they're in the next headline goldman sachs create derivatives clearing unit so goldman sachs has started a central exchange for derivatives so i guess they're preparing for the fact that there is going to need to be a derivatives exchange and lo and behold they themselves have created it this is central planning on the currency the u.s. economy was supposed to move away from centrally planned command and control and they're not too big to fail banks they're supposed to be competition free market competition if goldman sachs is going to be the sole market maker in these derivatives they will continue doing what they've been doing all along representing both the buyer and the seller manufacturing prices that have absolutely nothing to do with the underlying supply and demand. the securities that they're supposed to be trading raking huge rent seeking profits off the top and leaving all the garbage for everybody else and taking that huge profit that they basically at the very least you have to call the moral but again i prefer the financial terrorist sobriquet and they put that into

empathy who are by definition anti social then you know that they would make good employees of goldman sachs because empathy is the enemy of performance on wall street if you think about what you're doing in terms of consequences for the community at large you wouldn't do the types of things you need to do to keep feeding that christmas bonus well speaking of christmas bonuses we're moving on to crash of twenty fifteen won't wait for regulators to reign on wall street so this is the headline playing on with the notion that jamie diamond remember when he was speaking to congress he told the story of his daughter asking what happened what is the financial crisis and he told his daughter well financial collapse is something that happens every five or seven years so we're due for another one in two thousand and fifteen however the new regulations being in two. by basil basil three accords there are now totally water down there allowing leverage of thirty three to one which is where lehman brothers was when it collapsed and in fact these rules are not being brought in until twenty eighteen yes ob

global derivatives market you're you're a you're a derivative of pawlik you're a gambler hall of goldman sachs j.p. morgan b.p. being the parent bank the whole lot of you you should all go into rehab because your gamble hall x. and beach just locked up for years until you learn to overcome your gambling addiction well max another sign that we may be about to encounter a second heist of the u.s. taxpayer is this headline market data firm spots the tracks of bizarre robot trader now mysterious impossible in the ferias trading algorithms are operating every minute of every day in the nation's stock exchanges and this is according to this chart you see here and this is compiled by nan x. a data services firm that has put together all the background. it's happening in the markets and those are algorithms trading there that's right robot traders algorithmic traders that are programmed to commit larceny in the name of meal liberalism or some other out of date ideology for me fundamentalist bankers on wall street who are willing to blow themselves up there are suicide bankers they use these these are

on top of it, we had goldman sachs coming out, lowering estimates for economic growth in the united states for the year, from a growth rate of 2.4% to a growth rate of 1.5%. that was extra pressure here on stocks on friday. >> the private sector did create jobs last month, but not as many as hoped. what does this latest batch of data tell us about the health of the economic recovery in the states? >> you would need 150 to 200,000 jobs per month created to just keep the unemployment rate on the level where we already are. to get the unemployment rate down, you would need 250,000 jobs a month. we are far away from that zone. on economic growth, one of the big concerns is that we have a huge long-term unemployment rate here in the united states. a lot of companies reported better earnings in the last month and week. still, nobody is really hiring. >> a reporter speaking to us from new york. europe's biggest insurer announced a net drop as a result of lower gains on assets in investments and large payouts in connection with natural disasters. it has gained from selling shares in the industrial

i particularly got burned because i had my money with goldman sachs and goldman. now that is not anti-sem ethic. i just shouldn't be putting my money with my relatives i never trust my relatives. tavis: what is going to with this financial reform they are talking about? is it going to work? is it tough enough? >> you know how i feel about this, which is you know, the only change that is going to happen is -- help me with this. is the only change that matters is going to come from within. we can only blame ourselves for creating this culture that is a fiasco. the culture is built on get what you can until you get caught. that's what the culture is. so it doesn't go back to bush or clinton. it goes way back. we all have to take -- what i'm trying to say is it is my fault. [laughter] it is your fault. the crew's fault. it is my fault. tavis: why are you blaming me? i had nothing to do with this? >> well, you probably started protesting pretty early. i did too. you know, all of us who -- people who are looking to blame somebody else had best look at themselves first i

goldman sachs rose over 2% after cnbc reported soon the wall street firm will spin off its proprietaryng business in compliance with the financial reform package signed into law last month. and speaking of cnbc, congratulations to our cnbc colleague, maria bartiromo, who rang the new york stock exchange bell yesterday to mark 15 years to the day she became the first person to broadcast live from the trading floor. >>> a rockies hurler keeps winning, albert powers the cardinals, and a great grab in japan. >>> plus, a-rod finally hammers number 600. your early-morning sports headlines are straight ahead. >>> the heat wave continues for some of us, but others will get thunderstorms and a little bit of relief. your thursday forecast is coming up. you're watching "early today." >>> good morning. if you're just waking up, this is "early today." and in sports, alex rodriguez has finally become the seventh person in major league baseball history to hit 600 home runs. here's nbc's fred roggin with an early look at all your sports headlines. >>> good morning to you. after a two-week drought, the

just like a trip to russia's amazing goldman sachs' a nations that takes it to the woods incredible. club that would have it not so hot on this makes the. alpha can take time next week for that golden ring that's in a sense that they have the rest of the thing think it pass. first cream removal cold clear cutting. second explosives are used to blast away deeper than the period. heard the remainder by machinery. finally the wanted soil is deposited in valley feel. top legal on our. first. wealthy british style stock. markets finance scandals find out what's really happening to the global economy with max concert for a no holds barred look at the global financial headlines tune into cars a report on. the observed nature and discover its beauty. the communicate with the wild and listen. test yourself and become free and. see what nature can give you a nazi. a face to this is not a provocation but warn. the forces that he should step before you shoot a supreme retraced because they have no idea about the hardships to face. they wanted to says it all for two minutes and for any army the l

the overall effect of this is that control has moved right into the hands of the finance groups goldman sachs group and the rest of them at the same time the real economy of ordinary people is actually getting worse fifty five percent of people who live under three dollars a day that remains the same twenty five thousand people who die each day from the effects of dirty water and i could go on citing fact after fact globalisation is supposed to be efficient free market economy but it's not free market most people do not have access to capital it is not fair think of the circumstances for a woman who has children and she's not part of the official economy she works very hard and as for outcomes being efficient well in the united states forty million people are on food stamps so the thing is actually getting worse it's not doing what it should do and we are in fact in the second stage at the beginning of the second stage of the second downward lake of collapse which will go on for another fifteen or twenty years i said i'm going to you in paris here what is your opinion what is the state of glo

shareholder digital sky technologies is worth six billion dollars according to dave it comes from goldman sachs morgan stanley and j.p. morgan the banks organizing the upcoming offer in london taste last year paid two hundred million dollars for a three and a half percent stake in social networking site facebook. poland says it will pull out of long term gas supplies with russia has offered to deliver some two billion cubic meters a year off until the year two thousand and thirty seven with the deal remains unsigned by warsaw premier task says the country's only other sources citing concerns about energy dependence on russia. and that's your update for now but you can always find more stories on our website r.t. dot com business. culture is that so much a moment taxpayers money mentoring is a show me a lot of people at area reality t.v. want to be popular in commercially lucrative but just how realistic are these programs are they be ultimate forms. every month we give you the future we help you understand how to get there and what to bring the best in science and technology from across russia

special forces troops have killed a suspect most of the maltese deadly bombings he's well up by goldman sachs dead in a special counterterrorist operation. squad installing for the big apple it's the end of an era in new rule because ford announces its famous a down a stalled car on the way out of the will to make it will stop production of the crown victoria by next year following a declining profit from hundreds of mom for fuel efficient cars ok up next the interview program spotlight this time i'll go to to a friend shoulder his novel ninety nine friends became a must read for russians and find out why and what he thinks of russia in just a moment. wealthy british style it's a time to. market why not scandals. find out what's really happening to the global economy in cars a report on. how again the welcome to spotlight the interview shell on r.t. i'm old enough and today my guest is said to think. the next he won't paul says two thousand and ten is the year of france and russia since the eighteenth century no odd the european culture as influenced russia more than the french one i would se

is this one comes from goldman sachs morgan stanley and j.p. morgan banks organizing the upcoming awful for the russian company in london last year paid two hundred million dollars for three and a half percent stake in social networking site facebook. poland says it may pull out of long term gas supplies from russia gazprom has offered to deliver some two billion cubic meters a year to twenty thirty seven but the deal remains on the table from walsall now. says the country. is voicing concerns about energy dependence on russia. as the latest will be going live for the bank analyst next hour for signs of where the markets will go to join us then. the be . the big. lead . here is that so much as i mean to say mislead people are. going to be popular in commercially lucrative but just how realistic are these programs are they be ultimate. this is a scene raging forest and pay to continue to sweep through he said. of the palace landscape continues to dry out and the breaking heat wave of struggle to contain the blaze is fake smoke is still spreading

shareholder digital sky technologies is worth six billion dollars according to common daily this is from goldman sachs morgan stanley and j.p. morgan. the upcoming in london last year paid two hundred million dollars for a three and a half percent stake in social networking site facebook. poland says it's reconsidering a long term gas deal with russia to deliver some two billion cubic meters a year to twenty seven. now says the country is looking to all the sources concerned about energy dependence on russia. that's the latest you can find most there is on our website dot com slash business i'll be back next. if. it's all past now why are most gay faces on the scene waiting up for a stampede famous continue just three reception at the boston landscape continues to dry out and the battle breaking didn't waste a spike in struggling to contain the blaze is six. so you could still spreading out cold pools and breathing difficulties for many. immigration activists who are pouring into arizona no calling for a boycott of the state are having the opposite effect they're trying to squeeze the u.s. states to b

technologies is worth six billion dollars according to common sense daily is this book comes from goldman sachs morgan stanley and j.p. morgan the banks all been allies in the upcoming offer in london last year paid two hundred million dollars for three and a half percent stake in the social networking site. poland says it's reconsidering a long term gas deal with russia gazprom offers to deliver some two billion cubic meters a year to twenty thirty seven but the deal remains on signed by warsaw now premier double talks as the country is looking to other sources voicing concern about energy dependence on russia. nordstrom gas pipes second branch reaches russian shills on wednesday the first to arrive last week with two hundred twenty kilometers of the section already laid in the baltic sea the project will provide gas to millions of european homes and nordstrom spokesperson says they've reached a key point in its development. last week the first line of the stream has landed on the russian shore and tomorrow we're going to see the second line lead from this sea to the shore so that will be a mi

banking and fraud and it led to a monstrosity on wall street the godzilla the freak show that is goldman sachs stocking the global financial world fire breathing fraudulent market making psychopaths well he says that dropping of the gold standard has allowed america to live beyond its means as a nation for nearly forty years our cumulative current account deficit the combined shortfall on our trade in goods services and income has recently eight trillion that's borrowed prosperity on an epic scale but as david stockman points out once government officials and the country was no longer having to you know the responsibility of maintaining the value of their currency everybody became just reckless and of course it also allowed the building of the neo conservative movement which is even bigger government than what the democrats should actually are so they were all for huge expansion of warfare state there's a mess of situation going on in terms of central banks and game theory you know john nash equilibrium point the game theory is being enacted on a on a massive scale the first country that intro

actually worked for goldman sachs for five years as a financial analyst. i have a business and political science background. i have a masters degree that allowed know get a great job, but even with that, you know, fast forward in 2004, i found myself as a single mom. i looked at the options that i had going back maybe to the financial industry. i remembered that we were working 80 to 90 hours a week. i really didn't want to do that. especially because i had a daughter, two kids, two girls. >> you want to do change your life. how did you hear about the opportunity fund? >> i heard about opportunity fund through the entrepreneurship center where i studied my business. and i had applied for a loan with one of the major banks and it was impersonal process. i filled out a form and got something in the mail that said you are denied and i followed up on the 800 number and then there was no answer. with opportunity fund, their business advisor came, met with me. heard about my story. she saw the school and the students. we spent time together. >> took a personal i

region and not a very important region at that well you talk about barack obama possibly going to goldman sachs or j.p. morgan now this takes me to the previous prime minister of the u.k. tony blair sets up mayfair bank to act as deal maker in investments for the super rich dony war crimes blair he's not allowed in france either i don't think well you know willing to black who we interviewed on the show just recently he wrote a book called the best way to steal money is to own a bank the best way to rob a bank is to own up to something like that so tony blair obviously is i think taking that message to heart and he'll be joining the other club to craft a global cryptic kratz the new tayo the new kleptocratic order the other thing about this is as the top of the show pointed out is that this war racket is the last ponzi scheme standing it's the only thing holding together anything in the u.k. or the u.s. at this point and when a ponzi scheme is about to implode and you saw this with bernie made off they get a little bit crazy or they get reckless and they abandon ship and they protect whatever w