all hail from goldman sachs in fact the head of the european central bank itself mark mario draghi is the former managing director of goldman sachs international and here in the united states after treasury secretary and former goldman c.e.o. henry paulson did his job in two thousand and eight securing goldman's multi billion dollar bailout he was replaced in the new obama administration with tim geithner who had worked hand in glove with goldman sachs as head of the new york fed which was supposed to oversee and regulate them and geithner made sure that goldman received more than fourteen billion from the bailout of failed insurance giant aig. what's happening here goes back more than a decade in two thousand and one goldman sachs secretly help greece hide billions of dollars through the use of complex financial instruments like credit default swaps this allowed greece to meet the baseline requirements to enter the eurozone in the first place. but it also created a debt bubble that would later explode and bring about the current economic crisis that's drowning the entire continent bu

but that's just scratching the surface steadily and still fully goldman sachs appears to be carrying out a global kutai as europe descends into an austerity induced economic crisis goldman sachs's people are managing the demise of the continent as the british newspaper the independent reported earlier this year the conservative technocrats currently steering or who have steered post crash fiscal policy in greece germany italy belgium france and now the u.k. all hail from goldman sachs in fact the head of the european central bank itself mark mario draghi is the former managing director of goldman sachs international and here in the united states after treasury secretary and former goldman c.e.o. henry paulson did his job in two thousand and eight securing goldman's multi billion dollar bailout he was replaced in the new obama administration with tim geithner who had worked hand in glove with goldman sachs as head of the new york fed which was supposed to oversee and regulate them and geithner made sure that goldman received more than fourteen billion from the bailout of failed insura

that's greg smith, author of "why i left goldman sachs." a suggestion on the best price to buy apple stock, coming up next. apple had what was called its broadest launch ever with its mini ipad on friday hitting 34 countries. trader andrew keene of keeneonthemarket.com joins us now for chart talk on that stock. good morning to you. > > good morning angie. > > apple stock was down about 4.5% last week. what is going on here? > > i have been talking about it for a while. if you took away the ticker on top or the name of the chart and you just put up a random chart, it is clearly in a downtrend, and it is not stopping any time soon. it's down again on friday over $20. ipad mini demand isn't necessarily there. i just bought the ipad 2, the one with the retina screen, and i was going to buy a mini, and i was like, "the mini doesn't even have the retina screen." it's basically the same product. yeah, it's a little smaller. i'm starting to think that i don't want to start buying products going forward, because they're not really making them that m

sachs takes over the bank of england this is mark carney of course he is from goldman sachs he was there for thirteen years and after that he was at the bank of canada and now he's at the bank of england now this headline comes with this map as you can see in the above map government sack stretches from the tip of crete now to the windy wilds of thirst so scotland now you see all the goldman sachs alumni who are now running europe whether it's papa de most in greece or monti in italy but the one i want to point your attention to is mario draggy who is of course the head of the e.c.b. . but he was the chairman of the financial stability board from two thousand and nine to two thousand and eleven whereby he then gave the chairmanship to mark kearney now the financial stability board has been in the news lately because they are the ones that monitor the shadow banking system they're the ones that recently found we found six trillion extra that we didn't know existed before south now live on the marconi won't be maintaining that position and running that authority the financial stability aut

sachs takes over the bank of england this is mark carney of course he is from goldman sachs he was there for thirteen years and after that he was at the bank of canada and now he's at the bank of england now this headline comes with this map as you can see in the above map got government sack stretches from the tip of crete now to the windy wilds of thirst so scotland now you see all the goldman sachs alumni who are now running europe whether it's papa de most in greece or monti and italy but the one i want to point your attention to is mario draggy who is of course the head of the e.c.b. . but he was the chairman of the financial stability board from two thousand and nine to two thousand and eleven whereby he then gave the chairmanship to mark kearney now the financial stability board has been in the news lately because they are the ones that monitor the shadow banking system they're the ones that recently found we found six trillion extra that we didn't know existed before south now i'm on the mark carney won't be maintaining that position running that authority in the financial stabil

sachs takes over the bank of england this is mark carney of course he is from goldman sachs he was there for thirteen years and after that he was at the bank of canada and now he's at the bank of england now this headline comes with this map as you can see in the above map go government sachs stretches from the tip of crete now to the windy wilds of thirst so scotland now you see all the goldman sachs alumni who are now running europe whether it's papa de most in greece or monti and italy but the one i want to point your attention to is mario draggy who is of course the head of the e.c.b. . but he was the chairman of the financial stability board from two thousand and nine to two thousand and eleven whereby he then gave the chairmanship to mark kearney now the financial stability board has been in the news lately because they are the ones that monitor the shadow banking system they're the ones that recently found we found six trillion extra that we didn't know existed before south now live on the mark carney won't be maintaining that position running that authority the financial stabilit

of goldman sachs tells scott pelley what a failure to reach a budget deal would mean. if you're traveling this holiday weekend, you'll have plenty of company. and on the eve of thanksgiving, the president talks turkey, when the "cbs evening news" continues. continues. uncomfortable. but when it's hard or hurts to bathroom, there's dulcolax stool softener. dulcolax stool softener doesn't make you go, it just makes it easier to go. dulcolax stool softener. make yourself comfortable. starts with arthritis pain and a choice. take tylenol or take aleve, the #1 recommended pain reliever by orthopedic doctors. just two aleve can keep pain away all day. back to the news. a regular guy with an irregular heartbeat. the usual, bob? not today. [ male announcer ] bob has afib: atrial fibrillation not caused by a heart valve problem, a condition that puts him at greater risk for a stroke. [ gps ] turn left. i don't think so. [ male announcer ] for years, bob took warfarin, and made a monthly trip to the clinic to get his blood tested. but not anymore. bob's doctor recommended a diff

greg smith is the author of "why i left goldman sachs." what you wrote is important. people should read your op-ed. have a good night.

. >> lewis calls the goldman sachs-a.i.g. deal one of the original sins of the looming financial crisis. other wall street firms were so jealous of the goldman deal; they got a.i.g. to insure another $30 billion of what turned out to be worthless securities. but lewis thinks the fiasco had more to do with wall street's stupidity than corruption. didn't understand these things. >> not well enough. they--they... i mean, there's a wonderful little vignette in the big short about a leading bond trader. he was subprime mortgage bond trader at morgan stanley, a fellow named howie hubler, who manages to lose somewhere between--it's hard to know-- but $7 billion and $12 billion in a matter of six or eight months, more than any single trader has ever lost in the history of wall street, and no one knows his name. >> according to lewis, at the end of 2006 and the beginning of 2007, when the commercial bank j.p. morgan became the first to recognize the danger and fled the subprime market, hubler was gobbling up $16-billion worth of subpr

. >> we'll be talking more about social security taxes and also goldman sachs. you'll enjoy that, robert. but neera, you know the hill better than anyone. will they get this done by the end of the year? or are there sticking points we're not seeing? >> this is the most optimistic i have ever been. and you know, that's not saying a lot sometimes because this whole debate around the budget has been like losing the football for awhile. but i actually think that you're seeing republicans moving in a way that they obviously didn't do, and you're seeing an understanding -- what i think is really important is there are a lot of people like bill crystal coming forward, governors are trying to make a play here. they represent whole states as well. so i think you're seeing a kind of break in this impass or fever that we haven't seen in the past. as you said, there's reasonable common ground to make in enti e entitlements and medicare. we have done over a trillion dollars in domestic discretionary spending. if they come together on taxes, it's very doable. and i think that

sachs takes over the bank of england this is mark carney of course he is from goldman sachs he was there for thirteen years and after that he was at the bank of canada and now he's at the bank of england now this headline comes with this map as you can see in the above map government sachs stretches from the tip of crete now to the windy wilds of thirst so scotland now you see all the goldman sachs alumni who are now running europe whether it's papa de most in greece or monti and italy but the one i want to point your attention to is mario draggy who is of course the head of the e.c.b. . but he was the chairman of the financial stability board from two thousand and nine to two thousand and eleven whereby he then gave the chairmanship to mark kearney now the financial stability board has been in the news lately because they are the ones that monitor the shadow banking system they're the ones that recently found we found six trillion extra that we didn't know existed before so now i'm on the mark carney won't be maintaining that position i'm running that authority the financial stability a

sachs takes over the bank of england this is mark carney of course he is from goldman sachs he was there for thirteen years and after that he was at the bank of canada and now he's at the bank of england now this headline comes with this map as you can see in the above map got government sack stretches from the tip of crete now to the windy wilds of thirst so scotland now you see all the goldman sachs alumni who are now running europe whether it's papa de most in greece or monti and italy but the one i want to point your attention to is mario draggy who is of course the head of the e.c.b. but he was the chairman of the financial stability board from two thousand.

the ceo of goldman sachs. i'll explain why. into their work, their name on the door, and their heart into their community. small business saturday is a day to show our support. a day to shop at stores owned by our friends and neighbors. and do our part for the businesses that do so much for us. on november 24th, let's get out and shop small. when the doctor told me that i could smoke for the first week... i'm like...yeah, ok... little did i know that one week later i wasn't smoking. [ male announcer ] along with support, chantix is proven to help people quit smoking. it reduces the urge to smoke. some people had changes in behavior, thinking or mood, hostility, agitation, depressed mood and suicidal thoughts or actions while taking or after stopping chantix. if you notice any of these stop taking chantix and call your doctor right away. tell your doctor about any history of depression or other mental health problems, which could get worse while taking chantix. don't take chantix if you've had a serious allergic or skin reaction

morgan goldman i mean look at goldman sachs they had like three hundred ready for the event they were all lloyd blankfein was at the top floor of goldman sachs like mr burns from the simpsons so you know your church will never have to be covered so not only did i cause nine eleven but these banks also caused the great flood of twelve well that brings me to this final little thing because you mentioned goldman sachs they were the only ones that had their lights on in downtown new york a lot of people of course didn't realize that was lloyd blankfein bald head exactly well that brings me to the top of the show because we talked about the nightmares everybody here is having a nightmare about george osborne well for the last month i will admit that i've been having this nightmare after reading this headline greg smith i saw lloyd blankfein naked i think he was talking physically naked not naked. short talk about coming up short all right say sarah thanks so much for being on the kaiser report thank you all right stay tuned for the second abby talking to that legendary trouble maker ned na

morgan goldman i mean look at goldman sachs they have three going to be ready for the event they were all lloyd blankfein was at the top floor of goldman sachs like mr burns from the simpsons so you know your church will never have to be covered so not only do they cause nine eleven but these banks also caused the great flood of oh well that brings me to this final little thing because you mentioned goldman sachs they were the only ones that had their lights on in downtown new york a lot of people of course don't realize that was lloyd blankfein bald head exactly well that brings me to the top of the show because we talked about the nightmares everybody here is having a nightmare about george osborne well for the last month i will admit that i've been having this nightmare after reading this headline greg smith i saw lloyd blankfein naked i think he was talking physically naked not naked. short talk about coming up short all right say sarah thanks so much for being kaiser report thank you all right stay tuned for the second abby talking to that legendary trouble maker ned naylor leyla

all lloyd blankfein was at the top floor of goldman sachs. so you know your search will never have to be covered so not only did it cause nine eleven but these banks also caused the great flood of oh well that brings me to this final little thing because you mentioned goldman sachs they were the only ones that had their lights on in downtown new york a lot of people of course don't realize that was lloyd blankfein bald head exactly well that brings me to the top of the show because we talked about the nightmares everybody here is having a nightmare about george osborne well for the last month i will admit that i've been having this nightmare after reading this headline greg smith i saw lloyd blankfein naked i think he was talking physically naked not naked. short talk about coming up short all right say sarah thanks so much for being the report thank you but all right stay tuned for the second app i'll be talking to that legendary trouble maker ned naylor leyland. technology innovation. developments around. the future are covered. mission. cr

and some think that includes goldman sachs. but first, the empire state building light show, the john kerry fan club and the winners and losers in the middle east. when it doesn't fit anywhere else, we put it in the viewfinder. >> broadway wasn't the only place to catch a good show last night. the empire state building put on its first ever light show. it showed off the building's new l.e.d. lighting system. >> new york's legendary skyscraper has a new look. >> now the building has upgraded its lighting system, gone are the old floodlights rerks placed by a state-of-the-art computerized system that can deliver all kinds of colors. take a look at that. >> all new all l.e.d. all unveiled for the first time during an historic light show at the empire state building. >> that's it right there. it is the tallest building in the world. nearest thing to hev than we have in new york. >> i'm a little bit of a traditionalist. >> u.n. ambassador susan rice goes up to capitol hill. at her own idea. and meets with three lawmakers who could b

morgan goldman i mean look at goldman sachs they had like three hundred ready for the event they were all lloyd blankfein was at the top floor of goldman sachs like mr burns from the simpsons so you know your church will never have to be covered so not only do they cause nine eleven but these banks also caused the great flood of oh well that brings me to this final little thing because you mentioned goldman sachs they were the only ones that had their lights on in downtown new york a lot of people of course don't realize that was lloyd blankfein bald head exactly well that brings me to the top of the show because we talked about the nightmares everybody here is having a nightmare about george osborne well for the last month i will admit that i've been having this nightmare after reading this headline greg smith i saw lloyd blankfein naked i think he was talking physically naked not naked. short talk about coming up short all right say sarah thanks so much for being on the kaiser report thank you rags all right stay tuned for the second abbey talking to that legendary trouble maker ned

sachs takes over the bank of england this is mark carney of course he is from goldman sachs he was there for thirteen years and after that he was at the bank of canada and now he's at the bank of england now this headline comes with this map as you can see in the above map go government sachs stretches from the tip of crete now to the windy wilds of thirst so scotland now you see all the goldman sachs alumni who are now running europe whether it's poppy day most in greece or monte and italy but the one i want to point your attention to is mario draggy who is of course the head of the e.c.b. but he was that.

morgan goldman i mean look at goldman sachs they had like three hundred ready for the event they were all lloyd blankfein was at the top floor of goldman sachs like mr burns from the simpsons so you know your church will never have to be covered so not only did they cause nine eleven but these banks also caused the great flood of two thousand and twelve well that brings me to this final little thing because you mentioned goldman sachs they were the only ones that had their lights on in downtown new york a lot of people of course now realize that was lloyd blankfein bald head exactly well that brings me to the top of the show because we talked about the nightmares everybody here is having a nightmare about george osborne well for the last month i will admit that i've been having this nightmare after reading this headline greg smith i saw lloyd blankfein naked i think he was talking physically naked not naked. short talk about coming up short all right stacy everett thanks so much for being on the kaiser report thank you but all right stay tuned for the second to be talking to that lege

morgan goldman i mean look at goldman sachs they have like three going to be ready for the. lloyd blankfein is at the top floor of goldman sachs like mr burns from the simpsons so you know your church will never have to be covered so not only do they cause nine eleven but these banks also caused the great flood of oh well that brings me to this final little thing because you mentioned goldman sachs they were the only ones that had their lights on in downtown new york a lot of people of course now realize that was lloyd blankfein bald head exactly well that brings me to the top of the show because we talked about the nightmares everybody here is having a nightmare about george osborne well for the last month i will admit that i've been having this nightmare after reading this headline greg smith i saw lloyd blankfein naked i think he was talking physically naked not naked. short talk about coming up short all right say sarah thanks so much for being the report thank you rex all right stay tuned for the second half talking to that legendary trouble maker ned naylor leyland. te

connie connie the head they have given given a man who worked for goldman sachs for. access sort of printing press of the british pounds can you imagine that he'll be there all divinia with it won't be more quantitative easing being mauled by that sort of banks they told you this isn't going to change anything this isn't about reining in the banks soon about restructuring of banks this is about. so the artist taxidriver there was recognizing that not only would have more quantitative easing but we're also going to have less regulation but the mainstream media is saying like mark carney is great because the canadian economy is so great because of course their housing bubble has not collapsed the latest statistics show that vancouver for example is the second least affordable housing market on earth after hong kong so once that burst of course let's see if his reputation does the same thing as well alan greenspan says that is because right now they're saying he's as good as alan greenspan was during his heyday but let's look at what the bankers themselves think because

there might be a good use for this kind of financial derivative and so they created the goldman sachs commodity indexes it's not only goldman it's barclays is deeply into this deutsche bank all the largest banks in the world have perceived where the value is going to lie and so this is not this financial instrument actually went counter to the entire purposes of the commodity markets commodity markets are are those markets which worked well for more than one hundred years particularly in this country stabilizing the price of food these financial derivatives were based on the commodity markets but actually have had a tremendously destabilizing effect both causing bubbles market manipulation and tremendous volatility hurting both the industry and the consumer and actually anybody involved in the food business except the bankers and the traders have the commodity markets correct me if i'm wrong were originally created because farmers were routinely going bust in the in the early one thousand nine hundred and and and bakers people who used to farm products were going bust when they were c

lloyd blankfein, the brash executive of goldman sachs. mr. blankfein, who did not hold back in asking for and receiving at least $10 billion in federal bailout funds just four years ago, is at the white house offering some advice on how the president should reduce the deficit. and he's decided that social security should be reconfigured because in his view, it's being stretched to do something that was never intended in the first place. >> social security wasn't devised to be a system that supported you for a 30-year retirement after a 25-year career. >> social security wasn't devised to be a system that supported you for a 30-year retirement after a 25-year career. i'm not sure who mr. blankfein had in mind when he made that comment, but for an investment banker he doesn't appear to be very good with numbers. because while he says that most people enjoy a 30-year retirement on social security, here's what the reality actually looks like. according to data compiled by the social security administration, a man reaching age 65 today can expect

goldman sachs bankers that are now ruling the wall and finally i want to do a quick headline here about jamie dimon follow up on him diamond best to lead treasury in crisis buffett says so warren buffett was on the charlie rose show where all of these new world order is go to announce what their plans are and he's saying jamie dimon head of j.p. morgan chase is the best man to head the treasury once timothy geithner goes because he says quote if we did run into problems in markets i think he would actually be the best person you could have in the job world leaders would have confidence in him so my question to warren buffett is what about world populations would they have faith in jamie diamond what about the population of jefferson county alabama what about the population of casino italy all wiped out by this man's derivatives and. toxic waste well like warren buffett i'm afeard a friend charlie monger but it just got to suck it up. all right stacy ever thanks so much for being on the kaiser report thank you stay tuned for the second ad talking strike debt andrew ross. you know sometim

tim geithner was very much a part of the goldman sachs crowd as was larry summers he surrounded himself at this point there were huge big chaffed of to that i would love to tell you that there would be some grand awakening this second term but i don't see that because he's surrounded himself with people who are so much a part of the industry that he almost can't shake these policy issues away the downside for him is people are starting to understand wait now let me understand ronald reagan for example in the s. and l. crisis prosecuted six hundred bankers six hundred bankers went to jail and were prosecuted in some form or fashion in this case zero bankers zero goldman sachs types have been prosecuted for stealing eighteen trillion dollars in this american mortgage scale and so people are waking up to that and i think i think this announcement that you saw eric holder make in september was a recognition that there is a blame game that's going to take place i don't see it getting better second term i think you've had really upon a crucial part of this story when we talk about the housing

developing story on goldman sachs. they just handed out the partnerships and now it seems succession talks are heating up. kate kelly has the latest. we already know they handed out the fewest number of partnerships since they went public. >> that's right. i mean, they are downsizing in the upper echelon. and as you know, compensation across the street and certainly goldman has been lower than in past years. of course, at this time of year speculation about leadership changes always rampant. at the moment, many eyes are gary chone the president of goldman sachs. he held his job since 2006 when blankfein was named chairman. successfully steered the firm through the financial crisis and ceo for more than six years. which puts him within a stone's throw of the traditional length of tenure for a goldman sachs chief. that fact, along with the elevation of a long time ally to the chief financial officer role are increasingly leading insiders to think that transition may be afoot. despite being a huge revenue source, has also

of goldman sachs and you're starting to imagine the world that the occupy movement is trying to bring into being it was going to be just not a unanimity we will be like a duke ellington jet orchestra. everybody got the only thing we needed to just note the conductor he just didn't put so much but it doesn't look. just like yes that's democracy in action at the level experiencing the horizontal community and culture and organization. was so radicalizing for people and continues to be so radicalizing because it draws such a stark contrast up against what they're fighting and actually in their minds clarifies what they're up against more than somebody. more than it would be clarified if somebody got up and tried to clarify it for them thanks to occupy wall street there's a lot of new ways of organizing which is not just calling people to participate in something you came up with but giving people the opportunity to create themselves and to be there in a regional brainstorming about what to do so that they feel empowered in this movement it's also i think finally put the kybosh. let's org

of goldman sachs and you're starting to imagine the world that the occupy movement is trying to bring into being you know always going to greet us not about you never . we will be look at duke ellington just. got the only thing worse than the duke is not the conductor he just looks good so much but does that look. just yes that's democracy in action at the level experiencing the horizontal community and culture and organization. so radicalized him for two point continues to be surrounded by because it draws such a stark contrast up against what they're fighting and actually in their minds clarifies what they're up against more than somebody. more than it would be clarified if somebody got up and tried to clarify it for thanks to occupy wall street there's a lot of new ways of organizing which is not just calling people to participate in something you came up with but giving people the opportunity to create themselves and to be part of the green original brainstorming about what to do so that they feel empowered in this movement it's also i think. finally put the kybosh on let's organi

of goldman sachs and you're starting to imagine the world that the occupy movement is trying to bring into being it was going to be just not about unanimity we will be like a duke ellington just. everybody's got the only thing we need to do just not to conduct but he just looks good so much that it doesn't look. just like yes there is democracy in action. experiencing the horizontal community and culture and organization. was so radicalizing for people and continues to be so radicalized because it draws such a stark contrast up against what they're fighting and actually in their minds clarifies what they're up against more than somebody. more than it would be clarified if somebody got up and tried to clarify it for thanks to occupy wall street there's a lot of new ways of organizing which is not just calling people to participate in something you came up with but giving people the opportunity to create yourself and to be. a regional brainstorming about what to do so that they feel empowered in this movement it's also i think finally put the kybosh. let's organize a rally on a saturday

of goldman sachs and you're starting to imagine the world that the occupy movement is trying to bring into being you know little is going to be just not a good enough we will be like a duke ellington just. everybody's got the only thing was just not the conductor he just looks good so much. yes that's democracy in action but love experiencing the horizontal community and culture and organization. was so radicalizing for two point continues to be surrounded by because it draws such a stark contrast against what they're fighting and actually in their minds clarifies what they're up against more and then somebody. more than it would be clarified if somebody got up and tried to clarify it for thanks to occupy wall street there is a lot of new ways of organizing which is not just calling people to participate in something you came up with but giving people the opportunity to create themselves and to be there in a regional brainstorming about what to do so that they feel empowered in this moment and it's also i think finally put the kybosh on let's organize a rally on a saturday in washingt

of goldman sachs and you're starting to imagine the world that the occupy movement is trying to bring into being it was going to be just not a good enough we go be like a duke ellington just. everybody's got this thing we need to do just not to conduct but you just don't put so much. money just yes that's democracy in action. experiencing the horizontal community and culture and organization. was so radicalizing for people and continues to be surrounded by because it draws such a stark contrast up against what they're fighting and actually in their minds clarifies what they're up against more than somebody. more than it would be clarified if somebody got up and tried to clarify it for thanks to occupy wall street there is a lot of new ways of organizing which is not just calling people to participate in something you came up with but giving people the opportunity to create themselves and to be there in a regional brainstorming about what to do so that they feel empowered in this moment and it's also i think. finally put the kybosh. let's organize a rally on a saturday in washington d.

of goldman sachs and you're starting to imagine the world that the occupy movement is trying to bring into being you know always going to greet us not about you. the we will be looking at duke ellington just as. everybody got the only thing we need to do just not to conduct but he just don't put so much. down in the clutches yes that's democracy in action at the level experiencing the horizontal community and culture and organization. so radicalized him for two point continues to be surrounded by some because it draws such a stark contrast up against what they're fighting and actually in their minds clarifies what they're up against more than somebody. more than it would be clarified if somebody got up and tried to clarify it for thanks to occupy wall street there's a lot of new ways of organizing which is not just calling people to participate in something you came up with but giving people the opportunity to create them selves and to be part of a regional brainstorming about what to do so that they feel empowered in this movement it's also i think finally put the kybosh on let's org

of goldman sachs and you're starting to imagine the world that the occupy movement is trying to bring into being it was going to be just not a good enough we will be like a duke ellington just. everybody's got the only thing was just not the conductor he just looks good so much. the list. just yes that's democracy in action. experiencing the horizontal community and culture and organization. was so radicalizing for people in continues to be surrounded by some because it draws such a stark contrast up against what they're fighting and actually in their minds clarifies what they're up against more than somebody. more than it would be clarified if somebody got up and tried to clarify it for thanks to occupy wall street there's a lot of new ways of organizing which is not just calling people to participate in something you came up with but giving people the opportunity to create themselves and to be there in a regional brainstorming about what to do so that they feel empowered in this movement it's also i think. finally put the kybosh. let's organize a rally on a saturday in washington d.

of goldman sachs and you're starting to imagine the world that the occupy movement is trying to bring into being we don't always go to greatness not of unanimity we will be like a duke ellington jazz orchestra. everybody got their own voice and even duke is not the conductor he just didn't put the money but he did gonzalez he did it. just is not just yes that's democracy in action at the deepest level experiencing the horizontal community and culture and organization. so radicalizing for people and continues to be so radicalizing because it draws such a stark contrast up against what they're fighting and actually in their minds clarifies what they're up against more and then somebody. more than it would be clarified if somebody got up and tried to clarify it for them thanks to occupy wall . street there is a lot of new ways of organizing which is not just calling people to participate in something you came up with but giving people the opportunity to create themselves and to be part of a regional brainstorming about what to do so that they feel empowered in a smart it's also i think.

of goldman sachs and you're starting to imagine the world that the occupy movement is trying to bring into being was going to be just not a good enough we will be like a duke ellington jenna's orchestra. everybody's got the only thing we need to do just not the conductor he just put the money. yes that's democracy in action. experiencing the horizontal community and culture and organization. so radicalizing for two point continues to be surrounded by because it draws such a stark contrast against what they're fighting and actually in their minds clarifies what they're up against more than somebody. more than it would be clarified if somebody got up and tried to clarify it for thanks to occupy wall street there is a lot of new ways of organizing which is not just calling people to participate in something you came up with but giving people the opportunity to create itself and to be part of a regional brainstorming about what to do so that they feel empowered in this moment and it's also i think finally put the kybosh on let's organize a rally on a saturday in washington d.c. when every

of goldman sachs and you're starting to imagine the world that the occupy movement is trying to bring into being a little is going to be just not about unanimity we will be like that duke ellington jazz orchestra. everybody got the only thing we need to do because not the conductor he just didn't put the money but he does the it. just encourages yes that's democracy in action at the level experiencing the horizontal community and culture and organization. was so radicalizing for people and continues to be so radicalizing because it draws such a stark contrast up against what they're fighting and actually in their minds clarifies what they're up against more than somebody. more than it would be clarified if somebody got up and tried to clarify it for them thanks to occupy wall street there's a lot of new ways of organizing which is not just calling people to participate in something you came up with but giving people the opportunity to create itself and to be. a regional brain it's timing about what to do so that they feel in. however it is it's also i think. finally put the kybosh on

of goldman sachs and you're starting to imagine the world that the occupy movement is trying to bring into being we know it was going to be just not a unanimity we go be like a duke ellington jazz orchestra. everybody got to. do just not the conductor he just didn't know it so much but it doesn't it. just is not just yes that's democracy in action but level experiencing the horizontal community and culture and organization. was so radicalizing for people and continues to be so radicalizing because it draws such a stark contrast up against what they're fighting and actually in their minds clarifies what they're up against more than somebody. more than it would be clarified if somebody got up and tried to clarify it for them thanks to occupy wall street there's a lot of new ways of organizing which is not just calling people to participate in something you came up with but giving people the opportunity to create their selves and to be. a regional brain and storing about what to do so that they feel empowered in this moment and it's also i think. finally put the kybosh. letter. as a rall

of goldman sachs and you're starting to imagine the world that the occupy movement is trying to bring into being it was going to be just not a unanimity we will be like a duke ellington j.s. orchestra. everybody's got the only thing we need to do just not the conductor he just didn't call it so much but it doesn't look. just yes that's democracy in action at the level of experiencing the horizontal community and culture and organization. so radicalizing for people and continues to be so radicalizing because it draws such a stark contrast up against what they're fighting and actually in their minds clarifies what they're up against more than somebody. more than it would be clarified if somebody got up and tried to clarify it for them thanks to occupy wall street there is a lot of new ways of organizing which is not just calling people to participate in something you came up with but giving people the opportunity to create yourself and to be there in a region your own brain and storing about what to do so that they feel empowered in this moment and it's also i think finally put the kybo

investment bank goldman sachs is the latest to expect good things. it upgraded its view of the stock from "neutral" to "buy". shares of rimm have been rallying since late september, when they traded at an eight- year low. the stock moved up 4% today on heavy volume. goldman sachs thinks wall street is underestimating the business research in motion will see thanks to its new blackberry next year. all five of the most actively traded exchange traded products were up. the i-shares japan fund led the gains, up 1.2%. and that's tonight's "market focus". next week, we will see how november treated auto makers. the head of volkswagen north america thinks superstorm sandy may cut into industry-wide sales by as much as 50,000 vehicles. v.w. and its competitors from around the globe are rolling out some of their newest products this week at the los angeles auto show. and for v.w., what's old is new. diane eastabrook has details. >> introducing the beetle convertible special edition. >> reporter: for baby boomers, the iconic beetle is a blast from the past. fo

of goldman sachs and you're starting to imagine the world that the occupy movement is trying to bring into being you know always going to greet us not about unanimity we go be like a duke ellington jazz orchestra. everybody's got their own voice and even duke is not the conduct that he just one puts among others but it doesn't really hit. johnny and i just yes that's democracy in action at the deepest level experiencing the horizontal community and culture and organization. so radicalizing for people and continues to be so radicalizing because it draws such a stark contrast up against what they're fighting and actually in their minds clarifies what they're up. against more than somebody. more than it would be clarified if somebody got up and tried to clarify it for thanks to occupy wall street but there is a lot of new ways of organizing which is not just calling people to participate in something you came up with but giving people the opportunity to create for themselves and to be part of a original brainstorming about what to do so that they feel empowered in a smooth it's also i th

morgan in new york along with goldman sachs but thankfully j.p. morgan involved in the m.f. global scandal involved a numerous accounting fraud scandals and involved in market manipulation scandals contrast that of course with barclays and h.s.b.c. here in the u.k. where the government here in britain seems to be getting a little bit more proactive in a least paying some lip service to trying and brain in these. terrorist bankers here's my question francine mckenna given this regulatory arbitrage given the fact that wall street outsources its fraud to the u.k. for the most part and given the fact that the u.k. is now downsizing is there a bit of. let's say a purposeful attempt to buy wall street. to don't pull out of the stuff in the city of london as a way to competitively drive the city of london down you know. it's very competitive cross-currents along those lines i see what you mean i'm not sure i think that unfortunately the bankers here in the us but on romney and that that was really really really wrong now they're going to have to deal with an obama that's reenergize

sachs is heading they're hedging their bets on romney since obama already is in their money bag and last but definitely not least the defense industry the sector i devote most of my time to on the show well you might be disappointed to learn they barely gave anything to either. candidate only about a million to both of them oh it's like they don't even care or well you know what they don't because they know that obama is not going to cut defense and if they get romney well they don't have to worry about a thing because if there is one promise that will come true regardless of who you vote for it that both of these candidates will continue to push for endless war in the of this aeration of our civil liberties the interests of the same military industrial complex that eisenhower warned us about when he was leaving office and you can take that to the bank. teller or. anything like. millions of visitors make a trip to the nation's capitol each year some to get an up close look at the home of the president of the united states or just to bask in the city's one of a kind museums and plent

sachs and co irish between the french banks and the german banks and anglo irish nowhere was there a single citizen of ireland that signed that contract so you do not owe this money to these bankers you do not owe them this welfare the social welfare this five hundred twenty nine thousand euros a year for this guy to continue being a bank star schmuck right will bill black was in ireland during the nomics he said point blank the irish people have no legal responsibility to pay these unsecured debt but the school kids in the audience these children these young people are saying oh but have a moral responsibility to me you know ok you suffering from stockholm syndrome whatever judge you're on stop take it and get with the program you don't have to be abused by banking terrorists well it's not drugs is called the the independent on sunday it's called the irish press all of the press is telling them that they have a moral obligation to pay the debts of these private bankers but you know all they have to do is read adam smith's wealth of nations to discover what capitalism is and you'll s

sachs was obama's number one contributor in two thousand and eight and what do you know it this time around it's romney's top number one financer obama only received amusing nineteen million dollars from the country's financial giants for this election compared to the whopping fifty two million dollars the romney camp happily accepted i guess goldman sachs is heading they're hedging their bets on romney since obama already is in their money bag and last but definitely not least the defense industry the sector i devote most of my time to on the show well you might be disappointed to learn they barely gave anything to either. candidate only about a million to both of them oh it's like they don't even care or well you know what they don't because they know that obama is not going to cut defense and if they get romney well they don't have to worry about a thing as if there is one promise that will come true regardless of who you vote for it that both of these candidates will continue to push for endless war in the end this aeration of our civil liberties the interests of the same militar

morgan in new york along with goldman sachs but principally j.p. morgan involved in the m.f. global scandal involved in numerous accounting fraud scandals and involved in market manipulation scandals contrast that of course with barclays and h.s.b.c. here in the u.k. where the government here in britain seems to be getting a little bit more proactive in a least paying some lip service to trying and brain in these. terrorist bankers here's my question francine mckenna given this regulatory arbitrage given the fact that wall street outsources its fraud to the u.k. for the most part and given the fact that the u.k. is now downsizing is there a bit of. let's say a purposeful attempt to buy wall street to. don't pull out of the stuff in the city of london as a way to competitively drive the city of london down you know i mean it's very competitive cross-currents along those lines i see what you mean i'm not sure i think that unfortunately the bankers here in the us but on romney and that that was really really really wrong now they're going to have to deal with an obama that's rea