1 00:00:02,090 --> 00:00:06,470 Hidden power, secrets, cover -ups, corruption. 2 00:00:09,790 --> 00:00:12,050 You think you know the whole story? 3 00:00:12,370 --> 00:00:13,490 Think again. 4 00:00:15,510 --> 00:00:21,330 I've been governor, a Navy SEAL, a fighter. 5 00:00:22,190 --> 00:00:27,970 I've heard things that'll blow your mind. And now I think it's time you get 6 00:00:27,970 --> 00:00:28,970 whole story. 7 00:00:30,330 --> 00:00:32,030 Now, Wall Street. 8 00:00:32,270 --> 00:00:38,110 Jesse Ventura exposes a sinister global plot to bankrupt you, me, and our nation 9 00:00:38,110 --> 00:00:41,390 while typing a financial death grip on the world. 10 00:00:42,430 --> 00:00:48,270 It was a massive conspiracy which is ongoing right now. 11 00:00:48,860 --> 00:00:54,020 It is a conspiracy of institutional corruption from the highest level. 12 00:00:54,280 --> 00:00:57,420 From international bankers to the super rich. 13 00:00:57,720 --> 00:00:59,980 From Washington to Rome. 14 00:01:00,260 --> 00:01:01,900 They're all in it together. 15 00:01:02,180 --> 00:01:06,840 And when their reckless schemes unravel, they rip us off for billions in 16 00:01:06,840 --> 00:01:11,300 bailouts. They blow it up, it collapses, we're going to pay for it. It's an 17 00:01:11,300 --> 00:01:14,380 elite club that's lining their pockets with your money. 18 00:01:14,840 --> 00:01:17,740 And they'll crush anyone who stands in their way. 19 00:01:18,880 --> 00:01:22,760 I was scared half to death. Nobody would fly with me for about a year. I'm 20 00:01:22,760 --> 00:01:24,480 afraid they're going to blow up the plane. 21 00:01:24,860 --> 00:01:26,060 A commercial plane? 22 00:01:26,360 --> 00:01:31,360 These liars and cheats haven't only infiltrated the government, they own the 23 00:01:31,360 --> 00:01:33,420 government. They're loyal to money. 24 00:01:33,740 --> 00:01:34,639 And to power. 25 00:01:34,640 --> 00:01:39,640 Jesse Ventura follows the money. He heads to the street. He finds where they 26 00:01:39,640 --> 00:01:41,500 hiding. No comment. 27 00:01:41,780 --> 00:01:45,120 In the United States of America, what, is this a secured area? 28 00:01:47,130 --> 00:01:49,350 He meets them face to face. 29 00:01:50,270 --> 00:01:52,090 Well, well, well. 30 00:01:52,490 --> 00:01:58,350 And he's not taking any bull as he kicks open the worldwide Wall Street 31 00:01:58,350 --> 00:01:59,350 conspiracy. 32 00:02:02,130 --> 00:02:06,030 I'm Jesse Ventura, and this is Conspiracy Theory. 33 00:02:15,079 --> 00:02:19,720 Manhattan, inside an exclusive meeting of Wall Street insiders. A billionaire 34 00:02:19,720 --> 00:02:24,220 boys club whose high -risk gambling with our money led to financial disaster. 35 00:02:24,960 --> 00:02:27,280 Now these crooks are being set up. 36 00:02:27,800 --> 00:02:30,560 Invited to this get -together by Jesse Ventura's team. 37 00:02:30,900 --> 00:02:33,700 They don't expect the next guest who's about to arrive. 38 00:02:40,910 --> 00:02:42,350 I've been waiting for you guys. 39 00:02:42,570 --> 00:02:47,930 Jesse Ventura has crashed their inner circle, and he's ready to make them pay. 40 00:02:51,230 --> 00:02:54,850 Nothing gets me madder than what these crooks did on Wall Street. 41 00:02:55,230 --> 00:02:57,690 They brought the economy to its knees. 42 00:02:58,270 --> 00:03:02,030 And even today, most of us don't understand how they did it. 43 00:03:03,770 --> 00:03:08,270 They're like crooked car mechanics, hiding behind confusing language and 44 00:03:08,270 --> 00:03:09,550 while they rip us off. 45 00:03:10,350 --> 00:03:15,510 Well, I'm going to sort it out. I'm going to find out how Wall Street 46 00:03:15,510 --> 00:03:16,710 Main Street. 47 00:03:17,990 --> 00:03:23,350 I needed a place to start, and a guy named Bill Murphy provided it. He's a 48 00:03:23,350 --> 00:03:28,630 Street guy who works in the commodities market, and he's mad, real mad. 49 00:03:28,850 --> 00:03:33,730 He claims the Wall Street Club and the government are in cahoots and still 50 00:03:33,730 --> 00:03:35,450 playing their dirty games. 51 00:03:37,410 --> 00:03:38,470 Bill Murphy? 52 00:03:39,450 --> 00:03:43,280 What do you have for me Governor, I have the financial story of a lifetime for 53 00:03:43,280 --> 00:03:46,460 you. You're talking about Wall Street here, right? Yeah, I'm talking about 54 00:03:46,460 --> 00:03:49,640 Street. I'm talking about the people that have got this country in so much 55 00:03:49,640 --> 00:03:53,420 trouble. What's going on in Wall Street between the Fed, the Treasury, our 56 00:03:53,420 --> 00:03:57,100 government, and the big Wall Street firms, the big banks, is causing serious 57 00:03:57,100 --> 00:04:00,020 problems in America, and this has to be addressed. 58 00:04:00,360 --> 00:04:01,119 It's continuing. 59 00:04:01,120 --> 00:04:02,900 All they're doing is papering over things. 60 00:04:03,160 --> 00:04:07,080 It's the same people in power. The same things are going on. The big banks in 61 00:04:07,080 --> 00:04:09,780 New York and the U .S. government are hurting the little guy in America. 62 00:04:10,510 --> 00:04:15,770 guy remember this financial crisis began with mortgages for the little guy 63 00:04:15,770 --> 00:04:20,950 lenders gave mortgages to people they knew couldn't afford to pay them back 64 00:04:20,950 --> 00:04:26,750 companies like goldman sachs bundled all these bad loans together and figured a 65 00:04:26,750 --> 00:04:32,350 way to resell all that junk like it was a brand new thing they played both sides 66 00:04:32,350 --> 00:04:38,420 and they made billions whether people paid their loans or went belly up That's 67 00:04:38,420 --> 00:04:40,920 how he first got involved in this almost 12 years ago. 68 00:04:41,860 --> 00:04:45,360 Goldman Sachs was everywhere when it came to manipulation of the market. 69 00:04:45,940 --> 00:04:50,660 Bill Murphy represents a group called the Gold Antitrust Action Committee. 70 00:04:51,220 --> 00:04:53,780 He saw trouble before anyone else. 71 00:04:54,040 --> 00:04:58,480 He raised the alarm big time in the media and in Washington. 72 00:04:58,720 --> 00:05:00,260 But no one listened. 73 00:05:01,850 --> 00:05:07,690 We put an ad, a $264 ,000 ad in the Wall Street Journal. We warned of coming as 74 00:05:07,690 --> 00:05:12,570 of January 31st, 2008. We warned of coming catastrophe and disaster, and 75 00:05:12,570 --> 00:05:13,570 exactly what happened. 76 00:05:13,930 --> 00:05:18,510 Bill Murphy also testified in Washington in front of the Commodities Futures 77 00:05:18,510 --> 00:05:19,510 Trading Commission. 78 00:05:21,080 --> 00:05:25,780 Bill Murphy's testimony should have made big news, but it didn't get any play. 79 00:05:27,820 --> 00:05:30,380 Notice how he's rushing through his statement. 80 00:05:30,760 --> 00:05:35,020 That's because the commission was cutting him off in more ways than one. 81 00:05:36,170 --> 00:05:39,830 I realized I had to make like the Roadrunner and read this thing fast so 82 00:05:39,830 --> 00:05:43,630 whole thing could be heard to get all the information we wanted out there. It 83 00:05:43,630 --> 00:05:47,950 was televised. But when I gave my testimony, the television feed went out. 84 00:05:47,950 --> 00:05:52,070 soon as I was done, the television feed came back on. So literally everything 85 00:05:52,070 --> 00:05:54,710 you said was censored. Was censored. 86 00:05:55,630 --> 00:06:00,530 But Bill Murphy had one more surprise up his sleeve at that hearing. Without any 87 00:06:00,530 --> 00:06:05,730 advance warning, he told about a trader who had evidence the big banks were 88 00:06:05,730 --> 00:06:07,090 manipulating the markets. 89 00:06:08,750 --> 00:06:13,170 Mr. McGuire has been told firsthand by traders working for JPMorgan Chase that 90 00:06:13,170 --> 00:06:16,670 JPM manipulates the precious metals markets and they brag how they make 91 00:06:16,670 --> 00:06:17,670 doing so. 92 00:06:18,300 --> 00:06:23,340 Who was Andrew McGuire? Andrew McGuire was a former Goldman Sachs trader in 93 00:06:23,340 --> 00:06:25,020 London. They wouldn't let him testify. 94 00:06:25,420 --> 00:06:30,040 So he sent me the information, and I made this surprise presentation, and 95 00:06:30,040 --> 00:06:33,940 weren't ready for it. So we could classify Andrew McGuire a whistleblower. 96 00:06:33,940 --> 00:06:37,940 time. Maybe one of the biggest of all time. Well, we know what happens to 97 00:06:37,940 --> 00:06:40,980 whistleblowers. Next day, he and his wife were hit by a car. 98 00:06:44,910 --> 00:06:46,770 Now, have you had any problems personally? 99 00:06:47,070 --> 00:06:50,890 Within the six -week period, my website was hacked, my car was stolen. 100 00:06:51,410 --> 00:06:54,510 I was hit with brass knuckles and blocked from my house, and I thought my 101 00:06:54,510 --> 00:06:58,970 was broken, and I was scared half to death. Nobody would fly with me for 102 00:06:58,970 --> 00:07:01,690 year. What do you mean nobody would fly? They were afraid they were going to 103 00:07:01,690 --> 00:07:02,690 blow up the plane. 104 00:07:02,990 --> 00:07:04,190 A commercial plane? 105 00:07:04,410 --> 00:07:08,290 This is a story they don't want to tell. The United States government would 106 00:07:08,290 --> 00:07:11,650 rather have our nuclear secrets told than what they're doing in Wall Street. 107 00:07:15,070 --> 00:07:20,190 You always hear these kind of stories out there, insiders, club of insiders, 108 00:07:20,230 --> 00:07:22,970 people in the know. What do you know about that? Is that true? 109 00:07:23,410 --> 00:07:26,430 Well, all I think we have to go back to is when we had the recent financial 110 00:07:26,430 --> 00:07:28,090 crisis. Who was bailed out? 111 00:07:28,470 --> 00:07:30,630 Goldman Sachs, AIG got covered. 112 00:07:30,870 --> 00:07:33,210 All this money went to them to make sure they were okay. 113 00:07:33,410 --> 00:07:36,870 They took too big a risk. They got beat and they got bailed out. Well, when us 114 00:07:36,870 --> 00:07:40,150 as little guys take big risks and we lose, we go bankrupt. 115 00:07:43,530 --> 00:07:48,770 If Bill Murphy's right, these guys on Wall Street are still up to their old 116 00:07:48,770 --> 00:07:52,050 tricks. Only now, it could be even worse. 117 00:07:53,030 --> 00:07:56,370 Well, it's time to get my investigators on the case. 118 00:07:56,890 --> 00:07:59,710 Look, people, I talked to this guy named Bill Murphy. 119 00:07:59,970 --> 00:08:05,490 He's a Wall Street insider, has worked there for years, and he told me that 120 00:08:05,490 --> 00:08:09,550 was a scam from the word go. This whole Wall Street meltdown. 121 00:08:10,030 --> 00:08:12,890 We've got to get on this. It sounds like you're just getting angry at these guys 122 00:08:12,890 --> 00:08:15,910 because they're intelligent. It's a very small world on Wall Street. They're 123 00:08:15,910 --> 00:08:18,290 very smart guys, and they're doing things that nobody else understands, and 124 00:08:18,290 --> 00:08:19,490 they're going to get away with it. No. 125 00:08:19,810 --> 00:08:21,730 They got away with it until they got caught. 126 00:08:22,050 --> 00:08:23,950 Right, but you're acting as if it's some kind of club. 127 00:08:24,430 --> 00:08:27,950 The meltdown happened because you sold a bunch of mortgages to people who 128 00:08:27,950 --> 00:08:30,890 couldn't afford to pay them. It was really that simple. We shove mortgages 129 00:08:30,890 --> 00:08:33,630 people who can't afford the mortgages, and then what do they do? They take them 130 00:08:33,630 --> 00:08:35,270 and they sell them to somebody else overseas. 131 00:08:35,470 --> 00:08:36,470 And then... 132 00:08:36,539 --> 00:08:40,340 Goldman Sachs bets both sides of the equation. They're a winner either way 133 00:08:40,340 --> 00:08:44,420 because they got their bets covered on each side. At some point, you got to go, 134 00:08:44,540 --> 00:08:45,540 this is a rigged game. 135 00:08:45,740 --> 00:08:50,580 People, it's time to become the old proverbial fly in the ointment. 136 00:08:51,100 --> 00:08:53,960 Let's invade this so -called elite club. 137 00:08:56,380 --> 00:09:03,100 Coming up, an insider spills the beans about Goldman Sachs and the liar's 138 00:09:03,980 --> 00:09:05,280 Did they call you a rat? 139 00:09:05,520 --> 00:09:12,160 No. Then, the economy's collapse is tied to Rome and a secretive religious group 140 00:09:12,160 --> 00:09:14,260 right out of a Dan Brown novel. 141 00:09:15,920 --> 00:09:17,800 They've been compared to Opus Dei. 142 00:09:18,120 --> 00:09:19,360 From the Da Vinci Code. 143 00:09:20,400 --> 00:09:25,780 Jesse Ventura arrives on Wall Street and crashes the billionaire boys club in 144 00:09:25,780 --> 00:09:26,780 the middle of it all. 145 00:09:27,300 --> 00:09:28,940 Well, well, well. 146 00:09:37,740 --> 00:09:41,100 Jesse Ventura is tracking down the Wall Street conspiracy. 147 00:09:41,660 --> 00:09:46,560 He's investigating how a club of insiders caused the financial collapse, 148 00:09:46,560 --> 00:09:51,520 billions on the backs of you and me, and is setting the stage for another big 149 00:09:51,520 --> 00:09:52,520 fall. 150 00:10:00,820 --> 00:10:04,740 We were just starting to get under the surface of this Wall Street conspiracy. 151 00:10:06,190 --> 00:10:10,290 My team was arranging a little get -together for a group of big -time 152 00:10:10,290 --> 00:10:11,510 and insiders. 153 00:10:12,770 --> 00:10:17,610 I was planning to head to New York and stop in unannounced. 154 00:10:19,290 --> 00:10:22,010 My investigators were also hard at work. 155 00:10:22,370 --> 00:10:27,330 Daniel was in downtown Los Angeles trying to hook up with a Goldman Sachs 156 00:10:27,330 --> 00:10:33,270 turncoat. And June was in Kansas City. She was meeting with a real expert on 157 00:10:33,270 --> 00:10:34,470 way Wall Street works. 158 00:10:36,430 --> 00:10:38,090 I'm a white -collar criminologist. 159 00:10:38,430 --> 00:10:43,750 William Black wrote a book called The Best Way to Rob a Bank is to Own One. 160 00:10:44,010 --> 00:10:46,530 Sounds like a guy who knows Wall Street. 161 00:10:47,830 --> 00:10:51,230 What exactly happened in the most recent financial crisis? 162 00:10:51,470 --> 00:10:53,010 Was there criminal activity involved? 163 00:10:53,430 --> 00:10:57,930 There was enormous criminal activity. Indeed, the crisis was brought on by 164 00:10:57,930 --> 00:10:58,990 criminal activity. 165 00:10:59,330 --> 00:11:02,190 Nothing was done even when the industry... 166 00:11:02,819 --> 00:11:06,280 called what it was doing, selling liar's loans. 167 00:11:06,780 --> 00:11:08,460 So what is a liar's loan? 168 00:11:08,840 --> 00:11:10,340 A liar's loan. 169 00:11:10,780 --> 00:11:15,620 Nice name for mortgages given to people the banks know won't be able to make the 170 00:11:15,620 --> 00:11:18,780 payments. So why would they want to do that? 171 00:11:19,100 --> 00:11:25,040 A liar's loan is where the loan broker creates information. What's your income? 172 00:11:25,220 --> 00:11:27,160 What's your job? What's your assets are? 173 00:11:27,840 --> 00:11:33,060 And I, the lender, agree to believe whatever you tell me and not look. 174 00:11:33,560 --> 00:11:38,960 Were people encouraged to lie in terms of the loans? 175 00:11:39,260 --> 00:11:44,580 Yes, and indeed, most of the lying wasn't by the individual borrower. It 176 00:11:44,580 --> 00:11:45,840 the loan brokers. 177 00:11:46,240 --> 00:11:49,160 Of course, it destroys the institution, but they walk away rich. 178 00:11:50,000 --> 00:11:51,200 There it is again. 179 00:11:51,540 --> 00:11:53,780 They work both sides of the game. 180 00:11:54,480 --> 00:11:56,060 It was a Ponzi scheme. 181 00:11:56,260 --> 00:12:00,700 The bucks kept rolling in as long as they kept selling those bad loans. 182 00:12:01,280 --> 00:12:02,920 They won either way. 183 00:12:03,160 --> 00:12:08,220 And there's no greater example of that than the guys at Goldman Sachs. 184 00:12:09,080 --> 00:12:12,740 Or as Daniel was finding out, the gals. 185 00:12:14,040 --> 00:12:18,960 Nomi Prins is a Wall Street veteran. She used to be a managing director at 186 00:12:18,960 --> 00:12:20,000 Goldman Sachs. 187 00:12:20,200 --> 00:12:22,860 Now, she's known as a whistleblower. 188 00:12:23,280 --> 00:12:28,120 How tight is the relationship between Goldman Sachs and the federal 189 00:12:28,340 --> 00:12:34,420 There are more higher level officials that have come through Washington and 190 00:12:34,420 --> 00:12:40,560 Goldman Sachs than from any other firm. That's why the idea of Goldman being 191 00:12:40,560 --> 00:12:43,640 called government Sachs isn't so much a conspiracy as a fact. 192 00:12:45,440 --> 00:12:50,940 Government Sachs, the unholy alliance between these corporate lowlifes and the 193 00:12:50,940 --> 00:12:52,440 people we vote for. 194 00:12:53,380 --> 00:12:57,200 This is where the conspiracy really starts to get underused. 195 00:12:57,720 --> 00:13:00,000 Why have they been called Goldman Sachs? 196 00:13:00,220 --> 00:13:04,720 Goldman Sachs is called that because whether it's a Republican or a 197 00:13:04,720 --> 00:13:10,760 administration, if you look around, there's an amazing number of senior 198 00:13:10,760 --> 00:13:14,140 that have come from the Goldman Sachs background. 199 00:13:14,520 --> 00:13:20,360 And because they seem to act in a way that is very good for Goldman Sachs and 200 00:13:20,360 --> 00:13:21,540 not very good for the country. 201 00:13:26,120 --> 00:13:32,140 In fact, Paulson, who became the Treasury Secretary under George Bush, he 202 00:13:32,140 --> 00:13:36,220 to run Goldman. Goldman was his empire, effectively. 203 00:13:36,480 --> 00:13:40,340 So now he goes and he's running the Treasury Department. And he gets to take 204 00:13:40,340 --> 00:13:45,960 friendships, his philosophies, his relationships into that office. 205 00:13:46,660 --> 00:13:51,000 And loyalty is very key on Washington. That extends once they get to 206 00:13:51,140 --> 00:13:52,180 It's not a myth. It happens. 207 00:13:57,870 --> 00:14:00,350 And then they were betting against their clients. 208 00:14:00,770 --> 00:14:02,430 Why would they do this? 209 00:14:02,670 --> 00:14:09,350 For example, Hank Paulson gets Goldman Sachs very heavily into purchasing 210 00:14:09,350 --> 00:14:13,710 these terrible mortgages. The people at Goldman look at these loans and they 211 00:14:13,710 --> 00:14:18,410 say, these are really terrible. So they start selling these. 212 00:14:19,160 --> 00:14:23,860 And what we call shorting, which is betting that they're going to drop in 213 00:14:24,000 --> 00:14:26,200 They sell them before the drop. 214 00:14:26,480 --> 00:14:30,520 And they suffer either virtually no loss or maybe even a small profit. 215 00:14:30,740 --> 00:14:32,240 So really it was a house of cards. 216 00:14:32,580 --> 00:14:37,360 Oh, a house of cards doesn't begin to capture how flimsy this. 217 00:14:37,640 --> 00:14:43,860 A house of cards can actually last for a fairly long time. This was guaranteed 218 00:14:43,860 --> 00:14:47,380 to fail. The only issue was when. 219 00:14:47,960 --> 00:14:54,020 And it was guaranteed to produce massive fictional income at first and make the 220 00:14:54,020 --> 00:14:56,000 CEOs and senior officers rich. 221 00:14:57,820 --> 00:15:02,700 They were making money even when they knew the ship was sinking. And they were 222 00:15:02,700 --> 00:15:05,180 using the ship owner's money to do it. 223 00:15:05,560 --> 00:15:11,680 Nomi Prins made that really clear and really ominous. She talked about a 224 00:15:11,680 --> 00:15:12,940 in June 2008. 225 00:15:13,790 --> 00:15:18,630 Treasury Secretary Paulson meeting his old pals on the Goldman Sachs board in 226 00:15:18,630 --> 00:15:20,430 the middle of the financial crisis. 227 00:15:20,910 --> 00:15:24,710 Even though he'd signed an ethics agreement not to contact them. 228 00:15:25,230 --> 00:15:29,250 The meeting took place in Moscow, Russia. 229 00:15:32,790 --> 00:15:34,870 So basically the country's burning. 230 00:15:35,070 --> 00:15:39,470 And Paulson goes to Moscow to sell gasoline. 231 00:15:40,300 --> 00:15:44,700 Basically, he went to Moscow and he wanted to convince people there to 232 00:15:44,700 --> 00:15:48,580 to buy stuff that was created out of our mortgages to keep it going for the 233 00:15:48,580 --> 00:15:49,580 finance people. 234 00:15:50,720 --> 00:15:52,580 It was a secret meeting. 235 00:15:53,260 --> 00:15:55,380 Paulson and his big bank buddies. 236 00:15:55,800 --> 00:16:02,020 A few months later, Goldman got its status changed to holding company. 237 00:16:03,530 --> 00:16:08,690 It went from oversight by the Securities and Exchange Commission to the Federal 238 00:16:08,690 --> 00:16:13,990 Reserve. The New York Fed Board was full of Goldman Sachs alum. 239 00:16:14,910 --> 00:16:19,510 The chairman, Tim Geithner, became Obama's Treasury Secretary. 240 00:16:20,270 --> 00:16:26,990 He'd helped direct the bailout that gave close to $13 billion to, you guessed 241 00:16:26,990 --> 00:16:29,010 it, Goldman Sachs. 242 00:16:29,960 --> 00:16:32,820 They're loyal to money and to the company. And to power. 243 00:16:37,660 --> 00:16:44,320 Hundreds of CEOs should be convicted, and that hasn't happened. Because the 244 00:16:44,320 --> 00:16:50,780 way to prosecute elite white -collar criminals, it's very tough, is to have 245 00:16:50,780 --> 00:16:56,180 regulators serve as your sherpa, your guide. None of that happens anymore. 246 00:16:57,680 --> 00:17:00,940 This question of accountability doesn't end with Washington. 247 00:17:01,660 --> 00:17:05,619 Daniel saw it standing right in front of him, wearing a dress. 248 00:17:06,380 --> 00:17:12,020 All of these guys who have done really just horrible things are in their homes 249 00:17:12,020 --> 00:17:14,819 right now or in their fancy cars sitting on giant piles of cash. 250 00:17:15,079 --> 00:17:19,220 There are hundreds of millions of dollars of money that they have been 251 00:17:19,220 --> 00:17:20,520 on. Do you think these guys should be in prison? 252 00:17:20,720 --> 00:17:22,339 I think some of them should be in prison. 253 00:17:24,480 --> 00:17:26,390 You were with... Lehman Brothers. 254 00:17:26,650 --> 00:17:28,109 Yes. And you were with Goldman. 255 00:17:28,390 --> 00:17:30,930 Yes. And you were with Bear Stearns. Yes. 256 00:17:31,830 --> 00:17:33,350 Stationed in a powerful position. 257 00:17:33,670 --> 00:17:38,630 I was, and I did the battle. You're there in the room, and you know that 258 00:17:38,630 --> 00:17:39,629 f***ing us all. 259 00:17:39,630 --> 00:17:43,710 It feels like something I have to escape from. I was a part of it, and I felt I 260 00:17:43,710 --> 00:17:47,070 needed to get out, and more than that, I needed to tell people what was going on 261 00:17:47,070 --> 00:17:48,070 inside. 262 00:17:49,010 --> 00:17:50,010 Did they call you a rat? 263 00:17:50,510 --> 00:17:51,510 Not to my face. 264 00:17:54,320 --> 00:17:58,960 Coming up, a Da Vinci Code twist that leads to a secret elite group gaining 265 00:17:58,960 --> 00:18:00,080 control of America. 266 00:18:00,500 --> 00:18:01,900 All roads lead to Rome. 267 00:18:02,640 --> 00:18:07,380 The government heads to Washington and outs the shadow government, pulling the 268 00:18:07,380 --> 00:18:08,540 strings to disaster. 269 00:18:09,500 --> 00:18:10,960 They inflated the currency. 270 00:18:11,160 --> 00:18:12,160 They created the bubble. 271 00:18:12,320 --> 00:18:17,420 And later, he busts in on Goldman Sachs' billion -dollar palace. Is this the new 272 00:18:17,420 --> 00:18:21,040 Goldman Sachs? I don't really want to comment on that. Not even to me? 273 00:18:21,340 --> 00:18:22,340 No comment. 274 00:18:29,770 --> 00:18:33,930 Jesse Ventura and his team are finding new accomplices in the Wall Street 275 00:18:33,930 --> 00:18:34,930 conspiracy. 276 00:18:36,990 --> 00:18:39,350 And the leads are coming from all angles. 277 00:18:41,230 --> 00:18:45,490 Investigator Daniel Cooken gets a tip that could be out of a Dan Brown novel. 278 00:18:45,970 --> 00:18:48,650 On this one, all roads lead to Rome. 279 00:18:51,510 --> 00:18:56,470 Michael Stum subscribes to an internet finance message board on which a 280 00:18:56,470 --> 00:18:58,330 mysterious conspiracy theorist... 281 00:18:58,590 --> 00:19:03,290 predicted the exact date of the recent crash based on the activities of a 282 00:19:03,290 --> 00:19:05,230 secretive group called Legatus. 283 00:19:08,990 --> 00:19:14,990 Legatus. They're a Catholic networking organization composed of businessmen 284 00:19:14,990 --> 00:19:16,470 around the world. The richest. 285 00:19:16,830 --> 00:19:20,590 They're the richest. They're the most influential. They advertise for 286 00:19:20,590 --> 00:19:22,670 membership, but they have closed -door meetings. 287 00:19:24,830 --> 00:19:26,770 They've been compared to Opus Dei. 288 00:19:27,400 --> 00:19:30,000 From the Da Vinci Code. Straight out of the Da Vinci Code. 289 00:19:30,480 --> 00:19:35,620 Opus Dei, the Catholic group was shadowy and villainous in the Da Vinci Code. It 290 00:19:35,620 --> 00:19:39,940 was started in 1928, the year before the great stock market crash. 291 00:19:40,840 --> 00:19:45,940 Legatus began in 2007, a year before the crash predicted by the Internet seer. 292 00:19:46,580 --> 00:19:48,140 According to this guy, Reinhart. 293 00:19:48,560 --> 00:19:52,300 When Legatus members make pilgrimages to Rome, they write huge donation checks 294 00:19:52,300 --> 00:19:56,380 to the Vatican Bank. When checks from all these Wall Street insiders clear on 295 00:19:56,380 --> 00:20:00,020 the same date, that's when the media reports on unorthodox accounting. 296 00:20:00,260 --> 00:20:02,460 That's when stock fall, markets crash. 297 00:20:02,780 --> 00:20:03,780 Did anybody prove this? 298 00:20:03,980 --> 00:20:06,500 September 15, 2008 was the crash. 299 00:20:06,700 --> 00:20:11,100 Months earlier, Reinhart had predicted that very date, clearly seeing this as 300 00:20:11,100 --> 00:20:12,580 one strand of a larger pattern. 301 00:20:13,149 --> 00:20:17,670 Whether the Legatus theory is real or not, it points back to the same club of 302 00:20:17,670 --> 00:20:18,670 insiders. 303 00:20:18,930 --> 00:20:22,450 Okay, there's one thing we haven't talked about. The Federal Reserve Bank. 304 00:20:22,890 --> 00:20:25,210 Here's the super bank that runs all of our money. 305 00:20:25,430 --> 00:20:27,970 The Federal Reserve Bank has done pretty well so far. America's the richest 306 00:20:27,970 --> 00:20:29,870 country in the world. You know who they answer to? 307 00:20:30,450 --> 00:20:34,310 Nobody. Not the president, not Congress, not the people. They do whatever they 308 00:20:34,310 --> 00:20:35,310 want. 309 00:20:35,650 --> 00:20:40,070 Well, if it's the Fed, I know somebody, but it's going to require me to take a 310 00:20:40,070 --> 00:20:42,150 little detour before I get to Wall Street. 311 00:20:44,110 --> 00:20:48,610 That detour takes Jesse Ventura to Washington, D .C., home of the Federal 312 00:20:48,610 --> 00:20:51,090 Reserve, America's banking system. 313 00:20:52,050 --> 00:20:54,930 The Fed was wrapped in conspiracy from the start. 314 00:20:56,110 --> 00:21:01,750 Created in 1913 by an elite group of international bankers, meeting at a 315 00:21:01,750 --> 00:21:03,210 called Jekyll Island. 316 00:21:04,430 --> 00:21:07,670 It was set up to bring stability after a financial panic. 317 00:21:08,250 --> 00:21:10,570 A panic caused by those same bankers. 318 00:21:10,970 --> 00:21:16,050 Many believe those bankers formed a shadow government that thrives today. 319 00:21:17,430 --> 00:21:23,550 We know the feds print our cash, then loan it out at interest, which we pay in 320 00:21:23,550 --> 00:21:24,550 taxes. 321 00:21:24,670 --> 00:21:28,250 We know it influences interest rates and manipulates the market. 322 00:21:28,870 --> 00:21:32,890 We know it's been the source of just about every major crash. 323 00:21:34,610 --> 00:21:35,610 The Fed. 324 00:21:36,380 --> 00:21:39,780 I might have known the shadow government would be mixed up in this. 325 00:21:39,980 --> 00:21:43,760 But there's one man in the other government who's got them nailed. 326 00:21:44,679 --> 00:21:46,780 Congressman Ron Paul from Texas. 327 00:21:47,140 --> 00:21:51,480 What was the Fed's role in this current financial collapse we went through? 328 00:21:51,680 --> 00:21:56,060 Well, if I had to find one group or one person responsible for the collapse, I 329 00:21:56,060 --> 00:21:58,340 would put it at the feet of the Fed. They inflated the currency. 330 00:21:58,660 --> 00:22:01,400 Look at the housing bubble. The housing bubble couldn't have happened if there 331 00:22:01,400 --> 00:22:05,000 had not been money created in there because where would the credit have come 332 00:22:05,000 --> 00:22:07,080 from? So the Fed did as they created the bubble. 333 00:22:08,250 --> 00:22:12,850 Ron Paul was telling me exactly what Bill Murphy had warned about. 334 00:22:13,050 --> 00:22:16,010 It was the Federal Reserve behind this. Interest rates have been kept too low 335 00:22:16,010 --> 00:22:19,550 for the benefit of the Wall Street bankers, and it's led to the financial 336 00:22:19,550 --> 00:22:20,550 of the day. 337 00:22:20,670 --> 00:22:25,130 What control do you as a congressman or does our government have over the 338 00:22:25,130 --> 00:22:26,129 Federal Reserve? 339 00:22:26,130 --> 00:22:31,490 In theory, they have some control if they wanted to, but they relinquish 340 00:22:31,490 --> 00:22:34,730 control, really. We have a dictator, and he's the chairman. 341 00:22:35,910 --> 00:22:37,290 So Bernanke is king. 342 00:22:37,850 --> 00:22:44,410 Ben Bernanke, head of the Fed, a king among us paupers, appointed by Bush, 343 00:22:44,690 --> 00:22:48,350 retained by Obama, so much for being separate. 344 00:22:48,800 --> 00:22:49,800 from the government. 345 00:22:49,820 --> 00:22:55,660 He's king, he's the dictator, he's a monetary dictator, and he, I imagine, he 346 00:22:55,660 --> 00:23:00,980 thinks he's doing the Lord's work, but he really isn't. He's kowtowing to the 347 00:23:00,980 --> 00:23:06,360 big banks, big corporations, bails out big government, and gets us all into 348 00:23:06,360 --> 00:23:11,040 trouble. One of my biggest beefs in Washington is that the Congress is 349 00:23:11,040 --> 00:23:12,040 in their duties. 350 00:23:13,700 --> 00:23:17,000 And this crisis we just went through, it sort of proved our concerns. 351 00:23:17,690 --> 00:23:20,690 Wall Street gets bailed out. Government gets bailed out. 352 00:23:21,270 --> 00:23:22,590 Corporations get bailed out. 353 00:23:22,810 --> 00:23:26,670 Who gets stuck? A little guy lost his house, and they don't get the bailout. 354 00:23:27,770 --> 00:23:33,030 The banking, business, Wall Street establishment are in charge of who 355 00:23:33,030 --> 00:23:35,830 us at the Federal Reserve and who's at Treasury. 356 00:23:36,170 --> 00:23:39,330 It's the same group of people always end up in those spots. And they all seem to 357 00:23:39,330 --> 00:23:40,530 come out of Goldman's sack. 358 00:23:41,010 --> 00:23:43,470 Does that Goldman mean they have the gold? I don't know. 359 00:23:45,930 --> 00:23:47,770 Ron Paul didn't mince words. 360 00:23:48,230 --> 00:23:52,030 We've handed over our powers to this elite group of bankers. 361 00:23:52,250 --> 00:23:56,050 We bail them out. They give themselves bonuses. 362 00:23:56,870 --> 00:23:58,030 Enough is enough. 363 00:23:58,390 --> 00:24:00,050 I'm headed to Wall Street. 364 00:24:01,210 --> 00:24:06,310 Coming up, Jesse Ventura meets the journalistic hitman who proves Wall 365 00:24:06,310 --> 00:24:11,390 nothing more than a casino, gambling your money on their crooked games. 366 00:24:11,830 --> 00:24:14,730 They had to get a special exemption from the federal government. 367 00:24:15,310 --> 00:24:18,090 to avoid being regulated by state gaming laws. 368 00:24:19,070 --> 00:24:24,570 And later, he busts open a billionaire boys club that lives in the lap of 369 00:24:24,570 --> 00:24:26,890 while we foot the bill. 370 00:24:27,250 --> 00:24:32,170 Why don't you start leading instead of being vulturous vampires interacting 371 00:24:32,170 --> 00:24:33,850 everyone else's money? 372 00:24:42,090 --> 00:24:45,310 Jesse Ventura is out to smash the Wall Street conspiracy. 373 00:24:46,210 --> 00:24:50,390 He's seen how a small group of insiders continues to manipulate stocks and 374 00:24:50,390 --> 00:24:55,670 commodities. He's seen how they've infiltrated the government and spread 375 00:24:55,670 --> 00:25:00,790 create an international shadow government that calls the shots and runs 376 00:25:00,790 --> 00:25:01,790 lives. 377 00:25:04,770 --> 00:25:07,430 Now the governor has arrived on Wall Street. 378 00:25:09,770 --> 00:25:13,950 Of course, the first guy I meet is public enemy number one down here. 379 00:25:14,230 --> 00:25:17,990 Matt Taibbi writes about Wall Street for Rolling Stone. 380 00:25:18,570 --> 00:25:21,650 He's feared and loathed because he doesn't pull punches. 381 00:25:21,890 --> 00:25:25,090 And he explains everything in terms we can all understand. 382 00:25:25,490 --> 00:25:26,710 Put it this way. 383 00:25:27,030 --> 00:25:32,870 He's the one who called Goldman Sachs a great vampire squid wrapped around the 384 00:25:32,870 --> 00:25:33,870 face of humanity. 385 00:25:34,510 --> 00:25:40,290 Matt. Do you believe there was a conspiracy that created this entire 386 00:25:40,290 --> 00:25:46,450 Absolutely. It's a completely legal, undisguised conspiracy. Two former 387 00:25:46,450 --> 00:25:50,610 Sachs chiefs were treasury secretaries, one under Clinton and one under Bush. 388 00:25:50,790 --> 00:25:51,930 But more than that. 389 00:25:52,330 --> 00:25:56,190 The banking industry was able to go to the government any time it wanted to to 390 00:25:56,190 --> 00:25:59,050 get the kind of changes they needed to do the things that they wanted to do. 391 00:25:59,110 --> 00:26:02,090 They didn't have any limits to how much they could bet, and they gambled 392 00:26:02,090 --> 00:26:05,710 everything. It was no different than going into a casino on their part. 393 00:26:06,250 --> 00:26:09,910 and using our money to gamble with. Is that a good way to put it? It's 394 00:26:09,910 --> 00:26:12,990 absolutely. That's exactly what it was. It's as simple as that. 395 00:26:13,310 --> 00:26:18,650 Goldman Sachs and the others were like high -stakes gamblers in a Vegas casino, 396 00:26:18,970 --> 00:26:21,090 gambling our money. 397 00:26:21,310 --> 00:26:24,810 In fact, some of the instruments they were using were so much like gambling 398 00:26:24,810 --> 00:26:28,970 they had to get a special exemption from the federal government to avoid being 399 00:26:28,970 --> 00:26:30,830 regulated by state gaming laws. 400 00:26:31,030 --> 00:26:34,510 Two banks betting on whether or not some schmuck is going to pay his mortgage, 401 00:26:34,670 --> 00:26:39,770 that's gambling. And don't forget the sweetest part of their casino game. 402 00:26:40,050 --> 00:26:44,970 When Goldman Sachs and the other Wall Street players lost, their bets were 403 00:26:44,970 --> 00:26:46,230 covered by the government. 404 00:26:46,650 --> 00:26:48,710 They got their money back. 405 00:26:49,370 --> 00:26:50,950 But they didn't pay us back. 406 00:26:51,190 --> 00:26:54,190 They spread it around as bonuses. 407 00:26:54,590 --> 00:26:58,370 If you know that your mistakes are going to be wiped out by a Federal Reserve 408 00:26:58,370 --> 00:27:02,870 program or a taxpayer -funded bailout, there's no downside, there's no risk. If 409 00:27:02,870 --> 00:27:04,770 they make a mistake, we're going to pay for it. 410 00:27:05,210 --> 00:27:09,470 You have to walk pretty far from Wall Street to find the Goldman Sachs 411 00:27:09,470 --> 00:27:12,550 headquarters, the new Goldman Sachs headquarters. 412 00:27:13,150 --> 00:27:18,310 Around the same time the SEC charged the company with mortgage fraud, Goldman 413 00:27:18,310 --> 00:27:24,630 Sachs... moved into a new $2 .1 billion building on New York Harbor. 414 00:27:24,810 --> 00:27:29,210 You'd expect mobs outside picketing over all those executive bonuses. 415 00:27:29,670 --> 00:27:36,670 If they could find the place, $2 .1 billion, and they didn't even get a 416 00:27:38,130 --> 00:27:43,410 You look like an official guy, Governor Ventura. Is this the new Goldman Sachs? 417 00:27:43,550 --> 00:27:45,990 I don't really want to comment on that. Not even to me? 418 00:27:46,210 --> 00:27:47,430 No comment. 419 00:27:48,170 --> 00:27:51,150 In the United States of America. What, is this a secured area? 420 00:27:53,090 --> 00:27:54,090 Unbelievable. 421 00:27:57,190 --> 00:28:02,110 I thought I'd seen it all down here. And then I met a guy named Ross Mandel. 422 00:28:02,570 --> 00:28:05,770 He said he wanted to tell me how things really went down. 423 00:28:06,130 --> 00:28:08,250 The criminality behind it all. 424 00:28:09,310 --> 00:28:12,070 Mandel asked to meet me on the Staten Island Ferry. 425 00:28:12,330 --> 00:28:14,410 He didn't want to be seen on the street. 426 00:28:14,870 --> 00:28:16,930 I was about to find out why. 427 00:28:17,770 --> 00:28:19,690 First of all, what's your background? 428 00:28:20,090 --> 00:28:26,570 I spent 25 years on Wall Street as a broker and as a trader and 429 00:28:26,570 --> 00:28:29,950 eventually as the CEO of my own brokerage firm. 430 00:28:30,190 --> 00:28:32,690 So you truly are a Wall Street insider. 431 00:28:33,210 --> 00:28:34,149 That's correct. 432 00:28:34,150 --> 00:28:35,590 What's your status right now? 433 00:28:35,790 --> 00:28:40,910 I've been charged by the Southern District of New York with conspiracy to 434 00:28:40,910 --> 00:28:44,610 securities fraud and the actual security fraud itself. 435 00:28:45,710 --> 00:28:51,310 I was indicted and simultaneously charged by the SEC, and I'm currently 436 00:28:51,310 --> 00:28:52,350 $5 million bail. 437 00:28:52,550 --> 00:28:53,550 Really? 438 00:28:54,570 --> 00:28:59,970 Coming up, the conspiracy boils down to a plot to steal your Social Security, 439 00:29:00,290 --> 00:29:01,470 your future. 440 00:29:01,770 --> 00:29:04,630 All the numbers they've been publishing were false. 441 00:29:05,050 --> 00:29:08,210 And Jesse busts in on the fat cat party. 442 00:29:08,610 --> 00:29:11,270 Maybe they're not smarter than us after all. 443 00:29:12,170 --> 00:29:16,410 How does a guy even need to make another dollar if you got 40 million in one 444 00:29:16,410 --> 00:29:22,230 year? Yet these vultures will come back for 40 the next and 40 the year after 445 00:29:22,230 --> 00:29:26,070 and 40 the year. How much freaking money does it take? 446 00:29:28,990 --> 00:29:33,770 Jesse Ventura is meeting with a Wall Street insider who knows all too well 447 00:29:33,770 --> 00:29:36,130 criminal activities behind the recent collapse. 448 00:29:36,910 --> 00:29:42,530 Ross Mandel is accused of swindling $140 million from investors, selling 449 00:29:42,530 --> 00:29:43,530 worthless stock. 450 00:29:43,950 --> 00:29:46,590 He's facing 25 years in prison. 451 00:29:46,850 --> 00:29:50,750 But he's nothing compared to what the big guys are pulling off. 452 00:29:51,630 --> 00:29:56,490 You're small peanuts compared to the guys that should be gone after in your 453 00:29:56,490 --> 00:29:59,950 opinion. Goldman Sachs just admitted wrongdoing. Nobody got arrested. 454 00:30:00,170 --> 00:30:03,690 Nobody got purported. No one got indicted. How pathetic is that? 455 00:30:04,120 --> 00:30:06,180 There are people that are being forced out of their homes. 456 00:30:06,400 --> 00:30:08,440 There are 10 million Americans without jobs. 457 00:30:09,560 --> 00:30:11,520 Wall Street's full of con men. 458 00:30:11,780 --> 00:30:16,860 But now, a guy who's been painted as a crook is painting himself as the last 459 00:30:16,860 --> 00:30:18,160 honest man in the game. 460 00:30:19,480 --> 00:30:25,160 Was this a conspiracy, what went down this last massive, as they call it, 461 00:30:25,180 --> 00:30:31,720 recession or bailout? It was a massive conspiracy, which is ongoing 462 00:30:31,720 --> 00:30:32,720 right now. 463 00:30:33,290 --> 00:30:39,910 It is a conspiracy of institutional corruption from the highest level 464 00:30:39,910 --> 00:30:44,010 that exists in our country. And it filters all the way down. 465 00:30:44,350 --> 00:30:45,750 This is not a recession. 466 00:30:46,030 --> 00:30:53,030 What is it then? The destruction of the American economy, the evisceration of 467 00:30:53,030 --> 00:30:55,250 the wealth of America, the rape. 468 00:30:55,900 --> 00:30:56,980 of the wealth of America. 469 00:30:57,240 --> 00:31:02,580 What you're telling me was this was a rape, a robbery of the United States 470 00:31:02,580 --> 00:31:07,760 economy by a small group of individuals on Wall Street. Not just Wall Street. 471 00:31:07,860 --> 00:31:11,580 This goes to the highest levels of the United States government. The 472 00:31:11,580 --> 00:31:18,180 gatekeepers, the Congress, passing laws that were intended to allow Wall Street 473 00:31:18,180 --> 00:31:19,260 to rape and pillage. 474 00:31:19,660 --> 00:31:24,240 Everything Ross Mandel was saying fell right in line with what we learned from 475 00:31:24,240 --> 00:31:28,000 the Wall Street players and the Washington power brokers alike. 476 00:31:28,320 --> 00:31:29,360 It's a conspiracy. 477 00:31:30,060 --> 00:31:35,360 AIG, the largest insurance company in the world, was a public company on the 478 00:31:35,360 --> 00:31:39,520 York Stock Exchange. One morning, the chairman and CEO of AIG got on national 479 00:31:39,520 --> 00:31:41,440 television and said, we're in trouble. 480 00:31:42,140 --> 00:31:45,720 We need $130 billion. 481 00:31:47,180 --> 00:31:50,320 to stay open. And by the way, we need it by Monday. 482 00:31:51,020 --> 00:31:52,440 We need the money by Monday. 483 00:31:52,880 --> 00:31:58,480 This is a company regulated by the Stock Exchange, by the SEC, by Congress, by 484 00:31:58,480 --> 00:31:59,740 all the insurance regulators. 485 00:32:00,040 --> 00:32:01,560 The most regulated... 486 00:32:02,380 --> 00:32:06,120 the largest insurance company on Earth. That means to me all the numbers they've 487 00:32:06,120 --> 00:32:07,700 been publishing were false. 488 00:32:07,920 --> 00:32:12,680 Nobody went to jail. It gets worse. The same week, Hank Paulson, Secretary of 489 00:32:12,680 --> 00:32:16,580 the Treasury, former CEO of Goldman Sachs, gets on television and says, 490 00:32:16,580 --> 00:32:18,780 trouble. The country's in big trouble. 491 00:32:19,000 --> 00:32:20,620 We need $650 billion. 492 00:32:21,160 --> 00:32:24,200 And by the way, don't ask us where it's going because we don't have time to 493 00:32:24,200 --> 00:32:26,580 explain. Otherwise, everything's going to collapse. 494 00:32:27,140 --> 00:32:28,140 Okay. 495 00:32:28,340 --> 00:32:32,660 AIG gets its $130 billion by Monday. Nobody knows really where the money 496 00:32:32,820 --> 00:32:34,200 There's no accountability. 497 00:32:34,520 --> 00:32:40,400 Now, what I can tell you is the majority of the money went to a company called 498 00:32:40,400 --> 00:32:41,660 Goldman Sachs. 499 00:32:41,940 --> 00:32:47,900 And there it is again, Goldman Sachs. You see, Goldman Sachs... 500 00:32:48,160 --> 00:32:49,660 Does a lot of trading with AIG. 501 00:32:49,940 --> 00:32:54,060 And that's why the Secretary of the Treasury made sure that AIG got their 502 00:32:54,220 --> 00:32:58,800 So that that money could then be passed to Goldman Sachs. 100 cents on the 503 00:32:58,800 --> 00:33:02,400 dollar. This is a company that's facing more than bankruptcy. 504 00:33:02,740 --> 00:33:05,240 Total insolvency to the hundreds of billions. 505 00:33:05,480 --> 00:33:10,100 It's nice to have that insider in government, isn't it? It would be 506 00:33:10,100 --> 00:33:14,220 fact, Jesse, I'm about 60 billion short. You think maybe, you know. 507 00:33:15,120 --> 00:33:20,840 If the conspiracy isn't confusing enough, it keeps expanding because the 508 00:33:20,840 --> 00:33:25,600 situation draws in another group of players. The companies that analyze 509 00:33:25,600 --> 00:33:30,000 businesses and governments and give advance warning that they're unstable. 510 00:33:30,660 --> 00:33:35,980 Investors rely on these guys to give an honest appraisal, not to be in cahoots. 511 00:33:36,160 --> 00:33:38,380 They have what they call rating agencies. 512 00:33:38,600 --> 00:33:43,160 Moody's, Standard and Poor's. The interesting thing is AIG's ratings. 513 00:33:44,060 --> 00:33:50,980 on their paper, was A . A , while they had to come and run and say, get 514 00:33:50,980 --> 00:33:54,240 us $130 billion by Monday? By Monday! 515 00:33:54,640 --> 00:33:58,420 You know, I don't know if anybody has a problem with that, but if you come up a 516 00:33:58,420 --> 00:34:01,760 little short, let's say to the $100 billion, you shouldn't have an A rating, 517 00:34:01,840 --> 00:34:06,260 correct? It shows that they were in bed with the Wall Street investment banks, 518 00:34:06,460 --> 00:34:10,400 with Congress, with the White House, so forth and so on. 519 00:34:10,699 --> 00:34:12,760 It's one giant stamp. 520 00:34:15,120 --> 00:34:16,400 And that's nothing. 521 00:34:17,460 --> 00:34:22,900 Some experts say these rating agencies are conspiring to downgrade the 522 00:34:22,900 --> 00:34:24,620 government's credit rating. 523 00:34:25,139 --> 00:34:27,239 To kill Social Security. 524 00:34:28,500 --> 00:34:33,860 Privatize it. Give private bankers trillions in retirement funds and 525 00:34:33,860 --> 00:34:34,860 funds. 526 00:34:35,199 --> 00:34:38,260 So that they can gamble that away too? 527 00:34:45,360 --> 00:34:49,179 How do I answer when people say to me, Ross is under indictment? 528 00:34:49,400 --> 00:34:52,540 Governor Ventura, how can you believe a man under indictment? 529 00:34:52,800 --> 00:34:59,760 If you listen to the words that I speak with an open mind, you're going 530 00:34:59,760 --> 00:35:04,960 to hear the truth. An American knows the truth in its gut, in its heart. And I 531 00:35:04,960 --> 00:35:05,960 speak the truth. 532 00:35:06,020 --> 00:35:10,100 And I challenge anybody, anybody, anywhere, anytime. 533 00:35:10,800 --> 00:35:12,620 to challenge what I've said here today. 534 00:35:12,840 --> 00:35:14,460 You all know it's the truth. 535 00:35:14,700 --> 00:35:16,660 I left Ross Mandel at the ferry. 536 00:35:17,100 --> 00:35:19,080 Who knew when I'd see him again? 537 00:35:19,600 --> 00:35:21,000 I had enough information. 538 00:35:21,480 --> 00:35:23,080 It was time to share. 539 00:35:23,660 --> 00:35:26,460 Time to break up the fat cat party. 540 00:35:26,880 --> 00:35:28,440 Well, well, well. 541 00:35:29,680 --> 00:35:31,280 I've been waiting for you guys. 542 00:35:31,700 --> 00:35:33,560 If you don't mind, I'll dig right in. 543 00:35:33,980 --> 00:35:35,560 This was the boys club. 544 00:35:35,920 --> 00:35:38,160 These guys are the big time traders. 545 00:35:39,190 --> 00:35:41,010 They don't look so tough now. 546 00:35:41,250 --> 00:35:46,190 Got a list here. Mark Patterson, Hank Paulson, Ed Liddy, William Dudley, the 547 00:35:46,190 --> 00:35:50,350 previous heads of the Federal Reserve, the head of the New York Stock Exchange, 548 00:35:50,630 --> 00:35:54,590 the head of the World Bank, and the heads of the Canadian and Italian 549 00:35:54,590 --> 00:35:58,010 Bank. All these people have one thing in common. 550 00:35:58,670 --> 00:36:01,210 They all work for Goldman Sachs. 551 00:36:01,830 --> 00:36:03,570 Now, gentlemen, come on. 552 00:36:04,620 --> 00:36:07,680 You're going to sit here and look me in the eye and tell me there's not a 553 00:36:07,680 --> 00:36:11,400 conspiracy or at least a conflict of interest going on here? 554 00:36:11,900 --> 00:36:15,720 Well, if you're going to have one company that all those people are going 555 00:36:15,720 --> 00:36:20,460 come from, my guess is that company is attracting the sharpened talent that 556 00:36:20,460 --> 00:36:23,580 there is out there. I would imagine that Goldman Sachs is hunting for the best 557 00:36:23,580 --> 00:36:27,360 people. None of the other firms would have that type of quality person. A lot 558 00:36:27,360 --> 00:36:28,360 other firms. 559 00:36:28,460 --> 00:36:30,560 Why would they all fall? Come on, man. 560 00:36:31,130 --> 00:36:32,150 Don't give me the BS. 561 00:36:32,450 --> 00:36:35,870 How can they all fall from the same company? 562 00:36:36,130 --> 00:36:37,450 Let's put it into perspective. 563 00:36:37,710 --> 00:36:42,650 Goldman Sachs would be like a premier college football program. The NFL comes 564 00:36:42,650 --> 00:36:47,510 and picks the brightest and pays them the best. Yes, and I'll counter that by 565 00:36:47,510 --> 00:36:51,290 saying, does the same college football team win the national title every year? 566 00:36:51,390 --> 00:36:55,690 No. In 2008, the worst year of the financial crisis. 567 00:36:56,300 --> 00:37:01,220 Right. The chairman of Goldman Sachs makes forty two point nine million that 568 00:37:01,220 --> 00:37:08,160 year. Yet Goldman as a company only paid 14 million in taxes. Guys, where do I 569 00:37:08,160 --> 00:37:13,260 find your tax man? And how in the hell do you keep internal revenue off your 570 00:37:13,260 --> 00:37:19,460 back? If I filled out a tax return that was anywhere close to being as obnoxious 571 00:37:19,460 --> 00:37:23,460 as this is, internal revenue would have my ass down there. 572 00:37:23,820 --> 00:37:29,380 and I'd be telling them how much my wife pays for shampoo, how these people on 573 00:37:29,380 --> 00:37:30,820 Wall Street sleep at night. 574 00:37:31,520 --> 00:37:34,560 Believe me, I was just getting warmed up. 575 00:37:35,600 --> 00:37:40,920 Coming up, Jesse Ventura body slams the Wall Street bully boy. 576 00:37:41,320 --> 00:37:45,860 It's the same job whether you're managing $1 ,000 or a trillion. 577 00:37:46,320 --> 00:37:50,660 You're just working with a different decimal point. And look who's joining in 578 00:37:50,660 --> 00:37:51,660 the pile -up. 579 00:37:51,790 --> 00:37:53,470 The burning of wrong. 580 00:37:56,270 --> 00:38:01,410 Jesse Ventura and merciless financial journalist Matt Taibbi are squaring off 581 00:38:01,410 --> 00:38:07,890 with a group of Wall Street insiders, traders from top firms, self -proclaimed 582 00:38:07,890 --> 00:38:09,530 masters of the universe. 583 00:38:10,560 --> 00:38:15,040 The ones who managed to profit even after the market collapsed on the backs 584 00:38:15,040 --> 00:38:16,040 American taxpayers. 585 00:38:16,480 --> 00:38:22,040 But I'm still coming after you guys for sitting there and taking $40 million 586 00:38:22,040 --> 00:38:27,960 bonuses when this country's in a huge recession, people are losing their 587 00:38:28,120 --> 00:38:33,500 they can't pay for nothing. How someone at Goldman Sachs can take a $40 588 00:38:33,500 --> 00:38:35,680 million... Maybe we shouldn't have bailed. 589 00:38:36,940 --> 00:38:41,660 bullcrap. It's the same job whether you're managing a thousand dollars or a 590 00:38:41,660 --> 00:38:46,180 trillion. You're just working with a different decimal point. All it is is 591 00:38:46,180 --> 00:38:47,340 numbers on a paper. 592 00:38:47,580 --> 00:38:50,580 You know what I take offense to? I'm getting very offensive with New Yorker. 593 00:38:50,600 --> 00:38:54,640 That you think the chairman of Goldman Sachs getting $40 million is a lot of 594 00:38:54,640 --> 00:38:57,540 money when a shortstop for the Yankees gets $30 million. 595 00:38:57,760 --> 00:39:02,440 You don't think his job is 5 million times more important than Ava? The 596 00:39:02,440 --> 00:39:06,740 is the taxpayers paid for it. The Yankees isn't getting paid by the U .S. 597 00:39:06,760 --> 00:39:08,640 taxpayers. Excuse me, gentlemen. 598 00:39:09,320 --> 00:39:11,280 I'm sorry to interrupt, but... 599 00:39:12,140 --> 00:39:14,480 I'm just standing here overhearing this conversation. 600 00:39:14,900 --> 00:39:17,140 I asked Ross Mandel to stop by. 601 00:39:17,400 --> 00:39:22,300 Wall Street's got to be the only place where the guy facing swindling charges 602 00:39:22,300 --> 00:39:25,420 can lecture the big shots about ethics. 603 00:39:25,720 --> 00:39:31,640 What did it cost this country, this nation, Americans, for this corrupt 604 00:39:31,640 --> 00:39:35,220 conspiracy that is ongoing right now? 605 00:39:35,540 --> 00:39:39,780 If you think America is a super financial power, it was. 606 00:39:41,790 --> 00:39:46,030 We're sitting around and we are watching the burning of Rome. 607 00:39:46,270 --> 00:39:51,950 The country has been eviscerated. It has been raped by the powers that be. 608 00:39:52,170 --> 00:39:56,810 What did Washington do? It bailed them out. It propped up those banks. And why 609 00:39:56,810 --> 00:39:59,830 did it prop up those banks? Because it felt like those banks were necessary. 610 00:40:00,250 --> 00:40:04,650 Wait, wait, wait. Were they necessary? No. Because they happen to be the 611 00:40:04,650 --> 00:40:05,650 donors. 612 00:40:06,060 --> 00:40:12,020 to the special interest thieves that we have elected in this country. It's 613 00:40:12,020 --> 00:40:16,020 called public choice. You can't blame Goldman Sachs for a system that's 614 00:40:16,140 --> 00:40:21,080 Why not when it's Goldman Sachs' people who are working and creating the system? 615 00:40:22,370 --> 00:40:27,490 Why did the congressman and senators see your way and do it that way? Because we 616 00:40:27,490 --> 00:40:28,490 paid them off. 617 00:40:28,970 --> 00:40:32,190 As this gentleman will tell you, we're something else. 618 00:40:32,510 --> 00:40:35,490 All these acts are bigger than the United States government, people. 619 00:40:35,690 --> 00:40:36,950 Stop being so naive. 620 00:40:37,190 --> 00:40:39,330 Forget about new laws and regulations. 621 00:40:39,950 --> 00:40:42,070 Forget about lessons learned. 622 00:40:43,080 --> 00:40:44,740 greeds the game here. 623 00:40:45,040 --> 00:40:50,740 Hank Paulson had a salary from Goldman Sachs in 2006 of 38 million bucks, and 624 00:40:50,740 --> 00:40:53,520 the next year he becomes the Secretary of the Treasury. 625 00:40:54,320 --> 00:40:58,360 My goodness, I guess he just felt it was time for some public service after he 626 00:40:58,360 --> 00:41:00,400 made $38 million. 627 00:41:00,780 --> 00:41:03,880 Lucky timing. Lucky timing that he became available. 628 00:41:04,100 --> 00:41:06,820 Hank Paulson during the AIG bailout is on the telephone with Lloyd Blankfein 629 00:41:06,820 --> 00:41:11,440 constantly, and Goldman Sachs ends up with $13 billion to the AIG bill. You 630 00:41:11,440 --> 00:41:12,960 don't think that's a conflict of interest? 631 00:41:13,660 --> 00:41:18,140 That's the U .S. government's fault. You have to create laws to prevent this. 632 00:41:18,280 --> 00:41:22,680 What you're telling me is that you have no conscience and that it's up to us to 633 00:41:22,680 --> 00:41:23,658 create laws. 634 00:41:23,660 --> 00:41:28,240 keep you from doing what's right or wrong. It's up to you people to realize 635 00:41:28,240 --> 00:41:30,440 ain't your job to go out and rape and pillage. 636 00:41:31,140 --> 00:41:36,460 When I look at bonuses like this, that's obscene. You have to change the system. 637 00:41:36,500 --> 00:41:38,760 We know that. You're speaking to the choir here. 638 00:41:39,020 --> 00:41:40,540 You're talking to the independent. 639 00:41:40,820 --> 00:41:45,560 I know the system's screwed and you all work in it like thieves in the night. 640 00:41:46,080 --> 00:41:50,820 Because you profit from it, there's no risk when you know the federal 641 00:41:50,820 --> 00:41:56,800 government's waiting to bail you out. Hell, I'd love to go to Vegas and be 642 00:41:56,800 --> 00:42:02,060 to sit down at Charles Barkley and Michael's table and be able to play 10 643 00:42:02,060 --> 00:42:07,520 a hand as long as I know I got somebody behind the door that no matter how much 644 00:42:07,520 --> 00:42:11,120 I lose in this bet, he's going to reimburse me. 645 00:42:11,380 --> 00:42:13,100 So hell, let's bet. 646 00:42:15,370 --> 00:42:19,990 Let's get out of here. And I'll keep fighting for the little guy and kick 647 00:42:19,990 --> 00:42:20,990 asses. 648 00:42:24,030 --> 00:42:28,370 Things were looking up when the Securities and Exchange Commission 649 00:42:28,370 --> 00:42:30,290 Goldman Sachs with fraud. 650 00:42:30,650 --> 00:42:36,770 But before you knew it, Goldman settled the case by peeling $550 million 651 00:42:36,770 --> 00:42:38,590 off its bankroll. 652 00:42:39,430 --> 00:42:40,430 That's what? 653 00:42:40,690 --> 00:42:44,010 4 % of what they made in the last quarter? 654 00:42:44,810 --> 00:42:47,790 And they didn't even have to admit they did anything wrong. 655 00:42:48,290 --> 00:42:54,770 And they got $13 billion in the bailout. Lucky for them, the head of the 656 00:42:54,770 --> 00:42:59,510 Securities and Exchange Commission's enforcement division is a former Goldman 657 00:42:59,510 --> 00:43:00,630 Sachs executive. 658 00:43:01,010 --> 00:43:05,990 Like we found out, no one on Wall Street or in Washington is going to pay the 659 00:43:05,990 --> 00:43:09,250 piper as long as the taxpayer is picking up the tab. 660 00:43:09,810 --> 00:43:11,650 Is there another crash coming? 661 00:43:12,150 --> 00:43:13,570 I'll hope for the best. 662 00:43:14,140 --> 00:43:19,580 In the meantime, I'll be watching my money. I don't trust any of these 663 00:43:19,580 --> 00:43:23,220 I'm Jesse Ventura, and this is Conspiracy Theory.