Stacy Summary: h/t @Mike/Liverpool.
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Most recent: 
Wow, the first mention of “ENFORCMENT” on the MSM!! And there has been none of it. Or should I say, fines of 25%-50% of the ill gotten gains; cost of doing business. But, where’s the RICO, Asset Forfeiture, etc??? Where are the FBI, US Treasury, NY Fed? The system is broken due to 3rd world levels of corruption.
CNBC – Traders (Santelli) Cheering on Ron Paul
http://www.youtube.com/watch?v=WvirM1goFq4&feature=related
CNBC Reporter (Santelli) Says The Fed is as Federal as Federal Express
http://www.youtube.com/watch?v=OIDyhBDs29o&feature=related
@Mep, At least at the time the bailout was being debated, Santelli got into shouting matches on TV with analysts putting the pressure on to pass it.
http://www.youtube.com/watch?v=I-1g0OZJIdk
Here Santelli takes on Cramer (and Cramer gives love to Big Brother).
http://www.youtube.com/watch?v=fQQfzXQ6UjA
Does Rick speak because he needs the money or is that his perception?
I’m wondering the weight of words for all those voices on TV,
Do they need the money ?
If so, I’d venture to say they would say anything to make a buck.
Rick Santelli Translation ” Screw all those dumb-ass people who believed the main stream corporate controlled media that assured them house prices would go up forever. Who were systematically preyed upon and encouraged to lie about their financial situations in order to extend the credit frenzy available to them (while the investment banks were shortening their proprietary positions). It’s their own fault that they aren’t sophisticated investors like me, I did just fine. I still have my mansion and private jet. Me,me,me,me …. It’s all about ME!!!!!!!!!
i am just a carpet cleaner I told my fucking re agent when I added acreage onto my farm —i–wanted an appraisal to see if it was worth it there was an appraisal I was never given a copy saying it was worth 950,000 I thought it was real -it was for the bank a year later i couldnt get 400,000 end of game they got my farm all of my equity all my payments I would like to fuck santelli in the ass with a baseball bat
I used to hate Larry Kudlow on McGlaughlin Group. Now his childish antics are being shown here. The government’s only real role here should be to PREVENT, or allow PROSECUTION OF FRAUD. Thousands and thousands in the financial industry need to go jail, along with
1).Appraisers
2).Anyone who lied on their application
3) Moodys, Standard and Poor’s, et al, for rating CDO’s AAA. Whom are they kidding?
How about getting one of the Brixton Pound organizers in London at brixtonpound.org? or any other local exchange trading system organizers for that matter.
David McAlvany at McAlvany.com – one of those bright young adults that should be interviewed.
Loaning people money is the same as buying their debt, buyer beware.
And if you think you can’t cheat an honest man, try cheating a crook.
maybe ron paul is a little gun shy after granting this interview with sacha cohen in BRUNO
http://www.youtube.com/watch?v=F7RnlPQCKBQ
for some reason i just assumed most celeb/politoco/tv types did a little resaerch before granting interviews, the clip stayed in the movie so how much did they pay ron paul?
Morning folks
Don’t any of y’all sleep…I mean if I don’t get a full 12hrs I am grumpy….guess the cool kids don’t need to sleep…onto my meaningless comment
good clip….also shows the inherent bias in the media regarding always being lapdogs for their betters…Kudlow and the boys/gals are courtiers….just there to say that Masser is a good man a kind man a generous man…Masser is just smarter than you field N(**(&S that why he rich
@Mep
“That’s why when people actually asked questions about the prospective mortgages, they were lied to. Education/ accurate information tends to interfere with free-market fraud.”
Good point this must be why the push for “race to the top” in education.
“The French deficit is set to climb to 8.2 percent of gross domestic product this year, the highest for at least half a century. Its debt is projected to jump to 83.2 percent of GDP — up 20 percentage points in just two years.
“France has been lumped as a core euro zone economy. To our mind the budgetary situation is not as good as the pricing suggests,” said Richard Batty, an investment director at Britain’s Standard Life Investments.
“It is being priced as though there isn’t a budget problem,” he said.”
http://www.reuters.com/article/idUSTRE62422R20100305
I wonder why? Fitch/France?
@s.herbert
uhm, I knew I was being picky, but I just wanted to give GM some props!!!
@SuperGeek – sigh, I knew it would come to this point soon; most times I come across a story before I see it in the links and in this case I did not see gonzomarx’s link before I read the one from @Mike/Liverpool; hat tipping is a precarious thing and perhaps I should stop doing it at all and instead always say hat tip anyone and everyone who read this story or linked to this story first because when hundreds are commenting it is not really possible to make everyone happy
@s.herbert
uhm, please no reply needed, but maybe I missed something, I thought gonzomarx post the link to this story last night!!!
@Mep:
Henry Blodget was most likely trying to flip for profit and got stuck holding the card.
oops . . . I meant, “I don’t know about that.
I really do find these CNBC hosts rude. Janet Tavakoli appeared on the BBC’s Newsnight a few weeks ago with Vince Cable, one of the bes UK politicians, and the interview was pertinent and respectful. These CNBC peple could learn a thing or two.
DavidC
@ The Man From Glad – I don’t about that. Even Henry Blodget got scammed into taking out an option arm mortgage that he got into trouble with. Besides, nobody was interested in educating people about the loans they were being offered. That’s why when people actually asked questions about the prospective mortgages, they were lied to. Education/ accurate information tends to interfere with free-market fraud.
To his credit, Santelli was opposed to the bailouts from the beginning. Sounds like the host is too.
@ Dedo
I sent a mail ta Stacy suggestin he do some vids on Hedge funds and sh!t sometin like tis guy
Marketplace Senior Editor Paddy Hirsch
Untangling credit default swaps
http://www.youtube.com/watch?v=DdEI6PkGZK8&feature=related
Hic
The Money lending act in the Uk was replaced by the consumer credit act. The consumer credit act allowed the banks and other lenders to re-introduce predatory money lending at usury rates. The banks are fleecing customers who are likely all tax payers who have been forced through the crooked government to lend tax money to protect corrupt banks. There are lots of private money lenders who are currently forcing businesses in trouble to borrow from them at rates of 18-20% and these businesses are also handing over debenture type security (there core asset and business) to secure this. Yet we were all told that the bail out was going to help our businesses. Brown and Bankster cntrollers are utter thieving cheating liars! I see no signs whatsoever of any recovery in the real economy outside the publicly funded sector – which is actually a real bubble and will burst in another engineered scenario as the printing machines tire of the huge scam!
Kudlow is an financial parasite (Economic Hit Man) from way back. As usual, ExiledOnLine.com has the “inside story”
http://exiledonline.com/less-than-kudlow-is-cnbc-host-suffering-cocaine-relapse/
far better than anyone else.
What’s most infuriating about Kudlow’s CNBC “brain trust” in this typically horrid segment of his CNBC show, is that while Kudlow’s fellow Wall Street “expert” guests & ghouls are raising their voices, and hyperventilating, SHOUTING that home loan purchasers who are “TOO STUPID” to read the fine print of their Mortgage docs DESERVE to be fleeced (when their OVER-APRIASED home-loans RESET from enticing “TEASER” rates) …
….these Wall Street liars fail to point out that INDIVIDUAL mortgage buyers ARE NOT the ones BEING BAILED OUT with TRILLIONS of taxpayer extorted dollars….
…it is THEY, the FAILED, BANKRUPT goons on Wall Street, who are veceiving those SOCIALIZED TBTF bailout billions & trillions.
Their relentless, arrogant, self-righteous right-wing financial propaganda must have Joseph Goebbels turning green with envy in his grave.
(And kudos to Janet T
Typos. Past my bed time.
Well of 90% of the money supply is just credit, under fractional reserve banking. Less then 10% is backed by gold, even on a gold standard, if you have fractional reserve banking.
know not no,…fk sake,.I’m gunna have to slow down,…I’m getting to excited,.!
typo,..How,…not fkin’ who,…
@Dedo, I think we all have our wish list of what topics we think Max, or whoever, should be focusing on. I give Max a lot of credit for giving Ellen Brown and Steve Keen as much time on air as he has. They both focus on the extent to which contemporary economies are based on debt. Fractional reserve banking is money as debt. Or all the money except coins, which makes up less than 1 % of the money supply. Even the average gold bug doesn’t seem to understand how little of the money supply would be backed by gold even on a gold standard, provided we still had fractional reserve banking. Well of 90%.
@TMFG,..I agree totally,.but we both no the reasons for that never happening don’t we!
Ask 99.9% of the population who the system works,..and you’ll get a blank expression,….: )
It’s the reason 0.1% of the population own all the resources of the planet,. go figure
Santelli does have a good point about the need for more public education on finance. It’s questionable how effective increased regulation would be. It seems the people who could enact the regulations were put where they are by the people they would be regulating.
@TMFG,…So that should be the focus,..debating everything under the sun, is a tactic used to confuse
http://www.merriam-webster.com/dictionary/sophistry
@Deda, Max talks about “negative reserve banking” all the time. Most recently with Ellen Brown, I think, on the last PressTV. That topic treads on Basel II, which could be the subject for a whole show, or one of those documentaries like Max used to do for AlJazeera..
Ugh. Don’t know how anyone can watch that show regularly. And what’s up with there always being some douchebag yelling “Yeah!” or cheering behind Rick Santelli whenever he takes swipes at the little guy?
I was a little bit surprised to see the visceral reaction to the phrase “predatory lending.” Why, blondies’ face completely contorted!
Last comment: if these people are soooooooooooo concerned about the IQ of Americans, they should all resign and end their stupid fucking show, which does nothing but mainstream idiocy into people’s livingrooms. Who will take them aside and explain to them that their market fundamentalist worldview has COMPLETELY COLLAPSED and is beyond repair?
‘Beasley Allen, along with Dagney Johnson-Walker, a Birmingham lawyer, recently filed suit on behalf of the City of Birmingham against various sub-prime lenders including Wells Fargo, Regions Bank and Countrywide. The suit contends that the companies have violated the Fair Housing Act (FHA) by participating in predatory lending practices. The lawsuit also alleges the lenders violated other state laws and have profited by their wrongdoing.’
http://www.youtube.com/watch?v=BnBEBcka-fE
How come folk perpetually skirt around the real issues (core problems),.is it to keep the game of debate going?
We all know the fractional reserve system and the resulting derivatives are fraudulent, why not start there,.huh,huh
Snoot manages to bring up core issues,.and no-one can address them,..pathetic!
BTW: Don’t respond to this post, I know the answers,..: )
Must be ta Boogey man Al prefix Stacy
Americans Probably tink Aljazeera is also a terrorist camp in Afganistan Ten he’d never get Elected
lololololol
Hic
maybe Max and you will go main stream if we call him. Al-Max and you Al-Stacy
@Al-doomandbloom – I can see the breaking news headline now . . . and how Fox News and the Daily Kos will present you . . .
yeah…looks like its true…i am scared of myself now..
Does the Al prefix…boogy manify things? I am going to change my name from today…i shall now be known as ‘ Al-doomandbloom’
@max, sorry to hear about ron paul not coming on your show..would have been interesting.. yes, news in the us on tv is pathetic….i actualy force myself to watch a half hour or so daily…come here for the real news…….pg
@maxkeiser – Ron Paul didn’t respond to our requests when we were with Aljazeera; could be the boogey man aspect of that name?
Ron Paul does not do foreign press
is that after the ‘Bruno’ incident with Sacha Cohen? hahaha
are u not american Max…?
i’ve seen the hot chick from rt interview ron paul
Farage fined €3,000 for ‘insulting’ Van Rompuy
tear goes ya free speech
I guess Max woulda been fined 2 mill by now
lolololololol
Hic
Farage fined €3,000 for ‘insulting’ Van Rompuy http://www.europeanvoice.com/article/2010/03/farage-fined-%C3%A2%E2%80%9A%C2%AC3,000-for-insulting-van-rompuy/67288.aspx
The outspoken British MEP described Van Rompuy to his face as having “the charisma of a damp rag and the appearance of a low-grade bank clerk,” remarks that Buzek said violated the Parliament’s rules of conduct. Farage also labelled Belgium “pretty much a non-country”.
Finally watched it ! bunch of lunatics
CNBC Financial Advice Jon Stewart
http://www.yesbutnobutyes.com/archives/2009/03/jon_stewart_vs.html
lolol
A classic by Jon IMO
Hic
Breaking News: Gordon Brown just admitted that Iraq represented “a threat to the NWO that we are trying to create”
http://www.telegraph.co.uk/news/newsvideo/uk-politics-video/7345502/Iraq-Inquiry-live-video-Gordon-Brown-gives-evidence-to-Chilcot-Inquiry.html
You could always interview @david…
man I still have’nt been able to see ta above vid
hic
CNBC’s streaming vid technology sucks
hi max and stacy
here’s jim chanos sayin
It’s Ludicrous To Think Hedge Funds Could Collude To Take Down Governments
thought this might be interesting for you guys
http://www.businessinsider.com/jim-chanos-its-ludicrous-to-think-hedge-funds-could-collude-to-take-down-governments-2010-3
btw love the show keep’em coming
@ MK
If me Aunt was younger I woulda got ya ta interview
In College I sat wit ta Cheif Editor of Time magazine
Tat time I didnt know sh!t & tey were talkin about Geo world politics
I went and started watchin TV I was too young tat time now shes (ie Aunt) too Old
ROFL
Hic
@sav @all – you see what I mean? it’s hard to find that non-MSM vibrancy that you have in US and Iceland; all the guys being mentioned so far are the sort that require a satellite, wouldn’t do skype video or know what that is; and are going to be the sort that will have talking points
@stacy
here in australia all the smart young kids are working hard pulling good pay and establishing a debt built house portfolio in our great bubble that cannot pop.
maybe next year you’ll get some unemployed ones to talk to . kick a few euro their way, they’ll need it.
How about Niall Ferguson. He is young. Ok he’s not so young but, Ascent of money was very good so he could be a good guest…
I’m watching Our Leader at the Iraq Chilcot Enquiry live:
http://www.guardian.co.uk/politics/blog/2010/mar/05/gordon-brown-chilcot-inquiry-live
Whilst listening to a field recording of a long-haul flight on resonance:
http://resonancefm.com/listen
This has probably already been seen – but another Goldman clip…
http://www.youtube.com/watch?v=gdjVISS6NP0
@Stacey,
Hey Stacey, try David MacWilliams…he’s young enough I guess. He is on our side, he called the crises in 2004 onwards. You guys would love his work…..and he wants Ireland outta the Euro!
He does a lot of free talks so I bet he would come on the show!
http://www.davidmcwilliams.ie/
Under articles, he has his press releases, usually each Wednesday in the Irish Times, and on Sunday’s with the Sunday Business Post. I know you said before you read the Irish Times so you may be familiar with him.
Please try and get him on.
Joe
@ MK
Ron Paul does not do foreign press
Too bad he woulda been a real good guest
I know he is against 90 % of all US Foreign Policys But Foreign Press ???
I mean I dont think he understands tat Rest of ta world knows what USA is upto ,including an insignificant bloke living in India on bare minimum
lolololololololololol
Maybe he knows its pointless cause his House (Congress) is in a mess so I tink he feels he’s gotta werk even harder at settin up a decent shop (aka Congress again)
Hic
http://www.youtube.com/watch?v=qZ5kBADFyWI Looks like Ron Paul does do interviews with foreign press, but you have to catch him right outside congress in Washington?
Max: Ron Paul does not do foreign press
we have contacted his office repeatedly
Not true. I’ve seen him interviewed repeatedly on Russia Today, as well as Dennis Kucinich
I can’t believe that is what passes for intellectual debate in the US on a major news channel – the presenters act like children! No wonder the citizens of the US are kept in the dark.
@nobody
I like it here they just whisper fuck you better here it loud.
gosh, how you people in America watch news?? Shouting, shouting on and on.
“Janet Tavakoli looks like a ripe cherry ready to be plucked”
sorry guys that’s the kinda prose she arouses in me.
Ron Paul does not do foreign press
we have contacted his office repeatedly
@maxkeiser, The Dark Side, reconsidered.
http://www.youtube.com/watch?v=bAJe4XWWx1Q
@ MK & SH
Time ta bring Ron Paul now on ta show mates IMO
Hic
It was almost a gang beating situation, the honest voice drowned out by the ridicule of the vested interests – publically.
If you can’t debate it on merit? Bandwagon and shout it down. It’s a typical ploy from those who wish to address the ‘rumours’ publically, without being made to look like fools.
Australia is rife with this ‘predatory lending’ with deregulation of the Australian lending industry over the last 20 years.
Furthermore, the Australian government itself aided this situation by giving out financial stimulus to people who didn’t have a deposit in order to inflate the market further.
When the GFC hit, the Australian government not only blew our entire national surplus to protect the housing market, but also to protect the banks as well by ‘guaranteeing’ all deposits in Australian banks through that period.
You think your financial institutions are the major problem?
Try being in Australia, where we have the financial institutions, national housing association, media AND the GOVERNMENT itself in co-operation to keep the Ponzi alive!
In America, you’re dealing with the bailouts.
In Europe, they’re dealing with the speculators.
In AUSTRALIA, we’re cheering the Ponzi on with tax payer money to even HIGHER LEVELS!!!!!!
“You can’t cheat an honest man.”
Matt Taibbi: “You can’t cheat an honest man? What the fuck does that mean?”
http://trueslant.com/matttaibbi/2010/03/03/santelli-on-predatory-lending-you-cant-cheat-an-honest-man/#more-1384
Everything in a sort of Holding pattern right now, not going up or down.
Mike
every knows that kudlow works for the cia
hes been spewing his america first crap for years as his buddies bankrupt america
and rick is another kramer yelling because there point is wrong and stupid so they yell market must be heading down soon again
Whatever Happened to Finance Reform? http://tinyurl.com/y89cx6p
@all – by the way, regarding the ‘young guests’ we have had on our shows recently; are there any such guests in places like Ireland or Britain? Australia or NZ? Aren’t there ANY groups that organize there and can talk about politics and finance the way that American youth and Icelandic young adults seem to be able to do . . . ??
Hi, Max!
this is from russian supporter.
i have a question to you.
You read books of such economist as to Silvio Gezel? I recommend))) If yes will share your impressions. It is right?
Max,
I live in Ottawa, Canada. What’s the average person to do to prepare for the coming second leg of the financial crisis: cash in, cash out, buy this, or that, or just have a good party?
Pete
Peter
MK: buy gold
Max Keiser,
Thanks to Matt Taibbi’s blog I recently got turned on to your website and the Keiser Report.
I can’t say that it is reassuring knowing how we’ve been screwed, how screwed we actually are and how quickly the shit is likely to go down but your honesty and humor are appreciated.
And you are absolutely right, Stacy Herbert is too cute to be a financial terrorist.
Mike Mack
CNBC’s got sad streaming Video Technology
dummasses
hic
Hello.
I feel very encouraged by the fact that there are young people out there who understand what’s happening and who are speaking out – as evidenced by two of your recent guests Kevin Connor and David Degraw.
Sylvia Rogier
MK: Agreed. This is very important. The gerald celente’s are great, but it’s great to see young folks taking the baton!!!!!
gotta get janet back on !
vince is trying to pull me over the dark side
http://www.youtube.com/watch?v=kmC9tCoNDFQ
he’s in league with the specs.
he is an enemy of savers
These people shout even more than you Max.
Hi Max,
If your around London 19th March and would like to meet me, Jim Rogers and Marc Farber then let me know
Our views are not that dissimilar. Our paths have crossed before as I was a big introducer to Cantor Index when they first moved into spread betting on financial and sports around 2000/2001 and dealt with Lewis Findley and Lee Amaitis
Regards,Vince Stanzione
MK: And so it begins . . .
Vince is on the wrong side of the war of the savers vs. speculators.
And the Cantor connection is getting more visible. Cantor is also on the wrong side of the war and they misuse my tech. to foster the interests of the specs at the expense of the savers.
Morning.
Does the ‘smart’ money watch CNBC? Where DO they get those tv babes though? Even Goebbels didn’t use that technique.
Mind you….
Forget US Stocks—Buy Gold Every Month ‘Forever’: Faber
http://www.cnbc.com/id/35707348
******
Germany Wants Greece To Sell Off Its Islands In Return For Cash
http://www.businessinsider.com/germany-to-greece-cant-you-sell-us-some-of-your-islands-in-return-for-a-bailout-2010-3
…………………and my French Female Stacy?
Mike
we gotta get some of that footage for the next KR