welcome to the kaiser report i-max kaiser is george osborne the straw man of treasury secretaries according to wikipedia straw purchases any purchase wherein the agent the straw person agrees to acquire a good or service like a mortgage for someone who is unable or unwilling to purchase the good or service himself. and the agent transfers the goods and services to that person after purchasing them. the mind boggles let's get stacy herbert in air to discuss this yes max today this morning across the world i've been noticing that this scam that happened in the us towards the end of the housing market bubble which was a famous case in arizona where this guy had a development he wanted to sell and flip all these condos so he got some straw persons to buy the properties and start bidding wars as if they were some huge demand for their property so with this in mind i look at this headline no rush to sell lloyd's shares as bank returns to profit u.k. taxpayer now is thirty nine percent of lloyds max and the shares are booming shares left as it was announced it made two point one billion pounds in

that chancellor george osborne regards as the breakeven level so he has his own break even level which is a lot lower than what the real fact is because the government actually bought the shares at an average price of seventy three point six p. during lloyd's twenty point three billion pound bell out at the height of the financial crisis but the average market price at the time was sixty one p. so they book the difference as a loss and put it on to the national debt exactly the national debt continues to go higher in this country because of number a. or that george osborne regards as a breakeven number it's not a number that is mathematically accurate just like the c.p.i. or inflation number in this country is not mathematically sound it's a number that osborne regards or mark carney the new bank of england chair will come in this week and start talking about his goals as fed or bank of england chairman and he'll give goals like we're going to keep interest rates low for a certain period of time and we're going to expand the g.d.p. but all of these numbers and concepts are constructs a

scrounging off the state these are people who just sit on the dole all day now this is what george osborne had to say in june about why they were cutting money from the housing benefit welfare reform is about much more than saving money vital though that is it is about reducing dependency and changing people's lives for the better where is the fairness in condemning people to a life on benefits because the system will not help them to get back into work now look at the twelve billion pounds who's taken from them and shifted to those who speculate in the housing market many of those people do that and that's it they extract equity from their homes they don't actually work there it's not it's not in any way that he's not taking it from. an unproductive sector and adding it to a productive sector speculating and housing is not a does not lead to innovation growth developing economy real jobs it's unproductive. that's right the people of new care the poor people are being stamped out it you're right it is propaganda you know that they the government is engaging in propagandizing poor people in

of course is working with him now because they'll say well actually george osborne to be running the show was it because he's going to have the finger on the bells of the employment numbers being being being and then they're going to adjust the interest rates based on this employment number that i was going to cooking up is that you guys you could argue of course is the biggest debtor of all because of the government debt one point three trillion right so if unemployment actually goes below some percent income he's thinking about raising interest rates that's actually a disincentive for osborne to want to reduce unemployment although he felt his house prices to go up before the next election are going to election looming only one and a half years away as long as everybody feels good because of rising house prices the calculation is he'll get back to tom and judy show these guys are playing punch and judy show word where i was born says this carissa something else they cancel each other out as you said is this is a set of lies to get that number down because it would then. all kinds o

would require capital and investment but that all that capital is being used as a massive george osborne ponzi scheme so there won't be any high paying manufacturing jobs in this economy there's only bubble well this is exactly what adam posen points out here is that all of the middle class savings is going into housing instead of putting it to more productive uses such as investing in new businesses infrastructure or research and development and so ironically all the research shows that in fact the more housing ownership you have in a community a state or local municipality. always following the house price rises and the home ownership increase you find unemployment also increase right well because economics is a wonderful science that can bring some simple mathematics to the day to day activities of one's household and one's economy and if you dump all of your money into speculating and you crowd out the actual manufacturing jobs that would create labor and create wages and create capital that would form the basis of capitalism the results are predictable you see it in this economy wag

speaking of scroungers like george osborne yemen situation where the housing market crashed essentially in two thousand and two thousand i was part of the credit crunch the scroungers in this case would be the big banks in this country and the housing developers who were sitting on bonds that were collateralized by the mortgages they were sold. hundreds of billions of pounds worth of these mortgage backed securities are sitting on their balance sheets if these mortgages were allowed to trade at the fair market price based on true supply and demand then all four of the big banks this country would have been insolvent the government they want scrounging to the government and saying you we need you to take all of our should crap mortgages and put it on the balance sheet of the bank of england in exchange for fresh pounds that will put on our balance sheet and we'll say we're solvent so in other words the option of the aristocratic class is to simply take all their bad day whenever they make a mistake swap it for good stuff at the bank of england and then declare themselves solvent so if th

with mark carney and george osborne but first i want to talk about this month's santo experimentation because there's been a remarkable video on c.b.c. in canada and this is the length and o'leary exchange and they have a thirteen year old girl i'm called rachel parent and she's a activist against genetic modification untested and unlabeled genetic modification so first let's talk turned to this clip here what is what would the testing look like in other words what kind of testing would be reliable to say this is ok for the environment ecosystem finitely we need a long term study to determine if it safe for not only our ecosystem but our health as well. we're in a long term study you're eating genetically modified food whether you're a good or a lab rats and we have been for decades now wow well it's very consistent is that what this idea. or around ladder saddledome depending on you interpret what are being said by these cells i mean the kid has got a good point. you know before she is corrupted i guess that's the question but what's the follow up on the well you know she points out

using payday lending exploit the they're not equal borrowers in other words for the friends of george osborne and friends of the government they can borrow from the bank of england for half a percent but if you're living on a council estate somewhere you go to is five thousand percent so it if you're in a semi a small business higher rates than you would get if you're let's say a friend of goldman sachs or j.p. hasn't really accurately cleared the insiders so this is interesting apartheid really discriminating against people who are not willing to be kleptocrats because remember the cheapest money the cheapest loans go to the hardest kleptocrats the hardest financial criminals in the society is discrimination against being a non kleptocrat yourself yet no it's a discrimination against being a productive member of the economy someone who makes things and does things if you're a small business you know if you if you're out there trying even if you're a consumer you're trying to do something and you are discriminated against and what annoys me i mean i have. a big go bad world of bankers and so

payday lending it's but the they're not equal borrowers in other words for the friends of george osborne and friends of the government they can borrow from the bank of england for half a percent but if you're living on a council estate somewhere you go to is five thousand percent so it if you're in a semi a small business higher rates than you would get if you're let's say a friend of goldman sachs or j.p. has really angered to clear the insiders so this interest rate apartheid really discriminating against people who are not willing to be clipped the credits because remember the cheapest money the cheapest loans go to the hardest kleptocrats the hardest financial criminals in the society is discrimination against being a non kleptocrat yet no it's a discrimination against being a productive member of the economy as someone who makes things and does things if you're a small business you know if you're out there trying even if you're a consumer you try to do something and you are discriminated against and what annoys me i mean i have. a big go bad world of bankers and so on what i don't l

judge osborn asking him multiple times whether he was certain he would pass this chance to plead for his life. she asked if he was knowingly waiving this right, and whether he was doing it not under any sort of threat. in fact, hassan still has tonight if he wants to reconsider he has that second chance tomorrow morning at judge osborn's insistence if he so chooses to give a statement, tony. >> i wonder were there more victim impact statements today in court? >> reporter: there certainly were. you know, they're the ones who really want to have the last words. they want the attention because their story is of thee mention e destruction that hassan has left in their lives. sons growing up without their fathers. wives never seeing their husbands home. despite all of that hassan just emotionless. >> a 12-year-old florida boy has died after battling a brain-eating amoeba. but his family is donating his organs so other children might live. zachary contracted a rare parasite while knee boarding. his body with us kept alive to benefit organ recipient. there have been 30 cases of this type of

hood for years, a colleague of the judge in this case, tara osborne. thank you for being with us. judge osborne i think most lawyers would say was very wise and judicious and skilled because what she did here was limited the scope of the evidence presented by prosecutors, wouldn't allow, for example, evidence that hasan had corresponded with anwar al awlaki, the american-born cleric associated with al qaeda. is that because the judge wanted to give less of an opportunity to attack the record on appeal? >> that certainly could be the case. you know, it's the judge's responsibility to keep a clean record and to avoid any kind of errors on appeal. so i feel that she was limiting the scope to, rightly, the elements of the offense and the evidence that was needed to prove up the elements. >> we'll put a graphic up on the screen. the judge obviously knows the record of appeals. look at this. there are five condemned soldiers currently on death row, but military appeals courts have overturned 11 of the 16 death sentences. no active duty soldier has been executed in the system since 1961.

concern was here every step of the day when hasan made a decision that was disadvantageous, colonel osborn step in and make sure, a verify that he was knowingly doing this, knowing the consequences. she said, quote, that he is the captain of his own ship, and despite the warnings against continuing to represent himself and waving the right to his live, hasan made this decision and now it's up to the jury to determine how this will turn out. >> heidi thing you very much. >>> one of the largest wildfires in california history is inching closer and closer to homes. the footprint of the fire continues to grow, and now more firefighters are coming in to help. it is still at this hour only 20% contained. flames have reached the shore of the reservoir that is the main source of drinking water for san francisco. so far the testing shows that the water is still healthy. san francisco's electricity also said to be in danger. that fire damaging two of three power generators there. katherine is standing by live, and we understand there has been an update on the size and scope of this fire? >> dell, fi

welcome to the kaiser report i-max kaiser is george osborne the straw man of treasury secretaries according to wikipedia a straw purchase is any purchase where in the agent the straw person agrees to acquire a good or service like a mortgage for someone who is unable or unwilling to purchase the good or service himself and the agent transfers the goods and services to that person after purchasing them. the mind boggles let's get stacy herbert in air to discuss this yes max today this morning across the world i've been noticing that this scam that happened in the.

welcome to the kaiser report i-max kaiser is george osborne the straw man of treasury secretaries according to wikipedia straw purchases any purchase where in the agent the straw person agrees to acquire a good or service like a mortgage for someone who is unable or unwilling to purchase the good or service himself and the agent transfers the goods and services to that person after purchasing them. the mind boggles let's get stacy herbert in error to discuss this yes max today this morning across the world i've been noticing that this scam that happened in the us towards the end of the housing market bubble which was a famous case in arizona where this guy had a development he wanted to sell and flip all these condos so he got some straw persons to buy the properties and start bidding wars as if there were some huge demand for their property so with this in mind i would look at this headline no rush to sell lloyd's shares as bank returns to profit u.k. taxpayer now is thirty nine percent of lloyds max and the shares are booming shares left as it was announced it made.

with mark carney and george osborne but first i want to talk about this month's santo experimentation because there's been a remarkable video on c.b.c. in canada and this is the length and o'leary exchange and they have a thirteen year old girl i'm called rachel parent and she's a activist against genetic modification untested and unlabeled genetic modification so first let's talk turned to this clip here what is what would the testing look like in other words what kind of testing would be reliable to say this is ok for the environment ecosystem finitely we need a long term study to determine if it's safe for not only our ecosystem but our health as well. we're in a long term study you're eating genetically modified food whether you're a good or a lab rats and we have been for decades now wow gun well it's very consistent is that what this idea. or not. depending on you interpret what are being said by themselves i mean yeah the kid got a good point. you know before she is corrupted i guess that's the question but what's the follow up on the well you know she points out that all she w

and they will blame george osborne for that. not only can they make the economy grow and make a perform, also who with the public give credit or blame depending on where we are by the general election. crucially, is it combatant to take over in 2015? >> the battles ahead. the mps return in september. they continue a high-speed rail line and sell-off or royal mail and a bill on lobbying. we will be back on september 2 at 11:00 p.m. goodbye. [captioning performed by national captioning institute] [captions copyright national cable satellite corp. 2013] >> that was a look back at some of the major events and debates of the british parliament over the last few months. the british parliament is currently in recess. prime minister's questions will return live at 7 a.m. eastern. journal,xt washington the fbi discusses recent action against a child prostitution ring. it stretched across cities including chicago, san francisco, and oklahoma city. the senior correspondent will talk about the health care law and its impact on insurance rat

and they will blame george osborne for that. not only can they make the economy grow and make a perform, also who with the public give credit or blame depending on where we are by the general election. crucially, is it combatant to take over in 2015? >> the battles ahead. the mps return in september. se. they continue a high-speed rail line and cell of royal mail and a bill on lobbying. will be back on september 2 at 11:00 p.m.. goodbye. [captioning performed by national captioning institute] [captions copyright national cable satellite corp. 2013] >> is a look back at some the major events in the british parliament over the past few months. the british house of commons is, -- is currently in recess. prime minister's questions will return live on c-span two at 7:00 a.m. eastern. in a few moments, former texas ul speaking onn pa personal liberties and the role of government. then q and a with williams still. he talks about highlights from the first half of first ladies. after that, i never chance to see the major events in britis

making is the ship comes at the present moment doesn't belong to england it doesn't belong to george osborne the chancellor is part of the assets of the united kingdom but the point is quite simple we are prepared to take a share of assets and a share of liabilities in the way both these are huge but if of course he was to argue as he suggests he might we can have a share of assets of the common currency then by definition we don't have a share of the liabilities and the liabilities for the data can be huge the many international precedents for example the breakup of the soviet union will be newly independent countries did not by negotiation end up paying the national debt of the soviet union so the belongs to london the present moment if they are to persuade us to accept a share which we are willing to do the new only basis in which we'll do it is if we have a share of the assets as well you can't of one with the other because of the bond with a penny and that is why incidentally the after the yes vote for independence will be no difficulty from london about sharing a common currency adam b

economy or a want to society is government gets captured by the rent seekers so you look at george osborne now the u.k. chancellor and he can't make me i don't think he would anyway but i don't but he can't make meaningful leadership decisions because he's being told what to do he bought the fire sector so why are insurance and real estate so and they're the rent seeking they're the rent seeking factors if you like but when they can just basically have the predators are ripping everybody else extracting real value from the real economy it will risk when they're just lucky zero risk they're not taking their perpetrators are for numerous more risks to know now here's what you want to risk here's the key point why on the entrepreneurs up in arms why don't the entrepreneurs in the people who create value even the stay at home moms who was born recently is totally. marginalized stigmatized this divide and conquer thing is is wearing thin and thankfully entrepreneurs are starting to get you you are wise to this and coalesce around the. agenda which is something we should we should push a lot har