what it isn't therefore true that a corporation like a goldman sachs or j.p. morgan us committing crimes commensurate with other crimes that the state is giving capital punishment for that these corporations and someone represent these corporations should be should be given capital punishment for their crimes against capital if they're individuals should they also get capital punishment for similar crimes well you could really say about this is that there's been so much tension building up as a result of the failure to act in any way to discipline these banks and corporations there's just so much tension building up there sooner or later with his release it's libel to be very shocking and surprising you know where we could heading into a situation that i think is going to resemble the french revolution only you know instead of being directed against their aristocratic or gorky it would be directed against the corporate. or you know you could be very ugly but only at the cutting edge first i mean take somebody like john course seen right he's a former goldman s

one it isn't better therefore true that a corporation like a goldman sachs or j.p. morgan was committing crimes commensurate with other crimes that the state is giving capital punishment for that these corporations and someone represent these corporations should be should be given capital punishment for their crimes against capital if they're individuals should they also get capital punishment for some other crimes while you can really say about this is that there's been so much tension building up as a result of the failure to act in any way to discipline these banks and corporations there's just so much tension building go it sooner or later when it is released it's liable to be very shocking and surprising and you know we're we could heading into a situation that i think is going or resemble the french revolution only you know instead of being directed against their aristocratic or gorky or will be directed against corporate or or were gorky or not or you know it could be very ugly but what made the cut in the first i mean take somebody like i guess john course b

one it isn't better therefore true that a corporation like a goldman sachs or j.p. morgan that's committing crimes commensurate with other crimes that the state is giving capital punishment for that these corporations and someone represent these corporations should be should be given capital punishment for their crimes against capital if they're individuals should they also get capital punishment for similar crimes all you could really say about this is that there's been so much tension building up as a result of the failure to act in any way to discipline these banks and corporations and there's just so much tension building are sooner or later with his release it's liable to be very shocking and surprising and you know where we could heading into a situation that i think is going to resemble for intrusion only you know instead of being directed against eric aristocratic or gorky or will be directed because the corporate or or the gherkin. or you know it could be very ugly but only to cut in interest i mean take somebody like john course scene right he's a former g

wouldn't it isn't it therefore true that a corporation like a goldman sachs or j.p. morgan s committing crimes commensurate with other crimes that the state is giving capital punishment for that these corporations and someone who represent these corporations should be should be given capital punishment for their crimes against capital if they're individuals should they also get capital punishment for similar crimes but you could really say about this is that there's been so much tension building up as a result of the failure to act in any way to discipline these banks and corporations there's just so much tension building up it sooner or later when it is released it's liable to be very shocking and surprising you know where we could heading into a situation that i think is going to resemble the french revolution only you know instead of being directed against eric aristocratic or gorky it will be directed against corporate or over gorky or not or you know it could be very ugly but it will make the cut in interest i mean take somebody like john chorusing right he's a

would it isn't it therefore true that a corporation like a goldman sachs or j.p. morgan as committing crimes commensurate with other crimes that the state is giving capital punishment for that these corporations and someone represent these corporations should be should be given capital punishment for their crimes against capital if they're individuals should they also get capital punishment for similar crimes all you could really say about this is that there's been so much tension building up as a result of the failure to act in any way to discipline these banks and corporations there's just so much tension building up there sooner or later with his release it's liable to be very shocking and surprising you know where we could heading into a situation that i think is going or resemble the french revolution only you know instead of being directed against their aristocratic overgrowth you will be directed to go. over. or you know it could be very ugly but don't make the cut in the first i mean take somebody like john course scene right he's a former goldman sachs he

what it isn't therefore true that a corporation like a goldman sachs or j.p. morgan that's committing crimes commensurate with other crimes that the state is giving capital punishment for that these corporations and someone who represent these corporations should be should be given capital punishment for their crimes against capital if they're individuals should they also get capital punishment for similar crimes but all you could really say about this is that there's been so much tension building up as a result of the failure to act in any way to discipline these banks and corporations and there's just so much tension go to go it sooner or later when it is released it's liable to be very shocking and surprising you know where we could heading into a situation that i think is going to resemble the french revolution only you know instead of being directed against their aristocratic or gorky or will be directed against the corporate or all of the oh you know it could be very ugly but only the cutting of course i mean take somebody like john course scene right he

one minute incident then are therefore true that a corporation like a goldman sachs or j.p. morgan that's committing crimes commensurate with other crimes that the state is giving capital punishment for that these corporations and someone who represent these corporations should be should be given capital punishment for their crimes against capital if they're individuals should they also get capital punishment for similar crimes all you could really say about this is that there's been so much tension building up as a result of the failure to act in any way to discipline these banks and corporations there's just so much tension building up there sooner or later when it is released it's liable to be very shocking and surprising and you know where we're heading into a situation that i think is going to resemble the french revolution only you know instead of being directed against their aristocratic or gorky it will be directed against the corporate oligarchies. or you know it could be very ugly but let me of the cut in interest i mean take somebody like john chorusing right he's

what it isn't then are therefore true that a corporation like a goldman sachs or j.p. morgan that's committing crimes commensurate with other crimes that the state is giving capital punishment for that these corporations and someone represent these corporations should be should be given capital punishment for their crimes against capital if they're individuals should they also get capital punishment for similar crimes all you could really say about this is that there's been so much tension building up as a result of the failure to act in any way to discipline these banks and corporations there's just so much tension building up there sooner or later when it is released it's liable to be very shocking and surprising you know where we could heading into a situation that i think is going to resemble the french revolution only you know instead of being directed against their aristocratic or gorky it'll be directed against the corporate oligarchies. or you know it could be very ugly but let me of the cut in the first i mean take somebody like john chorusing right he's a for

what it isn't then are therefore true that a corporation like a goldman sachs or j.p. morgan that's committing crimes commensurate with other crimes that the state is giving capital punishment for that these corporations and someone who represent these corporations should be should be given capital punishment for their crimes against capital if they're individuals should they also get capital punishment for similar crimes all you could really say about this is that there's been so much tension building up as a result of the failure to act in any way to discipline these banks and corporations there's just so much tension building up there sooner or later when it is released it's liable to be very shocking and surprising and you know where we're heading into a situation that i think is going to resemble the french revolution only you know instead of being directed against aristocratic or gorky it will be directed against the corporate or oligarchies. or you know it could be very ugly but let me move the cut in the first i mean take somebody like john chorusing right he's

what it isn't then are therefore true that a corporation like a goldman sachs or j.p. morgan that's committing crimes commensurate with other crimes that the state is giving capital punishment for that these corporations and someone who represent these corporations should be should be given capital punishment for their crimes against capital if they're individuals should they also get capital punishment for similar crimes all you could really say about this is that there's been so much tension building up as a result of the failure to act in any way to discipline these banks and corporations there's just so much tension building up there sooner or later when it is released it's liable to be very shocking and surprising and you know where we're heading into a situation that i think is going to resemble the french revolution only you know instead of being directed against air aristocratic or gorky it will be directed against the corporate or oligarchies. or you know it could be very ugly but let me at the cut in the first i mean take somebody like john chorusing right he

one minute isn't it therefore true that a corporation like a goldman sachs or j.p. morgan that's committing crimes commensurate with other crimes that the state is giving capital punishment for that these corporations and someone represent these corporations should be should be given capital punishment for their crimes against capital if they're individuals should they also get capital punishment for similar crimes all you could really say about this is that there's been so much tension building up as a result of the failure to act in any way to discipline these banks and corporations there's just so much tension building up there sooner or later when it is released it's liable to be very shocking and surprising and you know where we could heading into a situation that i think is going to resemble the french revolution only you know instead of being directed against aristocratic or gorky it'll be directed against the corporate oligarchies. or you know it could be very ugly but let me at the cut in the first i mean take somebody like john chorusing right he's a forme

one minute incident that are there for true that a corporation like a goldman sachs or j.p. morgan that's committing crimes commensurate with other crimes that the state is giving capital punishment for that these corporations and someone who represent these corporations should be should be given capital punishment for their crimes against capital if they're individuals should they also get capital punishment for similar crimes all you could really say about this is that there's been so much tension building up as a result of the failure to act in any way to discipline these banks and corporations there's just so much tension building up there sooner or later when it is released it's liable to be very shocking and surprising and you know where we're heading into a situation that i think is going to resemble the french revolution only you know instead of being directed against aristocratic or gorky it'll be directed against the corporate oligarchies. or you know it could be very ugly but let me at the cut in the first i mean take somebody like john chorusing right he's a form

one minute isn't it therefore true that a corporation like a goldman sachs or j.p. morgan that's committing crimes commensurate with other crimes that the state is giving capital punishment for that these corporations and someone who represent these corporations should be should be given capital punishment for their crimes against capital if they're individuals should they also get capital punishment for similar crimes all you could really say about this is that there's been so much tension building up as a result of the failure to act in any way to discipline these banks and corporations there's just so much tension building up there sooner or later when it is released it's liable to be very shocking and surprising and you know where we're heading into a situation that i think is going to resemble the french revolution only you know instead of being directed against aristocratic or gorky it'll be directed against the corporate or oligarchies. or you know it could be very ugly but let me at the cut in the first i mean take somebody like john course scene right he's

wouldn't it isn't it therefore true that a corporation like a goldman sachs or j.p. morgan that's committing crimes commensurate with other crimes that the state is giving capital punishment for that these corporations and someone represent these corporations should be should be given capital punishment for their crimes against capital if they're individuals should they also get capital punishment for similar crimes all you could really say about this is that there's been so much tension building up as a result of the failure to act in any way this is clear to these banks and corporations through there's just so much tension building are there sooner or later when it is released it's liable to be very shocking and surprising and you know we're heading into a situation that i think is going to resemble the french revolution only you know instead of being directed against their aristocratic or gorky it will be directed against the corporate over gorky or you know it could be very ugly but what made the cut in the first i mean take somebody like john course scene right

would it isn't it better therefore true that a corporation like a goldman sachs or j.p. morgan as committing crimes commensurate with other crimes that the state is giving capital punishment for that these corporations and someone represent these corporations should be should be given capital punishment for their crimes against capital if they're individuals should they also get capital punishment for similar crimes paul you could really say about this is that there's been so much tension building up as a result of the failure to act in any way to discipline these banks and corporations through there's just so much tension building up there sooner or later when it is released it's liable to be very shocking and surprising and you know where we could heading into a situation that i think is grimmer resemble the french revolution only you know instead of being directed against their aristocratic or gorky it'll be directed against the corporate or over gorky or not or you know it could be very ugly but i made the cut in the first i mean take somebody like john course being

morgan chase bank of america goldman sachs and actually h.s.b.c. those five also are a large stake in that seven hundred and seven trillion by being two hundred forty nine trillion of it and they know they've seen as have global big banks across the world scene that governments will step in central into t's like the fed the e.c.b. is going to step in more the i.m.f. and so forth will find the money to print to lend to subsidize the risks that are behind all of this derivatives exposure so the u.s. banks started it they know it exists that mentality as well as the risk is just now being exported to europe and in a larger number a larger volume and it was even here in the united states and it sounds like you're saying that essentially banks are taking this risk because it perpetuates too big to fail now there's so much more i want to get into with you know me but i have to quickly explain to our viewers what exactly over the counter means if you could hold tight for just a minute and we will have more with prince and in just a moment. all right time

goldman sachs a guy me and louis who is. now goldman sachs i mean a lot. goldman sachs it is pretty amazing america all the time. and it's going to continue as long as the u.s. you see here for the rest of all these people you know she was going through what it was really you know the cost so many farmers huge. journalists you know looking to see the group maternity turn oh well if you're not you want to die. he didn't do it i'm not sure you know and if you see here is my hand went right study group maybe something like your seven hundred billion dollars off and the fine was a couple hundred million members actually literally. corporations to do illegal things the fines don't even call for. what they may enjoy we don't try to see it we've got the culture of greed and arrogance this is no matter what you do we're going to bail them out we're going to do this. and we're we're going to stick a fair result in freddie macas already cost us consume. post two hundred girly books are there any. daily. throwing. dollars. all right so you might get the point that fo

goldman sachs a guy me and louis who. now goldman sachs i mean a lot. of goldman sachs. is my eyes were right there all time this is going to continue as long as he's here to slap armrests. all these people you know it was quiet i don't remember what it was because so many times huge. drawers. looking just really group attorney. oh well he did not want to die. but he didn't do. you know and here's the securities. and drug study group maybe something like you know seven hundred billion dollars off and the fine was a couple hundred million i don't remember exactly so literally these corporations to do illegal things with the fines don't even call for. what they made him do with fraudulent activity it would be cool sure heard of greed and arrogance this is no matter what you do we're going to go live now we're going to hear this i'm on the wrist and we're going to cashier first off you may and freddie macas already cost us consumer. almost two hundred billion dollars it's pretty. cool we're throwing other. dollars. all right so you're making the point that for every billion

goldman sachs i mean a lot you have goldman sachs so it is pretty amazing for right america all time this is going to continue as long as p.s.e.c. here's a slap on the rest all these you know study group was quiet i don't remember what it was the cox only farmers huge. jars of little history group attorney. oh well. what's your theory and did i know it but he didn't. you know and if you see here is he. going to write maybe something like you know seven hundred million dollars off and the fine was. really i don't remember exactly so literally. to do illegal things these were the fines don't even come over. what they make in doing a fraud on actually it we've got the culture of greed and arrogance this is no matter what you do when you're feeling now we're going to hear you on the wrist and we're we're going to stick a very last may and freddie macas or me cost us thousands. almost two hundred billion dollars. does it shock that we bail you out. throwing. dollars. all right so you might get the point that for every billion dollars money stolen by bank of america citigroup or other bank

goldman still has its nearly half billion dollars in fees in its pocket. so the victims are being charged. i'm sorry, it's the criminals, the guys committing the fraud who should be charged. it's the vultures who should be charged. >> listen, i agree with that. it's been an interesting game of ping-pong and we'll wrap this up between those who blame the banks, susan, and those who blame the government. bloomberg will say, it's the government who told the banks to do this, occupy wall street will say, no, it's the banks who did this. the interesting thing is, they're both doing it. >> blame to go around. >> the political leader with the banking system are -- that's what they did! i don't know what to tell you. >> why are victims being charged? >> because the banks and the governments are in charge. >> that's right. >> at least we know why. greg, look forward to the book "vultures' picnic," greg palast. the megapanel, a peculiar day, but a fine part. it was one part jimmy and one part you guys. you kind of got the short end of the stick, today, karen. >> i d

hank paulson put a gun to congress and said and got almost a trillion dollars from congress to give goldman sachs's by these now they did the same thing in the euro tarp so this is moral hazard times moral hazard it's moral hazard to the nth degree and the worse you are paying back your loans the cheaper the interest rate gets and the more money you get how do i get that deal in other words let me explain something say however if i were to throw up into a bucket of vomit if i'm part of the top one percent i can take that to the fed and get a billion dollar loan as that as collateral but if i'm in the bottom ninety nine percent all i've got is a bucket to spew. well let's look at the bottom ninety nine percent in this next headline a banner day for the one percent as bank stocks soar this is a commentary from david callaway on dow jones market watch and he says in one of the more bizarre twists of fate that only markets can bestow the occupy movements burst to fame around the world this month has been accompanied by the biggest october for the dow jones industrial average in its one hundred

hank paulson put a gun the congress and senate got almost a trillion dollars from congress to give goldman sachs's buddies now they did the same thing in the euro tarp so this is moral hazard times moral hazard it's moral hazard to the nth degree and the worse you are paying back your loans the cheaper the interest rate gets and the more money you get how do i get that deal in other words let me twice only say however if i were to throw up into a bucket of vomit if i'm part of the top one percent i can take that to the fed and get a billion dollar loan as that as collateral but if i'm in the bottom ninety nine percent all i've got is a bucket to spew. well let's look at the bottom ninety nine percent in this next headline a banner day for the one percent as bank stocks soar this is a commentary from david callaway on dow jones market watch and he says in one of the more bizarre twists of fate that only markets can bestow the occupy movements burst to fame around the world this month has been accompanied by the biggest october for the dow jones industrial average in its one hundred fifteen

hank paulson put a gun to congress and said and got almost a trillion dollars from congress to give goldman sachs's by these now they did the same thing in the euro tarp so this is moral hazard times moral hazard it's moral hazard to the nth degree and the worse you are paying back your loans the cheaper the interest rate gets and the more money you get how do i get that deal in other words let me twice only say however if i were to throw up into a bucket of vomit if i'm part of the top one percent i can take that to the fed and get a billion dollar loan as that as collateral but if i'm in the bottom ninety nine percent all i've got is a bucket to spew. well let's look at the bottom ninety nine percent in this next headline a banner day for the one percent as bank stocks soar this is a commentary from david callaway on dow jones market watch and he says in one of the more bizarre twists the fate that only markets can bestow the occupy movements burst to fame around the world this month has been accompanied by the biggest october for the dow jones industrial average in its one hundred fiftee

sachs dumped onto the population what about the teamsters goldman sachs lost money in their pension fund and only by threatening physical violence were they able to get that money back yeah but again on that one small thing yes there they were perhaps one but jibe oh brock's on here's a video another remakes sent to us you might like it. so . you. know you. like yeah those remarks are nice i like oh give them a coming well so let's look at the side of the savers now let's see if the few headlines coming from the savers judge challenges two hundred eighty five million dollars citigroup settlement this is judge jed rake off and manhattan and his challenge to lawyers to explain why he should approve a settlement of serious securities fraud allegations when citi group incorporated neither admits nor did nice wrongdoing so remember last week we covered the story where citi group settled a one billion dollar fraud fraud. again fraud they settled this fraud for two hundred eighty five million of which ninety five million is the fine with s.c.c. if i remember we have a conversation we're sa

hank paulson put a gun to congress and said and got almost a trillion dollars from congress to give goldman sachs's buddies now they did the same thing in the euro tarp so this is moral hazard times moral hazard it's moral hazard to the nth degree and the worse you are paying back your loans the cheaper the interest rate gets and the more money you get how do i get that deal in other words let me twice only say however if i ever throw up into a bucket of vomit if i'm part of the top one percent i can take that to the fed and get a billion dollar loan as that as collateral but if i'm in the bottom ninety nine percent all i've got is a bucket to spew. well let's look at the bottom ninety nine percent in this next headline a banner day for the one percent as bank stocks soar this is a commentary from david callaway on dow jones market watch and he says and one of the more bizarre twists of fate that only markets can bestow the occupy movements burst to fame around the world this month has been accompanied by the biggest october for the dow jones industrial average in its one hundred fifteen ye

sachs dumped onto the population what about the teamsters goldman sachs lost money in their pension fund and only by threatening physical violence were they able to get that money back yeah but again on that one small thing yes there they were perhaps one but jibe oh brock's on here's a video another remakes sent to us you might like it. so . you think. you. know you. like yeah those remarks are nice i like them coming well so let's look at the side of the savers analyse of the few headlines coming from the savers judge challenges two hundred eighty five million dollars citigroup settlement this is judge jed rake off and manhattan and his challenge to lawyers to explain why he should approve a settlement of serious securities fraud allegations when citi group incorporated neither admits nor did nice wrongdoing so remember last week we covered the story where citi group settled a one billion dollar fraud fraud again fraud they settled this fraud for two hundred eighty five million of which ninety five million is the finding with the f.c.c. remember we have a conversation we're saying

sachs dumped onto the population what about the teamsters goldman sachs lost money in their pension fund and only by threatening physical violence were they able to get that money back yeah but again on that one small thing yes there they were perhaps one but jibe oh rocks on here's a video another remakes sent to us you might like it. so . you. know you. like yeah those remarks are nice i like oh i'm coming well so let's look at the side of the savers now let's see if the few headlines coming from the savers judge challenges two hundred eighty five million dollars citigroup settlement this is judge jed rake off and manhattan and his challenge lawyers to explain why he should approve a settlement of serious securities fraud allegations when citi group incorporated neither admits nor did nice wrongdoing so remember last week we covered this story where citi group settled a one billion dollar fraud fraud. again fraud they settled this fraud for two engine eighty five million of which ninety five million is the fine with s.c.c. member we have a conversation we're saying that how do the

hank paulson put a gun to congress and said and got almost a trillion dollars from congress to give goldman sachs's buddies now they did the same thing in the euro tarp so this is moral hazard times moral hazard it's moral hazard to the nth degree and the worse you are paying back your loans the cheaper the interest rate gets and the more money you get how do i get that deal in other words let me twice only say however if i were to throw up into a bucket of vomit if i'm part of the top one percent i can take that to the fed and get a billion dollar loan is that as collateral but if i'm in the bottom ninety nine percent all i've got is a bucket to spew. well let's look at the bottom ninety nine percent in this next headline a banner day for the one percent as bank stocks soar this is a commentary from david callaway on dow jones market watch and he says in one of the more bizarre twists the fate that only markets can bestow the occupy movements burst to fame around the world this month has been accompanied by the biggest october for the dow jones industrial average in its one hundred fifteen

goldman sachs a guy me. who you know. the easy. bowl the sacks i mean a lot you know goldman sachs is pretty amazing for right america they're all trying this and it's going to continue as long as the yes he's here for the rest of all these you know study group was quite. well i mean the costs only are yours hugh. the jurors are looking for citigroup attorney. oh well he wants to die. he didn't do. you know and if you see pierce he's. truculent right citi group maybe something like your founder julian hours off and the fine was one hundred million members happily so literally. to do illegal things the fines don't even come over. what they may have been doing defraud me it would be cool sure. crazy to parents this this no matter what you were feeling now we're going to hear this. and we're we're just here we are soft. and freddie macin already cost us please. close to one goalie it's pretty. cool we're throwing. darts. but. all right so you're right in the point that for every billion dollars of money stolen by bank of america citi

goldman sachs i mean very well you goldman sachs is pretty amazing america all the time this is going to continue as long as he has he's here for. all these things was quite what it was because so many times huge. jurors. group attorney. oh well he wants you to die. but he didn't do. you know and if you see here six. months or so you're maybe something like your five hundred dollars off and the fine was a couple hundred million members actually literally. corporations to do illegal things with the fines don't even call her. what they may in doing the crime it would be cool sure her. crazy day care case this this no matter what you do we're going to bail them out we're going to do this to rest and we're we're going to stick a spear first of all i mean freddie macin barly cost us consumer. it's almost too much billy. already. throwing. dollars. all right so you're right in the point that for every billion dollars money stolen by bank of america citigroup other banks they get fined maybe a hundred fifty are two hundred million dollars so obviously it behooves them this employee continue

sachs dumped onto the population what about the teamsters goldman sachs lost money in their pension fund and only by threatening physical violence were they able to get that money yeah but again on that one small thing yes there they were perhaps one but jibe oh rocks on here's a video another remakes sent to us you might like it if. you . like yeah those remarks are nice i like oh even. well so let's look at the side of the savers now let's see if the few headlines coming from the savers judge challenges two hundred eighty five million dollars citigroup settlement this is judge jed great coffee in manhattan and his challenge lawyers to explain why he should approve a settlement of serious securities fraud allegations when citi group incorporated neither admits nor did nice wrongdoing so remember last week we covered the story where citi group settled a one billion dollar fraud fraud. again fraud they settled this fraud for two hundred eighty five million of which ninety five million is fine with s.c.c. i remember we had the conversation were saying how do they get away with this id

sachs dumped onto the population what about the teamsters goldman sachs lost money in their pension fund it only by threatening physical violence were they able to get that money back yeah but again on that one small thing yes there they were perhaps one but just go rocks on here's a video another remakes sent to us you might like it. you . like yeah those remakes are nice i like oh good. well so let's look at the side of the savers now let's see if the few headlines coming from the savers judge challenges two hundred eighty five million dollars citigroup settlement this is judge jed cough in manhattan and his challenge lawyers to explain why he should approve a settlement of serious securities fraud allegations when citi group incorporated neither admits nor did nice wrongdoing so remember last week we covered the story where citi group settled the one billion dollar fraud fraud. again fraud they settled this fraud for two hundred eighty five million of which ninety five million is the following s.c.c. i remember we had the conversation were saying that how do they get away with th

sachs dumped onto the population what about the teamsters goldman sachs lost money in their pension fund and only by threatening physical violence were they able to get that money back yeah but again on that one small thing yes there they were perhaps one but just go rocks on here's a video another reason next sent to us you might like it. you . know yeah. yeah those reactors are nice i like oh good. well so let's look at the side of the savers now let's see if a few headlines come in from the savers judge challenges two hundred eighty five million dollars citi group settlement this is judge jed great coffee in manhattan and he's challenged the lawyers to explain why he should approve a settlement of serious securities fraud allegations when citi group incorporated either admits nor did nice wrongdoing so remember last week we covered this story where citi group settled a one billion dollar fraud fraud. again fraud they settled this fraud for two hundred eighty five million of which ninety five million is the fine print with the f.c.c. remember we have a conversation we're saying th

global and prior to that she was chief counsel at goldman sachs for one twenty here is ok she'll be great. she's at the heart of this the relaxation of regulation one point two five ok so tiny rules change at the heart of m.f. global failure from december two thousand the c f t c that's when they first agreed to. amend regulation one point two five to permit basically riskier investments i could make more money for wall street but they didn't have to share any of those profits with their clients but they were taking their clients the customer funds the segregated funds and setting it overnight but they had to replace it in the morning so then in february two thousand and four in two thousand and five regulation one point two five was further amended refined to the liking of ferber and the banks in the end the door was open for firms such as m.f. global to do internal repos of customers deposits and invest the funds in the general obligation of sovereign nations ok well here's the here's the thinking that went on here you see because sovereign debt to play rated or double a right of sovere

sachs dumped onto the population what about the teamsters goldman sachs lost money in their pension fund and only by threatening physical violence were they able to get that money via yeah but again on that one small thing yes there they were perhaps one but john breaux rocks on here's a video another remakes sent to us you might like it. yeah those remakes are nice i like oh good. well so let's look at the side of the savers now let's see if a few headlines come in from the savers judge challenges two hundred eighty five million dollars citigroup settlement this is judge jed rate cough and manhattan and he's challenged lawyers to explain why he should approve a settlement of serious securities fraud allegations when citi group incorporated neither admits nor did nice wrongdoing so remember last week we covered the story where citi group settled a one billion dollar fraud fraud. again fraud they settled this fraud for two hundred eighty five million of which ninety five million is the fine print with the f.c.c. remember we have a conversation we're saying that how do they get away w

hank paulson put a gun to congress and said and got almost a trillion dollars from congress to give goldman sachs and his buddies now they did the same thing in the euro tarp so this is moral hazard times moral hazard it's moral hazard to the nth degree and the worse you are paying back your loans the cheaper the interest rate gets and the more money you get how do i get that deal in other words let me twice only say however if i ever throw up into a bucket of vomit if i'm part of the top one percent i can take that to the fed and get a billion dollar loan as that as collateral but if i'm in the bottom ninety nine percent all i've got is a bucket to spew. well let's look at the bottom ninety nine percent in this next headline a banner day for the one percent as bank stocks soar this is a commentary from david callaway on dow jones market watch and he says and one of the more bizarre twists of fate that only markets can bestow the occupy movements burst to fame around the world this month has been accompanied by the biggest october for the dow jones industrial average in its one hundred fift

sachs dumped onto the population what about the teamsters goldman sachs lost money in their pension fund and only by threatening physical violence were they able to get that madiba yeah but again on that one small thing yes there they were perhaps one but just go brock's on here's a video another remakes sent to us you might like it. please please please. please. oh yeah. yeah those remakes are nice i like oh good. well so let's look at the side of the savers now let's see if a few headlines come in from the savers judge challenges two hundred eighty five million dollars citigroup settlement this is judge jed rate cough and manhattan and he's challenge lawyers to explain why he should approve a settlement of serious securities fraud allegations when citi group incorporated neither admits nor did nice wrongdoing so remember last week we covered the story where citi group settled a one billion dollar fraud fraud. again fraud they settled this fraud for two hundred eighty five million of which ninety five million is the fine print with the f.c.c. remember we have a conversation we're s

sachs dumped onto the population what about the teamsters goldman sachs lost money in their pension fund and only by threatening physical violence were they able to get that money back yeah but again on that one small thing yes there they were perhaps one but john breaux rocks on here's a video another remakes sent to us you might like it. yeah those remarks are nice i like oh give them. well so let's look at the side of the savers now let's see if a few headlines come in from the savers judge challenges two hundred eighty five million dollars citigroup settlement this is judge jed rake off in manhattan and his challenge lawyers to explain why he should approve a settlement of serious securities fraud allegations when citi group incorporated neither admits nor did nice wrongdoing so remember last week we covered the story where citi group settled a one billion dollar fraud fraud. again fraud they settled this fraud for two hundred eighty five million of which ninety five million is the funding with the f.c.c. but i remember we had the conversation were saying that how do they get aw

global and prior to that he was chief counsel at goldman sachs for one twenty years ok thank you ingrid piller being with us she's at the heart of this the relaxation of regulation one point two five ok so tiny rules change at the heart of m.f. global failure from december two thousand the c f t c that's when they first agreed to. amend regulation one point two five to permit basically riskier investments i could make more money for wall street or they didn't have to share any of us profits with their clients but they were taking their clients the customer funds the segregated funds and setting it overnight but they had to replace it in the morning so then in february two thousand and four in two thousand and five regulation one point two five was further amended refined to the liking of ferber and the banks in the end the door was open for firms such as m.f. global to do internal repos of customers deposits and invest the funds in the general obligation of sovereign nations ok well here's the here's the thinking that went on here you see because sovereign debt to play rated or double a

ok to join the euro currency greece's right wing government secretly hired goldman sachs to come up with a scheme to hire it's massive to hide its massive deficit you can't be in the euro if your deficit is more than three percent of g.d.p. the right think government has screwed things up badly so the higher goalkeeping in your opinion dollars jim oh it's just completely secret to come up with a way through seizing financial derivatives to completely flimflam the world markets the other governments and european central bank using massive. and when it was uncovered by the new socialist government when they came in and exposed the holders of the securities to the greeks which they didn't have fought it they just live while they don't the stuff they demanded all kinds of that was knee high interest as you can well imagine and so the greek economy has to has completely imploded trying to pay off its incredible extra interest surcharge which came from goldman sachs running a scam. to greece which which ran the government didn't run the funds with goldman sachs a scheme and they walked away yo

global and prior to that she was chief counsel at goldman sachs for twenty years ok she'll be great being with us she's at the heart of this the relaxation of regulation one point two five ok so tiny rules change at the heart of m.f. global failure from december two thousand the c f t c that's when they first agreed to. amend regulation one point two five to permit basically riskier investments that could make more money for wall street or they didn't have to share any of those profits with their clients but they were taking their clients the customer funds the segregated funds and setting it overnight but they had to replace it in the morning so then in february two thousand and four in two thousand and five regulation one point two five was further amended refined to the liking of ferber and the banks in the end the door was open for firms such as m.f. global to do internal repos of customers deposits and invest the funds in the general obligation of sovereign nations ok well here's the here's the thinking that went on here you see because sovereign debt aaa rated or double a right of s

global and prior to that he was chief counsel at goldman sachs for twenty years ok that you will be with us she's at the heart of this the relaxation of regulation one point two five ok so tiny rules change at the heart of m.f. global failure from december two thousand the c f t c that's when they first agreed to. amend regulation one point two five to permit basically riskier investments that could make more money for wall street or they didn't have to share any of those profits with their clients but they were taking their clients the customer funds the segregated funds and betting it overnight but they had to replace it in the morning so then in february two thousand and four in two thousand and five regulation one point two five was further amended to read fine to the liking of ferber and the banks in the end the door was open for firms such as m.f. global to do internal repos of customers deposits and invest the funds in the general obligation of sovereign nations ok well here's the here's the thinking that went on here you see because sovereign debt aaa rated or double a right of s

global and prior to that he was chief counsel at goldman sachs for twenty years ok that you agree totally with us he's at the heart of this the relaxation of regulation one point two five ok so tiny rules change at the heart of m.f. global failure from december two thousand the c f t c that's when they first agreed to. amend regulation one point two five to permit basically riskier investments that could make more money for wall street i mean they didn't have to share any of those profits with their clients but they were taking their clients the customer funds the segregated funds and setting it overnight but they had to replace it in the morning so then in february two thousand and four in two thousand and five regulation one point two five was further amended refined to the liking of ferber and the banks in the end the door was open for firms such as m.f. global to do internal repos of customers deposits and invest the funds in the general obligation of sovereign nations ok well here's the here's the thinking that went on here you see because sovereign debt to play rated or double a rig

global and prior to that he was chief counsel at goldman sachs for one twenty years ok as you know there are children with she's at the heart of this the relaxation of regulation one point two five ok so tiny rules change at the heart of m.f. global failure from december two thousand the c f t c that's when they first agreed to. amend regulation one point two five to permit basically riskier investments i could make more money for wall street or they didn't have to share any of those profits with their clients but they were taking their clients the customer funds the segregated funds and setting it overnight but they had to replace it in the morning so then in february two thousand and four in two thousand and five regulation one point two five was further amended refined to the liking of ferber and the banks in the end the door was open for firms such as m.f. global to do internal repos of customers deposits and invest the funds in the general obligation of sovereign nations ok well here's the here's the thinking that went on here you see because sovereign debt aaa rated or double a rig

to greece which which ran the government the deficit and the puns this goldman sachs a scheme and they walked away you know with their half billion dollars you know unscathed as they seem to do in every situation including the one where they almost have found this country greg greg palast thanks for your great investigative work we'll talk again soon very welcome tom thank thank you greg for more on what's ahead for greece i'm joined from our new york studio by professor custis on iraq to professor please correct my pronunciation if it's wrong associate professor of sociology the new york city college of technology and sony and author of the forthcoming book remaking scarcity from capitalist inefficiency to economic democracy professor welcome. thank you for. being able to be with you thank you could you tell me how to say your name please. titus if this does indeed come down to a vote choice to the greek people have. well it's. what the greek government is trying to do right now is it's trying to cling to power because these asperity programs that have accompanied the rescue packages

which is a futures trading firm that went bankrupt it was run by john coristine the former head of goldman sachs the former governor of new jersey a former senator the firm went bankrupt and they're still missing five hundred ninety three million dollars of customer accounts which they commingled with their own and now the liquidator is saying that unless the misting cash is found people hoping to recover one hundred cents on the dollar may have to give up some of it to their customers said stephen hardback liquidator but this is a beautiful because remember people are saying you know the system is broken because they are privatizing capitalism while spurring the wrist socialistically you know people have to bear the risk and the insiders the top one percent take all the games and that was a bit of a concept but now we have a direct evidence of m.f. global what they're saying is the insiders including john kors seen former goldman sachs guy stole billions and so the customers are going to have to pay for the other customers that have had their money stolen so they didn't steal from every s

global and prior to that she was chief counsel at goldman sachs for twenty years ok she'll be very rich will be with us she's at the heart of this the relaxation of regulation one point two five ok so tiny rules change at the heart of m.f. global failure from december two thousand to c f t c that's when they first agreed to. amend regulation one point two five to permit basically riskier investments i could make more money for wall street i mean they didn't have to share any of those profits with their clients but they were taking their clients the customer funds the segregated funds and setting it overnight but they had to replace it in the morning so then in february two thousand and four in two thousand and five regulation one point two five was further amended refined to the liking of ferber and the banks in the end the door was open for firms such as m.f. global to do internal repos of customers deposits and invest the funds in the general obligation of sovereign nations ok well here's the here's the thinking that went on here you see because sovereign debt to play rated or double

morgan citigroup goldman u.b.s. all of those have announced that they're shutting jobs so hey are we going to see bankers start occupying wall street lots of i asked anshul journalist max kaiser and here is what he said. well i think we're at a historic inflection point where you do have this global insurrection against banker occupation as i call it you have a global insurrection you have a thousand protests around the world and because of the credit collapse the start of two thousand and seven the underlying banking business is starting to fray at the edges so these desperate attempts to create an s.d.r. european wide credit facility these are really last gasp efforts to try to keep a failing system of floats and of course a lot of people are falling by the wayside people are getting fired those people who are newly fired nearly like of these banks and bankers brokerages where they end up do they join the picket line historically what happens is when the middle class starts to rise up that's when you have fertile

other donors, goldman sachs,