go below the g eight summit on r.t. . for the full story we've got it for the biggest issues get a human voice face to face with the news makers. with you twenty four hours a day this is r.t. live here in the russian capital top stories this hour president obama meets his british counterpart to reaffirm their common foreign policy goals including the commitment to ousting libya's colonel gadhafi concerns grow the two nations of the only ones benefiting from their joint military ventures. france's finance minister backed by the e.u. and the us enters the race to become the next international monetary fund head that says the so-called brics countries which are people rushing call for selection process for the world's top bank job to be based on merit not nationality. and

protests is in georgia push harder for presence of his release resignation with thousands taking to the streets of the capital for a fifth day in london into the rule of the government that they call 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 many of those responsible for the collapse are once again enjoying the high life others remain out of work struggling to survive without even talking to investigative journalist matt taibbi who explained how banks have escaped scot free especially to me next. so 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 garge 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 on certainly from that whole extravaganza and yet we have millions of people left basically to men for themselves what do you make of all about 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 the person 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 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 better than

nothing right now it's interesting that you've been pointing out that you know bernie madoff the ponzi scheme are very famous 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 impact of people who don't really have a voice you know that i think that's absolutely the case has been made off 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 who is your anger directed at that whole attitude of well it's already over let's not bother going back and stirring up you know the hornets 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 a foreign bank. or 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 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 why don't politicians really make more of an effort at this point i mean it's been enough time over two years we're 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 our own payment or out of your house foreclosed upon. 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 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 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 obviously 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 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 third party is you know is that even an option or is that never going to happen in this country. 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 you know if people are obviously understanding at this point that democrats and republicans are different sides of the same coin with why not just and they don't know if it's still i think your average american does doesn't see that i think. 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 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 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 of the us and who is supposed to kind of revamp 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 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 and 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 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. you're never going to be able to get and take hold because the forces that 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 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 the 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 you would have expected a crisis of that magnitude would have motivated the government to make significant changes but they really didn't like 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 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. 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 was it was a government program to help put people back to work there was an enormous you know coast to coast outrage of 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 of 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 eoghan bloody wars of conquest in faraway places when we spend enormous sums of money on investors like that again there isn't the same kind of outrage you have always idiotic why do you think you know the politicians fail to see 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 wasn't 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 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 ever going to cost one hundred two hundred billion dollars a year and they're the official policy of the united states is this to keep these things going into it have a presence in that region i think it's political inertia 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 us. gana standards are war and it's their way

of going into 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. for the. tomorrows choppers come to moscow with dashboards digitized radar upgraded and automated guided by gyroscopes propelled by powerful new agents russian voters radio will let. the future cover. twenty years ago in the largest country in this situation.

which had been trying. to teach began the journey. where did it take. for this our naughty president obama meets his british counterpart to reaffirm their common foreign policy goals including their commitment to ousting libya's colonel gadhafi concerns grow the two nations of the only ones benefiting from their joint military ventures. process finance minister pact by the e.u. and the us census the race to become the next international monetary fund head that says the so-called brics countries which include russia call for a selection process for the world's top ranked job to be based on merit nationality . and protesters in georgia push harder for president has been his resignation with thousands taking to the streets of the capital for a fifth day and not an end to the rule of the government then called democratic and

corrupt. lobby about when the news bulletin in full for you about fifteen minutes from now right now it's time now for the world of sports with richard stay with us for that. hello and welcome source of a great to have you with us we'll start with that once expressed delivery roger federer a easily disposes of the local flavor it must seem to set up a run clash with it's a live it should run and. barcelona arrive in london a day early they continue their preparations for saturday's champions league final against manchester united. and recognizing excellence from the just addition occasional awards that's performers in the past season. and roger federer is proof of a third round at roland garros after

a comfortable straight sets victory against mark seem to accept all third seed was really troubled in his mind favorites as this was cruised the victory in just an hour and a half six three six one six two the final score better on when i face world number thirty two younger to play the. whole swerve me call usually defeated kazakhstan's. in the top seeded routing out the winning straight science eagle andrea vo couldn't get past joe wilson tsonga the russian crashing out in straight sets just over two and a half hours while wallace who knows i'm jogging majors on a spiritual person i'm sure in a row has a plan in place and in school a school for its. problems well number one caroline wozniacki is also through a straight sets victory against alexander avoids me on training so you can control my winning the opening sensex free and wrapping things up on the break in the second six three seven six holes reality remains on trying to move past the quarter

final stage of french open first time in her career. just one match of the time we have to see how it's going to happen. you know i think i've done great results on clay so far this year and. i'm feeling comfortable confident on the clay so we'll just see how next match will be another tough one. hopefully i can i can pull through. in well two thousand and nine roland garos championship on because it's all been demolished her remaining opponent six one six one the score not long on such good news both for video to share when i was sent packing in the straights and surprise in any younger age and i see if i would change about one her encounter against the german on the. wall rushes nero's one of you always know a battling another the germans have been the seed see the level of the setup piece and it's currently five in the decider. because of. moscow have grabbed

a share of the overall leader like a nazi of moscow in the russian premier league they all women rising to the top of the table after beating korea so he has a free no over in samarra the visitors got off to the perfect starts. his souci found. the lead on paper and said minnie is wonderful take the cake. and the japanese really feel for all the sides advantage on the stroke of half time to get to know them by compromising on the stake in the smaller planes. so internationals on course each had another goal from asteroids five minutes from times but you only see on the cake. very well so they can go all the remaining in last place he said to her to test the chances stark contrast of a new russian cup win is never easy once you look at my t.v. at the top. i see barcelona meanwhile in london macaffer lions arriving for the champions league final with munch tonight about a day earlier than planned curator of all kind of corruption in the insulin or your

original plan was to travel to the u.k. on thursday but managers deciding to avoid unnecessary travel headaches players checking into that hotel on wednesday morning for some of these calling know will be a real. the two thousand and nine decider in rome was the enormously in the rest of the squad reminded of the same coach paid one dollar. travel problems over manchester united as they continue to after what is arguably biggest game of the season around explodes and does not have any major injury headaches head of the game so he goes. on them as could not that squad however perhaps the scots biggest fan still behind the stall also known as leo messi writes and says his own attacking ways can cause for compliance problems. there's always a solution to a very. good. rule we can create a solution for we're. going. to leave it we're also

going to have all the good and we have other good players and that is why it's such a. game. because i'm sure. we can offer. because football's world governing body feet in space and yet more embarrassment after allegations of bribery made against vice president jack warner and presidential candidate. i think there are investigating the claims which were made by chuck glazer the general secretary of the federation . saying the allegations were made to have been her mom's meeting with twenty four caribbean football leaders trap and two weeks ago in one of the native trend of aspirants. luvvie the support of islam comes just days ahead of the sport's governing bodies a presidential election which will see him run up against me incumbent i'm favorite said brian always laid his obligations on to break the tare national coach to

becoming the next president of the us wish i'd been run probably fading over the last month. i'm giving myself fifty percent. the chances. of the person's going to be grown grown there is not going to be nobody knew that this is not cool you know compete again as well and then to see for so long but are you also wrote that people are looking forward to the changes that are going to work for the new ideas russian hockey fans will have to wait and see also means when you cage hell season gets underway however most of the leagues players have managed to take some of these just cnts right through attending the competitions awards ceremony to decide who were the best and bad respective fields of last season from about any on as. this sticks have been consigned to the locker room and no it's time to party the cage still third season's over with 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 back is very intense and. physical sport sometimes you just don't survive to get to the shoals so i'm glad to be able to join a few it's always fun and big on. the three time stanley cup winner sergei pillar of he's 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 i think for a minute or so five don't all be part of this show i think good season good play just roll well and you play those minutes not very big minutes but some ads exceptionally well and use more of your board also especially while so i wish him best of luck he's prediction came true it was bubbles do your earned the title of

the league's best ruki the 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 stuffed in the press by the government cup winners slovakia nevertheless business dream come true for the north to play with one of the spirits here mr gifford of might she made sergei further 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 that's great and with the pleasure of moving from the often netminders as there can be no future team without an upstanding man in between the pipes much of. one success this season has been down to constantin bowl and played a huge role in getting them to the bar in cup finals 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 at the twenty eleven world championships to tell you seriously you should never be satisfied with yourself every netminder still has some aspects to improve on i'm not there for them i will keep working hard with my personal coach to become an even better greater body because i must lose you got it was the mention in sport and average looking up one side all the way to the brink of decider although he didn't manage to win the kitchen's biggest prize it was enough to claim the best coach award in the company. i'm glad i chivas success with the club where it started my already in russia i have had great support from everybody and i would like to share this award with every single player on my team and everybody who will spotland. the final award was the evening's most prestigious this is the most valuable player for the second straight year went to slovakia less

forward aleksandra who plays the season with a stunning ninety eight points over what are known artsy most of. russian a buyer from fans for god's enjoy free me more years of watching all designed for two thousand and six and two thousand and ten limpid gold medals but i'm trying on her retirement announcements and she's going to keep on competing until two thousand and fourteen. is celebrated. last week was one of the few bright spots join russia is designed to respond to her lympics last year and gold medal haul by six one to relay on a silver in the top one foreign film of the must last election in canada for russia's national team coach a once of course late assignments help with one of the results of the three thousand level championships in pantomime sees designs on a says she feels reenergized having taken time on a turbulent year. she's unable which slows make last season was very difficult for

everyone on the team myself included that is why i nonce my retirement have to consider a number now that i was able to get some rest ara consider it and will continue my career until twenty fourteen or one of the most important factors was my desire to the manager and support the op and common inexperience starts as i am the leader of the team decides that i've still got plans your individual goals in this sport and alternately fountain just to early to lean is the road we're on today's for what is coming up next and bill's going to be here the headlines. culture is that so much there's a huge music issue by mark cobb speaking for talks u.s. president barack obama's most recent attempt to broker a peace settlement between israel and the palestinians fault.

and it.

all. has its roots in the. theater.