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Episode 499

September 19, 2013 11:30

AFP Photo/Bay Ismoyo

Download video (192.55 MB)

Max Keiser and Stacy Herbert discuss the triangle of fraud in the housing sector and the policy of Icarus economics in which banks can't crash soon enough because then they can get their bailouts from the taxpayer. In the second half, Max interviews Simon Rose of about the George Osborne’s ‘New Deal’ of putting estate agents to work as flocks of pigs fly across the London sky. They also discuss the five years of unintended consequences, including that which has led to the idea being floated of a government cap on house price rises to correct the problem of government intervention in the mortgage market.

Comments (10)


Christopher Weatherley 11.10.2013 15:26

Nice change listening to some relevant information , unfortunately most people will be anxiously waiting for the next episode of Coronation st , Emmerdale or Eastenders.. Very strange , MAX KEISER a breath of fresh air .


Colin Shorey 21.09.2013 01:12

This loan of 20% free for 5years guarantees greater debt after the period end.Even the property seller don't think its a good idea as they feel they are pushing the purchaser to crash into a brick wall


Norm de Plume 20.09.2013 17:48

It's like the folly of Pickett's Charge or the Charge of the Light Brigade. A foolish venture is started. Men are getting hit all around you. But, you haven't been hit yet. So, you keep on in the foolish action until you do get hit.

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