Against the Muslim Brotherhood. Protesters in the streets blocking key intersections. I dont agree with the Muslim Brotherhood, i would vote against them with great fervor. I would vote against them, not shoot them. The streets were left chaotic. There is a dusktodawn curfew in place. Earlier violence erupted when the military used force to clear out two areas. They used armor and tear gas. The crowd fought back with rocks. A reporter from Al Jazeera English was there. There was smoke likely where they try to confuse the helicopters that are circling above. Morsi supporters have staged demonstrations since he was removed from power last month. Today this man said over our dead bodies we will not leave. The violence prompted interim president mohamme mohammed el re to resign. Secretary of state john kerry condemned the violence. Todays events are deplorable. And they counter to egyptian peace, inclusion and genuine democracy. Cenk yes, i agree with former senator now secretary of state john kerry on that. I dont think it was needed, obviously, and im sure that some egyptians will say its easy for us to say in a from all the way over here. But as we saw in a previous demonstrations, some of the bullets were fired from helicopters and there is no need to shoot at people from helicopters. Im going bring i in the whole panel now. Two great guests on satellite. Colonel morris davis, and gitmo chief prosecutor in 2007. And david ka David Cay Johnstonr of how fine print how Big Companies use plain english to rob you blind. We have an egyptian correspondent noreen moustafa. I know youre not a fan of the Muslim Brotherhood. I dont want to put words in your mouth, but thats the sense that i get from all the different shows weve done together. How much frustration was there over what the Muslim Brotherhood was doing, what were they doing, and what did you think about the response. They have been in cairo since morsi was ousted. There were people in the neighborhood complaining they had a lot of weaponry, and they had really built up their encampments as if they were ready for war. There is no way to look at this with a heavy heart and think this is a huge step back. So even though i am no fan of the brotherhood and they are governing, i was very disheartened to see this happen today. Cenk so a couple of things here. Some that are against the brotherhood on social media say, you dont understand because they were committing violent acts. Is there truth to that . There is truth to that. Its counterproductive mudslinging, you shot this person. No, you did this and you use children as human shields. There is monstrosity on either side. We need to see that a political solution was possible, and to find out that the interim government did this crackdown any way is really sad. Cenk colonel davis, my sense is that the strong is supposed to protect the weak and the government is supposed to show restraint begins its own citizens, obviously. Does it seemed like the government acted far too harshly in this case against the Muslim Brotherhood . There is a real dispute over who is the legitimate government. Morsi was elected in what was supposed free and fair elections. Then we have this issue of what took place was a military coup or not. I think there are questions over what is the government of egypt. Even with our engagement in egypt. General al sisi is a graduate from the war, so you would think that the u. S. Would have influence in the region. Chuck hagel has been in contact with general al sisi not to do this, and did he it any way. I think its a test to find solution to this. Cenk what im concerned about is the outright violence, 149 killed. In an earlier set of protests dozens were killed as well. There were clear shooting to kill from the military based on how the bullets hit the bodies based from the doctors on an earlier protest. What precedence does this set . If the military do this to the Muslim Brotherhood could they do this to other protesters . Sure they can. You have to think about the history of egypt. For 800 years egypt was the intellectual capitol of islam. And then armies moved in. A substantial population simply do not want to live an islamist culture. They want to have a secular government. There are going to be a variety of position on this. What was the intelligence that the military had that brought death to twice the number that you mentioned. What is it that led them to think that this was the appropriate response . They turned off a lot of people. The Muslim Brotherhood is the minority, but morsi got a little over 50 of the vote. That put him in office. Cenk noreen, let me turn to you as our correspondent here. You really are more intimately connected to what is happening on the ground. I start to worry about the prospect of civil war. Yes, the morsi protests held up a rifle and said this is our egyptian army. Not a lot of them are armed. Then you have the army, and look, the Muslim Brotherhood was not wellknown for their restraint in the past. Now theyve got every right to be angry. Im afraid of what form that anger will take . There were 16 churches burned across egypt today, including one that had fourth century relics. Cenk everyone always picks on whoever is weaker. And one of the reasons not to go to strife and violence is people take their prejudices and multiply them by ten. If i cant hit back at the military, im been to inflame my prejudices and in this case its the christians. The perception of who is right and who is wrong in terms of our view of egypt, some call it coup because of military aid issues or because of the elections and democratic elected leader. No matter what happens its a different reality for people who live there. Egyptian think, do we buy into who is elected or who is doing right or wrong. I think its safe from here. I think the situation has devolved completely. I thought we were choosing between secretar secularism and, and now the secularism has been pushed aside. Those are the people who started the revolution in the first place. Cenk were in this conundrum a that its good to starting democracy in this case literally a revolution, etc. But when things get afoot violence takes over and liberals dont do violence, and right wing almost always wins. Lets show who is happening at the medical center. An independent journalist took pictures there and some video. Its obviously stark imageses a little warning. As david mentioned a lot more people are hurt than the initial reports let on. I remember in the morning i saw dozens, then 150, and now it may be larger than that. Colonel davis, what can you do . If youre liberal in egypt, and you have rifles and theyre shooting from helicopters, ho hw do you win in that situation . Deputy secretary of state burns, the e. U. And others in the region have been working around the clock trying to find a peaceful solution to this. It appears both sides were making progress, and it was heading towards some kind of a sit down and talk and try to resolve this before the violence flared up today. But i know there are a lot of people who are disappointed that general al sisi chose this step, and its just hard to see a goodougoodoutcome from this adve point today. Well, egypt has been a police state as well as a secular state. There are several people who dont like the Muslim Brotherhood nor the police state tactics, they speak softly and quietly because they dont know who is an agent for the government. That is not good for the military. Cenk i dont know who its good for. I was going to ask you the last question, noreen, in terms of of that if the Muslim Brotherhood was committing violence, that it would have been a proportional response. Can we all agree that this response was clearly disproportionate. Thats one of the ways back to legitimacy, for the government to identify themselves, who is favor of this crackdown. Who wasnt, get yourself on the record, and then take it to the courts for these Church Burnings and murders. We have to see return to law and legitimacy as soon as possible because its chaos. Cenk yes, noreen moustafa, thank you so much for joining us. The best egyptian correspondent in the business. All right, now when we come back good news, a couple of jpmorgan bankers, criminal charges, will you look at that well give you the details when we return. vo first, news and analysis with a washington perspective from an emmy winning insider. I know this stuff, and i love it. vo followed by humor and politics with a west coast edge. Bill press and stephanie miller. What a way to start the day. This show is about analyzing, criticizing, and holding policy to the fire. Are you encouraged by what you heard the president say the other night . Is this personal, or is it political . A lot of my work happens by doing the things that im given to doing anyway, by staying in touch with everything that is going on politically and putting my own nuance on it. In reality its not like they actually care. This is purely about political grandstanding. Ive worn lots of hats, but ive always kept this going. Ive been doing politics now for a dozen years. vo hes been called the epic politics man. Hes Michael Shure and his arena is the war room. These republicans in congress that think the world ends at the Atlantic Ocean border and Pacific Ocean border. The bloggers and the people that book book people as well. Not only does senator rubio just care about rich people, but somehow he thinks raising the minimum wage is a bad idea for the middle class. But we do care about them right . [ music ] cenk were back on the young turks. Down goes jpmorgan, no, lets not get excited. But there are two members of jpmorgan who are facing criminal charges, which in america is shocking news. Wow, bankers chargedded with fraud and conspiracy. They did not get ina drew, who is the head of the chief investment office, and the people who the government claims was tampering with trades. If you remember there was 6. 2 billion in losses because of what they called the london n whale in jpmorgan. How about the ceo, jamie diamond. Dont be redic ridiculous, he we charged. Two guys will face charges, and what are thos those . Conspires, falsifying wire fraud and youll get to that in a second. But carl levin, and this is what he had to say about it at the time. The risk and disregarded risk limits and manipulated risk models, dodged oversight and misinformed the public. Cenk that seems pretty bad. Lets bring David Cay Johnston if whoa is an expert on this and covers this area. What do you think about the charges, and are they appropriate for what you think about this case . Theyre very troubling. Heres what happened. The trader in the center made a good record to protect himself. So they went after the person one step below and one step above him. But the report in the new york sometimes this morning has a very pregnant observation. It questions the upper level trader, the overseeing trader as saying that they were not to follow the rules as expected. And when the guy who isnt being charged, bruno iksil, when he said, what are you saying . That was orders of management, Senior Management from new york. Thats the big question all along. How far did the knowledge go. If you remember when the story was leaked in 2009 it was not believable. The claim was a hedge designed to reduce risk had morphed almost magically into a safe bet. Just not at all credible. The question that congress didnt ask in the hearings, well, how were the traders compensated. Did they get the most money if they reduced risk or did they get the most money if they made the most profit. We now know the answer to that. Why are they not going higher up. Where did these orders come from to not follow the rules. Cenk lets talk about that. Thats very important. Jamie dimon always makes the case, if banks are bigger then its always better because we can use it for power against other banks as if it matters if a bank is american or not, right . He said no, we can control risks so there wont be any problems. Doesnt jamie dimon have to do one of two things . Either we cant control the risk because i dont even know what is going on inside my company. I could lose 6 million and not realize it, or i am in charge of decision making, in which case he should be charged himself. Jamie dimon has this legendary position with the media because of how they treat reporters. They control very carefully what he is asked and what he says. I have been told he does not use email. He has expressed utter disregard to what the law has to say. Having too big to fail banks doesnt mean you have marketable economics. If banks should have trouble, if its serious enough trouble, they should fail. Were talking about a government system of propping up companies. Something that were always criticizing the Chinese Companies for doing, propping up companies that should be allowed to fail. Were just as corrupt as they are in that. From an outsiders point of view, it seems like its a way to equal the pressure or t, if s the case what reason would the Justice Department have to do that . No, i think the government needs to show its done something. The general practice of the Justice Department is to go after the easy cases, the lowhanging fruit. Thats what theyve done here. It turns out the key trader was smart enough to know that this was going on to cover his tail with spread sheets, memos, documents so that he was able to negotiate a nonprosecution agreement. There is a larger problem here. The Justice Department keeps focusing on the manipulations of the hedge funds. Theyve had several high profile cases. They ignored the elephant in the room, and that is thes the frau. And now the statute of limitations has run out. Its generally a fiveyear statute of limitations, and they didnt do that. There is a guy who knows how to do this, bill black, he saw to it that there were 3,000 felony convictions in the savings and loans scandal and several high level insiders, but the white house wont talk to him. And when he was supposed to testify before washington, he flew to washington and they would not let him appear. No one wants to listen to bill black. He would have said, heres what you should have done. And too big to fail banks would have been pushed to become competitive businesses. There was another guy who knew about fraud on wall street, that was eliot spitzer. Conveniently his bank found transactions and he was eliminated from the equation. Its unclear when the authorities will seek to arrest these guys. One of them is vacationing somewhere where we dont know, he said, ill come back when i feel like it. Another has gone on to france, and france said they wont extradite. As i was reading that, isnt that an interesting juxtaposition to edward snowden. My god, the president of libya cannot fly over our air space if they have snowden on board. On the other hand if youve done billions of dollars worth of fraud, who cares, we wont turn you in. Its one of those cases where were big fans of extradition when its in our favor. With snowden its been a big deal of late. Weve had the 24 c. I. A. Agents and air force officers of the italian courts convicted. You havand were always happy to extradite going this way but not so keen when its going the other way. I guess its better that something than nothing, but it seems like a lot of these government cases force the guys at the bottom of the pyramid, and these traders were handsomely compensated, but it never gets to the tip of the pyramid where accountability ought to be. They should go after the bottom layer of the pyramid first and then go up after them. Cenk david one last question to you regarding what colonel davis just said. Is there any chance of getting all the money that these traders made for all these years while they were taking these wild risks . Of course, when the risks go well they get compensated. Can we get any of that back . I think jpmorgan has taken from the people not named to be indicted has taken back some of their compensation. I dont think the government has a case here as a party of interest, and i agree with the colonel. What we should be seeing is leveraging these two to get people higher up. The way this came out suggests to me that is not their focus. Cenk where we could have had claw back is the First Financial crisis that was much, much larger, and we didnt do anything there, and the statute of limitations is running out as we speak. A tiny step forward today. It is good news, and we wish they would do a lot more. Now when we come back there is an emotional story about a dog that was shot by the police here out in los angeles area. And its gone viral, and everyone was talking about this case. Well, turns out there is some justice. But its actually against someone you might not expect. Well explain when we return. If you believe in states rights but still support the drug war you must be high. The issues of the day. Do you think there is any chance well ever hear the president even say the word carbon tax . With an opened mind. Has the time finally come for real Immigration Reform . And a distinctly satirical point of view. But you mentioned great leadership so i want to talk about donald rumsfeld. laughter cutting throught the clutter of todays top stories. This is the savior of the Republican Party . I mean really . With a unique perspective. Teddy rosevelt was a weak asmatic kid who never played sports until he was a grown up. laughter . And lots of fancy buz words. Family values, speding, liberty, economic freedom, hardworking moms, crushing debt, cute little puppies. If Wayne Lapierre can make up stuff that sounds logical while making no sense. Hey, so can i. Once again friends, this is live tv and sometimes these things happen. Watch the show. Only on current tv. [ theme music ] cenk all right, were back on the young turks. We have our great panel. Colonel morris davis, David Cay Johnston, and Ana Kasparian is with us on this topic. Shes an expert on this topic. She covered it on our online show. Oh right, you can watch our online show even after this show goes away. Any time you want to see what is in the news, go to y