libertarian views are becoming more and more popular then it just how much of a role do big banks like goldman sachs play in price manipulation are going to break it down for metals to oil all the way to food and keith olbermann debuted his new show on current t.v. last night but wasn't really alternative media are just a lot more insane when you get into all that and more tonight but first let's take a look at what your mainstream media missed today. all the big news around town is of course that tomorrow night at eight pm president obama is going to outline his plan for withdrawing troops from afghanistan and at the moment how many that's going to be what the timetable is going to look like it's mostly a guessing game is different channels and news outlets all report from different sources we are learning some new details about president obama's plans for the way forward in afghanistan we expect to hear directly from the president from several white house sources telling fox news he has not made a final decision on just how many troops to bring home from afghanistan this year president obama

now more fingers are being pointed at goldman sachs and this time it comes from another big business name the fifth largest u.s. bank is now being accused of manipulating the metals market by coca-cola he says the prices have become artificially high and the london metal exchange is investigating that issue but you could say that it looks like we might be seeing a strong pattern emerging here when it comes to those accusations of market manipulation goldman sachs definitely isn't the only player but their trail makes it a little easier to follow according the wall street journal in may goldman raise its forecast for metal commodities. that prices went up and may go but also predicted that oil prices would rise and prices went up and so i would argue that the goldman sachs commodity index has played a long lasting role speculators trading on food and energy and cost in food prices to rise globally so is there any way to stop it all or discuss this with me as tyson slocum research director for public citizens energy program thank you so much for being on this you have my pleasure now l

the global banking laws and regulations as well to make things like high frequency trading which goldman sachs does and wall street to steal hundred million dollars a day more available to their partners in various locations around the world yes but max this is this guy is a banker he's speaking to bankers and c. and b. c. he's being interviewed by fellow bankers and see n.b.c. and know his contempt for what look what ben bernanke is doing to help us he's cutting rates he's keeping down rates thanks to ben bernanke he says earlier in the interview but he is not houdini it's those peasants those people who are taking too much wages even though real wages have declined for the past thirty years in america matched by a rise in real debts by americans who cannot afford to live but also productivity gains in america have been massive over the last thirty years and who has scooped that out none of it has gone back to labor it is all gone to these very same people like peter yeah stroud and all of those other bankers on the floor of the stock exchange scooping out all of their wealth with their

at goldman.by matt. first, the manhattan news. the subpoena was dropped on goldman sachs. what do you think they are looking for? >> well, from everything that i've gathered, it's related to the material in the levin report. >> senator levin? >> yes, he did a very large report that detailed a series of fraud al gags against the bank. goldman sold a bump of properties to a series of clients not disclosing to them that they bet against these properties and thought negatively of them et cetera, et cetera. et cetera. >> so there's a conflict of interest that pervades the banking world that leaves clients on the outside and bankers getting rich? >> yes. it's a textbook example of the bank doing one thing, it believes one thing, it tells clients something entirely different. there should be a chinese wall between those areas of the company but it never really happens that way in practice. >> here's the question that i think a lot of people are going to ask. why isn't the manhattan district attorney's o

he's on paid leave from goldman sachs. she deleted tourre's messages. "the new york times" may still have documents related to tourre's case obtained from nancy cohen. they won't say. >> well, poppy joins me now. this is such an interesting story. but there seems to be a pattern developing here, the s.e.c. charges wrongdoing with a big bank. then the firms pay to settle out of court. and then that's the end of it. or is it? because could this laptop lead investigators possibly to others? >> good question. it is certainly a question i would love answered. we of course asked the s.e.c. whether or not this potential new evidence as described by "the new york times" opens the door to more charges against individuals at goldman sachs or other banks aside from just fabrice tourre. the s.e.c. as expected had no comment. but they pointed to their original complaint, arguing tourre was principally responsible for misleading investors in the goldman deal. "new york times" referred to documents that it says it got from the laptop tha

goldman sachs one of the biggest u.s. financial energies of myths to gambling away more than a billion dollars of levy's investments that's american moguls called get off the fair game for cash scams. emergency crews step up their firefighting efforts in russia's republic of the north you know which is spectacular but destructive artillery low. and secure or no longer a high tech russian firm says it's bypass i phones much touted security and is now offering to retrieve any information from anyone's phone for a sizable fee. moscow you're watching r t on marina joshie before the middle east uprising spread to leave again the country became embroiled in civil war in libya was a top international investor the country even had a one point three billion dollar fund with golf and stocks one of the biggest u.s. banks today the fund is virtually am and the result of high risk betting there's little feeling of guilt amongst the american bankers. and long before the u.s. led airstrikes against libya's moammar qaddafi the dictator a

libya could be another name on the list of alleged victims of the joint us investment bank goldman sachs the bank is currently being investigated by the american government for its part in the two thousand and eight financial crisis it's supposed to last a one billion dollar investment made by tripoli three years ago but as marina court now reports from new york the bank is hardly concerned. long before the u.s. led airstrikes against libya's moammar gadhafi they did teeter and one of america's most profitable banks were first financial friends in two thousand and eight according to the wall street journal goldman sachs offered could offie the chance of becoming a huge shareholder only after losing ninety eight percent of libya's one point three billion dollars sovereign wealth fund in just a few months they lost a staggering percentage i don't know how you lose ninety percent or something was that on options on the european banks and energy companies stocks plunged shortly thereafter but in any case clearly they saw a goldmine in gadhafi when the fund controlled by colonel qadhafi nearl

banking days goldman sachs meaning the country's joint a huge number of american citizens are ripped off by a wall street. group we think what's happening here is a shift towards a ground operation russia's foreign minister slams nato his deployment of attack helicopters and media as a step closer to a ground invasion as the allies uses them for the first time against colonel gadhafi his forces. a fire that's been raging for almost two days in the mediation dump of central russia has been through time i was leaving around ninety injured. and food loose of freedom crowds dollars at washington's jefferson memorial in what they say is their constitutional right up to find more arrested for breaking a ban on dancing at the landmark a week ago. and welcome to. news live from moscow and our main story now the libyan government's sovereign wealth fund could become another casualty of the american financial the him or the goldman sachs while there is being investigated by the u.s. government for its role in two thousand and eight mortgage crisis reports have also surfaced that it's lost nine

goldman sachs one of the biggest u.s. financial entities admits to gambling away more than a billion dollars of libya's investment american moguls called gadhafi. game for sky. fire fighters have got to play second i mean if an adult go into russia's republic or would want to go with a child seen tonight so baby spectacular but destructive artillery shell. under secure no longer a russian firm says it's by far the i phone's much touted security it's now offering to retrieve any information from anyone's phone for a sizeable price. this is r.t. live from moscow worse now i just started two pm on saturday rule research and welcome to the program well tokyo has announced it is freezing via quinto four point four billion dollars of colonel gadhafi assets in japan it comes on the heels of revelations that goldman sachs a bank involved in sparking the worldwide financial crisis in two thousand and eight gambled away more than a billion dollars that libya had invested in it and contrary to feeling guilty some american moguls are

banking giant goldman sachs meaning the country has joined the huge number of american citizens a ripped off by wall street and. we think what's happening is a shift towards a ground operation. russia's foreign minister slams nato's deployment over time helicopters in the media as a step closer to a ground invasion at the alliance uses them for the first time against colonel gadhafi is false is. also a fire that's been raging for almost two days and ammunition dumps in the central russia has been through town leaving around ninety injured. this is loose for freedom hundreds of dollars at washington's jefferson memorial hall they say that constitutional right after four i were arrested for breaking upon and dancing in the landmark we pick up. and a very warm welcome from all of us here in moscow this is r.t. with me thanks for joining us the libyan government's sovereign wealth fund could become another casualty of the american financial behavior was goldman sachs while the bank is being investigated by the u.s. government for its role in the two thousand and eight mortgage crisis reports

of goldman sachs he's like that he's like that monster from alien you know if it starts to drip through the spacecraft like here's lloyd blankfein is like. this. and he's just destroying things because of the toxicity of the derivatives that goldman spewed out of their toxic organs into the spaceship earth. and. i watched the kaiser report and just about five minutes time here in our t. for that we'll take a look at what's happening in the world of business you'll use here. that's right time to delve into the world of business welcome russia has resumed electricity supplies to build a room. in toronto has recorded a resumed all politicians mission to the troubled country promise to pay the fifteen million dollars owed by the fifth of july. as

big lead in government loses a billion dollars after investing with us banking giant goldman sachs meaning the countries joining the huge number of american citizens ripped off by wall street. we see what's happening in these issues jill it's a ground operation russia's foreign minister slams the nation's deployment of a tight helicopters and leave it as a step closer to a ground invasion of the minds uses them for the first time against colonel gadhafi is also. also at the time that's been raging for almost two days international dump in central russia has been putting out leading around ninety injured. plus it's good news for freedom crowds dance at washington's jefferson memorial and what they say is their constitutional right after find what i've rested for breaking up the time and dancing at the landmark. again this is our c coming to you life could tell main story now that you've been governments sovereign wealth fund could become another casualty of the american financial behavior also goldman sachs while the bank is being investigated by the u.s. government for its role in the two

banks were firm financial friends in two thousand and eight according to the wall street journal goldman sachs offered me the chance of becoming a huge shareholder. only after losing ninety eight percent of libya's one point three billion dollars sovereign wealth fund in just a few months they lost a staggering percentage i don't know how you lose ninety eight percent or something was that on the options on the european banks and energy companies stocks plunged shortly thereafter but in any case clearly they saw a goldmine in khadafi when the fund controlled by colonel qadhafi nearly empty goldman ponied up offers to recoup losses according to the journal libya would get five billion dollars worth of goldman shares in return for making three point seven billion dollar investment in the securities firm libya agreed to buy the bank stat with the promise of a lucrative annual six percent return for twenty years goldman knew it was about him and he knows. where they were selling them selling these libyans a piece of junk which was untouched libyan sovereign wealth fund officials are reported

was a top international investor the country even had a one point three billion dollar fund with goldman sachs one of the biggest u.s. banks today the fine is virtually empty their result of high risk betting and there is little feeling of guilt amongst the american bankers and long before the u.s. led airstrikes against libya's moammar gadhafi the dictator and one of america's most profitable banks were firm financial friends in two thousand and eight according to the wall street journal goldman sachs offered khadafi the chance of becoming a huge shareholder only after losing ninety eight percent of libya's one point three billion dollars sovereign wealth fund in just a few months. they cost a staggering percentage i don't know how you lose ninety eight percent of something it was a bet on options on european banks and energy companies whose stocks plunged shortly thereafter but in any case clearly they saw a gold mine in the khadafi when the fund controlled by colonel qadhafi nearly empty goldman ponied up offers to recoup losses according to the journal libya would get five billion do

so meantime a florida based investment banker bunny goldman says that the bank's operations with libya could actually be part of why don't. when you have two percent of the world's oil supply you become a target the sovereign nation firms have been the primary target of some of the biggest investment banks worldwide but the obama administration has created a criminal investigation it is now getting information our sources tell us they have good evidence and the bankers were told that the materials they were selling in the sovereign nation firms were truly bad assets they knew they were bad assets and they were moving them or their account and putting them on the accounts of libyan norway and iceland and that's a crime. but as the list of u.s. banks troubles gets bigger so does the country that has the possibility of the debt ceiling being raised becomes a more of a reality experts say the move could only mean more economic pain the country would report in just a few minutes. later helicopters have their first targets in that. russian foreign minister sergei laugh it off as did else the

goldman sachs one of the biggest u.s. financial entities it throws away more than a billion dollars of libya's investments that says american moguls call khadafi fair game for cash. fighters have a major of legs and i mean additional debt when the russians republic go to europe which has seen its united sort of a spectacular but destructive volatility show however there are several small areas within the military units that are still said to be booked. and secured no longer a high tech russian of course says it's bypassing the i phones much touted security is now offering to retrieve any information from anyone's phone for a sizable fee. he would r.t. right from moscow where it's now or just after three pm on saturday but it's ok it has announced it's freezing the equivalent of four point four billion dollars of colonel gadhafi his assets and it chapin it comes hot on the heels of revelations that goldman sachs involved in sparking the worldwide financial crisis in two thousand and eight gambled away more than a billion d

but my question with goldman sachs in space. given the advocate deals, why would anyone in his right mind take the opposite side of the trade with goldman sachs? i mean, according to free-market economics, you know, they shady banker or some thing, people start doing business. and yet there they are bigger and better than ever. >> that only hold where there's a real free market. where there is an assumption that there is an informational or i should say an asymmetry of information between buyer and seller. you are always going to side with the one that you know has the asymmetry in their favor. and i think it really is a piece of wood is gone and the crisis that there is an understanding that those who are always in the know, always a given its information, have access at the loves of government are they not the outcomes are before the questions are publicly opposed. so you are right. in a closed system of free-market, you're right. he would take the other side. i'm sorry, in a free market you might take the other side, but i th

only one of you wants to work for goldman? that's interesting. [laughter] the rest of you were clearly not telling the truth. [laughter] here's what i would say. if you -- have you seen the movie "inside job?" it was one of the more subtle points, it was like being hit over the head with a baseball bat, but that's fine. it was superb in what it did. one of the points was to raise the issue of the intersection between academia and the crisis and frankly, it's the only place in articles or movies that i'm seen that raised. i think it is -- it raises important questions about the degree to which our business schools and our law schools, by the way, i think our law schools are equally culpable in that respect and are taught sets of principles and paradigms that we now have to seriously rethink. now, the underbelly of the argument that charles ferguson made were the consultants getting big sums of money. i don't want to challenge a motive now whether that's right or wrong, but the conclusion you reach is we have to rethink how and what we teach is cer

and goldman sachs literally engaged in a manhunt and the u.s. assistant attorney here in new york side goldman systems can easily manipulate stock and commodities prices in this trade are all rather he was the quote here's a programmer he had taken some of the code and he had quit and he was presumably starting a job somewhere else goldman was so upset that they went after him very publicly and also rest exposing their own their own computer programming and it was not good for calm and it wasn't good obviously for the programmer but at the end of the day it exposed that these systems are very very dangerous and they're also very expensive but they give a huge ads to banks like goldman and that was revealed and we moved on with what's amazing is our own law enforcement and find it alarming that goldman had systems that could manipulate our markets if a programmer walked away with a code ok well the book is called this song but goodman it is a must read thanks so much for being on the cars report thank you max all right and that's going to do it f

believe in government loses a billion dollars after investing with us banking giant goldman sun meaning the country is joined if huge number of american citizens are pretty told by wall street. we think what's happening is a shift towards a ground operation. russia's foreign minister slams nato is deployment over time helicopters and b.b.'s a step closer to a ground invasion as the alliance uses them for the first time against kind of conduct because of these forces. a plan that's been raging for almost two days and ammunition dump in central russia has been for towns believing around nine hundred . thirty lisa freedom hundred dollars at washington's jefferson memorial and all day say is that constitutional rights council were arrested for breaking a ban him down saying as a man mark and we've got. international news line from moscow this is aussie with me thanks for joining us they live in government sovereign wealth fund could become another casualty old american financial but he most goldman sachs while they're behind is being investigated by the u.s. government for its role in the t

>> it's struggling more than goldman sachs. goldman sachs is doing very we. there are two different tiers. >> rose: and too big to fail? >> alive and well. >> rose: and bank of america, for example, bought merrill lynch and is bigger than ever. >> that's another paradox which is that you have banks too big to fail that were all right big, even bigger now that we are in the midst of this crisis. is. >> rose: what's going to be done about fannie maend freddie mac? >> well, congress is going to wrestle over it. it's going to be a food fight and i caot make a prediction about what's going to happen. >> rose: but what about the battle of what to do aboutt? >> the tax peyser intohem for $154 billion. that's not acceptable. it doesn't look like that's going down any time soon. do we want them to be financing the mortgage market? do we want them to goway? unfortunately i don't feelike anyone is willing toave anen honest discussion about this. >> rose: and an others have talked about accountability and who should have been accountable and who was not accountable. clea

in his right mind take the opposite side of a trade with goldman sachs? i mean, according to classical free market economics, if a person is a shady banker or something, people stop doing business with them. and yet there they are bigger and better than ever. >> but, but that only, that only holds where there's a real free market. where there's an assumption that there is an informational or i should say an asymmetry of information between buyer and seller, you're always going to side with the one that you know has the asymmetry in their favor. and i think that really is a piece of what's gone on in the crisis which is there's an understanding that there are those who are always in the know, always given advance information, have access at the levels of government where they know what the outcomes are before the questions have often even been publicly posed, and so you're right. in a closed system that was free market, you're right, you wouldn't take the other side. you, i'm sorry, in a free market you might take the other side because everyone can't be r

of goldman sachs and john paulson hedge fund manager were in greece two years before the recent study measures plotting the take down of greece and the carve up of those assets and then who in the world has the balls to take these bankers down to the chopping block and frickin get rid of bomb like they did back two hundred years ago that's the only solution or about just just quickly in the light of what's happening in libya what next we will we see once it all settles in there whatever the outcome of the current problems there will we see all those banks then capitalizing on the island of broken country and getting their money back in june to all the resources that the day i mean what happens next when we see those banks jumping on the bandwagon in libya later. well right now they're focusing on destroying grace they're forging us focusing on destroying ireland they've already got a multi hundred billion dollar negative bets on these countries and there's you know to make billions of dollars the moody's s. and p. and fitch are in bed with these people they downgrade the debt and they