Reggie Middleton On Bank Fraud and Financial Ponzi Schemes
Courtesy of Jesse's Cafe Americain
Financial analyst Reggie Middleton is interviewed on a range of topics by Max Keiser.
– Fed bought 61% of new Treasury debt issuance distorting markets
– Higher oil prices are due to monetization of the currency and not increased demand
– Higher education has all the characteristics of a debt bubble
– Big name investment banks are take advantage of their clients in order to make short term financial goals
– JPM and other TBTF banks have forged partnerships with governments to public detriment
– Facebook IPO is good for Mark Zuckerberg but not for shareholders, Wall St. marketing
