Former SEC regulators explain how they would investigate the GE accusations

After a bombshell accusation from Madoff whistleblower Harry Markopolos regarding GE's accounting, GE CEO Culp is defending the struggling company calling it stock manipulation. Jacob Frenkel, a former Securities and Exchange Commission enforcement lawyer, and Harvey Pitt, former SEC chairman and now Kalorama Partners CEO, join "Squawk Box" to discuss what regulators will be looking for when they start to take a closer look at GE and Markopolos' report.