Page 14 - Saving Account News Today : Breaking News, Live Updates & Top Stories | Vimarsana

president obama arriving in france for the g-20. the big story is greece, gamble with the global economy, and how could it cost the membership in the eu on this "american morning." good morning to you. it is thursday, november 3. welcome to "american morning." ali velshi is in stormy france. bad weather there. we will be talking to him in a few minutes about the g-20 minutes. >> stormy weather and stormy politics. up first, the scandal dogging herman cain's presidential campaign. growing larger this morning. associated press reporting that there is a third woman who accused cain of...

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, ...

Returns on my saving account. >> this is more than that. it was like 10% to 12%, which was not, you know, doubling your money all the time but more than you'd get in any other risk-free investment. that's the starters. also, and here's where it gets very controversial, he says, picard says there were certain red flags, that there were warnings. now, i looked very deeply into this, and this was the heart of my story about fred wilpon. and frankly, i am sympathetic to wilpon on this score, that i didn't see going back into the history the red flags that fred and company knew or should have known...

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...

>> 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...