- uploaded: Jul 28, 2012
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"Mr. Blair's intervention is likely to prove controversial because of his commercial interests since leaving Downing Street five years ago. He is an adviser to JP MOrgan, a US Investment bank; Zurich, a Swiss financial firm; and has clients, including several governments, which are said to deliver an annual income of about GBP 20m."
In this episode, Max Keiser presents a double header with co-host, Stacy Herbert, to discuss crime and punishment in the financial sector. In London, JP Morgan banker, Tony Blair, has responded to the Keiser Report with his claim that hanging 20 bankers will not help and that, in fact, he asserts, public anger with the financial crisis is wrong. They also discuss the 'blazer over cuffs look' being the new black this season as Sean Fitzpatrick is arrested in Dublin, while over in Pennsylvania, Joe Paterno's statue is draped in blue tarpaulin and hauled away as bond investors punish the university with higher rates and Moody's threatens a downgrade. Finally, in Los Angeles, victims of vandalism are shocked to discover that it was a senior UBS banker who was smashing windows with a slingshot.
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