j.p. morgan chase's of the j.p. morgans and the of the of the other banks saying that they did need money while they did and while they were getting so we saw that they're hiding a lot of what they're saying in public and things aren't as good as they claim to be you know there's been a lot of bed that's made out there we saw volatility in the markets as some are like no one's ever seen before and now we're going into the volatile season so yeah i think we should be worried about goldman sachs we should be worried about morgan stanley that was the one i was thinking of and j.p. morgan chase who in two thousand and eight two thousand and nine at the height of the financial crisis we say their balance sheets was solid while the federal reserve is pumping hundreds of trillions of hundreds of billions of dollars worth a load sensitive but on the flip side jerrold i mean we hear companies like morgan stanley like goldman sachs and nobody can forget i think shortly after being bailed out you know under tarp goldman sachs i

j.p. morgan chase just recently said you know what all of these measures the try to take a basel to make us increase our capital there. i know you're right edward we have that we have that both great can we bring it up a little read the quote straight from the article he said it in an interview with financial times he said i'm very close to thinking the united states shouldn't be undoubtedly more i would not have agreed to rules that are blatantly anti-american our regulator should go there and say if it's not in the interest of the united states we're not doing it are these regulations not an interest of the united states to have capital or partly it's positive for j.p. morgan chase and it's positive for america if the world because it may be over the short term it's negative because their own needs will take a hit and they want to have the good sort of capital so you're saying that banks are just trying to preserve their interests and interest of making more money because of course they go if they make more body that's great for the because they'll be paid a lot of bother if bad things ar

j.p. morgan chase and other big banks is very real to many americans it's a different kind of. of terrorism that that they're causing since two thousand and eight know the bank bosses in charge during the mortgage meltdown have done any jail time instead they were the recipients of bailout some bonuses well millions of americans suffer through foreclosure unemployment and financial ruin shapers flames symbolize bringing the current system down i think we need to reform our banking complete system. really besides the repeated visits from police shaffer also says recent online visitors to his blog include employees at j.p. morgan chase as was members of the department of justice well that's what my dad said this morning when to call it you need to get a lawyer and find out somehow if you're on the watch lest schaefer maintains a good sense of humor about the ordeal and his symbolic bank burning seems to be resonating with the public and i started the bidding off at nine hundred twenty bucks and it's a ten thousand one hundred now that's the big money statement he definitely plans

j.p. morgan chase and deutsche bank. on the plus side, august auto sales rose 7.5%.ay better than expected. august's same store retail sales were slightly below expectations but macy's and costco rose on strong sales. >>> ceiena posted the first profit in three years. it would stop streaming its content on the service. and finally, chock it up to another casualty to the digital age. the blue corner mailbox, the postal service removed more than 60% of the familiar neighborhood mail drops. be hanging out in a dark place with pay phones and thank you notes. >>> coming up, the yankee red sox rubber game. the heisman trophy winner throws a pro touchdown. the brewers show their major league sense of humor. >>> the opening game of the college football season. your first look at sports is straight ahead. you're watching first look on msnbc. welcome back to fgs first. i'm lynn berry. it's a classic look at baseball. a struggle between the red sox and the yankees. here's nfred roggin. new york is now 15 games without rodriguez after beating the red sox. maybe they can sign gol

j.p. morgan chase and goldman sachs and deutsche bank. the finance agency accuses them of misrepresenting the quality of mortgage-backed securities that lost value when the housing market collapsed. the securitys that were backed by the sub prime and other risky loans, brut -- but were labeled safe investments were at the heart of the issue in this case. >>> for the second time in a year federal investigators are looking into a natural gas line explosion involving pg&e. pictures show how wednesday's blast damaged this cupertino condominium and even left small fires burning in the yard. nick smith is live with more on this story. >> pg&e didn't have an ability to stop. so they had to cutoff the gas, and you can see pg&e crews gathered behind me to continue their work. >> sky 7hd captured these imagesthat burned for more than an hour and a half after the pg&e crews arrived to cutoff the flow of gas that caused an explosion and fire that would eventually level this garage and destroy this condo. >> they are really doing their jobs. that's wh

j.p. morgan chase it's a class war between creditors and debtors it's going to be a fight between the financial sector and what's called the real economy the economy of production and consumption and the financial sector has prepared and positioned itself to come out on top by being able not only to foreclose on the property of debtors but to get a government bailout for all of its losses. because . employment is going to go down market going to shrink people are going to default even more on their mortgage debts on their credit card debt on their student loans so you're going to have an exponentially rising trend of defaults you're going to see a transfer of property from debtors to creditors a depression not only a depression but an economic polarization it sounds bad yes it's very bad. the media was now out in force covering the protests many would not talk to them like. there was a girl you know something. to me when i tell so why do you think people don't want to talk to you because they hate you they think the media is part of the problem thing. they don't think that you're going to help

j.p. morgan chase fell 3%. on the mrs. service sector which employs 90% of america's workforce grew for the first time in four months. packaging company temperature will-inland jumped 25% at international paper agreed to buy it for $3.7 billion. sun owe he could rose over five points on its plans to get out of refining and instead focus on logistics. >>> carol bartz was fired asa hoo's ceo nearly three years into a turn around that failed to fully materialize. and finally, america's most expensive car to invur. this is no shocker. an average of just over $3500 a year, the 12 cylinder mercedes sl 65 amg. looks nice. the cheapest, the four door six cylinder chrysler counsross-ich country minivan at $1,100. >>> this is an important story. a study suggests if taking early in pregnancy, common anti-inflamatory drugs such as ibuprofen may increase the chance of miscarriage. >>> studying records of auto,000 canadian women, the risk of miscarriage more than doubled in women who took such anti-inflamatory drugs during the first 20

j.p. morgan chase and goldman sacks. the banks misrepresented quality of the mortgage securities. >>> the united states did not add any new jobs in august. it's the weakest showing in nearly a year. nationally unemployment held steady at 9.1%. president obama will unveil his jobs plan on thursday. but people unemployed right now are running out of options and as michelle miller shows us, their only hope is going to war. >> ready, begin. >> one, two. >> joining the marines was not part of tyler mitchell's career path. mitchell graduated with a degree in film and video last year. >> mitchell. >> yes, sir. >> he couldn't find a job in chicago. >> the economy makes it really tough right now. people say you go to college, you get a degree, you'll get a great job. well nowadays, that's not the case. you get a degree, you get a lot of debt and you don't get a job. i can't get the job in the civilian world. why not go with them? >> mitchell will be a combat correspondent for the marine corps. >> i'll get healthcare. i'll get fin

j.p. morgan chase jumping into the fee game. j.p. . others like suntrust from atlanta are already using the $5 fees. the question is, who follows and how many customers bolt? matt gutman, abc news, miami. >>> that story makes me so angry. >> think of the profits they're bringing in. it is hard to believe they're going to pass another fee on to customers. let's look and see what some of the bank ceos are making see where that could be cutback. >> nickel and diming us. all the way to the poorhouse. >> unbelievable. >> in other news -- the nation's most severe immigration law has taken effect in alabama despite three lawsuits still pinged. >> among the controversial law's provisions police can actually detain any one they suspect of being in the country illegally and hold them without bond. officials can check immigration status of students enrolled in public schools. a lot of fear down there. some people held their kids back and said we're moving or taking them out they fear they'll get caught while in school. >> in italy, attorneys for

j.p. morgan chase and bank of america together the financial times reported they originated one hundred billion dollars in sub prime mortgages but two thousand and five and two thousand and seven almost three quarters of the total. were aided in the mortgage industry i first got involved it got legs i was a loner rejuvenator. and during that time what i had seen was nothing short of amazing in terms it was very predatory the techniques that were being used the this salesmanship that was being used the gimmicks of the loans and how it was structured it really disturbed me catchall to this and how they can get away with that is people here full disclosure depending on the lending institution you went to you know the words of bank of broker or lending institution or three different all three have different sets of regulations that govern them and so full disclosure was it necessarily important to the loan itself just get them to sign on the dotted line if they were happy with the numbers you have a little. my name is mole but our number one say basically what we do is in someone's house organizati

j.p. morgan chase and goldman sachs. and joining us now our washington bureau chief darren gersh. darren, what is the central allegation here that the federal agency is making against these big banks? >> you know, tom, it's very interesting. basically, the federal regulators are suing these banks as an investor, and they're saying that the banks when they put together these complicated mortgage-backed securities, basically didn't follow underwriting procedures, and essentially lied to investors about the ability of these borrowers to repay their alones. very interesting detail in here is some of these suits allege that the banks hired due diligence firms to make sure these loans were okay and then ignored their advice. if that's true, that's very damaging. >> tom: very damaging. it's not the first time the banks have been alleged to have behaved improperly when this came to hand, out these mortgages. i want to ask first about request possible remedies here as they try to negotiate a settlement, perhaps. >> when i was adding up the amount of money involved, i thought my calculator

j.p. morgan chase and goldman sachs and deutsche bank. the finance agency accuses them of misrepresenting the quality of mortgage-backed securities that lost value when the housing market collapsed. the securitys that were backed by the sub prime and other risky loans, brut -- but were labeled safe investments were at the heart of the issue in this case. >>> for the second time in a year federal investigators are looking into a natural gas line explosion involving pg&e. pictures show how wednesday's blast damaged this cupertino condominium and even left small fires burning in the yard. nick smith is live with more on this story. >> pg&e didn't have an ability to stop. so they had to cutoff the gas, and you can see pg&e crews gathered behind me to continue their work. >> sky 7hd captured these imagesthat burned for more than an hour and a half after the pg&e crews arrived to cutoff the flow of gas that caused an explosion and fire that would eventually level this garage and destroy this condo. >> they are really doing their jobs. that's wh

j.p. morgan chase and deutsche bank also among those facing actual. american scientists have warned nasa that the amount of space struggle was in the earth has reached a critical and potentially dangerous level reports say that they could damage or even destroy satellites as well as proof a tool to spacecraft experts have called for research into solutions that include using magnetic nets and giant umbrella's for a cost basis we've got to clear away the rubbish. in just a few minutes on special report on the antiwar movement in the u.s. that amergin the vietnam conflict and how it changed the course of history but before that you year brings us the latest business. thanks alice everyone welcome to the business program ukraine is preparing another move in the count's dispute that's become a chess game with russia and the country's prime minister says q forced to close down its gas monopoly naftogaz this would allow it to revise all its existing contracts something ukraine is keen to do it's been wanting to renegotiate the current deal with russia claim

j.p. morgan chase which as we pointed out here on the kaiser report jamie diamond their c.e.o. said he only took twenty five billion dollars from the government as his patriotic duty so one wonders if out of shape or would now be referred to as a patriot had he accepted government bailouts right if the cops gave him twenty five billion dollars on the spot that would make him a patriot in fact he's calling attention to fascism in america something glenn beck never does is to the senate and say america and the biggest proof that this guy glenn beck site the blaze dot com gets it all wrong is he mentions that the buyer of alec shaffer's art for big bucks at twenty five thousand two hundred dollars is a german art collector as if anybody in america could afford a nice piece of art when you get sixty million of them in america on food stamps more than one hundred twenty million at or below the poverty line nobody in their can afford art anymore it's a luxury for people with functioning democratic states like people in germany but the reason why they can't afford it is because they d

j.p. morgan chase and. also among those facing action. in sciences that will nasa space junk all but in the it's reached a critical attention a dangerous level reports say the day could damage or even destroys satellites as well as proof a call to space craft experts have called for research into solutions that include using the netting nets and giant our brothers for a cosmic sweep up to clear away the rubbish. they coming up this hour cross talk gaffer discussing what future the end of the kentucky regime will bring to the nation but first you need is here with all the latest. hello and a very warm welcome to the business update ukraine is preparing another move in the gas dispute that's become a chess game with russia the country's prime minister says he wants to close down its monopoly not to guts let's see russia has details. the ukrainian gas monopolist natural gas company will cease to exist that is according to the ukrainian prime minister hugo as article stated that in the next several weeks they will find means to rest structure

j.p. morgan chase and bank are among. those facing anshan the mortgage giants fannie mae and freddie mac. lost more than thirty billion us dollars parties used the deals for the government bailout in two thousand and eight and you say with us you the next step would be r.t. business update. hello and a very warm welcome to the program ukraine is preparing another move in the gas dispute that's become a chess game with russia the country's prime minister says keefe wants to close down its gas monopoly nuff to guts this will allow it to revise all its existing contracts something ukraine is skin to do it's been wanting to renegotiate the current gas deal with russia claiming it's too expensive moscow says it will only consider cheaper gas if joins a regional customs unions all sell its line to russia because jim seaman of from russia's natural national energy security fund says any breach of the existing contract would just drop gas supplies to europe. if they said no no left i gotz. it's real that there is no illegal. thro