punitive view of the world today on algiers near me ah, that new clock into the top stories here on out 0 and the un commission report says the taliban has priority list of people. it wants to arrest in afghanistan. those targets. it included soldiers, police, and intelligence personnel, and international spokesman dismiss report saying the group is focused on restoring order. for the evacuation of tip formats, enough guns is continuing applicable international airport. us moved 3000 people on thursday night. it says about $800000.00 have been evacuated since taliban took over. robin bride has more now from people. at times the taliban will put in place check boys to try to control the numbers down the airport road. that actually gets

to the airport to stop people getting that the taliban is telling people that if they don't have a reason to be that they shouldn't be that they should leave. but still people are trying to get there in the course as well as civilians trying to get to the domestic terminal, which remains close in the taliban and turning them away. there are also lots of other people trying to use the apple road, who i do have a seat on these evacuation slides, or special charter flights that are being laid on. who should be allowed to get through. related king is appointed ismael. somebody call me as the new prime minister marketing return of the long ruling party. here, places where you didn't. yes. in who resigned on monday. yes. in coalition fell apart over criticism. he mishandled the current of ours pandemic. a stay at home order is being imposed on vietnam's home. human city for monday, locked down measures in the capital noise have also been extended by 2 weeks. the country is seeing a rapid rise in infections and a career of ours done in australia's most popular

city has been extended until the end of september. the state of new south wales is reported more than 400 cases a day over the past week. most of the in sydney, uganda has expended the operations of 54 non governmental organization, the state party that agencies n g o says they weren't complying with regulations including a ban on political involvement. the operators of southern haiti's only medical oxygen plants are appealing for help after it was severely damaged. last sunday's earthquake demand ro, student has sought this month, driven by the kevin 1900 pandemic casualties from the earthquake. more than 2000 people nowadays have died in the earthquake. those headlines nodded back to the men who stole the world. me. ah, greed was definitely the driver. as it is on most for

a city group is not the only one. a comparable level of fraudulent mortgage loans have been seen in all . the big wall street bank, ignoring the risk of bankruptcy, bank began to borrow a mass amount of money to buy more and more and mortgage loans 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 and lucas? go by 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 lehman 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 were the 4th largest global investment bank in the world led by famous ceo default. hi, my name is dick full. 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 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 them the gorilla and i think they call them 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. squeezing 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 written out their heart and eat it before they die. the man who lost them in 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. i, my name is all over buddha, and i was an in house lawyer as legal 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 all beyond the limit. the key at leaving 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 talked about the whole false made his fortune lehman brothers. he was a billionaire. so you say, well, i think he had a wrong. he asked you, are you a 1000000000 or have you made a $1000000000.00 trading? i have and he asked. 2 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,

they expanded the use of their toxic derivative. and the ratio of lending band in 2008 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. 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 of this was something that lehman 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 for 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 for 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. and we will merge from this cycle, even stronger. we've done it before and we will do it again. so the number yes, my opinion, they absolutely fudged 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 accounting gimmick to make themselves look better. so they knew what they were doing. so they were id information to the public. yes, that's my. that was the opinion we can reach in the report. isn't it against the low? well, if you file a misleading statement, and you knowingly file a misleading statement and a 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 made. yes, we did clinic against the food, the c s. s, but nobody was arrested or charged for the now there were no rats, 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. no,

let me start by saying that i have absolutely no recollection whatsoever of hearing anything about were seen documents related to reaper 15 transactions. while i was the ceo of leman, you think it's possible that deferred didn't know now is the of course of course none. there were senior executives that lehman who were interviewed by mr. balloon, us and others. who said that, yes, he did know that emails were sent to him. that showed the repo one 05 portion of the financials to show the effect of this. and then dick folds 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 jackpot. the place to make money, and the most money was walk for the bonuses reach level 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 lived 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 factors . 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 for the world and this stood up the. 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 there, 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 on us. 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 genic environment. it created the biggest crimes in financial history and as nothing close on this is absolutely stunning. wall 3 has seen very, very few days. like the inevitable happened. the house occurred came falling down. lehman brothers, a 158 year old firm filed for bankruptcy,

brought down by bad mortgage investments. lehman, which has 25000 employees, will be liquidating 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 each to lend to it and a 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 banks began to stop lending money to each other.

the collapse of lehman brothers triggered turmoil and markets around the globe thought tumbled in taiwan in india, then remedied in europe. the 2008 financial crisis displayed what the world now identifies financial contingent. there was a world wide recession. you know, the value of real estate plummeted, people lost their homes, you to go through south west side of chicago and 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. in the impact across the world was measured in the trillions of dollars. the value was lost during the period time is almost incalculable. we've never seen anything like that since 1920 ah, this crisis has changed the world in many, long last ways. without the price, this breaks, it would not have happened that 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 it of course he brought us the 2nd world war. hitler would certainly not become chance of germany without great

depression. so it changes everything. no, the leading company executives wherever brought to justice. i lost everything. all the money, everything i had my wife, my family connections. i last 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. the with 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 paid some 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 of fraud executed so well that it wasn't prosecuted. the you're now in midtown manhattan on park avenue. this is the old, the, this is where leman was after 911. and this building across the street is where

dick full, but the oh 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 banished forever, but no, he's 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. me do i think it can happen again? do i think that that's i think that's yes, i do. the themes 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 have learn 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

got one of the fastest growing nations in the way i want a car needed to open and develop it back into national shipping company to become a team, middle east and up or trade and money skilfully enough. re key is up to about filling up front of connecting the world, connecting the future. got cut to gateway to whoa trade. ah, it's time for the perfect journey. the winter sponsored by cattle airways. hello, good to see you. here's her headlines for the americas, an update on grace looking to make a 2nd land fallen central mexico t. were there a cruise area, again, potentially as a category one hurricane, bringing with its storm surge about a meter meter and

a house. so that is the ocean being picked up and shoved into the shoreline will move across central areas that mexico and exit out toward the pacific coast. next, i want to take you toward new england and look at the lashing boston. got these were remnants of what was tropical storm fred producing scenes of flooding here. and it's a 12 punch because now we are tracking tropical storm honory as it moves up late sunday into monday looking to make a potential landfall in new england. this could become a hurricane but weekend to a tropical storm. nonetheless, we will keep tabs on it for the desert southwest are flood watches has now been dropped, but we could still see some storms flare up here and very breezy off coast here. but it is whipping up the winds toward northern areas of california where of course, we've got the dixie wildfire burning the largest in the us, some big storms erupting over bolivia. torrential rains and whipping winds, producing scenes like this. but toward a sophie on our temperature at 32 wasn't quite record breaking,

but still warm to be sure. sponsor cut on airways, changing the brazilian dictatorship, the democratically run football team. when teens change the course of the nation, the center was a revolutionary football, known to locals, as the doctor football rebels concludes with the celebration of the life and legacy of socrates and the corinthians democracy movements on al jazeera, london is one of the most important cities in the world and decisions made here have an impact and right around the globe. and so here at al jazeera, we will show you the true impact of those decisions on people and how it affects their everyday life. we are free to put them on air and to really engage because we know that our audience is interested not just in the mainstream news,

but also the more hidden stories from parts of the world that often go under reported. ah, this is al jazeera ah, over there on the clock. this is a news live from the coming up the next 60 minute, me friday, pres, enough canister on following the television. take over. like to deceive and find the most. the court between the taliban and a celtic evacuation.