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Way because there are procedures for letting people go if performance is not up to par. >> six to nine months later, the general counsel comes in and says, it's settled? >> yes. >> did you act like, what did you do? >> i did. >> what were you told? >> he said, this started out where she and her lawyer were demanding a huge financial settlement i. how much? >> i don't remember the number. >> thousands or hundreds -- >> thousands. but i don't remember a number. but then he said, the good news is because there was no basis for this, we ended up settling for what would have been a termination sett...

I am not, i wasn't even aware of it and i hope it wasn't for much because nothing happened. >> how the cain campaign and how herman cain deals with this in the next 24, 36, maybe 72 hours depending on how this story develops, will be the key to the rest of his campaign. >> this started out where she and her lawyer were demanding a huge financial settlement. >> how much? >> i don't remember the number. >> thousands or00 of thousands? >> thousands but i don't remember a number about. but then i said the good news is, because, there was no basis for this, we ended up settling for what would have ...

What would have been a termination settlement, quite frankly. >> what would that be about? >> maybe three months' salary or something like that. >> the problem with this entire thing, i don't -- >> it doesn't seem as big of a deal but i think the problem was the way this whole thing has played out. in the beginning it's i don't know what you're talking about, i vaguely remember and all of a sudden, you know the person and he goes on to say he knows the name of the second woman because they came up to him 10 days ago, politico did and here we have the name of the second woman and then he recall...

We've been busy trying to get my message out. >> so there he said he is unaware of any settlements. >> yeah. and just hours later, cain taped an interview with fox news and then he changed course completely, admitting he was aware of a settlement with an accuser. >> the general counsel comes in and says it's settled. >> yes. >> okay. did you ask like what did you do? >> i did. >> and what were you told? >> he said, this started out where she and her lawyer were demanding a huge financial settlement. >> how much? >> i don't remember the number. >> thousands or hundreds of thousands? >> thousand...

Association had an agreement with this lady. >> yes, that was some sort of settlement or termination, and i don't even know what the contents of that was. >> we ended up settling for what would have been a termination settlement three months salary or something like that. >> senior political writer for politico maggie haberman joins us now. nice to see you. >> thanks for having me. >> all right. let's take a listen to the latest from cain this morning. >> i was falsely accused, and secondly, the word settlement suggested to me some sort of legal settlement. and as i recalled what happened 12 y...