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[Sunday Video Club] Under the Bridge

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

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

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.

For more download & listening options, visit Archive dot org

Questions Thread: Regarding the Banking Raj in Ireland

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

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

Stacy Summary: Guest is Birgitta Jonsdottir!

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

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:

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:

Bogus Accounting, JPMorgan Chase & Citi blamed in Lehman Report

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

Thomas Jefferson Quote of the Day

"Determine never to be idle. No person will have occasion to complain of the want of time who never loses any. It is wonderful how much may be done if we are always doing."

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