tv [untitled] June 8, 2011 3:30am-4:00am PDT
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georgian arts new live from moscow at two thirty pm these are our top stories the libyan capital has enjoyed the most intense nato bombing since operations began with sixty raids targeting colonel gadhafi compound killing thirty one meanwhile moscow special envoy to libya says both sides in the conflict are seeking a peaceful and with no nato strings attached. russia's warning against interference in syria's uprising as foreign powers are night and calling for action over president assad's top down on citizens but our world watchers accuse france
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and britain of trying to reassert their former colonial influence in the region. plus the u.k. is steaming ahead with plans to expand its nuclear program fueling concerns that terrorists could be on the sites as targets but sellafield facility jeems an industrial design thirty years ago is still busy recycling all of tile radioactive material. now the financial crisis of two thousand and eight hit america hard but some come off a lot worse than others for the banks though it's back to the days of bonuses and profits while others remain out of work struggling to survive or two years from investigative journalist matt taibbi who explains how the banks are escaping scot free. are 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 well
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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 overweights 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 cements for themselves what do you make of all about well i think we're at a period now we're kind of at a crossroads where the if the government moves forward and doesn't make major changes and. 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. at all there's really been no law enforcement whatsoever and i think that's something that people are talking all about a lot of wall street they're kind of wondering when you know the you know the sure
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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 but are than nothing right now it's interesting that you've been pointing out that you know bernie madoff ponzi scheme are very tame is case but he's been saying that the reason he ended up being you know what 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 was 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 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. it's the street of 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
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was even though it was big for the people who invested in his funds it wasn't anything like the scale of the fraud when i wanted the big banks for instance there was that and then of course the fact that its victims were actors in hollywood other than other people in manhattan and wall street and 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 couple the bailouts with the lack
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of law enforcement the lack of prosecutions there is really no incentive going forward for people on wall street not to commit crimes especially if they are 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 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 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 the bankers are not going to care much about homelessness joblessness in. 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 kind of start doing something to put stuff back together the puzzle back i think there's
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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 where 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 or losing their houses or 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 to take 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
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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 well voters obviously have the ability to make those changes they have they have the ability to not choose politicians who are beholden to wall street theoretically 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 and 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
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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's who's really not part of that world might run though 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 them that they don't know really because i still i think your average american does doesn't see that i think you're right you know ordinary people are very subdued 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 the reality is their differences are mostly superficial and on the important questions of how the economy is running how to regulate the economy perry exactly the same but i don't
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think ordinary people know that what about the relationship 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 in the us and who is supposed to kind of revamp the. 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 the sort of nihilistic. purely for profit entity that it's just i was 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 people 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
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show narrative of you. no the 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 there to do something to you know maybe do something for the american people for example we need to help right now there are a lot of good people in government there are a lot of good people in media the problem is systemically. they're never going to be able to get take hold because the forces that work 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
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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 to 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 this rule changes if we switch gears a little bit and talk about you know go from the people who are pocketing all this money to the way the money is being thrown around the globe. first of all militarily of course because that's a serious issue with the wars ongoing in the u.s. i mean that the u.s. is participating and resources on this a little bit why isn't this money being put into creating factories opening up you
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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 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 at the idea that the government has any business trying to people put people back to work on the other hand when we spend ten or fifteen times that amount bailing out wall street after two thousand and eight. there was nothing like the same kind outcry or would we spend a comparable in. fighting pointless and idiotic and bloody wars of conquest in faraway places when we spend enormous sums of money on an endeavor is like that again there isn't the same kind outrage always idiotic why do you think you know
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the politicians fail to 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. and went in there with their eyes wide open if you look at their iraq and afghanistan to me those are more. indicative of what we look for 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 that are going to cost one hundred two hundred billion dollars a year and their view official policy of the united states is that is to keep these things going into the have a presence in that region i think it's political inertia at this point you know if
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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 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. culture is the same i understand my only answer for you and most of them would be if you look up yours in the war on drugs has been declared a failure the us government has spent more than true point five trillion dollars fighting this campaign over the past forty.
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party's top stories the libyan capital hasn't george the most intense nato bombing since operations began in sixty braids targeting colonel that his compound killing thirty one people meanwhile moscow special envoy to the b.s. says both sides in the conflict are seeking a peaceful end with no nato strings attached. to russia's warning against interference in syria's uprising as foreign powers unite in poland cracks in over president assad's down on civilians but our world wants him to france and britain of trying to reassert their former colonial influence in the nato. plus the u.k. is steaming ahead with plans to expand its nuclear program fuelling concerns that
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terrorists could be on the sites asked targets of the sellafield facility deemed an industrial disaster years ago soon busy recycling bomb tiles radioactive material. news is coming your way next year an artsy union joins us and it looks like life just doesn't seem to be getting any easier for tiger woods how to say about it could be assumed that the millions helped lengthen the blow he's the world's richest ok but the horse does help just a little but it's not going to be your to remember at this rate he set the miss the second major of the sporting year and he said so a he's not a happy tiger out of all at the moment more not just the sack. have you with us sports these are some of our stories in. all russian
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cameron share of the spoils and last night's international friendly believe in souls for. open close tiger woods reveals he will miss the second major of the golf year the u.s. open because of injury. and another bite out of the big apple in the battle of baseball's biggest rivals boston make it six wins from seven over new york this. russia will go into the crucial euro two thousand and twelve qualifiers and the salt on on the back of a troll with cameroon the sides feeling to find the nets and souls program choose they would take out the capital guys a relatively inexperienced russian same robert for a seat for this one. well time to experiment just a brief look at the russian lineup route will dig advocates musser plan for the friendly against cameroon simply to give is youngsters just establish themselves and gain national team experience. alexander results of and sport's alex on the
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ship both made their international debit while russia's brightest star on video shall be in was lift out of the sport meanwhile the chief of the in dumbest of alliance scenario at all let he steam from the very start. however it was the russians were first showed their pretty beauty. but hope of it now ripping through the camera and fans in the first half. russia kept in control and possession leaving the line struck at a door adrift hoping to pounce like a predator can or is best chance came minutes from the break but it took a multi field to find the net in the second half of a cut decided to play nice from his sleeve formative and core and just a winger beautician rip-off meanwhile the other on the men as a boy of three chances but wishes them one after another ten minutes from time cameron might have broken the deadlock but the boss heather will see why
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because in style young russian blood was reinforced by the bins consensual also do it on the pitch of the red bull stadium in the second half both did their best to make an impact on the scoresheet but the game was destined to be killed as you see him so it's. highly motivating go into the match due to facing cameroon and carol we played well but our execution could have been better especially for myself and the boys overall however i think we've got some valuable experience out of this match and so far with. ten days there's a maybe a three one win he was. going to change and i was quite pleased the way the plague. you will you have to win because you get some good chances but. happy to see some good individuals for the future version was good the russian
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youngsters have grew their hair what it takes to back up the advocate's cases like a shove into the coffin of the chain although in the giro twenty it will cation complain russia will have to fulfill the test much harder than neutralizing the indomitable but friendly alliance cameroon. r.c. austria. ok there was also euro two thousand and twelve qualifying action to take into consideration on the evening germany moving to within win of ukraine and poland after securing victory seven from seven away to azerbaijan it was non of the match mesut ozil who got the ball rolling on the how far mark the real madrid midfielder sneaking his effort to reach shot stopper one would become two four mins from the break for a long reinstall from polgar but stuber lost auntie by also who in turn finds mario gomez on the car needed a rest but who scrubs a lifeline two minutes from time saying off the deficit up to sloppy work from the
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german pence but that was to be a blip walking love charges making absolutely sure with a goal deep in injury time under the sure i'll go in just as second there will go in the famous like trick was the full scale. of the other days not just took place in seoul not where sweden went to time on neighbors been crushing them five know the swedes now just three points behind group leaders and also a good night poor hungry. bosnia herzegovina on especially the for a while and sweet as the record first win of their campaign. today wednesday marks exactly a year until the tournament all those teams are striving to reach caps off euro twenty twelve will present itself to the world in warsaw on june the next year but it was poland's co-host ukraine the questions have been raised over however those
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issues are reading this are now old news according to you if. too late and thanks for the commitment odio tory due. to the commitment of the food bill for the ration of ukraine to the commitment and hard work of the local organizing committee our doubts being wiped out. stadiums have already been overrated training centers airports roads railways and hotels are being constructed or modernized staying with football and jill simonian you know has expressed concern over qatar's climates in regards to hosting the twenty twenty two world cup the finals are to be held in june a month when temperatures regularly reach over forty degrees celsius the real madrid monitor was speaking in doha on a visit to the city's aspire academy of sports excellence. difficult feeling we had we were coming from europe we've got complete. weather but
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i think you've been on. to realize that most of the program will come from different governments and they need to help people with such. english premier league side form have appointed martin yall as their new manager following the resignation of mark hughes last week the former tottenham boss joins the club and the two year contract with could be extended for a further twelve months i'm hoping the fifty five year old dutchman will be able to stabilise the club's place in the off the table next season be finished if this year you all comes to london following a year and a half stint with i.x. . tiger woods has suffered another setback following a series of injuries sustained at the masters in april the former world number one will miss this month's us open the second major of the season after meet a feel to clear up now the tournaments which gets underway in june sixteenth is one
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woods hasn't missed since one thousand nine hundred for the american hostage success three times at the legendary event but will not be in line for a slice of the seven and a half million dollar prize on this card might would also strain his achilles tendon augusta when he hit an effort from under the famed eisenhower tree at the seventeenth hole the thirty five year old husband want to major since two thousand and eight. basketball in turkey pretty successfully overcame a food bug as well as the miami heat best efforts to help the dallas mavericks yet more suspense to the n.b.a. finals the best of seven series now tied to a piece after the mavs three point victory they eighty six eighty three when helping the texas men a forty three one three deficit which no team has ever recovered from in the final limits be doing most of the work in the fourth overcoming early struggles not just twenty one points but drawing getting some scoring help from the mars from court selection this time around tyson chandler and shawn marion pouring in thirteen on
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sixteen points respects the. spread out of her room. in the fourth quarter were down. the difference really really. had some good looks there in the fourth quarter or two from ground zero. in formula one for henri reaming to make up some ground against rivals the leading red bull second seeded mcclaren at this weekend's canadian grand prix but marinello outfit said third in the manufacture standings of sunday's race number one twenty six fifty eighth in the driver's table despite a shaky start to the season team officials say there's enough time to pull it but one thing i then want to be all for fitzroy technical part respects john to it. there's not been a lot of time between. very near the night from the tracks but
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they are relatively different from what you need in terms of their own. specific. interest finance and then next to the normal push to try and get downforce on the car so i hope it gets closer. to what else is pushing hard as well though because it's a race and finally one of baseball's fiercest rivals is looking more like a war horse race this year the boston red sox once again getting the better of the new york yankees their sixth win in seven meetings against the big apple two hours just to be ellsbury opening the scoring with a home run before you dreamed gonzales helped the sox to the lead an r.b.i. triple from the california helping the visitors go to nothing off in the first inning momentum was still in boston side in the fifth with david ortiz punching another homer for a six one leads right after this jonathan papelbon on then could've
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easily missed the i think as he appeals a three game suspension for making contact with an umpire and suffered it but for now it's just this year if you always hope you can register his two hundred see if the c. six got the red sox that is all your sports and i weather's coming up i'll see you shortly.
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