Transcripts For ALJAZAM News 20140821 : vimarsana.com

ALJAZAM News August 21, 2014

America is to pay 17 billion over its part in the 2008 financial crunch. Hello. In the past few hours, hamas military wing confirmed it fired a rocket toward telaviv airport. 26 people have been killed in gaza overnight. Hamas said three of its commanders are among the dead. We have more from rafah. This is in the sights of the gaza strip in rafah, struck close to 1 00 a. M. Local time on thursday morning. You can see that the entire building has been absolutely destroyed. The neighborhood has been very much so affected with homes that are pretty much uninhabitable surrounding this collapsed building. Locals heard six explosions in the early hours of thursday morning, whenever israeli airplanes hit the site, as well as the three hamas commanders killed, we know seven civilians were also killed, believed to be in this building at the time. This is going to be a significant achievement for the israelis from their perspective. They will be able to tell this to the public to be able to say that so far they ever something to show for this war. Up until now, we havent heard, nothing is made public about senior hamas commanders having been killed. These were three men that the israelis had tried to kill before and made several thats on their lives. That was Jane Ferguson reporting from gaza from the scene of that israeli air site. That air strike that jane was talking about that killed the three hamas commanders is after the targeted when they tried to kill a military commander. Is this backtoback targeting a different strategy Going Forward on behalf of the israelis . Yes. The israeli leadership both political and military appears to have decided that the tactics up until now, the kind of strategy that we saw through the hostilities up until this stage wasnt achieving the desired results and that despite weeks of bombardment and killing, more than 2,000 palestinians, at the moment, israeli had not succeeded in significantly degrading, reducing hamas ability to strike at targets both close to the gaza strip and deeper into israel. It was decided to move to this new strategy of targeted assassinations, aiming to kill, to remove some of the key Leaders Within the hamas leadership structure. To do that, obviously, the israelis depend on air surveillance, the kind of satellite imagery and the imagery gathered by drones that fly over the gaza strip, but also require human intelligence, information from innormants on the ground and its significant that the israeli Prime Minister praise not only the military for these operations, but also the intelligence service. Its significant that hamas announced it has captured and executed a number of collaborates, clearly confirming there was human intelligence from the ground and obviously a clear warning from hamas to other palestinians not to give information to the israelis. The hamas military wing confirming that it did fire rockets towards telaviv airport. Do we know where it landed, what happened there and what impact is that having on israel . It wasnt landing at the doorstep, if you like, but its clear that thats the rocket the hamas military wing was talking about. It landed on waste ground and didnt do damage. Anything that threatens the smooth normal operation of israels Main International airport is a big cause for concern. We remember just a few weeks ago that a rocket landing at the airport was sufficient to close the airport down for 24 hours. International commercial airlines canceled flights. Clearly that has a big psychological effect on israel and economic effect, as well with that detouring tourists and Business Travel to the country. The fact that hamas is announcing that its targeting the airport is in itself something that will have an effect on the israelis at least psychologically and possible economically. Talks a exiled leader on the conflict in gaza to send more aid to the palestinians. Qatar has been acting as a mediator and donated more than 500 million in humanitarian aid to the palestinians. You can get more on our website at aljazeera. Com. The United States has revealed it sent special forces on a secret mission to syria earlier this year to free hostages, including the murdered journalist james foley. They were not found at the location they searched. Leaders around the world condemned the Islamic State group for beheading freeajstaff. James foleys painful death, which we will not show, was posted on line as a warning message to the United States, get out of iraq. We now know president barack obama took measures to save him, sending special forces into syria, because they thought they knew the location of the american hostages. Former c. I. A. Official said they must have had strong intelligence for the president to order the mission. The chances of you getting helicopter or two or more of americans in a situation would be very, very difficult if not impossible to extract them would give people a lot of pause. Using unnamed ground and air efforts. Special forces went into a remote location. The hostages were not there. It was a firefight. Several Islamic State Group Fighters were killed, one american slightly injured. The announcement came hours after the family was asked if the u. S. Did enough to save him. All im saying is what weve been doing to date has not been enough. It wasnt enough. Two other american journalists are missing in syria. We know one is held by the Islamic State group. They have threatened to kill him if the u. S. Does not stop bombing. The United States of america will continue to do what we must do to protect our people. We will be vigilant and we will be relentless. When people harm americans anywhere, we do whats necessary to see that justice is done. U. S. Officials are not ruling out going in after the people responsible for foleys death, if they can find them, but right now, the focus is on finding the other missing americans before they immediate the same fate. Aljazeera, washington. Hume rights group of claiming genocide of yazidis, men rounded up and slain near sinjar. We have reports from the kurdish region in iraq where thousands of yazidis remain stranded with nowhere to go. These were meant at luxury amounts. You can still see there was construction going on when people moved in here. Its not a place you would choose ever to live or stay, but these people had nowhere else to go. A lot of them came from sinjar mountain. They spent days without food or water and made their way down into syria and again into northern iraq. There are 5,000 people in this apartment complex, but in the small city, there are almost 200,000. Its been a traditional route for refugees and displaced people. You can see theres only bare walls and not even much of a bare wall at that. A lot of holes in the ceilings. Theyve set up some electricity lines and if you look over there, you can see that its just these clay blocks. People have tried to block off areas and turn it into some kind of home. The problem is its not home, because all of their relatives are not here. In almost every one of these buildings, there are rooms full of families who are missing relatives, fill on sinjar, either killed by Islamic State fighters or a lot of women and children have been taken away. It is absolutely miserable here. The government said its overwhelmed. There are more displaced people than actual residents in the northern provinces. The u. N. And other agencies havent really been able to do much. There have been so many people, and when you ask them what they want, they say they want to be back with their families, want to find out whats happened to them but most of all want to leave iraq. When the gunman came last friday, they ordered all the men to the school yard. Easy the only one of his immediate family to survive. These men are also the remaining men of their families. They put us in the back of two vehicles, 12 or 13 of us in each. We were taken behind the village, where we could see bodies that had been shot before us. They lined us up and i managed to run away. They shot me and i was hit in my leg. In a town of about 1800, only 200 survived. These two also survived the massacre. He is adjusted 13 and the only surviving member of his family. Five of my brothers were killed, and i saw my father killed. When i saw all the armed people shooting, i hid under a pile of bodies and pretended i was dead. Everyone here has been touched by tragedy. They are all from sinjar. Almost everyone was on sinjar mountain. They walked down into syria and back into iraq again, but theyre journey isnt over. On the mountain, people were hungry and thirsty and didnt know what would happen to them. They still dont. This is the new sinjar mountain. Thousands of people are stranded here. After what happened in their villages, they say they can never go home again. Its not just the massacres, its the death of an entire way of life. 5,000 people are crammed into this construction site near the border of the kurdish region and turkey. Many of them say men from the surrounding arab villages supported the Islamic State group and were involved in the kidnappings and killings. For more than a thousand years, the yazidis ever practiced their religion and kept to themselves. They thought it would keep them safe. They were wrong. Aljazeera, northern iraq. Tune nearby is that and egypt canceled flights to libya following weeks of fighting in the country. Rocket fire struck an off a fluent area of tripoli following airstrikes there. Unidentified war planes attacked rebel held positions close to the capitals airport. This comes as the Libyan Government said unidentified war planes attacked rebelheld positions close to the airport on monday, as were reporting and the rival rebel groups have been fighting for control of the capitol. Still to come on the aljazeera news hour, from coup leader to Prime Minister. The general takes the reins of government. Under lockdown, Security Forces in lie bear i cant cut off a shanty town to prevent the outbreak of ebola. In sport, by tenniss world number one has something to sing about ahead of the years final grand slam. Details later in the program. Crossing over to the United States, right now for a live event, the bank of america settlements going on right now. Lets listen in. To hold accountable those whos actions threaten the integrity of our Financial Markets and undermine the stat of our economy. The department of justice has reached an agreement with the bank of america totaling 16. 6 billion in penalties and consumer relief. This constitutes the largest civil settlement with a single entity in history, addressing conduct uncovered in more than a dozen cases and investigations. It addresses allegations that bank of america, merle lunch and countrywide each engaged in pervasive schemes to defraud Financial Institutions and other investors in structured Financial Products known as Mortgage Backed securities or r. M. B. S. Bank of america has acknowledged that in the years leading up to the financial crisis that devastated our economy in 2008, it, Merrill Lynch and countrywide sold billions of dollars of rmbs backed by toxic loans, whos quality and level of risk they knowingly misrepresented to investors and to United States government. These loans contained material underwriting defects. They were secured by properties with inflated appraisals. They failed to comply with federal, state and local laws and they were insufficiently collateralized, yet these Financial Institutions knowingly and fraudulently marked and sold those loans add sound and reliable investments. Were still on multiple occasions when confronted with concerns about their reckless practices, bankers at these institutions continued to ms. Lead investors about their own standards and to securitize loans with legal defects. Under the terms, the bank has agreed to pay 7 billion in relief to struggling homeowners, borrowers and communities affected by the banks conduct. This is appropriate, given the size and the scope of the wrongdoing at issue. Now, unfortunately, because congress has failed to extend the law ensure that go most of this relief would not be taxable income, this debt relief will create Tax Liability for many consumers. Thats why the department secured a commitment from bank of america to pay a portion of the settlement over 490 million to defray some of this Tax Liability. Our settlement requires the bank to notified all consumers of this potential Tax Liability, but thats not enough. Today i call upon congress to extend the tax relief coverage of the mortgage debt relief act of 2007. Until congress acts, the hundreds of thousands of consumers we have sought to help through our settlements with j. P. Morgan chase, citigroup, and now bank of america may see a significant tax bill, just as they are beginning to see the light at the end of a dark financial tunnel. I want to be very clear. The size and the scope of this multibillion dollar agreement goes far beyond doing business. This does not preclude criminal charges against the bank or employees. Nor was it inevitable over the past weeks that this case would be resolved out of court. I want to thank associate attorney west for his leadership in helping to attain the agreement today commensurate with the conduct at issue. I want to recognize each of the United States attorneys and state attorney generals who have come together to make this settlement a reality. This is the latest example of the important work that the president s Financial Fraud Enforcement Task force is making possible. This agreement complimented the actions of the Task Force Working groups, including the securitys fraud group, members which played key roles in advancing this case. Ive been honored to chair this task force since its inception in 2009 and thank the Task Force Members who contributed to the outcome and continuing to advance a range of open matters both civil and criminal across the country. At this time, id like to turn the podium over to the associated attorney general who will provide Additional Details on todays announcement. Thank you, mr. Attorney general. I thank you all for being here today. All right, so you were just listening to eric holder, the u. S. Attorney general who is just announcing that the total dollar value off the settlement against bank of america is a mere 17 billion, its in fact 16. 65 billion. Forbes lists the bank of america as the Second Largest Bank in the u. S. And another large settlement was made by j. P. Morgan chase, the top spot on american banks. The Company Greed to pay 13 billion and citigroup agreed to pay 7 billion. None of the banks admitted to any wrongdoing. Thats a round up of the other banks that have had to pay out. We are joined live from washington, d. C. , first to talk about specifically about the bank of america and that announcement just made that the bank reached a 16. 65 billion settlement with u. S. Regulators to settle the charges. It was exspecked, wasnt it . Well, it was expected, but it was only as the result of very tough negotiations reportedly bank of america initially offered only 3 billion, and the government, holder personally taking charge of the face of the personal negotiations insisted that the bank was liable for more than that. The bank had con tended that they basically were the toxic loans, the mortgagebacked securities that were based on toxic loans were really the fault of the two companies that they acquired during the corporate the financial meltdown of 2008, 2009. Countrywide and Merrill Lynch. The government countered and said they were still profiting from it. Bank of america, even though its last quarterly statement showed a 43 drop in profits, it is still a highly Profitable Bank and expected to announce an increase in its dividend to its stock holders in one of the main reasons to make sure that its stock price doesnt go down and people dont lose confidence in bank of america. Is this the sort of final low, if i can put it that way, tom, for bank of america, when it comes to these risky assets and mortgage troubled mortgagebacked securities . Well, it hopes so. All told, its expected that together with this 16. 6 billion settlement with the government, it will have spent 80 billion to deal with all of its legal woes on the ground he owing from the mortgage cries, and it is the one thing that it has avoided is any kinds of criminal indictments against officials and executives or former executives. The one man who had been in the governments sights, gun sights, you might say was the head of the c. E. O. Of countrywide, one of the banks that it acquired, and he, himself has paid personally Something Like 50 million, but its expected that an announcement will be made of an indictment against him, a civil suit against him, but this would not involve him going to jail. That is expected separately sometime perhaps as early as today. All right, tom, thank you. Tom ackermann reporting from washington for us. The death toll from land slides in japan is 39. Rescuers have been looking for 51 people sometime missing. Wednesday, a series of mud slides crushed dozens of houses, burying residents. The area received a months worth of rain in just 24 hours. Lets find out if that rain is going to continue in japan. We bring in steph. It does look like its going to be wet again in japan, elsewhere, there is slightly better news. The satellite picture, this area of clouds affecting japan and china, south korea gave many of us heavy downpours. It wasnt only japan that had problem from that rain. Ive got pictures from eastern china showing the flooding situation here. You can see structur

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