when we had a chance stacy ever yes max kaiser hank paulson is in the news i'll read the quick headline from michele locke here treasury secretary henry paulson tipped off prominent hedge funds regarding fannie mae while telling the u.s. senate and the general public a different story yes he was aiding and abetting the financial terrorists that goldman sachs but i want to roll back max to november sixteenth two thousand and eight in this appearance by you on al-jazeera and you know the the global financial system was collapsing and they asked you what was going on and you said it was hank paulson and goldman sachs and they had issued fraudulent currencies and bonds around the world here's a little clip who's issuing a counterfeit money counterfeit bonds and that's rather grab the guy lives in such a sad shape the solution is wrong you have to go over you have to go into account of a court of law and take a passive and goldman sachs up for financial terrorism put them in jail maybe one response to hank paulson but as far as the international global economy is concerned well max ok that's

that he's operating financial drones that mere gadhafi ending i suggested would be too good for hank paulson let's take the bazooka instead of the stick on paulson well this whistle blowing fund manager who spoke to the press anonymously left after coffee with hank paulson and called his lawyer the attorneys quick conclusion paulson's talk was material nonpublic information and his client should have immediately stopped trading the shares of washington based fannie and mclean virginia based freddie however the other guys we don't know whether or not they traded fannie mae or freddie back shares we'll never know because of course obama and eric holder are always looking forward not back well we do know all the trades that are recorded that go across the ticker tape except of course trades that are conducted in these so-called dark pools off exchange trades block trades that are done completely in the dark outside of any regulation and that's why they exist to conduct fraud on a massive scale paulson of course was one of the creators of the system were fraud can be conducted on these industria

max crony capitalism isn't usually this bald but then again this is hank paulson we're talking about that kind of capitalism that the term doesn't go far enough to to describe paulson in this case we're going to talk about trillions of dollars here that and billions that he gifted to his buddies well i thought it was a perfect mafia name for him hank baldfaced paulson so anytime we refer to him now which is called bald face paulson hopefully someday you'll be swimming. with the fishes so that article bing you know chronicles all the insider trading that paulson obviously and blatantly did and ends with the biggest crony capitalism of all which was tarp when he said this is an investment not an expenditure and they break that down and they look at it and say it's a bald faced lie because for every one hundred dollars in bailout funds handed over to healthy banks the american taxpayer receive just seventy eight dollars worth of assets according to a report by the congressional oversight panel chaired by elizabeth warren so in total the treasury paid two hundred fifty four billion for a

hank paulson. when we had a chance when thirty percent of corporate profits the as the case of the us or in britain thirty percent or higher i my calculation is closer to sixty percent of the corporate profits come from a corrupt banking sector run by capita dicaprio's like hank paulson you're not going to get any progress in jumpstarting your economy like the galaxy in the cosmos itself some speculate that the dark matter and dark energy is greater than the visible world that we live in this is true of the financial frauds on wall street the amount of frauds greater than what we see on a day to day basis hank paulson has got of like the einstein of fraud he's taken the entire concept of breaking the law and walt applied it time as a cold fish and of his own corrupt soul he's certain times in. the morning renowned worthier uncompromising policies to banish all signs of some of the legacies tony and officials are pushing harder and harder on the country is still vast russian speaking community the m

hank paulson was treasury secretary under bush was about to nationalize fannie and freddie take them over because they were in such bad shape when he in doing so it would wipe out the share or hold or value of those companies. meanwhile he was telling congress and the public that it was going to take some minor fixes and some audits and everything would be ok but he secretly met with a roomful of hedge fund managers who had a lot to gain from this information he gave them this information before he told congress and me for he told the public now we don't know for sure whether or not these hedge funds and short of the stock we got out of it out at freddie and fannie but they might but what is he doing meeting with leaders top hedge fund people and not meeting with congressional leaders not telling the public and that's absolutely outrageous is it legal for this to go down to the aspirated it's i'm afraid it is because they are lar our laws are so porous about this and b. hank paulson didn't actually make any money on it so he's not really committing insider trading and now it's unclea

hank paulson we should honor him when we had a chance when thirty percent of corporate profits in the as the case of the us or in britain thirty percent or higher my calculations closer to sixty percent of the corporate profits come from a corrupt banking sector run by capita dicaprio's like hank paulson. a you're not going to get any progress in jumpstarting your economy like the galaxy in the cosmos itself some speculate that the dark matter and dark energy is greater than the visible world that we live in this is true other financial fraud on wall street the amount of frauds greater than what we see on a day to day basis. like the einstein a fraud he's taken the entire concept of breaking the law walt applied at times a coefficient of a corrupt soul he's certain times. it's ok to have you with us today here on our t.v. right now and for the compromising policies to banish all signs of a soviet legacy a stone in officials are pushing harder and harder on the country's still vast russian speaking community the minority that's long been threatened with a mother tongue band and now pla

you don't have to walk out of that meeting with hank paulson here that fannie and freddie were in that much trouble and short fannie or freddie securities in order to express that viewpoint you can short any of the regional banks whose balance sheets are stuffed with fannie and freddie bonds and preferred stock you can short any of the money center banks there are a lot of different ways you could have traded better so indirect that it would be impossible to trace whether or not you took action on that so i don't know if this is going to be something that we just say oh this is how it works nobody is surprised or if there's actually something where you know regulators are going to take action i i just have no way of knowing and i don't think we know what those hedge funds did on the heels of that meeting it's disturbing either way maxwell we know that paulson is former head of goldman sachs or co head of goldman sachs has at least some familiarity what they rules as stipulated when one acquires a series seven brokers license exam was passed to acquire the license but you know i mention

and i asked for hank paulson disclosing on public information to his friends barely that's totally kosher because there's no direct evidence that that information was traded on which seems absolutely insane to me so yes i would agree if this is the way things are going to work around here a total overhaul the system is exactly what's needed next i want to respond to a viewer who watched my interview with marcy wheeler on the amendment to the defense authorization bill which would give the military control over the detention of suspected terrorists in the united states no less by five six seven due to our own i think we lost we lost that comment there are going to and move on to the next but let me respond to our last comment here was from brian ross who tweeted out this at the ilona show lauren lyster and some innate are really enjoying your work and. forward to reading seeing hearing more nice add to the evening and s n b c line up i'm glad to hear that you're enjoying the show lord knows you won't find anything like happy hour on m.s.n. p.c.'s or maybe just replace you know us with them

people made a lot of money and inside information your thoughts first of all what the hell did hank paulson think his job description was in the summer of two thousand and eight i mean i've heard that question asked by others that's really what is he doing is he using these x. golden knights who he trusts as intelligent people as a sounding board is that why that meeting is taking place because i can imagine it's explicitly a meeting about guys here's what you need to know is about to happen i genuinely can't imagine that anyone would be that stupid especially someone who is a who is an insider for so many years at an investment bank they all know the rules i don't know and i don't know if anyone knows whether or not the hedge funds that were in that room were others that may have communicated with them placed in the trades based on that in fact in one case one of the hedge fund managers called his attorney the attorney said don't trade but here's the deal when you talk fannie and freddie you're talking about paper bonds and preferred stock and common stock that everyone on walsh. he has so

speak for himself i invite him on the show again let's move on what the former treasury secretary hank paulson formerly of goldman sachs tipped off some hedge fund managers also formerly of goldman sachs about then pending nationalization of fannie mae and freddie mac. and there is a lot of price action in those two stocks and a lot of people made a lot of money and inside information your thoughts first of all what the hell did did hank paulson think his job description was in the summer of two thousand and eight i mean i've heard that question asked by others that's really what is he doing is he using vs x. golden knights who he trusts as intelligent people as a sounding board is that why that meeting is taking place because i can imagine it's explicitly a meeting about guys here's what you need to know is about to happen i genuinely can't imagine that anyone would. that stupid especially someone who is a who's an insider for so many years at an investment bank they all know the rules i don't know and i don't know if anyone knows whether or not the hedge funds that were in that room were oth

and would it be appropriate to apply capital punishment in cases outright fraud from guys like hank paulson for example i don't know but capital punishment revoking corporate chargers is certainly something that could be done i mean after the third offense it's pretty clear that you're not going to reform right the only way that we're ever going to see this stuff max is if it stops being a business model if i can you know if you put a sign out that said robbing banks means that you only have to give back half of the loot if you're caught to be a line up who are guys with ski masks and guns in so there's really no reason for these institutions not to engage in this behavior when that's the penalty right karl denninger a bloomberg freedom of information request has uncommon evidence that the fed gave banks seven point seven trillion in loans most of them in secret in order to make the banks look healthy so that the congress would give them those tarp funds going back to two thousand and eight your thoughts the biggest scandal there max isn't it we we gave this money out in terms of loans in.

all their bad debts that would have indicated that they were insolvent to the fed and with that hank paulson was able to go hold up the congress it was a big show for the population however because remember at first congress rejected it because of all their tax payers calling them and then the second time the markets crashed in the taxpayer is the one saying congress you better vote for this tarp but in fact the tarp never would have happened had they known that the banks were actually completely insolvent and them were the key word there isn't solvent see vs illiquidity because during the time remember it was positioned as it's a liquidity crisis it's not an insolvency crisis well the reason it's not insolvency crisis is because we're going to illegally park seven trillion dollars from one off balance sheet i don't like and run to some other off balance sheet i don't i'm going to point to that and say see there's plenty of capital we just need a little short term to get us over. oh by the way when it's finished we got to move it back over to some other place that we didn't tell you about be

hank paulson didn't actually make any money on it so he's not really committing insider trading and now it's unclear whether or not a law was broken if other people acted on that information probably not but normally it's what what's being broken is democracy you can't have the treasury secretary give tips to his old buddies from goldman sachs who now are in these search warrants that is absolutely outrageous and i'm so you know if that word got out there might be more occupy wall street demonstration because it's just simply outrageous for that to happen that was a con a mess and author it left that leopold well we've shown you some of these shocking images of police brutality throughout their crackdown on occupy wall street protesters police have resorted to using pepper spray beating protesters with the tongs and arresting them by the dozens sometimes even by the hundreds we've seen are massive presence at the site decked out and riot gear that were a war zone some call it proof that the police force is becoming militarized in the u.s. but not all the cops are jumping on the police b

i had a meeting with ben bernanke and hank paulson today.'t tell you what the meeting was about, only we can run this. but when i came out i called my broker and bought 1,000 puts on the s&p 500. every night they should report that every night. i'm fine with it. >> paul: are you okay? >> it is outrageous, it's a double standard. there are lawyers the s.e.c. can go after members of congress if they trade on insider information. inside information has been basically defined by case law. >> paul: when ben bernanke and paulson went to capitol hill and says the sky is going to fall if you don't pass the bill. everybody knew about it? >> everybody knew after it leaked out. >> paul: they knew there was financial crisis brewing? of course, you did? >> i think we see it every day. whenever the fed makes a new policy move, markets react. that is understandable. markets move on information. >> paul: where are you going to draw the line? at congressional hearings? >> realtime information about what they are doing in their stock accounts. at the end of t

one doesn't ever 16th and another on september 18th in which ben bernanke, and paul send and-- hank paulson and sat down to discuss the true gravity of the situation. keep in mind this is mid september that tranfive is still at 11,400. people are nervous but the panic has not said in. we know from his memoir, paul singh asked those who had to leave the blackberry's and cellphones at the door. be no based on his account that they inform the members of congress that this is the potential cataclysmic crisis that the tranfive would go down at least 20% and we were looking at potential catastrophe in terms of the economy. accordingly they were ashen face and stunned what they were hearing. after that meeting 10 people, the members of congress went out and sold a bunch of stock the next day. when congressman sold stock in 90 different companies to have other members who dumped shares in to the financial sector in those that did very well. there's also a gentlemen named senator baucus he left the meeting and the next meeting -- morning brought coulter short in? q what on earth is that? i am not a

when you read hank paulson's book, you realize as we were about to go off the cliff it was a barney frankth the bush and mr. should keep us from going off the cliff. >> barney frank was elected state representative in 1972. george mcgovern lost 49 of 50 states. he wasurting. barney frank went up tgeorge mcgovern and said, he did not know him and he said, i run on your coat tails. he has had a remarkable career. the personalityty problems are real but the intellect is towering. >> he will be remembereds the guy in the years when we could have had reigned in fannie anand freddie, defend and protected ththem and try to intimidate those who wanted to tell the truth about it. i think his leaving the congress will raise the level of civil discourse in washington. >> [ baby coughing ] [ coughing continues ] [ female announcer ] more pollution from power plants means more childhood asthma attacks. [ labored breathing ] there's technology that makes the air cleaner but too many plants don't use it. we can't wait. epa must update power plant standards to protect our kids. [ baby coughing ] >> it is

the thing is, when you read hank paulson's book, you read, as we were about to go off a cliff, it would party frank who worked with the bush administration who kept us from going off the cliff. >> barney frank was first elected state representative in 1972. george mcgovern lost 49 of the 50 states. barney frank went up to him and said, senator, i won on your coattails. burnie has had a remarkable career. the personality problems are real, but the intellect is telling. >> he will be remembered as the guy, who in the years, where we could have reined in fannie and freddie, defended and protected them, try to intimidate those who wanted to tell the truth about it. he is leaving and the congress will have on a better level of civil discourse. >> let's talk about the economy. the unemployment down to 8.6%. the stock market going up. colby, the white house must be happy about this. >> republicans are probably not because the economy seems to be making traction. the stock market, to put this into context, this is simply from banks intervening in the debt crisis. that gives some reassurance to

when you read hank paulson's book, you realize as we were about to go off the cliff, it was a barney frank and worked with the bush and mr. should keep us from going off the cliff. >> barney frank was elected state representative in 1972. george mcgovern lost 49 of 50 states. he was hurting. barney frank went up to george mcgovern and said, he did not know him, and he said, i run on your coat tails. he has had a remarkable career. the personality problems are real, but the intellect is towering. >> he will be remembered as the guy in the years when we could have had reigned in fannie and freddie, defended and protected them, and try to intimidate those who wanted to tell the truth about it. i think his leaving the congress will raise the level of civil discourse in washington. >> mixed reviews on barney frank. the unemployment is down to 8.6%, the stock market is going up. the white house must be happy about this. >> republicans are not happy because the rate the economy seemed to be taking traction. the stock market, to serve some context, this was simply intervening in the european

thousand and eight when the conversation was this and the liquidity problem or insolvency problem and hank paulson and wall street said well it's a liquidity problem we just need some. term cash to hold us over it's our insolvency problem not technically insolvent we now know that they're all insolvent and that they're simply re hypothecate ing the same you know a bag of nuts that they hold in their office drawer to leverage you know multi-trillion dollar loan scams going back and forth and the people who are being asked to suffer through austerity are being asked to suffer through austerity as a result of pay for all of this that's why there is a global insurrection against banker occupation because of this lack absence of justice we're going to see these same frauds over and over again until the population demands that that happen rather than focusing on whether or not mitt romney's betting ten thousand dollars against rick perry so finally next year all of these fraudsters still in charge of all these banks really high prosecuting and hyper high complicating the number of the weak finances shar

and they're really crooked and abominable in what they've done they just remember hank paulson the congress hostage to go in the back room and said give us some hundred billion dollars are going to crash this market he's an arsonist he's he's an outlaw and yet he's given you're a strange researcher who was c.e.o. of. goldman sachs sure but if you go down the list they're all goldman sachs at that time that was considered kind of like a spirit theory and even france twenty four which is closely allied with sarkozy they were like this is crazy but i want to turn to a clip just very reese. in the last month or two where france twenty four is now saying this about goldman sachs the european freemasonry of goldman sachs and what they mean by freemasonry is the way in which the freemasons operation is it's a network and goldman sachs essentially according to the long correspondence i mean it's pretty difficult to refute what he says have put in place a network across europe who does not include you've got mario draghi let's have a look at his photo here online he is the former he's the new head o