funds which were supposed to be segregated in the first place and they're building a model for a global bank holiday in which you will see savings just basically rate from every person that has money in the system in a supposedly safe place including pensions bank accounts brokerage accounts and that's the process which is underway it's the setting a precedent to steal people's money in our pockets say that we're watching laws being changed for a selective interests ottawa straight but that's not new that's been the story for thirty errors going all the way back to there in a big burst of activity right after reagan became president and certainly after the savings and loan crisis the lesson there that wall street learned was change the laws so and we do the crimes again we won't get caught that's right so what's that what's that what's what's changed and this is the same old story well what's changed is that the ability to sustain this looting and theft is running a bit thin and of the looting is rampant and we're now at the point where we are in a totally lawless situation and as we continu

daley was maestro of the bank's global lobbying and the chief liaison to the white house. bill daley replaced obama's first chief of staff, rahm emanuel, who once worked for a wall street firm where he was paid a reported $18.5 million in less than three years. the new chief of staff, jack lew, comes from obama's office of management and budget, where he replaced peter orszag, who now works as vice chairman for global banking at the giant conglomerate citigroup. still following me? it's startling the number of high-ranking obama officials who have spun through the revolving door between the white house and the sacred halls of investment banking. but remember, it was bush and cheney's cronies in big business who helped walk us right into the blast furnace of financial meltdown. then they rushed to save the banks with taxpayer money. but of course, bush and cheney aren't the only ones to have a soft spot for financiers. bankers seem to come and go pretty frequently at the white house. president obama may call them "fat cats" and stir the rabble against them with populist rhe

global didn't just steal from its own customers instilled from the customers of its customers so you know you're talking about multiple levels of stealing then there's the fact that as a bank that has the ability to trade and put money and put credit lines and look at all the other derivatives implications behind a m.f. global or any type of more complex company as well as take deposits and give loans and try to offset funds on to its customers there's no line anywhere if you can take segregated accounts in a brokerage if you can look at the deposits of individuals in a bank and use the missed chips on the capital table in order to bet on other things and there is no line you continue to do what you're doing in this situation continues to get worse there should be unilateral large black line between anything that has to do with a customer an activity for a customer and anything that the bank wants to do from a trading perspective for which it should not get bailouts for which it should not be held unaccountable and for which it should be criminally slapped with being destructed if it crosses that black line all right nomi prins are out of time thanks so much for being on t

basically in their initials both bodies march to the same tune and i think they're issued by the same global banking cartel. three nonproliferation treaties of been signed by iran and they're been zero absolutely zero and braxton's reported today countless inspections but i have taken place and not one inspection is yielded the results of us this week which is mainly a reason to invade and or bomb iran by finding evidence that they are seeking to produce nuclear weapons i believe the us is turning up the heat because they see the game is slipping away these embargoes are designed to do several things one is the purple around economically and thereby open the iranian people feel the pain and will freedom journal strike within iran resulting in a national disunity this is standard operating procedure for the us to create strife and this harmony in a country they are seeking regime change in a divided house is always easier to conquer than one which the have an answer on solidarity i think the more pressure is placed on iran be embargoes and sanctions the greater chances the us the militias have of car

people to make our own decisions again and not the tactic rats the dictators and the tools of the global banking system who want to take us back to the dark days of feudalism before american democracy change the game. that's it for the big picture tonight for more information or to see any segment of our show check out our website at thom hartmann dot com and don't forget democracy begins with you show up get active participate your it will sort of. download the official altie obligation to your i phone or i pod touch from the i choose ops to. one job life on the go. video on demand parties and live broadcasts and says feeds now in the palm of your . question on the dot com. right. syria still reeling from escalating outbreaks of violence as its plight spreads to new york where un security council members seem unlikely to reach consensus on the younger us. occupy d.c. protesters dig their heels in as they wait for a police crackdown after the deadline to leave their camps said by city authorities passes. plus a bittersweet victory for the euro twenty five e.u. nations signed up for stricter debt

other thing is as well is that as we have always talked about is that london is the center of global banking fraud martin lewis of money saving expert dot com says the u.k. is the crock of gold at the end of the rainbow for the world's payday lenders they've been regulated out of other countries and jump for joy at our lax supervision that's why these four thousand percent a.p.r. lenders are exploding across british high streets yet these astronomical a.p.r. isn't the real danger that comes from the rollover this is where people can't repay at the end of the month and compound interest kicks in again the. the paper flooding in to the economy and the u.k. as the nexus of global financial fraud because of the lax supervision and complete lack of regulation relating to hypothecation and re hypothecation that's why m.f. global had its headquarters of their major crime spree in the u.k. same thing with a same thing with lehman brothers same thing with bernie made off that's the iceberg of the global economy hit and to let a few escape unscathed they're making the whole wider with lower interest r

people to make our own decisions again and not the tactic rats the dictators and the tools of the global banking system who want to take us back to the dark days of feudalism before american democracy change the game. that's it for the big picture tonight for more information or to see any segment of our show check out our website at tom hartman dot com and don't forget democracy begins with you show up get active participate to your it will see them. as it was shot four times in total. as it were and. sort of the boards are still in my body. and people should be allowed to defend themselves were they own guns in the hands of law abiding decent people are not a problem national rifle association there's a group of basically retired military police. to shoot holes and i'm sorry if you know that the bullet comes out here and this makes it go bang and what's in front of here is going to die and that's all the training you really really need raise your hand if you know somebody's been. ok to live with one of the philadelphia police or the streets. until about a hopefully we will never have to use th

to make our own decisions again and not protect the crabs the dictators and the tools of the global banking system who want to take us back to the dark days of feudalism before american democracy change the game that's it for the big picture tonight for more information or to see any segment of our show check out our website at thom hartmann dot com and don't forget democracy begins with you show up get active participate your it will see them. more news today violence is once again flared up. these are the images the world has been seeing from the streets of canada. china operations are on the day. welcome to the lone show where you get the real headlines with the mercy or can you live in washington d.c. it's not going to take a look back at what happened in oakland this weekend as more than four hundred people were arrested and occupy actions so is the beginning of more showdowns with police or is this just a one off then secretary defense leon panetta gave an interview to sixty minutes the aired this weekend so we're going to break down some of his words and we're going to take a look at

gramm, who once called wall street "a holy place," and later would become a high priest at the global banking giant, ubs, and the democratic secretary of the treasury, robert rubin, former co-chair of goldman sachs and tireless advocate of taking down glass-steagall. in the weeks before its repeal rubin left government to join, are you ready for this, citigroup's board, the very financial giant made possible by glass-steagall's elimination. and so it was -- the fix was in, the path was cleared all the way to the top. >> sandy called his friend the president last night and invited me to join in on the conversation and we had a good talk. so the president was in fact told last evening about what was going to happen. >> you got that, i'm sure. wall street was telling the president of the united states what was going to happen. within two years, glass-steagall was deader than a doornail. with the stroke of a pen, president, bill clinton, signed legislation that eliminated its protections and gave citigroup the green light. john reed retired from citigroup a year later, after losing out in a power

central banks to take the lead they're waiting to see what the people bank of china is going to do with their reserves what what global central banks that are trading partners with the u.s. would do because the reason i ask that is because it would seem to me that there are not written right in our place they've experienced help pump this bubble up so high this point that they depend on a consumer they can't afford their own goods so they have a political problem which is a play it is that's exactly right it's a political problem because. investors and banks around the world are dependent on a currency and a bond that unanimously people agree is unsustainable because of the deficits that the u.s. government has been running and. the entitlement problems that we foresee but are unable to address address politically and also just the mounting interest that we need to pay on the the existing debt these are problems that have been politically impossible to even discuss and yet you have all these reserves around the world waiting to see what's going to happen and so it's pretty goes back to what we're saying which is that