April 2010 Archives - Max Keiser

Resonance 104.4 FM Fundraising Birthday Marathon

Posted on April 30, 2010 by stacyherbert| 47 Comments

Stacy Summary: I know that our TAM listeners have been especially generous this year with donations to Resonance. But for those who haven’t had a chance to donate or who want to donate more, this weekend is ResonanceFM’s 8th birthday and they are holding a fundraising marathon this weekend. Aside from just donating though, there is an auction where you can bid on all sorts of Resonance like experiences, you can also bid on the one and only poster in existence for our ParisLive Radio show, Le Fric Show. Remember that from 2005? Anyway, it is item A8. (I will post image as soon as I scan it)!

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Posted in Headlines

Tagged fundraiser, poster, resonance

Drill, Baby, Drill, Dead in the Water as Obama Puts Hold on all New Offshore Projects

Posted on April 30, 2010 by stacyherbert| 58 Comments

Stacy Summary: Oops. Drill, baby, drill, dead in water. Four weeks ago, Obama reversed campaign promise and approved offshore drilling, today he is putting all projects on hold. Update: Morgan Stanley pays $14 million to settle accusations of hiding complex oil trades. There is that word ‘complex’ again and yet again (as per the banana republicanization trend) a select group of oligarchs get to ‘settle’ claims without having to admit guilt or face any real consequence.

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Tagged drill, obama, offshore oil

More Signs of Great Depression: Unwanted Homes or Unwanted Deflation?

Posted on April 30, 2010 by stacyherbert| 91 Comments

Stacy Summary: h/t @NicAbbo77. This is, of course, the exact same policy that happened during the 1930′s when the US government plowed under fields of crops in order to try to prevent deflation in crop prices.

Ireland to demolish ‘unwanted’ homes

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Tagged demolish homes, ireland

Last Dance in the Land of Fraudonomics & Show Trials

Posted on April 30, 2010 by stacyherbert| 48 Comments

Stacy Summary: We are interviewing the author of the first piece, Michael Krieger, for next Thursday’s Keiser Report. Re: the second article, Fraudonomics, it reminds me of what Max has said several times, “without fraud there would be no US economy.”

Michael Krieger – This is the Last Dance

Fraudonomics

Barofsky Threatens Criminal Trials in AIG Coverup (Warning: please don’t hold your breath)

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Tagged criminal trials, fraud, us economy

[KR38] Keiser Report – Markets! Finance! Scandal! – & Max Fraad Wolff

Posted on April 29, 2010 by stacyherbert| 146 Comments

Stacy Summary: In this episode, we look at the scandals of bailout buffets for Too Big to Fail banks; selling complexity to very profitable unsophisticated investors; the IMF is ‘there to help Greece’ . . . in a Dr. Kervorkian kind of way. In the second half of the show, Max interviews economist Max Fraad Wolff about US government debt.

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Posted in Max Keiser Video

Tagged greece, keiser report, max fraad wolff, max keiser, stacy herbert

Broadband Access in US is Even Worse Than You Think

Posted on April 29, 2010 by stacyherbert| 62 Comments

Stacy Summary: I really wish the global media would stop referring to the US as ‘free market capitalist;’ as you can see it has nothing of the sort. It is rigged market capitalism with abusive monopolies in most key sectors of the economy from health care to banking to telecommunications, a few giants extract huge profits for really shoddy service.

Broadband access in the United States is worse than you think

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Tagged broadband, united states

‘Ratings surveillance’ fees and the UK rating ‘mystery’

Posted on April 29, 2010 by stacyherbert| 47 Comments

Stacy Summary: Apparently, it’s a mystery as to why the UK has not been downgraded.

Rating agencies raking it in on ‘ratings surveillance” fees on CDOs in default

Warning for Britain as financial chaos spreads to Spain

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Tagged cdo, moody's, rating agencies, s & p, surveillance fees, UK

Fannie Mae & Cantor Own Patent on Residential Cap & Trade Exchange

Posted on April 28, 2010 by stacyherbert| 149 Comments

Stacy Summary: Just sent this article by Robert F. Here is info on the patent referred to in the article. Thoughts????

Fannie Mae Owns Patent on Residential Cap & Trade Exchange

. . . passage of the legislation would create an artificial, government-mandated, trillion-dollar carbon trading market that would drive up the price of energy, indirectly making housing more expensive. Continue reading →

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Tagged cantor, cap & trade, fannie mae

Controlled Demolition! Now S & P Downgrades Spain!

Posted on April 28, 2010 by stacyherbert| 39 Comments

Stacy Summary: Standard and Poor’s is on all out assault mode against European sovereign debt this week. Floor by floor by floor. It’s just downgraded Spain. No doubt the turmoil following on these downgrades is conveniently distracting from their central role in the CDO frauds that are presently being investigated inside the US . . . Gold soars, euro tumbles on Spain downgrade

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Tagged downgrade, s&p, spain

Handcuffs for Timmy? If So, Can A Presidential Pardon Be Far Behind?

Posted on April 28, 2010 by stacyherbert| 38 Comments

Stacy Summary: The blogosphere is abuzz with hope that Barofsky intends to perp walk Timmy out of the Treasury building. No doubt, as with all banana republics, a presidential pardon would prevent any justice from actually being served.

Barofsky Likely to Seek Criminal or Civil Charges Against New York Fed (Zerohedge)

TARP Watchdog Says Criminal Charges May Be on the Table for NY Fed for AIG Coverup (Business Insider)

Geithner May Be CRIMINALLY Charged? (Karl Denninger)

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Tagged aig, barofsky, charges, civil, criminal, ny fed, tim geithner

Goldman Sachs, Market Makers and Max Keiser

Posted on April 28, 2010 by stacyherbert| 26 Comments

Stacy Summary: RT’s coverage of what I like to call Goldman Sachs show trial/hearing in Congress. Stay tuned for Max Keiser at 3.10!

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Tagged fabrice tourre, goldman sachs, show trial

Political Futures – Gordon Brown’s Open Mic Gaffe, Calls Labour Voter ‘Bigoted’

Posted on April 28, 2010 by stacyherbert| 43 Comments

Stacy Summary: Doh! Even if she is a bigot, the voter is always right when you’re a slimy politician hoping to hang on to power. Watch the video here. According to Krishnan Guru-Murthy, the woman had said, “all these Eastern Europeans what are coming in – where are they flocking from?”

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Posted in Headlines

Tagged political futures

The Unfolding Greece Thread

Posted on April 28, 2010 by stacyherbert| 85 Comments

Stacy Summary: Here is a thread for events as they unfold and perhaps spread today. The Dow plunged yesterday on the Greece downgrade and the Nikkei followed this morning and now the jitters are spreading across European markets. Everyone is now worrying about Portugal, and we know where ‘worrying’ usually leads. The IMF is in Germany today to try to convince politicians to back the Greek bailout. Here is blog on a panel yesterday about Greece. Oh, and Greece has also banned all short selling on their stock exchange until June 28.

Read Max Keiser’s interview in Pro Thema.

UPDATE 0900 GMT: Yikes! Yield on 2 year Greek bond has hit 38% this morning! Up from 1.3 percent last November.

UPDATE 0907 GMT: Darling – Quick Eurozone bailout of Greece is ‘essential’

UPDATE 0932 GMT: Portugal stocks pounded; Bank shares in Spain & Portugal tumble

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Posted in Headlines, Jibber Jabber

Tagged greece

Max Keiser interviewed in Proto Thema: The IMF is a Financial Mafia

Posted on April 28, 2010 by stacyherbert| 40 Comments

Stacy Summary: Translation via Helen Skopis of the recent interview with Max Keiser in Proto Thema newspaper in Athens.

Article in Proto Thema online – April 23, 2010 By Vassili Daliani
“The IMF is a financial mafia”

At a time when Greece is being dragged through the mud by the international press, Max Keiser, one of the most radical and outspoken financial analysts, stands by our side and talks openly about a “financial mafia” and “financial terrorists” that drove this country to its destruction. Continue reading →

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Tagged greece, imf, max keiser, proto thema