well fiza is a group of the united states department of treasury that collects and analyzes information about financial transactions in order to fight domestic and international money laundering and other financial crimes having said that and considering the a normal scale of this leak one can really say this this control mechanism is not really working the phones and already has reacted to this they say they are aware that various media outlets intend to publish a series of articles based on unlawful disclosed sensitive documents from several years ago the unauthorized disclosure of documents this is what they say is not legal it is a crying shame and this is why the finns and has already referred to this matter to the united states department of justice. you talked about the scope of the links being enormous i magine the investigation itself was also enormous how was it carried out exactly. well the investigation was carried out by the c.i. a an international network of investigative journalists or also a colleague from d.w. has been investigating and working the network includes more

well fiza is a group of the united states department of treasury that collects and analyzes information about financial transactions in order to fight domestic and international money laundering and other financial crimes having said that and considering the a normal scale of this leak one can really say that this control mechanism is not really working the phones and already has reacted to this and they say they are aware that various media outlets intend to publish a series of articles based on unlawful closed sensitive documents from several years ago an authorized disclosure of documents this is what they say is not legal it is a crying shame and this is why the finns and has already referred to this matter to the united states department of justice. you talked about the scope of the links being enormous magine the investigation itself was also enormous how was it carried out exactly. well the investigation was carried out by the i c i j an international network of investigative journalists or also a colleague from d.w. has been investigating a working the network includes more than

are made up of suspicious activity reports or sars for short they were filed with the us department of treasury spine anshul crimes and forstmann network between the years 1900 $99.20 and that these sars reports document more than 2 trillion 2 trillion dollars worth of dubious and possibly criminal transactions completely facilitated by these major lenders and other financial institutions as rachel woolley the director of financial crime and regulatory consultancy firm from marigot told c.n.n. b.b.c. these files expose a systemic failure across the entire financial system and industry but yet if you or i cash a bad check overdraft our account or miss a payment these same banks will be oh so quick to fine you and me and remind us to abide by their financial rules or else face grave penalties. that my friends is hypocrisy 101 and you can take that straight to the bank as we start watching honks . new cd. player so let's see this is your choice state. phrase suggests least to me just says so much. so you'll. welcome everyone to watching the hawks i am tired rover and i will be across a major. i'm

are made up of suspicious activity reports or sars for short there were filed with the us department of treasuryspying mantle crimes and forstmann now.

are made up of suspicious activity reports or sars for short they were filed with the us department of treasury spine anshul crimes and forstmann network between the years 1999 and 2007.

department of treasury spine anshul crimes and forstmann network between the years 1999 and 2017 and that these sars reports document more than 2 trillion to trick.

how successful they have been but we know from the department of justice indictments, from sanctions that have been issued by the us department of treasurynorth koreans have, over time, been seen to access in the amount of hundreds of millions of dollars over a period of ten or 15 years and the number may be significantly higher, but i think what it really does illustrate is that during the period from 2005—2006 onwards, even up to a few years ago there were holes, vulnerabilities and us financial system that us authorities have really been trying to plug with the cooperation of many of the globalfinancial cooperation of many of the global financial institutions. how does this make you feel about the global financial institutions and the banks in particular? if the bank fails one of these reports cannot then continue, once the report has been submitted, can continue to deal with those clients with artificially knowing who they are? and continue without penalty? yes, great question because in some ways people look at the reports and they say, well, this must be evidence that the banks are dismissing all of this and there is all this infil

nick:hese are actions from the departments of treasury and spectrum of russian attempts to continue tohe election. the treasury department sayin showed a ukrainian member of parliament, and active russian t,ag has released videos designed to disparage joe biden. rthis is an example sia's ongoing attempt to weaponize divisions inside the u.s. those videos have been retweeted by president trump and cited by republican senator ron johnson. the department of justice charged a russian who manages an effort to influee elections. there is an ongoing russian disinformation campaig that has the same goal it did in 2016, create distrust in the u.s. political process and hel president trump. the independent analyst i spoke to said this is more proof pressure continues to be interested in tipping the scale while chinan and i are more interested in longer-term intelligence gathering operations. eth analysts fear the director of national intelligence is downplaying the active threat posed by russia instead of highlighting the longer-termch threat oa. let's talk about that.track o amna, there was a w

we saw a report this morning talking about instances they allege of fraud and other places where perhaps the treasury departmentidn't do the due diligence they would like. but, of course, mnuchin has also played a critical role as the key republican negotiator in coronavirus relief talks, and he actually has been something of a partner for democrats. so i'm looking to see how that dynamic plays out here, especially between clyburn and mnuchin here at the top. chuck? >> kasie hunt, appreciate the quick preview. now the hearing is truly under way. >> it's fundamental, i think we can't say it enough. tragically, seven months since the first case was discovered on our shores, the course of this coronavirus continues to be devastating. nearly 6 million americans have tested positive for more than 182,000 americans have died, far more than any other nation on earth. this summer, while most of other countries were successfully containing the virus, the united states saw a surge in cases and deaths. and we know why. instead of leading with a national strategy, the white house pushed states to reopen without a plan to k

of at least 10%. they've drawn down $550 million today. what does the treasury department get for this? 10% of american airlines if american borrows about $9 billion, the treasury department will get americ$900 million if you're keeping score, american is now sitting on more than $42 billion in debt >> the stocking is moving higher in the after hours session >> it remains to be seen if they will need to borrow but the fact that they have said we may need to borrow another $2 billion in addition to that $5.5 billion, it's clear they realize they're in for a rough six months here you will not see a big increase in passengers. that means it's going to be tougher to get back to break even. >> a crazy low price target on this, it was $1 or $2 price target on american it is known as the weakest balance sheet out of all the airlines this is the one to worry about if you want to go into the best balance sheet, it's delta or luv. i'm in southwest because i think that the domestic airlines are going to return quicker than international travel but we have seen a flurry of positive headlines coming

. >> yeah, these are actions from the department of treasury anda justice t really high light the spectrum of russian attempts ento continue to inf the election. the treasury department sanctioned a ukraiember of parliament whom it calls an active russianagent. he released videos designed to dispearnlg joe biden and this is an attempt to weaponize divisions inside the u.s., tweeted by president trump and cited by ron johnson. the department of justice charged a russian o masions a russian effort to influence elections and his indictment isf a sign ongoing russian disinformation campaign. that has the same goal as it did in 2016 -- create kiss distrust in the p.s. politicocess and to help president trump. the independent analyst i spoke to today, judy, says all of thif is more prhat russia continues to be interd in tipping the sca while china and iran are more interested ing -term intelligence-gathering operations, and these analysts fear that the director ofnt nationalligence is downplaying the active threat posed by russia to the election by, intead, highlighting the longer-term threat po

department doing its job. this is about the treasury department doing its job. and, yes, our financial services committee, which has done its job, with sanctions. we are very much a part of that sanction regime with the department of treasury. so, please, to my colleagues, do not misunderstand and please don't misconstrue opposition to this particular bill, again, we have no disagreement about the atrocities. we have no disagreement about what is happening on the ground. to the uighurs. and frankly to others. by the way, if this was about others, we'd include others. but it's narrowed down to the uighurs. so, i'm hoping, i'm praying that this isn't just a political ploy to look tough on china, finally. but i hope this is really about helping people. because i know that's why i'm here. so i want to make sure, whether it's a young lady in the philippines who is in sex slavery, or whether it's a uighur in a labor camp, or whether it was my wife's family that was imprisoned by the japanese in internment camps in indonesia, or in the netherlands under the nazis, or whether it was our brothers and sisters who came here involuntarily as slaves, we have to recognize the evil and

well fiza is a group of the united states department of treasury that collects and analyzes information about financial transactions in order to fight domestic and international money laundering and other financial crimes having said that and considering the a normal scale of this leak one can really say this this control mechanism is not really working the fin sent already has reacted to this and they say they are aware that various media outlets intend to publish a series of articles based on unlawful closed sensitive documents from several years ago the unauthorized disclosure of fees documents this is what they say is not legal it is a cry and this is why the finns and has already referred to this matter to the united states department of justice. you talked about the scope of the links being enormous i imagine the investigation itself was also enormous how was it carried out exactly. well the investigation was carried out by the c.i. a an international network of investigative journalists or also a colleague from d.w. has been investigating and working the network includes more tha

information that has been demonstrated as of last week and the official statement with the department of treasury is the product of an active russian agent? what the hell is going on here? how is that possibly okay? to see rudy giuliani running around in recorders making documentaries about others and have the truth about joe biden, again sitting across the coffee table with this active russian agent that's nothing anybody should tolerate. [inaudible] >> last question. would you give rudy a defensive briefing? or would you open a counterintelligence investigation? >> think it depends on context of what he knew or should have known in the meeting. to their snares either we would have given him at briefing or information that he knew better, there's other illicit activity that could have gone another way. >> that that you've answered all of my questions. [laughter] thanks. >> thank you for talking with m me. >> this program is available as a podcast on all "after words" programs can be viewed on website and booktv.org. here is a look at some books being published this week. and where law ends, andr

secretary mnuchin: i am pleased to join you to discuss the department of treasury's response to covid9 pandemic. for the last five months, treachery have been working hard to provide fast and direct economic assistance to american workers and their families. we remain committed to making sure that every american gets back to work as quickly as possible. is thetisan cares act biggest economic relief package in american history. economic relief totaling nearly $3 trillion which is approximately 15% of gdp is having a tremendous impact on the economy, leading to increases in jobs, retail sales, business activity, and home sales. i also want to thank chairman powell and the federal reserve for substantial work executing 13 unique lending facilities. for the third month in a row, a jobs report exceeded forecast with a gain of 1.8 million jobs in july. this brings a three-month total to more than 9 million jobs, meaning over 40% of jobs that were lost have been recovered. job openings and labor turnover surveys just the job market has continued to strengthen with the ratio of unemployed per

many programs rely on emergency lending powers that require the support of the treasury department and only in unusual circumstances. by serving as a backstop to keep credit markets our programs have significantly increased the extension of credit from private lenders. however the facilities are only that, a backstop. they are designed to support the functioning of private markets, not to replace them. more over these are lending not spending powers. many borrowers will benefit as will the over economy but for others a loan that could be difficult to repay might not be the answer and direct fiscal support may be needed. our economy will recover fully, we remain committed to using our full range of tools to support the economy fozar long as needed. thank you. >> thank you very much, chair powell. i now recognize myself for five minutes for questions i'm very appreciative, chair powell, of the explanations that you're given in anticipation of all of the questions that we have about maybe street and other facilities. earlier this month our committee held a hearing on the need for further

contact with the russians and now obviously with rudy giuliani dealing with somebody that the department of treasuryecently said this last week had been an agent of the government of russia and their intelligence services for over ten years and look at that pervasive pattern of contact. it is not without exaggeration that there is no president in modern history who has the same broad and deep connections to any foreign intel service and let alone a hostile government like russia. >> when you rdz the mueller report did you conclude no collusion? >> absolutely not. i concluded the opposite. >> my sense was when you look at it, mueller was focusing on violations of the law and the standard to be able to establish in a courtroom this something occurred is very, very different from the intelligence person and judge whether or not there was a concern. when i read the intel committee report almost 1,000 pages laying out all of these areas of intelligen intelligence connections between trump and his campaign in russia, that's extremely concerning from the counter intelligence concern because a relationship

demonstrated as of last week in an official statement by the united states government and the department of treasuryagent, what the hell is going on here? of course to see rudy giuliani running around with the same guy and reporters from oe and making documentaries about unearthing the truth about joe biden. again, sitting across the coffee table from this active russian agent nothing that anybody should tolerate. [multiple speakers] >> last question, would you have given defense everything or would you of open counterintelligence investigation? >> i think it depends on the context of what he knew or should have known in the context of what he was meeting, i can envision scenarios i would've given defense briefing or information he knew better or some sort of other illicit activity might've gone another way. >> you answered all my questions. [laughter] thank you for taking the time. >> of course, thanks for talking with me. >> this program is available as a podcast, all "after words" programs can be viewed on our website on booktv.org. >> you are watching booktv on c-span2. every weekend with the la

the financial system cities diligence and filing suspicious activity reports with the us department of the treasury when appropriate given the confidential nature of these reports we did not comment on will confirm any particular report transaction now some argue that these words are not convince and given that the us government especially has been pushing banks to reform for years now they've been fining them millions of dollars they've been threatening them with criminal charges so the fencing files show how these bikes just transaction off to transactions have been violating those promises of good behavior and really given this leak is also thought to be just the tip of the iceberg and account for a point 2 percent of the total reports filed you know we all remember how painful how damaging the 2008 crash was we all hoped that that would somehow trigger change but really this latest leak you know the internationality of it the number of banks involved the astonishing the psalms the source of some of that cash really unfortunately is testament to how when it comes to money no matter how dirty it

upside down soon i was joined by representative taylor and over 100 of our colleagues requests department of treasury and federal reserve you are gently consider targeting economic support to bridge the temporary liquidity deficiencies facing commercial real estate created by the unforeseen crisis we believe that this is still due to federal reserve has the ability to bridge the gap to various facilities to help many businesses survive the economic disruption the federal reserve released an update on the main street lending program stating that condition do not warrant checking of this to allow it do y'all care to comment on that >> first, lets me say chair powell and i both agree with you that the commercial real estate market has an issue. i just want to clarify, when people talk about asset based lending, they traditionally don't include real estate in that the real estate market is its own market so that wouldn't necessarily be part of an asset based program. there are structural problems. i know some people in the house tried to work on a proposal of preferred equity so that it could be going be

department of the treasury when appropriate given the confidential nature of these reports we do not comment on or confirm any particular report or transaction now some argue that these words are not convinced and given that the u.s. government especially has been pushing banks to reform for years now they've been fining them millions of dollars they've been threatening them with criminal charges so defensive files show how these banks just transaction after transactions have been violating all of those promises of good behavior. and that's the way the week looks in the headlines reported by us to you thanks for watching this program live from moscow this sunday covered on the team wishing you a great rest of the week. it was a very nice show from president putin that i could have said no thank you or i could have said thank you and i said i'll take it and now it's time to introduce my. mr don't travel thank you says the dream much was the. name whatever you want to name i mean i don't know how would i come that news that's dishonest tell of our combat or recorder or network that's t

department of the treasury when appropriate given the confidential nature of these reports we do not comment on or confirm any particular report or transaction now some argue that these words are not convinced and given that the u.s. government especially has been pushing banks to reform for years now they've been fining them millions of dollars they've been threatening them with criminal charges so the fence some files show how these banks just transaction after transactions have been violating all of those promises of good behavior well that's the way the way it looks in the headlines reported by us to you if you want to know what's happening right now check it out see the systems at the moment at 28 minutes past moscow time this sunday kevin 0 inciting off for me and the rest that we wish you a great rest of the week. birdsall and it. will feel good but so. look every does that mean. you're searching for the remote if you did. you fear of. god so. can a. lot of you believe that there can. be different in. the midst of them run them sick. welcome to everyone to this special. friend

department of the treasury when appropriate given the confidential nature of these reports we did not comment on or confirm any particular report transaction now some argue that these words are not convinced and given that the u.s. government especially has been pushing banks to reform for years now they've been fining them millions of dollars they've been threatening them with criminal charges so the fence and files show how these bikes just transaction off to transactions been violating those promises of good behavior. how does the way that we globe to my head lunch reported by us to you thank you for watching this program here in moscow this sunday it's kevin 0 in on the rest of the morning team wishing you a great rest of the weekend. is your media a reflection of reality. in a world transformed. what will make you feel safe. isolation whole community. are you going the right way or are you being led. direct. what is true what is faith. in the world corrupted you need to descend. to join us in the depths. or a maybe in the shallows. that are owed to the birds or is there a part wh

department of the treasury when appropriate given the confidential nature of these reports we do not comment on or confirm any particular report transaction. now some would say that these words ring hollow when we think that the u.s. government especially has been pushing for banks to reform 3 years fine in the millions threatening criminal charges but the finance and files show that these banks just transaction after transaction violated all those promises of good behavior especially when it's thought that this is just the tip of the iceberg and these leaks account for just point nort 2 percent of the total you know i think we all remember how damaging how painful the 2008 crash was we hoped that change and banks would come but really this may to sleet the internationality of it the psalms mention of peace of these sums and also of course the number of banks involved really unfortunate is testament to how when it comes to money no matter how it is often nor and morality is just left at the wayside and we might have never known breaking that down for us thank you. world leaders have

department of the treasury when appropriate given the confidential nature of these reports we do not comment on or confirm any particular report or transaction now some argue that these words are not convincing given that the u.s. government especially has been pushing banks to reform 3 years now they've been fining them millions of dollars they've been threatening them with criminal charges so the defense in files show how these banks just transaction after transactions have been violating all of those promises of good behavior. and that's the way the way gloves in the headlines as reported by us to you thanks ever so much for watching this program here in moscow this early sunday morning as kevin i was starting off unnerves with the morning team wishing you a great rest of this week. it's sort of amazing country with so many friends in russia and i'm very excited to be here. i love that idea i think i can do. different eyes to make a lot of money with the same millions and hundreds of me. here is the nice what. a great wall and nobody feels a lot better than me believe me and i'll

department of the treasury when appropriate given the confidential nature of these reports we do not comment on or confirm any particular reports or transaction now some argue that these was not convinced and given that the u.s. government especially has been pushing banks to reform for years now they've been fining them millions of dollars they've been threatening them with criminal charges so the fence and file show how these banks just transaction off to transactions being violating all of those promises of good behavior you know that song news rough for the week so far flung so watching wherever you didn't have a great weekend. join me every 1st week on the alex simon short and i'll be speaking to get a feel of the world of politics or business i'm show business i'll see you then. always be polite never engage with a negative a good or confrontational. don't get into any conversation or start answering questions just ask for an attorney. tara geishas. definitely don't want to. jump. you're more likely to walk free if you're rich guilty or if you're poor and. you've got 2 eyes 2 e