He's railing on the financial reports coming from Wall Street right now, saying that they aren't accurately representing what's happening to the major banks and the insurers who back them. The video goes for about 12 minutes.
He says the insurers backing the banks will all go belly up. He says the banks are misrepresenting the write downs big time, he is slamming the SEC and the government for turning a blind eye to the exact thing they were formed to prevent. He basically says that all the government officials are in the pockets of the banks. Says this is going to take years to recover.