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Debt Relief – Insolvency – Bankruptcy Information » Bankruptcy Help » Nomi Prins on Derivatives, Banking Mafia and the Goldman Boys Club (11/29/11)

Nomi Prins on Derivatives, Banking Mafia and the Goldman Boys Club (11/29/11)


To watch more visit us @ www.youtube.com twitter.com European finance ministers were meeting today to try and avert disaster, while we’ve seen us president barack obama this week reportedly pressuring european leaders to resolve the eurozone debt crisis by whatever means necessary. Meanwhile, right under washington’s nose, Fitch ratings agency has put the government on a negative outlook after the super committee tasked with finding ways to cut America’s deficit proved a “super failure.” Also, we speak with author and activist Nomi Prins about revelations from the bank of international settlements that notional OTC derivatives have now reached all-time highs of 708 trillion dollars. This is over 100 trillion dollars more than the notional amount 6 months ago. We also ask Nomi about recent revelations that then secretary of the treasury Hank Paulson provided inside information about the nature of the government’s soon to be intervention in fannie mae and freddie mac to a select group of hedge fund managers and friends. Take this with the ever unfolding scandal of Jon Corzine and the missing billions from MF Global, and you have more signs of crony capitalism, fraud, embezzlement and insider trading everywhere. We also cover the bankruptcy of American Airlines’ parent company AMR in the last part of our show.

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24 Responses to "Nomi Prins on Derivatives, Banking Mafia and the Goldman Boys Club (11/29/11)"

  1. TheLiight1 says:
    But they still doing it!
    Putting derivatives together and selling it to the bright minds, that refuse to study the situation.
    You being taken!!!
    They don´t care about you!
    They don´t care if you know!
    They don´t care if you understand!
    Thye own you!
  2. Stevie68000 says:
    France President, Nicholas Sarkozy —- Jew
  3. ht3oldnavy says:
    Hey obama , even though the banks have you by the jewels you still have the power of arresting them under the RICO act. look it up…RICO, I mean really, arent the guys doing this crap done by dirty politicians, crooked CEO’s, lobbyist considered organized crime?
  4. Rock3t138 says:
    Hey Obama, hey US Marine, hey Lawenforcement, HEY HOMELAND SECURITY, MAY DAY, MAY DAY, we are being overthrown through FRAUD. Our nation is being RAPED. This should be illegal to create this debt and hand it to The People. I smell that Dirty Bitch The Queen of England, and her drooling banker terrorists The DeRothschilds. Where is Obama, on vacation AGAIN? Arrest these bakers TODAY, not tomorrow. How dare the U.S. citizens mock occupy while this SHIT FRAUD is happening. Stop the derivative FRAUD
  5. sabu85 says:
    it’s funny that things like future contracts and cds’ were invented to stabilize prices and reduce risks…
  6. Stevie68000 says:
    Enemy of Greece, Ireland,Italy,Spain & USA- Jew

    1.Goldman Sachs CEO, Lyold Blankfein- Jew

    2.IMF Deputy CEO, John Lisky- Jew

    3.Ex IMF CEO, Dominic Strauss-Jew

    4.World Bank CEO, Robert Zoellick-Jew

    5.Ex World Bank CEO, James Woolfesen-Jew

    6.Fed Chairman, Ben Bernanke-Jew

    7.Ex Fed Chairman, Alan Greenspan-Jew

    8.Obama Treasury Secretary, Tim Geithner-Jew

    9.George Bush Treasury Secretary, Hank Paulson-Jew

  7. Stevie68000 says:
    Enemy of Greece, Ireland,Italy,Spain & USA – Jew

    1.Goldman Sachs CEO, Lyold Blankfein – Jew

    2.IMF Deputy CEO, John Lisky - Jew

    3.Ex IMF CEO, Dominic Strauss-Jew

    4.World Bank CEO, Robert Zoellick-Jew

    5.Ex World Bank CEO, James Woolfesen-Jew

    6.Fed Chairman, Ben Bernanke-Jew

    7.Ex Fed Chairman, Alan Greenspan-Jew

    8.Obama Treasury Secretary, Tim Geithner-Jew

    9.George Bush Treasury Secretary, Hank Paulson-Jew

  8. TheEricleeparker says:
    @obamaizmanchurian im watching it at the same time im listening to this
  9. TheEricleeparker says:
    can someone give me a simple explanation of what derivatives are?
  10. bullshit3118 says:
    @PeoplesGeneral Ohhhhh what do we have here, a lawyer? lol RT’s platform is freedom of speech. However, I believe in natural law buddy boy. Dont wiseguy me like your my legal tutor you pedantic fruitloop.
  11. onecoolstorybro says:
    lol why do you hammer the $708trn number if its NOTIONAL. considering it comes out to around 1/50th of that when netted out, its not that big of a deal. counterparty risk is much more of a bigger deal, and making sure there arent other MFglobals hiding in the midst.
  12. PeoplesGeneral says:
    @klimlib NO COUNTRY is a real champion for Freedom and Liberty… NO COUNTRY AT ALL. Otherwise there would be millions more Native-Americans alive today, and Blacks would not feel the pain of their ancestors being enslaved.

    Also, try not to confuse “democracy” (rule by the majority, in which a minority can be oppressed) for Freedom and Liberty.

  13. PeoplesGeneral says:
    @bullshit3118 Try not to confuse your Civic Freedoms with online privileges … Unless RussiaTodays many channels are part of the US government, they’re allowed to do whatever they want as a news company, just like you can delete comments on your YouTube Channel as a private individual.

    MSNBC/CNN/FOX would probably do the same thing if you or I posted things there that those channels did not like.

  14. klimlib says:
    @bullshit3118
    OK. I agree with moral appeal, but you can not beat mafia without insiders.

    And, abt deleting your comments, Russia have never been champion of democracy.

  15. bullshit3118 says:
    @klimlib That’s like saying David Corzine was once a professional…now he’s a non-professional chillaxing with 1.5 billion dollars of client monies in the Caymans on his yacht.
  16. bullshit3118 says:
    @bullshit3118 Another comment removed….RT equals free speech news!
  17. obamaizmanchurian says:
    gotta go to redtube after watching this
  18. ramjamflimflam says:
    Our leaders, the robber-barrons and monolithic powers are playing monopoly and using our blood, sweat and tears to fund it.
  19. BurnIt1000 says:
    Best, most objective financial news program going.
  20. zentonil says:
    Great question for Nomi, Demetri!
  21. bweazel says:
    @optionsupdate “Capital Account airs weekdays at 4:30pm Eastern” From their youtube page.
  22. Stevie68000 says:
    Enemy of Greece, Ireland,Italy,Spain & USA – Jew

    1.Goldman Sachs CEO, Lyold Blankfein – Jew

    2.IMF Deputy CEO, John Lisky - Jew

    3.Ex IMF CEO, Dominic Strauss-Jew

    4.World Bank CEO, Robert Zoellick-Jew

    5.Ex World Bank CEO, James Woolfesen-Jew

    6.Fed Chairman, Ben Bernanke-Jew

    7.Ex Fed Chairman, Alan Greenspan-Jew

    8.Obama Treasury Secretary, Tim Geithner-Jew

    9.George Bush Treasury Secretary, Hank Paulson-Jew

  23. MrStevepfi says:
    Can you do a report on what happen with MF global?
  24. MrStevepfi says:
    Appreciate the great Interviews Lauren. Also appreciate “word of the day.” Its been awhile since Finance Class.

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