so what do you think about this story here that the f.c.c. is the one that was has deleted files that is breaking the law by the way because according to the law they're supposed to save these files. for twenty five years you write in. to the idea that there is a criminal racket because the f.c.c. and the investment banks and the fund managers and the rating agencies and other aspects of government are cool looting to create this on the whole the racket of price manipulation and price fixing and extraction and siphoning of wealth for their own anger at the jeopardy of destroying society was their doing and only it also part partially explains max why obama keeps on saying we have to look forward because in fact there's no way to look back because all the records have been destroyed as darcy flynn the the whistleblower in this case said it pays a startling picture of a federal police force that is effectively been conquered by the financial criminals it is charged with investigating you know it's also remarkable is that the crash in interest r

and begin with like i mentioned the f.c.c. is now investigating it so it does feel like there are a lot of questions. right this isn't something we've seen before in the u.s. lose my memory and you miss in something you're going to egypt and this is something that you need it all the program that access to social networking sites or other other forms of communications media use asteroids and so this isn't going to keep people while to figure out the f.c.c. is looking at it it also could apply only if the first amendment it could violate that and will fournier constitution which also provides even broader free speech rights than the federal constitution does i'd be surprised if there weren't lawsuits here in chile my family i want to has been. a little mills is going to be covering the protesters you know bill and social we'll have some live reports from the scene and when it happens i think they're actually going to probably pull the plug this is a government agency they're not really that responsive to taxpayers and i think t

the markets to plummet both up and down so is there any hope for the market stabilize also is the f.c.c. responsible for the cover of hundreds of white collar crimes on wall street details of what republican senator chuck grassley is alleging against the securities and exchange commission. you need to know this another day another wild ride on wall street the stock market slid down four hundred nineteen points in trading today as investors continue to panic over economic conditions both in the united states and in europe this is just the latest day of chaos on wall street this month back in august on the august fourth the market plummeted five hundred twelve points then on august eighth after s. and p. downgraded our credit rating a market skidded out of control losing another six hundred thirty five points on august ninth volatility something market in the other direction surging up four hundred thirty points then back down on august tenth with a five hundred twenty point drop followed by the next day on august the love. with a four hundred twenty three point gain on wall street and he

being in the latest rolling stone asks is the f.c.c. covering up wall street crimes and your thoughts. yes because the economic model is a criminal mind oh so of course they're committing a crime so you have to ok so you say the economic model is a criminal model explore that a little bit in other words the banking system itself is basically a glorified con of these can correct well we have an economy that's opinion on war and organized crime and and you know part of the profit so that organized crime is part of what's keeping the whole economy going distance is the banking system it's every community in america so if you let me give it this way if the united nations says we're competing for four hundred billion dollars a year global money one true then then the financial centers to attract and many are wondering who the leaders ok let me follow up on this money laundering theme because walk over here now owned by wallace fargo which is owned in large part by warren buffett has just been fined two percent of one year's profits for laund

fighting back in the f.c.c. if you can investigate for why not only can. you know sometimes you see a story and it seems so you think you understand it and then you glimpse something else you hear or see some other part of it and realize everything you thought you knew you don't know i'm trying hard welcome to the big picture. early are broke. and yet. fuck fuck fuck. fuck. let's not forget that we live in apartheid right. i think either one is well. or never governor says they're into safe kids graduate because their freedom. now we've spoken at several times on the show about google plus is a new real name policy both its implications on your privacy and a way that changes social interaction and the public outcry has been so strong against a switch that it forced the google are to enact a grace period if in use there is a more time to switch over their accounts to coordinate with their real identity but to morrow it becomes official if you have not been filed to comply with the official google plus naming policy your account will be suspended now while l

economy max mattei because dani says as one former f.c.c.staffer describes it the agency is now filled with so many wall street hot shots come often best to get a bank that has been infected with the goldman mindset from within and the golden mindset max what is the golden mindset greed and suicide banking and bank until you kill yourself. that's the goldman mindset their suicide bankers the goldman sachs could be the aliens from outer space they could have spawned a banking parasite there eighty five broad street before they moved uptown and now they're they've they've made their way into all these right. sorry agencies there though there are the night of the living dead or i should say night of the living debt all right thank you hammer thanks so much for being on the kaiser report thank you max don't go away stay tuned much more coming away so stay right there. pretty three. four three. three. three. three. for your media project c.e.o. don carty john tom. i welcome back to the kaiser report i'm max keiser let's go to town to see and talk

people don't see it that way not to mention the legality of their move is being questioned as the f.c.c. has launched an investigation now anonymous also launched abare and over the weekend hacked the transit services website and leaked over two thousand user names e-mails and passwords and they say that's just the beginning and today at five pm pacific time they're scheduling another protest so could part shut down service again joining me to discuss this is declan mccullagh correspondent at c. net declan i want to thank you for joining us and first starters do you have any updates from that coast as to what might be going on in terms of this protest at five pm is it still on any chance the bart will actually dare to shut down cell service again. we see cell phone service. going again as you can tell from the back. office just a mile or so probably less than a mile from the protest site in the future expected. leader will report from it is supposed to happen in the minutes. do you think of they would actually go for the i mean i want to know your take on it whether it was illegal or no

i'm sorry the f.c.c. and not the f.c.c. eighteen to last this year and case there are limitations that this you know it is that that was a case that the arguably if you or i had taken that case probably were lost as well well i mean they want to be one of the appellate level i mean you know not to start not confined to the point that i was making is that we have corporations that have claimed first amendment rights successfully for the memorized privacy fifth member rights ready and self incrimination tobacconist business companies and fourteenth a member repeatedly for over one hundred years so you know at bottom line should corporations in your opinion have constitutional right as gets down to the actual one of the things you just said which is the fact that. this is been going on for over a hundred years i mean this is a this is longstanding supreme court case law the reasons for the. very simple creating this fiction that corporations are people and it's essentially what they call a legal fiction it's a framework that t

greed and our broken system today's example comes from the who are ports on document dumps at the f.c.c. and the congressional black caucus is asking its constituents to allow them to unleash on president obama going to examine the role between the first black president and the black community we're going to all of that and more for it and i including a dose of happy hour but first let's take a look at what the mainstream media has decided to make. well this morning the mainstream media took its eyes off of the campaign trail for just a brief moment to pass on an announcement from president obama the united states is calling for bashar al assad a designated supporter of terrorism to step down in a written statement the president says the syrian people should decide their country's future and the saw it is standing in their way it's all centers around as she says the slaughtering of unarmed civilians including children during those pro-democracy rallies in syria ok also. where do i even begin to hear the president announces that he's launching new sanctions against syria and he's calling

speaking of government and censorship issues, you had some comments about the f.c.c.' just bewildering actions, recently, involving eminem. for those of you who aren't familiar with it, it was two years ago that-- in 2000, actually-- in 2000 that the f.c.c. fined a radio station $7,000 for playing the uncensored version of eminem's the real slim shady. then after the bush administration took office, and michael powell became chair of the f.c.c., there came a new fine for a censored version, a cleaned-up version, a bleeped version of the real slim shady. then after people like you spoke out and said this is insane, they decided they weren't going to fine the radio station after all. what's going on there? well, i don't want to guess what they're thinking. i can only say that they didn't have any good legal right to stand on their ideals, and so they had to drop 'em, from what i can tell. that, i can assume, and i think that they were a little bit aggressive, and they--and they decided against their choice, and i think that it was going to be obvious that it was cultural

so all the f.c.c. tries to sort out the legality of the cell phone mess has become clear the people of san francisco are continuing to fight against police brutality and for their rights of free speech and assembly. now it's that technology the internet it's changing the way we interact with one another changing the way that we learn and changing the way that we remember last month a new study was released that show that thanks to the ability to have information available at our fingertips google searches we some consciously start storing away as much that as we used to we all forget things that we're confident we can find on life and we're more likely to remember the things that we think are unavailable online on top of that we're better able to remember where to find something on the internet but we are remembering the information itself so it's a reorganization of the way that we remember things doesn't mean that we're feeling super or just more efficient else added there's a recent study conducted

the f.c.c., the federal communications commission, also has to weigh in on this deal. both agencies, both the justice department and the f.c.c., have to approve the deal. so this is a big hurdle. we have to hear from the judge at the u.s. district court of the district of columbia on her decision on this case. but this is just one more step in the process. but a significant one. this is also politically in sending a message to the companies. the justice department really is making an unprecedented step, especially in this administration, when it has proved so many other mergers that's come before it, including comcast merger, joint venture with nbc universal, google's acquisition of a travel company by i.t.a.. this is the first time the justice department has made such an audacious move to block a energyer. >> suarez: i'm glad you mentioned the other mergers because in some of those cases the first salvo, if you will, was the justice department or the regulator in some cases the f.c.c. saying if you meet certain conditions then we can talk about the merger. >> that's r

now the f.c.c.oking at the agency's movements. >>> tonight the city council approved a plan to help the city hold on to money intended for the 49ers stadium project. the state has plans to eliminate all redevelopment agencies and in order to hold onto the company and accompanying property tax revenue the city plans to pay the state a fraction of the take. $11 million this year and nearly 3 million annually after that. >>> the circus is in town. eight asian elephants stepped off the circus train today in san jose. the members of the all female packaderm parade march madness their way to the hp pavilion where they will perform this week in what is known as the greatest show on earth. >> more than 100 kids from around the world are in the bay area tonight for a very special summer get away. these kids have gone through more than us could every imagine. sharon chin shows us how they were showered with affection when their planes rolled in. >> reporter: a v.i.p. welcome to s.f.o. for special passengers.

by law under the f.c.c. a company is not even allowed to have that much cash without paying a dividend so they're actually breaking the law on that front second of all this is actual cash on apple's balance sheet it's not the money so-called that's on the american government's balance sheet which is actually not hard cold cash it's a low grade debt which is still debt based which is not actual cash and the funny thing is that if apple were to transform itself to a bank like j.p. morgan they can leverage that eighty billion ten times over quite easily and be an eight hundred billion dollars balance sheet it would be almost a trillion dollar balance sheet on top of the company that's generating many hundreds of billions of dollars in sales but they keep the cash on their balance sheet not sure exactly what steve jobs strategy is there other than to weather some downturn but the hard cold bottom line fact is that if he brought those jobs back to america less cash you'd have more jobs in america and presumably more people in america able to buy apple products you know most of apple sells a

immediately canceling waves a rapid fire order justice department investigators are working with the f.c.c. to review practices that quote are potentially manipulative that's right it's a high speed looting high frequency trading high frequency looting every day goes on the alan greenspan of the world ben bernanke of the world the barack obama's of the world will say well that's how the economy works reading liquidity the system or making a market but yet when somebody down at the ghetto steals an i pod somehow that's morally abhorrent it's the exact same thing they're morally equivalent they have to decide cameron what kind of society they want to want to do want to go down a factory path and say there is no society we're just going to kill each other for the available few blocks of quid or do we have some kind of republic or some kind of civilization but you can't have both you can't have just one set of rules for your friends and another set of rules for the people who aren't from the same school that you want to know because there's two sets of laws there's two sets of rules there's tw