media in america their kind of miracle on park avenue they were fantasizing before christmas jamie diamond's perp walk why it could be this year's christmas miracle so even putting aside the rap sheet of crimes committed by j.p. morgan chase over the past several years for which a c.e.o. can be said to be ultimately responsible just a week ago jamie dimon explicitly violated a federal statute that carries a prison sentence that he's a free man today with no fear of prosecution doesn't only speak to our two tiered system of justice in america it should color our perceptions of new rules and regulations that supposedly get tough on the financial industry as we recognize that any law is only as strong as the individuals who enforce them so by his own admission apparently jamie diamond violated section nine zero six of the sarbanes oxley act by his own admission yes yes because he's just dumping people he's just letting them know that he can break the law with impunity i think it's to impress is kids maybe they want to see daddy break the law and get on t.v.

i mean it's amazing isn't it the banking industry at the end of the day is very easy business it's like a utility business you're just essentially loaning money out there you're taking in and you're making a spread on the difference in those two interest rates as the banking industry sort of jazz it up to give a banker like jamie diamond some kind of amusing reason to go to work he breaks the law is the same way kids would rip off the wings off fly flies or maybe a serial killer likes to go around killing people and burying them in the backyard just to break up the monotony of being you know in middle class non-compliant so jamie likes to break the law easily he's a he lays a law breaking it that's his hobby now remember right before christmas jamie diamond his family were throwing all these balls in the air at their home and having a laugh and it is like a pillow fight that we see in the regulatory thing they're just like play fighting oh i'm going to hit jamie diamond over the head with the pillow this is the feathers give me. it's like

a wrecking ball more like it just smashing through the economy the point is that he jamie really just enjoys breaking the law i mean that's his hobby a lot of people collect butterflies jamie diamond breaks the law that's his hobby that's what he enjoys doing well i'd rather have him do that then when you say wrecking ball it of course reminds me of miley cyrus sitting on the wrecking ball naked and flying around i wouldn't want to see jay we diamond on a wrecking ball nique and i didn't see the miley cyrus other wrecking ball i remember cher struggling like a fifty millimeter gun isn't it from a huge ship and i thought that was pretty impressive it was and while i think your date. shares. got a share ok so let's look at the section nine of six that he violated section nine of six forces corporate c.e.o.'s and c f o's chief financial officer is to add a written certification to every periodic financial statement filed with the

securities and exchange commission in the certification the c.e.o. and c.f.o. must personally attest that the documents submitted to the f.c.c. are accurate as well as at the corporation has adequate internal controls that phrase quote internal controls is a very specific meaning covering the accuracy of all financial reporting proper risk management compliance with all applicable regulations under section under six if the c.e.o. or c.f.o. knowingly or willfully make false certifications i.e. they know the f.c.c. filing contains inaccurate information or that the company's internal controls are inadequate they face fines of up to five million dollars or imprisonment by twenty years now that wonder well for example it appears that jamie dimon the c.f.o. knew they were false statements being made on their earnings report well we say on the show many times are the laws that don't apply to bankers in this sense because they will make the case that they're financially innovating and they're doing something that the laws haven't caught up with yet the laws need to change or if they really get cornered they're in the place where they may. have to go on

a perp walk like john good friend did i think is the last really major banker during the solomon brothers scandal dating yourself well i'm going to have seen this on the you know i'm on a story and i've watched this for many years now. haven't seen anything since then and you know this is not going to happen because a they will just crash the market and there was a crash the market do you know what the n.s.a. it as now control the plunge protection team they've got the jamie diamond and his ninety million dollars billion trillion slush fund they just crash the market like they did in two thousand and eight to get memory when hank paulson got the almost a trillion dollars extortion of money from congress they just crashed the market well speaking of pillow fights h.s.b.c. got hit by a pillow right before christmas h.s.b.c. get small fine for terrorist transactions a major u.s. bank has agreed to settlement for transferring funds of the half a financier is for the militant group hezbollah the treasury department announced on tuesday concluding that h.s.b.c. is actions were quote not the result of willful or reckless conduct treasury's

officer who are now assets control except a thirty two thousand four hundred dollars settlement from the bank ok so let's go back to apartheid remember the boycott that broke the spine of apartheid was the barclays bank boycott people and the pension funds in the institutional business they were pulling money from barclays and barclays put in motion the end of apartheid through to that bank that was seen as underwriting the new regime of apartheid in south africa so here you have a just b.c. in bed with hezbollah they just be saying not only do they blow in the money from mexican drug cartels not only do they rip people off on the high street around the world and they are there you know they're not america they're not the world's local bank they're the world's local terrorist financing organization essentially so you have them financing as below. what is this room is israel coming out and saying we're against a just b. c. financing i was blown up i know because you're too close to this a film

a russian letters a thing the u.s. doesn't care as i point out that h.s.b.c. was also financing al qaeda so it's as it's about kickbacks is about future job prospects that the war on terror is a money spinner as a huge money earner that's all they care about they want it to be financed remember israel gives weapons to various islamist forces in order to make sure that they're working so i know it's very profitable but land of the free america has twenty five percent of the world's prisoners the united states has about five percent of the world's population and houses about twenty five percent of its prisoners in large part that's the result of the war on drugs along mandatory minimum sentences but it also reflects america's tendency to criminalize acts that other countries the us civil violations so all these people in jail for life on drug charges that h.s.b.c. has admitted to laundering seven billion dollars and drug money from mexico. they paid a small fine

a billion dollars or so they're not in prison nobody is in prison they're in the american prison population if they were smart they would solicit their services to hezbollah because apparently h.s.b.c. is right there with a big fat bonus checks so like the wall street terrorists are seeking huge end of the year bonuses for commanding ever greater acts of financial terrorism the average in properly jail drug users last somehow connected to a drug crime with or without evidence of being connected to that crime to really work your way up the american dream you need to put out your services to an organization like so a just peace in israel will give you a big fat bonus check so going back to these stories in the united states we have over and over jamie dimon an eight and j.p. morgan is committed crime at the crime it's a crime of crime they've they've paid a dozens of fines this year for various crimes well let's look at what other people are sent away for civil violations for years on end in america in two thousand and ten the economist highlighted a case in which four americans were arrested for importing lobster tails and

plastic bags rather than in cardboard boxes that violated a honduran law which is that country no longer enforces but because it's still on the books there it's in force here in the united states quote the lobstermen had no idea they were breaking the law yet three of them got eight years apiece when the article was published ten years later two of them were still behind bars ten years in prison for bringing a lobster tails in plastic bags rather than cardboard boxes and yet they can't find as obama said to the nation he can't find any reason to arrest them incarcerate jamie diamond on the jamie diamond it is breaking the law it is own self admission he's begging so you go like jamie is begging to be imprisoned some people i've had this experience when i worked on wall street myself a lot of people they beg to be wiped out financially and my role as a stockbroker is to you. denies there are accounts jamie diamond is

a guy who's begging to be euthanized and i think as a country as a world we should get together and answer his wish he wants to become one with his maker he says look i broke the law please arrest me i want to go to jail and be abused by hundreds of thousands of inmates and some on godly way that's my goal in life i'm tired of being free put me in prison i beg you so he breaks more and more laws but unfortunately the law breaking becomes the basis of the g.d.p. for a country like america and they can't put him in jail because i need him out there breaking the law so they can pay themselves huge bonuses at the end of the year so he's really is an existential crisis that's as christmas wish but nobody will fill his christmas wish oh well the. little now you mention euthanized and this isn't this headline european boycott of death penalty drugs lowers rates of u.s. executions european led boycott of medical drugs used by us corrections department to execute prisoners is having such an impact that has driven the number of

executions to an almost all time low a leading authority on the death penalty has concluded so there were only thirty nine executions this year and that's only the second time since one thousand nine hundred four the number of executions the united states has been less than forty and this is because europe has banned that export to the united states of these drugs that are made here that execute. americans prisoners in america on the death row now for if but for the european commission all the many more americans would have been executed maybe for importing you know lobster tails in the correct cardboard box that maybe they didn't put the lid on correctly who knows what they would have been executed for well they don't have the money for the drugs maybe they should just let these people roam on their own accord elementary school playground the chances of getting murdered are pretty high. to people like to shoot each other over there in america just let him go to a school and let him. gunned down like so many other folks that we got to go thanks

. have fun in the second half yeah stay tuned for the second half oh love mo. street interesting. t.g. . tried. under cover team of journalists trying to release wiki leaks documents about see how the united states is trying to. be a global media more pro-american they encounter fear ignorance and pressure. just country blocks the way to information freedom. media stuff on our t.v. . i know c.n.n. the m s n b c news have taken some slightly but the fact is i admire their

commitment to cover all sides of the story just in case one of them happens to be accurate. that was funny but it's close and for the truth and might think. it's because one whole attention and the mainstream media works side by side with you is actually on you. and are teen years we have a different brain. because the news of the world just is not this funny i'm not laughing dammit i'm not how. you got us into the jokes well handled in the sense that i'm. such. as the country fourteen olympics was this boy's life law is is so

special as the russian resort prepares to welcome the world power the game shaping the city's present and future life mole so it will bring it this is a momentary pleasure from a very cold and snowy windy mountainous tough yet beyond the olympics but to say. on our team. welcome back to the kaiser report imax keyser time editor to scottish business bad mail metro a victim of the royal bank of scotland assault on small and medium sized businesses their welcome to the kaiser report thank you very much for having me pleasure just to give a little context there are three better reporting on the show back a scholar and they got into some trouble because they are involved in all kinds of underhanded skullduggery and the state bail them out and now they just continued to

do bad things talk a little bit about your case well i took i took my own company to geology in zero g. is r.b.s. is global restructuring group ok and i took it to them and asked for support because i find some accounting irregularities and that we needed to investigate and and that's subsequently been investigated a fool no successfully finished and i put four people in prison so i have a reputation for putting people in prison for fraud. in the meantime within four months of asking r.b.s. to support the company they had stripped it of cash assets they had put the business into ministration and a business that was worth six hundred million pounds was sold for two hundred four to an american vulture fund within four months one hundred sixty four million plus forty that they hid in a secret escrow account they also used offshore tax structures but within four months my shareholders my board told us and i all lost significantly. what was

disgusting about it was that having taken. a company that already had some difficulties or some can sound i thought i was going to get help and support and that it would truly be a business support you know and and instead they basically took everything else that was left ok and then you know it talk about the facts of the banks especially during this post two thousand and eight two thousand and. period having gaves and lots of market manipulation and lots of fraud and but this r.b.s. case israel a case that is a specific example of a bank acting in a way that is beyond just making such a few accounting errors or doing a little market manipulation that they're acting as a gangster in the truest sense of the word they have a subsidiary their military wing if you will this restructuring group they identify

targets they don't if i companies they they leg break the companies they disable the companies they destabilize them they then they pick them up for pennies on the dollar but this case is not just want a one off case that r.b.s. is involved and in many cases any so i think on as well my my initial thought was that i was dealing with two managing directors with the geology and the support staff and two partners in law farm and two partners and keep e m g who i then noticed after my own business that they went from one project to another and that's also an indication of systemic institutionalized fraud when you get the same people turning up and applying the same processes to the same types of companies what was really wanting and this is an important point to make beyond the tomlinson report is that these were all large companies and much larger than mine and and so for two years as i studied my one case and built my own potential legal claims i also was studying eleven father case examples so i began to believe that there

was a cookie cutter system in place to use in american ism that it was systemic institutionalized in april two thousand and ten. two years worth of investigation and had involved forty six people cost we nearly four and a half million pounds cash in a private investigation and i took it to stephen hester directly in april two thousand and ten and i asked them to investigate it and i asked him to inform the knesset in thought of these including the f. a c. . and for the last three and a half years stephen hester refused to investigate it so philip hampton refused to investigate it and for three and a half years they've put on jew effort into avoiding investigating with legal threats harassment illegal surveillance and and in the meantime i've continued to to investigate i've worked with fetus investigative journalists more recently i've provided intelligence case studies and access to key advisers to lawyers tomlinson

and his study and insight to the partner business and i absolutely agree with you. in the last couple of years i've realized that it isn't a couple of rogue managing directors that it is institutionalized at systemic it's run absolutely from the top and although geology was set up in one thousand nine hundred two as a recovery unit i generally believe that's what it was and it did for for the for us but at some point i reckon about two thousand and two two thousand and three it was changed to profit center and they went and they became very good at it very aggressive and they've been profiting of a sense. i'd go beyond using the what access to me is economic terrorism because if you think that there are seven hundred fifty thousand businesses in geology at any time. in any given time of any year the run rate is huge and. they are b.s. propaganda machine has been putting out in the last couple of weeks and in the spotlight sponsor the tomlinson report that ninety percent of businesses that go

through geology have a successful outcome to the law and if you look at ph a hundred seventy one of the two thousand and twelve r.b.s. on your reporting accounts it actually says in their under report accounts that only six percent of companies come right the other end of geology so it's a mensa so having spent i'm sorry if so what it cements other basically minson companies putting them through the front end or grabbing cash the taking every form of asset and essentially what it's about is destroying businesses and therefore jobs and livelihoods and and the criticism that's being made out to lawrence tomlinson about him and his rule is one thing but what what's really important is that i have absolutely no doubt because i've seen the evidence for myself that he has all the case studies that he says he has he's issues not a lack of evidence his issue is that he's overwhelmed by evidence in each and of ok

well not a science that tomlinson came forward he was working as a business advisor to the coalition government i guess it caught the eye of fans cable who gave him some. presents and talking about the scandal and of course the media which is compromised in this country and around the world is trying to maybe. attack some of the credibility of some of the some of the folks involved here but let's let's let's roll back the tape a little bit because you've got a situation in this country where h.s.b.c. has was caught laundering money for drugs a mexican drug cartel yep they were directly or indirectly responsible for sixty thousand murders many of them decapitations billions of pounds of money laundering . now it's come out that they are involved with hezbollah they're financing hezbollah that that that's h.s.b.c.

your money at the bank is going to help but not to be permissible by the way they're just like oh it's whatever you know ok so now these banks r.b.s. royal bank of scotland who's part of the big four banks in this country r.b.s. agents b.c. the weights and when the other one. there are using these terrorist you say financial terrorism against british citizens yeah it's crimes against the british public and claims against the state because the consequences are hundreds and hundreds of british businesses that were viable and another part of the r.b.s. propaganda is to say that the old zombies and very distressed. again tomlinson and others are commenting that many many of the businesses that are tipped into geology are long term sustainable profitable viable businesses so the tipping. essay meese into into geology and then the asset stripping them one of the things that we

need to correct about the tomlinson report is that he was confined by vince cable to talk about s.m.s. and he tended to talk about stripping on property. actually the reality is that it's every company that's ever gone through regardless of size small medium and large and including some very large publicly listed companies some large brands some large retailers and hotels whatever so it's every type of company every size of company and. also every type of asset because the first thing the banks do when they get their sights on you is is the behavior of shadow directors the appoint their own tolerant consultants who you have to pay for but actually you have to turn around that is no aspect of tunnel or own recovery restructuring quick question you mentioned how this seems to be an organized cookie cutter racket the racket tearing as we would say to be prosecuted under anti racketeering law you mention k p m g one of the biggest going to fault and this country are very little

as talked about the role of the consultants but are these major consultancies where the earth and young k p m d price waterhouse cooper are they in these rackets are they equally culpable in the racket. the complicit in it because you know the take the instruction they do the work and. and they get the fees but also and in some in my case they were given double the fees at the end without even invoicing ok now you describe this going on for small companies we covered this a couple weeks ago with a hotel here in port portsmouth who had their hotel strip all that ripped away and destroyed but in your case even here you're classified maybe as a small to medium enterprise but you've spent millions of your own money in pursuit of justice and so for a lot of people that's not a small business that's a little bit bigger than a small business so you're spending millions of dollars of your own money so and what's the what's the what's the go forward here where were you spouse that the

spend more of the go forward is that i've already long before vince cable a few weeks ago much over the sheet of me this year i reported a provided a dossier of evidence and a full report to the commander of city of london police to the head of intelligence that the. serious fraud a serious fraud office to the financial conduct authority i leased with the department of business and in the last weeks i've been acting as an advisor and protect the person by each in my sea because i've not been able to show. how much revenue customs that actually r.b.s. have been orchestrates and frauds against the state claims against the state whereby they have been instructing or stopping british businesses paying tax payments jute each m.r.c. . the last i had in the last week from each of my c's they reckon that this is created a tax gap. year matches treasury of billions and the to launch a national investigation into r.b.s.

his conduct in the whole tax element of this so so my intention here is to of course seek compensation that still due to me for my family but book but since i met with the philip compton twice in the last year the mission is a current. the countryman of r.b.s. who. i've been going at head to head for three and a half years and has known about it for that time and as avoided investigating it i've no had confirmation from the f.c.a. that he nor anyone else in r.b.s. for filled their regulatory obligations to report this to the financial conduct disorder to which they are legally obliged to do that's the extent of the cover up so i've taken it to all the right and proper criminal authorities my mission is to ensure that geology has stopped. the effect flips closed. to war with those and companies that are already in geology as to what is being done to them and by getting media attention to this is

a lair companies that have been destroyed at the hands of r.p.s. in the last years to seek compensation and one of the things that i've worked on in the last months is to set up an r p s g r g business action group to actually support you key how to safely find information about that you go on the website look up the r.b.s. business action group and you'll see all the details of the spur of the support and also of our intended group legal action and one of the things that vince cable hasn't been telling the nation in the last couple of weeks when asked by by media folks like yourself is what is the official estimate by the government on compensates the damages and the initial estimate as a whole just this year was five to fifteen billion and we've got to cut it right there five to fifteen billion of course and that's the age of austerity where they're throwing people out of their homes because they claim they have no money

and they don't go after the hezbollah to the u.k. banking sector royal bank of scotland all right well we i got a cut off thanks mustering our kaiser thanks very much for having me. ok and that's going to do it for this edition of the kaiser report with me max keiser and stacy herbert i'd like to thank our guest neil mitchell was a blower on the s. and a practices of r.b.s. if you'd like to get in touch tweet us at kaiser report until next time by al. he survived the atrocities. to make a final decision. has changed his life and the world around him. by giving. hope.

and love to so many children. nicolae the lyrics work on t.v. . dramas that can't be ignored to. stories others to refuse to notice. food is changing the world writes next. to a picture of today's leaves. from a roast to. local. t.v. . a feel good.

social science center just published a study suggesting that two thirds of muslims in western europe hold their religious roles and the laws of the countries that believe that if you read the bible if you get if you go into christianity you find the sentence that you should obey god more. means religious schools more important. more convincing those of the students in the very same thing that

is now referred to the muslims. twelve months of chasing. the money which surely you find the world we live in. aren't you was there to bring you the full future clash with the police the police are. employed to close a camp that is a dark spot on their field the barricades taken on new year's eve the guard little team of reporters you can revisit the q twenty three g. and outline what to expect next. for our annual two hour news special. twenty four g. with our chief.

i. aspire highlevel corruption to keep. the government's resignation. yes the federal judge rules it's legal for the n.s.a. to collect the telephone records of millions of americans as it helps to counter terrorism while the american and british media are for failing to challenge the government's. role is not to be out. to be. journalist glenn greenwald scolds his colleagues for unquestioningly serving those in power as he addresses an international congress. the year winds down with.