as many companies in the other industries. it's not clear that it's anything more than short-term health. we want the know are the higher gas prices changing the summer driving plans? what do you want washington to do? log on to foxnews.com/americashq. we love to hear from the viewers. >> shannon: we'll check back with you. thank you. >> thanks. >> the victims of ponzi schemer bernie madoff have a little something to toast to. his eclectic wine and spirit collection was put up for auction. the top lot was a case of 1996 bordeaux for...

Detailed text transcripts for TV channel - CNN - 20110528:00:37:00 - Vimarsana News

Detailed text transcripts for TV channel - CNN - 20110528:00:37:00

Catastrophe for them. >> principal, you mean the amount they actually invested. >> correct. >> now, let's drill down to the one factual question that picard would have to prove. >> right. >> how does he claim wilpon knew that bernie madoff was a ponzi schemer? >> he says he should have known. >> based on what? >> based on a variety of factors starting with the fact that madoff paid steady, very steady, suspiciously steady returns for year after year after year. 10% to 12%. >> my bank pays me steady returns on my saving account. >> this is more than that. it was like 10% to 12%, which was not, ...

Detailed text transcripts for TV channel - CNN - 20110528:08:37:00 - Vimarsana News

Detailed text transcripts for TV channel - CNN - 20110528:08:37:00

Back, because what picard is saying is that wilpon is not like all the other investors who were essentially innocent victims. what picard is saying is that wilpon and company were complicit, that they knew or should have known that madoff was running a ponzi scheme. so they don't have to give back their profits. they have to give back their principal, which would be a catastrophe for them. >> principal, you mean the amount they actually invested. >> correct. >> now, let's drill down to the one factual question that picard would have to prove. >> right. >> how does he claim wilpon knew that ber...

Detailed text transcripts for TV channel - CNN - 20110528:06:37:00 - Vimarsana News

Detailed text transcripts for TV channel - CNN - 20110528:06:37:00

Have to give back about $160 million, which he could do. >> how much does he want back? >> he wants a billion dollars back, because what picard is saying is that wilpon is not like all the other investors who were essentially innocent victims. what picard is saying is that wilpon and company were complicit, that they knew or should have known that madoff was running a ponzi scheme. so they don't have to give back their profits. they have to give back their principal, which would be a catastrophe for them. >> principal, you mean the amount they actually invested. >> correct. >> now, let's drill...

CNN World Business Today May 28, 2011 - Vimarsana News

CNN World Business Today May 28, 2011

>> she's back after a season of reality tv. sarah palin returns to what she does best. >> wow. >> scaring the heck out of some republicans. >> tea party americans, you're winning. >> is she the king maker or the queen? and baseball and ponzi schemes. >> i got it, i got it, i got it! >> jeff toobin say the new york mets and bernie madoff used to be on the same team. can the mets survive and win again, or will they strike out? >> you're out of here! then, the financial meltdown. who's the blame? a new investigation names names. they failed to do their jobs, and some of them got pro...