that says, if the neighbors do not understand the depth of their neighbor security system, then one should not expect all the results from the neighbor. because neighbors should be treated with great to understand in georgia had shared security with russia. the same thing happened with ukraine made his approach to russia's boards, as everyone knows all over the world that this was absolutely unacceptable for russia to move forwards to then further. everyone understood how this would and interest and the world with russia was naturally more the body of the west. there for the prime minister, spoke briefly. but to the point that must be no cease fire in ukraine. that's what you chico, sort of on demand is advocating a o during and all during i should say that any truce would be damaging for kia together with ukraine. we want a just peace, a ceasefire resulting and of frozen conflict will not bring lasting

peace. i stole a ceasefire, wasn't place after 2014. and we know what's happened to that arrangement last february when russia invited to create. so i'm elected european commission president ursula vander line is pretending that the ministry agreement cease fire deal in the dawn, passed between russia and ukraine, and with france. and germany as guarantors did not stick because russia didn't a whole, it's end of it. the cleaners, a bumper head and get, and media and forget a whole series of events that the western press that she was involved with. does she write this stuff that she says or solve for even bother to read it before hands? who at least you know, make sure that the jives with her actual reality. because back in january of 2022, about a month before the conflict in ukraine went red hot european and american leaders including founder line, successfully pressure due crane and zalinski to take legislation off the table. that would have explicitly violated the misc piece agreement. the west was loading

up ukraine with weapons on the russian border. and training guys with nazi chat seems to find for you frame. so as queen ursula seriously saying that any potential feature ceasefire, i knew frank can't possibly do better than the one that was so poor. they respected that a seat down into the public domain. and the western press was reporting that zalinski was pretty much getting his behind spanked by western leaders from or former french president. post slow around said back in march. that the minutes agreements bought ukraine, trying to build up its military capacity against russia. so, using a cease fire as a pretexts to build up weapons. not exactly what one does with piece in mind. so is bonded line seriously saying that is the gold standard that can possibly be beat in terms of any potential future piece dealers, the spire and that's exactly along the same lines as what other european leaders

are saying. for example, list present to do that. today they say the driver put in last the war and she's the feed is a film on join nato. ladies and gentlemen, flooding or put them has not lost a single war, but i hope you will lose this one. no rush, he's crushing you crate. we know that only victory over russia will give us a save world. so as you frame, you're really going to be calling the shots for all of europe and the west. now for us president donald trump pot facts during his term in the white house for holding a congressionally approved weapons for ukraine military aid. trump was asked recently whether he wanted a ukrainian when over russia, and here's what he said, lee ukraine to win this for. i don't think in terms of winning and losing, i think in terms of getting it settled. so we stop killing all these people and breaking down. can you say if you want ukraine or russia to win this war?

i want everybody to step die. then dying russians and you say i want him to stop guy. yeah, that's not a business man like approach. you know, doesn't really matter who wins or loses. it should be a win win in the everybody lives. well, that's kind of a far cry from what we're hearing from the west in european and us leaders who are framing this as an absolute must win for ukraine and the cost of even more lives. but it's a quote, a good investment for them. as former secretary of state hillary clinton and senator lindsey graham have both said, now if that's a sentiment that's rattling around in western florida or is a power, then it really does explain a lot of what's going on and what we're seeing. poland has landed us health and hot water of of plans that could see opposition fit goes blocked from holding any roles and public office among those who have condemned with the proposed legislation over officials in america and the or do you have

a special on so knowledge about the solutions bottom, with the creation by low, of especially the company to you, able to deprive city city citizens individuals for their wise to be elected to the us government is concerned by the polish governments. passage of new legislation that could be misused to interfere with poland is free and fair elections. we share the concerns expressed by many observers that this law could be used to block the candidacy of opposition politicians without due process. the new doors are set to create a commission to investigate, alleged russian interference, since 2007. critics seem to move that was an attack on the opposition as political opponents wouldn't have the powers needed to challenge the decision in court. it also threatens to bring on the scrutiny, the main opposition later, donald pers, who's both the former prime minister and the full. but you, you council president and senior research fellow with the global policy institute of georgia. that may be why they believe that the western criticism could make the

publish government well backed down. the whole is very sensitive to the very negative views. i mean, these are, we are basically the ones that want to keep in with the western mazda is. so it might cause a re think it's happened before. 5 poland has made all day shifts, moves um, such as for instance, um the denial of a foreign ownership of media. this of course, upsets immediately the americans because that meant the americans were going to be pushed out of old as media market and pulling them very quickly back down. so it's possible that they going to, uh, back down in the face of this uh, we do a breakfast ability but you know, and that, you know, they also know then donald, to us is their mind. they, they want those to in the selection, even though they've done everything that they can to be even more and the russian

then the, who's the line who anyone in washington, africa is designed to find a new equal place in the modern world and profit from his own natural resources as one the backing of moscow. russia is totally different. mike made the comments while then most on page, the latest like of his latest africa to it. sounds like a new college of africa does not want to return to colonial times. it wants to make the most of the natural resources it possesses and not just to trade raw materials that have been exported from here for centuries, but to make products that will have added value and be in demand. and of course, today's africa is immeasurably more aware of its identity and is increasingly insistently demanding for itself an equal place in the emerging multi polar world order, including 2 proper and fair representation in the un security council, which rushes supports folks. so to get levels to visit, to malls and be kind of the pest concise that followed after i think provides very

good snapshots of the changes happening within the international system. because many african countries, as we have been reporting for all of this visit, have taken the position of neutrality. when it comes to the conflict in ukraine, they refused to succumb to the west. some pressure to impose sanctions against russia or terminate financial energy. other sorts of deals with the russian federation as to the level such today of the press conference. this is demonstration that africa is not what it used to be. you know, africa wants to be treated with dignity. it wants to be treated with respect. it doesn't want to be a rubber stamp in the united nations. it wants to take a self interested, constructive and substantive role in international affairs. mozambique is a good example of that because it's a country that has had a productive relationship with mosca ever since its independence in 1975 has a pretty vibrant at industrial cooperation with the soviet union. one thing i want

to mention is that most on pick itself is no stranger to armed conflict. it faced a very bloody civil war back in the 1996. it is still suffering from a militant insurgency in the north of the country, but the position of mos on because that all can conflicts need to be settled through direct dialogues. so we stress the need for the entire international community to seek local solutions to local problems. our prism emphasized the role for russia in the mediation of numerous conflicts, including the cleaning conflict. in particular, the chinese initiative, emphasizing the need for direct dialogue between countries. she also welcome the efforts of the russian federation to organize the 2nd russian africa forum, unexpressed readiness, if necessary, to contribute to the establishment of peace and good neighborliness between russia and ukraine. now, uh, there was also a very interesting question about the rumors surfaced by the american ambassador to

south africa about the suppose it trade a weapons trade between south africa and russia, russian for ministers sub if american ambassadors have any issues or doubts about that. they should mind their own business, use the media guns if something was stopped by the american or any other overseas ambassador. and then in general, you need to know your place and not get into other people's affairs. as for the topic of arm supplies, i would like to emphasize once again that we never violate international norms, but our western colleagues do violate them. they declare neutrality with regard to the events and ukraine, but pump the country with a huge amount of modern, long range and generally unsafe weapons, including for those who use them, i mean the shelves with depleted uranium to give support to a regime whose official representatives loudly threatened to kill all russians, all of them. therefore, it is probably better for american passengers to take care of their own image in

the eyes of the foreign public, viewable p. accuse the west uh directly of exploiting, uh, africa and then many other parts of the world. and he said that the many countries do not want to go on with that. as before. and meanwhile, 10 years president is seeking to establish upon african payment system to help ditch the us dollar from global commerce. we are all struggling to make payments for goods and services from one country to another because of differences in currencies. and in the middle of all these, we are all subjected to a dollar environment. we do not have to look for dollars. our business men will concentrate on moving goods and services and leave the arduous task of currencies to affect some bank. i can use the president as always, just african count deposits to mobilize central and commercial banks to join the new frame was launched last january, the so called time african payments and settlement system eases intra african trade

and was backed by the african union and the african central bank, the professor from the university of south africa believes the continent needs to pitch the dollar with the help of the bricks block. if indeed it wants to become a world economic leader. a us store long as we need to do a loop was expended on either says, one warrant. the 2nd one was a service as a usa because these are basically shut off, or i didn't know i've tried the best one once again, little of course. and now we might see is unfair. 12000000 tiny was younger deductible. thank you for allowing me more might be due. today is august and i'm calling because we cannot be done. i will be pushing for the body to to are probably about this. i'll get the chance we are really into taking them out of get ready to take, you know, as far as one do tool. i have a manual, i'm going to use table for future generations. i'll, i'll all just by the about the date i've got are making sure that we have the best

one actually paid for them before they can just set up. if you're trying to have his email, i chose, or i want to be strong and spam. i do, depending they should have done, excuse yourself, as part of what i'm not getting any missions in the way. it's very important for us as long as we can. and today i'll leave that information as part of moving towards that direction. i'm kind of teaching in one place on supposed to be able to be challenges, but i've not seen any of them, you know, like, i mean, those charge, it's a colonial era. scramble for resources in south africa, or is being remembered today, is wednesday mach into a 100 and 21st. i've a 3 of the end of the 2nd bill, one of the biggest and costly as conflicts, the british fort before the 1st world war. at the end of the 20th century, up written to attempted to satisfy its appetite to the south african minerals in gold, saving some 70000 lives in the process. the miniature part was a bit on balance. half a 1000000 brits facing off against 88000 bow

a troops due to an unknown and difficult terrain for the british. the bull republic gained the upper hand at 1st. their british forces could eventually prevail. we can have a closer look at this. not without these catholic, almost on of the narrative offers concepts the leaves or rather between these 2 warring fire insides on the african. so has been carried through over many years and the plates and dispute thoughts. so the involvement of subjects, not only i'm reading your thoughts in this will, but i did some of the west paints and see facts lecture employed in the concentration camps. the main woods as minutes you supply and age 14 and well the transporting food and weapons as well as animal seats. the women on the other hand, as well as the children are not stayed as they were to the concentration camps, as assistance to the good woman as full was to feed the front line commandos. now, the british felipe suits in using the black label as 5 and the movement of the fluids, as well as helping that which is navigates the south african landscape. now many of

these black men and women died not as a result of the void south back from what's important diseases from the overcrowding in those concentration comes as well as plus invitation, entering t 19 a purchase and p defended the actions of his full fathers during a dialogue about winston churchill legacy. now, jacob reese mold was justifying concentration. came steering an appearance on pvc question time. while these concentration camps held black and we'll women and children against, they will often abruptly meeting them from the funds with over 27000 of them dine at those can. only $6000.00 men died as a result of the voice of havoc which is empty and says that the formation of the camps will for the safety, south african concentration camps had exactly the same mortality rate as existing laws go at the time. so that not a good thing, but where else will people going to live when the use of concentration got? no, i didn't on talking about the balls the pool. had people pushing incomes pulled protects

the bridgework men to the use a concentration. but i'm afraid to confusing concentration comes with it, says extermination. come outside of this. i like the any calls in the family. i wouldn't be for these are people who were in tongue for the safety. the numbers of those that perished during the war remained conclusive for the end, the british. but alarmingly, the black masses, who account for logic, percentage of the dates remain unknown, which is campaign that it may be. hope house has come out with the latest evidencing how look. mono was a deal of the british army, had been since or other had rather sent our places to live or other. he had been sent to baby need the situation in south africa at the time he also arrived switches that meets the atrocities close to the buzz and the natives of the land ease and keep scores of children that were dying and how the conditions. in fact, came so atrocious with little to no food as well as milk. basic health care. the

theory that all the weekly children being dead, the rate would fall off is not so far borne out by the facts. the strong ones must be dying now, and they will all be dead by the spring of 19 o. 3. i thought we had begun to turn the corner and that after having reached unparalleled heights of mortality in october, we should now show a heavy decline. unfortunately, the figures have risen again. alarmingly. this, the convertible was a complex and lighted concepts that have far reaching consequences for southern africa and the clue. it remains an important event in the history of imperialism and colonialism and serves as a reminder of the human cost of will and can. ringback that's a from so me. so ortiz defense. but i was discussing this story with south africa national assemblyman by force, a job of who believes this country was at the end of the day, forced into a war that was not, it's on the

all right, that's just about it for now. here now i see it's a national from all of us here in the newsroom. thank you very much for sharing the time with us. the one of us here in the russian capital all 2 years on gab, odyssey and telegram, and lots of ways for you to catch up with your news. but methods the the

we are in st. petersburg, the capital of washing, valet, preserving the plastic card and the touring model into the mix. the city continues to define culture, the hungary as being a member of the european union of the nato since 1999 during the 1st post. so good wave of nato's this would expansion number the status because of this, the me longest sense is dylan. my property that i see like that uh right now as a country its a to me so me that me at if so we get back. i saw zap, i did do my ads to avoid the pre show the name. yeah. it's the lawyers now will

beach but i see, but i see us play. that's virtually some of which is strongly in the early ninety's hungry was a country with the west view of russia to day star co disagreements left over from the soviet union. so what is the, why do you, what did you, some of my, your somebody build on what i see if you follow up, you must somebody in the compare the police report more than those. what i see is great and i did is a, it's a police degree though as much, but the thousands upon thousands of americans lost their homes during the economic crisis of 20082009, commonly known as the housing level. one of the primary reasons why this happened was because of something called subprime loans. mortgage loans were made to people who simply shouldn't have qualified for them. the reason banks do this is simply

breed. they hope they can guides consumers and keep losses in check. but then what happens when the economy slows at the same time? what happens when people just can no longer make payments? the result is that the entire system falls apart. and that's exactly what happened in 2008. i'm john kerry. ok, welcome to the whistle blowers the . 2 2 2 2 2 2 the housing bubble, economic collapse of 20082009 was the worst period and economic decline since the great depression. indeed, it's called by many the great recession. memoirs by former fed chairman and secretaries of the treasury are clear economic business and banking leaders had no idea how to get themselves out of a crisis caused by greed and with money being too readily available. that greed was

simply providing loans to people who shouldn't have qualified for them and who had no way to pay them back. at the 1st sign of economic trouble. as the economy slowed and unemployment went up, people suddenly fell behind on their payments. hundreds of thousands just walked away from their homes, turned the keys over to the banks and watched. busy everything fell apart, but none of this should have come as a surprise. there was ample warning, but a disaster was approaching. our next guest was one of the people who was warning his leaders about the danger as a chief business underwriter for city group, during the housing bubble and the subsequent financial crisis. richard bowen repeatedly warned executive management and the bank's board of directors, as many as 60 percent of prime mortgages were a risk. he also warned about the risks associated with cities practice of lowering its standards for sub prime mortgages. his warnings were ignored. and as if that wasn't bad enough, city stripped him of all responsibilities,

placed him on administrative leave and told him that his presence at the bank was no longer required. but everything richard said, turned out to be true. he later testified before the securities and exchange commission, and he gave nationally televised testimony before the financial crisis. inquiry commission. richards experience was covered by the renowned news program, 60 minutes, as well as by the wall street journal, the new york times, and the washington post. as well as other major outlets. richard, thank you so much for joining us. welcome to the show. thank you john. it's a pleasure to meet you as well as be on your show. thank you sir. the pleasure is all mine, richard for so many americans. the housing bubble hit like a ton of bricks with no warning, but that really wasn't the case. there actually were indications that something terrible was going to happen. when did you 1st see something was amiss? and what did you do at the very beginning,

as well in 2006 city group was the largest bank in the world. and in early 2006, they consolidated all of their banking operations. varied earth banking up for one inch. and they, um, they consolidated these and they, i received a huge promotion. i was promoted to business chief underwriter. i have responsibility to make sure that the $90000000000.00 a year of mortgages, that citigroup was purchasing from other banks. a mortgage company. now understand citigroup did not make these mortgages. they did not originate them. they purchased them from other banks and mortgage companies. and when they use these, they would turn around and they would sell them. they would sell them to fannie mae, freddie mac, mortgage securitization. and when they sold them,

they would give their guarantees, they would give their representations and warranties the page mortgages met their policy guides watch. well, i took over my new responsibilities in early 2006 and by june of 2006. and again, that's my responsibility to make sure that these met our policy guidelines. well, in june of 2006, i discovered that over 60 percent of these mortgages did not meet our guidelines. they were by definition defective. many of them were $401.00. and a silly need, i thought it was my job because they were selling them and guaranteeing that they were group mortgages. so as i started this morning, i sent the email i put in my weekly report,

i made committee presentations. i corner people in the hallways at the moment. i'm not a shy guy. and 320062007. the volumes kept increasing and the rates of defective mortgages increased from 60 to an excess of 80 percent. oh my gosh. in india, nothing would happen. they continued to sell them and during pee into the purchasers. the thing that our guidelines. so i knew somehow this had gone up very high in the organization. i knew somehow i had to get to the board of directors. but how do you do that? and i was agonizing over the ash when on november the 2nd of 2007,

it hit all of the press that they were calling an emergency board meeting for the coming sunday, november the 4th. and it was in the crash that that charles branch was going to resign at the board meeting as chairman and robert reuben was the one to be named german of the board. that's it. yeah, that's how what my warnings to the board meeting. so the next day on saturday, november the 3rd, sitting at my kitchen table. i put together an e mail. i addressed it to robert reuben, who was, who was name chairman of the board the next day. and i also sent it to the major executives, the chief auditor, the chief financial officer, the chief risk officer. and i told him the story about how he'd been if,

when warnings for a year and a half. wow. because i knew under sarbanes oxley, i knew they were legally bound to tell the board can tell investors that there was this fraudulent activity going on. well, i, uh, i got their attention. all right. i subsequently to not to come back to the bank. and this was not a fun time in my life, i imagine not going back to that period. you were clearly a detail person. you were looking at the numbers, the charge, the graphs, the complicated data related not just the economy, of course, but to the banks holdings and loans. you saw this troubling pattern. you went to the banks, executives about it. and the reaction then was well at the beginning to just ignore

you. why is it, why is it that they chose to ignore you? because obviously they have access to the same kind of information that you had. you are the one who are supposed to, who is supposed to be sort of the, the, the analyst for them. so why, why did they just dismiss you? and no one could argue with what i was saying. like, these are just technical exceptions. you know, there's no fee, but this is tony. yeah, we're going to have watches on this. and of course this was while the bubble was still expanding and you have those losses. and i say ok if it's, if it's simply a policy issue, it's technically against department change. the policy was i couldn't do that. but the real reason in hindsight, john is this was a very possible business model of.