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tv   Driven by Greed  Deutsche Welle  May 5, 2024 4:15am-5:01am CEST

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it's summer, 2007. the 1st day of an iphone goes on sale. a trained strongly because power long streaming strip gosh, a national football champions. the world's most powerful politicians. i'm missing on the politics as it versioning financial crisis in the you, it the and the rolling stones room 2. in july, they stage an exclusive consis in boss a loan of the 200 torch of bank investment bankers and their clients you know, it was one of the front of the stage about talking to grab mac jack his foot. and then he said, and the great thing is the money we're going for this is coming out of your bonuses . seems chairs at the same time, there's growing session tea on new york stock exchange. there's a major fund,
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natural collapse is imminent, unsafe from feeling kind of quite void out by saying the rolling stones, you know, kind of a, went to bed that night. kind of feeling that we're just about to potentially blow up. it's amazing is and taking place on the print as an a big the exclusive stones performance reported the costs more than $4000000.00. the up on the 32nd floor deutscher bank use of a come on we'll see you at the time is a to make it the world's biggest back had left him reliance on the world of investment bank. and so he turned a blonde on to start jessica pates was the, on the funding some content. did you know about this concept of, of, if there's was, because you're, i don't think so. i didn't tell you, well, perhaps i knew there was a concert, but i wasn't involved. and then might as well as like, play the game under
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a massive sign sign. this is the thought to the. so this was a kind of emblematic of the so the slight madness of the banking industry. such opulence is now ancient history and use of a c'mon has also long since vacated his chit adult to bank. but his time is ceos to shapes the institution today. in the years that followed the stones fiasco, the once reputable name of the financial institution was drug through the month. its reputation still hasn't recovered to this day. the. this is francis johnson and buildings missing district, the birthplace of deutsche bank. it was founded in 1870, in an unassuming duty, the to go the,
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the founders did by presidente do group. what did this say? so office a client's security for the deposit. for the next 1st 10 years instead focused on conquering move markets and providing loans for the pre export financing market. the way to shortens arden desmond, i would definitely say they were strongly motivated by the cold, a founding, a strong german, but also to make general you cannot make the strong internationally and it wasn't just business to my patriotism. but also i played ross the number as well, but it is most the most beautiful the export market collapsed. how is the with the status of world war? one in 1914, the still fledgling deutscher bank was facing ruin. the. i'll send you some few guy in was not the far and brown just have to be closed one after one of the others, i developed several strategies to compensate to the black one. i was to grow it's
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client based insight gym and having a non canada and it was for deutsche bank to get very heavily involved in financing the war economy during world war one. finance you'll next week such as i understand the 1929. so the next excess central crosses black tuesday, the devastating stop loss is a little strange tribute, a global economic crisis, the titled mass unemployment and social stripe. for those of the world, the, the impacts of the great depression also reached to a 2 bags leading headquarters. the,
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the doctors jumped into a 2 bags. history came in auschwitz 1943. at this time, the banking industry was north. any finance in the war economy, but also the holocaust, the systematic murder of jukes and other minorities, the banks branch in costs. if it's a guaranteed loans to totes and sons, the companies that may be in sooner races for the ask gets crematorium. starting in 1937, hub and use of ups was both of torture bank. upset not that from one fish there because off tops himself set off to 1945 and that he didn't want to be counted among those who sent. they had no nothing just on the the end directly admitted that he'd been quite aware of the crimes being committed by the nazis for this most, colombo, the 1954. the country was getting back when it sees west germany. when the foot for world cup,
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the gym and economic miracle had become that so to had the cold the civic union launched sputnik. the 1st specialize into space deutscher bank was finally reformed in 1957. this time in front, such not talent, it'd be broken off by the allies of to the who. the, and in spite of his role should rush and use of arms returned, is chairman the menus of up style. caroline yost as apps was a convicted for criminal, but they needed deutscher bank after the war and there was store of ration, nothing to eat, no heating house of the country laying ruined fox. they needed leaders who knew how to do business, who had contact and could get things done to come and ops must have been appointed
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back to his post at the discretion of the allies and will do him day. i mean, you may have reasons on the how send be done. so i'm schools in florida, the attachment 5 and suite soon someone can so land. what him and use of arms was hoping to win back towards your bands. reputation in the late 19 fifties. his future success, so was growing up in the swiss mountains. yoseph a come on was the 1st of 3 sons, a rule physician, come on and wife month that the he loved sports and music and whatever outcome and did he wanted to win set gracing included bus him in the vehicle lake by you guys. he was going on bush or
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somebody, and i think his father was of us and that the mom today for the troops off to his military service come on studies business in the switch city of some kind of debris considering following his father's footsteps and medicine. the assumption graduation, he turned down and also for a future in academia, the. instead he pursued a career in 1977 in banking with credit suisse into the bank. then most banking took place manually at the counter. bank is kept accounts exchanged currencies, granted loans and trade to didn't shares. it wasn't anything spectacular the bank cuz didn't make money doing it.
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loans with the biggest business. the banks at that on the banks lend money to small and big customers caching in on the interest. oh, they traded ships and currencies for commission. the see if i yeah, i'll come on a send a degree and that at credit suisse, it was in the bring to taking of leadership of the entire bank. when off of the blue, everything came crashing down. 976 and 1996. so you certainly will click on the left of the final lesson. his departure came off for a power struggle homes, which he had basically lost him to follow and hooked the same. yeah. a come on had a new opportunity, and frank says its twin towers deutscher bank was looking to fundamentally revamp it's business model. and finally become a global player. chief executive and
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deutscher bank to mccullough prose. i come into the folds at the time, couple was facing a considerable problem. disgrace jim, and we were to stay tycoon, you can schneider had been extradited from the us. it was a full the clients and things was threatening to become very embarrassing for deutsche bank side of uh, getting your post up. uh huh. and i, there was a brilliant fraudster, most of old real estate and restored buildings without any consideration for cost of the last project is unforgettable. it was on the site of a department store in frankfort style district. and the falsely inflated its value all in the view of the deutscher bank terrors of thoughts and then when they could no longer deny what was happening on. the deutscher bank turned the top off, who could wait, but it was too late. and you had all these contractors waiting to be paid
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limitation. the one that's going to be in to quench, not doing initially flipped to the us cult, had play down the damage to do it. you bank is one of the all new computer system to a lot of money. but we estimate that for all 3 projects that we're talking about. they've got the 3 that involve deutsche bank activity, though it's very clearly on the 50000000 mom. it's just me talking about peanuts and then you have different p not p. nose coughing made it sound like $50000000.00 each box, $25.00 and a half 1000000 euros today with sped change and a numerous display of arrogance from the bank, especially given the financial consequences to the construction companies involved . so in this months we spent good turned up in the form of the use of a come on. it suited him a corporate to publish shop, his cruised image industrial. i see here on the 1st of all, you're very familiar with. certainly a new world for may see is name, but i soon felt at home and sense, but not all that glitters. that deutscher bank is gold. so i saw that i could bring
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something to the table. and by the way of doing things that was better, back in switzerland, does it initialize basic and most of the time on the spot, the peanuts incident shifts into it. your bank was stable and trading is around $28.00 us. but for the vicious outcome on, it wasn't enough. he wanted more the industry to push me since it was it's this isn't that was easy basically uses test . this tv shows. so it's your bank still highly valued. it's relationships with private customers. it wants to show that it was series, reliable, and trustworthy uses to
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triple. at the end of the 1980s, a new era began in london's financial center investments banking was deposited at the time mocking of radical change in the industry, which was a decor, wasn't the data, the decisions joined the big plaza. the global level was of course something quite different to the original concept of deutscher bank, except when it was found at a 150 years, only as younger go under water. we'll just try to to decide to host bunk beds. that was the end of the traditional house bank principles for a company had a close relationship with a bang, jobs and ghosts loons. there does news. this is holes. investment banking is about trading, enroll materials, currencies and phones. also using the bank's own money, owe the clients the high sums that trade is juggle. mean that even the smallest
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currency fluctuation can lead to massive gains or losses. risk is the name of the game. in 1996 new board member yoseph, arkansas took over the investment banking sector deutscher bank. jock, i'm really believed in the investment. he believed in that was found way of toich, a bank becoming a universal buy covering every client all over the world. so people a lot of pressure on, on the buying investment bank to make money. and then if you made money, there was pressure to make more money. and then the next year, more money the employees on the trade for the investment banks came up with increasingly complex financial products. anything that counted was the profit which dictated the size of a bonus. that's in order to process, you have to take risks. taking risk is the life blood of these people and,
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and the notion of turning down possible money, making opportunities because they're too risky. that's just not in their dna include the culture on wall street was definitely shaped by this very male dominated business. it was all about my bonus, so it's bigger than yours. i die, they lived in their own world. they've pursue the kind of lifestyle that they perhaps could not otherwise have afford it. especially in the u. s. investment bank because the new world is that right? it's a money machine that outside is have no chance of completely understanding, including the box does to rubies. i'll tell shave that it's. it's impossible for them. yeah. even if the boss and the funny proof of 2000 products are being development to you, even if you have to sign off on every one of them, you'd have to look at them in detail. i don't think that's possible. if not this, let's just least think button unlock is both mr. i come on this when it's
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mitchell was a man that i'm the student investment banking inside and out to achieve, but could poached it from the competition. that was the best employees. it's image of a the so can off the rain. that's and michel the 1st the bank so called rain mike gotten out of rain maker was the time for an employee that brings in unbelievable sums of money home. so i kind of knew right away. so his standing was riding on the standing events and michel to them from the role events and michel for the whole if on at some each of the opinion as an mitchell became i think in many ways the worst nightmare of jo ackerman, these here is the american who is so bold and brash, they thought that the future was in sales and trade and investment banking in this very kind of cowboy uh, type of business that the americans and perfected in that the europeans really needed to rush to catch up. just saying between london and new york on the concord,
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it's and michel was fire up. he should saved buddies with exorbitant bonuses and wild policies. great appeared to be his recipe for success. the london and the groove and the house voted on december 21st 2 sons as and which events investment sign cause celebrated christmas present this class and it still takes the stage, the mission impossible theme song is blair and, and he declares to this crowd the nets there's going to be even better than the last and essentially the messages we are conver and the world among the guests were number as a school and one of the things that they would do with hire young women to serve as a wait staff and kind of flirt a bit with the customer and so they developed the systems where a pin to their little black dresses would be these blue ribbon,
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which would mean that i'm a staff i'm 30 let's do the mission to, to does one of the cool. and that's a part of it to entertaining the clients and treating them well. the thing is the some things probably go too far down to biking, but enforcing restraints would have violated the investment culture wouldn't have been them those very so on. i can get a gives and in some of us to invite some phone calls to us as a customer. and what kind of culture is that diesel? what kinds of people are they to be kept in line by offering them these types of events? funks, i don't, peter shows what kind of data is the bank of the salt to the bunk. the cost this day after the big bash it's and michel was do home and rank of the main for the christmas holidays. but the private jets as you ported in boston, never made it. it's slammed into
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a mountain on it's to sent the pilot and his passenger, it's mitchell, were killed immediately, a spin out on the stupid out on the tower. finally, i went to nearly all the memorials and made speeches and author into and it was a significant loss for the bank to the end. of course, people were wondering who a successor would be. so then we have a current enough focus on when it mental dies, there is a, this power vacuum and just all hell breaks loose as a result of that cultural shift that he had introduced outcome on named on she jane to succeed. mitchell, the people it worked in essence world didn't really trust, aren't you? and that that would be that would be a problem attic to put them in that position. i said so directly to jo ackerman, was it the big mistake of jo ackerman? i would say us high, high tolerance for risk that i think in the end did not serve deutscher bank well
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starting in 2001. and she jane was in the drive as 6. he had a reputation for not being particularly careful. some of the cloud han fit ultimately the previously respected deutsche bank would lose their reputation under his watch, the in 2002, the youth became the use of special cash currency. michelle schumacher won his 5th championship title. the hutch road is secure at another time. as jim and chancellor in coalition with the greens, the gym, and media mogul new coach, declared bankruptcy. a few years early on shield my copa mistook peanuts had been replaced by ralph
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b. boy. when boy a cost dallas on the credit standing of his client leo cush. during a tv interview, it turned into fisco. house bank for the good house bank is meant to protect its customers, fits with an immuno c right in the middle of a deal that he won't be getting any more money kind of could you can't do that. i crucified the businessman leo care copeland. after that it was over the last loose coach suited for you and deutsche bank and the legal battles at last. the g is off to his death in 2011. his is were awarded around to be euro's to train their client. leo cash include very costly for dojo bank to $911.00. he deutscher bank hot then manhattan offices was badly damaged when the twin towers collapsed and had to be demolished. the but every catastrophe offers the chance of
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a new beginning and deutsche upon moved to wall street by the annual meeting of may, 2002 use of command had finally reached the summit that became the 1st known gym and to hit the institution the trying to, to nationally deutsche bank balance books puts in place for october, not high enough. the document wanted to be the best on rules trace deutscher bank shares would be listed on the new york stock exchange, a few months later the
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outcome and wouldn't let anything still pay to set aside price way they quit the charge of bunker. we'll put these in another in the 90s or early 2, thousands became deutscher bank was effectively earning very little if anything unique menu outgoing attributes on. and i said, if we want to play a global role, then we have to be as profitable as arrivals from the show prophy valve of side view. and so our capital yields at the time are relatively small of the tool called from also quite small capital reserves. our credit before tax at 25 percent. are you and forced ion for 20 percent looking back. it seems almost in sight. um, you know, 25 is a lot of work, doesn't equity all the time. it didn't seem ray just because a lot of buying. so making similar kind of returns when use
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of come into control in 2002, the share price was 59 euros it more than doubled its value since 1996. but could this continue by early 2004. i come on over to you to be standing on the press if it's the face trial, after the takeover through the gym and telecoms. john minus mine by british mobile phone company voted phone documented being on the supervisory board visit approved a bonus with millions to it's been chairman klaus s a. was this an abuse of trust the, the image of a come on showing a victory sign before the trial remains in place in many memories. the 1st, of course it's going to force them to push out. you'd expect the german or executives of germany's biggest bank to keep things under control. that's why they get big money. so those are paid well,
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so things that is don't happen. so when something like this happens, you wonder cause at all intentional, play a cup of tea, not apply a cash or an ottoman victory uses. this series of food paused by deutscher bank chairman or executives was peculiar for this. and i thought somebody to try the games come on with several find me, was a 3.2 meeting you both have under the quotes terms, i come on didn't admit skills and was allowed to stay as head of deutsche bank. but now he was under pressure, he knew he had to deliver to london. and really to find some money. machines were finding it full pills. and she jane was using the promise of bonuses to drive his work is to make money to much move money. this one is this team of to so she bonus system show as various psychological in economic
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structural consequences and conditions that are result is extraordinarily detrimental. tyler, but i'm at the causes agreed to set in the, to the hung up for more and more money. i me a get kind of becomes insatiable. the cross you said this route, the other things shot. if you messed up a transaction and lost money, there was no great this incentive except that you might lose your job title also. but the next bank would be there waiting to snap you of the time to do next along putting on the system. it's a massive thing psychologically theme of being able to recognize when greed, or striving for profit has become too much reached even to chris. that's what echo month says today, but it seems that back that he had little interest in preventing legal and ethical boundaries from being pushed further and further internal emails like to prove this, a number of traders were manipulating interest rates and engaging in a legal business deals here's hyped. i'm all right. and last year and employee
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rates in london time. so i think it's simple here, but this is fraud. and then renaissance. you've got the deutscher bank manager, claiming this is for all the clue. and then deutscher bank gets involved. the new thought, you're not going to do this because no one asked, should we get involved in an illegal business deal? and in regarding it, have to other seeing is on. this is a legal business that i don't think is the risk of always getting called once the once the thought to face effect deutscher bank like to ended up paying funds of $2500000000.00 for manipulating interest rates and violation us sanctions between 20032005 it's the mid to thousands and which the bank throws a christmas policy in the milan night club time. once again for the investment bank is to go wild
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us out, which i wasn't bothered by that and the clients appreciated it. as i should add on to j knows he has to keep his team on his side. for example, by paying good go debt. this is from the fence costs at this time, the not wearing the little blue ribbons on their outfits, the by 2006, deutsche bank was a fixture on wall street. prophets was the jeep, but a storm was brewing. and it all had to do with the sub prime mortgage market. ready his analysts cheap off use of a come on warning, a gigantic crash was likely the what could i come up? do deutsche bank was heavily tied up in the dubious deals and the u. s. mortgage
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markets houses every way it went up for sale. many banks had taken high risks with a mortgage lending. now they had to offload those bad assets as quickly as possible . i just wanted to feel it nice about having one of many people just didn't want to believe it out in the up there. i was even criticized inside of the bank. it is more felt resistance on dish because i said what's happening is not going to of it. the and 3 lives in the school. we have to get rid of the risk and then sell it off when fi list for college that got this d. you had as you james team and your stock right in there, do some digging is playing ball and the diesel f as thing would work as fine, then drops light duties, then there were people who said it couldn't work unless you call you they said what you're doing is all coming by trying to turn led into a goals like you go. it's not it's boss. hello,
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not july 2007. the crash is coming and every one knows this. but on to james investment bankers and living this off as an exclusive, rolling stones consis giving the impression it's business as usual. because it's easy. ok, who used to be able to estimate the risks when enough to be able to carry on bouncing while the music applies on the notice when the musicians are getting tired as it was and then get off the bones for life just in time for that that was for a 2nd. the do so little space i k b, georgia industry bank cleared the dance floor a bit too late. they were one of deutsche of banks, mutual clients at the end of july, 2 10072 weeks of to the students consisting barcelona, the financial services company was facing bankruptcy. the i k. b executive had mistaken. come on sled for gold, detailed trip and cut throat your bank helped create these products in the u. s. which contains bad loans. so we need to package them. so you didn't know exactly
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what was in there and then sold them. have this done for coffee. yeah, or yeah, but yeah, but we didn't force that on any one thing. we sold them these products because they were asking for them to fax them the money from dust as golf. the money from digital dorothy, i k b was one of the last players in the market, and i had no idea what kind of storm was brewing desktops, the foster southern power to torture bands for. i'm a chief economist under yoseph, come on antiques, rice had man, has a harsh verdict on the i k b deal. with most organ, legally speaking, i'd say it was icb problem or morally and ethically the should have held back sooner and flailed. so we call it and sudden they didn't, but how because these products and a nice profit margin by these put an issue in a given finance. we bought a number of rescue packages,
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had to be secured to prevent a k b from going bankrupt in the and private banks paid 1500000000 euros and savings banks around 370000000. the lion's share, the was covered by the gym and national investment bank, the k s. w. it covered more than 7000000000. you rips the case w itself needed huge amounts of tax money so it could survive work done. so some of the future of the status of oh, i don't like saying it as a market economist, the state support. this was the only way that i'm to give you include mateo smiled and then head of the calf they'll be criticized as the fact that the deutsche bank and i'll come on had to be bailed out by the tex. pam, that's i come on. congressman had to mitigate the risks, he'd largely instigated himself company by selling the i k b these products, these bad assets and bypassing off the costs, coming onto the k f w, the national investment bank that shows what made document text and basically how
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lacking in scruples he was the corporate law, had use of eckleman gambled and lost everything the following, the i k b crisis use of outcome and return to switzerland and a village into chino, like every summer. meanwhile, the creaking sound of the international financial system was becoming hard to ignore. the come on you, he had to face the public doing, should banks reputation was in cash's. the argument went on a popular television tool show to also his rules,
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and he insisted on appearance alone, the events how much they stayed with when things are going badly. it's fair to say you've made a mistake to pump and deutscher bank made mistakes and this crisis to see which ones you have to admit it to try to correct them and learn from knowing that i was here. he is late head deutscher bank would find itself being held to account in the us to these very stakes to avoid criminal proceedings. deutscher bank and 2017 reached a $7200000000.00 settlement. in addition, it already had to pay at $1900000000.00 in compensation in 2013 to to us state mortgage lender. in total deutscher bank had paid out $9100000000.00. it was the biggest penalty paid out during the come an era. but it wouldn't be the last, just
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a few months later, the wall street crash on september, the 15th 2008 investment bank lehman brothers, declared bankruptcy in the wake of the us subprime crisis. a domino effect threatened to treated the same face in other banks. the global financial system was on the brink. stock exchanges around the world trade is frantically tried to say what they quote, the dodge of, i'm closer deutscher bank. it actually wasn't that bad. and we were relatively well prepared for a collapse like that of so on, collapse the at the gym and chance to read one crisis meeting followed the next. the government's priority was preventing jim and save us from panic or chaos. wouldn't you dissolving the weird thing to say version that their deposits are secure, whereas and, and the german government guarantees that the gym and government fee is another
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black choose a like the $1.00 in 1929. when so many people lost the savings, and then the jobs, the, let's keep them pop up earlier and as it some, i'm not to, this is a cause and there are a few power of the house. of course you have these huge risks that the banks will take care of that, so they didn't expect they would have to guarantee us of a full 1931. or if it was mainly the credit they would give you a quote and then the 2 thousands. it was mostly the international financial markets and then up to 9 feet on smart. because have you know, type of 2018. the international monetary fund met in washington is frantic efforts continued everywhere to stop the global financial system from collapsing. use of the outcome was now being regarded as an international firefly. so even though he's fact was among the us and it's the same time, another fiasco was on folding for deutsche bank. a property develop defaulted on
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a construction loan with millions of dollars in where else can plus power dice. las vegas today, the cosmopolitan hotel is a complex of superlatives, which has more than $3000.00 rooms, more than $5000.00 employees. hundreds of slot machines. but in the midst of the 2008 financial crisis deutscher bank inherited the hospitals, projects when it's develop a decayed bankruptcy. just wondering if i hope it will be my next, it was a building science doing the audit loan for 10 years. it would have been known as the deutscher bank building sites kind of phenomena. the banks are responsible for what these projects look like. pages, primarily, it was about reputation with the to the size model because of nearby. and so they said we weren't write this off. we'll finish building it and send it tells him. and if we have to branch off that, then we'll do additional for tony when the financial crisis has passed its peak, use it and we have money against could exist, then people will hardly notice that the united states as it goes out,
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that expensive mistakes. the deutscher bank is attend ask the during that period a come on was originally guessed as a gym and cabinet. the government was planning a state rescue package for german banks. i come on counted dementia with the statement saying he would be ashamed if deutscher bank was among those needing a government bailout many. so this has come on giving his victory sign again, verbally. this time the chancellor didn't like it commenting via his folks person. she called, i come and statement him comprehensible and unacceptable decided that you shouldn't have said that a good mind, but i think he meant that his caps it up. the shit does the least. he didn't run his ship. a ground dean isn't spin, is nice. of course,
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if he had mine and he'd be there for me to go straight to the state, does he have the shame to meet some star? do you think this is kate? could you on each door on a bunch of not just about state money to stop, but it's about the states influence the key to invest and hey, what have been monitored and limited to a maximum of around 500000 gallons to lead me to get in from the 1000 marks and for deutscher banks, investment banking, that would have been bad in inc. and we'd have lost a lot of employees gives you unlimited device. so for the share is in the bank, had plunged from an old time high of 88 euros in april 2007 to just 16 year spike january 2009. i think it's pretty clear that off to 2000 and some 2008 and particularly with the regulation changes that came in off towards the deutscher bank,
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should have probably into the business model quickly. i need the spot on to jane and his london crowd didn't want to change the model of the country, driven by arrogance. in greed, they would diving deeper and deeper into a shady of practices as early as june, 2000 and may come on. and frank, so it had an angry phone call with on she jane. i come and complained about the cultural deficits of the investment bankers and said he would not tolerate it any longer. those with the findings of a later banking supervisor reprise. but it also found no action was taken jumpstart. microsoft does the research find or 6? i always said that i, i think since 2006 it's no business is worth damaging the reputation of the bank through. and that was absolutely clear from the top down at the bank though not. however,
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not everyone follow that rule board is external and so before the annual, when full from london was the decisive parts of deutsch events, prophets use of command was reliant on his golden goose and she, jane, and by 2009 jane had even been promoted to the board of deutsche bank. it's new year's eve 2010, an in las vegas, which of bank states to make a party to mark the opening of the cost of commerce and the bank of pulled out all the stops selling out 12000000 dollars for an event feature. and jay z and beyonce by the time the buyer was found at the end of 2014, the hotel was running a $1000000000.00 loss. how high was the loss is please try again. i can't say exactly what it was, certainly over a 1000000000 grant. emily out ultimately the financial loss has reached almost
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$2000000000.00. by the end of 2010 to $2.00 banks name was ton. the world of global finance now mocked joe acrimony as the man who took too many risks. and not just with hotels in las vegas, the he has hopes he could make it to your assistant warehouse. now probably use back in his home country of gambia, in west africa, trying to set up a business with us of an international aid organization. but this capital one is this plan also destined to fail home again in ceci minutes on the w?
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sure. yeah. well, most successful car insurance not taking himself too seriously. makes me a straight male rose in 19 minutes on d w. the cars, he's got issues with a lot say well crazy. the,
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the, the, this is vito mean use a live from the land negotiators in egypt, resume talks aimed at reaching a sci fi and gaza masses considering choose terms, proposing a halt to israel's offensive and gaza in exchange for the release of hostages and palestinian prisoners. also coming up jam and chancellor all off schultz condemns an attack on a candidate for upcoming d. u. elections. social democrat was beaten up while campaigning and london mass studded can wins a historic set time and office as the opposition labor party done the governing
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conservatives.