All your latest global news updates life from r t h q in moscow. Im max kaiser this is the kaiser report we are in rehearsal for cars report the musical. Got the congas we got the guitars i got the band i got the drummers write the song Stephen Sondheim i was going to fail or not hes ill but 1 weve got some major folks involved in this project going to hit broadway oh man im excited stacy i want to talk about its a good story that relates to your congress because of course you need the congress for a you know war to beat the war drums of war exactly because what is the old saying on wall street dont fight the fed. I feel the 1st song of our musical comedy go theyre. Fun to fit. Well many of our guests theyre called heterodox economists or heterodox financial analysts because they often fight the fed but my question were going to look at these headlines and my observations of some of these charts over the past decades or 2 is. What came 1st the chicken or the fed so is it the fed drivin
Something like that you were rewarded for it rather than punished and thats what you have now is like any time theres bad news 1st of course you know gold spikes market selloff for literally a minute or 2 and then they soar quickly when they realize oh wait what am i doing im thinking like the olden days before Alan Greenspan before there was the fed fighting the investor speculator class so now they they whatever every time theres bad news is always when markets soar the most right well dont forget eric holder tim geithner member in 2008 they came out with the holder doctrine so about moral hazard they institutionalized moral hazard they said every time you banks commit fraud every time jamie diamond commit fraud we are going to cut those laws out of the books were going to eliminate laws against financial fraud whenever you commit fraud oh by the way. Jamie diamond by citibank or Travelers Corp of violates class stable oh well well just get rid of glass steagall to accommodate jimmy
Them individually. The first, january 23, are there any additions or corrections to the minutes . Move approval. Second. Any Public Comment on the minutes of 23 of january . Hearing none, all those in favor . Aye. Opposed. The motion carries. Secondly, the january 28 minutes of the regular meeting. Are there any additions or corrections . Second. Public comment on the minutes of january 28. All in favour . Aye. Opposed . The motion carries. Lastly, the minutes of january 30, which was the special Budget Hearing number four. Any additions or corrections . Move to approve. Second. Public comment on the minutes of january 30. All in favour . Aye. Opposed. The motion carries. Next item, please. Item 4 is general Public Comment. Members of the public may address the commission on matters that are within the commissions jurisdiction and are not on todays agenda. President caen so i have two speaker cards in front of me. The first mr. Pecasa. Commissioners, my name is francisco de kosta. One
The Youth Commission. We have to give them credit with this and mix this with matt hainey. This city should be ashamed of themselves, that the fbi, a federal agency had to come in and teach all of us, all of us that we have to checks and balances. And so we have a Sunshine Task force that totally doesnt work. The Ethics Commission totally doesnt work and the Controllers Office has a gun to their head with people telling him what to do and what not to do. Since 2014, i wont do the research and tell you the City Attorney hasnt been doing their job and so, corruption in this city and county of San Francisco has reached a saturation point, where millions and millions and millions of dollars are wasted. And you know, when the Youth Commission needs Something Like a couple of thousand dollars oh, you know, this and you know that. They should have, like, a Million Dollars. You are the future. We need the money. Without the money, you cant have the honey. So im saying you all dont do Due Dilig
Reports next to an international. Im max kaiser this is the kaiser report we are in rehearsal for cars report the musical. Got the congas we got the guitars i got the band i got the drummers write the song Stephen Sondheim i was going to have album out hes ill but 1 weve got some major folks involved in this project going to hit broadway oh man im excited stacy i want to talk about its a good story that relates to your congress because of course you need the congress for a you know war to beat the war drums of war exactly because what is the old saying on wall street dont fight the fed. I feel the 1st song of our musical comedy go there. To fit. Well many of our guests theyre called heterodox economists are heterodox financial analysts because they often fight the fed but my question were going to look at these headlines and my observations of some of these charts over the past decades or 2 is. What came 1st the chicken or the fed so is it the fed driving markets or is it panicked inve