This is the kaiser report where were you september 3rd 2009 thats a question well be asking kids grandkids for years to come down was the 1st episode of the kaiser report yes 10 years ago today because a report began broadcasting all over the world under the countrys billions of people. 10 years ago this month indeed we started here in paris so while were here in paris i wanted to record this special there are some controversies about when the 1st episode actually aired of course because of a you tube and how they upload and date things but nevertheless i want to you know look back a little bit at a what we experience here in paris at the beginning of our journey of kaiser report 10 years ago and what i realized looking back and anybody could do that because its all on you tube go report episode one episode to episode 3 episode 4 just watch those 1st episodes im going to look at episode one and 3 at the moment because it napa said one we interviewed Danny Schechter the news the sector
This hour you can always read more on these comments on a story. Dont go anywhere yet though because now. I am sure this is the kaiser report where were you september 3rd 2009 thats a question theyll be asking kids grandkids for years to come that was the 1st episode of the kaiser report yes 10 years ago today because the report began broadcasting all over the world under the countrys billions of people. 10 years ago this month indeed we started here in paris so while were here in paris i wanted to record the special there are some controversies about when the 1st episode actually aired of course because of a you tube and how they upload and date things but nevertheless i want to you know look back a little bit what we experience here in paris at the beginning of our journey of kaiser report 10 years ago and what i realized looking back and anybody could do that because its all on you to go report episode one episode to episode 3 episode 4 just watch those 1st episodes im going to look
And change is going to be great but lets turn back to the video interview from episode one with Danny Schechter where you go further into this plunder in your opinion what caused the economic calamity well i see a trend over a year is 1st of all of a small elite dominating our economy and dominating Decision Making financialization you know of the economy itself so that a credit and loan complex began to dominate the same way that a military Industrial Complex dominated an earlier times but then these people began to create a criminal scheme which hasnt really been acknowledged as such based on massive predatory mortgage fraud securitization and the misrepresentation of the value of socalled mortgage bundles of various kind that was sold around the world based on phony ratings and then insurance schemes that enabled them to leverage on the basis of all of the. And make a fortune putting millions of families at risk and as we see now 14000000 families facing foreclosure so all of this w
A fine center i now think of that as a. No its time to make the case for why the financial crisis is a crime story and im not the only one who sees it this way. Nomi prins was a managing partner of bear stearns and Goldman Sachs this is the most expensive take out the biggest cry. In World History were talking about a crime we cant even quantify were talking double digit trillions of dollars yeah yeah trillions and trillions you know way at the very beginning were pointing fingers at easy money and the Central Banks as papering big crime wave and that was next clip by me brains when i become a regular on kaiser report written many books on the subject and Danny Schechter this whole approach talking about really plunder the crime of our time and best. Also bet on recurring theme for 10 years only got worse or saying now 10 years later kind of the end game as a negative Interest Rate for example would be an extension of what was the seed sown at the time of extraordinary overreach by Cen
A managing partner of bear stearns and Goldman Sachs this is the most expensive take out the biggest crime in World History were talking about a crime we cant even quantify were talking double digit trillions of dollars a lot yeah yeah trillions and trillions you know we at the very beginning were pointing fingers at easy money and the Central Banks as papering they crime wave and that was the next clip by me brains of when i become a regular on kaiser report written many books on the subject and Danny Schechter this whole approach talking about really plunder the crime of our time and thats also better recurring theme for 10 years it only got worse and were seeing now 10 years later kind of the end game as we negative Interest Rates for example would be an extension of what was the seed stone at that time of extraordinary overreach by Central Banks the theme of plunder is important. Because again it ties to france and all of our work is said when plunder it happens at the top it start