tv [untitled] May 25, 2011 12:30am-1:00am EDT
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welcome back you're watching r.t. live from moscow these are the top stories as president obama pledges with these british counterparts to increase pressure on the levy and leader critics say the unity of the two countries is only bringing an escalation of the conflict in the middle east. thousands of georgian protesters press harder for president saakashvili to resign as many in the country struggle with object poverty and corruption. the war in the middle east moves from the front line to online asked palestinians and israelis clash over facts on which of pedia. the financial
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crisis of two thousand and eight hit america hard but some a lot worse than others in fact many of those that cause it are once again enjoying the high life while those that suffered as a consequence of it remain out of work and struggling to survive we sat down with investigative journalist matt tell you who explained how banks have escaped scot free. r.t. sitting down with author investigative journalist and contributing editor to rolling stone magazine matt thank you so much for joining us thank you for having me now let's get right into it you've dedicated a large part of your work in your career to discovering and investigating the events that led up to the economic crisis overweight and the events that happen after and during that whole chaos and my question to you is where is where does everyone stand now it really looks like the politicians have moved on wall street
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has moved on certainly from that whole extravaganza and yet we have millions of people left basically cement for themselves what do you make of all about well i think we're at a period now we're kind of at a crossroads where the if the government moves forward and doesn't make major changes and doesn't press forward with wide scale prosecutions i think this is kind of like their last opportunity to do that for the last three years or so they really haven't taken anybody to court at all there's really been no law enforcement whatsoever and i think that's something that people are talking all about a lot of wall street they're kind of wondering when you know the other sure is going to drop and i personally am hopeful that they actually will do something it's just it's too late but it's will come eventually better than nothing right now it's interesting that you've been pointing out that you know bernie madoff ponzi scheme are very tame as case and you've been saying that the reason he ended up being you
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know basically the only one who ended up in jail so far for significant period of time is because he was the one who impacted the rich and the reason that everybody else is still held on accountable because they you know impacted people who don't really have a voice apparently you know that i think that's absolutely the case being made off was a good target for a couple of reasons number one. he really had nothing to do with the systemic corruption that. to the crash of two thousand and eight he was just the street of a criminal who could have existed in any time period and so he was on connected to all the really serious stuff that went on on wall street and also the scale of it was even though it was big for the people who invested in his funds it wasn't anything like the scale of the fraud that went on of the big banks for instance there was that and then of course the fact that his ricans were actors in hollywood and other than other people in manhattan and wall street. that was really the
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reason why he ended up getting picked it's been over two years and a lot of people politicians people in the media are saying you know it's time to move on let's let's kind of start growing again and stop talking about the economic collapse are you still angry and who is your anger directed at that whole attitude well it's already over let's not bother going back and stirring up you know the hornet's nest of you know all these troubles that are in the past i think that's a really dangerous attitude because the number one thing that came out of this whole period is that there were absolutely no consequences for any of the people who committed this wide scale fraud we had these massive bailouts and there's an enormous amount of public anger about that if you couple the bailouts with the lack of law enforcement the lack of prosecutions there's really no incentive going forward for people on wall street not to commit crimes especially if they're incredibly profitable. you know if people on wall street look at that and they say hey if i rip off you know a pension fund or insurance company or
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a foreign bank. or a foreign hedge fund there will be absolutely no consequences basically the only lesson they have learned is that they can do anything and get away with anything and that's just right and i mean even if it blows up even if we get completely wrong you know the worst case scenario is that the government is going to come in and bail us out with taxpayer money so obviously the c.e.o.'s are not going to the bankers are not going. you care much about homelessness joblessness and all that mess they've created but why don't politicians really make more of an effort at this point i mean it's been enough time over two years to. start doing something to put stuff back together to put the puzzle back i think there's a lot of reasons for that i think our politicians are completely isolated from what most people in america are really going through they don't spend a lot of time with people who are struggling they don't know what it's like to not be able to make a home payment or have your house foreclosed upon and the horrible thing about this is that this isn't some small segment of the population we're talking about this is
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becoming a mainstream thing where what used to be the middle class in this country is now facing foreclosure and huge numbers i mean millions of people at a time are going into foreclosure or losing their houses or losing their life savings but i think people who are running this country don't really see that they don't their entire experience is limited to a very small circle of people who see a very different america one that's very affluent to think that a little further if you could literally describe the relationship between wall street and washington in one sentence really what would that it's completely commingled it's it's. it's a revolving door of interests where. people on wall street are either directly effect sponsoring the politicians in washington with campaign contributions and soft money and that sort of thing or else they are actually politicians who or what can really change who has the power to do it who has the force to do it and you
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know who would be interested in changing the well voters really a lobbyist we have the ability to make those changes they have to have the ability to not choose politicians who are beholden to wall street theoretically but the problem is wall street heavily sponsors both the republican and the democratic parties so automatically no matter who becomes the front running candidate for the presidency it's going to be a creature of wall street that look at barack obama who i personally admired her on during his campaign of two thousand and eight but if you look at his his his record goldman sachs was his number one private campaign contributor what about a third party is you know is that even an option or is that never going to happen in this country. it will seriously i don't see it i don't see it becoming a major having a major impact i think you might see the occasional politician who is who is really not part of that world not run so you know if people are obviously understanding at
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this point that democrats and republicans are different sides of the same coin but i understand that they don't know really because. i think your average american does doesn't see that i think you know you ordinary people are very. by this you know phony media created division between blue and red and left and right and democrats and republicans and people are are conditioned to believe that there are enormous profound differences between these two parties whereas the reality is their differences are mostly superficial and on the important questions of how the economy is run and how to regulate you come out of me they're exactly the same but i don't think ordinary people. you know that what about the village between the media and washington d.c. like you say they represent either one or the other really these days the mainstream media where does that take us what kind of a really situation does that create in the us and who is supposed to kind of revamp
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at this point people who have this image of. american news media as being. some kind of top down corrupted energy that is pumping out propaganda that's not really the way it works is that it's really the sort of nihilistic. purely for profit entity that is just out to make money and in the process of doing that. they're completely they have absolutely no interest whatsoever in doing social interest reporting it will just do whatever it is that's going to attract the most advertising and so as far as politics goes that means playing up this whole reality show narrative of you know left versus right and so that's our problem there's there's you know these are for profit companies and there's no money in doing the right thing so that's what that's how we get the media we have some kind of situation is that we you know if what you're saying we have washington
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out to please wall street wall street out to make profit corporations and the mainstream media out to make profit who is out there to do something to you know maybe do something for the american people for example we need to help right now there are a lot of good people in government there are a lot of good people and media the problem is systemically. they're never going to be able to pick hold because the forces at work are or are powerful and they're entrenched and they're also very efficient i mean the media companies they do make a lot of money and so it's going to take an awful lot to move them off their commercial model and i just don't see that happening so real change is not coming anytime soon you know i don't see it i mean i think you could have incremental change and i think you know if there are big enough. he says you might even see significant changes but. for the most part the way it's set up it's just really an uphill climb for ordinary people to. get their issues in front of the right politicians and get real change. do you think
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a crisis of oh wait wasn't big enough is that just the beginning should we kind of expect something worse to happen you would have thought that that would have been big enough for me to have expected across so that magnitude would have motivated to government to make significant changes but they really didn't i guess will have to do something worse before they before they make those real changes if we switch gears a little bit and talk about you know go from the people who are pocketing all this money to the way the money is being thrown around the globe. first of all militarily of course because that's a serious issue with the wars ongoing in the u.s. i mean that the u.s. is participating and researching on this a little bit why isn't this money being put into creating factories opening up you know manufacturing jobs. really picking up the middle class back up from its knees . that's just not the way. the american political mainstream thinks i mean your field if you look at the what happened when obama passed his seven hundred billion
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dollars stimulus that was ostensibly to create jobs it was it was a government program to help put people back to work there was an enormous coast to coast outrage of the idea that the government has any business try to help people put people back to work on the other hand when we spend ten or fifteen times that bailing out wall street after two thousand and eight. there was nothing like the same kind outcry or when we spend a comparable amount fighting pointless and bloody wars of conquest in faraway places when we spend enormous sums of money on endeavors like that again there isn't the same kind of outrage always idiotic why do you think the politicians feel that what is really do you think the underlying purpose of libya for example for you libya i don't know i mean i think this wasn't this was in a situation like iraq where the united states had
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a clear long term plan to go into this country. and went in there with their eyes wide open if you look at their iraq and afghanistan to me those are more. indicative of what we look for and what they're thinking about in terms of foreign policy they have these long. military stalemates deployments that are going to go on forever and ever and ever and that are going to cost one hundred two hundred billion dollars a year and there are the official policy of the united states is that is to keep these things going in to have a presence in that region i think it's political inertia at this point you know if you look at afghanistan for instance. clearly i think the rain reason that we're there is because the democratic party views that. ghana stand as our war it's their way of going into an election season and being able to say that you know we're just as tough as the republicans it's not that we're against war per se we just didn't
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like the iraq war so look here we are in afghanistan we're tough that's really the only reason we're there so that you know barack obama doesn't have to take criticism that he's weak and limp wristed all right thank you very much for your time thank you. more than a. one of the most extreme environments on the planet this is and people have to be aware that they are far away from civilization sean combs discovers what makes this so special and attractive for many life in antarctica is. the flood zone. expedition to the bottom of the earth artsy.
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as president obama pledges was british counterpart to increase pressure on the libyan leader critics say the unity of the two countries is only bringing an escalation of the conflict in the middle east. thousands of georgian for a task force press harder for president saakashvili to resign as many in the country struggle with object poverty and corruption. a war in the middle east moves from the front line to online as palestinians and israelis clash over facts so we can pedia. most of the top stories here in our team sports next with natasha .
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thanks maria hello and welcome to sport out of stories this hour safely through what is shut up over a pile of dollars and the marri their place is in the second stage of the french open natural longer. a race against time barcelona russia gets along that ahead of the champions league final a day earlier than originally planned. and former russian boss is feeling sad he's happy in his current role as to the manager and has no intention of taking over at chelsea. will begin with time as motivation of a book took place on the second stage of the french open on tuesday following a straight sets victory against gracious that he. the russian who is looking to win had a brain should open made of excellence start taking the opening said by six games to three and she continued good form into the second shock of what will go on to win line games in a. set and wrap up the tree in less than an hour she will now play caroline
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france and france in the next stage. beginning because she stirred off serving really big and i didn't get too many looks so conserves and once a got a good rhythm felt like i started playing better and better so you know it's a good way to start first round those little tricky when you do know your opponent to. however not such good news for another russian airliner based in our crash pal despite winning the first batch meanwhile kim clijsters a statement through the belgian having few problems against and this year. but former a longer old champion on a ballot which is out there rushing to defeat in three sentences with johan the larson part of it had dropped the first but he well to take the second to last. into the side of the box was her twenty two year old opponent through the.
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institute and getting a second round meeting with russia is equal to the mark probert. on the men's side of the draw five time champion rafael nadal was taken to the limit by american john isner before the spaniard eventually prevailed in five sets the world number one hasn't been his devil himself on the red clay this season losing twice to know for sure to reach in the field. proper to do the big serve in american back to take the next couple of sets on type breaks defending a longer us champion how well behaved the love for the result of our resolve to grind out the american bison three six two six seven six seven six two as six for the final score and basis for our knowledge of match. meanwhile andy murray sent another local favorite backing by his posing of every pro draw in straight sets french press and i'm able to put up much resistance against the pulse of the scot losing in straight sets very clearly
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a class above in this six four six one six three picture a difference of four years old now faces a tellin like the news this morning. and two more russians were involved in the first round action on tuesday evening news and will be leaving paris early after going down to german florian miring for me to sort of to belgium's soviet malise to the limit but also failed to prolong the spain paris he lost in the five cents on. football news and f.c. barcelona are in london take out loans arriving for the champions league final with months tonight of the day earlier than planned due to the volcano eruption in iceland the original plan was to travel to the u.k. on thursday but just decided to avoid unnecessary travel headaches the players checking into one of london hotels early brownstein morning south of this final will be a rematch of the two thousand and nine decided that in rome when the likes of leo messi and the rest of the school would be two nights and under the same coach. in
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the meantime former russian head coach crusading says he's happy in his current role as turkey manager despite being linked with a vacant chelsea job that's of the car launch locks he was sacked the dutchman is committed to his role until the end of the twenty twelve european championships but things haven't been doing well for the sixty four year old so far and the defeated belgium in two weeks' time with all but and their hopes of making those finals getting says he's not ready chelsea's job yet but perhaps one unlikely choice would be the says. ski with an english newspaper saying the forty year old russian is on a four man short least. now i mean one step away from making the n.b.a. finals after taking a solid three one lead in the best of seven series with chicago he'd been seeing the bulls in game four won a one two ninety three in overtime bron james left the house with thirty five points easy chicago on thursday. so i'll say with basketball with the
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london olympics a little over a year away the russian women's team are hoping to qualify for the games at the upcoming european championships and on course through free portion how preparations echoing. the russians are usually one of the main contenders for a podium spot in european basketball events since nine hundred fifty the women's national team has lifted the european crown twenty one times as the soviet union and since two thousand and one russian players have made it into every single final winning two out of five that have taken place in poland and the team will perform under a relatively new coach who began his tenure in twenty ten just before the world championship in turkey where russia failed to impress losing to belittle others in the quarter final however the national basketball federation is up to a mistake about the team's chances we'll see after the championship and the results could be good and could be a not good you know. with the lies of them. make some of the decisions but that the
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moment is the culture of the russian women's national team and we hope we can coaching the team and with this team we can just. come with results. at the moment only two of the twelve qualification spots have been filled for the london olympics another team will surface after it when's the european championship in poland next month russia considered hot favorites at that event along with the defending champions france plus and of the continental powerhouse spain. it's hard to say who will make it into the final and who will hopefully become all rival whether it's strong spain or the czech republic can't be written off either and we'd love a rematch after the world championship lost but basketball is moving food everywhere these days becoming more or less a cool i'm no team has any secret technologies still i believe the teams i mentioned will be the key opponents in contrast to the management the core of the
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team has remained intact over the last few years their roster is quite impressive with the two thousand and eight olympic bronze medalist and two thousand and seven european champions all present one of those is that line i brought into who was picked team captain. moments before she came out to speak to r.t. usually a year or two years for the olympics if you win it's you know eighty percent going to make it's so as long as you stay healthy and you know you're in good shape you can make those it's him but for us we have to call it by throwing picks first and obviously it's our dream everybody's hoping to get along in a couple of days after this training camp and i'm off to region russia will be traveling to the czech republic where he will certainly go for a couple of days and then he will be back here in moscow reagents the first there for the european championship which will start on june eighth seed in poland and russia will be hoping to go to plan for the london olympics in twenty told in the first place markoff regard to discourage and. now its legs courageous saying bob is
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going to make his season debut at the golden goal meeting in rome this week the world's fastest prince's due to compete in his first one hundred mates or a sense losing to tyson gay last august a victory that have the gold still here in britain streak the jamaican superman was forced to withdraw last season due to a careless stand and problems but equating to both himself he is fully recovered now and in good shape although a bit nervous i'll try lengthy email. probably is never a person. i would say for the first time a bit nervous because i've been so long but i've been good in training the other team has been coming back slowly but surely so for me i'm just looking forward to going out again competing just to see a bit to get stories without injuries a thing for me is just i would just get into the series where i should be ok. tiger woods will miss next week's european p.g.a.
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championship due to injury bob a former wild best is hoping to take part in june that janelle it's a meant he also cohosts was ranked well as of monday sounds a so keen on but saying jack nicklaus's record of eighteen major titles. well that's certainly that's one of the things that drives me in this game is that that eighteen is our our benchmark our sport i mean it's no one's played a major championships better than jackass and you know i think i've had a pretty good run of fourteen and i think fifteen years is nothing but. looking forward to the future and it took jack over what twenty four years twenty three years to do what he did. i mean while has won the players' player all their awards they signed it saying he was p.g.a. champion and a madhouse all the rankings for a while he's preparing for another battle the world number one status either him no donald or the westwood could move tall by the end of the week following the
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european p.g.a. championship at. you when you come in you don't want if you win so he wins so i just tried to play just always leave and always going to win in my career. i have no idea what you get but i try to come back every year to raise a child in sunday afternoon you know that this overhaul of the european tour will be nice to see when you one day and that was this ball for this hour coming up next the while the. issues that so much do you think is the time to mark the top speed for talks u.s. president barack obama's most recent attempt to broker a peace settlement between israel and the power.
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