Clueless Bankers Know Nothing of Finance

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Watch the full Keiser Report 366 on Tuesday.

In this episode, Max Keiser and Stacy Herbert discuss foul mouthed foreigners with banker tourettes in Singapore, while in America, traders at Barclays send each other expletive-filled emails admitting to manipulating energy prices down in order to have their big bets on declining prices pay off. They also discuss financial activists creating a rolling jubillee reverse vulture fund designed to liberate the population from unpayable debts. In the second half, Max Keiser talks to Teri Buhl about the investigation into fraud at Sun Trust Bank where whistleblowers allege the bank mis-sold mortgages to Fannie Mae, the government sponsored enterprise. Max and Teri also talk about recent developments in the case of residential mortgage back securities fraudulently sold to investors by JP Morgan’s Bear Stearns holding and Teri proposes a million man march on the SEC and the NY Fed.

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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.