Max Keiser: 'Cadavers Collateralized Debt' [Michael Hudson © KeiserReport]
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Max Keiser and Stacy Herbert bring a bankster rat onto set to discuss the civil suit against JP Morgan's mortgage fraud. We revisit episode 97 of the Keiser Report on which journalist Teri Buhl had first warned you about the residential mortgage back security fraud issue on JP Morgan's balance sheet - thanks to their purchase of Bear Stearns. In the second half of the show, Max Keiser talks to Dr. Michael Hudson, author of The Bubble and Beyond: Fictitious Capital, Debt Deflation and Global Crisis, about Timothy Geithner's role in facilitating the takeover of the banking system by the Wall Street mafia and about the oligarchic counter revolution against democracy in Europe.