Max Keiser & Matt Taibbi on Bankster Amnesia Over Financial Fraud

In the latest Keiser Report, Max discusses how Hollywood accounting has turned the global financial system into one in which money and wealth melt like so much congealed snow.  Max states Scarlett Johansson’s thigh has destroyed the global economy. And so from Pontiac, Michigan to the Australian outback, zero percent interest rates and jobs that never materialize are the new normal. In the second half, Max Keiser talks to Matt Taibbi of Rolling Stone magazine about banksters who can’t recall a single thing about their crimes, including everything from Libor rigging to defrauding monoline insurers and Bank of America CEO, Brian Moynihan who can’t recall buying Countrywide.

 

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Comments

  1. Welcome to the Wild West of securities regulation, Canada, and YET the OSC cites Ernst & Young.
     
    http://www.thestar.com/business/article/1296809–osc-accuses-ernst-young-of-failure-to-perform-sufficient-audit-on-sino-forest
     
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  2. Speaking of banker fraud.  Just was just released in the last hour.
    http://dealbook.nytimes.com/2012/12/10/hsbc-said-to-near-1-9-billion-settlement-over-money-laundering/
    http://www.bloomberg.com/news/2012-12-10/hsbc-said-to-pay-at-least-1-9-billion-in-u-s-probe.html
    This could be a monster of a story. 
    HSBC (HSBA) Holdings Plc will pay at least $1.9 billion in a deferred prosecution agreement that settles U.S. probes of money laundering tied to Europe’s largest bank, a person familiar with the matter said, making it the largest such accord ever.
    The Senate committee said that failures in HSBC’s money-laundering controls allowed terrorists and drug cartels access to the U.S. financial system.

    • At least these terrorists and drug cartels are using the US dollar which gives more power to it because there will be more demands for the American currency. The Senate committee should be happy about this. 

  3. Hollywood is also a piece of crap corporation that spreads propaganda by creating movies, shows, etc. That’s why I keep my guards on whenever I watch a movie, a show, etc. to avoid getting brainwashed but thank goodness that I received my vaccine against propaganda which is by reading news on SilverDoctors.

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