The Colder War
This week, European and American regulators imposed fines of $4.3 billion on six large banks for rigging the currency markets.The question is: how will that $4.3 billion be spent? In the UK, the British government has traditionally directed “some” of the money raised from bank settlements to worthy causes such as a physical rehabilitation program for soldiers. But in the US, most of the federal portion of the settlement will be swept into the Treasury and Justice Departments’ asset forfeiture funds, where the cash joins seized proceeds from other criminal ventures. Erin weighs in.
Then Erin is joined by Marin Katusa –chief energy investment strategist at Casey Research and author of "The Colder War: How the Global Energy Trade Slipped from America's Grasp.” Marin explains the main thesis of his book and says why he thinks Russian President Vladimir Putin has been underestimated in dangerous ways.
After the break our Defining Moments segment has guest commentary on where the Saudi oil market is headed, the argument for net neutrality, what net neutrality means for internet security,
the generational low for first-time homebuyers and income inequality.
And in The Big Deal, Erin is joined by Boom Bust producers Edward Harrison and Bianca Facchinei to review and respond to viewer comments from the Boom Bust YouTube page. Take a look!
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