tv [untitled] June 8, 2011 11:30am-12:00pm PDT
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well come to the republican. party. for the full story we've got it for. the biggest issues get a human voice face to face with the news makers. hello this is our team moscow's coverage over here at the half hour in moscow with our top stories for you and france and britain pushing for un resolution condemning the syria's government crackdown on demonstrations but russia says the lessons of the libyan stalemate mean it won't support. russia's envoy to libya says both gadhafi and the rebels agree there's no way to end the crisis through war meantime nato dropped more bombs on the libyan capital that is largely defined colonel gadhafi. and while countries around the world according to stress tests for tomic
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bunts reported new fukushima the u.k. is committed to expanding its facilities but experts are warning london's persistence with its nuclear project poses a massive security threat. when the financial crisis hit four years ago the banks looked doomed didn't they will now simulate against the odds they're back in profit but others have been so lucky next the nati here's my first bit of journalist tybee explains how the banks are escaping scot free. to sitting down with author investigative journalist and contributing editor to rolling stone magazine matt 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 and your career to discovering and investigating the events that led up to the economic crisis awaits and the events that happen after and during the whole chaos and my question to you is where is where does everyone
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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 manage 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 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 the sure is 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 naturally 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
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reason he ended up being you know one basically the only one who ends 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 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. led to the crash of two thousand and eight he was just a street criminal who could have existed in any time period and so he was unconnected to all the really serious stuff that went on on wall street and also the scale of it was even though it was big for the people who invested in his funds it wasn't anything like the scale of the fraud that went on of the big banks for instance there was that and then of course the fact that his rectum was were actors in hollywood other than other people in manhattan and wall street. that was really
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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 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 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 people on wall street look at that and they say hey
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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've learned is that they can do anything and get away with anything and that's just right and even if it all blows up even if we get completely wrong you know the worst case scenario is that the government is going to come in and bail us out with taxpayer money so obviously the c.e.o.'s are not going to be bankers are not going. tara 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 to kind of 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 out of your house foreclosed upon. the horrible thing about this
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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 or losing their houses or 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 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 a it's. it's a revolving door of interests where. people on wall street are either directly effect sponsoring the politicians in washington with campaign contributions and soft money and that sort of thing or else they are actually politicians who or what can really change that who has the power to do it who has the force to do it and
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you know who would be interested in changing that will 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 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 third party is you know is that even an option or is that never going to happen in this country. there are 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 the world not run so you know if people are obviously understanding at
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this point that democrats and republicans are different sides of the same coin with not just in that they don't know really because. 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 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 run and how to regulate the economy they're exactly the same but i don't think ordinary can. well 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
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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 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 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 know the left versus right and 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 alex
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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 we need to help right now there are a lot of good people in government there are a lot of good people and media the problem is systemically. they're never going to be able to get take hold because the forces that work 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 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. he says you might even see significant changes but. for the most part of 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
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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 something 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 could for they you know make those 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 that 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 researching on this a little bit why isn't this money being put 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 richfield if you look at the what happened when obama pass the seven hundred billion dollars
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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 coast to coast out reject 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 bailing out wall street after two thousand and eight. there was nothing like the same kind of 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 of outrage you call it always idiotic why do you think 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 was in a situation like iraq where the united states had
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a clear long term plan. to go into this country. and went in there with their eyes wide open if you look at it 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 they're the official policy of the united states is that is to keep these things going in to have a presence and that region i think it's political inertia 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 that. gana stan is 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
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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 let's say we thank you very much for your time and thank you. culture is the same i understand my family and therefore you will most likely be at least five years in the markers of the war on drugs has been declared a failure the us government has spent more than two point five trillion dollars fighting this campaign over the past forty. wealthy british style. sometimes like. the. market
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finance scandal why not what's really happening to the global economy with mike's cancer run no holds barred look at the global financial headlines tune into cars report. top stories marty tonight france and britain are pushing for a un resolution condemning syria's government crackdown on demonstrations but russia says the lessons of the libyan style i mean it was support. for same board in libya suppose gadhafi in the rebels agreed there's no way to end the crisis through war meantime nato dropped more bombs on the libyan capital dislodging to find colonel gadhafi. and what countries around the world according to stress tests for all atomic bombs for the new fukushima ukase committed to expanding its facilities but experts warn london's persistence with its nuclear project poses a massive security threat. to their headlines this country with
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a touch and go to school for a. well we'll come here watching sports on our team thanks for joining us this hour coming up friendly rivalry russian cameroon chad is twelve's in last night's game played in salzburg. tiger woods or feels he is not fit enough to compete in the second major of the season the u.s. open having failed to fully recover from a number of injuries. and a funky ride motorcycles and showcase their skills at the car first which is taking place and also region splitting results. so russia will go into the crucial euro swenson's well as the citizen on the back of a draw in the friendly with come our own and sides failing to find the net in salzburg with deep advocates putting out a relatively inexperienced russian team are about to buy now reports from austria.
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time to experiment just a brief look at the russian lineup route will dig advocates musser plan for the friendly against cameroon simple to give is youngsters a chance to establish themselves and gain a nation to experience. the results of and support us on the should go both made their international debut it was russia's brightest star and shoving was left out of the scoreboard we were the chief of the intimate able lions at all let he steam from the very start. it was the russians were first showed their pretty beauty. ripping through the cameron defense in the first half. russia kept in control and possession living the line struck at all adrift hoping to pounce like a predator can or as best chance came mears from the break but it just promoting
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failed to find the net in the second half of the cut decided to play nice from his sleeve formative and core and just to win girth usual of course meanwhile the other army men to go f. kept worrying chances but which of them one after another ten minutes from time came on might have broken the deadlock but of course heather seed which is not in style young russian blood was reinforced by their bins consensual who also appeared on the pitch of the rebel stadium in the second half both did their best to make an impact on the scoresheet but the game was destined to be good all this you see. we were highly motivated to go into the match due to facing cameroon and arrow we play well where execution could have been better especially for myself and the goal of overall however i think we've got some valuable experience out of this match and
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so side with. those there's only a three one really was. most people think. the model is going to change in the way . you have to because you get some good chances but. you see some good individuals for the future version of the russian youngsters through their takes to back up the aces like a shove instead go thump of a chink. in the euro twenty will look asian complain russia will have to fulfill the test much rather than neutralizing the indomitable but friendly lions cameroon robert for the new party. and there is also euro time to twelve qualifying action taking place across the continent this week germany moving to within the winner of the finals in ukraine and poland after securing their seventh a train as many games away to as a by john was man of the match they only got the ball rolling on how far mark their
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the real madrid midfielder sneaking desire for thoughts the goalkeeper. long would become two four minutes from the break a superb long range pass from home botched to bar let's talk to you in turn finds mario gomez and the point unique man to the rest he has grabbed a lifeline to minutes from time more sane of the man cutting the deficit off the sloppy work from the germany defense but that was to be the host so go well germany made it three one deep into injury time andrea surely scoring just his second have a goal for the national team making the final school for you one. and the pick of the other days much history place in seoul the west wing crashed neighbors spending five nil so it's now just three points behind the group in it is the netherlands also a great night for hungary belarus poznan months ago but not as especially the faroe islands to stand here to record their maiden win all three contain. and today. a
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wednesday marks exactly a year until the tournaments all those teams are striving to reach kicks off here it's once as well will present itself to the world and also on the eighth of june next year but it was poland's co-host ukraine that questions had been raised over how about those issues of race and that's an old news following your latest inspection. late and thanks for the commitment of the authorities. to the commitment of the football federation of ukraine to the commitment and hard work of the local organizing committee our dollars have been wiped out stadiums have already been inaugurated training centers airports roads railways and hotels are being constructed or modernized. transfer news now goalkeeper non-o. noir has completed his move from shall fall to buy in the german international who's just returned from that answer by john euro to enter twelfth call if i
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underwent a medical earlier on wednesday noir signed eighteen million euro deal last week and will spend the next five years with me. in the meantime liveable and sunderland have agreed the deal for midfielder jordan henderson sunderland had rejected the reds previous offer reportedly worth sixteen million pounds with a new the felt to be worth around twenty million for the twenty year old player. and gulf news tiger woods has suffered another setback following a series of injuries sustained of the masters in april and former world number one was planning a return to action at this month's serious open but need pain will keep him sidelined for at least another couple of weeks but the mental age gets under way in just over a week is one woods hasn't missed since one thousand nine hundred four that america has stated success three times that the legendary course will be in line for a slice of the seven and a half will until the prize fund this time out was also strained his achilles
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tendon at augusta when he hit an effort from one to the famed eisenhower tree at the seventeenth firehouse and one of ages since two thousand bates piling more pressure on the gulf and breaks. basketball now and their successfully overcame a flu bug as well as the miami heat best efforts to help the dallas mavericks add yet more suspense to the n.b.a. finals the best of seven series now tied to games that piece up to the mavericks three point eight three eighty six to eighty three when helping the texas man avoid a three one series defeat which no team has ever recovered from in the finals and he doing most of his work in the fourth overcoming early struggles to notch up twenty one why is it german getting some scoring help. or selection based time around tyson chandler and shawn marion pouring in thirteen and sixteen points on the night respectively. on the other group. spread out of the
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democrats. in the fourth quarter. difference for you. that's what i would look for in the fourth quarter our conference crime. found saying swimming riding shooting and running altogether russia's first ever more than pentathlon events the kremlin couple take place and also this weekend with most of the stars due to say parts. of. this competition is unique because usually the european championships is mixed with low rank participants but this competition is very unusual because only turns of four athletes take part in it people who are currently the best in the sport and each of them can when it suits them a complication for me this competition is domestic and they simply don't have the right to perform. and finally motor sport of the flock to the mosco region to shelve their rides at the weekends car fast but it was
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their seemingly adrenaline deprived colleagues on two worlds stole the show with some death defying stunts gorski reports. a full array of japanese more sport technology on display and in action in the moscow region sporty resort of sora challenging the custom build turbo charge drift monsters sharing the stage with their older and less powerful skier compadre it's any car was a go for the fast as long as it was manufactured in japan the organizers steered in a new direction this year by allowing bikes to take center stage and role free on the second and final day of the event plenty of stake for the riders on the sole name or would be with a showcase double as a stage for the moscow stunt writing caught the riders demonstrating an impeccable sense of balance roman gas and yan finding creative ways to stay in the saddle after rising up for a weili those efforts impressive enough to earn
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a third place finish morag can carve a another rider seemingly more comfortable on one wheel than to the start man's performance earning him runner up status when all was said and done you're either javine called proved to be the most nimble and very of the riders hang in the balance for a while after a tough angle on the circle wheeling each member of this adrenaline charged trio impressed in his own way very hard nick of would rule the podium after showcasing his racing bedri. i started off doing inline skating in snowboarding because mothers jumping on a trampoline my father then put me on a bike and i did quite well i later learned that both my parents rode bikes in their younger years so riding on two wheels is in my blood the participants now have just under a month to come up with new gravity defying tricks to impress the crowd leading degrees those wheel bearings for the next event in the capital on july third so a tribute to one country's motoring technology and plenty of thrills and spills for
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