thanks max all right francine mckenna it's been over a year since the m.f. global collapse did they ever find the one point eight billion dollars that vaporized where does the money return to clients come from what's the latest still missing macs still missing one point six billion dollars still missing and they're starting to return some money from clients but that money's coming from other sources some of the money returned from. other people that they're making claims against taking from some of the creditors etc but they still haven't told us where the money went specifically and they certainly haven't gotten most of it back right now elizabeth warren was going to serve under a barack obama as a consumer watchdog in the financial industry but she was prevented from assuming that role because she was actually talking about accountability so they would allow her to assume that position but now she's a senator in massachusetts is she going to just do anything to stop this well you know i bet they wish that they didn't stop her from being consumer financial

terrorist bankers here's my question francine mckenna given this regulatory arbitrage given the fact that wall street outsources its fraud to the u.k. for the most part and given the fact that the u.k. is now downsizing is there a bit of a. let's say purposeful attempt to buy wall street. to don't pull out of the stuff in the city of london as a way to competitively drive the city of london down saying i mean it's very competitive cross-currents along those lines i see what you mean i'm not sure i think that unfortunately the bankers here in the us but on romney and that that was really really really wrong now they're going to have to deal with an obama that's really energized and hopefully. has a little bit of an impetus to do some of the things that we've been talking about but that's the thing at the bankers leave london if they're whining or complaining about london where are they going to go and if the us wants to say transactions to london that's probably the wrong place right now because as you say there's more scrutiny there's even scrutiny in switzerland you have u.b.s. the

for the second half obvious speaking with francine mckenna scourge of the corrupt accounting business we'll be talking more about j.p. morgan financial terrorist. brass it. looks like. my daddy. does the famous phrase. does my money ransom business. you know sometimes you see a story and it seems so you think you understand it and then you glimpse something else you hear or see some other part of it and realize that everything you thought you knew you don't know i'm tom harkin welcome to the big picture. we speak your language. news programs and documentaries in spanish matters to you breaking news i want to turn to angles the stories. you hear. the spanish. visit. to the. science technology innovation hall the developments from around russia we've. covered. max keiser welcome back to the kaiser report time now to go to new york and speak with france a macadam re the author dot com friends saying welcome back to the kaiser report. thanks max all right francine mccann it's been over a year since the m.f. global collapse did they ever find that one point eight billion dollars that vapor