Official Show description:
"This time Max Keiser and co-host, Stacy Herbert, look at rich people buying gold and the rest of the world decoupling from the United States. In the second half of the show, Max talks to Barry Ritholtz about foreclosure-gate, corporations versus the people and his panoramic view of the bailed out banks of New York."Little Rooster Show Description: Stacy is in New York offering some interesting and hilarious anecdotes from a welcome distant perspective at American finance titans, political ads and the idiocy of now. The second half has Barry and Max stirring the left-libertarian coals, roasting cow chips over the "left" and the "right" getting it wrong about the ongoing class war. Frenzied fun about high finance and fun to watch, despite all the "buy gold" talk and laissez - faire naked capitalism.
Meanwhile also last night, US Secretary of Treasury Timmy Giethner appears on PBS Charlie Rose last night and talks about how a nationwide foreclosure moratorium is not possible largely because and get this (and this is a paraphrase taken from some handwritten notes I made), "the neighborhoods don't want to have all those vacant homes." Who the hell said stop foreclosures of empty houses? Rose was looking for insider scoops and gave Timmy a pass on that one. He probably has too many rentals right now too!
More down to earth reporting came from Danny Schechter writing at Consortium News:
[Excerpt]
... Unfortunately, the blame-the-irresponsible-homeowner narrative has become deeply embedded even after films like Leslie Cockburn’s “Casino” documented the way homeowners in Baltimore were targeted on a racial basis or my own “In Debt We Trust” and “Plunder” demonstrating that crimes were committed in a massive way.
Michael Moore exposed the ugliness of foreclosures in his “Roger and Me” and “Capitalism: A Love Story.”
Now, a new film, “Inside Job,” fleshes out the story with a pretty looking, term paper/power point-style illustrated lecture showing, step by step, how homeowners were fleeced and why the crisis mushroomed.
Worth seeing, it’s a bit top-down and dense for my taste with lots of visuals from helicopters over buildings and interviews with big name economists.
At the same time, it reveals how former politicians turned academics are serving and servicing the right-wing elite with arguments that conceal their interests and agendas while drawing huge fees for their intellectual subservience/whoredom. ...
[End of Excerpt] The best reporting in the morning line-up by far that is sympathetic to the working people is at Consortium News.
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