Max Keiser on bankers’ bonuses – France 24′s “Face Off”

Posted on March 27, 2009 by stacyherbert| 28 Comments

This entry was posted in Max Keiser Video and tagged banking fraud, cds, derivatives, embezzlement, gold standard, goldman sachs, jpmorgan, max keiser, maxkeiser.com, money laundering, rico, state aid to banks. Bookmark the permalink.

28 Responses to Max Keiser on bankers’ bonuses – France 24′s “Face Off”

MrSupergeek | March 31, 2009 at 10:29 am |

Hi bzmoore
Cheers for the heads up on the other Face Off interview – great to watch – I agree Salin had some points that made sense but was a little bit hit and miss, He tried to do it to the Max but couldn't really do it and got what he deserved. Somebody needs to compile a collection of Max's best video moments to go with the radio archive torrent to help "Tell The People".
bzmoore | March 31, 2009 at 12:44 am |

For a warm up to this event Max tried out another French Professor back in Sept 18 2008 on Chan 24.
It is also pure Max, meaning great.
http://www.youtube.com/watch?v=WUo3ENOjgbQ&fe…

In this one Christen Stoffaes, also from U of Paris-Dauphine, is overwhelmed by Max's Gusto-Jihad and ends up sputtering his agreement, sort of. I must say though that Professor Stoffaes is on-side more-or-less from the beginning.

When Max gets his Mojo up it's like watching a train wreck especially with the genteel manner of French verbal intercourse. I differ from other commenter's in that I think Salin and Stoffaes have good points. It's just that to get his point across Max has to pump up the volume really LOUD.
Chase | March 29, 2009 at 9:23 am |

Max, did you realize that Pascal Salin is an Austrian economist?
snoop diddy | March 29, 2009 at 1:49 am |

Bugger Michael Snore. I'd rather see a feature length doco presented by Max!
The story must be told!
DavidA | March 29, 2009 at 12:36 am |

and intellectual honesty. Most refreshing. I don't think they are minions, just need reeducating
gold10k | March 28, 2009 at 9:54 pm |

Max, I was totally energized by your unrestrained truthtelling. Although I understand and appreciate Palantiri's point, I welcome your expression of commitment and outrage and believe that the world will soon be ready for it.
Mep | March 28, 2009 at 7:34 pm |

Decapitate the bankers . . . LOL! It must take a lot of practice to be able to say that with a straight face!

Way to call the Professor out for being an apologist, Max.

I'm sending an e-mail to Michael Moore and attaching Max's Rigged Markets videos. Moore is working on a new movie about Wall Street . . . I'm asking him to contact Max and to use Max as a resource. Will you people here join me? Here is a link to his Website where you can see Moore's e-mail contact: http://www.michaelmoore.com/words/message/index.p…
Roland Ansgar | March 28, 2009 at 5:25 pm |

Max, you rock!! That was dead-on-balls accurate! OUCH!! Salin looks silly stammering and stuttering, and the host should have stayed home and baked cookies or something – such a weenie. BTW, I have a guillotine. Let's storm the gates!
Mr Supergeek | March 28, 2009 at 12:39 am |

Max and Stacy are what time it is!!! No doubt the media know this. I think you can expect lots of work ahead even if they only want someone to be the devils advocate or represent an alternative view. The calmer decaff Max on Al Jaz’ interview was equally awesome….good luck with all the changes to the website…You two have your fingers on the pulse or should that be purse.
Chris | March 27, 2009 at 11:41 pm |

Palantiri,

Your comments are relevant. No need to apologize. Rest assured that Max and Stacy do read these pages, and incorporate feedback into their on air performances. Max is in the difficult position of trying to start a revolution, while at the same time give an erudite lecture. One goal calls for professorial pedagogy and the other for shouting “Rise Up!!!!!!”
Jeremy | March 27, 2009 at 10:23 pm |

Amazing performance, kudos to Max Keiser!
Marxwebe | March 27, 2009 at 7:49 pm |

Excellent “Shock and Awe” Debate, however you’re a little rough with the decapitations. Perhaps life sentences would be more humane??
Lloyd | March 27, 2009 at 5:18 pm |

I for one like your gonzo style of financial journalism. Don’t go changin’ your game. You’re not going to get an invitation to appear on any American broadcast or cable network any time soon anyhoo, so why bother?
paul carlander | March 27, 2009 at 5:13 pm |

dammit max… your my favorite badass truth teller. wake up people. http://www.youtube.com/watch?v=6dfPAEYxcqY
Rich Hayes | March 27, 2009 at 4:04 pm |

To paraphrase Churchill, this was your finest hour Max.

If Im in Paris anytime soon, please allow me the priviledge of buying you a drink. The caveat being ill probably be skint and you will have to make do with a 2 for 1 Mojito in Le Marais.

PS anyone going to the G20 protest? I would love to, but my back wouldnt be up to the strain. I can still only walk for 5 minutes maximum

Again, top class stuff Max, I was beginning to lose hope the anybody would just get up on TV and call out the Central Bankers.

XX

Rich
Brian Moore | March 27, 2009 at 3:26 pm |

People perhaps don’t understand what “Face Off” means. I do agree with Palantiri’s comments on the need to be more genteel, especially for those unfamiliar with Max. In America news is not seen as a discourse but is seen as a sport and the concept of yelling at each other is well accepted. Max of course takes this to the, literal, max.

Face Off derives from the game of Hockey where the two opposing players face each other and try to whack each other with their wooden sticks to gain control of the puck and at some point score.

Good thing they wear helmets these days. Perhaps this part of the ‘game’ is due to the French influence of Coup de grace or as Max would say ‘off with their heads!.

Yes the host was very uncomfortable at points, couldn’t quite place his Ausse? accent.
Ozzie Pete | March 27, 2009 at 2:53 pm |

Way to go Max, that’s exactly why we love you so much…
We went from a gold standard to a fractional reserve monetary system and now to a credit reserve monetary system.
The academic who really believed he had a supreme mental capability was humiliated by a straight talking and street smart Max
Palantíri | March 27, 2009 at 2:29 pm |

The debate was a bit odd, Max you know your stuff but you need to start presenting this knowledge with more credibility.
Speak with authority, speak with a normal voice, and when you’re really serious use the strong “father to son who’s done something bad” tone (like Jim Rogers had in his Fox Business interview with Alexis few days ago on the 25or26 of March).
The reason I have for writing this is that I want to take you seriously and I want the rest of the world to take you seriously because what you do tell is so very important.
You sometimes have those moments in Karmabanque where you talk about a subject calmly with dept and great knowledge in a logical and “down to earth style” in other words easy for us deadly people to understand and to take what you say seriously.
As a contrast when you start talking about for example Goldman Sachs ruling the government as you did in this clip which they may very well do I don’t know, but so does probably not the rest of the people\viewers ether and when you go on talking like that we might look at you as if you were a conspiracy nut person. Or when you’re go crazy and the voice goes really high we don’t know if your just ridiculing stuff or actually serious about what you’re saying.
Since you are an “outsider” (not a propaganda machine for mainstream media or bankers or politician) and much of what you say is presumably unknown to the majority of the viewers, than it is even more important that you present it properly.
I Hope this wasn’t too rude to write. Love yours and Stacy’s work, it is refreshing to get good alternative information from you guys. At the end I’m sorry for bad English (not my native language)
Pi_314 | March 27, 2009 at 11:21 am |

Boy _ You really put it out there this time Max. Like in that movie, where the old lady cries out, guillotine! guilloteeeeeene!!

Good TV

You need some good ole fashioned presence on some US shows. We are ready for the mob mentality. We just need someone crying out, Guillotine! guiloteeeeene!!!
Ismael | March 27, 2009 at 11:07 am |

Superb performance by Max. Thank you!
Mr Supergeek | March 27, 2009 at 10:06 am |

Pure Max Gold Bullion, Pure Gold Bullion..As Usual Max Was On The Money ..The Professer Was More Chicken Boullion After Max Had Finished With Him……Classic…At One Point The Presenter Looked At The Camera With A Smile He Looked Like He Was Enjoying It More Than Me…….Tell The People.
Adam | March 27, 2009 at 9:57 am |

Gnarly! Max really let rip!

Have you guys seen this:

Twitter activism for the G20 protests.

http://twitter.com/TheMegaMouth
http://www.actionaid.org.uk/index.asp?page_id=101770
Chris | March 27, 2009 at 9:28 am |

Well done. The irony is that the French banker guy is very critical of central bankers and their low interest rates. He just doesn’t realize that GS is the dog and the Fed is the tail it wags.

Some thoughts: since most people are still clueless, it helpful to lead them into to the “financial terrorists” charge more gradually. Start by citing examples of Fraud, Embezzlement, then Counterfeit.

Finally you can mention that the total cost claimed for the destruction of the WTC on 9/11 was $7.1 billion (only $4.5 billion was payed to Silverman by insurers). Given that bankers have stolen at least $ 7 TRILLION, we can agree that whatever punishment you may wish for bin Laden, the bankers deserve 1000 times that.

The discussion of whether or not to take a way a few million in bonuses is like asking: should bin laden be slapped on the wrist or hit with a wet noodle?
DukeDaddee | March 27, 2009 at 9:12 am |

Nice job Max… The decapitation statement threw them off their game… It was downhill after that. I don’t think you made the interviewer very comfortable, he looked frightened and amused at the same time. Like a kids first ride on a roller coaster. Is he a fiend of yours? ANYWAYS everybody seemed happy at the end, gold has that soothing effect now doesn’t it. Ciao.
geopol | March 27, 2009 at 9:11 am |

Stacy, Congrats, the links are blue…
geopol | March 27, 2009 at 9:08 am |

MAX is vindicated again, Cuomo on the right track..
Exactly what max was referring to in Face Off

Attorney General Andrew M. Cuomo of New York said Thursday afternoon that he was widening his investigation of the American International Group to examine whether its trading counterparties improperly received billions of dollars in government money from the troubled insurer.

Those counterparties include Goldman Sachs, which received $12.9 billion, as well as Société Générale of France and Deutsche Bank of Germany, which each received nearly $12 billion.

“Our investigation into corporate bonuses has led us to an investigation of the credit default swap contracts at A.I.G.,” Mr. Cuomo said in a statement. “CDS contracts were at the heart of A.I.G.’s meltdown. The question is whether the contracts are being wound down properly and efficiently or whether they have become a vehicle for funneling billions in taxpayers dollars to capitalize banks all over the world.”

Other counterparties that received money from A.I.G. include Barclays of Britain ($8.5 billion), Merrill Lynch ($6.8 billion), Bank of America ($5.2 billion), UBS of Switzerland ($5 billion), Citigroup ($2.3 billion) and Wachovia ($1.5 billion).

The government injected about $180 billion in bailout money into A.I.G. to prevent its collapse after the company found itself on the wrong side of the credit default swaps that it sold. The swaps are insurance-like instruments that allow investors to hedge against bond defaults.

A.I.G.’s financial products division sold the credit default swaps, and it has faced a wall of public outrage after it paid out $165 million in retention bonuses. Earlier this week, Mr. Cuomo said A.I.G. employees had agreed to return $50 million of those bonuses.
geopol | March 27, 2009 at 8:55 am |

Am I sensing that MAX IS BAX, you where on fire MAX, again the host of this program was somewhat surprised when the fine professor agreed that sound money in the form of gold would go a long way in stabilizing the world markets.

It was also great to see the moderator uncomfortable when MAX brought in the gold card as remedy. Watch the smirk.

I have to say we are doing poorly with the hosts financial IQ’s over the last couple of days..

May the road rise up to meet you Max Good show……

Fri Mar 27 EST 73 degrees highs today 83 Florida

Cheers all
Danny | March 27, 2009 at 8:53 am |

I applaude max – what guts and honesty. those other two minions were sqiurming in their chairs. outstanding!!!!!