largest country in the. disintegration of. what had been. many to teach began a journey. where did it take. it's now a six thirty pm here in the russian capital you with a hot seat a recap now the top stories president obama meets his british counterpart to reaffirm their common no foreign policy goal simply make commitments to ousting libya's colonel qadhafi but concerns grow the nations of the only ones benefiting from their joint military ventures. prances a finance minister backed by the e.u. and the us enters the race to become the next head of the i m f that's as the so-called brics countries which include russia call for a selection process for the world's top three based on merit and not nationality.

and protesters in georgia push harder for president saakashvili suppressive nation for thousands taking to the streets in the capital for a fifth day they demand an end to the rule of the government which they call democratic and. now the financial crisis of two thousand and eight hit america hard but some came off a lot worse than others and while many of those responsible for the collapse i once again enjoying the high life others remain out of work struggling to survive he talked to investigative journalist matt taibbi who explained how banks have escaped scot free. she's 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 waits and the events that happened 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 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 that 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 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. 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 well street they're kind of wondering when you know the other 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 better than nothing right now it's interesting that you've been pointing out that you know bernie madoff the ponzi scheme our very famous 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 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 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 maybe this was a good target for a couple of reasons number one. he really had nothing to do with the systemic corruption that. led to the crash of two thousand and eight he was just a straight up criminal who could have existed in any time period and so he was unconnected to all the 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 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 you know 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 call the bailouts with the lack of law enforcement a 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 a pension fund or insurance company or 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 even if it blows up even if we did 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. care much about homelessness joblessness and all that mess they've created but what i don't call attention is 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 becoming a mainstream thing 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 their entire experience is limited to a very small circle of people who see a very different america one that's very affluent to seek out 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 are what can really change that who has the power to do it who has the force to do it and you know who would be interested in changing that whole thing will voters love easily 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 is going to be a creature of wall street 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 of third parties you know is that even an option or is that never going to happen in this country. it was 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 this point that democrats and republicans are different sides of the same coin why not just then they don't know really things. i think your average american does doesn't see that i think 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 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 yukon is right and how to regulate the economy they're exactly the same but i don't think ordinary people 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 the media at this point people who have this image of. american news media as 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 a sort of nihilistic. purely for profit entity that is just 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 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 they need 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 and take hold because the forces that work or are 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 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 to get their issues in front of the right politicians and get real change. do you think a crisis of oh wait wasn't big enough is that just the beginning should be kind of expect something worse to happen well 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 the government to make significant changes but they really didn't i guess it will have to be something worse before they before they 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 poured 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 you would feel if you look at the what happened when obama a pass to the seven hundred billion 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 you know coast to coast outrage at the idea that the government has any business trying help people put people back to work on the other hand when we spend ten or fifteen times that feeling out of wall street after two thousand and eight. there was nothing like the same kind outcry or when we spend a comparable. 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 outrage you called always idiotic why do you think you know the politicians fail to see that what is really you do you think the underlying

purpose of libya for example for you libya i don't know i mean i think this was and this was in a situation like iraq where the united states had a clear long term plan to go into this country. and went in there with their eyes wide open and if you look at their rock in afghanistan and to me those are much more. indicative of what we look for in 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 ever going to cost one hundred two hundred billion dollars a year and there are the official policy of the united states is through 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 main reason that we're

there is because the democratic party views us. ghana stand as our war and 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 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. wealthy british style. is not on the.

market why not. come to. find out what's really happening to the global economy with much stronger for a no holds barred look at the global financial headlines tune in to cause reports. the headlines are on our t.v. president obama meets his british counterparts to reaffirm their coming of foreign policy goals including their commitment to ousting libya's colonel qadhafi but concerns grow the two nations are the only ones benefiting from the joint military venture. france's a finance minister backed by the e.u. and the us enters the race to become the next head of the i am half the size of the so-called brics countries which include russia call for a selection process for the world's top bank job to be based on a merit and not national. protesters in georgia push harder for president saakashvili is a resignation with thousands taking to the streets of the capital for

a fifth day they demand an end to the rule of the government which they call undemocratic and corrupt. time now for the sports with richard. oh and welcome supposed a great to have you with us as always with the headlines expresses every roger federer a disposes of local flavor not seeing it here so that's a third round clash will be on corporate side here which are growing. barcelona arrive in london a day early as they continue their preparations champions league final against manchester united. on lightning strikes again in the world's fastest man also in bold will run first time since august the golden goal in rome later this week. is probably tennis and roger federer and spurs preferred round and round. them all

straight sets victory against not seen well first seed was really trouble as much favorites as a swiss cruise the big three just under an hour and a half six three six lob six through the final score where. better and when i face the world number thirty two serve is an uncle tom sedley a bitch in the third round. when we call usually is taking on kazakhstan's make. up of moments with one set of good youzhny all of them a warning that sank and a little later on the eve one hundred four play another home favorite leaving home crying arrangement there were the song paul number two no doubt george mitchell has just come on the way against victor and it's very early in the first set back in this one one. meanwhile williams world number one caroline wozniacki is also

through her top a strong sense of victory. again taking control by winning the open sense that spring before wrapping it up in a time breaking the second six three. seven saints was announced the remains i'm trying to move across the street from entry level stall and her career. just one matches a time we have to see how it's going to happen. and i think i've done great results on clay so far this year. i'm feeling comfortable confident on the clay so we'll just see her next match will be another tough one. for. you all the two thousand and nine roland garros champions would want to. remain an open and six one six one to score and not one of the struggled running from the all for an encounter are going to get any younger age russian resing out in straight on to save polishing gold want her encounter against germany's want to take in the

first. one race and writes world war three russia's bid as one of the all of the on the no german side b. c q. when we go into football and i see boss alone or in london look after one's arriving for the champions league final with a day earlier than planned the juju of all kind of corruption in iceland well the original plan had to be the troubles of the u.k. on thursday decided unnecessary travel headaches for the players checked in on wednesday morning as rhino will be a reminder of a two thousand and nine decider in rome once the enormous c. and co united on the same coach. travel problems both for manchester united is vacant he knew their preparations for us all to believe their biggest game of the season so it's ferguson doesn't have any major injury headaches ahead of the game but he does a face a selection headaches of his squad. biggest test will be hard to.

see ferguson says his own attacking players can cause problems. we can vary the solution for. well and so. we also. have all the good players and we have other viewers and that's why it's such a. game. because i'm sure. we have the players that we can all of. the kids. world governing body for is facing yet more embarrassments harper allegations of bribery went against the vice president john warner and a presidential candidate mohamed bin hammam wealthy for investigating the claims made by a child glazer general's pre paid aeration the organization said the allegations

related to a meeting with twenty five caribbean football leaders. around three weeks ago when one is made to try to lobby for support of a scandal countless days ahead of the sport's governing bodies presidential election which seems been run off against the incumbent and favorite central and south all these latest allegations and regulatory nationals hopes of becoming the next president of peta which have been rapidly fading over the last month. and given my symptoms two percent. chances and i know this is the person it's going to be that go on their own that is going on be not only know that i did not do you know complete beginners one who is in the embassy or so long the idea is also a lot of people are looking for work all of the changes are going to work for the new ideas the russian hockey fans will have to wait until the autumn and so when you cage shell season gets underway how are mobile leagues players have managed to take their holidays just yet as

a select few attended the competitions awards ceremony to decide who are the best and their respective fields of last season. this sticks have been consigned to the locker room and no it's time to party like a chill third season's over with those who's on the ice putting paws differences behind them however there is still one score left to settle who will be crowned the best of the best like you say in sanskrit. physical sport sometimes you just don't survive to get to the shoals song i'm glad to be able to join you and it's always fun and big on. this free time stanley cup winner sergei fielder of is one of the most talented players the russian hockey has ever produced and he was one of the best known to us who has emerged as the most promising russian player in the kid chill this year live from under the morris piled on awful

being part of his show i think a good season he played ideas for a while and he played those minutes not very big minutes but some ads exceptionally well and for a while you're bored also especially well so i wish him best of luck he's prediction came true it was bubbles didn't know earned the title of the league's best rupie a nineteen year old winger showed his worth in the playoffs scoring couple of goals as he held the still makers reach the eastern conference finals before eventually being stuck in the tracks by the government cup winners slovakia life nevertheless it's been a dream come true for the north to play with one of his heroes here mr gifford of my team mates a gay father of has been doing his will to shay's vast experience with me during both the training sessions and games he treated me as no friend of the straight and

little accomplished. moving from the all fans to the netminders because there can be no good team without an outstanding man in between the parts much of. non-success decision has been down to constantine bottle and played a huge role in getting them to the brink of poynings and along with proving to be the league's best goalie the twenty six year old managed to become the number one in the russian nation team in the twenty eleven world championships figure you simply should never be satisfied with yourself every netminder still has some aspects to improve on i'm not different i will keep working hard with my personal coach to become an even better goaltender woody. communist regime was the mention sport and every shooting up one side all the way to the garden club decider although he didn't manage to clean the cages biggest prize was enough to claim the best cultural ward in the city a company. i'm glad i did she decide to take

a little bit like where it's already in russia i have rights for everybody and i would like to share this award with every single player like kenya and everybody who works flatlands all the fun award was the evening's most prestigious this is the most valuable player for the second straight year he went to slovakia less bored alex somebody rather look this isn't with a stunning ninety eight points robert well known r.t. most of us. i'm a hard worker my only one step away from making the n.b.a. finals are taking a solid afraid someone lead and that best of seven series for the chicago bulls overheats reasonable game four hundred ninety three in overtime james strong behaved with thirty five points out the shutdown very grows on the other end of the floor. i'll take part of the first really doesn't matter who it is their roles or you know start off. you know as it is whatever it takes for myself and for

a team you know and if that means me but it is of minutes daryn de rose that i'll do it you know i don't have a problem with that play both sides before i love the differs. much more than i do or physically. just a product or flaw. takes on the same goals is getting ready to make his season debut at the golden dollar meeting in rome later this week and was cautious springs a complete surprise one hundred meter race and losing to trying some day last oldest to feed one hundred twenty year on the jamaican superstar was forced to withdraw last season true to an achilles tendon problem but according to a bolt himself fully recovered and in good shape come on her little bit nervous for a lengthy layoff. probably is never of course. i will say. that nervous because i've been so long but i've been doing good in training the other

team has been covered by slowly but surely so for me i'm just looking forward to going to competed just to see a better way to get through without the injuries the thing for me is all about just getting to the serious but i should be ok all right today more sport coming up in around the truss time as they change our table is coming up next on tour is going to be over headlines. hungry for the full so we've got it first hand the biggest issues get the human voice face to face with the news makers on our teeth.

well fluently. bringing you the latest in science and technology from the realm. of the future covered in indonesia available in the ground shirts and. the ritz carlton hotel hotel. in china you can see censored rocks hotel not count.