What exactly happened? (Day 2)

Amna: all rise.

Judge: please be seated. I call now the case of the United States v Angelo mozilo, hank Paulson and ben Bernanke I remind you that it’s we’re resuming from yesterdays session we were with ms Eileen foster. Let me remind you that your testimony is under

Judge: bailiff, please swear the witness

Amna: Do you swear to tell the truth, the whole truth, and nothing but the truth

Kawther: I swear

Judge:  ** i missed this out**

Rayan:  how much fraud was there at countrywide?

Kawther: from what I saw, the types of things I saw, it was it appeared systemic. It wasn’t just one individual or two or three individuals, it was branches of individuals, it was regions of individuals.

Rayan: do you believe the situation was just a way of doing a business

Kawther: yes

Rayan: what do you think was the intention of executives at countrywide?

Kawther: I think that the loan officers received bonuses, commissions

Rayan: were they committing any crimes

Kawther:  yes

Yaqeen: I object the witness has been scripted. She stated before you told her

Judge: I don’t understand

Yaqeen: she answered the question before it was asked

Judge:  please continue

Rayyan: the next day you were terminated right?

Kawther: yes

Rayyan: I mean like somebody at countrywide or bank of America did not want you to talk to federal regulation

Kawther: they absolutely did not

Rayyan: were you offered a settlement?

Kawther: they asked me to sign a 14 page document that basically would buy my silence in exchange for a large amount of money

Rayyan: did you sign it?

Kawther: no

Razan: I would like to ask kawther a few questions. Have you noticed any acts of insider trading in your company by Angelo?

Kawther:  Yes.

Razan: Can you state what you saw or heard

Kawther: I sent some team. They found some documents

Razan: What gave you the conclusion?

Kawther:  he’s the CEO. He was told

Razan: in documents? What your evidence

Judge: repeat your question, please.

Razan: I’d like to know what her solid evidence is.

Kawther: they offered e money because

Razan: we know that but my question is. What is your solid proof that Angelo. Who told you?

Shaima: she’s just assuming

Judge: it’s the juries’ job to decide

Fatma: I’d like to call Michele more

Amna: swear

Bushra: I swear

Fatma: can you please introduce yourself and your job?

Bushra: my name is Michael Moore and I am a filmmaker, author, social critic an activist.

Fatma: what led you to direct the movie Capitalism: a love story?

Bushra: because these defendants must be punished for all of the devastation and misery they’ve caused for crimes such as theft and insider trading

Fatma: did Hank Paulson give money to Goldman Sachs without taking a waiver from congress

Bushra: yes, he did not take the waiver from the congress

Fatma: Isn’t it illegal? Should they go to jail?

Bushra: yes, it’s illegal because crimed theft and insider trading

Yaqeen: I’d like to ask you when your film was produced

Yaqeen: some of your info at the end of the movie was incorrect. How is your movie reliable?

Yaqeen: what’s your job?

Bushra: a moviemaker

Yaqeen: Do you make money? What’s CEO’s job?

Bushra: to take money

Razan: I think my partner in the defense counsel. Did not make it as a statement it was meant to be a question.  You said that no CEOs and no bank were taken to court. Is that right?

Razan: We have evidence that Angelo was taken to court for two crimes. How do you respond to that?

Hawra: when?

Shaima: in April

Bushra: My film was produced in 2009

Razan: thanks

Rayyan: I’d like to call Dennis Kucinich

Amna: Do you swear to tell the truth, the whole truth, and nothing but the truth

Ghadeer:  I swear

Rayyan: to be clear what’s your name and please state your job

Ghadeer: Dennis Kucinich, im democratic representative of congress.

Razan: congress member

Rayyan: did hank palsaun did he consult you the congress, when gave Goldman Sachs the bailout?

Ghadeer: no, he took permission from office of ethics of treasury.

Rayyan: why did he insist on giving a bailout to Goldman Sachs even though he asked congress before they refused them?

Ghadeer: I guess the fact that he was an ex-CEO of Goldman was a major factor

Shaima: I would like to ask what he witnessed exactly.

Razan: you are a congress person. Correct?

Ghadeer: yes

Razan: you stated that Mr. Hank refused your votes or permission on what exactly

Ghadeer: ummmm

Razan: what did he refuse?

Ghadeer: he took the permission

Razan: was it necessary to take permission from your counsel to make the decision he made.

Ghadeer: yes

Razan: our first witness is frank

Shaima: we would like to dismiss Angelo. He was already in court in Los Angeles about insider trading; we’d like to dismiss him

Judge: Which court

Shaima and Razan: Federal court in LA

Judge: When?

Shaima: In 2009

Judge: And the charges were insider trading and fraud?

Shaima: It was only insider trading. But fraud he had a bailout

For now were prosecuting Angelo mozilo for insider trading he was innocent he dismissed the prisoned

Judge: May I ask the source

Shaima: It was in a newspaper article

Judge: I’ll take it to consideration

Dareen: they said in 2009 he was proced university the congristion improved this law of insider trading and defined it again and they said that the book was renewed and that case if it was in 2010 it would be considered 

Razan: there was a law in the future you still cannot

Judge: I won’t make it a decision right now ill takes it into consideration.

Amna: Do you swear to tell the truth, the whole truth, and nothing but the truth

Muna: I swear

Razan: we would like you to state your name and job

Muna: My name is Dennis.

Razan: and according to my information, you’re an expert in laws what do you think about the laws and regulations

Muna: there were too flexible

Razan: do you think that these laws that are too flexible. Have they contributed to cause the financial crisis?

Muna: They basically caused the financial crisis because they let the banks and companies do what they want to do

Razan: are they any new laws and regulations made to prevent charges as insider trading

Muna: according to the laws and regulation they did nothing illegal it was all present at that time

Dareen: you said there are flexible with the laws. Don’t you think the secretaries would know about those wouldn’t he have enough information to

Razan: I object. The prosecution attorney is referring to the abstract committed in moral and not illegal and she said that these laws cause people go around banks and companies and these are the laws and they can’t do anything about them.

Judge: she’s just asking.

Dareen: grad theft and insider trading is defined from the federal website the taking of another property and  that’s then and now that were in a us courts its up to the juries how long the as a trading of stocks and companies to avoid the negalities that . I surly know that you know but how about the victims they have lost they’re money house they gained and others lost their homes and money and lifelong money and these three defendant have gained their money, these defense councils tried to show that they did nothing wrong. Its illogical that everyone has lost how did this happened and why these men are considered the. We believe that they were the reason. And to truly nvestigate their faults to this matter,

Razan: I would like to address you to defend our defendants against the charges

1)      Thy did not do anything illegal it was basically immoral that happened because the laws and regulations were too fixable and they allow these actions to be taken by the defendant. There was nothing illegal it was immoral president (credit swaps) (1995) which added pressure in ow income neighborhood and people could not afford them and why could they not do

2)      One of the chargers that hank and Bernanke committed theft and they said that it granted the bailout money which goldman Sachs. There is no problem because it’s one of his duties and they crashed down you don’t look at the people who by pumping money into them

3)      Mr. Angelo has already gone to court for insider trading in april 2009 and that was a double jeopardy as he was let out innocent even if the law changed recently. And that’s our closing statement.

Judge: ladies of the jury. You are judges of the facts of this case. You are to determine what the facts are by understanding the evidence of each witness. You must also decide whether the witness was reliable and trustworthy. You should discuss all issues between yourselves and carefully weigh the evidence to decide the final verdict. We all need three final verdicts, one on each defendant. You may retire to the jury room to deliberate. First pick one of you as the leader of your group. Please let the bailiff know when you have reached the verdict…… Bailiff, please take charge of the jury.

What exactly happened? (Day 1)

Fatma: we are here today to make legal judgment against the defenses (the names) Angelo Mozilo the

Judge: Now I would like the juries to examine

 we believe that the defendants must be sent t jail Angelo Mozilo committed an insider trading he realized that his company is in trouble. He changed his situation and he was asked and he refused to answer/ where's the money now?

Razan: the CEO mentioned that all allow their banks . buyers were not aware or all information. The buyers trusted agencies  they made this whole process easier it is their. They were being creative in a free market system . Angelo did not commit an insider trading

Tala: id like to call Angelo Mozilo. Do you think giving people loans, which they aren’t able to pay, and yet not making them leave any deposits, is right? Why didn’t you stop the situation that was happening

Leen: I didn’t know it was this serious

Tala: then why did you sell all your shares immediately just before the crisis booms? Could you please give me a convincing explanation for the $140 million you gained on stock, and then sold between November 2006 and 2007? Leen: I have the full right to.

Tala:  why did you sell all your shares immediately just before the crisis booms? Could you please give me a convincing explanation for the $140 million you gained on stock, and then sold between November 2006 and 2007? 

Leen: I have the full right to

Tala: I need to know the reason

Leen: its my personal reason I just have the right to do it

Tala: the past year…. Don’t you think informal people who have financial?

Leen: you're talking about fraud and I have paid for it.

Tala: correction: you didn’t pay

Leen: Country wide paid

Tala: asked a c

Leen: it's not illegal

Tala: you're not trustworthy

Leen: I am not breaking the law

Tala:  How can you explain the emails you sent to Mr. Sambol?

Leen: it was a joke. I wouldn’t send something important through the internet. The world is full of hackers. I wouldn’t send something this serious through the internet

Tala: I would like to call Ben. Mr Ben, In March 2009, you said the only reason you care about Wall Street is because of the effect it has on

Main Street

. You wanted to become federal chairman to make things better “for the average person.” You have been chairman since 2006; do you believe you have accomplished your goal? And if so, how?

Awaif: that’s the reason I

Tala: you support (inflation) governments benefit when properties . Access to cheap money. Do you support inflation

Awatif: no

Tala: you’re contradicting your appear.

Tala: you cannot follow your own authorization. You were simply ignoring them.

Awatif: I wasn’t ignoring. In contradicting I was trying to save the situation but that’s when people like you started assuming me with committing crimes

Tala:

Awatif: to correct you I didn’t steal any saving. What they took from people, was agreed on in the first place, in the contract signed by those people

Tala” how would they agree

Yaqeen:  Ben was accused for theft and he didn’t really steal anything. First of all there's this federal bank. CEO are working over rules. And I object.

Razan: the issue here is not about the deregulation its about the clients who has signed blindly. Ben did not legalize any the buyers approved the

Hawra: she's right its not about the re

Razan: your honor please can they ask clearly

Judge: she's doing her best

Tala:

Awatif:

Tala: to stabilize the system you have to start with the small bits then bigger

Hawra: asked Razan to cross examine

Razan:  how would you respond if I say that the financial institutions

Dareen: this court emphasize that it’s about theft so why are is the defense team going over subject

Dareen: her question was over ruling. And she is not gives us the chance to clarify

Razan: how would you respond to the statement that says financial institution are the bases of a free market economy

Razan: WE HAVE ANOTHER QUESTION.

Judge: not time for questions

Shaima: Ben. What is your role as a chairmen at federal

Awatif: I work as chairmen in the federal bank. I’m the chairmen.

Shaima: what does the chairman do?

Dareen: I object

Shaima: can you tell her to be quite while I'm talking

Hawra: please ask the question again clearly so we could move on to the next question

Shaima: I take my question back.

Razan: I believe that there are too many interruption from the prosecution members that doesn’t make any sense

Rayan: I’d like to call hank Paulsen .

Amna: do you swear to tell the truth, the whole truth, and nothing but the truth.

Noor: I swear.

Rayan: Why do you believe that you out of all people who are engaged in this system, in the states, and around the world, who lost their money and belongings while you and other bank executives gained?

Noor:  This is how the system works, we bank executives gain for our work and duty, we did not plan this so it isn’t our fault.

Rayan: Don’t you think you broke any rules against the law when you chose a company over another on a preferential basis while giving bailout money aid?

Noor: Which companies are you talking about exactly? And no I don’t think I broke any rules.

Rayan: both .Do you think you broke any rule when you chose a company over a

Noor: I haven’t favored a company over so no.

Razan: it does not relate to theft. The crime is theft but they're talking about company iver another

Rayan: Weren’t you aware that A.I.G were planning to pass about 2.9 billion US $ to Goldman Sachs as bailout money?

Noor: no

Nex q. Did you authorize the transfer of the money by A.I.G from the government bailout money?

Noor:  no

Razan : I object

Hawra: please remain on topic

Rayan : Why did you refuse giving the names of banks you helped or gave aid to? There must be a beneficial reason.

Noor: personal reason if you wanted to know there would have been in a confidetion report. Its not my choice

Razan: objection.. it's related to bribery more than theft. Because it was a number of bank names which were

Dareen: can I approach the bench

Hawra: No

Do you think that government aid should be rather than finantion institutions, if not why so

Rayan: Don’t you think that gover have been chance; from

Noor: no comment

Hawra: pleas rephrase

Tala: ill help rephrase. What we mean is don’t you think that the government aid the money go to rather than the financial in

Noor: the money we received with the help of the managers they should provide from the home borrowers. It’s how the system works

Noor: this is how it works we give it to the financial institution

Tala: that’s not helping them by giving them the money. Weren’t you aware when 9 billion Goldman Saches. What we meant was as your position its your responsibility to monitor it happens under you its your job why wouldn’t you recognized that this about of money is being used

Noor: it is my job to monitor where the money goes to. There are other managers who help. And it might be a fault.

Hawra: dismissed

Rayan: what was the bailout that gave billions to the bank. What was your job

Noor: we were having meeting to discuss about how we can fix the financial system. As a secretary of treasury. Im supposed to monitor where the cash goes to and how the financial system works does

Rayan: I would like to call Eileen foster

Amna:  *swear*

Kawther: I swear

Rayyan: Do you believe that this situation is a way of business

Kawther: No

Ryyan : What do you think was the intention of executives of country wide.

Kawther: they were looking through the

Rayyan: did they commit any crimes

Kawther: yes

Day 2 of the Court Session

        Day 2 of the court session, Sunday, the 23rd of April 2012. After the judge arrived announcing that the session will continue from where they’d stopped last time, calling Eileen Foster (Kawthar Al Sinaidi) who after swearing the oath of the bailiff, seemed prepared, ready, sure and serious in every answer she gave to the prosecuting team (Al Rayan). Even the defense council (Yaqeen) objected saying that Foster has been scripted with the answers but the objecting was over ruled.

        After that, Razan (member of the Defense council) stood and asked questions to Foster who remained calm and answered all questions, however, was not able to show any evidence that Mozilo committed insider trading. Michael Moore (Bushra Al Busaidi) was called as a witness after Foster, he swore the oath of the bailiff and was questioned by Fatima (member of the Prosecuting team), like Foster, Moore seemed calm and sure about every answer. The Defense council asked questions about Moore’s film that was made in 2009, saying that the information provided in the end of the film was false.

        The prosecution team the called Denis (Ghadeer) who swore the oath like the previous two and was questioned first by the prosecuting team (Al Rayan) and seemed a bit confused, then by the defense council (Shaima) who asked about what Denis has witnessed, the judge, however, replied the the prosecuting team should come back to the reported (Basma) for that answer later and that they should focus on more detailed questions to Denis. After that, Razan (defense council) started asking questions which made Denis seem even more confused and gave an answer that seemed to be not in favor of the prosecuting team.

        The defense council then called their witness and asked the judge if Angelo Mozilo could be dismissed, claiming that Mozilo has been to two courts before, the judge replied that she will look into that at a later time and took it into consideration. Frank (Muna), the defense council’s witness who’s an expert in mortgage loans and regulations swore the oath and Razan started questioning him, he seemed confident while being asked. Dareen from the prosecuting team then started questioning the witness, her questions seemed to confuse the witness which led to the defense council’s objection to the questions asked but the objection was over ruled.

                Finally the closing statements were presented to the ladies of the jury (Manal Al Busaidi, Maryam Barram and Asma Al Araimi) by both Dareen (Prosecuting team) and Razan (Defense counsil. The jury kept taking notes and were allowed to discuss the case and get to a decision which will hopefully be announced the next day the session is to be continued.

             

G12G English Mock Trial Day 1

Saturday, 22^nd of April 2012 at 8:40am, the United States v. Angelo R. Mozilo, Ben Bernanke and Henry Paulson started. The honourable judge of the case is Hawra Al Lawati, prosecuting attorneys: Tala Darweesh, Fatima Al Shanfari, Al Rayan Al Busaidi and Dareen and defending Ben Bernanke (Awatif), Angelo Mozilo (Leen) and Henry Paulson (Noor) are Shaima Al Rawahi, Yaqeen Al Hosni and Razan Al Humaidi.

The issue of this case is “Should big bank executives, Angelo R. Mozilo ((former CEO of Countrywide Financial), Ben Bernanke (Chairman of the Federal Reserve) and Henry Paulson (former CEO of Goldman Sachs) to jail for the 2008 global financial crises? Prosecutors claim that Mozilo committed insider trading, while Bernanke and Paulson committed theft. Prosecutors questioned the defendants after they -the defendants- swore the oath given by the bailiff (Officer Amna). Answering the prosecutors questions, Mozilo seemed to have an attitude, Paulson seemed serious and knew how to answer each and every question while Bernanke, on the other hand, seemed confused and lost. The jury consisting of Asma Al Araimi, Manal Al Busaidi and Maryam Barram seemed to be listening attentively and writing notes.