8 Dec 2012

Hollywood Accounting, ZIRP - Max Keiser and Matt Taibbi

Max Keiser  and Stacy Herbert look at how Hollywood accounting has turned the global financial system into one in which money and wealth melt like so much congealed snow. And so from Pontiac, Michigan to the Australian outback, zero percent interest rates and jobs that never materialize are the new normal. In the second half, Max Keiser talks to Matt Taibbi of Rolling Stone magazine about banksters who can't recall a single thing about their crimes, including everything from Libor rigging to defrauding monoline insurers. Source

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