can have improved back home, they say to continue to be targeted because many of these are being reported and all they come to taking refuge conditions. here are last time ideas the i money insight and he had helped stories on algebra. that reports have up to 4 people crushed to death that cobbles, airport is off. gowns desperately tried to leave the country, but he says it's mathematically impossible to evacuate thousands of afghans by the august 31st deadlines set by the us president job bided. most countries of agreed to take a small number of afghans flown out of couple. the european commission president ursula on the line and visited a spanish military airport, being used as a temporary transit point for the evacuees fin the guns fish. that's legal. it is

very important that we offer legal options to those who have to flee afghanistan because of their convictions because they have worked for us because they are women's rights activists. or because they a journalist, we must now offer them safe ways to leave the country and be accepted on the list. a week on from 8 is devastating, earthquake survive is the facing severe shortages of a shelter. the government is facing growing criticism of its response to the disaster. our team visited a makeshift campus survivors and found appalling conditions. at least $41.00 palestinians, including children, have been injured after the israeli army fight and protested, demonstrating near the gods and border. the protesters were reportedly hurling 5 baldness from behind. the strips for defense and israeli soldier was also injured. demonstrations have taken place weekly over the 4th expulsion of palestinian families in shaped cheryl and occupied east jerusalem. the israeli army says its

launched strikes against for how much positions in garza in response to these protests, israel's defense minister says that his country will not accept any violations at the board offense. millions of people in the us being warned to prepare for fierce winds and heavy rain as hurricane on re heads to the east coast. the national harkins dentist as it could bring life threatening storm surges and flooding on 40000000 people in the region on the hurricane. or tropical storm warning, massive while 5 burning through 200000 has protected land in bolivia, areas home to an isolated indigenous community near the brazil border. the local authorities say at least $155.00 continues to threaten conservation zones. and red animals like jack was those the headlines, news continues on out there to the man who stole the world. aah!

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greed was definitely the driver of homeowners. 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 wealthy bank. ignoring the risk, a bankruptcy bank began to borrow a mass amount of money to buy more and more mortgage loans and package them into derivatives. the top underwriter is the peak years of 20052006 women brothers. at $106000000000.00, leman was one of the largest makers and sellers of the absolute 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? you got my 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 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 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 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. 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. ah, 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 around me. the tone coming from the fitful guys around him were go for pushing go 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 about the whole fault made his fortune at lehman brothers. he was a billionaire. so you say why thank you, you had a wrong it ask you, are you a 1000000000 or have you made a $1000000000.00 trading? i have and he asked. 2 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, they expanded the use of their toxic derivatives. and the ratio of lending band in 2008 niemen 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, a accounting scheme to make it look better. and what they did was involved was called greek for one fact 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 or 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 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 jet, 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 to 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 fight 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 bullet. yes, that's my. that was the opinion we can reach in the report. isn't it against a 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 ne, yes we did going 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 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. balloon, us 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 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, 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 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 time for the 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 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 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. ok, this is absolutely stunning. wall 3 has been very,

very few days. like this. the inevitable happened. the house 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 lead 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. 911 bank began to stop lending money to each other. the collapse of lehman brothers triggered turmoil and 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 contingent. 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 c, 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 april bud. if this is not random, it's not,

oops, 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 920 ah, ah, me. his crisis has changed in a 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, 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 i why? my family connections. i lost out of the just the 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 the scene that there were some very large subtle, much that were made. but they never admitted that they did anything. 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 payments or the storage and 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 a 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 this 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'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. 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 .

hello there, it's hot, it's dry and it's relatively quiet across much of the middle east. and levant temperatures are where we expect to see them for this time of year. apart from syria, we are seeing a lot of heat come through for damascus, and the temperature is expected to touch 40 degrees on sunday before easing slightly. but there's plenty of sunshine around hazy at times. we are going to see the temperature pick up in the u a. off the southern, the winds do ease. now for the wet weather, we have to move to central parts of africa. we've got the storms continuing across . ethiopian rich valley, hedging into south to down. we are expecting some really torrential downpours here on for the west in nigeria, we could see some flooding as those heavy rains continue. now as we go into monday, we've got the wet and windy weather that's going to affect parts of sierra leone and guinea. we've seen some heavy rain fall here. we could see flooding with that.

i'm moving to south africa for the wet weather. we have to move to the eastern cape . a change in the wind on monday is going to pick the temperature up in durban. advocate tom, there'll be plenty of sunshine coming through ahead of wet a weather that kicks in on tuesday. that's your weather update. the as the resurgent taliban retakes of his dawn, female activist journalist and even school goes on to threats. 11 east investigate the fight for it kind of stones women on out there are getting close to the people most affected by those in power is often dangerous, but it's absolutely vital stories that util was cited in this area. we pushed as far forward as we can to the front line. now the smell of death is overpowering. a lot of the stories that we cover highly complex,

so it's very important that we make them as understandable as we can do as many people as possible. no matter how much they know about a given crisis or issue, as i'll just say correspondence that will be strive to do i the chaos city airports a semblance of normality on the streets will be live in cobble for an update on life under the taliban in afghanistan, african nationals look forward to a new life in cat. we'll take a live updates from the air base, which is the hub of us evaluations from cobble ah, hello and welcome mind peter w. watching al jazeera life from her,

also coming up is ready fight to jeff target. come ask positions in garza for a flare up with violence on the border clubs.