our, the bay of pigs on out his era the diverse range of stories from across the gland. from the perspective of our network gentlemen, on al jazeera, ah, ah, marianne noisy in london with our main stories. now the taliban is warned of consequences if us and allied troops cross its red line and remain in afghanistan be on the deadline. that's just 8 days from now. us president joe biden is on the pressure to keep american troops on the ground to continue with evacuation efforts . orson and fonts are among those calling for that deadline to be ease. we are engaging with the taller bod, consulting with the taller bond on every aspect of what's happening and cobble right now on what's happening at the airport on how we need to ensure that there is

facilitated passage to the airport for american citizens. s i v 3rd country nationals and so forth. we believe that we have time between now and the 31st to get out any american wants to get out while the chaos at cobble airport continued on monday, reportedly 14000 people waiting there with at least 10000 more outside hoping to get in. now knowing that at least 20 people have been killed in the past week, trying to get on to flight. in our other headlines, the u. s. medicines regulators fully approved the find a vaccine against covert for everyone age 16 and above, spend an emergency use since december. the pentagon is now saying it's compulsory for all members of the us military. that's more than 1300000 people to get a vaccination. a new york city is making it mandatory for all of it's 148000 teachers and school employees as well. if you're one of the millions of americans

who said that they will not get the shot when it's until the has full and final approval of a f d a. it is now happened the moment you've been waiting for it here is time for you to go get your vaccination and get it today. today. it's an important moment in our fight against the pandemic. and taiwan president has received her 1st choice of a locally developed coven. 19 vaccine. as a nationwide rollout gets on the way there tie in when broadcast the job live on social media. in an attempt to increase public confidence in the message and vaccine taiwan push to develop a local vaccine after delays and deliveries from mcdonough and astrazeneca. oh, i'll be back for the news are 2100 gmc will continue on coverage of the latest developments in afghanistan. i'll see you then. bye for now. me. ah,

greed was definitely the driver on this. 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 banks. 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? go 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 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. lead by famous ceo dick full. 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 for you, the food. what will be the 1st things 1st, 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 call them that for 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 read 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, 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 top pitfall guys around him were, go for pushing,

go beyond the limits. the key 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 dig false, made his fortune lehman brothers. he was a billionaire. so you say, well, i think you get it 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 news of their toxic derivative. and the ratio of lending band and 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. 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 involve called rico. one of 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. they would borrow $50000000000.00 and they would give $50000000000.00 in collateral. but they would actually say that this will the 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 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 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 emerge 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 bullet. yes, that's my. that was the opinion we can reach in the report. isn't it's 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 may 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. 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 leman, you think it's possible that differed they 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 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 jackpot place to make money. and the most money was walk to do 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 the had 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 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 son 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 for the world and this stood up the. 7 take him away. 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 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. i 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 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. 2 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. lima 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. 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. but 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 chicago to 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. this is not random. it's not opes

everybody gets hurt. in the impact across the world was measured in the trillions of dollars. the value of all was lost during that period. time is almost incalculable. we've never seen anything like that since 1920 the ah, me. his crisis has changed the world in 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 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 love 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. you've seen that there were some very large settlements 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 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, this is where leman was after 911. and this building across the street is where dick for the ceo 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

prison was the beginning of the redemption. the judge told me 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 have 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 . ah,

ah ah, ah. hello, there was a dry, settled weather for much of a stranger in the days to come apart from in the south east. we've got a weather system that sitting in coastal areas of new south wales and within cold blustery winds, with vast flung showers and storms with possible hail and some rough seas. and it's going to knock the heat out of sydney. things are going to feel rather chilly, but as it sweeps off to the east, the temperature is going to pick up slightly and they will be sunshine behind it. now it moves across the tasman, see it is going to impact the south island as we go into web and stay ahead of it. we have got wet weather in the west is something fine and dry in the east and in

the north island with some sunshine breaking through the clouds on wednesday it will free papa bringing the wetter and windy weather with it. now as he moved to east asia, we have got some very wet weather on the way for the korean peninsula. exceptional amounts of rain are expected to fall. and africa, tropical storm or mice is going to join up with may you front to bring those drenching down forces he go into wednesday. it will be northern areas of japan that she does very wet weather, particularly in her chi dough. but central areas and in the west of hong shoe, we are expecting some heavy falls with possible flooding. the, the september honor theera as morocco records would be impacted with 19 the country votes and parliamentary elections that will shape the future. while the listening post dissects the media,

how they operate, the stories they cover. and the reason why the 911 attacks over the world 20 years on the war that followed had finally ended, and i've done it. but that's what caught, this didn't real, obviously, unique, attractive on us can help you and history through the eyes of a fearless and vision we filmmakers. germany goes to the polls and elections the, the i'm going to merkel replace up to 15 years in power. what would the results mean for germany and european union, september on al jazeera dory, that need to be told, find away, and demand to be heard? opening a window into another light and challenging perception. witness documentary, the change on al jazeera. ah, they wanted 43000000 pounds worth of weaponry. that was 6000000000 pounds in commission. there was no hope of any more because there's always

a small car. most people for really, really good live in athens. we in the united states, have privatized the ultimate public function war shadow on al jazeera, the news. this is al jazeera ah, hello mariam mazda, welcome to the news our life from london coming up in the next 60 minutes taliban. right line. foreign forces miss leave afghanistan by the end of the month, but it cobbled airport chaos. in desperation. this is where most people are asked to come to and in recent days has been closed because.