canada. for asians are today. welcome to the lone show we'll get the real headlines with none of them or say we live in washington d.c. now it's not really speak from our games about the third anniversary of the bailout of mortgage giants fannie mae and freddie mac. sorry to say whether i'm much better off but could it become even worse with a new lawsuit the federal government has launched against seventeen banks for selling bad mortgage backed securities then the a.c.l.u. has released a new report about the damage that's been done to our civil liberties since nine eleven for his speech and his spirit of the young turks and ask if we can ever get those rights back and there's a movement to remake jesus christ image into one of

a macho rap so we're going to speak to one of the people behind this push and ask why are you have all of that read and i and more including you know that happy hour but first take a look at what the mainstream media has decided to me. are before we get into today's mainstream miss let's go back to yesterday for a quick moment so yesterday we were examining the fake and ridiculous partisan outrage mostly over the fox news quarter over jimmy hoffa jr's remarks at a labor day rally in detroit and for using the word sons of bitches the right wing crowd immediately painted it as hate speech feigned surprise and shock and outrage now i'm not defending what the guy said i honestly just really don't care that much but as i predicted the left wing media went right into the he said she said tit for tat machine and feigned some outrage about remarks from charles koch where he called obama saddam hussein and some other stuff just take

a look at schultz it was all over this last night. it was hosted by right wing activist billionaire brothers charles and david koch in today and others. magazine obtained audio from the top secret strategy session. does this audiotape of us i mean does this prove that they're just in it to win it at all cost. now now you really want to gloat but tonight i'm going to go for it i'm going to go ahead and say told you so i can't tell whether it's amusing or whether it's out of the mainstream media is just so predictable but you know whatever let's move on today where predictability once again shines through and tonight there's going to be another republican presidential candidates debate that even though the debate hasn't happened yet even though there are plenty of other things to fill the news cycle with we're already just hearing nonstop debate

coverage and everybody's talking about it we're going to specifically take on m.s.n. b.c. for just another minute here since the debates airing on their network and so they are just pimping this thing out like a little teenage girl with a long. publican presidential candidate prepping for the biggest night yet eight o'clock eastern time tonight the first republican debate. here is foolish it's tried for texas governor gets his foolish national spotlight the n.b.c. politico debate at the reagan library in simi valley this debate is the fourth of the g.o.p. presidential race or u.b.c. news political debate will get underway tonight on ground for the g.o.p. contenders the reagan presidential library in california. now you know it really gets me about this aside from the fact that of course the debate hasn't even happened yet and already it's drowning out the wars the economy and all of our coverage but the casey anthony case did that too so i guess i'd rather it be a presidential debate but with gets me is that these people will spend hours upon

hours going over every little detail what these candidates where every single word that they utter who their campaign managers are when the most recent renovations were on their house i mean literally they go over everything that they don't talk about perhaps would be the most enlightening bit of information of all where the money comes from for these candidates oh sure they talk about who's raised more how much of that was from big donors or not but they never actually bring up citizens united they don't get to into together the politicians and let's face it you can't believe anything if they say have a surface you have to watch how they act how they vote what they sign whose interest they really are whole and the best way to figure that out the easiest way perhaps a video is donating to that citizens united is fundamentally changed our election system there is so much money pouring in through pacs and super pacs that it's all secret all donors that are undisclosed. so a little bit of transparency there. now i have something to report by harvard law school and public citizens is saying they're saying that the f.c.c.

should force political disclosure that way you still have the money flow since people are so adamant about it but you know where it's coming from you get real insight into the candidate what kind of a leader they just might be in the mainstream media they paid this report no attention of course they in fact barely even bring up citizens united they'd rather just be lap dogs sit around and pretend to sound smart by talking about campaign strategies when the real meat of the issue the money issue they're content to miss . and it was three years ago today that fannie mae and freddie mac. were bailed out by the government and we all remember what happened from there on brothers collapse about a week later everything crashed the government had to bail out. tarp came along with not until another huge crash after that didn't pass it first and there obviously was much more called get it out but it was the financial meltdown three

years later we're still in the great recession unemployment is still hanging on around nine percent the housing market continues to be in a depressed state and now there's a european debt crisis that looks like it's about to crack of course let's not leave out the not a single person from wall street isn't prosecuted and in fact their profits in bonuses have shot through the roof so all in all so it's a pretty bad state of affairs but could it get even worse when we explain here last friday's we told you on the show the federal housing finance agency filed lawsuits against seventeen big u.s. and european banks for their role in the subprime mortgage crisis that would specifically be lying to the government investors about the quality of the mortgage backed security portfolios if they sold the fannie and freddie now we're already hearing screams this is going to bring banks down and let's face it there's not any appetite for more bailouts and well the government already did that so how do we decipher their profit and then bring them down line of thinking maybe they don't really. the way to discuss this with me is mark ames' editor of the exile our

thanks so much for joining us to me oh well for starters i guess let's go back to three years ago this day did you think about why we are bailing out fannie and freddie that we'd still be in such a bad situation three years later well i had actually just returned from russia at that time and i was at first i honestly didn't quite understand what was happening because i hadn't really paid enough attention to america in those years what i've learned since is that it was inevitable that this country is run by an incredibly corrupt all of the arche and the fact that obama brought in the same people who helped create this crisis in the first place and frankly the same economic team larry summers brought you know the bob rubin crowd and so on who who actually destroyed russia's economy in the in the late ninety's as well. i realized then that until we actually get new ideas and new people we're going to be screwed

for a while well unfortunately we have to live through this moment where it's all the same people who are being recycled over and over and over again through the system but so now we have this logic to each other acting each other of course it is this revolving door that we talk about all the time but so that how do we factor this lawsuit into that because you could say that while street has been protected that's far the obama administration isn't really trying to own this thing but it's still a federal agency they're going after seventeen banks some of those american banks some of those european banks as well i just wouldn't hold out much hope for g.m. of the goldman sachs lawsuit what happened to it you know i think requested a fly in was paid off was it was essentially kind of a negotiating tactic maybe a campaign fund raising tactic. but ultimately no one paid that's that's the thing right now we're in a state of sort of advanced banana republic an ism in which nobody in the elite ever is held accountable. maybe they have to pay a fine which is a small portion of actually what they've stolen but they don't pay the actually

exist above the law and the rest of us are sort of down below that well so you don't actually think of this thing is it's going to go anywhere i think that it's ok you know. and you know i don't based on the record i don't i think maybe the old sort of use this is a pressure tactic. maybe they're going to engage in a little fake populism again sort of like what on the didn't campaign in seven eight but there's nothing on the record of the last three years this is a chance that they're actually going to come down hard on the banks and suggest this and that and the reason is actually kind of simple i think if you actually start to come down on one or two of the banks and you or you come down on and start holding accountable one part of this giant crime the whole house of cards could collapse because everything right now is built on fraud and much and i don't think anybody wants to be the guy responsible for pulling out that last you know a popsicle stick that brings everything crashing down how long could that possibly

go on because here you have the exact same thing you have the banks that are already waging a war and this is something that i want to get into with you because they're saying well fannie and freddie there are just as culpable but they're waging a war you have a lot of people screaming that not only is this going to put a lot of strain a lot of pressure on these banks but for bank of america they just might collapse because that because they're already not doing well and then do you have something that's actually not too big to fail or is it even bigger than it used to be because now the banks about each other out the other thing they were swimming here is that these guys actually really know what they're doing what they're doing as everybody is coming in covering each others asses here. trying to pass the buck around trying to flood the economy with more paper money to keep asset prices from collapsing but i'm not really sure i i don't want to engage in too much speculation but i'm not sure that they know what they're doing at this point i think it was easier to cover things up at first when they first started flooding you know the banking system with money and pumping up as at prices it was kind of easier for us but i think

they're finding for example q e two that they can pump in hundreds and hundreds of billions of dollars but actually it's not really affecting things as much anymore so i am. really not sure these guys know exactly what they're doing and when things will collapse i mean i think it's inevitable in a kind of basic was physics that this can't go on forever but we have no idea when or how i don't think anybody knew that it was going to be lehman brothers exactly that was going to bring the house of cards down last time and. so i don't know we're all just spectators at this point i live in this fake democracy but you know we're all just spectators we just sit around and watch and it's really unfortunate that we all just happen to be spectators and it ends up just being dark humor because you're just sitting around waiting for something that happened i mean to even speculate as to who who's going to be first in a sense is it going to be europe this time around or might it still be the u.s. you know i again i've been through a couple of these because i was in russia when the russian financial markets collapse and i remember watching what happened in asia and this happened just as as

the i.m.f. and the world bank and or the banks were saying the tigers were sort of the model for the future and it turned out oh we didn't actually there they were so corrupt and corruption so deeply entrenched and they'd become so financial wise that the collapse was inevitable and then the same thing we found out ex post facto in russia that these reformers that america had actually promoted had in fact are all along been the worst and most corrupt people to put in power so you know i just think. i'm just extremely pessimistic or norman pessimistic i don't think we can say where it's going to start how it's going to start if i was a gambling man and i would be if i had some money. i bet on your starting your you know something or maybe china's something just really shocking and out of the blue i have a let's go that into where we are now because we can speculate about what might happen here with uncertain bank or another but i don't claim it's still incredibly high of course the official numbers that they gave us could be nine percent but if

you actually go to the use six the real numbers there it's more around sixteen point seven something or other between like sixteen point five and seventeen percent is now going to give a job speech and so far we've been given just a few details supposedly is going to come three hundred billion dollars into the economy tax credits more times or task us actual winner in hand and there are some programs to construction jobs back to construction workers through some of the federal agencies he actually doesn't even need congress to go through that for four more infrastructure projects do you think about it's a good idea or again is that just putting a band-aid on the fact that while we have too many construction workers because we had a housing bubble and maybe they just need retraining to be honest i wouldn't even know where to begin i mean. the problem is that that sort of this is a democracy in theory right and the public has been so retarded by so much. so much propaganda and false ideology and so on that that obama actually sits on

top of bunch of intellectual mush as well i mean i don't think people it's not like it's all like the reagan revolution for example where reagan came at the head of. you know thirty years of this sort of new economic ideology and so on there's nothing now there's a bankrupt ideology and nothing else so i'm not really sure you can fix it through you know infrastructure or a little bit of this or a little bit of that we're actually at a point of pretty advance kind of dk i mean it's a good thing that america's a. overall it's still it's sort of a first world country controlled by a third world banana republic elite and ideas and so you know thankfully we saw it a long way to fall and hopefully we'll get our get our ideas back and get our democracy back before we forward it's just way too late so i don't i don't really think it's a matter of a bomb is going to come up with something clever that he thinks is clever that would have applied to let's say the ninety's you know this mix of tax cuts and this

amount of pandering to this lobby in this amount pandering religion are going to be my money you're actually need somebody with really different ideas and you need you actually need a population that's more involved rather than some kind of technocratic lee that has failed at everything kind of creating more and am i thank you so much for joining us tonight thank so you. all right now we know the banks are protected from failure when they got their federal bailouts but did you know they're also protected from the expression artists despite the fact that it's public knowledge in the banks engaged in widespread fraud law enforcement has chosen to go after a far less threatening author and artist who expresses his anger for his paper art he is among the lindo shows us how a painter whose work is being treated like an act of terror was attention away from those who really should be scrutinized. and not a terrorist. i'm not firebombing anything so i never even you know entertain the notion in anything more than just

a bit like like this alex shaffer has laid out all his frustration with the financial system can do is bad pace bad businesses should fail and the bank is a business and somehow it's been turned into something else artists are known for catching the spirit of the times cheaper is recent pains to be team build using calls and flames caught the eye of the los angeles police chief who was first approached while painting in front of a chase bank three weeks later the police visited his home asking him if he hated banks and planned to do that it's just bizarre because i don't feel like i've done anything outside of everything i've ever done in my art and you know this is really touched a nerve in recent years it seems like large banks and their bosses have been protected from prosecution for their role in the devastating financial crisis now it appears

banks are being protected even from an artist gross true the chaos depicted in the first painting is just symbolic but the true financial chaos caused by j.p. morgan chase and other big banks is very real to many americans it's a different kind of. of terror. isn't that their policy since two thousand and eight no the bank bosses in charge during the mortgage meltdown have done any jail time instead they were the recipients of bailout some bonuses well millions of americans suffered through foreclosure unemployment and financial ruin cheaper splay aims symbolize bringing the current system down i think we need to reform our banking system completely besides the repeated visits from police schieffer also says recent online visitors to his blog include employees at j.p.

morgan chase as was members of the department of justice well that's what my dad said this morning when a call if you need to get a lawyer and find out somehow or here are no on the watch lest schafer maintains a good sense of humor about the ordeal and his symbolic bank burning seems to be resonating with the public and i started the building off at nine hundred twenty bucks and it's a ten thousand one hundred now that's the big money statement he definitely plans to take to the bank in los angeles ramon gil endo r t. well coming up this sunday marks the tenth anniversary of the nine eleven attacks so it's right for you to look at how our civil liberties have a relic over the last decade. into the only one in which the mechanisms do not work to bring justice or accountability. i have every right to know what my government should do if you want

to know why i pay taxes. well i would characterize obama as a charismatic version of american exceptionalism. you know sometimes you see a story and it seems so for like sleep you think you understand it and then when something else you hear see some other part of it and realize that everything is all going to i'm sorry welcome to the big picture. see. let's not forget that we had an apartheid regime right.

i think rock even one well. we never got the book says they're going to keep him safe get ready because he loved her freedom. for five. foot five.

it was cicero who first wrote in latin silence and led his interment translated into english that means in times of war the law falls silent it's a phrase that's been used time and time again one phase and another throughout history the last ten years have been no exception whereas in the past the time the war's over the rules go back to normal is this time going to be different that's a question of the a.c.l.u. asks in a report issued today in titles a call to courage reclaiming our liberties ten years after nine eleven there they examine the erosion of the rule of law and our rights starting with the bush administration and continuing on with the obama administration it's a detailed account of everything from torture targeted killing extraordinary rendition and warrantless wiretaps and overall massive and unchecked surveillance state indefinite detention religious discrimination and profiling and so on so why do we hear so few critical voices today those who were so loud during the bush administration and what is the answer in the global war on terror is it something

you can eradicate so is there any going back joining me from our studio in los angeles and sperry and host of the young turks and a thanks so much for joining us tonight and i want to first start with that question of a.c.l.u. basically posed in their report which is kind of scary when you think about it it's definitely not the first time in our history when we've seen the erosion of civil liberties but in the past the wars ended or the enemy ceased being an enemy and now we have a different dynamic now we have this global war on terror that seems to always be expanding our fighting something like terrorism that you can't necessarily get rid of you can't eradicate it do you think that we're in some kind of danger where we both be able to go back to where we used to be. i do believe we're in that sort of danger and i think that the evidence that we can look at from the past is the patriot act and the fact that the patriot act was renewed not only under the bush administration but also as the with the obama administration so the main problem of

the e.c.l. you really focuses on in their report is how the patriot act has eroded our civil civil liberties we have people in government that are now discriminating against muslims we have illegal wiretapping we have something known as kill lists which basically target people where the where the obama administration targets people without transparency without sharing with the american public what criteria they're using to put these people on kill list we're seeing this horrible horrible violation of civil liberties and it's something that these c.l.u. is trying to draw so much attention to but unfortunately the media hasn't caught on to it i think the american public hasn't caught on to it so do i think that this is something that will last for a very long time i do and it does make it different from other instances in the house where we've been in war and you know the law fell silent well the thing is see i just don't believe maybe you might be able to slide that past american

citizens but i just don't believe that the media out there is not catching this right i mean the a.c.l.u. hasn't been silent all throughout president obama's administration they've come out and they've spoken out against his policies there are other people other journalists a lot of civil liberties advocates this stuff is out there you don't have to try to find it and dig for it so so what's the excuse. well you know i really want to specify who is picking up this story and who is talking about it so what you're seeing is people like glenn greenwald from salon dot com blogging about this you're seeing independent bloggers freelance writers journalists online talking about this and yelling at the top of their logs and saying look we've got to focus on this problem in the united states but if you focus on the mainstream media which is where most people get their news they're not talking about how our civil liberties are being violated they're talking about the two thousand and twelve presidential election something that's more than

a year away so that's why i think that there is a problem you know people are misinformed on what's really going on in the country and if americans are asleep and they have no idea what's going on and how the government is violating their rights and their privacy then this can go on for a long time and the patriot act can be renewed over and over again but how about the fact that maybe some people out there are a little too scared or choose not to try to criticize president barack obama in any way because we didn't hear the mainstream media you know during the bush administration show a lot of frustration a lot of disgust with some of their policies and after after the buildup to the iraq war once it finally came out and everybody could accept that it was all sold on complete lies that they were very vocal and especially you could say the m.s.m. the seeds of the bunch so you know what do they do now. well i think partisan politics absolutely played a role in this case and we definitely criticize the bush administration for it and

i think the obama administration deserves just as much if not more criticism because he expanded on many of the policies that the bush administration passed so you do see that the mainstream media is quiet about this now which is very questionable but you know fear mongering has definitely been a way that both the bush administration and the obama administration have sold the patriot act and all of these so-called national security policies and it's just unbelievable because you're seeing innocent americans being wiretapped you're seeing them put on. these kill lists and you're seeing people being investigated for doing something as been i as taking pictures of buildings you know takes pictures of buildings i do i'm not a terrorist you know it takes pictures of buildings random turns to come to the united states so why are we keeping all of these aisles and treating all these innocent people like criminals it's stupid and you're completely right fear mongering is definitely the way that this is been sold to the american public so

americans who do know about it are almost complacent and they almost feel like this is being done to protect their security and to protect you know their ability to be free americans to hipsters out there that take pictures of buildings too before the show i want to mention one last thing though right so we see this erosion of civil liberties and the like you said it's going towards people are taking pictures of buildings and whatnot you see it every time you have to fly and go through the airport but there was another charge that came out that really really shocked me because all of this is supposed to be carried out and done under the auspices of investigating terrorism but it turns out that the patriot act in fact has been used more for drugs if that comes to for these warrants that are delayed notice they've been used a much more for drugs one thousand six hundred eighteen times and they have actually for terrorism only fifteen times what does that tell you. it just shows me

that the patriot act has not been effective in actually dealing with so-called terrorists the patriot act has been extremely effective in violating our privacy peering into our personal lives and basically making us feel like big big brother is watching us nonstop i mean there's a reason why george orwell was so freakin brilliant ok this is straight out of one thousand nine hundred four we're living in a police state we have the government keeping these heavy files on us when we're completely innocent and doing nothing just just so i'm clear i've been favor of fighting terrorists i'm in favor of national security measures that are deemed affected and do not violate our civil liberties but that is simply not the case with the patriot act and to think that a president who ran on a progressive campaign expanded on the patriot act it just makes me sick to my stomach and you could save a lot of fences worse than that as they steal you mention the fact that now he's put american citizens on an assassination list on a kill list outside of

a war zone with no due process that is a really insanely scary scary amount of power they're showing there and i thank so much for joining us tonight thank you. well still ahead tonight we have our wednesday edition of newsstand and i read it and this these it's kind of watergate over the last question the author of no war a christian nice guy just not. into it all we're going. to go we're going to bring justice for accountability. i have every right to know what my government's true if you want to know why i care. but i would characterize obama as a charismatic. of american exceptionalism.