Stacy Summary: We examine the qualities of a banana republic and also look at the scandals of Lehman’s alter ego; Magnetar’s binary bets; and JP Morgan’s sacred contracts. In the second half of the show, Max talks to Business Insider’s Joe Weisenthal about the Magnetar Trade, record bank profits, CantorX and KFC’s double down. (Joe’s been on all over RT the last day; thanks to him for stepping in at last minute to rescue our satellite feed we had booked with ProPublica journalist!)
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1st
No metal charts?
1st
Max you could explain the financial system by beating mold to death with a rubber ducky, intelligent AND creative.
What was that flying behind Weisenthal left to right @ 14:42.
Ah well, this is the way the big bad world works.
Just wanted to say I listened to Max on Alex Jones show yesterday. I heeded what Max advised about not buying Coca Cola when Max was on that show a few months back. Even though Alex seemed negative on that idea, I personally appreciate it because it gives me a positive proaction I can take to hit CC.
I am one of those people that absolutely NEED every now and then a strong cola carbonated sugar / caffeiene drink, but I find I can supply that fix by buying store-brand cola drinks. Of course, it is ALL slop, but at least I can do something to take down Coca Cola. So hope you keep harping on that idea every time you are on one of the talk shows. Your reasons are solid and none of the show hosts seemed to be giving us serfs any real meaningful action to take.
Watched the famous video again of Max dissing Goldman Sachs. It is a true Classic. Suggest you always keep that one posted here front and center.
Can’t wait to watch these new videos of Max. I am sort of a fan of his because I find his style and delivery truly entertaining.
I am such a fan that I plan to name my next dachshund MaxKeiser.
Nicely spotted nama rama.
I wonder too
@namarama
yes, what was that??
@jeannon
you need to work hard at kicking the carbonated drinks habit, try fresh fruit instead, everytime you feel the need…or dried fruit…
Lehman Channeled Risks Through ‘Alter Ego’ Firm 12 April 2010, by Louise Story and Eric Dash (The New York Times) http://www.nytimes.com/2010/04/13/business/13lehman.html?pagewanted=1&hp
What was Lehman doing with Hudson Castle? 12 April 2010, by Felix Salmon (Reuters) http://blogs.reuters.com/felix-salmon/2010/04/13/what-was-lehman-doing-with-hudson-castle/
http://www.youtube.com/watch?v=MGIa_CH99CY
2nd wave of RE crisis
@Stacy:
The banana republic segment was very well done. Max was extremely funny.
Goldman hires lawyer who defended Clinton on meaning of “is” http://bit.ly/bBrJmA. He will now work on meaning of “select” & “material”
Looked Like a SeaGull to me aint tat the Hudson river behind ???
This Guy Joe Weisenthal knows his stuff
Sometimes I feel Max knows more than most of his guests
Maybe the years @ Wall street honed his analysis capabalities
Hic
@Bonn:
At least Joe brushed his hair this time.
@Stacy,
The banana republic section kinda explains exactly why Africa is soo screwed socially and politically.
Well, looks like they’re a vision of the future rather than a relic of the past.
Big thanks to France for the state of Africa
The other volcano:
http://2.bp.blogspot.com/_wkgIzuqJM0w/S8w0w5DQKHI/AAAAAAAAD0s/n6RuAie2Me8/s1600/Mount+Goldman+copy.jpg
@Wahrheit that’s a really great diagram!
@DanValley:
http://www.total.co.za/os/OsSouthAfrica.nsf/VS_OPM/17D90142479B2C20C1256F330055D21C?OpenDocument
http://www.thefreelibrary.com/European+investment+in+Southern+Africa:+the+private+sector+view-a018130288
“The French oil multinational Elf-Aquitaine’s representative in South Africa, Mr Alain Terrenoire created even more sensation when he said that “the non deregulation of the oil industry represents a legal obstacle to free trade agreement between Europe and South Africa”. Mr Terrenoire complained that Shell, Caltex, BP, Engen, Total and a subsidiary of Exxon have on “oligopolistic” control on the South African market. As a result, no other would-be investors such as Elf or the Italian group AGIP can penetrate the market. It is even impossible for a new foreign operator to purchase petroleum products in South Africa in order to market them in neighbouring SADC countries. Mr Terrenoire says he understands South African officials’ concern that deregulation might have adverse consequence on employment, but he countered this by saying that a liberalised market would also mean job creation at new petrol stations.”
Members of presidency of the Paneuropean Union
President:
Alain Terrenoire, Paris (France)
http://www.paneuropa.org/gb_int/praesidium.html
Free trade from the atlantic to the pacific across the eurasian belt.
“Total is opening its archives to research, containing almost 60,000 files concerning all Group activities (exploration, operation, and refining and distribution, in particular). The funds originally came from the former Compagnie française des pétroles which became Total, and they were enriched by the mergers with Elf Aquitaine and PetroFina companies. Those funds are identified and structured, and are the object of inventories, thus making extremely rich sources available to researchers concerning the French oil industry and its presence throughout the world. Total embraces it position as a privileged observer of history, focused on more than just preserving it collective internal memory, without glossing over the failures and misfortunes of the past.”
http://www.total.com/en/about-total/total-saga/group-history-940553.html
privileged observer?
Let the hollywood hype meta-games begin!
‘Iron Man 2′ Buzz Heats Up Over Rumors Gwenyth Paltrow Gets Punched In Face
http://www.youtube.com/watch?v=Nfrf63DVGws
I really hope that the shit hits the fan in Hollywood. We should all rejoice that Hollywood will be ruined for good. Personnally I rarely go to the cinema or watch what’s made in Hollywood. Let’s say 1% is worth something in the heap of manure produced each year. And I am generous with this 1%. It’s probably closer to 0,50 %.
@Max n Stacy:
Great show! The slinky illustration is excellent and great line up of articles/events.
Am I losing my memory or was there ever a Front Page link at the top of the page? Have to scroll all the way down to get to it.
Also I love it that people put #1 at the beginning of the comments because it saves me scrolling all the way down to the bottom to see if I have reached the first page when I have done that for every page before as I work my way backwards. Don’t want to ask for more Stacy as you do so much for us but if there is an easy little switch to add page numbers to comments it would help a lot in navigation.
Thank you both and for the excellent reruns. Very timely to remind people that Max has been sayin’! Maybe just maybe people will listen for what’s next. But probably the memory that will come back in the moment of the crash will be duck n cover!
Oh and the banana great too. Looks like Max enjoyed. May as well..
the convention is to click on the main logo to get to ‘front page’
fuck the canadian dollar is way up.
good show.
Lets face it we wanna see a smack down edition with this guy
http://www.youtube.com/watch?v=k2IwOemnjbI
It al lends itself to endless jokes, until we are wrapped in some civil or world war. Rather than treating it like a bad tennis match I would like to see swat teams raiding the big ten banks and wikileaks publishing what happens in the dark pools or pictures of empty bullion vaults.
Justice works differently in different places, in London you can weigh every sentence, in the US you can settle (pay off) and in other places you get your ass set on fire. Dutch justice would study the case and then probably conclude fraud was perpetrated resulting in severe fines for those that are supposed to set an example of excellence..Whatever is done, It should be done asap. I’m done humouring murderers.
Is it me or is the market jittery? Gold price seems to be jumping up and down. Had to rush out an buy some gold yesterday. I’ve got only enough cash now to deal with my immediate expenses. I had this sinking feeling in my stomach over the weekend. The volcano and the Goldman Sachs news got me spooked.
Canadian dollar up. Oil companies fighting over the South African market. Anything to do with gold by any chance?
gold price perspective
1 year chart USD/oz
http://goldprice.org/charts/history/gold_1_year_o_usd.png
Obama gets heckled with “Yes We Can…”
http://www.cnn.com/video/#/video/politics/2010/04/20/sot.obama.gets.heckled.cnn?iref=allsearch
Obama Now Pushing Sneaky Wall Street Bailout http://www.humanevents.com/article.php?id=36596
@ Ingrid
architecture is a little ‘cold’
Vancouver – a.k.a. Hongcouver – is still being driven by Hong Kong money
things are really not that bad in the GTA
= (real estate) media hype
Getting Brits to vote (PS most people in this vid are well known political figures)
http://www.youtube.com/watch?v=q7OGUAQSYQ4&feature=player_embedded
Does anyone remember the Monica cupboard from the TV sitcom Friends? Seems like the central bankers and governments all have their Monica balance sheets.
Whenever I see Bernanke talk, he always seem on the verge of tears.
great show! thanks. 420
ok now it is 4:20 everywhere or 16:20 right?
up on the hill, see ya.
5400ft above sea level.
i still wish Barbasol Ben would learn how to shave
or is that too complicated for him?
Go, Max, with your organic banana!
This was a great show. Got to say that Joe grossed me out with his double down story, though!! I agree with @frances . . . the banana republic half of the show was very well done. Way to work and synthesize those headlines, Stacy!
@ Daniel – Bernacke is a step up from Hank Paulson, though . . . in the sense that when Paulson spoke, he looked like he was gonna crap his pants, start crying, AND he always looked guilty as hell.
@ Mep
Stuttering Hank Paulson at his finest …
http://truthingold.blogspot.com/2010/01/stuttering-hank-paulson-at-his-finest.html
If Bernake ever figured out he was wrong he’d try to eat his brain by picking his nose..
@Mep:
Well, we knew Stacy was the better half of the team. erhum.
A most chilling report circulating in the Kremlin today prepared by the Russian Academy of Medical and Technical Science for Prime Minister Putin states that a “mysterious die-off” in the United States has claimed over 2,000,000 lives since 2008 and is “more than likely” linked to a “crossover” plant disease linked to genetically modified grains and foods.
http://www.eutimes.net/2010/04/russia-reports-over-2-million-dead-in-us-as-mysterious-die-off-accelerates/
Don’t be so mean to Paulson, apparently the financial crisis took an emotional toll on him. Poor man…
http://www.youtube.com/watch?v=Jm4Zf33MG6A
Back in Colorado…
http://www.steamboatpilot.com/news/2010/apr/19/local-marijuana-strain-takes-top-honors-cannabis-c/
Colorado is the Amsterdam of the US. There are medical-marijuana shops everywhere. (I guess this State has a lot of sick people! LOL!) Anyway I see more states taken this on because it can provide beaucoup tax dollars.
Anyone now anything about small scale gold refining? I figure I’ll be able to get myself a cut if I offer that a service when paper eventually fails.
Max,
I like your slinky analogy, but when you used it to demonstrate 50x leverage you didn’t stretch it out nearly enough. You should have stood on the desk to make the stretch accurate and to make your point.
Also, Stacy already knows about this stuff, so it looks odd for you to be “teaching” her on air. It makes sense for to address your audience in cases like this.
As an astronomer, I am offended that an astronomical phenomenon MAGNETARS has been appropriated by hedge funds. They should have to pay $1 billion for every photon emitted by a magnetar!
Pardon; now = know; as a service
Typos
tired
http://www.foxnews.com/world/2010/04/20/uns-massive-haiti-budget-goes-staff/
Hate Fox News, but found this link on Drudge Report-I wonder what percentage Haitians are receiving from the BushSr./Clinton fund?
@Daniel
Its pretty easy..You get the right acid and an eletrolytic cell and you are in business..You can melt gold in a microwave if you insulate it with stone. Don’t forget to stuff them with tungsten..
http://i659.photobucket.com/albums/uu317/panamaorange/GOLDMAN11K.jpg
IMF regulation proposal..Strictly confedental plan..
http://news.bbc.co.uk/2/shared/bsp/hi/pdfs/2010_04_20_imf_g20_interim_report.pdf
Here’s the new theme song for the Keiser Report
http://www.youtube.com/watch?v=WniTTvVBZO4
Magnetar — Chicago toxic debt hedge fund — steered campaign funds into Rahm Emanuel’s coffers.
http://www.scoop.co.nz/stories/HL1004/S00139.htm
UK Financial Services Authority opens probe of Goldman Sachs. Goldman is UK government’s financial adviser.
http://www.nytimes.com/2010/04/21/business/global/21regulator.html?hp
re: Max & Stacy penetrate the American market
(= 300 million English-speaking people):
Get back to the USA
Born in the U.S.A.
bruce springsteen
http://www.dailymotion.com/video/x234k2_bruce-springsteen-born-in-the-usa-v_music
IMf bank tax. bbc
http://news.bbc.co.uk/1/hi/business/8633455.stm
“Advocates for reform have countered with ads of their own, but Democrats are deeply in hock to Wall Street, too. Remember the hedge fund Magnetar that bet against its own products? The owners covered their bets with ample campaign contributions to Rahm Emanuel. Yep, the same – President Obama’s White House chief of staff. At the time he was an Illinois congressman and chair of the Democratic Congressional Campaign Committee, which collected millions of dollars from the financial services industry.” (Danny’s link)…
…Emanuel wants to be mayor of Chicago:
http://content.usatoday.com/communities/theoval/post/2010/04/obama-aide-emanuel-id-like-to-be-mayor-of-chicago/1
Which is worse, Clinton or Bush in Florida poly-ticks?
http://voices.washingtonpost.com/thefix/senate/can-kendrick-meek-win-the-flor.html
http://www.telegraph.co.uk/finance/economics/7611787/Sovereign-debt-tops-IMF-worries.html
O’rly
Those four characteristics of a banana republic apply to the majority of countries in the world, don’t they?
Dow 11,117.06!
The world must be rejoicing in all this abundance.
Tavakoli on CNBC with Katie
She is so clear. linked on Ticker site
http://market-ticker.denninger.net/archives/2221-On-The-Goldman-Complaint-Janet-Tavakoli.html
Looks like ProPublica has issues with more that Max and Stacy perhaps?
http://www.nakedcapitalism.com/2010/04/magnetar-goldman-press-flurry-still-misses-the-biggest-point-of-all.html
‘nana republic story: just learned via Dylan Ratigan that Citigroup recently had a shareholders meeting in which shareholders voted on the issue of transparency for derivatives . . . the video clip is not available yet online, but the Treasury/US government took the opportunity to use their shareholder status to cast a NO VOTE on the behalf of the American public! So much for being promoters of transparency, tough derivatives reform, etc.
Yes we have no banana’s. Very good, also banking/state karma sutra. I’m glad to see you made the distinction between clever and fraud with yer guest. What sort of savage eats a bacon and chicken burger, yuck.
@Mep:
Here’s a link:
http://www.prnewswire.com/news-releases/religious-shareholders-see-big-boost-for-derivatives-disclosure-in-proxy-resolution-vote-at-citigroup-but-criticize-us-for-failing-to-fully-vote-its-shares-in-support-91615234.html
My take is that the US Treasury represents IMF shares (who else?) and they are the ones set to monopolize and regulate the other shareholders out of business. Monetary authorities and all.
This is a joke. G20 is not subject to regulatory action according to their own dictates.
Do you have the Ratigan clip link?
Europe sent back to the middle ages by Iceland—–UK and Holland to add bill to Icesave—lol
screw the US treasury and the IMF—they both going down sooner than people may think
http://news.bbc.co.uk/1/hi/business/8633455.stm
Hmmmm
Mike
If, instead of Bernanke, Greenspan, Emanuel, Summers, Rubin, Blankfein, Dimon, Greenburg, and Litowitz, it was a bunch of Italians and a few of their cohorts, would it then be called a mafia and prosecuted under RICO??????????????? We can’t do that because of Hitler?????
WTF!!!!!!!!!!!!!!!!!!!!?
i see Snoot as usual has made too many comments.
tom petty
I Won’t Back Down
http://www.youtube.com/watch?v=nvlTJrNJ5lA
Runnin’ Down A Dream
http://www.youtube.com/watch?v=L8Sy2RAvQTU&feature=PlayList&p=51325637B9904C5A&playnext_from=PL&playnext=1&index=5
Davey Jones
Welcome to the real world
While we’re at it.
meltdown, anyone?
http://www.youtube.com/watch?v=MgAfsUdQc_A
…
@ frances – Here it is. It’s the second story in the “Busted” segment.
Check it: http://www.youtube.com/watch?v=LlS6Uy4-Re8
Goldman done bad who cares, who dies that’s what matters.
Canadian Health and Care Mall – Most Popular Products
http://www.healthservicesstore.net/
hello,
Phil…
Are you there?..
.
come in!over…
@Frances,…I was listening to this guy (John Taylor Gatto) ,.thought you might find it interesting ! : )
http://www.youtube.com/watch?v=11g9Tnmvo3Q&feature=player_embedded#!
@stacyherbert:
How about, Instead of a coment reply..
A solution option as well…
Too much pontification on this site normaly….
eric clapton
layla – HD 720p full screen
http://www.youtube.com/watch?v=Raw_y_GGptM&hd=1
http://www.bluesradio.co.uk/
@nama rama
The time for solutions is long gone
Violence on a epic scale is what follows from such episodes
Your best bet is to try to avoid the worst of it or prepare mentally for a large amount of PAIN.
@nama rama
The time for solutions is long gone
Violence on a epic scale is what follows from such episodes
Your best bet is to try to avoid the worst of it or prepare mentally for a large amount of PAIN
rory gallagher
Walk On Hot Coals
http://www.dailymotion.com/video/x540xi_rory-gallagher-walk-on-hot-coals-og_music
@Dork of Cork
I agree…we’re in for it. It’s just a matter of time.
UK Elections…more and more people think Liberals might win! Curiously, the last time they were in power there were no commercial airlines in the sky either!
Just found a truly disgraceful comment from our local MP The great Glenda Jackson admitting that the Labour Party “cosied up to the City to win votes!” Unbelievable. She’s been the MP for Hampstead for 18 years..time to go, girl!
http://www.youtube.com/watch?v=IqhEl9FqxYM&feature=related
Prof. Bill Black was BRILLIANT today at the Lehman Bros Hearings…
I think he’s trying to get back in as the SUPER-COP of Finance…
Max n’Stacy, you need to get him back on the show while he’s hot property to discuss this…
(he comes on during the 2nd half with that walking abortion DICK Fuld…)
http://www.cspan.org/Watch/Media/2010/04/20/HP/R/32013/SEC+We+are+looking+into+lehmans+accounting+practices.aspx
Coming to a U.S. flagpole soon:
http://theearthagenda.org/images/banana_republic.jpg
ramones
i don’t wanna grow up
http://www.youtube.com/watch?v=ztGLKJxpg2I
Speaking of Icelandic Volcanoes
Here it is… the most butchered name in Ass-Munching Turd-Toker HISTORY
Eyjafjallajokull (sorry.. I don’t know how to put the umlaut over the O)
And you thought FINNISH was a tough language? HA!!!
http://www.huffingtonpost.com/2010/04/20/the-ultimate-iceland-volc_n_545010.html?ref=twitter
SEC getting busy.
BHP Billiton corruption with Govt officials.
I hope they don’t overstretch themselves.
http://www.smh.com.au/business/bhp-uncovers-possible-corruption-20100421-ssde.html
FortuneMagazine: Dear Goldman. It doesn’t have to be illegal to be wrong http://bit.ly/dn4DeT
WSJ: Goldman Sachs is in danger of losing business with the U.K. and Germany amid a political backlash http://on.wsj.com/9eP7fa
Was there a rocket between 14:38 and 14:41 or is there an airport?
GS asked by UBS if there are other outstanding Wells Notices. Didn’t answer. Just said would disclose if material.
Jim Rickards: Goldman Sachs May Go The Way Of Drexel…
KWN: Jim Rickards on Goldman Sachs
kingworldnews.com/…/KWN…/20_KWN__Jim_Rickards_on_Goldman_Sachs.html
Yuan too many posts, ronron?
“WASHINGTON (MNI) – The acting chairman of the House Ways and Means Committee Rep. Sander Levin said Monday that Treasury Secretary Tim Geithner has told him the administration wants to press for reform of China’s currency through a multilateral process.
In a speech at the National Press Club, Levin said that in a recent meeting with Geithner, the Treasury secretary said he wants to work through the G-20 to encourage China to reform its currency.
“He made clear that was how they were going to go,” Levin said, referring to Geithner.”
http://imarketnews.com/node/12040
multilateral exchange system:
http://www.un-ngls.org/spip.php?page=article_s&id_article=670
For all of you Hollywood exchange buffs : “The Beginning” is a making of documentary about the making of Star Wars Episode 1 The Phantom Menace.
This is a great foray into the world of Lucas but more so Rick McCallum the films producer.
Here we see grinding of the budget by shooting oversees, classic offshoring going on under everyone’s noses.
Then it gets real good when we see how a big studio operates on box office returns. On opening night they are counting beans into all hours of the night like a presidential election.
They can from a sampling around the country predict down to the dollar how much money will roll in from the return of opening night. And then predict the overall box office return of North America.
Now if you knew the theaters they were sampling and you could get a few well placed Chechen’s in there, you could do some real shorting.
Happy 420! I smoke a ton of marijuana and you should too!
George Harrison, Got My Mind Set On You
http://www.youtube.com/watch?v=-_niy2ZM5Jo
@ Davey Jones
Happy 420, what ever it means.
I was just up at Redwood Park in Humboldt shooting some video.
I must report a small turnout due to rain, well that might be the spin like last year’s Christmas shopping and the winter home sales numbers.
Looked more like the times they are a changing.
Less tie dye, more skull hoodies.
Austerity has hit the hippies, now that’s cutting to the bone.
“The analogy would be a broker who arranged for fire insurance to be sold to an arsonist by misrepresenting the arsonist as a member of the fire brigade – and then sold him matches and a can of petrol.”
Goldman Sachs Fraud Metaphors: Which Ones Are The Best? (POLL) http://www.huffingtonpost.com/2010/04/20/goldman-sachs-fraud-metap_n_544917.html
what interests me in what the world is going through now. It looks like the finanacial system is a total lie now. But the big boys are propping it up to keep folks from thinking too much.
But what most understand is the financial system is gonna go down the tubes very soon. The question is what are the big boy elitest doing to survive the collapse and then be able to come back and rule yet again.
Or do the elitest know something natural is gonna happen so they have to keep everyone in lala land till it happens. As they prepare to survive it. Which oddly seems the case with all the military movements and underground bases being built.
@Davey Jones
Ya gotta to move to Colorado to celebrate 420 in style…
http://www.youtube.com/watch?v=aOVkbhVDcDs&feature=related
Goldman Sachs Alexander Dibelius, sparked more controversy in January by saying “BANKS DO NOT HAVE AN OBLIGATION TO PROMOTE THE PUBLIC GOOD.”
A Backlash in Europe Has Politicians Calling for a Goldman Ban 21 April 2010 (The Wall Street Journal) http://tinyurl.com/yyngkq8
“Dad, I am considering a Career in Organized Crime.” http://the-legacy.info/pix/Career-Choice.JPG
@ Ya’ll
I haven’t heard of the Bohemian society until yesterday on Alex Jone’s. Can someone give me a link or explain who they are? When I tried to research it, it was beyond weird.
SHORT BOND…..James Bond.
http://www.smh.com.au/entertainment/movies/james-bond-film-suspended-amid-mgm-woes-20100421-ss68.html
Good Night, Ya’ll
http://www.youtube.com/watch?v=WRNYqsMIbg0
What did I tell ya! Gold would immediately rebounce as a sign of market manipulation. And it did (partly) to 1142. http://www.goldprice.org/spot-gold.html
Oops, forgot to include the lyrics:
I see a clinic full of cynics
Who want to twist the people’s wrist
They’re watching every move we make
We’re all included on the list
The lunatics have taken over the asylum
The lunatics have taken over the asylum
No nuclear the cowboy told us
And who am I to disagree
‘Cos when the madman flips the switch
The nuclear will go for me
The lunatics have taken over the asylum
The lunatics have taken over the asylum
I’ve seen the faces of starvation
But I just can not see the points
‘Cos there’s so much food here today
That no one wants to take away
The lunatics have taken over the asylum
The lunatics have taken over the asylum
The lunatics have taken over the asylum
Take away my right to choose
The lunatics have taken over the asylum
Take away my point of view
The lunatics have taken over the asylum
The lunatics have taken over the asylum
Take away my dignity
Take these things away from me
The lunatics have taken over the asylum
The lunatics have taken over the asylum
Take away my family
Take away the right to speak
The lunatics have taken over the asylum
Take away my point of view
Take away my right to choose
Goldman Sachs vs. SEC: All You Need To Know (Latest UPDATES) http://www.huffingtonpost.com/2010/04/19/goldman-sachs-vs-sec-all_n_542736.html
@Ingrid
nighty night ….
DARK SECRETS: INSIDE BOHEMIAN GROVE http://video.google.com/videoplay?docid=-82095917705734983#
@Ingrid
I thought Pink Floyd were all about the Lunatics are on the grass
Speaking of which,
Frank Zappa had a GREAT song called
Dickie’s such an asshole
and I must say, it should be re-written and updated for DICK Fuld…
because he has got to be the BIGGEST asshole I have ever had the displeasure of seeing on CSpan… bigger than Dick Cheney, even…
that muddafunka is GOING DOWN!!!!
PREDICTION:
Dick Fuld will commit suicide by Xmas 2010… or at least it will look that way…
Bohemian Grove Exposed! http://www.jesus-is-savior.com/False%20Religions/Wicca%20&%20Witchcraft/bohemian_grove_exposed.htm
Bush 41 dons Bohemian Grove hat during interview about VP race http://www.conspiracyarchive.com/Blog/wp-content/uploads/2008/10/bohobush.jpg
1 and 1 is Eleven
2 and 2 is Twenty-two
Won’t somebody kindly tell me
What Lehman Bros was tryin ta doooo
Oh Dickie’s not too damn tricky
for a chump like me to UUUuuuuuuuuusssssse
You take that sub-committee seriously boy
You could get a seizure from the CSPAN news
Billions ‘n Billions of dollars…
Much as he might need…
He could open up a chain of CDO’s, people
On the highway, yes indeed!
Magnetar desperation!
Just might be some confinement loaf all up under your bed
If you just might pinch a little loaf in your slumber
The SEC gonna get your number
The SEC
Gonna get your number
The SEC
Gonna get your number
Tryin’ not to worry
Tryin’ not to care
But you know, I get delighted
When that REPO 105 goes over there
Can’t have no private conversation
Nowhere
In the USA
Can’t wait ’til the rest of the people all over the the world
Find out their BANKSTERS
Is just the same ol’ way
Every day…
The MURDER-BOARD stepped right up,
‘n kissed him on the lips good-bye
Made him a cocksucker by proxy, yes they did,
An’ he didn’t even bat an eye!
The DICK in the LEHMAN house — oooh!
He’s got a conscience black as sin!
There’s just one thing I wanna know –
How’d that asshole ever manage to get in?
(ladies and gentlemen, sing along now)
DICKIE’S SUCH AN ASS-HOLE
OOOOoooohhhh – OOoooooooooh
(Perversion of Zappa’s Dickie’s such an asshole Phase I )
@Youri Carma
TRUE. Then in that case the taxpayer should say to Goldman Sachs next time, FUCK YOU GS. DIE ! Sink or swim for ALL you fuckin banksters. So banks have no obligation to promote the public good. Consequently the public has NO BUSINESS helping fuckers like Goldman Sachs. Naturally this godamn piece of shit from GS would not really hear that or see such a policy enacted. These guys should be put in prison. Never mind a criminal court. You arrest them now under the “Patriot Act” and “Enemy Belligerent Act” and you asked where the have hidden their bonuses. In french we say retard with the word “débile”. Sounds a lot like Dibelius. What a consumate arrogant piece of ultra scum. He should shut the fuck up. As worst as his boss.
Goldman Sachs Alexander Dibelius, sparked more controversy in January by saying “BANKS DO NOT HAVE AN OBLIGATION TO PROMOTE THE PUBLIC GOOD.”
@Youri Carma
TRUE. Then in that case the taxpayer should say to Goldman Sachs next time, F Y GS. May your company fdie next time! Never again ANY bailout. Sink or swim for ALL you banksters. So banks have no obligation to promote the public good ?
Consequently the public and the taxpayer slaves have NO BUSINESS helping speculators, bums and fraudsters and criminals like Goldman Sachs. The criminal arrogance of these people is just revolting !
What was the bailout money GS received again ? 20 billion ? 30 billion ? 40 billion ? And that from a bunch of gangsters front running, breaching their fiduciary duties, betting against their clients, committing massive insider fraud, each day and stealing 100 million per day to investors for the last 20 years !
When Max said that bankers get paid on the debt, does that mean that the individual banker gets a bonus for creating the loan (debt) or does that mean the bank makes money on the interest/fees…or both??
Alter ego banks – reminds me of that Star Trek episode where the transporter malfunctions and Captain Kirk comes back as two people – the good Kirk and the bad Kirk.
Memorable phrases: Consumer Chattel and Banana Republic with no Bananas.
Great Show!
What the Federal Reserve bank does not realize is that it’s success will ultimately lead to it’s downfall. The federal reserve system is designed to take rent from the productive part of society. Over time this leads to extraordinary wealth for the chosen few who have access to the discount window and for those bankers who are capable of paying off political leaders.
And that is the stage we are at now: the government and goldman sachs seem to have merged. As the inequality grows in America, anger rises. Over the course of years this anger may reach a point where the government will not be able to control it. Social unrest, possible insurrection. And all of this will be brought about by the success of the Federal Reserve. The more successful the federal reserve is, the more likely it will completely fail.
Lenin’s quote may be proven correct: “The surest way to overthrow an existing social order is to debauch the currency.”
Will America find a way to break up the oligarchy and end the Fed or will the world witness the end of the American century?
@Marc Authier
Well it is true.
At this point I am wondering if there will be some real concequences for Goldman Sachs or that it merely will be a show trial, a slap on the wrist in a giant white wash?
We’ll have to wait and see.
Rep. Darrell Issa, the top Republican on the House Oversight committee, is demanding a slew of documents from the Securities and Exchange Commission, asserting that the timing of civil charges against Goldman Sachs raises “serious questions about the commission’s independence and impartiality.” http://www.politico.com/news/stories/0410/36097.html
GOP Stuffs Shoe In Mouth: Issa http://market-ticker.org/archives/2223-GOP-Stuffs-Shoe-In-Mouth-Issa.html
Bill Black Calls It As It Is by Karl Denninger http://market-ticker.org/archives/2222-Bill-Black-Calls-It-As-It-Is.html
Quelle surprise ! Greek financial needs for short terms funds doubles overnight from 40 billion euros to 80 billion euros.
http://prudentinvestor.blogspot.com/2010/04/greek-aid-needs-almost-double-overnight.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+ThePrudentInvestor+%28The+Prudent+Investor%29
That’s what you can call a real nasty surprise ! A modern greek tragedy.
A most chilling report circulating in the Kremlin today prepared by the Russian Academy of Medical and Technical Science for Prime Minister Putin states that a “mysterious die-off” in the United States has claimed over 2,000,000 lives since 2008 and is “more than likely” linked to a “crossover” plant disease linked to genetically modified grains and foods.
http://www.eutimes.net/2010/04/russia-reports-over-2-million-dead-in-us-as-mysterious-die-off-accelerates/
Banks are making more money arranging customized equity derivatives for clients in Europe than from managing initial public offerings http://www.bloomberg.com/apps/news?pid=20601109&sid=afCYtrTSpIic
Greek aid in doubt as German professors prepare court challenge http://www.telegraph.co.uk/finance/financetopics/financialcrisis/7591027/Greek-aid-in-doubt-as-German-professors-prepare-court-challenge.html
The warning comes as fresh details emerge on the scale of the bail-out. Germany’s Handelsbatt cited sources in Berlin warning that the bill may be three times as high as thought, pushing the EU share to €90bn (£79bn) – with an extra €15bn from the IMF.
Now we know the truth. The financial meltdown wasn’t a mistake – it was a con
http://www.guardian.co.uk/business/2010/apr/18/goldman-sachs-regulators-civil-charges
Something Max and Stacey have been saying for…years?
A Backlash in Europe Has Politicians Calling for a Goldman Ban
http://online.wsj.com/article/SB10001424052748703763904575196230749352148.html?mod=rss_whats_news_us
Jim Rickards says:
Goldman have been defending things they haven’t been accused of.
A sure sign of a bad defence.
The fact that they lost money on the deal is legally irrelevant.
http://www.kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2010/4/20_KWN__Jim_Rickards_on_Goldman_Sachs.html
Looks like there have been other parties sick of Goldman’s power and it just needs the ball to start rolling by the SEC for more of these parties to chip in with some evidence.
People love to jump on a bandwagon, they just love it.
Banning Goldman Sachs. Not enough.
I find it all very repulsive..shaking a harmless banana like that..
this weeks silver target $19.50
current price 17.90
Mike
Jim Sinclair has said he expect Gold/silver to start a rapid climb very soon. He said he been told “something” that will make the price jump.
Mike
@Mr Unemployed
I love the new theme song, but what language is that? Dutch??
Re: Banana Republic Without Bananas
Even Gilligan’s Island had bananas!!
@Sylvia Rogier
Norwegian
http://www.youtube.com/watch#v=rElILhp22iU
Here is a slow motion of the UFO from 14:37
Yeah!! bananas for everybody!! but…. don’t forget them apples!!
http://www.youtube.com/watch?v=MbphT1zCyjE