few of the reasons are the number two top two reasons are government and fed policies as jamie diamond j.p. morgan pointed out with that chart the equities rally is where at the top five percent really have their wealth concentrated now government policy taxes that a lot less than they tax income from labor. and then the fed is actually driving up the price i driving up the wealth of the top percentage right or the squeezed people now to the point where they just can't squeeze anymore the women enter the workforce madam got multiple jobs and they use the home equity line of credits to extract wealth from their houses that's now finished and then the stock market straining in a bubble territory so that's kind of run run out of runway so to speak so what's next what trick will what rabbit will be pulled out of the hat to try to keep this debt marathon going well begging that's where leaving in a beggar economy they have to start begging for get all this stupid thing working him like contributing to the wealth creation start begging taking pickpocketing turn america nation of beggars well i'm sure it

few of the reasons are the number two top two reasons are government and fed policies as jamie diamond j.p. morgan pointed out with that chart that the equities rally is where at the top five percent really have their wealth concentrated now government policy taxes that a lot less than they tax income from labor. and then the fed is actually driving up the price i driving up the wealth of the top percentage right through the squeezed people now to the point where they just can't squeeze anymore the women enter the workforce madam got multiple jobs and they use the home equity line of credits to extract wealth from their houses that's now finished and then the stock market straining in a bubble territory so that's kind of run run out of runway so to speak so what's next what trick will what rabbit will be pulled out of the hat to try to keep this debt marathon going well begging that's where leaving in a beggar economy they have to start begging for get all this stupid thing working him like contributing to the wealth creation start begging taking pickpocketing they're not america nation of beggars

folks like jami diamond at j.p. morgan, they don't have to pay regular income tax. they get most of their income in stock options and use the carried income provision that mitt romney use to say shelter his income. we don't see barack obama going after those guys. they talk about it, why? they harvest lots of big campaign contributions on wall treat. that a lot of this is more political than economic, has to do with sacred cows that neither party wants to slay. >> the people at the bottom end, we need opportunities for them, but one of the big discussions now is whether there should be an increase in minimum wage. the president called for an increase to $9 an hour and tying it to inflation. a bill has been put forward to raise it to $10.10 an hour. harkin said it's the smart substantive position, the smart economic position, humanitarian and political position. i don't think there's much doubt among the democrats focusing on income inquality that this is a big political issue for them. what about the minimum wage and the fact that it is really well below in inflatio

j.p. morgan's jamie diamond british leader david cameron it will be financed there's always. the lead singer to your remember that he famously branded fact cat in the snow when he's bad stevie's going to be a bit more complementary this year so what all these people are going to be told about the next four days in the us while on the. income. that's one of the biggest thieves we recently found out the three point five billion people. will the paris parts of the walls they actually have the same amount of well as the eighty five richest people quite starting ready and rather ironic when you consider the fact that the richest people will be to try and deal with that problem eighty billion as expected this as well as that topic we've got the facts of de lay should know what risk that poses at the moment as well as your stupid troubled banks does this have value to us as well the issue of the chinese economy and how it's developing as well as janet yellen. what that will look like and also the tensions in the mideast to get the most anticipated person that will be making an appea

j.p. morgan's jamie diamond got british data david cameron air with rules who got the finance cheese there's always celebs as well who got bought over the lead saying of you to your remember that he famously branded this event fact cats in the snow what he's bought was a visa going to be a bit more complementary they share so what all these people are going to talk about in the next four days than in the us while on the agenda is income inequality that's one of the biggest things they share and we recently found out that a three point five billion people the paris parts of the walls they actually have the same amount of wealth as the eighty five richest people quite starting ready and rather ironic when you consider the fact that the richest people will be a teacher ryan deal with that problem got eighty billion as expected this as well as that talk but we've also got the facts of de lay should know what risk that poses at the moment as well as europe still troubled banks was valued at as well the issue of the chinese economy and how it's developing as well as janet yellen and what that will

j.p. morgan's jamie diamond got british data david cameron air we've also got the finance cheese there's always celebs as well i've got daughter the lead singer of you to your remember that he famously branded this event fact cats in the snow so what all these people are going to be told about in the next four days than in the us while on the agenda is income inequality that's one of the biggest things they share and we recently found out that a three point five billion people the paris parts of the walls they actually have the same amount of wealth as the eighty five richest people quite startling ready and rather ironic when you consider the fact that the richest people will be t. try and deal with that problem got eighty billion as expected this vent and also the tensions in the mideast to get the most anticipated person that will be making an appearance here will be mr rouhani iran's leader will be here to woo investors in a potential post in bargo economies to see how he gets on with that was put aside from not the fat but there are so many big names in davos is difficult not to appreciate

i would say, it's an interesting sort of coincidence that after jamie diamond, the ceo of j.p. morganase started attacking the obama administration, on economic and regulatory policy, all of a sudden these investigations start popping up. >> you have to wonder. quid pro quo or tit-for-tat. >> they did some things wrong. >> what about where they -- five years to be on good behavior or more -- >> called a deferred prosecution. that means they can stay in business and have to agree not do bad stuff. here's the reality. this part is weird. if j.p. morgan did aid and abet bernie madoff, where is the person that did that aiding and abetting. why aren't they charging one named person. the reason why they're not? j.p. morgan maybe as an institution didn't do anything worse than what the securities and exchange commission did, which is -- couldn't find -- bernie madoff -- they had evidence he did wrong and they did nothing. >> we'll get into that later. you're right. one thing i'm asking, these funds that willingly -- i know j.p. -- they're not the only ones dos do you think that makes them th

j.p. morgan chase c.e.o. jamie diamond recently called. terrible store of value in part because international governments bankers and other officials are unsure whether they can trust the digital currency in the aftermath of rahm's arrest securing confidence in bitcoin may prove even more challenging reporting from new york marina artsy. pancho analyst mark thinks the case has a political context linked to growing influence the us dollar is actually the major facilitator of illegal transactions of drugs and human trafficking all sorts of nasty business is most of the trade is done with the u.s. dollar not big coin bitcoin is a small player it is a small percentage of its transactions are illegal that's true but the majority are for legal goods whereas the u.s. dollar is the primary player in international trade in illicit items but this was a political event not a legal or judicial event this arrest it was a political event meant to intimidate people in the bitcoin space and it was a perfectly foreseeable event as well. some other news in

j.p. morgan chase c.e.o. jamie diamond recently called because terra. store of value in part because international governments bankers and other officials are unsure whether they can trust the digital currency in the aftermath of rahm's arrest securing confidence in big point may prove even more challenging reporting from new york marina r.t. . coming up our special report on the final frontier between the u.s. and mexico's drug money is right after the break. i've always had mixed feelings about speed traps it seems like it's a waste of the police officers time but on the other hand they sure do make people paranoid and drive more slowly one man from texas is completely sure of his opinion about speed traps and he set out to save his felt texans from being fined for speeding and much more importantly from potential traffic accidents caused by the hidden police and now he is the one who is in deep trouble according to fox news ron martin faces a misdemeanor charge for violating fiscal texas sign ordinance that says that you may only stand around holding

j.p. morgan chase c.e.o. jamie diamond recently called because when i. terrible store of value in part because international governments bankers and other officials are unsure whether they can trust the digital currency in the aftermath of strom's arrest securing confidence in big oil may prove even more challenging reporting from new york marina r.t. . and let's not have some other news in brief this hour and southeastern america is in the path of a heavy winter freeze that has already gone to the midwest and grounded scores of flights the state of louisiana and the city of new orleans have declared a state of emergency while still in several other areas schools and businesses will be closed in what officials have described as the heaviest storm. and a mass protests to run against the swearing in ceremony of the country's newly elected president has been held in the protest was organized by supporters of the film head of state montreal is a lie or who was ousted in two thousand and nine demonstrators chanted slogans against a vast regularities during po

j.p. morgan chase c.e.o. jamie diamond recently called because when i tell. store of value in part because international governments bankers and other officials are unsure whether they can trust the digital currency in the aftermath of rahm's arrest securing confidence in point may prove even more challenging reporting from new york marina portnoy r.t. . the state of the union address later today is a chance for the u.s. president to take stock and to set the agenda but it comes at a time when americans are increasingly negative about how they view their own country when asked in one word to describe the u.s. many citizens chose divided or troubled some think the situation is getting worse while just a small number think things are changing for the better. off reports previous promises made in barack obama's key political address have not always been promises kept. looking to put the toughest year of his presidency behind him baracoa obama will deliver his sixth state of the union address to congress and the american people here in washington on tuesday yet a

j.p. morgan jays ceo jamie diamond earned $20 million including 320,000 shares. his total stake is now more than 6 million shares valued at $325 millio running in bad today visa guarantees customers are not held responsible if it reaches stolen after 110 million people had their account information stolen with the data breach at target and the market as. herbalife shares fall today after senator markey called for annvestigation of the company colleague and a possible policy scheme. long sat -- ponzi scheme he has made a numr of campaigns claims he takes a short position in the company nd billionaire investor carl icahn takes the opposite position holding nearly 20 percent of the stock. one bit of good news wall bar and announces the $10 billion fund to promote american be venturing jobs in the push to sell more american made products. way to go. thinking of more. the white house opposes with the senior health care advisers is leaving after only six months of the job the and one official says he resigned because of a recent health scare and other family considerat

as well as businesses so good on netflix for speaking out the bad jamie diamond for an interview with c.m. d.c. yesterday the j.p. morgan c.e.o. told said that the thirteen billion dollars settlement his bank recently reached with the justice department was going through her check it out. so you look at these big numbers and they are big numbers and so the public looks at them and they're trying to grasp and understand what to make of it do you think ultimately that it was fair no i do a lot of that was unfair but i can go to details i was that really. more than half of that thirteen billion dollars settlement was tax deductible spare us the sob story jamie no one's listening and the very very ugly ted nugent right wing activist went on a wild rant in a recent interview with guns dot com saying that he took personal responsibility for the real action of the quote subhuman mongrel and quote barack obama is description i might take a look. up. just fail to galvanize and try to not shape enough americans to be ever vigilant not to let a chicago communist bring communist which communist nurtured subhuman. like the corn comm

holder said and did when jamie diamond was brought down to washington for committing acts of economic fraud and terrorism. that we are unable to prosecute jamie dimon of j.p. morgan here at the department of justice this is what eric holder the attorney general of the united states saying he is incapable of prosecuting terrorism in america so why don't you just resign because you're sucking up too much oxygen the entire all the u.s. attorney general so the bar he said when he find them two billion dollars and a different prosecution agreement for their role in the made off a ponzi scheme he said he had to think the collateral consequences if the criminal case were brought i.e. they can't do it because fraud is so endemic to the whole u.s. but here los angeles is saying they could get rid of them we're going to look at these contracts why do we want to do business with a fraudster if they're committing fraud everywhere else is it likely that we're going to be presumably if they're committing fraud against us as well now the mayor of law. handle this who is eric chadha he said that he hasn't reviewed this motion by the councilman but he said quote i want to make su