Bankrupt Banks
Economist Steve Keen; bankrupt banks, nationalise financial systemMay 16, 2012
Should government pay off our debts? Economist Steve Keen says we are already in another Great Depression. He advocates bankrupting the banks, nationalising the financial system and paying off people's debt Economist Steve Keen is one of the few economists to have predicted the global financial crisis and now he says we are already in a Great Depression. He says the way to escape it is to bankrupt the banks, nationalise the financial system and pay off people's debt. He admits what he is advocating is radical but says it is time governments gave money to debtors to pay down debt instead of to creditors such as banks who have held onto it. BBC World, Hardtalk 2011-11-24, 0530 Find out who is coming up on the programme by following us on Twitter.
Pt. 1 America's Bankrupt Banks (Inside the Meltdown)May 16, 2012
On Thursday, Sept. 18, 2008, the astonished leadership of the US Congress was told in a private session by the chairman of the Federal Reserve that the American economy was in grave danger of a complete meltdown within a matter of days. "There was literally a pause in that room where the oxygen left," says Sen. Christopher Dodd (D-Conn.). As the housing bubble burst and trillions of dollars' worth of toxic mortgages began to go bad in 2007, fear spread through the massive firms that form the heart of Wall Street. By the spring of 2008, burdened by billions of dollars of bad mortgages, the investment bank Bear Stearns was the subject of rumors that it would soon fail. "Rumors are such that they can just plain put you out of business," Bear Stearns' former CEO Alan "Ace" Greenberg tells FRONTLINE. The company's stock had dropped from $171 to $57 a share, and it was hours from declaring bankruptcy. Federal Reserve Chairman Ben Bernanke acted. "It was clear that this had to be contained. There was no doubt in his mind," says Bernanke's colleague, economist Mark Gertler. Bernanke, a former economics professor from Princeton, specialized in studying the Great Depression. "He more than anybody else appreciated what would happen if it got out of control," Gertler explains. To stabilize the markets, Bernanke engineered a shotgun marriage between Bear Sterns and the commercial bank JPMorgan, with a promise that the federal government would use $30 billion to cover Bear Stearns ...
Economist Yanis Varoufakis: "Greek banks already bankrupt"May 16, 2012
As European leaders try to curb a debt crisis and save Greece, rumors abound about a Greek bank run. Esteemed economist Yanis Varoufakis, professor at University of Athens, says Greek banks are already bankrupt and he has genuine concern about a bank run. He says the banking sector in Europe is where the crisis is unfolding. For more www.YouTube.com
Pt. 3 America's Bankrupt Banks (Inside the Meltdown)Apr 30, 2012
On Thursday, Sept. 18, 2008, the astonished leadership of the US Congress was told in a private session by the chairman of the Federal Reserve that the American economy was in grave danger of a complete meltdown within a matter of days. "There was literally a pause in that room where the oxygen left," says Sen. Christopher Dodd (D-Conn.). As the housing bubble burst and trillions of dollars' worth of toxic mortgages began to go bad in 2007, fear spread through the massive firms that form the heart of Wall Street. By the spring of 2008, burdened by billions of dollars of bad mortgages, the investment bank Bear Stearns was the subject of rumors that it would soon fail. "Rumors are such that they can just plain put you out of business," Bear Stearns' former CEO Alan "Ace" Greenberg tells FRONTLINE. The company's stock had dropped from $171 to $57 a share, and it was hours from declaring bankruptcy. Federal Reserve Chairman Ben Bernanke acted. "It was clear that this had to be contained. There was no doubt in his mind," says Bernanke's colleague, economist Mark Gertler. Bernanke, a former economics professor from Princeton, specialized in studying the Great Depression. "He more than anybody else appreciated what would happen if it got out of control," Gertler explains. To stabilize the markets, Bernanke engineered a shotgun marriage between Bear Sterns and the commercial bank JPMorgan, with a promise that the federal government would use $30 billion to cover Bear Stearns ...
Pt. 4 America's Bankrupt Banks (Inside the Meltdown)Apr 28, 2012
On Thursday, Sept. 18, 2008, the astonished leadership of the US Congress was told in a private session by the chairman of the Federal Reserve that the American economy was in grave danger of a complete meltdown within a matter of days. "There was literally a pause in that room where the oxygen left," says Sen. Christopher Dodd (D-Conn.). As the housing bubble burst and trillions of dollars' worth of toxic mortgages began to go bad in 2007, fear spread through the massive firms that form the heart of Wall Street. By the spring of 2008, burdened by billions of dollars of bad mortgages, the investment bank Bear Stearns was the subject of rumors that it would soon fail. "Rumors are such that they can just plain put you out of business," Bear Stearns' former CEO Alan "Ace" Greenberg tells FRONTLINE. The company's stock had dropped from $171 to $57 a share, and it was hours from declaring bankruptcy. Federal Reserve Chairman Ben Bernanke acted. "It was clear that this had to be contained. There was no doubt in his mind," says Bernanke's colleague, economist Mark Gertler. Bernanke, a former economics professor from Princeton, specialized in studying the Great Depression. "He more than anybody else appreciated what would happen if it got out of control," Gertler explains. To stabilize the markets, Bernanke engineered a shotgun marriage between Bear Sterns and the commercial bank JPMorgan, with a promise that the federal government would use $30 billion to cover Bear Stearns ...
Pt. 5 America's Bankrupt Banks (Inside the Meltdown)Apr 28, 2012
On Thursday, Sept. 18, 2008, the astonished leadership of the US Congress was told in a private session by the chairman of the Federal Reserve that the American economy was in grave danger of a complete meltdown within a matter of days. "There was literally a pause in that room where the oxygen left," says Sen. Christopher Dodd (D-Conn.). As the housing bubble burst and trillions of dollars' worth of toxic mortgages began to go bad in 2007, fear spread through the massive firms that form the heart of Wall Street. By the spring of 2008, burdened by billions of dollars of bad mortgages, the investment bank Bear Stearns was the subject of rumors that it would soon fail. "Rumors are such that they can just plain put you out of business," Bear Stearns' former CEO Alan "Ace" Greenberg tells FRONTLINE. The company's stock had dropped from $171 to $57 a share, and it was hours from declaring bankruptcy. Federal Reserve Chairman Ben Bernanke acted. "It was clear that this had to be contained. There was no doubt in his mind," says Bernanke's colleague, economist Mark Gertler. Bernanke, a former economics professor from Princeton, specialized in studying the Great Depression. "He more than anybody else appreciated what would happen if it got out of control," Gertler explains. To stabilize the markets, Bernanke engineered a shotgun marriage between Bear Sterns and the commercial bank JPMorgan, with a promise that the federal government would use $30 billion to cover Bear Stearns ...
Designed Dollar Demolition - "Fractional Reserve Banks Bankrupt Anyway, No More Opium Dreams"Apr 11, 2012
***ORIGINAL UPLOAD BY RTAmerica*** Permission to repost granted. Aug 15, 2011 40 years ago today former President Nixon was fighting inflation and overwhelming war costs and with that he ended the last remnants of the gold standard. At that time Nixon claimed he was defending the dollar but his critics said it was one of the most damaging decisions in modern economic history. Are we feeling the effects of this decision four decades later? Lew Rockwell, chairman of Ludwig von Mises Institute, tells us who's to blame for the death of the dollar. Follow Lauren on Twitter: twitter.com "The FED? The FED is dead, baby! FED's dead."
Pt. 2 America's Bankrupt Banks (Inside the Meltdown)May 06, 2012
On Thursday, Sept. 18, 2008, the astonished leadership of the US Congress was told in a private session by the chairman of the Federal Reserve that the American economy was in grave danger of a complete meltdown within a matter of days. "There was literally a pause in that room where the oxygen left," says Sen. Christopher Dodd (D-Conn.). As the housing bubble burst and trillions of dollars' worth of toxic mortgages began to go bad in 2007, fear spread through the massive firms that form the heart of Wall Street. By the spring of 2008, burdened by billions of dollars of bad mortgages, the investment bank Bear Stearns was the subject of rumors that it would soon fail. "Rumors are such that they can just plain put you out of business," Bear Stearns' former CEO Alan "Ace" Greenberg tells FRONTLINE. The company's stock had dropped from $171 to $57 a share, and it was hours from declaring bankruptcy. Federal Reserve Chairman Ben Bernanke acted. "It was clear that this had to be contained. There was no doubt in his mind," says Bernanke's colleague, economist Mark Gertler. Bernanke, a former economics professor from Princeton, specialized in studying the Great Depression. "He more than anybody else appreciated what would happen if it got out of control," Gertler explains. To stabilize the markets, Bernanke engineered a shotgun marriage between Bear Sterns and the commercial bank JPMorgan, with a promise that the federal government would use $30 billion to cover Bear Stearns ...
Bankrupt These Bastards with "Glass Steagall" Before They Kill Us!Apr 21, 2012
With the decision to attempt to bail out the entire trans-Atlantic system with the Federal Reserve, we are on the eve of the battle over how to deal with the global economic collapse. Obama stands in the presidency doing what he was programmed to do and that is to destroy America as a nation. How Americans can't see the obvious, is beyond comprehension. Remove Obama now before he drives the last nail in America's coffin!
Pt. 6 America's Bankrupt Banks (Inside the Meltdown)Apr 28, 2012
On Thursday, Sept. 18, 2008, the astonished leadership of the US Congress was told in a private session by the chairman of the Federal Reserve that the American economy was in grave danger of a complete meltdown within a matter of days. "There was literally a pause in that room where the oxygen left," says Sen. Christopher Dodd (D-Conn.). As the housing bubble burst and trillions of dollars' worth of toxic mortgages began to go bad in 2007, fear spread through the massive firms that form the heart of Wall Street. By the spring of 2008, burdened by billions of dollars of bad mortgages, the investment bank Bear Stearns was the subject of rumors that it would soon fail. "Rumors are such that they can just plain put you out of business," Bear Stearns' former CEO Alan "Ace" Greenberg tells FRONTLINE. The company's stock had dropped from $171 to $57 a share, and it was hours from declaring bankruptcy. Federal Reserve Chairman Ben Bernanke acted. "It was clear that this had to be contained. There was no doubt in his mind," says Bernanke's colleague, economist Mark Gertler. Bernanke, a former economics professor from Princeton, specialized in studying the Great Depression. "He more than anybody else appreciated what would happen if it got out of control," Gertler explains. To stabilize the markets, Bernanke engineered a shotgun marriage between Bear Sterns and the commercial bank JPMorgan, with a promise that the federal government would use $30 billion to cover Bear Stearns ...
'Euro-dollar failing, BRICS seek more say in IMF'May 10, 2012
With the EU's future shrouded in uncertainty, the IMF chief has set a goal to protect the world from Europe. Christine Lagarde wants to erect a 400 billion dollar financial wall around the bloc. The plan however is short 80 billion dollars, with hopes that the fast growing countries known as the BRICS group will plug the hole. Brazil, Russia, China, India and South Africa are ready to lend a helping hand, but only for a bigger say over the international bank. Meeting today in Washington, ministers from the group of 20 industrialized nations will focus on that funding. For more on the story RT talks to Christoph Hoerstel, political analyst and German government consultant. RT on Twitter: twitter.com RT on Facebook: www.facebook.com
Mark Faber Warning - Bigger Financial Crisis on the WayMar 27, 2012
RonPaul2012.com Ron Paul Video Playlist www.youtube.com Rand Paul Video Playlist www.youtube.com Peter Schiff Video Playlist www.youtube.com Jesse Ventura Video Playlist www.youtube.com Freedom Watch Video Playlist www.youtube.com Gerald Celente Friends safetyjoe-infobomb.blogspot.com Max Keiser Video Player safetyjoe-infobomb.blogspot.com Alex Jones Video Player safetyjoe-infobomb.blogspot.com FAIRUSE NOTICE: This video may contain copyrighted material. Such material is made available for educational purposes only. This constitutes a 'fair use' of any such copyrighted material as provided for in Title 17 USC section 107 of the US Copyright Law. Mark Faber, Gloom, Boom, Doom, Bigger Financial Crisis, impending financial crisis, greek debt, bankrupt, banks, bernanke, federal reserve,
Keiser Report: 'Feckless Parents' vs Reckless Banks (E219)May 09, 2012
This week Max Keiser and co-host, Stacy Herbert, discuss feckless parents and fiscal unions. In the second half of the show, Max talks to Josh Brown of TheReformedBroker.com about social media snake oil and internet ponzis. KR on FB: www.facebook.com
Keiser Report: Big Bad Banks (E213)May 16, 2012
Every week Max Keiser looks at all the scandal behind the financial news headlines. This week Max Keiser and co-host, Stacy Herbert, discuss the Koch Brothers and MF Global and Northern Rock and Richard Branson's blonde hair and big, shiny teeth. In the second half of the show, Max talks to independent radio journalist Richard Thomas about Occupy LSX, poll tax riots and financial apartheid. KR on FB: www.facebook.com
Why people hate the banksMay 17, 2012
Follow Max Keiser on Twitter: twitter.com In this episode, Max Keiser and co-host, Stacy Herbert, discuss getting Zhou Tonged and Jamie Dimon-ed in financial markets. They also discuss bucket shop derivatives, a debit card repo scam and a compound of morons and regulatory flatulence. In the second half of the show Max talks to Michel Bauwens of the P2P Foundation about bitcoin in the virtual world and about pseudo abundance and artificial scarcity in the real world. KR on FB: www.facebook.com
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