members are going back to the citibank and state department. but you also see by the 1930's specially and coming to power of roosevelt, he -- this context of the depression and context of the banking crisis and in the context of great animosity among the u.s. public towards and says, this needs to stop, he's trying through new deal legislation, he's trying to restrain the bankers and their activities in the caribbean and i think the congressional hearings on banking and currency under the guys of the lawyer fernando, has access to the city banks records and records of other banks in the legal office of shermin and sterling and really for the first time somebody goes in and get history, archaeology of all -- exploring banking practices in the caribbean. the federal government wants work to try to restrain activities of wall street. >> basically we are talking about the early 20th century right now. >> yeah. >> are these banks still prevalent and infrastructurial in the caribbean and what's the legacy. >> first i would say that the current influe

morgan fell later became very important to institutions like citibank before the largest lender pope and beyond those questions of sovereign debt of commercial banking barrasso personal banking in the twenties there was of movement that would service middle-class customers with compound interest is something the bankers were quite surprised they wanted to put the money in bank since the interest with that important marketing practice that is up the monopoly of interest of the part of washington for. >> what about haiti or nicaragua or cuba?. >> it is different country to country these are two countries flew to the worst possible since it exemplars of diplomacy the role of u.s. bankers in haiti faugh led to the landing of u.s. developing a 19 your military occupation that is intangible to the audience's the transfer of financial and economic control and allowed to thousands of deaths of patients citizens that they were revising the state department and u.s. policy with those financial systems that created that chaos and similar things could be said about nicaragua but the consequences

citibank. the weight was lifted and i reestablish myself even as i face the day the ability of having a bankruptcy on my record. mere weeks after my discharge, citibank ignored the order of the judge and turned me over to collections. they threatened my federal government as well as my newfound sense of response ability i didn't pay. the next few months i was the multiple collection letters and even found out that my boyfriends grandmother had received a call. when the judge found out what citibank did he ordered the bank's lawyers to show cause of why they should be held in contempt for ignoring orders. instead of apologizing or sweating, citibank they arguing that the judge has no power over them because citibank. a ripoff clause in the fine print of its own treatment and they any dispute related to my loan must be decided in secret, private arbitration. even though it had been discharged. in private, arbitration the judge be powerless to enforce any of his orders. instead, a private firm cho

so it was ruled that some of my loans including those held with citibank would be wiped out. the court granted my ability to get out of default by setting up any payment terms with private lenders as well as the department of education. you can imagine the sense of relief i felt at regaining control over my situation. after years of disappointment, i finally had the chance to set things right, get back on track and lead a normal life. at the beginning of 2017, this year, my bankruptcy officially clo closed and all of my creditors received notice of the judge's discharge order including citibank. the weight of the past three years was finally lifted and i was free to reestablish myself even as i faced the difficulty of having a bankruptcy on my record. but mere weeks after my discharge city bank ignored the order of the judge and turned me over to collections, threatening my fragile credit as well as my newfound stability if i didn't pay. over the next few months i received multiple collection letters and even found out that my boyfriend's grandmother had received a call. when

it's fine i think i don't all ignore other to ignore that ignore the evil things nasa or citibank are doing or i care there's tons of for you to ignore all right you could figure it out on your i don't have anything you. say to those the behind the scenes at c.n.n. are. making of things the media is ignoring nasa just announced that last month was the hottest july i am the hottest month ever on record in unrelated news g.q. has announced a new trend in business attire for next month it's just a necktie i yeah and for below the waist it's also just a necktie i. really. really bad outfit it's a microaggression. we have to go to a quick break but i have live comedy shows coming up in seattle and washington d.c. and you can now vote for your city to be added to the tour just go to redacted tor dot com it only takes thirty seconds to vote will be right back.

so i got a job offer from the citibank and work for several fortune 500 companies to maintain my h1v work visa. and eventually daimler chrysler was waiting to sponsor my work visa because the supply of the visa less than the demand so i was stuck in for five years with zero progress. so eventually i got married. at the end of the process i got married so that's how i became u.s. citizen through marriage. >> host: do you think if you hadn't gotten married you'd still be in the system. >> guest: probably not because by the end of the five year waiting run out of options and you talk about a hurdle. that's another hurdle. when you do not how long you can legally stay, cannot buy a house, i cannot easily change jobs bus the next employer has to be able to ready to assume all the legal costs and risks to help continue the process and not many police employers wastio that. i'm at the thorns rope back then and have to leave. >> host: so you right about rite about this in your book, the broke welcome mat, is the burden on employers or schools to say, yes, we want her to stay, and then they h

i got a job offer from citibank and worked for several fortune 500 companies. daimlerchrysler, the supply of the visa is not the demand stuck in a space for five years and got married after that, became a us citizen through marriage. >> host: if you haven't gotten married would you still be in the system? >> probably not. by the end of the five you're waiting i ran out of options. you are talking about a hurdle. it is another hurdle. when you don't know how long you can legally stay, i cannot buy a house, the employer has to assume all legal costs and the risk to continue for the process and the nominees waiting to do that so i am at the end of the rope, waiting, i will have to meet. >> host: helen raleigh, you write about your -- you write about this in "the broken welcome mat: america's un-american immigration policy," is the burden on employers to say yes, we want her to stay and they have to prove that you need to stay? >> the burden is on the applicants. this is another problem with the immigration system. somebody like me who has skill set that knowledge

knowledge no it's fine i think i don't all ignore other to ignore that ignore the evil things nasa or citibankare doing or i care there's tons of for you to ignore all right you could figure it out on your i don't have any of. those the behind the scenes at c.n.n. are. making of things the media is ignoring nasa just announced that last month was the hottest july am the hottest month ever on record in unrelated news g.q. has announced a new trend in business attire for next month it's just a necktie. i yeah and for below the waist it's also just a necktie i. really. that's really bad outfit if a microaggression thought we have to go to a quick break but i have live comedy shows coming up in seattle and washington d.c. and you can now vote for your city to be added to the tour just go to redacted tor dot com it only takes thirty seconds to vote will be right back. on the trial where i've spent countless hours poring through documents that tell the story about the abuse i will print corporate media report uses to talk about these. i'm going to paint a clear picture about how disturbing council c

five no it's fine i think i don't all ignore other to ignore that ignore the evil things nastier citibank are doing or i care there's tons of for you to ignore all right you can figure it out on your i don't have anywhere. to go those are the behind the scenes at c.n.n. or. breaking of things the media is ignoring nasa just announced that last month was the hottest july am the hottest month ever on record in unrelated news g.q. has announced a new trend in business attire for next month it's just a necktie i yeah and for below the waist it's also just a necktie i. really. like that outfit if a microaggression. we have to go to a quick break but i have live comedy shows coming up in seattle and washington d.c. and you can now vote for your city to be added to the tour just go to redacted tor dot com it only takes thirty seconds to vote we'll be right back. i'm tom hartman and i'll give you what the mainstream media can't so big picture. and when question or find what you're looking for. we'll go deeper investigate and debate all so you can get the big picture. on a trial that we have spent

knowledge no it's fine i think i don't all ignore other to ignore that ignore the evil things nasa or citibank are doing or i care there's tons of for you to ignore all right you could figure it out on your i don't have anything you. say to those the behind the scenes at c.n.n. are. making of things the media is ignoring nasa just announced that last month was the hottest july am the hottest month ever on record in unrelated news g.q. has announced a new trend in business attire for next month it's just a necktie. i yeah and for below the waist it's also just a necktie i. really. really bad outfit on microaggression. we have to go to a quick break but i have live comedy shows coming up in seattle washington d.c. and you can now vote for your city to be added to the tour just go to redacted tor dot com it only takes thirty seconds to vote will be right back. in case you're new to the game this is how it works my economy is built around quite. perforations from washington washington post media that. voters elected to run this country business. must it's not business as usual it's business like i

citibank recommending five-year credit default swaps to protect against the potential risk.oing back to our tech story, i want to show you some taiwan listed companies with exposure to the apple story. , whilesemble the iphone another up over 2% has a hand in turning out the apple watch. with the shift and technologies to things like the homepod and other new developments, one has to wonder what that can mean for apple suppliers. foxconn, trump said it may boost its investment in wisconsin to $30 billion, up 1.2% on the taiex today. rishaad: we are looking at the effect of the world's most valuable company as well. reasons why it's boss tim cook is happy. let's get to paul allen. thanks. apple shares hit a record high in after-hours trade after the fears the calledmed new iphone would be delayed. seen at $49 billion to $52 billion through september, and the new phone is scheduled to appear. it had been concerned it would be delayed until october. u.s. auto sales falling, a drag on the economy. gm deliveries plunge 15% last month. ford reported its biggest sales declined sinc

ci citibank to me is the cheapest >> guy adami >> spirited, spirited show >> spirit is a good word. >> you know what else is doing well >> spirit airlines >> no, not at all. >> do you see green light's thing? >> green light to go in there. >> i'm melissa lee i'm off for colea up weeks see you then. there. >> "mad money" starts right now. >>> my mission is simple to make you money. i'm here to level the playing field for all investors. there's always a bull market somewhere, and i promise to help you find it. "mad money" starts now hey, i'm cramer. welcome to "mad money. welcome to cramerica other people want to make friends. i'm just trying to make you some money. my job is not just to entertain but to educate and teach you so call me at 1-800-743-cnbc or tweet me @jimcramer. >>> wait a second. is the selloff over already? was that it? point blank, the answer is -- no on a day when the dow gained 135 points, s&p surged, nasdaq surged -- you need to know that the market sadly doesn't work like that. the month of august is notorious for declines like the one we had last week. much of se

citibank is still projecting a late cycle peak before a bear market begins. women's health unit says possible u.s. buyers are considering a portfolio that could bring in up to $2 billion. the israeli drugmaker is looking to offload the unit to reduce that. that's your business flash of eight. julie: what if another quant crisis came tomorrow? we will explore that western with aaron brown and a former chief officer for a qr capital management. ♪ >> why didn't the president mentioned russia rearming the taliban? so we need tablets installed... with the menu app ready to roll. in 12 weeks. yeah. ♪ ♪ the world of fast food is being changed by faster networks. ♪ ♪ data, applications, customer experience. ♪ ♪ which is why comcast business delivers consistent network performance and speed across all your locations. fast connections everywhere. that's how you outmaneuver. you're searching for something. whoooo. like the perfect deal... ...on the perfect hotel. so wouldn't it be perfect if... ....there was a single site... ...where you could find the... ...right hotel

ci citibank to me is the cheapest >> guy adami >> spirited, spirited show >> spirit is a good word. >u know what else is doing well >> spirit airlines >> no, not at all. >> do you see green light's thing? >> green light to go in there. >> i'm melissa lee i'm off for colea up weeks see you then. there. >> "mad money" starts right now. >>> my mission is simple to make you money. i'm here to level the playing field for all investors. there's always a bull market somewhere, and i promise to help you find it. "mad money" starts now hey, i'm cramer. welcome to "mad money. welcome to cramerica other people want to make friends. i'm just trying to make you some money. my job is not just to entertain but to educate and teach you so call me at 1-800-743-cnbc or tweet me @jimcramer. >>> wait a second.

scarlet: let's bring in steven wieting, the global chief strategist at citibank, and also michael mcdonoughirector of economic research and chief economist. can we stop pretending we know what is going to happen in washington at this point as well? >> and the relevance of it. for example we were just dealing with potential catastrophe of war in the koreas again, and that is off the table. we are having wild swings, but this is august, september. this is the most volatile time of the year where we are dominated by professional investors try to get out of their momentum of trades. this is not indicative of the full year. joe: we have seen slight lists in the past couple of days -- lifts in the last couple of days. there was selling on the bannon stuff. is there any explanation for traders putting -- a lot of speculation, policy hope out of the united states has been wildly priced out of the market. we have the mexican peso up to 16% year to date. we had domestically focused u.s. stocks behind 1400 basis points behind international equities. so the expectation of a massive stimulus is that wil

second question l serious you have a right to recall that when oil and chad was first developed, citibank and london and the consortium members who are producing theil oil had payments through a trust fund will be allocated for social development, education, health. long story short, it broke down under pressures of violence when the governmentn was attacked from sudan. he felt he had a crisis and at that point he was producing enough oil and receiving royalties that he had the leverage that he didn't have at the beginning when he agreed to this. the thing that was so striking about that time is just a snapshot of what these distortions feel like even apart from legal corruption. at the time that they needed the americans to help him get out of this box that he put himself in.. h the u.s. embassy in the capital had $10 million in aid to chad, so about $10 million was what the u.s. government spent in chad. exxon mobil consortium realtyy check every year was $600 million.orism if you wonder what the power of the united states is, it's not the marines guarding the embassies and spending a f

when the oil and chad was first developed, there was a compact involving the world bank and i think citibank in a london and the consortium members were producing the oil through payments through a trust fund that would be allocated to ministries for social development, education, public health. long story short, the compact broke down under pressures when the government was attacked from sudan, he felt that he had an existential crisis. he was at that point producing enough oil and receiving hundreds of millions of dollars in road to use he had leverage he did not have at the beginning. he wiggled his way out of it. the thing that was so striking at that time was a snapshot of what these consortiums feel like. so, at the time, he viewed the americans to help him get out of the box he put himself in, u.s. embassy in the capital probably allocated through different departments about $10 million in aid to the country of chad. one of the poorest in the world, bottom at the human development index tables. about $10 million a year is what the government spent in chad. exxon mobil, a royalty check

crisis to happen with those mortgages in the mortgage fraud that was all larry summers doing with citibank and with bill clinton that's what you have to go back and look at but so what's going to happen this time is the taxpayer is going to be on the because what they want to do is they want to ban all cash that's the new program you have to keep your money in a bank account so that the government can control what you do and where you spend it and they have one hundred percent control over what you're doing because the next bell is going to be a ballot where they're going to have sanctioned deposit confiscations cyprus was the first model. banking system that did that i think you're going to see a lot of that throughout europe and then you're going to see it here in the united states will be a war on cash and will be a war to make the average american and every american pick up the tab for the next bail out because there will be a next bailout and the taxpayers going to be on the hook for not the banks not the point zero one percent that's what we're seeing now in politics this is an incre

wells fargo and look at banks that seem to have some air in their sales and tail winds and like a citibankamerica if you look at it, trading at three or four-year high right now. >> the consumer financial protection bureau exploring the possibility of freezing customer accounts so, we're processing this through this 10q looking through the section of customer remediation the stock certainly moving off of this filing. >> earlier today, the office of the comp troller of the currency government agency occ apparently requested more information about the autoinsurance scandal. if you don't know what that is, remember last year or two years ago wells fargo had opened up all those fake accounts for customers. hundreds of thousands. well, it just came out recently that apparently wells fargo had basically forced customers or inadvertently pushed customers into autoinsurance accounts and policies that they did not need or want. you had a headline out earlier that the occ, office of the comp troller of the currency was looking at this and also getting word now that there may be another leg to the fa