at the goldman sachs? >> yes. >> and nobody has a problem with this? >> apparently not. >> is this an episode of the twilight zone? >> i don't think so. >> are you sure? >> pretty sure. >> you know, when i first saw this i started laughing so hardy started, tears coming out of my eyes. i started crying because it's true. goldman got t.a.r.p. money. goldman got $12.9 billion from that whole aig mess that was completely insane. should never have happen. goldman was turned into a bank holding company overnight. never happened before. so they can make more money themselves get money interest-free from the government. it a scam. a rip-off. what's going on? >> the banks are supposed to make a profit. let's face it. you can't fault them for trying to take advantage of a good deal, right? >> i don't have any problem with their making money but there is fundamentally a problem with our policy that has given so much money to the banks over the last couple years. it has not brought the economy back to where it should

it says, "the first thing you need to know about goldman sachs is that it's everywhere, the world's most powerful investment bank is a great vampire squid wrapped around the face of humanity, relentlessly jamming its blood funnel into anything that smells like money." you said that over a year ago in "rolling stone." it becomes the impetus for the actual book. i recall when that quote came out, as you will recall, there was much conversation about that quote and whether or not journalists should be writing such harsh things. take me back to the quote and what you recall about the controversy about it. >> what was funny about the quote is it almost didn't get into the magazine because the fact-checkers called me up and they were atwitter over the fact that squids don't have blood funnels. so we very nearly got into a factual problem and i tried to explain to them that was part of the joke. but, yeah, i was trying -- this is very difficult material, this wall street struv. it's very dense. it's boring to a lot of people. we had to use some narrative techniques, fiction-writing techniques,

the goldman fund and the goldman prize and he touched people in all levels. >> reporter: the goldman often compared to the oscar. >> here's to the next 20 years of inspiration. >> reporter: along with environmental issues, the goldman philanthropist nurtured the arts and policies at uc berkeley. >> you wanted to know what you were doing what you said you were trying to do and to make sure his philanthropy would have the affects he wanted them to have. >> reporter: the san francisco native saw one more dream come true. goldman's son said he had the joy of celebrating the giants world series win. >> he got to sit on the city hall stage for that ceremony. and that was a really wonderful moment for him railroad now goldman leaves behind his own legacy inspiring others and passing on to the next generation. >> i think my father accomplished a lot of what he dreamed of early in his age. i think he had a life well lived. >> reporter: reporting from the goldman school at uc berkeley, jana katsuyama, ktvu channel 2 news. >>> a cool crisp sunset tonight. when the cold weather is going to ease.

the goldman fund and the goldman prize and he touched people in all levels. >> reporter: the goldman often compared to the oscar. >> here's to the next 20 years of inspiration. >> reporter: along with environmental issues, the goldman philanthropist nurtured the arts and policies at uc berkeley. >> you wanted to know what you were doing what you said you were trying to do and to make sure his philanthropy would have the affects he wanted them to have. >> reporter: the san francisco native saw one more dream come true. goldman's son said he had the joy of celebrating the giants world series win. >> he got to sit on the city hall stage for that ceremony. and that was a really wonderful moment for him railroad now goldman leaves behind his own legacy inspiring others and passing on to the next generation. >> i think my father accomplished a lot of what he dreamed of early in his age. i think he had a life well lived. >> reporter: reporting from the goldman school at uc berkeley, jana katsuyama, ktvu channel 2 news. >>> a cool crisp sunset tonight. when the cold weather is going to ease.

and goldman sachs as a way to keep the dollar relatively high in value in the u.s. dollar is the means by which america imposes its imperium around the world and they're guilty of war crimes as we now know even george bush in his book said yeah i'm guilty of war crimes you know i like waterboarding so i mean america's is now the equivalent of nazi germany. as as george bush himself admits he says you know i'm just i'm jim or i'm hitler so what are going to do about it so we're going to do about george we're going to put your little pet bank j.p. morgan on the back there well the other thing to note is everybody has been focusing on goldman sachs and remember goldman sachs almost did go out of business you can't forget that during the two thousand and eight crisis but which bank was totally immune apparently from everything j.p. morgan despite having the largest derivatives book by far in the world estimated at about ninety six trillion dollars so how were they so immune from everything that was collapsing around them all the different motives blowing up around the w

well the other thing to note is everybody has been focusing on goldman sachs and remember goldman sachs almost did go out of business you can't forget that during the two thousand and eight crisis but which bank was totally immune apparently from everything j.p. morgan despite having the largest derivatives book by far in the world estimated at about ninety six trillion dollars so how were they so immune from everything that was collapsing around them all the degree of it is blowing up around the world j.p. morgan suffered hardly any damage relative to everybody else that's right goldman would have been out of business except for the largest of warren buffett who of course got a fantastic deal that he cut with goldman directly a deal that was not available to the u.s. taxpayer and let me just point out for a second here to those liberal media types like bill maher jon stewart who's a chick on c n b c rachel maddow rachel maddow ok they are making the mistake of saying that the u.s. public has been reimbursed for the money that was used to bail out the banks in these corporations that's

>> what did you at -- when you were at goldman sachs years ago, in the early '90s? >> i worked for two years as a analyst in the -- in the investment banking department in goldman's mergers and acquisitions department. and then i spent a year working for what's known as the whitehall funds, which at the time was a goldman fund that invested in distressed real estate. >> what did you see there? >> you know i was very young when i worked there and probably younger in facts than i was in years. i was a naÏve kid from a mining town in minnesota who found herself working on wall street. it was an eye-opening experience in terms of, i would say how hard people worked and how motivated people were by money. and those were -- and that stood out to me. i never saw -- i came away from goldman sachs and my time there as an admirer of the firm. i wouldn't say those were the easiest three years of my life. in fact, in some ways i'd say they were the hardest, but i -- but i felt like i grew up a lot and learned an immense amount by working there and so i guess i have retained a l

i was always an admirer goldman sach's success. unlike other firms on wall street who only talk about risk management, they actually practiced risk management. there was always this underlying complaint about goldman sachs but no one would ever say it on the record. the culture had turned rapacious, that was profits at any cost. the whole notion that the person business principle was that clients come first was just completely meaningless, that they would run over a client in the search of enriching their own bottom line. i listened to the complaints, and they were loud enough that it was hard to discount them, but it was also really hard to find any proof that this was happening, because nobody would go on the record and complain about goldman. the really telling thing about the financial crisis was that it does show how goldman's culture had changed. the firm had become a public company and it was really hard to look at their actions during the financial crisis and say that this is a company who believed that our clients come fir

because they weren't as smart as goldman. ? >> and goldman recognized at some point the danger and reduced their risk. >> they did in ways some would say took advantage of their clients and wasn't particularly seamly but what happened is a machine got used on wall street that used subprime loans as their fodder and once this machinery nobody could stop is it and a place like merril lynch what happened the last year before merril lynch realized it was in trouble was the mortgage department with these new people in charge of it they couldn't sell the triple-a securities any more. nobody wanted to buy them any more. they were saturated. >> charlie: they wanted a bottom because they had all their capital allocate order wanted to buy them because -- >> some people didn't want to buy them any more because they started to get nervous. aig stopped insuring them. >> charlie: why? >> aig figured out there was a problem. they knew. >> charlie: was this when hank greenberg was there had he was gone. some argue he would have recognized the

i never saw -- i came away from goldman sachs and my time there as a denier of the firm. i would not say those were the easiest three years of my life. in some ways, there are the hardest, but i felt like i grew up a lot and learned an immense amount by working there. i guess i have retained a level of loyalty to the place over the years. >> what about during the timeperiod where this whole business of them getting bailed out? >> my view began to change. i was always an admirer loman sacco's a success. unlike other firms on wall street who only talk about risk management, they actually practiced risk management. there was always this underlying complaint about goldman sachs but no one would ever say it on the record. the culture had turned rapacious, that was profits at any cost. the whole notion that the person business principle was that clients come first was just completely meaningless, that they would run over a client in the search of enriching their own bottom line. i listened to the complaints, and they were loud enough that it was hard to discount them, but it wa

richard goldman died this morning. he was 90 years old. >>> you better tell the captain we have got to land as soon as we can. this woman has to be got tone the hospital. >> the hospital? what is it. >> it's a big building with patients. that's not important right now. >> and coming up, remembering funny man leslie nielsen. >>> free shipping, it seems like everyone is offering it this holiday weekend. but does it save you money? the thing to think about before you click "submit" on that online order. >> in san francisco, looking at every single piece of equipment possible to come up with your week ahead forecast. it's a tricky one so bear with us. we'll have your rain forecast as "eyewitness news" continues. we'll be right back after this. ,, ,,,, @k@o@o@o@o people! look at you! texting...blogging... all this technology, but you're still banking like pilgrims! it's time for new school banking, bubbie. interest plus savings at capitalone.com. why earn bupkis, when your savings can earn three times the national average!!

days later was given to morgan and goldman. i don't know how tedious you want to get about the details of the mechanics of this but they absolutely could have done something if they decided that they wanted to. why did they choose not to? again, there's a list of reasons. most of the top management of lehman was democrats. there was only one republican, a relative of george bush, in the senior management. lehman was emerging as a substantial competitor to goldman. he wanted to make an example of lehman. as a matter of personal dislike, he hated richard full-- which put him in a large club, by the way, a lot of people didn't like mr. full. >> rose: because of his largesse? >> yes, indeed. and then there's the ego reason. he wasn't able to put together a private thing to save lehman so could he admit that he'd made a mistake et cetera. so what combination of these is true, i don't know. >> rose: and moral hazard played nothing? >> it may have. it may have. but let's put it this way, he certainly made the point a little more force

richard goldman died this morning of natural causes at his home in san francisco.he gold map fund has given away half billion dollars to causes around the world. in 1989 he created the prize since there wasn't a nobel prices for environmental work. tonight goldman's son doug said his fat's passion for the out doors began early on when he took hikes with his father. >> they would often take sunday he can kurtions. hiking through golden gate park or over in muir woods. these things were very dear to him as well as his time in the boys scouts. >>reporter: doug goldman says the prize will live on for generations. >> former george w. bush visited palo alto today where he participated in an hour long discussion with facebook founder mark subinger berg. >> why facebook? >> because you have a lot of people paying attention to us and i'm trying to sell books. >> facebook streamed the entire conversation on the web site. former president is happy and content in private life. wouldn't publicly criticize his successor the president and says he lakes the current afghanistan pol

goldman didn't comment. mutual fund firm janus capital fell 3%. some other merger talk, including coal miner massey energy. shares are about $4 below where they were trading before a deadly mine explosion in april that killed 29. the company's board has been reviewing strategic plans and there's growing anticipation it may include a sale. shares of m-e-e added 3% today. health insurer humana jumped 4% following its $790 million buyout of a privately held medical services firm. the buyout is the first for humana in that business. best buy is pretty confident its stores will be busy on black friday, and beyond. the firm expects holiday sales will be better than last year. shares of b-b-y jumped 3% on that optimism. if the stock hits $45, it would be its highest price since may. and just in time for the holidays, netflix is increasing prices. fees are going up for its online service and mail service. also, netflix introduced its first internet-only movie plan. shares rocketed 9% to a new all- time high. $188 and change. and that's tonight's "market f

s "abacus" fraud case against goldman. >> jeff: a conspiracy in the sky? that's what the european union says. today it levied over $1 billion in fines on 11 airlines for fixing prices on international cargo shipments. the e.u.'s business watchdog said the airlines illegally coordinated fuel and security fees following the 2001 terrorist attacks. air france received the biggest fine, nearly $0.5 billion, followed by british airways and s.a.s. group. >> susie: the midterm elections may be over, but tonight's commentator says don't be surprised if mixed messages about the economy continue on capitol hill. she's maya macguineas, director of the fiscal policy program at the new america foundation. >> the one clear message coming out of this election was...? nothing. i am so tired of hearing "the one clear message" statements, with people claiming that the message was whatever they wanted it to be. the mandates from this election were so garbled because the country is at one of the most complicated crossroads we have been at in decades. the level of uncertainty

richard goldman, who created the prestigious goldman environmental prize to reward grassroots environmentalan and his wife also gave millions of dollars in support of various bay area charities, he died this morning, he was 90 years old. >>> can you fly this plane and land it? >> surely you can't be serious. >> i am serious, and don't call me shirley. >> he was a dramatic leading man for 25 years before he started doing comedy. leslie nielsen showed a flair for goofy comedy in the 1980 hit "airplane" and started a whole new phase of his career. he followed that with the equally manic"naked gun" series, he died saturday from complications of pneumonia. he wags 48. >>> will that christmas display cost you a pretty penny? we'll have that answer in tonight's good question. [ bell rings ] yeah. you got time for that? you got time to earn more on your savings, online at capitalone.com. that's new school banking, baby! instead of earning squatootski... your savings will be earning three times the national average. now, let's review. capital one interestplus savings... at three times more. go to ca

sachs to come in and buys them on entering into the euro goldman sachs got them to cook their books and commit fraud and now they're in in dire straits so now who are they asked to help them get out of their problem while they ask representatives from goldman sachs this is a case of stockholm syndrome these countries are being held captive by financial terrorists and to get out of their problem they're asking the same financial terrorists who start how do we escape the clutches of their terrorism you know ireland they went to war against the ira the irish republican army but they seem to just give a pass to you know sean fitzpatrick. one law for more of next causes analysis and all the latest from the world of finance student to the kaiser report that's coming awareness in twenty minutes from now here in r.t. and by the way you can follow up our stories and leave your comments and watch us online on our web site is r t dot com a couple of stories of the moment indulging in a bit in the eye why some of these is a bulls floating in space on a craft traveling at always three thousand k

sachs to come in and buys them on entering into the euro goldman sachs got them to cook their books and commit fraud and now they are in dire straits so now who are they asked to help them get out of their problem while they ask representatives from goldman sachs this is a case of stockholm syndrome these countries are being held captive by financial charisse to add to get out of their problem they're asking the same financial terrorists who sir how do we escape the clutches of your terrorism you know ireland they went to war against the ira and the. and the irish republican army but they seem to just give a pass to you know sean fitzpatrick how come for us to shun fitzpatrick has a bit executed by the state for financial crimes why why is he allowed to go go free is eternal risk why is irish government soft on terrorism. well the u.s. and afghanistan are trying to downplay rumors of a dispute brewing between the two of them it follows president have had karzai as criticism of washington's war type ticks in afghanistan because i demanded the u.s. led coalition to reduce military ope

sachs to come in and buys them on entering into the euro goldman sachs got them to cook their books and commit fraud and now they're in dire straits so now who are they asked to help them get out of their problem while they ask representatives from goldman sachs this is a case of stockholm syndrome these countries are being held captive by financial terrorists and to get out of their problem they're asking the same financial terrorists please sir how do we escape the clutches of your terrorism you know ireland they went to war against the the ira. the irish republican army but they seem to just give a pass to you know sean fitzpatrick. well for more of his analysis and all the latest from the world you can tune into the kaiser report that's coming your way in fifteen minutes from now here on r.t. . by the way you can follow our stories and leave your comments and also watch a website article comment on time. stories there for you no escape for russia's drink drivers russian policeman now equipped with super. able to detect booze from twenty paces. the police are called ten dollars.