Entries Tagged as 'negative equity'

Hank’s inflated reserves, China’s fake data, America’s underwater mortgages & Murdoch’s unfree online news

August 6th, 2009 44 Comments

Stacy Summary:    It seems perception of health is being pushed harder and harder everywhere, while most people in reality are sinking deeper and deeper underwater.  By the way, Max is going to be on France24′s Face Off again today.  Last time, we had the “Goldman Sachs are scum” viral hit.  Lord knows what this one [...]

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Max Keiser Mini-Blog: The British pound is doomed

April 15th, 2009 10 Comments

The British Pound is doomed.  Three years ago, while doing our ResonanceFM 104.4 show, “The Truth About Markets,” Stacy and I commented on news that Bradford & Bingley was offering customers 120% mortgages. At the time we pointed out that this was guaranteed to bankrupt B&B and the entire banking sector if they were allowed [...]

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Headlines, Headlines, Headlines – 14 April 2009 [Updated]

April 14th, 2009 23 Comments

Stacy Summary: Another day, another headline outlining the devastating consequences of monopoly and monoculture. First the ‘too big to fail’ banks wiped out the financial system, now the identikit towns across the UK (and US no doubt) are threatening the spread of ‘ghost towns.’ Retail monopolies warn of UK ‘ghost towns’ if they don’t receive [...]

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