Browse content similar to 03/09/2011. Check below for episodes and series from the same categories and more!
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Good afternoon. It's emerged that three British banks are among 17 | :00:18. | :00:21. | |
financial institutions being sued by the US government, as it seeks | :00:21. | :00:26. | |
to recover billions of dollars lost in the sub-prime mortgage scandal. | :00:26. | :00:28. | |
Barclays, HSBC and the Royal Bank of Scotland are accused of | :00:29. | :00:32. | |
misrepresenting the quality of their mortgage products. | :00:32. | :00:34. | |
Greater Manchester police say they still have hundreds of witnesses to | :00:35. | :00:43. | |
interview about the deaths of seven There are some of the seminal | :00:43. | :00:46. | |
images of the financial crisis, when almost 5 million American | :00:46. | :00:50. | |
households lost their homes in 2008-9. Many have long believed | :00:50. | :00:54. | |
that banks have offered mortgages to people they knew could ill | :00:54. | :00:58. | |
afford to repay. So now the Government backed watchdog for the | :00:58. | :01:01. | |
American property agencies Freddie Mac and Fannie Mae are suing 17 of | :01:01. | :01:06. | |
the world's largest banks. The American government believes these | :01:06. | :01:10. | |
banks missold specialised products worth billions of dollars, and | :01:10. | :01:13. | |
contributed to the financial crisis and the ensuing recession. Of the | :01:13. | :01:23. | |
:01:23. | :01:26. | ||
three British banks being sued, This is quite a significant lawsuit, | :01:26. | :01:30. | |
because regardless of the validity or otherwise of these allegations, | :01:30. | :01:34. | |
a lot of these banks are likely to pay billions of dollars in | :01:34. | :01:37. | |
compensation to the US government. It will be a costly settlement at | :01:37. | :01:42. | |
best for these firms, and it comes at a difficult time for the banking | :01:42. | :01:46. | |
industry, which has seen its profits declining and is being | :01:46. | :01:49. | |
buffeted by global economic problems. The banks are also rich - | :01:49. | :01:53. | |
- bracing themselves for the imminent publication of the | :01:53. | :01:55. | |
Independent Commission on Banking report, which may force them to | :01:55. | :02:00. | |
make dramatic changes to how they are run in Britain. On top of that, | :02:00. | :02:04. | |
many chavs are now forming over a very weak economy, pointing to a | :02:04. | :02:08. | |
possible double dip recession. Greater Manchester police say they | :02:08. | :02:11. | |
still have hundreds of witnesses to interview about the deaths of seven | :02:11. | :02:14. | |
patients at a hospital in Stockport. Last night, they revealed that up | :02:15. | :02:17. | |
to 40 people may have had their saline drips tampered with while | :02:18. | :02:20. | |
they were being treated at Stepping Hill hospital. Rebecca Leighton, a | :02:20. | :02:23. | |
nurse who spent six weeks in custody, charged with contaminating | :02:23. | :02:25. | |
the saline, was released yesterday after proceedings against her were | :02:25. | :02:34. | |
dropped. Rebecca Leighton has spent more | :02:34. | :02:39. | |
than six weeks in jail, accused of contaminating supplies of Saleem | :02:39. | :02:42. | |
solution and endangering the lives of patients. Her parents looked on | :02:43. | :02:46. | |
as she expressed her relief at being freed from jail in a | :02:46. | :02:50. | |
statement read by her solicitor. It's so frustrating for me, knowing | :02:50. | :02:53. | |
that the person who carried out these terrible acts is out there. | :02:53. | :02:57. | |
My life has been turned upside down. All I wanted to do was to pursue a | :02:58. | :03:01. | |
profession in nursing and care for my patients. It is unbelievable | :03:01. | :03:04. | |
that anyone in the medical profession would ever put their | :03:04. | :03:09. | |
patients' lives at risk. Police believe that seven patients died at | :03:09. | :03:13. | |
Stepping Hill and up to 40 in total were affected after Saleem drips | :03:13. | :03:18. | |
were contaminated. So far, they have spoken to 200 people and have | :03:18. | :03:23. | |
500 more to interview in what they say is one of the most complex | :03:23. | :03:27. | |
investigations ever carried out by the force. Like any investigation, | :03:27. | :03:31. | |
this is a search for the truth. While we wish to prosecute those | :03:31. | :03:34. | |
responsible and bring them to justice, we have to discount and | :03:34. | :03:38. | |
eliminate from the inquiry those who are not responsible and are | :03:38. | :03:42. | |
dedicated medical professionals. though freed from jail, Rebecca | :03:42. | :03:47. | |
Leighton is still suspended from working as a nurse and an interim | :03:47. | :03:48. | |
order from the Nursing and Midwifery Council. | :03:48. | :03:51. | |
In Libya, opposition fighters are continuing their advance on Colonel | :03:51. | :03:54. | |
Gaddafi's birthplace, the city of Sirte. Negotiations are continuing | :03:54. | :03:57. | |
to try to persuade regime loyalists to surrender. Meanwhile, Libya's | :03:57. | :04:00. | |
acting leaders say they will move their headquarters to the capital, | :04:00. | :04:04. | |
Tripoli, next week. Ben Brown is there for us now. How big a | :04:04. | :04:13. | |
challenge will the new administration face in Tripoli? | :04:13. | :04:17. | |
some ways, this seems to be a city returning to normal. Traffic is | :04:17. | :04:22. | |
flowing. They are clearing the streets of rubbish and have taken | :04:22. | :04:25. | |
down barricades. They are still celebrating. We have seen people | :04:25. | :04:30. | |
out on the streets, a lot of women out in what used to be Queens | :04:30. | :04:35. | |
Square in the Gaddafi days, now Martyr Square, chanting their | :04:35. | :04:40. | |
delight at the demise of Colonel Gaddafi and looking to the National | :04:40. | :04:44. | |
Transitional Council to bring democracy to this country. People | :04:44. | :04:48. | |
here have huge hopes. When the transitional council arrive next | :04:48. | :04:53. | |
week, they will have enormous tasks. There are severe shortages of | :04:53. | :04:57. | |
things like water and fuel. There is still a war going on. Sirte is | :04:57. | :05:02. | |
still in the hands of Gaddafi loyalists. Colonel Gaddafi himself | :05:02. | :05:08. | |
is still in hiding. Nobody is sure exactly where, maybe the town Bani | :05:08. | :05:12. | |
Walid, south east of here. But he is still able to put out messages, | :05:12. | :05:16. | |
calling on loyalists to resist the National Transitional Council and | :05:16. | :05:20. | |
fight a long guerrilla war of resistance. So there are plenty of | :05:20. | :05:23. | |
problems for the transitional council. But it will be hugely | :05:24. | :05:26. | |
symbolic when they arrive. The Government is putting pressure | :05:26. | :05:30. | |
on all MPs to reject a proposal to change the way that abortion | :05:30. | :05:32. | |
providers deal with women seeking to end their pregnancies. A | :05:32. | :05:34. | |
backbench Conservative MP wants to stop such organisations giving | :05:34. | :05:40. | |
counselling, saying independent advice should be given. | :05:40. | :05:43. | |
The Government has offered to hold talks with opponents of their | :05:43. | :05:45. | |
planning reforms following widespread criticism from the | :05:45. | :05:50. | |
National Trust and the Campaign to Protect Rural England. The planning | :05:50. | :05:53. | |
minister Greg Clark has denied that he is considering a U-turn, though, | :05:53. | :05:56. | |
over controversial proposals to change the law to encourage more | :05:56. | :06:04. | |
housebuilding. Two of Britain's favourite takeaway | :06:04. | :06:06. | |
dishes can contain illegally high levels of colourings, a snapshot | :06:06. | :06:09. | |
study has found. The Local Government Group analysed food from | :06:09. | :06:11. | |
more than 200 Indian and Chinese takeaway restaurants across England | :06:12. | :06:15. | |
and Wales, and also found very high levels of saturated fat, salt and | :06:15. | :06:24. |