Welcome to front running 2021st max keiser and Stacy Herbert we look at all the candidates we look at the positions as we head into the big election today were going to take a deep dive into wall street reform stacie this is the defining issue of our time i believe since 20082009 the financial crisis the response to the financial crisis when barack obama came into office 7 he had a choice and he made i believe the wrong choice that has resulted in not only tromp but what were going to see in the 2020 alexion with us we have dr Michael Hudson and randy bowler now the 2 big items that we saw from the 2008 financial crisis with the top 2 i have here too big to fail too big to jail it was always the reality but it became front and center and nobody can disguise the fact that we now live and a 2 tier a con a me dr Michael Hudson should banks be too big to fail the problem isnt really just that theyre too big to fail theyre too big not to make all their owners billionaires the banks that wer
Captioning funded by cbs good morning from the studio 57 newsroom at cbs headquarters here in new york. Im annemarie green. This morning theres dramatic new video of the investigation of the deadly crash of a ukrainian jetliner in iran. Intelligence sources tells cbs news the plane was shot down by iran. Video obtained by the New York Times appears to show the moment the airliner was hit by a missile just minutes after takeoff from tehran on wednesday. All 176 people on board were killed. This morning an iranian official denied a missile hit the plane. Hes calling on the u. S. And canada to release information that supports the missile strike claim. The plane crash happened just hours after irans missiles attacked a u. S. Troops in iraq in retaliation for u. S. Drone strike on irans top general. Kris van cleave has new details on the crash investigation. Reporter startling new video camera captures the flight raining down. The plane had just been struck in midair by two iranian missile
Morning. With phase two talks with a president ial trip to beijing at some point to follow. That is how we end this year. Pretty much where we began it. With the markets up and trying to figure out what is going on between the u. S. And china. Deirdre bolton at the New York Stock Exchange with war things stand. Happy new year to you, deirdre. Blake, same to you. Happy new year to you too. On last day of trade for the year, a little bit muted on the dow. Even if there is no green on the screen at this particular moment this year has been a standout year, this decade has been standout. The dow is up 22 . S p 500 up close to 30 . The nasdaq has returned 35 . Apple by the way is the standout stock for the year and for the decade. It is the best performer, up 84 in the past 12 months. Analysts say apple services, wearables, especially airpods many people asked for christmas, still havent gotten because they were in high demand, boosting the companys profits certainly. Certainly boosting the
A journalist an investigative journalist to find these crimes you could have tuned into our show or matt there were a lot of great journalists writing about all the crimes that did happen but they didnt get punished you know andrew yang actually has a radical idea for dealing with this in the future and yang says that if he were to become president that he would pass the Public Protection against market abuse act and this would create mandatory minimum jail sentences for financial crimes and of course we know that it was Biden Clinton those sorts that passed those mandatory minimum sentences for crimes in the hood this would bring it down to wall street but also they would be mandatory minimum jail sentences for c. E. O. s and this is the radical part the largest individual domestic shareholders should shareholders be responsible for these crimes at these banks and i think wiping them out would be. And thats what happened to citibank all these bad the big banks were all basically bankr
Sufficient. And thats what would have happened to citibank all these but the big banks were all basically bankrupt citibank and bank of america. All of the big mortgage fraud banks had 0 net worth they had negative equity the shareholders should have been wiped out eric holder said what about the wives of the shareholders and the little kids they would have suffered and its worth sacrificing the whole economy its worth a depression for 10 years so that the wife of the shareholder in the little kid school wont suffer but they still have negative equity negative net worth to make that work though they have been reduced negative Interest Rates to somehow make negative that worth palatable in some strange way but going back to the 1929 crash and then the pechora commission as it was called in many bankers went to jail and then introduced many reforms like the last eagle alike other reforms that were aimed at getting rid of the abuses that. Come when as even and smith said when you put 3 bu