tv [untitled] May 25, 2011 2:30am-3:00am EDT
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omissions for you. to. come back here with here's a look at the top stories as president obama pledges with his british counterpart to increase pressure on believe in europe there's growing opinion on the defense of tandem has changed the offensive by only increasing conflict zones. salvos of georgian professors press harder for president's daughters really to resign as many of the country's struggle with jeff and corruption. the war in the middle east moves from the front line to online as palestinians and israelis clash over facts on with media. the financial crisis of two thousand and eight hit america hard but
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some a lot worse than others in fact many of those that caused 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 always sit down with investigative journalist matej be who explains how banks have a skate scott free. party sitting down with author investigative journalist and contributing editor to rolling stone magazine. 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 awaits 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 has moved
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on certainly from that whole extravaganza and yet we have millions of people left basically to meant for themselves what do you make of all but 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 goes and pressed 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 and all there's really been no law enforcement whatsoever and i think that's something that people are talking all about a lot on wall street they're kind of wondering when you know the you know the sure is going to dry up and i personally am hopeful that they actually will do something it's just it's too late but it's at least it will come eventually going to the nothing right now it's interesting that you've been pointing out that you know bernie madoff the ponzi scheme are very themas case and you've been saying that the reason he ended up being you know basically the only one who ended up in jail so
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far for a 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 you know made off was a good target for a couple of reasons number one. he really had nothing to do with the systemically corruption that led to the crash of two thousand and eight he was. just the street criminal who could have existed in any time period and so he was unconnected 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 at the big banks for instance there was that and then of course the fact that his victims were actors in hollywood and other than other people in manhattan and wall street. that was really the reason why he ended up getting picked it's been over two years and
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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 start 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 that 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 people on wall street look at that and they say hey if i rip off you know my pension fund or insurance company or a foreign bank. or foreign hedge fund there will be absolutely no consequences
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basically the only lesson they've learned is that they can do anything and get away with anything and that's just right and even if it all 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 be bankers are not going to care much about homelessness joblessness. 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 one payment or out of 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 and this is becoming
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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 they're losing their houses they're losing their life savings but i think the 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 so you've got 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 that who has the power to do it who has the force to do it you know who would be interested in changing that will voters say in obvious we have
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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 that all street heavily sponsors both the republican and the democratic parties so automatically no matter who becomes the front running candidate for the presidency is going to be a creature of wall street if you look at barack obama who i personally admired her on during his campaign of two thousand and eight but if you look at 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. no seriously 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 it's people are obviously understanding at this point that democrats and republicans are different sides of the same coin
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why not just them they don't know really because. i think your average american does doesn't see that i think you're right you know ordinary people are very seduced and mesmerized 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 three ality is their differences are mostly superficial and on the important questions of how the economy is running how to regulate the economy they're exactly the same but i don't think ordinary people know that what the village between the media and washington 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 ass and who is supposed to kind of revamp at this point people who have this image of. american news media as
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being. some kind of top down corrupt good energy that is pumping out propaganda that's not really the way it works 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. left versus right in 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 does that create you know if what you're saying we have washington out to please wall street wall street out to make profit these corporations and the mainstream media out to make profit who is out
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there to do something to you know maybe do something for the american people for example they need the 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 get take 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 to move them off their commercial model and i just don't see that happening so real change is not coming anytime soon i don't see it i mean i think you could have incremental change and i think you know if there are a big enough crisis 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. made using the crisis of oh wait wasn't big enough is that just the beginning should be kind of
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expect something worse to happen you would have thought that that would have been big enough for me you would have expected a crisis of that magnitude would have motivated to government to make significant changes but they really didn't i guess it will have to be something worse before they are late you know 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 in research on this a little bit why isn't this money being put into creating factories opening up you know manufacturing draw. really picking up the middle class back up from its knees . that's just not the way. the american political mainstream thinks i mean you would feel if you look at the what happened when obama passed a seven hundred billion dollars stimulus that was ostensibly to create jobs it
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was it was a government program to help put people back to work there was an enormous you know coast to coast out reject 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 of 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 idiotic 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 outreach we've always idiotic why do you think you know the politicians see that what does it 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 a clear long term plan to go into this country.
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and went in there with their eyes wide open if you look at it in 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 that is to keep these things going into 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 remain reason that we're there is because the democratic party views afghanistan 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 like the iraq war so look here we are in afghanistan we're tough that's really the only
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brighter than if you move on some from phones to pressure and some. stunts on t.v. dot com. as president obama pledges with his british counterpart to increase pressure on the levy and leader there is growing opinion that the fans of tandem has changed the offensive by only increasing conflict zones. thousands of georgian protesters press harder for president's office really to resign as many in the country struggle with objects and corruption. the war in the middle east moves from the front line to the on line as palestinians and israelis clash over facts and with a pedia. also have alliance with natasha.
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thanks maureen i have all come to support live on r.t.l. top stories safely through what is shot up of our apollo dollar and the mari all because there are places in the second round of the french open box on evolve that she's out in the open to stage. a race against barcelona russia gets along the head of the challenge is making the nod it. originally planned. and former russian hearing sounds he's happy in his current role as sticky manager and has the international taking over at chelsea. might be a shot up of a place in the second round of the french open on tuesday following a straight sets victory against gracious mariano the russian who is looking to add when the french open for the first time made an excellent start taking the opening set by six games to three and she continued her form into the second and shut out what would go on so when the line isn't the only person to take the set of golf and
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wrap up a tree in less than one hour she will now play carolyn girl c.e.o. for the next round. of beginning because she started off serving really big and i didn't get too many looks on conserves and i and once i got a good rhythm. and started playing better and better so it's a good way to start first rounds always a little tricky so she when you don't know your opponent to. no such good news for another russian girl of this new are well kim clijsters a safely through a stranger but in five years the belgian having few problems against and especially the more. i was excited to go out there and i felt that i was moving good i was you know playing aggressive tennis you know there's obviously a few little. few little things that. have to be better every match and i prayed. the first i've sat in the women's draw meanwhile so for
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a lot of girls trampled on the advantage go out to serve crashing to feed to sweden's your honda larsen the mother which had dropped the person before hitting back well to take the second to love and send the match into the side of but it was last minute stronger taking to third six two to beat the second round meeting with russia as you could see the haka. on the men's side five time champion rafael adult was taken to the limit by american john these are before the spaniard eventually prevailed in five sets the world of what has been his dominance els won the red clay this season losing twice the local georgevitch in the build up to a longer all it's proper to opening said by the big serving american back to take the next couple of sets on tie breaks the defending a lot of girls champ however had enough for his soul to grind out american five sets victory six four six seven six seven six two and six for the final score in this four hour match. elsewhere andy murray sent another local favorite
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planking by disposing of very pro dawn in straight sets the french better label to put up much resistance against the four suited scott losing in straight sets murray clearly a colossal bargain that six four six one six three victory the twenty four year old now faces a town in lucky loser cmon boy living next. to more russians were involved in first round action on tuesday eager to commutes and will be leaving paris early after going down to german florian miree four sets of meanwhile to belgium's savia malise to the limit but also failed to prolong his paris losing in the five center. in football barcelona are in london become clones arriving for the champions league final with manchester united at the earlier than planned due to the volcano eruption in iceland their original plan was to travel to the u.k. on thursday but manages it is decided to avoid unnecessary travel headaches the players checking into one of london hotels early wednesday morning some of these
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final will be a rematch of the two thousand and nine decider in rome when the likes of leo messi and the rest of the school beat united under the same coach that. in the meantime former russia had coach bruce heating says he's happy in his current role as to the manager despite being linked with the vacant chelsea job off the car launch a launch he was sacked the dutchman is committed to his role until the end of the twenty twelve european championships however things haven't been going well for the sixty four year old so far and the defeat of belgium in two weeks' time and their hopes of making those finals getting sassy is not ready to take the chelsea job yeah but perhaps one unlikely choice could be the boss. with an english newspaper saying the forty year old russian is on a four man shortlist. now in basketball miami are 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 and he beating the
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bulls in game three or one hundred one nine hundred three over time bron james leavitt has with thirty five points a game five is in chicago on thursday. now staying with basketball with the london olympics a little over a one year away the russian women's team are hoping to qualify for the games at the upcoming european championships and among course there are reports on how preparations are going. 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 listed 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 that same 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 optimistic about
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the team's chances we'll see off of the championship and the results will be good and not good you know. with the lies of them. make some of the decisions but at the moment is the culture of the russian women's national team and we hope we can coaching the team and with basting we can just. top of results because. at the moment only two of the twelve qualification spots have been filled for the london olympics another team will surface after it wins the european championship in poland next month russia considered hot favorites at that event along with the defending champions france plus and other continental powerhouse spain. who are it's hard to say who will make it into the final and who will hopefully become all rivals whether it's france spain or the czech republic and a ruse can't be written off either and we'd love a rematch after the world championship last. moving food everywhere these days
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becoming more or less equal and no team has any secret technologies but still i believe the teams i mentioned will be the key opponents in contrast to the management the core of that scene has remained intact over the last few years the roster is quite impressive with the two thousand and eight olympic bronze medalist and two thousand and seven european champions oprah's it's one of those he's spent a lot of abroad sing about who was picked team captain moments. before she came out to speak to our cheek usually a year or two years for the olympics each year and it's human eighty percent going to make the olympics so as long as you stay healthy and you know you're good shape you can make go it's not for us we have to call if i fall into it's first obviously surgery and everybody's hoping to to get along now in a couple of days after this training camp and across the region russia will be traveling to the czech republic or it was thirty minutes now that's going to last for a couple of days and then the team will be back here in moscow region suppressed there will the european championships which will start on june eighth seed in poland and
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russia will be hoping to qualify for the london olympics in twenty twelve in the first place remark offer of r t moscow region. now it's legs great you saying ball is going to make his season debut at the golden goal a meeting in rome this week the world's fos the sprint is due to compete in his fast one hundred meter race since losing to tyson gay last august eighty three that added balls to your unbeaten streak the jamaican superman was forced to withdraw last season due to a killa stand them problems to baltar himself he is fully recovered now adding good shape although a bit nervous after a lengthy layoff probably is never a question. i would say for the first bit nervous. and so i've been good in training everything has been coming back slowly but surely so are for me i'm just looking forward to going to get a call. just to see a bit to to get it out the injuries of for me i would just get into the series but
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i should be ok now in golf tiger woods well missed another couple of weeks to train journey but he's hoping to take part in june as here is so fun and eighteen nineteen national atonement he also cohosts the former world best currently ranked well he still can on beating jack nicklaus' record of eighteen major titles. well certainly it'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 for the future and it took jack over what for twenty four years twenty three years to do what he did and more golf news martin kyra meanwhile has wanted players play a role they are toward the two thousand and ten u.s. p.g.a.
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champion and the man who taught the rankings for a while is preparing for another battle for world number one status either hamlet donald or lee westwood could move top by the end of the week following the european p.g.a. championship at wentworth you when you come in you know you can see the winds so i just try to play this always even to always want to win in my career. and i haven't won here yet but i try to come back every year to raise the trophy and sunday afternoon you know that this is our home the whole of the european tour it would be nice to see when you won. and that was the sport coming up shortly the news headlines with marina but first let's have a check on the weather. question is that so much given to you to be finished in time on the mark when tom speaks the more talks u.s. president barack obama's most recent attempt to broker
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