Eric holder tim geithner remember in 2008 they came out with the holder doctrine so about moral hazard institutionalized moral hazard they said every time you banks commit fraud every time jamie diamond commit fraud we are going to cut those laws out of the books were going to eliminate laws against financial fraud whenever you commit fraud oh by the way of jamie diamond by citibank or travels corp violates classical oh well well just get rid of glass steagall to accommodate jamie dimon because thats the eric holder doctrine thats the Jimmy Geithner doctor and thats the ben bernanke you doctor and thats the doctor thats a jay powell doctrine is forget all rule of law for people with a lot of cash from the food. In terms of fighting the fed and this war with the fed and this war with economics and Business Cycles for example. Were in this sort of benign totalitarianism is where they dont have to lock up short sellers for example remember during the financial crisis it always emerged tha
Takes half of our taxes and for them to keep getting more money from us the taxpayers are going to drop bombs everywhere they do it willy nilly without any thought about what theyre doing whatsoever they had a few it commercial airlines i dont care and then the fed prints tons of money and then they go blow it again and that money printing leads to the stock market going higher which makes everyone think theyre geniuses and that the god like and that see our strategy of bombing innocent people makes sense really just a crock and print more money and then the fed accommodates of course because we do so for National Security and the stock market hits a new all time on that everyone gets really smart and think oh my genius im making so much money is go bomb more people go kill more civilians in school submersed olders print more money and then the stock market goes i or thats the cycle that were in now its called genocide for profit its school of america. Well of course one thing the fed
All your latest global news updates life from r t h q in moscow. Im max kaiser this is the kaiser report we are in rehearsal for cars report the musical. Got the congas we got the guitars i got the band i got the drummers write the song Stephen Sondheim i was going to fail or not hes ill but 1 weve got some major folks involved in this project going to hit broadway oh man im excited stacy i want to talk about its a good story that relates to your congress because of course you need the congress for a you know war to beat the war drums of war exactly because what is the old saying on wall street dont fight the fed. I feel the 1st song of our musical comedy go theyre. Fun to fit. Well many of our guests theyre called heterodox economists or heterodox financial analysts because they often fight the fed but my question were going to look at these headlines and my observations of some of these charts over the past decades or 2 is. What came 1st the chicken or the fed so is it the fed drivin
Something like that you were rewarded for it rather than punished and thats what you have now is like any time theres bad news 1st of course you know gold spikes market selloff for literally a minute or 2 and then they soar quickly when they realize oh wait what am i doing im thinking like the olden days before Alan Greenspan before there was the fed fighting the investor speculator class so now they they whatever every time theres bad news is always when markets soar the most right well dont forget eric holder tim geithner member in 2008 they came out with the holder doctrine so about moral hazard they institutionalized moral hazard they said every time you banks commit fraud every time jamie diamond commit fraud we are going to cut those laws out of the books were going to eliminate laws against financial fraud whenever you commit fraud oh by the way. Jamie diamond by citibank or Travelers Corp of violates class stable oh well well just get rid of glass steagall to accommodate jimmy
Fog. It is president s day. Things look very good right here. Lets go to the south bay. There is nothing to really tell you or warn you about end south bay anyway. There are no crashes, no slowdowns. There are fewer than a dozen cars on the road. Traffic is pretty much nonexistent. Overall it is a nice, easy commute this morning. There is a developing story. The search and rescue team will go out today. Theyre looking for a missy and missing couple. We are at the Sheriffs Office. Good morning. We understand the couple went to this area for a few days. He went hiking. The Sheriffs Department has no clues where they may be. The couple were last seen at a rental home on friday. The coupleon sunday. The Sheriffs Office has an extensive search with multiple agencies yesterday afternoon and yesterday evening. They were scheduled to check out saturday morning. It came to our attention when a innkeeper said all of the belongings were in the unit along with the couples credit cards, wallets, ce