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Episode 576

March 18, 2014 13:30

Ramin Talaie / Getty Images / AFP

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Max Keiser and Stacy Herbert discuss teddy bears, sunk cost fallacies and home buying binges. They also look at Wells Fargo returning to the subprime mortgage market just as Blackstone may be looking to bail on its 43,000 single family homes. In the second half, Max interviews Chris Whalen about the imminent default in Puerto Rico and what this could mean for the greater debt market.

Comments (8)


Love & Theft 20.03.2014 00:52

It goes back to "The Clinton Doctrine". The crafting of financial intruments into weapons of extortion and intimidation. (crafted by a overexuberant and incompetent infants at the fall of the SSRs). Like all weapons; you just can"t get enough of them. What this did was to give countries like Germany and Japan (both having Insatiable ambitions for imperialism (or neo-colonizism) a new weapon to pursue their inherent ambitions (without having to maintain a standing army). The foundations of instability has its roots in Robert Rubin and the Clinton Doctrine.


Paul Stanley Mee 19.03.2014 23:34

o/ Max, here one for you. I lived in Maxwell Road as a child, funny that, hope your well. I wonder if we entered into WW3 how would that effect Wall Street and stock exchanges across the world?

So many dodgy high risk outcomes hhhmmm :-)


CelticRaven 19.03.2014 07:01

Chris Whalen, hmmm. Likes Jamie Dimon ~ thinks he's a good guy and believes that he's not committing fraud because he can commit fraud? Thank you, Max, for putting this apologist against the wall. However, I have a niggling feeling that Mr. Whalen, who is friends with fraudsters and writes books about fraud may jussst be closer to fraud than just that. I don't like him and won't be buying his book.

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