Mike Morgan: "Calpers Will Be Completely Wiped Out By Commercial Real Estate" (Max Keiser Video)

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'On The Edge' With Max Keiser and Mike Morgan of GoldmanSachs666.com.  Morgan is a real estate guru and housing and foreclosure consultant.  Their discussion includes a story about a shady CRE deal involving Nancy Pelosi's nephew, Calpers and Morgan Stanley.  Morgan sees pension devastation ahead for Calpers (and others), due to commercial real estate portfolios, balance-sheet bombs.

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Part 2.  A pension collapse awaits us.  Also some honest discussion of Paulson, TARP, Cuomo, JPMorgan and Obama.

This might be the best overall video of the three.  Max doesn't disappoint in his delivery of the truth.  Way too many topics to list.  The U.S. dollar-based post WWII phantasmagorical world of never having to pay your debts is coming to a close.

Comments

[DailyBail]

Goldman Superheroes Rescue Plan "Out of this World!" (Part I) Cartoon
http://www.monkeybusinessblog.com/goldman_superheroes/2008/09/superheroes-res.html

[DailyBail]

Max Keiser Archive: There is some phenomenal stuff in here if you are new to Max...much more animated and hilarious than the above videos were he is quite subdued, imo.
http://dailybail.com/display/Search?searchQuery=max+keiser&moduleId=4521698

[DailyBail]

Was Bernie Madoff's Rip-Off Only $13 Billion?
http://www.nytimes.com/2009/09/23/business/23madoff.html

[DailyBail]

Max Keiser On Criminal Banking Syndicates, Moral Hazard, The Gold Standard & Goldman Sachs
http://dailybail.com/home/max-keiser-on-criminal-banking-syndicates-moral-hazard-the-g.html

My #2 favorite Max clip.

[DailyBail]

Max Keiser: "Goldman Sachs Are Scum That's The Bottom Line" (Best Emotional Revenge Clip Of The Year)
http://dailybail.com/home/max-keiser-goldman-sachs-are-scum-thats-the-bottom-line-best.html

Favorite Keiser clip.

[DailyBail]

There Goes The Housing Rebound
http://www.realtor.org/press_room/news_releases/2009/09/ease_four

[DailyBail]

Goldman Sachs Helped Michael Moore Make His Anti-Capitalist Film
http://www.futureofcapitalism.com/2009/09/how-goldman-backed-moores-capitalism-movie

[DailyBail]

Nope, Investors Didn't Irrationally Panic After Lehman Collapsed
http://www.businessinsider.com/john-carney-nope-investors-didnt-panic-after-lehman-collapsed-2009-9

[DailyBail]

Goldman Desperate To Avoid PR Disaster Come Bonus Season
http://www.nypost.com/p/news/business/damage_control_wMcWJrGnm5enlZYGHnwULI

Here's An Idea...give the taxpayers back our $13 billion you got from AIG at 100 cents on the dollar!!!

[DailyBail]

You Really Shouldn't Care So Much About Flash Trading
http://fridayinvegas.blogspot.com/2009/09/you-really-shouldnt-care-so-much-about.html

[John Wayne]

Nancy Pelosi... Shit, where do you even start, this is only the beginning of us finding out about their relatives prospering from America's demise... This is going to be like when Margaret Thatcher's son was involved in the attempted coup in the congo to secure oil and diamond reserves... Funny how he is scott free and the others are spending the rest of their lives in prison...

[Concrete Repair]

Now Jay Rockefeller has a bill in his grasp that will become law to shut down the free speech on the internet any time he wants. Who made that asshole god? That freakin bastard should be tarred and feathered and thrown into a volcano before he should sit in the government. How could he get elected? Cheat. Where the fuck are the troops to protect us from the enemies from within? Commie braindead robot cowards!.

[Fascias warwickshire]

Absolutely true! To suggest high housing costs (prices) are a 'good' thing is utterly idiotic. High housing costs create high housing costs...duh; but remember that always translates to high rental housing costs---ALWAYS---F-ing dumb ass's! To suggest high housing costs are a 'good' thing, is absolutely no different from suggesting high food costs are a 'good' thing. WHY YOU ASK? Because both commodities fall under the "ESSENTIAL HUMAN NEEDS" category--Again, F-ing Dumb ass's! Fluoride heads!