scheme the young people are the last then on the ponzi scheme and they want to end this ponzi scheme perhaps start a new one well this war between the generations is not new you know the folks at the top with a lot of money tend to be older and they don't want to share that wealth with anyone under thirty and so you have things like huge student debts to finance college to benefit pensioners that doesn't benefit students and that's an innovation brought on by neo liberal politics post reagan that are to keep the status quo as hellacious as it is the difference i think now is that the cost of creating and distributing alternative media has dropped to near zero in the u.k. outlets like the canary from that fabulous woman mendoza kerry amanda berry and mendoza who we've had on our show i mean she's she's that was widely quoted as the telegraph or the times and she's rocking the boat and so she's really helping to frame for this generation why they should vote for example jeremy corbyn and what that means and i think that's the big difference as we saw this youth uprising beginning with

scheme economy and you know the fed is now tapering a ponzi they're trying to taper a ponzi right as all of this subprime auto loan. detritus comes to market the toxic try to better service i say to try to that's good so this toxic trifecta for auto loans is fueling hash tag carmageddon institutional investors that manage other people's money grab subprime auto loan backed securities because of their slightly higher yields these bonds are backed by subprime auto loans that have been sliced and diced and repackaged and stamped with high credit ratings but those issued in twenty fifteen make end up the worst performing ever in the history of auto loan securitizations fitch warned so those with a twenty fifteen vintage subprime auto loans fitch rates these as experienced cumulative net losses projected to reach fifteen percent yeah the vintage twenty fifteen some prime auto loans taste great with some bailout money from long term capital management from one thousand nine hundred ninety thousand but that together with a nice bottle of beaujolais from chernobyl and you've got yourself a f

scheme economy and you know the the fed is now tapering a ponzi they're trying to taper a ponzi right as all of this subprime auto loan detritus comes to market the toxic try to say detritus i say the truck this. that's good so this toxic trifecta for auto loans is fueling hash tag carmageddon institutional investors that manage other people's money grab subprime auto loan backed securities because of their slightly higher yields these bonds are backed by subprime auto loans that have been sliced and diced and repackaged and stamped with high credit ratings but those issued in twenty fifteen make end up the worst performing ever in the history of auto loan securitizations fitch warned so those with a twenty fifteen vintage subprime auto loans that was a good fit rates these as experienced cumulative net losses projected to reach fifteen percent yeah the vintage twenty fifteen some prime auto loans taste great with some bailout money from long term capital management from one thousand nine hundred nine two thousand but that together with a nice bottle of beaujolais from chernobyl and y

tonight more settlements are rolling in court cases tied to the infamous ponzi scheme perpetrated by bernie madoff paying off for some we now see the total recovered funds hitting above ten billion dollars chinese retail giant ali baba plants a flag in new territory it's knapped up over an eighty percent stake in a growing internet retailer focused on southeast asia and my guest says federal reserve chair janet yellen is way off the mark in a speech delivered in london she said another financial crash like the one two thousand and eight won't happen in her lifetime or beyond stand by the bust starts right now. deutsche bank went out on an inflation limb which put it on track to lose up to sixty million dollars the issue at stake is whether traders went around the risk limits on derivatives trades which were tied to u.s. inflation this of course calls into question the quality of the which is risk controls which have already drawn scorn worldwide let's go back to short months to what the federal reserve find to your bank for not keeping its traders in line with the volcker rule which

he's accused of an $11 million ponzi scheme.est known for jacking up the price of mh drug. -- aids drugs. they fork over $23 million in ill-gotten gains from years of benefiting from their father's ponzi scheme. mark made off, and intravenous have agreed to cough up the money is part of a deal hashed out with the trustee here responsible for recovering money for investors. half the money will also go to the victims find which has recovered $9 billion for the terms thus far. we are seeing pressure for the tech stocks this morning. nasdaq futures down by by half of 1%. dow futures unchanged that that's what's happening now. cheryl: we talked about yesterday on this show. the european union if you're with us yesterday assigned google a record to .72 billion for reaching antitrust rules. regulators claiming they've abused market dominance with an advantage to the company's other products. let's bring in prosecutor and criminal defense attorney david bruno. it just seems like the regulators are going up there american companies. exec

the small entrepreneur, who works hard and basically sees the democratic message as one big ponzi schememoving money from a to be at the expense of that veterinarian or hard-working entrepreneur or backdoor worker. the vast majority of america is looking to provide essential government services but beyond that, scale down, stop trying to spread the wealth around equally to the detriment of everyone who is working hard for a living. to go back -- phil flynn was for smaller government. that is the winning message, instead they are doing the opposite. arthel: dagen: and two losses in the special election and more than that, more in recent months and now you hear democrats talk about we need to change the message to jobs and the economy. >> gary was right, not just about the message but tactics and strategy. we have an election on the same day in georgia and south carolina. we saw more money than has ever been poured into a congressional race into georgia. one state over in south carolina the democrats ran someone who was distinguished, had a long business track record, the race was low-key

a ponzi scheme hand game. i don't know why people aren't ollowing everything. he's all president trump, it kills me to say this, all president trump is doing is undoing what his predecessor did because he didn't like the black man being president, simple as that. he started with the birth and stuff in 2007 and 2008. he never stopped. he got in to become president and he doesn't give a darn about cubans, cuban americans or anybody but rich people. wake up, america. wake up! host: all right. lisa there in queens village, new york. again, taking your phone calls, as she mentioned, this is just one of the campaign promises and one of the steps that president trump has been taking to roll back a number -- a number of directives under president obama. we got mary on the line, tampa, florida, independent. mary, you're right there in the thick of it. what are your thoughts? caller: i couldn't be prouder. i couldn't be happier. i totally agree with the previous callers before the last three or four. myopic people who obviously haven't been around long enough to know the

he is accused of running a $11 million ponzi scheme.d said he e-mailed her one day saying she was up $135,000. 31 minutes later he second e-mail saying the fund was out of cash and shutting down. it took more than a year before he finally paid her in cash and stock that she eventually sold for a nearly $3 million profit 68 >>> and a texas judge will not revoke bond for aflew inchsa mom sonya couch. she wanted bond revoked. the judge advised her to use common sense as she's awaiting a trial for allegedly helping her son leave the country after he was behind the wheel in a deadly drunk driving crash. at his trial, he said wealth prevented him from having any sense of spongebility. >>> a classical orchestra had to deal with an interesting audience member. >> it happened in turkey. during the concert, a labrador strolls onto the stage to join the musicians. they play on. the dog gets comfy. sits dow while. and as you can hear. the crowd absolutely loves it. >> apparently, the lab wasn't too impressed with the music. he eventually lets out a

the government says bernie madoff's late sons benefited from his massive ponzi schemes, and today their estates agreed to turn over $23 million. mark madoff committed suicide in 2010, his brother andrew died of cancer in 2014. neither was charged in the fraud for which their father is serving 150 years. a trustee has recovered about two-thirds of the $17.5 billion madoff's customers lost. well, look who showed up at the airport in boston yesterday ready to board a flight. a 20-pound live lobster. it was spotted inside checked luggage. the t.s.a. says there's nothing wrong with bringing a live lobster on a plane in a proper container. they just thought you'd like to see this one. up next, 20 years of wizardry. >> mason: no one knew it at the time, but 20 years ago today an industry was born. when "harry potter and the philosopher's stone" was first published in britain. author j.k. rowling had been living in poverty. but after a pile of rejection letters, she finally landed a $2,000 deal. just 500 books were printed. there would be six more volumes, of course, more than 450 million books

rosenthal: when the book came out, "wizard of lies," it would have focused more on the ponzi scheme, and as we got distance from it, one son died of cancer, one son hung himself. and as you get further away, you realized this broken family. so, there were certainly, bernie hurt a lot of people. he was really quite despicable. but he also hurt those who thought he was protecting. and left them in such a vulnerable position. there's a moment in the film where mark says how do i trust anything about myself, when the father who raised me, who taught me right from wrong, has lied about everything? and so you think about that and growing up like that it really made for magnificent drama. megan: and hbo was your partner as well and helped push to get that through, obviously hoping that it will get a larger audience than had you gone through more traditional -- ms. rosenthal: if we had gone through more traditional -- a, this is not a movie the major studios are making today. it would be considered a smaller movie. so you would be doing this the independent film route, and that is a lot of w

martin scali was vilified for raising the drug by 5,000% arrived in federal court in brooklyn of a ponzi-like scheme. shkreli was accused of lying and siphoning millions of dollars from a biopharmaceutical company to repay them. he has plead not guilty. >>> a guilty plea today in prince george's county from eulalio tordil. the former protective services officer who went on a two-day shooting rampage. tordil pleaded guilty this morning to the murder of his estrange wife gladis. he's also accused of killing a man who tried to help her. he pled guilty to two counts of first-degree murder and two counts of attempted first- degree murder in montgomery county. his plea calls for a sentence of life in prison without the possibilit y ofparole. >>> it's called wildlife season for a reason. so what led up to these two deers squaring off to settle a score? >>> but first hear from witnesses who likely nasty fall over the weekend. >>> divers are searching for more victims of a tourist boat that sank north of columbia. nine people are confirmed dead, nearly 30 more are still missing. vessels neither troubl

martin pirelli charged and accused of cheating investors out of more than 11 million dollars in the ponzi scheme and if convicted he could get up to 20 years in prison. >>> the fremont police have arrested a teenager in connection with a home invasion and robbery earlier this month on peregrine way. the woman pulled into her garage, two people try to take her car keys. her 74-year-old husband was beaten by one of the suspects. a day later the victims said the same suspects came back but they managed to scare them off. the neighbors called the police saying they had spotted the suspects in the area again, and three people were taken into custody, a 15-year-old boy, a 14-year-old girl and a 10-year- old girl. the girls were released in the boy he was booked into juvenile all on charges of robbery, elder abuse and possession of a stolen vehicle. >>> the tip from the alert firefighter led to the recovery in $5000 in stolen high-end outdoor clothing and products. the fire fired her spotted -- firefighters spotted several people over the weekend with brand-new camping gear that did not appear t

prosecutors say shkreli lied and created phony documents to run a ponzi scheme and to loot a drug companyoot-out erupted three weeks ago outside baltimore. prosecutors ruled the officers' actions were justified after the man opened fire on a bus. >>> britain's "telegraph" reports the filing of a manslaughter charge against a former police officer in the hillsborough stadium disaster. 96 people suffocated or were tram. ed to death at an overcrowded soccer game in 1989. fives are facing negligence or cover-up-charges. >>> the pittsburgh "post-gazette" recounts how a little league umpire saved a woman from suicide. john tumpane pulled a wambach and helped her until they got her hospitalized. >>> the cubs went back to the white house and the president gently ribbed the players. the informal meeting was set up by the team's owners. the ricketts family donated millions to trump's campaign. it's their second trip. president obama hosted them just before they left office. >>> still to come, the crippling cyber attacks. how businesses are still feeling the effects of a worldwide attack. ok honey y

prosecutors accused him of running his company like a ponzi scheme.has pled not guilty but it maybe his own words from an interview without his lawyers that ulcers the state case against him. joining now is the bloomberg executive editor, neil kelly. actions he for the took as a biotech executive, raising the price of one of the drugs his company produced by a lot, fleecing customers. that's not what he said in trial, but his comments could come back to haunt him. >> what he is accused of doing, when his hedge fund started having trouble, taking money from one of the companies to make his investors whole and that would be securities fraud if that's what happened. what happened was he went in at one point to talk without his lawyer, which is really and he went in to talk about what he was thinking was an unfair case being built against him. didn't decide he to say that what we discuss at this point is inadmissible, they can now use whatever he said there in the case against him? senator graham: you can't really do that -- winnie: you can't really do th

esque accused for what prosecutors call a ponzi scheme.e rose to prominence after increasing the price of a drug over 55 times what it cost. >>> hundreds of passengers rattled after spending two hours on a packed jet that shook violently due to a malfunction. adding to the already frayed nerves, the pilot told them to pray. steve patterson has details. >> reporter: trapped in the sky with this. violent shaking that started with a bang. one passenger said it felt like he was in a washing machine. it happened about an hour into air asia flight d-7237359 emergencies from australia, bound for malaysia. the shuttering so bad, the plane forced to turn around. >> just tell it was bad by the cabin crew reaction. >> reporter: a safe landing in perth with no one hurt. they say it was due to a technical issue. >> they experienced an engine failure, not a threat to the airplane. it is uncomfortable and unnerving to some passengers. as far as it is something the pilot is trained for. >> reporter: steve patterson, nbc news. >>> just ahead, takata files

shkreli is accused of running an $11 billion ponzi scheme. yesterday on day one of testimony in his trial in new invested $300,000 with him in 2012. it then took a year for her to recover that money. she eventually did get a profit, though, almost $3 million. >>> now to a rescue playing out right now inside a mexican canyon where a san diego father and his two daughters have been stranded since last saturday. it took rescue crews a full day to reach the family in baja california after spotting them from a helicopter tuesday. they had already run out of food, water and insulin for the father. now, this morning they're still making their way out where a medical team is waiting for them at a base camp. >>> a new report shows american women are having fewer babies and having them increasingly later in life. the cdc says the national fertility rate has hit a record low. the overall u.s. birth rate remains below replacement. that's what's considered enough to keep the population stable. and to ensure enough young people are entering the workforce t

tonight more settlements are rolling in court cases tied to the infamous ponzi scheme perpetrated by bernie madoff paying off for some we now see the total recovered funds hitting above ten billion dollars chinese retail giant ali baba plants a flag in new territory it's knapped up over an eighty percent stake in it which is growing internet retailer focused on southeast asia and my guest says federal reserve chair janet yellen is way off the mark in a speech delivered in london she said another financial crash like the one in two thousand and eight won't happen in her lifetime or beyond stand by boom bust starts right now. deutsche bank went out on an inflation limb which put it on track to lose up to sixty million dollars the issue at stake is whether traders went around the risk limits on derivatives trades which were tied to u.s. inflation this of course calls into question the quality of the which is risk controls which have already drawn scorn worldwide let's go back to short months to what the federal reserve find to your bank for not keeping its traders in line with the volck

the government says bernie madoff's late sons benefited from his massive ponzi schemes, and today theires agreed to turn over $23 million. mark madoff committed suicide in 2010, his brother andrew died of cancer in 2014. neither was charged in the fraud for which their father is serving 150 years. a trustee has recovered about two-thirds of the $17.5 billion madoff'sus well, look who showed up at the airport in boston yesterday ready to board a flight. a 20-pound live lobster. it was spotted inside checked luggage. the t.s.a. says there's nothing wrong with bringing a live lobster on a plane in a proper container. they just thought you'd like to see this one. up next, 20 years of wizardry. the ford summer sales event is on. it's gonna work, i promise you, we can figure this out. babe... little help. -hold on, mom. no, wifi. wifi. it's not a question, it's a thing. take on summer right with ford, america's best-selling brand. now with summer's hottest offer. get zero percent for seventy-two months plus an additional thousand on t