the f.c.c. achieved its goals? >> there were two parts of that. huge changes in terms of carrier composition the way in which we pay one another and there needed to be a great deal of clarification tharned issue. and then the second part of that and we've made a lot of progress. we've made a lot of progress. in terms of funding we got it right. in terms of the focus to change away from voice, consumers place much less in voice and more in the broad band so i think the f.c.c. and cable companies we have that right. we need to get more brond band into rural america. so i think we've got it right for the most part. the challenge has been as we look through those, those have pretty significant financial consequences to some of the companies involved and the idea that was these would be coins dent. that the reform would take place at the same time as vune versele funding and i think we're blind on the universal service funding side. we've got it right on brond band n. large part trying to make money a

and when they settle with the f.c.c. right unless there's a criminal case they're not emitting any wrongdoing so how culpable is the see in the d.o.j. in this and why this is the most inquest. important question why is fannie mae not in trouble for the same thing i mean they allowed it to happen they realized that the f.c.c. did actually sue individually daniel mudd he was support for c.e.o. of fannie mae and that that lawsuit is going forward in court the f.c.c. beat the motion to dismiss to dismiss i mean there's a little bit of hope there but there should be much larger penalties for all of those g.s.c. executives who allowed this to happen because who's paying for it max the american taxpayer pair so what so now we're paying the f.c.c. to like not do their job basically well yes the city famously is caught surfing the internet for porn all day so we're subsidizing a bunch of bureaucrats to whack off to porn while the banking system implodes due to massive fraud now imagine suntrust by a bank i immediately thought of m

if if they put this money if the f.c.c. there's some sarbanes oxley you know act actually set up something called the fair fund so the the f.c.c. has a mechanism to take this money that they get from j.p. morgan ok and put it into the fair fund which would direct it back to the mortgage backed security trust and then it can be doled out to investors now if they just put it into the general fund i mean that's just like i don't like all the model lines who did all the discovery work and found all the with this fraud that's like they're just taking money from them it's ridiculous and if they put it back into the trust since j.p. morgan is not going to be admitting fraud right that would at least be. some sort of a signal to the market and hopefully to some of the federal judge's ruling on this case that yeah j.p. morgan did something wrong and you know it's even sad saturday i guess the wall street journal has some editorial opinion piece that j.p. morgan and the victim here because they were forced to buy bear stearns i don't

from the f.c.c. the action was because they said the new york stock exchange was sending data to the proprietary feed faster than the consolidated feed you say though according to your data that this is going on more prevalently than just with the new york stock exchange so can you tell us what to what extent and what evidence you have about sure it happens with all the exchanges and the as it happens with all the exchanges deceiving. knows about this because the two thousand turn we told them and they came back to us well we can see it is going to be a little slower because it has been you know a bunch of gobbledygook that it was in fact based so they were aware of this and even some of the literature from the exchanges if you want to go to a trade show you would hear the direct feeds will give you a speed advantage. so it's actually marketed that way as giving a speed advantage credit ok so then why have we only seen a fight against the new york stock exchange if that's the case i don't know ok is t

and reach out to family and friends but at what cost the f.c.c. is taking a hard look at how much prisoners are being charged to use telephones are they being ripped off because they're locked up the party looks into the issue in just a moment. it's tuesday november twentieth four pm here in washington d.c. i'm liz wall and you're watching our t.v. . well begin this hour with the deadly crisis in the middle east talks of a cease fire today after one of the bloodiest days of the conflict in gaza over one hundred people are reported dead there three people in israel have been killed as rare israel defense forces continued airstrikes overnight while dozens of rockets were reportedly fired from gaza into israel today u.n. secretary ban ki moon called for a cease fire in gaza saying a ground operation there must be avoided. while russians may be aimed at military targets inside gaza. and enjoys civilians and then each civilian infrastructure is. corrosive c.v.a. lives is only acceptable under any circumstances the excessive use of force is only open and

f.c.c. commissioners that would allow for cross ownership of t.v. newspapers in the nation's twenty biggest media markets similar effort was made in two thousand and seven by george w. bush's f.c.c. but it was shot down after the senate vote voted to repeal it and a federal court blocked it not to mention ninety nine percent of the public comments the f.c.c. received opposed that media consolidation effort but undeterred murdoch and other media moguls kept lobbying and now president obama's f.c.c. is expected to consider these rule changes again in december and of americans don't get involved in this issue and pressure the f.c.c. to say no that murdoch and his billionaire buddies will likely get what they want which is complete domination of our news media in fact has been big dickie and points out in his book the new media monopoly united states is already dangerously close to falling victim to being a complete media monopoly today only five corporations five one of which is rupert murdoch's news corp own the majority of all the media seen read or listened to by ame

the latest forbes issue the most recent forbes issue of the magazine i wrote about the fact that the f.c.c. dismantled their accounting fraud task force after the reforms that they took on when the maid of scandal hit they were criticised significantly for missing the made up scandal and they had to beef up their reviews of investment advisors and other kinds of ponzi schemes and the insider trading what they've done is they've reorganized along those lines and accounting fraud is just sort of spread around amongst the people that have that expertise but not with a focal point and certainly not with reporting or accountability in terms of whether or not they're actually bringing the cases so the cases they've been bringing are fairly small they're instead racking up the numbers in ponzi schemes insider trading foreign corrupt practices act they've built a template and they can just replicate those charges over and over and over again because of that they're not bringing the harder sort of sticky accounting fraud cases they'll take a little bit more work those are politically unpopular beca

i want to recognize the hard work of the f.c.c. staff that conducted this investigation including brian thomas and mat ralph. they are the kind of public servants that americans can be proud of. i want to thank the members of the deep water horizon task force. and i want to thank the leadership of the department of justice, the attorney general, associate attorney general for their leadership in this investigation. thank you. >> we'll be glad to respond to any questions you might have. >> the distinction is applicable on one side and you have $1100 per barrel penalty. that gets up to $45e00 per barrel and the standard of law is the difference between violating a duty of care and wanton and reckless conduct. >> what does this settlement mean for the families of those who died and for all of those who have been impacted by this oil spill? >> those lives are irreplaceable and there is nothing we can do to bring those loved ones back. on the other hand this is an indication and perhaps a vindication that we have shown and the company ha

rather than large chunks and then you know then on top of that you have the disclosure rules which the f.c.c. . passed and the republicans in the house tried to kill but then they they wised up and said well this doesn't help transparency this might backfire but those aren't going to go into effect until after the election so who cares you know so these packs of really ginned up a lot of this negative feeling the the you know his not the ironic thing is that it has not freed up the candidates to produce positive ads and they're still creating their own negative ads so it's almost you're almost it's almost you know multiplying three at a time don't mean to cut you off if we don't have it we have to try to stay positive yes. that was that christopher chambers journalism professor at georgetown university and that is going to do it for now but for more on the stories we covered you can head on over to our you tube channel that's youtube dot com slash r t america you can also check out our website that's our t.v. dot com slash usa you can also follow me on twitter outlets all have a connect. gov

exchange commission is expanding and enforcing the probe intensifying scrutiny of the exchanges the f.c.c. is looking more closely reportedly at how they develop new products communicate with investors and provide incentives to trade this is all according to the wall street journal and heart stems from a probe order types a number of which benefit high frequency traders sounder air can say there is here to help us read through this and speaking of high frequency trading australia is clamping down australian media outlets report federal officials announced changes to market rules including mandatory kill switches for algorithmic trading to avoid you know us style flash crash down under our other countries ahead of the new whilst small disgusts and navigating the post-election economy i moderated a panel on the issue take a look behind me malden economics featuring john malden bluebirds richard yeah marone pimco c.e.o. mohamed el larry and barry ritholtz and more we'll play some highlights from the sidelines let's get to the day's capital account. take a look at this according to the wall s

sam and you mentioned money market funds in there and actually we've seen some failed attempts by the f.c.c. to impose new regulations on money market funds post-crisis they have not been successful but coming up the soon the ball is going to be tossed to another agency this is this is a group that was set up by dodd frank and it's called salk and january eighteenth two thousand and thirteen is when public comment ends on new proposals that they have for money market funds why are they proposing what could happen and what do you think the impact would be. well yes it's unfortunate for ms shapiro who just departed the c.c. that she wasn't able to get the reform she wanted maybe it's better for the money market fund investors and maybe not so the ball is essentially been kicked into the court of the financial stability oversight council that you mentioned and they are now in charge of implementing their own reforms if the f.c.c. does nothing over the next few months so the most likely scenario is that we're going to get some kind of floating net asset value for money and money market funds wi

ad files on the government agencies website sascha says this hasn't increased transparency what the f.c.c. shows are the broadcast networks are not cable networks and they only show the fifty largest markets in the united states so there's a huge chunk of t.v. ads that are not covered our democracy take the tiny little fact that there are more than two presidential candidates running for the presidency there are dozens of other candidates that no one will ever know or hear about because you won't read it in the papers because they can't afford advertisements and they certainly can't afford the millions that it cost to get a commercial on on broadcast television and i introduced myself candidates like libertarian governor gary johnson the networks arguably might be promoting candidates that would generate most of the most donations into their campaigns to be able to pay for this very expensive advertising leading to money being the decisive factor when it comes to americans choosing their leader network so space to special interest groups and big donors for the american people to see essen

the f.c.c. the epicenter of the matter they're all corrupt they take huge profits and let this trash get into the marketplace take a our off loans their risk the public they are exposed to austerity and then what pennies they have left they get ranked by can't pay our henry kravis you are a true patriot so investors such as public pension funds and wealthy families have cut severely their investments in private equity they were primarily the big investor in these private equity firms they're cutting back so now kerry needs some new. you're always looking for the next chunk to sell your your investment too so this is how scott not sold the fruits global head of capital an asset management says individual investors and their advisors should consider moving more money toward the spicey credit such as high yield debt in distressed companies which can carer's to new funds invest more than that numbskull advisor to the bozo the clown contingency of cars another guy who's taken a big commission up front

terms of the detail as to how that act actually locks how it doesn't affect anything and then how the f.c.c. is complicit how the d.o.j. the department of justice in the united states is less that's how the federal reserve has been complicit in providing zero interest rate policy which is negative for everybody except wall street and go into greater detail with all those aspects you know there's a great extension of the fraud into the virtual markets and gaming markets because we see that in trade which is the irish stock market virtual stock market where you can buy and sell both obama and romney has now been involved in a manipulation scandal from the operatives in the romney campaign who have manipulated the price of his contract to hire because they know that in america the media would then report on a higher price as somehow indicative of momentum which then is played in amongst the general. population of voters who are getting screwed up by these wall street monstrosities romney and obama and being said by another derivative of wall street a prediction market out in trade all helped a

i want to recognize the hard work of the f.c.c. staff that conducted this investigation including brian thomas and mat ralph. they are the kind of public servants that americans can be proud of. i want to thank the members of the deep water horizon task force. and i want to thank the leadership of the department of justice, the attorney general, associate attorney general for their leadership in this investigation. thank you. >> we'll be glad to respond to any questions you might have. \[inaudible] >> let me answer that and i'll turn it to the associate attorney general who has been responsible there. we have been in negotiations with b.p. we have not reached a number that i considered satisfactory in order to resolve those civil claims that we have. we have a trial set for february. we are planning to vigorously enforce our complaint at the. there is the possibility i suppose that further negotiations could result in a resolution. >> the only thing i would add is just that the attorney general has said repeatedly b.p. is exposed to

before heading over to goldman sachs' meredith out well baker did likewise spending time working for the f.c.c. and then swiftly making her way over to comcast after proving a big merger there and tim paul and do you know him the former presidential candidate made his mark in minnesota and now works for the financial services roundtable and leonard cannon is another interesting case he worked for morrison and foerster and went on to the federal reserve board and the consumer financial protection bureau before heading back to morrison and foerster and finally steve buyer a former congressman before joining the private sector most recently and most recently as a lobbyist for tobacco giant r.j. reynolds who gave him tons of money while in office so who's the latest to make the cut a man by the name of heath shuler he's a north carolina congressman who used to play for the washington redskins last february he announced he would be retiring from the hill. that you're already going to. be. retiring this year. you cannot be discussing with the majority group or any of these firms occasionally. playin

watch us on you tube or hulu and come back tomorrow because on tuesday july bart chilton and this the f.c.c. you want to mess it up right now. culture is that so much money going which of course is right on its own so here's a little more on the moment when a decisive victory returning into the white house for another four years what accounts for this victory was it a well run campaign in changing that. mission free cretaceous free in-store charges free. range mentioned free risk free. to tide free. download free vote against cloning video for your media projects a free medio dog r t v dot com. download the official application to cell phone choose your language stream quality and enjoy your favorites from alzheimer's t.v. is now required to watch all its own.

i want to recognize the hard work of the f.c.c. staff that conducted this investigation including brian thomas and mat ralph. they are the kind of public serve vants that americans can be proud of. i want to thank the members of the deep water horizon task force. and i want to thank the leadership of the department of justice, the attorney general, associate attorney general for their leadership in this investigation. thank you. >> we'll be glad to respond to any questions you might have. [inaudible] >> let me answer that and i'll turn it to the associate attorney general who has been responsible there. we have been in negotiations with b.p. we have not reached a number that i considered satisfactory in order to resolve those civil claims that we have. we have a trial set for february. we are planning to vigorously enforce our complaint at the. there is the possibility i suppose that further negotiations could result in a resolution. >> the only thing i would add is just that the attorney general has said repeatedly b.p. is exposed