Skip to main content

tv   [untitled]    May 25, 2011 8:30am-9:00am EDT

8:30 am
with r.t. live from moscow the main headlines now rose colored glasses in the rose garden live pictures right here is president obama meets his british counterpart to reaffirm their common of foreign policy goals including their commitment to ousting in libya's colonel gadhafi but concerns grow the two nations are the only ones benefiting from their joint military ventures again these are live pictures right here on our. brands as finance minister backed by the e.u. and the u.s. enters the race to become the next i am air head that says the so called the brics
8:31 am
countries which include russia pull for a selection process for the world's top applying to jobs to be based on merit and not based on nationality. protesters in georgia will push harder for president saakashvili is a resignation with thousands taking to the streets of the capital for a fifth day now they demand and end the rule of the government that they call undemocratic and corrupt. by the financial crisis of two thousand and eight hit america hard but some came off a lot worse than others and while many of those responsible for the collapse are once again enjoying the high life others remain out of work struggling to survive r.t. talked to investigative journalist about who explained how banks have escaped scot free. so to sitting down with author investigative journalist and contributing editor to rolling stone magazine. thank you so much for joining us thank you for having me
8:32 am
now let's get right into it you've dedicated a large part of your work in your career to discovering and investigating the events that led up to the economic crisis of awakes and the events that happened after and during that whole chaos and my question to you is where is where does everyone stand now it really looks like the politicians have moved on wall street has moved on certainly from that whole extravaganza and yet we have millions of people left basically cements for themselves what do you make of iraq well i think we're at a period now we're kind of at a crossroads where the if the government moves forward and doesn't make major changes and does and press forward with wide scale prosecutions i think this is kind of like their last opportunity to do that for the last three years or so that really they haven't taken anybody to court at all there's really been no law enforcement whatsoever and i think that's something that people are talking all
8:33 am
about a lot on wall street they're kind of wondering when you know the you know the sure is going to dry out and i personally am hopeful that they actually will do something it's just it's too late but it's at least it will come naturally better than nothing right now it's interesting that you've been pointing out that you know bernie madoff the ponzi scheme are very themas case and you've been saying that the reason he ended up being you know what basically the only one who ended up in jail so far for significant period of time is because he was the one who impacted the rich right and the reason that everybody else is still held on accountable because they you know impact of people who don't really have a voice apparently you know that i think that's absolutely the case made off was a good target for a couple of reasons number one. he really had nothing to do with the systemic corruption that led to the crash in two thousand and eight he was. just the street of criminal who could have existed in any time period so he was unconnected to all the really serious stuff that went on on wall street and also the scale of it was
8:34 am
even though it was big for the people who invested in his funds it wasn't anything like the scale of the fraud that went on at the big banks for instance there was that and then of course the fact that his victims were actors in hollywood and other than other people in manhattan and wall street. that was really the reason why he ended up getting picked it's been over two years and a lot of people politicians people media are saying you know it's time to move on let's let's kind of start growing again and stop talking about the economic collapse are you still angry and who is your anger directed at that whole attitude well it's already over let's not bother going back and stirring up you know the hornet's nest of you know all these troubles that are in the past i think that's a really dangerous attitude because the number one thing that came out of this whole period is that there were absolutely no consequences for any of the people who committed this wide scale fraud we had these massive bailouts and there's an
8:35 am
enormous amount of public anger about that if you couple the bailouts with the lack of law enforcement the lack of prosecutions there's really no incentive going forward for people on wall street not to commit crimes especially if they're incredibly profitable. you know people on wall street look at that and they say hey if i rip off you know a pension fund or insurance company or a foreign bank. or a foreign hedge fund there will be absolutely no consequences basically the only lesson they have learned is that they can do anything and get away with anything and that's just right and even if it blows up even if we get completely wrong you know the worst case scenario is that the government is going to come in and bail us out with taxpayer money so obviously the c.e.o.'s are not going to go bankers are not going to care much about homelessness joblessness in. all that mess they've created but why don't politicians really make more of an effort at this point i mean it's been enough time over two years to kind of start doing something to put stuff back together to put the puzzle back i think there's
8:36 am
a lot of reasons for that i think our politicians are completely isolated from what most people in america are really going through they don't spend a lot of time with people who are struggling they don't know what it's like to not be able to make your home payment or have your house foreclosed upon and the horrible thing about this is that this isn't some small segment of the population we're talking about this is becoming a mainstream thing where what used to be the middle class in this country is now facing foreclosure in huge numbers and millions of people at a time are going into foreclosure losing their houses they're losing their life savings but i think the people who are running this country don't really see that they don't bear their entire experience is limited to a very small circle of people who see a very different america one that's very affluent to think that a little further if you could literally describe the relationship between wall street and washington in one sentence really what would be it's completely commingled a it's. it's
8:37 am
a revolving door of interests where. people on wall street either directly affect sponsoring the politicians in washington with campaign contributions and soft money and that sort of thing or else they are actually politicians who or what can really change who has the power to do it who has the force to do it and you know who would be interested in changing that will voters obviously have the ability to make those changes they have to have the ability to not choose politicians who are beholden to wall street theoretically the problem is wall street heavily sponsors both the republican and the democratic parties so automatically no matter who becomes the front running candidate for the presidency is going to be a creature of wall street and look at barack obama who i personally admired or on during his campaign of two thousand and eight but if you look at his his his record goldman sachs was his number one private campaign contributor what about third
8:38 am
parties you know is that even an option or is that never going to happen in this country. it was seriously i don't see it becoming a major having a major impact i think you might see the occasional politician who is who is really not part of that world not run so you know if people are obviously understanding at this point that democrats and republicans are different sides of the same coin with not just them that they don't know i really think it's a i still i think your average american does doesn't see that i think you know you ordinary people are very seduced and mesmerized by this you know phony media created division between blue and red and left and right and democrats and republicans and people are are conditioned to believe that there are enormous profound differences between these two parties whereas the reality is their differences are mostly superficial and on the important questions of how the
8:39 am
economy is running how to regulate the economy they're exactly the same but i don't think ordinary people know that what about the village between the media and washington d.c. like you say they represent either one or the other really these days the mainstream media where does that take us what kind of a really situation does that create in the us and who is supposed to kind of revamp the. people who have this image of. american news media as being. some kind of top down corrupted energy that is pumping out propaganda that's not really the way it works it's really the sort of nihilistic. purely for profit entity that is just to make money and in the process of doing that they're completely they have absolutely no interest whatsoever in doing social interest reporting it will just do whatever it is that's going to attract the most advertising and so as far as politics goes that means playing up this whole reality
8:40 am
show narrative of you. no left versus right in so that's our problem there's there's you know these are for profit companies and there's no money in doing the right thing so that's what that's how we get the media we have some kind of situation does that create you know if what you're saying we have washington out to please wall street wall street out to make profit corporations and the mainstream media out to make profit who is out there to do something to you know maybe do something for the american people for example they need to help right now there are a lot of good people in government there are a lot of good people in media the problem is systemically. they're never going to be able to take hold because the forces that work or are there are powerful and they're entrenched and they're also very efficient i mean the. media companies they do make a lot of money and so it's going to take an awful lot to move them off their commercial model and i just don't see that happening so real change is not coming anytime soon
8:41 am
i mean i don't see it i mean i think you could have incremental change and i think you know if there are a big enough crisis you might even see significant changes but. for the most part the way it's set up it's just really an uphill climb for ordinary people to. get their issues in front of the right politicians and get real change. make do you think a crisis of the way it wasn't big enough is that just the beginning should we kind of expect something more so happened you would have thought that that would have been big enough for me to have expected across so that magnitude would have motivated to government to make significant changes but they really didn't i guess it will have to be something worse before they can for they you know make this rule changes if we switch gears a little bit and talk about you know go from bad people who are pocketing all this money to the way the money is being thrown around the globe. first of all militarily of course because that's a serious issue with the wars ongoing in the u.s. i mean that the u.s. is participating and resources on this a little bit why isn't this money being put into creating factories opening up you
8:42 am
know manufacturing jobs really picking up the middle class back up from its knees. that's just not the way. the american political mainstream thinks i mean if you if you look at the what happened when obama a pass to the seven hundred billion dollars stimulus that was ostensibly to create jobs it was it was a government program to help put people back to work there was an enormous you know coast to coast outreach of the idea that the government has any business try to help people put people back to work on the other hand when we spend ten or fifteen times that i'm feeling our wall street after two thousand and eight. there was nothing like the same kind outcry or when we spend a comparable amount of fighting pointless and idiotic and bloody wars of conquest in faraway places when we spend enormous sums of money on endeavors like that again
8:43 am
there isn't the same kind of outrage you call the wars idiotic why do you think you know the politicians fail to see that what is really you do you think the underlying purpose of libya for example for you libya i don't know i mean i think this wasn't this was in a situation like iraq where the united states had a clear long term plan to go into this country. and went in there with their eyes wide open in if you look at it a rock in afghanistan to me those are more. indicative of what we look for in what they're thinking about in terms of foreign policy they have these long. military stalemates deployments that are going to go on forever and ever and ever and that are going to cost one hundred two hundred billion dollars a year and there are the official policy of the united states is that is to keep these things going in to have a presence in that region i think it's political inertia at this point you know if
8:44 am
you look at afghanistan for instance. clearly i think the remain reason that we're there is because the democratic party views that. yanna stan is our war and it's their way of going into election season and being able to say that you know we're just as tough as the republicans it's not that we're against war per se we just didn't like the iraq war so look here we are in afghanistan we're tough that's really the only reason we're there so that you know barack obama doesn't have to take criticism that he's weak and limp wristed all right thank you very much for your time thank you. twenty years ago largest country in. this particular instance of.
8:45 am
what had been. began in germany. where did it take. the headlines on our t.v. president obama meets is the british counterpart to reaffirm the common foreign policy goals including their commitment to ousting libya's colonel qadhafi concerns grow the two nations are the only ones benefiting from a joint military venture. france's a finance minister backed by the e.u. and the us enters the race to become the next head of the i.m.f. says the so-called brics countries which include russia call for a selection process for the world's top banks will be based on merit and not nationality. protesters in georgia push harder for president saakashvili the
8:46 am
resignation with thousands taking to the streets of the capital for a fifth day they demanded an end to the rule of the government but they called undemocratic and corrupt. right while our building in full is coming your way in about fifteen minutes time but first let's head for the latest from the world of sport with richard. this was a good to have you were on a solid had once. expressed delivery roger federer easily disposes of local favorite marks in this area to set up a third around young kids and study it should roland garros. class alone or arrive in london a day early as they continue their preparations for champions league final against manchester united. but a lightning strike is again in the world's fastest man also in bold small run of
8:47 am
all because of a golden goal in rome this week. will start returning from roger federer is free of a third round of the wrong comfortable straight sets victory against not same sex area while the third seed was really troubled in his march for home favorites. cruised to victory in just under an hour and a half. six three six six two the final school i'm a veteran when our face world number thirty two serbia is younger to study in which it. will swear we call youzhny will take on you cause i. will play and i want to play bridge has really been feeding off the crowd frenchmen deal with that song for warm of the tune of a joke which is right across racquets for me is going to have the school. who wins world number one caroline wozniacki it's also true after a tough straight sets victory against an exam drove us now and again taking control
8:48 am
by winning the opening set six pretty before wrapping things up a time breaking the second six three seven six was nasty remains on trying to move past the point of stage of the french open for the first time in her career. two thousand and nine roland garros champions with one because it's demolished her remaining opponent six one six one the score of that one the share that is struggling in. a younger age the russian with an uphill battle trying to contact them the same and also see a public angle of one pairing parents against germany's more on the battle. said to love late tonight world number one three russia is viewed as one of the all the faces another german sub in the city and. meanwhile on choose the maria sharapova opening clash against croatia church a seven seed was looking to win the french open for the first time in her career
8:49 am
making an excellent start in the opening set by six games the three time she continued her good form into the second as well as sharapova more in games in a row. love big three less for the hour should i play along and see of france in the next round. beginning because she stirred our serving really big. get too many looks conserves and. instead of playing better and better so it's a good way to start first chandos a tricky issue when you don't know your opponent who. was on tuesday on the men's side five time champion rafael about was taken to the limits by the u.s.a.'s john isner a spaniard of intially prevailed in five sets the world number one hasn't been his governance self on the red clay this season prison twice and over georgia reach out to the girls. said it's
8:50 am
a good serving american back to take the next two over and try braids to call a training room girls champion however had enough resolve to climb out american five said big tree six four six seven six seven six two six four the final story in that marathon. the problem see barcelona in london kaplan's arriving for the champions league final with united a day earlier than planned. eruption in iceland while the original plan was to travel to be u.k. on thursday and just decided to avoid unnecessary travel headaches or players checked into their hotel on wednesday morning so these final will be a rematch of the two thousand and nine decider in rome when the likes of see the rest of the squad be united on the same boat. oh no such problems out of one hundred and i said as they continue to. debate the biggest game of ban season trying so it isn't doesn't have any major injury
8:51 am
headaches a head of a game does space a new selection dilemma's given the depth of his squad. sorts biggest problem will be hard to some possible as leader may see this and says his own attacking players can cause a catalyst problems. there's always a solution to. every good player will be considered a solution for. so. we're also going to have all the good players and we have really good players and that is why it's such a. game. because i'm sure for some of the players that we can offer. the kids. on the hardwood miami are one step away from making the n.b.a. finals up taking a solid three to one lead in the best of seven series with the chicago bulls the heat the zinger bowls in game four hundred one for ninety three overtime jayne stopping reads thirty five points i'll shut down derrick rose on the other end of
8:52 am
the floor. i'll take pride in the face of it doesn't matter who it is rose or you know. you know is is whatever it takes for myself for a team i don't know if that means me but if this is minutes during the rose then i'll do it you know i don't have a problem with that play both sides are for i love the difference. much more than i do of prison they. just take pride in a side or floor. it's like a basketball and with the london olympics so little over a year away russia's women are hoping to qualify out of the games of the upcoming european championships protocol sort of results and how the preparations are going . the russians are usually one of the main contenders for a podium spot in european basketball events since nine hundred fifty the women's national team has listed the european crown twenty one times as the soviet union and since two thousand and one russian players have made it into every single final
8:53 am
winning two out of five that have taken place in poland and the team will perform under a relatively new coach who began his tenure in twenty ten just before the world championship in turkey where russia failed to impress losing to bill arrives in the quarterfinal however the national basketball federation is optimistic about the team's chances we'll see after the championship and the results could be good and could be a not good you know. with the lies of them to make some of the decisions that that moment is the pop culture of the russian women's national team and we hope we can coaching the team and with this team with just a couple of results cosmos. at the moment only two of its well qualification spots have been filled for the london olympics another team will surface after it wins the european championship in poland next month russia considered hot favorites and that event along with the defending champions france
8:54 am
plus and other continental powerhouse spain. it's hard to say who will make it into the final and who will hopefully become all rivals whether it's france spain or the czech republic but a ruse can't be written off either and we'd love a rematch after the world championship last. moving food everywhere these days becoming more or less a cruel and no team has any secret technologies still i believe the teams i mentioned will be the key opponents in contrast to the managements the core of the team has remained intact over the last few years their roster is quite impressive it with the two thousand and eight olympic bronze medalist and two thousand and seven european champions all present one of those is a broad cinema who has picked team captain. moments before she came out to speak to r.t. usually a year or two years for the olympics if you are in that scene eighty percent are going to make the olympics so as long as you stay healthy and you know you're good shape you're going to make it but for us we have to call if i fall if it's first
8:55 am
then obviously it's our dream everybody's hoping to get along in a couple days after this training camp and i'm off to region russia will be traveling to the czech republic for a while but thirty minutes now have to go after a couple of days and then he will be back here to most of the regions are preparing for the european championship which will start on june eighteenth in poland and russia will be hoping to qualify as the london olympics in twenty twelve on the first place remark offer of r.t. moscow region. also involves getting ready to make his a season's a nearby golden goal meeting in rome later this week the world's fastest sprint is due to compete in his first one hundred meter race since losing to tyson gay last august but a feat for ended bolts two year unbeaten streak making superstars false and withdraw last season due to an achilles tendon problem according to both himself is not fully recovered and some good shape although he's a little bit nervous after such a long lengthy injury day off. and it probably is never pressure. i would say for
8:56 am
the first down a bit nervous because i've been so long but i've been doing good in training and everything has been coming back slowly but surely so for me i'm just looking forward to going to compete in just to see a better. without the injury sort of thing for me is just i would just give the true this is what i should be ok. we're going to go inside the woods will miss another couple of weeks student injury but is hoping to take part in jeans u.s. open a t. and t. national tournament but he also cohosts former world number one recently dropped out of the top ten for the first time since one thousand nine hundred seven is still keen on beating jack nicklaus's mark of eighteen major titles. one that sort of it's one of the things that drives me in this game is that eighteen is our our benchmark our sport i mean it's no one's played a major championships better than jack has and you know i think i've had
8:57 am
a pretty good run of fourteen and i think fifteen years is nothing but. look at for the future and it took jack over. twenty four years twenty three years to do what he did. so it's small small coming up in just about. two hours he was going next and was going to be here with the headlines. culture is that so much for you to be sitting on the mark with clocks before more talks u.s. president barack obama's most recent attempt to broker a peace settlement between israel and the palestinians fault.
8:58 am
8:59 am
and the. wealthy british soil. that's right. hi fred.


info Stream Only

Uploaded by TV Archive on