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Rhonda Schwartz, ABC News producer, describes the findings of her investigative team as they watched Bernie Madoff while under house arrest.
Schwartz recalls, "He was sitting there happily, having a little Perrier, working on his computer."
Tom Fuentes, recently retired FBI agent, slams the "frivolous" reporting of journalists on U.S. decisions and policy announcements.
"There needs to be harder questions asked," says Fuentes.
Glenn Simpson, former investigative reporter for The Wall Street Journal, discusses his decision to resign.
He plans to start a privately run investigative journalism company and "pioneer yet another new model to keep investigations going."
Martin Reynolds, editor at The Oakland Tribune, finds optimism in the difficulties of cost-cutting, content sharing, and budget constraints of struggling newspapers.
"Where we have to hang our hat is investigative reporting and watchdog journalism," he says.