having dinner on his birthday in some intestine some regulator somewhere this well you don't see jamie diamond and this tape worm at the same time in the same room. basically because there's jamie. move move to the moon and jamie diamond the day we're i devoured the u.s. economy i steal people's money then left global a. room to. live in america's financial. yes i'm to be done like about every once in a while to collect my check for committing massive financial fraud like i do the oil i authorize and i knew about it i could in a massive fraud i could not get my check i go back up americans for the children. well the taif for him especially adapted to parasite it has no gut head or light sensing organs but has a unique surface able to withstand its host digestive acids while still absorbing nutrients we can buy just those acids by putting those talks to grist for the bone to the federal reserve bank so that was the building out because he's a parasite it was dangerous parasite jamie diamond itis the reason the value of the us economy spoke to us a stricter sphincter just jamie diamond i'm here

jamie diamond i'm here to destroy your life tapeworms can grow up to ten feet in this case jamie diamond i think is only about i think it's. you know bob is waiting to take form. two firms also from this genetic decoding of their d.n.a. they found that they're actually remarkably similar to a cancer so again that's a very apt comparison to make jamie dimon to the tapeworm absolutely you know there was a gift to bear stearns and he's been marauding his way through the too big to fail landscape becoming even bigger to bigger to fail even less bigger big big in eric holder and shaking interest desk it's disgusting well we're going to move on to this next headline because it talks exactly about that how to being to jail has become and his influence over the political class leaman creditors can question london whale says judge a bankruptcy judge gave creditors of lehman brothers the green light to subpoena former j.p. morgan trader bruno extolled the so-called london whale in an eight point six billion dollar lawsuit against the bank remember j.p. morgan was lehman's a clearing bank and so as

morgan and jamie diamond if they caught breaking the law like they are repeatedly they just more to pay the fine so it's really a nonevent a matter of fact without that manipulation the u.s. economy would crash now which government officials learned of this how did they learn of the manipulation and what was their response just break that down well there was a lot of complaining on the trading for that day by traders who actually wanted to to buy or sell it at a lower price. when they investigated it but there is a agency within the u.s. government called the commodity futures trading commission that is in charge of the energy and the commissioners got together and they decided they were going to call it a non bonafide trade so instead of calling manipulation they said it was a non modified trade and interesting lee it was a republican commissioner scott o'malley who said i don't agree with. a very well thought out dissenting opinion saying it's extraordinary that market is vital is the oil market were clear manipulation is taking place and yet we call it a non bonafide train let everyb

barclays lloyds royal bank of scotland bank of america jamie diamond goldman sachs now throw in standard chartered. well let's talk about another offshore location bank. going through some crisis here cyprus tell us what your take is on the current situation in cyprus post a press has long been a national island also used as a tax shelter just like jersey and so i think probably what's going on there is probably a harbinger of possible things to come i think it's pretty mad world when people have to posit are being threatened with having their deposits taken away from even if they are rushing in if they might have more money than other people doesn't seem that that's going to happen the banking system it's either this is usual or we're stealing our money there's a problem that's the only choices we have or there's two kinds of layers here there's the institutional layer of fraud where banks are really ripping each other off and they see this in the futures market the commodities market a lot more but now we're entering a new era where the retail deposits are being confiscated to pay off

the job i'm not here please out of my hiding from you please i'm afraid of jamie diamond in the top you know a lot of guy in america is cowering under his desk right now the banks. where there's sheer terror that jamie diamond might call him up that's a problem barack obama needs to put somebody into tony general's office who's going to complete would that would be a good step forward and they're claiming they're saying no we can't prosecute the banks because if we prosecute the big people will lose faith in the banks then and people might not invest well what does that mean i mean the banks are going to trickle down i mean if they hoard all this wealth in is just insane telling us that they can't prosecute anyone and these financial to do something to talk about the gambling thing that you were saying earlier about the volcker rule we have occupied the f.c.c. suing j.p. morgan wells fargo to push for the volcker rule similarly we have of course pushing to reinstate glass steagall but i mean even if these initiatives went through what they're really addressed the problem here is wal

caught manipulating markets rather jamie diamond in the silver market or whether it's going to agro in the oil market their defense is always that well we're adding liquidity we're making a market and we're doing something important and laws don't apply to us it's not ever going to change i think in this case for bragging in an email you know one of them said some people are friends we could price print so they didn't have a defense in this case. there but do they need a defense when you have the regulators and the government officials paying tribute to these guys doing heroic work by breaking laws acting outside of the law manipulating markets they're lauded as heroes do they don't need a defense. i guess. so far no right because what we're seeing is the regulators know what's happening in this case the traders were not fine they were not punished con agra paid twelve million dollars but that's pocket lint to them while they commit relate marcus to pay the fine so there's a a just b. c. barclays bank of america j.p. morgan jamie dimon if they caught breaking the law like they are repe

i am max kaiser welcome to the kaiser report happy birthday jamie diamond on the very day so branding your birth scientists coated the d.n.a. of the tape worm stacy ever tells one yes max kaiser indeed max it was jamie diamond birthday a few days ago and new york times deal breakers celebrated with a happy birthday jamie diamond and they talked about his birthday from march thirteenth two thousand and eight in which he was eating dinner at a greek restaurant and received a call from gary parr. and to ask him to rescue bear stearns but on the same day this year we noticed that yes indeed scientists.

having dinner on his birthday in some intestine some regulator somewhere this well you don't see jamie diamond and this tape worm at the same time in the same room. basically because there's jamie. move move the. guy with the tape or i devoured the u.s. economy i still peoples money that have global do a. good thing.

because there's anonymity there's power you're taking a stance against the paper pushers like jamie diamond over at j.p. morgan and this is really this is the currency of the resistance. let's look over and back at the dow jones because that did hit an all time high and i will look at charles be your man and his daily video podcast where he talks about this so that brings us to today's reality where the u.s. economy is in or a session in recession to find this declining after tax income year over year net of inflation and the u.s. stock market is percentage points from an all time. but u.s. company insiders know what's really going on going on so it's no surprise to me that insiders that u.s. companies have bought the least amount of shares in any one month and also that the ratio of insider selling is now fifty to one those numbers that's the most those monthly records of the most by insiders sell by and the least amount of insider buying since we started tracking insiders in two thousand and four so insiders are selling at a ratio fifty to one he says but on top of that chairman bernanke

morgan or jamie diamond completely in an illegal fashion that they broke the law they want to head of their customers and they certainly stole a billion dollars so that was really the warning shot wasn't that the game that the rules have changed that no deposit a safe anymore. i know the rules have changed you know the rules have been revealed you know they're probably always have been the same what is interesting is the fact that the banking system in the e.u. in the e.u. area is so fragile to begin with and anybody who came up with this idea obviously doesn't understand bank finance you know the most ubiquitous the most important and the most fleeting of all banking finance sources is the deposit because they can withdraw their money at this or they should be able to and that is the money that is the most feeding and at the same time. if you go on. anybody in the. whole you know the deposit over this but deposit holders the thought of this to be less powerful and that's been the story since two thousand and seven two thousand and eight when this global financial crisis first hit the

at first, jamie diamond in the april media reports about the wheel trays or a tempest in a teapot.and let later the bank admitted the truth of their creditor of the defense had gone south, producing not only losses that eventually exceeded $6 billion, but also expose any of the air risk management problems than what had been considered one of america's safest banks. jpmorgan chase is the largest financial holding company and the souls of the largest derivatives dealer in the world and the largest participate in world credit arcade. it is portrayed itself as a risk management expert with the fortress balance sheet finisher is taxpayers have nothing to fear from its extensive dealing and risky derivatives. but that reassuring portrayal was shattered when will trade boss is shocked the investing public that with only minor to a losses, but the financial risks have been largely known to regulators. the subcommittee meets after nine months of digging into the facts behind the wheel trade. the subcommittee collected nearly 90,000 documents and has issued a 300 page bipartisan report. the

. >> your farmer abbas jamie diamond criticized the performance same quote, made a terrible egregious mistake, no excuse. when you are sloppy,, we knew there was bad judgment. do you share your farmer abbas' assessment of the scp? >> now that i understand all that transpired during that time, including deception and risk control issues, yes, i do agree. >> evening and in the subcommittee interview you could only provide a gusto that when asked exactly what the portfolio was designed to hatch. do you stand by that statement as well? >> certainly that wasn't the best word i could have chosen. alexander $2.5 trillion balance sheet, macro headshake, which are fluid at the balance sheet changes do change and that's why in response to love and the positions to go up and down. they have to. it's time at process. poor choice of words, but i would not know the exact amount per se of each individual hedge versus the balance sheet. any hedges were limited to the balance sheet and its components. >> mr. weiland, you indicated an interview that he was not your job to enforce the risk laments even

jamie diamond got twenty two million dollars last year the highest among american bankers mike rieves from stand their chartered earned more than thirteen million dollars the most for european bankers however their salaries pale in comparison to those in food bowl where lionel massey and david beckham's earnings topped fourteen million dollars in fact star player fell or is have grown more than fifteen times over the last two decades while most of the globe is tightening its belt the two market worlds of bankers and football players seem swollen with growing bonuses bunkers get too much money for the value. to society it seems to me to be wrong bankers get so much money. my job i think is wrong with footballers because so much money. but after all what does a footballer do to society you know to generate millions and millions of dollars of compensation a tenet of economics is that in competitive markets people get fair pay for their talent their capital inputs and for bearing risk but to manage disagree you repressed the buy austerity europe plans to put a cap on bankers' bonuses next

i am max kaiser welcome to the kaiser report happy birthday jamie diamond on the very day so branding your birth scientists coded the d.n.a. of the tape worm stacy.

around the fact the price of water is going to go up now what's happening on wall street stacey jamie diamond of j.p. morgan you've got lloyd blankfein of goldman sachs you've got the banks in europe they're going to create water futures and water derivatives and securitised water to make it something that only a sheik and in saudi arabia accept at all the one guy who's not in the top ten richest guys in the world ha ha ha ha all he was a good little ponsonby you know the top ten on the forbes list hall ha i also thought the guy was overrated and citigroup bailed you out all the one wad saudi arabia turkey or whatever that you think you are you're a fake so two point six million californians relying groundwater so we're looking at the sinkhole of the cost therefore that have to go into it and in this case it looks like farmers are going to have to eat the cost monterey county farm bureau executive director norm groot said additional taxes or fees and expensive regulations would place an unwise burden on an ag industry already struggling in recent years who said he hadn't fully n.y.c. report i

a big fat bribe under the table then law doesn't apply to you and they sure can afford to let jamie diamond to rape and pillage a neighborhood with credit default swaps and risk your guys mortgages you don't get enough in. so they're ready. and fannie mae owned so many homes across america and so many homes across america are meth labs and here's a chart provided by n.f.l. implode and you see that there are meth labs all over america but primarily in the heartland of the bible belt huge meth lab located in the smoke crack everyone knows that jesus was a methamphetamine addict that's why the evangelicals in america love the meth labs that's will hold together read the bible and smokes of track that's what evangelicalism in america is all about so this business of the government owning so many of these meth labs has created a new boom opportunity for business says max joseph. who co-founded meth lab cleanup in idaho has booked over fifteen hundred jobs inspecting and decontaminating homes being sold by fannie mae freddie mac. and other investors visit the told c.n.n. millions of people live i

because there's anonymity there's power you're taking a stance against the paper pushers like jamie diamond over j.p. morgan and this is really this is the currency of the resistance so let's look over and back at the dow jones because that did hit an all time high and i will look at charles beat her man and his daily.

it's not the stevie cohen's of the world it's not the lloyd blankfein to the world it's not the jamie diamonds of the world it's your little granny banks are just stealing money out of people's bank accounts they're victimizing their scapegoating little old ladies so little old ladies are the scapegoats for this whole granholm to feed the stevie cohen's of the world and then get all puffed up saying look i own eric holder i own barack obama i commit crime with impunity i own all the breakers and it's those grannies fault that soylent green watch is put grannies in your findus burgers and defendable gonna replace granny with a horse me have a granny burger. twenty three people have been killed in a wave of suicide attacks on mosques in iraq the violence comes ahead of prevention elections in april and is said to be carried out by al qaida cells to scare locals away from the polls and the run up to the vote at least eleven candidates for governor have already been assassinated geo political analyst sarah drives her told us that this is all part of a high level turf war caused by the u.s. invasio

quality yeah i'd like to see a plague hit the bankers as well but we don't have that instead we have jamie diamond making comments recently basically unzipped us fly and wave his way to and far the crowd said mine's bigger than yours and the crowd applauded wildly and even now we have the tools to decimate j.p. morgan by buying sell for their remarkably short sell for we could we could completely obliterate that terrorists but people are they love jayme they love is winning waving retain they love is what everything that jamie represents i don't think that the tools of the plague are there to wipe out the terrorist bank stars but the people same to enjoy the golden shower more now into this mix comes obamacare a major gift to the mega insurance corporations how does this fit into this financialization endgame scenario. i think that obamacare is like the perfection of crony capitalism that's been sold as being something wonderful for the for the people and by the by the profession of crony capitalism i mean that it insanely expensive care provided by cartels. that have totally opaque pricing and th