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McCain Breaks With Romney, Won't Continue To Back Mourdock

In an interview with CNN’s Anderson Cooper tonight, Senator John McCain (R-AZ) broke with Mitt Romney and said that he could not continue to support Indiana Senate Candidate Richard Mourdock unless he offers an apology for saying during a debate on Tuesday night, that pregnancy after rape is “something that God intended to happen.” While several high-profile Republicans have sharply denounced Mourdock, Romney continues to support him and will not ask for Mourdock to take down a TV ad with Romney endorsing his candidacy. Incidentally, it’s the only general election ad that Mitt Romney has appeared in for a candidate for U.S. Senate.

COOPER: "Senator John McCain made some news on this when I asked him earlier if he still has – well, if he still supports Mourdock."

COOPER (on tape): "Do you still count yourself in his corner?"

MCCAIN (on tape): "It depends on what he does. I think it depends on what he does. If he apologizes and says he misspoke and he was wrong and he asks the people to forgive him, then obviously I’d be the first – you know, as I said, I'm not sure how big a mistakes that I’ve made. But, you know, in the years that I’ve been around, I’ve made a few, Anderson, and I’ve asked for people's understanding and forgiveness when I won't -- when I own up to it. It’s when you don't own up to it when people will not believe you."

Senator McCain is also the only Republican thus far to call on Mourdock to apologize for his outrageous statement on rape.



Why Goldman Sachs VP Greg Smith Resigned

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Greg Smith, the ex-vice president of Goldman Sachs who resigned last spring after publishing a scathing op-ed about his former employers in the New York Times, has a new book out (“Why I Left Goldman Sachs”) and appeared on “60 Minutes” last night to talk to Anderson Cooper about it.

Smith said Goldman, like other firms, started several years ago to use client information to bet with its own money, sometimes against its own clients. Getting an unsophisticated client, he said, became the “golden prize” because the “quickest way to make money on Wall Street is to take the most sophisticated product and try to sell it to the least sophisticated client.”

Greg Smith: So what Wall Street will do is, they will approach one of these philanthropies, or endowments, or teachers' retirement pensions funds, in Alabama, or Virginia, or Oregon, and they'll say to them, "We have this great product that is gonna serve your needs." And it looks very alluring to these investors. But what they don't realize is that up front, they're immediately paying the bank two million dollars or three million dollars because of their lack of sophistication.

Anderson Cooper: So they don't say to the client: the price you're paying for us to execute this trade is a million dollars?"

Greg Smith: That's a huge part of the problem. Not at all.

Anderson Cooper: How can it be that the client doesn't understand what the bank is making?

Greg Smith: These are very complicated derivative securities which takes a Ph.D. in physics or in engineering to understand. And there are pension funds and mutual funds that represent people's 401(k)s and retirement savings that are trading the most complex instruments out there without fully understanding them.

Anderson Cooper: So, did the people you work with want unsophisticated clients?

Greg Smith: Getting an unsophisticated client was the golden prize. The quickest way to make money on Wall Street is to take the most sophisticated product and try to sell it to the least sophisticated client.

Goldman rejects Smith's accusations that the company puts its own interests ahead of its clients and conducted an internal investigation aiming to disprove the charges. Smith really abandoned Goldman because his superiors refused to promote him to managing director and more than double his salary to more than $1 million, the company says. Blankfein this month that he's "not really concerned about the book's revelations."

Smith said he "absolutely" would have left Goldman Sachs told CBNCs even if they had agreed to his promotion and salary increase. With his book completed, Smith doesn't yet know what his next move will be. "I was not doing this in order to get hired at another Wall Street bank."

A full transcript of the "60 Minutes interview" is available here.



Journalist Marie Colvin: 'Why is No One Stopping This Murder?'

[Marie Colvin on CNN with Anderson Cooper Tuesday night. This video report contains graphic content. Viewer discretion advised.]

Marie Colvin, in her last report from Homs, Syria shows the heartwrenching slow death of a tiny baby boy as he lays in a hospital after being struck in the chest with shrapnel. She said it was important to share his story and images.

"That little baby is one of two children who died today," Colvin said. "That baby probably will move more people to think, what is going on, and why is no one stopping this murder in Homs that is happening everyday?"

The London Sunday Times’s Marie Colvin was killed early this morning when the home where she was staying was attacked along with French journalist Rémi Ochlik. Colvin, an American citizen, was the only British newspaper journalist inside the Homs neighborhood of Baba Amr, which has been under siege for weeks, and resulted in thousands of casualties.

Colvin, in an interview with CNN's Anderson Cooper the night before her death, said that the Syrian crisis was the worst conflict she had covered partly because of the amount of ammunition and shelling. "There's a lot of snipers on the high buildings surrounding the Baba Amr neighborhood. You can sort of figure out where a sniper is, but you can't figure out where a shell is going to land," she said.

Colvin and Ochlik's deaths Wednesday follow that of acclaimed New York Times author and journalist Anthony Shadid, who was reporting in eastern Syria when he died last week after suffering an apparent asthma attack.

[Via: NYT, Video via CNN]