economy and banking system they should've said lloyd blankfein jamie diamond all you other sh'ma gagne's you have abandoned ship get off on in charge right it had ben bernanke you better in charge of rescuing the cruise ship this solution would have been to take a boat out of the ship with a crowbar and make the hole in the boat and all the problems bigger that's the central bank solution to the global economic crisis is to make the whole bigger with artificially low interest rates this is what's making the situation even worse and of course in europe we find out they're going to expand the european central banks quite alive by a trillion euro that's the exact opposite of what is required to bring some of this accountability that you're talking about the maritime law stepped in people are drowning. they're obviously dying so maritime law came in and said ok we have to impose the law now in the global economy people are dying from the derivatives that are being created that are making the top one tenth of one tenth percent fabulously rich and everyone else is choking on their own fiscal g

going wrong three years we knew there was something wrong and what did jamie diamond would to lloyd blankfein what did they say nothing's wrong you know just carry on they're telling the regulators oh nothing to see here people are dropping off drowning in a sea of derivatives and they're doing nothing about it so this guy abandon ship and he jumps in the life boat trips into the life boat people are dead i would imagine his next job will be skippering an oil tanker for exxon he'll probably be skippering some huge oil tanker and they can run aground on puget sound that'll be his next job because as price on the open skipper market just went down ok so let's go back to the story here because when captain schettino told the coast guard told the people who are regulating the law of the sea when he told them it was just a technical error but in fact was using that time to get into a lifeboat and escape well once the coast guard found out why did they. you know provide him with more liquidity and more coverage know the guy the captain of the coast guard captain gregorio default shouted at him you

s of banks there's no female equivalent of jamie diamond or lloyd blankfein if they're using p.m.s. as a defense to get themselves off for crimes they can get themselves off for financial crimes using the p.m.s. defense why is it only the big the hottest offense get off why can't the p.m.s. defense get off like a hillary clinton for example if she ran a bank you could say well maybe not so much anymore but you know well you have to be a big hony to get away with this though is this defense only works for certain class of people now in the next headline we have a woman why was the wife a switzerland central banker trading franks days before a devaluation so this is from bruce crafting a hedge fund former hedge fund manager and he's noting that cassia the wife of philip hilda brown the head of the swiss national bank. sold swiss francs just a few days before the swiss national bank initiated exchange controls and devalued the franc the timing of the transactions was nearly perfect the suggestion is that pillow talk between husband and wife led to the trades now however max he says don

lifeboat and that's the reason why he abandoned ship that sounds exactly like the excuses that lloyd blankfein and jamie dimon gave to congress i tripped and fell into tarp that well the algae would be the one that they always years is the market did it this guy saying he tripped into the lifeboat and sell the way lloyd blankfein and jamie diamond are saying well the market accidentally made me a billionaire i don't know how. it's good to have you with us here today russia has announced plans to build a manned research colonies on the moon the country's space agency is viewing partnership with nasa and their counterparts in the e.u. it's put men back on the lunar surface permanently all of a explains how scientists hope exploring the moon will help us better understand the nature of life back here on our planet. ross cosmos want to send first off to unmanned probes to the surface of our nearest celeste steele neighbor and take samples bring them back to earth so they can be studied and analyzed with the hope eventually that we can set up a permanent base on the move now this all sounds very sc

years is the market did it this guy saying he tripped into the lifeboat and so all the way lloyd blankfein and jamie diamond are saying well the market accidentally made me a billionaire i don't know if that. r.t. is coming to you live from moscow now russia has announced plans to build manned research colonies on the moon the country's space agency is viewing possible partnerships with nasa and the e.u. counterparts to put the men back on the lunar surface permanently he's pretty relevant now explains how scientists hope that exploring the moon will help us better understand the nature of life back on our very own planet. because most want to send first off to unmanned probes to the surface of our nearest celeste steele neighbor and take samples bring them back to earth so they can be studied and analyzed with the hope eventually that we can set up a permanent base on the move now this all sounds very science fiction but it could very soon be science fact a moon base has been said that it could very well be a very good place to to launch spacecraft from could also be a very good place to

has used in testimony to congress lloyd blankfein stood in front of congress and said the proof that i did not commit fraud is that goldman sachs lost money on mortgage backed securities but as this is showing was he making a huge amount more and as nomi prins has said he probably did or goldman sachs probably did on the other side right they say we lost ten bucks here. they don't tell you they made a hundred bucks here on the same trade conversed liam the same kind of thing is that geithner of those folks will say the taxpayer made money on tarp they made money on the bailout been made money on general motors without disclosing in fact on the fed's balance sheet elsewhere they actually lost ten times more than they put in so it's another form of deception and she finally ends max the m.f. global debacle and the price action of precious metals especially around options expiration dates show how lost our regulators are and how mistaken their overseers in washington remain so let's talk about some more precious metals manipulation here overnight long intraday short gold fund more than

little dance and see who is better i think james got some nice chicks when you compare it to lloyd blankfein is kind of out of shape but you know jamie jamie is constantly out running the pitchforks and torches so he's got nice legs well investment bankers like lap dancers should have to pay to go to work if investment banks held auctions in which prospective employees bid for jobs by offering an annual fee the bank's owners and all of those others who nowadays concern themselves with the issue could be confident that they are not overpaying their staff any excess pay would be competed away in the auction auction is capitalism we don't have capitalism you know thanks to the predatory behavior on wall street and the city of london no more bear stearns no more lehman brothers the competition is shrinking the too big to fail problem is growing the agency fraud as bill black calls it is increasing well between these two headlines max i haven't told you this yet but i did put out word to the primate community basically looking for somebody to audition to be our fund manager and i've got this vide

is is the market did it this guy saying he tripped into the lifeboat and so all the way and lloyd blankfein and jamie diamond are saying well the market accidently made me a billionaire i don't know if that up or. the u.s. congress has yielded to massive online pressure temporarily shelving to controversial anti-piracy bills is follow some of the largest ever hacker attacks on america's top government and entertainment industry websites and a mass internet blackout in protest supporters of the laws claim it will help protect copyright online but internet giants google and wikipedia say it will halt the free flow of information lawmakers stressed that although it's delayed the initiative could be revived trevor tim from the electronic frontier foundation says the laws were not just aimed at fighting piracy. unfortunately the provisions were written so broadly that they would probably end up censoring millions of innocent users who never even thought about copyright infringement and the worst part was it wasn't even a stop on mind piracy. you know the bills didn't go directly after the owners

lifeboat and that's the reason why he abandon ship that sounds exactly like the excuses that lloyd blankfein and jamie diamond gave to congress i tripped and fell into tarp but that was the algae would be the one that they always is is the market did it this guy saying he tripped into the lifeboat and sell the way lloyd blankfein and jamie diamond are saying well the market accidentally made me a billionaire i don't know how. the u.s. congress has yielded some massive online pressure temporarily shouldering to controversial anti-piracy bills his followers some of the largest ever hacker attacks on america's top government and entertainment industry websites and a mass internet blackout and protests supporters of the laws claim it will help protect copyright online but internet giants google and wikipedia say it will halt the free flow of information lawmakers stressed that although wants to leave the initiative could be revived trevor tim from the electronic frontier foundation says the laws were not just aimed at fighting piracy. unfortunately the provisions were written so probably that th

fifty million dollars compensation for the air bob iger are is to do a copyright terrorism what blankfein and diamond are to financial terrorism and disney of course is the company that every single time mickey mouse is due to enter the public domain they lobby congress to extend copyright most famously with bondo bono bonnie bono bono cher's ex husband who got extended by another twenty years to create what lawrence lessig calls perpetual copyright and gives them cooked a crowd of power. ours to do is actually this a that we know we're violating copyright law but we don't care because we have the power to tell you to go buzz off at the same time we're going to use it to deprive you of your constitutional right to fair use this is at the nexus of the copyright problem the soap of the people that i go are copyright terrorist disney is a shameless organization that really needs to be broken up as well as these big banks so stephen morris the drummer from joy division said i was quite angry when i first saw it no one asked us they were trading off the band and our album cover but get away wi