Tag Archives: letter to the editor

Stacy Summary:  Max’s letter to the editor published in today’s FT.

From Mr Max Keiser.

Sir, Richard Lambert’s critique of Sir David Hare’s play The Power of Yes is shrill and unconvincing (“Why David Hare is wrong about business”, January 18).

In fact, contrary to what Mr Lambert argues, business is absurdly easy due to the ease companies have in accessing credit at rates – engineered by banks engaging in cross-border “carry trades” in the currency market – of virtually zero. Furthermore, when these businesses lose money with their virtually free cash they lobby their respective governments for bail-outs. Continue reading →