and big kit companies around the empires are rising on a wealth of information and we need other commodity. in the 2nd 5 part series. 90 re examines where the corporations colonizing the internet. like meet the popularity and power of the big tech on a, jesse. ah, i had them secret in doha, the headlines on edge 0. you and human rights chief michelle bachelor, says she's received credible reports of abuses against civilians in areas on the tyler bond control. at a special session of the human rights council, she spoke about the allegations of executions restrictions on women and repression of protests. we have also received credible reports of seated violation of international military law and human rights abuses. taking place in many areas

under effective taliban control, they include among others, summary executions of civilians and all the combat. members of the gun national security forces restrictions on the rights of women, including the right to move around freely and girls, right to attend school. i was on the stands diverse, ethnic and religious minorities are also at risk of violence and refreshment. a us president joe biden is considering extending a deadline to pull forces out of afghanistan. here participate in a virtual g 7 summit later on tuesday to discuss the issue. the thought about says there will be consequences if the august 31st date is broken. cobbles, airport remains chaotic. they reportedly 14000 people waiting. there was at least 10000 more outside, hoping to get in before the deadline to pull out western troops ends. next, wednesday. the world health organization is warning the upheaval in afghanistan could lead to a spike in corona. virus infections also warned that afghanistan only has enough

medical supplies for 7 days. philippine president rodriguez church has accepted his parties endorsement to run his vice president in 2022 to 36 year term in office will end next june. he cannot legally run again, but opponents say his bid for the vice presidency is an attempt to cling to power zambia as president elect hucker in day he g. lemme has been sworn in. it happened that a special ceremony in the capital loose soccer. you'll be replacing outgoing leader edgarland, who chad former president, he sent harvard has died h 79 and cynical where he was serving a life term in prison. he was tried in 2016 for crimes against humanity, humanity, in the 1st african union bank, trial of a former ruler in 1990. the leader was ousted in a qu after 8 years in power. those are the headlines now back to the men who stole the world. the

news news news. news with me. i read

was definitely the driver on this. as it is on most for the city group is not the only one a comparable level of fraudulent mortgage loans have been seen in all the big, wealthy bank. 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, with lumens 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? you 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 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 were the 4th largest global investment bank in the world led 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 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. squeeze him 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 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. i, my name is all over buddha, and i was an in house lawyer, i 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,

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, did paul take fault made his fortune at lehman brothers? he was a billionaire. so if you say why i think you get it wrong, it ask you, are you a 1000000000 or have you made a $1000000000.00 trading? i have and here. 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, the root of 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. lehman became the

focus of worldwide attention because they were perceived as the next weakest link. they were the next domino to fall. so leave and engaged in a scheme, a 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. 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 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 trend 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 bullet. yes, that's my. that was the opinion we can reach and the report isn't it's 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 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 05 transactions. while i was the ceo of lehman, you think it's possible that the food 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, wall street miss representatives financial condition at the same time, millions were spending bonuses for trade in the us with a jackpot place to make money. and the most money was walk for 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 excessive lifestyle.

they were willing to take risks to support that lifestyle. there is 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 at 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 have 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 that large 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 to the world and stood up

take him away. i don't even think i could use it. 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 3 has been 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 $25000.00 employees, will be liquidating. 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. 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 bank 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 its financial contingent. there was a worldwide recession. you know, the value of real estate plummeted. people lost their homes, you to go through southwest side of chicago, seem 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. i mean, the impact across the world was measured in the trillions of dollars. the value was lost during the period time is always incalculable. we've never seen anything like that since 1920. ah, me. his crisis has changed on 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 of course he 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 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 settlements that were made, but they never admitted that they did. the 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 for 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 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 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. me, me,

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 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 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, it's another beautiful sunny day at 35000 feet. the weather sponsored by cattle airways booted world's best airline of 2021. hey, they're nice to see or hear your headlines for the america as a tropical storm on re, has now pushed out toward the atlantic after impacting the canadian maritime provinces with some soaking rain. and we are drying out across new england. boston has a high of 33 degrees. i heat alerts across the canadian province of ontario, including for toronto. it will take a few days before temperatures start to slide here toward the southeast. we've got a solid band of rain toward the florida panhandle, but especially louisiana and southern sections of alabama on wednesday. talking

about the high heat for southern sections of arizona and new mexico. look at this. there are alerts in play, a phoenix up to 43 degrees on wednesday. and still that strong offshore wind impacting at says that san francisco wind gusts of about 40 kilometers per hour. rain falling in all the wrong places from mexico in and around vera cruz, which of course was where we just had hurricane gray sweep through. and some heavy falls for costa rica and panama on wednesday show this wildfire in brazil. lab bouts 45 kilometers away from sell paulo, a 100 firefighters working to contain this. and we had suit fall in sao paulo a, but a cold front will eventually make its in toward sal paulo and drop your temperature in the days ahead. the weather sponsored by castle airways, voted world's best airline of 2021. challenging the brazilian dictatorship. the democratically run football team, lindsay, and 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 life and legacy of socrates and the corinthians democracy movements on al jazeera. ah, this is al jazeera ah, hello, i'm having a feature. this is the news out live from the coming up in the next 60 minutes. if i meant the red line, we'll do the statement of women and girls, us talk, human rights official says there are credible reports of summary executions and serious violations on it's all about. pressure grows on the u. s. president to delay the true withdrawal from afghanistan as he goes into

a g 7 meeting to discuss the situation off the trying for years to become president . dan b as new leader has been in.