Gives an initial toll from on monday for the deployment of troops to libya which it gives the president the freedom to decide the scope size and timing of the deployment debate on the motion was highly divisive. All repair cashier for you your biggest successes using the refugees is a threat to europe now you negotiating with that because youve nothing else now its time for libya turkey is stuck in the Eastern Mediterranean youve made serious mistakes in your Foreign Policy and now you want to send soldiers to libya and this is your last desperate attempt. Jan the sunni libya requested this military deployment from turkey it has historical and cultural bonds to turkey and we could not be silent following this call this is not the 1st request and it has been done before during the hit a debate on the motion opposition parliamentarians of course from the guests turkey rushing into what they called the marquis quagmire that the civil war in libya is they said the country is yet to recover from its military intervention in neighboring syria but there are voices of dissent walked quickly drummed by the vaulting power in parliament of the ruling party and its affiliate the emirate. The tech is government assists it was a moral responsibility to aid the un to cognize the government indeed against forces aligned with warlord holly for half that but they are interest at stake too beneath president i dont smell its recall petition agreement with libya analysts say is a desire to position tekkie to explore for oil and gas in the Eastern Mediterranean off the coast of cyprus in competition with greece cyprus egypt and israel. I dissent agreement on this published month of an exclusive Economic Zone in cyprus on a pipeline to transport natural gas to europe by other mediterranean nations has isolated. Us hond has since been strengthened by the military cooperation deal on a separate one of the maritime Boundary Agreement it signed with libya which gives tekkie greater influence in the Eastern Mediterranean sea but that drew on got from across the region and beyond moments after the bill was passed egypt condemned techies libya plan saying it could destabilize the region and called on the International Community to respond on a list high about redoubles targets in the position of critics of the turkish plan why they were not alarmed when. Gen job militia from of darfur. Were in white it 2 from libya by half their groups why they were not alarmed by russian wagnerian mercenaries their duty techie is sists its on the right side of history and now seems set to send its troops to leave the. Unka. Australias Prime Minister has been shouted out by local residents as he visited areas hit by devastating bushfires in the east of the country Scott Morrison was called an idiot by people who said that had not been support for those who had lost their homes tens of thousands of residents and tourists evacuated parts of the state of New South Wales and victoria. 13 people now known to have died after indonesias capital jakarta was hit by heavy flooding tens of thousands of people are in emergency shelters off to monsoon rains pools rivers to bust the banks submerging nearly 200 neighborhoods around the city rainfall was the highest seen in more than 20 is and now before cars show that even more is on the way the man who stole the world is the program coming up next investigating voce involved in the financial crisis over a decade ago. The over the all. It was july 1st 2000. And was living in humber german at the time. I was in my flat with my wife that i had just married. 2 men came to the door. Of the not recognized did not answer the door. Minutes later i left the building walked to the car and 2 unidentified towards the Police Officers showed up in front of me and in german basically identified themselves and said they were there interpol f. B. I. A warrant come with us. That was not at all what he was expecting obviously he looked at his wife and blew her a kiss and it was pretty sure he would never see her again. Thats a feeling of total fear because you have the total unknown of what the future holds. So if it was taken on a plane to chicago. Which is where he had been criminally charged. And entered the United StatesJustice System which is a really scary place to be. Was facing charges of up scalding with 460000000. 00 from the f. B. I. For fraud. My name is Philip James Baker and im the former managing partner of the 1000000000. 00 vested fund collapsed during the financial crisis. My story is a rise and fall to redemption story. Ive been rich. Ive been on the top. Ive been behind bars. I know what it is to be called a financial criminal. My guilt. Free. And i want to speak out. Because of what i saw because ive been there. I can tell that if we do nothing. Everything can happen again. They had no consequence. The titans of wall street basically faced nothing. For my life i went to prison and. Some people would say well you know what you did wrong its fair its just. Argument could be i agree. But what about the people in the titans of wall street. The business started in the basement of my parents and this company grew to be a 1000000000. 00 company. It was. Set up a hedge fund designed to trade in commodities. Prices of oil coal things like that it was a market or it was the client. He was the one who would go out to wealthy individuals or institutions and get them put their money with. Clients for Global Investment banks from around the world Goldman Sachs bank of canada. H. S. B. C. Bank of nova scotia. U. B. S. We offer it in close to 40 Different Countries around the world brazil. Japan and hong kong obviously throughout europe. We were making millions per month. Off shore towns. I was living the dream. Werent worried about anything but in my particular instance i had something to worry about. All sorts of investors all over the world were very eager to put their money with him because he was generating very good returns and thats what investors want he turned out to be doing Something Else which was he was misappropriating the investors money and the investors thought they were achieving these excellent returns in reality they were not full baker and his partners were essentially making it up they were lie. The 2nd thing and in some ways the more damaging issue is that as they sought to recruit additional investors new investors which were essential because they needed to paper over the last the money that theyd already lost they were in their prospectuses in the documents they provided to investors to show investors how well theyd known they were lying there too when they were saying instead of having lost 50 percent of their assets in the 1st year they were saying oh look at us weve got this long track record of very impressive returns. They were lying not only about the returns but they were lying about the longevity of the fund so they were saying they had i believe a 14 year track record just wasnt true that they had not been trading for 14 years. Trading results were falsely reported and hence that was a fraud you can do that one penny not reported properly is wrong. The victims were everyone who invested with. Investors who lost their money initially investors to put their money in after the initial fraud occurred and so there were hundreds of millions of dollars that vanished as a result of this. Ive been asked why did i bring them on i wanted to protect what i had money family power everybody business. What do you mean how many people say no i dont want the power i dont want the money. And walk away. Were you says that you are right could of women were this were. Very interesting when you see your name. Philip james baker versus the United States of america. Its overwhelming. Then you face the assistant u. S. Attorney as hes looking you in the eye and when you go through that circumstance there are no words that really can describe the depths of the loneliness and feel of the moment. Ultimately. Completed a plea deal with the United States government. I was sentenced to 20 years. For wire fraud. Bill because a criminal is he the type of financial mastermind that caused the financial crisis absolutely not this is a guy who is was not very sophisticated about his crime was not very. Malicious about his crime and but he admitted that he committed a crime this is a classic example of where the Justice Department its a shortcut they want to generate publicity for themselves as going after financial corruption Everyone Wants them to do that. And yet time and time again the people that theyre going after are these little minnows theyre not going after the big fish theyre not going after the bankers for the most part theyre certainly not going after the Senior Executives at the banks or other big Financial Institutions that were the Decision Makers leading up to the financial crisis. 10 years after the financial crisis except iceland. How many white collar criminals are behind bars. From Credit Suisse is the only banker of wall street to go to jail related to the crisis. Just a few 1000000 not really big fish not a true. Only one big bank Top Executive name. The number of people convicted of crimes linked to the crisis in the u. S. According to the Financial Times 324 people from main street. Wall street chief executives have been to prison. Even though there is today absolutely no doubt that wall street executives and politicians were complicit in creating the crisis. This is the story of how massive global banks made billions. By packaging toxic Mortgage Loans and Financial Products and sold them all around the world. The american politicians pulled the trigger. It all started with a political philosophical or a grand admission of allowing everyone to own a home. Our government is supporting homeownership. Because it is good for america. It is good for families. It is good for our economy. Part of the American Dream that was pushed by you know also. Its of president s clinton bush whatever for years was homeownership. Authorities kept Interest Rates very low in order to make money. There used to bore. Wall street and politicians had agreed to work together. Wall street with the pursuit of profits. The politicians with the pursuit of government interference on economic growth. Which could be turned into election victories for years to come. This was the beginning of the housing bubble. When the bubbles expanding everybody is aware. Everybody is a genius. The lenders banks money the Real Estate DevelopmentCompanies Make money the construction workers make money Everybody Loves a bubble. But this was a devils deal between politicians and wall street. The setting to a perfect storm. Of what happens in a booth is lenders take more and more risk and borrowers take or more risk because they both think things are safer than they appear to be and one of the ways they persuade themselves. To take more risk is through financial innovations. Wall street created the risky loans called subprime to americans. Who could you afford to pay the bank loans. That they had just applied for. The public were given access to 0 low income and even no job. So if you wanted to absolute craziness it would be the ninja loan so ninja stands for no income no job and no assets and. The idea is that you would lend money to people that gave you no information about whether they had any income with the at. The assets. It will allow you to grow enormously because now you can loan in the us context 2 ands of millions of people. Able or. How many people out there are there who cant. Get alone. Tens of millions of people in the United States tens of millions of people in france in these circumstances. This goes under the general category of predation in the United States the people that were targeted for the worst loans were overwhelmingly a combination of the 4 demographic factors blacks latinos the elderly and females that is incredibly and so why almost everywhere in the world these things are crimes. d these talks of loans became a gold rush for the whole u. S. Banking financial industry. All the major actors of wall street want a piece of a song crime part of. Goldman sachs Lehman Brothers were going Stanley Merrill lynch theres turns j. P. Morgan citigroup and so on. The friends extended itself the loans were sought by the public by falsifying their own financial situation on loan applications. Therefore the public and banks were complicit committing bank fraud. My name is richard null and. I was in your. President and business chief underwriter for citigroup. At the time citi group was the largest bank if. It was my responsibility to make sure that the 90000000000. 00 a year that we were purchasing Mortgage Loans that were originally aided by other banks and Mortgage Companies these not our policy standards. In early 2006. I discovered that over 60 percent of these mortgages did not meet our guidelines they were by definition defective when i discovered this in this was june of 2006. Silly me i thought it was my job i started issuing warnings because i was supposed to make sure that these met our policy guidelines and i sent email i put it in my weekly report i made Committee Presentations i mean im not a shy guy i cornered people in the hallways at the water fountain and everyone say yeah yeah we we we know we need to fix that but nothing would happen and through 20062007 the volumes kept increasing and the rate of defective mortgages increased from 62. 00 in excess of 80 percent. It was 80 percent of these mortgages that we were in turn selling and giving our representations and warranties that they were they met our policy guidelines did not meet our policy guidelines is this is misrepresentation that is true as a matter of fact it was for all. Ive seen plenty of alone documents with my own eyes that were falsified and the borrower still signed them as if they were correct. People who were typically hairdressers gardeners and such reporting incomes of over 100000. 00 a year now their actual incomes would be in the range of about 16000. 00 in those cases their income is inflated by it 6 times. You would have waiters in a restaurant showing that they made 150000. 00 a year i mean that clearly is. It is out of line but nonetheless the loan type permitted them to happen. Richard bowen and his staff very carefully very professionally are documenting. That these loans their reps and warranties are false. But city is overwhelmingly turning around in reselling these loans. Citi group did nt want to know because if it looked at these places it couldnt possibly continue. To use them. It was all about generating the revenue. The people who worked on wall street conceived of the idea of securitizing mortgages. Packaging mortgages up into securities they actually arranged to buy the mortgages they would pack of them up into securities they would file documents with the Security Exchange commission that they had to be able to call them securities and then they would sell them to investors all around the world and all along the way they were making money was almost like it was a perfect product that anybody who touched a mortgage i made money off of it. November the 2nd of 2007 sitting at my kitchen table. I put together an email. And i simply emailed to Robert Reuben who the next day on sunday at the Board Meeting was named chairman of the board. I also sent it to the chief risk officer the chief Financial Officer in the chief ordered. I said urgent need immediately Financial Issues i put that in all capital letters. I called for an outside investigation i said come in here from the outside and investigate what is going on here because everybody here already knows and no one contacted. Throughout november through the summer there was no contact no one said it. Will tell you that that particular point in time. Before i would even get in my car. I was doing what they do in the books im just looking underneath my car and good luck. It was a very frightening time. Said you worry the 6th i received there was an email that went out with regard to reorganization. And in that reorganization i was stripped of all my underwriting responsibilities that next week i was put on in the news creatively and told him not to come back to the back. January on down to see the. President dont know trump is that that president in history to be impeached what does this mean for the future of the u. S. Leader on the brink of an election before my chilean president ial candidate explores the defeat of left wing Political Parties across much in america and look at how they see as well as Economic Forum to focus on ways to tackle the impact of Climate Change an explanation of family links to the citys regime examines if its early may now be embracing fascist ideologies most believed gone forever with the general election after the way breaks it is now set and how will the u. K. Proceed with the transition in the coming months january on al jazeera. More t