A stock or your muscles in the course of your new year which mrs jenner above is just. All for god chill the church. Business compassion that. We think she minds be soviet soldiers to kiss off the boot shes wearing. Huge which to the so looks like to move to a possible opinion more than with looking like it on the show stuck with some Russian Police force sent us all the. I am max kaiser this is the kaiser report and you know what gloucester its up to its usual bag of tricks that back in 2008 Global Financial crisis and remember that movie the big short and remember i was obvious that everything was going to blow up and remember how the wall street people were you know conspiring and then it all blew up in a few people make billions and billions of dollars because they cooked the books and they grabbed all that cash and we had cars reports said you know what this exact same thing is going to happen again in 10 to 12 years and guess what here we are 12 years later and stated and it cont
Market. Shareholdersas top supports a bailout today as bayer agrees to a settlement to put months into related liabilities behind it. Manus it has just gone 6 00 a. M. In london, 7 00 a. M. In paris and berlin. It comes down to this. 2. 5 drawdownll a on the s p 500 . Is that really a readjustment . The camera has just moved. What have they done to me . Nejra we will get you back in a moment. That drawdown that we saw of 500nd 2. 5 in the s p seemed to be a bit of a reality check in markets to the reality of a second wave. Not only that, the possibility of slowdowns. Restrictions happening in the northeast as well, certain parts of the u. S. Particularly at risk. Question the strength of the rebound or recovery, depending on whether you make a distinction. A lot of red on the screen. The Msci Asia Pacific index down. Futures. 28 low open as well but it does look like if we do see losses, they will be more muted than what we saw yesterday. A second day of dollar strength. Our guest this
That the wall street crimes never go away theyre just repackaged and called Something Different so here the cd collateralized debt obligation is been replaced with the c l o the collateralized loan obligation as if a loan is somehow different than a debt no in fact theyre synonymous but by calling it something slightly different it fools the regulators the regulars are like oh my god what what is a c l o is it anything like a c d o i dont i cant comprehend it and by the way can you hire me at your head funding pay me 10000000000 dollars a year at citadel or some other head from because im a captured regulator and i work for the headphones yes you can so here you have a c l collateralized Loan Obligations and they are engaging once again in what we call back then and what we can call today as reverse drug dealing ok. Flashback Flash Forward what is reverse drug dealing well in drug dealing you start off with the product and then to try to make more money selling a product you mix it in
To 2008 financial crisis we had cd those collateralized debt obligations and Mortgage Backed securities and credit default swaps and these things and then lo and behold the Global Financial system collapsed and lo and behold our Central Banks that done with a lot of money that is now being dorf by the amount of money being printed for this go round but the bad stuff actually hasnt even happened yet this is what this article is warning about and its from Frank Portnoy who used to was working at Morgan Stanley at the time of the 2008 financial crisis and hes kind of warning that is going to happen this time but the new c. D. O. Is called the c l o the collateralized loan obligation we have actually warned about this in the last few years a few times on the show nomi prins is often tweeting about this and saying this is going to be the big problem so here it comes again right the looming Bank Collapse not crisis collapse he says the banks are going to collapse the u. S. Financial system c
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