chief says bank rules anti u s yeah i saw that tell us more so j.p. morgan chief executive jamie dimon was interviewed in the financial times and he said i'm very close to thinking the united states shouldn't be in basle anymore i would not have agreed to rules that are blatantly anti-american our regulators should go there and say it's not in the interest of the united states we're not doing it and this refers to reasoning tear one capital to nine point five percent in relation to the banks that are too big to fail including j.p. morgan but i'm really tired of j. p. morgan and jamie hyneman trading america like a special needs child i'm tired of him trying to convince the world that i'm. america needs to be coddled and treated like a baby and americans want to compete they can compete except for banks like j.p. morgan that have snuffed it down with too much debt if jamie diamond resigned if j.p. morgan were shut down this would be the most greatest possible thing for american competitiveness because he's choking the competitive spigot with his debt fraud an

crash j.p. morgan by still recant pain is up live and kicking in greece of course you can include goldman sachs in that campaign as well who fraudulent disgrace to join the euro by selling them illegitimate illegal contracts so your thoughts on the press j.p. morgan by summary campaign i understand you you are are you are supporting this is one. i am i first i was skeptical because because i saw that j.p. morgan least from a zero hedge article had basically just dumped their shorts and unregulated company company but then i started to think about the larger processes i mean the first first thing i'm one of my most major concerns just as a regular citizen is i'm on economies that start that help people make a living rather than make a killing i think a lot of us have kind of gone off the reservation and taken up this sort of addiction to debt and this exponential growth by you know demanding title months from government and trying to get these huge percentage returns on stocks and this campaign that you

because because i saw that j.p. morgan these from a zero hedge article had basically just dumped their shorts and an unregulated company company but then i started to think about the larger processes i mean the firths first thing i'm one of my major concerns just as a regular citizen is i want to con amaze that start that help people make a living rather than make a killing i think a lot of us have kind of gone off the reservation and taken up this sort of addiction to debt and this exponential growth by you know demanding entitlements from government and trying to get these huge percentage returns on stocks and this campaign that you're running is one of one of the ways to sort of reground and read democratize i think some of this craziness that's happening first of all when you're a citizen and you have some gold or silver as specially in asia you can use it to barter you can use it to hold value you can it's even a decent investment right now i think from when you first suggested this campaign it's almost doubled in pri

and if he actually delivered that gold j.p. morgan once again stock price this is a row so let's stay with libya here tony blair's libya policy fuel power obsession of khadafi son again this theme of the confidence game. tony blair snake oil salesman went to tripoli brought in khadafi and his son to pretend that they were part we're giving you our confidence you're part of this game say follow islam you know as nato is dropping bombs on him who is he shouting at sar cosey not a blair he still is a victim of a confidence game where he still believes the guy who sold him out is somehow psycho's he and not tony blair tony blair if push comes to show he should start selling those nut choppers on late night t.v. you know the guy vince is a famous seller of chomsky's on late night t.v. if you have a retires tony blair you gonna love my nuts watch this so easy one finger i can do one thing or you guys can do with the reason you're going to slap away every day because it's so easy to clean so the confidence game sold to the west and to the pe

which effectively meant that j.p. morgan was going to buy this firm for barely more money than than the firms headquarters building on madison avenue was worth what happened was that there was a shareholder revolt and at one point jimmy cayne was exploring the possibility of actually blowing up the firm and taking it into bankruptcy and and. just effectively said you know i'm going to take everybody down with me so after that revolt it was clear to jamie dimon and everybody a cheapie morgan that there was something that was going to have to there are some concrete contractual problems as well that left g.p. morgan exposed so at the end of the day the firm was picked up for ten dollars a share and they got that deal done in may a couple of months later you know so. by any such comparison it is one of the great steals of the buy on wall street probably in history right and then of course j.p. morgan after acquiring those assets for less than pennies on the dollar they turned around and got a multi hundred billion dollars bailo

scams so half the money goes to goldman sachs that looks they lost ninety nine percent of it j.p. morgan apparently didn't lose money for them right this is a classic example of cartel thinking or mafia thinking or racketeering j.p. morgan and goldman sachs work together on this and i can break that story here just like the provos tony blair story months ago i'll tell you right now this will come out in three or four months at j.p. morgan goldman sachs tag team of libya with tony blair and that goldman sachs is positioned as the loser fun but they've got a huge cut of the money that j.p. morgan made on this deal they worked together it's a troika on wall street those two guys and geithner it's this racketeering and libya the if they thought they were bad with their weapons and their hijackings and what they did know of bad was until going to blurt out what j.p. morgan now the gadhafi you know isn't a terrorist really looks like well so you see her thanks so much for being on the cause the report thank you max go away much more coming your way so stay right there. immediately. back to the

deals with j.p. morgan unlike some other deals notably some investments run by the u.s. bank goldman sachs j.p. morgan's had never turned bad max this is a classic dead book swap this is how the bankers operate their scams so half the money goes to goldman sachs they lost ninety nine percent of it j.p. morgan apparently didn't lose money for them right this is a classic example of cartel thinking or mafia thinking or racketeering j.p. morgan and goldman sachs work together on this and i can break that story here just like you broke this tony blair story months ago i'll tell you right now this will come out in three or four months and j.p. morgan goldman sachs tag team bolivia with tony blair and that goldman sachs is positioned as the loser fun but they got a huge cut of the money that j.p. morgan made on this deal they worked together in. wall street those two guys and geithner it's this racketeering and libya the if they thought they were bad with their weapons and their hijackings and they didn't know what bad was until tony blair showed up with j.p. morgan now they o

of j.p. morgan by propagating this form of financial terrorism is by definition a financial terrorist ok so he agrees that human behavior can create unique investment opportunities that this chaos can create opportunities so when you read a headline like jamie diamond's tie read against bank regulators he threw a hissy fit about a capital surcharge for the systemically important banks diamonds tirade was directed at mark carney bank of canada governor in a closed door meeting in front of more than dozens of leading bankers and regulators the financial times reports according to the f.t. things got so heated that goldman sachs c.e.o. lloyd blankfein sent an apologetic e-mail to carney afterwords. but. there is by fun doing the bad cop routine screaming at a financial officer of another country get some completely frazzled and income smooth lawyer bald lawyer smooth come in and talk him down good cop bad cop and this is what we saw some guy in or in europe try to get merkel to accept european tarp who

j.p. morgan's companies namesake john perry point morgan diamond was heralded as a as the lender of last resort when other institutions faced a run on their assets that's a ridiculous comparison j.p. morgan the big guy he was his money yeah jamie diamond has all access to borrowed money he's a he's a he's a full saw that exactly well that he has access to the taxpayers' aaa rating to borrow at zero percent from the u.s. treasury and the federal reserve bank on behalf of the u.s. taxpayer so you mean double life plus double talk of a late class all right. thanks so much thank you max don't go away much more coming away stay right there. mission. critical free. free. free free. free. choose three. free book deals for your media projects c.e.o. don carty dot com. welcome back to the cause report imax keyser time now to go to new york and talk with nick verbinski he's the director of the new. film called confidence game a documentary that examines the final week in the life of investment bank bear stearns let's take a look at a clip as bear was shoving billions of dubious loans through its c.d.o. p

resort when other institutions faced a run on their assets that's a ridiculous comparison j.p. morgan the big guy he was his money yeah jamie diamond as a whole access to borrowed money he's a he's a he's a full song exactly well but he has access to the taxpayers aaa rating to borrow at zero percent from the u.s. treasury and the federal reserve bank on behalf of the u.s. taxpayer so you need doubling plus double double a class all right ok sarah thanks so much thank you max don't go away much more coming away stay right there. welcome back to the gaza report on max keyser time now to go to new york and talk with nick verbinski he's the director of a new film called confidence game a documentary that examines the final week in the life of the best in bank bear stearns let's take a look at a clip as beer was showing be. williams and dubious loans through its c.d.o. pipeline management worked hard to cover up any problems along the way something van leeuwen found out when it was discovered that the firm had illegally sold investors millions in securities holding loans originated in wes

my background but i do just as a global citizen as well plan only i want to get into this crash j.p. morgan by server campaign as a way to force a resolution when i was in athens last time i was mobbed everywhere i went because you know the mainstream media in athens that is not really covering the the slash troika hostile takeover of greece we're the only people that are covering that crash j.p. morgan by still recant pain is open live and kicking in greece of course you can include goldman sachs of that campaign as well who fraudulent disgraced to join the arrow by selling them illegitimate illegal contracts so your thoughts on the crash j.p. morgan by summary campaign any stand you are on you're supporting this is why i am my first i was skeptical because because i saw all that j.p. morgan leased from a zero hedge article had basically just dumped their shorts and an unregulated company company but then i started to think about the larger processes i mean the first first thing i'm one of my major concerns just as a regular citizen is i want to connally's bad start that help people make a

of buy on wall street probably in history right and then of course j.p. morgan after acquiring those assets for less than pennies on the dollar they turned around and got a multi hundred billion dollars bailout fund that american taxpayer so fantastic for jamie guy and again another legendary scam star clarify some of the points there going back to the one nine hundred ninety nine and a long time capital management scandal when that had fun collapsed and wall street came together to bail it out with this huge multi-billion dollar bailout one firm did not participate and there was a stigma attached to that firm was that bear stearns or lehmann it was actually both. lehman only because their every firm on the street was told by the president of the new york fed if they all had to kick in three hundred million dollars per to bail out long term capital management what ultimately happened was that lehman only kicked in one hundred million and bear pretty much told the fed to take a hike between basically sold bear stearns is really a vendor cologne term capital they

j.p. morgan deutsche bank funds now this was due to the fraudulent toxic assets or lent fake assets that were sold to milan and six hundred italian municipalities were sold thirty five point five billion euros in toxic derivatives that's right so these municipalities in italy were sold fake securities that went to zero in value because they were fake to begin with and now oh here's berlusconi saying he needs approximately the same amount of money. imposed an austerity measures to basically pay now for the toxic securities that were purchased to begin with and this is a pattern we see over and over around the world it's happened when fishing towns in norway it's happened in alabama in america it's happened all over italy happens all over the world the municipalities the governments the local banks buy securities german banks but trillions of dollars society in general was decided general going to declare bankruptcy in the next ten days because they bought fake securities from wall street they crea