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tv   [untitled]    February 6, 2012 10:48pm-11:18pm EST

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there are surveys of war hiring intentions also line up at the b.l.s. that all the car companies itself report sales which also aligned with what the b.l.s. had to say so clearly they couldn't make this argument so they just went with baseless accusations of cooking the books and vague references to hell the so least scary pro-labor woman now honestly is kind of entertaining to watch republicans desperately try to respond to something that is positive when it comes to the economy but if they're not spinning conspiracies and they're just simply saying that obama should get any credit for any improvements. celebrating the city dream this suitably emergency was the big push and by the way he doesn't get credit for things going. that's right i guess he only gets credit when it's a bad number of course now the real issue here is how the government and the media report on the jobs numbers every month where they don't highlight for you six or the long term unemployment so i suggest that fox news talk about that which again to actually get better last month so overspreading innuendo and conspiracies
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because reality just doesn't suit their politics fox and friends are tonight's poll time winners. high as time for happy hour and joining me this evening is andrew blake artsy web writer and mike riggs associate editor at reason magazine and reason dot com and the gentlemen thanks for joining me now absolutely now before we get sort of at the top you are a bit tell me more about what happened when you went to occupy d.c. to get roughed up yeah a bunch of cops jemimah good jerks oh marable yeah we have it all we're happy you're ok. my the camera see the space next there is a next time. my turn here that are only twenty bucks to. it only cost me twenty bucks an hour that's gotten up. that's awful we're out of here ok so you got
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robbed whatever ok let's talk more about we've been we've been covering the mega upload story here on this show and basically we're still i think waiting for some details about kim dot com to take a look. one of the world's biggest sides i go up load as bench down prosecutors in virginia charge. in violating piracy law the site was shut down yesterday three employees arrested on accusations they facilitated millions of illegal downloads cost copyright holders of hundred million dollars and. the rights of letting her give all the details on the original respirator but basically what's happening now in terms of some of the fallout is there's this site called bt junkie which is one of the largest torrent file sharing sites and they actually shut down voluntarily over the weekend the guy wrote this is the end of the line my friends the decision does not come easy but we decided to voluntarily shut down we've been fighting for years for your right to communicate but it's time
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to move on it's been an experience of a lifetime we wish you all the best so i what do you think is this going to be a trend like this has mega upload been a big enough example of the other like sharing sites are starting to freak out i think they want to get out of there where they still have their lamborghinis montserrat eason ferrari's that they've got by enabling online piracy for over a decade of the united arsenal of a songwriter and also i know i understand hard news dot com i know it's entirely to run this i know i know there's totally legit stuff on there there's totally there's a voluntary file sharing buy music arses off but also a lot of these guys got rich through through some sketchy stuff and they want to keep their stuff because the way this works and what you can dot com he lost everything he lost so much when he couldn't post bail so i mean these guys they don't want to have to come under the hammer of like asset forfeiture which is what's so absolutely not i don't want to go under the hammer and it's horrible if you didn't get everything i mean i don't know i don't get i think yeah i mean you bring up a good point there i think it's cute that they think this means we're going to start buying things to go over better through in the towel you're going to have to
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go to the record store nope going on twelve years of not buying anything and some of the stuff and right now well the truth is you know this people do have legitimate stuff on their you know and that they share and. you know i. can't do that we still can't through the answer. we have spent so no one ever did it. i guess that's what you want to do when you. write you guys obviously aren't on the internet never mind we can just move on to you know. can you imagine i mean you know people get really sensitive in this country about if you talk about experimenting and i think that we've seen fox freak out about things like this in the past really bad situations take a look right now get ready for the age of designer babies in l.a. fertility clinic says it will soon allow parents to choose traits like gender hair color i color and skin color doctors there using technology usually used to
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screen for diseases and there is not a single law on the books in this country to stop them but. that was a scandal yeah now take it take a look at this though now i have specialists arguing that basically they can remove defective genes of place in the healthy d.n.a. from a donor give a baby a third parent and they're defending this procedure saying it was not properly understood it wouldn't affect the child's genetic makeup but that's really when i get defective genes i go when i return to the gap am i right. when i this is yes you're right very good i just see this is like one more person for children to resent you know it's like mom dad dad to mom to like i hate all three of you you know you have all the ones you've read the low hanging around you know yeah for your addiction or you know i think that's fair you. your grandparents you get to blame them for right away that we don't have to personal right now. i mean we just
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need you to girls one guy. told me is that you cannot love to have two moms that. are you right yes. if that's what i mean yeah you are right. but i stay away from. the flipper babies i live or die and bombing iran is much more serious because we see a lot of leeway right now the rhetoric is heating up making crazy arguments including now ferguson here's a clip of him talking about this piece that he just wrote in the daily beast on i think it was morning joe this morning. people say if we attack iran they're going to attack us back. well the thing to remember is that assuming the united states does not leave israel in the lurch there's already a huge amount of naval power converging on the strait of hormuz in the persian gulf region with american support even if it's only
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a naval support there's not actually a whole lot that iran can do. right so here he is advocating for war with iran says israel should go for it in the p.c. says war is an evil but sometimes a preventive war can be a lesser evil than a policy of appeasement to people who don't yet know that are the ones still in denial about a way nuclear armed iran would end up costing us all feels like the eve of some creative destruction are you sure it's what you say you sound so charming oh yeah. yeah he's very important. point is this you don't even sound like a warmonger to me i like no ferguson. it's a great game you know it is it is your flying it is horrifying that he's like teaching all these impressionable young kids about how important it is to have preemptive are you going to have any kind of preemptively ready leveling is that what we're going in our minutes is now we don't we don't like to use the world word war but you know i mean we say country leveling yeah. yeah what's fixing
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fixing things i don't blow it out or blow it out now when i never says a word war you always use as much general language and well gags if you if you spread it out a little bit instead of just using the exact word same way we like to use you know limited humanitarian that's why the like making a choice as opposed to everything. yeah it's crazy like these are all the reasons that make total sense why people are arguing we should go to war with iran and why israel should bomb them and let me just tell everybody why that's wrong and well i listen. to what is your opinion on this we should you're saying we shouldn't bomb no ok i don't think you think i was the oldest general i know you're asking those very murky yeah i don't i don't really i assume by the viewers know very well i assumed you guys would know how i feel but. never let's move on. i will finish this on super bowl and assume you guys both watched the game last. night saw the last
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minute or so all right is he going to actually have anything to say we've all just . actually think he might get involved in politics take a look. would you ever think of like running for office please please you know something else to think about and if you know i have no idea right now but. you're possibly. going to know i'm scared he doesn't bite in the top color of fish shirt so that means you know if you have a wrong you know on a dinner john doesn't but the top color for sure to inform you not run for office is on television kept on the top. all right well we have our own and. these are long time i'll get to this without assuming this is no longer just walked out of a bar which is probably not truly probably just walked out of a church i do that of a church now day and we are going there but i must tell you guys thanks for tuning in to come back tomorrow chris hedges getting back on the program in the meantime to forget to become a fan of the on our show on facebook and follow some twitter you can find
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everything if youtube dot com slash the lot of show and coming up next. you know sometimes you see a story and it seems so you think you understand it and then you glimpse something else and you hear or see some other part of it and realized everything you thought you knew you don't know i'm tom harpur welcome to the big picture. wealthy british style.
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market why not. come to. find out what's really happening to the global economy with mike stronger for a no holds barred look at the global financial headlines tune into cars a report on our.
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hello this is tom hartman in washington d.c. and here's what's coming up tonight on the big picture a massive national mortgage foreclosure settlement is in the works but is this a good deal for the people or the banks being let off easy despite committee widespread felony fraud also legislation being held hostage by republicans has become a hallmarks of recent congressional sessions but now democrats are caving in to their demands how will the democrats willingness to bend affect american workers and the flag ship occupy d.c. encampment was raided and evicted this weekend occupy d.c. group recover and where does the movement go from here.
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you need to know this will actually get that tonight's top stories a bit later i first have to sign these papers here. the bankers pay me ten bucks a pop to sign these so always pipes or i sign each one translates into a family get kicked out of their oh home and i've signed a million like you know these suckers you know it's just ten bucks a pop up. it's funny the banks that supposedly own to these homes they can't find any of the paperwork to prove it that's because they never took the time in the first place to gather the paperwork since they knew they were just going to turn around and sell the mortgage anyway or cut it up or bundle it with thousands of other mortgages and get some in their pocket ratings agency to give it a aaa rating and sell it off to some schmuck investor then when the economy went
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into a tailspin and a bunch of poor suckers couldn't afford their homes anymore the banks had to scramble to prove they had the paperwork all along so they hired me and now i get to sign all these regal documents make it look like the bank had the mortgages all along even though they didn't but we'll keep that a secret between you and me so we sign a few more here. they call me a robo signing and some people say what i'm doing is illegal but hey it's ten bucks a pop though it is strange that i have to sign a different name lisa smith on each one of these documents and will just do what i'm told. all right enough of that you might remember that about a year and a half ago it was discovered that the nation's biggest banks like wells fargo bank of america j.p. morgan chase ally financial and city group were exposed for using robo signers like i was pretending to be and as i just showed robo signers were just people they picked off the street to come into an office somewhere and sign thousands of fraudulent legal documents making it look like the banks own properties that the
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banks didn't really own all that just so they could for close on whoever was in that particular home this is complete and total criminal fraud it's a criminal conspiracy to force millions of people out of their homes i might as well be citing fake checks walking to the bank to catch them that's how fraudulent the robo signing process was and this fraud was ordered from the very top senior executives on wall street and it got the attention of all fifty states attorneys general washington investigation into the banks after more than a year of that a settlement was worked out in just the last few weeks basically the big banks have to cough up twenty five billion dollars in penalties and use that money to help keep people who are on the verge of foreclosure in their homes where modify their mortgages they also have to change how they deal with customers and change their current foreclosure practices in return the banks get immunity wall street c.e.o.'s and other banks to criminals get to walk free and keep their bonuses after
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committing one of the biggest acts of criminal fraud in the history of the united states and they can't be held liable for any other lawsuits brought by any attorneys general who sign out of this settlement again at least so far as i understand the deadline for the attorneys general to accept the settlement or not was today and as of right now not all attorney generals have signed on to california new york being the primary holdouts but it looks increasingly likely that they will so this is a good deal for the people are the banks getting off easy despite committing widespread fraud here to answer that question is jordan as stoffel campaign director of national people's as. action jordan welcome thank you very much for having me tom thank you for being here and joining us why the hell would the government be negotiating with admitted criminals well because they admitted criminals have great great legal representation and you know but what's what's good about this like the good news and bad in all this is that this this settlement represents an acknowledgment by the obama administration and by the attorney
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general that part of the solution the biggest part of the solution for the crimes for the consequences of the crimes of the banks of committed is principal reduction for homeowners getting homeowners out from under the overhang of debt that you know that they're at that they pay right now because more than twenty five percent of homeowners are currently underwater on their mortgages but i understand that this is going to work out to like two thousand dollars per home i mean that's that's that's law tends to get better go bad and you are one hundred thousand dollars under underwater exactly right that's the bad news is that this twenty five billion dollars even if all of it were to go toward principal reduction which we don't think it will and even if it were going to go toward just homeowners which we don't think it will even if that were the case you know americans collectively just hold just of just homeowners people that live in their houses and their mortgages their is their is their main form of debt. are are collectively more than three hundred billion dollars underwater on their mortgages and so you know twenty five twenty five billion dollars doesn't even if it's a very small book in
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a very small drop in a very big bucket doesn't even doesn't even start to address the problem so why are we even having a conversation about this i mean you and me but you know the government the banks and why you know why are they saying the banks are is ok we'll let you not go to jail and by the way we're still going to screw the homeowners yeah so you know back back when this investigation started we were promised you know we were promised a fundamental we being the people the american people by the attorney general were promised that this would result in a fundamental transformation of the mortgage industry and the way mortgages serviced that it would you know they would make families whole and you know we. even told the people to go to jail so none of that happened somewhere along the line you know lawyer against lawyer we ended up with twenty five billion dollars so in bear in mind put this in context these are the banks that crashed are an entire economy our entire global economy that are now paying out near record bonuses and compensation hundred fifteen billion dollars last just this year that's right exactly and in bonuses exam they're going to throw twenty five or thirty five
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billion at the homeowners like in here guys compared twenty five billion to the hundred five billion dollars at the about going to st paid out and then in one thousand nine hundred ninety eight i was back when money was actually that's when it was worth a lot more you got it right and so this is so we're saying that you know the price of peace here the banks really need to pay three hundred to three hundred billion dollars for principal reduction that goes toward making families whole it should be the banks that take the hit for all this overhang of debt and not not regular families right and and how about some banks are going to jail so that people in the future don't consider this you know it would it would go a long way toward discouraging that i have and i have heard. that the attorney generals of california new york eric schneiderman and what's her name and. this is harris in california have been holding out for a basically a loophole in this thing that would allow them to continue to prod pursue criminal prosecutions so california has the largest number of retail fraud and new york has
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the highest number of at the level of the banks need it is fraud is that true is that going to happen so you know we'll see if they sign on or not the landscape on this seems to change every day but you know what we do know is that that twenty five billion dollars if we're going to sue the banks for robo signing alone just that act of terrible fraud that has resulted in pain and lost wealth for you know. lots and lots and lots and lots and lots of people you know if you're just going to sue in that twenty five billion ok but don't let them off the hook. for one more thing other than the robo signing itself because there's lots more that the that we should be going after them for from you know origination of fraud to securities fraud like the whole the whole package so you know this settlement if it's twenty five billion dollars it must not result in any other release or claim any other immunity for the banks to be sued by individuals by states or by the federal government for any of the other crimes that they've committed so i agree but it
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does is that the nature as it is that how what's the process here is there any transparency of the process of this negotiation or is this all happening you know in smoke filled rooms and and you know with banks or lobbyists and politicians involved and stuff like that really is it purely legal what's what what's the deal too much of it has been just just backroom legal negotiations between bank lawyers and and attorneys general and there and and their staff the home you know actual homeowners the people who have been affected by this have not really been at the table so it is our intention you're probably aware of this new investigation that that president obama announced in the state of the union address where where eric schneiderman the new york attorney general is heading up this this new task force to investigate securities fraud so we intend to make sure that this twenty five billion dollars is just a down payment and that this new investigation needs to go the distance it needs to
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have homeowners at the table and it needs to result in three hundred billion dollars in principal reduction for american families because that's the scope of the damage that has been done welcome people watching this program right now do they help make that happen they can go to new bottom line is a spell out new bottom line dot com or showdown in america. because you guys are pushouts that's what does it have to do with that's where the good news you know for the past over the past year tens of thousands of families have. families have written their attorney general have have called their attorney general office of called the obama administration. by the way this falls squarely at the obama administration's speech they have been pushing for this got twenty five billion dollars settlement to resolve quickly and they're the ones that set up this new task force so we need to see actual results from that not just window dressing jordan thanks a lot for being with us tonight thanks very much have much appreciated there's a reason why bankers will get off scot free without arrest in all probability for committing a great just fraud and why on the other hand thousands of peaceful americans have
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been arrested for exercising their first amendment rights. you know in his dissent in the supreme court citizens united decision justice stevens in the dissent wrote in the functioning in a functioning democracy the public must have faith that its representatives over their positions to the people and not to the corporations with the deepest pockets well speaking the corporations of the deepest pockets here that hears these banks tears he says are criminals they committed forgery on a massive scale if you or i had done anything close to this we'd be in prison ten seconds with a typical sentence for first time fraud of six months to four years depending on the state depending on the nature of the fraud of the forgery for a single count of forgery these bankers ordered to and that's and that's for a single count of forgery these bankers ordered tens of thousands of forgeries this deal that is being put together just like you know justice stevens was warning about with regard to citizens united the same thing it's going to reinforce the
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perception among americans that we have to criminal justice systems here in the united states one for the rich and powerful and politically connected people and one for everybody else and that our roads our faith in our nation and which is tragic but there's you know there's a good reason it is a road in it because cutting a deal like this for the banks toure's both tells them and average americans that they're above everybody else and apparently are. they shouldn't be and this deal stinks and if the bankers wouldn't fix your mortgage without this kind of immunity their bank should have been shut down and they should have been sent to jail ironically we should have done this the way that ronald reagan did in one thousand nine hundred six or sort of i did prove a little bit on that he sent over a thousand banks toure's to jail you know people like charles keating and a whole bunch of other criminals when they brought down the s. and l. on the other hand neil bush was one of the guys who got busted and that he was the son of the vice president he loaned to he was on the board of directors of silverado savings and loan he loaned to his business partners
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a hundred million bucks from his bank the money was never repaid so he paid a fifty thousand dollar fine is that are going to jail neil bush should have gone to prison in one thousand nine hundred six in the bankers on wall street today should go to prison today. we just put a picture of me when i was like nine years old so if you tell the truth. i confess and i am a get a friend that i would rather get caught and three. he was kind of yesterday. i'm very ill with his place.
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you know sometimes you see a story and it seems so you think you understand it and then you glimpse something else and you hear or see some other part of it and realized everything you thought you knew you don't know i'm tom harpur welcome to the big picture.
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and the best of the rest of the news the nation's oldest occupations suffered a blow this weekend as d.c. park police raided and evicted most of occupy d.c. and can't let it mcpherson square on saturday just before noon dozens of officers in riot gear on horseback and hazmat suits moved into the camp and disassembled and trash tents that they said were not in compliance with park rules nearly a dozen occupiers were arrested in saturday's tense raid most of across from police barriers although there was a report that one man was arrested for throwing
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a brick at a police officer while the police claim that the weekend's events were not and eviction and did leave some tense behind it. clear that occupy d.c. is apparently. clear paranoia shell of the vibrant community used to be a similar police raid was conducted on the sister occupation and freedom plaza on sunday but little confrontation and few were tense or so where is the occupation of the nation's capital stand now after the crackdown here to give us their insights are tucker journalist fightback dot org and robert stevens the second participant with occupy d.c. and welcome to both thank you so much thanks for joining us great to be here pete what happened in for mcpherson square as we can well there was as you saw in the images that you were saying a massive police presence one of the reasons that their allies the republican congress member gave for why the occupations of d.c. should be moved dollars because pretty good macpherson was doing damage to the park costing there was four thousand dollars in investment made and they're kind of
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ironic given the allies as the only member of the house of representatives as a criminal record itself is a very interesting path. and it also is ironic that to save money when you look at the operation that was launched on saturday we're talking over one hundred people the factor in the park police and the cleanup crews you had a helicopter humvee horses this was a somewhat like a military style operation and no expense was spared amazing robert what's the state of the occupy effort today and is there any kind of. you know i in those in the set up i said it's a shell of itself but i'm guessing that's actually not the case how are you guys reorganizing with regard to not being able to sleep there and yet still having community right before i get to that response i'd like to first talk about the brick alley.

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