see. you just showed is a very well welcome this is aussie commissioner from the russian capital to the twenty four hours a day top stories this hour president obama meets his british counterpart to reaffirm their common foreign policy goals including a commitment to ousting libya's colonel gadhafi from concerns grow the two nations of the only ones benefiting from their joint military ventures. france's finance minister in fact probably even the u.s. enters the race to become the next head of says the so-called brics countries which include russia call for a selection process for the world's top bankers to be based on merit not from

nationality. protestors in georgia push harder for president sarkozy really is resignation with thousands taking to the streets of the capital for a fifth day they demand an end to the rule of the government that they called undemocratic and corrupt. well 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 are once again enjoying the high life others remain out of work struggling to survive he's been talking to investigative journalist about study who explains how banks have escaped scot free. to 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 of awaits and the events that happened after him 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 in those 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 that really they 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 of wall street they're kind of wondering when you know the you know that she was going to drop 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 are very themas case and you've been saying that the reason he ended up being you know one basically the only one who ended up in jail so 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 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 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 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 or 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 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 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 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'll 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. care much about homelessness joblessness and all that mess they've created but why don't all its missions really make more of an effort at this point i mean it's been enough time over two years so going 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 and millions of people at a time are going into foreclosure 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 once very affluent so i 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 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 you know who would be interested in changing that will voters say apply basically have the ability to make those changes they have to have the ability to not choose politicians who argue hold on the 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 party is 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 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 because i still 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 or 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 running 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 the take us what kind of a really situation does that create of the us and who is supposed to kind of revamp . 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 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 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 in the media the problem is systemically. they're never going to be able to get and 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 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. get their issues in front of the right politicians and get real change. made do you think a crisis of oh wait wasn't big enough is that just the beginning should we 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 they will have to do something worse before they are they going to 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 on research on this a little bit why isn't this money being put into cleaning factories opening up you know manufacturing jobs really picking up the middle class back up from its knees.

that's just not the way. he american political mainstream thinks i mean you would feel if you look at the what happened when obama passed to the seven hundred billion dollars stimulus that was ostensibly to create jobs and it was it was a government program to help put people back to work there was an enormous. outrage at the idea that the government has any business trying to put people back to work on the other hand when we spend ten or fifteen times that building out wall street after two thousand and eight. there was nothing like the same kind outcry or when we spend a comparable amount of 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 outrage you call the was 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 wasn't 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 in if you look at it in a rock 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 is through is to keep these things going into that have a presence and that region i think it's political inertia at this point and 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 that. gana stan is 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 reason we're there is that oh 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 scientists scientists sometimes.

market trying to. find out what's really happening to the global economy with mike stronger the no holds barred look at the global financial headlines tune in to congress report on our. top stories this hour naughtie president obama meets his british counterpart to reaffirm their common foreign policy goals in their commitments or else think libya's colonel gadhafi concerns grow the two nations of the benefiting from the joint military interventions. france's finance minister backed by the e.u. and the us enters the race to become the next international monetary fund since the so-called brics countries which include russia called for selection process for the world's top ranked job to be based on merit and nationality. protesters in georgia push harder for president saakashvili his resignation with thousands taking to the streets of the capital for a fifth day taking all of the men to the rule of the government but they call on

the democratic and corrupt or those stories and other developments with me in fifteen minutes from now in the meantime which is next with news. welcome to sports day great to have you on the start as always with the headlines. express delivery roger federer and me disposes of the local favorite marks here said of third round clash of young people today which are grown girls. but also arrived in london a day earlier they continue their preparations for saturday's champions league final against manchester united. and recognizing excellence for the latest edition of the cage shower was the best performers in the past season. with tennis and roger federer is for it in the third round at roland garros for

a comfortable straight sets victory against not seem to hear of a third seed was really troubled in his mind sure the home favorite as was cruised to victory in just. six pretty six love sixty of a final score but further on when i face the wall number thirty two the city. will swear me call usually defeated kazakhstan's makhaya. number twelve seed wrapping up for when they in straight sets and got under a vote placing a much sterner test he's a send down of moments against home with a bridge or wilfred song called world number two novak djokovic which has won his first lunch in a row after his opponent and in school was forced retirement. eating three. women's world number one caroline wozniacki is over so fruit after a tough sprint sense of victory against alexander was near and then taking control by winning the opening sentence three all rocking things are in the center and six

three seven six as nancy remains on trying to move past the quarter finals the. the french open first time in her career. just one match at the 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 the only place. we just see her next match will be another tough one. and hopefully i can i can pull through. two thousand and nine roland garros champions for atlanta because it's over demolished her remaining opponent six one six one in the score and one thought such good news though for the good of the chairman who was sent packing and. you're really going to reach out to see a problem change about one her encounter against the german and more. while russia zero so what are we always know about another germans being led see it's for your.

own moving on to a full blown serious crime moscow in action against your soviets of where or when they are new and could put them level on points would look at the top of the russian premier league table this is getting off perfect status because. he's a member leadoff and he said a minute a japanese midfielder doubled his sides of vantage on the stroke of time to make it to no. international zone for should she added another goldwasser vides in it making it three nil and they're playing injury time there at the moment. before f.c. barcelona and london catalans arriving for their champions league final day earlier than planned. in iceland probably original plan had been to travel to the u.k. on thursday but one just decided to avoid unnecessary travel headaches for players checking into their hotel on wednesday morning so it is fine will be a rematch of the two thousand and nine decider in rome where the likes of the messi and the rest of his squad be united on the same coach the all of. those such

travel problems of over one hundred united is very continued to prepare for what is arguably their biggest game of a c. tries ferguson doesn't have any major injury headaches ahead of her mind she does have a few decisions given him the death of his squad how about ponselle scott's biggest hassle we had to stop the insulin is we are messy and so is his own as i can cause the cattle on some problems. there's always a solution to. every good. job we can for the solution before. we also. have all the good players and we have all the group wears. as well. because i'm sure. we can offer. north korea's. more thought was world governing body feet or is facing yet more embarrassment

after allegations of bribery were made against president jack warner and presidential candidate mohamed bin hammam a fee for investigating the claims may boycott blazer general secretary of a conqueror federation the organization said the allegations related to been meeting with our caribbean football leaders two weeks ago in warner's native trinidad to lobby for support a scandal comes just days ahead of a small scumming baldies presidential elections which will see it being a mom run up against the incumbent favorite said blanche all these latest allegations are likely to break the sorry national's hopes of becoming the ranks of president which have been rapidly fading over the last month. i am giving myself a fifty percent. chance as. the winner of this of the persons to be grown he is going to be not going to go this is not cool you know again as one who

has and and is the most well known though you also look at people who are looking for the changes that will work for the new ideas. russian hockey fans will have to wait until the autumn until the new cage all season gets underway however not all the leagues players have managed to get on their summer holidays just the ends. of the competition's award ceremony to decide who were the best in their respective fields over the last season probably going on as more. this sticks have been consigned to the locker room and no it's time to party take a chill third season's over with who's on the ice putting pas differences behind them however there is still one score left to settle who will be crowned the best of the best back is very intense. physical sport sometimes you just don't survive to get to the show so glad to be able to join if you are always fun and. the three time stanley cup winner sygate

holder 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 queue chill this year. will be part of it. i think a good season good way. to play those minutes not very big minutes but some meds exceptionally well and he's horrible at your board also special. i wish him best of luck he's prediction came true it was the earn the title of the league's best ruki a nineteen year old winger showed his ward in the playoffs scoring couple of goals as he held the still makers reach the eastern conference finals before eventually being stopped in their 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. mr gifford out of my teammates again 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 an old friend that's great pleasure. moving from the office to the netminders as there can be no good team without standing men in between the pipes and much of a. one success this season has been down to constantine brought in to play the huge role in getting them to the good bar in cup finals and along with proving to be the league's best the only the twenty six year old managed to become the number one in the russian national team in the twenty one world championships but the history he 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 because. rigor was the man who inspired an

average looking up one side all the way to the garden club decider although he didn't manage to clean the kitchen his biggest prize it was enough to claim the best coach award somebody. i'm glad i cheated the success with the club where it started my career in russia i have had great support from everybody and i would like to share this award with every single player of my team and everybody who works for atlanta. the final award was the evening's most prestigious this isn't the most valuable player or the second straight year it went to slovakia less forward aleksandr the rubble of the season with a stunning ninety eight points. on r.t. moscow. funny russian wire from fans will get to enjoy a free more years of watching old as i've said of the two thousand and six and two thousand and ten olympic gold medalist back tracking on her retirement announcement

saying she's going to keep on competing until two thousand and fourteen because i recently celebrated thirty third birthday was one of the few bright spots from russia's disastrous vancouver olympics last year called mail for my six kilometer relay and a silver in the one five kilometer. collection in canada for russia's national team coach. was assigned plates or run of results of the two thousand never more championships and come from one sees as i said chino feels reenergized taking time off total a year. to. make last season was very difficult for everyone on the team myself included that is why not just my retirement have to consider in august now that i was able to get some rest ara can see don't continue my career until twenty fourteen one of the most important factors was my desire to mantra and support the op and common inexperience stars and the leader of the team decides that i've still

got plenty of individual girls in this sport and consequently found that it was too early to leave the g.m. were robbed of a bill going to be here with the headlines for us and the author of. cultures that so much there's a huge music issue i. can't speak for talks u.s. president barack obama's most recent attempt to broker a peace settlement between israel and the power stadiums fault.

today violence is once again flared up. these are the images the world has been seeing from the streets of canada. trying to look for asians are all day.