they come taking refuge condition. here are some ideas. there are some of the media stories. a critical look at the global news media. outside of us on al jazeera government shut off access to social media me on the bulk of london, the top stories on al jazeera, at least 2 people have been killed in the african city of a thought about during a rally tomorrow. the countries independence, they have been scattered demonstrations across the country with the afghan flag flown in an act of defiance to taliban rule and some cities, the group dispersed crowds with gunfire. people continue to flock to the international airport and carbo, hoping to flee the country with fear of the taliban will re impose brutal rule. thousands of rushed to the airport over recent days. the u. s. as they have secure

the complex and continue to evacuate american citizens and african nationals registered for special visas. the united nations is calling for an inclusive government in afghanistan. for i'm, i mean, i'm ready to speak myself. when it is clear, with whom should i speak for what purpose? i was in close contact yesterday the day before yesterday with the deputy prime minister near the phone, offensive cutoff. we are following the katara initiative and supporting it. let's hope that there will be away foreign and an inclusive government in afghanistan for an aide is finally reaching rural parts of haiti, devastated by a powerful earthquake that killed 2000 people. on saturday. hundreds of people at camp paris have been waiting for provisions. the delivery was delayed after a mudslide blocked the main road leading into the area. many haitians made homeless

by the disaster with sleeping outdoors when tropical storm grace hit just days after the quake with after shocks. continuing nearly a week on malaysia's former deputy prime minister mouse pre yeah called has received majority support in parliament to form a new government is signals are returned to power for the country. a long time ruling party prime minister maria dean. yes. and resigned on monday, after losing support over his handling of the coven 19 pandemic. he's eland, as reported 11 more cases of covert 19 bringing its total to $21000000.00 nationwide lockdown. before this week, this country hadn't seen any infections for almost 6 months. the outbreak of the delta variances linked to a surge of cases in australia. well, those are the top stories. stay with us. the man who sold the world continues. now he went to 0, go away. the town,

the untold story. ah, we speak when others don't. ah, we cover all sides, no matter where it takes a police fin, your guys my empower impulsion. we tell your story. we are your voice, your news, your net back out here. ah, greed was definitely the driver on the homeowners. as it is on most for a lot city group is not the only one a comparable level of fraudulent mortgage loans have been seen. in all the big, wealthy bank. ignoring the risk of bankruptcy, bank began to borrow

a mass amount of money to buy more and more and mortgage loan and package them into derivatives. the top underwriter is the peak years of 20052006 women brothers. at $106000000000.00 lehman was one of the largest makers and sellers of the absolute most toxic loans in the entire world. lehman brothers was one of the largest fraud vectors in the history of the world. are i sure my name is anti to lucas with a name tony i in the year 2009,

about 3 months after the lehman bankruptcy. i was appointed by the federal court in new york to act as an exam, and i was independent of any of the parties in among the responsibility as the court charged me. and my team with was determined how and why leman went into bankruptcy. and when you're talking about the lehman bankruptcy, you are talking about the largest single bankruptcy in the history of financial institutions. total amount of the bankruptcy, $693000000000.00. so we told a story of what happened lehman brothers with a 4th largest global investment bank in the world, led by famous ceo dick full. hi,

my name is nick fuller. i'm the chairman and chief executive officer of lehman brothers. now is a terrific time to be joining lehman brothers. i've been here 30 years. i can't think of a better time for you to take part changes and opportunities that are going on for you. the food will be the 1st things. first, your money a person who was viewed as a lion on wall street. i believe that in the year 2008, the very year the bankruptcy was name by forbes of is one of the top 10 executives in the country. they called him the gorilla and i think they called him that for a reason. he was brusque, boorish, take no prisoners kind of guy, you know, run through all for lehman brothers, hyper competitive, hyper narcissistic. squeeze some of those shorts.

squeezen hard. not that i want to hurt him. don't get that please, because that's just not who i am. i am soft, i'm lovable. but what i really want to do is i want to reach in ripped out their heart and eat it before they die. of the man who lost them and brothers, the man who presided over its decline and fall, the man who could have done something about it, but chose not to the man who refused to see the writing on the wall. the man who kicked off in many ways, what became the great recession. ah, my name is all over buddha, and i was an in house lawyer, brothers for 8 years. i discovered many

things that were at least unethical, if not illegal. and eventually i decided to quit. i was earning a lot of money, but it was not enough for me to turn a blind eye to all that was happening. the tone coming from the fitful guys around him were go for pushing, go beyond the limit. the key at lehman was to evaluate the risk and the reward and never mind the law that might be in between there. if, if the reward is high enough and the risk is low enough, we will do it and we will sorted out later. this was a culture of risk and this was all about money. lehman brothers risk analysis program was considered a model on wall street. i mean,

it was brilliantly conceived. the problem was it was simply ignored. you have to understand, you talks about the whole false made his fortune at lehman brothers. he was a billionaire. so you say, why thank you, you had a wrong. he asked you, are you a 1000000000 or have you made a $1000000000.00 trading? i have. and here the in the years leading up to the crisis, everything, the financial health of lehman brothers could not have been better, at least on paper, ah, expanded the use of their toxic derivatives and the ratio of lending band and in 2000 a demon was massively leverage lehman

brothers had one of the highest leverage ratios in american financial institutions. a leverage ratio is a ratio of your debt to your equity. another word for equity is capital it's ratio depending on the exact time was $30.00 to $40.00 to $1.00. in other words, for every dollar of suppose a capital it had, it had $30.00 to $40.00 in debt. the lehman became the focus of worldwide attention because they were perceived as the next weakest link. they were the next domino to fall. so lehman engaged in a scheme accounting scheme to make it look better. and what they did was involved was called rico one fact this was something that leman used every quarter to hide some of the borrowed money. you see

leman would borrow money and they would pledge securities that they had as collateral. at the end, it was $50000000000.00 each quarter. they would borrow $50000000000.00, and they would give $50000000000.00 in collateral. but they would actually say that this was a sale. this was not a pledge or a loan, but this was a sale of those assets for $50000000000.00. and they would treat the $50000000000.00 not as debt, but as cash that they just got. and by doing that and using that cash to pay down still other debt, they could, they could materially significantly move that leverage ratio down. then as soon as the quarter was over and they had published their number, they would undo that transaction and the presto, they would give back the money, take back the securities and again,

be leverage just as high as they were before they did this only to fool the public and no other reason the effect of that was in june, they were able to show that their leverage had been dropped dramatically in the streets. said, wow, layman's doing okay. are for a strong today. we will merge from this cycle, even stronger. we've done it before and we will do it again. so if it's the number, yes, my opinion, they absolutely find the numbers they, they engaged in the trans, even within their own e mails. they referred to it as a drug. they were on a sham and accounting gimmick to make themselves look better. so they knew what they were doing. so they were id information to the bullets. yes, that's my. that was the opinion we can reach and the report isn't it against the

low? well, if you file a misleading statement, and you knowingly file a misleading statement and the judge concludes that you have done so or jury done that is against the law. yes, there was a basis by which such a claim could be may yes, we did clinic against the food, the c s. s, but nobody was arrested or charged for the now there were no rest. there were no charge. there was no jury trial, there was no civil case brought in, which the jury heard the case and then decided the case. not all those things took place. now let me start by saying that i have absolutely no recollection whatsoever of hearing anything about were seen documents related to report one 05 transactions. while i was the ceo of lehman, you think it's possible that deferred didn't know now of course of course none.

there were senior executives that lehman who were interviewed by mr. lucas and others who said that yes, he did know that emails were sent to him. that showed the repo one or 5 portion of the financials to show the effect of this. and then dick full answer was, well, they might have sent me emails, but i don't know how to work a computer. i don't know how to open an attachment that would have a spreadsheet to show this. so i never saw it. i was never aware, this was his story. one more time, ball 3 minutes, representatives, financial condition. at the same time, millions were spending bonuses for trade in the us with a jackport place to make money and the most money with walk for

the the bonuses reach levels that had never been even approximated in the world. millions of dollars a year. it's like the greatest job that you could ever imagine getting without putting any of your own capital. with the news the had accept the lifestyle they were willing to take risks to support that lifestyle. there's a great bit of narcissism and anti social personality disorders. and with this, they might feel like they have a sense of entitlement or they're above the law, or they're too good to get caught on wall street, these ceos, they can they pull and some of them would pull in

a $100000000.00 a year. and dick full had several years, was $78090.00 a $100000000.00 in one year. he had a multi $1000000.00 home in greenwich, and that's where he lives most of the time. but he also kept a very fancy, multimillion dollar apartment on park avenue. he had another home down in florida, also were a $1015000000.00. another place in idaho, a sun valley, some sort of a cabin in the woods there. but again, multi $1000000.00 property since 2000, you've taken home more than $480000000.00. that's almost half a $1000000000.00. your companies now bankrupt. our economy is in the state of crisis. but you get to keep $480000000.00. i have a very basic question for you. is this fair? i would say to you, the 500 number is not accurate. and i believe the amount that i took out of the company over and above that was i believe,

a little bit less than $250000000.00. still a large number of large fries. in fact, both numbers were wrong and both numbers were low. the true number was 530000000 for 2000 to 2007. and dixon said yeah, i only made 310. that's over $200000000.00 that he took off his total under. oh, i swear to tell the truth, the whole truth, he did it on television. 1 to the world and this stood up. 7 why the, i don't even think i could, if you gave me the opportunity to make $550000000.00 and all i had to do was hurt $6000000000.00 people. i would think about it. the temptation is they're the real messages. we don't care how you did it. we don't care whether it's real. we don't care whether it's honest,

just do it. because you'll be rich and i'll be rich in the financial context, modern executive compensation didn't just create the most criminal static environment. it created the biggest crimes in financial history and as nothing close on this is absolutely stunning. wall street has been very, very few days. like the inevitable happened that has occurred, came falling down, lehman brothers, 158 year old firm filed for bankruptcy, brought down by bad mortgage investments. lehman which has $25000.00 employees will be liquidated. someone said, you know, corporations die of cancer, investment banks dive heart attacks. there was

a time when these assets were completely toxic and when they completely talk say anybody owns it as a terrible problem and that's the situation. lehman found itself in people basically ran on it to lend to it and the government stand behind it. so it collapse the 15th of september, 2018. lehman brothers goes bankrupt. the new york stock exchange headed biggest drop in a single day. and 911 bank began to stop lending money to each other. the collapse of lehman brothers triggered turmoil a markets around the globe. stock tumbled in taiwan in india, then remedied in europe. the 2008 financial crisis displayed what the world now identifies as financial contagion. there was

a world wide recession. you know, the value of real estate plummeted, people lost their homes, you did go through southwest fedor, chicago see foreclosure, foreclosure, foreclosure home after home after home that were going belly up as a result of their numerous businesses went out of business. this is a robot. if this is not random, it's not hoops. everybody gets hurt. i mean, the impact across the world was measured in the trillions of dollars. the value was lost during the period time is always incalculable. we've never seen anything like that since 1920 the

ah, me. his price has changed world many long last ways. without the price, this breaks, it would not have happened. donald trump would not be president of the united states. this is a major turning point. you never know what it will be, but the thirty's transformed the wall because he of course he brought us the 2nd world war hitler, which 2nd become chance of germany without great depression. so it changes everything. know of the leading company executives wherever brought to justice i

lost everything, all the money, everything i had my wife, my family connections. i lost her in just a small fish and i was brought to justice. they all went free. the system is, is what it is. and until the system changes, the powerful continue to walk. you've seen that there were some very large subtle, much that were made,

but they never admitted that they did anything the use there was no admission of guilt. there was no charge of any criminal activity, and i have always represented that those payments were nothing more than pain. an extortion to the department of justice to seal the evidence to lock up the evidence . so the public would never see how widespread and pervasive the fraud was. that was committed and i truly believe them in these crimes are so vastly larger than any blue color crimes. just off the charts,

non comparable in terms of these things. it's what balzac actually said behind every fortune that you can't explain lies not just a fraud, but one up of fraud executed so well that it wasn't prosecuted. the you're now in midtown manhattan on park avenue. this is the old, this is where leman was after 911 and his building across the street is where dick for the b o is working today and his new company matrix capital. nothing has changed. he's in the same business. he always was. some people may think of him as some sort of, you know, guy that was banners forever, but now he is just fine. the world class,

there were trillions of dollars of damage. it didn't cost both a dollar. the man put $550000000.00 into his pocket. he kept it all, and presumably he's probably grown that pile quite considerably. perhaps he has a 1000000000 by now. the stock market has been doing very well since the crisis. prison was the beginning of the redemption. the judge told me to do something good with your life. and that's why i'm trying to make a difference by speaking to the public about my failures and how they can be aware of what the world is facing. do i think it can happen again? do i think that that's i think that's yes,

i do. the theme of the next financial crisis of already been planted. they're growing. we can't see them yet. but there are plenty of signs all around of of trouble. berlin in i think there is no doubt that we're going into another crisis of a greater severity than we have just been through. i can't predict what the instruments are going to be. i can't predict the specifics, but i know it would be driven by greed and misbehavior has no consequence. we have shown that we, the public and decision makers basically haven't learned because we never so much understood the crisis. but the bankers of learned the lessons and the lesson was, this is sweet. this is perfect. this is

a sure thing. i will be fabulously wealthy, and i will not pay any price for it. thank you, lord, me . i choose choose hello, good to be with you. we are keeping tabs on that historic rain that has been falling

through japan, but over the past 24 hours on chicago cou scooped up another 52 millimeters of rain . and look at this. it's still falling on friday and we could see some heavier pockets for chicago. so with that in mind, there is still a landslide alerts, a covering coaching and taco shima, which we just talked about. picking up that 52 millimeters of rain. we are getting into some dry spells across southern portions of china, but heavier pockets of rain for thailand into western and southern areas of cambodia on friday and southeast asia. heavy concentration of rain from the malay peninsula, borneo to the ways the rate into papa on friday. can be expected. down under right now. we've got some clouds drifting in towards the se, producing some showers, and it's going to be breezy on tasmania. so hope are we can expect your wins about . ok, 60 kilometers per hour. when this weather report in new zealand, where it's fairly quiet, just some scattered showers for both islands toward the north. but we've got

a southwest free so that keeps your temperatures into a single digits. christ church a high of 9 degrees on friday. that's your weather. see you soon. the as a research and taliban retakes, i've got his don, female activist journalist and even school goes on to threats. 11 east investigate the fight for it's kind of stones women on out there or if the country about to collapse before the kinds of reform you're talking about can take place. we bring you the stories and developments that are rapidly changing the world. we live in, why are we not in the best situation? why has that money been responded? how did that happen? counting the cost on al jazeera we understand that and similarities of culture across the world. no matter why you call,

i'll just bring you the news and current affairs. ah ah, this is al jazeera ah, hello, i'm the parker. this is the al jazeera news, our life london coming up, flying their flag in defiance. ask and protested market independence day, showing resistance to taliban control. a cobble airport. the desperate struggle to leave continued. thousands have been evacuated, but thousands more. remained. aid slowly starts to flow in haiti nearly

a week after a powerful earthquake. but the rural areas as an anxious wait for help. why.