unintelligible] and they had seen people leave as a result of the difference in the contribution in keyser and blue shield it was determined this was a good idea to take this one time amount of money into consideration because of its availability and apply it to the rates. and so the hope is that will help stabilize what has been a deteriorating population of people from blue shield to kaiser. for information say, you're kaiser rates are on page 12. your blue shield rates in your packet are 13. uhc is 14. dental is on pages 17 through 19. is there any questions before i continue? supervisor chu: this is an important point at something that was brought up at the health service board and was a matter we grappled with as well. this is the use of subsidies. as many of you know, we had entered into aco's accounts will care organization. at least a year ago. the point of the aco's and they work with an entity like blue shield. we're supposed to coordinate with the doctors and patients to improve the experience. so when someone is hospitalized and get this charge, is there someone to follow up an

those are the headlines what next he's financial next keyser refuse the latest lose from the world of high finance because reports that's coming your way. i am max foster this is the kaiser report on what a week according to a court of the u.k. now referred to. as a puppet master and it's not libelous let's talk about banks and sharks and all kinds of other flora and fauna of the global financial crack down stacey max other banking terrorists have been causing tear gas and they. have lines. it is foreclosure settlement. all over again so this is isaac gradgrind a lawyer who specializes in mortgage backed securities new rights today be attorneys general of forty nine states with oklahoma being the old holdout announced a record twenty six billion dollars settlement with the nation's five largest servicers over false and fraudulent foreclosure practices like robo signing good news right max no no no he looks at the details only five billion dollars of the total consists of cash payments while another seventeen to twenty billion dollars consists of principal write downs and other aid to

keyser welcome back to the kaiser report time now to go to new york and speak with francine mckenna who operates a blog re the auditor's dot com a specialized news sign about the business of the big four on it for arms including price waterhouse cooper where she previously worked shell summarized for forbes francine welcome to the kaiser report thanks for having me let's talk about m.f. global the m.f. global client funds have been vaporized and then found and then vaporized and goes over many times here with the money ever been to be found where is this money well i don't believe any of the latest reports because they keep talking about legitimate transactions this money is gone it's not coming back because i think that it disappeared as a result of an illegitimate transaction you don't have legitimate transactions real things like sales of assets to goldman sachs who are borrowing against a line of credit at j.p. morgan that doesn't result in money actually missing and they've actually admitted that it's been missing ever since the thirty first when they went bankrupt just before the

western then bronson went on to make a death wish series which i like to be in a death wish moving mass keyser in the charles bronson moving stalking bankers in new york with a big fricken gun. well max you did confront mervyn king their bank move could make pensioners poorer savers on the verge of retirement are facing the prospect of becoming permanent really poorer as the bank of england prepares to expand its program of quantitative easing otherwise it is q.e. by fifty billion pounds this week so a person about to retire will be hit by the banks who because the value of the new eighty's ball on retirement is based on returns from u.k. government bonds called gilt these investments are bought by the bank during the easing process thus driving down the yields the phrase permanently poorer stands out all the quantitative easing program so far have failed and stoking growth and wage appreciation they have made a few bankers extraordinarily wealthy they would like to increase the rate of wealth transference from the many who will now become permanently poor to the very top one percent of the to

welcome back to the kaiser report imax keyser time now to go to new york and speak with chris whalen of tangent capital criswell and welcome to the kaiser report hello max all right chris well let's get into this question on everybody's mind the latest greek deal your thoughts well it's it's not so much a deal as is buying time we're now going to try and convince all these investors to take a seventy percent loss and take these new pieces of paper in exchange for the old ones i don't know if this is going to be successful you know eventually we're going to have a new government in greece too and they may not agree with the path that the technocrats are taking at the moment so i think you have to view this as a step towards some kind of resolution but i don't think this is it right let's let's try to look at this you know a higher up just look at the euro itself not sure if you have comments on this per se but i know your your colleague over there tangent capital jim rickards is very constructive on the euro over the dollar do you have an opinion on this currency play well it's funny

welcome back to the kaiser report keyser time to go to athens greece and speak with a catalyst professor and author dr yes vero yanis welcome to the kaiser report thank you to delay being here. here's the headline no reforms no bailout what's the latest drawing in the greek belov drama up with that is simple story this deal is. going to fail just like the previous one in may two thousand and ten because you have it a bankrupt entity that exists and you keep piling you debt on and on condition that the this country is going to shrink its g.d.p. its national income through which was this will have to be paid for that and at some point the german taxpayers have had enough and this is the problem the german the german political elites arleen and kind of. come to the general the german elected and all these drama enough is completely besides the point it's aims like a case really a financial sadism in other words. there are a number of ways to extricate greece from this problem one would be for example to prosecute the bank the bank or say fraud certainly god greece into the air out to begin

and i were back imax keyser time now to go to manila and speak with zeus a young movie younis a blogger on finance and economic matters of two minds dot com zeus welcome back to the kaiser report. all right zuzu you write the first domino is greece reality and cascading defaults your thoughts on yet another latent in the latest scenes from the ongoing greek tragedy i got the idea to wrote write about the tragedy referred to actually. action greek tragedies and i talked a little bit about it in the article that the banks have done sort of what eucharist did they stitched together these wax and feather financial fabrications and they've flown a little bit too close to the sun and their wings have melted and they're being brought down to the earth and instead of sort of taking the once they've decided to sack sacrificed taxpayers to appease the gods so that was sort of the intro to this this great tragedy i was reading about wolfgang's wobble was reportedly caught on tape saying he was inflicting excessive pain upon the greeks merely for the pleasure of his home electorate it sounds more l

. >> never heard a word until i got a debit card turned down at keyser for $10 and a debit card turnedafeway. >> reporter: the feds took over the failed bank when no other bank would step in. >> we just didn't have anyone interested in taking over. >> i was hoping i was hearing wrong. >> reporter: this customer heard the news about her bank closing and is relieved that there was a plan. she just wasn't in on it. >> they rearranged this ahead of time, you said. so that's good because i was very worried about that. >> reporter: if they arranged it ahead of time, why couldn't they call you ahead of time? >> because they didn't wanton to panic and pull their money out i guess. >> reporter: the fdic provided this letter to creditors suggesting they waive any return check charges and penalties due to the bank's closure. but it's not binding. >> they will be receiving a check from the fdic hopefully latter part of this week to reimburse them for the amount of deposit. >> reporter: no consolation for howard, who faces weeks of red tape. >> i have five checks in the mail that are going to bounc

for 19-year-old blogger brandon keyser, its a he a big time opportunity for a kentucky guy. place for the up and coming conservatives to stake their ground. okay, brandon, you're there. are you missing ash lynn yet? is everybody watching back home in kentucky? >> i hope so. >> listen, you know, a lot of teens your age, they're interested in parties, and dating. they're not thinking about politics. how did you find your way to this convention and blogging? >> i wish i could tell you. i honestly have no idea. i just started watching the news basically when i was a young teen amg ger. kept watching t. started reading blaupgs on line and thought i would try my hand at it. >> you're still a young teenager. you're 19. you must have started doing this when you were in elementary school. tell me what got you excited about cpac. was it a certain, i don't know, a speaker or a subject matter? something had to get you motivated to want to pack up and get there. >> really it's largely the opportunity to meet and talk with other people, other conservatives, especially ones that are my age