Sunday, 26 February 2012

Keiser Report (E253): Burning Bankers Pays

In this episode, Max Keiser and co-host, Stacy Herbert, discuss Lloyd Blankfein's suicide twinkie vest, Iceland's parliamentary pelting, manipulation of Libor rates and rampant foreclosure abuse. In the second half of the show, Max talks to Shir Hever about price tagging in Area C of the West Bank and about destroying the competition in Gaza.



[Posted at the SpookyWeather blog, February 26th, 2012.]

2 comments:

steven andresen said...

spook,

Isn't Max and Stacy talking here about "control fraud"? Black talks about this kind of fraud where the people who own or control the banks or the fonancial institutions themselves commit the fraud. He wrote "The best way to rob a bank is to own one." And so the manipulation of interest rates in the way Max describes is just another version of "control fraud."

I am tending to think that, in this way, the crooks are in charge. It's a bipartisan deal, too.

Is there anyone else discussing this material than Max and Stacy? Stacy quotes news stories. Are there other writers on this issue that can confirm Stacy and Max's analysis?

Spookypunkos said...

S,

Some websites like Zerohedge and numerous blogs hosted by various financial experts (often appearing on The Keiser Report) are on the same page as Max and Stacy. The Keiser Report seems to be the most vocal when it comes to addressing the criminal nature of what is going on.

You also see rare snippets of this kind of information in the mainstream press (as far as I am aware) in their business shows. I am thining about Dylan Ratigan, Judge Napolitano and Olbermann etc.

There seems to be an underground awareness of what is going on - at least for the net savvy.

Those people who only read from the mainstream press seem to have a disjointed idea about how the system is really operating. They know things are not good, that "greed" has led to "misjudgements" and "some" criminality, but they miss the scale of the problem including the criminal aspect.

Apologists for the shadow banking system, and those accepting cooked economic stats as credible, plus accepting the crooked civil cases brought against banksters abound in the mainstream.

Unfortunatly, to repeatedly expose this information would "undermine confidence in the markets" so many financial journalists, writing in the corporate (listed on the stockmarket) press tend, I think, to chose their words (spin) carefully.

The good thing is that some of the mountain of online material has pushed through the present mainstream zietgeist.

Personally, I cannot help but emphasise what is going on with these posts. As I see it there is a real danger of collapse and there is the ongoing victimisation of ordinary folks. That bothers me greatly.

Spook