High Finance: Institutional Crimes with old Wizards

Slave labor world-wide is the new market model for the elite money junkies while they gamble with derivatives…
Yes, the Central Bankers consider worker’s wages worthless and the money is valued at zero where workers and savers are loosing currency value and unable to earn interest on their currencies.

The Goldman Sachs’ Facebook IPO was a scam with a hugely over-rated price and still exists for the casino stock gambling speculators…

Keiser Report: Banksters Bilking Billions (E340)

The demand for oil decreases but, yet the price of oil is (still) increasing! Oh my, the financial wizards are casting their paper-majick again.


Keiser Report: Collateral Transformation (E341)

Max Keiser talks to Joshua Mellors of SocialJusticeFirst.com about financial suicides and the government & banking policies that cause it.


The government and Central Bank (Federal Reserve) reaps the rewards while Americans have given up hope and now concede to being ‘lower class.’ In the second half of the show, Max Keiser talks to Chris Cook about the price of chickens in Tehran and petrol in the United Kingdom and the role of ETFs in destroying markets.

Keiser Report: Depression, Debt & Doublespeak (E342)


Max Keiser and Stacy Herbert discuss flash crashes, reputation woes on the U.S. exchanges and sheep screaming at all the fraud.
Max also talks to one of the Queen’s sheep for its opinion on quantitative easing.
In the second half of the show, Max Keiser talks to Jim Rickards, author of Currency Wars, about QE to infinity, the dollar, the euro and a gold standard.

Keiser Report: World Flash Clash Center (E343)


Want Worldwide PEACE and Prosperity. We are the solution we have been searching for... Free People on Earth will solve our crisis and create an era of Creativity. Be Aware; Be Creative; Be Active; Be Free; and then Share it. LOVE & Wholeness AMOR y Paz

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10 comments on “High Finance: Institutional Crimes with old Wizards
  1. ronmamita says:

    The Black Financial and Fraud Report

    The head of the criminal division of the Justice Department gave a speech to the defense attorneys for Wall Street and the NY Bar how to avoid prosecution.


  2. ronmamita says:

    Record fraud and record profits


  3. ronmamita says:

    Sunday, September 23, 2012
    William K. Black’s Proposal for “Systemically Dangerous Institutions”

    William K. Black, Associate Professor of Economics and Law at the University of Missouri – Kansas City, and the former head S&L regulator, has written the following fantastic new proposal concerning the giant, insolvent banks. Posted/reprinted with Professor Black’s permission.
    William K. Black
    Associate Professor of Economics and Law
    University of Missouri – Kansas City


    September 10, 2009

    The Obama administration is continuing the Bush administration policy of refusing to comply with the Prompt Corrective Action (PCA) law. Both administrations twisted a deeply flawed doctrine – “too big to fail” – into a policy enshrining crony capitalism.

    Historically, “too big to fail” was a misnomer – large, insolvent banks and S&Ls were placed in receivership and their “risk capital” (shareholders and subordinated debtholders) received nothing. That treatment is fair, minimizes the costs to the taxpayers, and minimizes “moral hazard.” “Too big to fail” meant only that they were not placed in liquidating receiverships (akin to a Chapter 7 “liquidating” bankruptcy). In this crisis, however, regulators have twisted the term into immunity. Massive insolvent banks are not placed in receivership, their senior managers are left in place, and the taxpayers secretly subsidize their risk capital. This policy is indefensible. It is also unlawful. It violates the Prompt Corrective Action law. If it is continued it will cause future crises and recurrent scandals.

    On October 16, 2006, Chairman Bernanke delivered a speech explaining why regulators must not allow banks with inadequate capital to remain open.

    Capital regulation is the cornerstone of bank regulators’ efforts to maintain a safe and sound banking system, a critical element of overall financial stability. For example, supervisory policies regarding prompt corrective action are linked to a bank’s leverage and risk-based capital ratios. Moreover, a strong capital base significantly reduces the moral hazard risks associated with the extension of the federal safety net.

    The Treasury has fundamentally mischaracterized the nature of institutions it deems “too big to fail.” These institutions are not massive because greater size brings efficiency. They are massive because size brings market and political power. Their size makes them inefficient and dangerous.

    Under the current regulatory system banks that are too big to fail pose a clear and present danger to the economy. They are not national assets. A bank that is too big to fail is too big to operate safely and too big to regulate. It poses a systemic risk. These banks are not “systemically important”, they are “systemically dangerous.” They are ticking time bombs – except that many of them have already exploded.

    We need to comply with the Prompt Corrective Action law. Any institution that the administration deems “too big to fail” should be placed on a public list of “systemically dangerous institutions” (SDIs). SDIs should be subject to regulatory and tax incentives to shrink to a size where they are no longer too big to fail, manage, and regulate. No single financial entity should be permitted to become, or remain, so large that it poses a systemic risk.

    SDIs should:

    1. Not be permitted to acquire other firms

    2. Not be permitted to grow

    3. Be subject to a premium federal corporate income tax rate that increases with asset size

    4. Be subject to comprehensive federal and state regulation, including:

    a. Annual, full-scope examinations by their primary federal regulator

    b. Annual examination by the systemic risk regulator

    c. Annual tax audits by the IRS

    d. An annual forensic (anti-fraud) audit by a firm chosen by their primary federal regulator

    e. An annual audit by a firm chosen by their primary federal regulator

    f. SEC review of every securities filing

    5. A prohibition on any stock buy-backs

    6. Limits on dividends

    7. A requirement to follow “best practices” on executive compensation as specified by their primary federal regulator

    8. A prohibition against growth and a requirement for phased shrinkage

    9. A ban (which becomes effective in 18 months) on having an equity interest in any affiliate that is headquartered in or doing business in any tax haven (designated by the IRS) or engaging in any transaction with an entity located in any tax haven

    10. A ban on lobbying any governmental entity

    11. Consolidation of all affiliates, including SIVs, so that the SDI could not evade leverage or capital requirements

    12. Leverage limits

    13. Increased capital requirements

    14. A ban on the purchase, sale, or guarantee of any new OTC financial derivative

    15. A ban on all new speculative investments

    16. A ban on so-called “dynamic hedging”

    17. A requirement to file criminal referrals meeting the standards set by the FBI

    18. A requirement to establish “hot lines” encouraging whistleblowing

    19. The appointment of public interest directors on the BPSR’s board of directors

    20. The appointment by the primary federal regulator of an ombudsman as a senior officer of the SDI with the mission to function like an Inspector General


  4. ronmamita says:

    Corbett Report
    Interview 543 – David L. Smith on the QE Madness
    Sept 21, 2012
    David L. Smith of the Geneva Business Insider joins us once again to talk about the latest rounds of quantitative easing in Europe, the U.S. and Japan, and their likely long-term impacts on paper currency values. We also talk about ways to protect wealth against inflation and reliable sources of alternative economic analysis.

    [audio src="http://www.corbettreport.com/mp3/2012-09-21%20David%20Smith.mp3" /]


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September 2012
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