Reggie Middleton on MF Global and the Goldman Sachs Vampire Squid (12/01/11)

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Uploaded by on Dec 1, 2011

To watch more visit us @ http://www.youtube.com/CapitalAccount
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Barack Obama may seem calm when he talks about the eurozone crisis, but behind the scenes the financial times reports there is morbid fear about a meltdown in europe, and vice president Biden is heading to greece amidst austerity marches as part of the administration's attempts to quell the panic. But how does what happens in europe affect the Americans at home? It may boild down to the banks. With the housing market back to 2003 price levels, the US banking sector cannot afford more asset write downs from european debt. It is being hit on the one side by a slumping US economy and housing market, and on the other by Europe's debt problems. So how have these banks put us all in this position, and why haven't regulators done anything to fix the problem? Well, a senate hearing on MF Global's failure and collapse is looking into one of these regulators...the Commodities Futures Trading Commission (CFTC). We speak to independent analyst and entrepreneurial investor Reggie Middleton, of Boombustblog.com, to get his take on all of this,
and on why he thinks Goldman Sachs -- the "vampire squid" of Matt Taibbi's famous Rolling Stone Article -- may be the one of the most leveraged and dangerous banks on the chopping block after MF Global.

We also cover some of the lighter stories of the day, including a new baby tax that a london restaurant has started charging customers. It is a 3 pound baby tax which costs a little under five dollars. McDain's restaurant in Monroeville, PA, has taken this a step further already and banned all children under the age of 6 entirely. We also provide viewers with a list of the top 10 most shoplifted items in the US according to a recent study.

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  • We cant mention names because we will get sued by the criminals. We dont mention names. Especially hedgefunders, they will come after us and sue us. Reggie is a smooth cat though. Good to see some brothers gettin on there.

  • @ganador3 yes, a few weeks back it was revealed she is single, has outrageously high standards, and gets lonely .

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All Comments (59)

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  • Voice timbre not voice nimble

  • Totally off topic but Reggie sex appeal is distracting. That voice nimble.. and good looking..

    either way it should be interesting to see what comes from the financial destruction happening in europe and the fallback to america..... *back on topic lol*

  • High population = peak everything.

  • @bullshit3118 But just by saying this anybody can use Google, wonderful, because so many reporters are not afraid to use the name of the Auditors because there is concern of conflict of interest of course, it is PricewaterhouseCoopers and it will never go to trial their all Banksters and way to big too fail. As was said by William Black during the Savings and Loan scandal there were 1,000 FBI agents working full time and they worked for 2 years and found guilty hundreds of elites.

  • I am not a fan of the "Word of the Day" segment. It is disruptive to the interview and dumbed down. This one was particularly weak. While we're at it, quit trotting out the producers in each episode, just ask the damn question. Ok, that's all. Happy New Year.

  • Reggie is a Don.

  • the credits to introduce this show looks tacky and cheap. Corzine won't ever see the inside of a jail cell.

  • mmmmm Lauren

  • Lauren's "bodies washed up on the beach" was a great metaphor

  • @wacabby got a link for her mentioning she is single and lovely?

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