selling the horse to me when they they expect to be getting some other forms of meat but the local banks the lloyds the r.b.s. barclays are feeding them the equivalent in their economy with toxic derivatives and remember for every pound of quantitative easing that mervyn king the bank of england engages in there's a about a pound savings in interest on various interest related products but they lose two pounds on their savings so they're they're there they're guaranteed they're there they're flushing the economy down the toilet here in the u.k. people and people more concerned about horsemeat in their burgers yes well let's explore this further because we're talking about royal bank of scotland which the taxpayer owns eighty two percent and lloyd's so they are consuming this this is something that is part of the fabric of their existence of their being and yet they don't seem horrified by the toxic ness of this the danger of this of course me is actually healthier than beef so cal me so it's not like that should warrant the extent of the media coverage that it has had lloyds out right lie to people

banks r.b.s. and lloyds toxic derivatives fraud and zero collateral far more disgusting and dangerous than the horsemeat and yet the british economy collapses due to this disgusting fraud pies sold by the city and the taxpayer shrugs their collective shoulders and says gee these mud pies of austerity sure taste great with a little brown sauce and horsemeat tasting yes max so the news here has been just chock a block with this whole horsemeat story and i've never seen so many people interested in this big story and yet the very same week that we have just say nay horse me in burgers who are pfizer u.k. the very same day you see this headline lawyers in r.b.s. need billions more capital bank of england says britain's bailed out banks need billions of pounds more capitals to shore up their balance sheets and support the economy senior bank of england officials have warned u.k. regulators have given royal bank of scotland and lloyds banking group until march to begin dealing with a black hole that brooks newmark

barclays royal bank of scotland and lloyds similarly collect corporate and banks through welfare from the state the u.k. economy is shrinking why because of scroungers like oz born cameron and the banks. now i might add he's been pretty much alone on the world stage of leaders as introducing austerity and so he's doubled down even cutting his own child benefit despite the fact that this week i.m.f. economist apologized for austerity forecasts so the international monetary fund's chief economist today acknowledged that the fund blew its forecast for greece and other european economies because it did not fully understand how government austerity efforts would undermine economic growth the new and highly technical paper looks again at the issue of fiscal multipliers the impact that a rise or fall in government spending or tax collection has on a country's economic output so max they've been looking at the eurozone and making projections based on a point five multiplier which is a very low multiplier effect of any fiscal policy but what they've discovered is that actually this is only app

setting the corpses stink and they rot and you can smell them but here in the financial war banks like ages b.c. lloyds barclays royal bank of scotland they're they're run by zombies they're dead they're rotting but you don't smell it because the the rotting banking system doesn't doesn't emit in order as as such so people are not aware that they're walking amongst the dead the british pound is a zombie currency and the british bankers are all necrophiliac loving the zombie bankers and banks and this is what we do we report on it we're on the front lines exactly but i think there is an awful stench we all did smell it in two thousand and seven and two thousand and eight people were panicked people. scared people that was because of the stench of the banking system but people are used to it now and they just think oh well you know my horsemeat burger and they move on but you know four hundred episodes in to the kaiser report this financial report many of the themes we've been looking at are starting to come true one of them as you mentioned in the opening is currency wars so let's look at this first hea

setting the corpses stink and they rot and you can smell them but here in the financial war banks like ages b.c. lloyds barclays royal bank of scotland they're they're run by zombies they're dead they're rotting but you don't smell it because the the rotting banking system doesn't doesn't emit an odor. such so people are not aware that they're walking amongst the dead the british pound is a zombie currency and the british bankers are all necrophiliac loving the zombie bankers and banks and this is what we do we report on it we're on the front lines exactly but i think there is an awful stench we all did smell it in two thousand and seven and two thousand and eight people were panicked people. scared people that was this because of the stench of the banking system but people are used to it now and they just think oh well you know my horsemeat burger and they move on but you know four hundred episodes in to the kaiser report this financial report many of the themes we've been looking at are starting to come true one of them as you mentioned in the opening is currency wars so let's look at this first head

with the royal bank of scotland barclays and lloyd's threatening the government banks in america threatening the government and just now the fiscal cliff and the debt ceiling banks threatening the government give us money or requests of the system. it all kind of comes from long term capital management i think what your thoughts are you think you're quite right i mean the too big to fail concept started then i think that was the you know the d.n.a. got into the system about point use slightly different from what happened two thousand and eight because. this giant hedge fund officially was going to be dismantled what happened what greenspan did by cutting rates. to save long term capital management because it was wound down its founders lost their money and that was the end of the business but it was really to save the counter parties or the long term capital management which was the likes of j.p. morgan deutsche bank u.b.s. you name the guys in that space so it was the links between this this giant hedge fund the big dealers and over the counter derivatives that they couldn't be allowed to f

barclays royal bank of scotland and lloyds similarly collect corporate and banks through welfare from the state the u.k. economy is shrinking why because of scroungers like oz born cameron and the banks now i might add he's been.

lloyd's banking markets. >> it latest on ubs after we come back. >>> welcome to "worldwide exchange." if you're just tuning in, i'm kelly evans. >> i'm ross westgate. these are your headlines -- alcoa kicks off the earnings season with a better than expected report. the aluminum giant says it sees brighter times ahead in 2013. >>> and bank and telecom stocks easing the way as reports say europe's biggest telecom groups in talk to create a pan-regional network. >>> dish network throws a wrench into sprint's plans to buy clearwire, making a higher bid for the wireless provider and owner of valuable spectrum. >>> a report suggests that bankers will cave from pressure from the prime minister and double inflation targets 2%. >>> let's quickly check in with u.s. futures. the dow jones industrial average is pointed higher by 14 points this morning. similar gains, about three points on the nasdaq. a little bit higher for the s&p 500. we've seen a weaker tone to equities this week. but the report from alcoa last night may be helping to spur optimism. we like to ask our guests whether they see

lloyds. every single bank here in london gambled that george osborne would come to their rescue once they were selling all these fraudulent loans for august fraud fraudulent interest rate swaps and every other derivative product that the chancellor would come to the rescue and he himself was sacrifices child benefit to make the bankers whole and the next step for us more in a sacrifice was trial and he would throw the child into the volcano if it meant getting a good deal of the revenue number one and number two j.p. morgan they were gambling and derivatives the so-called london whale scandal they got caught breaking the law they got caught breaking into the proprietary desk law and they gave nine billion dollars to cover the loss and the chancellor said oh here he hears nine billion dollars and they can't win the bet for them. and so all of these betting shops are clustering in high street areas of the very poor poorest regions and constituencies and what they found is that betting shops are clearing out britain because they were listed as financial services and planning guidelines this meant

government conservatives want wall street to own social security's two point seven trillion dollars banks like lloyd blankfein and jamie diamond are throwing at the chance to get their grubby hands on those trillions and go buck wild in the market with skimming billions off the top and feeds it once wall street gets their hands on social security assurances then you actually will be meeting insurance salesmen and cheap suits hustling the very same disaster insurance plan that you have right now for free. this time they'll charge you lots of money the fear mongering over social security insurance led mostly by extremely rich people who have no need for it is the biggest scam being run right now on the american people spread the word. and that's the way it is tonight friday january fourth twenty fifty for more information check out our website thom hartmann dot com free speech dot org or to dot com through dot com slash the big picture and don't forget democracy begins when you get out there get active your occupy so see you next week. mission and free accreditation three times for charges free arrang

financial system which is ridden with fraud and outlaws like jamie diamond the lloyd blankfein and we need to execute the banks like u.b.s. and even bigger than u.b.s. is j.p. morgan. the rubble of my country sent me this link and i think it's an important one to look at for two thousand and thirteen banking thousands of customers switched their account out of the big five these are the big five british banks many of them owned by the taxpayer but apparently. actually people are moving their accounts out of there out of anger about libel manipulation about the bailouts about the corruption about the drug running about the money laundering about the dealing with the enemy and credit unions small usually locally based savings groups have attracted almost twenty thousand new accounts in the past six months and building society saw seventy eight thousand new accounts and a huge surge was following the libel or manipulation scandal oh it's great to see people angry enough to move their money but when push comes to shove the government and the big five banks will be allowed to acquire these other institutions as the

. >>> one ceo who can't complain about his paycheck last year is goldman sachs ceo lloyd blankfein. the bankinged blankfein's stock bonus in 2012 by 90% very sus a year earlier to a total of $13.3 million. congrats. that wasn't even the biggest goldman payout. vice chairman michael sherwood was awarded $15.4 million. taking out more money than you need at atm will be a thing of the past for some customers. chase and pnc banks are outfitting thousands of atms nationwide end of the year with one and five dollar denominations. that is the very latest from the fox business network, giving you the power to prosper. have a great weekend. ♪ [ male announcer ] how do you make 70,000 trades a second... ♪ reach one customer at a time? ♪ or help doctors turn billions of bytes of shared information... ♪ into a fifth anniversary of remission? ♪ whatever your business challenge, dell has the technology and services to help you solve it. david: shares of morgan stanley shot up today and our own charlie gasparino had a chance to sit down with the company's chairman and ceo jim gorman. coincidence? i don't thin

up horrified what about the british banks what exactly is the taxpayer oh and british banks r.b.s. and lloyds toxic derivatives fraud still in zero collateral fall.

jamie lovable lloyd are heroes to many a young hoping to be derivative slinging financial murderers in the high frequency trading in dark pools is twenty thirteen the year however of the banking death penalty we will see the democracies of the outlaws of the law and order restored of all our planes of finance that is marked production for twenty third states. max welcome to twenty thirteen we haven't got to sleep yet have we. got it. well the first headline we're going to cover is a good omen for two thousand and thirteen that's a bad omen i think for lovable lloyd and adorable jamie u.b.s. libel or manipulation deserves the death penalty this is william cohen from bloomberg dot com and he says there is no point in mincing words u.b.s. the swiss global bank has been discreetly saying the banking profession for years and needs to be shut down this is in light of the one point five billion dollar fine they paid to several regulators across the world for manipulating libeler primarily through.

the other thing notable today was how some of the banks are lower in europe led by lloyd -- i beg yourwall street journal" that now u.s. authorities are looking for criminal sanctions against executives of the bank as a result of the scandal. that scared a lot of people and would be in addition to potentially half a billion sterling in terms of fines and penalties there. the other thing i think we need to keep our eye on and it is not a huge issue at the moment. it is in italy but it doesn't have huge, wider ramifications is the bank scandal, the fact they found this billion dollar derivatives that dates back to when mario draghi was in charge of the bank of italy. there is still a huge amount of concern in italy at a time when they may have to increase their austerity. today the finance minister is going to be up before and he is explaining exactly what went on with bribes paid in a take over. what did mario drag hye know? the danger is that this impacts the result of the italian election and that potentially get those nonmonti, nonausterity people having a greater say and that could

contributing force to the economy, but the investment bank's latest move raising some questions about its sincerity about being a good corporate citizen. despite ceo lloydlankfein's endorsement of the fiscal cliff deal which raises taxes on the wealthiest americans he acted alone in accelerating pay from past years into 2012 instead of paying it out in 2013 as originally planned. now, some rivals considered doing something similar but declined to do so in part fearing a firestorm of public criticism. goldman's decisions meaning top earners including its 400 patters in will avoid paying the new higher taxes on past pay. now, this coming when bankers' compensation and banks' reputations are still hot button issues. one pay consultant told cnbc i guess they didn't care when asked if this would hurt goldman's image but reputation strategist sees it differently telling cnbc i wouldn't think they would were such good investment bankers if they didn't do something like this, temin adding that wall street in general is known for moves to maximize profitability. clients ask them to do it for them, and this time it appears goldman did it for its leadership. back

banks. will be doing collateralized debt obligations based on the capitated heads on spikes designed by martha stewart brought in by lloyd blankfein of the making of course little money on this as as he always does that you are a whistleblower for m i five and part of the whistle blowing was about domestic surveillance. much of the population today feels that they have nothing to hide. so what do you think about that response it's not about having something to hide it's about having a right to privacy why should the government have access to every aspect of your information your personal life and yet without offering it up now we've been groomed by t.v. shows like big brother where if you win that you get on to a lifestyle or for example facebook where again you were expected you're encouraged to hold your personal information so facebook for example is doing precisely what the spies wet dream gathering sort of information that we would be gathering own domestic extremists and it's not just the official spies we have to worry about these days we have the undercover cops and we also have this explosion of mercenary spy co

lloyd glenn fine. his pay package was also thanks to stock awards. number three, jpmorgan chase, the head of the investment bankis less, his bonus was nearly a million dollars more. number two, the bank of new yo new york, nearly $18 million is head of the investment management came thanks to the bonus and the number one highest paid banker, the ceo of wells fargo. his base salary is the highest of anybody on the list, twice the salary of jamie dimon. my two cents more and the answer to the question of the day, should prison inmates are allowed to sue the government? gerri: new york post issuing a scathing report today showing new york city taxpayers are getting built by more than $100 million by rikers island inmates. these prisoners have been rewarded for winning frivolous lawsuits over things like slipping in the shower. should prison inmates be allowed to suit? year is what you are tweeting me @gerriwillisfbn. they alrea seem to have more rights than the average citizen. no, they lost they're rights when they were sent to prison. we also asked you this. 4 percent said yes, 96 percent said no. here are your

jamie lovable lloyd are heroes to many a young hoping to be derivative slinging financial murderers in the high frequency trading in dark pools is twenty thirteen the year however of the banking death penalty we will see the democracy of the outlaws of the law and order restored of all our planes of finance that is marked production for twenty third stacy herbert max welcome to tory thirteen we haven't got to sleep yet have we got it. well the first headline we're going to cover is a good omen for twenty thirty that's a bad omen i think for lovable lloyd and adorable jamie u.b.s. libel.

lloyd glenn fine. his pay package was also thanks to stock awards. number three, jpmorgan chase, the head of the investment banky is less, his bonus was nearly a million dollars more. number two, the bank of new yo new york, nearly $18 million is head of the investment management came thanks to the bonus and the number one highest paid banker, the ceo of wells fargo. his base salary is the highest of anybody on the list, twice the salary of jamie dimon. my two cents more and the answer to the question of the day, should prison inmates are allowed to sue the government? i had enough of feeling embarrassed about my skin. [ designer ] enough of just covering up my moderate to severe plaque psoriasis. i decided enough is enough. ♪ [ spa lady ] i started enbrel. it's clinically proven to provide clearer skin. [ rv guy ] enbrel may not work for everyone -- and may not clear you completely, but for many, it gets skin clearer fast, within 2 months, and keeps it clearer through 6 months. [ male announcer ] enbrel may lower your ability to fight infections. serious, sometimes fatal events, including infections, tuberculo