max kaiser matt taibbi is out with another piece and features prominently goldman sachs and this is the headline the vampire squid strikes again the mega banks most devious scam yet banks are no longer just financing heavy industry they are actually buying it up and inventing bigger bolder and scarier scams than ever now this is the fallout from the financial services modernization act of one nine hundred ninety nine also known as the graham least bliley act now that overturned glass steagall of course but it also legalized new forms of monopoly allowing banks to merge with heavy industry a tiny provision in the bill also permitted commercial banks to delve into any activity that is quote complimentary to a financial activity now at the time that this was pushed it was first pushed by j.p. morgan and they said in congressional testimony they compared this complimentary financial activity to something like american express which which publishes the travel and leisure magazine it would just be something like that just complementing each other well we're saying this relationship between ba

this are goldman sachs morgan stanley and j.p. morgan chase and he says regarding the oil industry for example this is just how deep the tentacles go but banks aren't just buying stuff they're buying whole industrial processes they're buying oil that's so on the ground the tankers that move it across the sea the refineries that turn it into fuel and the pipelines that bring it to your home then just for kicks they're also betting on the timing and efficiency of these same industrial processes in the financial markets buying and selling oil stocks on the stock exchange or oil futures on the futures markets swaps on the swaps market excedrin so there's a whole sale merger of banks and heavy industry they control the entire process much like oh we saw that back in the fifty's sixty's and seventy's did it way with communism also control the entire process right i mean it is a command and control state run corrupt fascist dictatorship for stuff i mean that's a given but what it does to the economy as a whole and the ecology as a whole

i am not here to defend goldman sachs. it is detrimental to the money they put into building their brand. it is ironying if and satire, which the twitter feed, we all agree, is. but he says he works at goldman sachs and he will use jp stone and tell everyone in the real world what working in wall street is like, he will not use his real name, it is designed to her goldman sachs, i cannot think it is right. i were goldman sachs, i would be pretty upset about it. >> i find it hard to believe that would come out. shifted from nonfiction to the fiction division of the publisher. >> then it will be like ron burgundy writing a book about what it is like to work at channel four. have four risks. you have operational risks, interest rate risks, credit risks, and reputational risks. the only one that ultimately destroys the franchise value is reputational risk. yes, this is potentially very destructive to the brand. i agree this was satire and most people know it. at the same time, if people believed these were things actually over

sachs guy and it's not only goldman sachs it's all of the bags general i'm sorry to interrupt you but we're running out of time i'm getting yelled at to to go but you have to come back and we love hearing from you you're always entertaining and always insightful that was gerald celente author blogger and publisher of the trends journal time now for today's big deal. and harrison joins me now to talk to god he deals specifically mean a simple one now here's what's happening in these days now in detroit where we just recently saw the largest bankruptcy in u.s. history the federal government is going to buy land but not the u.s. federal government it's the canadian federal government that is doing all the buying and apparently the canadian government is going to start buying land and tried to make way for the u.s. side of a new bridge linking canada to the u.s. now the move is intended to circumvent opponents of the project. and put an end to delays caused by us federal government's hold up in allocating money for the project now there were some i think commercials just last night during

oh what's his name the guy was also from goldman sachs and find another guy. and there's the name escapes me you know exactly what i like. anyway it's the goldman sachs it's who's the head of the who's the head of the european central bank drug managing director of goldman sachs and there you have one after another who's the head of the bank of england mark. carney by the way is the abbreviation for carnival he's also former goldman sachs guy and it's not only goldman sachs it's all of the bags gerald i'm sorry to interrupt you but we're running out of time i'm getting yelled at to to go but you have to come back and we love hearing from you your always entertaining and always insightful that was gerald celente author blogger and publisher of the trends journal time now for today's big deal. and harrison joins me now to talk to god he deals specifically municipal ones now here's what's happening in muni land these days now in detroit where we just recently saw the largest bankruptcy in u.s. history the federal government is going to buy land. but nothing u.s.

anyway it's the goldman sachs it's who's the head of the who's the head of the european central bank drug managing director of goldman sachs and there you have one after another who's the head of the bag of the english mark. carney by the way is the abbreviation for carnival he's also former goldman sachs guy and it's not only goldman sachs it's all of the bags general i'm sorry to interrupt you but we're running out of time i'm getting yelled at to to go but you have to come back and we love hearing from you you're always entertaining and always insightful that was gerald celente author blogger and publisher of the trends journal time now for today's big deal. and harrison joins me now to talk to god he deals specifically mean a simple one now here's what's happening in muni land these days now in detroit where we just recently saw the largest bankruptcy in u.s. history the federal government is going to buy land but nothing u.s. federal government if the canadian federal government is doing all of the buying and apparently the canadian government is going to start buying land and t

anyway it's the goldman sachs it's who's the head of the who's the head of the european central bank drug managing director of goldman sachs and there you have one after another who's the head of the bag of the english mark. carney by the way is the abbreviation for carnival he's also former goldman sachs guy and it's not only goldman sachs it's all of the bags general i'm sorry to interrupt you but we're running out of time i'm getting yelled at to to go but you have to come back and we love hearing from you you're always entertaining and always insightful that was gerald celente author blogger and publisher of the trends journal time now for today's big deal. and harrison joins me now to talk to god he deals specifically municipal ones now here's what's happening in muni land these days now in detroit where we just recently saw the largest bankruptcy in u.s. history the federal government is going to buy land but nothing u.s. federal government is the canadian federal government that's doing all of the buying and apparently the canadian government is going to start buying land and

they become goldman sachs by sitting on the sidelines and then finally a quick little headline about the biggest participant in the money laundering operations of not bit coy but the u.s. dollar mexico's top drug lord joaquin shorty goes men arrested so one of the world's most wanted drug barons joaquin guzman known as el chapo or shorty has been arrested in mexico he was the leader of the cinema loa cartel which smuggles huge amounts of illegal drugs into the u.s. and so we must see how this will impact h.s.b.c. because of course the stand alone a cartel was h.s.b.c. biggest single client accounting for billions in revenues over the years so we'll see i suppose they'll either get an overt bailout from the government or a stealth bailout from the government that's the way it got to stay so you've got to go thank you it could cause a whirlpool of dollars. all right stay tuned for the second half oh a lot more. it was a. very hard to take. that back with great care. cool silos talk a. little. bit of a. little. pain for the young girls cam all for of a future hunter. between two and thr

as goldman sachs lost its crown as the king of investment banking? charlie gasparino joins me with exclusive details. what about the t r? >> very good. we do know they did not get the what's app deal, morgan stanley advised what's app but they did get a twitter idea but here is what we know in terms of m&a so far this year, a little dangerous to extrapolate the whole year from a quarter or whatever we got so far but right now people on wall street are talking about this goldman sachs -- depending on your statistic anywhere between 3 and a third-place and fifth place from number one over the last two years. jpmorgan and morgan stanley are slugging out for number one. the morgan stanley advantages simply they do a lot of tech deals, they're good at that. michael grimes, the banker in silicon valley is one of the best in the business so they are good at that. jpmorgan has a balance sheet and this is where goldman sachs is finding problems. morgan stanley has the investment-banking niche. jpmorgan has the balance sheet where it could buy, it could go in

or they need to do to try to grab as much of this business as possible then become goldman sachs by sitting on the sidelines and then finally a quick little headline about the biggest participant in the money laundering operations of not big corn but the us dollar mexico's top drug lord joaquin shorty guzman arrested so one of the world's most wanted drug barons joaquin guzman known as el chapo or shorty has been arrested in mexico he was the leader of the sim aloa cartel which smuggles huge amounts of illegal drugs into the u.s. and so we must see how this will impact h.s.b.c. because of course set a low a cartel was h.s.b.c.'s biggest single client accounting for billions in revenues over the years so we'll see i suppose they'll either get an overt bailout from the government or a stealth bailout from the government that's the way it goes states you've got to go thank you it could cause a whirlpool of dollars. all right stay tuned for the second half of all of more. cross talk rules and if it doesn't you can jump in anytime you want. equal rights. to the. lives. of the young girls can hol

sachs knew that he would bail out fannie mae and freddie mac. so this is one of the speculations about mt gox is that of course they know whether or not they have only mark karr peleus knows if he has been going to give to his clients so he could if if he does have he could of course buy it one hundred dollars and then sell them at six hundred dollars later right well goldman sachs for more you know was actually taking a close look at they call him now and then been doing some internal research and circulating it internally so obviously they're quite envious of. mt gox and big point at this stage and grabbing market grabbing attention it's obviously the growth industry to be and i think goldman sachs will participate like some of these other new starts well but they will try and they of course will do whatever they need to do to try to grab as much in this business as possible then become goldman sachs by sitting on the sidelines and then finally a quick little headline about the biggest participant in the money laundering operations of not big

i am a shareholder at goldman sachs. we talked to our shareholders. we don't try to overcompensate our people. watch our full exclusive interview with goldman sachs ceo lloyd blankfein online at bloomberg.com/tv or just go to our tablet app, bloomberg tv plus. you're going to hear from another banker, former morgan stanley chief. we are going to get personal with him. all those frequent flyer miles you have racked up might not be worth as much. we are going to give you the scoop in motors. you can get much closer to sky lining than this. these acrobats are throwing caution to the wind attempting to tight rope walk between two hot-air balloons. are you kidding me? that is insane. ♪ >> in motors today, airbus showed off its new widebodied a-350 at the singapore air show. half the jet is made from carbon fiber making it lighter and more fuel-efficient. it costs about $250 million. meanwhile, boeing is dealing with allegations its carbon fiber plane is not as fuel-efficient as advertised. according to the times of india, air india once reimbursement for

what's his name the guy was also from goldman sachs and find another guy you know it's like you know there's a really didn't know there's gratian and they've escaped you know exactly what i like. anyway it's the goldman sachs it's who's the head of the who's the head of the european central bank drug managing director of goldman sachs and there you have one after another who's the head of the bag of the english mark. carney by the way is the abbreviation for carnival he's also former goldman sachs guy and it's not only goldman your ex it's all of the bags gerald i'm sorry to interrupt you but we're running out of time i'm getting yelled at to to go but you have to come back and we love hearing from you your always entertaining and always insightful that was gerald celebs an author blogger and publisher of the trends journal time now for today's big deal. and harrison joins me now to talk to god he deals specifically municipal ones now here's what's happening in muni land these days now in detroit where we just recently saw the largest bankruptcy in u.s. history the federal government

sachs knew that he would bail out fannie mae and freddie mac. so this is one of the speculations about mt gox is that of course they know whether or not they have only mark karr peleus knows if he has big coin to give to his clients so he could if if he does have he could of course buy at one hundred dollars and then sell them at six hundred dollars later well goldman sachs for more you know was actually taking a close look at that coin now and then been doing some internal research and circulating it internally so obviously they're quite envious of mt gox and big point at this stage and grabbing market grabbing attention it's obviously the growth industry to be and i don't think goldman sachs will participate like some of these other new up starts well but they will try and they of course will do whatever they need to do to try to grab as much of this business as possible then become goldman sachs' by sitting on the sidelines and then finally a quick little headline about the biggest participant in the money laundering operations of not big cor

what's his name the guy was also from goldman sachs and find another guy you know it's like there's a really didn't know there's a name escapes me you know exactly what i like. anyway it's the goldman sachs it's who's the head of the who's the head of the european central bank drug managing director of goldman sachs and there you have one after another who's the head of the bag of the english mark. carney by the way is the abbreviation for carnival he's also former goldman sachs guy and it's not only goldman there are acts it's all of the bags general i'm sorry to interrupt you but we're running out of time i'm getting yelled at to to go but you have to come back and we love hearing from you you're always entertaining and always insightful that was gerald celeb's an author blogger and publisher of the trends journal time now for today's big deal. and harrison joins me now to talk to god he deals specifically mean a simple one now here's what's happening in muni land these days now in detroit where we just recently saw the largest bankruptcy in u.s. history the federal government is go

sachs knew that he would bail out fannie mae and freddie mac. so this is one of the speculations about mt gox is that of course they know whether or not they have only mark karr peleus knows if he has to give to his clients so he could if if he does have he could of course buy at one hundred dollars and then sell them at six hundred dollars later right well goldman sachs from or you know was actually taking a close look at that calling now and then been doing some internal research and circulating it internally so obviously they're quite envious of mt gox and big point at this stage and grabbing market grabbing attention it's obviously the growth industry to be and i don't think goldman sachs will participate like some of these other new upstart will but they will try and they of course will do whatever they need to do to try to grab as much of this business as possible then become goldman sachs' by sitting on the sidelines and then finally a quick little headline about the biggest participant in the money laundering operations of not because wh

. >> jon: oh my god goldman sachs is going to have a nuclear weapon before iran! (laughter) here's how bad ass goldman is now. just the thought of them can topple a government. >> the danish center left coalition in power since 2011 has been plunged into its deepest political crisis by the investment from goldman-- goldman sachs. >> jon: all they had to do was invest money in the country and the whole country is [bleep] we're leaving. what did goldman invest in over there. >> protestors are angry about goldman's 1.5 billion investment in state-owned utility dong energy. (laughter) >> jon: dong energy, huh? i think they sell that at a bodaga near my house. (laughter) supposedly made from real giraffe balls but i don't know, it's unregulated. not that i didn't get results with it but it's hardly worth $1.5 billion investment, unless i'm somehow misinterpreting everything about the corporation dong energy because of the relatively juvenile attachment to the word dong. (laughter) but you know what, look how the danish people took to the streets. you know you've made i

yes, 12.6 million shares of goldman sachs. they are expanding enormously their interest in goldman sachs right now. we'll follow these stocks very closely. jim lowell do you follow what they do from time to time schiffing their portfolio at warren buffett's company? >> we certainly look at the holdings, weightings not necessarily as compass but a matter of interest. the move into goldman sachs reflects if you have recovery, not just domestically but globally you need financial engines to help drive gains and financial services are that engine. >> i'm looking after-hours by the way. not much change in the stock. go ahead, sandy. sandra: david, speaking of goldman sachs, i was talking to charlie gasparino last hour who was starting to hint maybe there will be a change at the helm there. lloyd blankfein may be stepping aside soon, talking about his predecessor or who might be taking over for him. there you have goldman sachs shares by the way, not a huge move here. this is likely to be closely watched. how do you view this news,

the appeal came from the mystery, who is this mystery goldman sachs employee? we know. "the new york times" reported it was not an employee at all and was never in a goldman sachs elevator. he is a 44-year-old x bond executive. he started the account is a joke. month, he sold the book about wall street culture based on thosetweets for six figures. the goldman sachs response was that -- nice to see everyone has a sense of humor here. get on withcan the business of making money and that comes at a price. jpmorgan chase it would eliminate 8000 jobs at its consumer and mortgage banking units this year because falling demand for mortgage refinancing. the reductions would bring the staffing cuts to 24 thousand 500 into two divisions since the start of 2013. banks have been the goto place for hundreds of years. then came the digital currencies --itcoin.t coin b it turns out the recent rise of bitcoin shows the digital currency has growing up to do. >> the exchange site went off-line this morning. a bug in their system allowed users to withdraw more bitcoin than allowed. it com

the goldman sachs response was that -- nice to see everyone has a sense of humor here. wall street can get on with the business of making money and that comes at a price. jpmorgan chase it would eliminate 8000 jobs at its consumer and mortgage banking units this year because falling demand for mortgage refinancing. the reductions would bring the staffing cuts to 24 thousand 500 into two divisions since the start of 2013. banks have been the goto place for hundreds of years. then came the digital currencies like bitcoin. it turns out the recent rise of bitcoin shows the digital currency has growing up to do. >> the exchange site went off-line this morning. a bug in their system allowed users to withdraw more bitcoin than allowed. it comes one day after the ceo stepped down from the bitcoin foundation. and advocacy group. >> this is the world's largest and most, bitcoin exchange. if you try to log onto the website, it would come up wind. the news made it so that bitcoin plunged in value. it was higher than 1100 back in december. >> mt. gox has been plagued with issues wit

he has never worked at goldman sachs. the authenticity of twitter accounts and messages they spew out and the followers they have is a topic that is familiar to my next guest. is the ceo of silverback social create he actually purchased 55,000 followers. let's tell people what it is you did and why would anybody want to buy followers? for people who do not know about twitter, what is the deal? >> it was a mistake. i twitter followers was a mistake. you can buy the numbers you do not buy the engagement. you do not buy the equity that comes along with that. there was a moment in time where i was launching silverback social. i was working with a client that had a book out and she wanted to investigate purchasing new followers and i was tempted. i was backed against a wall and i said there is something to this. maybe the persona of more followers will help me get more speaking engagements and get more clients and i caved and i did it. >> what does it cost customer >> a lot less than you think. how much do you think it would c

he has never worked at goldman sachs. the authenticity of twitter accounts and messages they spew out and the followers they have is a topic that is familiar to my next guest. chris dessi is the ceo of silverback social. he actually purchased 50,000 followers. let's tell people what it is you did and why would anybody want to buy followers? for people who do not know about twitter, what is the deal? >> it was a mistake. buying twitter followers was a mistake. you can buy the numbers, you do not buy the engagement. you do not buy the equity that comes along with that. there was a moment in time where i was launching silverback social. i was working with a client that had a book out and she wanted to investigate purchasing new followers and i was tempted. i was backed against a wall and i said there is something to this. maybe the persona of more followers will help me get more speaking engagements and get more clients and i caved and i did it. >> what does it cost customer? >> a lot less than you think. how much do you thi

it's the picture and ceo of goldman sachs. and this person posts snarky remarks things like, if you can only do good at one thing, be good at lying because if you're good at lying you're good at everything. and then he writes, groupon, it's the food stamps for the middle class. and he writes this, was that really an earthquake? no, i just dropped my wallet, laughter. there is a facebook page for the same person who has 32,000 likes on it, so tony, what are some of the reactions? well, what's more surprising, fact that gs elevator author didn't even work there or people thought they were real quotes and not satire. anand import writes, well playe, john. you're the reason why i joined tweeter to begin with. sam said, the only cool i ever heard was a guy bragging to me that he knew harrison ford. you also have this tweet from barbara, a tech writer at ap who said, i always that gs he will rater was a parody account. no one ever talks on elevators. >> only a small percentage of women in the army say they want combat jobs. that's a

sachs and morgan stanley and a i.g. and all the rest of wasn't two to zero eight in my book the great deformation which i put out. recently i refuted all of the urban legends on which that was based but if you look at washington today it's a money machine where the interest groups come in and try to get their hands on the tax scene or subsidy or regulatory power of the government to get outcomes in the economy that they wouldn't. market like you know like the u.a.w. are bailing out g.m. so yes capitalism capitalism is being corrupted we don't have on as capitalism we have crony capitalism the fed and keynesian philosophy are the primary source of that tremendous damage that is being done david thank you so much for your time in your insight come back anytime that was david stockman author of the great defamation time now for today's big deal. and today's big deal rachel is back madame curtis and we're here to talk about wall street secret for two hundred a true story a secret fraternity now many of the barons of wall st

of goldman sachs as well now it collapsed in a heap in two thousand and twelve or was anyone charged with fraud they're going to you should mention that that's a chicago firm that rose from the ashes of rocco another bankruptcy that was money or didn't tried and no one is really been prosecuted for that either although there have been some charges laid by the c.f. to see the consumer financial protector the commodities. regulator and there are also have been several lawsuits although not one of them yet naming the the auditor peter b. c. at least not any major ones now do you think the accounting industry was complicit in the failures that created the financial crisis which obviously began in two thousand and seven. certainly that's sort of the premise of a lot of what i talk about or that on my blog in other publications an out when i speak out of balance the auditors are right there in the middle and they work both sides of the equation so for example peter b c is the order of j.p. morgan which was the major banker to an a global global they couldn't be completely unaware of what w

sachs goldman sachs good most i think it was two years ago sinking a french newspaper that salaries are too high in prince. government size could you imagine that saying you know we won't the seller is going down of the thirty percent and basically this is what is what is happening now so you do this in. the perfect pattern and of course in in france we can see the extreme right. going up definitely that's for sure you have the movement from and so on for instance you have the movement from you know from some other little little part of it but they're not as strong as they were in greece don't forget a month in the pen on the country she is going to have i think she's going to make a very very interesting score on the election in march and we're going to have to rupa near the actions in may and this one is going to be really frightful because i think she's going to win on this one and she gets she's against europe right so just to be clear you do see a rise of a neo nazi element in france but the media seems to be blowing it up in a huge proportion to take attention away from the fa

sachs goldman sachs commode i think it was two years ago sinking a french newspaper that salaries are too high in france government size could imagine that saying you know we want the seller is going down of the thirty percent and basically this is what is what is happening now so you do this is the perfect pattern and of course in in france we can see the extreme right. going up definitely does. that's for sure you have the movement from and so on for instance you have the movement from you know from some other little little part of it but they're not as strong as they were in greece don't forget a month in the pen on the country she is going to have i think she's going to make a very very interesting score at the election in march and we're going to have to rupa never actions in may and this one is going to be really frightful because i think she's going to win on this one and she gets she's against europe right so just to be clear you do see a rise of a neo nazi element in france but the media seems to be blowing it up in a huge proportion to take attention away from the fact that

sachs goldman sachs commode i think it was two years ago sinking a french newspaper that salaries are too high in france government size could imagine that saying you know we want the seller is going down of the thirty percent and basically this is what is what is happening now so you do this is the perfect pattern and of course in in france we can see the extreme right. going up definitely the. sure you have the movement from and so on for instance you have the movement from you know from some other little little part of it but they're not as strong as they were in greece don't forget a month in the pen on the country she is going to have i think she's going to make a very very interesting score on the election in march and we're going to have to roup an election in may and this one is going to be really frightful because i think she's going to win on this one and she gets she's against europe right so just to be clear you do see a rise of a neo nazi element in france but the media seems to be blowing it up in a huge proportion to take attention away from the fact that the holland go

of goldman sachs as well now it collapsed in a heap in two thousand and twelve or was anyone charged with fraud they're funny you should mention the. chicago firm that rose from the ashes of wrath kohen other bankruptcy that was money or to been tried and no one has really been prosecuted for that either although there have been some charges laid by the c.f. to see the consumer financial protect. the commodities. regulator and there also have been several lawsuits although not one of them yet naming the the auditor peter b c at least not any major ones now do you think the accounting industry was complicit in the failures that created the financial crisis which obviously began in two thousand and seven certainly that's sort of the promise of a lot of what i talk about both on my blog in other publications an out when i speak at events. the auditors are right there in the middle and they work both sides of the equation so for example peter b c is the auditor of j.p. morgan which was the major banker to an of global and of global they couldn't be completely unaware of what was going on

max kaiser matt taibbi is out with another piece and features prominently goldman sachs and this is the headline the vampire squid strikes again the mega banks most devious scam yet banks are no longer just financing heavy industry they are actually buying about and inventing bigger bolder and scarier scams than ever now this is the fallout from the financial services modernization act of one nine hundred ninety nine also known as the graham least bliley act now that overturned glass steagall of course but it also legalized new forms of monopoly allowing banks to merge with heavy industry a tiny provision in the bill also permitted commercial banks to delve into any activity that is quote complimentary to a financial activity now at the time that this was pushed it was first pushed by j.p. morgan and they said in congressional testimony they compare this complimentary financial activity to something like american express which which publishes the travel and leisure magazine it would just be something like that just complementing each other well we're saying this relationship between ban

piece and features prominently goldman sachs and this is the headline the vampire squid strikes again the mega banks most devious scam yet banks are no longer just financing heavy industry they are actually buying it up and inventing bigger bolder and scarier scams than ever now this is the fallout from the financial services modernization act of one nine hundred ninety nine also known as the graham least bliley act now that overturned glass steagall of course but it also legalized new forms of monopoly allowing banks to merge with heavy industry a tiny provision in the bill also permitted commercial banks to delve into any activity.

goldman sachs says the currency may have a further to slide. in new zealand, it is close to 1/5 of 1% down. the new zealand dollar, also weakening at $.82. now on the back of steep growth in air travel, indonesia's has beencarrier garuda increasing its fleet, poised for another order. our correspondent has been following the story. >> last quarter, we know the ceo said they wanted to accomplish two things in the first quarter. first, they wanted to expand their fleet, and second, it wanted to retire all their aircraft. according to people familiar, this is what we know. the company is negotiating with airbus to potentially buy 10 a330's. the deal could be as high as $2.43 billion. below $243ircraft is million. it is also said to be considering twin aisle planes, from which it will choose 350 and the boeing dreamliner. the decision will come in the next few weeks or so. it has also been studying a potential purchase of airbus's , though a a380 decision on that will not probably be made until later on. we are taking a look at garuda. what i want

hint, it is nobody actually at goldman sachs. but is this another example to me, maybe not to you, that goldman sachs or twitter will have bigger problems than it already does. >> i know you do -- >> you say no, i say yes. we'll fight after the break. tdd#: 1-800-345-2550 trading inspires your life. tdd#: 1-800-345-2550 life inspires your trading. tdd#: 1-800-345-2550 where others see fads... tdd#: 1-800-345-2550 ...you see opportunities. tdd#: 1-800-345-2550 at schwab, we're here to help tdd#: 1-800-345-2550 turn inspiration into action. tdd#: 1-800-345-2550 we have intuitive platforms tdd#: 1-800-345-2550 to help you discover what's trending. tdd#: 1-800-345-2550 and seasoned market experts to help sharpen your instincts. tdd#: 1-800-345-2550 so you can take charge tdd#: 1-800-345-2550 of your trading. save you fifteen percent or more on car insurance.d everybody knows that. well, did you know pinocchio was a bad motivational speaker? i look around this room and i see nothing but untapped potential. you have potential. you have

the anonymous goldman sachs elevator tweeter revealed. remember this one? he's a 34-year-old guy named john lafevre. he's never worked for goldman sachs. maybe he's worked for "duck dynasty." what do we think of this, bob? >> well, look, it's fine if the guy wants to create witty sayings around things that might have been said in a goldman sachs elevator. but that wasn't the way it was presented. it was presented like he was there. interestingly, his publisher doesn't seem to have a lot of problems with this. i've got an even bigger problem with his publisher not disavowing him, particularly since the clear location the guy worked there. >> i have been following him for a long time, not because i really thought he was quoting the things said in the elevator. he was funny. the nsa is the only branch in government that actually listens to people. come on, people at goldman are not that clever. by the way, he's only following three people, 600,000 following him, he's following carl icahn, who is following him back, somebody called hope plumbing and he's also f

if they don't, goldman saw sacks -- goldman sachs, you know, it's hard to grow that business because they grew it traditionally through the fixed income side, and that is not -- according to the new rules of the road, you can't to that. if you want to do that, you've got to hold tremendous amounts of capital which they don't have. so that's ap issue for goldman as much as this right now. sandra: do you think speculation is heating up that this change at the helm could take place, not imminent, but soon? >> people are talking about it. they've beenntalking about this for a long time. at some point we're going to be right. [laughter] it's like predicting the market collapse. at some point, you're going to be right. sandra: all right. charlie gasparino, thank you very much. >>> well, it was a busy week this business. corporate earnings, exciting business deals and janet yellen making her congressional debut as the fed chair. worried you missed anything? don't be, here's what's worth repeating. >> because reason has prevailed. we've had a longsanding commitment to return capital to hair

goldman sachs units in the scene of the biggest days. given that the two thousand and six turin to get in state politics. five eight seconds to seal the title with a seventy five points. how did it by thinking but was douglas county and scored more than just a bunch of second place with the telephone swansea mistake the kids. free to roam and the board needed me there to lay with a soft spot in the middle started hiding in the minerals metals had a connection to bring the total to seven to go and listen to the joint second with a united states canada and russia own fault that the spirit college in nineteen six days going to take three if the right to stand up. since. ch. a second round of un sponsored peace talks between the syrian government and opposition begin today in geneva democrats are the sides of the ride to the discussions which are expected to last five days. but there's no sign peace with their new best of the round one last time there wasn't even if the deal humanitarian relief that tibetan movement on the pc with a transiti

that isn't his picture by the way that's the chairman of goldman sachs. for three years he wrote sparkky remarked supposedly things heard in gold map sax elevators. he wrote tattoos aren't my thing that would be like putting a bumper sticker on a lampur ginny. it says group on, food statutes for the middle class. >> hey. >> or suit them burr one, was that really an earthquake, suit number two says no i just dropped my wallet. so what are the reactions, what's more surprising fact that g.s. elevator author didn't work there, or that people thought they were real quotes. and not satire, well played john, you are the reason i joined twitter to begin with. only cool thing i heard on the elevator was a guy blabbing to me he knew harrison ford. i all thought g.s. elevator was a parody account, nobody talks in the elevator. we did reach out the the author, he didn't reply. he has a book deal. >> no he does not. >> oh, yes he does. >> six figure book deal? all right. maria, appreciate it, 50 years ago today, a young man named cassius clay, entered the ring and sh

he says never a goldman sachs employee. a former bond executive who lives in texas, he worked for citigroup for seven years, he is now writing a book about investment banking. he started a twitter account as a joke entertain himself and he is surprised it took so long to unmask him, but a big deal to write a book. a lot of people around here certainly followed him. we have the closing bell ringing in in 15 minutes. just talking about the cost of college tuition. yes, has skyrocketed to the point where a lot of you, parents and students have been concerned of how you are going to do it. a rising number face a crippling debt. we talk to the president and ceo, the one giving out all of the student loans. number one student lender. we will ask him the tough question, but nonetheless we will wait to hear his answer. the market may close at 4:00 p.m. eastern but i'm always on call for you. sign-up, get the top headlines, biggest ones of the day, the numbers being delivered right to be smart phone. while you are doing your kids ho

sachs and morgan stanley and ai g. and all the rest of was into two zero eight in my book the great deformation which i put out. recently i refuted all of the urban legends on which that was based but if you look at washington today it's a money machine where the interest groups come in and try to get their hands on the tax scene or subsidy or regulatory power of the government to get outcomes in the economy that they wouldn't. market like you know like the u.a.w. are bailing out g.m. so yes capitalism capitalism is being corrupted we don't have on his capitalism we have crony capitalism the fed and keynesian philosophy are the primary source of that tremendous damage that is being done david thank you so much for your time in your insight come back anytime that was david stockman author of the great defamation time now for today's big deal. and today's big deal rachel is back madame curtis and we're here to talk about wall street secret for turn and a true story a secret fraternity now many of the barons of wall stree

sachs and morgan stanley and a i.g. and all the rest of wasn't two to zero eight in my book the great deformation which i put out. recently i refuted all of the urban legends on which that was based but if you look at washington today it's a money machine where the interest groups come in and try to get their hands on the taxi subsidy or regulatory power of the government to get outcomes in the economy that they wouldn't. market like you know like the u.a.w. are bailing out g.m. so yes capitalism capitalism is being corrupted we don't have on his capitalism we have crony capitalism the fed and keynesian philosophy are the primary source of that tremendous damage that is being done david thank you so much for your time in your insight come back anytime that was david stockman author of the great defamation time now for today's big deal. and today's big deal rachel is back madame curtis and we're here to talk about wall street secrets for turning to a true story a secret fraternity now many of the barons of wall street th

sachs know i go. to. somebody i know i know i know you do this i mean it's ok. but i think i think you get to the racist thing which is they've done studies and equal death penalty trials the number one determinant of whether you're executed race of the victim race of the video race of the perpetrator race of the victim of the victim so apparently you know killing a black person not that big a deal but you kill a white person you have harmed society ok so you could beat will smith or oprah to death with a tennis shoe and that doesn't really matter but if you touch a hair on gary busey head then you have really harmed us that basically what it comes down to is the completely not only moral but it actually has had innocent people on death row in the past i mean there's a couple famous cases troy davis of course i mean pretty much. nine or eleven nine of the eleven witnesses recanted and one of the remaining two was the main suspect or the secondary suspect so he probably did it so all of the eleven witn

sachs so you can arrest and imprison the head of goldman sachs lloyd blankfein which is.

sachs so you can rest and imprison the head of goldman sachs lloyd blankfein which is where he belongs but somebody will take his place. what has to happen is that we have to break the back of corporate power which is now global. and break the logic whereby everything is about profit that nothing has. any value beyond its monetary value that's an extremely dangerous moment for any society to live in because when nothing has an intrinsic value whether that's water air or. human and human beings then the ruthlessness of those corporate forces mean that you will squeeze every ounce of attentional profit i mean everything becomes a commodity and you squeeze those commodities until there's nothing left and that's exactly what's happening so it's not individuals it's the rise of corporate power which is a species of totalitarianism defriended differs from past systems of totalitarianism but it is no less totalitarian than fascism or communism or totalitarian forces right i mean the system is a machine at this point those people died today would still grind on. in a recent article you wrote d

sachs so you can rest and imprison the head of goldman sachs lloyd blankfein which is where he belongs but somebody will take its place. to happen is that we have to break the back of corporate power which is now global. and break the logic whereby everything is about profit that nothing has. any value beyond its monetary value that's an extremely dangerous moment for any society to live in because when nothing has an intrinsic value whether that's water air or. human him.

sachs so you can arrest and imprison the head of goldman sachs lloyd blankfein which is where he belongs but somebody will take his place. what has to happen is that we have to break the back of corporate power which is now global. and break the logic whereby everything is about profit that nothing has. any value beyond its monetary value that's an extremely dangerous moment for any society to live in because when nothing has an intrinsic value whether that's water air or. human and human beings then the ruthlessness of those corporate forces mean that you will squeeze every ounce of potential profit i mean everything becomes a commodity and you squeeze those commodities until there's nothing left and that's exactly what's happening so it's not individuals it's the rise of corporate power which is a species of totalitarianism defriended differs from past systems of totalitarianism but it is no less totalitarian than fascism or communism or totalitarian forces right i mean the system is a machine at this point those people died today it would still grind on. in a recent article you wrote

sachs so you can rest and imprison the head of goldman sachs lloyd blankfein which is where he belongs but somebody will take his place. what has to happen is that we have to break the back of corporate power which is now global. and break the logic whereby everything is about profit that nothing has. any value beyond its monetary value that's an extremely dangerous moment for any society to live in because when nothing as an intrinsic value whether that's water air or. human and human beings then the ruthlessness of those corporate forces mean that you will squeeze every ounce of attentional profit i mean everything becomes a commodity and you squeeze those commodities until there's nothing left and that's exactly what's happening so it's not individuals it's the rise of corporate power which is a species of totalitarianism defriended differs from past systems of totalitarianism but it is no less totalitarian than fascism or communism or totalitarian forces right i mean the system is a machine at this point those people died today it would still grind on. in a recent article you wrote

sachs so you can arrest and imprison the head of goldman sachs lloyd blankfein which is where he belongs but somebody will take his place. what has to happen is that we have to break the back of corporate power which is now global. and break the logic whereby everything is about profit that nothing has. any value beyond its monetary value that's an extremely dangerous moment for any society to live in because when nothing has an intrinsic value whether that's water air or. human and human beings then the ruthlessness of those corporate forces mean that you will squeeze every ounce of attentional profit i mean everything becomes a commodity and you squeeze those commodities until there's nothing left and that's exactly what's happening so it's not individuals it's the rise of corporate power which is a species of totalitarianism defriended differs from past systems of totalitarianism but it is no less totalitarian than fascism or communism or totalitarian forces right i mean the system is a machine at this point of those people died today would still grind on. in a recent article you wrot

sachs know i go. to. somebody i know i know i know you do decide it is a success ok. but i think i think you get to the racist thing which is they've done studies and an equal death penalty trials the number one determinant of whether you're executed race of the victim race of the video race of the perpetrator race of the victim of the victim so apparently you know killing a black person not that big a deal but you kill a white person you have harmed society ok so you could beat will smith or oprah to death with a tennis shoe and that doesn't really matter but if you touch a hair on gary busey's head then you have really harmed us that basically what it comes down to is the death of this completely not only a moral but it actually has had innocent people on death row in the past i mean there's a couple famous cases troy davis of course i mean pretty much. nine there were nine of the eleven witnesses recanted and one of the remaining two was the main suspect or the secondary suspect so he probably did