lehmann brothers and bear staerns are gone. merrill lynch was absorbed by bank of america. for most of the big banks it's like the financial crisis never happened. jp morgan made $6.1 billion profit, up 32%. wells fargo reported a profit of $5.2 billion, up 20%, and posting gains was citigroup, receiving tens of billions in taxpayer bail out money, making $4.18 billion. up 32%. the economy is improving. millions of americans are struggling. >> others are relying on consumer debt, credit cards and other debt to pay basic living expenses and relying on food stamps, meddy cade and other benefits. this include workers working full time in many cases. >> the question now - could september 2008 happen again? >> banks are reducing the number - the amount of cash they are holding in order to protect against another crash. that basically is a recipe for disaster. the big apple will be one the biggest important financial cities in the world. for the 2008 economic meltdown, systems fuelled by corporate greed and a government unable or unwilling to rain it in. >> vice president joe bid

theewspaper headlines that lehmann one man -- silvio arliss cody. he faces exposed -- expulsion from the senate after his conviction was upheld. members threatened to quit once the process started. were aboutdemocrats forming a coalition from the start. the mass resignation does not surprise them. clear how this abdication of responsibility should be interpreted. once again, the interests of the country are being subverted by the interest of one man. i almost expected it, but i didn't think they would be so irresponsible. >> the short-lived coalition between berlusconi's party in the social democrats has been marked by disagreement. after months of wrangling, the prime minister says he will quit if he doesn't get the backing of the newnt next week. crisis will make it harder for italy to deal with its economic problems and enact much-needed reforms. the mistakes in this -- the stakes in this political game of chess are very high indeed. romeur correspondent is in . we hear that berlusconi is backpedaling a bit trade can you tell us more? >> the situ

he'll mark five years since the collapse of lehmann brothers and the star of the financial crisis. the president is expected to urge congress to hept strengthen the middle class. the schedule this week includes an appearance with the business roundtable made up of ceos from some of the biggest companies. a week ago u.s. officials appear to have given up on reaching an agreement with russia. after days of behind the scenes negotiations they figured out how to agree. we look at how it went down. >> a flurry of global diplomatic activity was prompted by these comments by the u.s. secretary of state john kerry on a troip to london. >> sure he can turn ever every bit of his chemical weapons, in the next week, tonne it over, all of it, and allow a fuel and total accounting for it. he isn't about to do it, it can't be done obviously. >> the state department says kerry's ultimatum was a rhetorical flourish but was picked up by sergei lavrov, announcing a change in moscow's position. >> translation: john kerry made an announcement stating that the attacks on syria could be avoided if damasc

object greater than falling from a building and killing himself i think there's only one targets of lehmann's to girl and one suppression of peaceful protesters and i must say he's playing with fire and contrie is highly divided now if not more than you are so right on the verge of turning a half past eight on wednesday morning here in moscow it's r t with me more recent shame you can stay with us in a moment it's breaking this. stumbling in syria there can be no doubt the obama administration would very much like to strike syria and strike a hard problem is if you actually buy into the administration's so-called common sense reasoning surrounding assad's alleged use of chemical weapons what is the administration's real aim and has it painted itself into a red line corner. you know i'm abby martin and this is breaking the set so even though it is solders agreed to give it give up its chemical weapons arsenal a bomb and his team of one man there's a new danger closer to the night in a powder keg in syria as a result of two thousand speech from the then state senator obama started to attract at

will suffer catastrophic losses but the controlling officers will walk away wealthy as they did at lehmann brothers where they walked away as you know hundreds of millions or even billionaires. and recently you know new york times article laid out the inside talks of the security exchange commission's deliberations on whether to charge the executive of lehman brothers and after some back and forth they concluded that suing the banks executive would just be legally unjustified do you agree with that conclusion. no and i've done a couple of columns on this the commission did not decide that a particular inforce an employer decided that and he didn't decide according to the report that there wasn't fraud he decided a more technical thing that it wasn't material except that he's not the expert on that and the experts in the agency disagreed with him and the other folks were clearly right and he was wrong so it's an outrageous abuse. and it is symptomatic of what's happened under the bush and obama administration where we have the largest frauds in history making the elites wealthier than ever

cruisers perhaps now finally let's talk about this lehman collapse reflation era because after the lehmann collapse the central banks got together they printed trillions of dollars of the balance sheet of the bank of america as you know the federal reserve bank expanded by trillions of dollars same thing bank of england around the world are we at the end of that replay started great is the housing market rolling over is the stock market rolling over are we going to go back to the primary bear market that started really a few two thousand two thousand max i think it's impossible to say i think we'll only know that we've reached the end after we've reached the end because we'll continue to print money don't continue to dress up the balance sheets of banks like j.p. morgan and citi group there's going to be morgan solvent. i don't know i wish i could tell you the mark to market yeah the hallway if you did that hard to mark yeah bonds on their books and their assets on their books but yet is the ball up based on today's current market price is the banks solvent from what i understand no becaus

guess cruisers perhaps now finally let's talk about this collapse reflation era because after the lehmann collapse the central banks got together they prayed to trillions of dollars in a balance sheet of the bank of america you know the federal reserve bank expanded by trillions of dollars same thing bank of england around the world are we at the end of that recessionary period is the housing market rolling over is the stock mark. rolling over are we going to go back to this primary bear market that started really if you two thousand two thousand and six i think it's impossible to say i think we'll only know that we've reached the end after we've reached the end because we'll continue to print money don't continue to dress up the balance sheets of the banks like j.p. morgan and citi group this should be part insolvent. i don't know i wish i could tell you the mark to market yeah the hallway if you did that hard to bark yeah yeah there are books and assets on their books but yet in the mall up based on today's current market price is the banks solvent from what i understand no because fast