Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

maxkeiser

(416 posts)
Sun Jul 8, 2012, 05:10 PM Jul 2012

Keiser Report: Fraud & 60 Orgasms (E311)



I also interview the CEO of a solar company operating in Tunisia that is sending energy to Germany via an underwater cable connecting N. Africa with Italy. We discuss the horrible business model that is fracking and how solar and alternative energy can trump oil.
5 replies = new reply since forum marked as read
Highlight: NoneDon't highlight anything 5 newestHighlight 5 most recent replies
Keiser Report: Fraud & 60 Orgasms (E311) (Original Post) maxkeiser Jul 2012 OP
In USA banking today..... MindMover Jul 2012 #1
re:Keiser Report: Fraud & 60 Orgasms (E311) allan01 Jul 2012 #2
"there is the banks, owned by the robber barons. Amonester Jul 2012 #3
K&R closeupready Jul 2012 #4
Bob Diamond: It’s Easier to Blame Him than Reform Banking, but… JohnyCanuck Jul 2012 #5

allan01

(1,950 posts)
2. re:Keiser Report: Fraud & 60 Orgasms (E311)
Sun Jul 8, 2012, 07:37 PM
Jul 2012

i see a number of these options including power relay satelites . along w solar satelites in geostationary orbit
but . there is the banks , owned by the robber barons.

Amonester

(11,541 posts)
3. "there is the banks, owned by the robber barons.
Sun Jul 8, 2012, 11:14 PM
Jul 2012

I bet they are the same robber barons who own a lot of oil corporations, or they're all in cahoots with each other.

And the regulators.

JohnyCanuck

(9,922 posts)
5. Bob Diamond: It’s Easier to Blame Him than Reform Banking, but…
Mon Jul 9, 2012, 12:11 PM
Jul 2012

It seems like there is a new banking scandal everyday now. Every time I think we have heard it all, a new scandal pops up. I think we are all getting used to billions in financial fraud now. Libor scandal this month, rogue trader last month, and the next banking bailout coming in the next few months, when the bankers get themselves in trouble again

But one thing that still amazes me is how we think that Bob Diamond is the one behind all this madness, Fred Goodwin last time or whoever the next CEO is when we unearth similar financial fraud in Lloyds and HSBC next.

As crazy as it sounds, I found myself feeling a little sorry for Bob Diamond this morning. Now normally I would be the last person offering any sorrow to the CEO of a bank, but if the truth be told, Diamond just happened to be sitting on the seat at a time when whoever was sitting on the seat would have had the same fate. Our banking system is designed in a way where fraud is inevitable. Remember, politician wants to get more people borrowing money to push up property prices and the economy just as much as Bob Diamond does.

SNIP

The change will never come when we focus on the CEO’s and their jobs. It is easy to get angry about their bonuses and their fraud, but the change has to come from government enforcing structural changes in banking and a cultural shift in what the bank is for.

Let’s try to stay focused on what the real problem in banking is.

http://www.positivemoney.org.uk/2012/07/bob-diamond-its-easier-to-blame-him-than-reform-banking-but/

Latest Discussions»Retired Forums»Video & Multimedia»Keiser Report: Fraud &...