trust face administration as they struggle to repay large debts from p.f. ideals so the scheme saw private firms building hospitals leaving the n.h.s. with basically a mortgage and an annual fee to pay over thirty years the total value of the n.h.s. buildings built by labor under the scheme is eleven point four billion but the bill basically max comes down to seventy billion on its equity extraction they load the system up with debt they pay themselves a huge dividend and then expose the entire system to any fluctuation in interest rates which of course are inevitable and then it goes bankrupt is the philip green model over their t.v. if you call it pants up a billion pound dividend by loaning the. company up with debt paid to his wife in monaco and then of course he was totally exposed to the vagaries of interest rates but when confronted with this information on sky news tony blair said that the contribution p.f. i had made to rebuilding the country's infrastructure was immense he said p.f. i have been copied around the world. of course it because it's a

thousand law position and the fifty thousand short position they put a full margin it's a piece of p.f. she collects that money they do not necessarily need to forward it based on the adding of the transactions to their clearing broker so that money is sitting in these safe funds account that she is supposedly managing that the f.a.a. is supposedly overseeing there's supposedly on hold for the customers they're doing whatever they want with that money we found out they've been spending it they've been losing at. yad l.a. i now one thing that i want to ask about because you have been in contact with a former employee as someone that you have had me speak to we both spoke to me doesn't want to go on camera for obvious reasons but just to paint a little bit of a picture of what was going on with this company and terms of. corruption evidently what what did he tell you. well he said the internally within p.s.g. it was a very incestuous relationship for example brenda kiper the c.f.o. she was brought onto the company in one thousand nine hundred four as a staff accountant she was later prom

is supposed to be overseeing this they weren't even checking the bank account of p.f. cheat they're just going off of russ wassenaar of senior. signature he says yeah there's three hundred million in the bank trust me they don't ever call the bank they don't want to see your real statement what sense does this make they have n.s.a. people in their offices every day going over all their advertisements and all their paperwork with a fine tooth called how could they have not known this money was not in that us big account say funds need to be locked out they need to be reported on a daily basis but right now this is not a requirement of these regulators and the n.s.a. has failed miserably to do its job it is failed completely to do its job if you can't do something as simple as check the bank account what good is well and even in the wake of m.f. global you would think that there would be that much more scrutiny of segregated funds which makes this all the more alarming and my view at least i appreciate you being on the show to share your story thanks so much christopher

ounces of gold from another customer that essentially creates a net position of zero which requires that p.f. she put up a very minimal minimal margin about for that position as it's being record reckoned as a net zero zero zero her for those who have the fifteen thousand law position and the fifty thousand short position they put up a full margin to p.s.g. p.f.g. collects that money they do not necessarily need to forward it based on the adding of the transactions to their clearly broker so that money is sitting in these safe funds account that she is supposedly managing that the f.a.a. is supposedly overseeing their supposedly on hold for the customers they're doing whatever they want with that money we found out they've been spending it they've been losing at. yad l.a. i now one thing that i want to ask about because you have been in contact with a former employee as someone that you have had me speak to we both spoke and he doesn't want to go on camera for obvious reasons but just to paint a little bit of a picture of what was going on with this company and terms of. korat said adèle a w

so when you're at p.f. chang's you want to get sichuan shrimp.ries, a third of an entre. red lobster, crispy calamari and vegetables. the problem is this squid is going to wrap its tentacles around you and pull you under. this is salt with a side of fish recipe. it's 1500 calories, 100 grams of fat. it is like eating a bag and a half of fun yuns. >> why did you choose that? >> it's fun, except when you're having a bag and a half. 70% of americans when they go outing to a seafood appetizer are getting shrimp. 60% of the time they are getting crab cakes or coconut but this is healthy. cheesecake factory, shrimp and chicken gum bo. the problem here, we've got 1600 calories, 37 grams of saturated fat. that's two days worth of saturated fat, savannah. it ends up being the calorie equivalent of 39 slim jims. >> even if you love slim jims. >> i grew up on them as you did. >> the alternative looks good. >> shrimp creole, again, saving 1,000 calories. makes all the difference when you're going out. you just need to be aware of what you're eating. >> if yo