Archive for March 2012
Paul Christopherson has Wall Street to thank for his charmed life. After years as an analyst at Bear Stearns, he co-founded an institutional equities research firm that sold in 2008 for millions. He could be one of the villains the Occupy Wall Street crowd was protesting, except that he too sees the evil that lies within our financial system. Paul joins us to tell us his views about Wall Street, the financial crisis, and its aftermath.
Imad-ad-Dean Ahmad, spokesperson for the National Coalition to Protect of Civil Freedom, will join us to discuss allegations that the New York Police Department was carrying out illegal surveillance of Muslim students and their organizations as far removed from their jurisdiction as universities in upstate New York, New Jersey, and Connecticut, indeed all over the northeast with neither cause nor warrant.
Also, we will briefly discuss the latest recruiting technique of Anonymous, the anarchist hacker group that has been in the news over the past few years.
Will the Greek government get enough bond holders to take a 53% loss by 3 p.m. Eastern time today? We will have the results for you at 6 p.m.
Also, the guys take another look at how bad unemployment really is and how the Labor Dept. continues to misrepresent the true labor situation in America today.
The European Central Bank announced the creation of €529.5 billion in new euros this week, although they didn't actually admit that they were creating money out of thin air. Instead, they called it a "cash infusion" according to USA Today, and it took the form of low-interest loans to banks. The guys will explain why this latest round of the European version of "quantitative easing" won't be any more effective than their last round two months ago.
Plus, the precious metals markets plunged after Fed Chairman Ben Bernanke hinted there would be no more quantitative easing in this country, and they guys will tell you why.