they were armed with missells. they were more than 300 missile sites. 16 in the bay area and this one nestled in the rolling hills of marin was one of them. the missells were designed to stop, mainly the soviets. they had one simple motto, if it flies it dies. >> the hercules had a flight of one minute. it was designed to go up in the air up to 25 miles, make a turn, come down and explode over the top of a group of bombers. >> guidance system was fair. nobody ever knew whether in this area whether you would hit anything or not but you never fired one. >> radar on top would be sweeping all the time. if it detected an incoming flight what they would call ufos it would alert. >> and it was soon obsolete. so why is this missile base so meticulously preserved today? why have volunteers most of them former soldiers at the base contributed thousands of man hours over the last 15 years to keep this place in memory? this place where greatfully a shot was never fired in anger. >> it's history, that's the main thing we're all

misselling of instantly exploding interest rate swaps the naked short selling of silver your animal of the state jamie diamond. max yes we have some enemas of the state in our first headlines here feds man ball in use and i'm a kits return them to store for resale a florida man faces federal tampering charges after he allegedly bought used repackaged i returned at least twelve home and among kits from a c.v.s. drug store which were then resold to unsuspecting customers well let's roll back a little bit to a headline about bear stearns now owned by j.p. morgan bear stearns e-mail refers to bonds as a sack of ass asterix astra caster act. but the bank kept force thing them on investors says lawsuit so these are the mortgage backed securities that bear stearns now owned by j.p. morgan packaged into but this into securities and sold on to pension funds around the world they referred to one of them of course as a bleep breather i'm not going to be surprised when j.p. morgan jamie dimon ounces are going to take this and the reseller public as an animal reseller i.p.o. value them at a billion

misselling of financial products to people who are too gullible to realise what they were being soldproducts that were not fit for purpose they wouldn't fit for the for they use but they were told if they wanted to learn you know you have to have this insurance product the problem was with this this concept what they were doing was this was one huge massive exercise in fraud it was an institutionalized level of fraud and it should have been dealt with this for a lot and people should have been prosecuted and people shouldn't go into prison for it now the other mooning monsoon weekly came along and he was interviewed on the radio on radio four on the today program and during the course of that interview. davis said to him what was his but what was going to be his policy towards issues such as misselling because he said you know this is this is a major series of crimes in a ten ten billion pounds worth of crime which is the money's being allocated to pay these people back and not him we said well he said well that you know they're paying the money back and they haven't said to him yet

could dorf the more than ten billion pounds paid out to victims of payment protection insurance misselling now two things first of all the reason why these victims of this insurance product remember it's not just interest rate swaps it was sold to them as an insurance product that this was just a typical insurance policy like flood insurance you buy insurance on the interest rates the same banks involved in this misselling were also involved in rigging law . rates down so forcing all the small and medium sized enterprises across the u.k. to pay them more as a result of all the interest rate swaps sold to them so it's like here we have let's say the jimmy savile's a pedophile so the government knowing through back channels on the b.b.c. that jimmy savile is a pedophile they give him the keys to a children's hospital now look at the financial terrorist market here you have libel rating being manipulating interest rates down so that credit default swaps sold to small medium enterprises are forced to cough up. the extortion penalties put them out of business there's no difference between a jim

course you mentioned you were in the air force a new pentagon report says that banks appear to be misselling student loans to the troops even though they have a special protections not available to the rest of the population forty one percent of troops have student loans so here is get into that area of the banks and the banks stirrers and a lot of the problems there as it applies to the military and the seemingly the banks don't mind who they victimize even the troops here thought well you mention the special protections and congress has created special protections for troops that take on debt i believe certain conditions if you're deployed you can put your interest payments on hold that sort of thing so on one hand you have the noble intent as we so often see government economic policy of helping the troops but i think what it actually does is it entices troops to take on debt that they might not otherwise take off if you don't have to pay for it right now then it's more than instead it's a take on that debt so. sure you know the banks are going to take advantage of any special privileges