Borrowing sprees, big winners and bursts of Tasered flames

Stacy Summary: Afternoon headlines.  Will add more as I find them.  (By the way, due to lost emails, we will not be interviewing Mike Morgan until the end of summer; so, instead, we will be interviewing Dmitry Orlov and Dr Housing Bubble.  We have loads of good ones lined up for after summer break, including Barry Ritholtz, Mike Morgan, Eric Janszen and more!)

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UK govt overspent on bankers while revenue collapsed most since 1920′s

Stacy Summary:  The thing of beauty grows closer and closer.   Very classy the way they dump this news as they leave for recess.  “See ya, suckers!”

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Fiscal disasters, disbelieving Ponzis and misused TARP

Stacy Summary:  The disbelieving Ponzi victims remind me of nearly the entire populations of much of the Western world that Ambrose says await an Irish fiscal fate.  What are you thinking or reading about today?

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Downsizing 50 Cent, avoiding 50 percent & praying for bankers’ souls

Stacy Summary: First, Timmy Geithner has troubles selling his home nearby to where Max grew up and now 50 cent having problems selling his house in my hood – his house is less than a mile from my mom’s.  The thing is he bought the house for $4 million from Mike Tyson who bought it for I think it was $12 million.  Any signs of desperate times in your area?  I know in Paris it is DESOLATE – almost zero tourists.  While it’s nice to have the walk along the Seine almost entirely to ourselves many shopkeepers in our area say that they can last only another month or two if things do not change . . . .

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[Video] Max Keiser interviewed on CNN?

Stacy Summary: Okay, which one of you is responsible for this?

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Stacy is open to suggestions on questions

Stacy Summary: Thanks to @Marcus for suggesting Geoffrey Robertson, QC. He is our guest for the next episode of On the Edge. We are going to ask him about the hypothetical case against the financial oligarchs. Anyone have questions that you think we should ask him . . . the comments are open to your suggestions!

The following week’s guest is Mike Morgan of GoldmanSachs666, so you can also offer suggestions for questions for him, too.

In the meantime, here is another @Adam masterpiece for your Sunday contemplation:

When the gangs take over Wall St . . . remember, he's on your side

When the gangs take over Wall St . . . remember, he's on your side

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Bonus boom time returns to Wall Street

Stacy Summary:  Our own Max Keiser is quoted in today’s Independent.   What are you saying this Sunday???

Not everyone is celebrating. Financial analyst Max Keiser accused Goldman of running the US government, while US lawmakers attacked the firm for paying out juicy bonuses so shortly after the investment bank was rescued by the taxpayer. Mr Keiser, in the US magazine The Deal, described Goldman as “scum” and claimed it controls the Federal Reserve and Treasury, caused the financial crisis, and front-runs on every deal on the New York Stock Exchange.

But Goldman, used to such vitriol after a recent attack by Rolling Stone magazine, is defiant, arguing it has paid back the $10bn in taxpayers’ funds it borrowed from the TARP scheme and paid out dividends to taxpayers. Analysts say Goldman chief executive Lloyd Blankfein has played a blinder by sticking to a business model which everyone deemed dead and broken only a few months ago. While rivals such as Morgan Stanley have cut back on risks, Goldman traders have been out making markets in their traditional areas.

p.s. – Max also made it up to number 12 on the Viral Video charts. Could have been higher at some point, but we didn’t see it if it did. Anyway, good job @Danny! I know your computer/pitchfork was behind it all ;)

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[1048] The Truth About Markets – 18 July 2009

Stacy Summary:  Max and Stacy for Resonance 104.4 FM in London.  A compilation of some of the best Max material and interviews.  Thanks for a great week and helping Max’s France 24 appearance go viral!  It’s on the top of the list for News & Politics – even beating Michael Jackson’s head on fire!

For more listening or download options visit Archive dot org

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Max Keiser? Or Max Headroom?

Stacy Summary: Sent to us by, let’s call him”Deep Throat.”  I like it.

Max Keiser?  Or Max Headroom?

Max Keiser? Or Max Headroom?

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Photographic evidence emerges of how Hank “Sacks of Gold” Paulson “pressured” Ken Lewis

Stacy Summary: Thanks to @DiToni for getting this from the police archives . . . What more evidence do you need that Hank “Sacks of Gold” Paulson is a leading member of a crime syndicate?

Ken Lewis pressured by Hank "Sacks of Gold" Paulson

Ken Lewis finds a horse head in his bed. Hank “Sacks of Gold” Paulson’s message has been delivered.

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[OTE10] On the Edge with Max Keiser – 17 July 2009

To watch as one file at Blip click here. Or Archive dot org.

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Hank “Sacks of Gold” Paulson admits to threatening Ken Lewis

Stacy Summary:  A little artwork from @Rasta!  Very funny.   And I have given Hank Paulson his very own gangsta name.  I wasn’t happy with “pretty face” as I believe Marketwatch called him.  Anyone able to do a mockup of Ken Lewis finding a horse’s head in his bed?

Rasta Art

Rasta Art

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Scum is ‘bad for America’ [UPDATED]

Stacy Summary: I love how polite Krugman states, “Goldman Sachs are scum.”  And had to put Taibbi’s link to Max’s France 24 appearance.  His comments are funny.

The Bush administration and Congress discussed the possibility of a breakdown in law and order and the logistics of feeding US citizens if commerce and banking collapsed as a result of last autumn’s financial panic, it was disclosed yesterday.

Making his first appearance on Capitol Hill since leaving office, the former Treasury secretary Hank Paulson said it was important at the time not to reveal the extent of officials’ concerns, for fear it would “terrify the American people and lead to an even bigger problem”.

Update:

Spammers now using Goldman Sachs name to spread sex video links! Here is a spam that was caught by my spam guard:

Goldman Sachs Sex Video Spam

Goldman Sachs Sex Video Spam

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Bigger than Ronnie Biggs, Hank Paulson’s “largest theft in history”

Stacy Summary:  If Hank Paulson orchestrated “the largest theft in history” then why isn’t he hanging with Ronnie Biggs?

Stacy:  speaking of Hank Paulson, here is a still from Max debating Paulson yesterday.  I know most of you won’t have seen it, as it is yet to air on pay-per-view, but thanks @Adam for leaking this image.

keiser-v-paulson

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