goldman sachs, morgan stanley. the one that is make these large margins on these big transactions and underwriting efnew. it's tougher, even though i love citigroup, j.p. morgan, mortgages are a hang over. thal take time. and citigroup is appealing because of international expansion, and the ceo is executing so well in places like india and china. >> susie: we have to talk about apple. now the numbers were very disappointing as we reported at the top of the program. you sold your shares of apple not so long ago. give us your reaction about those apple numbers. >> apple's numbers weren't surprising to me at all. they still were excellent. sales are up 39%, and the expectation is for $38 billion in sales in the next quarter, but the problem with apple is that at a certain point, growth just has to slow down to some extent. the street is spoiled and there's a herd mentality. and as soon as a growth stock stalls, a sellout takes place. the biggest worry is when it's the bottom line and not the top line. the problem her

goldman sachs lost some $393 million in the third quarter. most of its operations did pretty much okay, but the problem came from its own investments. and that led profits to be down about 120%. in just three months, the bank's lending and investment unit lost about $2.5 billion in total. and that includes $1 billion on the stock markets alone. now, the chief executive, lord blankfein, has been blaming the uncertain economic picture, and that uncertainty has hurt goldman sachs' own share price in recent months. let me show you how much it's hurt the share price. when the financial crisis originally hit back in 2008, the u.s. government actually helped bail out goldman sachs to the tune of no less than $10 billion as part of that t.a.r.p. program. later on that year, goldman sachs actually reported its first ever quarterly loss as a publicly traded company. that loss coming in at $2 billion. and take a look at what actually happened to the share price since that date. well, within a year, it seemed as though the good times were back again and

well it's amazing that goldman can lose any money i think they just do that for show because for example we know through high frequency trading they steal one hundred million dollars a day on the new york stock exchange floor grossness no cost for that whatsoever and all the other government programs they get bailed out on and all the risk arbitrage positive interest rate cash flow currency spreads that they put on every single day or the volatility spreads that they get paid on every time they announce false rumors or manipulate the market in some way so these losses are just for show they're hoping to keep their heads attached to their bodies will it work i doubt it if they're going to live by the fraud they should die by the fraud but one more sign of this the collapse of america just one in seven u.s. workers are normal weight without chronic health issues so gallup estimates that four hundred fifty million days of work a year are missed because of weight and other health problems resulting in an estimated cost of one hundred fifty three billion in lost productivity again that's good

could goldman sachs fail? i asked this question to many audiences and people in the financial sector and far from the financial sector only one person ever raised his hand in new york a big position on goldman. i think it's a new york thing actually. [laughter] i'm not sure if sheila bair talked about this it might have been the finest moment that the fdic. the group requested a bailout, demanded a bailout in the fall of 2009. they said if you let us feel it will be disruptive to the new global economy and have small and medium-sized lenders in the united states. that is a special niche. treasury, to my understanding, wanted to bail them out and the secretary said no and it didn't happen. see i.t. went bankrupt and restructured its debt. no one i've talked to, i said everyone if you know the country tell me now or after words, i have not found anyone, any evidence that the failure of the cit group destructive markets damaged the customers. nothing. cit group had a balance sheet of $80 billion. the largest fina

i don't see the difference well in fact max you could call lloyd blankfein here's a headline call goldman sachs c.e.o. lloyd blankfein on his cell phone and cheer him up the number is nine months seven seven four three zero nine thirty nine i'm sure. it's a new one by now but apparently somebody's released his cell phone number into the public domain and the reason why they're saying you should cheer him up is because goldman sachs just reported a nearly half a billion dollar loss in the third quarter some of the suggested messages are i know you just lost half a billion dollars but look on the bright side you set aside ten billion in bonuses to pay out to your thirty four thousand two hundred employees or they just do what i do when i run out of money head over to the feds discount window and borrow more at no interest well it's amazing that goldman can lose any money i think they just do that for show because for example we know through high frequency trading they steal one hundred million dollars a day on the new york stock exchange floor grossness and the cost for that whatsoever and

the government's going to rule the world goldman sachs rules the world. they resonate in revelation mainstream media is a pause after an insider tells a shocking truth behind is really calling the strings in washington. and game is rapidly approaching for greece has its government admits that it only has the cash to pay its bills for eight more days after which the only option will be a default response that use kicked its bureaucratic machine into gear an all out effort to release more cash for athens this as french president nicolas sarkozy of mitt's out of much criticized bailout approach is a block's last line of the fans in preventing the crisis from consuming the eurozone he endure unease and all margo also announced a meeting in the coming days to finalize a radical expansion of last emergency cash court but as r.t. sarah further reports it may all you have come to nothing as the greek economy crumbles under the weight of precedent of stary. greece has been the poster child of the euro thing. with germany voting to expand the bailout fund because i

romney mitt romney is the number one for the republicans who is his number one contributor of goldman sachs so choose either one of them you're going to get the same there is no alternative tina is the rule of law about this herman cain character his past includes a job actually of the kansas city fed and this final headline here max the only hope on the horizon report obama podium teleprompter stolen so a truck carrying president barack obama's podium teleprompter and audio equipment was stolen in richmond virginia sources say that about two hundred thousand dollars of president bill clinton was stolen from richmond marriott hotel you know max this is just perfect karmic justice that the spokes man for the banking industry is one that just mouths whatever the bankers say the podium and the teleprompter are stolen so we can find a way to prevent any of our political candidates in america or the u.k. or wherever from actually talking but actually speaking the words that bankers give them to tell us the lies that they give them to tell us this is why i'm very hopeful about what's happen

sachs dumped on to the population what about the teamsters goldman sachs lost money in their pension fund and only by threatening physical violence were they able to get that money back yeah but again on that one small thing yes there they were perhaps one but jibe oh rocks on here's a video another remakes sent to us you might like it. so . you. know you. like yeah those remarks are nice i like oh give them a coming well so let's look at the side of the savers now let's see if the few headlines coming from the savers judge challenges two hundred eighty five million dollars citigroup settlement this is judge jed rake off and manhattan and his challenge to lawyers to explain why he should approve a settlement of serious securities fraud allegations when citi group incorporated neither admits nor did nice wrongdoing so remember last week we covered the story where citi group settled a one billion dollar fraud fraud. again fraud they settled this fraud for two hundred eighty five million of which ninety five million is the fine with s.c.c. member we have a conversation we're saying that

the governments don't rule the world goldman sachs rules the world. resonating revelation mainstream media is a vase after an insider tells the shocking truth behind it was really pulling the strings in washington. violence flared up again this week around cos it was northern border as nato troops to tampa to dismantle a serbian roadblock local serbs don't recognize appreciation administration as a legitimate authority and have barricaded roads through disputed checkpoints that albanian seized earlier with the help of k. four troops are just like the one to casa to witness the deadlock. in some parts of the world this walking road with probably be part of an extreme safari in kosovo it is now quite expensive. ever says july's border dispute many lives have been dependent on this godforsaken grable road through the mountains now this is the only way that belgrade can use to deliver food and petrol for the tens of thousands of serbs living in northern parts of the course of the serbs had been barricaded in the road since july in response to the cost of

the governments don't rule the world goldman sachs rules that. are resonating revelation the mainstream media is abuzz after an insider tells the shocking truth behind who's really pulling the strings in washington. violence flared up again this week around cost of northern war as nato troops a tampa to dismantle a serbian roadblock local serbs don't recognize a christian administration as a legitimate authority and have barricaded roads to disputes checkpoints that obey is seized earlier with the help of k. four troops are his life he or she ask a one to cost of zero to witness the deadlock. in some parts of the world this rocky road would probably be a part of an extreme safari in golden kosovo it is now a fighting chance of. ever says july's border dispute many lives have been dependent on this godforsaken gravel road through the mountains now this is the only way that belgrade can use to deliver food in battle to the tens of thousands of serbs living in northern kosovo and it seems they are ready for the long months of bilocate they're even b

sachs so he was shorting goldman sachs's c.d.o. packages on u.s. subprime he shorted goldman sachs's callet credit default swaps against greece so he was able to have the inside information of what was going to blow up before it happened this year they're now cracking down on goldman sachs when they had to go in front of the congress and myth that they were selling crappy products to people around the world and they were intentionally blowing them up so here's john paulson he's got a trillion dollar credit line he makes mass respective of bets two years ago on the collapse of america's economy this year he makes bad bets. the capital never actually want to work in the economy to support growth or jobs or legitimate g.d.p. growth all that resulted was a huge around trip for that capital minus john paulson's billion dollar fee and that's all that happened and the point is i think these protesters want to know is is that treasonous and of course the answer is is indisputable yes the fact is it doesn't matter because it's continuing on

investment bank goldman sachs finds itself the target of a lawsuit from a disgruntled investor. an australian hedge fund sued goldman sachs for $1 billion, claiming the bank sold it a fraudulent bond derivative in 2007. the fund wound up insolvent. this is the second time the basis yield alpha fund has gone after goldman, alleging the firm made false and misleading claims about the investments that included subprime housing mortgages. goldman denies misleading the hedge fund. >> tom: given the ups and downs of the stock market over the past several years, you may be forgiven if you feel like you've been taken for a ride. but one investment has been steadily riding higher and higher over the past few decades, surging almost 2,000%. erika miller tells us what it is and what is driving those big gains. >> reporter: forget about blue chips or a brick of gold. since the 1970s, a far better investment has been this distinctive shade of yellow. we're talking about the right to operate a new york city taxi. a pair of aluminum medallions similar to these recently changed hands for a reco

could goldman sachs fail? i asked this question to many audiences and people in the financial sector and far from the financial sector only one person ever raised his hand in new york a big position on goldman. i think it's a new york thing actually. [laughter] i'm not sure if sheila bair talked about this it might have been the finest moment that the fdic. the group requested a bailout, demanded a bailout in the fall of 2009. they said if you let us feel it will be disruptive to the new global economy and have small and medium-sized lenders in the united states. that is a special niche. treasury, to my understanding, wanted to bail them out and the secretary said no and it didn't happen. see i.t. went bankrupt and restructured its debt. no one i've talked to, i said everyone if you know the country tell me now or after words, i have not found anyone, any evidence that the failure of the cit group destructive markets damaged the customers. nothing. cit group had a balance sheet of $80 billion. the largest fina

they will be hitting other banks, wells fargo and the bank of america and goldman sachs. they are going to perform a prayer or ritual at each location and march to the next one. video shot, they created a bowl to illustrate the bible verse about not worshipping false idols looking like the bull on wall street. it will be carried by men in suits to look like businessmen. the clergy represent a range of religious -- religions and communities from protestant, muslim, vacaville to santa rosa. 170 clergy members were confirmed today. it looks like they had a great turnout. the sf protesters say they were happy to see them. >> i think it is wonderful! i think we need more stuff like this. we need to connect with all aspects of the community, especially parts of the people like this. and i know occupy doesn't try and stand for any political or religious persuasion, that's fine this is a multi-congregational, multi-faith delegation. >> we are creating our own version of a lobbyist for the core and -- for the poor and middle class. we don't have a lobbyists, our representatives ha

they are past the chase bank and on their way to wells fargo then goldman sachs. is a big loop in the financial district to bring their message of economic inequality. right now it looks as though most people are staying on the sidewalk. as you can see it is such a big crowd they are moving out into the streets. so far it has been peaceful. we'll bring you updates later in this broadcast on abc7news.com. >>> let's check in on the weather if you are feeling a little brr, compared to this past weekend. >> it was gorgeous out there >> nice sunshine, warm beaches, cold water still. our air is more reflective of our water. check out high clouds across the skies. east from south beach this morning, want to show you this other shot too. this is 2600 feet up. have you ever seen the clouds roll over like that? it doesn't happen often of the gives you an idea how deep the marine layer has become how strong of a push this cool weather is and how high in the atmosphere it goes hard to get rid of today and into tomorrow. let's focus on another perspective. high clouds and low

. >> reporter: as a board more february proctor & gamble, and goldman sachs, rajat gupta regularly heard sensitive corporate secrets, capable of moving stocks up or down, but federal prosecutors say gupta often shared that valuable inside information with convicted hedge fund trader raj rajaratnam. an indictment unsealed today charges gupta with conspiracy and five counts of security fraud. jacob frenkel is a former enforcement chief for the securities ansecurities and exce commission. >> this reaches directly in to, two of the top corporate board rooms in the united states. >> reporter: prosecutors say at the height of the financial crisis in 2008, gupta provide a stream of tips that helped raj rajaratnam turn quick profits and avoid millions of dollars in losses. the indictment, built on wiretaps and phone records, claims gupta often passed inside information with stunning speed. for example, prosecutors say on september 28, 2008, gupta called raj rajaratnam just 16 secondes after completing a goldman sachs conference call. gupta allegedly told raj rajaratnam, warren buffet's berkshire

this week and here's a video of him where he's asked first a show this little clip where he says goldman sachs rules the world the audience booed him and this is what he says if you're thinking that your government out there hey mr cameron mr obama was in control guess what they're nothing more than slaves to the capitalist gang there is some kind of listing to say that this was that is true yeah this is fascinating that this were standing on the b.b.c. and british television is simply stating some simple truths about the bad. making industry and has become suddenly us a call celeb like oh my gosh what do we do about these rogue bankers these banking terrorists and as if it's something new but of course it's the reason why david cameron is finding it very difficult to manage the country's affairs along with george osborne is because it's been infiltrated by banking terrorists in the city who support him and he simply there is a positive or a salesman trying to show up the strange thing of the british people lies concocted by the banking industry well again going back to drudge being soft