understand the secrets of the fibonacci analysis but he or she will never understand the truth about goldman sachs tentacles of fraud and deception never never never stacey. max kaiser matt taibbi is out with another piece and features prominently goldman sachs and this is the headline the vampire squid strikes again the mega banks most devious scam yet banks are no longer just financing heavy industry they are actually buying it up and inventing bigger bolder and scarier scams than ever now this is the fallout from the financial services modernization act of one nine hundred ninety nine also known as the graham least bliley act now that overturned glass steagall of course but it also legalized new forms of monopoly allowing banks to merge with heavy industry a tiny provision in the bill also permitted commercial banks to delve into any activity that is quote complimentary to a financial activity now at the time that this was pushed it was first pushed by j.p. morgan and they said in congressional testimony they compared this complimentary financial activity to something like american expres

what did goldman invest in over there. >> protestors are angry about goldman's 1.5 billion investment in state-owned utility dong energy. (laughter) >> jon: dong energy, huh? i think they sell that at a bodaga near my house. (laughter) supposedly made from real giraffe balls but i don't know, it's unregulated. not that i didn't get results with it but it's hardly worth $1.5 billion investment, unless i'm somehow misinterpreting everything about the corporation dong energy because of the relatively juvenile attachment to the word dong. (laughter) but you know what, look how the danish people took to the streets. you know you've made it as a corporation when the majority of the country is willing to brave subzero temperatures to keep you out of its country when you haven't even done anything yet. are you there yet, bitcoin? oh, there you go. that's-- yeah. well, that's the start of a protest. are you sure that process isn't based on magic of the tiny gathering? >> (laughter) (laughter) baby [ male announcer ] when you switch to sprint's new framily plan, friends are like family, so who'

this are goldman sachs morgan stanley and j.p. morgan chase and he says regarding the oil industry for example this is just how deep the tentacles go but banks aren't just buying stuff they're buying whole industrial processes they're buying oil that's so on the ground the tankers that move it across the sea the refineries that turn it into fuel and the pipelines that bring it to your home then just for kicks they're also betting on the timing and efficiency of these same industrial processes in the financial markets buying and selling oil stocks on the stock exchange or oil futures on the futures markets swaps on the swaps market excedrin so there's a whole sale merger of banks and heavy industry they control the entire process much like oh we saw that back in the fifty's sixty's and seventy's did it way with communism also control the entire process right i mean it is a command and control state run corrupt fascist dictatorship for stuff i mean that's a given but what it does to the economy as a whole and the ecology as a whole

this is not a goldman employer?appointing. >> my gut told me it never was. >> do you think old and is relieved the real identity has been revealed? goldman wasthink worried about any of this. they're focused on their business and making money. >> they supposedly had an investigation. >> who really wants to talk on the elevator anyway. the do not talk in elevator. >> exactly. it is a good reason to do what you want anyway. it is fun tong, pick on a goldman sachs and that is what this guy did. isit seemed to me he elevating the image of goldman sachs for this kind of an audience. investment banker types think his twitter was hilarious. i thought it was hilarious. people on the east coast think it is amusing. if you do not work in hr, it is a very funny twitter account. >> one of the things i thought was funny is that i assumed it was not someone at goldman sachs and i said, ok, he's playing up a stereotype of the investment bankers being smarter, craftier, pithy, then a commercial banker. which is why it could have be

henri paul said yes yes where was he from all the goldman. goldman sachs own who was the guy that put in motion the deregulation of the killing the glass steagall act that would have prevented the bankers are becoming the bandits they they they became a wasn't. what's his name the guy was also from goldman sachs they invite another guy you know it's like there's a really didn't know there's. you know exactly what i like. anyway it's the goldman sachs it's who's the head of the who's the head of the european central bank drug managing director of goldman sachs and there you have one after another who's the head of the bag of the english mark. carney by the way is the abbreviation for carnival he's also former goldman sachs guy and it's not only goldman sachs it's all of the bags general i'm sorry to interrupt you but we're running out of time i'm getting yelled at to to go but you have to come back and we love hearing from you you're always entertaining and always insightful that was gerald celente author blogger and publisher of the trends jo

as goldman sachs lost its crown as the king of investment banking?ns me with exclusive details. what about the t r? >> very good. we do know they did not get the what's app deal, morgan stanley advised what's app but they did get a twitter idea but here is what we know in terms of m&a so far this year, a little dangerous to extrapolate the whole year from a quarter or whatever we got so far but right now people on wall street are talking about this goldman sachs -- depending on your statistic anywhere between 3 and a third-place and fifth place from number one over the last two years. jpmorgan and morgan stanley are slugging out for number one. the morgan stanley advantages simply they do a lot of tech deals, they're good at that. michael grimes, the banker in silicon valley is one of the best in the business so they are good at that. jpmorgan has a balance sheet and this is where goldman sachs is finding problems. morgan stanley has the investment-banking niche. jpmorgan has the balance sheet where it could buy, it could go in and financed deals, co

if they don't, goldman saw sacks -- goldman sachs, you know, it's hard to grow that business becausethrough the fixed income side, and that is not -- according to the new rules of the road, you can't to that. if you want to do that, you've got to hold tremendous amounts of capital which they don't have. so that's ap issue for goldman as much as this right now. sandra: do you think speculation is heating up that this change at the helm could take place, not imminent, but soon? >> people are talking about it. they've beenntalking about this for a long time. at some point we're going to be right. [laughter] it's like predicting the market collapse. at some point, you're going to be right. sandra: all right. charlie gasparino, thank you very much. >>> well, it was a busy week this business. corporate earnings, exciting business deals and janet yellen making her congressional debut as the fed chair. worried you missed anything? don't be, here's what's worth repeating. >> because reason has prevailed. we've had a longsanding commitment to return capital to hair holders, and we felt icahn's

life hasn't been the safe in the goldman house since the chemical, mchm leaked into the water supply from a tank at freedom industries three weeks ago. >> what is frustrating, there is no end in sight. >> reporter: for weeks, this family says the tap water smells like licorice, a scent associated with the chemical. >> we have a new normal now, we have new ways of cooking and washing hands. >> reporter: the goldmans say they have been using bottled water and will continue to especially when tests found the levels of the chemical higher than standard, in six area schools yesterday, including at eldest daughter's ellie's school. >> my big concern will be the health of my kids maybe in ten years. >> reporter: restaurants say

of hank paulson remember hank paulson told his investor friends that they were going to bail out goldman sachs and although at the public domain he was saying he wasn't sure or they might have to fail but privately he engaged in a massive insider trading scheme and told people directly that think the government was going to line their pockets with several hundred billion dollars well that's good to compare it to the big quit situation at mt gox now what hank paulson did is he told some goldman sachs investors that he would be bailing out fannie mae and freddie mac. though in front of congress to the american people he said that would never happen but indeed he did so only goldman sachs knew that he would bail out fannie mae and freddie mac. so this is one of the speculations about mt gox is that of course they know whether or not they have only mark karr peleus knows if he has big coin to give to his clients so he could if if he does have he could of course buy at one hundred dollars and then sell them at six hundred dollars later right well goldman sachs for more you know was actually t

they become goldman sachs by sitting on the sidelines and then finally a quick little headline about the biggest participant in the money laundering operations of not bit coy but the u.s. dollar mexico's top drug lord joaquin shorty goes men arrested so one of the world's most wanted drug barons joaquin guzman known as el chapo or shorty has been arrested in mexico he was the leader of the cinema loa cartel which smuggles huge amounts of illegal drugs into the u.s. and so we must see how this will impact h.s.b.c. because of course the stand alone a cartel was h.s.b.c. biggest single client accounting for billions in revenues over the years so we'll see i suppose they'll either get an overt bailout from the government or a stealth bailout from the government that's the way it got to stay so you've got to go thank you it could cause a whirlpool of dollars. all right stay tuned for the second half oh a lot more. it was a. very hard to take. that back with great care. cool silos talk a. little. bit of a. little. pain for the young girls cam all for of a future hunter. between two and thr

come on, people at goldman are not that clever.way, he's only following three people, 600,000 following him, he's following carl icahn, who is following him back, somebody called hope plumbing and he's also following kate upton, who is not following him back. that would make a funny goldman conversation right there. >> i thought the whole thing was hysterical. goldman had an intensive internal investigation. they took it very seriously. >> come on. it was too clever to be real. >> too clever to be goldman, says jane wells. a new "wall street journal" article -- >> goldman might have an investigation of that statement. >> they might. i know pretty clever people there. new "wall street journal" article exposes the showdown at pimco between bill gross and mohammed el-erian. it apparently got very spirited out there, jane. >> yeah. this is l.a. down in the o.c. you're supposed to be all laid back. >> you're supposed to be chill. >> this is like the wall street version of charles and diana breaking up. i'm telling you, charles is not lo

i am a shareholder at goldman sachs. we talked to our shareholders.e don't try to overcompensate our people. watch our full exclusive interview with goldman sachs ceo lloyd blankfein online at bloomberg.com/tv or just go to our tablet app, bloomberg tv plus. you're going to hear from another banker, former morgan stanley chief. we are going to get personal with him. all those frequent flyer miles you have racked up might not be worth as much. we are going to give you the scoop in motors. you can get much closer to sky lining than this. these acrobats are throwing caution to the wind attempting to tight rope walk between two hot-air balloons. are you kidding me? that is insane. ♪ >> in motors today, airbus showed off its new widebodied a-350 at the singapore air show. half the jet is made from carbon fiber making it lighter and more fuel-efficient. it costs about $250 million. meanwhile, boeing is dealing with allegations its carbon fiber plane is not as fuel-efficient as advertised. according to the times of india, air india once reimbursement for fue

yes, 12.6 million shares of goldman sachs. they are expanding enormously their interest in goldman sachs right now. we'll follow these stocks very closely. jim lowell do you follow what they do from time to time schiffing their portfolio at warren buffett's company? >> we certainly look at the holdings, weightings not necessarily as compass but a matter of interest. the move into goldman sachs reflects if you have recovery, not just domestically but globally you need financial engines to help drive gains and financial services are that engine. >> i'm looking after-hours by the way. not much change in the stock. go ahead, sandy. sandra: david, speaking of goldman sachs, i was talking to charlie gasparino last hour who was starting to hint maybe there will be a change at the helm there. lloyd blankfein may be stepping aside soon, talking about his predecessor or who might be taking over for him. there you have goldman sachs shares by the way, not a huge move here. this is likely to be closely watched. how do you view this news,

if you would have told me ten years ago that working at goldman sachs would be a scarlet let ner many ways i would have said you are crazy. i don't view it that every single one of them is bad because they work in an industry. it's not fair. i left after 9/11 to enlist in the marine corps. i was happy at my job and i was happy in the marine corps because of any service there. it's not fair to brush every single person who works in a particular field. our track record second to none as it relates to certain policy issues. we touched on family sick leave as we're shifting our police department, we're incentivizing other areas of the city, people in jersey city will tell you they are very proud today and they we are working as hard as humely possible to bridge that gap. during the campaign i recognized the fact i have a hill to climb because people have those stigmas and it's ok. i understand that. not everybody is going to vote for me. i understand that too. we work every day to try and earn their trust. in jersey city it's a very progressive place and there are a lot of people who have

yet you noticed goldman on the move. >> goldman, just in the last few minutes, if you go back the last 30, 40 minutes or so, so obviously something tied with what janet yellen is talking about in front of folks on the committee right now. take a look at that chart. just an absolute big swoosh to the upside you are seeing right now. no other news that i can find out there, so obviously somehow tied into this. this has been one of those laggers. you talk about some of the lack of performance you are getting out of some of the financials. goldman leads the way as far as that's concerned. it bounced off the support level of the 200 day at 159. it has basically sat here ever since, finally getting a move. >> the etf we were looking at, xlf, maybe we can pull up goldman and have a look at the specific move there. josh brown, do the financials have to perform better to prove to you that there is gusto behind this move, some -- i guess a more real move? >> well, the good news is that tech has held up really well, and that's great. and financials so far this year, not great, pretty good. bank o

well let's look for example goldman. global peter b. a c. was fully aware of weaknesses in their systems and weaknesses in their ability to control the transactions that corazon started doing he really pushed that company way beyond its core way beyond the kinds of things that it was really in business for but investing in sovereign debt and peter you see never raised any kind of concern about the weak internal controls or that we corporate governance corps and was trading on behalf of the company while also being chairman and c.e.o. in one supposed to be keeping an eye on everybody else now after the enron and world com scandals sarbanes oxley that was supposed to hold c.e.o.'s and c.f.o. as accountable why do you think we haven't seen more seen. or auditors of banks get charged with accounting fraud in the wake of this financial crisis. well as many have written the prosecutors believe that charging individuals with accounting fraud is really really really hard it's much easier to take a general viewpoint the corporation and say well let's

let's go i -- right to julianna goldman in washington with more on this story.et's get to ukraine. how concerned is the white house with what is going on there? >> the commentary now from the president, it does seem like the white house is very concerned about what is going on. condemning the violence in the ukraine at the top of his meaning -- meeting. he went on to say the u.s. holds the ukrainian government primarily responsible making sure it is dealing with peaceful protesters in an appropriate way. the president said, as we work to the next several days in the ukraine, we will be watching it carefully and warning there will be concerts -- consequences if they step over the line. the president also said he thinks it is possible for there to be a peaceful transition in the ukraine but it will require the government to seek it. upknow the issue will come in the meeting that will happen after the president is finished speaking right now. the deputy national security advisor told reporters traveling to mesko that the u.s. is consulting with the eu on potential

well let's look for example goldman. and global peter b. a c. was fully aware of weaknesses in their systems and weaknesses in their ability to control the transactions that corps and started doing he really pushed that company way beyond its core way beyond the kinds of things that it was really in business for but investing in sovereign debt and peter you see never raised any kind of concern about the weak internal controls or the weak corporate governance corps and was trading on behalf of the company while also being chairman and c.e.o. in one supposed to be keeping an eye on everybody else there you have some awesome stuff from this past week the best of the best from don't bust time now for in the margins. it's in the margins but the one the only mr edward harrison now every friday ed harris and i put you the viewer into the driver's seat letting you steer the show with your comments questions and concerns all sent in social media twitter you tube facebook you know all that stuff now let's get right to it our first comment comes from steve

the appeal came from the mystery, who is this mystery goldman sachs employee? we know.the new york times" reported it was not an employee at all and was never in a goldman sachs elevator. he is a 44-year-old x bond executive. he started the account is a joke. month, he sold the book about wall street culture based on thosetweets for six figures. the goldman sachs response was that -- nice to see everyone has a sense of humor here. get on withcan the business of making money and that comes at a price. jpmorgan chase it would eliminate 8000 jobs at its consumer and mortgage banking units this year because falling demand for mortgage refinancing. the reductions would bring the staffing cuts to 24 thousand 500 into two divisions since the start of 2013. banks have been the goto place for hundreds of years. then came the digital currencies --itcoin.t coin b it turns out the recent rise of bitcoin shows the digital currency has growing up to do. >> the exchange site went off-line this morning. a bug in their system allowed users to withdraw more bitcoin than allowed. it comes

the goldman sachs response was that -- nice to see everyone has a sense of humor here. wall street can get on with the business of making money and that comes at a price. jpmorgan chase it would eliminate 8000 jobs at its consumer and mortgage banking units this year because falling demand for mortgage refinancing. the reductions would bring the staffing cuts to 24 thousand 500 into two divisions since the start of 2013. banks have been the goto place for hundreds of years. then came the digital currencies like bitcoin. it turns out the recent rise of bitcoin shows the digital currency has growing up to do. >> the exchange site went off-line this morning. a bug in their system allowed users to withdraw more bitcoin than allowed. it comes one day after the ceo stepped down from the bitcoin foundation. and advocacy group. >> this is the world's largest and most, bitcoin exchange. if you try to log onto the website, it would come up wind. the news made it so that bitcoin plunged in value. it was higher than 1100 back in december. >> mt. gox has been plagued with issues wit

julianna goldman did. look behind the scenes of the glala. ♪ >> the white house turned into party central last night as president obama threw a lavish state dinner for visiting french president francois hollande. got ana goldman exclusive invite and she joins me now to join -- talk about the evening and why she was rubbing international leaders, and while i went down the street having grown chicken. >> it was ok. no. [laughter] evening, veryiful glamorous, very special. there was a receiving line when they walked in. then you went into another receiving line where there were some hors d'oeuvres, drinks, and then you greeted the president and the french president as well. of their they had trolleys on the south lawn taking you around the driveway to this beautiful tent. don't talk over your cell, we see you walking in in the emerald gallon. very nice. >> i was teased for walking too quickly. i am not used to doing that kind of walk with the paparazzi. . it was interesting because given that president hollan

he has never worked at goldman sachs.authenticity of twitter accounts and messages they spew out and the followers they have is a topic that is familiar to my next guest. is the ceo of silverback social create he actually purchased 55,000 followers. let's tell people what it is you did and why would anybody want to buy followers? for people who do not know about twitter, what is the deal? >> it was a mistake. i twitter followers was a mistake. you can buy the numbers you do not buy the engagement. you do not buy the equity that comes along with that. there was a moment in time where i was launching silverback social. i was working with a client that had a book out and she wanted to investigate purchasing new followers and i was tempted. i was backed against a wall and i said there is something to this. maybe the persona of more followers will help me get more speaking engagements and get more clients and i caved and i did it. >> what does it cost customer >> a lot less than you think. how much do you think it would cost?

it's the picture and ceo of goldman sachs. and this person posts snarky remarks things like, if you can only do good at one thing, be good at lying because if you're good at lying you're good at everything. and then he writes, groupon, it's the food stamps for the middle class. and he writes this, was that really an earthquake? no, i just dropped my wallet, laughter. there is a facebook page for the same person who has 32,000 likes on it, so tony, what are some of the reactions? well, what's more surprising, fact that gs elevator author didn't even work there or people thought they were real quotes and not satire. anand import writes, well playe, john. you're the reason why i joined tweeter to begin with. sam said, the only cool i ever heard was a guy bragging to me that he knew harrison ford. you also have this tweet from barbara, a tech writer at ap who said, i always that gs he will rater was a parody account. no one ever talks on elevators. >> only a small percentage of women in the army say they want combat jobs. that's a

is overwhelmingly crony capitalism that's what the bailout of all the big banks and wall street of goldman sachs and morgan stanley and a i.g. and all the rest of wasn't two to zero eight in my book the great deformation which i put out. recently i refuted all of the urban legends on which that was based but if you look at washington today it's a money machine where the interest groups come in and try to get their hands on the tax scene or subsidy or regulatory power of the government to get outcomes in the economy that they wouldn't. market like you know like the u.a.w. are bailing out g.m. so yes capitalism capitalism is being corrupted we don't have on as capitalism we have crony capitalism the fed and keynesian philosophy are the primary source of that tremendous damage that is being done david thank you so much for your time in your insight come back anytime that was david stockman author of the great defamation time now for today's big deal. and today's big deal rachel is back madame curtis and we're here to talk about wall street secret for two hundred a true story a secret fraterni

you mentioned the traitors in in new york and london of course right before greece collapsed goldman sachs it's now well not or stead made enormous bets on the collapse of grace and they profited handsomely the insiders papa dry al was benefiting by some financial fraud and so it was really set up to fail and we see some other similarities in grace of course . hours after the collapse that was engineered by wall street you had a rise of neo nazi ism in france just recently as part of a huge protest almost twenty thousand neo nazis are in the street shouting screaming anti-semitic slogans oh well let me correct you on this one because you know i covered the. there were no twenty thousand i mean there was actually it was like eighty thousand people in the streets and there were like one thousand people you know standing discomfort of so it's difficult because up but that was made by the you know by do the french media who who wanted to do it to to be off of the screen of the radar ok so let's be clear that there was approximately a thousand ysaye of. magic now nazi types in the street

goldman sachs is beefing up its top management. promoting 5 senior executives including the heads of equity and credit-rating. it is the largest group at it since 2000 and. goldman, veterans of having joined the firm before it went public in 1999. and the japanese wireless carrier posted 900 $10 million in profit last quarter, topping analyst estimates. but that was lower than a year ago. are tied to asts string of recent acquisitions including an investment in sprint last year. john deere has just reported earnings. , $1.81,arter earnings higher than what analysts were what looking for, $1.53. almost $500 million more than what was anticipated. however, the outlook, agreement sales dropping three percent for the full year. agreement sales are dropping by six percent. that is what earnings-per-share beats, but for the rest of the year -- >> the analyst to join us earlier said that five percent -- if you lower the top line 5%, you heard the earnings a lot. >> we will see with phenomenal cheat you, the single-digit revenue numbers as

juliana goldman and mr. mike gottlieb.onorable stephanie rollins blake mayor mayor of baltimore and mr. kent blake. mr. samuel hynes and ms. stacey mills. ms. alexandra stanton and ms. donna stanton. [inaudible conversations] the honorable kevin johnson mayor of sacramento and ms. michelle lee. >> i'm really excited. this is my first state dinner. for my wife and i to big treat. i have learned to french phrases. >> go ahead. >> i can't remember. thank you. the honorable paul ryan and mrs. ryan. the honorable chuck hagel, secretary of defense and daughter ms. ellen hagel. mr. dan barber and brother mr. david barber. ms. mindy kelling and guests ms. jocelyn leavitt. [inaudible conversations] the honorable nancy pelosi and daughter jacqueline kelling. >> this is my daughter jack wayne. she is from texas. [inaudible conversations] [inaudible conversations] [inaudible conversations] attorney general erik holder and mrs. holder. >> i'm glad to be here. we have a great relationship which i'm sure will be made better by this dinne

not there to give you deep insight into goldman. it gave you deep insight into the mind-set of certain people that work in finance today and very human or russ one at that. a lot of people will be very into it and the book will sell well. melissa: thanks so much. coming up bitcoin on the brink. another debacle hits the troubled krypto currency around ron paul tells us exclusive what happens next a whole lot of green coming your way. >>> this time the "shrek" kind. dreamworks animation results after the bell but we have ceo jeffrey katzenberg on the future of one of the most famous animation franchises. first, more "money" coming right up. melissa: bitcoin having a really tough day. some say this could be the end of the virtual currency all together. jo ling kent is following what's looking to be the demise of bitcoin exchange mt. gox. jo? >> hey, melissa, we're trying to get new information for you but now mt. gox was the most prominent bitcoin exchange and was taken down as leading exchanges said it would file for bankruptcy. it mi

i agree with pete on goldman sachs.'s put that in the portfolio, please. >> you're not going to run out of trades to run out of the contest is over, joe, are you? >> this is only my second. i'm not faster than the najarians, that's for sure. only my second, i'm comfortable where we are. i think it's time, important here. it's time to get the financial exposure. i think it's going forward something we're going to need. >> morgan stanley getting a little pop here, joe. it's up about 1.25%. >> great division, they did all the right things a the the end of 2013. mike mayo, i know he likes it, a lot of lists, i agree with it, and i think they're going to have another strong year. >> have a good weekend. we'll talk to you soon. what do you think of m.s., morgan stanley ? >> i like morgan stanley. we always put that together with goldman sachs. and they really aren't identical. they're both investment banks, but certainly with the retail arm, morgan stanley has built over the last couple of years. different names, it has some

take a look at our own julianna goldman. she was rubbing elbows with top names from hollywood, wall street and the white house at last night's state dinner. she will be here to tell us all about it. >> i am stephanie ruhle freezing in new york city. julianna goldman ripping it up down in d.c. and erik schatzker and vail, colorado. scarlet fu is here holding down the fort early. >> getting to the newsfeed. the top business stories from around the world. starting with home depot planning to add 80,000 temporary workers. rising home prices the past few years have anchorage owners to bend on property. the senate will likely vote today on the debt limit measure passed by the house speaker john boehner. he joined the democrats in voting to suspend the debt ceiling for 13 months. ends three years of republicans using the threat of default to when concession from president obama. snow and ice storm hitting the south and will then head to the northeast. just two weeks after the storm or life atlanta, stranding drivers overnight. wash

he says never a goldman sachs employee. in texas, he worked for citigroup for seven years, he is now writing a book about investment banking. he started a twitter account as a joke entertain himself and he is surprised it took so long to unmask him, but a big deal to write a book. a lot of people around here certainly followed him. we have the closing bell ringing in in 15 minutes. just talking about the cost of college tuition. yes, has skyrocketed to the point where a lot of you, parents and students have been concerned of how you are going to do it. a rising number face a crippling debt. we talk to the president and ceo, the one giving out all of the student loans. number one student lender. we will ask him the tough question, but nonetheless we will wait to hear his answer. the market may close at 4:00 p.m. eastern but i'm always on call for you. sign-up, get the top headlines, biggest ones of the day, the numbers being delivered right to be smart phone. while you are doing your kids homework, you can look at the phone