In this edition of the Keiser Report, Max Keiser and co-host Stacy Herbert look at the scandals of Greece winning a loan; the exodus from Iceland while billionaire plunderers receive safe haven in London; and the dumping of US Treasury bonds as American consumers are about to get squished. In the second half of the show, Max talks to Birgitta Jonsdottir, a Member of Parliament in Iceland, about the Black Report into the country’s banking collapse.
Wall Street regulation is the hot topic today; President Barack Obama gave a speech to the finance industry encouraging them to join him in reforming Wall Street. Gerald Celente says that there is a huge problem with Obamas Financial Reform bill because the same people that got us into this economic mess are the ones advising Obama.
The eu’s on the verge of clamping down on ‘hedge funds’, which are believed to have been at the root of the global downturn. But the US is wary – it’s home to many of the secretive, high-wealth funds. Economic Trend Forecaster Gerald Celente says that, whatever Europe does, there will still be shady Wall Street deals.
A new report on Lehman Brothers says the bank was hiding billions of dollars in debt right before the financial crisis. Is this an indicator of widespread corruption in the United States financial sector? Is Wall Street getting away with even more shady practices?
According to recent revelations, Greece has been masking its vast debts. Just after adopting the euro in 2001, Athens secretely borrowed billions from Goldman Sachs but without declaring it as a loan. For more in-depth analysis, RT talks to author William Engdahl.
Private mints in the US are printing gold and silver coins. Congressman Ron Paul would like to see those coins in circulation. If businesses decide to accept these coins, would it mean the end of the dollar? Or just a big mess?
