thank you very much >> commissioners i'm john goldman of goldman architects. we're at 94 - you was also hired by the client to do the financial analysis. in this document that i'm reading from the planning department it doesn't describe any harm done so i was surprised to hearing hear there was harm done to the community. from what i'm reading hereafter the initial doubt there is any developer in the city who is opposed. so the question is does it harm anybody? i can tell you on our project it would be a huge difference. we're providing the affordable housing on site but even with deferring $400,000 that represents the projection equity. if we were doing the funds ourself it actually helps us. i'm sure every developer is in favor of this and i am >> thank you. >> hi i'm joe. i'm here to speak in support of ending the deferral program. i live between 15 and fourteenth street. i'm part of the homeowner association. i want to say as a resident being in the heart of the boom we've seen rents rise and people being pushed out and evictions. we've seen developers com

who supervising this guy but what about the fact that john corbett nobody well john karr's i was also he works for goldman and so i mean maybe that had something to do with it too we do know that the administration has been very friendly with goldman and he had those ties but here is another thing ok gary gensler who used to himself gary gensler is head of the c. of d c recused himself from the case of m.f. global and then in an office of inspector general report came out recently that no you didn't have to do that so maybe gensler is just trying to cover his rear right here i don't know about that i mean we heard that. of course i'm possibly going to come under perjury charges so i went to you know it's possible i think that's possible and that's probably where the criminal charges are going to come out i think so i mean that's a look at home martha stewart went to jail if the department of justice wanted to get martha stewart and they got her on obstruction obstruction of justice charges and nothing to do with securities fraud they could do the same thing with corazon tomorrow if they wanted to but thin

remember greece when they're getting into the euro we reported on this extensively goldman sachs the prime minister and john paulson as fund manager constructed a faulty gimmick of accounting fraud using swaps and derivatives to cook the books and allow greece to enter the euro so that they could invent a crash that economy and buy the assets as are doing today for pennies on the dollar these are income producing assets are getting for virtually free well looks like italy had this same group of advisors probably goldman sachs and j.p. morgan and the big four accounting firms the four horsemen of the accounting apocalypse all advised italy to come on board cook the books enter the euro under false pretenses now the economy is crashing now the same predatory monopolist will be on the sidelines looking to acquire a lot of italian assets for pennies on the dollar once again well the report notes that tens of billions of euros of these contracts were indeed incurred between that period leaving a. in one thousand nine hundred eight the crucial period when you had to have your you know according to the master trea

justice and who supervised this guy but what about the fact that john corbett i mean nobody well if you don't course i was also he works for goldman and so i mean maybe that had something to do with it too we do know that the administration has been very friendly with goldman he had those ties here's another thing ok gary gensler who used to himself gary gensler is head of the c. of d c recused himself from the case of m.f. global and then in an office of inspector general report came out recently that you know you didn't have to do that so maybe gensler is just trying to cover his rear right here i don't know about that i mean we heard that. of course i'm possibly going to come under perjury charges so i went to you know it's possible i think that's possible and that's probably where the criminal charges are going to come from i think so i mean that's how you look at home martha stewart went to jail if the department of justice wanted to get martha stewart and they got her on obstructing obstruction of justice charges and nothing to do with securities fraud they could do the same thing with corazon tomorrow if they wanted to but

hob right off he said john corazon it bankrupted and global and takes one point seven billion dollars to c f d c general counsel overseer gary gensler worked under corazon at goldman sachs so he recused himself of protecting and protecting itself in the case he wants to know if he was a nice bit of scratching each other's backs instead of actually doing the job and get it right and not shout excites me well yes i would say he kind of got it right in a nutshell because although gary gensler recused himself and this is something we're talking about yesterday with john breaux co-founder of the commodity customer coalition gensler recused himself early on in the case the investors in the customers didn't know what they were supposed to do and gensler was head of the sea up to see all right and he worked under john corps zein a long long time ago but this office of inspector general in the c.r.t.c. found that there was no need for gensler to recuse himself there really weren't the conflicts of interest there as i said gensler was more interested in regulating the swaps market and he was trying to do a bunch of other things. at the time and this what now m.f. global it

goldman -- former chairman, excuse me, of goldman sachs asset management, jim o'neill, author of the gloom, boom and doom report and blackstone senior managing director john kosinski all are coming up in the first hour of the show. >>> hi, everybody. welcome to a packed show, and we're not lying when we tell you that we've got some phenomenal guests coming up, so you'll want to stay tuned, at least for the next two hours to catch all these phenomenal interviews, especially given what's taken place in the markets over the last couple sessions. again, a reminder that we saw a huge sell-off, especially towards the end of last week. the selling continued here in europeay. overnight we managed to see a little bit of a reversal in that. ex-japan, we actually saw some of the asian markets faring a little better. the stoxx europe 600 gaining almost 0.9% at the moment. flat to higher at the moment. xetra dax higher approximately 1% right now and the ftse 100 higher by 0.6%. on the session, it's worth noting and super interesting to see here, ftse 100 now virtually having to erase all of the gains that we previously had made since the beginning of the year. so, yea

john c calamos. apple also giving more back to owners returning $100 billion to shareholders by 2015. options traders also bullish. goldmanvises clients to take a bullish position through call contracts ahead of the worldwide developers conference on june 10th. there might be more visibility at the conference and beyond about the company's product cycle. analysts say a watch, an electronic wallet, smart pen and greater automotive integration could all be ahead for apple. >>> finally, the tech nnicals. apple breakout above the so-called neckline of 460, 470, could mean the next stop for the stock is the 200 day moving average at 525. of course, not everybody is an apple bull. andy hargrave of pacific crest has a hold on the stock. he says the high end of the smartphone market is tapped out. second, diminished te mand for incremental innovation. meaning when a new phone comes out, some buy but others are fine with a cheaper version. kelly, back to you. >> josh, thanks for that. >>> let's pick up actually with that bullish head and shoulders pattern you mentioned. has apple really bottomed here? let's talk numbers on the tec

morgan stanley down 3%, and now over 3%, and goldman is down, and wells fargo, and even though, you know, again, johnmorning said that rising rates are not a bad thing and we have to get back to normal. and for the banks -- >> it is all true, but the problem is that the market environment is telling us that we are not in that right market. >> this is a like talk to the hand market. >> well, it is a market agrees with you, john, and they want to give you higher rates, but we are not there in sustainability. >> well, it is coming and the financials have done, and particularly the regionals extraordinarily well so far this year on that basis, and that story has paid out at a general point at which people may be taking risk off of the table. >> that is true, it is priced in to some extent and that is coming out with the narratives and the calls that we are seeing that the financials are saying that it is catch-up time, and they will have to see that there are a lot of ills cured by the higher rates. but the trouble is can you get to the place where that is happening as opposed to jumping up to testing so