all of our economy can be of the financial crisis that the u. s. blocks access black gamma stands with the billions of dollars and that $7000000000.00 lawsuit against the mining giant behind brazil, dead list environmental disaster. counting the cost on al jazeera, the hello and have them seek a in da, how the top stories on edge 0. the u. s. president is promising to make every effort to evacuate. all americans and afghan allies safely as thousands of people struggle to get past tal upon checkpoints to make it to cobble airport. joe biden says evacuations are among the most difficult lives in history. you also said the past week had been heartbreaking, and that the mission remained dangerous. why make no mistake? this evacuation mission is dangerous and evolved risks to armed forces and has been

conducted under difficult circumstances. i cannot promise what the final outcome will be, what it will be that it will be without risk of loss. but as commander in chief, i can assure you that i will mobilize every resource necessary. and as an american, i offer my gratitude to the brave men and women of the us armed forces are carrying out this mission. are incredible. as we continue to work, the logistics of evacuation were in constant contact with the taliban. working to ensure civilians have safe passage to the airport. on a tow has held an emergency meeting on the crisis in afghanistan. it says lessons must be learned about the speed with which the taliban took over the country. secretary general jens stultz and told just some nato allies express the need to stay beyond the august 31st deadline to get people out. we have been able to

evacuate the thousands of people over the last days. and the situation at the airport is so much better now and on and also on, in the beginning of the week about we really recognized that the huge hall sca that remains to be done. and that was the main issue discussed at the meeting it today. the reality is, i've actually, we are many allies for offer to host, to receive askance. people coming out from i've gone on. we have many planes, enough columnist on the cobbler airport or in the region. the main challenge was to get people to the airport on into the airport, so we have communicated clearly to all of us that they should provides a safe passage for everyone who wants to leave the country. a cotton is among 13 countries that have temporarily agreed to host evacuees from afghanistan cutters, amir and the u. s. president spoken about the situation. the us says

a dozen more countries have agreed to serve as transit points. those evacuated, cotter include more than $300.00, mostly female students, and $200.00 media personnel. more flights are being planned for the next few days. the committee to protect journalists is warning. women are particularly at risk of taliban persecution. it says, since they took power to prominent female journalists have been borrowed from their jobs, the organization also said the on group attacked at least 2 members of the press while they covered a protest. the death fell from saturdays earthquake in haiti has risen to 20 nearly 2200 people. the quite damaged a number of buildings, housing critical services among them. southern haiti's only medical oxygen plant countries struggling to contain an increase in koran of ours cases. 3 people have been killed in a bomb attack on a bus in pockets time to blast occurred in guava in the country, south west. all of those killed were bystanders who are not on the bus. 2 of them

with children. the head of the us government's humanitarian agency says, aid workers in ethiopia as t gray region are close to running out of food to distribute us a chief, samantha pow accuse the ethiopian government. a deliberately obstructing humanitarian aid to millions of people. india is approved. what it says is the world's 1st dna vaccine against corona virus for emergency. use. the vaccine make a de la health care claims. the jap has 67 percent efficacy to prevent coven 19 symptoms. you can drug maker astrazeneca says it's trial data, raises the prospect of a new treatment to prevent coven 19 company says is anti body therapy. reduce the risk of people developing any covert? 1900 symptoms by 77 percent. those are the headlines up next. the men who stole the world. ah,

it was july 1st, 2009. i was living in hamburg, germany at the time. i was in my flap with my wife that i had just married. 2 men came to the door. i did not recognize them, did not answer the door minutes later i left the building walk to the car and to unidentified georgia police officers showed up in front of me and in german basically identified themselves and said they were their interpol, f, b,

i a warrant come with us that was not at all what he was expecting. obviously he looked at his wife and blew her a kiss and was pretty sure he would never see her again. that's a feeling of total fear because you have the total unknown of what the future holds . the bill there was taken on a plane to chicago with him where he had been criminal charge and entered the united states justice system, which is a really scary place to be was a thing charges of ups counting with $460000000.00 from the f b, i for fraud

me, my name is phillip james baker and i'm the former managing partner of a $1000000000.00 desk and fund the collapse during the financial crisis. my story is a rise and fall to redemption story. i've been rich. i've been on the top and i've been behind bars. i know what it is to be called a financial criminal. i miss my guilt, but non free. and i want to speak out because of what i saw. because i've been there, i can tell that if we do nothing, everything can happen. again. they

had no consequence. the titans of wall street, basically faith, nothing. for my life. i went to prison. some people would say, well, you know what, you did wrong. it's fair, it's just argument could be, i agree. but what about the people and the titans of wall street? the business started in the basement of my parents, and this company grew to be a 1000000000 dollar company. lakeshore was hedge fund farm. philip baker set up

a hedge fund and it was designed to trade in commodities on prices of oil, coal, things like that. he was a marketer. he was the client guy. he was the one who would go out to wealthy individuals or institutions and get them to put their money with lakeshore clients were global investment banks from around the world. goldman sachs world bank of canada. name for your bank comments, hsbc banking. those goes credits with u. b. s. subs medalist we operated in close to 40 different countries around the world, brazil for room, panama, columbia, japan, taiwan, hong kong, obviously throughout europe. the were making millions per month. offshore accounts. not paying taxes.

i was living, the dream weren't worried about anything, but in my particular instance, i had something to worry. all sorts of investors all over the world were very eager to put their money with them because he was generating very good returns. and that's what investors want. he turned out to be doing something else, which was he was misappropriating the investors money and the investors thought they were achieving these excellent returns. in reality, they were not. phillip baker and his partners were essentially making it up. they were like ah, ah, the 2nd thing and in some way the more damaging issue is that as they sought to recruit

additional investors, new investors, which were essential because they needed to paper over the lots of money that they'd already lost. they were in their prospectuses and the documents they provided to investors to show investors how well they've been doing the relying there to when they were saying, instead of having lost 50 percent of their assets in the 1st year they were saying, oh, look at us. we've got a long track record of very impressive returns. ah . they were lying not only about the returns, but they were lying about the longevity of the fun. so they were saying they had, i believe, a 14 year track record just wasn't true that they had not been traded for 14 years . trading results were falsely reported. and hence that was a fraud. you cannot do that one, penny not reported properly is wrong. the

victims were everyone who invested with investors who lost their money initially. investors who put their money in after the initial fraud occurred. and so there were hundreds of millions of dollars that vanished as a result of this i've been asked why did i break the line? i wanted to protect what i had money, family power. everybody does that, don't they? what do you mean? how many people say no, i don't want the power. i don't want the money and walk away. would you say that you are right?

color printing. if very interesting, when you see your name, phillip james baker versus the united states of america. it's overwhelming. then you face the assistant us attorney as he's looking you in the eye. and when you go to that circumstance, there are no words that really can describe the depths of the loneliness you feel at that moment. the ultimately completed a plea deal with the united states government. i was sentenced to 20 years for waterfront

still big as a criminal. is he the type of financial mastermind that cause the financial crisis? absolutely not. this is a guy who is, was not very sophisticated about his crime was not very malicious about his crime. and but he admitted that he committed a crime. this is a classic example of where the justice department takes a shortcut. they want to generate publicity for themselves as going after financial groups, and everyone wants them to do that. any time and time again, the people that they're going after are the little min. they're not going after the big fish are not going after the bankers, for the most part. there's certainly not going after the senior executives at the banks or other big financial institutions that were the decision makers leading up to the financial crisis. in

10 years after the financial crisis except iceland, how many white colored criminals are behind bars? dreams, their golden from credits with is the only banker of wall street to go to jail related to the crisis. to e last, just a few 1000000. not really big fish. not a true alcohol. could you tell me only one big bank, top executive name here or the number of people convicted of crimes linked to the crisis in the us. the court of the financial times. 324 people from main street 0 wall street chief executives have been depressed even though there is today, absolutely no doubt that wall street executives and politicians were complicit

trading the price i i. this is the story of how massive global banks made billions by packaging toxic mortgage loans and financial products and sold them all around the world. the american politicians pulled the trigger. it all started with the political philosophic or a grand emission of allowing everyone to own home our government is supporting home ownership because it is good for america. it is good for our families. it is good for our economy. part of the american dream that was pushed by, you know, all sorts of president clinton bush,

whatever for years was the home ownership the authority kept the interest rates very low in order to make money very, to boil wall street. and politicians had agreed to work together. wall street with the pursuit of profit and politicians, the pursuit of government interference and economic growth which could be turned into election victories for years to come. this was the beginning of the housing bubble. when the bubbles expanding everybody as a winner. everybody is a genius. the lenders make money. the real estate development companies make money . the construction workers make money. everybody loves a bubble. but this was

a devil's deal between politicians and wall street. the setting to a perfect storm. what happens in a boon is lenders take more and more risk, and borrowers take for a risk because they both think things are safer than they appear to be. and one of the ways they persuade themselves to take more risk is through financial innovations on wall street and created the risky loans called prior to mac and imperial afford to pay the bank when they had just applied for the public were given access to 0 low income and even no job loan.

so if you want to be absolute craziness, it would be the ninja loan. so ninja stands for no income, no job, and no assets. and the idea is that you would lend money to people that gave you know, information about whether they had any income that they had any job. and then you add that it will allow you to grow enormously because now you can loan in the u. s. context 2 ends of millions of people have a lot of how many people out there are there who can't get alone?

tens of millions of people in the united states, tens of millions people, and friends. in these circumstances. this goes under the general category of predation in the united states. the people that were targeted for the worst were overwhelmingly a combination for demographic factors. blacks, latinos, the elderly, and the males. that is incredibly important as to why almost everywhere in the world these things are crimes ah, in, ah, the talk to loans became a gold rush for the whole us banking, financial industry. all the major actors of wall street,

one of the piece of the some prime party goldman sachs, lehman brothers, morgan stanley, merrill lynch bear stearns, j. p. morgan, city group. and so the friends extended itself and loans were sought by the public by falsifying their own financial situation on loan application. therefore, the public and banks were complicit. committee bank for the me. my name is richard. i was senior president and business chief

underwriter for 2nd. good me at the time city group was the largest thing and it was my responsibility to make sure that the $90000000000.00 a year that we were purchasing and mortgage alarms that were originated by other banks and mortgage companies. these are policy standards in early 2006, i discovered that over 60 percent of these mortgages did not meet our guidelines. they were by definition defective. when i discovered this in this was june of 2006 silly me, i thought it was my job. i started showing warnings because i was supposed to make

sure that these met our policy guidelines. and i sent email. i put it in my weekly report, i made committee presentations, i mean, i'm not a shy guy. i cornered people in the hallways at the water fountain and everyone say, yeah, yeah we, we, we know where we need to fix that. but nothing would happen. and through 20062007, the volumes kept increasing and the rate of defective mortgages increased from 60 to an excess of 80 percent 80 percent of these mortgages that we were in turn, selling and giving our representations and warranties that they were that met our policy guidelines did not meet our policy guidelines. this is miss representation. that is true. as a matter of fact, it was fraught i,

i've seen plenty of alone documents with my own eyes that were falsified. and the borrowers still find them as if they were correct. people who were typically hair dressers, gardeners, and such reporting incomes of over a $100000.00 a year. now their actual incomes would be in the range of about $16000.00. in those cases, their income is inflated by a 6 types you would have waiters in a restaurant showing that they made a $150000.00 a year. i mean that clearly is is out of wine, but nonetheless, the loan type permitted that to happen. richard bowen and his staff very carefully, very professionally,

are documenting that these loans, the reps and warranties are false. but city is overwhelmingly turning around and reselling these low city group. didn't want to know because if it looked at these places, it couldn't possibly continue to use them. it was all about generating revenue. people who worked on wall street, it seemed of the idea of securitized mortgages package, the thing mortgages up into securities, they actually arrange to buy the mortgages. they would package them up into securities. they would file documents with the security exchange commission that they had to be able to call them securities and then they would sell them to investors all around the world and all along the way they were making money. it was

almost like it was a perfect product that anybody who touched a mortgage, i made money off of it. the november 2nd of 2007, sitting at my kitchen table. i put together an email and i sent the email to robert reuben who the next day on sunday at the board meeting was name chairman of the board. i also sent to the chief risk officer, the chief financial officer, and the change order. i said urgent, read immediately, financial issues. i put that in all capital letters. i call for an outside investigation. i said come in here from the outside and investigate what is going on here. because everybody here already knows. and no one contact me

throughout november through december there was no contact. no one said a word. i will tell you that that particular point in time before i would even get in my car, i was doing what they do in the move. i was looking underneath my car and look it was very frightening. the february, the 6th i received, there was an email that went out with regard to reorganization. and in that reorganization, i was script of all my underwriting responsibilities. that next week i was put on in been as grading believe and told him not to come back to the back.

i. 2 me with the or to put you in to turn the hutch or the yeah, that might be a rich and diverse culture explored through its music and songs of the

city and now to 0. the grim consequences of mexico's bloody drug. watch the people around you, mr. governor, you've got people who are with the narco, through the eyes of the journalist, determined to report the truth. your government is full of narcan, she said, that's how the article should start 60 years on we revisit the report is still risking their lives being another outbreak. violence of more versus rewind, the deadly beat on out there. the city of cobble has experience so much. i'm here for decades and they says another change to get used to, and one that's far from easy the situation. and now it's not clear. the people are just lost and confused. there are deep rooted fears about the erosion of basic price in particular for women and girls. by just sure it is from the taliban, and about to return to true punishments for certain crimes. everybody will be safe,

nobody's kid will be kidnapped again, parental now together, that feeling that way forward into the new reality. ah, ah, hello, i had them seeka and all the headlines on edge 0. the us president is promising to make every effort to evacuate. all americans and afghan allies safely, as thousands of people struggled to get past taller bon checkpoints, to make it to cobble airport. joe biden says the evacuations are among the most difficult lives in history. he also said the past week had been heartbreaking, and great risks remain. make no mistake this evacuation mission is dangerous and evolves risks to armed forces and has been conducted under difficult

circumstances. i cannot promise with the final outcome will be what it will be.