interest to the bank.st these assets we have what the bank owes to its depositors, what we call demand deposits, since they are payable whenever we write a check on them. what fractional-reserve banking means isn't that assets exceed liabilities-- you see they balance at $100 million-- but that the bank's demand deposit liabiliti exceed the bank's cash reserves. the fraction here is 1/5. the knickerbocker case shows that there is an inherent vulnerability in this kind of banking. if this bank's loans turn bad it can get into trouble. even if they are o.k., the bank can face trouble if people believe it's in trouble. if everybody wants their cash back, obviously our bank can't satisfy them. believing makes it so. but this same principle also explains why the system usually works just fine. believing our money is safe makes it so. most of us never think about our bank's balance sheet. we have no need to usually. 25 years after the panic of 1907, the country was torn and nearly overturned by the great depress

banking and deposit banking. >> what would it take for americans to be more trusting of the banking system >> i think some of the same things that we see happen almost on a daily basis have to stop happening. there is a situation out here in los angeles where a couple got a knock on their door and said their house was sold out from under them, even though they never missed a payment on their mortgage. another thing that was tried to have been addressed in dodd-fra dodd-frank, but servicers are finding ways around it. when you sign a bunch of settlements and say we have ended this conduct, and it can't happen again, if the banks go back to the exact same conduct, there will be an extreme lack of trust there. >> all right. i have to cut you off there. abby what would it take? >> we need talking points and action from the administration as far as how do they view the financial administration going forward, instead we have thousands of pages of regulation and no idea where we're going next. >> well thank you all for joining us today. that's all for us. you can log on to our facebook page or se

citizen, bank on s.f.ple do not have a bank account because they might be in the check system, which means they had an account in the past but had problems managing it and it was closed. that gives them no option but to go to a cash -- check catcher for up to seven years. you want to give these people second chance. >> to find account best for you, follow these three easy steps. first, find a participating bank or credit union. call 211 or call one of our partner banks or credit unions and ask about the bank on s.f. account. both -- most bridges will have a sign in their window. second, ask about opening an account through bank on s.f.. a financial partner will guide you through this process and connect you with the account that is best for you. third, bring some form of identification. the california id, for an id, or your passport is fine. >> now you have open your account. simple? that is exactly why it was designed. you can access your account online, set up direct deposit, and make transfers. it is a

of citi bank c.e.o. of chase j.p. morgan city the bank of america c.e.o. they were having secret meeting to decide us. economic policy and foreign policy really serious stuff basically this was the the conspiracy nuts fantasy you know you have the bankers secretly meeting with treasury officials designing the details of banking regulation policies it's as if the bob got together with the police chief is like a bad scene on the godfather so i disclose this and of course i had to do quite a bit of work to make sure it was real one is that it actually the memo to summer saying remember call the boys the memo to summers actually have the private phone numbers of the five big c.e.o.'s and so i called one of the c.e.o.'s private numbers and sure enough no secretary nothing straight to the man i had to wonder b.b.c. rules say who i was and when he found i wasn't larry larry summers click and all the other numbers were changed but i travel all over the world confirming this memo to geneva to ecuador and darkest new york as well. this is part and parcel of the patt

taking greedy bank of party the dow traders are standing there watching relays replied oh boy you are the worst day on wall street where america are forty three percent of what's happening on wall street yes that was the catastrophic reaction to the destruction of the lehman brothers the biggest financial blow since the great depression but a decade on how the leave in lessons been learnt what it seems the risk taking habits are hard to shake just last year will see its biggest bank j.p. morgan chase lost at a six billion dollars on dodgy credit default swaps which the bank tried to cover up it's also been accusations of improper and it is trading reports that the bank children of chinese officials to help with business and several cases of misleading customers on identity theft products and mortgages as well all together these legal disputes will cost the bank just under seven billion dollars a teeny tiny paid out for a bank with assets of two point four trillion dollars so now i'm joined by young from t.v. advisors so patrick tell me have the lessons been learnt fundamentally when i

sixteen mortgages are going to sell at the bank say that we got from bank b. eleven a bank and this goes on in the days fraud circle of fraud and creating a snow globe of fraud creating the illusion of growth but what you have is just more fraud and i think what keynes fail to four see is number one the rise of the parasite banking class and number two. all the productivity gains that would have been there due to mechanization and industrialization of effectively been stolen by the parasite banking class so but failing to see the rise of the what i call the jamie dimon tapeworms syndrome is why he got it so wrong. david gruber also looks at the rise of resentment that goes along with this so the actual people who are the working class have this sort of resentment through propaganda but he compares it to say the case of say they hired these expert excellent cabinet makers but instead they show up at the job and they discover that they have to spend the whole time frying fish so everybody in this cabinet making factory is actually frying fish all day and by the

banks j.p. morgan chase bank of america citigroup and wells fargo today have about seven point eight trillion in assets about forty seven percent of the u.s. gross domestic product up from six point four trillion or forty three percent of g.d.p. at the time of the crisis in two thousand and eight it was sixty percent of the two thousand and ten dodd frank act still on hold because republicans in congress refused to fund it is bigger to bet these big or too big to fail banks are just as toxic to the economy as they were five years ago arguably more so meanwhile wealth inequality which started growing with the reagan revolution has picked up steam dramatically since two thousand and eight last year the richest ten percent of americans took home over fifty percent of total income a record the top one percent took home a little over twenty percent of total income the one percent has also captured about ninety five percent of the income gains since the recession ended when america emerged from the gr

just as well all together these legal disputes will cost the bank just under seven billion dollars a teeny tiny paid out for a bank with assets of two point four trillion dollars so now i'm joined by patchett young from t.v. advisors so patrick tell me have the lessons been lance fundamentally when it comes to lehman's i think we can safely say that nobody's learned the lessons from this escapade whatsoever government overall has simply missed the object they've ended up actually in the back pockets of the banks fundamentally the banks themselves haven't realised the fact that they have to change indeed if we're going to look at this from a big picture in history standpoint the thing that the collapse of lehman smart is the absolute peak power from now on it's the power of networks intermediating the banks that will challenge the financial monopoly government doesn't understand this the bankers don't want to accept it and have we learned our lessons sadly not so is it the government's fault that the bankers have too much power. oh fundamentally i think banks have ended up in an incre

banking system, the banking system writ large and assad that we are playing with keeps with respect to financial warfare and those are couple examples where we want to ratchets up the data we probably could. >> there are people in the audience who are perhaps in the book, call out juan zarate on what he did wrong. we have a couple of microphones wandering around. does anyone have a question? if not we will keep blathering on up here. if you don't mind waiting for the microphone. and introduce yourself. >> i am a private investor. effectively the tail wagging my dog. i would like to tell you a little bit of the story. i was in markets very heavily and the plea for 25 years before the crisis began. i went through those markets and felt in directly the third and fourth layer affected many of the things you are talking about. most of us could not figure out what was going on but we knew something was going on. usually when we reach that stage in the financial community we look at government being the cause so we suspect you can break through it so now comes the question. at the core of

of the other sixteen mortgages are going to so that the banks say that we got from bank b. the leverage of bank and this goes on in the days of fraud circle of fraud and creating a snow globe of fraud creating the illusion of growth but what you have is just more fraud and i think what keynes fail to four see is number one the rise of the parasite banking class and number two. all the productivity gains that would have been there due to mechanization and industrialization of effectively been stolen by the parasite banking class so but failing to see the rise of the what i call the jamie dimon tapeworms syndrome is why he got it so wrong and david gruber also looks at the rise of resentment that goes along with us so the actual people who are the working class have this sort of resentment through propaganda but he compares it to say the case of say they hired these expert excellent cabinet makers but instead they show up at the job and they discover that they have to spend the whole time frying fish so everybody in this cabinet making factory is actually frying fish all day

bank. that new message yesterday didn't go down too well with the bundesbank. we had a member of the board yesterday at the conference directly contradicting him. there is a new argument on the horizon, more about who has to say something about the new architecture we're heading towards. speaking about the banking conference, yesterday, i had the chance to catch up with one of the biggest banks in europe and, of coursing had to ask about the spanish economy because they recently said that they're already seeing a bottoming out of the recession in spain. take a listen what he had to say as well on the banking industry. >> one year ago, many, many investors bet against the euro. i said publicly no. don't bet against the euro. now europe is perceived more -- more secure, more safer. europe is there forever. not for a couple of months. >> do you feel as well when you speak with investors, are they, again, willing to put the money into spain? >> they're doing so. now the russian investors have c

and miracle bank for example you said development bank in russia very successful showing example for how you can really grow the infrastructure and grow the elements but have a developmental base the question is still open about development being for you know g. twenty how will it work is it to many countries working together to me process very easy and how decisions have been made so i think there will be discussions during various meetings that will address some of those issues and what are the main issues that we think location and he's going to be in charge of providing all of that you see to be defined as well as are maneesha so for example there is already a world bank and i.m.f. and budget was institutions so how's that going to be separate there is a question of how decisions are going to be made there is a question for is this bank is going to be focused its efforts is it equally on the list of twenty countries or the emerging markets so there are many issues that i think that's going to be discussed which we believe is actually a less complex way or for dress and some of th

banks were failing by thousands. federal reserve, created to prevent suca tragedy, only made things worse. what had gone wrong? 1951, during the korean conflict, president truman also faced another battle, between the federal reserve and the treasu, over financing the war. how would it be resolved? 1965, lyndon johnson's administration was spending on both a war and a greasociety 1965, lyndon johnson's admiwithout raising taxes.g the fed was left to fight e resulting inflation alone. the nation's central bank, originally created to protect the banking system against panics, acquired more power to affect the economy than even it imagined at theutset. the federal reserve: does money matter? with the help of economic analyst richard gill, we'll explore that question on economics usa. i'm david schoumacher. coins, bills, checks-- our basic money supply. the amount of money and where it goes wiin the banking sysm has en the main concern of our nation's central ba. at t fed's heauarters here in washington, dc, closedeliber

evidence than now that citibank deutsche bank goldman j.p. morgan the whole lot of them commit strong hourly mini bind minit and yet as simultaneously we never had a weaker justice department never that we had such a limp we need justice department anthony wiener you should run the just department he's got the right equipment to run that the farm and he's all limp about it he can't do a single gosh darn thing. that's a it's a good it's a match made in heaven so let's talk about this banging the clothes in the global four x. mark it happens via london of course but here's bloomberg data they looked at the data and this is what they say found in the space of twenty minutes on the last friday in june the value of the u.s. dollar jumped point five percent against its canadian counterpart the biggest move in a month within an hour two thirds of a gain had melted away the same pattern a sudden surge of minutes before four pm in london on the last trading day of the month followed by a quick reversal occurred thirty one percent of the time across fo

>>> and banking on seize. want to bank the old fashioned way with a tell. may cost you. we have that and more tonight on "nightly business report" for tuesday, september 3rd. >>> good evening and welcome everyone. i'm susie gharib. great to have you on the show, sue. >> great to be with you susie. i'm sue herrera in for tyler mathisen. he's on vacation. the long holiday weekend is over and back to work on wall street for what promises to be a september to remember. traders are preparing for a possible tapering of stimulus funds, a battle over the debt ceiling and a search for the new chairman and of course the crisis in syria. today, traders were able to put that aside sending stocks higher focussing on corporate acquisitions and manufacturing and construction spending data. a triple gain in the doe fell after support for president's plans for a military strike against syria sending a chill down the concrete canyons of lower manhattan. on the end the lower averages held on somewhat with the dow up and the nasdaq up 22 and the s&p added six. >>> the debate whether the u.s

bail out those banks. the banks that got us into the mess in the first place. sabre rattling from more oversight of the financial industry spread. >> the problem here was not deregulation but nonregulation. >> reporter: and regulate, they did. thousands of pages of new rules in the form of the dodd/frank wall street reform and consumer protection act. the bill proposed 398 new rules for banks, credit card companies and other financial institutions. but more than three years later, only w40% of those proposals hae gone into effect. and not a single senior executive from any wall street bank faced criminal charges. sure, there have been billions paid in fines, a new consumer watchdog, higher requirements on the banks. >> a lot of incentives that were baked into our system going into 2008 unfortunately still there. so i think we're still in a very dangerous place. >> reporter: five years after panic took hold, is your money any safer? we're going to answer that question. ken rogoff. five years ago this week lehman failed. about six weeks or two months before that

we'r--for banks. banks are discouraged from providing mortgage debt comparable to what they did prior to the financial crisis. as a result despite these efforts by the federal reserve as i said earlier by fiscal policy, we find that the u.s. economy limps along. there are structural problems with the u.s. economy, the u.s. labor market that became apparent. not for the recession but rather during the recovery. until the structural problems are efficiently resolved this is going to remain the worse economic recovery since the second world war. >> at what point do you pull the trigger? we'll continue this conversation coming up. also when we return we'll talk about the federal reserve and the role it plays in righting the economy. stay with us. on august 20th, al jazeera america introduced a new voice in journalism. >> good evening everyone, welcome to al jazeera. >> usa today says: >> ...writes the columbia journalism review. and the daily beast says: >> quality journalists once again on the air is a b

banks wouldn't lend to other banks let alone to companies or individuals. the global flow of credit came to a virtual standstill, that meant laying people off. folks who lost jobs couldn't make their mortgage payments, the pain spread beyond america's shores, triggering a near global collapse, people lost their homes their savings and their incomes. things are getting better, millions are still unemployed but stocks have come back for those who had the stomach to stay invested. and to make sure this never happens again, we have to make sure we never forget how bad it got. five years ago this month, america and the world marched to the edge of the economic abyss. on september 7th, 2008, warning sirens sounded when the government took over fannie mae and freddie mac. mortgage titans were facing big bets on the housing crisis. one week later september 14th lehman brothers collapsed triggering a global freeze on credit followed by a government takeover of aig. literally overnight the recession became a global crisis. >> this is what brought us to the brink of c

secondly, the banks do we have talked about and third, the bank as well. certain countries like switzerland or luxenberg become more important in those kinds of alliances. it's less about nato and more about the banking centers. so i think one of the successes of this period, and it is a constant challenge, is having a banking center in line with u.s. policies. a lot of this credit goes to treasury officials like john taylor and others who are involved in this, trying to ensure that the major economies were adopting the same standards and were implying that as we started to isolate iran and north korea and others. i think that has gone relatively well. where you have some friction and it's worth watching on the tax side. and i think some tax treaties, the treatment of some tax transparency has always been a point of friction among banking centers. that is one that i think that the u.s. is trying to deal with quite aggressively and one that will continue to present some challenges between the traditional banking centers. >> yes? >> hello, i am with human ri

>> afternoon commissioners for the bank ofhe west and we have bank of the west representatives as well as the sign designer. >> if you want to make any overall comments the commissioners may or may not have questions for you but if you want to talk about the project you have a couple of minutes. >> i'll briefly reiterate the information we submitted to you in the package that was captured by the planner. we've sightly reduced the size of the signs. the size now and as originally proposed is smaller. the lettering is white and so the illumination is minimal. the bank has worked with the neighborhood groups and agreed to reduce the size to address their concerns. this location is unique as you may see from our presentation. it's actually at the intersection of 3 streets noah, market and 16th. so in effect has 3 frontage ages. the bank is asking for a smaller sign over the entrance and it's an exposure point for them on market and 16th >> okay. >> thank you. >> thank you. we'll open up to the public i have one speaker card (calling names) >> thank you could you use the projector also? tha

tool in bank vaults to the point where the banks are actually having to do you vote you storage capacity to store the gold which there are plants want to hold and most people realize that sooner or later the dollars demise is inevitable but because it's world's reserve currency it's going to last less currency i think to sink or let's move on to greece for a second a perth agrees on the verge of requiring another very significant bell out should the greeks explain act to be cyprus this time in other words will it be a bell and this time will it be confiscation from bank accounts this time davis went. well i think the answer is that definitely yes. you look at merkel's position on this and it mission recently by sharply only strewn over dylan there are those great result. in germany about this which has political consequences but if you if you look at the solutions greece will never ever be able to generate enough tax revenues to pay off debts is doing quite a lot to sell off assets to basically they're being assets triggered by the chinese and multinational companies etc. but if there's

rest rest assured the wealth and powerful are still in bank vaults to the point where the banks are actually having to do you vote you storage capacity to store the gold which there are plants want to hold and most people realize that sooner or later the dollars demise is inevitable but because it's once was a currency it's going to last less currency i think to sink i let's move on to greece for a second a perth agrees is on the verge of requiring another very significant belle out should a greek extract to be cyprus this time in other words will it be a bell and this time will it be confiscation from bank accounts this time david smith. well i think the answer is definitely yes if you look at merkel's position on this and it most recently but shortly only strewn over dylan there are those great results. in germany about this which has political consequences but as you if you look at the solutions greece will never ever be able to generate enough tax revenues to pay off debts it's doing quite a lot to sell off assets to basically the united striker to buy the chinese and multinational compa

on every issue where there was a dispute between smaller banks and big banks, the smaller banks one. -- won. we changed to assessment. cfp be.l banks get the we increase the deposit insurance from 100 to $250. i know people have concern about weakness in general, but i am not persuaded the size of the banks alone is the problem. >> i agree with barney. my focus right now is on other issues. that is not to say there are not issues with the banks. the bigger and more complicated the organization is, the harder it is to run. but i take the view there has been so much focus on this that the ultimate defenses capital and the quiddity, and i am all new federal's. i think that is a good starting point. incorporates that come or requires the largest institutions have that. -- dodd-frank. i am trying to call attention to shadow banking, fannie and freddie. there is so much more -- >> no one has told me, and i have asked them, how big should they be? if you worry about too big to fail, lehman brothers was the cause of the problem. what is the size about which they become -- >> an interconnecte

banking system the banking system are at banking system writ large into a saw that we are playing for keeps with respect to financial warfare. those are a couple of samples where we want to ratchet up the dial we probably could. >> with that i know there are a few in the audience who are perhaps even in the book who want to call him out on what he got wrong. i think we have a couple of microphones wandering around. does anyone have a question? if not we will keep going up here. yes sir and if you don't mind waiting for the microphone. and introduce yourself if you would. >> my name is frank bruen and i'm a private investor so you are effectively the tale that is wagging my dog so i would like to tell you a little bit of a the story and ask you a couple of questions. my -- i was in markets very heavily and deeply for 25 years before the crisis began. i went through those markets with the crisis and felt indirectly between the third and fourth layers effectively in many things you are talking about. most of us could not figure out was going on but we knew something was going on. usually

of one hundred billion dollars the brics bank is set to rival the world bank in the i that china will contribute forty one billion dollars with russia india and brazil eighteen billion dollars and something. five billion the russian president uses states to explain why the bank is necessary. we hope this bank will increase the stability of the global economic system which unfortunately is not always predictable and depends on a few financial centers and reserve currencies. i call it south way that carol to me chad he's the c.e.o. of ross's direct investment fund so like all his ideas so what he felt about the new break development bank in the complex it says that it may have very different models there is a model of different countries having different developmental banks and the other kind of thing for example is said development bank in russia very successful showing example for how you can really grow the infrastructure and grow the elements but have a developmental base the question is still open about development bank for you know g. twenty how bulletin board is it to many countr

of citi bank c.e.o. of chase j.p. morgan city the bank of america c.e.o. they were having secret meetings to decide us. economic policy and foreign policy really serious stuff basically this was the the conspiracy nuts fantasy you know you have the bankers secretly meeting with treasury officials designing the details of banking regulation policies it's as if the bob got together with the police chief is like a bad scene on the godfather so i disclose this and of course i had to do quite a bit of work to make sure it was real one is that it actually the memo to summer saying remember call the boys the memo to summers actually have the private phone numbers of the five big c.e.o.'s and so i called one of the c.e.o.'s private numbers and sure enough no secretary nothing straight to the man i had to wonder b.b.c. rules say who i was and when he found i wasn't larry larry summers click and all the other numbers were changed but i travel all over the world confirming this memo to geneva to ecuador and darkest new york as well. this is part and parcel of the pat

morgan chase lost at the six billion dollars on credit default swaps which the bank tried to cover up there's also been accusations of improper and if you try to report the bank children of chinese officials to help with business on several cases of misleading customers on identity theft products and mortgages as well all together these legal disputes will cost the bank just on the. seven billion dollars a teeny tiny paid out for a bank with assets of two point four trillion dollars so now i'm joined by patchett young from t.v. advisors say padgett tell me have the lessons been lance fundamentally when it comes to limits i think we can safely say that nobody's learned any lessons from this escapade whatsoever government overall has simply missed the object they've ended up actually in the back pockets of the banks fundamentally the banks themselves haven't realised the fact that they have to change indeed if we're going to look at this from a big picture in history standpoint the thing that the collapse of lehman smart is the absolute peak of banker power from now on it's the power of

banks in the twenty largest non us banks will give you specifics because that might help you to help they want to keep it as opaque as possible but we're able to decipher that and look at the changes as recently as may the four u.s. banks were net short gold futures as they always have been but by the report in our guest they've gone from seventeen thousand contracts sure net short to sixty thousand net long and we can look at the other banks but i think the main one the big hole is these guys right here they've flipped they have used it maybe they've even caused this whole town or intuitive market move from one thousand nine hundred back in november down to twelve hundred in june maybe utilizing that time period that right sweetness to get out of that short position flip it along they made probably about two billion dollars it's a nice building they have here morning. and now they've gone to where they're obviously net loss and by the data and look people are trying to say that prices are going lower don't believe it's hard to lower the cost of production for the miners so they were

and the ugly we've also covered the good so over gold and bitcoin the global insurrection against banks to rock your patient aka jumbo move your money and campaign will pay and the most interesting guest of all financial media mainstream or alternative and the best audience for sure that's you right stacy yes max and of course five hundred episodes of the kaiser report we have an audience out there including a look say t c h q or n.s.a. they've been forced out of the dark by edward snowden and they after only a little bit. that only people who put it that the time clearly here. there we go we started the show in november of two thousand and nine four years later we're at the five hundredth episode and you know i'm going to go over some of the topics the things that we've seen over these years and where we have arrived after four years of this show now the most remarkable is the aftermath of the financial crisis and one graph you see the blue line is financial profits are up fifty nine percent since the beginning of the financial crisis the red is corporate profits up forty two percent g

so the f h f a said the bank j.p. morgan falsely claimed that loans back in thirty three billion dollars of mortgage backed securities complied with underwriting guidelines and that it significantly overstated the ability of the borrowers to repay their mortgage loans of course cries report cover this years ago where at the time to mark was saying that that they were only putting aside reserves of one billion dollars for these put back claims from the f.h. f.a.a. and terry buell our guests said that they would be closer to nine billion dollars here we have six billion dollars j.p. morgan itself is refusing to pay this so it will still be in billions so they have to pay well it could be one billion it could be ten billion it could be one hundred billion it could be a trillion it doesn't matter because they just go over to the fed they print more money and then they will of course debase the currency and to keep the currency from inflating too badly they'll start a war and have a lot of service by going to kill that's t

banks and smaller banks more functional in this process. about bringing in some of the capital requirements. we have also got to recognize, there are banks that exist that don't pay their ceos exorbitant pay. there are banks that exist that actually do meet decent capital requirements. but our government right now is biased on the side of the very big banks. we need to shift that bias. not even to twin to solbegin to things that you're bringing up, but safety of the economy. >> and let me just do -- i'll -- credit unions are part of this story. >> exactly. >> william cohen and josh bar w barrow, thanks so much. up next, why pope francis may be the coolest catholic leader we've ever seen. ♪ no two people have the same financial goals. pnc investments works with you to understand yours and helps plan for your retirement. talk to a pnc investments financial advisor today. ♪ bjorn earns unlimited rewards for his small business. take these bags to room 12 please. [ garth ] bjorn's small business earns double miles on every purchase every day. pr

when banks are on the rise banks can start charging more for the money they lend out.tight with record low rates. both higher rates could discourage more borrowing and leave high le leveraged businesses nomble to liquidity images. and don't forget the giant securities portfolios that many banks hold in the form of mortgage-backed securities u.s. treasuries and any other sovereign debt that moves in sync with markets. any outflows could mean bank profits and affect their capital ratios. geography could make a difference on how banks will be impacted. here in asia where economies are relatively strong, the first year of a rising rate environment could be a sweet spot for environments. and hong kong banks could be in the same boat. >> because the hong kong banks are -- the interest rate regime here is tight because of the currency peg, i think the hong kong banks stand to gain the most. >> mainland lenders are more isolated from the world as beijing maintain aes tight grip on interest rates. in japan, banks might benefit from extended growth but margins may not get much u

did lee burst into a barclays bank branch with a makeshift flame thrower and threaten to burn the bank down to the ground after they have refused him an overdraft i don't see the problem with this after all it worked for wall street didn't it the so-called credit crunch was effectively wall street being denied an overdraft and what did they do in response they sent former goldman sachs c.e.o. hank paulson to congress with a flame thrower and threatening to burn the place down in the us they extended wall street trillions in new untraceable credit and last week ben bernanke you promised to extend their over jeff by eighty five billion per month so what's wrong with a little bit of trickle down flame throwing stacy max i don't see the problem here why was this tape don't tase me bro yeah why was he j z just doing what the other guys are doing the problem is on wall street they have a saying go big or stay home you should have gone into the bank with a flame thrower asking for an overdraft extension you should've gone into the bank asking to have the bank given to him as a present for bei

the bank. as well as monitor a protest that was going on outside. where there was over 50 participants in the protest. a career criminal by the name of joseph hike, chose this day to commit a robbery. mr. hike has been arrested 21 sometime -- 21 times in the city of san francisco. mr. hike produced a handgun to a teller face and ordered her to put all the money in the paper bag as he held a gun to her face. officer simmons was inside the bank at which time he observed there was a robbery in process inside of the bank. officer simmons immediately notified communications and called for back-up. knowing that he was inside of the bank, officer simmons turned off his radio not to alert the suspect and knowing that dispatch acknowledged that he needed emergency assistance. officer simmons then developed a plan on how he would get closer to the suspect who was committing the robbery. officer simmons took up several different positions of concealment as he crept closer and closer to the bank robbery su

the federal reserve bank expanded by trillions of dollars same thing bank of england around the world are we at the end of that recessionary period is the housing market rolling over is the stock mark. rolling over are we going to go back to this primary bear market that started really if you two thousand two thousand and six i think it's impossible to say i think we'll only know that we've reached the end after we've reached the end because we'll continue to print money don't continue to dress up the balance sheets of the banks like j.p. morgan and citi group this should be part insolvent. i don't know i wish i could tell you the mark to market yeah the hallway if you did that hard to bark yeah yeah there are books and assets on their books but yet in the mall up based on today's current market price is the banks solvent from what i understand no because fast he went in and changed the rules under political pressure and fast maybe a financial accounting standards board which allowed banks like j.p. morgan more to maturity instead the bonds in the studios and things like that from two