Max Keiser: Banks Are Dead!

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Moody’s has slashed the ratings of fifteen of the biggest banks in Europe and the U.S. in the latest slap in the face to the ailing financial sector. Those hit include Goldman Sachs, Morgan Stanley, Royal Bank of Scotland and Deutsche Bank – financial powerhouses domestically and internationally. The move could make it more expensive for the banks to attract funds. It’s also feared the downgrades could trigger fresh market panic, and a new exodus to gold. For more analysis RT talks to RT’s financial guru Max Keiser, who joins us from the International Economic Forum in St. Petersburg..

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Max Keiser is a former broker and options trader but more recently a respected news and market analysis pundit. He appears on independent media networks like RTT and AL Jazerra and is well known for uncovering cronyism and predicting major trends on his show the Keiser Report. Videos provided by and © Max Keiser or RTT.