wall street got bailed out and main street didn't. we have very high unemployment. we lost 8.5 million jobs in the recession. people's houses aren't worth what they paid for them. a lot of 'em don't have jobs. their kids are graduating from college and are moving back in. >> this is what democracy looks like. we got sold out! >> narrator: some protestors are calling for bankers to be prosecuted. >> it is pretty clear, actually, that there was massive illegality going on. and if somebody with subpoena power was intent on prosecuting that, i don't think there's really much doubt that they would be quite successful in criminal prosecutions. >> we are the 99%. we are the 99%. >> narrator: in a matter of weeks, occupy demonstrations spread to scores of cities across america and the world calling for radical changes in the banking system. >> we are the 99 percent. >> narrator: bankers responded by saying that the answer is to move on and get back to business. >> some of our companies made a series of bad mistakes. and-and-and we all paid fo

and last year it might have been the arab spring but occupy wall street might be the movement to watch in the coming weeks with the other warming up protesters are once again coming out in large numbers will find out what's in store for the so-called ninety nine percent spring. tuesday april tenth five pm here in washington d.c. i'm liz wall and you're watching r.t. . well the case has become doe and throughout the world and all spent three decades on death row he's now spending like behind bars without the possibility of parole he was accused of shooting a philadelphia police officer back in one thousand nine hundred one but questions still remain over how evidence in this case was handled and so this day he maintains his innocence and supporters believe he was mistakenly convicted because he was black and he recently lost his latest appeal to the pennsylvania supreme court alerts he got an exclusive interview with head it's his first interview with a television television station since being taken off death row and aren't his honest aasia churkin on how the story. broke once and for.

rhetoric about wall street was edgy wall street has abandoned him. blic did not get the upside of negotiating aggressively with well street, and the public is saying that the economy is not good, the jobs, as you alluded to, the homes that are underwater, and the foreclosures rates that will go up because the banks that have been holding back on the foreclosures will now move those houses through the pipeline. >> and the fact that so many kids are graduating from college without jobs are burdened with debt. that is another sign that is going to really effect the election. >> now there is a demographic trend when there is a clichÉ that describes them. they're boomerang kids. i have one who is graduating from college, and looking for jobs--when i got out of college in 1981, so going way back, there was no question you could get a job. it might not be the precise one you wanted. these days there is a sense of ambiguity and uncertainty and that hesitancy about the economy is troubling the president. >> yes there were great enthusiasts for barack obama in

wall street, they're he not moving them. >> mutual funds are not moving the markets?cks. >> neil: what are you saying. >> i'm saying that wall street wants free money as long as possible. >> neil: they're no different than those kids. >> they know ultimately, neil, what the consequences are. >> look, wall street sold stocks because, guess what? the free money might be over. it's not like they want it they make a rational decision based on interest rate policy. >> neil: and the only kids with tear gas-- >> and by the way, wall street people selling those stocks are selling on behalf of average people and mutual funds. >> i don't think that average people would-- >> and goldman sachs. >> the disappoint over the fix leaving. >> bottom line, ben bernanke what's a greater wealth effect. interest rates at zero. >> he agrees with you when he says that the response was childish. >> it's not childish, this is rational. >> and interest rates are going up. >> and you don't even listen to charles payne, go ahead, dagen. >> and this is -- whether you're an investor or not, we're d

as we head into a new week on wall street. fed chairman ben bernanke left the door open for more monetary easing this week. speaking in a conference in virginia he said the fed needs to remain cautious in deciding its next move and the economy still needs more help to encourage job growth. >> i don't want to deny that we've certainly seen some recent positive developments and what we're hoping for is whether or not those positive developments are sustained and whether they lead to a self-sustaining recovery going forward. >> well, that bernanke bounce pushed the dow higher on monday. in fact is it was up 160, its best gain in nearly two weeks. the markets then fell through mid-week. by friday the markets closed down. here's a look how the major arms finished t first three months of the year, the best fst quarter since 1998. >>> b best buy annnnounceded it close 5050 of its big box stor this ear, t test new storore t foats anand layy off workers. the compan dominated eleconic retailg for much of the last dadeut faces severe com

the big wall street firms have brought suit to the prevent it from happening.hey are the ones who are lining the pockets of those in congress and preventing another crisis or i should say facilitating potentially another crisis from happening. have you know shame? i mean, really, it's just so utterly frustrating. >> but on our side frankly, we need to be stronger and we need to be tougher because not much has changed on wall street. we need justice in the wake of this crisis. that means real. >> in what. >> real investigations and prosecution of wrongdoing. >> didn't the attorney againgeneral get changed with doing that? >> candidly the obama administration nights to do more. it's four years almost after the collapse of bear sturns and layman brothers and a lot of the things being enacted by congress are being gloccedblocked. >> do we need a greater separation between conventional and investment banks? >> absolutely. when i undertook this job, here is what i saw. i thought i was walking into my local community bank. i opened the door and i looked in and what i

-- next step for occupy wall street? >> what is your main interest in the issues raised by occupy wall street? if it is money and politics, you should join with those who are occupying the supreme court, fighting in states for clean money reform, and fighting for an amendment strategy to overturn the citizens united decision, and fighting in elections to change the supreme court. >> what would you think of having a national general assembly modeled on the original continental congress in philadelphia beginning on july 4 of 2012? coming up with a list of grievances that this assembly debated. >> lawrence blessing has talked about a new constitutional convention. i think it is early. i think it is tricky. i do not mean to sound too conservative. when you say to make a list of grievances, we could sit in this room and come up with a list of six ideas or grievances that need to be made real and lead to change. you need to find your issue, work in your community. work in the organizing around the issue. link up with groups do

the wall street accountability. this will bring the cftc in line with other federal financial regulators. the sec and the fdic. an authorized collection of user fees to offset the cost of their operation. in order to decrease prices immediately i and several of my colleagues have as the president to relieve some oil from the strategic petroleum reserve. right now the petroleum reserve holds 696 million barrels, and is filled to more than 95 percent of its capacity. as president on both sides of the aisle have tapped the reserve can attest that even releasing a small amount of oil from some of the reserve can have a huge impact on the price of gas and help to discourage speculation. today i hope we can discuss the best way to continue moving forward against excessive speculation. last month president obama reconstituted the oil and gas price working group to investigate manipulation in the oil and gas market. what should this working group be doing to make a difference and to the current market conditions warrant the

a knew week on wall street. two of america's most important and largest banks beat analysts expectations. both jpmorgan chase and wells fargo had better than expected profit and revenue numbers. jpmorgan earning $5.4 billion for the first quarter. wells fargo, 4.3 billion in earnings. earlier in the week, alcoa kicked off with a beat as well. google passed expectations and announced a two for one stock split for google. the markets rebounded on wednesday with fears easing about europe's debt crisis. on thursday, investors put on their rally caps once again. the dow having the best day in about a month. the markets fell, though, on friday. picture this. facebook is acquiring instagram for $1 billion. the company has 13 employees and no earnings. >>> and new cars and trucks sold in the u.s. are getting an average of 24 miles a gallon. that's the highest ever and up 20% from october of 2007, the first time the study was done. the s&p 500 is up more than 900% for the first quarter of the year. does that mean for a s

but next max and stacey discuss how wall street is trying to float even more debt but it's revealed in the cause reports. the report so. even on the lights are out because it will be glowing. stacie max we're going to go to japan for the show to talk kamikaze finance fukushima to burn highly radioactive debris fukushima will start burning radioactive debris containing up to one hundred thousand becher rolls of radioactive c.c.m. per kilogram burning radioactive debris does not destroy the radioactivity it merely spreads it arnie gundersen a well known man in the nuclear technology sector says that radioactivity from the burnt degree will end up not only in neighboring prefectures but in hawaii british columbia oregon washington and california gunderson said that burning radioactive debris is basically recreating the fukushima disaster all over again as it is releasing a huge amount of radioactivity which had settled on the ground back in spain air but it's exactly like repackaging a security that obligation you're not actually creating a new security you're just adding risk to the exis

thousand and eight period we find out later that paulson thanks to a whole with the insiders on wall street told folks that the government was going to bailing out these institutions printing money to do sell the banks all tripled and quadruple during that period of time based on all between hank paulson congress and wall street and billions of dollars were siphoned out of the economy and put into the pockets of few folks who used most of that money to pass laws to make it easier to commit the same crimes over and over again yes those hurdles you were talking about with hank paulson they were actually involved. with these bankers from goldman sachs he met with hedge funders who used to be at goldman sachs he told them despite going in front of congress and telling congress. we will not bail out fannie mae and freddie mac. they will not be put into receivership into conservatorship and in fact he was telling them that we're going to do it so you cannot this is our little huddle our little cuddle but i won't but that's exactly right and this is a one of the most blatant examples of really thi

"the wall street journal repo " report."now, maria bartiromo. >> i'll be back with the rest of the program in a minute. first here's sue with some of the stories in the headlines this week. here's a look at a new week on wall street. after a strong start to 2012, is the u.s. economy dipping into a spring slump? first a disappointing report on the weekly initial jobless claims showing the number of new filers for unemployment benefits is up 6% in the last three weeks. weaker sales of existing homes in march underscored investor worry. the markets had a bumpy week. the dow having several days of triple-digit swings around the 13,000 mark. the corporate earnings picture is rosier, however, with more than 80% of companies beating analyst expectations. they include banks citigroup, goldman sachs, b of a, morgan stanley, as well as dow components coca-cola, verizon, johnson & johnson, microsoft, and ge. >>> apple had a rough ride this week. shares of the world's most valuable company dropped 4% monday. then they rose on tuesday bu

keep it here where wall street meets main street. happy easter, happy holiday, see you next weekend.

commission on thursday fined goldman sachs group twenty two million dollars over allegations that the wall street bank didn't how policies to prevent analysts from sharing nonpublic information to the firm's traders the exchanges took place and weekly huddles where goldman's research analysts met to provide their best trading ideas to the firm's traders and later passed them on to a select group of top clients the f.c.c. said well yeah. a lawyer called glass steagall was present prevented this exact thing from going on the communication between the analysts of the bankers within the organization and this was there after that last crash and depression in america and they pass some laws to try to keep these groups from talking to each other but now goldman has formalized their fraud with this weekly huddle that they get together i suppose it shows the the huddle it's like a football huddle because you blankfein likes to touch the little guys but behind so i think is the main objective of this organ of this meeting well in fact you said it was a crime but this is a fine they're paying so i think the

the rest of the country can hate wall street and i understand why, but wall street is what makes newlook at steve schwarzman of blackstone. the epitome of greed, right? $400 million out of his ipo. his estate worth 2 or 3 million. but he kbafgave 100 million to york state library. or look at the social agencieses based on hedge funds -- >> so if i take 30 trillion i can wash push a few million off to green wash to steal no fr the government. we get to enjoy my rhetoric when i host the show. >> i will try and get over that the sid new york is better than london. do have you a favorite mayor own who do you think will replace bloomberg when he finally goes. >> well, traditional new york liberal who took over in 197. the city is at its worst. we lost 620,000 jobs. a million people fled new york. and this liberal came in and said, if i'm going to revive new york, i have to put the economy and business at the top of my priority list. that philosophy gov erped city hall ever since. but not one of the candidate running for mayor in democratic primary believe in that philosophy. they harkon b

"wall street journal report" begins now. >> this is america's number one financial news program, "wall street journal report." now, maria bartiromo. >>> here is a look what's making news as we head into a new week on wall street. earnings season is kicking off with a bang. two of the most important, largest banks beat analyst expectations. chase and wells fargo had better than expected profit and ref few numbers. jp morgan earning $5.4 billion, wells fargo, 4.3 billion. earlier, alcoa kicked off ahead. and google announced a two for one stock split. the markets rebounded wednesday with fears easing about europe's debt crisis. then thursday, they put on rally caps, having the best day in a month. the markets fell, though, on friday. picture this. facebook is acquiring instagram, a photo sharing site for $1 billion. they have 13 employees and no earnings. and new cars and trucks getting 24 miles a gallon according to a study from university of michigan, highest ever, up 20% from october, 2007, the first time the study was done. joining me, abby cohen. wonderful to have you. >> thank you

where wall street refines the oil into a mega billion dollar commodity. we begin with a look back to 2008 when the price of oil, theoretically tied to supply and demand, suddenly became untethered. storage tanks were full, yet the price skyrocketed from $69 a barrel to nearly $150 before it plummeted along with the stock market. there are lots of theories about what triggered the price rise. as steve kroft reported in 2009, many people believe it had more to do with wall street speculation than with oil companies. >> to understand what happened to the price of oil, you first have to understand the way it's traded. for years, it's been bought and sold on something called the commodities futures market. here at the new york mercantile exchange, it's traded alongside cotton and coffee, copper and steel by brokers who buy and sell contracts to deliver those goods at a certain price at some date in the future. it was created so that farmers could gauge what their unharvested crops would be worth months in advance, so that factories could lock in the best price

if you look at it from wall street. in 2002 there was a critical time in the life of cbo, is collateralized debt obligations, because i was just about that time that this are people on wall street decided that instead of being so diversified in the securities, why not just load them up with some problems? said it was a very dangerous moment. they started pouring subprimal loans into these products and at such large numbers that it made them much more vulnerable to exploding. c-span: what were the democrats doing along this way of the idea of the subprime mortgages? >> guest: not enough. i mean it's fair to say that no one really at that time was raising alarms. i mean, they were -- i think sheila bair, now coming to know, the chairman of the fdic, running the fdic, she was one of the early people to go to -- in sight to go to greenspan that the fed and say look, this is looking rather dangerous. there is another now that mr. mr. gramlich, who was governor of the fed, he was raising concerns by 2004. but people from wall

cracked down on wall street and the financial institutions. >> right.elieve after the great recession, the staple response would have been in order. instead, these people think just the opposite response. let's make it easier for wall street to do the same stuff that they were doing that got us in the hole in the first place. >> it is as though this is a bad dream where having lived through what we lived through, having seen the run-up and there were a fair number of people beginning in '04, '5, '6 '7, and it could be the inter-relatedness of our institutions and how fragile the economy was. a lot were saying be careful. here we are two years after, absolutely a couple of years, four years after, depending upon what you date it from, reliving the entire framework. what bothers so many of us is that even those who should have pushed forward for genuine reform didn't do so. we point to dodd-frank and say gee, at least leave dodd-frank the most important piece of what was put in place. and that's being start over -- fought over, struggled over 5,000 cuts b

but in 2000, congress gave wall street an exemption that's turned out to be a very bad idea. >> it's legalized gambling. it was illegal gambling, and we made it legal gambling. >> with no regulatory controls. >> with absolutely no regulatory controls. zero, as far as i can tell. >> i mean, it sounds a little like a bookie operation. >> yes. [watch ticking] >> i don't to die. i shouldn't have to die. >> helen sharp, suffering from lymphoma, just got the letter that says her county hospital is cutting charity care to cancer patients. it's a symptom of the recession: public hospitals forced to cut vital services just when people need them the most. when you read this letter, what did you think it meant to you? >> a death sentence. >> welcome to 60 minutes on cnbc. i'm steve kroft. in this episode we'll meet some big winners and some big losers in the high stakes game of world finance. up first, the secret vaults of geneva and zurich, which have served as repositories for the wealth of dictators and despots, mobsters and arms dealers, corrupt officials and tax cheats of all kinds. it's a

"lawmakers pushing for weaker volcker rule reap wall street cash." accordingmberg news, theker rule financial industry's s "demonstrates that four years after wall street helped the worst economic downturn th great depression and prompted allayerbailout, itegai went or de efforts to rein in the banks." those are discouraging words. so to find out more about what's going on, i thought, why not go right to the source, the man after whom the volcker rule was named. educated at princeton, harvard and the london school of economics, paul volcker has been a formidable figure in government for more than 30 years, serving two terms as chairman of the federal reserve from 1979 to 1987. he's also advised the u.n and the world bank, he headed president obama's economic recovery advisory board. paul volcker, welcome to the show. >> thank you. >> these headlines and many others suggest that they're going to win this one. that they're going to get a weaker volcker rule. >> i think there's a certain amount of confusion here. a lot of the criticism is over the compl

when dodd-frank appears not to be working because of wall street lobbying and wall street lawsuits, the price of oil is back up again. stop the gambling. i can tell you will bring the price of oil down substantially and all your constituents, who are in heart-breaking situations, whether it is gasoline, heating oil or any derivative of crude oil will find comfort and we will keep the recovery going and make the united states what it is for the first time in decades, a leader in world economic growth. >> thank you very much. >> thank you. let me sklt my colleagues, mr. sicilini from rhode island, next question. >> thank you, madam chairman for convening meeting and ma'am leader. this issue of great importance in my state. rhode island has second highest unemployment rate in the country and families are suffering with the increase in gas price. to get to work, if they have work, to run their small business, to get their kids to school and a whole host of other issues. when you hear your testimony today and what we've seen so much in the research it is so much of this is driven by what sou

we will have the opening bell on wall street as well. we will have the opening bell on wall street as well. man: we need a good night's sleep. woman: which means a little heat to keep us warm. and a good dose of support for my back. some over-the-top comfort couldn't hurt. and our perfect dream factory's been built. you're feeling sleepy already? nighty-night. [giggling] >> the opening bell on wall street, fourth straight losing days. the dow opening of below the 13,000 mark for the first time since march 12th. rain is coming down and a lot more rain on the way. six storm tracker 4 shillings light danced moderate rain. walnut creek, light rain. it looks like light rain as well on the nimitz from oakland flyer ollie past union city. if the peninsula also with light rain. it is not terribly heavy. let's take a look at what rainfall rates look like furious fifths fell there is not a lot of rain there, but it is light and will collect on your windshield as you're driving around. the good news is that it is broken up. it is not as organized a

. >> tom: then, wall street turns the tide on a five-day losing streak. behind today's stock buying: an upbeat take on the economy from the federal reserve and strong earnings. it's "nightly business report" for wednesday, april 11. this is "nightly business report" with susie gharib and tom hudson. "nightly business report" is made possible by: >> susie: good evening, everyone. stocks on wall street bounced back today, ending a five-day losing streak. and we'll have more on that in just a moment. but first, tom, apple was one stock everyone was talking about, but not necessarily in a complimentary way. investors were surprised the justice department filed a lawsuit against the company. >> tom: yes, investors think of apple as the darling stock that can do no wrong, susie. but this antitrust lawsuit accuses apple and five major book publishers of conspiring to fix the price of electronic books to limit competition. as darren gersh reports, it's an important case here for the development of e-commerce. >> reporter: for a lawsuit, it's a page-turner. the ju