what it isn't then are therefore true that a corporation like a goldman sachs or j.p. morgan that's committing crimes commensurate with other crimes that the state is giving capital punishment for that these corporations and someone who represent these corporations should be should be given capital punishment for their crimes against capital if they're individuals should they also get capital punishment for similar crimes all you could really say about this is that there's been so much tension building up as a result of the failure to act in any way to discipline these banks and corporations there's just so much tension building up there sooner or later when it is released it's liable to be very shocking and surprising and you know where we're heading into a situation that i think is going to resemble the french revolution only you know instead of being directed against aristocratic or gorky it will be directed against the corporate or oligarchies. or you know it could be very ugly but let me move the cut in the first i mean take somebody like john chorusing right he's

morgan chase bank of america goldman sachs and actually h.s.b.c. those five also are a large stake in that seven hundred and seven trillion by being two hundred forty nine trillion of it and they know they've seen as have global big banks across the world scene that governments will step in central into t's like the fed the e.c.b. is going to step in more the i.m.f. and so forth will find the money to print to lend to subsidize the risks that are behind all of this derivatives exposure so the u.s. banks started it they know it exists that mentality as well as the risk is just now being exported to europe and in a larger number a larger volume and it was even here in the united states and it sounds like you're saying that essentially banks are taking this risk because it perpetuates too big to fail now there's so much more i want to get into with you know me but i have to quickly explain to our viewers what exactly over the counter means if you could hold tight for just a minute and we will have more with prince and in just a moment. all right time

paulson put a gun the congress and senate got almost a trillion dollars from congress to give goldman sachs's buddies now they did the same thing in the euro tarp so this is moral hazard times moral hazard it's moral hazard to the nth degree and the worse you are paying back your loans the cheaper the interest rate gets and the more money you get how do i get that deal in other words let me twice only say however if i were to throw up into a bucket of vomit if i'm part of the top one percent i can take that to the fed and get a billion dollar loan as that as collateral but if i'm in the bottom ninety nine percent all i've got is a bucket to spew. well let's look at the bottom ninety nine percent in this next headline a banner day for the one percent as bank stocks soar this is a commentary from david callaway on dow jones market watch and he says in one of the more bizarre twists of fate that only markets can bestow the occupy movements burst to fame around the world this month has been accompanied by the biggest october for the dow jones industrial average in its one hundred fifteen year his

goldman sachs a guy me and louis who. now goldman sachs i mean a lot. of goldman sachs. is my eyes were right there all time this is going to continue as long as he's here to slap armrests. all these people you know it was quiet i don't remember what it was because so many times huge. drawers. looking just really group attorney. oh well he did not want to die. but he didn't do. you know and here's the securities. and drug study group maybe something like you know seven hundred billion dollars off and the fine was a couple hundred million i don't remember exactly so literally these corporations to do illegal things with the fines don't even call for. what they made him do with fraudulent activity it would be cool sure heard of greed and arrogance this is no matter what you do we're going to go live now we're going to hear this i'm on the wrist and we're going to cashier first off you may and freddie macas already cost us consumer. almost two hundred billion dollars it's pretty. cool we're throwing other. dollars. all right so you're making the point that for every billion

goldman sachs i mean a lot you have goldman sachs so it is pretty amazing for right america all time this is going to continue as long as p.s.e.c. here's a slap on the rest all these you know study group was quiet i don't remember what it was the cox only farmers huge. jars of little history group attorney. oh well. what's your theory and did i know it but he didn't. you know and if you see here is he. going to write maybe something like you know seven hundred million dollars off and the fine was. really i don't remember exactly so literally. to do illegal things these were the fines don't even come over. what they make in doing a fraud on actually it we've got the culture of greed and arrogance this is no matter what you do when you're feeling now we're going to hear you on the wrist and we're we're going to stick a very last may and freddie macas or me cost us thousands. almost two hundred billion dollars. does it shock that we bail you out. throwing. dollars. all right so you might get the point that for every billion dollars money stolen by bank of america citigroup or other bank

goldman sachs a guy me and louis who is. now goldman sachs i mean a lot. goldman sachs it is pretty amazing america all the time. and it's going to continue as long as the u.s. you see here for the rest of all these people you know she was going through what it was really you know the cost so many farmers huge. journalists you know looking to see the group maternity turn oh well if you're not you want to die. he didn't do it i'm not sure you know and if you see here is my hand went right study group maybe something like your seven hundred billion dollars off and the fine was a couple hundred million members actually literally. corporations to do illegal things the fines don't even call for. what they may enjoy we don't try to see it we've got the culture of greed and arrogance this is no matter what you do we're going to bail them out we're going to do this. and we're we're going to stick a fair result in freddie macas already cost us consume. post two hundred girly books are there any. daily. throwing. dollars. all right so you might get the point that fo

goldman sachs i mean very well you goldman sachs is pretty amazing america all the time this is going to continue as long as he has he's here for. all these things was quite what it was because so many times huge. jurors. group attorney. oh well he wants you to die. but he didn't do. you know and if you see here six. months or so you're maybe something like your five hundred dollars off and the fine was a couple hundred million members actually literally. corporations to do illegal things with the fines don't even call her. what they may in doing the crime it would be cool sure her. crazy day care case this this no matter what you do we're going to bail them out we're going to do this to rest and we're we're going to stick a spear first of all i mean freddie macin barly cost us consumer. it's almost too much billy. already. throwing. dollars. all right so you're right in the point that for every billion dollars money stolen by bank of america citigroup other banks they get fined maybe a hundred fifty are two hundred million dollars so obviously it behooves them this employee continue

dumped onto the population what about the teamsters goldman sachs lost money in their pension fund and only by threatening physical violence were they able to get that money back yeah but again on that one small thing yes there they were perhaps one but jibe oh rocks on here's a video another remakes sent to us you might like it. so . you think. you. know you. like yeah those remarks are nice i like oh i'm a coming well so let's look at the side of the savers now let's see if the few headlines coming from the savers judge challenges two hundred eighty five million dollars citigroup settlement this is judge jed rake off and manhattan and his challenge to lawyers to explain why he should approve a settlement of serious securities fraud allegations when citi group incorporated neither admits nor did nice wrongdoing so remember last week we covered the story where citi group settled a one billion dollar fraud fraud. again fraud they settled this fraud for two hundred eighty five million of which ninety five million is the fine with s.c.c. member we have the conversation we're saying that h

goldman sachs a guy me. who you know. the easy. bowl the sacks i mean a lot you know goldman sachs is pretty amazing for right america they're all trying this and it's going to continue as long as the yes he's here for the rest of all these you know study group was quite. well i mean the costs only are yours hugh. the jurors are looking for citigroup attorney. oh well he wants to die. he didn't do. you know and if you see pierce he's. truculent right citi group maybe something like your founder julian hours off and the fine was one hundred million members happily so literally. to do illegal things the fines don't even come over. what they may have been doing defraud me it would be cool sure. crazy to parents this this no matter what you were feeling now we're going to hear this. and we're we're just here we are soft. and freddie macin already cost us please. close to one goalie it's pretty. cool we're throwing. darts. but. all right so you're right in the point that for every billion dollars of money stolen by bank of america citi

may be facing i'll get to get the details of that in just a moment but first what role did goldman sachs and american bank play in triggering this whole greek does. ask your scenario for an answer to that question independent investigative journalist greg powers joins me now from central africa is the author of the book vultures picnic in pursuit of petroleum pigs power pirates and finance carnivores greg welcome back. glad to be with you from. the heart of darkness from africa to washington. it's very important i'm glad you brought this up greece exploded but people should know that it was cool. that lit the fuse so how do you go because of. ok to join the euro currency greece's right wing government secretly hired goldman sachs to come up with a scheme to hire it's massive to hide its massive deficit you can't be in the euro if your deficit is more than three percent of g.d.p. the right think government has screwed things up badly so the higher goalkeeping in your opinion dollars jim oh it's just completely secret to come up with a way through seizing financial derivatives to completel

to greece which which ran the government the deficit and the puns this goldman sachs a scheme and they walked away you know with their half billion dollars you know unscathed as they seem to do in every situation including the one where they almost have found this country greg greg palast thanks for your great investigative work we'll talk again soon very welcome tom thank thank you greg for more on what's ahead for greece i'm joined from our new york studio by professor custis on iraq to professor please correct my pronunciation if it's wrong associate professor of sociology the new york city college of technology and sony and author of the forthcoming book remaking scarcity from capitalist inefficiency to economic democracy professor welcome. thank you for. being able to be with you thank you could you tell me how to say your name please. titus if this does indeed come down to a vote choice to the greek people have. well it's. what the greek government is trying to do right now is it's trying to cling to power because these asperity programs that have accompanied the rescue packages

hommtown this morning's withh the details on sachs-kohee is live --rabbi elissa --rabbi elissa sachs-kohenlive with the details on this morning's homeeown hotspot --free to breathe yogathon at the baltimore hebrew congregation sunday--event for the entire family to inspire hope and create change for everyoneeimpactee by lung cancer--this eeent happens around the country --lung cancer s the leading cause of pancer deaah of mee and women in maryland--beneffts the national lung canner partnership's research, education, and awwreness progras programs 3 the free to the free to breethe yogathon is at the baltimore hebrew congregation on sunday. registtation begins at 1pm.for fox baltimore dot com slash - morning.while you're there, get your latest headlines, weaaher, and traffic updates on fox baltiiore dot com...and its all free. a storm chaser's close-up encounter... with a twister... goes awry. aary.((ppuse for natss)watch this guy's wild ride caught on camera next. next. you're watching fox 45 good day baltimore. ((break 2)) ((pause for nats)) a storm chaser caatures this amazing video of a

a mini goldman sachs. rather than brokering for clients to use their money, they took big debts on eurozone debt and this backfired to create the seventh largest bankruptcy by assets. they posted their largest ever quarterly loss last week, and the junk status rating, which the credit ratings gave it last week, caused the banks to get worried a real mess for mf global. >> big question is where did all that money go? a big surprise out of greece, also, where the prime minister is taking that last-minute bailout deal to the greek voters. could we be looking at another crisis here? >> it's very interesting. i've been speaking to my contacts in greece, having spent a lot of time in athens over the last couple of years, they say don't be bemused by the international press saying this is a surprise. the prime minister has been under pressure to get these issues out there and a referendum could be a good clearing of the air for greece, but it does mean more event risk and more uncertainty and we won't get the ref

other donors, goldman sachs,

a futures trading firm that went bankrupt it was run by john coristine the former head of goldman sachs the former governor of new jersey a former senator the firm went bankrupt and they're still missing five hundred ninety three million dollars of customer accounts which they commingled with their own and now the liquidator is saying that unless the miss thing cash is found people hoping to recover one hundred cents on the dollar may have to give up some of it to other customers said stephen hardback the liquidator but this is a beautiful because remember people are saying you know the system is broken because they are privatizing capitalism while spring the risk is socialistically you know the people have to bear the risk and the insiders the top one percent take all the gains and that was a bit of a concept but now we have a direct evidence of global what they're saying is the insiders including john corps ened former goldman sachs guy stole billions and so the customers are going to have to pay for the other customers that have had their money stolen so he didn't steal from every si

satchs and this -- goldman sachs.t happened. >> but there is still not attention from this company. >> one thing about koch pie wall street. i don't know if there is too much attention to m.f. global. maybe not. there will be very little difference. >> this is in the context of italy and euro zone. the company in greece and how it goes forward. they put a bet on the country, steve. bet wrong. >> yeah. bet wrong. in a significant way. one of the reasons that he was not able, he didn't do this at goldman sachs he wasn't making the decisions alone. >> look, i it don't make too much about joe biden of all people saying nice things about politician. or former politician. at a campaign stop. that to me is less than the big issue here. the bigger issue here, as the doug mckelway piece demonstrated earlier is there was $600 million missing. unaccounted for, for five days. it didn't tell the federal investigators about it for five days. gary gensler so close to corzine he had to recuse himself from the investigation said basic

jeffrey sachs. we also have msnbc political analyst former democratic congressman harold ford jr. >> boy, mika, we have so much to talk about today. we've been talking about the elections last night. >> ohio. >> a big setback for republicans. >> absolutely. >> virginia, positive for republicans. you talk about berlusconi all the way across the seas. jeffrey sachs giving us a big thumbs up. >> wasn't it a long time ago? >> about 17 years. >> oh, come on now. >> also, the elections in -- the republicans came forward with an offer to increase taxes yesterday, increase revenue to the federal government. that is a first step. that hasn't happened in about 17 years. >> that's a new one. >> that is a new one. and chuck schumer was on our show yesterday and said something that got them fighting on capitol hill. >> yep. >> he said this supercommittee was doomed to fail. >> i still hope it's not. can we say that? >>> one year ahead of the 2012 presidential elections, there was another important election night

parachute as a thank you for destroying that particular for a miss is corazon former head of goldman sachs one of the twelve apostles of the new apocalypse i'm sure he's gone to a better place in the banking heaven skies i believe the pope is going to be to fire him it will be state of course very soon beautiful beautiful eye he's going to the beauty parlor to be to be beautified by the pope the thing about the vatican they've got it they need to rebrand themselves because all the old terminology nobody can get it to get behind anymore. so you're going to have his old new do he's going to have a no you know make up make over he's going to beautified going to the same same course seem. well. i like how the guy commits a crime again another sacrosanct element of the futures market is of course that you don't comingle funds he broke that and for that he says he will not seek his twelve million dollar severance that is sacrosanct in the contract he's not going to see he's going to it's this charity he's going to give back to the community still tribute to the occupy wall street movement where