and taken off the backs of the greek people why should they could do to suffer while bankers like jamie dimon claim as you did in a recent interview from davos that a greek default would have zero impact on the banking system and getting back to the u.s. g.d.p. numbers for the fourth quarter out of the mainstream financial press is reporting that a two point eight percent growth rate so that we finally may be on the road towards recovery really if you take into account consumer price inflation and the fact that more than two thirds of the g.d.p. numbers reflects companies restocking their mentors the pictures look so rosy in fact it looks like a country on the verge of another recession speaking with prominent financial blogger mike to get his take on this and other economic hocus pocus in a moment but for now it's good to the. well it's day three of davos and there are lots of headlines out about what officials are and aren't saying regarding the eurozone and the global economic outlook but how many people there actually care about the agenda and what's missing from it well the host of capit

but you can't make him drink we see not time and time again with bad policies we know the drill jamie dimon has very much the banker perspective and i knew you were interested in this because you sent me this interview earlier and were really excited about it so i did a little bit more due diligence and i actually stumbled upon the chairman of society generale the french bank and so i was asking him about l.t.r. and he had a very similar response he said hey this of verted a credit crisis and a liquidity crisis for banks and that's great so i doesn't sound like he was concerned at all about the countries and the funding of sovereign debt you know just because that was the intention of the people that created l.t.r. o. does that mean that that's in reality what banks are going to do or what they can force banks to do or even expect them to do so you know i'm hearing that same viewpoint from from other bankers about how that's very funny you know these guys always call it a liquidity crisis and you can have a liquidity crisis to last for years liquidity crises are supposed to be short term if

take somebody like jamie dimon who is ceo of jpmorgan chase who was a big fan of the president and who is no longer who is questioning the cumulative affect of new government regulation over the financial sector. he's obviously operating an com bank. how do you interact with him? this is what we're trying to protect and we can work together or against you. >> i've had conversations with jamie dimon it's part of my job to reach out for input from all sides. it's not an easy thing to run a large bank of tens of thousands of employees in a lot of different markets as you just described. at the same time, businesses need to understand that they need to treat their customers fairly and they need to treat them on a sustainable basis and that's something that's important to get across. i think most of the leaders of our businesses are sympathetic to that. they understand that. they want to be responsible businesses. they intend to be law abiding businesses and that's something we will work with them on. >> what specifically are you going in there saying that you need to address? or that you'r

. >>> and many call the most important banker in the world, jamie dimon. on the economy, housing and why he's hopeful. >> america has unbelievable talent. >> ten years later, is no child left behind working? has it improved the education system? a report are card on a controversial program and whether charter schools can make a difference. the "the wall street journal report with maria bartiromo" begins right now. now maria bartiromo. >> here's what is making news as we head in to a new week on wall street. earning season is underway again with a mixed picture painted by two companies. it began with the traditional of dow component alcoa going first. they met expectations though though the revenue was better than expected. jpmorgan chase met expectations but the revenues fell short. i will be talking to the company's ceo jamie dienl coming up in the program. the markets got off to a sizzling start on the new year. by tuesday the dow reached a five-month high and it continued up later in the week. by thursday the s&p 500 had the best beginning of the year s

the reason why he abandoned ship that sounds exactly like the excuses that lloyd blankfein and jamie dimon gave to congress i tripped and fell into tarp that well the algae would be the one that they always yours is the market did it this guy saying it tripped into the life book and so all the way lloyd blankfein and jamie dimon are saying well the market accidentally made me a billionaire i don't know if. it's good to have you with us here on our to today russia has announced plans to build a manned colonies on the moon the country's space agency is viewing partnership with nasa and their counterparts in the e.u. men back on the lunar surface permanently peter all of a explains how scientists hope exploring the moon will help us better understand the nature of life back here on our planet. cosmos want to send first off to unmanned probes to the surface of our nearest celeste steele neighbor and take samples bring them back to earth so they can be studied and analyzed with the hope eventually that we can set up a permanent base on the move now this all sounds very science fiction but it co

that well this guy saying he tripped into the lifeboat and sell the way in lloyd blankfein and jamie dimon are saying well the market accidentally made me a billionaire i don't know how to you know there's further parallels here max because it's emerged as well that he did he's now confessed that he did. deviate from course to go closer to an island to salute to his friend well he said he's done this before and it's always gone ok but he said i don't know why it happened i was a victim of my instincts ok well here's an analogy we know that dabbles is coming up a lot of bankers go to devils they prosper hookers and devils has never been higher so to get that really fine hooker material they do stupid banking tricks like don't come for a bank with a few hundred billion dollars with a debt to generate a huge thing to avoid that hooker and that's pretty much what happens at babbo so here's a guy running a cruise ship you see some chick on the beach baby look at me oh you people are dead well i mean accountability and maritime law yes on wall street the city of london no well he said he was a v

are we making jamie dimon wait again? >> i have a guest almost as big, if not bigger. he's actually jack welch's boss, you know him very well. he's the ceo and thank you for being with us. say hello to the crew back in new york. >> hi. we miss you here. come on 0 back. >> miss you, too, don. >> he's been on as a guest coast. >> i know he has. >> you should come on again when you come back. jack welch's boss. i don't know, though, that's like -- ask him -- is that really true? >> don, really, right? >> i sign his paychecks so i guess i must be. >> i'll actually start there. no, look, this is the guy. jack has actually been very, very positive on the economy. tim geithner moments ago saying he thinks we're going to get 2% to 3% growth, gdp this year. where are you at? >> i think we're going to get some growth. jack reflects what's happening in 16 different companies that we own around the world in all kinds of service, consumer and industrial businesses. 2011 was a pretty good year and even 2012 flash numbers beginning of the year say things are holding up. how good is g

psychiatrists and lawyers because anyone watching this show is a little suspicious of anybody who's quoting jamie dimon as the expert on whether this regulation should be effective or not that was chairman of house financial services committee at the hearing today saying that now the volcker rule is part of dog frank regulation and it is supposed to be in place by july twenty first so we've already seen the comment period extended because of some of the lobbying and interest that we've talked about so we'll see where it goes but now you know what is at the center of this debate is proprietary trading. all right let's end with some loose change we're going to give you are three cents on some of these stories coming out that affect the financial and business world as our producer is here to help me out so is shannon donahoe in the control room holding down the fort we start with some issues for the president of the united states so yesterday president obama met with his jobs council saying you know i'm really proud of the action we've taken on a majority of the council's recommendations on issues ranging

that's the reason why he abandon ship that sounds exactly like the excuses that lloyd blankfein and jamie dimon gave to congress i tripped and fell. into tarp that won't be the analogy would be the one that they always is is the market did it the markets unpredictable we don't know what the market's going to do and when the market did what it was going to do we had to do what we did even though they themselves are manipulating the market to create the effects that make them coincidentally incredibly rich and everyone else poor that's just a coincidence but this is the same kind of excuse that well this guy saying it tripped into the lifeboat and so all the way and lloyd blankfein and jamie diamond are saying well the market accidentally made me a billionaire i don't know if you know there's further parallels here max because it's emerged as well that he did he's now confessed that he did. deviate from course to go closer to an island to salute to his friends well he said he's done this before and it's always gone ok but he said i don't know why it happened i was a victim of my instincts ok well

yeah i bet you will jamie dimon i'm sure you're happy to leave that up to the fed brian moynihan too he's c.e.o. of bank of america said boom and bust cycles are just part of the capitalist system this is just what we have to deal with meanwhile there continue to be protests on the streets over the issues we've seen a number of developments with the occupy movement just over the weekend in oakland here in d.c. so where is the political awareness or the will to do something about this well let's go back a little into history today to figure out where this to disconnect is coming from. with. the big group fired by people. oh. i love them now we used to be kings executed bankers when they didn't want to pay their debts the banks suffered losses when march when monarchs died or defaulted now we have that in reverse and our western democracies we have governments taking on bad bank loans and banks cashing out on profits while the governments are sentenced to death with some risk of default well let's talk to michael hudson he's professor of economics at the university of missouri kansas c

the reason why he abandoned ship that sounds exactly like the excuses that lloyd blankfein and jamie dimon gave to congress i tripped and fell into tarp that well the algae would be the one that they always is is the market did it this guy saying he tripped into the lifeboat and sell the way lloyd blankfein and jamie diamond are saying well the market accidentally made me a billionaire i don't know if that upper. us congress has yielded to massive online pressure and temporarily shelved two controversial anti-piracy bills it follows some of the largest ever hacker attacks on americans top government and entertainment industry websites and a massive internet blackout in protest supporters of the legislation claim it will help protect the copyright online but internet giants like google and wikipedia say it will halt the free flow of information lawmakers stressed that although it's too late the initiative could be revived trevor tim from the electronic frontier foundation says the laws are not just and that fighting piracy. unfortunately the provisions were written so broadly that they woul

jamie dimon will earn forty one point nine million though his shares are down twenty three percent then well if you take barack out you to gadhafi out you take the syrian guy out and you have all the business yourself accordingly and people don't take them on because they don't want to end up like the duffy well jamie diamond did you conduct the press reports have suggested that compensation pools at seven of the biggest u.s. banks will total about one hundred fifty six billion dollars this year including salaries benefits and bonus which would be three point seven percent higher than last year's record breaking number so as you see the economy continues to fall fall fall fall and the paranormal that bill gross says it's like paranormal that the bankers can continue to make money no matter what the market up down disasters collapse surging no matter what they continue to make more money but it's not paranormal and bill gross for resorting to such a thinly thought out. explanation for what's going on my explanation my analogy is crystal clear the titanic is sinking they're making the who

dollars at the reception desk at goldman sachs so they're the ones that get sent down lloyd blankfein jamie dimon they're making twenty five thirty million dollars a year so that means technically it's impossible if they have a knife in their hand that's all bloodied and and a dozen dead people in front of them they cannot have committed the crime because they are wealthy absolutely right jamie diamond could take a machine gun and murder fifty people at wal-mart and people would say you see he's god only go to do that there is another excuse being offered in the us and that is that the government ate my homework this is from michael thomas the big lie wall street has destroyed the wonder that was america michael thomas is a former banker he was at lehman brothers for thirty years he was a partner there and he's saying that now the excuse that bankers use over and over whenever there's a giant crisis this is the government's fault somehow regulations forced us to steal all your money to take your money your segregated accounts to leverage up one hundred to one they government forced us to do that

banks jamie dimon says no but there are a lot of people that say we have no idea what kind of impact it would have and how could you imagine that it's not going to have any i have a hard time imagining that with all of the derivatives we know that are floating out there in the c.d.'s it's been written. all right our own financial guru and host of the capital account more and less star thanks for all that. and be sure to stay tuned for the big picture coming up in just a half hour tonight host tom hartman will go into detail about multimillionaire republican lobbyist grover norquist supplant to impeach president obama the crimes against the one percent and then later he'll give a round up of the occupy wall street movement after a tumultuous weekend of protests so he better stick around about for us that will do it for now for more on the stories we covered go to our t. don't calm usa and there you'll find my full interview with independent journalist who has been following the occupy wall street movement since it all started back on september seventeenth and he told me about what he'

banks jamie dimon says no but there are a lot of people that say we have no idea what kind of impact it would have and how could you imagine that it's not going to have any i have a hard time imagining that with all of the derivatives we know that are floating out there in the c.d.'s it's been written. all right our own financial guru and host of the capital account more and less star thanks for all that very interesting stuff be sure to stick around for the alona show is coming up in just a half hour a little earlier tonight we showed you a chart of just how far the u.s. has dropped on the index of the journalist freedoms scores of journalists have been arrested while covering occupy wall street tonight a little sit down with susie cagle a journalist who wasn't arrested once but twice covering the movement still to learn all about her most recent arrest in oakland as well as some of the other interactions that she's had there but for now that will do it for more on the stories we cover and go to our t.v. dot com slash usa you should also check out our youtube page we post almost all

a wiretap conversation played in court where county employee kevin kelly jokes with jamie dimon about the possibility he picked up from a hooker in vegas if it were true of our drinking a lot of overboard is going to you will groom. what do you like better the herpes or the or the muppet puppet one that i don't think they're mutually exclusive i think it's the puppets talking about herpes really then i want to you can talk about herpes and you know keeping it innocent you have to bring muppets into it i think so i think it's the best thing i've seen i mean this is the way to do court forget the sketch is to get the truth wearing the exact route c.v. was just blown out of the while who cares about tru t.v. and now we have a puppet that's actually it was good it was good was creative and let's move on to these crazy ads that are out there these are put out by a group called physicians committee for responsible medicine and basically they're telling you that if you ever eat cheese you're going to be fat that's your abs on cheese and those are your thighs on. which you know i love cheese