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Episode 575

March 15, 2014 13:30

Reuters/Soe Zeya Tun

Download video (208.91 MB)

In this episode of the Keiser Report, Max Keiser and Stacy Herbert discuss financial ear wax and collateral the size of a spider’s egg. In the second half, Max interviews Chris Whalen, an investment banker and the author of a new book, “Financial Stability: Fraud, Confidence & The Wealth of Nations,” about a financial system replete with fraud and how what is happening in Detroit relates to fraudulent derivatives.

Comments (8)

 

DoAsk DoTell 17.03.2014 11:37

The West's system: money = banks. Banks abused the taxpayers, bankrupt the system. West's system is broken because it's too wasteful for no reasons other than let the top 200 multinationals trash our home planet.
It's easier and saner to create a new trading currency based on real labor, real needs, real accountable democracy.

 

Love & Theft 17.03.2014 06:50

It's a matter of modern accounting. The banks/corporations make disgusting profits each year. At year end their books have "HAVE" to show assets vs liabilities as equal, otherwise it's taxable. So they have to distribute this lump of $? Brother-in-law first; corrupt pols/pals, lobbyist, advertising and don't forget CEOs bonuses. All getting the lump down to equal total assets. The atonishing thing is the people working in this Hierarchal dysfunctional system beleive these frauds deserve the $ more than they do.

 

Ar Jafari 17.03.2014 06:23

Why won't he say the failed banks should be dissolved? He's still preaching socialization of losses for banks and misplaced penalization for unions negotiating in good faith. Don't bother bringing him back for an encore because it's the same broken bankster record

View all comments (8)
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