dances and hangs with hipsters was no faces or that jamie diamond dances and tickles young women in many places no it must be the jamie diamond dances and never ever fail to draw four aces yes the dancing shakedown man always wins stacey. max well yes the remanding in some bulgarians are here and it was all the headline news across the u.k. of course leading up to january first british bankers are worse than roma beggars says damien draggy chief advisor to romanian prime minister so he is the minister in romania for the roma and he says that the bankers are worse than any of the roma beggars and he says quote the roma begging in the streets are obvious because we see them they ask for one pound or one euro and they bother us yet some of the people in the banks are stealing billions of euros but nobody sees them because they are on the sixtieth floor that's very true very true the people who come in or people who work here are just basically begging on the streets it's something that is repeated in the boardrooms in the banks across the nation when they go begging to the central bank

and under jamie diamond's solid leadership, we have gotten through this.is directly at odds with the views of most americans who are polled on the issue, while many americans don't wanti end less government involvement in their lives they do want regulation over the banks. so this is the by fur indication in america of the haves and have nots. he is a hero of the haves, and is be rewarded for it today. >> good way to put it. we'll be right back. ♪ >>> welcome back to al jazeera america. i'm stephanie sy. here are today's headlines. talks aimed attending -- excuse me, we're going to actually take a look at the big board first. the dow falling by almost 200 points, as investors seek safety and pull out of some emerging markets. >>> talks aimed at ending syria's war are still on. both sides have agreed to a face-to-face meeting tomorrow. >>> on the eve of the anniversary of the mow barack uprising, violence in egypt. a series of bombings and clashes have left at least 19 people dead. and the health ministry says 13 people have died in clashes. >>> in ukraine

dances and hangs with hipsters was no faces or that jamie diamond dances and tickles young women in many places now it must be the jamie diamond dances and never ever fails to draw four aces yes the dancing shakedown man always wins stacey. max well yes the remanding in some bulgarians are here and it was all the headline news across the u.k. of course leading up to january first british bankers are worse than roma beggars says damian draggy chief advisor to romania prime minister so he is the minister in romania for the roma and he says that the bankers are worse than any of the roma beggars and he says quote the roma begging in the streets are obvious because we see them they ask for one pound or one euro and they bother us yet some of the people in the banks are stealing billions of euros but nobody sees them because they are on the sixtieth floor that's very true though very true the people who come in or people who work here are just basically begging on the streets it's something that is repeated in the boardrooms in the banks across the nation when they go begging to the cent

dances and hangs with hipsters was no faces or that jamie diamond dances and tickles young women in many places now it must be the jamie diamond dances and never ever fails to draw four aces yes the dancing shakedown man always wins stacey. max well yes the remanding in some bulgarians are here and it was all the headline news across the u.k. of course leading up to january first british bankers are worse than roma beggars says damian advisor to romania prime minister so he.

places now it must be the jamie diamond dances and never ever fails to draw four aces.

dances and hangs with hipsters was no faces or that jamie diamond dances and tickles young women in many places no it must be the jamie diamond dances and never ever fails to draw four aces yes the dancing shakedown man always wins stacey. max well yes the remanding in some bulgarians are here and it was all the headline news across the u.k. of course leading up to january first british bankers are worse than roma beggars says damien draggy chief advisor to romanian prime minister so he is the minister in romania for the roma and he says that the bankers are worse than any of the roma beggars and he says quote the roma begging in the streets are obvious because we see them they ask for one pound or one euro and they bother us yet some of the people in the banks are stealing billions of euros but nobody sees them because they are on the sixtieth floor that's very true very true the people who come in or people who work here are just basically begging on the streets it's something that is repeated in the boardrooms in the banks across the nation when they go begging to the central ban

dances and hangs with hipsters was no faces or that jamie diamond dances and tickles young women in many places no it must be the jamie diamond dances and never ever fails to draw four aces yes the dancing shakedown man always wins stacey. max well yes the remanding in some areas are here and it was all the headline news across the u.k. of course leading up to january first british bankers are worse than rome.

like al capone became very famous and we have jamie diamond he's a very famous bank executive for what he is his criminal record is what stands up you paid enormous fines over the past year they gave a huge raise because he's a celebrity c.e.o. crook and also i would imagine they go up there and they they're surrounded by an echo chamber so it's biased confirmation they go up there a few dozen a few dozen people go up there there although you know eighty five richest people in the world that own as much as three point five billion at the bottom and they come away with the notion that it's like kristallnacht and those three point five billion people who are up set with them this is the guy from kleiner perkins one of these very wealthy guy who wrote an editorial saying that the bottom ninety nine percent anger with the top one percent is just like crystal not so this is i think what they go up there and they come away thinking this sort of stuff oh you mean tom perkins yet authorial comparing the plight of the top one percent was kristallnacht the king of german warships. yeah i mean th

angeles should top the list all of that economic freedom remember eric holder said and did when jamie diamond was brought down to washington for committing acts of economic fraud and terrorism. that we are unable to prosecute jamie dimon and j.p. morgan here at the department of justice this is eric holder the attorney general of the united states saying he is incapable of prosecuting terrorism in america so why don't you just resign because you're sucking up too much oxygen the entire all the u.s. attorney general so the preet bharara he said when he find them two billion dollars and a different prosecution agreement for their role in the made off a ponzi scheme he said he had to think of the collateral consequences if the criminal case were brought i.e. they can't do it because fraud is so endemic to the whole u.s. but here los angeles is saying they could get rid of them but we're going to look at these contracts why do we want to do business with a fraudster if they're committing fraud everywhere else is it likely that we're going to be presumably they're committing fraud against us as we

. >>> no such problems for the head of investment banks jp morgan as chairman and ceo jamie diamond lookscrease of as much as $10 million. the directors of the u.s.-based bank decided to raise his salary despite the company losing billions. diamonds will be paid $20 million for his work in 2013. that's after jp morgan's profits fell 16% last year. the company has also agreed to pay out nearly $20 billion to settle legal claims from government agencies and private investors. diamond's pay restores most of the 11 1/2 million dollars that was cut when his salary was halved in 2012. directors imposed the cut after the bank lost six and a quarter billion dollars on a controversial trade. >>> bart nay or is a former chief investigate or for the u.s. banking committee: >> the directors unfortunately are not the independent people that we want them to be. they are not necessarily the winners of america's, you know, best talented director. they are recruited by boards and carefully groomed to make sure they are not the type to ask tough questions, so after jamie diamond fails to manage well this 4

jamie diamond have a bank account now they could just have bitcoin they could decide to trade and commerce all over the world the same with the n.s.a. stories we're going to cover in the second at the snowden revelations but i want to say you know there will be fight back this will be a vicious year for all twenty fourteen now i'm going to look at this headline from paul krugman big coin is evil his proof is a quote from a size five writer. charlie stross who says because he looks like it was designed as a weapon intended to damage central banking and money issuing banks with a libertarian political agenda in mind to damage state's ability to collect tax a monitor their citizens financial transactions so paul krugman says look read that quote again it's this is why i'm against it too this is a threat to the state this is pretty interesting is that because it has revealed paul krugman of the new york times as being an inveterate statist who's against free markets i mean he writes a column about economics he's won a nobel prize in economics and economics is about has to have some connection

you might have noticed the other news reported that jpmorgan's ceo jamie diamond is getting away. if you had been watching fox business you would have heard here first. charlie gasparino tells us about the power of fox business. you know it exists. we will be right back. [ male announcer ] here's a question for you: where does the united states get most of its energy? is it africa? the middle east? canada? or the u.s.? the answer is... the u.s. ♪ most of america's energy comes from right here at home. take the energy quiz. energy lives here. take the energy quiz. sometimes they just drop in. always obvious. cme group can help you navigate risks and capturopportunities. we enable you to reach global markets and drive forward with broader possibilities. cme group: how the world advances. cheryl: we are looking at a rough day for the markets pushing session lows, 260 points, a great time to bring in our floor show, the dow and s&p 500 suffering their largest one day decline in seven months. hoping for a turnaround at get to the floor show, traded at the stock exchange, cme group and

i would say, it's an interesting sort of coincidence that after jamie diamond, the ceo of j.p.rgan chase started attacking the obama administration, on economic and regulatory policy, all of a sudden these investigations start popping up. >> you have to wonder. quid pro quo or tit-for-tat. >> they did some things wrong. >> what about where they -- five years to be on good behavior or more -- >> called a deferred prosecution. that means they can stay in business and have to agree not do bad stuff. here's the reality. this part is weird. if j.p. morgan did aid and abet bernie madoff, where is the person that did that aiding and abetting. why aren't they charging one named person. the reason why they're not? j.p. morgan maybe as an institution didn't do anything worse than what the securities and exchange commission did, which is -- couldn't find -- bernie madoff -- they had evidence he did wrong and they did nothing. >> we'll get into that later. you're right. one thing i'm asking, these funds that willingly -- i know j.p. -- they're not the only ones dos do you think that makes

you need people who are not captured by the industry and can sit across the table whether it's jamie diamond and said these are the rules. this is how we're going operate. those are difficult conversations but, you know, that's what our country needs. to me, i mean, this is why the massive disconnect between wall street and main street. i told somebody today, you know, the main street and wall street is the federal reserve. unfortunately right now it's a one-way street. that's unfortunate, but when you look at the statistics the numbers don't lie. [inaudible] ..

. >> it is just the latest setback from jpmorgan, chief executive jamie diamond. the bank agreed in 2013 to pay $20 billion to setting a variety of cases, many to do with the toxic mortgage securities. as much as diamond wants to put the messes behind him, the bank faces years of court battles. a book had ban published "guardians of prosperity, why america needs big banks", he believes over regulating banks discourages ledgeding at institutions like jpmorgan. i didn't know there was a bottom half of you, because we always see you on a screen. "the guardians of prosperity", if you walk down the streets of new york and show it to 10 people and say this is about the banks, nine out of 10 would tell you you are crazy, you are calling the banks the guardian of prosperity. aren't they the ones that took us down this rabbit hole being the financial crisis. >> i don't think so. they created a lot of bad, wrong things that occurred. they didn't create the financial crisis. that is the problem. if we had gone to the core reasons for creation of the financial crisis, we migh

. >> what's the conversation like between jamie diamond and matt damon? he conversation there really i wasn't participated in. i had a fabulous conversation with mr. diamond about global and country to country risk last year, again off the record. within it, there is this idea of bouncing into people, that's a lot of what davos is about. >> tom, thanks very much. have a great trip. we look forward to seeing you and your interviews with fabulous guests next week from davos. >> julianna, thanks so much. >> sure. let's turn to megan mcardle and margaret carlson. guys, we are a couple weeks into 2014 and already the conversation is starting about the debt ceiling. so here you go, republicans are saying mandatory spending has to be accompanied by a raise in the debt ceiling. democrats are saying no negotiations. now the treasury secretary says has to be done at the end of the february. megan, who blinks first? >> they're going to come to a deal because the republicans will talk big and go home. they have gotten punched in the face one too many times on this par

i am glad you have been able to move o the madoff settlement is the latest legal set back for jamie diamondin 2013, the bank agreed to pay nearly $20,000,000,000 to settle a variety of cases, many involving sale of toxic mortgage securities. long-time banking analyst dig boveir says as much as diamond wants to put these behind him, he faces years of court battles. he published "guardians of prosperity" why america needs big banks. it lays out his belief over regulation of banks is hurting american consumers and businesses. aren't the banks the ones who dragged so us into this? here is my first question. here is what he said? >> i don't think so. i think they were a big part in creating bad things, wrong things that odors during the financial prices. they didn't create the financial crisis if we had gone to the corps reasons for creation of the financial crisis we might have come up with a solution to real solutions we chose to focus on the banks and pated a lot of lauds and regulations which have harmed the american consumer. >> wid an enormous trade deficit in the united states which resul

eye when they sit down and discuss competitive technologies and chuckle about them i don't think jamie diamond really understands but colin but that's not surprising it's not his role to understand the competing technologies because really he's in such a comfortable position whereby he can just receive seventy billion dollars of free money from the fed in the form of corporate welfare and doesn't have to compete and you see this across the financial services industry work competition is stagnant really they compete on who can financial wise a derivative to exploit the market better or who can frontrunner frontrunners sales and stock transactions on the high frequency trading network but in terms of consumer innovation very little has happened in the last fifty years speaking of u.s. treasury secretary jack lew recently said that bitcoin gives individuals a place to hide and allow for the funding of terrorist activities what's your response especially in light of the two new york executives who were just charged with conspiracy to commit many money laundering excuse me by selling over one milli

bill gates was here, as was jamie diamond. for "nightly business report" i'm andrew sorkin in davos, switzerland. >> andrew, turn off the lights in davos. >>> finally tonight, 30 years ago today steve jobs introduced the world to apple's brand-new macintosh computer. it brought in a hefty price tag at $2500 a pop when the median household income in this country was a little over $22,000 a year. think about this. if you spent that $2500 in 1984 on apple stock, with one share going for just $3 a piece, you could have now $450,000. a 15,000% increase. >> who would have thought those personal computers would be so personal to us? >> i wonder what one of those original computers would be worth today. probably a lot more than 2500. >> that's "nightly business report" for tonight. have a great weekend, everybody. i'm susie gharib. >> and i'm tyler mathisen. the same for me. thanks for watching. we'll see you back here on monday. >>> "nightly business report" has been brought to you in part by -- >> the street.com. founded by jim cram

morgan's jamie diamond got british data david cameron air with rules who got the finance cheese there's always celebs as well who got bought over the lead saying of you to your remember that he famously branded this event fact cats in the snow what he's bought was a visa going to be a bit more complementary they share so what all these people are going to talk about in the next four days than in the us while on the agenda is income inequality that's one of the biggest things they share and we recently found out that a three point five billion people the paris parts of the walls they actually have the same amount of wealth as the eighty five richest people quite starting ready and rather ironic when you consider the fact that the richest people will be a teacher ryan deal with that problem got eighty billion as expected this as well as that talk but we've also got the facts of de lay should know what risk that poses at the moment as well as europe still troubled banks was valued at as well the issue of the chinese economy and how it's developing as well as janet yellen and what that will

jamie diamond recently called. store of value in part because international governments bankers and other officials are unsure whether they can trust the digital currency in the aftermath of rahm's arrest securing confidence in big point may prove even more challenging the reporting from new york marina artsy. financial analyst mark don't think the case is a political context linked to pick points growing influence the u.s. dollar is actually the major facilitator of illegal transactions of drugs and human trafficking all sorts of nasty business is most of the trade is done with the us dollar not bitcoin bitcoin is a small player it is a small percentage of its transactions are illegal that's true but the majority are for legal goods whereas the u.s. dollar is the primary player in international trade in illicit items but this was a political event not a legal or judicial event this arrest it was a political event meant to intimidate people in the bitcoin space and it was a perfectly foreseeable event as well. to s

internet benefits consumers as well as business is so good on netflix for speaking at the bat jamie diamond for an interview with c.m. d.c. yesterday the j.p. morgan c.e.o. told said that the thirteen billion dollars settlement his bank recently reached for the justice department was going through her check it out. so you look at these big numbers and they are big numbers and so the public looks at them and they're trying to grasp and understand what to make of it do you think ultimately that it was fair no i do a lot of that was unfair but i can go the details i was that never really. more than half of that thirteen billion dollars settlement was tax deductible spare us the sob story jamie no one's listening and a very very ugly ted nugent right wing activist went on a wild rant in a recent interview with guns dot com saying that he took personal responsibility for the real action of the quote subhuman mongrel and quote barack obama is description i might take a look. up. just fail to galvanize and try to not shape enough americans to be ever vigilant not to let a chicago communist bring c

jamie diamond recently called because terra. store of value in part because international governments bankers and other officials are unsure whether they can trust the digital currency in the aftermath of rahm's arrest securing confidence in big point may prove even more challenging reporting from new york marina r.t. . coming up our special report on the final frontier between the u.s. and mexico's drug money is right after the break. i've always had mixed feelings about speed traps it seems like it's a waste of the police officers time but on the other hand they sure do make people paranoid and drive more slowly one man from texas is completely sure of his opinion about speed traps and he set out to save his felt texans from being fined for speeding and much more importantly from potential traffic accidents caused by the hidden police and now he is the one who is in deep trouble according to fox news ron martin faces a misdemeanor charge for violating fiscal texas sign ordinance that says that you may only stand around holding

captured by the industry and can sit across the table whether it's jamie diamond and said these are the rules. this is how we're going operate. those are difficult conversations but, you know, that's what our country needs. to me, i mean, this is why the massive disconnect between wall street and main street. i told somebody today, you know, the main street and wall street is the federal reserve. unfortunately right now it's a one-way street. that's unfortunate, but when you look at the statistics the numbers don't lie. [inaudible] .. >> if you look at the track record between the action by the people at treasury or the federal reserve first do no harm. there is a lot of harm done with the longstanding impact a large part of our country says lift justice is misdirected then it is ultimately denied. with all due respect to mr. shapiro you should get a failing grade. the. >> one of the issues we are very concerned about with congressional oversight when do you think with winding going to the box is see will anything change? >> there is always held. -- hope. can he rally to support? it tak

morgan's jamie diamond got british data david cameron air we've also got the finance cheese there's always celebs as well i've got daughter the lead singer of you to your remember that he famously branded this event fact cats in the snow so what all these people are going to be told about in the next four days than in the us while on the agenda is income inequality that's one of the biggest things they share and we recently found out that a three point five billion people the paris parts of the walls they actually have the same amount of wealth as the eighty five richest people quite startling ready and rather ironic when you consider the fact that the richest people will be t. try and deal with that problem got eighty billion as expected this vent and also the tensions in the mideast to get the most anticipated person that will be making an appearance here will be mr rouhani iran's leader will be here to woo investors in a potential post in bargo economies to see how he gets on with that was put aside from not the fat but there are so many big names in davos is difficult not to appreciate

to hold individuals accountable and take the consequences of perhaps pointing out people like jamie diamond or john core design or some of the other people that were in charge of bear stearns or lehman brothers were actually the kind of people with criminal intent to defraud their customers and investors right. now in terms of fixes then how does dodd frank which is the crisis is signature regulatory legislation deal with these lapses by auditing firms. well certainly everyone else is complaining about frank in the business environment and that's a good sign that is might cause a little bit of trouble for them and maybe add a little bit of control but the auditors escaped any kind of mention frank there was one small area where perhaps they might have been. held accountable and that was the possibility of reintroducing third party liability for aiding and abetting frauds who are people like auditors and lawyers that were involved in supporting corporations. however that meant the specter amendment was completely squelched not by anyone in particular but by all of the legislators and general