the f.c.c.'s technical advisory committee suggested the old legacy networks be retired by 20115 and the f.c.c. should set a date for their retirement. my company thinks it will take until 2020 to accomplish that and even then it will require a maximum effort on our part. in the meantime, we have asked the f.c.c. to conduct industry-wide trials. we have conducted 200-some wire centers. we feel trials are critical. as careful as our planning is, no one can anticipate every issue that may arise when we transition off the legacy wireline infrastructure. trials will help us learn while we still have a safety net in place. as we learn, all of us -- industry, government, customers and stakeholders, can then work together over the coming years to address any problems we find. this leads to my final point, which is the overall frame work of values and principles toll guide us to all i.p. networks. in that regard, our friends and colleagues in the public interest community have i think served us very well.

morgan didn't do that at least according to the f.c.c. but the funds themselves were they were they were abiding by the strict letter of the law at least according to the law so is it ethical that's another consideration but you know if you're a pension fund and you were buying these c.d.o. maybe you should just get fired in the first but. now let's get back to him for heights and magna charta capital is it wrong for a management company to ask for tax cuts because frankly that doesn't seem like something that's all that ethically grey it seems like a fair thing for a management company to do what my understanding is it's the first thing a lot of these management companies do and while the company itself because it owns one in eleven homes as you said probably has a considerable considerable amount of clout is it unethical to ask for this and use its a little bit of muscle to get it through it's common in the industry i think is your understanding as well right now we mentioned some of the largest players are private equity firms and in f

won't let you howard stern is not with the f.c.c. as was sirius radio we could use his radio show to be our platform to the united states of america and it would cost us zero in money i find it obscene my father once said to me when i was sixteen a world war two vet he said you know all politicians are crooks i said come on dad you can't make a blanket statement like that how do you know that he said easy he said they pay a million dollars for a job that only pays one hundred grand. about that a moment one might have had no one in the private sector would ever pay more money for a job than what they're going to earn that's the status quo except for jesse ventura when i ran for governor of minnesota i only raised three hundred thousand dollars and i made four hundred eighty thousand my four years in office authored twenty thousand a year so i actually made more money doing the job than what i spent to get it so if my father would have been still alive. he could say by shawn is not a crook everyone you heard of everyone needs to get ho

but since the f.c.c. couldn't be bothered to sort out the insider trading for the federal reserve system they certainly weren't going to straighten out the bonds in the world bank so i bought a world bank bond and i sued under the securities laws and i also went to each and every attorney general in the states and i told the states that they were responsible for making sure that there was accurate financial information going to the bond holders in their states and i also went to the international organization of securities commissioners so the world bank has got to be brought into compliance and there has to be transparency in the capital markets and the insider trading of the federal reserve system is going to be history in short order but do you feel safe after all these leaks i mean you were fired. well you know i've been working with some very wonderful whistleblowers in particular i'd like to mention mark novitsky who's been reporting about insider trading and inaccurate financial reporting for telet

for example twenty two separate people voting on it seven fed governors five commissioners of the f.c.c. five commissioners of the c.f.d. see it is unclear when it will be now eugene scalia son of supreme court justice antonin scalia he is known for being a quote absolute bulldog on frank and wall street secret weapon question is how much power does he really have he has a lobbyist and he's a powerful one an. attorney as well but how much power does he really have and how much damage has he done enormous damage in bringing cases based on any little nit he can find his biggest success is to point out deficiencies in what's called cost benefit analysis now agencies don't really have to do a cost benefit analysis but they do and he ran into a judge a guy named ginsberg who famously failed to make this. court because because he was partaking of some controlled substances but he he wrote an opinion that's called business roundtable for short which said that the cost benefit analysis of an f.c.c. rule we can go into some detail was deficient and threw it out that not only freaked out the secu

morgan was fined one hundred fifty three million dollars by the f.c.c. for selling a portfolio of securitized mortgages which magnetar helped to create and according to allegations was designed to fail now this is very similar to what billionaire john paulson accomplished the paulson short with the help of goldman sachs now here's what senator carl levin had to say about these types of deals. about the fact that you show hundreds of millions of that deal after your people knew it was your. are you ill you sold a customer something i don't recall selling hundreds of millions of the deal after that. now joining me to discuss as always bob and wish now bob a lower hello hello this is about the ethics and we do what i do have you time now person for most is it fair to compare the tarp to the more famous paulson paulson fund and ethically and what are the implications behind you know basically betting on something that you helped designed to fail i mean it's a simple ethical question but your ethics and wall street we can get into a long discussion you're rig

steal or wall street meets main street fifteen months after the jobs act was passed wednesday the f.c.c. finally proposed a rule to make equity crowdfunding available to so-called unsophisticated investors not surprisingly controversy about filmmaker spike lee appeared on bloomberg and didn't seem to appreciate his hosts connotation that he has enough money not to. check this out. that's what many are saying to spike lee they call on the famed director to end his new kickstarter campaign that you don't now kickstarter the web that helped. her get out there. that is why we. should grin and we will make it people a story about her so you know you hate it like get it done i am here. for trish but opponents of the job act and its new crowdfunding rules simply say it's ripe for fraud and abuse here's what self professed white collar criminal sam antara told us. all even get me started on that ok we are going to but i would love the jobs act i love the jobs act to go back into crime or it will definitely get into the next. joining me now is bob how you doing today why did you have to like thi

we did ask the f.c.c. would they please agree not to take enforcement actions against j.p. morgan for things that happened at bear which of course they couldn't do outright but they did say they take into consideration the circumstances in which the transaction took place now bob what do you think about this i think what they were getting was a wink and a message that yes the f.c.c. is going to play ball everybody at the time love j.p. morgan you know diamond was going to the white house he was having dinner with the new york fed president he was beloved he was seen as the leader of the fortress balance sheet that nobody else really had at the time so yes i think he was given under the table lincoln in the understanding that yes we're not going to go after you but of course things turned don't they we didn't think we'd have five years observe and i'm sure jamie dimon didn't think he would be answering for bear stearns and washington mutual losses but hey. ferris there are now shifting gears a little bit but still keeping with the same j.p. morgan theme the bank just sold it

to kids but it's just made industry chief lobbyist thomas wheeler head of the regulate itself the f.c.c. form of ministration official calls it another astonishing conflict of interest so the doctors who want terence the least informed of cell phone dangers to their kids say they aren't holding their breath seek truth from facts this is the truth as they go. down. little. between two and three hundred. so you can act like they're not here and keep kids away from them. you know teaches them a lot of folks ability and see. if we can do it for our children future. may disagree. but i believe america is exceptional. elsewhere to. enter. the. season. at one time i saved money to hire a hitman to shoot me dead from the next building or through the open window. i searched through the internet typing things like i'm looking for you i'm waiting for you i wrote i'm waiting for you i'm looking for you i didn't care at all what this man would be like deprived disabled a will. with you know you want the battery is right. i love everything about him i have grown to love every hair everyone interestin

to kids but it's just made industry chief lobbyist thomas wheeler head of the regulator itself the f.c.c. form of ministration official calls it another astonishing conflict of interest so doctors who want terence the least informed of cell phone dangers to their kids say they aren't holding their breath seek truth from facts this is the truth as they go . i think. we're going to go digital the price is the only industry specifically mentioned in the constitution and. that's because a free and open process is critical to our democracy albus. role. in fact the single biggest threat facing our nation today is the corporate takeover of our government and across the cynical we've been a hydrogen why handful of transnational corporations that will profit by destroying what our founding fathers one still just my job market and on this show we reveal the big picture of what's actually going on in the world we go beyond identifying the problem tracks and rational debate and a real discussion of critical issues facing america to find her job ready to join the movement then walk a little bit of. s

to kids but it's just made industry chief lobbyist thomas wheeler head of the regulates itself the f.c.c. form of ministration official calls it another astonishing conflict of interest so doctors who want parents the least informed of cell phone dangers to their kids say they are holding their breath seek truth from facts this is the truth the. real damage and complexity of this oil spill is not something you can grasp just by looking at dirty birds we have between four to five million people in this directly affected area of the coast and it's pretty clear why it's not being reported because b.p. can't afford to have a reported all along the gulf coast are clean they are safe and they're open for business if b.p. is the single largest oil contributor to the pentagon the us war machine is heavily reliant upon b.p. and their oil. bill this is a huge step backwards for the marker see it's a step forward. corrects it is toxic is a look a lot like spraying in vietnam it was it was not a picture that either the government or b.p. really wanted to have out there i don't want dispersants to be

to kids but it's just made industry chief lobbyist thomas wheeler head of the regulator itself the f.c.c. form of ministration official calls it another astonishing conflict of interest so doctors who want terence the least informed of cell phone dangers to their kids say they aren't holding their breath seek truth from facts this is the truth they go. down. child. more. pain for the young girls camel for the future han are. between two and three hundred million guns the united states so you can act like they're not here and keep kids away from them. the process out is a long term you know i mean this teaches them a lot of rubbish sponsibility and simply come to paint through the eyes of children if we can't do it for our children for our future what is the country the foam. real damage and complexity of this oil spill was not something you can grasp just by looking at dirty birds we have between four to five million people in this directly affected area of the coast and it's pretty clear why it's not being reported because b.p. can't afford to have a reported all along the gulf coast ar

in 2,000, bill bradley petitioned the f.c.c. to allow credit cards over the internet. but, it was the dean campaign that really embraced it and just blew it wide open. >> you have a quote in the end of big, and you say, that nobody in washington, d.c. took the internet seriously, so it was allowed to happen by the time anybody noticed it had already won. what does that mean? >> so, one of the reasons i had worked in washington, d.c. at a number of nonprofit in the political space including common cause, and one of the reasons i werpbt to work for howard dean, that year he was the only presidential candidate whose headquarters was not in washington, d.c.. inside washington, d.c. there was a wisdom how you went about running and winning a national presidential calmpaign and the internet didn't figure into that. raise money in $2,000 chunks and spend most of it on negative advertising on television. that was the model. joining the dean exam pain where he didn't have a national list of donors to tap and a long established mail program, he made it as a candidate to find a t

thousand and nine associated in my case against teletech i found out that there was a hot line into the f.c.c. the security exchange commission to stop or stall investigations and that this had in fact happened to me so what i want to congress and told them first in two thousand and seven. about this hotline and i showed them the evidence. you know then we had i warned about the two thousand and eight financial collapse hundreds and thousands of people actually warned about the two thousand and five and nothing happened because again your earlier conversations about their needing to be a crisis and you know the concept that i think it was a my rothchild who said that the best time to buy is when there's blood in the streets and so we create to describe this crisis and these bubbles. you know and bubbles are built to explode and then you know we start the whole process over again but. what we need to do with whistleblowers and this was a promise that president obama made when he was a senator and when he was a candidate that whistleblowers represent the best of the united states of america and

to kids but it's just made industry chief lobbyist thomas wheeler head of the regulates itself the f.c.c. form of ministration official calls it a no there are still missing conflict of interest so the doctors who want terence the least informed of cell phone dangers to their kids say they aren't holding their breath seek truth from facts this is the truth as they go. down. you. paint the young girls. all four of the future harder. between two and three hundred million guns the united states so you can act like they're not here and keep kids away from them. the pass' that is they lawyer you know i mean this teaches them a lot of for us both ability to simply come to pay through the eyes of children if we can't do it for our children move for our future. as the country will save. his real journalism a thing of the past and much of the western world in the name of security challenging the official media message of elites is often met with serious threats and reprisals whistleblowers are damned in need to feel superior consequences what we may need is a deafening echo chamber warning all to

said to be on the ropes as well not a good day for battista and meanwhile brazil's version of the f.c.c. known as the c b m is looking into violations of disclosure rules as well tough to be battista well there you have it those are some of the top stories making headlines this thursday october thirty first happy always by the way. now as we mentioned but spectacular empire building fail left bondholders looking at a tremendous financial loss losses which included a five hundred million dollars stake invested by the ontario teachers' pension fund one of the larger pension funds around now controversy surrounding pension fund investment allocation and alleged mismanagement has been a divisive topic lately and i had the pleasure of sitting down with matt tell you the rolling stone contributing editor to discuss this very issue i started by asking him if avoiding alternative investment platforms all together may be the best move for pension funds. i just think that there should be a proper balance and i think that the fees should be reasonable and they should be fully disclosed i think tho

that settlement with the f.c.c. talked about a fire they wanted so much to patrol that as a sarbanes oxley when and they didn't use any sarbanes oxley legislation in order to go after either the executives individually the audit firm or anybody else that was involved again j.p. morgan paid a fine like they'll do in a settlement that they're talking about now it may seem like a big number to us but it's just a cost of doing business and i'll keep going on. it seems to me that of all the frauds that the rating agency the banks the fund managers the hedge funds the glue that keeps them all together are these big four accounting firms they're really at the nexus of this global fraud wave your thoughts really they're supposed to be the guardians of the shareholders and the capital markets and he said there but playing both sides and the one that's losing is the shareholders taxpayers now have to pay for the bailouts when these firms stale and the firms are giving us no warning that they're even near him saw them see or i

or the f.c.c. or these other regulators are in the pocket of jamie diamond i'm afraid that will end up for naught but as a little said you know it was fraud that was more the bigger danger to your economy because it. rives out the good the good business person the person trying to do an honest living whereas if the knave is able to commit fraud after fraud after fraud after fraud after fraud after fraud and then go to the justice department for a personal meeting lord knows it could have been a bandar blair sort of situation was he threatening him who knows what happened and transpired in that meeting now john mccain said your personal meeting with the c.e.o. of the corporate target of a major criminal investigation at the request of the c.e.o. while negotiations on a global settlement agreement are pending is highly unusual and under the circumstances that meeting occurred gives rise to concern well i'm in the crimea genic nature of business in america as william k. black would describe it former

morgan was fined one hundred fifty three million dollars by the f.c.c. for selling a portfolio of securitized mortgages which magnetar helped to create and according to allegheny.

or the f.c.c. or these other regulators are in the pocket of jamie diamond i'm afraid that will end up for naught but as the little said you know it was fraud that was more the bigger danger to your economy because it drives out the good the good business person the person trying to do an honest living whereas if the knave is able to commit fraud after fraud after fraud after fraud after fraud after fraud and then go to the justice department for a personal meeting lord knows it could have been a bandar blair sort of situation was he threatening him who knows what happened and transpired in that meeting now john mccain said your personal meeting with the c.e.o. of the corporate target of a major criminal investigation at the request of the c.e.o. while negotiations on a global settlement agreement are pending is highly unusual and under the circumstances that meeting occurred gives rise to concern well i mean the crime in a genic nature of business in america as william k. black would describe it f

that settlement with the f.c.c. talk about a farce they wanted so much to patrol that as a sarbanes oxley when and they didn't use any sarbanes oxley legislation in order to go after either the executives individually the audit firm or anybody else that was involved again j.p. morgan paid a fine like they'll do in a settlement that they're talking about now it may seem like a big number to us but it's just a cost of doing business and i'll keep going on. it seems to me that of all the frauds that the rating agency the banks the fund managers the hedge funds the glue that keeps them all together are these big four accounting firms they're really at the nexus of this global fraud wave your thoughts. really they're supposed to be the guardians of the shareholders and the capital markets and instead they're playing playing both sides and the one that's losing is the shareholders taxpayers now have to pay for the bailouts when these firms dale and the firms are giving us no warning that they're even nearing insolvency or

but clearly f.c.c. we're not watching porn in the united states they're bending over backwards to help guys like jamie diamond and lloyd blankfein who are just serial a law breakers and criminals but here in this country there's been a campaign to move your money and this is happened here it happened in the united states people decided no one had taken money i was too big for the too big to fail banks the big four here in the u.k. and put into a co-op bank and then a co-op bank because of being attacked by these banks you know they tack it they look through a full of loans they force it into problems then now the hedge funds have bought co-op bank so. it is is are so that the bank now has is felt owned by hedge funds what has what are your thoughts well you know the unique feature about co-op is that it was originally founded to be a social bank and a social bank means the if you're going to allow a bank to create all of our money and if the banks are directing all the flow of all money then why not hav