The banks are dead

[bigbadwolf]

Always a pleasure to listen to Max Keiser. A 3 1/2 minute video here where he explains the insolvency of the major banks.

 

[Andy Nguyen]

It's an interesting time, no doubt.

 

[Nathaniel TMK]

Who cares what the rating agencies, they are always 1 step behind.
They gave AAA rating to asset backed CDOs.
They downgraded the US and everyone kept piling their money in the treasuries.
And the worse is that they can't see the danger in the German bunds.

http://www.zerohedge.com/news/spain-may-not-be-uganda-germany-chile

 

[bigbadwolf]

More Keiser. I could do with a stiff whiskey.

http://rt.com/programs/keiser-report/episode-305-max-keiser/