Thursday, 15 August 2013

Keiser Report (E483): Wet Wipes for Incontinent Banksters

In this episode of the Keiser Report, Max Keiser and Stacy Herbert discuss the Fatberg of Fraud clogging up the global financial system and JPMorgan's role in depositing the wet wipes of financial products into that system. In the second half, Max talks to Rob Kirby of about Mark Carney and his merry band of bankers as the Lone Ranger box office disaster, they've all made their fees while the shareholders and stakeholders eat the losses. Kirby also predicts lower rates due to central bank intervention via Interest Rate Swaps and Forward Rate Agreements.

The financial products that are threatening world finance are the leveraged derivatives (which should be banned or regulated or else we should not bail out banks suffering losses in those shadow markets). Check out this informative episode. The Keiser Report is an essential and entertaining perspective on banking corruption.

[Posted at the SpookyWeather blog, August 15th, 2013.]

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