bank of america brian moynihan sucks brian moynihan blows dot com to avoid a public relations problem and also of course in this propaganda war you want to cover up your crimes of financial terrorism as best you can and the people on the internet who sussed this stuff out quick you try to divert attention from them because god forbid bank of america should be transparent or obey the law in any way shape or form no no no they want to blow themselves up and everyone around them because brian moynihan socks dot com what else again but. now brian my dad is still there. their share price though and down below six touch five dollars recently so that's a form of propaganda using u r l's or domain names or the absence of all those who want to express their dissenting opinion to acquire domain names and as a result those who still own bank of america stock got absolutely sure lacked we told you the truth we could've hoped to avoid a major beating yes and that's probably a theme we're still going to see going forward in two thousand and twelve max because the same guys are still their sharehold

course that's going to avoid talking about inequality at davos and not actually the person of brian moynihan in that panel that defended capitalism against and you know the reports basically people were not too on board with her assessment so i think that that kind of says it all you know while occupy davos is here and occupy has been named as an example on the agenda of some of the issues that have arisen from capitalism and the complaints of people have about it at the same time that you have them talking about occupy davos you know i hear businesspeople snickering when i say oh i'm going to check out the igloos and they say oh haha not too many people out there you know you get a very condescending attitude which i think speaks volumes when you're talking about these issues so maybe the concern is more out of a hey don't blame us just because we have. another show i want to bring up and in this day and age we see economic high level economic summits almost every single week especially when it comes to europe so that begs the question of whether davos are still relevant whether they can im

member of bank of america he was very paranoid about people buying brian moynihan sachs brian moynihan a douche you know brian moen and steals everybody's money dot com www dot net dot org and so he bought all those out hoping that this would stop the hordes from chasing him down like a dog and beating him but. good luck with that they call private equity but of course the history of so-called private equity goes back to the one nine hundred eighty s. and michael milken and leveraged buyouts and the corporate raiders of that time ivan boesky dennis levine and they had to rebrand themselves in this new era as friendly private equity but they're just asset stripping. whores like mitt romney over there brain capital or steve schwarzman at blackstone they're just asset stripping whores they add no value to a matter of fact the people who participate these guys in their deals they lose money compared to the market averages overall they're all losers stephen schwarzman has said recently that he was quote concerned about politically motivated attacks on private equity if mitt romney founder o

there's the debate on capitalism that's being had there plenty people have but i want to ask brian moynihan more about that i did approach him for an interview i did i was able to grab him but his handler quickly was like no way well people always want a way up but down the way his credit for socialism that's that's that's your social lauren before you go out officially in our herd you tweeted oh so kind of got a picture of you climbing out of a of an occupy igloo this is like one of your tricks for getting you know getting getting interviews like what are the tricks the true over there you care a lot of cinema. i don't think that it was going to help me get interviews with morning to hanoi or any other people that turned me down in there but i do have news for you because you say people want socialism on the way down and i think that people think that is what this occupy movement it capsulated and i want to tell you what discussion i had with the occupy protester out there at the igloos who in fact is an american ex-pat dimitri guess what his concern was one that he's really been studying

what i did think was really interesting was that it of course found a very fitting defender and brian moynihan the c.e.o. of bank of america there were some tough comments about capitalism or some concerns about capitalism from people like david rubenstein the c.e.o. and founder of the private equity group the carlyle group who we know because we've talked about that investment he made the washington monument to fix the cracks but he was criticizing capitalism some others were too and brian moynihan was saying ok hey policymakers don't go too far though you know banks really have reined it in and you know western capitalism is all about boom and bust that's part of the deal when come on that's not the only deal dimitri you and i talk about every day on this show and i just heard yesterday in that great interview you did with addison wiggin him saying we're in year three of what he predicts is seven to ten years of people being worried just about the return of capital not the return on capital and how difficult that's making things and that is the consequence of this consequence of this credit

are plenty of people who defend the current system of capitalism which they have benefited from brian moynihan the c.e.o. of bank america of america is one who was saying you know the western capitalism is subject to boom and bust this is part of it but come on there are so many people that we talked to an interview on our show that talked about how long and how painful the costs are a vis bust that is it here by accident and has a lot to do with maybe some of the bailouts that his bank has benefited from and the boom years of easy money that they did as well so there obviously are plenty of defenders and we'll have to see if anything really comes out of that conversation i've seen some reports of billionaires defending are concerned about inequality and having concerns about capitalism in that regard we'll have to see if it just amounts to some talk because i'm seeing a lot of little business action go along on the sidelines which looks like what davos is really about well or you mentioned the issue of inequality and i want to point out the fact that the world economic forum's own report actu

really what i'm seeing is the sidelines and the people that i'm talking to joseph stiglitz and brian moynihan and then a some of these guys most down to me the guys i'm talking to are the business leaders i spoke to a governor today i spoke to a couple of people that are our diplomats from from britain and for all of them the benefit today is the business deals are the meeting is the networking some of them you know day two of davos and they hadn't been to a single session so for a lot of these people it is business and that's really the agenda also everyone kind of has an agenda even from the big wigs that are speaking whether it's investors or c.e.o.'s they have a reason for you know bill gates there's a press conference but it's to announce the money he's giving to aides george soros talks to the press has a prince lunch he has a new book out he's very much pushing that with the same kind of rhetoric that he's writing in the financial times and saying to everybody at the forum so every guy has an agenda live or a lord of the we also here you people are on twitter are saying about davos let

four hundred thirty nine u r l's like bank of america sucks dot com bank of america blows that brian moynihan sucks dot com and blows dot com in order to avoid any activists or global insurrection against banker occupation targeted man on line here's your response to that so let me get this straight the bank of america to avoid a public relations problem when out of the.

are plenty of people who defend the current system of capitalism which they have benefited from brian moynihan the c.e.o. of bank of america of america is one who was saying you know the western capitalism is subject to boom and bust this is part of it but come on there are so many people that we talk to and interview on our show that talk about how long and how painful the costs are a vis bust that is it here by accident and has a lot to do with maybe some of the bad.

yeah i bet you will jamie dimon i'm sure you're happy to leave that up to the fed brian moynihan too he's c.e.o. of bank of america said boom and bust cycles are just part of the capitalist system this is just what we have to deal with meanwhile there continue to be protests on the streets over the issues we've seen a number of developments with the occupy movement just over the weekend in oakland here in d.c. so where is the political awareness or the will to do something about this well let's go back a little into history today to figure out where this to disconnect is coming from. with. the big group fired by people. oh. i love them now we used to be kings executed bankers when they didn't want to pay their debts the banks suffered losses when march when monarchs died or defaulted now we have that in reverse and our western democracies we have governments taking on bad bank loans and banks cashing out on profits while the governments are sentenced to death with some risk of default well let's talk to michael hudson he's professor of economics at the university of missouri kansas c

which is a major concern for you and for people that aren't the speculators the jamie diamond the brian moynihan those guys that are here at davos as far as the reaction to the fed i think that we probably saw some from people that were asked in interviews about that that maybe we're doing press but as far as it being an important part of this forum i think very surprised at the lack or maybe i shouldn't say surprised i guess it's not surprising among this crowd that you wouldn't see it but there is a lack of attention to central banks in general criticism of central bank policy evaluating central bank policy of valuing the role of central banks that's just not on the agenda there is one session i saw tomorrow on the prognosis for currencies for the dollar the euro and the you won which you know obviously the central banks play a large role in currencies but there's not a serious discussion about central banks or about the currency wars we see as a result of central bank policy and printing so that's kind the biggest takeaway for me interesting why i know that you know a few chinese business the

punctuate that in a debate over capitalism earlier today you had not surprisingly someone like brian moynihan the c.e.o. of bank of america defending this system and saying defending the banks defending the role that they played or are just that it's been the victim of the economy they were in so you know it only goes so far alone but you also have to wonder too if it's the question of inequality is now being raised because that could threaten some of the positions that these people are in in the kind of unrest that it's led to that we've seen it lead to and places maybe that we've seen some of these arab spring countries and uprisings and now that we're seeing with some of the occupy movements so that is when it becomes a concern for some of the one percent i think we i know that some occupiers made it all the way out there to davos to even hear the occupy davos build iglu is you get a chance to go check it out and talk to some of them. oh no i have been in an igloo they actually build igloos so for what they lack in numbers they're certainly making up for and perseverance because they're sl

brian moynihan who we talked about well he's getting two point two six million despite his shares falling by sixty percent j.p. morgan chase c.e.o. jamie dimon will earn forty one point nine million though his shares are down twenty three percent then well if you take barack out it to gadhafi out you take the syrian guy out and you have all the business yourself accordingly and people don't take them on because they don't want to end up like the duffy well jamie diamond did a good duffy press reports have suggested that compensation pools at seven of the biggest u.s. banks will total about one hundred fifty six billion dollars this year including salaries benefits and bonus which would be three point seven percent higher than last year's record breaking number so as you see the economy continues to fall fall fall fall and the paranormal that bill gross says it's like paranormal that the bankers can continue to make money no matter what the market up down disaster has collapsed surging no matter what they continue to make more money but it's not paranormal and bill gross for resorting to s