Published on Dec 13, 2012
In this episode, Max Keiser and Stacy Herbert look at HSBC being fined rather than criminally charged in order to avoid destabilizing the system, while JP Morgan and others are being sued for about a trillion in bad mortgages investors were duped into buying. They also look at "1001" under which bankers who lied to the federal housing authorities could be criminally tried for lying to a federal official. In the second half, Max Keiser talks to Kyra Maya Phillips of MisfitEconomy.com about democracy aboard pirate ships of the 18th century on which No Plunder, No Pay was the name of the game and innovation happened on the fringe. Max proposes banksters walk the plank in a specially built platform in Trafalgar Square.