why should why should taxpayers bail out banks since when the taxpayers have to bail out mistakes made by banks that taxpayers didn't make those mistakes when i make a mistake i can i come to you and let you bail me out next time i start losing money. well you should know u.s. government. no i absolutely agree with jim on this or in this instance why can't they allow them to go to go bankrupt we in virginia understand our rights as virginians compared to anybody else i think that you have the right if you are a country to opt out of that circumstance i think the germans have absolute the right to say we have given up we have watched this for a decade it has proven to be unworthy we are simply stopping the payment to the greeks we're going to stop payment to portugal they have to get their own act in order let them go greece will be far better off allow them to go back to the drachma make their economy stronger again let tourists move back go back to greece again we were talking about this beforehand it's too expensive to go and nobody is there greek is a tourist spot and no tourists ar

tony brown is a bail bondsman established in sacramento he runs the tony brown bail bonds a firm which specializes in bailing out offenders before their trials. about the. actual bonds that we use to be able people. in the us freedom has a price the more severe the crime the bigger the bail is in order to get out of jail before trial for example cruelty towards animals this fifty thousand dollars use of firearms is twenty five thousand dollars attempted homicide is half a million dollars contract is a contract the contract stipulates jenna stated that about it as for this person yes there will be will and will will be held accountable for the person that actually bailout. bill bondsman loans now. percent the money needed for the release the remaining ten percent is paid for by the criminal or his relatives. a contract cosign by the offender gives full power to the bone. owes it goes to court we have no problem but the minute he misses court and the court sent me a full version no notice let me know that he is actually actually did go to court that's what i'm about him and the proper ta

i am not for bail outs. if you are going to bail out somebody bail out california.more important to our country. >> wayne, 157 billion to greece . a big chunk coming from the united states. >> folks in america could do manage better than the money. >> i think we have to support the ims. it is what is left over, and by the way which is never accounted for. tiny tim, secretary of the treasury is supposed to account. he never made a report or told us where the money is going . he is a moron of sorts. i agree with john. >> tine i tim? >> and wise words from wane. we have to support the imf. and clearly with the global economic crisis and all of our economic interest that are tied up. we can't say we pulled out. to say that we are going to pretend that the united states is an island and not absolutely tied to the global market is ridiculous. ireland and portugal, have already gotten billions. >> cheryl. you are not listening to jamu. we are all in it together. that's the whole premise. that is the same philosophy that pushed the housing bail out. we are all in it. your n

strauss-kahn from his strict bail conditions. will he get back the $6 million posted in bail and insurance. his lawyers believe it won't be long until the charges are dropped. >> we've maintained from the beginning that mr. strauss-kahn is innocent of these charges and these recent disclosures reinforce he will be exonerated. >> it all started on this manhattan hotel may 14 when a maid from guinea claimed mr. strauss kahn attempted to rape and sexually assault her when she cleaned his suite of rooms. now prosecutors say the maid lied to the grand jury, claiming she hid in the hallway and she now admits to cleaning another room before reporting the alleged attack. prosecutors say the maid lied on her asylum application and lied to investigators about being raped in guinea. outside court her lawyer gave a graphic account of the injuries he she claimed she sustained during the claimed rape. >> the medical evidence supports the victim's account. the forensic evidence supports her account. she was taken from the hotel to the hospital

bailing out wall street banks they're bailing out other banks and so doing they're increasing the debt load so it's making the situation much worse and they're crowding out any ability for the workers in greece to generate enough income to pay off this debt this is consigning the population to debt servitude. let's get some expert analysis on the situation in europe from a financial journalist and author of an overdeveloped joins me now live from brussels. thank you for joining us today the downgrading of greece's credit rating it started back in two thousand and nine and it's still going on where does it end for this country. well it ends where it practically arrived at on july twenty first that is in default because if you read carefully what has been decided on july twenty first being the latest european summit greece is now effectively in default because if you calculate on the net present value of what private bond holders will given you amount to a value reduction of value reduction of around twenty percent so greece i think you're saying effectively that greece is already in eff

he has posted a $6 million bail bond in may. now he's free to travel in america, although he can't leave the country and must appear in court again later this month. this report contains some flash photography. >> a relaxed and confident dominique strauss kahn arrived at the court flanked by his loyal wife as the u.s. media reported that the case against him was on the brink of collapse. in court, the former i.m.f. chief heard the prosecution itself raise doubts about the woman he she claims tried to rape her. >> the credibility issues, we are not moving to dismiss the case this time. >> since the case is now weaker, the judge released mr. strauss kahn from his strict bail conditions. >> thank you, your honor. >> he'll get back the $6 million posted in bait and insurance. his lawyers believe it won't be long until the charges are dropped. >> just maintain from the beginning that mr. strauss cannes is -- strauss kahn is innocent of these charges and these recent disclosures reenforce our conviction that he'll be exonerated. >> a

wiped out it's the euro zone's third largest economy and could prove too big for its neighbors to bail out meanwhile eight out of the ninety european banks have failed stress tests to see if they could survive another financial crisis economics professor patrick min ferd says some of you countries may have to accept a default as wealthier nations no longer want to pay for their costly rescue. and i think we've known all along that a lot of banks in europe and the north would not pass stress tests if these stress tests included the possibility of somewhere in default because of course they've got loads of greek and portuguese and spanish debt and so there was never any question that one of the reasons why it might be in germany's interest to bail out greece is that it's if it doesn't it's going to have a banking crisis of its own and will have to bail out its own banks but i think the the judgment of the taxpayer is they'd rather bail out their own banks if they have to then keep on giving money to greeks who may never get to give it back to them so there's no bailout really impressed b

the bail hearing has been set for july 20th.l be keeping track. >> absolutely. >> thank you. >> and still coming up at 6:30 tonight a live update on the bart protest. an underground appeal for justice bringing trains to a sudden halt in san francisco. >> a grand jury blows the whistle on a whistle blower program that hasn't been doing its job. it's a follow up. >> and there is technology >> and there is technology changing the price denny's new tour of america menu. 50 star cuisine. the new tour of america menu. starting at $4.99. only at denny's. america's diner is always open. empty nest, new kitchen, new us? who are we? chic, modern, daring dinner-party hosts. that sounds dangerous, maybe we're more the tradiotional sunday brunch set? i'll expect slippers and a cocktail to be ready when i get home from work. point taken. how about... peaceful, quiet cottage in the country folk? now that's us. save up to 20% on every kitchen style, now until august 21st at ikea, the life improvement store. >>> good evening, again. bart's civic

bailed out long-term capital management in one thousand nine hundred eight the bailout to be going on for a long time people think oh it's going to get better it's going to get better this time it's just not and until people realize that they're not going to get off their couches stop watching t.v. take to the streets take to the blogosphere confront their neighbors with the falsehoods that they believe until people recognize that the system is dead down and buried they're not going to really advocate for change and it's taking a while for that to sink in for people right well savings and loan crisis was bailed out also fifteen hundred bankers went to jail long term capital management not only did no bankers go to jail but greenspan lowered interest rates thus having savers and retirees subsidize the bailout and the yacht payments for a few guys in greenwich connecticut and when you talk about the stealing from the unborn of course i've always my contentions always bear that this is why the tea party is against abortion is because i need new drugs to inherit the debts and to. to go to

out they mentioned jamie dimon as benefiting from this clause sat on the board of new york fed and bailed out j.p. morgan and then the investigation also revealed that the fed outsourced most of its emergency lending programs to private contractors many of it which also were recipients of extremely low interest and then secret loans jamie diamond dropped on his head as a kid or what i mean here's a guy who's given billions of dollars total exemption from accountability and then he loses that became a few more billion dollars he makes a few books ok that's true but compared to like a real player out there somebody like an oligarch and one of these other countries he's a pusher. the scope of the guard was. a little groove you know you're right you're buying his presentation this is a member it's theater max and the theater he's claiming to only make a few billion a year and he's just a poor schmuck who doesn't know what he's doing he's trying his hardest but in fact these guys own everything they've taken control of everything he could have he could be worth five trillion who knows because

but giving dominique strauss-kahn bail conditions that are not bail conditions at all, they are signallingthe case is heading for a very favorable resolution for the defense. >> what is next? >> good question. given the way things are gone, i would certainly hesitate to predict anything. the thing we will hear next is how does cyrus vance, who is the prosecutor who brought this case with great fanfare, embracing the credibility, describe what happened and whether he is really selling out his -- this victim. whether he is in fact responding rationally and logically to new developments or whether he is simply throwing in the towel because he's afraid of losing to a powerful defendant and his skilled and expensive lawyers. this is a very difficult moment for cyrus vance and he better have some answers. >> did you hear anything presented by the attorney of the alleged victim? anything at all? it was unbelievable, the level of detail about this alleged assault. was there anything that gave you pause in terms of whether or not this case could move forward? >> well, you know, i think we have to k

actually let me explain something here so there is a betting strategy involved it's called the martin bail betting strategy if you go to the roulette wheel and you put your money on red if you lose you just double your bet and you keep placing that money and read it's all eventually you win and this is called the martin del betting system and the problem of using it in a country like america when you have banks like goldman sachs and j.p. morgan using the martindale betting system using derivatives in unlimited borrowing of cash is that it destroys the currency so what goldman sachs and j.p. morgan are saying is like we're just going to keep placing our bets on the same read on the roulette wheel global to rivers markets and we don't care if it means the top. destruction of america the global financial system and the u.s. dollar to me that is the equivalency of any brazen act by any extremist wielding any type of weapon anywhere and yet nobody is stepping in and cutting these people off from their own limited free credit and their bogus attempt to win by rigging these markets well we talk

bailing out wall street banks they're bailing out other banks and so doing they're increasing the debt load so it's making the situation much worse and they're crowding out any ability for the work workers in greece to generate enough income to pay off this debt this is consigning the population to debt service. ok let's look at what german chancellor angela merkel said with that in the germany spain the bulk of the bailout now she commented saying that the euro is good for us and that europe without the euro is unthinkable is it unthinkable. well it's great for germany because they now have all the pieces in place to reestablish what i would dare say is the fourth reich they have the ability now to control the entire eurozone through the german banking system a reunified germany with purview over the entire european banking zone and they get to lord over to countries like greece portugal spain and this is great for germany as long as they keep the euro at a level that they want it's great for their export market doesn't help greece no it doesn't help ireland you know doesn't help port

hears from a union leader who says the public won't stand for bailing out others mistakes. today i'm talking to mark hughes one of the brains behind the thirtieth of june nationwide strikes in the u.k. he's head of the public and commercial services union three hundred thousand members are walking out of a proposed reforms to the pension scheme thanks for talking to r.t. today now this is possible to plan to cut public spending in this country just how drastic are these cuts going to be give us an impression of what they might mean for the cuts most people would have. projected to mean half a million jobs lost in the public sector six hundred thousand jobs in the private sector as a direct result. of wealth. for young people and also. in many of the communities up and down the country. everything that people have taken for granted as. you seem to see these cuts in terms of rights and wrongs almost a moral position but isn't there has to be respected example they.

bailing out the workers or the people who are on the ground so to speak they're bailing out european banks they're bailing out wall street banks they're bailing out other banks and so doing they're increasing the debt load so it's making the situation much worse and they're crowding out any ability for the work workers in greece to generate enough income to pay off this debt this is consigning the population debt servitude. fierce of default all surveys across the atlantic as barack obama's meeting with congressional leaders failed to bring about agreement but the u.s. treasury secretary says congress is working on a framework and the goal is to finalize a deal before asian markets open on sunday afternoon congress must approve raising its current fourteen point three trillion dollar debt ceiling before august second to avoid default the impact of america failing to pay its massive debts would shake the entire world economy and the deal offered by president obama includes slashing medical and social benefit costs but democrats and republicans are divided over the details of balancing

again dealing with police behind closed doors but this time under arrest before being released on bail. libyan rebels have been recognized as the legitimate governing authority in the country by the u.s. and thirty other countries but colonel gadhafi remains defiant in val's never to leave libya as nato airstrikes continue. and a transatlantic cash crunch as america struggles to raise its debt ceiling in a time to avert a default while the euro crisis spreads adding more pressure on the single currency . broadcasting live direct from moscow russia's capital this is archie and sean thomas glad to have you with us. russian emergency crews are to restart efforts to lift of the wreck of a sunken cruiser which went down in the river volga last week killing one hundred twenty nine people including many children a cable snaps during recovery efforts which have had to be restarted the cruiser bulgaria went down in minutes leaving most of the two hundred eight passengers and no chance of escape and one of russia's worst ever shipping disasters our seas tom gardner reports from the site of the c

bailing out european banks they're bailing out wall street banks they're bailing out other banks and so doing they're increasing the debt load so it's making the situation much worse and they're crowding out any ability for the workers in greece to generate enough income to pay off this debt this is consigning the population debt servitude that's keyser here and in the u.s. the republicans and democrats fail to strike a deal to resolve the nation's debt ceiling crisis over the we can the secretary of state hillary clinton who is in hong kong during a tour of asia says she has no doubt an agreement will be reached before next week's deadline economic analyst martin hannity says the u.s. is so deep in debt that crisis is avoidable. united states is essentially bankrupt in any case if they increase their debt ceiling actually yes the chinese rating agency dugong has been saying even if they find an agreement on the increase. is going to be as a result more dead so if the u.s. there are thirteen point five trillion dead and that's just the nomination of their budget it's not even the fis

hedge funds who are bailing out of the company what does that tell you max well it tells me that he's got a great relationship with banks the same banks the government bailed out are now buying shares of b. sky b. on the behest of murdoch and it collusion that is again completely kind of thema to the sense of fair play and democracy in the marketplace again it's a fraud it's perpetuating a fraud and let me just put make a little side here the who's the biggest shareholder to come to the knox defense on day one but saudi prince i'll be wide who's a big shareholder and of course the saudi arabia is a perfect example there is a country that's completely in the throes of a dictatorship of pernicious dictatorship forty the wealth and income gap is probably the more the highest in the world that's what the murdoch's aspire to they aspire to lords and service based prior to define right of schlepped should not be . dictators well going back to the story about hedge funds ditching the shares and selling them to institutional investors institutional investors are also of course the passive fun