Max Keiser Report (2 April 2010)

[izquierdista]

Run time: 27:03 https://www.youtube.com/watch?v=hLzYKFtWfrM   Posted on YouTube: April 02, 2010 By YouTube Member: itsalargeworld Views on YouTube: 126   Posted on DU: April 03, 2010 By DU Member: izquierdista Views on DU: 748

 
Max has an interesting take on "too big to fail" toxic debt. He compares it to flag-of-convenience tankers that end up being owned by no one when they create an enormous spill.

[Newest Reality]

1. From an non-investor POV,

I find the Max's news items to be very interesting and extremely relevant. There is a lot to consider when you are connecting the dots.

Thanks for posting that.

[truedelphi]

2. I found the ideas that his guest Ryan Grim was expressing

To be so very so different from what we have recently been hearing on Maddow and on Olbermann.

I mean, Geithner told Maddow that he has never had a job at a bank, which is certainly stretching the reality. As a regulator (ie the head of the New York Fed) in this day and age, he was really and truly working for the banks, by helping them with all the warehousing of the toxic assets, right before the end of quarter reports came out.

And like Grimms says, no, there is not absolute proof that this was what happened, but but but if Max could figure out that that what was going on just by being a broker, you' d have to wonder at how inept Timmy Boy was if he didn't understand this.

So which is it, Timmy, are you inept or corrupt? Those are the only choices you have in front of you, to explain all the goings on while you just happened to be heading the Federal Reserve in NY.

[izquierdista]

3. "just being a broker"

It doesn't take much to "just be a broker"; all you have to do is pass the NASD test. To make a living as a broker, you have to learn how to sell to people, to get them to part with their hard-earned cash. Again, not very difficult, the world is full of salesmen who have learned a pitch. What Max has done is to actually observe what was happening around him on Wall Street and think about it. He has reflected and analyzed what it really means, how the whole system runs, and he has come up with very sound explanations for what is happening now. No wonder his viewpoint is radically different from the status quo.

[truedelphi]

5. Totally agree: You say:

What Max has done is to actually observe what was happening around him on Wall Street and think about it.

There is a strong possibility that for many of the non-thinkers on Wall Street, they HAD TO avoid thinking - otherwise what they learned in Sunday School would bite them in the butt. But of you avoid thinking about the reality around you, then there is far less chance that your conscience would be making annoying little gurgles in the back of your consciousness.

[truedelphi]

6. one more final comment just to (hopefully) keep

This noticed.

Wish more people would check it out.

[whyverne]

4. Netanyahu as Jackie Mason. Funny. n/t