we will speak with nomi prins about the 100 year history of collusion between washington and wall street. in shining a light on the nsa black budget. we will go to capitol hill to speak with commerce member peter welch is sponsoring the bill to force the president to include the total dollar amount requested for each of the 16 intelligence agencies. then, a federal judge has dismissed a lawsuit challenging u.s. governments killing of three americans in yemen in drone strikes. we will get reaction from attorney maria lahood. >> the constitution clearly applies to our awlaki because he is u.s. citizen, so he is guaranteed due process. if the us government can kill a u.s. citizen in yemen, that not only expands the global war, but also means a u.s. citizen can be killed anywhere by our government. >> all of that and more coming up. this is democracy now!, democracynow.org, the war and peace report. i'm amy goodman. ukraine said they have regained control over regional administration building , one ofity of kharkiv three eastern cities were pro-russian demonstrators have seized government si

i want to turn to nomi prins.s paint a dark picture of this rigged political financial system. what are you hopeful about? >> there is a time in the book lbj andetween fdr and when the glass-steagall act was enacted and a was lot of people don't know because of the relationship of fdr and winter baldrige, the chairman of chase at the time. outrage front ran -- he front fdr's. it is a time when bankers can get together with bankers to reduce the risk that created a nice stable economy and financial system for about 30, 40 years. >> perhaps glass-steagall is the way to go once again. >> intuitively, it makes sense. shareholders who have benefited from it. thank you, nomi prins, our guest host for the hour. >> thanks so much. peter cook with us. "haven't heard the word boehner" in weeks. low profile for john boehner because there is a lot happening in congress. basically he is on autopilot because he knows they have an advantage. they will hold the house republican thing and a good chance of winning the senate. they

stay tuned to the second half for an interview i did with nomi prins a few days ago. welcome to the john siberian. what are the places you never go to. fun. things you'd never do. it's. perience ill never get. ill will. they all told me my language and all but i will only react to situations i haven't read the reports so i'm letting the pollution of the know i will leave them to state clearly a comment on your latter point of the month to say that it is secure yet a car is on the docket no god. no more weasel words when you have a direct question be prepared for a change when you have to punch be ready for a battle freedom of speech and a little down to freedom to cost. america syriac time to germany on a salary and watch arts. welcome back to the kaiser report imax keyser time now to go to los angeles spiegel nomi prins author of this new book all the president's bankers they had alliances that drive american power know me welcome back to the kaiser report thanks for having me back max all right nomi prins many think the washington d.c. to wall street corridor is a n

stay tuned to the second half for an interview i did with nomi prins a few days ago please forgive me. look it was terrible a problem very hard to make a plan to get along here a lot that has sat with her great care place. a little. little i'm glowing. slow. play. a. lot of the people. welcome back to the kaiser report imax keyser time out to go to los angeles spiegel nomi prins author of this new book all the president's bankers they had alliances that drive american power know me welcome back to the kaiser report thanks for having me back max all right nomi prins many think the washington d.c. to wall street corridor is a newly corrupted one but your book lays out that this corridor has existed for quite a long time tell us about it yeah we're talking about over one hundred years so there's been a century of interconnections family ties bloodline relationships between washington and wall street powers since the turn of the twentieth century right and you discussed the six bankers involved in bailing out the markets in october of one nine hundred twenty nine and the six bankers who d

stay tuned to the second hour for an interview i did with nomi prins a few days ago. crosstalk rules in effect that means you can jump in anytime you want. well come to let's run siberian. what are the places you'll never go to. the fun. things you never do. experience you'll never get. the surprise you will. go to syria. now life. arts. welcome back to the kaiser report imax keyser time out to go to los angeles spiegel nomi prins author of this new book all the president's bankers they had alliances that drive american power know me welcome back to the kaiser report thanks for having me back max all right nomi prins many think the washington d.c. to wall street corridor is a newly corrupted one but your book lays out that this corridor has existed for quite a long time tell us about it you know we're talking about over one hundred years so there's been a century of interconnections family ties bloodline relationships between washington and wall street powers since the turn of the twentieth century right and you discussed the six bankers involved in bailing out the ma

nomi prins her book is all the president's bankers. a former wall street executive that is in for "the new york times" and fortune and the nation and that is of broad spectrum of publications in the united states. her book examines the relationships between banks and bankers and our national government bollenbach to the turn of the last century period the story forward to the president day of my rights is is the co-author of "the bankers' new clothes" is anat admati. and george parker professor of economics graduate school of business i know from personal experience as one of our most uncompromising and penetrating analyst of the banking sector that we have today. for both shines best buy allow dash a spotlight how they could have avoided the most effective reforms since the crisis by lobbying and i hope i am not being to plunge, by buying. [laughter] -- lying and to my far right pathologically speaking is helaine olen a former colleague at "the new york times" and her book is "pound foolish." her work has appeared in the "washington p

nomi prins, thank you so much. i'm so glad you wrote it.orate culture. there was a commitment to creating new jobs out of recycled metals, right here in america. and a bank that helped carolyn rafaelian's business grow from a rhode island storefront into a global sensation. that's the beauty of connecting a vision to an enterprise. that's bank of america. to get your client's attention. from architectural prints and brochures to oversized printouts and banners that will bring your designs to life. ♪ yes, staples has everything you need to get your client's attention... except your client's attention. thousands of products added every day to staples.com, even bullhorns. how much? [ male announcer ] now get 50% off marketing materials. staples. make more happen. ♪ >>> brian sullivan is here. >> i tried. >> we may as well do business before the bell. what's happening on wall street this morning? >> well, we came off a rough day on friday. here's the watch word for this week for the markets. china. china, some people think, could be on the cusp

will be more and larger crises because there is nothing to counterbalance them that was author nomi prins. time now for a very quick break but stick around because when we return i'm joined by anthony randolph though in our new york studio city studio and randazzo and i are discussing banking financial regulation and moral hazard good stuff then in today's big deal edward harrison and i are talking about wall street's recent and total lack of interest in southern california a change from what it was a couple months ago and as we head to a quick break here are a look at some your closing numbers the bell stick around. a little little. live. this was in the washington well it's a. step in the list. is a. candidate for office even going to do that actually that doesn't do too much for ad revenue my own tech agriculture giant gets on a seventy six year old american farmer the studio fallout do you think this is going to the create or the cia do you think this is what's triggering a race for so long to stick but it's also the largest debtor nation. breaking the set is mostly about alternatives

welcome back to boom bust nomi prins quit banking back in two thousand and two and since she has used her knowledge of the banking industry to expose unseemly goings on in the world of finance for the past twelve years she's become a renowned author journalist and public speaker prince currently is a senior fellow at the nonpartisan public policy think tank demos her new book called all the president's bankers is a great historical narrative of the past one hundred years of american banking and the incestuous relationship between washington and wall street now we start our interview by asking what role big bankers played after world war two and during the cold war take a look at what you have to say. well what happened was after world war one these these banks were very involved in financing the allies of the united states and actually moving wilson from what had been a position neutrality into supporting those of those allies and financing a lot of the endeavors of the united states on a private pieces world war two they did the same thing a lot of these same banks and. after world w

will be more and larger crises because there is nothing to counterbalance them that was author nomi prins. time now for a very quick break but stick around because when we return i'm joined by anthony randolph though in our new york studio city studio and randazzo and i are discussing banking financial regulation and moral hazard good stuff then in today's big deal edward harrison and i are talking about wall street's recent and total lack of interest in southern california a change from what it was a couple months ago and as we head to a quick break here are a look at some your closing numbers the bell stick around. is europe willing to overlook those technical issues that sound the rules a little bit too accepting crain first of all i don't think we should bend the rules and i don't think we will be if we accept your train for example to nato but let's be frank if you're crane was a member of nato before this happened russia would never use military force on crimea the baltic countries should not be afraid because russia will of course never going to the baltic to cost them a member of

that was nomi prins author of all the president's bankers time now for today's big deal. big deal time with edward harrison and today we're talking about the chinese economy and the wa and the next moves for the chinese government in terms of their economy now china's g.d.p. grew seven point four percent in the first quarter from a year earlier now that means that from march thirty first two thousand and thirteen to march thirty first twenty fourteen g.d.p. is seven point four percent bigger now this comes in right below the official target of seven point five percent growth for this year which sounds pretty good no wait if you look narrowly at the g.d.p. growth rate for the first quarter of two thousand and fourteen china's g.d.p. has only grown one point four percent from january to march of this year and if you analyze that you get a rate of five point eight percent this year and that's much smaller than the seven point five percent that doesn't sound that good to me so how should one interpret these numbers is it one of those situations where you can pull one statisti

that's what nomi prins' new book says.n and vacation home sales are heating up of the summer season. rest of the home sales not so much and why this all has to do with the stock market later on the "closing bell." e "closing b" we did a 27-point inspection on your chevy,ce, you got new tires and our price match guarantee. who's this little guy? that's birney. oh, i bet that cone gives him supersonic hearing. watch what you say around him. i've been talking a lot about his procedure... (whispering) what? get our everyday price match guarantee plus a $100 rebate on 4 select tires from your tire experts. chevy certified service. (announcer) scottrade knows our and invest their own way. with scottrade's smart text, i can quickly understand my charts, and spend more time trading. their quick trade bar lets my account follow me online so i can react in real-time. plus, my local scottrade office is there to help. because they know i don't trade like everybody. i trade like me. i'm with scottrade. (announcer) ranked highest in inv

that was author nomi prins. time out for a very quick break but stick around because when we return i'm joined by anthony randolph though in our new york student city studio and randazzo and i are discussing banking financial regulation and moral hazard good stuff then in today's big deal edward harrison and i are talking about wall street's recent and total lack of interest in southern california a change from what it was a couple months ago and as we head to a quick break here are a look at some your closing numbers and the bells to. old. technology innovation all the list of elements around russia we've got the future are covered. what events led to you ending up in this care home with three. migrated me declared incapable of taking care of myself and sent me here is simply can't insist on his own rights without someone else's support and. suddenly he started to be afraid of everything for you he was afraid of people he was afraid of dogs. the doctor suggested that he might have autism they told me he had vir

stay tuned to the second half for an interview i did with nomi prins a few days ago. but almost told me my language as well but i will only react to situations i have read the reports but i'm likely to push the know i will leave them to the state department to comment on your minor point of the month to say to mr kerry you have a car is on the docket no gonna. go no more weasel words. when you fade a direct question from the prepared for a change when you throw a punch be ready for a battle freedom of speech means little down to freedom to costs. over. did you know the price is the only industry specifically mentioned in the constitution and. that's because a free and open process is critical to our democracy which albus. in fact the single biggest threat facing our nation today is the corporate takeover of our government and across several we've been hijacked why a handful of transnational corporations will profit by destroying what our founding fathers once told us i'm job market and on this show we reveal the big picture of what's actually going on in the world we

that was author nomi prins. time out for a very quick break but stick around because when we return i'm joined by anthony randolph though in our new york studio city studio and randazzo and i are discussing banking financial regulation and moral hazard good stuff then in today's big deal edward harrison and i are talking about wall street's recent and total lack of interest in southern california a change from what it was a couple months ago and as we head to a quick break here are a look at some your closing numbers of the bell stick around. we welcome erin eight and abby martin two of the two or three coats on the our team that work. it's going to give you a different perspective give you one stock never i'll give you the information you make the decision don't worry about breaking the work the revolution of the mind it's a revolution of ideas and consciousness is frustrated with the system it's very very probably would be described as angry i think in a strong you know when you're single. your friends post a

death for the past twelve months nomi prins has been a renowned author journalist and public speaker however in days. prior prinz was also a banker rising managing director of bear stearns and goldman sachs but she quit banking in two thousand and two and a since used her past position as a banker to expose unseemly goings on in the world of finance this week she has a new book out called all the president's bankers which is a great historical narrative of the last one hundred years of american banking and the incestuous relationship between wall street and washington now i asked me what the main thesis running through the book was and what she most wants people to understand after reading it take a look. it's really a two part one is that the research i did which goes back to over a century the alliances between presidents and key bankers of their time. are really what has driven americans for and out of financial and military policy to a large extent over that past century and that in turn a lot of those relationships are very tight family blood intermarriage protos a mentorship as

dollar and what that means for you and finally we move on to author and scholar nomi prins prince takes a deep dive into the cozy relationship between u.s. political muscle and the big banks and her new book all the president's bankers take a look. you know sleuths the country simply declares its new currency falls on its it has to read denominated debts into a currency and it has to allow the trading depreciating currency brings in the economy that's the key before with the currency markets the country. ok and now we're in a tentative recovery do you think the euro zone is salvageable. oh sure i think it is so. because if you said to me you know why is the euro zone washed yours though still pretty depressed and also i think it will be for your i don't think the euro should be so i think it should europe and it. really i think. you were not interested in any of the euro zone is is a deeply unfair one because countries within the euro zone maintain their fiscal authority if you like they are able to tax a citizens at a rate which their citizens of find acceptable they collect the revenu

practice to determine whether it violates insider trading laws joining me now for more on this is nomi prins journalist senior fellow at demos and author of the book all the president's bankers the hidden alliances that drive american power and i mean welcome back to the program. hi thanks tom for having me back it's great to see you again the way michael lewis makes it sound high frequency trading isn't all that different from traditionally illegal practices like insider trading is it all that different. on the one hand high frequency trading is about using you know as you mentioned in your intro computerized algorithms and such to determine when flows are coming into the market so that if somebody is having a small investor a small company is ordering a buyer sell on the market that the idea is that high frequency traders get that information about that buy or sell front run that individual or that smaller firm or that smaller group of investors and makes money on the fraction of the difference between what their order was and what the high frequency orders executed that and that of course

board and ken lay was like oh boy i want to trade commodities you know and it's it's i'm any of nomi prins thank you so much for sharing your insight and basically insider knowledge you know what you know with us i really appreciate it great to see you you thank. for tonight's great report for the first time ever our lawmakers are calling on the environmental protection agency to investigate water contamination from tracking eight members of congress have signed a letter to e.p.a. administrator gina mccarthy asking her to restart investigations in parker county texas democrat sylvania and pavillion wyoming and to address the water contamination that those communities experience apparently because of natural gas drilling years ago the e.p.a. started to investigate polluted drinking water in those areas but the agency withdrew before finalizing the results of the investigations in their letter to administrator mccarthy is congressman said that when the e.p.a. left the people in these communities were left with nothing but polluted water and little explanation. one of the affected residents i

. >>> also here in new york, rick newman and nomi prins.ll stick around and maybe she'll say intersectional again. >>> coming up president obama on lbj and the limits of presidential power. does he still believe yes we can? there's more coming at the top of the hour. mine was earned in korea in 1953. afghanistan, in 2009. orbiting the moon in 1971. [ male announcer ] once it's earned, usaa auto insurance is often handed down from generation to generation. because it offers a superior level of protection. and because usaa's commitment to serve current and former military members and their families is without equal. begin your legacy. get an auto insurance quote. usaa. we know what it means to serve. they don't know it yet, but they're gonna fall in love, get married, have a couple of kids, [ children laughing ] move to the country, and live a long, happy life together where they almost never fight about money. [ dog barks ] because right after they get married, they'll find some financial folks who will talk to them about preparing early for

dollar and what that means for you and finally we move on to author and scholar nomi prins prince takesa deep dive into the cozy relationship between u.s. political muscle and the big banks and her new book all the president's bankers take a look. innocent's the country simply declares its new currency that falls on the exchange markets it has to read to nominate its debts into a currency and it has to allow the traders that depreciating currency brings in the economy that's the key before the currency makes the country competitive ok and now we're in a tentative recovery do you think the eurozone is salvageable. oh sure i think it is so. true because if you said to me why you are so watch your show still pretty depressed we also get your i don't think. research should. really i think. you are completely system in the euro zone is is a deeply unfair one because countries within the euro zone maintain their fiscal authority if you like they're able to taxes citizens at a rate which they're citizens of find acceptable they collect the revenues at a national level and they manage their tax