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Monday
Oct152012

Max Keiser: Corrupt Banksters Rule The World!

From BBC The Daily Politics, Oct. 11.  Max Keiser on rigged markets, failed regulators, and the politicians who enable fraud and corruption.

 

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Reader Comments (1)

The idea the borrowers create the banks'
op is a red herring as to the greater problem.

The banks have a carte blanche to lose
trillions all on their own.

That's apart from creating bubbles for the
sake of insuring them and shorting them
(why just profit from adversity when you
can create it and then profit from it.)

When the economy is dominated by that
all you have is investing in adversity until
there's nothing but poor people and bankers
with funny money.

This is for their clients' accounts, but
it's forcing their clients to give the banks
an income stream in return for the banks
enabling those clients to act like
Ponzi artists.

http://www.bloomberg.com/news/2012-09-10/big-banks-hide-risk-transforming-collateral-for-traders.html

The greater problem is entrenched monopoly.

It's why you get nothing on your savings at the bank.
Oct 15, 2012 at 3:49 PM | Unregistered CommenterNarrator's FalseArgumentIdentifier

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