is better than just letting the j.p. morgan run the financial system and that's what you were asking the feds. now your critic your you're critical of the government and at least being in charge so does he have a point about the fact that that's only the j.p. morgans of the world in charge who does he think is running it now j.p. morgan it's goldman sachs it's wells fargo it's it's all the big banks i mean that and they are they are the ones who ran to the big banks set up the fed when they had a meeting in jekyll island georgia. senator nelson aldrich who was the son of john d. rockefeller and j.p. morgan himself and all the other big bankers they wrote the federal reserve act they promoted the federal reserve act the federal reserve exist to benefit the big bankers so they so dr baker is is is not just i mean it's a very it's a very silly point this is who runs it and who and so it's the fed is run for the benefit of the big banks of the government big government contractors like the

military industrial complex and so forth and whether we saw you know what's going on in two thousand and eight when they as you mentioned what they did with the special bonds the number of a small prime dealers they have that they deal with the fifteen trillion dollars worth of bailouts they directed to european banks was no tell and we still don't know until ron paul's audit the bill is through to get an actual independent audit the fed we have actually no idea what crimes they're committing but it is a special interest it is the j.p. morgans of the world who set up the fed wrote the fed act got is adopted and have run it ever since so if we if you don't want these special interest plutocrats running the economy then you don't want a federal reserve you want to money that the government can't print up money like gold and that can't be manipulated that can't be inflated so the good the federal reserve uses its horrendous power to inflate to cause the. business cycle to

bring on recessions and depressions but to benefit the government itself and the special interest connected with the government especially the bankers so the spirit of j.p. morgan still hovers over the federal reserve and that's an exact example of why there was a fed because j.p. morgan wanted a fed ok interesting point as you say that that public private partnership is a cartel for the schizm right that's fascism that's the for that's the definition of fascism or government of big business get together to stick it to the rest of us and so no i don't think fascism in money or in any other aspect of society is a good thing you know let me ask you this then because i really want to get to this nuclear story because u.s. regulators are prius nuclear plants for the first time since three mile island my question to you i know you're going to say you know government you don't trust but how can we trust big business which is driven by corporations and profits with something like expanding nuclear energy which has such high risk for everybody if it goes wrong well if we if we have if we have business that's unfettered and that is responsible to the customers

a businessman does not want to radiate his customers i mean people don't want to harm their customers not good for business among other questions on the other hand the nucular industry is was one of these public private partnerships the federal government takes care of all the costs of disposing of spent fuel and they also have the through the price anderson act take care of it make sure that the very limited liability for nuclear power plants so because there is limited liability because they don't have to worry about the ways you can't trust them so it's absolutely true that people have questions about it i i'm entirely in sympathy even though my own view is that there could be a successful and very efficient and very useful nuclear power industry but in cahoots with the federal government we have to worry and of course fukushima was in something in cahoots with the. private utilities in japan and the japanese government and general electric and it's it's. all its equipment and so for them it's the same thing in this country so. people are right to be suspicious on the

other hand if we want to have sufficient energy and we desperately need more energy than one of the things we could do is allow a free market the nuclear power industry to but you know as long as you get the of the lying n.r.c. it just came out as you may remember recently they lied about fukushima to us i mean they their internal emails showed the truth and they were you lying to the american people and long to the world you can't trust the government to be anything but a monopolistic ripoff that's that's a really interesting answer you gave on that i'm glad we got to that question i've had i've covered uranium plants with issues at the n.r.c. too in the u.s. so i'm glad we touched on that it's always a pleasure thank you so much for being on the show. chairman of the ludwig bunmi things institute.

ok so we want to give your three things on a few things before we go let's bring dimitri kofi annan donahoe in the control room because i know we've been talking about the greek debt crisis a lot but it's important because it has really broad ramifications let's first hear what it sounds like from washington. d.c. is the moment to concede. if there is a minimum of compliance with the requirements. this is a moment to turn the page and to. extinguish disease. could. explode sounds really pressing as he was talking about that at the peterson institute yesterday this is what it looks and sounds like of course from grease though so if we could show some of that but i think we have it of protests and that sort of thing so we don't ever want to fall into that washington trap and we luckily do have

a unique situation where our producer dimitri is greek he covered the protests in athens last june there he's been following the greek press and talking to his friends family in context dare to get a more accurate perspective so we want to talk a little bit about that dmitri because i know you've been seeing stuff that we just aren't and i really want you to convey to our viewers what that is that maybe everybody is missing is so i think what i found most interesting was last night i saw two speeches a speech by. the new democracy leader and another speech by the right populist leader who was brought in the lot of person was brought in during this coalition government. and unlike the middle ear mark the has a government run by technocrats he was able to appoint his cabinet ministers. by the most and greece actually has to deal with politicians so there's a there are issues of. of negotiation there that don't exist in italy and he came out and said basically i don't speak english well so i requested a document that would show the agreement in greek so i could read it which is kind

of absurd if you actually think about it you have a country that is ceding over sovereignty and it's being asked it's asking the politicians to sign a document that isn't even in its own language so he asked for a greek document and they gave him an incomplete one and he actually went on there was about twenty five minutes and we showed the documents and it actually had the fact that the very last paragraph we just made in the copy he was given there were a material difference that we have that i gave him on national t.v. and divorced our audience at that age and owing to this showing a difference in the papers so i thought that was pretty remarkable what about people that you talk to and the mood there and the reality there that we're just not getting in the headlines oh they didn't reach a deal you know to go ahead and i mean people have been depressed for a while and they're hopeless and i think that and that that video and those negotiations of the fact that he said he's not going to sign the agreement he's one of the three leaders i think for the first time i legitimately feel like this may last deal may actually not go through you may actually get a default occurring before march because you have people actually saying they're

not going to go along with it and they're part of this new government they put together the only next step really at this point is my have to actually create a unity government full of technocrats and after that what did he say that he said if you don't vote for this then he said that there is no place for you right government he gave he spoke and he said if you do not go along with this agreement then you cannot be in the government as a matter he said he said as a self evident that you can't yeah so this is it's really a pit pitting now between reality which is that they're pushing this country into a deeper deeper depression because people see stores closed the money supply has been contracting there is no longer roath. fling it's a depression environment that's not going to change until there's either a default or some clear resolution in my view that only as a. the whole doesn't mean that they have to exit the euro so i know of no ok so we wanted to get that in let's leave on a light note because it is friday so let's lighten it up let's just show this list which captured all of our imaginations on how to date

a wall street man if we could throw up those bullet points because some of the advice is the most really alarming tell stories that are short and sweet because the mind of a wall street man is always moving so rapidly there is one sexy. don't get upset at the checks his blackberry so not to make a bad joke but are you supposed to hand over your sovereignty as a woman in order of four to have on her of dating a. complete different if you do to waltz through woman. that's a whole new story that they're going to bring up yet again the final word on this because we're out of time unfortunately i don't know anybody who would want i don't know a woman who would want to occupy her time with a wall street because they've been employing suspects behavior recently and i don't think anybody wants to be seen with them anyway. not to mention they're all get so many are getting laid off it's not like there are the. these days anyway that's all

we have time for we want to leave you on a slightly lighter note but thanks so much for watching feel free to follow me on twitter at warren lister and give us feedback at youtube dot com slash capital account i'm lauren lyster from everyone here at capital account have a great night and a great weekend. top

stories in egypt streets in the square brownian crowds once again to present the beret was forced from power. more pressure is on the syrian regime is upon its escalates and a new resolution blaming it lends at the u.n. general assembly. and greek lawmakers headed to brussels with more cuts in exchange for bailout cash while people vent their frustration on the streets. as our top stories this hour i'll be back with another summary for in about thirty minutes from now in the meantime it's the first part of the show.

welcome to the shell where you get the real headlines with none of the mercy i can live out of washington d.c. now it's not going to take a look at a congressional ban on insider trading house and senate members are patting themselves on the back but does the stock act actually leave some of the larger aspects of corruption untouched then an exclusive n.b.c. report ties an iranian exile group to the assassination of nuclear scientists in iran if it's true what does that mean for the u.s. lawmakers who support the emmy kate and chris hedges sparked a heated debate when he called the black bloc black bloc it cancer with an occupy but tonight we to get a response from susie cagle in oakland got all that and more for tonight including a dose of happy hour but first take a look at the mainstream media has decided to miss.

well this morning in an attempt to quell the growing fear over a birth control rule that would require health insurance plans including those offered by catholic universities hospitals and charities to offer contraceptives the white house announced that they would be announcing an accommodation to this rule now the so-called accommodation puts the burden of the contraception coverage on the health insurance companies rather than the religious institutions requiring the companies to offer free services directly to women but this accommodation well it still wasn't good enough for many people out there in the media specifically to fox news oh no you see they've been having a little bit too good of a time ginning up a controversy around this subject to let it go now president obama offering up what white house aides are calling an accommodation not a compromise to his controversial birth control policy there's nothing more. geared to some of these people than than ordering them to pay for something or their you

know their employers to pay for something that they don't agree with on religious group what does this say about the decision making and the power of the presidency when you have the vice president apparently who disagreed with this initial to sit . and you have the chief of staff bill daley who by the way no longer works for president obama is there any connection there to the fact that he's not there and this issue this is not about contraception this is about religious liberty this is about you telling the catholic church what to do in defiance of their beliefs and so the media unfortunately really covered it the way the president was framing it not as a religious liberty issue. you know i'm not exactly sure what media that woman over there has been watching because i've been watching a lot and there's that one single discussion that i've seen that's focused solely on women's health rather than religious liberty now the most that i've seen is a lone pundit trying to shift the conversation back to sanity back to a discussion about the fact that ninety eight percent of catholic women have used

contraception at some point in their lives i still haven't seen anybody make sure to point out that this rule before was altered wouldn't apply to churches but to church run institutions hospitals huge universities that employ thousands of people of multiple religions now and so what i've seen is a concerted effort across the republican party and of course its mouthpiece fox news to create as much hype and hysteria around this issue as possible it's fox doing what they do best right picking a culture war issue and then going to the mattresses every host every show the same thing over and over again you're under attack by the president it's nonstop right they've been doing it for hours they've been doing it for days on end and i guess it's great t.v. nothing gets a crowd more riled up in a social issue which i can attest you from checking out see pac this week but the problem is all it may not seem all that shocking that fox news is leading this cycle the rest of the media is gladly hopping on the bandwagon there ready and willing to pretend the birth control rule is the most important issue facing americans right now. you know his rivals have been calling it

a war on religion and now the president appears ready to walk back a new policy that would make catholic institutions responsible for their employee's birth control costs the administration will not require religious employers to cover contraception costs for their employees they'll be able to get it indirectly from the health insurance companies that work with these institutions seems like the white house completely underestimated the response that this decision would get from both the the catholic community the religious community and the right. yet a third turns out that c.n.n. m.s.m. b.c. they're just game for a culture wars boxes like nobody can bear to be left out for them it's a breath of fresh air from all the real news right war a stagnant call stagnant economy and shockingly enough fox's shepard smith was the only want to actually pick up on that. the sense is that the economy may be improving and suddenly we get a social issue popping up like this how this happened. so isn't it interesting how

that happens in fact shet really might be on to something we've had one good jobs and for all of a sudden the economy is no longer making good t.v. now they've ever really spent enough time talking about the true fact of the housing crisis of the recession on millions and millions of americans but i mean this is just too transparent they spent a couple of days pretending to care about the people that the positive jobs report left out the millions of americans that become so discouraged and they left the workforce the disturbingly high number of people that have been unemployed for six months or a year or more but who cares about them when you've got a wedge issue ready to exploit so an attack on religious liberty indignant men and women splashed across the airwaves pretending of their religious freedom is at stake i have to think that there are a lot more important things going on in the world which is why i've dedicated such a little coverage to this issue here on my show there's a drumbeat louder and louder for an attack on iran syria is on the brink and yesterday the government came to a twenty six billion dollars settlement with the five biggest banks which essentially screwed homeowners own the u.

six unemployment that's still fifteen point one percent so yeah the birth control rule matters matters to me it matters to women around the country but it does not warrant twenty four hour hysterical coverage from the media the church's past obama responded let's move on but this is just something of the m.s.m. just can't give up this is a story that you know that they're going to miss. well congress is finally acting on an insider trading ban with both the house and the senate overwhelmingly approving bills this week and you could say that it's a good sign that they're finally realizing the frustrations that americans have with what they see as corruption on capitol hill but the senate's version with changes released by eric cantor to the stock act leaves out the political intelligence industry and industry that tracks action on capitol hill. then sell that of your nation to investors so members of congress pacific or republicans are patting themselves on the back acting like they've done the right noble thing i'm

after leaving wall street's role untouched kind of like that foreclosure prods settlement that was announced yesterday and got a like that held by the federal reserve so it all has the same old game and discuss it with me as anthony ran down as though director of economic research for the reason foundation anthony thanks so much for joining us tonight sir i mean what do you think in general right suddenly we have an insider trading ban in congress coming up the president mentioned in the state of the union sixty minutes did that piece but they're acting like they're heroes they're regulating their selves it is astounding to me that we are two and a half months after this issue sort of surfaced in the mainstream news and people still think that insider trading rules never applied to congress in the first place insider trading rules have always applied to congress this stock does need almost nothing with the exception of you have to now be reporting every thirty days what you have in your portfolio as opposed to year it says some small things like you members of congress can't participate you know an i.p.o.

prior to it going to going public but really this is a massive big to do about nothing are all of the breaking down for us because i think of the general understanding out there is that congress members were doing this completely legally and they did not have any rules barring that the insider trading rules apply to every single citizen the united states we have rules against that and members of congress and their staff are citizens of the united states and so these rules apply to that now we have additional rules that apply to congress to to be more forthcoming you know i don't have to disclose to the whole world what my portfolio has in it but if you're a member of congress and every year you've got to you know show this as you see tracks the looking for any you know any insider trading and so when we see insider trading happening on the hill if it's happening within we're going to jump on it and that's where this whole thing has come from but the idea that this. stock act is somehow going to prevent anything different this is you know there are things that are i mean i'm not saying that there's nothing bad going on i'm saying this

does nothing to change the status quo it does nothing to to move the ball any forward no progress has been made here we do actually have now an investigation though right again and there baucus which is. interesting that there's an investigation against mr baucus and maybe it's going to be found out that he did something but we're talking about you know the trade specifically with spencer baucus and i'm not going to defend him whatsoever because i think that there's a lot of problematic things that he's done but we're talking about real pittances here which sure that's wrong and so if we highlight things wrong but we're talking about you know ten thousand dollar tree and whatnot this is the amount of focus has been put on this is completely unwarranted relative to the other massive problems massive corruption things that go on crony capitalism washington it's not to say that this is not bad stuff saying that this is a smokescreen away from what real corruption is in d.c. i would say then let's talk about the political intelligence industry which democrats are really upset about being left out of the stock act i mean do you

think that represents a little bit of the bigger picture though right because that activity on capitol hill that then is being sold yes but even the political intelligence industry isn't that big. i mean we're all your might want to look at you know some serious corruption things you start looking at you know energy subsidies and start looking at some of the i mean you look at both the left and right for the for the president some of his biggest donors have these are getting these massive government subsidies or weren't written into the law until his administration took power let's take a look at something like that because that's on the order of multiple billions not multiples of ten thousand you know you want to look at some of the some republicans who you know their ideology would suggest that they should want to get rid of fannie mae and freddie mac. and yet they stand firm because of the amount of money that they get from the housing lobby that you know somehow they're conservative everything but this one particular issue there and that's you know multi-trillion dollar bill there are some. really big corruption things you know the political intelligence most of that really isn't even that problematic and what few problematic things that there are

it's not worth this effort let's spend all of our effort pointier guns at much bigger targets and we think they're right because. it's i think it's frustrating for a lot of americans and it makes them feel like the corruption is more rampant when you see individual examples right of a congress member that decided that now maybe is richer because of certain information that he was privy to but if there are entire industries that are being fueled out there thanks to the exact same thing that it's a much bigger problem so i want to talk about something that was reported today that apparently the fed had optioned awful certain number of treasuries and they didn't think really and they only allowed three banks to even come in and our securities excuse me the only allowed three banks to come in and be in on this bidding and it would have been transparent see what happened this was all after the taxpayers bailed out aig i.g.s. or technically it's all about how much more money you can get back for the taxpayers to write specifically this is selling a. related assets at the fed oh and that they you know that they held on to close

our action which i haven't taken the time to actually look into the law. so if you come across me i don't think that there should broke a law here but this is you know this isn't a serious and transparency i mean why would we not want more people bidding on these assets you know the that's only going to that's almost certainly only going to drive the price up and if the fed knows something to where if they let this be a public option in the drive the price down well that's probably we should talk about one way or another this is highly problematic and this is on the order of billions of dollars and that was by the way those of barclays that. it is the only one that it winds up getting sold sold sold to goldman sachs you want to look at some shady things going on that you know it's one lax how do you know problematic i can't let you go without asking about what you think of this settlement yes it's broad foreclosure sale and we we talk a lot about it yesterday and we gave a pretty hard time but i'm curious as to. here's the thing that no one's really talking about and that is. a huge part of the deal is the principal write down

seventeen billion principal write downs and because you don't get banks are going to get dollar for dollar on those write downs you know winds up being an estimate of around thirty billion dollars and modifications to people's loans the thing is is the banks are not going to be the ones that feel that for the most part it's going to be mortgage backed security investors themselves which are pension funds insurance companies for one k.'s at the end of the day most of this deal is the taxpayers bailing out the taxpayers the banks are giving all the if you want blood this was not the deal to get blood the trade was fantastic for the financial services committee and i think that it completely missed the point in that it's it's not one it's presuming a lot of guilt towards particular bank activities and it's going to give a lot of money to people who actually made their mistakes they were conned into anything and it's stepping it's not stepping back to look at some of the real serious problems that that went on to do with the mortgage disclosure and during

the whole build up of the bubble we may disagree on some of the reasons why it was problematic but i think it was highly problematic. point anthony thanks for joining us. just ahead of the show i can tell you about some new software that could create a huge problem for the government to come to hunting down pirates and anonymous officials are trying are tying the enemy k. to the murder of iranian nuclear scientists at the center famed i make a so many u.s. lawmakers want to support. from los angeles to chicago to birmingham twenty trauma centers have closed since two thousand severe problem is not enough inpatient beds not enough urgency department beds and not enough nurses commandos to take care of all the people who are here the only real health care system that we have in the city of los angeles is the los angeles fire department in fact when i started my venture is a firefighter i didn't want to do your house and i started out going to just do fire fighting it's about eighty two percent of what we do the florida problem is

medical but we had a rescue couple weeks ago waited four hours for i've waited sometimes three hours but i wouldn't say st francis in lynnwood for four hours and fifty minutes standing against a wall with patients and we have a federal law that mandates that you can't turn no one away who seeks care in the emergency room. we have the most expensive health care system in the world and it's probably valued the least.

protecting copyrighted material it's the goal of governments across the world that are trying their best to come up with laws which clamp down on piracy and leave anybody link to file sharing sites facing serious punishment and after employees upload and pirate bay have all found their websites shuttered and themselves in trouble with the law file sharing programs like junky voluntarily shut down because they don't want to end up in the same boat so seeing the war against copyright infringement ramp up in recent months many of the sites like line where napster other file sharing programs would simply become a thing of the past but here is one pro or excuse me one program that might change all of that it's called trippler and the software that many are calling a game changer and we should start by noting that this torrent client has been around for a few years but it's blended in with the other programs until now so traveler doesn't rely on servers search portals trackers or domains the way the other programs do instead when a person searches for a torrent file their results will show peer.