Thursday, December 18th, 2008
Max Keiser on Bernie Madoff and ponzi schemes
Max had time to fit in this interview about Bernie Madoff while we were recording.
Max had time to fit in this interview about Bernie Madoff while we were recording.
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Max and Stacy talk about the ongoing financial meltdown, GD2, the latest, newest improved Great Depression 2; confiscated savings accounts; ZIRP; slashing interest rates.
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Max and Stacy talk about the Fed bailout package now hitting $7 trillion. Citigroup’s $306 billion weekend bailout. UK government debt soars to most since WW2. Iceland revolution.
Links:
The Fed’s $7 trillion pledge
Citigroup’s weekend bailout
UK government debt soars to most since WW2
The people of Iceland rise up against the bankers
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Max and Stacy ask whether the Somali pirates are disgruntled CDO investors looking for payback? We talk about Dr. Kurt Reichbacher; Citigroup’s financial woes and Prince Alwaleed; 350,000 bankers getting the sack and perhaps sending them to Iceland for a reality tv show set in the blue lagoon; the S&P 500 has worst [...]
Protests erupt in Iceland over the nation’s financial collapse.
The protesters were out in Reykjavik, just outside parliament, because the nation is virtually bankrupt.
The currency has crashed, and a third of all Icelanders seem to have lost their savings to the global credit freeze, which exposed Iceland’s banks as wildly overextended. Those banks accumulated debts [...]
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We talk about the election, empty shelves in the US, have suppliers abandoned their bad customer? We speak to “Paul Gaugin,” mystery banker about inflation/deflation. And, finally, credit card bond sales drop to zero, scrap steel buyers cancel contracts and being an American.
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Spotted this on Big Picture.
Listen
Find this show forever at Archive.org
Listen
Find this show forever here at Archive dot org
Listen
Find this show forever here at Archive dot org