The banks can’t help themselves when it comes to taking on risky investments that endanger not only their ...
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First all the banks manufactured toxic mush that generated into a giant ponzi welfare program for rich bankers and trashed the whole banking landscape. They even bet that the same stuff would fail to make more money. Hedge funds made billions betting the banks would fold which they succeded in doing at a cost of 12 trillion dollars to the US taxpayer. Europe was also sold credit default swaps that were worthless. Governments saved the banks "too big to fail" especially America the centre of this deregulated suicide mission. No prosecutions for fraud by bankers like BARCLAYS BANK. Now governments are broke and demand austerity to recover. The people have been fleeced and must watch their standard of living crushed. Imagine they are even in the streets in America and Israel protesting as well as Europe. Bankers have left the scene of their crime and have stolen all the money. The future has been cancelled. Revoluti ons seem inevitable.
Didn't get a single moment of real crosstalk...Frankly, Peter, three guys from the same side of the barricade?!
Earth to planet Schiff - it's a perception, but complete load of rubbish, generally extolled by stooges with vested interests.
Human nature is to profit??? That might be his nature, not mine. There is much more in human nature then acumulation of profit in fact that is a human defect of character, not nature. With these kind of thinking humanity goes nowhere. These guys have no soultion to the problem because THEY ARE THE PROBLEM. THEIR WAY OF THINKINGB IS WRONG AND IS THE FUNDAMENTAL PROBLEM. Only total change in economic and political thinking will bring the possibility of a better future economy and future for humanity.This crosstalk is pathetic because they all think more or less alike. It's useless, what's the debate? They are all in favour of big capital. I look at them with utter despise, and so do most people on earth, even if they don't express it.
This is the "SAME" O'L Story and it must be a slow day for Peter LaVelle to keep on "re-hashing" old news. Why doesn't Peter ever do a story about the skin heads in Moscow? Putin "illegitimate" government? or maybe the standard of living for average Russia ns? This man is an insult to those of us in the news media.
JPMorgan bet the shop on credit default swaps in Europe and lost billions....exactly on what swaps and the extent of the losses is now a state secret. Jamie Dimon sits on the NY Federal Reserve board of governors which dictates the policy of the US Federal Reserve. This represents a conflict of interest on a monumental scale. No wonder the Fed printed 7 trillion dollars to cover their tracks. So we must now wait for the next financial crash in the 500 trillion dollar UNREGULATED derivat ives market. Dodd-Frank has achieved precisely nothing.. .thats the only conclusion. Banks too big to save. Reservations on the SS Titanic no longer accepted.
paul robert (unregistered) wrote in #1Argh ! this program is too short. The conversions were getting so good. There is so much to be talk about of this failed banking system. You need another half hour on this subject. Good show.I agree with paul, moar cross talk!
06:15 Peter hit the nail on the head, if there is ANYTHING we have learned from electing in the Obama administration is that the people will never accomplish anything by having a president "On Hire". Ultimately, this is why the general sentiment among the population is beginning to feel like it is time to start smashing idols.
The banking and monetary system we leave in it’s to keep the masses in fear of tomorrow, heads down , obey the rules, next step to “revive” the world economy and finalize the world domination Russia and China will be dragged in a devastating WWIII. scenario.
Argh ! this program is too short. The conversions were getting so good. There is so much to be talk about of this failed banking system. You need another half hour on this subject. Good show.
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