they say the best of the buying protection you can buy protection from wall street bankers like hank paulson we went to congress and got seven hundred fifty billion for goldman sachs and his buddies on wall street is saying give me the trillion dollars and i won't i don't crash the stock market but you know congress balked and then the next day they did crash the market and then congress got line and gave them the money because there are they they threaten to crash the market and they've done this in numerable times to get extortion they're extortionists yes actually and eric called their chief law and then the country is again he's chicken to do anything about it that's that's a big problem i think you just pointed out their store and it's basically a mafia model i mean you can't get any more clear than that when you look at how things are dealt in washington let's talk globally though i mean you were in athens during the austerity riots that have taken place in the last couple years how are people investing in the country right now owes in athens two years ago during the tear gas was flyin

hank paulson. >> there's no doubt in my mind that if a.i.g. had gone down armageddon. >> rose: because they're entwined? >> they're entwined, they're huge. tens of billions of guarantees for i.r.a.s and other retirement savings programs. once the loan was made, it was a fed loan, they had -- the authorities, they had the technical expertise to do the restructuring i knew nothing about it until announcements were made publicly. what i've said and i believe from the bottom of my heart is having worked with all of the people at the fed is closely as -- as closely as i have i just know what they were driven by and they were driven by protecting the system and protecting the american people. >> rose: i'm not questioning motives. this is not about motives. this is about looking back the benefit of 20/20 hindsight should there have been a different deal having to do with -- >> one of the things i am not going to do is second guess others when i have the facts -- >> rose: what's your reaction to that? >> i think he was nervous about the questioning an

to because they're going to not honor the minimum deposit guarantee scheme look we've seen with hank paulson he told his friends before he worked out a deal through tarp like tim geithner and goldman sachs they profited on inside information and we saw it in greece when papa grayle stole money from the greek people put in his mom's account to suddenly showed up in switzerland how did that get there who now are seeing it with the leadership in cyprus stealing money from people who've seen this story before it's a corrupt elite they're stealing money by either taking interest rates down to zero which is a form of theft you see that is quantitative easing here in the u.k. in america or they're just outright stealing money whether it's jamie diamond in m.f. global out of your account so once again there's a war going on there's two sides there's the corrupt banking banks stirs and then there's people who are trying to hold on to what they have and i think if i'm not mistaken a bomb went off a couple of days ago in cyprus look for more of those types of things happening because this is a bloody w

it's an economic policy of suicide but when it's going to put the gun the people said like the hank paulson or grayson just steal money he looks he's got that look on his face like baby face nelson gangster like give me your money what make me make it was your head fund manager or the odds of this i mean what would you what's the over under when will george osborne steal money overtly from people's bank accounts in the name of of of whatever e whatever god he prays to mammon well i think that you could get into a situation where there are right now creating a ponzi scheme ish funding for housing as part of the new budget now who does that really benefit because housing is at the peak of the market so do you want to create a society of debt slaves they getting at the top of the market you know in the book my book i describe this scenario in every scenario and how to protect yourself but quite frankly the government is issuing guarantees for loans on housing with no contingency for these to go down so in other words. they're assuming zero default when we lend this money i mean it helps the de

he was all hank paulson. then guess what? he got booted out of office and they brought in another guy. so, i'm like man, this is going to work with this guy, too. every new attorney that come n you have to sit down with them and meet them and tell them what this means to you and what you can do and what you can't do, see if they'll go with it. and, so, the new guy came in and i was like, i don't know if he's going to go with this, but let's try it anyway. so, this is where we met william brahas. i'll tell you a little about him, too, and his story. i'll wait for the advertisement. [video presentation] >> money for your gold. [video presentation continued] [speaker not understood]. >> all right. william brahas, 20 years old, how we caught him, too, he used a lot of the internet. he was all over youtube, facebook. his girlfriend was big in helping us locate him. she put it on her facebook. you know, i don't know if you guys know this, too, when you take a picture and you post it on your facebook, it gives a little longitude-lat

he was all hank paulson. then guess what? he got booted out of office and they brought in another guy. so, i'm like man, this is going to work with this guy, too. every new attorney that come n you have to sit down with them and meet them and tell them what this means to you and what you can do and what you can't do, see if they'll go with it. and, so, the new guy came in and i was like, i don't know if he's going to go with this, but let's try it anyway. so, this is where we met william brahas. i'll tell you a little about him, too, and his story. i'll wait for the advertisement. [video presentation] >> money for your gold. [video presentation continued] [speaker not understood].

and crashes easy money and crashes remember hank paulson you know will crash the market give us more q.e. or now ben bernanke is saying will crash the market give us more q.e. or in europe they're saying give us more free money in the u.k. now the u.k. pound on the verge of a blip when you've got this new mark carney coming in this hockey puck shattered brain coming in from canada to run the bank of england saying we're going to stipulate this coming we're going to put lots of money at the same time he's saying we're going to poke poke poke you by declaring that you need to be more ethical in your dealings of course he doesn't want them to be ethical their dealings i want the drug smack of free money to occur through the veins of that corrupt economy into the hands of the city bankers are down there every friday and saturday night getting blitz and exactly that's what the u.k. central bank and the us one are very good at is that continuous attacking to the consumer shop go shopping go shopping george bush of course through it on the rubble of nine eleven world trade center shouting g

morgan chase these are the same guys who got their goldman sachs friend hank paulson who was treasury secretary to go to congress and force them into blackmail them into a seven hundred billion dollars tarp bailout these are the guys who went to the federal reserve and got sixteen trillion dollars in guarantees and loans these are the guys i created which is a phony fraudulent title registration system that led to innocent people getting foreclosed on and they're really not having to answer for any of this so i have to think that this probably isn't the right time for this bill when well the right time i think we're going to see market forces eventually force short term interest rates up and we're seeing that these now heavily leveraged institutions once again they've taken on all kinds of new derivatives and bets and whatnot they're going to be forced into one of the biggest deal leveraging this of all time and that's going to force what i would call over a. committee to go reckoning fortunately or saying we're going to have to face a day of reckoning before any changes happen yes i

neil: what is hank paulson think about this? >> we'll take his deposition, and find out what he thinks. >> he is supposedly the guy that orchestrated it. >> he went on television, a few days after -- >> and tim geithner, former new york industry secretary. >> yes. neil: a bipartisan? >> like journalism with a subpoena. neil: how do you feel about that? you might offend a lot of your democratic friends ? >> the truth has to come out, i think, i think democrats, republicans, everyone has a stake in having the government operate properly. everyone has a stake in not having the government sort of override, property rights, not override individual rights, in particular to do it without congressional authorization or knowledge, they kip th kept the backdoor bail out secret. neil: one more, question, al gore, what do you think of him now, being seed o sued on sellig current to al jazeera, he seems like an increasingly sad figure. >> he has been subjected to a lot of criticism over that sale, he was in a difficult position, the company

finally, olson calls -- hank paulson calls and says we're going to give you one plan, take it or leave it. this is the second day of the treasury. give you $85 million at 14.5 percentages to anybody who is barred from the fed when it is barring at about one and a half to 2%. and what we want we will take, 79.5% of the equity. of the company. and incidentally you're fired. i'm putting in somebody else. somebody else happened to be ted ligety goes on the goldman board. so he asked to sign the agreement that he had just told about connie said i'm not going to summit, you just fired me. so he signed the agreement, resigned to the board retroactively three days later. i've never heard of the secretary of the treasury in the united states calling a company ceo and firing him. it's the job of the board of directors. not the secretary of the treasury. and to have a goldman director do it. because of the $85 billion that was aig got, 60 billion went out the back door quickly, backdoor bailout, 14 billion went to goldman sachs and others. and aig was required to sign an agreement, now, a total r

neil: treasury secretary at the time, hank paulson, said that was not the case, others argued that'scase, and you still encysted it. >> oh, yeah, 60 billion out the back door, including foreign banks, the arab bank, 26% owned by libya. neil: how do you know it went right through >> >> because there's been follow-up on that, and we know that. it's a fact. neil: why wouldn't aig sign on to this and say, hank's right, but i think your point with david is they -- if -- it's the eq part, they got a rescue, nevermind they didn't benefit, and it looks bad to sue. >> well, you can say that, but the fact of the matter -- neil: that's what they said; right? >> look, the government can take what they want. they have to pay for it. you can't -- neil: what did they take advantage of? >> what did they take advantage of? first of all, the shareholders didn't vote for it. you're a shareholder, you're entitled to vote. neil: they were unfairly screwed? >> yeah. neil: were others were not -- >> that's up to adapt and do. neil: how were aig shareholders, and you're a big one, what was disproportioned a

i always marveled how hank paulson decided to name his son merit. it is a family name. [laughter] but still, and los angeles every betty's cable bill is going up because of paying for the dodgers new cable bill. ever buddies subsidizes but if you subsidize the dodgers then the collectivization of that privatization a profit is what sports have been doing for 30 or 40 years and it primed us for the bank bailouts with the idea is our job. and sports was one of the ways that people thought that is why we are supposed to do but it is but i agree and here was what you are saying but we will have to fight. people will have to start looking at sports there a more activist lends something not just there for us but we have to fight to have access to with issues of basic health of the wind -- line. >> with a lance armstrong doping affair that just took place, do you perceive for other major league sports i have been hearing abofor other major league sports i have been hearing about soccer in particular with the running they do with the 10 yen marathoners comedy think that will be

that is what in the early days of the crisis, people like hank paulson who was then secretary of treasuryan and ben bernankeo was even then head of the fed was saying, well, this is not that big of a problem. and if it was only the mortgages, only the subprime mortgages, they would have been right, but it wasn't. it was a lot more. >> richard, interested citizen. i'm on page 18 of your book. [laughter] >> i figure if i get through it our public it the answer to my question. >> i will answer it any a. >> it has to do with the troubled assets. starting with their sterns, we heard $30 billion had to be extracted from the books, and then when the other banks were helped out, all these assets were taken off and adored by the government. by the it anymore discussion. i'm wondering where are they? with a repackaged? are they going to be repackaged and go out to the private sector? are they still not performing? how big is that and what are the? >> i don't think it's very beginning more. first of all, the government did not acquire all that many of the data as it. they acquired some. the big, big

in the sense that hank paulson, the former treasury secretary under the george w.stration was widely recognized as a china specialist. he was kind of the go-to person. there isn't a go-to person in this administration so it become as little more confusing. but the cyber issue is exactly the right issue to be teed up. there are two i think ought to be headline issues. one is cyber, to the extent it robs us of our intellectual property and therefore job creation and gdp growth potential but the second issue, and i would be surprised if this wasn't covered in the meeting, is the fundamental need for state-owned enterprise reform within china. the state-owned enterprises have been available to write their own rules for the last ten years under the last administration, and hu jintao and and gotten a way with a lot of bad behavior for a lot of markets to function properly and for americans to have anything resembling a level playing field. those are the two issues. the question becomes you fls, now that you teed i had up, what will the follow-up be and what coalitions wi