for wall street taking on the men from wall street to the white house proud to be taken on the president saying. you know why you're doing this to. send six times the little guy like here feel overwhelmed by outside forces you can't control. making the philosophy of a lot more appealing these days i think sometimes the bar and sometimes the bar you . think it does is. what ninety percent of americans right now know ever told our human ploy. and when those with the power seem more focused on saving themselves and noble thing all those. a funny thing just a metaphor for those who stick together. we can learn a thing or two for the. oil to dealing with life when it seems like the world is coming down on you oh get out. of what. and get to get. out of. problems like majlis or wall street speculators. are taking on the lanes in style. los angeles. argy. and that is going to do it for now but for more on the stories we covered there are two dot com slash u.s.a. or check out our you tube page you tube dot com slash are key america.

twitter and other social networking websites are bringing people out as three years into a recession wall street has still not been held accountable for triggering the common americans worst nightmare and the street with. the american people you know when it's. become the spirit. it's just the book and. the main reason i'm here is because of the corporate media blackout anything in your past you know you're only good because the most part of the two sides one in six americans are living below the poverty line unemployment is at a you know this is the eyes have been in a generation and you know. people are just can't find jobs so we have to send a message we have some images paying attention that we want things to change when the system changes. but the system is far from ready to change it is yet to start taking people's outrage seriously. while demonstrators marched the streets of the financial district bankers shamelessly toasted like the champagne right in their faces the u.s. political and corporate elites invoices uprisings when they're far from american soil when similar events take place

how wall street and on the social media have been abuzz with this planned occupation of wall street for months i. think up to twenty thousand people were supposed to spill out onto the streets of the big apple's financial district. but not more than a thousand of the most fed up americans showed up i got my sleeping bag and told not to bring it. then flew in from out of state to camp out here day and night he has a simple message for the u.s. president he's just backed out of everything you can promised in the campaign so it's like he's asked me to loosen it like when. i was three greed and corruption and the lack of accountability that followed brought these americans to the brink this is just the beginning of occupying wall street crowd say they're going to be here until their demands are heard inside the offices of the wall street skyscrapers over forty six million people are living in poverty in the u.s. with fourteen million unemployed much of this triggered by the she missed gambling of wall street c.e.o.'s this very spot wall street is the site of a heinous crime has been perpetr

weiss a wall street. takes large much larger sums of money to involve the mafia stales the regulatory system is such that they can get away with it the lack of media scrutiny the absence of regulation the widespread illusion that markets and real estate could only go up created a casino mentality and environment for successful fraudsters and white collar criminals your honor for many years until my arrest on december eleven two thousand and eight i operated a ponzi scheme i knew what i was doing was wrong and deed criminal. white collar crime on wall street has been under-reported except for a very few high profile cases as when hundreds of reporters staked out a new york courthouse to report bernie made all submission of guilt in his ponzi scheme millions and millions of dollars there is a sort of day many of them readily angry i had an ira worth one point three million and my other money it's was about one point eight million pieces and it's gone on that how do you think he got away with this for so lon

wall street doesn't do mortgage lending what wall street did was package sell repackage and resell mortgages making what was a small housing bubble a gigantic housing bubble and making what became an american financial problem very much a global financial problem will come to wall street today con amidst max wolf who works in the financial industry is our tour guide here looking at people who've gone through ten unthinkable low probability events in a four month period when every time you think you can catch a breather there's another leg down atmospheres on trading floors and in a lot of these firms are few new aerial friends are gone bonuses are gone futures are on shore. it's been very difficult. street people wanted to get into a conversation i mean the regular comes out of the bank examiner for ten years ok and i want to get the regular sort of the city called on the i don't know if this is it was good when you're around you know there was yes you see where all the guys are supposed to be watching you know what's going to. be when i was about it's never been years ago you know we have s

enforcement officers violently of rest and a first rate protesters speaking out against corruption on wall street so as the second week of these protests continue why is the mainstream media only now paying attention and still very little. display coverage of saudi women getting the right to vote headlines about rigged to reason the sports world why is there so much silence on the occupy wall street movement shaping up in america's own backyard. and is this the beginning of the end that's the question on everyone's mind as the government prepares for yet another shutdown showdown so with a decaying middle class massive unemployment and a congress stuffed in gridlock are the signs all headed toward imminent collapse. areas monday september twenty sixth four pm in washington d.c. and christine freeze out right in our team well it is what some are calling the beginning of a revolution hundreds maybe thousands of people frustrated at their government and the fact that it is the wealthiest who are constantly protected and giving hand handouts all the number of people who suffer continues to grow final

who had brought down wall street. hedge funds. back in two thousand and seven with the blues still in full swing my business partner e. o'connor attended this party just off wall street for traders under the age of thirty. it reeked of affluence. shiny cars beautiful people. were like only clubs where these sums can be invested in complicated vehicles in secret outside the prying eyes of wall street regulators soon all of the traditional investment firms have been is no wonder so many of these young people wanted in and at the time. and i personally spent five years in private equity and then made the decision instead of going back to business school to move over to the public side so that was a conscious decision on my part i think most people probably get involved because there is an opportunity to move up the ranks and make more money at an earlier age in hedge funds and there isn't private equity which is the natural progression after a couple years in an investment banking program well if you're going to be in the investment

so let's see wall street nurses. are you concerned about the market's been swinging up and down a lot. maybe there's going to be smart attacks on wall street or something you know what's the connection here which is certainly i know everybody kind of looks at this and thinks what is the connection i think the connection is because of who we are what we do for a living we take care of patients we take care of patients families we take care of our own families we take care of our communities and when you watch what has been going on in this country and the fact that you are watching the outcome and it is people do not have health care people do not have homeless people homeless people are living in now food banks if not in shelters all of this we see this in the end the end product is people commute sicker people are dying because they're not getting the health care they need looking at they're struggling and they're not able to pay co-pays and they're not able to pay deductibles so they're not required getting the car

next the lot who sees through wall street itself financial guru marcus kaiser and this time with co-host stacey herbut talking about the wall between gold and paper money because the reporters up next ya know. stacy herbert. so let me explain something. alex shaffer before he was an unknown artist now is work is acclaimed and in demand all over the world this burn chose portrait twenty five thousand dollars on e bay there's no letup in demand for burning banks. or macs that's because he's exposing that confidence game happening around the world and that's one of our big themes of the show today first headline reads goldman head gold trader speculates about authority intervention in gold sees precious metal pushing higher so this is zack. and he's the head gold trader for goldman sachs and he's referring to when the swiss intervened in their currency market in the swiss franc of course is the classic safe haven currency so he said the expectation would be of course that gold would rocket on that but in fact in the immediate aftermath was in complete contradiction to prior recent episodes

town plays the wall street used to invest in the american economy in companies that used its money to produce goods and services but they were all street became the american economy our financial system was a reengineered through what's been called financialization with banks credit cards real estate and insurance companies as the new power players. capitalism is sort of gone off the rails it's ceased to be kapil it's financial isolation the fact that it's now all about speculation the fact it's about ponzi schemes of the facts about selling and buying paper from an economy of real goods real commodities and real services to a system where people were buying and selling money buying and selling assets buying and selling other firms were no new value was created and most sensibly says the whole system has gone predatory i think we had a transition from probably rather a free market system to something now that is out of control and probably what i would define as a predatory system frequently in markets that are manipulated for the and about maybe if you out there your investors make t

or will it be the economy and it looks like wall street and the very wealthy are. taking more and more of the national wealth in every country and the people are being left in poverty and the economy can only shrink under conditions like this if the next wave of the crisis will strike europe and this is probably the thing that russia will be in a better position than either you can choose because of this room into the or not i don't think any country in history has ever been in a good position by exporting raw materials because you don't need many people to dig a hole in the ground russia seems to have a lot of money yes the russian has a lot of money but it is all the money in the world today yes it would be a very good thing for it to use this money to to educate the population and to re industrialised i don't think russia has helped itself by the industrializing and becoming a raw materials export or americans call this being a year of wooden drawer of water that's what the bible said and so america is doing exactly the opposite of how america germany england fr

for wall street taking on the men from wall street to the white house a rowdy take on the president you know saying. dude you know why you're doing this tour in these uncertain times the little guy much like feel overwhelmed by outside forces he can't control. making the philosophy of you a lot more appealing. i think sometimes the bar and sometimes you. think you know. it's like ninety percent of americans right now know. how you employ mr know about it when those with the power seem more focused on saving themselves and although you think all those. crazy parties it's just a matter of. if you go. to learn a thing or two from the. oil to deal with life when it seems like the world is coming down on you get out. of work. and get. out of the fortune problems like knowledge or wall street speculators. instead. are taking on the lanes in style like. los angeles. not a bad way to spend the day with a bunch of dudes well we are done for this evening as going to do it but for more on the stories we covered for the r.t. dot com slash usa or check out our youtube page youtube dot com slash r.t.

afternoon we haven't seen network or cable news reporters out on the streets going live over occupy wall street and the networks clearly have no excuse as far as access is concerned or resources as our little earthquake shows but i guess that hundreds of protesters out on the streets camped out on wall street protesting inequality during a time of persistent high unemployment and record poverty for americans in this country while corporations and wall street retain their power and the country's richest one percent are taking home a growing share of the wealth well that doesn't rattle the mainstream media and neither does wide spread coverage of video that purports to show a pretty alarming use of police force. i don't i was. so those were girls reportedly according to video being pepper sprayed it didn't look like they were doing much to get that punishment now to be fair the local a.b.c. affiliate in new york showed some of it and making kelly on fox as you saw earlier use it as an excuse to debate police force and question if these girls were faking it that was her question now where is the n

from wall street now the words wall street investment houses as they began to make billions on these securitized loans and c.d.o. those derivatives were pressuring the mortgage people at the local level give us more give us more people say well you know the reason why wall street was putting the pressure or the sucking sound that you referred to or the lower the originators is because the profits that they were generated with this whole concept first opened up and people realized the money that was to be paid on the back and trading the paper they were essentially creating liquid cash. we're talking times does this fourteen trillion dollars worth of asset backed with sub prime and other types of mortgages and c.d.o. created between two thousand and three and two thousand and seven fourteen trillion were created on that. investment houses had funds and private equity funds could leverage thirty forty times banks could leverage fifteen to twenty times on average they could only leverage thirteen times on certain security more than the value of the whole country of the whole gross domes

contracts sent in the trainers on wall street now this and write contracts knowing that they'll never have to make good on them because the counterpart is bankrupt so that's part. the fraud that we see as far as naked short selling goes i know i can tell you personally having looked at the situation myself and knowing having invented a lot of technologies that run these systems that there was massive naked short selling it's not a conspiracy theory it's an absolute stone cold fact and it's counterfeiting on a wide scale and it is pervasive on wall street and throughout the u.s. economy but let's move on best on c.e.o. jimmy cayne who is seen golfing while bear stearns collapsed was it just because what was that all about izzy i jimmy cayne is very famous on wall street for some of his peculiar habits but what was the story there well you know jimmy cayne was a long time c.e.o. of bear stearns you know and since the company had gone public in the early ninety's you know he had become really a legend on wall street he held over a billion dollars worth of the firm stock and by far he was

firm that represents wall street bankers and it says things like when treasury secretary henry paulson needed someone to save bear stearns from collapse in march two thousand and eight he turned to diamond we've got done and we've got diamond by the short and curlies he needs the entire regulatory and infrastructure to change to allow his bank to go even deeper into debt to support his naked silver shorts we've got a prize goes higher jamie diamond is panicking that stock is like enron right before it collapsed mark my words hedge funds out there sure make a bundle well so continuing on this piece about how they're fluff piece on jamie diamond diamond emerged from the financial crisis a born again hero his bank took twenty five billion dollars in aid from the u.s. treasury out of patriotic duty not because it needed the money. a political loser to the flag of the bailout nation of america please send me a billion and i'll salute your every morning thank you and that was today and then it goes on they then compare him to j.p. morgan's company's namesake john pierpoint morgan diamond was

speaks to wall street analyst professor michael hudson about america's growing worries. for the full story we've got it for. the biggest issues get a human voice face to face with the news makers. paolo again the welcome to spotlight on r.t. on modern love and today we're going to talk about money about other people's money and what's more important about our money. politicians and economists from around the world have gathered in the russian city to. take part in the global political front the decision makers are going to discuss among other things how to avoid future economic crisis but does it mean the path out of the current economic recession is already clear and where does this leave here's a participant in the forum wall street financial analyst professor michael. one of the goals of this year's us lovely little balls is to find out how to reduce the gap between the rich and the poor the economic crisis that europe america is still a serious threat to the future of the euro zone his in doubt just recently america was facing the threat of a technical default that w

one day visit america and thousands of victims of the recession took their concerns to the street wall street to be exact so will justice be served for the people screwed by the corporate bankers. you need to know this president obama gets his way than the gravy train is over for america's millionaires billionaires and transnational corporations today the president unveiled his deficit reduction plan a proposal that will slash four trillion dollars out of our nation's deficit over the next ten years and completely pay for the american jobs act that was introduced in congress last plan does this primarily by ending special tax breaks for millionaires and billionaires including the bush tax cuts for the rich. this plan eliminates tax loopholes the primarily go to the wealthiest taxpayers and biggest corporations. tax breaks that small businesses and middle class families don't get this plan to ask the wealthiest americans to go back to paying the same rates that they paid during the one thousand nights before the bush tax cuts in what's being called the buffett rule the president's plan also fo