ireland driver in weekend and violent attacks on police. micky aaron has a full news program for you at the top of the hour but 1st check out the kaiser report 2. max kaiser this is the kaiser report you know a lot of people speculate whether or not god exists or not i ll tell you one thing that i can guarantee does not exist financial regulators stacie right i mean is feeling to look a lot like 2008 to us we were around and reporting back them on the beginning of the global financial crisis which we believe is still kind of ongoing but at that time of course it was and around the same time of the year march of 2008 where bear stearns had to hedge funds that collapsed and set in motion what would later few months later 6 months later become the global financial crisis when lehman brothers also collapsed and you started to see that again the debt crisis has risen again you might say bill wang of arc ago he 5 you know his fund collapsed in a spectacular fashion with a massive m
stearns had to hedge funds that collapsed and set in motion what would later few months later 6 months later become the global financial crisis when lehman brothers also collapsed you started to see that again the debt crisis has risen again you might say bill wang of arc ago he you know his fund collapsed in a spectacular fashion with a massive margin call up to about $30000000000.00 margin call he received and it looks like he s really impacted not only did like c.b.s. by viacom c.b.s. fall by like 27 percent as all his shares are if i had to be sold off by the counter-party banks but the banks themselves i credit suisse have been head credit suisse warns and pre-market statement of a highly significant hit to its 1st quarter results after it began exiting positions with a large us how do we play this as a tragedy or a comedy you know that s always the question if i go tragic. that would be one way to go down the tragedy path or i could go down the comedy path either one or
alarming reports of abuse and mistreatment of mr involving at that penal colony. but not as journalists but as members of the russian watchdog human rights watchdog alexina vali called that president a concentration camp but instead the group was showed proper facilities of medical unit a library plenty of visitor rooms and also leisure facilities as well. but some of the biggest problems is the love of society. and the world doesn t leave a trace everything changed in business with them asleep to the slow movement of the senses do which is why you want to lose why does this seem to go on petitions today doesn t suit him this doing it and i see that the national. anyway we will always keep you updated on. health the international reaction to it and also what s on what s going to happen with these journalists who ve been detained. thanks for the update on that story but up next as they see examine the increases in leverage and complex but so on the stock markets plus the lates
a comedy you know that s always the question if i go tragic. that would be one way to go down the tragedy path or i could go down the comedy path either one or those tragic comedy there s a big mix of both if i go down the tragedy path things could get woolly so the 1st time was tragedy we cover that 2008 this time is comedy because it s the 2nd time so if it happens again in the same exact way the same exact manner happens over and over the 1st time our financial system almost the last was back in the ninety s with long term capital management remember them that s when the fed intervene to rescue one single hedge fund here we have the same sort of situation and again just like 2000 and they again member i said the financial crisis has risen again and that is it went through europe because what happened was huge amount of leverage using something called contracts. for difference which are illegal in the us but are allowed in europe so nevertheless it impacted us markets hugel
suisse warns and pre-market statement of a highly significant hit to its 1st quarter results after it began exiting positions with a large us hedge fund that defaulted on margin calls last week so play this as a tragedy or a comedy you know that s always the question if i go tragic. that would be one way to go down the tragedy path or i could go down the comedy path either one or there s a tragic comedy there s a big mix of both if i go down the tragedy path things could get woolly so the 1st time was tragedy we cover that 2008 this time is comedy because it s the 2nd time so if it happens again in the same exact way the same exact manner happens over and over the 1st time our financial system almost the last was back in the ninety s with long term capital management remember them. that s when the fed intervene to rescue one single hedge fund here we have the same sort of situation and again just like 2008 again member i said the financial crisis has risen again and that is i