as jamie diamond on his way to work every morning snorting thousand dollar bills gifted him from crackhead cracker number one ben bernanke so what we have the war on drugs we have the war on terror and part of the war on terror of course is the war for oil as well james howard kunstler is pointing out about this this magical thinking about oil that america is now. believes that they are this saudi arabia the new saudi arabia that they're going to be able to displace saudi arabia as the king of oil when in fact most of that that they're talking about the supplies comes from shale oil which is let's practice rack. yes so. paris what the new oil landscape is in america compared to what it used to be he says horizontal drilling often more than ten thousand feet down plus many laterals an additional ten thousand feet horizontally and then fracturing tight rock for shallow oil is not only a way larger capital expense lots of steel but the flow rate per well eighty two barrels a day average are laughable compared to the house here on days of conventional oil little better than stripper wells so d

as jamie diamond on his way to work every morning snorting thousand dollar bills gifted him from crackhead cracker number one ben bernanke so we have the war on drugs we have the war on terror and part of the war on terror of course is the war for oil as well james howard kunstler is pointing out about this this magical thinking about oil that america is now. believes that they are this saudi arabia the new saudi arabia that they're going to be able to displace saudi arabia as the king of oil when in fact most of that that they're talking about the supplies comes from shale oil which is let prac crack. crack. yes so to paris what the new oil landscape is in america compared to what it used to be he says horizontal drilling often more than ten thousand feet down plus many laterals an additional ten thousand feet horizontally and then fracturing tight rock for chalo oil is not only a way larger capital expense lots of steel but the flow rates per well eighty two barrels a day average are laughable compared to the house here on days a conventional oil little better than stripper wells so duri

as jamie diamond on his way to work every morning snorting thousand dollar bills gifted him from crackhead cracker number one ben bernanke so we have the war on drugs we have the war on terror and part of the war on terror of course is the war for oil as well james howard kunstler is pointing out about this this magical thinking about oil that america is now. believes that they are this saudi arabia the new saudi arabia that they're going to be able to displace saudi arabia as the king of oil when in fact most of this that they're talking about the supplies comes from shale oil which is let prac crack. crack. yes so to paris what the new oil landscape is in america compared to what it used to be he says horizontal drilling often more than ten thousand feet down plus many laterals an additional ten thousand feet horizontally and then fracturing tight rock for chalo oil is not only a way larger capital expense lots of steel but the flow rates per well eighty two barrels a day average are laughable compared to the house eon days a conventional oil little better than stripper wells so during t

jamie diamond's pay was cut because of that but you can see there's a head shot there of jamie diamonde had a lot of regulation. this is go that goes in line with what we're seeing but this is big news to have calpers call for this and say it's a fundamental conflict. back to you. dennis: thanks very much, nicole. the china cyber threat. beijing's ramp ant use of espionage fuelling heightened concerns over the cyber preparedness. the issue making its way to capitol hill as the senate judiciary committee held a hearing last hour expecting the cyber threat to the u.s. and joining us from washington, we have a partner that's head of the law firm global security practice. thank you for being with us, brian. first of all, are the chinese really all that bad than everyone else in the world? we seem to point a lot of fingers at them. >> chinese are providing most of the attacks at this time. there's plenty of bad actors at this time, other rogue states, et cetera, but at least in terms of what we're detecting, massive volume is out of china at this point. dennis: what is china's biggest prior

jamie diamond's group is going great guns. they want greater control over the company and split the chairman and ceo role that jamie diamond had since 2006. big stories. >> a lot of people say he wants to keep the chairman job so when he retires as ceo, he can stay on as chairman. i want to ask you, yahoo obviously, a high profile ceo. they make a big acquisition. what is it and will it make a difference? >> tumblr, it's for people like me and you, the young crowd that, like being on the social networks. the thing is it's big already. it's got 175 employees. they pay $1.1 billion for it. only one slight problem for business people like me and you. it only made $13 million last year in revenue. that's revenue, not profit. $13 million of revenue. paid 1$1.5 billion for it. you do the math. >> all right. steve, have a good monday. steve siege wick liedgwick in l. >>> there is a winning powerball ticket worth $590 million. that is the largest in u.s. history. a single perfect ticket was told in the tampa, florida area. tv satellit

easy chief to keep wall street in line well maybe she could rail and a whale of a banker like jamie diamond as the u.s. attorney for manhattan she was. some high profile cases against mobsters terrorist and financial probs while securing convictions against the mastermind behind the one nine hundred ninety three bombing of the world trade center and against mobster john gotti bad but there is another side to mary jo white one that was made humorously evident during a panel at the n.y.u. school of law. finally to my extreme let's we have mary jo white currently a partner and head of litigation that dept boys and plimpton where she seems to represent just about every a defendant or institution that has anything to do with any of the financial crisis cases out there what can i say to follow that. since two thousand and two as she has defended some of the biggest names in banking including morgan stanley and bank of america to her connections with these big banks matter well in two thousand and ten white grow in emotion some have looked to assign blame for every aspect of the financial crisis e

real estate and it's really up to chance but here the dice is loaded because as you mention a jamie diamond or lloyd blankfein they've loaded the dice they always win as they go around the board and they went up was the highest rent seeking properties imaginable they also convinced the bank that every time they pass go they get a bigger and bigger free injection of zero percent interest rate from the bank from the central bank from the federal reserve from the e.c.b. so they're really gaming the system into very important ways they're bankrupting all the competition and they're gaming the central bank to give them billions and billions of free money that's why so many people are starving to death that's why it's an economic financial hole of cost as paul moore former boss regulator has pointed out one hundred million people thrust into poverty because of the gaming of the system and rent seeking around the but hopefully board that is the city of london and wall street so they i am half has noted that they're concerned that every. single central banking government most seem to be following t

what about something like a jamie diamond? now he seems to be j.p. morgan. e the same type of view with that stock? >> no. not at all. jamie doesn't pull the strings that warren pulls, both with regard to the invest. portfolio and buying companies, preferred with attached warrants. >> that was jamie diamond. >> yeah. jamie doesn't pull the strings. >> will his successor actually have access? will they be the investor of last resort in the next financial crisis? >> that was one of my questions whether with him gone and the loss of the buffett, would he be able to get those deals. and his response was basically that, yes, i will be gone. but replacing my persona, will be a huge amount of capital, and we will continue to be able to buy things very quickly. i'm not exactly sure if i agree with that. >> real quick, anything in the market internals tell you that we're getting close to a top? or is this thing still full speed ahead. >> i don't know. i'm a bad person to ask. >> we'll leave it there. doug kass of sea breeze partners. >> i hate to talk about mr. buffet

this seems a big consensus that jamie diamond should keep both roles but until the vote comes through we don't know. but we do know how capitol hill was going today while the lawmakers grilled recently ousted commissioner of his role of the i.r.a. scandal. where he was glued to the hearing. >> steve miller took a lot of the today from both republican and democrats over the controversy of the irs screening applicants -- application for nonprofit organizations for tax-exempt status and targeting conservative groups in the process, delaying the applications, following up with lots and lots of questions and some have been out there two or three years according to some of the documents produced at the committee today. but miller took some of flak because he refused to call it targeting. >> the witness says this is political so we always look at political where is the word progressive? >> i am not arguing the list was bad and conservative based. >> excuse me i will reclaim my time because then i say it is targeted. you cannot have that both ways it is targeting is 16 times in this report th

about american idiot who is waddling a warrant around from you know food stamp the food stamp jamie diamond suit stamp program member imagine the rest of world you know the americas only four percent of the population of the world or less and they're for the most part stupid as wood as a bag of bricks the rest of the world however fairly educated they see these idiots wobbling around a wal-mart trying to thirty percent off a toaster and stabbing each other like i'm going to buy gold if that's the way the world's going now i'm going to buy gold now they're rushing in to buy gold thank god they are thank god they watch your show thank you well that's because on the other side of the equation you have the paper attics and the paper addicks are you know just like a drunk on the street is handing out his cash he thinks like i'm a great guy i'm so together again no teeth pimply faced raggedy clothes and he stinks like urine he thinks he's the coolest thing on earth but he's giving away all his stuff and people are stampeding to take it now premiums paid by wholesalers and bulk buyers in dubai to

heart wrenching stories about predatory lending and just days after the shareholder referendum on jamie diamond let him keep his top spot on the board and people are going is going on the off and they are already for enforcement action against the bank for human resulting from alleged money laundering violations and risk management issues from the one did wales walkable now in response to j.p. morgan.

lion's den and emerge with his head held high and jamie diamond in toast is retained chairman hood tonight over robo signed a foreclosure affair but the u.s. and its developed counterparts may not have been fairing so well as debt begets debt it's a crisis of sorts bill w. from the new york fed tried to teach us a lesson about japan saying they just don't print enough. but they are they are now so no worries right or wrong we're going to we're not making any predictions on this but we'll keep you updated on what the world prime interest adverse unfolds and that's all we have for today things are tuning and make sure you follow us on facebook at facebook dot com prime interest and from everyone at prime interest i'm sorry i'm boring but break. please. primarily it's to allow the crops to drink poison. herbicide. eighty five percent of all the g.m. crops are sold with the earlier side that it's designed to not to die from. so rolled up ready soil is designed not to die from around the earth as genetic engineering is on the coat tail of conventional and culture that is characterized by the pr

heart wrenching stories about predatory lending and just days after the shareholder referendum on jamie diamond i'll let him keep his top spot on the board of gay people are going is going on the off and they are already for enforcement action against the bank for human resulting from alleged anti money laundering violations and risk management issues from the one did whaled waffle now in response to j.p. morgan is diverting hundreds of people to its oversight and control group and cutting costs from several new programs that were just wondering and mark your calendar on the day that it happens exactly when it gave you are going to hire tops .

morgan's jamie diamond and goldman sachs's lloyd blankfein who have cause real damage to america get off with barely a slap on the wrist just this week j.p. morgan avoided another court case that could have led to criminal charges by paying a small fine schwartz was a political organizer and internet activist you want americans to have access to a free and open internet as a result of downloading a few academic journals that he intended to make public schwartz was facing decades in prison and ultimately took his own life many say for that very reason meanwhile j.p. morgan c.e.o. jamie dimon has been alleged multiple times to have committed criminal actions including criminally withholding information from bank regulators his bank and virtually all of the other big banks forged documents politely called robo signing and lied to borrowers and even in some cases to their investors if the little guy did that he'd be in jail for years for fraud but diamond blankfein is their wall street fat cat buddies they're doing just fine and they continue to rake in multi-million dollar bonuses your

heart wrenching stories about predatory lending and just days after the shareholder referendum on jamie diamond let him keep his top spot on the board and morgan is going on the off and they are already up for enforcement action against the bank. resulting from alleged money laundering violations and risk management issues from the london whale debacle in response to j.p. morgan is diverting hundreds of people to its oversight and control group and cutting costs from several new programs that were just wondering and mark your calendar on the day that it happens exactly when you were hired shadow regulator promissory financial group to rubber stamp its initiatives and finally according to the wall street journal the world is running out of u.s. treasury bonds. you might think that's an extraordinary claim considering the trillion dollar deficit but the forty five billion dollars per month of purchases by the fed are removing a key source of quadrille for the shadow banking system hedge funds are banks. and hedge funds and banks traded treasury securities for cash and the process continues thanks

also jamie diamond displacing head wins a shareholder advisory firm has suggested that he be stripped from his role as the chairman of the j.p. morgan board the bank is facing a slew of regulatory investigations everything from failing to detect bernie made off suspicious trading to bilking states for millions in extra energy fees the bankers residents walk experts of like the masters is also under fire masters who is most famous for inventing credit default swaps is accused of lying under oath to regulators about this energy scheme one of j.p. morgan's most famous investors buffett isn't discouraged he says he's one hundred percent for jamie we'll see how mr dimon holds up in our bankers come do what the bottom of the show. and the annual shareholders meeting for berkshire hathaway buffett promise burning are he praised bernanke calling four and a half years of near zero interest rates and two trillion dollars in bond purchases smart policy.

also jamie diamond displacing headwinds a shareholder advisory firm has suggested that he be stripped from his role as the chairman of the j.p. morgan board the bank is facing a slew of regulatory investigation everything from failing to detect bernie made off suspicious trading to bilking states for millions in extra energy fees the bankers resident swap expert to blighty masters is also under fire masters who is most famous for it inventing credit default swaps is accused of lying under oath to regulators about this energy scheme one of j.p. morgan's most famous investors one buffett isn't discouraged he says he's one hundred percent for jamie we'll see how mr dimon holds up in our bankers cup duel at the bottom of the show. and at the annual shareholders meeting for berkshire hathaway buffett promise burning or he praised bernanke in calling four and a half years of near zero interest rates and two trillion dollars in bond purchases smart policy bizarrely he distilled leverage calling it heroin and catnip mr buffett where do you think. he's not optimistic on gold or big going and s

morgan that will decide whether or not jamie diamond will be stripped of his chairmanship but some shareholders are crying foul and have called on the securities and exchange commission to enter this is after a company called rod ridge which is supposed to provide updates on shareholder votes suddenly stopped reporting this information on friday. and finally apple c.e.o. tim cook goes to washington tomorrow to testify over taxes did they pay too little are they gaming the system code will for.

also jamie diamond is facing headwinds a shareholder advisory firm has suggested that he be stripped from his role as the chairman of the j.p. morgan board the bank is facing a slew of regulatory investigations everything from failing to detect bernie made off suspicious trading to bilking states for millions in extra energy fees the bankers resident swap.

morgan your money and they say we created a benchmark is called the jamie diamond i'm a frickin rip off artist benchmark and by that benchmark we're beating the benchmark we're now being the market we're doing lousy against everybody else out there every asset class including gold and silver but according to the best market we are so spirited that we ourselves manipulate a daily basis that i based my post on that i believe gold of we're doing great so you should be happy if you don't ask me what i mean more and more we're seeing instances of people whether it's ours who are who was murdered by the head of the n.p.a. first up or others if they don't like the system they get whacked indeed they get whacked and also this is finally that's what i'm saying is that these are billions and billions of dollars being scalped from the markets being paid this bonus benchmark there's a bonus benchmark because now that's been established that two point eight billion is the benchmark against which all these other hedge fund managers will now be judging themselves so that's their benchmark that they ha

resolution on prime interest tim cook entered the lion's den and emerged with his head held high and jamie diamond pintos has retained that chairman hood tonight over robo signed a foreclosure affair but the u.s. and its developed counterparts may not have been fairing so well as debt begets debt yet the crisis of sorts bill dudley from the new york fed tried to teach us a lesson about japan saying they just don't print enough. but they are they are now so no worries right or wrong we're going to we're not making any predictions on this but we'll keep you updated on what the prime interest ads are unfold and that's all we have for today things are tuning and make sure you follow us on facebook at facebook dot com prime interest and from everyone at prime interest i'm sorry i'm boring but what i think. some of these traditional a chilly lines they've been bred into a bill that's down from generation. this is a total destruction of the culture of mexico i tell you what i mean this is not going to impact asylum in mexico whatever happens here it's about the whole world now we're not sure about what's

morgan that will decide whether or not jamie diamond will be stripped of his chairmanship but some shareholders are crying foul and have called on the security and exchange commission to enter green this is after a company called broadridge which is supposed to provide updates on shareholder votes suddenly stopped reporting this information on friday. and finally out.

welcome to the kaiser report i'm max kaiser i saw jamie diamond c.e.o. of j.p. morgan walking through the city of london with life masters the inventor of the credit the fraud swap the two were saying we're off to see the price fixers they want to fill fixtures of are they rig their rights of interest all balls over and gold bars oh they rig they rig they rig they rake they rake they make the reg they rake they rake the road the road. stacey. they read only for themselves not for you and i ask mup they rig for for it is them.

jp morgan chase and ceo jamie diamond gets to find out if he if he gets to keep both jobs.voted to split both positions. the vote could be viewed as a vote of no confidence. >>> there are plans of a union city teacher who molested students and what they are saying about a list and how it reportedly was used. >>> when he was heating up, how long is he expected to be out of rotation . . >>> welcome back, disturbing new details about a union city teacher accused of molesting his students. the contra costa times reports one victim told police he had acutest girl list and investigators say how he used arts and crafted projects to keep girls on the list inside during recess and how he is inappropriately touching them. he is due back in court, january 5th -- june 5th. >>> the boy was with his mother riding his bike in across walk on roan -- roaner cross expressway. he did not realize edit the boy. he returned to the scene after being flagged down and the boy was not seriously hurt. it has burned done down. -- burned down. police are calling mcphee a person of interest. he was deta