Stacy Summary: How many dead whistleblowers have been found in the past two years? It must be a couple dozen by now. It’s shopping rampage season, however, and, of course, the sheeple pepper spraying each other will all agree with what Fox News indoctrinates them . . . ‘indeed, it is class warfare’ to investigate any ‘wealth creator’ for this.
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THE TIME TO ACT WAS IN NOVEMBER OF 2008
my bit comes in at :35
ANOTHER APPEARANCE ON AL JAZ IN 2008
MORE
I hold up the FRAUD sign at 1:52 – Where was Stiglitz back then?
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Max,this was excerpted from a long interview, and Mr. Klein got the gist correct.
“This is the Biggest Fraud in the History of the Capital Markets”
Washington Post (blog) – October 8, 2010
Interview by Ezra Klein
UPDATE: Karl Denninger: “The Nothingburger Defense Gets Destroyed”
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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.”
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Stacy Summary: Fraud is the system.
“When I first took office, I can’t tell you how many times I’d be having a sit-down and warning about potential fraud in the program and I would hear a response basically saying, ‘Oh, they’re bankers, and they wouldn’t put their reputations at risk by committing fraud,’” he said.
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Stacy Summary: Where are Bob and Bono? Oh yeah, Bono’s private equity fund probably has a stake in one of these schemes.
Underwriters — banks or securities firms that guarantee the purchase of debt issuers’ bonds — have an interest in keeping prices low, and yields high, because it means higher returns for them and the first investors, Langbein said.
Many Build America bonds traded at higher prices immediately after agencies sold them, a sign that taxpayers lost, he said.
“They’re suffering from Stockholm syndrome,” he said, referring to the psychological phenomenon in which hostages begin to identify with and grow sympathetic to their captors. “They are being held hostage by their investment bank.”
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Stacy Summary: Bankers defrauding both taxpayers and China. What’s new?
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Stacy Summary: Max Keiser’s ‘guillotine economics,’ his banking fraud theories goes mainstream and his “pitchfork finance” gets presidential!
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Posted in Headlines
Tagged aig, financial crisis, financial oligarchs, fraud, gm, guillotine economics, obama administration, wagoner
The Truth about Markets, Resonance 104.4 FM London, Saturday 04 April 2009.
(Find this show forever HERE at archive dot org)
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Posted in Max Keiser Audio
Tagged 104.4 FM, bankers, fraud, g20, max keiser, resonancefm, stacy herbert, truth about markets
Max’s latest piece on Huffingtonpost.
Obama met with banking industry ‘titans,’ as the Washington Post calls them.
Instead of handcuffing them and bringing them up on charges of fraud and racketeering, however, Obama asked the bankers politely to try to restrain themselves from spending their ill-gotten gains so conspicuously (isn’t that what the ring leader always tells the others after a heist in the movies)?
** Read the rest here (and leave some comments there at HuffPo!)**
And for an entertaining reminder of how clearly we laid out the unfolding events, make sure to check out “Whitey is doing a runner” from 2005.
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Posted in Max Keiser Blog
Tagged banking heist, fraud, goldman sachs, huffingtonpost, jp morgan, max keiser, maxkeiser.com, racketeering, rico, stained carpets
Rick Ackerman
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