Video: Keiser Report with Jim Rogers – Banks! Bailout! Scandal!

(RussiaToday) – This time, Max Keiser and co-host Stacy Herbert look at the scandals of real time fraud as quoted on the ticker tape; the more ‘perfect quarters’ and even more ‘missing records’ as the US government hands out tens of billions to TARP banks. In the second half of the show, Max interviews legendary investor Jim Rogers about the euro, naked short selling, and gold.

Video: Reality Report #33 – Banister on Stack, Medina Offs Beck, Ron Paul Wins, Citi Withdraws

In this edition of the Reality Report former IRS Special Agent Joseph Banister joins Gary to weigh in on Joseph Stack’s attack on the IRS building in Austin. Franchi also presents stories on Citigroup’s recent bank run prevention plan and Ron Paul’s recent straw poll victory at CPAC. We also unspin ABC’s attempts at demonizing patriots, expose CNN’s simulation, present Utah’s recent legislative action against the Federal Government and spot light on Glenn Beck’s ratings drop. Gary brands a new “Enemy of the State” and reads from the mailbag.

Citigroup Warns Customers It May Refuse To Allow Withdrawals

(BusinessInsider) – The image of banks locking their doors to keep customers from making withdrawals during a bank run is what immediately came to mind when we heard that Citigroup was telling customers it has the right to prevent any withdrawals from checking accounts for seven days.

Geithner’s Appointment Book: Taking Orders from the International Bankers

Timothy Geithner, Treasury Secretary, always takes calls from his bankster bosses on Wall Street, according to an Associated Press report.

The Economic Fallacy Of ‘Too Big Too Fail’

The onset of the financial implosion two years ago brought with it an ongoing dialogue about the ‘Too Big To Fail’ (TBTF) doctrine of government intervention into the financial sector. According to TBTF, some financial institutions, such as major insurers like AIG or large money-center banks like Citi and BofA, are deemed to be too large and too centrally interconnected in the US and world financial systems and economies to be allowed to be recognized as insolvent and taken through bankruptcy resolution.

Video: Keith Olbermann’s “Special Comment” on Bank Bailout

Olbermann calls for the firing of bank executives and more stringent bank regulation.

Video: Mclaughlin Group – Nationalizing Banks

03-06-09

Nouriel Roubini: The U.S. Financial System Is Effectively Insolvent

For those who argue that the rate of growth of economic activity is turning positive–that economies are contracting but at a slower rate than in the fourth quarter of 2008–the latest data doesn’t confirm this relative optimism. In 2008’s fourth quarter, gross domestic product fell by about 6% in the U.S., 6% in the euro zone, 8% in Germany, 12% in Japan, 16% in Singapore and 20% in South Korea. So things are even more awful in Europe and Asia than in the U.S.

MSM: U.S. Eyes Large Stake in Citi

Taxpayers Could Own Up to 40% of Bank’s Common Stock, Diluting Value of Shares

10,000 Americans Going Into Foreclosure Every Day

It’s Time to Treat America’s Homeowners as Well as We’ve Been Treating Wall Street’s Bankers

MSM: Citigroup considers fire sale as shares dive

Bank sees share price drop below $4 in New York for first time in 15 years / Pandit insists Smith Barney is not for sale

Citigroup assembled its board to “think the unthinkable” yesterday, with a fire sale or a break-up of the financial giant on the table.

MSM: Citigroup to shed another 53,000 jobs

Citi to shed about 53,000 more jobs, bringing total work force reduction to 20 percent

NEW YORK (AP) — Citigroup Inc. is shedding approximately 53,000 more employees in the coming quarters as the banking giant struggles to steady itself after suffering massive losses from deteriorating debt.

US’s sixth largest bank Wachovia looking for buyers: Report

New York/London, Sep 27 (PTI) Financial turbulence in the US took yet another toll with America’s sixth largest bank, Wachovia, starting preliminary talks with potential buyers including Citigroup, Wells Fargo and Spain’s Banco Santander, media reports say.
The reports about Wachovia looking for a bailout buyer appeared in media a day after the collapse of Washington Mutual, the biggest bank failure of US history.