Transcripts For ALJAZ 20240710

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Security forces restrictions on the rights of women, including the right to move around freely and girls ride to attend school. Ive got tons diverse ethnic and religious minorities are also at risk of violence and refreshments. The us president Joe Biden is considering extending a deadline to pull forces out of afghanistan, who participate in a virtual G G 7 summit. Later on tuesday to discuss the issue. Its all about says there will be consequences if the August 31st date is broken. A spain warns it will have to leave people behind in afghanistan, while germanys foreign minister has suggested it may take longer to get people out to be on the end of august. If the 1st natal country to publicly say its in talks to keep cobble airport open for evacuations into september. Yes. And if you middle was added to kind of under them, we are in talks with us in turkey in order to keep calm opperation to make civil evacuations. If these people are possible, we will have a role to keep discussing that with the taliban. The doing say, because they will have a special role in that cobbles, airport remains k all think there are reportedly 14000 people waiting there with at least 10000 more outside hoping to get in before the deadline to pull out. Western troops ends next tuesday, at least 20 people have been killed in the past week while trying to board flights. Cha, stratford has more from cobble its very tense around the airport. We have seen sporadic violence over the last few days. The most recent of which Monday Night we had a member of the african Security Policy was killed by on identified gunman. Just how the taliban will respond to any kind of extended deadline remains to be c. But one thing is very much for sure. That when these extensions were made before the taliban would in control of cobble, they say that people can leave this country legitimately on commercial flights. If they have the right visas and the right paperwork. But of course, nobody knows when exactly those commercial flights will resume of the World Health Organization is warning that the people in afghanistan could lead to a spike in corona, virus infections. Its also warned that afghanistan only has enough medical supplies for 7 days. More than 500. 00 tons of supplies, including surgical equipment and malnutrition, kids due to be delivered are stuck in due by due to restriction said cobbler airport. Philippine President Rodrigo to charity has accepted his Parties Endorsement to run as Vice President in 2020 to detect a 6 Year Term in office will end next june. He cannot legally run again. Good opponent, say his bid for the Vice Presidency is an attempt to cling to Power Zombie as president elect hoc in de hace. Lima has been sworn in. It happened at a special ceremony. In the capital of soccer, youll be replacing outgoing liter edgarland. Go to securing a margin of nearly 1000000 votes in this month election. Illema now faces the daunting task of turning around zambia, struggling economy. Chads former president , he said humbly, it has died at the age of 79 in senegal, where he was serving a lifetime in prison. He was tried in 2016 for crimes against humanity in the 1st african Union Bank Trial and former Ruler Commission in chad, found his government responsible 440000 politically motivated murders and 200000 cases of torture in 1990 western. But those are the headlines, so were back with more in half an hour. Ah, it was july 1st, 2009. I was living in hamburG Germany at the time. I was in my flat with my wife that i had just married. 2 men came to the door. I did not recognize, i did not answer the door minutes later i left the Building Walk to the car and to unidentified Georgia Police officers showed up in front of me and in german basically identified themselves and said they were there, interpol, f, b i a warrant come with us that was not at all what he was expecting. Obviously he looked at his wife and blew her a kiss. And it was pretty sure he would never see her again. Thats a feeling of total fear. Because you have the total unknown of what the future holds. The data was taken on a plane to chicago, where it was where he had been criminal charge and entered the United States justice system, which is a really scary place to be now was a thing, charges of, of scanning with 460000000. 00 from the F B i for fraud me. My name is phillip James Baker and im a former Managing Part of a 1000000000. 00 investment funds, the collapse during the financial crisis. My story is a rise and fall to redemption story. Ive been rich. Ive been on the top and ive been behind bars. I know what it is to be called a financial criminal. I miss my guilt, but non free. And i want to speak out because of what i saw. Because ive been there, i can tell that if we do nothing, everything can happen. Again. They had no consequence. The titans of Wall Street, basically faith, nothing. For my life. I went to prison. Some people would say, well, you know what, you did wrong. Its fair, its just argument can be, i agree. But what about the people and the titans of Wall Street . The business started in the basement of my parents, and this company grew to be a 1000000000 dollar company. Lakeshore was a Hedge Fund firm. Phillip baker set up a Hedge Fund and it was designed to trade in commodities on the prices of oil, coal, and like that, he was a marketer. He was the client guy. He was the one who would go out to wealthy individuals or institutions and get them to put their money with lakeshore. A clients were global investment banks from around the world. Goldman sachs world, bank of canada, pure banks commons, hsbc, banking. Those goes credits with u. B s Subs Medalist we operated in close to 40 different countries around the world, brazil for room panama, columbia, japan, taiwan, hong kong, obviously throughout europe the were making millions per month. Offshore towns not paying taxes. I was living the Dream Work worried about anything, but in my particular instance, i had something dory, that all sorts of investors all over the world were very eager to put their money with them because he was generating very good returns. And thats what investors want. He turned out to be doing something else, which was he was misappropriating the Investors Money and the investors thought they were achieving these excellent returns. In reality, they were not. Phillip baker and his partners were essentially making it up. They were like, ah, ah, the 2nd thing and in some way the more damaging issue is that as they sought to recruit additional investors, new investors, which were essential because they needed to paper over the lots of money that theyd already lost. They were in their prospectuses and the documents they provided to investors to show investors how well theyve been doing their relying there to when they were saying, instead of having lost 50 percent of their assets in the 1st year they were saying, look at us, weve got a long Track Record of very impressive returns with the they were lying, not only about the returns, but they were lying about the longevity of the fun. So they were saying they had, i believe, a 14 year Track Record just wasnt true that they had not been trading for 14 years. Trading results were falsely reported. And hence that was a fraud. You cannot do that one, penny not reported properly is wrong. The victims were everyone who invested with them, investors who lost their money initially. Investors who put their money and after the initial fraud occurred. And so there were hundreds of millions of dollars that vanished as a result of this ive been asked why did i break the line . I wanted to protect what i had money, family, power. Everybody doesnt, dont they . What do you mean . How many people say no . I dont want the power, i dont want the money and walk away. Would you say that you are right . Color printing. If very interesting, when you see your name. Phillip James Baker versus the United States of america. Its overwhelming. Then you face the assistant us attorney as hes looking you in the eye. And when you go through that circumstance, there are no words that really can describe the depths of the loneliness you feel at that moment. The by ultimately completed a Plea Deal with united States Government i was sent to 20 years for Waterfront Theyll be theres a criminal, is he the type of financial mastermind that cause the financial crisis . Absolutely not. This is a guy who is, was not very sophisticated about his crime was not very malicious about his crime. And but he admitted that he committed a crime. This is a classic example of where the Justice Department takes a shortcut. They want to generate publicity for themselves as going after financial groups, and everyone wants them to do that. Any time and time again, the people that theyre going after are these little min, theyre not going after the big fish are not going after the bankers for the most part. Theyre certainly not going after the senior executives at the banks or other big financial institutions that were the decision makers leading uP To the financial crisis. In 10 years after the financial crisis, how many white colored criminals are behind bars . Dreams their golden from credits with is the only banker of Wall Street to go to jail related to Crisis E last, just a few 1000000. Not really big fish. Not a true alcohol. Could you tell me only one big bank, top executive name here, or the number of people convicted of crimes linked to the crisis in the us . The court of the financial times, 324 people from main street 0 Wall Street chief executives have been depressed even though there is today absolutely no doubt that Wall Street executives and politicians were complicit in creating the price i i. This is the story of how massive gold banks made billions by packaging toxic mortgage loans and financial products and sold them all around the world. The american politicians pull the trigger. It all started with the political philosophic or a grand emission of allowing everyone to own home our government is supporting Home Ownership because it is good for america. It is good for our families. It is good for our economy. Part of the american dream that was pushed by, you know, all sorts of president clinton bush, whatever for years was the Home Ownership authority kept the interest rates very low in order to make money very, to boil Wall Street. And politicians had agreed to work together. Wall street with the pursuit of profit, the politicians of the pursuit of Government Interference and economic growth. Which could be turned into election victories for years to come. This was the beginning of the housing bubble. When the bubbles expanding. Everybody as a winner. Everybody is a genius. The lenders make money. The real Estate Development companies make money. The construction workers make money. Everybody loves a bubble. But this was a Devils Deal between politicians. Wall street the setting to a perfect storm. What happens in a boon is lenders take more and more risk and borrowers take for a risk because they both think things are safer than they appear to be. And one of the ways they persuade themselves to take more risk is through financial innovations on Wall Street and created the risky loan called prime american ill afford to pay the Bank Loan that they had just applied for the public were given access to 0, low income and even no job loan. So if you want to be absolute craziness, it would be the ninja loan. So ninja stands for no income, no job, and no assets. And the idea is that you would lend money to people that gave you know, information about whether they had any income with that they had any job. And then you asked that it will allow you to grow enormously because now you can loan in the u. S. Context 2 ends of millions of people at reef have a lot of how many people out there are there . Who cant get alone . Tens of millions of people in the United States, tens of millions people, and friends, and these circumstances. This goes under the general category of predation in the United States. The people that were targeted for the worst loans were overwhelmingly a combination for demographic factors. Blacks, latinos, the elderly, and the males. That is incredibly important as to why almost everywhere in the world these things are crites ah, in, ah, the talk to loans became a Gold Rush for the whole us banking, financial industry all the major actors of Wall Street, one of the piece of the some prime party, goldman sachs, lehman brothers, morgan stanley, Merrill Lynch Bear stearns, j. P. Morgan, City Group. And so the friends extended itself and loans were sought by the public by falsifying their own financial situation on loan application. Therefore, the public and bank are complicit. Committee bank for the me my name is richard. I was senior Vice President and business chief underwriter for 2nd grade. Me at the time City Group was the largest bank and it was my responsibility to make sure that the 90000000000. 00 a year that we were purchasing and mortgage alarms that were originated by other banks and mortgage companies. These met our policy standards in early 2006 i discovered that over 60 percent of these mortgages did not meet our guidelines. They were by definition defective. When i discovered this in this was june of 2006 silly me, i thought it was my job. I started showing warnings because i was supposed to make sure that these met our policy guidelines. And i sent email. I put it in my weekly report, i made committee presentations, i mean, im not a shy guy. I cornered people in the hallways at the Water Fountain and everyone say, yeah, yeah we, we, we know where we need to fix that. But nothing would happen. And through 20062007, the volumes kept increasing and the rate of defective mortgages increased from 60 to an excess of 80 percent 80 percent of these mortgages that we were in turn, selling and giving our representations and warranties that they were that met our policy guidelines did not meet our policy guidelines. This is mr. Presentation that is true. As a matter of fact, it was fraud. I. Ive seen plenty of alone documents with my own eyes that were falsified, and the borrowers still find them as if they were correct. People who were typically hairdressers gardeners and such reporting incomes of over a 100000. 00 a year. Now their actual incomes would be in the range of about 60000. 00. In those cases, their income is inflated, biased, 6 times you would have waiters in a restaurant showing that they made 150000. 00 a year. I mean that clearly is is out of wine, but nonetheless, the Loan Type permitted that to happen. Richard bowen and his staff very carefully, very professionally, are documenting that these loans, the reps and warranties are false. But city is overwhelmingly turning around and reselling these low City Group. Didnt want to know because if it looked at these places, it couldnt possibly continue to use them. It was all about generating revenue. People who worked on Wall Street, it seemed of the idea of securitized mortgages package, the thing mortgages up into securities, they actually arrange to buy the mortgages. They would package them up into securities. They would file documents with the Security Exchange Commission that they had to be able to call them securities and then they would sell them to investors all around the world and all along the way they were making money. It was almost like it was a perfect product that anybody who touched the mortgage. I made money off of it. The November 2nd of 2007, sitting at my kitchen table. I put together an email and i sent the email to Robert Reuben who the next day on sunday at the Board Meeting was Name Chairman of the board. I also sent to the chief risk officer, the chief financial officer, matina order. I said urgent read immediately. Financial issues, i put that in all capital letters i call for an outside investigation. I said come in here from the outside and investigate what is going on here. Because everybody here already knows. And no one contacted me. Throughout november through december there was no contact, no one said a word. I will tell you that that particular point in time before i would even get in my car, i was doing what they do in the movies. I was looking underneath my car and looking it was very frightening. The february, the 6th i received, there was an email that went out with regard to reorganization. And in that reorganization, i was stripped of all my underwriting responsibilities. That next week i was put on in ministry believe and told im not to come back to the back. I. 2 in september and just the Ra Morocco Rep. Those would be impacted with 19 the country votes and parliament re election that will shape the future by listening post dissects the media. How they operate, the stories they cover, and the reasons why the 911 attacks over the world 20 years on the war that followed has finally ended. And ive gone. But thats what caught this a didnt real, obviously, unique, attractive on afghan, happy in history, through the eyes of the fearless and vision we to make it. Germany goes to the poles and elections the the im going to merkel replace after 15 years in power. What will the results mean for german and European Union . September on al jazeera, on era, online be part of the debate, or pacific people. The ocean is our identity and the source of well being. We are the actual when know how they get off the table. Its a shooting site atmosphere. People are demoralized, theyre exhausted, and many Health Care workers are experiencing P T s d like symptoms jump into this dream, and julian, uh, global community. If youre online on youtube right now, you can be part of this conversation as well. This stream on out there, i think of some of the biggest companies in the world today. All of them are big tech, with algorithms at their core, the move that we do to them, the more data we pritchard. Were in the midst of a great, great, and big tech companies around the empires are rising on a wealth of information and we are the commodity in the 2nd 5 part series. 90 re examines where the corporations are colonizing internet, like meet the Popularity And Power of the big tech on a, jesse. Ah, hello, i had them. Speaker in doha, the headlines on edge 0. You and human rights chief michelle bachelor, says shes received credible reports of abuses against civilians in areas on the taller Bond Control at a special session of the human rights council. She spoke about the allegations of executions restrictions on women and repression of protests. We have also received credible reports of seated violation of international humanitarian law and human rights abuses taking place in

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