luis ramos/fiscalía, cdo. de santa clara 42:00 pensamos que es muy común aunque no hemos tenido muchos la gente no reporta mucho tiempo porque pienso que después de que pierden su dinero, hay un fraude tienen mucha verguenza .. la fiscala agrega que s han enjuiciado a ms de una docena de psquicos en los ltimos aÑos y hasta han enviado a algunos a la crcel.. s.o.t. 2:16:00 les han robado dinero a las personas de 4 mil dólares hasta más de $600 mil dólares.. asi como escuch, ms de $600 mil dlares robados en un caso.. la fiscala dice que los supuestos adivinos atemorizan a sus vctimas diciendoles que la maldicin no va a desaparecer.. pero lo que s desaparece es su dinero.. s.o.t. 2:38:00 pensamos que esto afecta a todas la étnias, pero sí hemos tenido muchas personas hispanas que han perdido dinero.. la fiscalia dice que no se mete en el asunto de si se debe o no ser supersticioso, pero s ofrece una recomendacin.. s.o.t. 3:27:00 la recomendación es que si uno tiene problemas financieros, o si tiene problemas en la casa o en su trabajo, que hablen mejor con sus amigos o su familia, porque

luis ramos/fiscalía, cdo. de santa clara 42:00 pensamos que es muy común aunque no hemos tenido muchose la gente no reporta mucho tiempo porque pienso que después de que pierden su dinero, hay un fraude tienen mucha verguenza .. la fiscala agrega que s han enjuiciado a ms de una docena de psquicos en los ltimos aÑos y hasta han enviado a algunos a la crcel.. s.o.t. 2:16:00 les han robado dinero a las personas de 4 mil dólares hasta más de $600 mil dólares.. asi como escuch, ms de $600 mil dlares robados en un caso.. la fiscala dice que los supuestos adivinos atemorizan a sus vctimas diciendoles que la maldicin no va a desaparecer.. pero lo que s desaparece es su dinero.. s.o.t. 2:38:00 pensamos que esto afecta a todas la étnias, pero sí hemos tenido muchas personas hispanas que han perdido dinero.. la fiscalia dice que no se mete en el asunto de si se debe o no ser supersticioso, pero s ofrece una recomendacin.. s.o.t. 3:27:00 la recomendación es que si uno tiene problemas financieros, o si tiene problemas en la casa o en su trabajo, que hablen mejor con sus amigos o su familia, porque

opportunities for underprivileged and up -- underrepresented membership in the unions, working with cdo's to identify candidates for those apprenticeship programs. on apprenticeships in general, state law out lines provisions for apprenticeships hours, pay rates, so forth. a threshold here is to have one hour of apprenticeships labor for every five hours of german labor on the project. the apprentices will be graduates of state certified apprenticeship programs that are administered by the trade unions. we plan to come back, as maria mentioned, to the board, to provide quarterly reporting on the apprenticeships and pre- apprenticeship programs and the efforts we have been engaged in and to monitor and report on progress of the contractors, unions, on referring and enlisting apprentices on the project. that concludes my presentation on the pla. we recommended to the board for adoption. happy to answer questions you might have. director ortiz: i am sorry i was done here the lost time, but you discussed it in october. i have a couple of questions. director reiskin mentioned something. report

the likes of mf flobal, as well as other financial institutions that might have bet on the debt or cdo's. unless there is a clear plan and an end game in sight, it is difficult for people to ask china to help. >> and do you foresee a clear plan becoming more apparent, especially after this latest crisis? >> i think it is very, very difficult. for example, mf global. there are so many of financial derivatives that are behind the current sovereign debt itself, which are opaque, unknown. in addition, the confidence of the market is something that people looked at seriously as well. so without an indication of where everything goes, by the way i should say, as the hundreds of fund managers will visit china asking for chinese money, they have found out the chinese are quite sophisticated. and they know how the markets work. and it is impossible for them to even look at some way of helping it unless there is an end game in sight. and i personally do not believe that there is an end game in sight within the next three-six months. they will continue to be huge volatility in the market. >> we kno

opportunities for underprivileged and up -- underrepresented membership in the unions, working with cdo's to identify candidates for those apprenticeship programs. on apprenticeships in general, state law out lines provisions for apprenticeships hours, pay rates, so forth. a threshold here is to have one hour of apprenticeships labor for every five hours of german labor on the project. the apprentices will be graduates of state certified apprenticeship programs that are administered by the trade unions.

. >> you can cdo it on your poin r er finger and your thumb. >> i found the cutest office assistant.this one you only have to pay in carrots. >> what you are looking at is a rabbit opening a letter. and you probably think she is kidding but i'm not. >> that's pretty accurate. >> i kid you not. how did they get that rabbit to have precision? >> a rabbit has got be constipated after opening a whole day's mail. because he has eaten the piece of paper. >> there are limits on the amount of mail the rabbit can open. but for the stuff that needs to be opened with precision, the rabbit is what you want to go with. and this assistant you can pet all you want. >> and not get charged with sexual harassment. >> and not get charged. >> and this assistant is made to work in the bedroom. >> how do you learn that your rabbit can do this? do you think that this owner came home one day and found a bunch of mail open and he was like i didn't open this mail and the rabbit said it wasn't me. >> that's why you want this office assistance. it will not look at your personal and confidential information. >>

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cdo we want to sent him into the arena with president obama? >> if you don't know who it is and a lot of these are anonymous, although i guess politico supplied a name. >> he knew about the settlements that were made. he knew at least about one of them. you heard what he said. he was saying how, you know, they knew weeks ahead of time that this story was being worked on. in a situation like that, any sensible politician sits down with his aides and said all right, this could be coming, what's the worst that can happen, how do we plan for it, what do we say, how do we handle this. there was little evidence that any of that happened. that's the sign of a newcomer to presidential politics. >> what would a more seasoned politician say? >> well, the first thing you do is get your story straight, and you -- you develop whatever the facts were, those you can recall and those you can find out by turning to others, and you get the story straight, and then you develop something to stay. there's very little evidence that the cain campaign tried to do any

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children in kansas, it's to do with a bunch of super-powerful bankers that decided to create a bunch of cdos. and you know what they did, and you blame them outright. but blaming people isn't going to work anymore. it has to be resolved. >> president obama says he's going to resolve it by making the greeks suspend their democracy and do what they're told. i thought resolution was the administration of justice by revealing the fact that we have a corrupt global financial system that is eating countries and people. >> sure, but dylan, we are now at the precipice -- >> all right. >> i mean, things like democracy are considered luxuries now. >> so i've noticed. it's a good thing we've got those platinum citizens running the place. >> exactly. >> thank you, martin. >> thank you, dylan. >> the show starts right now. >>> so the big story today, let's fix it. good thursday afternoon to you. i am dylan ratigan and we are seeing an escalating debate and more and more evidence that our political system is broken and we are hearing from many sides that it is time to structurally address the system, not

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anyone that had done a study, from the cdo from the beginning, says that that is a wasteful entitlement program. we can do it cheaper. i do not see the 2012 war 2013 as the serious problem. are we still currently in business as usual? i do not see the political will to tackle these issues. >> you mentioned commissaries. my recommendations, essentially, we eliminate them. again, to get to 400, 450 in cuts, what was mandated by the august part of the debt deal, to get to that level of savings, we need to do the things the eager mentioning. on top of the other things i've mentioned it today, there are not $400 billion in additional waste to just scalpel off. there may be that much waste, but it is marbled into the muscle in such a way that it will take quite a process. you want to cut short-term company to make decisions about capabilities and these benefits and programs that are usually there. i'm not in favor of sequestration. >> there are a lot of the things we have talked about for a very long time i left the cbo in 1983 and i have a sense of deja vu. we did reports on a lot of these s

. >> estoy cdo. !loco que me come ñ=uuÑpçokskrooedt!xpoquito a poco ♪ z@ mq esta negra linda me tiene loco ñ=uuÑpçokskrooe quu me come poquito a poco ♪ ♪♪♪ ♪ estoy cadena humana 9000 de gran tomasa que cuando se ve casa triste me pongo ♪ estoy tan enamorado de mi negro precioso que cuando se va de casa triste çw3tvve#fd&-me pongo ♪ ay ay ay ♪ esta negra linda metÍ en el loco çw3tvve#fd&-que !v xoñ"el+dbe!pdkyo2 me comer poquito a poco ♪esta negra linda me tienes !v xoñ"el+dbe!loco, queme come poquito a poco ♪ ♪♪♪ ♪ estoy tan enamorado z@ mqde mi negra tomasa que cuando se va de casa triste me pongo ♪estoy !v xoñ"el+dbe!pdkyo2oé tan enamorado de mi negra preciosa que cuando se va de casa triste me pongo ♪ ay ay ay ♪ eeta negra linda me tiene loco, que me come poco a poco ♪esta negra linda me tiene loco, quien mqme con el poquo a poco ♪ ♪♪♪♪ z@ mq >>que bÁrbaro! >>lsto para la tercera temporada de 1000 quien baila. !v xoñ"el+db >> asÍ es. y mira quien zapatea. !v xoñ"el+dbe!pdkyo2oé >> nos vemo

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that is what cdo uses when it is scoring things in terms of deficit reduction. that assumes current law continues into the future. that means most items are just allowed to grow with inflation but personnel costs that are linked to a different measure like the employment cost index grow a little faster so you see some real growth there. the purple line is the initial cap. sequestration is the lower line of there. the way the law is written, when sequestrating goes into effect, you take an equal amount, divide up the roughly $500 billion in cuts it mandates of the next nine years. you divided equally, the cuts are apply equally across the years. that is why the budget drops suddenly and then continues relatively flat over the rest of that decade. that means if sequestration actually goes into effect, in 2013, the defense budget would drop to the level was in 2007. when i look at this, it is not the depths of the cuts, it is the abruptness with which they occur. the way the law as currently written, you are not allowed to move moneymoney between years. you can mov

i know sometimes a lot of our members are frustrated trying to get a cdo-squared. i know that there's not a higher priority for you all to do this, but what is really the date you are going to want the material so we can complete the work by the statute? >> as you know, congressman, from your time and energy and commerce committee. there's a process in which ---there's a process in which offers a preliminary versions of idea and off for preliminary feedback. but if this committee and tends to write legislation that would change entitlement programs in specific ways, that process usually takes weeks of drafting to make sure that the letters of the law that you are writing accomplish the policy objectives that you're setting out to accomplish. and as part of that drafting process, ultimately the effects of the letter of the law as it is being written, it will take us at least a few weeks. i have a terrific set of colleagues who are incredibly talent and work incredibly hard, but we need to do our jobs right. and that means not just when i was out of the air. so we sa

night is now the imf which we're responsible for 17% of everything they commit to is going to be a cdo obligation. we're going to spend $200 billion of money we don't have now to try to pull out greece -- our money, our money, that we don't have -- we'll have to go out and borrow, which is just going to complicate things. what we need to do is have real leadership. you were talking about that earlier, but on the things that count. and right now -- the way you get $1 trillion out of the defense department over ten years is $1 billion at a time. and we like backboack backbone, and vision in the congress. >> willie geist here. we talked around this table a couple of weeks ago after the depressing failure of the super committee which a lot of people thought might get something done. about there being a better way. there has to be a better way to get things done in washington. it sounds like from what you're saying the better way would be to get rid of a lot of these people and bring in new blood. what can be done to the system to make it function better than it does for us today? >> well,

we announced cbo to take a look at these -- we asked cdo to take a look at these. it was not the second lowest bidder. just having competition among the managed care plans came out to about $9 billion. adding in the other mechanism to queue up to a total of about $25 billion. it is clear from these numbers that we are going to need to do other things. this is not a panacea according to cbo's numbers for dealing with the medicare challenge. we need to look at other innovative ideas, including some of the things talked about today. thank you, mr. chairman. >> questions have concluded. prior to senator simpson's departure, he did mention mr. bull's might have something to present without objection. i was certainly yield you a couple of minutes if you have something else to present. >> i can do it very quickly. i tried to think if i were in your shoes or the go-between in what became the simpson-bowles plan, it was possible for you all to get to the $3.9 trillion deficit reduction given where your positions are today. i think it is. i think you can get this done. i wil

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cdo's report came back and said it was a bad idea. we tried to modify the military retirement pay within two years, they changed it again back to the old system. they know, to retain quality people and our military, they have to provide a quality benefit. host: at albert, tampa. good morning. caller: i suffer from ptsd and i am involved in the v.a. right now. host: albert, when did you fight? caller: i was not in a war. i was injured in an accident during service. people do not realize, if you are 50% disabled -- i have not worked since 2003. you only get $850. that is your benefits. i have to pay $400 of a month for outside medical insurance, and i have to pay all my co-pays for service. in the v.a. system -- you can see your doctor once every three months. also, they did not give you prescription drugs. i cannot get any of the good drugs because they are too expensive. i have also had to wait since 2003 to have my be a case go to appeals. i have had it shredded twice. i have had my kids go to the judge and it has been remanded three