OK, 3rd World America. Headlines: Paul C. Roberts on "the REAL LIBOR scandal" and "Bond Market Armageddon!"
#TPD #Agenda21 #2ndAmendmentRights #FreeYourMind #BiggerPicture
Great interviewed with Dr. Paul C. Roberts @ Capital Account, his got great articles on his website @ http://www.paulcraigroberts.org/ . And don’t forget to bookmark/favorite his site as well.
News article: The Real Libor Scandal ~Paul Craig Roberts and Nomi Prins
Today we survey the Wall Street hijinks. From potential big bank criminal wrongdoing in the Libor scandal reported by the Justice Department, to regulators answering for the money laundering probe at HSBC, to a former Citigroup banker accused of misleading clients in a CDO deal. Does this continue because of the lack of senior executive level convictions for financial crimes? We hear from Charles Ferguson, director of Inside Job and author of Predator Nation who wrote about that on the Huffington Post today. After all of the work he's done, he tells us the price he's paid personally for shining the light Wall Street's underbelly.
And returning to the issue of LIBOR, and the scandal there, the current picture painted is one that shows banks benefiting from borrowing at low rates through interest rate manipulation. But our guest, former assistant Treasury secretary, Paul Craig Roberts, argues that this is too simplistic and that it functions as a diversion from the deeper, darker scandal.
The dirty little secret (well, not so secret if you can do basic math) is that banks have been living off borrowed time since the onset of the 2008 financial crisis. They have assets on their books that they refuse to mark to market, and are dependent on cheap financing and easy liquidity to keep their insolvency from officially bankrupting their institutions. This is what characterizes a zombie bank, and zombie banks no longer speak only Japanese. This is a western phenomenon now, with the zombie virus having crossed the pacific, and then again the Atlantic.
Paul Craig Roberts, Economist and Former Assistant Secretary of the US Treasury under Reagan, will discuss what he calls "the real Libor scandal," and tell us what we may all be missing from this latest hullaballoo.
Paul C. Roberts on "the REAL LIBOR scandal" and "Bond Market Armageddon!"
#TPD #Agenda21 #2ndAmendmentRights #FreeYourMind #BiggerPicture
Great interviewed with Dr. Paul C. Roberts @ Capital Account, his got great articles on his website @ http://www.paulcraigroberts.org/ . And don’t forget to bookmark/favorite his site as well.
News article: The Real Libor Scandal ~Paul Craig Roberts and Nomi Prins
Today we survey the Wall Street hijinks. From potential big bank criminal wrongdoing in the Libor scandal reported by the Justice Department, to regulators answering for the money laundering probe at HSBC, to a former Citigroup banker accused of misleading clients in a CDO deal. Does this continue because of the lack of senior executive level convictions for financial crimes? We hear from Charles Ferguson, director of Inside Job and author of Predator Nation who wrote about that on the Huffington Post today. After all of the work he's done, he tells us the price he's paid personally for shining the light Wall Street's underbelly.
And returning to the issue of LIBOR, and the scandal there, the current picture painted is one that shows banks benefiting from borrowing at low rates through interest rate manipulation. But our guest, former assistant Treasury secretary, Paul Craig Roberts, argues that this is too simplistic and that it functions as a diversion from the deeper, darker scandal.
The dirty little secret (well, not so secret if you can do basic math) is that banks have been living off borrowed time since the onset of the 2008 financial crisis. They have assets on their books that they refuse to mark to market, and are dependent on cheap financing and easy liquidity to keep their insolvency from officially bankrupting their institutions. This is what characterizes a zombie bank, and zombie banks no longer speak only Japanese. This is a western phenomenon now, with the zombie virus having crossed the pacific, and then again the Atlantic.
Paul Craig Roberts, Economist and Former Assistant Secretary of the US Treasury under Reagan, will discuss what he calls "the real Libor scandal," and tell us what we may all be missing from this latest hullaballoo.
Paul C. Roberts on "the REAL LIBOR scandal" and "Bond Market Armageddon!"
Videos from Nomi Prins below: She explains the Glass-Steagall Act that was repealed during Clinton’s Administration. More on these links: http://ow.ly/cloaB and http://ow.ly/clo9p
Her website is http://www.nomiprins.com/. Please bookmark/favorite it as well.
Max Keiser interviews Nomi Prins, former managing director of GoldMan Sachs and now author. They tackle numerous financial issues including whether Obama has any ability make changes to the banking system, how the banksters are using bailout money on Risk and if they fail bail themselves out with public money. Also an interesting exchange about Geithner and his dangerous role to American population.
Max Keiser - Former Managing Director Goldman Sachs says 'Geithner Dangerous to American!
Her website is http://www.nomiprins.com/. Please bookmark/favorite it as well.
Max Keiser interviews Nomi Prins, former managing director of GoldMan Sachs and now author. They tackle numerous financial issues including whether Obama has any ability make changes to the banking system, how the banksters are using bailout money on Risk and if they fail bail themselves out with public money. Also an interesting exchange about Geithner and his dangerous role to American population.
Max Keiser - Former Managing Director Goldman Sachs says 'Geithner Dangerous to American!
Saint Francis College, October 24, 2009. Union for Radical Political Economics ECONOMIC CRISIS: Radical Analysis and Radical Responses Conference. Nomi Prins is the author of the bestselling book about the banking crisis called, It Takes A Pillage.
Nomi Prins - Why the Banks Should Be Made Much Smaller!
Nomi Prins - Why the Banks Should Be Made Much Smaller!
3rd World Peeps of A 3 cents “Where TRUTH Matters because WE are all Human Beings.”
Scrutinize the candidates BEFORE/AFTER Election. Why? It’s because WE are a Human Being! IT’S PAYBACK TIME!!! #Puppeteers and the GREAT #Puppets
UPDATES: Please remember that out of 535 elected officials in Congress, there’s only MAYBE ONE or TWO that’s been serving for the best interest of the majority of the people!!! And it seems that pretty soon it would all be 535 elected official needed to be VOTED OUT!!! How PITIFUL is that? IT’S PAYBACK TIME!!!
That is… up to us, WE THE PEOPLE! #UnchainedUs
If WE really want the REAL CHANGE besides electing the PRESIDENT that’s OF/FOR/BY the People! #YouAreTheRevolution
Peace, Truth & Freedom #ResistanceDuty
KCPy
Scrutinize the candidates BEFORE/AFTER Election. Why? It’s because WE are a Human Being! IT’S PAYBACK TIME!!! #Puppeteers and the GREAT #Puppets
UPDATES: Please remember that out of 535 elected officials in Congress, there’s only MAYBE ONE or TWO that’s been serving for the best interest of the majority of the people!!! And it seems that pretty soon it would all be 535 elected official needed to be VOTED OUT!!! How PITIFUL is that? IT’S PAYBACK TIME!!!
That is… up to us, WE THE PEOPLE! #UnchainedUs
If WE really want the REAL CHANGE besides electing the PRESIDENT that’s OF/FOR/BY the People! #YouAreTheRevolution
Peace, Truth & Freedom #ResistanceDuty
KCPy
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