wall street.0 in political donations just this year so far. and this campaign cycle, i should say. just to put it in context, the fourth highest recipient of political donations from wall street in congress. separately, i talked to a source with the washington lobby that represents wall street interests who told me they worked very, very hard, lobbied big time to scrap this provision. >> the concept is ill defined and kind of a shadow industry of people who get information in the halls of congress, and then sell that information to financial firms because it's sort of -- it's kind of inside information. it's information that hasn't had a wide distribution. correct? >> reporter: that's right. >> that's the theory. >> exactly. people who know people on capitol hill, know aides, know lawmakers. you know, maybe even some former members of congress who can get information of where a piece of legislation is going and, you know, report back. they're not registered lobbyists. they're not necessarily pushi

it gave way to the chance all day, all week, occupy wall street. e chant started out slowly, almost halftime, the quick and as the n.y.p.d. swept the streets. altercations of this of this is a police line surge pushing never got the street and onto the sidewalk outside trinity churchyard. some protesters pushed back until a sort of officers overpowered that. others hurled idols which are objects from a bar. when enabled onto a police cruiser and threw himself onto the crowd of police. cries rang out. fascist. you are protecting? and shame. other protesters called the police to join them. they are stealing your pensions, to some shouted. within a matter of minutes, police reclaimed broadway. ministry was clear to those who defy police were arrested in god, some had to change their tires, which bought the morning traffic for additional 30 minutes. this traffic resumed, those rereading made their way to the square were general assembly was already debating the movement next step. by 6:00 a.m. the throngs of protesters had dispersed. only few dozen rema

which gave way to the chant all day, all we could occupy wall street perkovich and start out slowly almosthave time to quicken as the nypd swept the streets for gall to rations arose pushing everyone out of the streets and onto the sidewalk outside of trinity church or. 's a swarm of officers overpowered them and others held bottles and larger up shrum and far. one young man leapt onto police cruiser and threw himself onto a crowd of police. cries rang out, fascist, who are you protect them? and shane. other protesters called the police to join them. they are stealing your pensions too some shouted but within a matter of minutes police had reclaim broadway. industry was cleared and those who defy the police were arrested and gone some cops have to change their deflated tires which blocked the morning traffic where an additional 30 minutes. as traffic resumed those remaining made their way to foley square where a general assembly was already debating the movement's next step. by 6:00 a.m. on the throngs of protesters had disbursed only a few dozen remained lingering among the police and the

first up, the tea party and occupy wall street. we have amy kramer and kevin jackson. >> i'm going to start talking about our panelists. the first is a good friend of mine. i spent long hours in the back of buses. she is one of the original founders of the atlanta tea party. [ applause ] >> thank you, dustin. >> join the tea party express pac as director of grass roots and coalitions. now she is one of the most recognizable faces of the tea party movement. she does an unbelievable job. amy kramer. >> thank you. [ applause ] >> our next panelist is kevin jackson s jackson. he is author of "the big black lie." [ applause ] >> and he founded the black sphere blog. kevin has been featured on the "glenn beck program" and "rush limbaugh program." he say radio show host and he is frequent guest on a variety of national shows. kevin writes his almost daily blog and is a syndicated writer. he contributes to big government and human events and an environmental thinker. he will entertain you guys tonight. no pressure. our next guest is jennif

benefits from wall street be very unhappy wall street wants the high dollar because their money goes further in china and they fear inflation like anything so wall street be very unhappy with it which is probably why we're not doing it right now but not high dollar main high interest rates which why would wall street want that they're broke they're using these low interest rates to roll over the debt in the credit markets to finance their speculation road typically typically one hundred dollars more if i'm so sure with higher interest rates so they generally don't want lower interest rates we have lower interest rates now to spur the economy and again i can't see why anyone higher interest rates but who is benefiting from those low interest rates right now well we're seeing a lot of people refinancing their homes they're benefiting we're having more demand in the economy more jobs so workers are benefiting so yeah so in general it's a good policy but i mean unemployment is still so high maybe high on wall street higher yet but we've seen wall street take on her cash and zero percent

barack obama gave a speech endorsing the occupy wall street movement.y has given a speech endorsing it. chuck schumer, debbie wasserman- schulz, who is the chairman of the dmz -- the dnc. they have already endorsed this movement. this is something i find fascinating. st. louis, my city -- a great city. we had a veterans day parade and in the same year, we also had a parade for the returning iraqi veterans from iraq and afghanistan. [applause] what is fascinating about this is there were individuals who wanted to have a parade in new york city for the iraq and afghanistan war veterans, and new york said no. but what does new york to for months on end? they essentially allowed the occupy wall street astroturf group to operate without a permit and camp in the park without a permit and defecate on cop cars and cause problems in neighborhoods and will let me forget the raping and drug selling and all of that, all of the crime associated with it. they will let those people do that, but we cannot have a parade in new york city to welcome our veterans home. the

which gave way to the chance of holiday, all week, occupy wall street. the chance started out slowly, almost pastime, but weakened as the n.y.p.d. sophistry. altercations arose, pushing everyone out of the street and onto the sidewalk outside trinity churchyard you some protesters pushed back into a sort of officers overpowered them. others hurled bottles and larger objects from afar. one young man onto a police cruiser and threw himself onto the crowded police and cries rang out fascists, here you protect demand chain. other protesters called the police to join them. they are stealing your pensions

and as you know, very quickly wall street was made whole. it's just the folks at the other end of the economic ladder that still bear the consequences of this near collapse. >> no matter how we slice the numbers, it's a fact that since 1979, 40% of the income growth in this country has gone to 1% of the population. and so, that you can hear it said, that we now have government of the 1%, by the 1%, for the 1%. what do you think about that? >> well, the interesting thing to me about it is that it's not accidental. i mean, this has happened as a matter of public policy, in some cases, very deliberate policy that creates a tax code that says the wealthier you are, the less you pay in income taxes. and the more income you have as a result of netting out your tax payments. whereas on the other side, the lower income you are the higher your burden. well, that's a deliberate policy that says we're not going to have a fair system at all. we're going to weight it favor of the wealthy. now, how does that happen? it happens because those who are at the

the wall street that existed for that period of time. our banks were not allowed to do this proprietary trading and get involved in securities business so you know if we're inching back to ever so slightly in that direction we're certainly not reimposing the glass steagall by any means is that an emasculation i don't think so i mean if anything you see the growth in the proliferation of hedge funds and by the way a lot of these traders who were on prop desks at the major banks now moving over to hedge funds the same type of activity is going down and we see the explosion of high frequency trading which is making the markets crazy more like a casino than ever so i think it's really hard to argue i mean you might get it from some of the top big wigs of wall street who are good you know cry and a little bit about the loss of their propped but i mean if anything i think we're just seeing a transformation of wall street there's more speculative activity than ever i mean i don't see this as it emasculates i mean they're they're they're upset a

this outreach to wall street to try rebuild those bridges. it's a tricky dynamic because he needs that money in this unlimited arms race. >> absolutely. that's the same point i was going to make. he promised them ok guys, we won't hurt you. believe me, we know you won't hurt them. thank you so much for joining us guys. >> thank you. >> when we come back, john ratzenberger, cliff from cheers has a great cause that we want to tell you about. it should be an interesting conversation. >> back on the young turks. we have a great guest, john ratzenberger. you might remember him as cliff from cheers. he's the spokesperson for most mobile outreach skills training. great to have you here. >> thank you. >> tell us what it is. >> it's that, a mobile outreach, trailer trucks, motor homes that are equipped at workshops and classrooms and we go to the companies, factories manufacturers and ask them what do you need as far as employees are concerned. the big problem is now with g.i.'s returning, they go to community college and train in something that has n

but he is the wall street candidate. nobody has gotten more money from them. >> with so much going on, is there a danger -- are they trying to marry us to the bank bailout somehow? >> what i would take from occupied is they are like sybil. they have multiple personalities. you do not know where they're coming from. one needs banking. one loves capitalism. they are all over the map. the tea party movement has remained relatively stable in terms of what we believe and our core values and things like that. with the tea party movement needs and the conservative movement in general, and what we can take from this is, i admire the level of fight that the left brings to what they do. we like keeping things we say civil. we are not in civil times. the left changed the definition of pedophilia to across generational sexuality. that is nutty. i had a panel on race relations and people were saying african- american. there is no african-american. there is only american. [applause] and let me tell you something else before i lose the

dear wall street roses are red, violets blue, send your responses to us at squawksd. >> it is cramer ell and then later on this "squawk on the street", gene simmons time, the front man for kiss pushing something new you probably never expected, our control room is all abuzz about this. first, though, futures dow down 25 points as we kick off a tuesday morning. don't go away. it's here-streetsmart edge, the advanced, intuitive trading platform from charles schwab. fine-tune technical analysis with the integrated chart tools sidebar. pinpoint your target more efficiently with clearly categorized, highly customizable technical studies. plus, scan any stock or etf against time-tested indicators with built-in chart pattern recognition. call 1-888-4schwab. and open an account and trade up to 6 months commission-free. talk to chuck and get started with streetsmart edge today. ♪ do you believe in love ♪ do you believe it's true ♪ do you believe in love >>> jim prefers the captain and tennille. >> i never break out. kind of a one hit thing. right? tennille. did you ever see tennille at the lat

you have the collapse of wall street and the bailout of wall street. this was extremely unpopular. the pundits in washington across the board were saying the republican party had to become modern. it had to put the conservative days of george bush behind it and they did the opposite. they took a hard turn to the right. george bush was not conservative enough for them. the real answer was to reach out for this kind of free market utopia. that is with the tea party movement was about. here is the strange thing. that strategy worked for them. fantastic, sweeping victory. what has happened is they have learned a lesson. i do not think it is a good lesson. they have learned always moving to the extremes is the way to win. and they seem to be able to criticize one another from a perspective of conservative authenticity. you look at romney and santorum fighting against the other. they accuse each other of being a fake conservative. that is the form of criticism that is permissible in the party now. tavis: go back to the midterm elections of 2010 where the president by his on a mission too

shape of the system but what emasculating wall street be more like pressing charges firing c.e.o.'s taking away bonuses in time. i really like we've seen in the u.k. and what about reports that show that these regulations aren't exactly applied fairly i want to talk to mike norman about all of that mike i'm going to bring back into the conversation and i hope you don't i wasn't cut you off before literally we have to hit our break sat it's not my control but i do want to ask you about about this this issue of regulations because you have you know new york magazine on one side saying hey wall street is change these regulations are hitting them but i mean really would emasculating wall street be a lot better than that we see in the u.k. they had banks that have received huge bailouts not being able to accept huge bonuses and also i mean even losing their knighthood that sounds like emasculation i mean. listen for one hundred years we basically had not one hundred years for seventy years we basically had glass steagall which the wall street that existed for that period of time where b

they're at wall street. and there is a lot of big money folks who have been spending a lot of money over the last 30 years saying the problems in washington, you know. go to washington. washington is the problem, not the solution, from reagan on. and at the end of the day, it was a bunch of big money people saying stay way from wall street. let us do what we want. go blame washington. take all your anger and frustration with globalization and changes in the economy, go blame washington for those problems. and finally the light bulb went off and there is a lot of people on wall street now doing the occupy movement. which i think is really, really important, because it has shifted the focus from the tea party ideology of sorts in washington to the real source of the problem, where all the money comes from that funds these ads and funds washington, d.c. is wall street. it's great. >> tracy is a democrat in washington, d.c. go ahead, tracy. >> caller: hi. thank you, congressman, for your efforts. and just as the

but he is the wall street candidate.e money from them. >> with so much going on, is there a danger -- are they trying to marry us to the bank bailout somehow? >> what i would take from occupied is they are like sybil. they have multiple personalities. you do not know where they're coming from. one needs banking. one loves capitalism. they are all over the map. the tea party movement has remained relatively stable in terms of what we believe and our core values and things like that. with the tea party movement needs and the conservative movement in general, and what we can take from this is, i admire the level of fight that the left brings to what they do. we like keeping things we say civil. we are not in civil times. the left changed the definition of pedophilia to across generational sexuality. that is nutty. i had a panel on race relations and people were saying african- american. there is no african-american. there is only american. [applause] and let me tell you something else before i lose the microphone to one of

twenty twelve occupy wall street's gone global you know people keep looking to america for something to happen here and then the rest of the world kind of latches on to it even though you think that american spirit is dead this whole world kind of focuses on the united states for the center of some kind of social economic geo political or cultural change and occupy wall street was just that it inspired an occupy movement worldwide we call it the invasion of the occupied by tentacles reaching out all over the world when you caught one off another one. it's an estimated eighty countries in one hundred twelve there is no stopping it and by the way the very police brutality that tried to stop the movement in wall street is what brought it to the forefront the movement is not going to stop winters and things are quiet now. the governments around the world do not know how to control the. all the events of police brutality against occupy wall street activists took place before the national defense authorization act was signed by president obama what can happen now to all the americans that

over the volcker well this is the role that supposed to rain and risk on wall street big time bar the big banks from trading with their own money seventeen thousand letters poured into regulators wall street fighting the new regulations. the nail saying it will threaten the economy is big banks can perform these functions but how many other institutions or even financial startups would be easer to step into this market once the big banks no longer have a stranglehold monopoly over it so is this about the economy or is it after we often see about anti-competitive practices by the big boys on wall street and speaking of innovation and squashing it ryanair has brought a lot of it i'm talking about innovation to flying in your abilities with the combination of super duper low fares and a certain flair when it comes to i catching advertising will some of their latest ads are banned in britain so are you k. regulators unfairly crushing the competitive edge we'll talk about it let's get to today's capital again. all right the volcker rule has gotten everyone's attention or at least ours alon

and exchange commission mary shapiro defended the agency's record of settling fraud cases with wall street companies saying quote people won't settle with us if they have to admit wrongdoing because it opens them to liability in civil damages lawsuits but because the settlements often carry terms that require a wall street firm to overhaul their compliance departments she said there is a deterrent effect. mary while you have both been. there is not a turn effect for one thing obviously because they don't stop committing the crimes number two they don't over all their compliance department they bribe the compliance department as i've explained on the show many times when i was working at paine webber oppenheimer shearson alex brown the first thing it is is you brought the compliance officer that's how they make their money they're in every office that's the key guy to bribe number three she says although be exposed to some kind of civil lawsuits forget the civil lawsuits about the criminal lawsuits we want to see a people in jail big capital punishment needle in the arm death death to banke

are wall street traders pocketing $10 every time you fill up your tank? >>> coast-to-coast. fierce winds, mudslides and here comes the snow. the storm slamming two-thirds of the country. >>> my name is -- >> peggy. come on. >> the maddening customer service calls from a world away. tonight, david muir on how that frustration may bring 100,000 jobs home. >>> and turning the page. harry potter's author, her surprising, new book deal. can she work her magic with grown-ups? >>> good evening. you see it, you feel it. and most of you are angry about it. gas prices, they've gone up every, single day for almost a month. 28 in a row. and with americans from coast-to-coast fed up as they fill up, president obama did what he could, today, to channel that anger. speaking out to calm fears, explaining the cause, and make the case that he's not the one to blame. that may be a hard sell. and those runaway gas prices are certainly the president's political problem. tonight, our reporters tackle the issue on two fronts, with a warning from a top government watchdog who tells us that a big ch

it is not about wall street. we do not dislike wall street is the piece of street.y calls -- cares about wall street. we care about those who occupy wall street beginning the 67th floor and up the 1% of the 1% of the 1%. the gold fingers. it is not about the real-estate what wanted to do and what i have been doing is a four year investigation through bbc television on five continents. of the 1%. i want you to me their names, their trophy wives wives, the movers and shakers horror movie and shaking us and meet the people that have moved and shake 10. it is not about wall street. we occupy for stanley mattingly. by the way he lives in a trailer in oklahoma. on the property like indian reservation property there is the metal horses that go up and down to pull up oil. they have a contract with the company to go around to pull out the oil and he was pulling in $30 a month that she really needed. the truck would come to pull out the stripper well and mark 16 then they would take out a 11 and marked down eight. the difference is called overage. or theft. a couple barrels h

but when it comes down to wall street, these guys and gals, they like money, that's why they're on walltreet. for them to make money they need the administration on their side. they're fighting an uphill battle against the populist sentiment in the nays against wall street and then when you have the administration against you as well, it's very difficult to do business. think about all the regulations that have come in place over the last three years, against wall street, attempting to make them hold down the quote unquote rich. so in my mind, i truly believe that me voting and a lot of my cohorts are going to be voting with our wallets this time around, hope to go grow our business, and we employ people too by doing that. megyn: chris, the white house seems to be concerned about the president's own messaging about the so-called wall street fat cats because they sent the campaign manager jim messina to meet with a bunch of wall street folks and according to politico today, they say messina promised at the meeting that the k35eu7b will -- that the campaign will not keep bashing wall stre

which wrote a three hundred twenty five page letter to the agency in charge of regulating wall street which is what the f.c.c. is now to set this all up one of the loopholes in this volcker rule comes in the form of a market making provision let's remember market making for a second here's lloyd blankfein talking about it when charlie rose asked him if goldman investment advisors had ever bought securities from the firm sold them to clients and then bet against those same securities and no blankfein is pregnant pause. i have to explain you see this is this is a problem as a market maker we are making buying and selling a thousand times a minute. probably that's what i that's what i. probably we're just market makers now another one of the provisions has to do with hedge funds a volcker rule supposed to make it so banks can't own had funds let's remember why ok here are some headlines from the financial crisis days b.n.p. perry freezes funds as loan losses royal markets these were their investment funds and here's another one bear stearns hedge funds wiped out so bear had to pump more

as long as we don't try to speak for occupy wall street, the only way you can speak for wall street issort of the decisionmaking bodies, so to speak, you are free to sort of do what you want. i take your point and lots of people would -- first of all, say well, this isn't good enough, let's go back to glass/steegal. ing the system is so broken it cannot be reformed. our approach is we don't think you have to choose. you can try to work within this system and you can try to build the -- a new system in a group called occupy bank thinking about how would we build a new bank from scratch. >> yeah. one of the things i think is -- fascinating in terms of the context of this, political context we talked about in terms of politicians finaling themselves, squeezed between voters and donors, you don't -- pop list many and certainly anti-bank sentiment is very popular. it has proven itself popular politically and not popular with the people you are taking checks from. one of the ways out of that bind is precisely through this process which is to go and pass a law and say look, we have regulated

they know that wall street has occupied the country. and in the last thirty years most of the income growth in this country has gone to the financial, insurance, wall street building, and the financialization of politics. there was a great sign by a senior citizen about my age, in occupy iowa, which was the movement there, this lady was carrying a sign that said, i couldn't afford to buy politicians so i bought this sign. [ laughter ] they get it. people get it that our system, our political system is subjected to the power of big money rather than to the needs and hopes of ordinary people. >> smith: and you made the point that it is both parties. you know you have said before, said recently at the public citizen 40th anniversary event at which you spoke that gop really stands for guardians of privilege. at this point the argument leveled against the republican party is a party of the rich, whether you agree with it or not, is one we've heard many times before, but you are as pointed in your criticism of president obama and the democrat

well the back of the big picture on top marvin coming up in this half hour occupy wall street is gain some powerful supporters who are they and their support give occupy wall street the lasting power it needs and into its daily take the nation's wealthiest loved to steal candy from children seriously but what else have they been stealing over the last three days. is about as the rest of the news in yet another glaring example of why occupy wall street is so necessary take a look at the general electric corporation according to a study by the center for tax justice general electric earned eighty one point two billion in profits over the last decade eighty one point two billion that's eighty one thousand million dollars in profits that's a heck of a lot of money but guess what the average tax rate paid by g.e. over the last decade was well first let's take a look at a hardworking high school teacher for comparison in wisconsin for example who makes fifty thousand bucks a year he or she would pay about twenty five percent income tax rate plus around twelve percent payroll taxes. but gene

you know i don't think we should eradicate wall street i think that's sort of unrealistic but i think wall street needs to be regulated to make it stronger i think of it as like sort of a teenager that just needs a little bit of guidance because it is going to be a little bit self destructive without that sort of guidance and parenting and having worked on wall street yourself ob did you observe at any corruption while you work there. no. i certainly didn't i was i was only in for about two years. when i was laid off in two thousand and nine so no i didn't get to serve any of the corruption a lot of that took place i think years prior to the actual crash itself. and derek and i know you compare i read some of your work at the police force at the occupy wall street to soldiers fighting and iraq comparing the movement seems a little bit extreme why do you make that comparison. well i mean i'm making the comparison because i did you know what they're doing sort of i did the riot control and i know the mentality that goes into it and my point i think in the right that you're referring to

and occupy wall street was just that it inspired an occupying movement worldwide we call it the invasion of the octopus like tentacles reaching out all over the wall when you cut one off another one grow. it's an estimated eighty countries in one hundred twelve cities there is no stopping it and by the way the very police brutality that tried to stop the movement in wall street is what brought it to the forefront the movement is not going to stop winters said things are quiet now the governments around the world do not know how to control the. all the events of police brutality against occupy wall street optimistic place before the national defense authorization act was signed by president obama what can happen now to all the americans that speak out against the way that their elected officials are governing the country one of our top twelve trends for two thousand and twelve is battlefield america it's going to be the will of the people against the will of the government the senate of the united states of the house of representatives the gang of five. and deciding like this guy lindsey

we could not have had wall street without the huge debts in the federal reserve and wall street buyingelling that. we could have not had wall street without fannie mae and freddie mac selling trillions in subprime loans, securitized in those, and wall street sold them all over the world. we created the concentration of economic power. it could not have happened unless we were doing what we did in washington. regulations on wall street are fine, but we have to realize the root cause. some of it goes back to some of the regulatory changes. that just facilitated it. the real cause came back to fannie mae, freddie mac, and the federal reserve. host: charles, a democrat in arkansas. go ahead, charles. caller: first of all, a couple of quick points. first, the bush tax cuts are clearly responsible for our debt, which we have been bringing down. another point i would like to make, as percentage of income, before paid quite a bit in taxes. they spend 100% of their income. more often than not, the rich clearly do not. any economist will tell you the money exchanging hands for goods, services, e