Keiser Report - Markets! Finance! Drunk Brokers! (E57)

Max Keiser and co-host, Stacy Herbert, look at the latest scandals of American newspapers that rebrand torture as 'waterboarding'; Timmy Geithner's unwitting junk bond buyers; and, bailed out American banks financing Mexican drug lords. In the second half of the show, Max talks to lawyer, Luc Saucier, about building a case of obscenity against the banks.

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[mthrnatrsson1]

max is the best.....

[ihatemexico]

America has been taken over by thugs.

Restore The Republic!

[itsanameisntit]

It will never work, the very first thing that the Supreme Court will do is repealed its law against obscenity and instead of any kind of protection, will end up seeing "2 girls 1 cup" on Fox Primetime.

[christophercredit]

How on earth were the American people mind f'd so badly, to get them to believe high housing costs are a 'good' thing?!...85% of the housing in San Francisco is rental housing; how high will that disparity grow? 90%? 95%? 99%? It's not far from those figures now. To top it off, the special interests (landlords, investors) have successfully all but completely decimated rent control allowing landlords to charge 'whatever the market will bear'. Hmm...what will you pay to keep a roof over your head?

[onedollarwill]

Maxwell Smart, Secret Spy!

[saintkatanalegacy]

@mengwise36 with wage control, it forces companies to hire less workers, hence less productivity and more unemployed. and since you've mentioned companies failing, did fanie mae and freddie mac die? did all those too-big-fails die? what happened to those who aren't big enough? they all died thanks to an over regulating government. and yes, GS isn't stupid enough because they have their own men running your economy's regulation, duh.

[mengwise36]

@saintkatanalegacy

What is this "normal" distribution? Without government regulation, a corporation will pay the lowest wage possible (saving for them but not for you), work you 24/7 if possible (saving for them but not for you), produce the cheapest product possible (saving for them but not for you).

And let's say a company fails. What happens to the capital? It goes to another person with capital.

Goldman Sachs is not doing something stupid. They are doing something very profitable.

[mengwise36]

@saintkatanalegacy

I know very well what capitalism is and anyone who thinks that monopoly is NOT the end game of capitalism obviously does not know what capitalism really is.

Capitalism was a step forward from serfdom where power is transferred by birth. Instead, people with money (capital) now holds the power. No one ever said it was fair and for you to think at some distant past capitalism was fair is laughable.

Without a government for the people, capitalism is serfdom.

[saintkatanalegacy]

@mengwise36 it IS the government that eliminates you from the competition thanks to a number of taxes, fees and regulations that shouldn't be even there. it just promotes spending, consumption and debt as opposed to capitalism that promotes saving and normal redistribution. also, too-big-to-fails won't bother betting against you if they didn't know that government is there to save their arse every time they do something stupid which would have been their end.

[saintkatanalegacy]

@mengwise36 but do you even know what capitalism is? Heck, there's barely any capital left for competition to even arise. Tell me then if you truly believe that America still has fair capitalism if "too-big-to-fail" companies really deserve bail outs when normally they would have to undergo the normal business cycle but they didn't. instead of redistributing capital, hence capitalism, you now have serfdom courtesy by an over regulating government. it's not even the companies that eliminate you.

[pretorious700]

Just think for a moment the depravity of minds that invent something like "waterboarding". I know it's been around in one form or another for centuries, but it's still some sick shit.

[mengwise36]

@saintkatanalegacy

There might be examples that some companies would merge to compete with bigger ones, with or without red tape. But that is not, has not and never will be the majority.

The nature of capitalism is companies fighting to establish monopoly by any means necessary, as illustrated by Railroad Tycoon. There is no government to pressure companies to merge. But to WIN in the game, as IRL, companies have to outgrow their competitors or by crushed.