Monkeys and Cocaine: HSBC Money Laundering
This is the excerpt. Runs 2 minutes.
Broadcast Dec. 13, 2012.
Full Keiser Report:
HSBC: Too Big To Jail
Dec. 13, 2012.
In this episode, Max Keiser and Stacy Herbert look at HSBC being fined rather than criminally charged in order to avoid destabilizing the system, while JP Morgan and others are being sued for about a trillion in bad mortgages. They also look at "1001" under which bankers who lied to the federal housing authorities could be criminally tried for lying to a federal official. In the second half of the show, Max talks to Kyra Maya Phillips of MisfitEconomy.com about democracy aboard pirate ships of the 18th century on which No Plunder, No Pay was the name of the game. Max proposes banksters walk the plank in a specially built platform in Trafalgar Square.