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welcome to the Kaiser report I'm Max
Kaiser you know earlier this week Bob
benos CEO of AIG the insurance giant
which took 85 billion in bailout money
from the American Tax buyer said that
Congressional outrage as the ensuing
bonuses paid to these Executives in
aig's failed fraudulent phony Financial
products unit was quote just as bad as
deep south
lynching let me tell you something Bob
uh if aig's Financial products Unit were
indeed chased down by a crowd of angry
taxpayers and defrauded investors
wielding pitchforks and Hangman's noes
as you suggest asked in your interview
history could one day possibly look on
this as an act of great Injustice a
stain on the soul of a population who
had violently repressed innocent Bankers
based simply on the color of their
derivatives but I doubt it Stacy what is
going on here Max he's referring in
particular to aig's financial products
unit the unit that is based here in
London headed by casano who remember the
whole bank went bust the ins insurance
company went bust $885 billion in uh
taxpayer bailout so he was just
interviewed in the Wall Street Journal
and he suggested that when Congress was
against paying bonuses to this very unit
here that destroyed the insurance
company well that was equivalent to the
lynching faced by African-Americans in
the South AIG CEO Robert Ben MOS
Compares bonus criticism to lynch mobs
this is from Matt taiii and of course he
used
his unique way of describing the
situation he says AIG has a lengthy
history of producing some of the biggest
tools on Wall Street former CEO Morris
Hank Greenberg was considered one of the
world's preeminent Unapologetic
narcissists even before he sued the
government for providing an
insufficiently generous bailout Joe
casano former Chief of aig's financial
products division was another first he
arrogantly blew off the accountants who
warned him his portfolio of hundreds of
billions and uncollateralized bets might
destroy the world and then secondly he
appeared before Congress and uh bered
them for not giving him his money right
right right so the AIG Executives
getting the
bonuses in addition to 85 billion in
taxpayer cash um they feel persecuted
they feel persecuted similarly to the
way black slaves in America were lynched
raped tortured and murdered in the Deep
South he he sees a kinship there that
Cracker on Wall Street sees a kinship
with the way blacks were lynched you
know here's what I think Black America
should do in light of this Revelation
they should demand reparations for
having built the United States of
America they are owed by some
calculations and this was an issue a few
years ago5 to7 trillion dollar in cash
right now Black America this cracker
thinks you're not what his suffering of
taking millions in bonus money is
equivalent to you building the entire
country that he now profits from he's
also you know the bank the I keep on
calling it a bank it wasn't really a
bank it was supposed to be an insurance
company and they were selling credit
default swaps which they couldn't they
didn't have any reserves against it a
bank pretends anyway that it has
reserves remember an insurance company
doesn't need any reserves so they went
bust with those now he's also however
saying that not only were we blameless
here
but even the rest of the population is
to blame he calls them the villain it's
the the people who took out mortgages
that they couldn't afford that are to
blame it's the Nations across Europe
that went bust that are to blame no the
fact is the black population in America
was lynched again because AIG and the
credit def fall swap Market was fueling
the subprime crisis which led to
foreclosure on Americans black Americans
who had taken out mortgages on
properties fraudulently sold to them by
Bank of America by City Group backed up
by fraudulent non-insurance products
like credit the F swops marketed by AIG
they've had a huge wealth confiscation
and they're feeding into the prison
population I got a good insurance
product it's called black insurance if
you're born black in America is like an
80% chance you're going to go to prison
if you have a black child mom get black
Insurance because that kid's going to
jail and you need to pay for it right
now there's a huge business right there
AIG why don't you get into the black
Insurance business this guy's he's
unconscionable I can't believe as an
American I have to put up with people
like this calling themselves American
well another way to look at this is of
course to see when we had all the
lynchings in the South and it happened
well past slave days it happened up
until the 1940s and 50s so 60s so it's
it's not something that ended with
slavery but not very many people lined
up to be lynched in the South however in
America today everybody is lining up to
be just like Ben moshpit we'll call him
moshpit okay because it's easier that
way the AIG CEO the headline reads
should we worry about unproductive
financial sector gobbling up our best
this is from Robert Schiller and he says
the economic value to Society of so many
of our best and brightest making their
careers in the currently popular kinds
of other Finance has yet to be pinned
out so again remember that Noti dur in
the South nobody lined up to be like
them everybody's lining up to be like
the CEO of a AIG that's what everybody
wants well in a survey of elite us
universities Katherine rample found that
in 2006 just before the financial crisis
25% of graduating seniors at Harvard 24%
at Yale and a whopping 46% at prinston
were starting their careers in financial
services because they want to get
lynched like this guy in an AIG because
lynching is is what people aspire to Now
in America they go to Harvard 25% of the
graduating class says I want to be hung
like a black man in the South can I get
into the finance business I'm a victim I
was they forced it billions of dollars
of bonuses on me I'm a victim oh I can't
stand it I'm being lynched I I can't say
man like James Brown is rolling over his
grave right now that's the problem with
America since James Brown is gone it's
complete lack of
funk well okay so Bob Ben MOS remember I
said he's he's essentially in financial
services is an insurance company but
it's the new sort of other financial
services so I'm going to read to you
what this involves according to a study
by Thomas philippon and Ariel rashev
much of the increase in financial
activity has taken place in the more
speculative fields at the expense of
traditional Finance from 1950 to 206
credit intermediation I.E lending
including traditional banking declined
relative to quote other Finance
including Securities Commodities Venture
Capital private Equity hedge funds
trusts and other investment activities
like investment banking or in the case
of AIG and Bob Ben MOS it was this
financial products unit the products
were cdos and cdss which blew up well
what it means basically is that a
graduate of one of these schools will go
to Wall Street and they'll take a pile
of debt that will never be repaid and
they will mathematically figure out a
way to reclassify this debt as some new
fangled piece of debt that again will
never ever be paid and then AIG will
write a credit default swap which again
is completely uncollateralized and not
insurance by any definition and they'll
say it's okay to trade even though it's
based on collateral that in itself has
no value whatsoever based or referenced
or collateralized by another piece of
debt which itself has no collateral
either in this cated Ponzi scheme that
has reached $700 trillion globally and
is now virtually guaranteed to cause
massive social unrest a debt Bubble
Burst and complete reconfiguration of
geopolitics as we know it today as the
bricks basically tell the US and the UK
fungu well you bring up slavery and this
is this this notion of the chains comes
into this uh story from Robert Schiller
he Compares these guys like Ben MOS Bob
Ben MOS from AIG and all the other
people in other Financial Services as
being um the Neo feudal Lords as
erecting chains across a river to
prevent people from Crossing it where
they used to be able to uh cross it
freely and they're just putting up
chains and charging people they're
intermediating between something that
was previously free uh commerce was
flowing free and then they just int they
look for ways to rent seek right and one
of the ways that the chains are being
manifested in the public domain is
through higher inflation when people end
up paying more for food more for gas
more for health more for Education that
is the result of the cost of these
chains being artificially implemented so
that access to Capital
is is constrained to only people who
know Bob Ben MOS and his financial
terrorism scheme and is look at me
please Lynch me haha you won't slap in
the face and then so with this we're
going to move on to where these this Neo
fudal system that Robert Schiller is
talking about and our best and brightest
going into that we have our also not so
best and brightest also seeking to go
into Finance I.E our
politicians money money money money
money this is a headline about Bill
Clinton so if Americans are worried
about money in politics there is no
larger concern than the clintons who are
cited in a world where rich people
endlessly scratch the backs of rich
people so Bill Clinton last year earned
$17 million uh including to Legos a
Lagos company where he spoke for
$700,000 speaking fee Hillary Clinton is
currently receiving $200,000 per speech
and between 2001 and 2013 since leaving
office Bill Clinton has received $106
million from these speaking fees in his
book right Al Gore is now $500 million
since leaving office Bill Clinton now
worth $100 million since leaving office
Tony Blair since leaving office making
millions and millions of dollars if
you're a Prime Minister President and
something to put on your resume Barack
Obama will make $100 million once he
leaves office to be the president is no
longer the top job it's just something
to put in your resume as you head toward
Consulting with a major bank and Bill
Clinton by the way I believe was voted
into the black Hall of Fame at some
point Bill Clinton is not a black man
okay I'm more black than Bill Clinton is
Bill Clinton is a cracker he's a very
definition of a cracker he's not a he's
not a homeboy he's not a black man okay
by by comparing to Bill Clinton I am
freaking James Brown I am Parliament
Funkadelic compared to Bill Clinton okay
I defy him to sit in that chair and let
the world see who's blacker Bill Clinton
or Max get down
Ka I defy it well but here again here's
the president of the United States who
helps to determine policy and Regulation
and how the justice system is applied
Across America so you have on one hand
Bob bedos comparing his situation his
plight of people being berating him for
receiving huge bonuses despite receiving
an $85 billion bailout when he's cited
and protected by the Congress who gave
him the bailout and in the meantime what
happened to all those black subprime
victims who had all of their wealth
confiscated remember the largest
confiscation of black American Wealth
since the slave days I remember the days
when black is beautiful and uh when
there was a movement you know but now
it's it's gone man the black man is gone
in America it's just not there no more
it's all just Bob
benos all right Stacy Herbert thanks for
much for being on the kaisa report thank
you Max stay tuned for the second half
I'll be speaking with George Galloway
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welcome back to the Kaiser report I'm
Max Kaiser time now to turn to George
Galloway A Member of Parliament for
Bradford West George is making a
crowdfunded film called the killing of
Tony Blair he's raised 80,000 pounds so
far but there's another week left for
you to participate George Galloway
welcome back to the you were here when
you launched this project here we're
80,000 pounds later we got a week to go
tell us what's happening well I'm hoping
to reach 100,000 uh just cuz that's a
magic number and uh we still have uh
around a week to achieve that and I'm
confident that we will do that there
will be a Twitter storm a Facebook storm
an internet storm in general to try
drive that number bigger budget bigger
production value right yes I mean we can
do more uh location work on some of the
scenes of his former crimes we can
employ more researchers and get deeper
into the Labyrinth of uh of Hedges that
he has uh constructed around his
business Affairs we can go for Cinema
release we can go above all for feature
length we want it to be a featur length
documentary right so uh it's closer than
a week if you get to 100,000s with a
huge interest behind you there is then
the possibility that you would go for a
greater budget even with the festival
circuits in mind like the Sundance
Festival Etc and really compete
head-to-head with in that Global
documentary Market with this very
important story about the killing of
Tony Blair I want to talk about
crowdfunding for a second because
crowdfunding itself here you are George
Gallaway somebody who's beloved by the
public and around the world who doesn't
always get a great voice here in the
corporate controlled media of the UK
who's going totally around that with
this project and getting huge response
can this concept of crowdfunding be
applied to politics in other words would
there be a a day when a politician
instead of going to the corporations
instead of going to the banks is funded
directly through the public through
crowdfunding your thoughts indeed um
with thousands of small donations you
can do better in every way than going
after a few oligarchs and being
compromised IED by the money that they
give you uh this was pioneered in the
United States you remember Howard Dean's
presidential run uh which uh generated
phenomenal sums of money in small
amounts from large numbers of people
President Obama started out his
fundraising that way and then quickly
switched to the big corporate donors and
look where that uh has gotten Us in
Britain it's never been done before I
hope to be the first person to do it if
I run for mayor of London with VI as my
economic Zar then I'm going to try and
crowdfund that campaign we need to raise
a million pound get a million votes and
if we do we'd be the mayor of London and
the bankers would be jumping in the
river because they would know that air
and his team had arrived that would not
allow them to lay the city of London
waste in the interests of the city of
London so crowdfunding does have
political applications I'm absolutely
sure about that now we do the show in
front of this building behind us and I
don't know if everyone knows it but that
is the official headquarters of the
mayor of London so you're thinking that
for a million pounds through
crowdfunding you could mount a credible
campaign to become mayor of London well
I will have raised £100,000 for a movie
in 40 days uh if this last seven days
goes to plan uh we don't need to raise
10 times that over a longer period perod
the elections not for 3 years for
something just as significant as a movie
arguably much more but the point is that
you know isn't crowdfunding doing
something that you would have expected
to happen in democracy I mean you know
what I'm saying what happened to
democracy and all this George you're a
student of History what happened to the
participatory democracy well it it is a
democratic way of funding something in
an era when the very lack of democracy
in funding has led us to the corporate
control of virtually every aspect of Our
Lives that the rulers would like to
impose upon us and look where it's got
us it's not just that it's not uh moral
it's that it's completely incompetent
ineffective not working so a better
system has to be found and I think
democracy in this and in every other
respect is the best way forward and
crowdfunding is the purest form of
democratically funding action making a
movie storming the bastile of the
mayor's office over there we could put
out a a plank like they do in the pirate
ship and Boris could be forced to walk
the plank here's the temps river right
here it's not much of a drop only if you
can guarantee some crocodiles in it all
right let's talk about this film The
Killing of Tony Blair as you mentioned
the corporatization of politics has led
to the corporatization of the political
animal so that they have a life when
they get out of office Bill Clinton is
now set to make hundred million from um
going around the world his wife Hillary
charges hugely for speeches Al Gore $500
million for sale of his TV network in
the United States Tony Blair is one of
the dodgiest of the lot um he is around
going around the world this is kind of
the basis of your film and he's making a
killing kind of cashing in on his uh
Reign at Prime Minister where he said
there was no blood for oil and yet he's
out there cutting deals in the oil patch
clearly it was blood for oil tell us
more the concept first coined by you
that the prime ministership the
presidency no longer is the Pinnacle of
your career but merely a step along the
way an entry on your resume on your way
to the big job the job that makes you
rich as crous and Tony Blair who by the
way as this film will show had a
constant insecurity about money he went
to a public school he went to a fancy
Oxford College he liked the AES and
Graces of the upper class but never was
upper class he always felt financially
insecure so he's been as busy as a be
for seven years making a pile of money
tens of millions of pounds and that's
his real job his real job was to use the
prime minip of Britain to create an
environment good for the corporations
and to create a world environment good
for the tyrannies and the tyrannies and
the corporations are now making him rich
but here's the point this kind of thing
is an inducement to the current crop of
rulers look what happened to Tony look
what happened to Al look what happened
to Bill you play ball with us and when
you're finished office you'll be as rich
as you could possibly have imagined you
might ever be and that's a fundamentally
corrupting thing in the case of Tony
Blair his State admission with his new
corporate entity is to bring peace in
the Middle East that's one of the
mandates of his organization and yet it
seems he's doing the ab absolute
opposite stirring up a storm so that the
weapons dealers make money the Oil
Dealers make money and everyone else the
middlemen make money everyone's cashing
in on this doing the exact opposite of
Peace he's not part of this quartet of
Peace he's part of the Four Horseman of
the Apocalypse bringing death and
destruction to the Middle East that's
what Galls people that's what sticks in
their craw not that he's making money I
mean okay he's making money why
shouldn't somebody make money but that
he's making an an egregious amount of
money by doing the exact opposite thing
he says he's doing and by taking
advantage of his position as a public
official well I I couldn't have put that
better myself the the not since Caligula
appointed his horse as a proconsul of
Rome has there been a more inappropriate
appointment than Tony Blair as the
Middle East peace Envoy not only is he
dripping in the blood of the people of
the Middle East from Wars gone by when
he was in power he has incited war after
war after war and supported war after
war after war in the very Middle East
the minimum ambition of our movie The
Killing of Tony Blair is to have him
kicked out by at least one member of the
quartet our maximum ambition is to see
the cell door slam shut after him at the
heg because we believe he ought to stand
trial for crimes against humanity for
war crimes in the he at the
international criminal court a court
which he himself supported the
establishment of of course Donald
Rumsfeld can't travel in Europe for fear
of being arrested and taken into the egg
because of war crimes Tony Blair has a
similar cloud or not yet he has a
toxicity about him in Britain which for
example was the reason David Cameron
lost the vote on the proposed Syria War
Blair was hovering there like stop you
right there George gway because you're
in the House of Commons that clo vote on
the Syria war was close yeah and very
close and you know you're in the House
of Commons your way of thinking after
years that anti War demonstration that a
lot of people said went nowhere finally
with you and the House of Commons and a
lot of other like-minded folks there was
a defeat of a war initiative really the
first time in hundreds of years so
you're on the some would say the margin
however when it came to that vote in the
house of parliament it tipped against
that war so now you and your like-minded
MPS have redirected this the history of
this country quite so not since 1782 has
a British prime minister been defeated
on a matter of War and Peace in
Parliament and that was Lord North in
connection with the war against the
revolting American colonists and so it's
historic by any measure it also was
decisive if we had not taken that
decision by just 13 votes that day
President Obama would have launched the
war that weekend but because we voted
the way we did he had to stop and take
stock and take it to the Congress and
events moved in a way that President
Putin and Russia swept up diplomatically
and have run rings around the US
Administration but it would never have
happened if our vote hadn't gone the way
that it had and how important are
so-called alternative media like RT and
other networks and media Outlets that
are going against corporate media in in
changing the way people are thinking in
the House of Commons massively and
everywhere you go people say we saw Max
we saw you we saw you on Max's show on
RT and other uh means the the the
YouTubes and the Facebooks and Twitter
and all the rest we are able now to get
around I mean I get absolutely no
justice from mainstream British media in
fact nowadays you have to work hard even
to persuade me to go on mainstream
British media because I don't need it
because I can reach just as many people
without having to jump through the hoops
and suffer the opprobrium and uh
contempt that these people habitually
show people whose views it's turned out
are in the majority in the country so
all power to RT all power to Max Kaiser
and the Kaiser report well I'm going to
be your financial adviser when you are
mayor of London and we've already
discussed some of the proposals the
plank uh for the current mayor to jump
in the TS I think is a good one but
let's talk about this project because we
have about a minute left so it's called
The Killing of Tony Blair it's on
kickstarter.com you go to
kickstarter.com you find this project
the killing of Tony Blair you can put up
five pounds or dollars or whatever 5
will put your name at the in the titles
of that movie for all time and if it
turns out to be as historically
successful as we hope it will wouldn't
that be something to have just for5 and
there are all sorts of incentives give
100 give 200 give ,000 2,000 5,000 if
you give 5,000 you're then an executive
producer of the movie so your name is
not just in the titles it's up there in
the opening and also I want to mention
something and we only have about 20
seconds that for anyone in the world who
wants to
fill the role of the Whistleblower on
Tony Blair they've already two or three
people have come forward and said we've
got stuff we've been sitting on in like
with Prince bandar the Saudi Arabia all
that dirt that we know of that he was
involved with up to his neck if you want
to step forward and be a whistleblower
then they can contact your organization
and you can start to build that into
this project and really dig down drill
down into the scum that is Tony Blair uh
that's exactly the case if we can get
people with information they haven't
been able to bring forward yet ours as
the vehicle to climb aboard because this
movie is going to be seen all over the
world it's going to have a real impact
now is the time to Blow That Whistle on
Tony Blair okay we're going to have to
leave it there we're out of time George
Galloway thanks again for being on the
Kaiser report fantastic great to be here
and that's all the time we have for this
edition of the Kaiser Report with me Max
Kaiser and Stacy Herbert I'd like to
thank Our Guest George Galloway go check
out this project on kickstarter.com C
the killing of Tony Blair you have just
a few more days to help make something
big happen if you'd like to get in touch
tweet us a Kaiser report until next time
Max Kaiser saying bye y'all