he's just paid a one hundred thousand dollars fine for unintentionally defrauding customers of citibank unintentionally defrauding the you know this reminds me a member oliver north the committed plausible deniability remember when i was involved the iran contra scam under the under in the reagan years you know they didn't want to say he was guilty but he was plausibly he could plausibly deny his guilt so here you have. who is this banker gary crittenden he's saying he's got fraudulence out of the phrase a unintentionally defrauding this is what the f.c.c. charged him with he paid a one hundred thousand dollars fine he himself his last year of employment at citibank last year made twenty million dollars so of that he paid one hundred thousand dollars for the actual investors with citi bank's c.e.o.'s which is the case in this particular instance they lost billions and billions of dollars right unintentionally defrauding and like i said earlier that words mean nothing anymore in the united states you can't you can adjudicate a law if the words mean nothing you can't report on financial n

actual investors with citibank c.e.o.'s which is the case in this particular instance they lost billions and billions of dollars unintentionally defrauding and like i said earlier that words mean nothing anymore in the united states you can't can adjudicate a law if the words mean nothing you can't report on financial news if every single financial figures cooked it is to. statistical basically phantasmagorical you know shadow banking system and it means nothing and where is the leadership where is the leadership nobody soem lights are on and nobody's done ok so you see herbert thanks so much for being on the kaiser report thank you max and that's going to do it for this out of the show stay with us plenty more coming your way on the kaiser report . you vote for bush. the book always adds by one vote for kerry for kerry so the people that are going to be validating this machine can stand there all day long and vote for somebody and it will be right every time but the guy can walk up here and if he hits the right buttons. h

. >>> closed captioning for the bay area news at 7 is brought to you by citibank. city never sleeps. >> we want to take another look at breaking news we're following in napa county from is a fire you see right now raging above calistoga. firefighters are battling a wildfire on mount st. helena. news chopper 2 live overhead as you see from the live pictures, a lot of smoke there. cal fire says the fire started about five this evening and has burned about 10 acres so far in heavy timber. it doesn't appear any structures are threatened, but my producer was actually telling me a few minutes ago that there are some structures in that area. you can see, though, an awful lot of smoke is visible from a very large area. we've also been monitoring and watch as cal fire has been making retardant drops. highway 29 is closed down near tubbs lane because of the fire. we will have much more on the 10:00 news >>> let's check in with bill martin. it's been some time since we've talked about a fire here in the bay area. what are conditions like there right now? >> it's been definite

. >> citibank kept turning us down actually the mortgage company kept saying we didn't qualify.nd then finally, i'm thinking, if we don't qualify, who does? >> reporter: consumerwatch receives dozens of e-mails from viewers describing their mortgage nightmares. lisa rights, i have been trying to get a loan modification for a year now being strung along with bad reasons. and another says, chase bank has denied us a loan modification. since then, they lost 5 house payments which they cashed. they are now foreclosing on us. desperate, the family called consumerwatch and suddenly there was progress on their loan modification but that's when a citi mortgage rep made an unusual request. >> although he wouldn't put it in writing, he told us we needed to not pay our mortgage for a couple of months before they would actually really do the modification. >> in many, many cases, we're hearing of the servicer saying, well, we would like to help you but in order to be able to help you, you have to be in default. you can't be current on your mortgage. >> reporter: paul leonard of the center fo

also, bank of america and citibank are working on the same type of a deposit program. call our hotline for questions at 1-888-5-helps-u. >>> got to admit, flight attendants who quit and fly down emergency slides probably can't get one of these but you can! jetblue bringing back its all you can fly program. one month of unlimited travel on any jetblue flights, $699. if you only want to fly weekdays $499. you can buy it now, book flights starting on monday and you better do it quickly because the last time jetblue did this, they sold out. and, of course, the fog would have to lift at sfo in order for the plane to take off. >> usually it affects the arriving flights not the departing ones. but -- we put everybody on a slow delay that wants to get here. fog scrubbed out earlier today than in recent days. san jose, 72. winds west at 10. compare that with this right now we head to the coast, wow, this is the first time in days at this hour we have been able to see actually clear skies. the coast is clear. but however if you have evening plans we do have the low clouds and fo

. >> reporter: the nation's other big banks, bank of america, chase, citibank, union, u.s. bank and wachovia, all process transactions the same way, from largest to smaller. class action suits are now pending against those banks, as well. so when will wells fargo customers see their share of the money? probably not for a year or more. wells is appealing the decision. but if it stands, customers who qualify could get up to $200 each. pay back some customers say is long overdue. >> just knowing tough to see your account $35 for one mistake you made and then multiple subsequent charges, 35, 35, 35 for one mistake. >> reporter: while most of the nation's big banks process transactions from largest to smallest, the majority, about 60% of them, actually process transactions in chronological order. meanwhile the judge has ordered wells fargo to change its processing policy by november. now, if you have a consumer question or complaint, our hotline number is 1-888-5-helps- u. >>> all right. that disgruntled jetblue flight attendant who cursed at a pang and then deployed the emergen

. >> closed captioning for the bay area news at seven is brought to you by: citibank.sleeps. [ man i was deciding what to do with my citi thankyou points when it happened... [ glass breaks ...again. ♪ [ child run! [ man first it was the mailbox. then my squirrel. and now, this. so i used my points to make a donation to get the park down the street built. when it finally opened, i also used my points for... car repair. [ male announcer use your citi thankyou points for almost anything, even local charities. what's your story? citi can help you write it. >> key political leaders from california and nevada gathered near lake tahoe today to talk about how to preserve the area's environment. u.s. senators diane fine 69 of california, and harry reid and john en sign of nevada are among those attending the 14th annual tahoe summit. the focus this year is on developing new ways to protect lake tahoe and its surrounding forest while trying to revive the region's economy. >>> time for us to talk about our local weather. it seemed to be a little nicer in the city today. >> yeah.

chief meteorologist 7 is brough to you by citibank. citi never sleeps. [ man i was deciding what to do with my citi thankyou points when it happened [ glass breaks ...again. ♪ [ child run! [ man first it was the mailbox. then my squirrel. and now, this. so i used my points to make a donation to get the park down the street built. when it finally opened, i also used my points for... car repair. [ male announcer use your citi thankyou points for almost anything, even local charities. what's your story? citi can help you write it. you'll never go back to your old duster. [ male announcer hey duster! wanna attract dust like swiffer 360 duster? then try the magnet hat! ♪ whoa! wow! [ female announcer sorry duster, but swiffer 360 dusters attract dust with over 500,000 fibers and lock it away to clean better than a feather duster. swiffer's built smarter to clean better. ♪ she blinded me with science >> south san jose, the lake will likely remain clough close at least until mid august due to an unhealthy algae bloom. the lake was closed to s

citibank says russians spending abroad are expected to pre-crisis levels of international credit card spending is said to be more than eighteen percent one percent higher than last year most popular purchases include car rentals and medical services and shoppers have already increased their spend on clothes and shoes by more than three percent spending slowed or changed in countries where credit cards are most popular name in the usa u.k. france and italy. i phone maker our poll is the world's most valuable brand says a new report from forbes magazine the firm's trademark is worth one trillion dollars beating all its rival microsoft into second place the third of the list of fifty business is no russian companies made it on to the list. the latest business you can find more stories on our website www dot com. please. one of the key elements of democracy. which is so uncomfortable for me. who pays for the. how dependent. independent media. and who is behind the t.v. story. georgia media. and reality. is. there's a state of emergency in seven russian regions. have destroyed. even forty

citibank says russians spending a broad are expected to exceed pre-crisis levels this year international credit card spending is said to be more than eighteen percent one percent higher than last year the most popular purchases jewelry car rentals and medical services russian shoppers have already increased their spend on clothes and shoes for more than three percent spending slowed or remained unchanged in countries where critic called a most popular name in the usa u.k. france and italy. i phone maker apple is the world's most valuable brand says a new report from forbes magazine the firm's trademark is worth one trillion dollars beating out all drive all microsoft into second place a third of the list of fifty take businesses no russian companies on the list that's the latest join us to see if russian stock markets open on another high in fifteen minutes. one of the key elements of democracy which is so uncomfortable for me afford. who pays for the news. how dependent is this independent media. and who is behind the t.v. story i am. georgian media the basic shouldn and reality on augi

in the moment because of looking back you wonder how could these people actually be thinking that citibank will do the same and twenty years from now not everyone to look back to back and say why are we scared hopefully no matter how you feel personally the bottom line is that with all the anti islam events as of late it's they've just did that at least first islamophobia it's very . well coming up on r.t. big brother is watching this activist world's most watched country doesn't need any more c.c.t.v. especially when flying out on holiday it's on the way in the next. few minutes we'll be discussing the chinese economic phenomenon before that i'll be back with a recap of our top stories. thank you.

russian spending abroad this year expected to exceed pre-crisis levels that's according to citibank international credit card spending is set to be more than eighteen percent one percent higher than last year and the most popular purchases include jewelry car rentals and medical services russian shoppers have already increased their spending on clothes and shoes by more than three percent spending slowed or remained unchanged in countries where credit cards are most popular namely the usa u.k. france and italy. that's the update for this hour we can always find more stories on our website r.t. dot com slash business. cultures that so much about the taxpayers' money meant ization if it has a lot of people at area the wages of sin and the global economy is far from out of crisis but that cannot be said about gambling it's a growth industry and it's. going to be so much brighter if you knew all about song from finest impressions. means for instance on t.v. dot com. wealthy british style most of us not on to the type of. markets why not. find out what's really happening to the global economy in cars

are in the moment because of looking back you wonder how could these people actually be thinking citibank will do the same and twenty years from now everyone to look back to back and say why were we scared hopefully no matter how you feel personally the bottom line is that with all the anti islam events as of late it's they've does they that at least for a start islamophobia is very. well if they have to what's coming up here in our team or bring new in a war will make winning film rather on the continuing the facts of one of america's worst environmental disaster of the first a short break and i'll be back with a look at our top stories. in the world.

citibank says russians spending abroad are expected to exceed pre-crisis levels this year international credit called spending is said to be more than eighteen percent one percent higher than last year the most popular purchases include jewelry call rentals and medical services russian shoppers have already increased their spending on clothes and shoes for more than three percent spending slowed or remained unchanged in countries where credit called a most popular name of the u.s. a u.k. france and italy who was fifty most valuable brands have been named join us to the names. if. this is a see there's a state of emergency in seven russian regions where bridges walls pharmacy history with entirely villages meeting for the mills and searing temperatures and strong winds all founding the thing. wednesday will be a day of mourning in russia is it caused by also from the genocide be a we are all to suggest plane crash which killed and then for no fault is suspected as a possible means the tragedy. is trolling. and iran's president ahmadinejad is challenging baraki vomits who it seems the deb

are in the moment because of looking back you wonder how could these people actually be thinking citibank will do the same and twenty years from now not everyone to look but back and say why are we scared hopefully no matter how you feel personally the bottom line is that with all the anti islam events as of late it's saved is they that at least first start islamophobia is very real. in our next hour the european union project aimed at tackling terrorism the anger and human rights activists in the u.k. they say i plan to monitor airline passengers on board planes is another step closer to a surveillance state leaving them with no privacy even as they try to once for their holiday. or whatever sort break here in our town and i'll be back with the headlines in a few moments stay with us. to lose a little.

citibank says russian spending abroad. are expected to exceed pre-crisis levels this year international credit card spend to be more than eighteen percent one percent higher than last year most popular purchases include jewelry car rentals and medical services russian shoppers already increase their spend on clothing and shoes by more than three percent spending slowed or remained unchanged in countries credit cards most popular in the usa u.k. france and italy. i phone maker are police the world's most valuable brand says a new report from forbes magazine the firm's trademark is worth one trillion dollars beating travel microsoft into second place a third of the list of fifty or take businesses no russian companies made it on to the list. a big gold mine has bought out a rival in a sign cash flows are on the mend join us next hour for the details. well you know. always adds by one vote. so the people that are going to be validating this machine can stand there all day long and vote for somebody and it will be right every

russian spending abroad this year is expected to exceed pre-crisis levels according to citibank internationalcredit card spending a set speed more than eighteen percent one percent higher than last year and the most popular purchase this includes jewelry car rentals and medical services russian shoppers have already increased their spending on clothes and shoes by more than three percent the spending slowed or remain unchanged in countries where credit called on the most popular namely the u.s. a u.k. and this. and that show update for this hour but you can always buy most henri's on your website auti dot com plus business. it will. hold things. we are going. to. other who just joined us this is the r t news channel news just coming in it's been reported tonight that at least fifteen people have died after a russian passenger plane crashed in the region of the details still coming into us there a little sketchy we're hearing it happened at the airport in the town of god occur that's in siberia it's a town of about seven thousand people we're hearing that the plane an antonov twenty five came

russian spending abroad this year is expected to exceed pre-crisis levels according to citibank international credit card spending is set to be more than eighteen percent one percent higher than last year and the most popular purchases include jewelry car rentals and medical services russian shoppers have already increased their spending on clothes and shoes by more than three percent the spending slowed or remain unchanged in countries where credit called the most popular namely the u.s. a u.k. france and this thing. i'm not sure update for this hour but you can always buy most doris' on your website r.t. dot com plus business. culture is that so much about the experience i mean it is interesting to me how much people are curious wages to be able economy is far from a crisis but that cannot be said about gambling it's a growth industry and it's. every month we give you the future you understand. and want to bring the best in science and technology from across russia and around the world. join us knology update on r g. hungry for the full story we've got. the biggest issues get the human voic

russian spending abroad this year is expected to exceed pre-crisis levels according to citibank internationalcredit card spending is set to be more than eighteen percent one percent higher than last year and the most popular purchases include jewelry car rentals and medical services russian shoppers have already increased their spending on clothes and shoes by more than three percent the spending slowed or remained unchanged in countries where credit cards i'm most popular namely the usa u.k. france and italy. i'm not sure update for this hour but you can always buy more stories on your website r.t. dot com flash business. one of the key elements of democracy. which is so uncomfortable for me a foreigner. who pays for the news. how dependent does this independent media. and who is behind the t.v. story. georgian media fiction and reality. every month we give you the future you understand how to get there and. the best in science and technology from across russia and around the world technology update. this is all things being with us this monday evening states at night here in moscow our top

has erupted in the last couple of weeks, which is circuit breaker halts on stocks like cisco and citibank, that have no business being halted for such small share amounts. >> this is an issue i am particularly interested in. if the committee could pursue this way to have a calming effect on the markets, i would like to get some thoughts from the committee on this issue, particularly over the next couple of weeks. i think it would be very helpful to us. >> i think that chris might be miles away in terms of this issue. do you think that collared market orders would work for retail investors? >> we are talking about stop orders and market orders. let me take the stop order issue first and talk a little bit about that. we offer a type of order through our technology that is called a trade trigger. it allows the investor to set a stop-loss limit price that will track the underlying price of the security. once the trigger event hits and then that order goes into the market as a stop. i think this is an interesting idea. i like a lot of aspects of it. the problem with some of the stops and marke