i love. me. world leaders are smiling for the cameras in france but spending a lot of their time focusing on the crisis in the eurozone meanwhile other serious global problems are getting the cold shoulder as the g twenty summit wraps up and world leaders really save the day. for. the euro's to get through endless questions changes. and yet all eyes are on greece today as the prime minister prepares for a confidence vote so as this greek drama continues what will this mean for the global economy would you promote your foreclosure on the job draw and. then we want to go to shareholders. they answered uncle sam's call when he needed

help but as u.s. veterans head into a different kind of battle uncle sam is nowhere to be found leaving the few in the proud to join the masses of homeless and unemployed americans. if you're going to look for the person who has nothing wrong in their background you know really. what happens in washington doesn't necessarily stay there especially when it comes to the mainstream media's love for political sex scandals so should a politician's personal affairs affect his political career and with more than a majority of americans saying political correctness has gone too far is it out with the old and in with a new way of thinking. it's friday november fourth seven pm in washington d.c. i'm christine for us now you're watching our t.v. well we have some breaking news at this moment the confidence vote in greece has

just passed we will be getting some more details in the next few minutes but i want to talk about this as well as the g. twenty summit what has been decided there and you do that just a little bit earlier i spoke with karl denninger he is with a marketing. they attempted to get some kind of a deal hammered out that will isolate this to greece and the reason is greece does not have any hope of actually being able to be saved there is a default in the future for that but the concern is not greece because the exposure there is is able to be handled it's going to hurt but the problem is italy and if it spreads beyond greece and into italy and portugal and italy's bonds in particular have been under attack the last couple of weeks and despite all of the arm waving in feel good promises of backslapping that has gone on this has not slowed down so we get to a point here where in the next few months there is some world over that has to happen in india tell you that market but most of italy's debt is

a fairly long duration so is the fear level that's associated with this implies that there is something more involved maybe in the credit protection market for example is critical swaps that we talk about all the time let's talk a real briefly karl about the g. twenty at south we have this conference ivory here and you know if always played up to be such a big deal you cry all the heavy hitters sitting around the table together what actually comes out of these things. very little and the reason for it is quite simple you know to for someone to get someone has to give well who wants to give it serious nobody it's the old question of you know we have currencies in the world today and everybody would like it we current see because it makes your exports easier but that means somebody else has to have a strong currency and of course nobody wants to take it on their exports or to give it to you so we we have this very go round game that gets played with the g twenty

hearings and then essentially people sit around and feel good in the knees of these communiques and in fact nothing hardly ever changes. i guess just my final question for you is you know we've we're waiting on results from greece of course. is there anything at this point that can be done you say to that greece is not quite the biggest worry that portugal and italy are but is there anything that can be done in the next few days to remedy any sort of these situations. so in the next few days absolutely not this is a problem that is thirty years of age it is not going to go away overnight economies are the worst in world to reorganize around sustainable of course in consumption within those economies discover borrow and spend support if it also means without the subtropics or through. the federal reserve this is not something that's going to come willingly but eventually the mathematics just work out the the

way they are these institutions and governments are going to be forced to do the right thing even though it's politically very unpopular and once again just a few minutes ago that news came down from greece the government there won a vote of confidence it was one fifty two to one forty eight we are awaiting more details as prime minister there george papandreou has said he would be stepping down if he got the vote of confidence by the greek people so we'll wait and tell you that in the next hour. well tomorrow is november fifth a day also being called by many people they transfer day here's what's going on remember a few weeks ago when bank of america announced it was going to be tacking on a five dollar fee to your bank account charging you for the privilege of using your debit card well that got some people angry so i'm going to los angeles decided let's all pull our money out of these big banks and put it into smaller banks not for profit from credit unions to stage a mass walkout sort of thinks that's a mass taking money out so why did they give america and other banks impose these

fees in the first place while the big corporate banks got angry when president obama signed into law an act that made it so the federal reserve can regulate debit card interchange fees of banks as a result the bank's profits would be cut in two but before you go feeling sorry for those big banks you should know that before those fees would have been imposed they still make between two and six billion dollars a year just from debit card usage fees that's right every time you use your card your v. make money and not twenty cents each time under the new law it's a teeny that one you could say this idea has it taken off so far seventy eight thousand and twenty four people have already paid to take their money out of big banks this is a subject near and dear to the heart of investigative journalist greg palast i felt the hands of the short time ago from new york and you think. well if they back out

of place they sold real cheap for a couple bucks these are still snakes that are biting you i see the stakes stood by you you know you get eighteen percent credit cards it turns out to be thirty percent why are you doing that run up with them your money it's a financial institution that doesn't beat you up with interest and to china to get lost or or take it to the casino or burn down grease you know i put i've just all my money to lori some people's credit union new york they were low income to be a member but also in new york and join other community credit unions community not for profit banks all over the place one hundred percent of the money goes to the community and look where you got the banks back up on those fees right so if we move some more let's see what it also can get these are boys and when you you know when you seem to believe a backpack costs let's start standing up to the bullies here i think it's you know

i can't think of a better thing to do i think you make a participate in your own problem you make a good point where you thought it's only a few dollars you know most people can afford five extra dollars a month it certainly is the principle but why do you think it took this fee why was it that people didn't do this after the bank bailout you know well because most of these bank fees are here. you learn to paint lay down your citibank bill and this is one example was very typical they only charge you a late fee and they raise your interest months that they go back and recount which interest or several months back that's astonishing maybe six months interest that words you don't even know it it's all hidden hidden charges and so you don't react or is this is the charge it's in your face the banks to just a liberty they fought to create pressure on you know straight to back off regulation instead it backfired on them because they used to basically shafting you

in quietly knowing that you did it in your face and people just don't like it it's the insult with the injury and was so let's stand up to them then once again these banks are so big as well i mean i like the idea of no such thing as too big to fail but in some ways i'm wondering are these two big ideas bank too big to even have the effort hurt and even if all you know seventy eight thousand people. take their money elsewhere will it actually impact the bank's profit absolutely you know probably why number one they do count on the chance to provide those nickels and dimes that keep them rolling it's just like the old numbers reckons they count on swarms of us to just turn over their money so it makes a difference that way but there's nothing it's a. each person that moves their money from a bank has moved their political legions from bank tremendous political power i did

the story that broke the story about goldman sachs pressuring this community creating lower east side peoples in new york. they were required by law to give some money it's called the community reinvestment actually put there they are legally required money into this crazy union and when this credit union said we're going on your honor occupy wall street and move their money out on the street you need said yes join in move your money campaigns goldman threaten them and say they're not no bank will ever give you money again so you know there is their feeling it and when they had then by the way when they did honor occupy wall street at their annual dinner the community credit union here in new york. at the local congresswoman was there the congress people listened congress people have gotten ahold of them local politicians national politicians what's happening is that these community creating intense thousands of of local people concentrated that's

tremendous political power don't knock it that's why unions have force because they're concentrated political power is groups of people instead of groups of money this is how the teachers' unions have become so powerful so now we're bank consumers and we going to be a tremendous political power and people think well wait a minute and we have to start changing banking rules so they're afraid the banks thought that you're powerful because they thought they charge you you'll scream and obama said just if you later charge you so obviously the base think you're parcel with your money so why don't you think you're powerful don't feel helpless that is a very good point. you talk about the threat by goldman sachs. when you surprised that i was really surprised that when they announced these fees and they talked about you know it's only for people with less than twenty thousand dollars and your account. were you surprised to hear that i mean twenty thousand dollars that's a lot of money to always have in your account of course but they want you to

keep at least that much for them always when they say you're campaigning what you've given us you have a curious enough we're going to charge a very give us enough give us more give us more yes that's a whole condé that's the whole game they want to force you to give them more of your money so say no i'll tell you what instead of giving so my money i'll give you none of my money and put it in a place where people won't say your account is too small charge you for it i mean like for example or you say people that i met you can have an account as little as five dollars you try to open up at any commercial bank in new york where we can if you have five thousand account the quote will take a side dollars and something close your account they won't permit it they will tolerate it poor people have been getting these charges for ever and all they've done is move the charges that they already get for people with and move into the middle class so enough now we're all part of the poor class we're not only for the ninety nine percent we're part of the lower one percent they're treating us and

treating us as if we are the poor for a long time so now we're getting a taste of it let's say enough but don't give in the don't give more money to to you know can invest in someone and give my money to places and then insults me charges me and tells me to beat up the president because they don't like being regulated the distortion forget it not about bite the hand that feeds you we should mention to a lot of these credit unions have reported that since the announcement came out about the fees they have seen a huge influx of new customers so certainly we've already seen that but we will keep our eyes on tomorrow to see exactly what happens and that's a good journalist greg palast thanks so much. we have an update for the occupy oakland protest tonight it looks like yet another veteran has been injured cave on sabaidee is now in intensive care with a lacerated screen after the protests in oakland this is just one week after scott olsen a veteran was hurt now the latest injury says the police of being him with the times

it turns out there are a lot of veterans protesting at these occupy wall street movements around the country and many of them have really been personally impacted by the economic downturn despite giving their time putting their lives in danger all in the name of serving and protecting their country many of them come home and can't find a job and they have very few options we wanted to speak directly to one of those veterans or veteran anti-war activist mathis or row as his friends and brothers continue to face dire straits i asked mathis to tell me a little bit about his story and what his his friends are saying take a listen. well it certainly has been a problem for everybody there are no jobs out there hardly any to be spoken of and it certainly is impacting the veterans community. i saw a statistic just the other day that suggests that better and skidding out of the military now are facing unemployment rates twice as high as that of your average

citizens so yes even even considering that there are programs out there to help vets get jobs through the v.a. through the state the problem is nobody's hiring i think that that's a problem for a whole lot of people but you're right there is this notion that in this country if you sign up and you serve and you do your duty that you're going to come back to a lot of options and certainly we are an a problematic economy right now but who do you think is to blame for this problem the fact that twice as many veterans are without work are having trouble finding work that your average person. why would i would blame the military and i would blame the wars you know first of all the war systematically makes people unable to be employed it creates disabled veterans who've been many of them can't see work some of them have benefits from the system some of them never

go to the v.a. and never get rated. others take jobs that do damage to the body i mean i know me right now i have a serious injury in my lower right leg it didn't occur in the military but i'm more or less disabled and the only work i've been able to find is on my feet for at least ten hours a day so i wait tables when really trained to be a writer and to be a journalist and that does physical damage to my body and it's not just me i know so many veterans who tell the same stories and then for. example when they face issues you know on the job of like you know on i'm sorry but my you know my body hurts i can't lift this specific thing you want me to lift or you know i don't know . the effects of post-traumatic stress disorder have made so many veteran friends of mine more or less unemployable and it's a it's

a terrible situation and it's one that doesn't really have any light on the horizon for us i think that's a really good point to bring up it's not always just the physical injuries that sometimes the emotional injuries that a lot of that has come back with and for whatever reason it's it is hard to hold down a job a lot of family issues there too but what about training i mean when you're trained in the military to fight to serve to protect do you think the military trains or have people for other non physical jobs so that when you get out you have options. i mean it depends alternately what the military trains everybody to do is to engage and destroy the enemies of the united states and in close combat you know we've talked about this before but there are other options for employment in the military myself i wasn't infantry or artillery i was strategic communications i went in

thinking i wonder learn how to write and i want to learn how to take pictures so that when i came out of the military i could pursue a career in the media. the fact is you know that's it's just it's just not that simple even people coming out of the military with skill sets right now that don't involve blowing things up and killing people even those people with skill sets are finding that that the market's not looking right now for writers and for creative people the markets looking for fright folks and burger flippers and table waiters like what i'm having to do and hopefully this is going to turn around in some point but you know it's is not. contributing in any positive way to the crisis that we had and veteran suicide right now this is not contributing to helping men and women come back and you know re uncertain selves into the communities and readjust from the experiences they've had it's absolutely great now and it's not even just

veterans and i feel almost sometimes twice as bad for my friends who are veterans simply because you know they don't even have employment preference you know at least when i know i go into a place and there's ten other people on the list waiting to be interviewed i have at least a little something that makes me stand out you know it's a it's a bad time in america right now and that was not this are all war veteran an antiwar activist so i had here on our team from the winner gates to the same group us always have a long history of political fact and all but in this jersey shore generation for anyone really care what a politician does between she. was either the police corruption of the of god or god

but what about half the but nobody seems to know what the book that never operate the face but hardly argument that they're being overly dramatic . well it sure didn't take long the twenty twelve presidential field for the g.o.p. is still wide open and as we may have predicted one of the front runners is embroiled in an alleged sex scandal with politico breaking the story that several years ago two of herman cain's employees at the national restaurant association received settlements after accusing him of sexually harassing them this is a story you will see just about everywhere but we want to look at things a little differently first of all how big of a deal is this and has political correctness gone too far argy correspondent liz wahl has this report. don't leave the part where asking me the question did

you hear about ok illegal by the media fascinated by cain's alleged sexual harassment scandal have mine after had line is he denying the cash payout to the two women what does this make people think of herman cain cain's accusers have yet to come forward to tell the public what exactly happened yet the media remains fixated on the issue while at the restaurant association laws accused of sexual harassment functionally accused but do voters really care apparently not in iowa where they seem unfazed by his alleged promiscuity back in the ninety's doesn't pass misstep make someone unfit to lead if you're going to look at a person who has nothing wrong in their background let me know where that could all go for him but despite the revelations cain is keeping his position on top the day after the story rarely herman his campaign so they are the best for

a reason to ever was one of the in two thousand dollars in one day a post scandal poll shows cain is still in the lead but twenty six percent of likely republican primary voters supporting him. and we're going to go with the person who makes the most and who has the most interest that i consider important part could it be that americans are realizing they're just too politically correct a recent poll shows seventy nine percent of americans see political correctness as a serious problem in the nation so far cain has proven saying p.c. isn't his top concern with no real sense or anything that. was. electrified. so does america need to learn how to take a joke and who knows once we find out what these allegations were or what if it's you know it could just be the way herman cain is that. he jokes and somebody who

has the wrong way well in the red hot race to be the next republican nominee and we're likely to hear a lot more dirt dished about the candidates past the question is do voters care as much as the mainstream media are they more concerned about who will best lead this country out of its current quagmire and washington was well arcee. so is the mainstream media just hyping up the latest political sex scandal to boost their does in the ratings or is there a real story here i want to explore this question at the end of the day if the politicians personal affairs actually affect the way they do their jobs well for more i was joined earlier by chris chambers journalism professor at georgetown university and daniel ferrazzi president of grassroots p.c. i asked them if this was a case of political correctness gone too far as with that. i think so and there's a fundamental difference in this story between allegations from anonymous sources of sexual harassment and inappropriate sexual behavior and i think the underlying

foundation is that voters are exhausted in a lack of leadership in this country and while they're focused on this functioning congress economy in shambles just recent polling nine percent approval rating for congress which is pretty much family and staffers record lows for the president politico rasmussen just had a poll that eighty two percent of americans feel that they are worse off than they were five years ago yellow pad one saying seventy five percent are worse economic shape than they were and looking forward to the future as well i think that's the bedrock of the problems right now and what do you think ross well you know if it's political correctness there is a dearth of common sense and tolerance in this country. and there's a difference over what the words common sense and tolerance mean depending on what side of the spectrum you might be on and that's the key is politics i don't think

people don't care about it's personal life i think they don't hear about the candidates personal life if their candidate is targeting their target their graphic so in other words if you know you have a campaign that's marketed towards a certain target and you know it could be. african-americans who could be very conservative republican base voters if they're ramped up and hyped up and sparked up know they don't care but it's not i don't care because it's not important i don't care because i think that's a really good point and if you look at history there seems to be not a final answer here there's a real split decision remember back in the late eighty's there in one thousand nine hundred seventy i think presidential candidate who everyone thought was a shoe and gary hart photos surface of him on vacation with a model who was not his wife and his political career was over but then let's fast forward bill clinton in during the campaign season we have to gennifer flowers

scandal we have during his presidency the monica lewinsky scandal and guess what he seems to be the most one of the most beloved president president that's alive right now so are people changing or people become becoming more forgiving what do you think i think it again i'd separate the situation between mr cain and a lot of these other individuals i mean you have foley flirting wiener tweeting larry craig tapping his foot bill clinton in his situation i think right now is america's most. right now the big problem that people are focused again on the economy the despondent congress the dysfunction of political process and a frustration lies with one of these guys have the time to do this stuff so perhaps if the economy was good and things were good then we could care about what actually was going on and we. again we forgive as well as him bill clinton situation which you are titillated so well it's. there is what you said earlier about ratings

i mean this keeps the this keeps this churning and it's good for everybody if you're if you're directing the search slice of voters especially the republican side and you are all of a sudden now was a as a victim and you were their champion. you start raising more than a quarter of a million dollars three hundred fifty thousand dollars you know in two days so it's good for everybody let's talk about the media coverage of this chris you're obviously a journalism professor at georgetown for the last few days this herman cain story this has been all of that anyone is talking about it's almost as if nothing else is even going on in the world but i think jon stewart kind of put it put his finger on it i want to play a little clip that he did after last night on the talk about. where the congress would have a thing about it would be united states. part of our national heritage ever since our founding fathers created our motto back in.

is that what we're doing or are we are we taking to justice for new mothers i got a couple out of the america you've met are drones and i mean are people. you know it's speaking of drones there has been a lot of drone attacks recently and there is a almost a war going on in somalia right now i'm not hearing about that you know it sounds towards talking about what congress the talking about there are things going on in the world but why is the herman cain story taking up so much of the airwaves but this is simply the bogus nature of what is perceived as quite a tabloid here in town being politico going off of this story feeding the narrative from anonymous sources the other problem being i met with some of campaign senior leadership on wednesday and this surgeon appalls contributions except for a did not enable them it happened so recently they haven't been able to hire an adequate staff to be able to deal with this situation so they in turn as well fed

into this narrative if they are able to redirect back on to his strengths talking about the economy talking about what we're also have a looming crisis with iran you've mentioned somalia we're gonna eccentric separate there are so many fundamental issues that the voters care about that that's where it needs to get redirected on and this is purely just spectacle media it's just a question now you know does the media. are they giving us what we want are they telling us we should want well we've talked about this numerous times i mean it is a chicken and egg sort of the luma but again it depends on what they're trying to do to keep their viewers but the fee to their sponsors happy so in other words you know on you know on fox you will see you know the talk show kind of defense mechanism triggered might not be for any other reason but to make their.