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Episode 575

In this episode of the Keiser Report, Max Keiser and Stacy Herbert discuss financial ear wax and collateral the size of a spider’s egg. In the second half, Max interviews Chris Whalen, an investment banker and the author of a new book, “Financial Stability: Fraud, Confidence & The Wealth of Nations,” about a financial system replete with fraud and how what is happening in Detroit relates to fraudulent derivatives.