Stacy Summary: In this episode, we look at the scandals of financial wiseguys that ‘know nothing,’ including famed ‘value investor,’ Warren Buffett who says he knows nothing about his investments and nothing about how ratings contributed to the housing bubble. In the second half of the show, Max interviews economist Michael Hudson about the Latvian economy and real liberal economics.
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Posted in Headlines
Tagged latvia, michael hudson, moody's, rating agencies, warren buffett
Stacy Summary: This may be yet another sinister plot by Fitch, but nevertheless, it is looking sleazier and sleazier by the day at Moody’s.
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Stacy Summary: So what did the heroic defender of Lloyd “Doing God’s Work” Blankfein know about Moody’s Wells notice when he was selling his shares? And what did he know when pushing the ‘pretty darn good’ business model of Moodys?
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Stacy Summary: We look at the scandals of repaying American taxpayers with their own cash. We also check out the headlines on Lloyd ‘I’m Too Mysterious’ Blankfein, Bernie ‘I’m Just a Market Maker’ Madoff and Warren ‘I Love My Goldman Investment’ Buffett. In the second half of the show, Max interviews investment adviser, Michael Krieger, about “America’s Disneyland and Neo-feudalistic, Gulag Casino Economy,” financial war between the US and China; and about which nation will be the first to back its currency with gold.
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Posted in Max Keiser Video
Tagged bernie madoff, goldman sachs, gulag casino, keiser report, michael krieger, neo-feudalism, warren buffett
Stacy Summary: I doubt RBS managers were dumb. I’m sure they knew exactly what they were doing when they participated in this allegedly fraudulent CDO.
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Stacy Summary: From Janet Tavakoli. Great piece.
On October 25, 2009, when BBC’s Evan Davis interviewed him, Buffett surprised me : Click here to view the eight minute video. It started out so well, but after six minutes the interview went sideways. [Not shown in this clip Buffett said his $5 billion investment in Goldman Sachs’ preferred stock (plus free warrants) last year was, in part, a bet on a US government bailout.1 He thought the U.S. taxpayer got a good deal, but we got a worse deal than Buffett negotiated, and as I explain here, I feel taxpayers got chump change.]
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Stacy Summary: Thanks to @maxkeiser for the Pilger link. The other headlines are just as awful for what they hold for the near future of our economies . . . especially for those in the age group here. Anyway, looks like a lot of ‘good’ headlines out there today, so post what you find and I will be posting more soon . . .
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Stacy Summary: Just finished recording next week’s summer special episode of On the Edge. Guest is Tyler Durden of ZeroHedge. Episode will be available next week. By the way, is it hot where you are? It’s sure warm here.
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Posted in Headlines
Tagged cash for clunkers, central bank gold sales, public property, warren buffett
Stacy Summary: Warren Buffett joins a long line of rich and powerful American men who have benefited from the bailout funds that were handed out after the same men threatened the taxpayer with apocalypse. Speaking of apocalypse, check out the stories on Iceland and on global currency wars . . .
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Rick Ackerman
Karl Denninger – Market Ticker The Big Picture Mish David Morgan King World News SmartKnowledge GoldCore Michael Krieger’s libertyblitzkrieg
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