Morgan we know and jamie dimon their Business Model is to keep 0. 90 of every dollar they steal they pay 0. 10 of every dollar they steal as a fine they played hundreds of millions of dollars in fines jamie diamond before the crisis was mid level in america and now hes a billionaire from committing serial fraud and theyve been you know had to face the music many many times so i dont understand why theyre singling out mexico it seems like crime pays well this is a local think tank and theyre looking around and wondering why is the 1st year in a decade that the economy the g. D. P. Has shrank and theyre saying well perhaps if we cut down on all these headlines on these stories of cartels beheading people but yet youre mentioning that there is a crime wave that goes on in america and perhaps if we got rid of all the jamie diamond taking all the money. Member the velocity of money chart we showed perhaps there would be more velocity of money but just in terms of ending that crime if you en
Build things all they do is extract and then destroy and they dont invest in the economy here this guy is saying well if we just get rid of the Violent Crime then people are going to mess here but nobody in this nobody invest its all speculation and by initialisation hollowing out of assets i remember during the 2008 liquidity crisis when credit froze the only actual money available for banks to keep the lights on came from mexican drug cartels it was part of the mexican drug cartels and Italian Mafia yes they did say there we covered that with the un itself there organized Crime Division said that that was the money flowing especially through europe but again i mean obviously crime getting rid of crime and Violent Crime is certainly a very good thing tens of thousands of people are murdered every single year here of course there are several big banks we wont mention them that have paid fines for participating in financing and laundering money for those gang. But speaking of crimes i w
Latest on the story. The financial. Max ties are this is the kaiser report remember bill black he said the best way to rob a bank is to buy a bank or therefore Something Like that this is all going to make a lot of sense stacey well for those who dont know william k. Black was a special prosecutor during the savings and loan crisis in the 1980 s. When there was widespread fraud especially there were a lot of Congress People involved in some of the bush family involved and he said at he put 800 bankers behind bars and that set in motion the boom times that followed where all the all the criminals were taken off the street by wall street he said the best way to rob a bank is to own a bank because therefore you get away with crimes here is crime in this headline because many people do associate with mexico with the cartels and crime wave here curbing crime could boost mexicos Economic Growth says think tank cutting crime in mexico could encourage more investment leading to higher Economic
Store will come unity want to see of funds from stable and its today is one importer and this is the 1st opening the door to the whole of the people the problem is there are some of the job it has more from the venue here in doha where the signing is due to take place. Well the secretary of state to my calm pill has arrived in doha he will be part of the ceremony which is being hailed as a historic moment for a lasting solution for peace in afghanistan although it is early days and there is a lot of cautious optimism here in the Country Capital but people are seeing this as an important 1st step or remember this is a process which started with a marriage still being alive in 2010 its taken 10 years for the u. S. And taliban to come to some sort of an agreement for not just reduction of violence but also a reduction of the u. S. Troops in afghanistan now thousands of people have gathered at turkeys land border with greece have to turkey said it would no longer hold back refugees greece
Private sector think tank said last week that is why it is indispensable to guarantee the security of the private Sector Center for economic studies said in his weekly report i dont get it may and i mean look at america we know at j. P. Morgan we know and jamie diamond their Business Model is to keep 0. 90 of every dollar they steal they pay 10 cents of every dollar they steal as a fine they play hundreds of millions of dollars in fines jamie diamond before the crisis was mid level in america and now hes a billionaire from committing serial fraud and theyve been you know had to face the music many many times so i dont understand why theyre singling out mexico it seems like crime pays well this is a local think tank and theyre looking around and wondering why is the 1st year in a decade that the economy the g. D. P. Has shrank and theyre saying well perhaps if we cut down on all these. Headlines on these stories of cartels beheading people but yeah youre mentioning that there is a crime