market. i know what's really happening to the global economy with much stronger no holds barred look at the global financial headlines. there's a report. book of the love show where you get the real headlines with none of the worst they can live out of washington d.c. now if you are going to speak with matthew hoh about the loan you players are pushing for the war in afghanistan to go on the question we have to ask is why and you remember that's when a five billion dollars settlement with the government reached for the big banks well turns out that about twenty billion of that is really going to come out of the pockets of investors talk about that feel and truth that has received hundreds of

pages through a freedom of information act requests that show how the department of homeland security was monitoring the occupy movement so jason leopold is going to join us and give us all of those details on all that and more fear night putting it as a happy hour but first let's take a look at the mainstream media has decided to do this. all right so you're the mainstream media today then you're still obsessing over the elections and because this is just the latest gift given by the gaffe machine that is the romney campaign you're still talking about that whole i just sketch comment . he got the endorsement everyone wanted jim bush but then a top aide seem to suggest that the conservative positions that are leading romney to the nomination changes quickly as a nine hundred fifty s. era toys the other candidates jumping of a chance to take jabs in your sketch comments whoever thought it ed just sketch would get so much attention in a political campaign with romney's political enemies by lunchtime such

a sketch was viral rick santorum they say cannot be all that sketch there romney wishes he cleared the race and suspension. now would be nice if the rest of the mainstream media could take a comment like that and actually create a good story out of it you know like the way that rachel maddow did she actually went through expose how this candidate mitt romney is not only a point blocker but a lie or and their allies that are people constantly that need to be called out but no unfortunately she's one of the few who do it and the rest just continue to sensationalize and talk about it as if it's all some gave and not actually someone trying to become the president of the united states and so in a slight i'd like to take out some time tonight to call out will blitzer from c.n.n. i constantly hear me criticize the mainstream media for just regurgitating the comments made by officials without question and spreading fear and i think this one actually takes the cake for one of the most ridiculous things i have ever seen

check out for yourself. are terrifying new reason for all of us to be centrally very worried about us tensions with iran the chairman of the house homeland security committee and other u.s. officials are now warning that iran has a large chair or a strain force right here in the united states right now they say there may be hundreds maybe even thousands of hizbollah agents on american soil who could be ready and willing to attack has been following this hearing up on capitol hill is watching what's going on pretty shocking information if true boy. are you terrified yet so the deal here is the representative peter king who are responsible for the muslim radicalization hearings on capitol hill will you still the business of trying to scare the crap out of everybody and if you'll remember before those hearings began the media also made a huge fuss over it and then once they started and it was obvious that a lot of the so-called experts thinking called anything but and once became clear

that this massive threat of homegrown radicalization hadn't actually materialized and if anything should be looked at across the board if you want to call lone wolves a threat and not just within the muslim community well yeah after all that the mainstream media for the most part is chilled out ignored and totally forgot about the matter and so you know i have to admit it's getting a little bit curious lately about the mainstream media's sudden chill out when it came to the issue of iran over the last few months we've seen the war beating machine in full effect and you know because we've documented it here for you we've pointed out the media's obsession with military options or lack of respect for certain details like oh you know i eat very i eat reports this show there is no proof yet that iran has decided to build a nuclear weapon and they all sat around with their eyes wide open looking completely disgusted when the president said that there's too much loose talk of war and that a collective yeah i couldn't believe all those irresponsible people out there that would do that. but in the last few weeks suddenly the iran thing is kind of

disappeared there are going to other stories stories dominating the news cycle staff sergeant robert bales her pick massacre of sixteen civilians in afghanistan the murder of trayvon martin and of course the never ending stream of campaign stories that change just ever so slightly by the day but certainly war with iran wasn't on the initial list one of the biggest threat the entire world anymore oh yeah that didn't last long because you could obviously see here wolf blitzer is back in the game and now it's not this care of my notion that there are hundreds if not thousands of hezbollah fighters living within the united states and they might kill us any minute can you be more sensational but my bad of course out of the mainstream media is good at i just wonder if it would kill them to show an out of skepticism every now and then instead of repeating what officials like peter king say verbatim but so i'll let you come to your own conclusions here about what exactly it was the made the mainstream media suddenly forget about the war with the

wrong that they've been pushing for two weeks and the meantime just know that they're back because a chance to fearmonger something of a very rarely choose to miss. of last month or so has been filled with bad signs for america's war for afghanistan and the protests the violence we saw in the country after the inadvertent burning of korans of our one person to the massacre of sixteen civilians allegedly by one staff sergeant robert bales unfortunate as it is tragic event seemed like it might of turn the tide amongst many lawmakers g.o.p. candidates public opinion polls even in the media suddenly discussion was about ending the war and getting out that even the white house leaked to the press that an accelerated drawdown drawdown was up for discussion but there are those stubborn few that still don't like things to change general john allen now in charge of the war said that he believes that there is. no american troop drawdowns in twenty

thirteen leaving the sixty eight thousand that will be left after which was this year and he's got the trio of john mccain joe lieberman and lindsey graham backing him up so perhaps the question that most things we ask is why you're discussing with me it's matthew hoh former state department official in afghanistan and senior fellow at the center for international policy thanks so much for joining us tonight thank you i'm here ok so when i say he's got this trio of me came lieberman and graham back let me just read you the opening this is basically the first paragraph that they wrote in the washington post where they're talking about despite the serious tragic events that i just mentioned it's heart wrenching as these events have been they do not change the vital u.s. national security interests at stake in afghanistan nor do they mean the war is lost it is not there is still a realistic path to success if the right decisions are made in the coming months. can you tell me what this magic path to success is what they're talking about i

don't dispute that. that there can be something beneficial the next few years if we make the right decisions but the right decision is not staying with this current madness we have now continuing this still may continue to persist for to speak to the afghan civil war that began in the seventy's that's not the right steps also true in terms of programs that article to get in through the reference of temporal lobe and twice you know this is just a scene narrative that keeps coming back up i didn't have a base there in two thousand and one it was one of many locations they used to play and support the nine eleven attacks but you know my line a lot of other guys lives or walk the most important safe havens for nine eleven attackers were the american more shorts academies in the american flight schools they participated in since nine eleven al qaeda has become an even flatter organization a more horizontal position more decentralized in their operations or around the world it's also the. a few very few in number so this notion that somehow we have

to be only in afghan afghanistan participating in an afghan civil war that predates our arrival in order to keep ourselves safe it's very very specious and so i've read and you know i mean they also say that what happens in afghanistan directly affects our safety here at home they say that if we create afghanistan again because they go back to. the consequences will be disastrous for both our peoples they really play this up and so just seems like i mean why do they do the stuff they just want to play it up everywhere they can because these are the same guys the mccains the lieberman the lindsey graham of the world are the same ones that will tell us that al qaeda is a threat all around the world and this is why we have to have a war that knows no boundaries it's tried and tested this is this is fear mongering this is what you do to. get your narrative momentum money to carry it with people to make people choose your path and fear i'm sure there's going to be still want to

have you think because we even saw you know lindsey graham after this shooting maybe start to waver you would think that john mccain but it's not here popular position politically not even within the republican party taking i think for graham and lieberman and others it's simply romney it's simply because those were good politics being tough it's good to x. you know wearing the bloody sure as i said after the subpar american civil war it's good for others though for senator mccain i believe for about a crocker for general allen i think these gentlemen they really do believe that they are involved in some kind of this store battle that this is some kind of battle of good versus evil if you see how crocker if you see how i don't if you see how mccain see how others talk about this war they have referenced it in terms of you know evil but this is something is still work work at big struggle that we're involved in and for worse i mean that's something that people should remember me we don't like to think of personalities matter and decisions. like this but they

certainly do and so i think it's a mix of just pure politics for some and others who believe that this is the course of history that they are on the right side of history so to speak and of course we've seen that with other leaders in the past if you want to jump subjects we can go over talk about iran netanyahu certainly views himself in that way so it's something that we have to really really. understand and be careful of because there are men who are involved in this as well some women who believe that this is the war and that this is a battle of morals or about all of the progress of the of well as much as anything else at the same time right if you want to talk about this this tragic massacre that we saw a lot of people would say that this is said that it was something that was a historic and that insurance that it might actually shift the direction of the war seems like public opinion has certainly turned against it now everyone is willing to get out quickly and so you know i mean you can good versus evil there become suddenly a lot more complicated and a lot more money and i think a lot of people haven't caught up with yet it's really surprising because we've had

monica medications for years now for decades now they haven't caught up with the fact that when you when you combine the eternal nature of warfare which is chaotic it's part bearup it's not controllable with modern communications where not just you know the day after something happens but literally minutes after something happens you and i are talking about it. what you get is you get a warfare that is unlike anything else it's been poor look almost a hundred years ago woodrow wilson understood when he was going for reelection for a second term to freeze at the time the motto was vote for wilson he kept us out of the war wilson said at one point to a colleague he said it's important he said look at that that's a that's a crock he said look any german lieutenant can push the united states and we're at any time by his own actions on the western front meaning that just the one actions of an individual could cause united states into war and we'll simply do nothing about it and that's what happened some german submarine captain st lucia paying.

the center of world war one now it's even more so we know one hundred years ago wilson stood we have now unfortunate we have leaders in this country as well as military officers as well as these civilian pundits who don't yet grasp that we still think they control everything we have a lot of people that they are but that to take advantage of that to so i want to ask you about the way you think they're handling this entire situation with sergeant r.b.s. because it was five days until they even gave us a name you know and now we find out that right after this happened they went and they tried to scrub the internet of his name of everything that was ever written about him beforehand i mean is that a little weird to you you know their explanation that he did it to protect the family and i believe there's probably some truth to that but also they released other names in the past and maybe some people want to claim that this is different but the fort hood shooter we found out there anybody who was exactly so there are there is that i also to believe that what happens when something like this occurs and bales kills sixteen people in southern afghanistan. the public affairs officer

. who is in a crisis mode and they set a task force and they told us to be off the wall for atrocities or whatever they're going to call this and they go through a checklist this is probably something they developed and scrub it of all reference make it harder to talk about this i think you're saying they failed because you know once those something is obviously out there he can't really scrub it feel like the government is constantly having a really hard time learning but just lastly to you know what do you what do you think about the fact that afghans the local population the parliament they still don't believe it was just one guy here i think that's you know i think that that's a mistake we keep making by not being up front with more information we try and you know the adage when i was a lieutenant or was it was bad news is not get better with age and i think that's what happens when you don't get all the information out there that you know right away ill hours for rumors and things specific that israel is to the defense

attorneys. saying that there's no forensic evidence there i mean is this could he actually get away with that i think that the you know. you don't want to presuppose guilt on this guy but saying he did it you know i mean this guy if he sort of bales did do this he should be tried and i think that this is a capital crime and i think he should be openly executed i mean if this is a. good for the sake of the well being of the united states military that's what has to occur for no other reason that let alone for a concert reasons that it's the right thing to you grass and future consequences if it doesn't happen with afghanistan the fact that this goes back again to a larger issues of the afghan campaign if one staff sergeant by pulling the trigger sixteen times can ruin your campaign can bring about the downfall of your policy can cause senators and congressmen to change their mind it is it's probably not a good campaign or a good policy to begin with but you think that it's still fair to then say this one deserves to be executed. not others that have committed. certainly you know

atrocity there's a lot of dirty things that have happened over the last ten years and i believe well i think what question about you know making him an example and then at the same time i would say this is what has to happen but i got a wrap up of thanks for your boss and i thank you. our time for a quick break and we'll come back on the twenty five billion dollars mortgage settlement at the white house attorney general's across the country were all hailing as a win for homeowners guess what the banks aren't the ones that are actually paying for it and even as about the details of the bridge. let's not forget that we heard in the foreclosures were. i think the rock the bombings the the one well. we have the government says the bird keep him safe get ready because you're going

to make your freedom. associated with. love and they alone are still you know get the real headlines with none of them are the problem with the mainstream media today is that they're completely disconnected from the viewers and from what actually matters to those viewers and so that's why young people just don't watch t.v. anymore if they want news they go online and read it but we're trying to take those stories that people actually care about and transfer them back in t.v. . you know sometimes you see a story and it seems so pleasing you understand it and then you did something else here's some of the part of it and realize that everything you say you don't. charge is a big. art

so you guys know that on our show we spend a lot of time talking about internet laws regulations how they're going to affect you and today net choice a coalition that includes big internet companies from facebook to e-bay release a list of the ten worst proposed internet regulations as they see it across the country so we thought you should probably know about some of that now this list contains laws pertaining to everything from online dating to advertising revenues

and in the state of the union address obama emphasized innovation and small businesses. innovation is what america has always been about. most new jobs are created in startups and small businesses so let's kind of some agenda that helps them succeed. thing is some of these internet laws and regulations could actually stifle or stamp out small business and innovators and that song video killed the radio star looks like states are trying to kill the internet start currently in maryland connecticut and utah are all looking to enact taxes on digital goods so basically anything that you download states aren't happy the musicians and comedians are bypassing the traditional retail outlets releasing her songs their comedy special there's books or books online directly to the consumer so states don't want to miss out on the tax revenues they can get from those products so they're looking for any way possible to get a piece of that digital property and if states have their way looks like artists

become the tax collector for the new wave direct to buyer success experience recently like by comedians like louis c.k. as he's on sorry looks like that might be a thing of the past now it's not just digital property to try to tax you there are multiple bills in the u.s. house and senate right now that would force online companies to collect sales tax on their products for state that they don't operate out of so small business in delaware that sells online they'd be forced to collect sales tax for the state the person who purchases the item is from even if the business is based in a state with no sales tax so so much for empowering the small businesses right and don't think i forgot about innovation because the next set of laws look to stifle just the struggling economy more people using the internet to spend more wisely there's been a boom in online services focused on making the consumer's life easier cheaper or book but guess what brick and mortar businesses have a really big problem with that and so they're fighting tooth and nail to take down the latest internet innovations are those innovations and car. on the man town car

service where you have an app you push a button and you feel like you're living in the future basically and within five minutes a car rises and you can see the car coming she wants on. so cars the more expensive than a cab but users claim that it's faster it's easier it's more accessible than a traditional cab service so more efficient transportation service that's making more money well obviously local cab drivers have an issue with that here in d.c. they're trying to make sure that whoever is classified as a cab service instead of a car service making the company play by the same rules getting lower fares so the lower fares would mean lower quality making over cars business model useless and then there's ever been the. you can say you guys are really the place with other people or you can see the home by yourself these people are out of town but we can sort of the whole place myself. when i'm out of town and i put my place on it helps me pay for my lunch hours. sounds like an innovative way for one person to make

a little extra cash the other person to score a cheap place to stay right while states like i went to york they want to put a stop to the bad sharing trend i want air being be regulated like a travel service while new york wants the actual homeowners renting their rooms out to face the same regulations as hotels so long as they were initially put in place to protect consumers are actually being used against not only the innovative internet companies but also the consumers themselves and the old laws can't be used legislators are being pressured by the traditional businesses to draft a new one so once again we have people who don't really understand some of the things on the internet trying to regulate it and any way possible now unlike sopa pipa and after these regulations are very specific and targeted we do have to remember that all around us all makers are trying to control the internet and one way or another and more often than not it's the consumer that ends up with the short end of the stick. now every night of this year that here today other federal

agencies forty nine it state attorneys general announce that the largest federal state settlement agreement in history we covered it here twenty five billion dollars settlement it took on the five banks for foreclosure crop fraud but as we said then it wasn't exactly a good deal for american homeowners of the twenty five billion only five billion of that would be cash payments some would go to the a.g.'s now which have already said that their states are going to use those funds to balance budgets as well as about seven hundred fifty thousand people that actually lost their homes and they'd only get checks to equal about eight hundred thousand dollars for each of that he considered about five million people have lost their homes since two thousand and six and made it fourteen million more underwater you realize that's hardly even a band-aid on a gaping wound but there's more new details about the settlement which are only relief last week tell us where the banks could be getting the other twenty billion dollars and let's just say that doesn't look good for investors here to discuss it with me as anthony director of economic research for the reason foundation and i say that through ok so first of all can we say we've we saw this coming i feel like

you really don't think that's a conversation about. the deal was announced but we didn't have details until last week because it took over a month to actually file the settlement which is suspect that of it so now we have the details this is where we're concerned about it turns out it's true that investors could wind up getting stuck for between seventeen and twenty billion of this whole by the banks going to be able to do that so the the way that this is structured is that instead of cash payments going to people who are robo foreclosed there is going to be modifications of refinancing in short stills of borrowers in the future this is a penalty that doesn't fit the crime whatsoever and the reason for that is because hud in the state a.g.'s they want to go in political points in this thing this deal is not about robo signing at the end of the day this is about winning some kind of political battle in the fight to see the governments do. something about the housing market when really they're not i found it kind of nice right when you say

a twenty five billion dollars settlement is a good likeness i don't mean yeah history sure yeah i know when you start breaking down the details here it just seems completely ludicrous but then we don't know why is it so i don't understand why the banks get thinking that's right because those people i mean who are retiring now we say master so we're sort of. investors or some of them are hedge funds and some of the big guys that can cause the ones that so you know you may not really care that much about they get hurt but others are for a one k.'s those are the pension funds that might be you could you know if you're a firefighter if you're a teacher it could be your pension fund that invested in mortgage backed securities what's going to happen is the banks to modify people's loans they're going to have to go in cities these mortgages which are owed a lot of them by investors and say well you used to own a one hundred fifty thousand dollars now you're going to only owe one hundred twenty five thousand dollars what is that twenty five thousand dollars which is never going to get paid back to the investor in the first place so they take between seventeen and twenty five billion not all that's going to be modifications some of that's going to refinance and some of it's going to be losses related to short sales but those losses are going to be concentrated primarily on investors

because banks they don't want to do that to their own loans they're going to do it to some of their own loans to save face but a lot of that why not just go to an investor alone where you can not have to take the losses and you get the same political value when there is some kind of a promise floating around out there that they were saying that there would be a fifteen percent cap right that only picking percent. of the time they did i guess it's not maybe it was promised. have been apparently told her group of investors that it's going to be a fifty percent cap but we don't actually have that promise in writing it where and it's not in the settlement agreement whatsoever it could be that there's some kind of gentleman's agreement with the banks are going to wind up doing that here's the thing even if it was just fifteen percent that's not the bank's money it's not right still not right this is it really amounts to theft why do the banks who falsely prepared for closure dock. humans pay that fine by going to a mortgage investor whether or not it's an evil banker but going to somebody else

and saying i'm going to write off the principal on the mortgage that you invested so you're not going to get that money and that's what i'm going to use to pay this part even if it's just fifteen percent that's wrong that's deft and it is setting a terrible precedent for the way that the justice system is supposed to work if it's so wrong and if in fact then can they can they sue you know you have sued you if you have a couple things first the judge doesn't have to prove the settlement they probably will but this settlement has been filed in u.s. district court of d.c. that judge could look at this could look at the evidence could look at complaints filed by the bondholders in this particular case and so you know what this is wrong you can't do it this way what's probably almost certainly going to happen is if that gets approved by a court that if the banks actually try to go ahead and do this that the bondholders will then wind up suing for breach of contract because to do this the banks are going to interpret the way that the contracts are set up between themselves and the investors for how they service these mortgages so this is by no means is this

a done story to do question is where is the lawsuit going to come whether it well the judge even approved this this measure i think is there also a chance you know i was reading through some of the various options that are out there that it's going to get and i'm going violation where like they're saying this is the government seizing private property they're actually giving you you know that you paid for it or is that when a lot less like i mean what's better to go and i like i think that what the big banks here are back to the government with this this whole thing is getting really murky because it's being separated from what act from the real problems and so what what are the real problems that have a problem does that the banks got so backed up in foreclosure water before closure is and people not being able to pay their mortgages they didn't put the resources in place to actually deal with that and they screwed up all the paperwork so then we wanted to punish the banks for the broader housing problem for more than just the row before closing and so we and so the hud in the. agee's thought that will ok so we're going to punish them with this big this big deal with this twenty five

billion dollars it's going to go beyond this but that's not the way the justice system is supposed to work that's not actually going out to the banks for the real problems of the cause there are many things that these banks have done illegally every day with the f.c.c. and other regulators could be going after them on this is basically the government trying to get around this issue not to mention you know the partner justice to basically just said that we can't. we can't launch any criminal investigation becoming a little too hard for us that everything is going to have to be it's civil in this case but it's horrible and this isn't really being talked about and blown up the way that i think it should be because on the day of a sudden it was reached it was all over the news and now you actually have the details about it and you find out who's going to get short changed everyone's well you would see now people are throwing start the n.b.s. investors but you can even i was just like you know we quote sorry not enough for anthony thanks so much for joining us tonight. all right time for our next break the evening when we come back shell intel and then just on.