Max Keiser: Presidential Futures are like "Running Man on Steroids"

US congress today approved an extension of the payroll tax cut for two months...putting off a tax increase for millions of workers. So, after much partisan politicking, they did it -- saving face for the moment, but could it hurt their stock price headed into the 2012 elections? You heard me right. We'll talk about the political derivatives market a Chicago exchange is betting on. Would it be a continuation of a climate on wall street that encourages special treatment that our guest, financial journalist and inventor of the virtual specialist technology, Max Keiser, calls "the special olympics for financial fraud." And speaking of derivatives, those bets added fuel to the fire that engulfed the financial markets in 2008...most famously seen in the explosion and bailout of AGI (backdoor bailout of the big banks like goldman sachs, jp morgan, bank of america, etc.). More recently, MF Global customer money used to trade on these exchanges went missing. So where do futures exchanges come from and where have they gone wrong?

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• Lauren Lyster
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• Max Keiser
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[YouBeMadlol]

A big FUCK YOU to the banker that will dislike this in advanced

[Maleblade]

Max,finance a film where the world is destroyed when the President is "distracted"

and his pet chimp wanders into the room and presses the Red Button.

[xxCrazySmooth]

@YouBeMadlol Zero dislikes lol

[Indiadam]

This is like the special Olympics for financial fraud. ~Max Keiser

[psxwarrior]

WOW!!! You and Gerald Selente are both DA MAN!!!

[psxwarrior]

@alexeireyes Of course not! That would be honest. These people don't have an honest bone in their bodies.

[sociomike]

serfdom..........every culture goes through it. 

[alexeireyes]

Gadzooks! I'll review the facts pertaining to JP Morgan ordering MF Global to use segregated accounts. Accusations like these undermine trust which is at the core of finance. It might be better to just trade in financial centers like Singapore where rules are rules and there are no sacred cows... so far at least. Two questions though before I end: (1) Who's going to compensate the innocent account holders? (2) Will the compensation be commensurate to the opportunity cost of losing their money?

[Maleblade]

@drsugarcane

You mean the President is Jewish too,

or just the overseer?

I am not up on all this stuff,please fill me in.