Original subtitles

Hidden power, secrets, cover -ups, corruption.

You think you know the whole story?

Think again.

I've been governor, a Navy SEAL, a fighter.

I've heard things that'll blow your mind. And now I think it's time you get

whole story.

Now, Wall Street.

Jesse Ventura exposes a sinister global plot to bankrupt you, me, and our nation

while typing a financial death grip on the world.

It was a massive conspiracy which is ongoing right now.

It is a conspiracy of institutional corruption from the highest level.

From international bankers to the super rich.

From Washington to Rome.

They're all in it together.

And when their reckless schemes unravel, they rip us off for billions in

bailouts. They blow it up, it collapses, we're going to pay for it. It's an

elite club that's lining their pockets with your money.

And they'll crush anyone who stands in their way.

I was scared half to death. Nobody would fly with me for about a year. I'm

afraid they're going to blow up the plane.

A commercial plane?

These liars and cheats haven't only infiltrated the government, they own the

government. They're loyal to money.

And to power.

Jesse Ventura follows the money. He heads to the street. He finds where they

hiding. No comment.

In the United States of America, what, is this a secured area?

He meets them face to face.

Well, well, well.

And he's not taking any bull as he kicks open the worldwide Wall Street

conspiracy.

I'm Jesse Ventura, and this is Conspiracy Theory.

Manhattan, inside an exclusive meeting of Wall Street insiders. A billionaire

boys club whose high -risk gambling with our money led to financial disaster.

Now these crooks are being set up.

Invited to this get -together by Jesse Ventura's team.

They don't expect the next guest who's about to arrive.

I've been waiting for you guys.

Jesse Ventura has crashed their inner circle, and he's ready to make them pay.

Nothing gets me madder than what these crooks did on Wall Street.

They brought the economy to its knees.

And even today, most of us don't understand how they did it.

They're like crooked car mechanics, hiding behind confusing language and

while they rip us off.

Well, I'm going to sort it out. I'm going to find out how Wall Street

Main Street.

I needed a place to start, and a guy named Bill Murphy provided it. He's a

Street guy who works in the commodities market, and he's mad, real mad.

He claims the Wall Street Club and the government are in cahoots and still

playing their dirty games.

Bill Murphy?

What do you have for me Governor, I have the financial story of a lifetime for

you. You're talking about Wall Street here, right? Yeah, I'm talking about

Street. I'm talking about the people that have got this country in so much

trouble. What's going on in Wall Street between the Fed, the Treasury, our

government, and the big Wall Street firms, the big banks, is causing serious

problems in America, and this has to be addressed.

It's continuing.

All they're doing is papering over things.

It's the same people in power. The same things are going on. The big banks in

New York and the U .S. government are hurting the little guy in America.

guy remember this financial crisis began with mortgages for the little guy

lenders gave mortgages to people they knew couldn't afford to pay them back

companies like goldman sachs bundled all these bad loans together and figured a

way to resell all that junk like it was a brand new thing they played both sides

and they made billions whether people paid their loans or went belly up That's

how he first got involved in this almost 12 years ago.

Goldman Sachs was everywhere when it came to manipulation of the market.

Bill Murphy represents a group called the Gold Antitrust Action Committee.

He saw trouble before anyone else.

He raised the alarm big time in the media and in Washington.

But no one listened.

We put an ad, a $264 ,000 ad in the Wall Street Journal. We warned of coming as

of January 31st, 2008. We warned of coming catastrophe and disaster, and

exactly what happened.

Bill Murphy also testified in Washington in front of the Commodities Futures

Trading Commission.

Bill Murphy's testimony should have made big news, but it didn't get any play.

Notice how he's rushing through his statement.

That's because the commission was cutting him off in more ways than one.

I realized I had to make like the Roadrunner and read this thing fast so

whole thing could be heard to get all the information we wanted out there. It

was televised. But when I gave my testimony, the television feed went out.

soon as I was done, the television feed came back on. So literally everything

you said was censored. Was censored.

But Bill Murphy had one more surprise up his sleeve at that hearing. Without any

advance warning, he told about a trader who had evidence the big banks were

manipulating the markets.

Mr. McGuire has been told firsthand by traders working for JPMorgan Chase that

JPM manipulates the precious metals markets and they brag how they make

doing so.

Who was Andrew McGuire? Andrew McGuire was a former Goldman Sachs trader in

London. They wouldn't let him testify.

So he sent me the information, and I made this surprise presentation, and

weren't ready for it. So we could classify Andrew McGuire a whistleblower.

time. Maybe one of the biggest of all time. Well, we know what happens to

whistleblowers. Next day, he and his wife were hit by a car.

Now, have you had any problems personally?

Within the six -week period, my website was hacked, my car was stolen.

I was hit with brass knuckles and blocked from my house, and I thought my

was broken, and I was scared half to death. Nobody would fly with me for

year. What do you mean nobody would fly? They were afraid they were going to

blow up the plane.

A commercial plane?

This is a story they don't want to tell. The United States government would

rather have our nuclear secrets told than what they're doing in Wall Street.

You always hear these kind of stories out there, insiders, club of insiders,

people in the know. What do you know about that? Is that true?

Well, all I think we have to go back to is when we had the recent financial

crisis. Who was bailed out?

Goldman Sachs, AIG got covered.

All this money went to them to make sure they were okay.

They took too big a risk. They got beat and they got bailed out. Well, when us

as little guys take big risks and we lose, we go bankrupt.

If Bill Murphy's right, these guys on Wall Street are still up to their old

tricks. Only now, it could be even worse.

Well, it's time to get my investigators on the case.

Look, people, I talked to this guy named Bill Murphy.

He's a Wall Street insider, has worked there for years, and he told me that

was a scam from the word go. This whole Wall Street meltdown.

We've got to get on this. It sounds like you're just getting angry at these guys

because they're intelligent. It's a very small world on Wall Street. They're

very smart guys, and they're doing things that nobody else understands, and

they're going to get away with it. No.

They got away with it until they got caught.

Right, but you're acting as if it's some kind of club.

The meltdown happened because you sold a bunch of mortgages to people who

couldn't afford to pay them. It was really that simple. We shove mortgages

people who can't afford the mortgages, and then what do they do? They take them

and they sell them to somebody else overseas.

And then...

Goldman Sachs bets both sides of the equation. They're a winner either way

because they got their bets covered on each side. At some point, you got to go,

this is a rigged game.

People, it's time to become the old proverbial fly in the ointment.

Let's invade this so -called elite club.

Coming up, an insider spills the beans about Goldman Sachs and the liar's

Did they call you a rat?

No. Then, the economy's collapse is tied to Rome and a secretive religious group

right out of a Dan Brown novel.

They've been compared to Opus Dei.

From the Da Vinci Code.

Jesse Ventura arrives on Wall Street and crashes the billionaire boys club in

the middle of it all.

Well, well, well.

Jesse Ventura is tracking down the Wall Street conspiracy.

He's investigating how a club of insiders caused the financial collapse,

billions on the backs of you and me, and is setting the stage for another big

fall.

We were just starting to get under the surface of this Wall Street conspiracy.

My team was arranging a little get -together for a group of big -time

and insiders.

I was planning to head to New York and stop in unannounced.

My investigators were also hard at work.

Daniel was in downtown Los Angeles trying to hook up with a Goldman Sachs

turncoat. And June was in Kansas City. She was meeting with a real expert on

way Wall Street works.

I'm a white -collar criminologist.

William Black wrote a book called The Best Way to Rob a Bank is to Own One.

Sounds like a guy who knows Wall Street.

What exactly happened in the most recent financial crisis?

Was there criminal activity involved?

There was enormous criminal activity. Indeed, the crisis was brought on by

criminal activity.

Nothing was done even when the industry...

called what it was doing, selling liar's loans.

So what is a liar's loan?

A liar's loan.

Nice name for mortgages given to people the banks know won't be able to make the

payments. So why would they want to do that?

A liar's loan is where the loan broker creates information. What's your income?

What's your job? What's your assets are?

And I, the lender, agree to believe whatever you tell me and not look.

Were people encouraged to lie in terms of the loans?

Yes, and indeed, most of the lying wasn't by the individual borrower. It

the loan brokers.

Of course, it destroys the institution, but they walk away rich.

There it is again.

They work both sides of the game.

It was a Ponzi scheme.

The bucks kept rolling in as long as they kept selling those bad loans.

They won either way.

And there's no greater example of that than the guys at Goldman Sachs.

Or as Daniel was finding out, the gals.

Nomi Prins is a Wall Street veteran. She used to be a managing director at

Goldman Sachs.

Now, she's known as a whistleblower.

How tight is the relationship between Goldman Sachs and the federal

There are more higher level officials that have come through Washington and

Goldman Sachs than from any other firm. That's why the idea of Goldman being

called government Sachs isn't so much a conspiracy as a fact.

Government Sachs, the unholy alliance between these corporate lowlifes and the

people we vote for.

This is where the conspiracy really starts to get underused.

Why have they been called Goldman Sachs?

Goldman Sachs is called that because whether it's a Republican or a

administration, if you look around, there's an amazing number of senior

that have come from the Goldman Sachs background.

And because they seem to act in a way that is very good for Goldman Sachs and

not very good for the country.

In fact, Paulson, who became the Treasury Secretary under George Bush, he

to run Goldman. Goldman was his empire, effectively.

So now he goes and he's running the Treasury Department. And he gets to take

friendships, his philosophies, his relationships into that office.

And loyalty is very key on Washington. That extends once they get to

It's not a myth. It happens.

And then they were betting against their clients.

Why would they do this?

For example, Hank Paulson gets Goldman Sachs very heavily into purchasing

these terrible mortgages. The people at Goldman look at these loans and they

say, these are really terrible. So they start selling these.

And what we call shorting, which is betting that they're going to drop in

They sell them before the drop.

And they suffer either virtually no loss or maybe even a small profit.

So really it was a house of cards.

Oh, a house of cards doesn't begin to capture how flimsy this.

A house of cards can actually last for a fairly long time. This was guaranteed

to fail. The only issue was when.

And it was guaranteed to produce massive fictional income at first and make the

CEOs and senior officers rich.

They were making money even when they knew the ship was sinking. And they were

using the ship owner's money to do it.

Nomi Prins made that really clear and really ominous. She talked about a

in June 2008.

Treasury Secretary Paulson meeting his old pals on the Goldman Sachs board in

the middle of the financial crisis.

Even though he'd signed an ethics agreement not to contact them.

The meeting took place in Moscow, Russia.

So basically the country's burning.

And Paulson goes to Moscow to sell gasoline.

Basically, he went to Moscow and he wanted to convince people there to

to buy stuff that was created out of our mortgages to keep it going for the

finance people.

It was a secret meeting.

Paulson and his big bank buddies.

A few months later, Goldman got its status changed to holding company.

It went from oversight by the Securities and Exchange Commission to the Federal

Reserve. The New York Fed Board was full of Goldman Sachs alum.

The chairman, Tim Geithner, became Obama's Treasury Secretary.

He'd helped direct the bailout that gave close to $13 billion to, you guessed

it, Goldman Sachs.

They're loyal to money and to the company. And to power.

Hundreds of CEOs should be convicted, and that hasn't happened. Because the

way to prosecute elite white -collar criminals, it's very tough, is to have

regulators serve as your sherpa, your guide. None of that happens anymore.

This question of accountability doesn't end with Washington.

Daniel saw it standing right in front of him, wearing a dress.

All of these guys who have done really just horrible things are in their homes

right now or in their fancy cars sitting on giant piles of cash.

There are hundreds of millions of dollars of money that they have been

on. Do you think these guys should be in prison?

I think some of them should be in prison.

You were with... Lehman Brothers.

Yes. And you were with Goldman.

Yes. And you were with Bear Stearns. Yes.

Stationed in a powerful position.

I was, and I did the battle. You're there in the room, and you know that

f***ing us all.

It feels like something I have to escape from. I was a part of it, and I felt I

needed to get out, and more than that, I needed to tell people what was going on

inside.

Did they call you a rat?

Not to my face.

Coming up, a Da Vinci Code twist that leads to a secret elite group gaining

control of America.

All roads lead to Rome.

The government heads to Washington and outs the shadow government, pulling the

strings to disaster.

They inflated the currency.

They created the bubble.

And later, he busts in on Goldman Sachs' billion -dollar palace. Is this the new

Goldman Sachs? I don't really want to comment on that. Not even to me?

No comment.

Jesse Ventura and his team are finding new accomplices in the Wall Street

conspiracy.

And the leads are coming from all angles.

Investigator Daniel Cooken gets a tip that could be out of a Dan Brown novel.

On this one, all roads lead to Rome.

Michael Stum subscribes to an internet finance message board on which a

mysterious conspiracy theorist...

predicted the exact date of the recent crash based on the activities of a

secretive group called Legatus.

Legatus. They're a Catholic networking organization composed of businessmen

around the world. The richest.

They're the richest. They're the most influential. They advertise for

membership, but they have closed -door meetings.

They've been compared to Opus Dei.

From the Da Vinci Code. Straight out of the Da Vinci Code.

Opus Dei, the Catholic group was shadowy and villainous in the Da Vinci Code. It

was started in 1928, the year before the great stock market crash.

Legatus began in 2007, a year before the crash predicted by the Internet seer.

According to this guy, Reinhart.

When Legatus members make pilgrimages to Rome, they write huge donation checks

to the Vatican Bank. When checks from all these Wall Street insiders clear on

the same date, that's when the media reports on unorthodox accounting.

That's when stock fall, markets crash.

Did anybody prove this?

September 15, 2008 was the crash.

Months earlier, Reinhart had predicted that very date, clearly seeing this as

one strand of a larger pattern.

Whether the Legatus theory is real or not, it points back to the same club of

insiders.

Okay, there's one thing we haven't talked about. The Federal Reserve Bank.

Here's the super bank that runs all of our money.

The Federal Reserve Bank has done pretty well so far. America's the richest

country in the world. You know who they answer to?

Nobody. Not the president, not Congress, not the people. They do whatever they

want.

Well, if it's the Fed, I know somebody, but it's going to require me to take a

little detour before I get to Wall Street.

That detour takes Jesse Ventura to Washington, D .C., home of the Federal

Reserve, America's banking system.

The Fed was wrapped in conspiracy from the start.

Created in 1913 by an elite group of international bankers, meeting at a

called Jekyll Island.

It was set up to bring stability after a financial panic.

A panic caused by those same bankers.

Many believe those bankers formed a shadow government that thrives today.

We know the feds print our cash, then loan it out at interest, which we pay in

taxes.

We know it influences interest rates and manipulates the market.

We know it's been the source of just about every major crash.

The Fed.

I might have known the shadow government would be mixed up in this.

But there's one man in the other government who's got them nailed.

Congressman Ron Paul from Texas.

What was the Fed's role in this current financial collapse we went through?

Well, if I had to find one group or one person responsible for the collapse, I

would put it at the feet of the Fed. They inflated the currency.

Look at the housing bubble. The housing bubble couldn't have happened if there

had not been money created in there because where would the credit have come

from? So the Fed did as they created the bubble.

Ron Paul was telling me exactly what Bill Murphy had warned about.

It was the Federal Reserve behind this. Interest rates have been kept too low

for the benefit of the Wall Street bankers, and it's led to the financial

of the day.

What control do you as a congressman or does our government have over the

Federal Reserve?

In theory, they have some control if they wanted to, but they relinquish

control, really. We have a dictator, and he's the chairman.

So Bernanke is king.

Ben Bernanke, head of the Fed, a king among us paupers, appointed by Bush,

retained by Obama, so much for being separate.

from the government.

He's king, he's the dictator, he's a monetary dictator, and he, I imagine, he

thinks he's doing the Lord's work, but he really isn't. He's kowtowing to the

big banks, big corporations, bails out big government, and gets us all into

trouble. One of my biggest beefs in Washington is that the Congress is

in their duties.

And this crisis we just went through, it sort of proved our concerns.

Wall Street gets bailed out. Government gets bailed out.

Corporations get bailed out.

Who gets stuck? A little guy lost his house, and they don't get the bailout.

The banking, business, Wall Street establishment are in charge of who

us at the Federal Reserve and who's at Treasury.

It's the same group of people always end up in those spots. And they all seem to

come out of Goldman's sack.

Does that Goldman mean they have the gold? I don't know.

Ron Paul didn't mince words.

We've handed over our powers to this elite group of bankers.

We bail them out. They give themselves bonuses.

Enough is enough.

I'm headed to Wall Street.

Coming up, Jesse Ventura meets the journalistic hitman who proves Wall

nothing more than a casino, gambling your money on their crooked games.

They had to get a special exemption from the federal government.

to avoid being regulated by state gaming laws.

And later, he busts open a billionaire boys club that lives in the lap of

while we foot the bill.

Why don't you start leading instead of being vulturous vampires interacting

everyone else's money?

Jesse Ventura is out to smash the Wall Street conspiracy.

He's seen how a small group of insiders continues to manipulate stocks and

commodities. He's seen how they've infiltrated the government and spread

create an international shadow government that calls the shots and runs

lives.

Now the governor has arrived on Wall Street.

Of course, the first guy I meet is public enemy number one down here.

Matt Taibbi writes about Wall Street for Rolling Stone.

He's feared and loathed because he doesn't pull punches.

And he explains everything in terms we can all understand.

Put it this way.

He's the one who called Goldman Sachs a great vampire squid wrapped around the

face of humanity.

Matt. Do you believe there was a conspiracy that created this entire

Absolutely. It's a completely legal, undisguised conspiracy. Two former

Sachs chiefs were treasury secretaries, one under Clinton and one under Bush.

But more than that.

The banking industry was able to go to the government any time it wanted to to

get the kind of changes they needed to do the things that they wanted to do.

They didn't have any limits to how much they could bet, and they gambled

everything. It was no different than going into a casino on their part.

and using our money to gamble with. Is that a good way to put it? It's

absolutely. That's exactly what it was. It's as simple as that.

Goldman Sachs and the others were like high -stakes gamblers in a Vegas casino,

gambling our money.

In fact, some of the instruments they were using were so much like gambling

they had to get a special exemption from the federal government to avoid being

regulated by state gaming laws.

Two banks betting on whether or not some schmuck is going to pay his mortgage,

that's gambling. And don't forget the sweetest part of their casino game.

When Goldman Sachs and the other Wall Street players lost, their bets were

covered by the government.

They got their money back.

But they didn't pay us back.

They spread it around as bonuses.

If you know that your mistakes are going to be wiped out by a Federal Reserve

program or a taxpayer -funded bailout, there's no downside, there's no risk. If

they make a mistake, we're going to pay for it.

You have to walk pretty far from Wall Street to find the Goldman Sachs

headquarters, the new Goldman Sachs headquarters.

Around the same time the SEC charged the company with mortgage fraud, Goldman

Sachs... moved into a new $2 .1 billion building on New York Harbor.

You'd expect mobs outside picketing over all those executive bonuses.

If they could find the place, $2 .1 billion, and they didn't even get a

You look like an official guy, Governor Ventura. Is this the new Goldman Sachs?

I don't really want to comment on that. Not even to me?

No comment.

In the United States of America. What, is this a secured area?

Unbelievable.

I thought I'd seen it all down here. And then I met a guy named Ross Mandel.

He said he wanted to tell me how things really went down.

The criminality behind it all.

Mandel asked to meet me on the Staten Island Ferry.

He didn't want to be seen on the street.

I was about to find out why.

First of all, what's your background?

I spent 25 years on Wall Street as a broker and as a trader and

eventually as the CEO of my own brokerage firm.

So you truly are a Wall Street insider.

That's correct.

What's your status right now?

I've been charged by the Southern District of New York with conspiracy to

securities fraud and the actual security fraud itself.

I was indicted and simultaneously charged by the SEC, and I'm currently

$5 million bail.

Really?

Coming up, the conspiracy boils down to a plot to steal your Social Security,

your future.

All the numbers they've been publishing were false.

And Jesse busts in on the fat cat party.

Maybe they're not smarter than us after all.

How does a guy even need to make another dollar if you got 40 million in one

year? Yet these vultures will come back for 40 the next and 40 the year after

and 40 the year. How much freaking money does it take?

Jesse Ventura is meeting with a Wall Street insider who knows all too well

criminal activities behind the recent collapse.

Ross Mandel is accused of swindling $140 million from investors, selling

worthless stock.

He's facing 25 years in prison.

But he's nothing compared to what the big guys are pulling off.

You're small peanuts compared to the guys that should be gone after in your

opinion. Goldman Sachs just admitted wrongdoing. Nobody got arrested.

Nobody got purported. No one got indicted. How pathetic is that?

There are people that are being forced out of their homes.

There are 10 million Americans without jobs.

Wall Street's full of con men.

But now, a guy who's been painted as a crook is painting himself as the last

honest man in the game.

Was this a conspiracy, what went down this last massive, as they call it,

recession or bailout? It was a massive conspiracy, which is ongoing

right now.

It is a conspiracy of institutional corruption from the highest level

that exists in our country. And it filters all the way down.

This is not a recession.

What is it then? The destruction of the American economy, the evisceration of

the wealth of America, the rape.

of the wealth of America.

What you're telling me was this was a rape, a robbery of the United States

economy by a small group of individuals on Wall Street. Not just Wall Street.

This goes to the highest levels of the United States government. The

gatekeepers, the Congress, passing laws that were intended to allow Wall Street

to rape and pillage.

Everything Ross Mandel was saying fell right in line with what we learned from

the Wall Street players and the Washington power brokers alike.

It's a conspiracy.

AIG, the largest insurance company in the world, was a public company on the

York Stock Exchange. One morning, the chairman and CEO of AIG got on national

television and said, we're in trouble.

We need $130 billion.

to stay open. And by the way, we need it by Monday.

We need the money by Monday.

This is a company regulated by the Stock Exchange, by the SEC, by Congress, by

all the insurance regulators.

The most regulated...

the largest insurance company on Earth. That means to me all the numbers they've

been publishing were false.

Nobody went to jail. It gets worse. The same week, Hank Paulson, Secretary of

the Treasury, former CEO of Goldman Sachs, gets on television and says,

trouble. The country's in big trouble.

We need $650 billion.

And by the way, don't ask us where it's going because we don't have time to

explain. Otherwise, everything's going to collapse.

Okay.

AIG gets its $130 billion by Monday. Nobody knows really where the money

There's no accountability.

Now, what I can tell you is the majority of the money went to a company called

Goldman Sachs.

And there it is again, Goldman Sachs. You see, Goldman Sachs...

Does a lot of trading with AIG.

And that's why the Secretary of the Treasury made sure that AIG got their

So that that money could then be passed to Goldman Sachs. 100 cents on the

dollar. This is a company that's facing more than bankruptcy.

Total insolvency to the hundreds of billions.

It's nice to have that insider in government, isn't it? It would be

fact, Jesse, I'm about 60 billion short. You think maybe, you know.

If the conspiracy isn't confusing enough, it keeps expanding because the

situation draws in another group of players. The companies that analyze

businesses and governments and give advance warning that they're unstable.

Investors rely on these guys to give an honest appraisal, not to be in cahoots.

They have what they call rating agencies.

Moody's, Standard & Poor's. The interesting thing is AIG's ratings.

on their paper, was A+. A +, while they had to come and run and say, get

us $130 billion by Monday? By Monday!

You know, I don't know if anybody has a problem with that, but if you come up a

little short, let's say to the $100 billion, you shouldn't have an A rating,

correct? It shows that they were in bed with the Wall Street investment banks,

with Congress, with the White House, so forth and so on.

It's one giant stamp.

And that's nothing.

Some experts say these rating agencies are conspiring to downgrade the

government's credit rating.

To kill Social Security.

Privatize it. Give private bankers trillions in retirement funds and

funds.

So that they can gamble that away too?

How do I answer when people say to me, Ross is under indictment?

Governor Ventura, how can you believe a man under indictment?

If you listen to the words that I speak with an open mind, you're going

to hear the truth. An American knows the truth in its gut, in its heart. And I

speak the truth.

And I challenge anybody, anybody, anywhere, anytime.

to challenge what I've said here today.

You all know it's the truth.

I left Ross Mandel at the ferry.

Who knew when I'd see him again?

I had enough information.

It was time to share.

Time to break up the fat cat party.

Well, well, well.

I've been waiting for you guys.

If you don't mind, I'll dig right in.

This was the boys club.

These guys are the big time traders.

They don't look so tough now.

Got a list here. Mark Patterson, Hank Paulson, Ed Liddy, William Dudley, the

previous heads of the Federal Reserve, the head of the New York Stock Exchange,

the head of the World Bank, and the heads of the Canadian and Italian

Bank. All these people have one thing in common.

They all work for Goldman Sachs.

Now, gentlemen, come on.

You're going to sit here and look me in the eye and tell me there's not a

conspiracy or at least a conflict of interest going on here?

Well, if you're going to have one company that all those people are going

come from, my guess is that company is attracting the sharpened talent that

there is out there. I would imagine that Goldman Sachs is hunting for the best

people. None of the other firms would have that type of quality person. A lot

other firms.

Why would they all fall? Come on, man.

Don't give me the BS.

How can they all fall from the same company?

Let's put it into perspective.

Goldman Sachs would be like a premier college football program. The NFL comes

and picks the brightest and pays them the best. Yes, and I'll counter that by

saying, does the same college football team win the national title every year?

No. In 2008, the worst year of the financial crisis.

Right. The chairman of Goldman Sachs makes forty two point nine million that

year. Yet Goldman as a company only paid 14 million in taxes. Guys, where do I

find your tax man? And how in the hell do you keep internal revenue off your

back? If I filled out a tax return that was anywhere close to being as obnoxious

as this is, internal revenue would have my ass down there.

and I'd be telling them how much my wife pays for shampoo, how these people on

Wall Street sleep at night.

Believe me, I was just getting warmed up.

Coming up, Jesse Ventura body slams the Wall Street bully boy.

It's the same job whether you're managing $1 ,000 or a trillion.

You're just working with a different decimal point. And look who's joining in

the pile -up.

The burning of wrong.

Jesse Ventura and merciless financial journalist Matt Taibbi are squaring off

with a group of Wall Street insiders, traders from top firms, self -proclaimed

masters of the universe.

The ones who managed to profit even after the market collapsed on the backs

American taxpayers.

But I'm still coming after you guys for sitting there and taking $40 million

bonuses when this country's in a huge recession, people are losing their

they can't pay for nothing. How someone at Goldman Sachs can take a $40

million... Maybe we shouldn't have bailed.

bullcrap. It's the same job whether you're managing a thousand dollars or a

trillion. You're just working with a different decimal point. All it is is

numbers on a paper.

You know what I take offense to? I'm getting very offensive with New Yorker.

That you think the chairman of Goldman Sachs getting $40 million is a lot of

money when a shortstop for the Yankees gets $30 million.

You don't think his job is 5 million times more important than Ava? The

is the taxpayers paid for it. The Yankees isn't getting paid by the U .S.

taxpayers. Excuse me, gentlemen.

I'm sorry to interrupt, but...

I'm just standing here overhearing this conversation.

I asked Ross Mandel to stop by.

Wall Street's got to be the only place where the guy facing swindling charges

can lecture the big shots about ethics.

What did it cost this country, this nation, Americans, for this corrupt

conspiracy that is ongoing right now?

If you think America is a super financial power, it was.

We're sitting around and we are watching the burning of Rome.

The country has been eviscerated. It has been raped by the powers that be.

What did Washington do? It bailed them out. It propped up those banks. And why

did it prop up those banks? Because it felt like those banks were necessary.

Wait, wait, wait. Were they necessary? No. Because they happen to be the

donors.

to the special interest thieves that we have elected in this country. It's

called public choice. You can't blame Goldman Sachs for a system that's

Why not when it's Goldman Sachs' people who are working and creating the system?

Why did the congressman and senators see your way and do it that way? Because we

paid them off.

As this gentleman will tell you, we're something else.

All these acts are bigger than the United States government, people.

Stop being so naive.

Forget about new laws and regulations.

Forget about lessons learned.

greeds the game here.

Hank Paulson had a salary from Goldman Sachs in 2006 of 38 million bucks, and

the next year he becomes the Secretary of the Treasury.

My goodness, I guess he just felt it was time for some public service after he

made $38 million.

Lucky timing. Lucky timing that he became available.

Hank Paulson during the AIG bailout is on the telephone with Lloyd Blankfein

constantly, and Goldman Sachs ends up with $13 billion to the AIG bill. You

don't think that's a conflict of interest?

That's the U .S. government's fault. You have to create laws to prevent this.

What you're telling me is that you have no conscience and that it's up to us to

create laws.

keep you from doing what's right or wrong. It's up to you people to realize

ain't your job to go out and rape and pillage.

When I look at bonuses like this, that's obscene. You have to change the system.

We know that. You're speaking to the choir here.

You're talking to the independent.

I know the system's screwed and you all work in it like thieves in the night.

Because you profit from it, there's no risk when you know the federal

government's waiting to bail you out. Hell, I'd love to go to Vegas and be

to sit down at Charles Barkley and Michael's table and be able to play 10

a hand as long as I know I got somebody behind the door that no matter how much

I lose in this bet, he's going to reimburse me.

So hell, let's bet.

Let's get out of here. And I'll keep fighting for the little guy and kick

asses.

Things were looking up when the Securities and Exchange Commission

Goldman Sachs with fraud.

But before you knew it, Goldman settled the case by peeling $550 million

off its bankroll.

That's what?

4 % of what they made in the last quarter?

And they didn't even have to admit they did anything wrong.

And they got $13 billion in the bailout. Lucky for them, the head of the

Securities and Exchange Commission's enforcement division is a former Goldman

Sachs executive.

Like we found out, no one on Wall Street or in Washington is going to pay the

piper as long as the taxpayer is picking up the tab.

Is there another crash coming?

I'll hope for the best.

In the meantime, I'll be watching my money. I don't trust any of these

I'm Jesse Ventura, and this is Conspiracy Theory.