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Hidden power, secrets, cover-ups, corruption.

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You think you know the whole story?

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Think again.

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

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I've heard things that'll blow your mind,

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and now I think it's time you get the whole story.

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Now, Wall Street.

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

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while tightening a financial death grip on the world.

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It was a massive conspiracy, which is ongoing right now.

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

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From international bankers to the super rich.

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From Washington to Rome.

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They're all in it together, and when their reckless schemes unravel,

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they rip us off for billions in bailouts.

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It blow it up, it collapses, we're gonna pay for it.

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It's an elite club that's lining their pockets with your money,

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

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

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I'm afraid they're gonna blow up the plane.

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A commercial plane?

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

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they own the government.

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They're loyal to money.

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And to power.

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Jesse Ventura follows the money.

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He heads to the street.

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He finds where they are hiding.

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No comment.

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

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No comment.

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He meets them face to face.

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Well, well, well.

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And he's not taking any bull as he kicks open.

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The Worldwide Wall Street Conspiracy.

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

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Manhattan.

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Inside an exclusive meeting of Wall Street insiders,

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a billionaire boys' club whose high-risk gambling with our money

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led to financial disaster.

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Now these crooks are being set up.

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

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

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Well, well, well.

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I've been waiting for you guys.

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Jesse Ventura has crashed their inner circle,

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and he's ready to make them pay.

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

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They brought the economy to its knees.

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

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They're like crooked car mechanics hiding behind confusing language

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and math while they rip us off.

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Well, I'm going to sort it out.

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I'm going to find out how Wall Street screwed Main Street.

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

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He's a Wall Street guy who works in the commodities market.

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And he's mad, real mad.

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

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and still playing their dirty games.

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Bill Murphy, what do you have for me?

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Governor, I have the financial story of a lifetime for you.

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You're talking about Wall Street here, right?

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Yeah, I'm talking about Wall Street.

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

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

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and the big Wall Street firms, the big banks,

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is causing serious problems in America, and this has to be addressed.

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It's continuing?

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All they're doing is papering over things.

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It's the same people in power, the same things are going on.

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The big banks in New York and the US government are hurting the little guy in America.

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The little guy.

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Remember, this financial crisis began with mortgages for the little guy.

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

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Then companies like Goldman Sachs bundled all these bad loans together

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and figured a way to resell all that junk like it was a brand new thing.

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They played both sides, and they made billions.

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Whether people paid their loans or went belly up.

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

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

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

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He saw trouble before anyone else.

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He raised the alarm big time in the media and in Washington, but no one listened.

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We put an ad, a $264,000 ad in the Wall Street Journal.

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We warned of coming, it was January 31st, 2008.

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We warned of coming catastrophe and disaster, and that's exactly what happened.

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Bill Murphy also testified in Washington in front of the Commodities Futures Trading Commission.

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

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Notice how he's rushing through his statement.

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

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I realized I had to make like the roadrunner and read this thing fast so the whole thing could be heard

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to get all the information we wanted out there.

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

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As soon as I was done, the television feed came back on.

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So literally everything you said was censored.

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But Bill Murphy had one more surprise up his sleeve at that hearing.

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Without any advance warning, he told about a trader who had evidence the big banks were manipulating the markets.

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Bill, who was Andrew McGuire?

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Andrew McGuire was a former Goldman Sachs trader in London.

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They wouldn't let him testify, so he sent me the information and I made this surprise presentation and they weren't ready for it.

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So we could classify Andrew McGuire a whistleblower?

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Big time, maybe one of the biggest of all time.

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Well, we know what happens to whistleblowers.

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Next day, his wife were hit by a car.

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Now, have you had any problems personally?

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Within a six-week period, my website was hacked, my car was stolen, I was hit with brass knuckles,

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I blocked from my house and I thought my jaw was broken and I was scared half to death.

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Nobody would fly with me for about a year.

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What do you mean nobody would fly?

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They were afraid they were going to blow up the plane.

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A commercial plane?

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This is a story they don't want to tell.

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The United States government would rather have our nuclear secrets told than what they're doing in the Wall Street.

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You always hear these kind of stories out there, insiders, club of insiders, people in the know.

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What do you know about that? Is that true?

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

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Who was bailed out?

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Goldman Sachs, AIG got covered.

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

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They took too big a risk, they got beaten, they got bailed out.

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

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

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Only now it could be even worse.

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

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

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He's a Wall Street insider, has worked there for years and he told me that this was a scam from the word go.

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This whole Wall Street meltdown.

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We got to get on this.

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Sounds like you're just getting angry at these guys because they're intelligent.

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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.

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No, they got away with it until they got called.

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Right, but your acting is if it's some kind of club.

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The meltdown happened because you sold a bunch of mortgages to people who couldn't afford to pay him.

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It was really that simple.

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But to shove mortgages on people who can't afford the mortgages, then what do they do?

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They take them and they sell them to somebody else overseas.

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And then Goldman Sachs bets both sides of the equation.

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They're a winner either way because they got their bets covered on each side.

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At some point you got to go, this is a rig game.

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

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Let's invade this so-called elite club.

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Coming up, an insider spills the beans about Goldman Sachs and the Liars loans.

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They call you a rat?

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Not to my face.

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Then the economy's collapse is tied to Rome and a secretive religious group right out of a Dan Brown novel.

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They've been compared to Opus Dei from the Da Vinci code.

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And later Jesse Ventura arrives on Wall Street and crashes the billionaire boys club in the middle of it all.

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Well, well, well.

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Jesse Ventura is tracking down the Wall Street conspiracy.

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

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

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

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My team was arranging a little get-together for a group of big-time traders and insiders.

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

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My investigators were also hard at work.

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

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And June was in Kansas City. She was meeting with a real expert on the way Wall Street works.

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I'm a white-collar criminologist.

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William Black wrote a book called The Best Way to Rob a Bank is to own one.

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Sounds like a guy who knows Wall Street.

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What exactly happened in the most recent financial crisis? Was there criminal activity involved?

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

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Nothing was done even when the industry called what it was doing, selling liars loans.

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So what is a liars loan?

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A liars loan. Nice name for mortgages given to people the banks know won't be able to make the payments.

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So why would they want to do that?

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A liars loan is where the loan broker creates information.

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

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

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Were people encouraged to lie in terms of the loans?

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

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It was by the loan brokers. Of course it destroys the institution, but they walk away rich.

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There it is again. They work both sides of the game. It was a Ponzi scheme.

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

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

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Or as Daniel was finding out, the gals.

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Nomi Prinze is a Wall Street veteran. She used to be a managing director at Goldman Sachs.

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Now she's known as a whistleblower.

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How tight is the relationship between Goldman Sachs and the federal government?

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There are more higher level officials that have come through Washington and left Goldman Sachs than from any other firm.

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That's why the idea of Goldman being called government Sachs isn't so much a conspiracy as a fact.

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Government Sachs. The unholy alliance between these corporate lowlifes and the people we vote for.

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This is where the conspiracy really starts to get under your skin.

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Why have they been called government Sachs?

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

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if you look around, there's an amazing number of senior people that have come from the Goldman Sachs

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background and because they seem to act in a way that is very good for Goldman Sachs and not very good for the country.

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For example, former CEO of Goldman Sachs, Hank Paulson, who became the Treasury Secretary under George Bush,

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he used to run Goldman. Goldman was his empire effectively.

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So now he goes and he's running the Treasury Department and he gets to take his friendships, his philosophies, his relationships into that office.

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His loyalty.

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And loyalty is very key on Washington. That extends once they get to Washington. It's not a myth. It's happened.

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And then they were betting against their clients. Why would they do this?

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For example, Hank Paulson gets Goldman Sachs very heavily into purchasing these terrible mortgages.

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People at Goldman look at these loans and they say, these are really terrible.

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So they start selling these and what we call shorting, which is betting that they're going to drop in value.

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They sell them before the drop.

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

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So really it was a house of cards.

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

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A house of cards can actually last for a fairly long time. This was guaranteed to fail. The only issue was when.

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And it was guaranteed to produce massive fictional income at first and make the CEOs and senior officers rich.

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They were making money even when they knew the ship was sinking and they were using the ship owners money to do it.

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Nomi Prince made that really clear and really ominous.

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She talked about a meeting in June 2008.

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Treasury Secretary Paulson meeting his old pals on the Goldman Sachs board in the middle of the financial crisis.

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

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The meeting took place in Moscow, Russia.

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So basically the country's burning and Paulson goes to Moscow to sell gasoline.

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Basically he went to Moscow and he wanted to convince people there to continue to buy stuff that was created out of our mortgages.

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To keep it going for the finance people.

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It was a secret meeting. Paulson and his big bank buddies.

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

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

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

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The Chairman Tim Geithner became Obama's Treasury Secretary.

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

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They're loyal to money and to the company.

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And to power.

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

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Because the only way to prosecute elite white collar criminals, it's very tough, is to have the regulators serve as your sherpa, your guide.

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None of that happens anymore.

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This question of accountability doesn't end with Washington.

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

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All of these guys who have done really just horrible things.

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Are in their homes right now or in their fancy cars sitting on giant piles of cash?

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There are hundreds of millions of dollars of money that they have been sitting on.

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So do you think these guys should be in prison?

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I think some of them should be in prison.

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You were with Lehman Brothers?

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Yes.

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And you were with Goldman?

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Yes.

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And you were with Bear Stearns?

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Yes.

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Stated in a powerful position?

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I was. And I did the battles.

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You're there in the room and you know that they're f***ing us all.

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It feels like something I had to escape from.

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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.

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They call you a rat?

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Not to my face.

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Coming up, a Givenchy Code twist that leads to a secret elite group gaining control of America.

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All roads lead to Rome.

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Then the government heads to Washington and outs the shadow government, pulling the strings to disaster.

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They inflated the currency.

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They created a bubble.

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And later he busts in on Goldman Sachs' billion dollar palace.

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Is this the new Goldman Sachs?

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I don't really want to comment on that.

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Not even to me?

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No comment.

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No comment.

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Just even Torendi's team are finding new accomplices in the Wall Street conspiracy.

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And the leads are coming from all angles.

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

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On this one, all roads lead to Rome.

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On which a mysterious conspiracy theorist predicted the exact date of the recent crash,

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based on the activities of a secretive group called Legadas.

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Legadas.

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They're a Catholic networking organization composed of businessmen from around the world.

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The richest.

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They're the richest.

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They're the most influential.

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They advertise for membership, but they have closed door meetings.

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They've been compared to Opus Dei.

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From the Da Vinci Code.

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Straight out of the Da Vinci Code.

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

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

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Legadas began in 2007, a year before the crash predicted by the internet seer.

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According to this guy, Reinhardt, when Legadas members make pilgrimages to Rome,

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they write huge donation checks to the Vatican Bank.

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When checks from all these Wall Street insiders clear, on the same date.

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That's when the media reports on unorthodox accounting.

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That's when stocks fall, markets crash.

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Did anybody prove this?

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September 15th, 2008 was the crash.

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Months earlier, Reinhardt had predicted that very date.

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Clearly seeing this is one strand of a larger pattern.

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Whether the Legadas theory is real or not, it points back to the same club of insiders.

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Okay, there's one thing we haven't talked about.

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The Federal Reserve Bank.

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

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The Federal Reserve Bank has done pretty well so far.

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America is the richest country in the world.

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You know what they answer to?

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Nobody.

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Not the president, not Congress, not the people.

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They do whatever they want.

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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.

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That detour takes Jesse Ventura to Washington, D.C., home of the Federal Reserve, America's banking system.

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The Fed was wrapped in conspiracy from the start, created in 1913 by an elite group of international bankers,

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meeting in a place called Jekyll Island.

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It was set up to bring stability after a financial panic, a panic caused by those same bankers.

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

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We know the Fed's print our cash, then loan it out at interest, which we pay in taxes.

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We know it influences interest rates and manipulates the market.

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

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The Fed.

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

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but there's one man in the other government who's got them nailed, Congressman Ron Paul from Texas.

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

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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.

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They inflated the currency.

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Look at the housing bubble.

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The housing bubble couldn't have happened if there had not been money created in the air,

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because where would the credit have come from?

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So the Fed did as they created the bubble.

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

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With the Federal Reserve behind us, interest rates have been kept too low for the benefit of the Wall Street bankers,

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and it's led to the financial crisis of the day.

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What control do you as a congressman, or does our government have over the Federal Reserve?

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In theory, they have some control if they wanted to, but they relinquished their control.

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Really, we have a dictator, and he's the chairman.

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So Bernanke is king.

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

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so much for being separate from the government.

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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,

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but he really isn't.

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He's kowtowing to the big banks, big corporations, bail us out, big government, and gets us all into trouble.

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This is one of my biggest beefs in Washington, is that the Congress is derelict in their duties.

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

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Wall Street gets bailed out, government gets bailed out, corporations get bailed out, who gets stuck?

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The little guy lost his house, and they don't get the bail out.

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The banking business, Wall Street establishment are in charge of who represents us at the Federal Reserve,

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and who's at Treasury.

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It's the same group of people, always end up in those spots.

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And they all seem to come out of Goldman Sachs.

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Is that Goldman mean they have the gold?

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I don't know.

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Ron Paul didn't mince words.

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

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We bail them out.

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They give themselves bonuses.

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Enough is enough.

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I'm headed to Wall Street.

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Coming up, Jesse Ventura meets the journalistic hitman who proves Wall Street is nothing more than a casino,

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gambling your money on their crooked games.

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They had to get a special exemption from the federal government to avoid being regulated by state gaming laws.

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And later, he busts open the billionaire boys club that lives in the lap of luxury, while we foot the bill.

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Why don't you start leading instead of being vultures vampires?

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Entering everyone else's money.

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Jesse Ventura is out to smash the Wall Street conspiracy.

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

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He's seen how they've infiltrated the government and spread out to create an international shadow government

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that calls the shots and runs our lives.

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Now the governor has arrived on Wall Street.

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

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writes about Wall Street for Rolling Stone.

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He's feared and loathed because he doesn't pull punches, and he explains everything in terms we can all understand.

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Put it this way, he's the one who called Goldman Sachs a great vampire squid wrapped around the face of humanity.

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Matt, do you believe there was a conspiracy that created this entire recession?

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Absolutely. It's a completely legal undisguised conspiracy.

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

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But more than that, the banking industry was able to go to the government anytime it wanted to

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

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

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It was no different than going into a casino on their part and using our money to gamble with.

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Is that a good way to put it?

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It's absolutely, that's exactly what it was.

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It's as simple as that. Goldman Sachs and the others were like high stakes gamblers in a Vegas casino gambling our money.

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In fact, some of the instruments they were using were so much like gambling that they had to get a special exemption from the federal government

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to avoid being regulated by state gaming laws.

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Two banks betting on whether or not some schmuck is going to pay his mortgage, that's gambling, that's all it is.

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

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When Goldman Sachs and the other Wall Street players lost, their bets were covered by the government.

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They got their money back, but they didn't pay us back. They spread it around as bonuses.

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If you know that your mistakes are going to be wiped out by a federal reserve program or a taxpayer funded bailout,

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there's no downside, there's no risk. If they make a mistake, we're going to pay for it.

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You have to walk pretty far from Wall Street to find the Goldman Sachs headquarters, the new Goldman Sachs headquarters.

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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.

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

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If they could find the place, $2.1 billion, and they didn't even get a sign.

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

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Not even to me? No comment. In the United States of America, what, is this a secured area?

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Unbelievable.

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I'd thought I'd seen it all down here, and that I met a guy named Ross Mandel.

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He said he wanted to tell me how things really went down, the criminality behind it all.

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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.

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First of all, what's your background?

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I spent 25 years on Wall Street as a broker and as a trader, and eventually as the CEO of my own brokerage firm.

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So you truly are a Wall Street insider?

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00:28:27,000 --> 00:28:28,000
That's correct.

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What's your status right now?

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I've been charged by the Southern District of New York with conspiracy to commit securities fraud, and the actual security fraud itself.

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I was indicted and simultaneously charged by the SEC, and I'm currently out on $5 million bail.

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Really?

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Coming up, the conspiracy boils down to a plot to steal your social security. Your future.

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All the numbers they've been publishing were false.

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And Jesse busts in on the Fat Cat party. Maybe they're not smarter than us after all.

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How does a guy even need to make another dollar if he got $40 million in one year?

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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?

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Jesse Ventura is meeting with a Wall Street insider who knows all too well the criminal activities behind the recent collabs.

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

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He's facing 25 years in prison, but he's nothing compared to what the big guys are pulling off.

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

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00:29:50,000 --> 00:29:56,000
Goldman Sachs just admitted wrongdoing. Nobody got arrested. Nobody got perp work. No one got indicted.

399
00:29:56,000 --> 00:30:00,000
How pathetic is that? There are people that are being forced out of their homes.

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There are 10 million Americans without jobs.

401
00:30:03,000 --> 00:30:12,000
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.

402
00:30:13,000 --> 00:30:21,000
Was this a conspiracy, what went down this last massive, as they call it, recession or bailout?

403
00:30:21,000 --> 00:30:38,000
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.

404
00:30:38,000 --> 00:30:41,000
This is not a recession. What is it then?

405
00:30:41,000 --> 00:30:51,000
The destruction, the American economy, the evisceration of the wealth of America, the rape of the wealth of America.

406
00:30:51,000 --> 00:31:00,000
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.

407
00:31:00,000 --> 00:31:13,000
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.

408
00:31:13,000 --> 00:31:23,000
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.

409
00:31:23,000 --> 00:31:30,000
AIG, the largest insurance company in the world, was a public company under New York Stock Exchange.

410
00:31:30,000 --> 00:31:41,000
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.

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And by the way, we need it by Monday. We need the money by Monday.

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One day, this is a company regulated by the Stock Exchange, by the SEC, by Congress, by all the insurance regulators, the most regulated, largest insurance company on earth.

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That means to me, all the numbers they've been publishing were false.

414
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Nobody went to jail.

415
00:32:03,000 --> 00:32:11,000
No, it gets worse. The same week, Hank Paulson, secretary of the Treasury, former CEO Goldman Sachs gets on television and says, we're in trouble.

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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.

417
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Okay. AIG gets its $130 billion by Monday. Nobody knows really where the money went. There's no accountability.

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

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And there it is again, Goldman Sachs.

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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 money.

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So that that money could then be passed to Goldman Sachs.

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$100 on the dollar. This is a company that's facing more than bankruptcy, total insolvency, to the hundreds of billions.

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

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00:33:03,000 --> 00:33:09,000
It would be lovely. In fact, Jesse, I'm about 60 billion short. You think maybe, you know.

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If the conspiracy isn't confusing enough, it keeps expanding because the AIG situation draws in another group of players.

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The companies that analyze businesses and governments and give it fans warning that they're unstable.

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

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They have what they call rating agencies. Moody's, Standard & Poor's.

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The interesting thing is AIG's ratings on their paper was A+.

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A+. While they had to come and run and say, get us 130 billion by Monday?

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By Monday!

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00:33:48,000 --> 00:33:56,000
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 hundred billion, you shouldn't have an A rating, correct?

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It shows that they were in bed with the Wall Street investment banks, with Congress, with the White House, so forth and so on.

434
00:34:04,000 --> 00:34:06,000
It's one giant scam.

435
00:34:06,000 --> 00:34:07,000
Giant scam.

436
00:34:09,000 --> 00:34:11,000
And that's nothing.

437
00:34:11,000 --> 00:34:19,000
Some experts say these rating agencies are conspiring to downgrade the government's credit rating.

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To kill Social Security.

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Privatize it. Give private bankers trillions in retirement funds and pension funds.

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So that they can gamble that away too?

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00:34:39,000 --> 00:34:43,000
How do I answer when people say to me, Ross is under indictment?

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

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

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And America knows the truth in its gut and its heart.

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And I speak the truth.

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And I challenge anybody, anybody, anywhere, anytime, to challenge what I've said here today.

447
00:35:07,000 --> 00:35:09,000
You all know it's the truth.

448
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I left Ross Mandel at the ferry.

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Who knew when I'd see him again?

450
00:35:13,000 --> 00:35:15,000
I had enough information.

451
00:35:15,000 --> 00:35:17,000
It was time to share it.

452
00:35:17,000 --> 00:35:20,000
Time to break up the Fat Cat Party.

453
00:35:20,000 --> 00:35:23,000
Well, well, well.

454
00:35:23,000 --> 00:35:25,000
I've been waiting for you guys.

455
00:35:25,000 --> 00:35:27,000
If you don't mind, I'll dig right in.

456
00:35:27,000 --> 00:35:29,000
This was the Boys Club.

457
00:35:29,000 --> 00:35:32,000
These guys are the big time traders.

458
00:35:32,000 --> 00:35:35,000
They don't look so tough now.

459
00:35:35,000 --> 00:35:36,000
Got a list here.

460
00:35:36,000 --> 00:35:42,000
Mark Patterson, Hank Paulson, Ed Liddy, William Dudley, the two previous heads of the Federal Reserve,

461
00:35:42,000 --> 00:35:46,000
the head of the New York Stock Exchange, the head of the World Bank,

462
00:35:46,000 --> 00:35:49,000
and the heads of the Canadian and Italian National Bank.

463
00:35:49,000 --> 00:35:52,000
All these people have one thing in common.

464
00:35:52,000 --> 00:35:55,000
They all work for Goldman Sachs.

465
00:35:55,000 --> 00:35:58,000
Now, gentlemen, come on.

466
00:35:58,000 --> 00:36:02,000
You're going to sit here and look me in the eye and tell me there's not a conspiracy

467
00:36:02,000 --> 00:36:05,000
or at least a conflict of interest going on here?

468
00:36:05,000 --> 00:36:10,000
Well, if you're going to have one company that all those people are going to come from,

469
00:36:10,000 --> 00:36:15,000
my guess is that company is attracting the sharpest talent that there is out there.

470
00:36:15,000 --> 00:36:18,000
I would imagine that Goldman Sachs is hunting for the best people.

471
00:36:18,000 --> 00:36:21,000
None of the other firms would have that type of quality person.

472
00:36:21,000 --> 00:36:23,000
A lot of other firms are just talking.

473
00:36:23,000 --> 00:36:25,000
Why would they all fall? Come on, man.

474
00:36:25,000 --> 00:36:26,000
Don't give me the BS.

475
00:36:26,000 --> 00:36:27,000
Why?

476
00:36:27,000 --> 00:36:30,000
How can they all fall from the same company?

477
00:36:30,000 --> 00:36:32,000
Let's put it into perspective.

478
00:36:32,000 --> 00:36:35,000
Goldman Sachs would be like a premier college football program.

479
00:36:35,000 --> 00:36:39,000
The NFL comes in and picks the brightest and pays them the best.

480
00:36:39,000 --> 00:36:40,000
Yes.

481
00:36:40,000 --> 00:36:45,000
And I'll counter that by saying, does the same college football team win the national title every year?

482
00:36:45,000 --> 00:36:46,000
No.

483
00:36:46,000 --> 00:36:50,000
In 2008, the worst year of the financial crisis, right?

484
00:36:50,000 --> 00:36:55,000
The chairman of Goldman Sachs makes 42.9 million that year.

485
00:36:55,000 --> 00:37:00,000
Yet Goldman, as a company, only paid 14 million in taxes.

486
00:37:00,000 --> 00:37:03,000
Guys, where do I find your tax man?

487
00:37:03,000 --> 00:37:07,000
And how in the hell do you keep internal revenue off your back?

488
00:37:07,000 --> 00:37:14,000
If I filled out a tax return that was anywhere close to being as obnoxious as this is,

489
00:37:14,000 --> 00:37:17,000
internal revenue would have my ass down there,

490
00:37:17,000 --> 00:37:21,000
and I'd be telling them how much my wife pays for shampoo.

491
00:37:21,000 --> 00:37:25,000
How these people on Wall Street sleep at night.

492
00:37:25,000 --> 00:37:29,000
Believe me, I was just getting warmed up.

493
00:37:29,000 --> 00:37:34,000
Coming up, Jesse Ventura body slams the Wall Street bully boys.

494
00:37:34,000 --> 00:37:35,000
Oh, crap.

495
00:37:35,000 --> 00:37:40,000
It's the same job whether you're managing a thousand dollars or a trillion.

496
00:37:40,000 --> 00:37:43,000
You're just working with a different decimal point.

497
00:37:43,000 --> 00:37:45,000
And look who's joining in the pile up.

498
00:37:45,000 --> 00:37:47,000
The burning of wrong.

499
00:38:06,000 --> 00:38:10,000
Even after the market collapsed on the backs of American taxpayers.

500
00:38:10,000 --> 00:38:17,000
But I'm still coming after you guys for sitting there and taking 40 million dollar bonuses

501
00:38:17,000 --> 00:38:22,000
when this country's in a huge recession, people are losing their homes,

502
00:38:22,000 --> 00:38:23,000
they can't pay for nothing.

503
00:38:23,000 --> 00:38:28,000
How someone at Goldman Sachs can take a 40 million dollar...

504
00:38:28,000 --> 00:38:30,000
Maybe we shouldn't have built money on earth.

505
00:38:30,000 --> 00:38:31,000
Bull crap.

506
00:38:31,000 --> 00:38:36,000
It's the same job whether you're managing a thousand dollars or a trillion.

507
00:38:36,000 --> 00:38:39,000
You're just working with a different decimal point.

508
00:38:39,000 --> 00:38:41,000
All it is is numbers on a paper.

509
00:38:41,000 --> 00:38:42,000
You know what I take offense to?

510
00:38:42,000 --> 00:38:43,000
What's the solution?

511
00:38:43,000 --> 00:38:44,000
Very offense, it's a New Yorker.

512
00:38:44,000 --> 00:38:48,000
That you think the chairman of Goldman Sachs getting 40 million is a lot of money

513
00:38:48,000 --> 00:38:51,000
when a shortstop for the Yankees gets 30 million.

514
00:38:51,000 --> 00:38:55,000
You don't think his job is 5 million times more important than he writes?

515
00:38:55,000 --> 00:38:58,000
The problem is the taxpayers paid for it.

516
00:38:58,000 --> 00:39:01,000
Right now the Yankees isn't getting paid by the US tax pay.

517
00:39:01,000 --> 00:39:08,000
Excuse me gentlemen, I'm sorry to interrupt, but I'm just standing here over hearing this conversation.

518
00:39:08,000 --> 00:39:11,000
I asked Ross Mandel to stop by.

519
00:39:11,000 --> 00:39:16,000
Wall Street's got to be the only place where the guy facing swindling charges

520
00:39:16,000 --> 00:39:19,000
can lecture the big shots about ethics.

521
00:39:19,000 --> 00:39:24,000
What did it cost this country, this nation, Americans,

522
00:39:24,000 --> 00:39:29,000
for this corrupt conspiracy that is ongoing right now?

523
00:39:29,000 --> 00:39:34,000
If you think America is a super financial power, it was.

524
00:39:34,000 --> 00:39:40,000
I believe we're sitting around and we are watching the burning of wrong.

525
00:39:40,000 --> 00:39:42,000
The country has been eviscerated.

526
00:39:42,000 --> 00:39:44,000
It has been raped.

527
00:39:44,000 --> 00:39:46,000
By the powers that be.

528
00:39:46,000 --> 00:39:47,000
What did Washington do?

529
00:39:47,000 --> 00:39:48,000
It bailed them out.

530
00:39:48,000 --> 00:39:50,000
It propped up those banks.

531
00:39:50,000 --> 00:39:51,000
And why did it prop up those banks?

532
00:39:51,000 --> 00:39:53,000
Because it felt like those banks were necessary.

533
00:39:53,000 --> 00:39:54,000
Wait, wait, wait.

534
00:39:54,000 --> 00:39:55,000
Were they necessary?

535
00:39:55,000 --> 00:39:56,000
No.

536
00:39:56,000 --> 00:40:04,000
Because they happen to be the biggest donors to the special interest thieves that we have elected in this country.

537
00:40:04,000 --> 00:40:06,000
Absolutely, it's called public choice.

538
00:40:06,000 --> 00:40:09,000
You can't blame Goldman Sachs for a system that's corrupt.

539
00:40:09,000 --> 00:40:14,000
Why not when it's Goldman Sachs's people who are working in creating the system?

540
00:40:14,000 --> 00:40:16,000
Bailed out of the government.

541
00:40:16,000 --> 00:40:20,000
Why did the congressman and senators see your way and do it that way?

542
00:40:20,000 --> 00:40:22,000
Because who paid them off?

543
00:40:22,000 --> 00:40:23,000
The world corrupt.

544
00:40:23,000 --> 00:40:25,000
Goldman Sachs is part of that.

545
00:40:25,000 --> 00:40:26,000
We were talking about it.

546
00:40:26,000 --> 00:40:29,000
All the Sachs is bigger than the United States government people.

547
00:40:29,000 --> 00:40:31,000
Stop being so naive.

548
00:40:31,000 --> 00:40:34,000
Forget about new laws and regulations.

549
00:40:34,000 --> 00:40:36,000
Forget about lessons learned.

550
00:40:36,000 --> 00:40:39,000
Greed's the game here.

551
00:40:39,000 --> 00:40:48,000
Hank Paulson had a salary from Goldman Sachs in 2006, a 38 million box in the next year he becomes the secretary of the treasury.

552
00:40:48,000 --> 00:40:54,000
My goodness, I guess he just felt it was time for some public service after he made 48 million.

553
00:40:54,000 --> 00:40:55,000
Lucky timing.

554
00:40:55,000 --> 00:40:58,000
Lucky timing that he became the mayor of all of that.

555
00:40:58,000 --> 00:41:05,000
Hank Paulson during the A.G. bill had his on the telephone with Lloyd Blankfein constantly and Goldman Sachs ends up with 13 billion dollars to the A.G. bill.

556
00:41:05,000 --> 00:41:07,000
You don't think that's a conflict of interest?

557
00:41:07,000 --> 00:41:09,000
That's the U.S. government's fault.

558
00:41:09,000 --> 00:41:12,000
You have to create laws to prevent this.

559
00:41:12,000 --> 00:41:20,000
What you're telling me is that you have no conscience and it's up to us to create laws to keep you from doing what's right or wrong.

560
00:41:20,000 --> 00:41:25,000
It's up to you people to realize it ain't your job to go out and rape and pillage.

561
00:41:25,000 --> 00:41:28,000
When I look at bonuses like this, that's obscene.

562
00:41:28,000 --> 00:41:30,000
You have to change the system.

563
00:41:30,000 --> 00:41:31,000
We know that.

564
00:41:31,000 --> 00:41:33,000
You're speaking to the choir here.

565
00:41:33,000 --> 00:41:35,000
You're talking to the independent.

566
00:41:35,000 --> 00:41:41,000
I know the system is screwed and you all work in it like thieves in the night because you profit from it.

567
00:41:41,000 --> 00:41:46,000
There's no risk when you know the federal government's waiting to bail you out.

568
00:41:46,000 --> 00:42:04,000
Hell, I'd love to go to Vegas and be able to sit down at Charles Barkley and Michael's table and be able to play 10 grand 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.

569
00:42:04,000 --> 00:42:07,000
So hell, let's bet.

570
00:42:07,000 --> 00:42:10,000
Let's get out of here.

571
00:42:10,000 --> 00:42:15,000
And I'll keep fighting for the little guy and kick your asses.

572
00:42:18,000 --> 00:42:24,000
Things were looking up when the Securities and Exchange Commission charged Goldman Sachs with fraud.

573
00:42:24,000 --> 00:42:33,000
But before you knew it, Goldman settled the case by peeling $550 million off its bankroll.

574
00:42:33,000 --> 00:42:38,000
That's what? 4% of what they made in the last quarter?

575
00:42:38,000 --> 00:42:42,000
And they didn't even have to admit they did anything wrong.

576
00:42:42,000 --> 00:42:46,000
And they got $13 billion in the bailout.

577
00:42:46,000 --> 00:42:55,000
Lucky for them, the head of the Securities and Exchange Commission's Enforcement Division is a former Goldman Sachs executive.

578
00:42:55,000 --> 00:43:04,000
Like we found out, no one on Wall Street or in Washington's going to pay the piper as long as the taxpayers picking up the tab.

579
00:43:04,000 --> 00:43:08,000
Is there another crash coming? I'll hope for the best.

580
00:43:08,000 --> 00:43:14,000
In the meantime, I'll be watching my money. I don't trust any of these crooks.

581
00:43:14,000 --> 00:43:18,000
I'm Jesse Ventura, and this is Conspiracy Theory.

582
00:43:25,000 --> 00:43:30,000
The Securities and Exchange Commission's Enforcement Division is a former Goldman Sachs executive.

583
00:43:30,000 --> 00:43:35,000
The Securities and Exchange Commission's Enforcement Division is a former Goldman Sachs executive.

584
00:43:35,000 --> 00:43:40,000
The Securities and Exchange Commission's Enforcement Division is a former Goldman Sachs executive.