programs, a leading provider of micro loans in california, and has a robust community real estate finance unit. next, we have the ceo of ne community federal credit union. since 1988, she has been the ceo of northwest community federal credit union. under her watch, the credit union group to over 1600 members. it has become the national model for institutions seeking to provide financial education and banking services to the low- income communities. last but not least, we have our conditional lender represented here by wells fargo. mark cyrus is the senior fda banker for the region -- the senior sba banker. he held businesses choose the best loans for the growing business and focus on a comprehensive understanding of their goals for their business. mark is responsible for helping entrepreneurs with sba loans every step of the way. i would like each of you to speak a little bit about what your organization does and, more importantly, address the audience here and let them know what your looking for when you are hoping to fund their loan. we will start with you, mark. >> absolutely. thank you. i

>>reporter: class action filed by fair born also names wells fring 0through the capitol finance unit. it provided a 50 million dollar line of credit that was supposed to help keep re loans afloat. >> 40 million dollars wept out the window pretty quickly and was disbursed to preferred investors. sometimes friends. sometimes family members. that's the that's we have made based upon the investigation that we have done. we believe that to be accurate. >>reporter: wells fargo e mailed a statement that reads the lawsuit against wells fargo capitol finance is without merit and we will did he if he said ourselves against the vaeltion. beyond that we can not provide any further comment at this time. >> i would lake to talk to you about the investors no, comment from several major players in the story. i stopped by kelly recent practice with cal men club volleyball team. speed limit do you have anything to say to all the investors. >> no. >>reporter: last week walter declined to speak with me after i caught one him after a hearing in his bankruptcy kaichlts i reached barney by phone late today

. >> the class action also names wells fargo through its capital finance unit, a $50 million line of credit supposed to keep the company afloat. >> $40 million went out of the window quickly dispersed to preferred investors and sometimes, friends and family members. >> that is the allegation we've made based upon the investigation we've done. we believe that to be accurate. >> wells fargo e mailed a statement reads the lawsuit is without merit z we'll defend ourselves against allegations. beyond that, we cannot provide further comment at this time. >> and no comment from several major players in this story. i stopped by kelly ng's recent practice with the cal men's volleyball team. and last week, walter ng declined to speak with me when i caught up with him. >> and he's trying to deflect the blame saying i didn't make decisions and didn't have authority to make decisions on how money was handled. barney ng was the one who went out and found projects in which to invest. no comment from the law firm. we have several other angles on this story. if you have a tip, e mail us through our w

>>reporter: class action failed by fair born also names wells fargo through the capitol finance unit. it provided a 50 million dollar line of credit that was supposed to help keep re loans afloat. >> 40 million dollars went out the window pretty quickly and was disbursed to preferred investors. sometimes friends. sometimes family members. >> that's the allegation that we have made businessed upon the investigation that we have done. we believe that to be accurate. >>reporter: wells fargo e mailed a statement that reads the lawsuit against wells fargo capitol finance is without merit and we will defend ourselves against the allegations. ynd that, we can not provide any further comment at this time. >> i would like to talk to you about the investors no, comment from several major players in the story. i stopped by kelly recent practice with cal men club volleyball team. pl and last week walter declined to speak with me when i caught up with him in a hearing after his bankruptcy case. i reached barney by phone late today. he's trying to deflect the blame to his father, his brother and br

to change the way that it's financing the united nations it wants her bill calls for washington to choose voluntarily choose the programs the u.n. programs that it wants to fund and contribute you know currently the united states is the biggest contributor and financier of the united nations comprising twenty two percent of its the one square budget and paying for twenty five percent of its peacekeeping missions now this bill proposed by ross later in also calls for all the funding to peacekeeping missions to stop and halt until reform is put in place those peacekeeping missions also include the u.n. relief and works agency which the palestinian refugees since bill also says that all finding for u.n. agencies or programs that support palestinians and membership to the united nations would and immediately now lated in did accuse. of scheming to get membership out of the united nations while not recognizing israel's right to exist she has openly said that of course the timing is not a coincidence she introduces this bill in this legislation to stop policy and from seeking membership at the

united states. we have a government dominated financing market in the united states. how did it happen?here are lessons to think about. it really started back in the 1950's. it is interesting what happened. when i got my first mortgage in 1975, i went down to a local savings and loan. you had to put 20% down. at those times, interest rates were 8%. the success rate were incredibly good. very few loan losses. they knew they were going to hold the risk for 30 years. into the market. they understood the local real- estate market. the savings and loan industry was systematically destroyed by a government policy. lyndon johnson was to create a great society and wants to have a war in vietnam, said he did not want to tax people. the federal reserve lots that to happen. -- the federal reserve left that to happen. there is a long lead time, but in 1970, that turns into a roaring inflation. by the end of the 1970's, our financial system is under severe stress. the total reserve steps in, drive the prime rate to 21%. they have been doing it for 70 years and suddenly they're paying 16% interest. n

finance. we had a citizens united which allows citizens to spend on politics. we have an opinion on the supreme court striking down a public financing program in arizona. minute edition of campaign finance is that we should not focus exclusively on preventing corruption, and we should not focus exclusively on no rules and just money. i think what we should do is encourage participation by as many people as possible. we definitely have this norm that we want everyone to vote. why don't we have a similar norm in terms of money in politics where we want everyone to give a contribution. it doesn't have to be $20,000. this can be $10 or $15. if more people participated in terms of the financing of campaigns i think that politicians would be, frankly, less beholden to particularly large contributors in now give the bulk of money that politicians receive. >> here is the original cover of "stealing democracy." then the paperback came out. any reason? >> the publisher made the decision. i liked a very simple vote that is suppressed in terms of sending the message, but fr

financing and financial crimes. in addition to his prior roles at the treasury department, he's served as an attorney for the united states secret service, and as the head of the u.s. delegation to the financial act task force, an intergovernmental agency charged with formulating policies to combat international money laundering and terrorism financing. mr. glazer, welcome. >> thank you, chairman whitehouse, for the opportunity to discuss our efforts to combat terrorist financing. in the decade since the tragic attacks of september 11, the u.s. government has worked toward developing a comprehensive approach to combat terrorist financing. critical to this evolution has been the recognition that the treasury department and financial tools it wields essential to our counterterrorism efforts and indeed national security as a whole. money is vital to terrorist organizations. the monetary cost of executing an individual attack may be low, but terrorists require substantial sums to recruit, train, and sustain opera tifts, procure weapons, compensate families of so-called martyrs, and garner support from local populations.

united states. we have a government dominated financing market in the united states. how did it happen? there are lessons to think about. it really started back in the 1950's. it is interesting what happened. when i got my first mortgage in 1975, i went down to a local savings and loan. you had to put 20% down. at those times, interest rates were 8%. the success rate were incredibly good. very few loan losses. they knew they were going to hold the risk for 30 years. into the market. they understood the local real- estate market. the savings and loan industry was systematically destroyed by a government policy. lyndon johnson was to create a great society and wants to have a war in vietnam, said he did not want to tax people. the federal reserve lots that to happen. -- the federal reserve left that to happen. there is a long lead time, but in 1970, that turns into a roaring inflation. by the end of the 1970's, our financial system is under severe stress. the total reserve steps in, drive the prime rate to 21%. they have been doing it for 70 years and suddenly they're paying 16% interest.

kind of makes you wonder with campaign finance laws decimated since citizens united ruling the office of president is starting to look more and more like the all for the highest bidder maybe buddy roemer has the right idea after all . the ways we thank you for your responses and here's our next question for you we just finished an interview on the economic and political turmoil which has rocked the european union to score we want to know. do you think of the european union the european union as we know it will survive in the next couple of years you can respond to us on facebook twitter and you tube and you know as your responses just like me. now over the next week we're going to be seeing a lot of coverage leading up to the tenth anniversary of the nine eleven attacks and we'll mostly see and hear arguments that ten years on we're safer sure we may be involved in a few costly wars overseas and sure our civil liberties may have been eroded but at the end of the day there hasn't been another major attack on our soil so thanks for all of it all tonight we're going to look at exactly th

united nations. simply washing finance minister aleksey wouldn't have said that she would not say he doesn't want to remain at his post with the government's was she was dismissed out of that investment because it has said that it is a matter of political discipline and there's no need to jam with sizes because russia is not a parliament's republic but a presidential republican such statements are simply unacceptable both insight into go for president if you will be able to which. later in the day right up it's all you know to live for us in moscow thanks but. libya's national transitional council says it won't form an interim government until the whole country is liberated and i could argue forces have already taken the airport the fugitive colonel's hometown of sirte one of the last remaining strongholds reinforcements were called in for a fresh assault in the face of strong resistance by civilians continue fleeing the besieged city and i were activist and director of the answer coalition brian becker says. we are adding to the problems in the country. clearly they're not protecting civilians when

in this war, the united states has almost entirely financed it, paid for it by borrowing. >> what surprised me most was this idea that wars have such a long tail into the future of negative effects that we pay environmentally, we pay in human suffering, we pay in financially decades into the future. >> my fellow americans, major combat operations in iraq have ended. in the battle of iraq, the united states and our allies have prevailed. >> originally, the bush administration projected the iraq war would be short and cost approximately $60 billion, clearly off the mark, but historically not unusual. >> governments often try to sell wars to the public and they use, at best, a very, very conservative estimate that will seem the most attractive and reasonable to the public. there tends to be an assumption that force will work, and therefore the job will be done in a couple of weeks or a month. >> that doesn't usually happen. in fact, it hardly ever happens. you have to really destroy a country to get people to roll over, and in every instance, the duration of war is almost always underestimated

get up every single morning with the sole intention of planning, conducting and financing an operation against the united i do believe with all the action taken over the last ten years, we're safer. >> i agree. part of the anniversary is to look back, and i think if you look back the american people and the american government have a lot to feel proud about. we really transformed ourselves to meet the new threat of islamic terrorism. i don't think anybody on september 12, 2001, would have predicted in the following ten years there would not be another major terrorists attack on the homeland, and there has not been. also our enemies have secured no major gains in their worldwide effort to attack us. they are still out there. we are still in a war. it will go on for a while but we are safe and stronger than ten years ago. >> having said that two chairman of the 911 commission issued a report card and said here are our recommendations we put out in 2004, and here is where we are falling short. remarkably to me one of them is there is not a reliable mechanism for detecting bombs aboard airline passengers. we

influence of the united states to think the higher ups in the united states government and the capitalist owners know this and they're always financing such moves. iran has enjoyed very good relations with turkey however turkey has just allowed the united states to place a nato anti-missile radar its territory which is obviously directed at iran and it is taking turkey is taking a harsh stand on syrian authorities that iran according to reports has been supportive or do you believe that iran is. relationship with turkey in any way given those two put it out. our ongoing relationship with turkey is a very good one it doesn't mean that we don't have differences establishment of those radar bases and radar systems i think it's been imposed on the nation of turkey today the united states of america is a bully has force and imposes its will just as you see that it's able to impose its will on many bigger powerful governments and nations but this in the long run one benefit the united states of america today the relationships between the various nations of the world and not determined by the force of missile or weapon systems they determin

finance minister. while he was in the united states at a conference on the following weekend movie of. future ones who didn't says that if he becomes the next prime minister of russia that doesn't seem self government due to disagreements in economic policies with the media and the president did say the finance minister saying now saying that this was a matter of political discipline and also perhaps that. just got bored on this position but meeting with the stress of that due to the extreme the high level and caliber of secord him as an economist as a professional he will have no problem finding another job in order to serve his country in the future. and so very much for that r.t.c. this kind of reporting. well that's a scots president is getting his comments with me gee bob it should political analyst for the real news agency here in moscow mr babich so it's richard that of says he and let him or putin see eye to eye on a lot of things they have common goals but what about those rumors that there's a bit of a rift within that tandem well i think these rumors were mostly wishful thin

wanting to progress whereas the physical production has really given way to begin mix of finance in a large part of the united states and then in europe as well so while they are focused on the production there of course china now is clearly really worried about what's happening because the united states and europe not only because it's a consumer market but also obviously there are there are quite a lot of treasuries but i think the consumer market is playing the most important role and that's really the only reason why we think they're actually buying treasuries so far because they don't want to let us fall a cliff at least not all of a sudden before they replace their exports raise their local consumer market but that's what they have been working on clearly and surely they would also have reminded by and that's. a concern about the u.s. spending and would like to improve the deficit situation but clearly i would saying they have just been buying time to develop their own consumer market to address their own debt issues they have some local government debt in china something that also talked a lot about bu

openly financed by the millions of dollars organizations in so puberty this country it's a one way trip on behalf of the united states and the u.s. navy often says well if cuba doesn't make this move then the relations will continue bad bill richardson visit to cuba was unannounced he i think has portrayed it in a way that's not quite reflecting reality so you don't think because he says they have and have and invited him you don't that's not the case i don't know that that's true but i do know that alan gross was receiving good treatment in cuba he was allowed to see his wife for five days. on the beach they released him from prison to see his wife for five days and yet two wives of the cuban have been denied visas to visit their husbands on a regular basis they've been denied the warmth and comfort of their husbands so you're saying that it's a double standard when it comes to treatment and you certainly don't hear that talk about it or seems like they're you're saying that there's a disingenuous way of reporting on this issue in the united states that's very one sided against the coverage that we actually b

finance chief discussed ways of economic outlook. some of their biggest concerns are the deepening debt in europe and the slowdown in the united states. he later held a news conference. >> translator: we discuss the need for a response to the economic budget situation. we must work on improving our finances to maintain growth. >> credit uncertainty in europe sent the euro down to the 105 yen level. that's the lowest it's been since july 2001. stocks in new york also fell sharply. they closed at 10,992, down 303 points from the previous day. >>> sunday's the tenth anniversary of the 9/11 terror attacks in the united states. over a hundred audio recordings compiled at a u.s. university shed light on the hijacking of the four planes that led to the tragedy of that day. they include on-board conversations. exchanges between air traffic controllers and the voice of one of the hijackers. >> nobody move. everything will be okay. if you try to make any move, you will endanger yourself and the airplane. let's stay quiet. >> in another recording, a female flight attend called the airline's operation desk. >> somebody's stabbed in business clas

finance reform. and i should tell you, dylan, that the citizens united decision obviously made a very bad situation worsebecause now these guys can put money into campaigns with no disclosure at all. nobody knows who they are or how much they're spending. >> which makes it how important by your measure that we get money -- that we make getting money out a central issue in this presidential election? how important is it that 2012 becomes a referendum on getting money out of our political system? >> well, i think, as i said, the current campaign finance situation is an absolute disaster. we're talking about huge, huge amounts of money coming in from very wealthy individuals, large corporations, who want to dominate the agenda in washington. citizens united has made it even worse. so if we are talking about the united states as being a vital democracy, where ordinary people have power to determine what happens, obviously, you need real campaign finance reform. in my view, that means public funding of elections, getting corporate money out of the system. >> but we have to begin with knowing that we have to g

the money will be used to help finance the installation of 3,000 residential solar panel units.oogle also has an investment in a company called solar city. >>> is the postal service on its way to making it final delivery? how post ! >>> what do we want? >>> employees of uc hastings lawsuit protested today. the workers are trying to negotiate a new contract but say the school won't give them a fair shake. >> with all of our service workers, all of our administrators, our clerks, it folk, admissions, financial aids, everyone that works to make hastings work. >> uc hastings counts on federal funding which it has had cut in recent years. >>> postal workers are showing support for federal legislation that may help postal jobs. the fall out could touch just about everyone. lloyd lacuesta has the story. >> reporter: the line goes neither snow nor rain nor sleet keeps theme workers from its completion of the job. but technology is a different story. >> get to work on capitol hill ♪ >> reporter: all across the nation, protests were held. pamela west is a 38 year letter carrier. >> i'm wo

or will we see more confrontation and to finance both at the netted nations and maybe on the ground? -- at the united nations or maybe on the ground? >> israel is blaming palestinians for refusing to negotiate. they are far apart, aren't they? >> yes, they are, i'm afraid. prime minister netanyahu and president obama's made closing arguments in a courtroom case. abbas made closings arguments in a court room case. we are entering the last year and a half of the obama presidency and we will not have the kind of heavy leadership that we probably need to get the parties back together. there was a quartet statement today but i think that that is probably the minimum that was required and i would be surprised if we see them coming together any time soon. >> mr. abbas called for peaceful marches and support of his initiatives. it is going to get worse? >> there is always that danger. what happens the next few weeks is the palestinian attempts in the u.n. security council goes through procedural delays and for the discussion turned to what will happen on the ground will be crucial. in this respect, in the mi

the money will be used to help finance the installation of 3,000 residential solar panel units.oogle also has an investment in a company called solar city. >>> is the postal service on its way to making it final delivery? how postal workers are fighting for their very survival. >>> the 49ers released a model of their new stadium. is it really a done deal? a stadium years away from completion. >>> what do we want? >>> employees of uc hastings lawsuit protested today. the workers are trying to negotiate a new contract but say the school won't give them a fair shake. >> with all of our service workers, all of our administrators, our clerks, it folk, admissions, financial aids, everyone that works to make hastings work. >> uc hastings counts on federal funding which it has had cut in recent years. >>> postal workers are showing support for federal legislation that may help postal jobs. the fall out could touch just about everyone. lloyd lacuesta has the story. >> reporter: the line goes neither snow nor rain nor sleet keeps theme workers from its completion of the job. but technolog

branches of government one of which the supreme court voted in favor of citizens united not sure when it comes to campaign finance how much the white how much power the white house has even how much power congress has to overturn that decision and make rules that would change it i mean campaign finance regulations as we know. oh it are certainly almost dead oh well you're absolutely right well you know we have to push politicians he will lose changes and we have to like we're seeing here on wall street and we'll see in a couple weeks in d.c. we have to get in there's three pts and so politicians like you know this this is what we're working on here and this is what you have to work towards otherwise you're going to be voted out of office and you know unfortunately time historical sense but you know we have to now we have to get the stories we have to pressure politicians we have to pressure the four hundred billionaires who are united states to get behind us changes you know it's not a constant round up and it's going to be difficult but this is what we have while perhaps we thought this weekend in new york city

some do me a growth predictions coming out of the united states also the ongoing debt crisis in the eurozone now there was a meeting of eurozone finance chiefs over the weekend but all that did was really throw up more questions than answers they did say though that it could take almost two trillion euros to bailout the debt riddled countries in the eurozone so all of this coming together to leave the markets extremely volatile at the moment you throw into the mix the big news from russia vladimir putin will run for the presidency in twenty twelve days spines minister alexy put that in may step down and it's quite difficult at the minute to see just how much of an impact that will have on the markets right now. they are certainty in the financial markets has made cash king even the traditional safe haven ass and gold is down fifteen percent from its recent take and one point on monday at had lost one hundred dollars although it's since bounced back meanwhile silver has lost more than a quarter of its value in just three sessions now to discuss what's going on on precious metals i'm joined by senior trade at t.-x. capital thank you for