syria enters the muslim holy month of ramadan. government forces and rebel fighters every corner of the war torn country. will remain in syria for another thirty days in an attempt to halt the bloodshed. bring you live pictures now from spain where people are gathering for more protests just days after nationwide marches descended into clashes that left dozens injured people to be running ever since. sixty billion euros in cuts and top of. trigger happy tourism a firing range is bringing even more visitors to israel but critics say the new attraction is promoting a negative perception of the country. from the new center here in moscow and up next from we can leads to the latest developments in the international rate rigging

scandals and all it's the audio to show from washington. welcome to the ilana show where we get the real headlines with none of the mercy or can live in washington d.c. now it's never going to speak to david house that a number of wiki leaks related stories from the notes that he put online last weekend about his grand jury interrogation to the latest in bradley manning's pretrial hearings and it's friday so we're going to have our financial check up with lauren lyster host of the capital account guess what the big banks are trying to do now instead of the possibility of taking the fall one by one like barclays did in the late library scandal they are pushing for a group settlement so let's just hope they don't get off that easy while all that and more fit and i including it does of happier but first take a look what the mainstream media decided to.

well this morning ever to look to the tragic news of the mass shooting in aurora colorado and midnight showing of the dark knight rises. a night at the movies turned into a night of terror moviegoers in colorado deadly shooting at a movie theater in the denver suburb of a war of refute shooting in aurora one of the worst mass shootings in american history and a crowded colorado movie theater gunman entered the crowded theater after midnight local time through gas canisters releasing smoke and then started shooting twelve dead fifty wounded youngest victim only a few months old a baby armed with an assault rifle and two handguns came in through a theater exit fifty victims twelve of which have died thirty eight others being treated the gunman wore a bullet proof vest also a gas mask as he detonated

a gas canisters and then opened fire stood in front of the screen and began firing . indiscriminately fifty people were shot the suspect in custody identified as twenty four year old james holmes who lived in a war twenty four year old james holmes it was a night at the movies turned into a day of tragedy shock and grief and. now what happened in aurora is nothing short of a horrific tragedy one that makes everybody pozen realize how unpredictable life really is how can we take it away just like that and the victims of this shooting including young children the youngest of them being only three months old now for now we still know very little about the shooter or what the motives may have been but as usual this morning we saw immediate attempts to point fingers. the gunman was possibly dressed like one of the characters in the movie and that sort of fooled people is just simply the terrible terrible. between some

rocky like person's fantasy world but in reality i'm not saying video games make you a killer but if you're a psychopath video games help you get in the mood to do the killing so it is a problem in our society with teenage psychopaths that they do get inspired by a lot of this and want to make it real you know what it's really is a christian. belief. the f.b.i. would be trying to determine if this individual is a member of any other terrorist organization possibly a neo nazi group if there was a jim holmes aurora colorado. on the colorado tea party site as well talking about him joining the tea party here. now i think there are a couple of points that can be made about what happened but even more so there are

a lot of questions that will need to ask first of all the politicization the mistakes that are made and blaming groups blaming people we see that all the time when ever there's a horrible breaking news story like this and part of it i think is because of the twenty four hour news cycle where cable networks have to fill the time with talking heads even though there's still very little to talk about outside of the details of what happened and hearing from those who witnessed it and so we get is speculation about videogames the tea party life imitating art from criminologist and t.v. pundits but the truth is that it's to say too soon to say anything and one of the things that i think that we can compare is the internet social media and how the story developed there so much of the video that you see it was shot on people's camera phones some people compiled tweets from victims and witnesses before during and after this. shooting perhaps one of those eerie stories so far being that of jessica redfield an aspiring sportscaster who just the other week escaped a mall shooting in toronto wrote about it and then only became one of the victims

in aurora her final tweet was sent just before the movie now there are a lot of blogs out there that have compiled tweets and timeline format same was done on reddit what shooting victim even posted pictures of himself on reddit after being shot the internet is just as prone to mistakes but it moves as such a fast speed that i think it will be much more self corrective than television news is and it can give us immediate reactions pictures videos things that give us personal insight into what happened before network cameras and reporters can all rush to the scene now to talk about the many questions the tragic events like this rates obviously the issue of gun control always comes up in a mass shooting and there's no way to prevent lone wolf individuals from wanting to inflict harm on to others you know the saying it's not guns that kill people but people that kill people but if that's the case then should we trust people enough to be able or should we trust people enough to be able to purchase multiple lethal weapons i think questions as to whether or not it's too easy to get your hands on a gun are completely appropriate in

a situation like this reports say the homes purchased all these weapons legally over the last few months the first one being in may it makes you wonder what resources are really being devoted to also what are our intelligence agencies really up to because we live in a surveillance state we talk about that all the time the examples coming from the government are plenty but it's not just the government or every consumer have it is monitored by private businesses and i wish it wasn't so i'm not advocating for a surveillance or a police state by any means but then what are they actually monitoring who are they monitoring for many of the examples that we've seen today peaceful environmental activists occupy activists and of course how could we forget entire muslim communities solely because of their religion none of that is going to stop a lone gunman and i'd say that making sure that they can't get. again hands on guns would be more helpful though we have more mass shootings than other countries we average twenty of them every single year but then again there's another side to it

i have a hard time listening to people like new york mayor michael bloomberg who's used city strategy to take to the airwaves call for strict gun control all while he's protected with an army of bodyguards who are heavily armed this as we move closer to a police state as we've seen in occupy crackdowns over the last year and as we've seen for years in the swat team no knock raids that are part of the war on drugs but i don't think that that means that citizens should react with violence and get lethal weapons i'm sure a lot of you out there disagree but i think that all of this is there are all questions that need to be raised its all points that need to be discussed and we should have a civil public discussion we shouldn't overreact with too much fear we shouldn't tell people that they can't leave their homes or even take their children to the movies but we should try to understand why this particular kind of problem is so american why it happens here more than anywhere else and i'm sure the media will get to that once they're done talking to witnesses and family members of victims and local officials today that's not an area where a show like ours can compete nor do we try to so tonight it's not necessarily

a miss it's more like a hope that out of this horrific event we can move forward without forgetting and without overreacting but in a more sensible and rational way that something will actually come from all the discussions that we're sure to hear over the next few weeks. our guys it's friday so it's time for our weekly financial checkup and this week banks involved in the library probe are reportedly looking to push for a group settlement nobody wants to take the fall the way the barclays and their management did but will they actually be able to get away with it also could we see a rise in lawsuits by individual cities and then it's also been two years now since dodd frank was passed but only thirty percent of the rules required have gone into effect and a former i.m.f. economist has written a pretty harsh worded letter about the funds tainted leadership saying that he was

ashamed to work there so let's get started on our financial check up. so here to break it all down with me is lauren lyster host of the capital account here on our t.v. lauren what do you say. we don't know which banks exactly it is yet right there are just reports out there that some of the banks that are involved in this probe over the library scandal are trying to put pressure on so they can get a group settlement kind of like what we saw with with the mortgage fraud settlement resell the five largest banks twenty five million dollars billion don't think you and but still is that kind of a copout it's. about i really hope this doesn't happen because for people who for years have been saying why hasn't there been more of a backlash against wall street over the fraud the manipulation the wrongdoing why haven't there been criminal charges and prosecutions of high level authorities this

is the first time that we've seen something with a nuff of outrage about it where i've heard people say well wait maybe this is a tipping point maybe we're going to see something come out of this you know we heard from the d.o.j. just over the weekend that they have found evidence to pursue criminal cases and that criminal charges may come. worth in september of this year against barclays traders and we know that barclays is obviously had a huge fallout with this c.e.o. and its top managers in the head of the chairman of the board stepping down being forced to resign and so i think that there is some hope that u.s. banks that are under investigation if there is a settlement if there is wrongdoing that found and settled upon that there will be some kind of recourse there will be some kind of payment and i think what they said they are there right in this with this settlement which i just really doesn't have a bit of but i think about brings up another question because yes on one hand you know you and i spoke about this before to this should we look at the way the british authorities handled this because people are actually taking the fall right at the top levels from within barclays but what does that say about the attitude

here within the u.s. like i said we don't know which banks these are but something gives me a feeling that it's probably the j.p. morgans and the bank of america's in the city groups that are under investigation yes exactly so if you morgan citigroup h.s.b.c. these are all going to have to investigate it isn't they think that they can just try to group it all together so that there is shared blame and shared punishment the attitude that they've always had of course they want to escape any kind of real scrutiny they want to escape the kind of scrutiny that they've seen with barclays and if they all get all together and they are grouped together in a settlement then they avoid that being singled out and i think that really misses a chance for this to be the tobacco moment for wall street that some have thought this may be is there anything that can give us a hint as to whether or not that might actually happen though you know are there certain things that maybe are too complicated so that they wouldn't be able to make it a group lawsuit i have no idea i have no idea i really don't know that's

a good question but i mean i think that one of the main points to make too is that if that does happen that doesn't necessarily mean this is a done deal and that banks will get off scot free because one key issue is not necessarily what they will face from the government to in terms of regulatory fines . but alone there is a huge pandora's box of civil litigation of lawsuits that really could be a huge issue with live work because what not a lot of people realize but there are more stories coming out about this this is something i spoke with jim rickards about last week who has been in the business for a really long time we're actually talking about this at a party and then all these stories started coming out and that's the issue that with almost all derivatives swaps according to him one part of it is the bed ok but there's another party to every swap and that party almost all of that is gets libel or so libraries tied in to one part of every swap transaction there are six

hundred forty eight trillion dollars in swaps floating around in the global economy according to the b. i yes all of these people having cases for class action lawsuits over libel or manipulation which we're seeing now it was only like a. clique of lawsuits what do you think about the fact the ok the city of baltimore and maryland right they are actually going after there and they're suing do you think about something specific that we're going to see to cities in america doing it that is exactly what we're talking about why is baltimore suing because they had interest rate swaps valued off of live bore and jim rickards was saying that there's not a city or county in this country that doesn't have some kind of swap agreement like that and what the mayor of baltimore said is this is the fiduciary duty of her to do this of the city to do this and it is it is if you have some kind of a board of directors to answer to or whatever so that it is literally their fiduciary responsibility to sue in that kind of a situation so yes we could see this much more widespread so in that sense i mean

we've seen a lot of scandals lately right more get into more of that but some people are saying that this possibly could be the biggest scandal that we've seen since the financial meltdown perhaps the most expensive scandal that we've seen since the economy crash do you think that qualifies well i just got off the. and with jim records and i think that what you're saying he certainly echoed that he was saying with his you know back of the envelope calculation in terms of if these lawsuits did play out at the at the lead at the magnitude which they could the banks wouldn't have enough capital to pay for them but i mean that's not to say and he said that that would actually happen because i mean the government could come in and cap the government could cap the kind of lawsuits that people are able to pursue against the banks and where does this leave us little hope that we know that these banks are too big to fail so are we looking at if this does get out of control another bailout and i think that you know one of the things into account too is the way that they treated this massive mortgage settlement is that it was it

was used as a headline grabbing tool by the justice department because they got to have this big headline that made them look tough because they roped everyone in it once even though it was a really bad. discuss but let's move on to this next thing to which is that it's it's been two years since john frank passed and it turns out that only thirty percent of the rules have actually been implemented for every page of job frank though there's also ten pages of regulations and so we have this mess you know we've heard a lot of more calls lately for regulation after things like the j.p. morgan scandal. but then at the same time you've also seen that regulators have been comparable in that they hope to doing their job and so how do we look at dodd frank now in light of all this yet what you bring up a lot of good points which are we have a lot of regulations on the books but regulations are only good if they're enforced and as we've seen they haven't been in a lot of cases and that's a huge issue dodd frank i think this is a surprise to a lot of people that don't cover this because when i talk about this anecdotally

after hours with political correspondents even they're surprised that dodd frank isn't a done deal you know people sometimes think ok bill's done fed accompli regulations are approved and this is it but many people are surprised to find that hey wait the c. f.t.c. just define. what swaps were earlier this month this starts the process of a lot of regulations into swaps that are trying to be moved on to exchanges where you can see what's going on you can see who is trading with who and get accurate pricing and there's a lot more transparency that hasn't happened yet we know the role of derivatives many people are familiar with the role they played during the financial crisis but may be surprised to learn that they're not being regulated yet in the way that they were supposed to be based on dot frank it's still a little bit. more i guess right out of the little gets passed never thinks that it's a done deal exactly the same thing with the volcker rule which is a really important part of dodd frank because this is what's supposed to keep banks from too big to fail banks federally insured banks from betting with depositors

money for their own books proprietary trading and that's still not complete it turned into something that could have been a rule one page alone don't trade with everybody else's money here also is actually really under usually filled with loopholes like portfolio hedging which is what j.p. morgan was doing with the whale trade they called that portfolio hedging hedge against macroeconomic risk which a lot of people argue you shouldn't be able to do but you can't under the version of the volcker rule that people believe is going to come out in the final version which we haven't seen yet so there's a lot still other not so a lot of questions when it comes to regulations i guess we probably don't have time for our last story here but maybe i will return to it next year and just a little little trash talking from a former i.m.f. employee which which is always interesting is everyone loves trash talking but let me just tell the audience for a quick peter doyle basically talked about the incompetence the failings of the disastrous appointments of the managing director of the i.m.f. thanks thank you. our guys it's time for

a quick break but when we come that we'll have the latest on bradley manning wiki leaks and julian a son who is still the ecuadorian embassy. busy busy busy busy

. well there's been a lot of developments this week in wiki leaks news on monday we told you about david house posting his personal notes online and when he was called to testify in front of a grand jury in alexandria virginia this week also marked one month since chilling to songe appeared at the ecuadorian embassy in london seeking political asylum and the riff hearings this week for bradley manning where we saw not only a big blow to the defense over whether or not the effects of the leaks mattered but also the government claiming that they have proof that manning knowingly aided the enemy they're all pieces of the puzzle the battle for greater transparency and as the government attempts to crack down we have to pay attention to the dangerous precedent that might be set so joining me to discuss is our producer andrew blake andrew thanks for joining us again leisure of course as well i mean so there have been a lot of developments and you know this week we haven't gone through the bradley manning hearings every single day and so tell us

a little bit more about what's going on i want to break it down so specifically i'm really interested in this argument that now the government is saying that well it doesn't really matter if there was any damage done to national security or there is all about isn't there kind of being like that really strict whole room teacher you have in there you know still make a wrong leg it doesn't matter if you know if he did this and so what if the school didn't burn down it's ok still you know match that was i mean are you with me at this seems inconsistent because what you're going to hearing from u.s. officials is that this is very damaging to national security in you know they keep saying that yet it's been two years now and they've still been on able to prove that we have like everyone in your ground law saying well maybe maybe not no one's actually seeing it didn't do anything i mean some people are but the the the court and the attorneys they can't actually come out and say that already and they're just going to keep pushing this back and pushing it back and pushing it back and now after the pretrial hearings we had this week we have another month until manning is back at fort meade from there they're going to adjust it to go talk

about his nine months he did in solitary at quantico when he was first flown back to the united states but it's him. and obviously for someone like me who is really following this case you know i'm not supposed to take sides but here's a guy who's my age will younger than me who if he did do this he did this for a reason and supposedly the government has logs explaining why he did this saying that this is a portion for america to know this is someone who if you did do this it seems like he did not want to do any harm he just wanted to help the country but so and that's and when you're saying the government has these logs is that what they're claiming their evidence is they're not saying when they say that they have proof that he really did aid the enemy aiding aiding the enemy here of course being aiding al qaeda because they could access telcos in the realignments. that's the thing every day when we have these new hearings they're being so vague about everything that they keep saying oh well we have this we have that can we see it no it gets to the point where david coombs the attorney for bradley manning keeps asking over and over again for new material and it's not coming in however we do know going back to

the start of these pretrial hearings a few months ago the government did produce a couple chat logs a couple e-mail correspondences between bradley manning allegedly between bradley manning and other people specifically there is one that they say links him directly with julian assange they have another one where they have him talking to adrian lamo in the tories hacker who is the story goes was kind of like the guy that bloom and again you know if these things do exist if they are authentic yes they can link manning to wiki leaks directly or indirectly but that's brings up a really interesting point though what what the court is saying is that if manning was to give something to wiki leaks that's enough that's a demand of using that's eight hundred thirty exactly that that's scary right because in that sense and i know the defense has been arguing this that any soldier right that speaking to the press whatever that is written in the media that says that they're aiding enemy because this article could appear online we don't think

that this is dangerous for everyone i don't want to see journey like this while going outside and dropping off a leaflet on a coffee table. somewhere or you know walking over and publishing something in a newspaper that like what about like a local weekly or something if i write just like a hare brained editorial that has a couple facts in it and it gets published in like let's say the washington city paper where we are here and the circulation of a couple hundred thousand not that big of a paper but if i write something that the government can argue that you know the ghost of osama bin ladin just read it and that they need to put me in jail for life is really really really terrifying and bradley manning is already been in prison for nearly two years has actually brings to another really important thing that came out of the hearings yesterday was that colonel lynch who is the army. she's presiding over the case and she rejected the defense's pleas to have the u.n. the special right. to ask about that if we're actually going to get to the discussion of the conditions that bradley manning you know was held in all this

time that he was at quantico including of course solitary confinement being forced to strip naked getting checked on every five minutes not in money and low and i was meant as was never actually allowed to visit him but so in that sense you know what would one mendez at his side because he didn't actually see him in person well he had a lot of things to say just going by testimonies from people like david house who did visit manning at quantico and other family members there's only a few people who actually got to sit down and not actually be face to face with manning you know that have you know a foot worth of glass between them but they have enough evidence based on manning's own statements and the military's own admissions of what they've done to him while he was in there for nine months that the u.n. says it constitutes torture fifty different members of british parliament say it constitutes torture you have thousands of people of america and surely more abroad saying that it constitutes torture but when you actually have the guy from the united nations it's not just someone from the bradley manning support network you have the u.n. officials rational who are on record saying you put this guy in solitary

confinement for nine months you took away all of his clothes you would not let him see. sleep you pump him full of drugs you cannot let him talk to people you deprive him of everything a american the american who was fighting for freedom for the rest of the country should have been pumped him full of drugs and he's actually if you go back to a guardian article from march two thousand and eleven i believe there's a statement in there excuse me i forget the actual source of my the mr house i'm not too certain but manning was prescribed. antidepressants by the military and was forced to take them immediately before the one hour a day where he was allowed to pretty much do not even go outside yeah that's the art of it that we never really get to hear i just want to get your take two so we've heard it's there in these hearings or in these pretrial hearings for bradley manning and there's these three people they keep showing up yes nobody can quite figure out who they are and they're starting

a lot of speculation as to whether they might work for the government whether they might be working on the wiki leaks on the grand jury being you know put together now alexandria what have you heard about it i mean keep in mind we only have a couple of people who are in there who are able to report out of the hearings right now and going by a couple sketches that have circulated cross-checking with people who were in alexandria you can see what's happened it looks like the street people believe to be members of the partner of justice who are the prosecutors for the wiki leaks grand jury the mysterious we keep the screen sure that no one knows anything about what supposedly allegedly there's three people in that room who are watching everything that man is doing there are passing notes they are talking kind of being like the bad kids in the back of the room and they might be the key to the rest of this whole puzzle and yet the thing is though we've heard this complaint from joining us anjan from wiki leaks is that their lawyers are not allowed in oh yeah you know they're being incredibly strict about not just letting anyone in but getting information out like the fact that you don't see you know it was c.n.n. they're reporting this is it on the front page of the mainstream media and you're

relying on like citizen journalists and excuses if you're watching with a few people who are actually in that reporting these are these. and the big guns that are in there are actually ruling this information out to us you know people are not even allowed to bring computers and they go in there shouting down no it's sketching images for hours and hours and hours during these pretrial hearings coming back typing them up and tweeting them and that's how people like you or me are actually getting information which is really unfortunate but someone has to be doing it and it actually two so far the judge has refused to actually grammar transparency because we saw a lot of journalists out there jeremy scahill of greenwald center for constitutional rights try to ask for more transparency in these proceedings but they're not being granted are and you're well thanks for filling us in i mean definitely a lot going on this you know the horse no problem it's a lot of. my guys it's time for the short break but when we come back to find out why bill o'reilly's wins tonight will time for war and then this other guy didn't win it all time but he probably could have.