tv Erin Burnett Out Front CNN June 29, 2012 11:00pm-12:00am EDT
yes. yes, she is, the angel in this case is literal. angela merkel putting another band aid on the europe crisis that buoyed stocks around the planet. literally this started in asia and fell all the way through. this was pretty incredible news. she caved sort of. looks like they're about to kiss, doesn't it? european leaders today said they'll allow troubled banks to use emergency money from the european union. basically that means mostly german rescue funds. that's the truth of it. the bottom line, it means the money will get to the banks more quickly. helping countries like spain, whose crisis is threatening to break up the entire european experiment. now, the market celebrated, that's for sure. this is not the final solution. as peter mukbar told me today. party on and turn that glass over as time is only being fought, and only the symptoms are being fought as the underlying disease of excessive debt and lack of growth still remains. >> signs of the disease is
two-year low and at least eight of the countries in that nation are in recession. and now joining me is the co-founder of the third way. and obviously, when things happen in europe, the stocks plunge, and people say this is not the final solution, but more significant. >> well, the market loved it and germany stepped up. germany is the one country who can save europe right now, and they are the one economy that is growing. what they passed and agreed to, erin, essentially the best way to describe it is mini t.a.r.p. a mini bank bailout like we had in the u.s. in september of 2008. the markets loved it. but i don't think this say long-term solution. i think europe still has really systemic problems. one other point, it was a great day for the market today.
but the market just recaptured most of the losses from earlier this week so let's not -- >> there has some bad days. jim, the president had his health care victory. important to him in so many ways. but what's happening in european is out of his control. really might be what really does control re-election. how big was this move in your view in europe? something that's really going to stabilize it and allow economic stability here that will result in job creation and a re-election for him? >> good couple of days for the president no doubt about it. if you remember, a few weeks back, the president did a press conference in the white house. he was talking about europe. i think a lot people were wondering why he was doing that. was he talking about, you know, making some rationalization for slow growth in the u.s. i think one of the things he was saying was it was a message to europe which was the time has come that you got to pull together and do some sort of solution. i agree with steve. this is not a long-term fix to europe's problems. >> right. >> but you can't solve the long-term problem without solving the short-term problem. and i think this solves a problem for the president. there are two head winds to the economy. one is housing. we're seeing some rays of
sunlight there. the other is europe. and this should take europe off the table i think as a negative thing for the economy. for at least the rest of the year. >> i'd like to think that's true, that europe has passed -- that the worst is behind them. i don't believe that. look, erin, the problems with europe are not so much monetary. even in the banks, as bad as the problems are in the banks. the problem is they have a regulatory structure, a tax structure, that isn't competitive in global markets. nobody wants to start a business, open a factory. we had a piece in "the wall street journal" this week about how in some european countries they now have a policy if you get sick on your vacation, you get another week of vacation. there's not enough people working in europe. >> wow. >> great policy, right? >> a lot of americans are saying where do i move to get that? >> it is just symptomatic of a kind of culture in europe that cannot give up these entitlements that are driving the country down. >> it's interesting, before we
get too excited, jim, that this is the same angel, angela merkel who earlier this week said europe will not have shared liability for that debt. which is a crucial thing. when you get all kinds of other countries defaulting. she said they will not have shared liability for that debt as long as she lives. >> i guess you only live twice because they now have shared liability on debt. look, i don't dispute -- >> for banks, that is very different. she's talking about you have countries that failed. that is different. >> right, a lot of the sovereign debt in european is owned by the banks, this is -- they're tied together. >> that's a fair point. >> stephen is right, this doesn't solve europe's problems by a long shot, but think the impending crisis of the economic implosion in europe this year, that probably will not happen now. >> you think -- >> we'll see. i mean, hope you're right. i do think that these -- europe just hasn't been serious about getting control of its spending. and its debt. i mean, its debt is a share of gdp is a lot higher than it is even in the united states.
the real question of whether they can kind of grow up in europe and say, look we got to get back to work. we got to become competitive. i'm not so sure they have the will power to do it. germany, as i said earlier, is the one country that's really doing well. they have very low interest rates. the question is whether the german people -- because angela merkel has to be accountable to the citizens. they don't want to bail out france and spain and italy -- >> they see it as they're sitting there working hard. then have a lot of issues as other european countries. france wants to cut their retirement age to 60. this whole thing about i'm sick on vacation so i get another week of vacation. >> that's a big problem. who do they compete with? they compete with asia. the asians work 70 hours a week. >> don't they already get six weeks a year? six weeks or something? the month of august? >> exactly, everybody takes july and august off. >> i have to tell you jim and steve, maybe we are all just a little jealous. maybe the whole system may fail,
but this time of year. thanks to both of you. we'll take that gain where we can get it. best june in 13 years for stocks. republican presidential candidate mitt romney says he's going to repeal obama care on day one. why it doesn't add up. and the iphone 5. looks like it was a killer. in more ways than one. george zimmerman had a bond hearing today. his attorney explains why zimmerman and his wife transferred so much money between their bank accounts before that bond hearing. he's "outfront." i upgraded to tw sprint direct connect. so i can get three times the coverage. [ chirp ] [ manager 2 ] it's like working in a giant sandbox with all these huge toys. and with the fastest push-to-talk... i can keep track of them all. [ chirp ] [ chirp ] [ male announcer ] upgrade to the new "done." with access to the fastest push-to-talk and three times the coverage. now when you buy one kyocera duracore rugged phone, for $49.99, you'll get four free. visit a sprint store, or call 855-878-4biz. [ chirp ]
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all right. our second story "outfront," mitt romney's day one promise. >> what the court did not do on its last day in session, i will do on my first day if elected president of the united states. and that is, i will act to repeal obama care. >> that is not the only day one promise mitt romney has made. >> day one. president romney immediately approves the keystone pipeline, creating thousands of jobs obama blocked. day one, president romney announces deficit reductions, ending the obama era of big government, helping to secure our kid's futures. president romney stands up to china on trade and demands it
play by the rules. >> some of those things are kind of vague and hard to do on day one. but these promises are politically often easy to make and rather hard to keep. in fact, president obama tried to fulfill his campaign promise on day one. >> we're going to close guantanamo and restore habeas corpus. >> now, on day two of his presidency, he did sign an executive order to close gitmo. then he realized it's not that simple. 3 1/2 years later of course gitmo is still open. does mitt romney's day one promise amount to more than campaign talk or not? mckay koppens joins me. michelle goldberg, senior contributing writer for "newsweek." and allison stewart, former speechwriter for rick santorum and mike huckaby and michele bachmann. is this a promise he can keep? >> absolutely. the first thing he'll do is issue waivers to all 50 states in order for them to make their own decision on this.
the plan to repeal obama care, governor romney will bring both sides of the house and senate together. republicans and democrats. and he will work together in order to find the best solution to health care which includes free market reforms. what we have -- what we had yesterday, we had reaffirmation of another broken promise on the part of the president. this thing is nothing more than huge taxes. it includes an array of taxes. more than 21. and 12 of them affect the many people he says will not be affected. those making less than $250,000 a year. another broken promise and something that americans can't afford. >> obviously michelle does not agree with you. on this waiver point, my understand, only certain provisions could be waived. and only if states have immediately implementable ideas. it is not the entire idea, this waiver idea would get rid of the whole bill? >> this is the first step in a series of steps. putting the power in the hands of state is the most important
thing we can do. this is a states rights issue. let them put the power in the people of what we need to do. while the supreme court made an important decision yesterday, the final verdict will be in the hands of the people come november. >> all right, michelle this is -- to repeal it is very complicated, right? he can't just repeal it. even saying he has to get these waivers -- >> -- this loophole -- >> you have to get congress, a filibuster proof majority. which to get to 660, they have to keep all of the seats and get 13 of 21 democratic seats and nobody is saying they are going to do that? >> no, they are not going to do it legislatively and it is inconceivable even in a utopian scene where the republicans take all three branches of government. >> one person's utopia is another's dystopia. >> right. >> as well as people like me,
you know, the rest of us who could at any time be completely bankrupted should we run into unexpected medical trouble but that's a kind of side point. sometimes you'll hear them throwing around this idea that republicans, if they only take a majority of the senate but not a filibuster proof majority, that they could use the reconciliation process to try to undo obama care that way. the reason they can't, i think this is important for people to understand, is because the congressional budget office has estimated that repealing obama care will add $145 billion to the budget between 2012 and 2019. one thing that always gets lost in this debate, partly because romney's been so dishonest by saying obama care adds to the budget deficit, is that this is a bill that not only kind of expands insurance to many, many millions of people, but it also attacks the budget deficit. >> right. well, i mean, that is the cbo estimate. i know some people may disagree but mckay -- >> i know, but republicans have their own numbers.
>> these are the official numbers. >> there are many studies out there. they do show different numbers. the whole point is, you can't go through the reconciliation process unless the bill at hand is shown to add to the budget deficit. and the arbiter of that by law is the cbo, correct? >> right. >> they say it doesn't so that means reconciliation, what they've been talking about all day, won't work. >> it's almost a political mirage here to say as soon as president, you know, a president romney gets into office he's going to be able to magically waive his wand and repeal it. this will be a long drawn-out fight in congress. and it remains to be seen whether he would want to use his political capital on day one to refight this battle of 2009. that really it's a political loser in a lot of ways because he's also said on day one he's going to attack the problem of joblessness, right? so if he wants to pass a jobs bill, he doesn't want to waste his time working on this. >> this brings me to the point of when you look at what americans are most worried about in this country, you know, it's jobs. the deficit. a lot of immigration.
all come before health care. i mean, should he be wasting his political capital now trying to get votes? and if he were to win on this? >> well, remember, romney's been very smart, in that he has been focusing on jobs and the economy. that's why people trust him to fix the economy over the president. and one thing is important to note. while this is -- economy's the number one issue, you have to keep in mind in terms of the numbers, obama care will cost $2.6 trillion over the next ten years. that's quite a bit of money. and in terms of whether or not the republicans will take over the senate, we'll certainly hold the house. and we have all expectations and are optimistic we'll take control of the senate. we don't necessarily need a republican majority. we're already seeing democrats distance themselves from the president. look at mccaskill. they're also distancing themselves from the president. so they're going to break ranks with the democrats if this is, you know, we get back to november because they're not going to want to -- they won't
be able to face their constituents and support this largest tax increase and this huge tax burden on the american people. >> does it make sense for mitt romney? alice makes the argument from her side of the aisle it makes sense. do you think it does? >> look, she's right there are certain blue dog democrats who have switched sides on this. it seems highly unlikely mitt romney will be able to bring enough democrats on to his side to repeal this without significant gains and republican gains in the senate. which i mean they might get a majority. they're not going to get a super majority. with filibuster rules the way they are it seems unlikely -- >> maybe he has a better chance with china, michelle? his other promise? >> if mitt romney is able to get democrats on board to repeal the signature kind of progressive achievement of the last 50 years, i will name my first-born child willard even if it's a girl. >> willard? you couldn't even go with mitt? i mean, honestly? he doesn't even use willard. hey, we'll take it. that's as close as you can get.
thanks to all three of you. we appreciate it your taking the time. the iphone debuted five years ago today. it might be to blame for the slow descent of what is still my beloved. hundreds of homes destroyed in colorado. we have a stunning picture that came in today to give you a sense of how dramatic this is. before and then after the fire struck. we're going to go to colorado next. someplace different every morning? get two times the points on dining in restaurants with chase sapphire preferred.
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so the iphone is five. no, no, i didn't say that the iphone 5 is out, but i said that the iphone is five, as in 5 years old. the original iphone and remember how fatt it looks relative to hw they are now. it went on sale in 2007 and at that time they were $200 more expensive than other smartphones, but it ended up being incredibly successful and we all know that selling 6 million students. and three more versionings of the phone were released to lines like this all around the world. this looks like it might have been tokyo, and all totaled apple sold 50 million iphones, but they had competition along the way. remember these guys?
the razr 2 and the voyager and the palm centro also releesasedn 2007 and also the blackberry curve. it was all of the rage and crack berry and people would feel phant phantom vibrations on the legs and not just politics. some compared it to pavlov's dog, and that brings me the number tonight, 19%. that is the company research in motion saw the shares plunge today. in the latest quarter $518 million lost and 33% plunge in revenue and that is a complicated chart, but those are the headlines. the company said it will cut as many as 5,000 jobs which is a current one-third of the workforce which is obviously bad news for me and ilover and the most famous blackberry owner. you see him. that is is a curve.
it is a silver curve like the one we showed you. that is the president. and despite half of the company's troubles, and including the president of the united states still use blackberrys and obviously much more secure and iphone is not something you want him tapping text messages on, about, i don't know, iran, syria, russia or anything else. we will wait to see how long research in motion can hold on to them. we are rooting for them. >> and now out front, colorado's worst wildfire raging across the state. president obama declared ate disaster as he toured the devastation today. 16,700 acres have been scorched, 346 homes destroyed and 20,000 right now are still standing in the fire's way. two people are confirmed dead. and the body of the second
victim was found this afternoon in the same destroyed home as the person found last night. i want to show you a picture, just an unbelievable picture. to give you a sense of this before and after. this is mountain shadows. a subdivision in colorado springs. we'll show you the before picture. then you can see the after picture to get a sense of just how incredible this has been, how this fire has completely razed entire neighborhoods. really destroyed so many lives. jim spellman is "outfront" tonight in colorado springs. jim, what is the latest that you can see tonight? >> we just got word from fire officials here the containment is now 25%. that's really good news here. they've taken advantage of a little bit a break in the weather. it's still hot here but not as hot as it was a couple of days ago and the winds are much lower. they are still going at this full force from the air, with helicopters and on the ground with ground crews up there in the middle of this fire trying to create fire lines and make sure no more homes were destroyed. last night, residents who lived in the area that was destroyed got word of that firsthand from the mayor here. as people were starting to find out, starting to really sink in. i caught up with a woman today named susan. she's raising her four grand kids after her daughter died. and their home is now destroyed.
her four grandsons and susan are now homeless. trying to figure out what they're going to do next. take a listen. >> we could see in our rearview mirrors the side of the hill just exploded. there had to be 40 fires, just bam. can't just walk around feeling sorry for yourself. got a lot of people to consider. and if you fall apart, what's going to happen? >> susan and the grandkids are staying with a friend now. like a lot of the people here. other people in the community have taken them in when they've lost their home. tomorrow or sunday, rather, they're going to get a bus tour in their neighborhood. they won't be able to get out of the bus. but they'll be able to see their home for the first time after this fire, erin. >> amazing. people's lives. thank you very much. appreciate it, jim spellman. the sanctions that the u.s. imposes on companies that do business in iran are supposed to be pretty tough. to companies around the world, so why can samsung sell its
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told you about on "outfront." the reverend oliver white of the grace community united church in st. paul, minnesota. he lost his battle to keep his church open. most of white's congregation left him after he came out in support of same-sex marriage in 2005. since then, though, he'd been trying to keep his church financially afloat. he tonight tells us he couldn't raise the money. tomorrow, he'll start looking for a new church and build a new congregation. someone reached out to him and said, look, i'll give you the money if you take back what you said about gay marriage. he refused to do it. reverend white tells us that he does not regret standing up for what he believes in. just days before government-backed student loans were scheduled to return to their rate of 6.8%, congress formally approved an extension of the current 3.4% rate, which was supposed to be a temporary taxpayer-backed rate. the u.s. department of education tells "outfront" that as of last september, there were 37 million active federal student loan borrowers. they owed about $850 billion.
about $5.4 million of them have loans in default which totaled $67 billion. and there's a stalemate tonight between the u.s. and russia. as the countries try to bridge differences over how to handle syria. on the eve of another multinational conference, one state department official told reporters, quote, we may get there tomorrow, we may not. the united states says syrian president bashar al assad has to go. russia says outsiders shouldn't dictate, interesting word choice, the solution. russia's also syria's largest arms provider. we checked in with sources at the consul on foreign relations who say russia must first be assured assad's departure will outweigh any potential burden for russia. now, to molly. we've been following this situation. the african country is in the midst of chaos. al qaeda linked fighters want to battle in timbuktu. the fighters, part of the al qaeda islamic maghreb, say they've taken control of the northern half of the country and
they will be imposing restrictive shariah law. we are told that stores will be closed outside of thele mali, and government workers fear they will not get paid. it has been 330 days since the u.s. lost its top credit rating. sure, it was a great day on wall street. along with that surge came a surge in oil prices. up 9.5%. it was the biggest jump in the year. part of the reason was new sanctions set to start this weekend with europe not buying iranian crude oil. when it comes to oil, it doesn't matter where it comes from. it's all black stuff sloshing around. if you cut off a supply from one place, it means more pressure on other suppliers and that means prices will go up around the world. our fourth story "outfront." the samsung galaxy and iran's nukes. now, everybody wants a smart phone. in fact, samsung sells more smart phones than apple. so what does this smart phone have to do with iran's nuclear program? plenty. this is supposed to be a
breakthrough weekend. the toughest sanctions in history are set to take effect against iran. europe will stop buying iranian oil, and the goal is to cripple iran's economy and force the government to end the nuclear program. oil accounts for 80% of the iranian government's export revenues and losing that money is hurting. officially right now, inflation in iran is 22%, but a source tells "outfront," i it may be more than 50%. the $39 monthly government subsidy that has been doled out to help iranians buy food has been scaled back due to a shortage of cash. sanctions are working. but perhaps not by nearly as much as they could. because the problem is that sanctions don't add up. first, the united states gave an exemption to china. allowing it to buy iranian oil. yes, china is allowed to buy iranian oil and still access the american financial system. yes, china is the single biggest
buyer of iranian oil. even though they've cut imports under u.s. pressure. in fact this is amazing. the united states has exempted all three of the top three buyers of iranian oil from these sanctions. china, japan and india. the state department made this decision. the second issue, that's where samsung enters. when i was in iran about 18 months ago, the korean electronics giant had a store in a mall i visited. that's it. right there. it was a beautiful brand new store that you would find in a fancy mall just like in new york, chicago, boston. we confirmed that store you're looking at there was a legitimate samsung store. in fact, all the television, i saw in hotel rooms, in homes, in stores in iran were samsung. samsung operates openly in iran. it confirmed to "outfront" it has stores there now and it sells the galaxy. the galaxy 3, the new one, only just available in the u.s.,
along with printers, cameras and televisions. now, this isn't samsung's fault. it is totally legal and above board. i want to emphasize that, because the issue is with the united states government, because while the u.s. was putting the harshest sanctions in history on iran, it signed a free trade deal with samsung's home country south korea. that was the biggest free trade deal for this country since nafta. korea got preferential access to u.s. markets. in exchange, the u.s. did not demand the companies choose between doing business in the united states or iran. so they keep selling in iran. iranian imports from south korea surged 49% in the first three months of this year, according to reuters. which also notes that 2,000 south korean companies do business in iran. that is unbelievable. in a time of sanctions and hardship, iran's buying 49% more from south korea than it did a year ago. you'd think if the u.s. wanted to get the world on board with sanctions, it would use its powerful financial leverage.
sign a free trade deal with you, korea, if you cut your ties to iran. the decision to not do that was made by congress. making life hard for the man who fights every single day for sanctions against iran. he's david cohen, american sanction czar, treasury secretary for terrorism and financial intelligence, and he is "outfront." sir, great to see you and i know you have worked tirelessly for sanctions and financial sanctions, shutting off the u.s. banking system to companies and countries that do business with iran. is it frustrating that the u.s. state department gives exemptions to these countries? >> let me address, first the issue of the exemptions given to china and to other countries that have been importing oil from iran. the policy that we have been pursuing, working with congress on this, is to work with countries that are importers of oil from iran, to significantly reduce the amount of oil they're importing.
>> do you feel confident those countries are really going to go to zero? >> well, the way this legislation works and the policy we're pursuing requires these countries to significantly reduce their oil imports over time. >> what about the issue with south korea and samsung? sanctions are supposed to be taking a huge bite and as pointed out, we all know they are, but south korea is selling 49% more to iran this year than it was a year ago. >> look the way our sanctions are designed is principally to go after illicit actors in iran. for countries like south korea and others, they have been very, very good partners in isolating the financial institutions and others who have been identified as the illicit actors in iran. there is not a global trade embargo applied to iran today. >> absolutely. i understand that. u.s. companies aren't allowed to operate there. i know you have the discretion to give some of them licenses. usually that goes for health-related things. things that are needed for
humanitarian purposes. when i was there, all the u.s. brands i saw, dodge chargers, levi, all of that, the american companies say they don't allow anything to go there. that would be an violation of their perception of the whole point of sanctions, and anything getting there is illicit and it is not supposed to be there. so it is a different standard applied to u.s. companies versus, say, samsung on that face. >> well, that's right. we have for our own part essentially forbid u.s. companies from dealing with iran. with the exception, as you note, for food, for medical devices, for pharmaceuticals. >> if you had full control over everything, i know you're pulling all your financial lever, but what would you do to really make these sanctions work 100%? i just ask this because i know it's not just israel but other american allies in the region, arab allies say they don't know
that negotiations and in some cases passionately believe that negotiations or sanctions will not ever deter iran from what they believe is its ultimate goal. >> for our part, we're going to continue to pursue the pressure track of the dual track strategy. that means additional pressure to come. i'm not going to forecast precisely what we're going to do. but your viewers should know that there is more to come. >> all right. and now the story everyone's talking about tonight. tom cruise and katie holmes divorcing after nearly six years of marriage. the glamorous couple were a staple on the red carpet and tabloids. and who could forget? >> have you ever felt this way before? >> yes, yes, yes. jumping on the couch with oprah, professing his undying love for katie. that was back in 2005. that was no ordinary show of affection. and this will not be an ordinary divorce. "outfront," divorce lawyer to the stars, bernard clair. good to see you, sir. appreciate your taking the time. this is not ordinary. it's not even ordinary among megastars.
tom and katie holmes, a star in her own right. tom cruise, biggest movie star in the world. >> correct. >> what do we know about the money here? >> we know nothing about any of it right now. we assume some things. there have been reports for a while. namely that there is a prenup. that the prenup has a sliding scale for what we call as divorce lawyers time served. $3 million a year for each year of marriage. that's what we have heard. but we don't know that. >> okay. so $3 million. so you have $25 million i guess theoretically. but what's the -- what's the totally net worth? i've seen tom cruise worth $250 million. i was surprised. this guy's been the biggest star in the world for a very long time. i thought with the numbers he rakes in for movies it could be more. >> maybe it is. it may not matter one way or another because the prenup may take those issues out of the mix. the job for the judge will be merely to enforce what's in the contract. >> so let me just ask you a question. they obviously live in california and new york. katie holmes filed her papers in
new york. what would be the reason for that? >> i think there are two reasons. one is the child, suri, lives here in new york. if there is custody controversial or even a battle, this is where it should occur because the child activities are here. pediatricians, et cetera, all here. secondly, new york is a little more private than california with respect to our filings. in california, the filings go right up on e-tube right away. >> that's why you can always read the causes or -- we don't know the causes here. usually hear irreconcilable differences. >> and we have that in new york as of two octobers ago, we finally became a no-fault state. so all that has to be shown is six months of irreconcilable differences basically. >> people will be talking about that. still "outfront," george zimmerman's attorney is on the show. he said his client needed to repair his credibility. we'll ask him if he did that. the bond hearing was today. and the reason why i'm watching the progress of a ship
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we're back with tonight's outer circle where we reach out to sources around the world. to cairo where president-elect mohamed morsi was widely expected to appoint a woman and a christian to his cabinet today. instead, he told a crowd in tahrir square that the people are the source of his authority. dan rivers was there, and i
asked him about the reaction to the speech. >> erin, the crowd loved what he said here. it was a rabble rousing speech with roaring rhetoric. he did have some concessions to the nonmuslim brotherhood supporters. people who were concerned about his ascension to the presidency. he talked about governing for everyone. he mentioned christians. he mentioned women. and was saying that he will govern for the entire country. a hint perhaps of the direction he will take egypt. everyone here hoping that he can lead egypt out of the economic malaise that it's currently in. erin. >> thank you very much, dan. and now the big story "outfront." george zimmerman remanins in jal while a judge considers whether to let him out on bail. you will hear from a emergency
worker. >> so you think that he is yelling help? >> yes. >> what is your -- >> and you hear the shot. the defense also called a financial expert to explain why zimmerman was transferring money between several family bank accounts before his first bond hearing. the bond hearing of course at which he did not disclose the money that he had. i spoke to mark o'mara before the show and asked him if he was concerned about this exchange concerning zimmerman's money. >> why would somebody, if i gave you $1 million and you put it in the account, yours and you put it in three other people's in the courtroom's accounts, why
would you do that? >> well, either, you would be gifting or trying to keep it under the fdic rules. >> and for what reasons? >> well, you don't hide money by transferring money in banking. >> you do if you are trying to hide it from somebody's looking into your bank account. >> well, only if you are using your account. and what do you think about this, mark o'mar ra? >> well, paypal says you cannot move more than $10,000 at a time and they were moving it out in $9,000 incements in one or another of george's or shellie's account, and it was not quite clear, but they were moving some of it to the sister's account, because they could do 10,000 and 10,000 and 10,000 at a time,
$30,000 at a time and then moved it to the sister or shellie's account. there is no question they had $130,000, and when the issue was presented, shellie zimmerman did not answer as truthfully as she should have, and we are dealing with the fallout of that. the reason i brought the expert in is that to say that not a penny of the money is missing and that is as relevant as why they were bouncing it back and forth $9,000 at a time. >> you had a emt first responder today and what they had to say was powerful, the person who attended george zimmerman on the night of the killing, and here is what he had to say about george. >> i observed that he had blood on his face and the back of his head. >> and did you consider that it was likely his nose was broken? >> absolutely. >> was swelling and -- >> there was swell iing and blo. and his nose was obviously deformed from what it usually
is. >> and obviously that was powerful in favor of george zimmerman's case that he is trying to say that he feared for his life, but what we have been looking at in the past few days is the reenactment when george zimmerman went back with police to say what happened, and here is what he said then. >> no, he was focused on my head. just a little breeuising there. right there. there is a cut there. >> i think that the swelling went down, because i remember seeing the swelling there yesterday, and not today. >> my wife is an r.n. student, and so she went to work. >> and so, you obviously could not see that, but you have seen it, and it is like a bandage at the back of the head and he said that he didn't need stitches. but this is a guy who is trying to say that his head was slammed repe repeatedly against cement and he is in fear of his life, and you
would think that it would look worse. >> that is up for the judge or the fact-finder. i could go back and forth on the real question that i think that needs to be focused on, and that evidence that you just pointed out sort of helps us, but the real evidence that needs to be focused on is what would the next strike have caused? because afterall, we have to look at what was george thinking was going on? that is the whole issue. that is the essence of self-defense. so, if in fact the next strike were another slamming of the head on the kron crete,concrete remember, there is no one to deny that, because we have an eyewitness who came in and said h through his statement is in evidence, but the man on top who he believed to be in the hoodie, and had the orange shirted person on the bottom, george zimmerman, was raining mma blows on him and used the term ground and pound. i invite you the go on youtube or do a google search for ground
and pound and get a feel for what may have been happening and look at what could have continued to happen. >> and ground and pound and martial arts and i am quickly googling and the viewers will be as well to get a sense of what it is. but what is your feeling, and is your client prepared for this bail decision to go oath either way? what is the mental state right now? how stable is he? >> he is most worried about his wife, shellie, truly is. he wants to get out and understands that he is in the position he is in because of the bond hearing and neither he nor shellie had control of that and he is willing to deal with the fallout of that if he has to. >> how much money have you raised now? the fund-raising continued obviously, but how much additional money has been raised since that first hearing? >> i think about $211,000 in the account now, and certainly money
has been expended and quite honestly in the last week or two, we spent a lot of money to get red defor -- ready for this and the preparation for this, and it has been spent, too. >> thank you for coming on to speak with us, and we appreciate your time. >> yes, thank you, erin. one of the storestory ies o great heroes may have been solved.
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its destination is a pacific island. its crew is hoping to prove amelia earhart's lockheed electra plane went down on that island. earhart disappeared 75 years ago. as i said before, i grew up with her as my idol. it probably sounds morbid but her plane disappear on my birthday so i felt a personal affinity with her too. i felt like that day had to be the beginning of something for her. like maybe a secret life the rest of us would never know about. which i why i'm conflicted about the voyage. sure, it's amazing. they have robotic equipment that weighs more than 25,000 pounds to go under 5,000 feet of water. but i'm conflicted because part of me wants to hold on to that belief that she lived. i'm hoping they'll prove she was tonight, the always outspoken oliver stone gets a get prickly about some of my questions. >> you english always do that. >> he does talk about the war on drugs.
>> a huge problem. it's not going away. >> and his new movie. >> names, history, stash houses. >> that ain't part of the deal, buddy boy. >> it is now. there's a lot of twists. it's a wild ride. >> and the world of greed since he made "wall street." >> the banks were doing what gekko was doing in the 80s. >> plus, his unforgettable partying past. >> what was the greatest part? >> i've been to so many. i'm lucky. >> mark wahlberg is back with his latest project. >> i've got to get to work. >> i can drive you. i feel fine. >> as racy as ever. >> i d'think you can say this on prime-time cnn. we're just going to have to have a sort of slew of bleeps. >> let me apologize. >> tonight, the one thing you never thought you'd see him go. >> she said, you okay with talking about it? i said sure. >> this is "piers morgan tonight." good evening. our big story tonight. oliver stone. on his first oscar more than 30 years ago for "midnight