through punishments for certain crimes, everybody will be safe, nobody's kid will be kidnapped again to rental. now together that feeling that way forward into the new reality. ah, ah. hello, i had them seeker and all the headlines on edge 0. u. s. 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 remained. make no mistake, this evacuation mission is dangerous and evolves 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 accusation were in constant contact on a solid bod. working to ensure civilians have safe passage to the airport of the u . s. president. thank cutters, emir in a call for the country support in getting people out of afghanistan. kaltura is among 13 countries that have temporarily agreed to host evacuees. the us says a dozen more of agreed to serve as transit points. those evacuated, katara include more than $300.00, mostly female students, and $200.00 media personnel. more flights of being planned for the coming days. the

committee to protect journalists is warning the women are particularly at risk of taliban persecution. it says since they to power 2 prominent female journalists have been borrowed from their jobs, you are going to zation also said the group attacked at least 2 members of the press while they covered a protest. the death toll from saturday's earthquake in haiti has risen to nearly 2200 people. the quite damage the number of buildings, housing critical services among them, southern haiti's only medical oxygen plant countries struggling to contain in increasing koran of ours cases. 3 people have been killed in a bomb attack on a bus in guam, south, west pakistan. all of those killed the bystanders, including 2 children. those, all the headlines were back in half an hour. right now. it's back to the men who stole the world. the town the untold story.

ah, we speak when others don't. ah we cover all side no matter where it takes a police finn, you guys are my empower in passion. we tell your story. we are your voice, your new, your neck out here. ah, greed was definitely the driver as it is on most for a lot city group is not the only one 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, with 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 the brothers were the 4th largest global investment bank in the world. led by famous ceo dick bold. hi,

my name is 6 fold. 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, but 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 them. 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. 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. i, my name is all over buddha, and i was an in house lawyer, 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 pitfall, guys around him were, go for pushing all beyond the limits. 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 talked by default to fault 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 am. and here 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 banded in 2008. the 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 greek for one time. 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 fudge 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, does that is against the law. yes, there was a basis by which such a claim could be made. yes, we did. going against the full, 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 reap one o 5 transactions. while i was the ceo of lehman, 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. 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 vic 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 the story one more time. wall street miss representatives financial condition. at the same time, millions were spending on a trade in the us with a jackport place to make money and the most money with walk to do

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 except 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 have taken home more than $480000000.00. that's almost half a $1000000000.00. your company's 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 dick full said yeah, i only made $310.00 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 visit 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 complete the 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 had its biggest drop in a single day. 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 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 side of chicago. see foreclosure, foreclosure, foreclosure home after home after home that were going belly up as a result of that, 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 that period. time is always incalculable. we've never seen anything like that since 1920

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 it of course it brought us the 2nd world war, hitler was setting to 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 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 wrong. 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 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 they'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 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 is 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. i've 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 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 . ah, ah ah, ah. hello, they let stopped in central america where we're watching grace move across central

parks of mexico, often making a 2nd land full across that east. and cuz now it's going to bring wet and windy weather to mexico city. we could see winds of up to 65 kilometers per hour, but it's really that rain that's going to kick and we could see flooding and mud slides as it works. its way to that west coast is going to break down. that's what happens when these systems move overland. we're also watching on re, as it makes its way to the north east. that's going to bring some really wet and windy weather along the east coast as well as quite a strong storm surge. now it's expected to make land fall in long island and to the south of new england, but it is an unpredictable storm. we're not too sure where it is going to go and we've got high pressure above quebec, and that is making it even more unpredictable. but we'll keep an eye on that system regardless, it is going to bring a lot of weather to that coast and they'll be fun. the storms in new york as we go into next week. we're also seeing wet weather, around central areas of canada. we've got a weather system here,

and that's going to bring some severe storms rolling across towards the east as well as affecting the great lakes and the midwest as we go. insist sunday that sure weather update. the news as a resurgent taliban retakes. i've got his don, female activist, journalist and even school goes on de threats. 11 east investigate the fight for it's kind of stones women on algebra on county because the thought of on the economy can be of the financial crisis. the u. s. blocks access can extend the billions of $1.00 and $7000000000.00 lawsuit against the mining giant behind brazil, dead list environmental disaster counting the cost on al jazeera. how many nukes has too many new america has in many ways driven the arms race parties are much more like the british parties. now there are fewer regulations to

own a tiger than their our own a dog. how can this be happening? your weekly take on us politics and can i see and that's the bottom line. ah, me. trapped between the taliban and uncertainty desperate afghans wait and hope for the chance to be lifted out of the country. i cannot promise what the final outcome will be. what it will be that it will be without risk of loss. president biden wants the evacuation effort is risky, while promising every effort to bring us citizens and african allies home i.