is citi group said anough with these too big to fail banks take a listen. i'm suggesting that they be broken up so that the the taxpayer will never be at risk. the deposit is won't be at risk the leverage of the banks will be something reasonable and the investment banks can do trading and not subject to. they're not subject to not being there when they can make some mistakes . now the ironies should not be lost as sandy weill was at the helm of citigroup when it was becoming the he met that is today he was instrumental and pioneering the one stop shopping bank model even violating remaining provisions of glass steagall at the time in the process here is inside jobs filmmaker and predator nation author charles ferguson talking to us about it take a listen citi group wanted to acquire travelers did acquire travelers before the glass steagall act was repealed and so it was at the time. illegal combination of a commercial break and an investment is travelers which was at the time an insurance company also owned a large investment bank. but greenspan the federa

and chairman of citi group same break up the banks and is that the right solution for why applaud what senator wellstone i think was exactly right look we all make mistakes but the only really bad mistakes of the ones we don't admit are that once we don't correct sandy made a mistake in one thousand nine hundred so a lot of other people program bill clinton john reed lots of people are on board the repeal it wasn't just one individual even though he was the driving force given the experience of the last ten years of your back he says that was a mistake so i applaud that and by the way he's not alone john reed who is cochairman at the time of this city good travelers merger has previously said that was a mistake this should not have repealed was to go richard fisher president of the dallas fed said the same thing so the list of people who say look this is just a mistake let's go back to something like what we had glass steagall work for sixty five years it was an act of one nine hundred thirty three it was you peel the one nine hundred ninety nine so sixty six years you know we have som

companies including at&t, boeing, and city group paid their chief executives an average of $20.4 million last year but paid little or no federal taxes on their profits. boeing's ceo was paid $18.4 million last year, while his company received a refund. $6.5 million. the tax reductions and credits are allowing corporations to pay their executives lavishly and cut their tax bills while washington gets no money at all from the corporations. >>> foggy out there, and temperatures cooling down quite a bit. when we come back, we'll take a complete look at the temperatures for tomorrow, and the slight chance of seeing a raindrop or two over the course of the weekend. [ male announcer ] now at your neighborhood subway: dinner...is...served. tonight, take it easy and enjoy your favorite soup, salad and hot, hearty sub. like the toasty big hot pastrami melt. get to your local subway for some dinnertime deliciousness tonight. subway. eat fresh. >>> the new section of the bay bridge is one year away from completion. this week marks the beginning of a critical new phase in the construction. jeff bush

gun fights broke out between the city's groups. supporting anti-government forces. the others back bashar al-assad. the two factions live in tripoli, the lebanon military has sent tanks to contain the fighting. reuters news agency says seven people have been killed and about 100 wounded. >>> the european union is investigating whether a business deal violated sanctions against syria. a foreign unit of japan tobacco is accused of sending cigarettes to a company with ties to the syrian leadership, the eu placed sanctions on relatives of president assad may last year. "the wall street journal" says the eu anti-fraud office is questioning the business. members of the anti-fraud office told nhk they're conducting an investigation but they did not provide details. the syrian come of pane w-- com pane was owned by cousins of president assad at the time of alleged trade. the assad regime is reselling the cigarettes at high prices. it says the profits are being used to finance its crackdown and the paper says government officials are using tobacco to pay members of militias

morgan goldman sachs and citi group in recent months he is no longer taken stakes in the financial sector beat in the states and globally instead he's buying into retail heavyweight wal-mart and facebook and he's once again bullish on gold which source was dubbed the summit asset bubble and that's all the latest from the business desk this hour we'll be back in fifty minutes as always but you can check out our site r t dot com for all the latest as well absolutely there's more information there is always well thanks for that and i'll be back shortly with a recap of our top stories so stay with us for that. good old stores in here. for going global and now it's only viral. load you. look around. choose your place take your stuff. to. make your statement. or the words. coupons to. download the official application so choose your language stream quality and enjoy your favorites from alzheimer's about t.v. is not required to watch all its all you need is your mobile device you can watch r t any time i do that. my parents really truly honestly believe that what had happened was as a result of

morgan goldman sachs and citi group and recent months he's no longer interested in stakes in the financial sector being in the states or globally instead sources buying into a retail heavyweight wal-mart and facebook the other picked by the famed investor is gold which source once dubbed the ultimate asset bubble analysts say the move is yet another sign a new wave of global money printing is on the way. and that's the latest from the business desk here i will be back in about fifteen minutes but if you can't wait that long you can always find a lot more stories that are teed up called slash business definitely to thanks very much indeed and also be back with a recap of our top stories very shortly so stay with us. sigrid laboratory. to build most sophisticated robots which fortunately doesn't give a darn about anything tim's mission to teach the creation why it should care about humans and. this is why you should care only on the dot com. poll started here before going global and now it's cooling the fire. choose your place take your stuff. to. make your statement. spread the word. coupon

morgan goldman sachs and citi group and.months he no longer has those stakes in the financial sector in the united states or globally instead sources now buying into a retail heavyweight wal-mart facebook and his other pick is gold which source once dubbed the ultimate asset bubble he apparently doesn't think so anymore analysts say the move is yet another sign that there's going to be a new wave over global money printing. and that's the latest from the business desk here will be back in about fifteen minutes meanwhile check out our site slash that's definitely thanks very much indeed for this and looking forward to the next update next hour of course and next on our team in just a few moments i'll bring you the headlines. sigrid laboratory to mccurry was able to build on these most sophisticated robots which on fortunately doesn't give a darn about anything tim's mission to teach music creation why it should care about humans in this this is why you should care only on the dog. my parents really truly honestly believe that

a jury found this guy that the feds were trying to prosecute from citi group and they let him go because they asked i wanted to know this is from the foreman of the jury i wanted to know why the bank c.e.o.'s wasn't brought up on trial i'll tell you why it's very simple they're better than us that's right they're better than we are they make hundreds of millions of dollars doing dirty deals we have to work for a living with this suckers we pay for their criminality and that's what's happening in america and by the way. look what china is doing to the person you know they're ready to execute our yeah and look at the iranians that everybody hates they just found four bankers guilty and they one of their going to their talking about executing them and that's what i'd like to see what i'd like to see some a high level executions going on let the heads roll on wall street and maybe as they love to say that will send a message to the rest of them well that certainly i'm not going to disagree with you there that would send a message i guess short of that what do you think would change this situ

morgan goldman sachs and citi group in recent months he no longer has a in the financial sector eitherin the states or globally instead he is buying into a retail heavyweight wal-mart and facebook the other picks by the famed investor is gold which source one dubbed the ultimate asset bubble analysts say the move is another sign that there's a fresh new wave of global money printing. and that's the latest from the business desk will be back in about fifteen minutes see them but meanwhile check out our site active a column slash this this now if i sounds great at us thanks very much in deed and i'll be back shortly it was of the headlines stay with us. those stories are here. for going global and. it's fire. you. choose your place take your stuff. to. make your statement.

morgan goldman sachs and city group in recent months he no longer has thinks in the financial sector be it in the states or globally instead he is buying into a retail heavyweight wal-mart and into facebook the other picked by this same investor is bold which source once dubbed the ultimate asset bubble analysts say the move is just another sign that a new fresh wave of global money printing is on the way and that's all the latest from the business desk here i'll be back in about fifteen minutes i'll see them all right thanks very much indeed and i'll be back as well was a reminder of the top stories very shortly stay with us. wealthy british scientists are. present on the tide of. markets why not come to. find out what's really happening to the global economy with mike stronger for a no holds barred look at the global financial headlines tune into cars a report on our g. q please send. me money i'm. going to. get i'll sometimes you see a story and it seems so for lang you think you understand it and then you glimpse something else you hear or see some other part of it and realize th

sandy weill recently suggested we need to restore glass steagall of course steady while over at citi group and by travelers corp is the guy who demolished the glass steagall but now he's repainting or he's recanted his initial thought. what are your thoughts on this conversion by the senate while this foxhole conversion i guess you could cause i'm wonder whether or not the. guy has terminal cancer you know deathbed conversions are very common. not only can i exactly just say he sounds like he's he's at the end of the line and he knows that he's going to hell for having done what he did and now he's trying to desperately talk his way out of hell like any good stockbroker would do yeah i you know i do like the fact that he's come clean on this i posted an article on that at the time it's about time that we started talking only about last eagle but about the broader implication of this which is what i've called one dollar of capital for several years and it is all tied in the same principle here which is that the counterfeiting of currency through the unbacked emission of credit is what least

attorney general eric schneiderman and connecticut attorney general george jepsen had also subpoenaed citi group and u.b.s. earlier this year live where manipulation. put that together with the steam is recognition of gold as a currency that gold and silver are currencies live or is the price of money it has direct relation to money gold and silver are money when you manipulate live or you're manipulating the entire global currency markets or people say the next five hundred trillion dollars of the securities refers to the global currency market gold and silver now unimpeachably money so therefore lie bores about manipulating gold and silver as well so if bart chilton or up to see if they see or of jeff christian around these people come out and say no so over you know we don't have the total facts on it they haven't read the wall street journal or the financial times the last six months like more is manipulation of money gold and silver is money you know the fact that they don't articulate that either their brains or the silo on a desk somewhere connected to nothing or their brains expired at s

industry with collection of credit card debt by big banks named in the article american express citi group in discover financial going to court to recoup their money but not having the proper paperwork well it seems like this is you know all disregard for the law what makes them think they can get away with this what would make them think that they couldn't took a. billion dollars settlement may sound like a big number twenty five billion dollars is a lot of money for you where i live is more than we'll ever see in our lifetime but we're talking about the biggest banks all coming together that is a small price to pay for wiping their slate clean cross in their t.'s and dotting their i's and getting away with these kind of practices but you know i asked neil barofsky about this earlier he's special and former special interest specter general of tarp you just came out with a new book bailout and he can probably answer better than i can with more authority at least from having been on the inside working with wall street in washington as to why these banks would still be thinking they can get

treasury and when he retired from treasury department he became vice chairman of citigroup you know at citi group he made over a hundred million dollars to keeping up the financial crisis. he also just point that out r.l. i for two was asked does whatever gets have taken night off that's dedication for a governor or a zz no not really i don't get a lot of time off and yes please on the race thanks for suggesting that on that note it would be a good time to leave you there's more i want to get to but what to save it for another time because that is all the time for today thank you so much for watching make sure to come back tomorrow and in the meantime you know you can follow me on twitter at lauren lyster and you can give us feedback on the show catch any you missed and you should definitely subscribe at youtube dot com slash capital account you can also watch our show in h.d. on a cool who at hulu dot com slash capital dash accounts catch our show tomorrow we have a new guest peter chair t.f. market advisors a really smart guy you an expert on europe but from everyone here have a great night. if

electronics ties and fujitsu is on the rise over in tokyo off the citi group upgrade to buy and intend to advance to almost three percent of to release the new portable game system in the u.s. the euro is recovering to the greenback and the ruble finished mixed to the main currencies in moscow yesterday we'll have more when the russian markets open that will happen in less than two hours time both feel to some one six swung into the red on monday off to early gains following losses in europe on monday u.s. investors sat on their hands awaiting minutes from the fed's latest meeting slated for release on wednesday shares of apple have reached new historic highs making it the most valuable company of all time that's ahead of an anticipated release of gadgets including the i phone five and the possible new t.v. set over the inflation adjusted market cap of apple is still below microsoft's record from nine hundred ninety nine and jump so that your level of more for the next great stuff thank you so much danielle we'll see you later a recap our top stories coming your way after this short br

companies including at&t, boeing in the city group paid their chief executives an average of $20.4 millionst year but at the same time paid little or no federal taxes on their profits. the nation's tax deductions and credits are allowing them to pay their ceos lavishly. off [ male announcer ] if you're ready to get more from your tv service, now's a great time to get at&t u-verse tv. make the switch! [ megan ] call now to get at&t u-verse tv for only 29 a month for six months -- with a total home dvr included free for life. plus add hbo and cinemax and get the first three months free. [ male announcer ] with u-verse tv, you can record four shows at once with a total home dvr that lets you play back, pause or rewind your shows from any room. get over 170 hd channels. that's more than cable. [ megan ] call now to get at&t u-verse tv for only 29 a month for six months -- with a total home dvr included free for life. plus add hbo and cinemax and get the first three months free. [ male announcer ] and now exclusively from at&t, our wireless receiver lets you move your tv where you want around t

city. her group advocates for stricter gun laws and police tactics focus on getting weapons off the streets. she supports in your city police departments stop and frisk strategy which allows officers to stop and search anyone they find suspicious. did we use the board stop and frisk it's a controversial tool? >>> yet to walk in my shoes to understand. stop and frisk is needed. because maybe if they would have stopped and frisked the kids who shot my two kids maybe would still be alive. in 1982 who by two teenagers who didn't like the way he looked at them. 60 years later a 28 year- old son pteron was gunned down by thieves critics there protested the policy say the tactic encourages racial profiling the nypd is on statistics show that 85 percent of the people were stopped are latino and african-american men. >>> that program needs to be fixed by community leaders any need to set the table and help fix it but we certainly don't need to stop it. and she believes parents need to take greater responsibility for their children. for parents need to stop and frisk their kids when they leave the do

my middle sister worked at city group. the other is pursuing a master's. >> he shattered a producer at bloomberg. when did they hire you and when was your first job? >> my first job was a production assistant at bloomberg television. i started there in the fall of 2004. just before the 2004 election. then they were developing a program called "money in politics." they knew i was interested in politics and asked if i wanted to be a producer on that. in 2006, it was an hour-long shell, and there were three or four of us working on it, and in 2006, they were moving the show down to washington and they asked me to come down here. that is how i got to washington. >> how do you stay informed? what the use -- what do you use besides bloomberg? >> i use twitter. i have "the new york times" app. twitter is like a news wire. going through and checking to see what the headlines are constantly. it is because of who i follow, you can see when things are starting to pick up a buzz. >> what did you study at barnard? >> political science

dennis: breaking news on a city group settlement over mortgage-backed securities.m shapiro has the details. adam. >> dennis, it is another in a long list of banks settling over the mortgage-backed security issues that were issued during the financial crisis and before. this one, a $25 million settlement between citigroup incorporated as well as two parties in the case. this would be the ann arbor employees retirement system and the greater kansas city laborers pension fund. they said in the case they were misled about the quality of mortgage-backed securities they purchased just before the u.s. housing market took a tank in 2008. now, citigroup was part of a settlement unrelated to this, with deutsche bank. they paid a combined 165 million. that was a settlement with national credit union over the rules and underwriting mortgage-backed securities. bank of america has settled its merrill lynch unit. 315 million for lawsuits brought by 18 different kinds of pension funds over mortgage-backed securities. this is the latest. $25 million settlement. the face value of th

city. we were with a smaller group earlier. i will stress that san francisco is a city with a dichotomy going on. in many ways, we are a cutting edge city in terms of technology, food, transportation, there are all sorts of things where we are ahead of the curve. we attract a lot of people like you who are forward-thinking and want to do things in a different and more innovative way. we're also a really old school city. the change is challenging. david and i talk about this a lot. we're trying to do things differently. we get a lot of reflexive push back, whether you are talking about cars sharing on streets, or changing zoning to create new housing to make the city more affordable and inclusive. you have those kinds of difficult conversations. so much of this is about educating the city as a whole from all generations and perspectives. our housing policies and transportation systems are not always sustainable. if we want to remain a cutting edge and diversity that draws all sorts of people here, we're going to have to change. w

i'm also mindful of during the financial crisis charles prince who was head of city group said when the music stops things will complicated. we have to get up and dance if the music is still playing. i sometimes feel that about health care. we have the looming trajectories and where are we headed? the question remains, is health care reform built to last? what do you think? let's talk about the cost and coverage provision under health care reform. who will be covered under the patient protection and affordable care act? what will it cost? the good news up to 16 million low-income people may be covered under medicare the joint federal state program. i said maybe because there a number of state governors who are not inclined to expand medicare. i think it's more for political reason, they have very serious budget situations. i suspect there will be a lot of pressure from hospitals and other in thes state that will wear down that the opposition. so it's not clear all 16 million projected people will be on candidate. medicaid. new jersey estimated 450, 000 people coming to the clinic uninsu

i'm with the city wide group and planning department. i am going to run through a short summary of the results of the downtown plan monitoring report which you have in your packet and point out there is a more detailed summary in the cover letter and a new information graphically developed in the first couple of pages of the report. this report covers changes during 2011 in key land use and transportation topics as required by the administrative code. the annual changes identifies small changes that basically continue past trends. the downtown area continues to be one of the region's resilient places. a little more of an increase downtown than citywide or the region. downtown did have a net loss of housing units with the demolition of 31 units. the city also experienced a drop in housing production city-wide last year. however, there are approximately 4000 units in the residential pipeline right now, so we would expect production to increase in the future as the economy recovers. transit use continues to be stable and high relative to mo

companies including at&t and city group paid their chief executives an average of $20.4 million last year and at the same time they paid little or no federal taxes on their profits. the boeing ceo was paid $18.4 million last year what the company received a tax break of $605 million. researchers conclude the nation's tax credits following the country to pay executives lavishly and cut their tax bills while washington gets less money or none at all. we >> justine: the presidential candidates and their supporters are still busy accusing each other here is one the obama campaign is upset by a video that was released by republicans. catherine has the story. >> mr. president you cannot kill osama bin laden, america did. >> reporter: a group of special forces operatives created this video it gives credit to america for killing osama bin laden and it accuses him demonstration of leaking information for political advantage. >> i do not see why anyone would purposely put lives in jeopardy. >> reporter: the president's reelection campaign says that using hardballs meerkat. --hardball smeer tac

city. the group plans to leave arlington a litt after 7:00 a.m. and will shut down and 95 and 295 around 8:00 a.m. the caravan is expected to be out ofarylan around 10:30. >> and man accused ofilling a family friend is not competent to stand trial. kim dacey has more. >> prosecutors and defense attorneys agree on the ruling after alexander kinyua underwent psychiatric evaluation. he allegedly killed his house in his heart and part of his brain. in an interview, they recently got a report stating alexander nyua should be found incompetent to stand trial because he is not capable of assisting his attorneys during trial. that does not mean he will never face a trial. doctors are currently reassessing his competency. >> given the right treatment to eventually -- the termination is he can go forward and we cannot afford. and then the issue of whether they were criminally responsible has to be addressed and that is a separate issue. >> alexander kinyua is also facing attempted murder charges against another man. the future of the client's case will be i

city. when the group got together, there seemed to be a broad agreement to implement this. if we can do it, i think it will be good for everybody involved. thanks, commission. >> good afternoon, commissioners. my name is kieran buckley. i am a little developer in san francisco. we started out, a group of us, and we set to remodeling houses. we put our money together and we grow over time. we got hit pretty bad when the economy turned barren. we are back to remodeling single-family houses. the next thing we would be looking at is moving up the ladder again, which would include these types of houses, if they pencilled out. with the way it is, it would be difficult to do that. i think it is unfair to compare us to the wall street guys downtown that do the 100 unit projects. a few years back, before this came out, we had an 8 unit pending. in the last six years, we could not have built that same a unit building. -- eight unit building. thank you for your time. >> i am a small builder, an endangered species in san francisco. since the five to nine ordinance was put in six years