In this episode of the Keiser Report, Max Keiser and Stacy Herbert examine stories about those who, using spoof trades, bogus securities and fictitious capital, steal real wealth and income. They discuss how it is that every benchmark index is rigged and introduce the concept of the ‘bonus benchmark.’ In the second half, Max talks to Dr. Michael Hudson, author of The Bubble and Beyond, about debt and wage deflation [...]
Private equity leveraged buyouts (P.E. LBOs) typically put up 10% of their own collateral (although Romney would sometimes only put up 5% to 6%) with the remaining 90% from bank loans taken out against the buyout target company. This loads the company with extreme amounts of debt, which greatly reduces their taxes due to the greater tax deductibility from debt interest payments. (Equity dividends are always taxed higher than debt [...]
The current â€˜Eurozone crisisâ€™ is NOT over yet and Irelandâ€™s bond and bank loan debt â€˜defaultâ€™ EU ECB bank bailout â€˜loanâ€™ is essentially a monetary and debt crisis postponed until the next â€˜bondâ€™ sell-off threat or default call for loan debt settlements by bank investors.
The same applies to Portuguese and Spanish bank debt calls in the coming days, weeks and months.
This Eurozone debt crisis is a continuation of the [...]