Episode 694

Max Keiser and Stacy Herbert discuss the arrival of the ‘shakedown times’ as our deposits and pension funds are now open to confiscation to Too Big To Fail banks in ‘resolution’…something that used to be known as ‘bankruptcy.’ In the second half Max interviews Karl Denninger about the likely oil price collapse impact on credit markets and the “Adequacy of Loss-Absorbing Capacity of Global Systemically Important Banks in Resolution”…say what? And, finally, the discuss the latest shenanigans from Jamie Dimon who lobbied to roll back certain Dodd Frank provisions regarding derivatives.