maxkeiser.com

Rigged Market Capitalism: Goldman’s Derivatives and Monsanto’s Seeds

Max Keiser and Stacy Herbert — Mon, 15 Mar 2010 08:15:00 +0000

Stacy Summary: Two stories on Bloomberg today highlight perfectly our theory of Rigged Market Capitalism.

Goldman Sachs Demands Derivatives Collateral it Won’t Dish Out

Monsanto’s Seed Patents May Trump Anti-Trust Claims

[Sunday Video Club] Under the Bridge

Max Keiser and Stacy Herbert — Sun, 14 Mar 2010 13:51:04 +0000

Stacy Summary: For those looking for a reprieve from markets, finance, scandal, here is a video you might enjoy. I just heard the song on the radio in the cafe. This song came out when I was living in LA and it brings back powerful memories of a strange place.

[Sunday Video Club] Ratigan & Spitzer on Lehman Report

Max Keiser and Stacy Herbert — Sun, 14 Mar 2010 10:56:39 +0000

Stacy Summary: I know it’s been linked to already, but for those who missed it; here is Dylan Rattigan on the Repo 105 / Lehman story.

[1113] The Truth About Rigged Market Capitalism – 13 March 2010

Max Keiser and Stacy Herbert — Sat, 13 Mar 2010 19:10:25 +0000

Stacy Summary: Truth About Markets, London. We talk about so called free market capitalism in reality is rigged market capitalism; Hank Paulson and Dick Fuld, Lehmans and Barclays.

Download show here

For more download & listening options, visit Archive dot org

Questions Thread: Regarding the Banking Raj in Ireland

Max Keiser and Stacy Herbert — Sat, 13 Mar 2010 09:48:50 +0000

Stacy Summary: Re: the banking raj, I believe the banking occupation around the world operates in a very British Raj like system where the local big men (and women) are rewarded handsomely to keep down the local peasants. So, as per @Danny’s link, NAMA chairman receives 70% pay increase while the peasant workers are forced to eat austerity. For next Thursday’s Keiser Report, we will be interviewing David McWilliams so if you have any questions for him, please put them in comments below. If we use your question, we will use your screen name unless you note otherwise.

[Video] Max Keiser interviewed by Helen Skopis on Athens International Radio

Max Keiser and Stacy Herbert — Sat, 13 Mar 2010 09:35:11 +0000

Stacy Summary: Here is a youtube copy of the interview Max gave last week to Athens International Radio. Thanks to thornlessrose2009 for the upload

[OTE45] On the Edge with Max Keiser – 12 March 2010

Max Keiser and Stacy Herbert — Fri, 12 Mar 2010 21:48:59 +0000

Stacy Summary: Guest is Birgitta Jonsdottir!

Warzone Jibber Jabber

Max Keiser and Stacy Herbert — Fri, 12 Mar 2010 16:20:40 +0000

Stacy Summary: There’s a war on and Paul B Farrell has a new site with news from behind enemy lines.

On the Pages of Huffington Post, Max Keiser Warned Investors July 2008 About Lehman’s Peek-A-Boo Accounting

Max Keiser and Stacy Herbert — Fri, 12 Mar 2010 10:11:25 +0000

Stacy Summary: I wonder how much Valukas was paid to come up with the same information that Keiser provided to Huffington Post for free? First, here is Max’s article from July 2008:

JULY 9, 2008: Peek-a-boo accounting and the crash of Wall St financial stocks (Max Keiser / Huffington Post)

It’s peek-a-boo accounting where debts are removed from the balance sheet during the period when disclosure is needed (for quarterly earnings reports) and than the debt is temporarily parked back onto the company’s balance sheet, or parked on another bank’s balance sheet with an implied reciprocal agreement. (Enron had hundreds of shell companies that served as ‘debt parking lots’ to avoid having to include any liabilities on their quarterly earnings statement).

Lehman Brothers looks like they are trying to out-Enron Enron in the peek-a-boo accounting department.

And these are the findings on Lehman’s accounting ‘gimmicks’ in March 2010:

MARCH 12, 2010: Lehman bosses used accountancy gimmick to cover up debt (Times)

[Anton Valukas] was scathing, however, about the bank’s “inherently improper” use of an accounting practice known as Repo 105, designed to remove temporarily $50 billion of debt from its balance sheet, without telling investors or regulators.

Bogus Accounting, JPMorgan Chase & Citi blamed in Lehman Report

Max Keiser and Stacy Herbert — Fri, 12 Mar 2010 08:51:15 +0000

Stacy Summary: What!? Goldman Sachs wasn’t involved!?

JPMorgan & Citigroup helped trigger Lehman collapse, report argues

Lehman used accountancy gimmick to cover up debt (read the details carefully, it’s exactly as Max has warned for 6 years would be happening)

Denninger: EXPLOSIVE: Where are the cops?