he wanted to detonate a bomb outside the federal reserve bank in new york. uilding where transactions from the nation's largest banks are process and a large reserve of gold is stored. he came to the u.s. on a student visa in january to study cybersecurity. authorities say it lasted just one semester. the f.b.i. started watching him after he tried setting up a terror cell using an online chat room and facebook. undercover agents then started working with nafis posing as al qaeda operatives. he told one agent is what i really mean is i don't want something that's like small. i just want something that's big, very big. his first target wall street. >> he goes to the new york stock exchange. he sees significant security there and he shifts his target to the term reserve bank. >> reporter: undercover agents helped nafis fill would he thought was a 1,000-pound bomb in a van but it was actually made of harmless materials. on wednesday morning he drove the van here to the federal reserve building. he was arrested when he tried to detonate the bomb from a nearby hote

s shifts his target to the federal reserve bank. >> and, of course, the federal reserve bank, home toon. and if this had been an a actual bomb, he could have killed a lot of people, authorities say. >> they had a lot of information on tape, his notes, including a videotape he made on his way to blow up the bank so we thought? >> prosecutors said he wanted to pull over to a hotel and asked to make a suicide tape which reads in part, "i just want something big, something very big that will shake the whole country and will make muslims one step closer to run the whole world." scary stuff. >> so is he giving us all these details. you know, the fbi has been following him. why didn't they make an earlier arrest? why wait until the 11th hour? >> it's not uncommon in the investigations to try to follow it through to see how far it will go. one thing the fbi always wants to do is to see are you working with other people? who else might he reach out to? and they are satisfied at this time that he was working by himse himself. that's what prosecutors say. as far as where he lived in his old neig

he was the federal reserve bank president. if you annihilated it you would affect the network of trading that goes on, the support, the support for the financial system which is the most crucial we have of the federal reserve banks. you can imagine how disruptive something like that would be to our financial system. the fell reserve these days is unenormous criticism for the quantitative easing orchestrated through the member banks that keep interest rates down. it is conceivable it would have disrupted the process if it was successful. i am moving afeel. the bigger issue is, the target, the locale, capitalism, and now to my guest. what do you make of this? >>guest: the terrorists figured out lower manhattan is the nerve center of money making in the western world. they hate the whole money making process they associate it with the power for us to dominate them or letten them. they associate it with a very unislamic way of thinking and associate it with the general conspiracy they see across the world. they are mistaken. if the

i decided to attack the federal reserve bank of new york, which is by far the largest by assets, most active by volume, and most influential of the 12 regional federal reserve banks." what kind of damage could have been done if he was able to achieve what he wanted to achieve? >> the damage is about the panic he sets across new york city and across america. we've seen this kind of plotting, obviously on 9/11, when they hit the world trade center, which wasn't just a building, it was the idea of american power. we saw plotting against banks after 9/11 by al qaeda. we saw al qaeda videos showing they had cased banks again in new york city. so they've thought about this repeatedly, not just as a way to damage a building, but as a way to destroy the american psychology that says, money is what makes america tick. >> and i should say, he's quoted by the fbi, in the fbi complaint against him, as saying that. let me clarify that. so what kind go ahead and just arrest him, when there was enough of a paper trail around what he was hoping to do, as opposed to letting the entire plot play out. >

the federal reserve bank of new york is vital to the nation's financial system. it is the clearing house for the transactions of the nation's largest banks. and the storage site of vast reserves of gold. senior correspondent john miller has been talking to his source at the foeb, and he has details of the plot and the suspect. >> reporter: quazi mohammad nafis came to the u.s. from bangledesh on a student visa to study at southeast missouri state university. he caught the f.b.i.'s attention allegedly in an extremist online chat room trying to form a terror cell. agents posing as al qaeda facilitators arranged a meeting with nafis, in which he allegedly laid out his plan to attack new york city. an f.b.i. affidavit alleges that nafis helped building a 1,000-pound bomb in a long island warehouse. in audio and videotaped conversations with an f.b.i. informant, nafis allegedly said he wanted to "destroy america" on behalf of al qaeda. according to the f.b.i., while planning the bombing, nafis told an undercover agent, "what i really mean is that i don't want something

compare the two economies that mervyn king at the bank of england ben bernanke at the bank federal reserve bank do they have autonomy with each other or is the bank of england really an apostle an underling of the bank and the federal reserve bank and speak a little bit about the u.k. ticket well there's certainly i think the key thing max is they're like minded you don't have to supposed to some kind of conspiracy or close cooperation the fact is mervyn king and ben bernanke come out of the same school the same so the new king c.n.n. and also the belief in the effectiveness of monetary policy in terms of money printing and stimulus all really does is create inflation doesn't get you anywhere at the end of the day but the fact that they're pursuing the same policy mervyn king the bank of england were pursuing a more aggressive quantitative easing program than the fed was and they were doing earlier the fed sort of catching up so they're both doing the same thing the main difference i see between the u.s. and the and the back of england is that if the u.s. gets into some kind of difficulty for s

says he tried to blow up the federal reserve bank in manhattan. thought he was blowing out it up. he raised red flags about a jihad posting. the f.b.i. made him think they were in on it with him. rick has new information from the newsroom. rick: the suspect is 21 years old. he has been charged with attempting to use a weapon of mass destruction. according to the f.b.i. in a video statement he made prior to trying to detonate the bomb he said we will not stop until we attain victory or martyrdom. they say according to the u.s. attorney, the defendant came to this country intent on conducting a terrorist attack on u.s. soil and worked with single-mined determination to carry out his plan, the defendant thought he was striking a blow to the american economy. >>judge napolitano: essentially, he is being punished or will be prosecuted, probably incarcerated for the rest of his life because of his thoughts. >>shepard: but there were actions this morning, a cell phone, a video. >>judge napolitano: if crime is defined as "harm" who was harmed? the taxpaye

are trying to determine whether a man accused of plotting to blow up the new york federal federal reserve bank acted alone. the plans included a 1,000- pound car bomb. however, the suspect didn't know he was working with undercover f.b.i. agents. we have more now from new york. >> reporter: outside the federal reserve bank of new york, there are no signs of extra security after the building was the target of an alleged terror plot. 21-year-old quazi nafis is accused of trying to blow up the building which holds a large reserve of gold. investigators looking to see if there were more people involved. >> what they're looking for are who did he tell, what did he tell them and when did they know it. >> reporter: he came to the united states on a student visa in january to study at southeast missouri state university. the f.b.i. says it started watching him in july after he tried setting up a terror cell online. that's when agents began a sting operation. >> he comes here with again the purpose of committing some sort of jihad here in the united states. >> reporter: on wednesday the f.b.i. says naf

the federal reserve bank as you know here in new york, wolf, has the largest stash of gold bullion in the world. back to you. >> susan, is it clear that this was -- that there was a political motivation, that this may have been al qaeda or al qaeda-inspired kind of terrorism that was involved? >> yes. that's what prosecutors say. that he was attempting to help al qaeda. that this was a terror plot in association with al qaeda according to prosecutors and that this man came here with the intent of carrying out some sort of a terrorist attack. they say that the plot and the target that he chose was the federal reserve bank was his idea according to prosecutors. although he said at one point he also wanted to target, and they don't name who it is, but a high-ranking official. so perhaps we'll learn more about that from the fbi as this case goes on. >> so just to be precise, was this they believe a lone wolf, as they say? or was he part of an organization, an al qaeda-related organization some place? >> well, that's a good question. i did ask my sources about that. they tell me at this ti

. >> reporter: this is the face of quazi nafis and this was his alleged target, the federal reserve bank. he was arrested after he allegedly parked a van packed with what he thought was a thousand pounds of explosives trying to kill hundreds of innocent new yorkers during the morning rush. >> clearly had the intent of creating mayhem here. >> reporter: it was a sting operation and nafis was under intense surveillance for months by the agencies. the undercovers even provided some of the fake bomb parts. but they say it was nafis who picked his target, helped build the bomb and they only got on to him after he approached an informant about wanting to carry out a major attack. targeting america's economy is the most efficient way to draw the math of obliteration to america," he allegedly said. officials say his initial plot was suppose to be a suicide mission but tight security at the new york stock exchange had him change it to the fed. last week investigators say he bought ammonium nitrate and worked on building the device, not knowing he was being watched each step of the way. nafis was

angel the fbi foiled a plot to blow up new york's federal reserve bank with a 1,000 pound bomb. tonight, we are learning about the suspect's past and connection to al-qaeda. let's go aufz. >>> tonight, congratulations, mr. president. they liked you. they really did. but one small problem. they didn't like you all that much where it really may count. on the economy. in cnn's poll of people who actually watched the whole debate, the president came out on top by seven points over mitt romney. that's the battle. this may be the war. when it came down to the economic question, the key issues that are going to decide this election 20 days from now, debate watchers favored romney. in some of the recent polls, it's been closely tied with mitt romney only having an edge on the deficit, even there a small one. on the question of who would better handle the economy, the answer, mitt romney, by an 18-point advantage. who would better handle the deficit? mitt romney by 23 points. an better taxes, advantage romney. this time by seven points. the group of undecided voters in ohio seemed to agr

actually audit the gold even check that it's there because they trust the bank of england the us federal reserve bank of new york and the bank of france for all their gold is very well the bank of england and the new york fed have been to lending that goal that out to support the really hypothecation schemes that created the multi hundred trillion dollar bubble so i think germany will be shocked to find out that their gold doesn't exist any more they're going to buy it in the open market and as they do so they'll spike the prices even higher prices the central banks have been buying gold now for several years when we started telling them to buy central banks central to buy gold and as a result they're causing their own demise because as they realize they don't have enough gold to survive they have to buy in the open market they're going to for surprise but up to that ten thousand dollars an ounce a level that is our target and now back then in two thousand and eight when you were there in the center frankfurt asked telling the people that they should hang on to their gold of course everybody assumed

the federal reserve bank here in new york. the man did not know he was being tracked by an fbi sting and abc's dan harris has this developing story at this hour. dan? >> reporter: diane, good evening. police say this morning, the suspect parked a van that he thought was loaded with 1,000 pounds worth of explosives, in front of the building behind me, then walked several blocks away and made a cell phone call that he believed would set it all off. prosecutors say the suspect -- a 21-year-old named quazi mohammad rezwanul ahsan nafis -- moved to america from bangladesh in january of this year, specifically to carry out a terror attack. they say when he got here, nafis started trying to recruit accomplices, claiming he had al qaeda connections, and justifying the killing of innocents by quoting "our beloved sheikh osama bin laden." is what nafis did not know was that one of the people he contacted was an untsdercover f agent, who supplied him with 20 50-pound backs of what nafis believed to be explosives but were, in fact, fake.

he hatched a plot to blow up e federal reserve bank here in lower manhattan. we're on liberty street. what the suspect did not know, he was closely monitored and watched by the fbi and nypd. as you can see behind me. there are new york police officers standing outside the wating the federal reserve bank in lower manhattan where earlier a man attempted to detonate what he believed to be a department of justice bangladeshinational. he came to the united states in january 2012 for the le purpose of carryingut a plot on u.s. soil. he is charged with attempting to use a weapon of mass destruction and attempting to import materials from al qaeda. he assembled what he believed to be a 1,000 pound bomb in the van. he drove to the new york federal reserve bank in lower man hat and an attached the detonator what he belied to be the bomb. he parked the van and walked to a nearby hotel and repeatedly tri to detonate the bomb and the van did not blow because the explosives were not real and. consequences. it is important to emphasize that the public was never at risk in th

>> here's the interesting part about this, i haven't been down to the new york federal reserve bank in years and i happened to be there on monday afternoon to interview the president of the new york federal reserve bank. he replaced tim geithner when geithner became the treasury secretary. this is the two of us walking in that building -- it says tuesday but i think it was monday. that's the floor when all those meetings were held to determine which banks are taking over which banks, that's where it all happened. eight secure environment. it's not normally thought of as a target. most people find it hard to find. it's a low-profile organization. when the fed wants to lower or raise interest rates, they do it in that building because that's where they trade with the banks to trade bonds. it's unclear why they let it get that far. i didn't get a sense of heightened security when i was there on monday but it's very secure. i'm not sure how far somebody can get -- or as you know because you're a legal expert, whether they would see how far he would go. >> lots more charges when you actuall

the reason it is important is because unlike being one of the regional federal reserve banks, this onehe banks. it is central to our banking and our financial system. that's why he's a big deal. >> okay. so big deal. and i want to get back to the government potentially trying to do too much. critics saying the feds push to keep interest rates low may be creating a bubble, yes? >> right. so there is -- there are two issues. the critics who don't like the fed's low interest rate policy are those on fixed income, and who can't get any return when they put money into a bank account. you get nothing. then the idea of keeping the interest rates low could cause houses to get more expensive and you could create a bubble. here's what he said. >> there is no sign of a housing becoming overly exuberant yet. we're way far away from that. we're on the -- the patient left the hospital, now convalescing at home. so a long way before we get worried about housing overheating. you look -- i think federal reserve basically is responsible for setting interest rates in the economy. this idea that somehow t

federal reserve. >> hi, maria. >> what do you know? >> we're told from the fbi and nypd officials that this was a sting operation. this lone actor, self-radicalized, was apparently trying to target the federal reserve bank target he scouted and for some time they've been monitoring him and using informants and watching him. this morning they made the arrest. they moved in as he was allegedly trying to move forward with some sort of plan to attack the federal reserve bank here in new york, right near wall street. he is now in custody. we're expecting this suspect described as a male in his 20s from long island to appear in federal court in brooklyn later this afternoon or this evening on the terror-related charges. u.s. attorney loretta lynch, fbi officials, perhaps mayor bloomberg and the police commissioner here in new york all expected to detail the charges and the nature of the events later today once the suspect appears in court and once the charges are officially filed. again, an arrest made in lower manhattan today of a suspected terrorist targeting the federal reserve bank of new york. we're told this was a sting operation and that he had been closely monitored by the fbi and nypd for some time a

the new york stock exchange and he sees there is significant security and he shifts to the federal reserve bank. >> now the fbi set up an elaborate bomb hidden outside the if he rad -- federal reserve bank. >>> the fire started yesterday early morning, and at one point it threatened 100 homes in the painted cave community. the terrain is steep so it is difficult for firefighters to get near there and fight the fires. the fire is 2 5% contained. >>> it is particularly quiet for drivers and for police. they are showing some video of what happened last night and also why we may see more meteors this weekend. >> reporter: well one person described it as mysterious and beautiful and another person said it was something from the end of the world movie and it prompted some people to call police. >> they had a 911 call advising of a large media exploding in the roadway. >> it happened 7:45 and lots of people managed to catch the bright light on camera. there was a boom which some people took their homes. it was probably about that still you didn't have to be exactly there where people spotted the fireb

. >> family members of the man accused of following up the federal reserve bank are speaking out. hallie jackson has the latest details. >> the father of the suspect has called his son a gentleman a. after-- police say he settled on his target, the federal reserve bank because it would kill the most people. after his arrest, his family is speaking out. his father could not believe his son is accused of planning a terror attack and said he spent all his savings to send in to america to study, to continue his education. he was at southeast missouri state university. >> he is not an evil person. this is such an evil thing. i'm just stunned. >> police announced his plan to set off a bomb. he didn't know he was talking with the joint terrorism task force instead of al qaeda conspirators. diplomats from bangladesh will meet with members of the state department to talk about the terror plot. hallie jackson, wbal-tv 11 news. >> a much more relaxed atmosphere on thursday as president obama and mitt romney met for the first time since last tuesday's debate. sharing the stage, the candidates

says a 21-year-old man from bangladesh planned to blow up the federal reserve bank in new york city. they is accused of building a secret al-qaeda cell here in the united states. on the sting operation that led to the arrest. >> prosecutors say the suspect is 21-year-old moved to america from bangladesh in january of this year specifically to carry out a terror attack. they say he started to recruit accomplices saying he had al-qaeda connects and justifying the killing of innocents by quoting a beloved osama bin laden. what he did not know one of people he contacted was an undercover f.b.i. agent who supplied him with 20, 50 pound bags what he believed were explosives. over the course he bought a detonator and even at one point told the undercover agent he wanted to kill the president. this morning. he allegedly packed the explosives into a van, connected a detonator, parked it outside the federal reserve bank where hundreds of people work, a symbol of capitalism in the middle of lower manhattan crowded financial district and walked over to the nearby hotel where he taped a video sta

. >> they set up anee and elaborate plan and he hid a massive bomb hidden outside the federal reserve bank>>> a man was apparently targeted because of a minor fender-bender. they released new surveillance video hoping it will release suspects. he showed a car parking outside which led to an argument inside the store. butler was killed the next day associated with the car he hit. butler's family is pleading for witnesses to come forward. >> i know there are people out there who have some morals and decency that when they see this video it will touch their hearts and come forward. how these guys charged because they are dangerous. >> the car is a four during text use it if you have any information call police. >>> police say the suspect is being held at the san mateo jail in the killing of keith coffee. he was found dead in the front road of a home early yesterday morning. it appears they got into a fight before he was killed. >> is charged with selling drugs to minors. he was an agency for santa clara employees and now he faces 18 felony charges. prosecutors accused him for writing prescrip

today, the fbi said it stopped a man who planned on setting off a 1,000 pound bomb at the federal reserve bankrk. plus, president obama runs through a checklist of his foreign policy successes. we have our own checklist. to the gas station i am g about once a month. last time i was at a gas station was about...i would say... two months ago. i very rarely put gas in my chevy volt. i go to the gas station such a small amount that i forget how to put gas in my car. [ male announcer ] and it's not just these owners giving the volt high praise. volt received the j.d. power and associates appeal award two years in a row. ♪ he's, he's on my back about providing for his little girl. hey don't worry. e-trade's got a killer investing dashboard. everything is on one page. i'm watching you. oh yeah? well i'm watching you, watching him. [ male announcer ] try the e-trade 360 investing dashboard. so, why are we up here? because farmers offers a new-roof discount? [ thudding ] oh, boy. yep. and it's an agent's job to help people find new ways to save. there's some cool stuff up here. there sure is. [ man ] l

he was on his way, prosecutors say, with undercover fbi agents, to the federal reserve bank and asked them to pull over. he wants to go inside a hotel nearby and make a suicide video. here is what he said, in part. let's see if we can pull up that screen for you. he talks about coming here to carry out -- i came to this conclusion, he said, targeting america's economy is the most efficient way to draw the path of obliterai tochlt n of america and also said he wanted to attain victory or martyrdom. >> what about these other plots, allegedly targeting the president? >> he talked about hitting the stock exchange possibly and even mentioned taking out president obama, but i'm told that that was simply an inspirational thi thing. he never took any steps in that direction, according to my sources. so, he was looking for some sort of economic target that he believed would really do a lot of damage to america's economy. he even allegedly said maybe what i carry out will be enough to even stop the presidential electi election. >> wow! he's in federal custody right now. what's the next step? >>

but certainly quite a shock to hear this on this day, involving the federal reserve bank here in new anting to basically take out explosives, take out the federal reserve, do we know -- is this the only person in custody? we don't know if anyone is working with him? >> apparently at this time we're only aware of this one person. but there is a criminal complaint that has just come in, this man is identified as a bangladeshi national who came to the united states in january of this year for purposes according to federal authorities of carrying out this terror attack on u.s. soil. and then it went on from there, part of a sting operation being conducted by the fbi. so apparently they got wind of this, and we'll learn more as the day goes on. >> susan candiotti, thank you so much there. frightening. >>> word of another investigation, this one involving congressman jesse jackson jr. by the fbi. this as cnn learns of a rare sighting in a bar. that's next. this is the first leg of our world challenge with the cadillac ats. this is actually starting to feel real now. [ ross ] this is the per

the big banks get away with a lot but what i always tell people is if you think about the federal reserve bank of the banking cartel then a lot of things they do make more sense i mean the federal reserve exists to help the banks especially the big banks and they're not going to do anything to harm that they can help and here's a pretty good example of that you know that's a pretty different scenario in front of tremendous pressure right now because all the increased regulation is a lot of cost to their business models and so the banks that are able to pay the giant banks and the ones that are against please the little community banks like. this which i've read about before is i think that the community banks could be on their own on the road to extinction and we could eventually see a lot of these smaller banks bought out consolidate into larger banks so they can meet the high costs high cost regulatory environment right so perhaps we are going to see too many more of these third federal savings and loans popping up maybe there are a dying breed really quickly before we go and tell us why you