cover up these crimes these is like richard nixon but a lot shorter testimony has shown that lloyd blankfein knew he was selling deals so what else does he need to say that all of that was stupidity to admit to your guilt you know there's more than that going on i don't you know living his guilt i don't see wall street telling me all the facts and figures of their guilt over the goodness of the bottle and listen how they described him here in this article max timothy geitner who helped tackle the crisis for the bush administration when he was head of the new york federal reserve i believe you could say it was the new york federal reserve that caused the crisis and they helped engineer the crisis they helped cover up the crisis this is why people are out in the streets protesting rising up across the world across the united states on may day protests the new york fed in particular absolutely the new york fed is connected directly with the folks in the city of london where the epicenter of the global fraud is committed goes right to the new york fed and then to the federal reserve in washingto

. >> lloyd blankfein was never able to go in front of congress. lloyd blankfein had to hem and haw and say, well, maybe people slould noun better. >> the fact of the matter is jamie dimon said in a conference fall the stock got battered in the lows of the session. the afternoon session, giving up what? another 30%. so it's being whipsawed around there. the question is not just do i invest in jpmorgan stock. and my guess, dan, you would say no, but that's beside the point. >>> wells fargo, pnc, u.s. bank corps, they all closed day nicely higher be a percent apiece. do we make the differentiation? these are the less complicated bangs out there. >> that's what i'm alluding to. to real question is how are they going to make money. if they're going to be pressured, then you obviously have to say, okay, this is a concern for everybody who makes money. that way, everybody else who wo's in a more conventional lines of banking that's not going to face the same scrutiny are going to be in better bets. you're going to see a better migration of risk assets, o

so here's david rosenberg calling the welfare queens when what is he called jamie diamond or lloyd blankfein who receive that in a second you know one can imagine david rosenberg kids around the dinner table having to walk like a chicken and pretend they're there is some dresser being tortured before they get any any portion of peace and there is rosenberg like squeal like a pig you little children old before you get any of this food well let's move on to inheritance then you brought up children a web of privilege supports a so-called meritocracy this is from gary young writing in the guardian and he's looking at the scandals emerging around the world well particularly in the u.s. and u.k. and how it exposes a web of privilege that is passed on from body to body by the very people who are then turning around and telling the electorate that get a job dance do something for me you know if you can't get a job then you know do something humiliating and i'll give you a few crumbs from my table so he says on both sides of the land to the social ties that bind our political legal and corporate forc

morgan chase lloyd blankfein and jamie diamond type guys steal your stuff but you know you need gold silver artwork diamonds and in your co it's time to start thinking about that because this is the blitzkrieg coming these are the guys taking your stuff and there's nobody there to protect you right so they steal all your stuff and then they'll sell you insurance to prevent protection against them spree stealing all your stuff is j.p. morgan bankrupt the community gomery alabama and then everyone's on the street and then they process all of the machinery behind food stamps so they try to hedge their bets one thing i guess i never learned was that i had a heads used programs the way jamie diamond is now hedging his full cost and now finally for this first half before you go talk to alex shaffer i wanted to say wrap up with guernica is something that very similar happened to pablo picasso that happened to alex shaffer so alex shaffer painted j.p. morgan chase burning and as probably cost has painted guernica and a few years later in nazi occupied paris during world war two picasso suffe

we now would just bring in reform thereby giving the dawn chorus lines the jamie diamond's the lloyd blankfein of the world a get out of jail free pass dick told that none of this stuff angelo mozilo that it wasn't against the law that we just need wall street reform and we could all be progressive and reformist and move forward yeah well i mean when they say reform they mean change laws to favor the criminals a perfect example is facebook and goldman sachs goldman sachs broke the law by offering stock to more investors or clients than they were allowed to legally they got the f.c.c. to change the law and of course now the facebook offering was a huge debacle the insiders cashed in for billions but that's what reform means it means changing. the law to favor the crux we sought after the savings and loan crisis they changed the laws to favor the the crux and maybe you should have blown my dictionary seems i have trouble you know understanding the definition of words i mean he went to harvard so did mark zuckerberg i guess you could have or seems to be the pathway toward you know stealing from t

lloyd blankfein chairman and c.e.o. of goldman sachs and i support marriage equality. soon so it couldn't have been the barrage of bad press around in the greg smith op ed alleging you don't put clients ahead of a firm goldman is be our department is really outdone itself this time we will discuss it let's get to today's capital account. ok with the second and final round of french elections scheduled this weekend along with the ones for the politically unstable republic all eyes return to the eurozone will policymakers and technocrats survive yet another round of elections or will the people were jack the medicine of brussels and go their own way that's the key question right we've often made mention on this show of the resurgence of nationalist right wing politics in some of europe's most afflicted countries both within the core and in the periphery europe resembles at times what you could think of as a pressure cooker without a regulator to let some of this the most popular discontent skate through the normal of toral process when things get rough the steam as we've

every time he changes the rules and people that i'm talking about are people like jamie dimon lloyd blankfein all these too big to fail c.e.o.'s all right meet the press the. interviews and they whitewash they wash their hands clean of any guilt or anything else and then they have their accounts you know in singapore or wherever else but decimated so because there are small timers now. this represents a new generation that's why i believe it that's all we have time for and thanks so much for tuning in don't forget to follow me on twitter at more in the. sure and give us feedback at youtube dot com flash capital account but for now from everyone here thanks for watching and have a great night. to what extent and i would call them paid mercenaries how much are they going to be at your defense to protect your administration none your successors none none you're saying the mercenaries like blackwater will not play a major role absolutely on this kind of tradition does this is one of the issues over which we had immense search. but they will be here they will be not as far as the afghan government

also expected to be there goldman sachs' ceo lloyd blankfein. bryan moynihan and joseph hooly walking into the fed earlier today. noticeably absent was citi's ceo vikram. he was traveling and could not attend. any details about this meeting, we'll have them for you. back to you. >> terrific. thanks so much, mary. we look forward to that. when it comes to the market the only thing that seems to be clear about this particular market is that things are rather unclear. the market trying to move higher, it's well off its lows. there are those obstacles ty mentioned, europe, u.s. economy and bob pisani is here to kick things off. you always like to say, try to explain this to your mom. if you can explain it, more power to you. >> good luck. we've got this crummy choppy economic data and the dow at a four-year high. how do you explain it to your mother? i'll tell you, mom, there's no place else to put your money right now. look at that. we've come off the lows here today and there's no place to put money as well as a qe-3 kind of play going on here. no

ceo lloyd blankfein answered questions about pay regulations and some of his directors jumping to theense of michelle burns who investors targeted because she sits on the auditory committee of walmart's board. burns actually addressed the crowd telling them the retailer is looking into those allegations. outside there was a small group of protesters gathered, but again the tone inside was very cordial. blan -- concerns about china were dampening enthusiasm as well client activity. he let lead director james shiro answer questions about jpmorgan's loss. he said the board continues to look at whether the roles of chairman and ceo should be split up. they're both held by blankfein right now and shiro said as well that the board is looking at strengthening the role of the lead direction. blankfein saying there was some good and some ambiguities within the volcker rule that he says the bank continues to talk to regulators about. maria, back to you. >> mary, thank you so much. shareholder scrutiny accesideas goldman sachs does care about how you look at the firm. they will be live on twitte

. >> lloyd blankfein was never able to go in front of congress to say yes, we were stupid. he had to say maybe some people should have known better. very different. >> the fact of the matter is jamie dime on that said yesterday the stock got battered today, down by more than 9% of the close, pretty much the lows of the session. after hours giving up another 30 cents. the question here for a lot of investors is not just do i invest in jpmorgan stock. and my guess is that you would say no. but there was an interesting differentiation in the financial sector today. wells fargo, pnc, u.s. bancorp, they all closed the day nicely higher by like a percent a piece. do we make that differentiation? these are the less complicated banks out there. >> 100%. that's what i am alluding to. how do they make money? they will be pressured on the best mechanisms that they have to make profits. you obviously have to say okay, this is a concern for everybody who makes money that way and everybody is in conventional lines of banking and they will be better bets. you will see a natural migration

lloyd blankfein, and other executives. >> goldman sachs is not the only big bank holding it's meeting outside of new york city this year. j.p. morgan's was in tampa, citigroup's in dallas and morgan stanley's in purchase, new york. goldman says this year's location was not an attempt to dodge protestors, simply a sign it's as committed to new jersey as it is to new york. erika miller, "n.b.r.," jersey city, new jersey. >> tom: even before today's meeting, goldman sachs persuaded shareholders to drop two controversial proposals. we'll have those with maquarie banking analyst ed ditmire in just a moment. >> reporter: i'm diane eastabrook in belvidere, illinois. still ahead, the future of chryser is rolling off an assembly line and heading to dealerships. "nightly business report" is brought to you by: captioning sponsored by wpbt >> tom: we saw fresh evidence today showing hiring and manufacturing are picking up ever so slowly. people filing for unemployment insunce for the first time fell by 2,000 last week to 370,000. but with the weekly average firmly below the 400,000 level, the job

lloyd blankfein was tapped in february maybe you sought to be a spokesman for same sex marriage by the human rights campaign take a look. boyd blankfein the c.e.o. of goldman sachs and i support. america's corporations long ago that all use just good business and is the right thing to do. well in a meeting with a waltz with wall street gay activists on wednesday blankfein blamed the stance you took for losing at least one client so the natural question really this is what caused goldman sachs to lose a client if not more and not the fact that they've had all of this bad press over the greg smith op ed saying that goldman doesn't put clients first it's the firm first i mean come on he wants to turn aside he wants to into a gay rights issue because he knows that might give him some you might have some political allies there but he has you know his you know because the camera is on there we just this is a joke ok i have to do i want to have the cereal or this is what i did by someone of their poor you know this is apparently ok but anyway obvious are real but the point of this is that bla