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Keiser Report: Devil's Deadly Derivatives
Russia Today
Published on Jan 17, 2013
In this episode, Max Keiser and Stacy Herbert discuss the risk of toxic derivatives, annoying neighbors and Glenn Beck's 'libertarian' paradise. They also discuss the belief that markets can predict stock prices, which they can't. ... unless they're rigged, which they are. In the second half of the show, Max Keiser talks to Nick Dunbar, author of The Devil's Derivatives and Inventing Money and journalist at Bloomberg, about the Escher painting that is the global derivatives market where bankers are trading an option on an option that is a bet upon a bet upon a bet on a bet on a bet upon which there may be no collateral.