being vilified because they want a living wage meanwhile their pensions are being destroyed by bank of new york and other banks and they're getting really gangbang from both directions well harry markopoulos points out in the interview that if you have a pension basically you have been defrauded by bank of new york mellon because everything passes through there that's the twenty five point five trillion in assets it flows through there as the deposit back so it looks to emphasize the point as far as the infrastructure goes and in management of the pension fund industry the because they are at a key point in that whole infrastructure and as keepers their bandits essentially because as the money goes through the system they stand there as a gatekeeper as a bandit and they steal every single transaction and now it's just been becoming revealed the attorney general have to be bought off or bribed or caught in a sex scandal so no prosecution and nothing will will come of this and now importantly there's the occupy wall street they're down well they're trying to get a new york stock exchange right ar

are anxious to go to court and they have been caught red handed stealing billions of dollars bank of new york again is not a crime against humanity of course it is well the markets decide max and the markets are not pricing in any real long term effect at all on bank of new york mellon so that is not going to happen and you can count on everything continuing as such taxpayer nursing huge losses on r.b.s. and lloyds three years on from the bailouts and instead of the profits expected market meltdown and bank regulation means the taxpayer sitting on thirty two billion pound paper loss yes it's the regulation and the market meltdown caused by regulation that is making the taxpayer who own us the banks royal bank of scotland eloise you guys are sitting on a thirty two billion pound loss on a sixty billion pound investment in these banks oh and let's roll erin burnett and that clip what she's down on wall street on the occupy wall street and she talks to a protester there she says a bald faced lie she says that the taxpayers made money on the bailouts play clip said you know that taxpayers actuall

you one example today and the global filed for bankruptcy on monday morning in new york after the federal reserve bank of new york suspended dealings with the grocer dealer this followed it suspension as a primary dealer by the new york fed so what does that mean well as one. of twenty two designated primary dealers of u.s. treasury securities and that global serves as a counter party to the federal reserve bank of new york in open market operations so what exactly are open market operations so the definition this is the buying and selling of government securities in the open market in order to expand or contract the amount of money in the banking system purchases inject money into the banking system and stimulate growth while sales of securities do the opposite so in doing this open market operations are the fed's tool to control the key interest rate which is the fed funds rate so the fed targets an interest rate and goes to the market every day and extract money or injects money by buying or selling treasuries so maybe interest rates are going crazy and then the fed will go into the market and it will

ford has made a deal with united auto workers that promises thousands of new jobs and bonuses for active workers. >>> and bank of new york is being sued for defrauding in currency exchange. >>> the first round of checks are being mailed today of investors with madoff. >>> yum brands delivered earnings that narrowly missed estimates. >>> wall street journal has requested to see warren buffet's tax return. buffet says he will release his if murdoch will do the same. >>> and now pleading with thooefs to stay away. the store has been robbed 23 times. maybe time to get a new alarm. the rangers catch the rays, the phillies ground the cardinals and the diamondbacks bite back. >>> curtis granderson has done it all year for the yankees with his bat but last night it was with his glove. your early morning sports headlines are straight ahead. >> weather pattern has flip-flopped from the east to the west. now time for the west coast to get all the wet weather. >>> good morning. if you are just waking up, this is early today. in sports facing elimination last night the new york yankees made it very clear they are not ready to end the

four-year deal with united autoworkers that promises thousands of new jobs and bonuses for active workers. >>> new york state is suing bank of new york mellon for $2 billion, charging it defrauded thousands of clients in foreign currency exchange transactions. >>> the first round of checks are being made today to guilted investor of ponzi schemer bernard madoff. >>> after the bell, piazza hut brand yum brands missed earnings. >>> rupert murdoch has requested to see warren buffett's tax return. he says he'll release his if murdoch does the same. >>> one grocery store in italy has posted a sign pleading with thieves to stay away. that's because the store has been robbed 23 times. maybe time to get a new alarm. >>> coming up, the rangers catch the rays. phillies ground the cardinals. the diamondbacks bite back. >>> curtis granderson has done it all year for the yankees with his bat, but last night it was with his glove. your early morning sports headlines are straight ahead. >>> our weather pattern has flip-flopped from the east coast to west coast. it's time for the west coast to get all the wet weather. your forecast is co

. >>> new study from the federal research bank of new york found that couples actually know less about their debt than the single counterparts. a lot of people surveyed, half had credit card debt. reality, about 75% of the people do. people who live together, generally were about 30% off their stimmation and how much debt they had for singles. only about 20% . >>> and if you're one of the lucky few who knows exactly how much debt you have, how about adding to it. and the annual, catalog. and this year, they're going to be taking visa and mastercard for the first time. american express and neiman marcus credit card. they are making the move to grab a younger customer database. >> it's not good. >> if you're in the job market, and some jobs are even frightening for the people who have them. a survey from career builders, shows the top ten jobs that make more people break out in the cold sweat. number 10,. pap 11, firefighters. number 7, sanitary modes, morticians. 6, alaska clash fishers. and police officers. minors on forces. and high-rise window washers. and number one, scariest job, b

being vilified because they want to living wage meanwhile their pensions are being destroyed by bank of new york and other banks. because we're poor coming away to later here in the meantime a russian businessman dubbed by the us media the merchant of death is going on trial in a new york accused of being an international arms dealer who was brought to the u.s. from delta being detained in a sting operation by american agents but if he's going to come reports some jewelry could be difficult to come by. a new york judge said should require jurors at the trial a victim to sign a pledge not to research the case on the internet or the media the campaign vilifying bush has been so intense here that one might very well expect the worst would be affected by the whole background for vida's by then you get here he is often referred to as the merchant of death even inspired a movie called the lord of war starring nicolas cage so it could be very hard for the jurors to ignore the legend that was created by the media big to boot has faces charges of selling arms to a terrorist group and conspiring to kill a

the federal reserve bank of new york suspended any of global's new business and halted its shares. more developments out of europe today showing that its financial problems are far from over. a new report says the number of unemployed people in the eurozone hit a record last month. more than 16 million people were without jobs. that's an unemployment rate of about 10.2%. that's the highest total ever for the 17 countries that now use the euro. meanwhile, investors are worried about the financial health of italy. despite the fact that europe plans to bolster its bailout fund to the tune of more than a $1 trillion, the market doesn't believe that will be enough to help italy if its debt crisis worsens. the yield on the benchmark italian 10-year bond rose to 6.1% following a disappointing bond auction on friday. that's troublesome since the 6% level is viewed as an important psychological barrier. still, italy's bond yields are much lower than those of greece and ireland. >> this is one of those slowing- rolling problems that could end up resulting in disaster for patients and health

being vilified because they want a living wage meanwhile their pensions are being destroyed by bank of new york and other banks so they're getting really gang bang from both directions. and started on wall street but the movement of people who say their lives have been ruined by bankers big business and government is spreading across the u.s. and beyond over a thousand protesters hit the streets of los angeles joining the occupy wall street activists who started a movement around a month ago in new york has a story from a way. oh protesters took over a bank of america branch in los angeles and were willing to get arrested in order to send a clear message to wall street we have to take a good you've stolen all the money from the land and we want it more than a dozen people have taken to the streets of los angeles now this movement a group of people from occupy los angeles in solidarity with high wall street and we have here people who have just been foreclosed on plenty of police here in force in order to keep this crowd in check the anti-corporate mobilizations which started in new york are spr

being vilified because they want a living wage meanwhile their pensions are being destroyed by bank of new york and other banks so they're getting really gangbang from both directions. they are his own his own eyes only close to accepting a new bailout plan for dad strapped nations but the file stamp to be at tough one tiny slovakia is the stumbling block the last country to ratify the agreement and push the deal through r.t. sarah firth has been following the story. greece might are being smug bang at the center of attention recently because the euro is in crisis rumbles on and other member states are being asked to vote on the european stability fund we take a look at how these other countries ok paying with the pressure all eyes are on slovak here today to see if politicians will vote positively on the european stability fund to aid ailing countries like greece as the last member state to vote slovakia's decision is crucial but take a look at this t.v. ad for a populist slave beer it announces to want to borrow from everyone that is greek not wanting to lend to grace that is slovak a tongue

being vilified because they want to living wage meanwhile their pensions are being destroyed by bank of new york and other banks and they're getting really gangbang from both directions. because report about an hour and ten minutes her heart say the eurozone is close to accepting a new bailout plan for debt strapped nations but the final step could be a tough one tony slovakia is the stumbling block the last country to ratify the agreement and push the deal through. has been following this. greece might being smack bang at the center of attention recently is the you're using quite as well goes on another member states of being asked to vote on the european stability pans we take a look at how these other countries ok playing with the pressure all eyes are on slovak here today to see if politicians who vote positively on the european stability funds to aid ailing countries like greece as the last member state viki's decision is crucial and take a look at this t.v. ad for a popular slayback beer it announces to want to borrow from everyone that is great not one thing to learn to grace that is slov

. >> reporter: now, according to the federal reserve bank of new york, the average student loan is up about 63% from 10 years ago. >>> the number of people applying for unemployment benefits for the first time went down last week. that's the fourth week in a row that the rate was lower. but economists are saying we are still about 28,000 jobs away from a level that would signal any kind of sustainable job growth. >>> eric canter today cemented his opposition to much of president obama's jobs creation plan. and the virginia republican told the business round table in richmond that he views much of the president's plan as just another expensive stimulus bill. but that there is bipartisan support for parts of his plan, including tax incentives for businesses that hire the military veterans. >> well, the veterans piece, we have passed the bill in the house, which actually echos the president's intent. we agree with the president. we need to make it more attractive and provide incentives for them for employers to hire a veteran. so again, a part of the job's bill that we agree on. >> cante

ken's loan is held by the bank of new york and not by fannie mae or freddie mac. at a time when lower interest rates could save him $2,500 a year, he says the bank has blocked his request to refinance. >> basically they've said, we don't have program for you. i don't apparently fit into this program either. and that's my dilemma thus far is i keep running into a roadblock of this might help others, but it doesn't necessarily help me. >> reporter: and ken lalonde has a lot of company. while the administration could be helping as many as one million people with government-backed loans, estimates say there are seven million homeowners like ken lalonde, who are underwater on their bank loans, are up to date in their payments and who could benefit from lower interest rates. until the banks help refinance that larger group of homeowners, economist dean baker says the president's plan will have limited impact. >> it's difficult for president obama to do very much without help from congress. he can try to pressure the banks, but thus far at least that's not been very succ

as president of the federal reserve bank of new york, orchestrated, cheered on beginning with bear-stearns and then aig, the various government intervention. so for him to try and jump ahead of this parade is just beyond weird, but-- >> go ahead, james. >> i was going to say, listen to the president, he keeps saying this is not class warfare, this is just not. you look at what's going on in downtown manhattan. that's class warfare, these guys do want war. >> paul: could it really be that this is going to be the beginning of a populous left wing movement comparable to what we saw in the conservative populism of tea party and actually become a major political force that has influence not us just over democratic politics, but over policy? >> i would say no, because the tea party is a-- was it reaction among people, small business owners voters, thought the government was spending too much and was too big. the crowd that this group is playing to is extremely small. this is not the typical american voter. this is not the mainstream independent in those swing states. so, i think it's fundamental

being vilified because they want a living wage meanwhile their pensions are being destroyed by bank of new york and other banks. because a report coming away a little later here in ontario meantime a russian businessman the u.s. media of the day is going on trial in new york accused of being an international arms dealer he was brought to the u.s. from top to being detained in a sting operation by american agents but authorities going to reports an unbiased jury could be difficult to come by. a new york judge said she had required jurors at the trial of victor borge to sign a pledge not to research the case on the internet or the media the campaign vilifying the book has been so intense that one might very well expect the jurors to be affected by the whole background provided by the here he is often referred to as the merchant of death even inspired a movie called the lord of wars nicolas cage so it couldn't very hard for the jurors to ignore the legend that was created by the media big to boot faces charges of selling arms to a terrorist group and conspiring to kill american citizens if convict