yeah the f.c.c. is a protectionist racket they protect fraudsters that's as we documented on this show for years and has been documented around the world there's no a quick question about it they're they aid in this fraud and the size of the deals are now getting to the point where it will capsize the global economy once again and the pension funds of course are where people go to dump their toxic debt and those people's retirements will be obliterated and they're already quite harmed through low interest rates that enable the packaging of these things you know i talk about how when i started on wall street the early one nine hundred eighty s. there was a lot of behavior that was dubious that that was on the line or crossing the line of what's legal and not legal and as i've pointed out what regulators did was that they changed the law to make what was illegal legal this is another variation on the c.d.o. crisis which is a variation on the savings and loan crisis is the same crisis is the same scam i

the f.c.c. he was a. prize and we see that time and time again and telecommunication the industry has a lot of sway when it comes to the f.c.c. . and really important that the f.c.c. has a consumer outlook and looks at what's best for citizens and what's best for actual internet users and what's best for us and right and he and real quickly what can viewers who are concerned about this considering it something which will impact all of them do so they should go for it and submit a comment the f.c.c. and tell them why it is important and it shall be if they do you have specifically regulations are protections are which is the protections that came through the twenty fifteen open internet order so you can go to battle for the net dot com things better than that and submit a comment there and tell the f.c.c. why you care all right net neutrality campaign director katie anderson of open media thanks a lot thanks so much a federal court in san francisco has resurrected it decade long lawsuit to block constructi

the f.c.c. permitted that to as c. grow the cracks are spreading again so as are saying seventy five billion dollars worth of these t l o deals going up this year those are being done to pension funds the article points out later seventy five buildings and there's just one billion in and offerings in the crypto space as you see is we've got to protect people about this and we are going to crack down and make an example. in jail. if they protect that's. on the shelf that's been documented around the. equivocation about it they're. in the. top of the deals are now getting to the point where it will capsize the global economy once again the pension funds of course are where people dump their toxic debt and those people's retirement will be obliterated and they're already quite harmed through low interest rates they have a name all the packaging of these things you know i talk about how when i started the water in the early one nine hundred eighty s. there was a lot of behavior that i was dubious that. was across the line

securities market he sent a letter to the f.c.c. chairman in charge of cybersecurity asking for clarity about what certain trading venues need to notify the f.c.c. if they've had an intrusion what's the role he's referring to here. well federally there's been several breach laws that require companies and agencies to report certain things at certain times when they've been attacked and so is referring to one of the breached laws that are that are out there the concept is that we the public needs to know that if something's been broken into so that we know when our identifying information's been taken by some foreign government or some hacking company or service that's out there you know posting things in the dark net so these things are very important obviously for us to understand. the big picture because before the breach laws we never knew when these attacks occurred and how much information was actually. obtained and spread across the internet for other people to use but it's not every group i mean we know some groups are requir

securities market he sent a letter to the f.c.c. chairman in charge of cybersecurity asking for clarity about what certain trading venues need to notify the as he see if they've had an intrusion what's the role he's referring to here. well federally there's been several breach laws that require companies and agencies to report certain things at certain times when they've been attacked and so he's referring to one of the breached laws that are that are out there. the concept is that we the public needs to know that if something's been broken into so that we know when our identifying information's been taken by some foreign government or some hacking company or service that's out there you know posting things in the dark net so these things are very important obviously for us to understand the big picture because before the breach laws we never knew when these attacks occurred and how much information was actually. obtained and spread across the internet for other people to use but it's not every group i mean we know some groups are r

stories that are also in the headlines in the financial news and while we were gone of course the f.c.c. came out with a report about you know these i c o z's initial quote offerings in particular they mentioned the dow which is one of the or through the first smart contract the first i.c.a.o. essentially on the theory in block chain that all collapsed when a hacker stole some coins and that resulted in the split in theory i'm exactly a year ago so you know that was that as you see said that is a security and they're going to regulate it so the f.c.c. is crucial to the next story about regulating and these threats of regulation because the sea.

point that's the nature of power well you can win unless similarly say well it would mean while the f.c.c. is extent of the deadline for comments on is its plan to gut net neutrality by two more weeks that plan is already the most commented plan in f.c.c. history and once it's finalized it'll suck the american internet back decades meanwhile out in longmont colorado residents are already enjoying the internet of the future longmont is now in the internet business and almost every home in the city has access we want people who take it is much for granted is the do flipping a light switch on in their house. longmont next light in a civil broadband service costs just sixty dollars a month for internet speeds of one gig that's one thousand megabytes per second is the time to recognize the internet as part of our commons and protected and distributed to you know widely available to everybody like longmont has done media i totally agree and i just came back from south korea you get internet anywhere people have it up in the remotest areas and it's wicked it is so fast so we are behind. i mean i

households for context this deal was announced just months after the f.c.c. changed its rules to make it easier for television media companies to consolidate used to be that they couldn't know no company could reach more than thirty nine percent of americans it almost seems like that move was payback to sinclair for being so consistently pro trump on the campaign trail is corporate media and a federal to democracy. not that i'm a big well either i don't i'm not sure what the first of all i think this is bigger than sinclair himself but what trump and his cronies are doing is they're moving us further into an autocratic government that is control he wants to control the message and clearly this is very interesting clearly he wants to create his own fake news and normal law he's doing he's doing something he was yellow he's already i was taking part but i'm talking about with this with this with this simpler thing claire situation you know when all these television stations are going to be like spewing the trump propaganda in millions and millions of more homes

the f.c.c. sees these morgan stanley bankers as good guys they're good guys who made a mistake we're not going to prosecute good guys because these these f.c.c. prosecutors these. federal prosecutors they're playing tennis with morgan stanley and goldman sachs guys after work every day they're good guys they're my friends oh these big point kids they're the bad guys that's that's what it comes out to that's not fair it's not a conspiracy where you're standing there going you studying is the fact if we're going to play favorites here and these some of these banks have whittled away into the system a systemically vital that they are beyond prosecution and john titus has a fair trial there the other side all the plaza peter jump to the other side will soon my case is over he's now in a criminal defense lawyer ok so when i tell her you've got to reinvent yourself and you're done a lot in the space and you are promoting crypto and it's something that is near and dear to your heart and of course and i

the f.c.c. sees these morgan stanley bankers as good guys they're good guys who made a mistake we're not going to prosecute good guys because these these f.c.c. prosecutors these. federal prosecutors they're playing tennis with morgan stanley and goldman sachs guys after work every day they're good guys they're my friends oh these big kids they're the bad guys that's what it comes down to that's not fair it's not a conspiracy where you're standing there going you stating is the player to play favorites and these are some of these banks have whittled away into the system a systemically vital that they're beyond prosecution and john titus as if it's something on the other side all the plaza peter jump to the other side or soon as my case is over he's now a criminal defense lawyer ok so when i tell her you've got to reinvent yourself and you're done a lot of the space and you are promoting crypto and it's something that is near and dear to your heart and of course and it's a revolutionary technolog

the f.c.c. sees these morgan stanley bankers as good guys they're good guys who made a mistake we're not going to prosecute good guys because these these f.c.c. prosecutors these. federal prosecutors they're playing tennis with morgan stanley and goldman sachs guys after work every day they're good guys they're my friends oh these big kids they're the bad guys so that's that's what it comes down to that's not fair it's not a conspiracy where you're standing there going you stating is the fact a player to play favorites and these some of these banks have whittled away into the system a systemically vital that they're beyond prosecution and john titus says if they don't there are the other side all the plaza peter jump to the other side or soon as my case is over he's now a criminal defense lawyer ok so when i tell her you've got to reinvent yourself and you're done a lot of the space and you are promoting crypto and it's something that is near and dear to your heart and of course and it's a revol

the f.c.c. sees these morgan stanley bankers as good guys they're good guys who made a mistake we're not going to prosecute good guys because these these f.c.c. prosecutors these. federal prosecutors they're playing tennis with morgan stanley and goldman sachs guys after work every day they're good guys they're my friends oh these big point kids they're the bad guys that's that's what it comes down to that's not fair it's not a conspiracy where you're standing there going you studying is the fact if we're going to play favorites and these some of these banks have whittled away into the system a systemically vital that they're beyond prosecution and john titus says if they don't there the other side all the plaza peter jump to the other side or soon as my case is over he's now a criminal defense lawyer ok so when i tell her you've got to reinvent yourself and you're done a lot of the space and you are promoting crypto and it's something that is near and dear to your heart and of course and it's a

inclined to lead an auto insurance scandal and securing cyberspace a government watchdog says the f.c.c. is not properly tracking its networks how hackers could take advantage and social media shame wouldn't it be nice if those embarrassing post disappeared for good it could be your lucky day if you live in one specific part of the world. starts right now. wells fargo might be facing more sanctions over a scandal we brought you about a week ago the banks reputation is already in the gutter over last year's sales scandal were to open more than two million customer accounts for which it paid one hundred eighty five million dollars in a settlement with the office of the comptroller of the currency or o.c.c. and on friday its stock fell one percent over news the company may find a significant increase in the number of unauthorized accounts involved but in its latest misconduct totally unrelated to the first a new internal review found that more than half a million clients may have been improperly charged for unwanted car insurance wells fargo is already in the process of issuing customer re

criticized as vulnerable to money laundering and terrorist financing due to its anonymity in the us the f.c.c. announced recently that securities laws may apply to the sale of digital coins and if there was a significant drop in i.c.l. funding it could drive the price down since most investors have to convert their currency to bitcoin even if it's known for its volatility that coin has been gradually making its way to popularity and legitimacy which explains the increase in proposed for it deletions. let's talk about some of these regulations what are u.s. lawmakers proposing when it comes to crypto currencies while there are a lot of proposals but most recently earlier this month president trump side to do sanctions bill against iran north korea russia and so on but in that bill they slip in the mandate that didn't really get much attention at first that targets cryptocurrency and bitcoin advocates are very frustrated with it because they see it as the beginning of a sort of silent war on coins so in this bill it calls for a discussion of and data recording trends in a list of finance includ

chamber of commerce has been captured by the corporations similar to the regulatory capture with the f.c.c. and and ferkin so many others it's become you know a corporate totalitarian state in a lot of ways. speaking of corporate crime and white collar crime that's pretty much what your new book deals with law and vengeance which is getting great reviews what did you draw from to write this this new thriller is it is it experiences from your own cases. yeah just like the first book i came out with long disorder it's a series of books. go before in the series this book is based on real world things white collar criminals united states have been operating under this wild west mentality where they can lie they can cheat they can steal their way to financial success while never having to worry about the possibility going to prison but all of a sudden that's one of the theme this pivotal in law of vengeance but in the united states we've had this way that even though we don't prosecute white collar criminals we've had a way of going after them through what we call false claims act or whistleblo

financial conduct authority which is sort of britain's version of the f.c.c. . their chief about two weeks ago sky and your billy came out with a series of statements about the future of live for and why in the process of doing that. will you let slip he said actually several times that one of the things they discovered as they were investigating live or was that the way you put it was that there was an absence of underlying markets. and what what that basically means is that live poor has been kind of based on its fiction. because it's supposed to represent. an estimate of how how much it would costs for banks to trade with each other to lend with each other but what he was saying was that banks haven't been tricked lending to each other. and this is this basically means that interest rates have been based i guess or you know god knows how many years that's incredible. you know so it's like but what was what the difference between that notion and the original scandal that broke basically like five years ago now that the idea was they are being manipulated artif

the f.c.c. you name it the yes trimmed for corporations to now take what should be regulatory folks that are overlooking and trying to protect consumers in landowners in this situation property owners but we see corporate america make it such huge inroads to really destroy all those possibilities and this is a bliss is playing right in front of us what do the residents affected by the seizure arguing about this lawsuit i mean they basically want this government to put a stop to it they say what you're doing what you're allowing is not constitutionally sound you are violating our rights and we want to put a stop to it and so basically right now they're in the process of evaluating the merits of this case and deciding it can move forward or not and you make a great point if it weren't for these trial lawyers bringing this to their attention and arguing the constitution it's almost become standard business it's become the way they do business their quid pro quo a company comes and says well providi

of the f.c.c. is out protecting and what is your take on. that is absolutely you know it's we've seen this in full swing for the last seventeen years really where either the people running these regulatory agencies came from industry or once they leave there they go right in the end astri they're not there to hold people accountable they're not there to do their jobs they're making job connections they're trying to meet people that they know they can send a resume to once they leave office instead of somebody that they can send a fine or a subpoena to while they're serving this country they're not doing what they're supposed to do and they're worried about their own career and longevity and yet there they actually call these positions career holding place career holding place really quickly what are the funds that we pool from what are the important funds that we're seeing differences with the big thing is that we need these fines this isn't just about we want to take your money we use those fines to clean up the water to clean up the air to

and it doesn't look good for lawmakers that support the f.c.c. chair as current proposal right let's talk about this this hearing being delayed a trade association made some interesting comments about this well what did that groups so encompass which is a trade association association that represents a lot of these groups which is also pro net neutrality. published a statement regarding you know that the delaying of this hearing and they basically said if these proposals were to be enacted it would go the way of what has become of the cable industry right and we know how frustrated many americans are with their cable providers and they're saying listen if you implement these rules it could be really frustrating for customers and executives alike ok thank you very much. on august twenty eighth the new york state department of financial services kicked off strict new requirements for banks and financial service companies in the state of new york they are now mandated to create larger scale cyber security programs they're also required to hire a so-

is website for a new plan to gut net neutrality plan which trumps f.c.c.chair hi announced earlier this week would rip. peel the groundbreaking open internet rules put into place by the obama administration back in two thousand and fifteen those rules ban internet service providers like comcast or a t n t from key creating pay to play fast lanes and they also ban them from blocking content that might compete with them or that they don't like the american internet is now going to look a lot like china's but instead of the government blocking websites it'll be corporations and they'll be doing it for profit how are republicans really going to defend that so they're going to kind of ignore the issue like the. when they want to sell off your private your internet history to eyes you know eyes to providers with the same thing i do i'm very skeptical about this maneuver because we want to keep good net internet open and neutral we don't want to have corporations aside in this matter because they could be handed over to activist groups are and anybody they compla

. >> so when you talk about media ing the f.c.c.'s rules, how then do you look at the media market? how is that reflected? >> i think the media market if you talk to the average consumer, how are media they envisioning media, how are they digesting content, it's not just in a small segment of the old three major network channels. swath got a much wider of material that's heading towards their palate and they are digesting so much more from different sources. so my definition of a market is probably broader than some. i think the past commission failed in the respect that they viewed things that radio only, competing with radio and in some instances it was only fm road competing with fm road. everybody's fighting over the same eyeballs, the same attention, and dollars.

the f.c.c. and these regulatory agencies all the time bought and paid for by corporate america this is another example of it the f.d.a. anybody looking just just reviewing the documents that come directly from the file cabinets of j.j. just taking the time to sit through a jury trial and listen to the testimony that comes out that's all they'd have to do to do their job but they typically don't do their job because they have other reasons sweat we typically see as we see people working with the f.d.a. day one and then day three they're working for the very industry that they're supposed to be regulating it simply is a passage of money again and so the idea that regulators are looking out for us is the bigger. smith that we've that we promulgate in this country time and time again we see situations just like this f.d.a. letting johnson and johnson literally kill people with ovarian cancer and taking no action and you know what the worst thing about it is the mainstream media corporate media let t

the f.c.c. with their crypto currency in keeps coming back and saying look if you cannot protect investors we got nothing for you china as i mentioned earlier a very heavy handed approach but can you tell us a little more about this fascinating and heavy handed approach china is taking. the same concerns we do really and people might get ripped off in this. big scheme of things and the fact of the matter when it comes to trying to look sixty five i see ows this past year four hundred million dollars involved hundred five thousand investors i mean this is happening very rapidly and quickly and there's literally you know they're going to five star hotels people are renting out these huge rooms and they're packed with people wanting to invest into this game the fact of the matter is though that the chinese government saying look this is again something that we're not too sure about we don't want to see things like pyramid schemes popping up from because they know that there could be some type of il

the f.c.c., urging it to reform the universal service fund program. so it now counts for the digital area. most people that don't have a line to their phone have a way to get a phone in their hand now, but they don't have a way to get this important way to communicate and to compete. it's frustrating when we see the limited resources we have -- the government resources to put in into something like this to see this go to places where you are just creating another provider and more competition except the second provider has government money on their side to compete with the first provider who went in with their own money. you know, there's a big difference, mr. president, between unserved and any level of underserved. if you're unserved, like 69% of rural missourians, the idea that somebody else doesn't have enough competition in the place they live doesn't seem to make very much sense to you. but if there is a competitive marketplace and somebody else wants to compete and get the prices down,s t