Going to come in to rescue the system when over and over weve seen especially since 2000 they come in to rescue j. P. Morgan and j. P. Morgan and banks in general are filled with people like this who will literally built their grandmother rather than not get their christmas bonus so were going to look at some data you know when i saw a lot of people tweeting that story. Its a recent story so it made me think of what lynn alton who is a financial analyst was recently looking at terms of macro economics and the situation in america whereby you know we have a problem with the voters the deplorable people in this country who keep on voting for a populist you know sort of politicians that they want well heres the data she points to to say well perhaps we need to address these issues and that might get rid of the need for a populist you know politicians over the past couple decades the u. S. Labor share of g. D. P. Has decreased to being well below trend while u. S. Corporate profits as a pe
Private equity sort of funds where he was collecting more at a fee of course his his cut she did cade the trade which is means declines knowledge to climb stollen so this is something as a broker you dont want to see on your desk a memo saying your client d. Ks this trade so she dk the trade and she went to court and she want to settlement which is very very rare because typically when you sign onto a new account form you go to arbitration which is staffed by a panel of brokers and bankers and very very few dollars are clawed back from this type of scandal and the but there was so egregious and so rotten that this grandmother finally did get some money back but youre right j. P. Morgan kind of sets the tone of America Business mores and there are crummy well when you look at the economy and you try to ask yourself well how did this all happen how do we have mass homelessness how do we have all these bubbles all over the place out how is the structure they con me so financial ised and t
Thanks so much for joining us and we hope you stop by soon. The world is driven by a dream shaped by one person. Who dares thinks. We dare to ask. People. Believe. I am max kaiser this is the kaiser report. Hey stacey whats happening you know what max is j. P. Morgan all the way down entire economy of the u. S. Is j. P. Morgan all the way down the 1st headline former j. P. Morgan banker gets finra 5 bam after bilking his wealthy grandmother a former j. P. Morgan Financial Advisor has been barred from the industry after being accused of trading his grandmothers assets without her knowledge so federal banned him and he had apparently put 80000000. 00 of her pension or her Retirement Savings into. Private equity sort of funds where he was collecting more at a fee of course his his cut she did cade the trade which is means declines knowledge decline stollen so this is something as a broker you dont want to see on your desk a memo saying your client d. Ks this trade so she dk the trade and
Always trying to medicate life itself i just think i was in like i was just scared i was a scared little girl i was 24 and like. Didnt have to be so complicated. In his annual address to the nation russian president Vladimir Putin reminded his citizens and the world in fact russia has red lines when it comes to Foreign Policy interests and those red lines need to be taken seriously and there lays the problem the west refuses to acknowledge russia as its own national and. I am max kaiser this is the kaiser report. Hey stacey whats happening you know what max is j. P. Morgan all the way down entire economy of the u. S. Is j. P. Morgan all the way down the 1st headline former j. P. Morgan banker gets finra bam after bilking his wealthy grandmother a former j. P. Morgan Financial Advisor has been barred from the industry after being accused of trading his grandmothers assets without her knowledge so federal banned him and he had apparently put 80000000. 00 5 of her pension or her Retiremen
Wave of rockets being fired. Into into israel the long longer range rocket. Before done. Before the rockets over the course on brigade that israel is carried out. Another. Strike that had one of the security internal security bases in the city which is completely destroyed the one the explosion that we heard and the previous large shock so still there is no. Positive indication that. A thief fire could be reached very soon. It was a tense situation on the streets of israels mixed palestinian israeli towns and neighborhoods rights broke out in the city of near tel aviv heath prayers are also being held at the al aqsa mosque in occupied East Jerusalem after days of violent confrontations between Israeli Forces and palestinians religious leaders are calling for calm on the day that marks the end of the holy month of ramadan. Lebanons imposing a nationwide lockdown on thursday and friday to control any crowd of virus spread over the holiday restaurants and cafes will be closed and places o