[KR882] Keiser Report: ‘Concrete Club’ of Banking Sector

We discuss the ‘Concrete Club’ of the banking sector as RBS announces an eighth year of losses after yet more fines for yet more ‘bad conduct.’ In the second half, Max interviews Taiwanese shipping tycoon Nobu Su about the lawsuit he’s filed in Singapore against RBS for billions in losses on swaps.

227 comments on “[KR882] Keiser Report: ‘Concrete Club’ of Banking Sector
  1. ronron says:

    @Flopot. too be honest. i don’t follow plane story’s.

  2. Vonda Bra says:

    @ Flopot

    re: its publication has a curious history. …

    INDEED ..INDEED!! :-)

    nn! :-)

  3. poopysnot says:

    City, county bicker over poop trucks
    March 2, 2016

    The Little Miami incinerator, located at the treatment plant on Kellogg Avenue in the East End, fell out of compliance with federal standards last year and must either be upgraded, rebuilt or replaced with a different kind of facility that can dispose of the tons of waste that arrive there via the sewers each day.

    If the incinerator can’t be saved, the county might have to transport tons of dried human waste in dump trucks to the Mill Creek Incinerator in Lower Price Hill or the Rumpke landfill in Colerain Township.

    Mayor John Cranley wants county commissioners to sign off on construction of a $16 million sewage digester that would turn the human waste into fertilizer suitable for farms. He said the facility, which would be built near the incinerator’s current location on Kellogg Avenue, is the best and least expensive option…

    …If regulators balk, or if the city and county can’t work together, the trucks could be rolling soon. As many as seven dump trucks a day might be needed, at an annual cost of $2 million to $4 million.

  4. ronron says:

    @poopy. your the shit. :-)

  5. poopysnot says:

    @ronron – ..farted when I found that one :)

  6. YoLithos says:

    @ronron – Islamic cattle futures?
    Where did an idea like that come from? Ôo

  7. YoLithos says:

    Max after Mahatma Gandhi : “A Department of Justice? I think it would be a good idea.”

  8. YoLithos says:

    As memorably reported in the Episode.
    Ain’t Misbehavin’” -> “Ain’t Misconducting”?

    IMW(orthless)O, misbehavin’ sounds like much more fun. And way more honest.

  9. poopysnot says:

    Steve St Angelo: Continued Increase in Silver Eagle Buying
    The Daily Coin – Mar 2, 2016

    Ronald Stoeferle – New Book: Austrian School for Investors
    1) https://www.youtube.com/watch?v=uyuQxQngtY4 3min.
    2) https://www.youtube.com/watch?v=0bMzM-NVnsQ 4min.
    Financial Sense – Mar 1st&2nd, 2016 (previews)

    ..nite all*

  10. YoLithos says:

    Citibank makes a scene out of leaving Brazil.
    Barclays out of Africa. With similar aplomb.
    This is getting flashy.

  11. YoLithos says:

    If they’re that overwhelming while suffering from all the horrendous inefficiency of all that centrally planned state intervention inspired and directed production. Is it really a good idea to force them to see the light and become immensely more productive and efficient, resulting in even greater production, with higher quality, lower prices, and adaptability rates on the order of greased lightning? All in order to overcome the interventionist protective retaliatory tariffs set up to protect the lethargic old industrial porkbase?
    Imagine that.
    “… Chinese steelmakers have received the most attention because they have the ability to disrupt the U.S. market. Their prices tend to be 20% to 50% lower than anybody else’s, say steel traders. And because the volumes of its exports are so massive, Chinese steel is ending up everywhere. China last year exported more steel—100.4 million tons—than any other country except Japan produced….”

  12. YoLithos says:

    Not exactly like the USSR having to import everything, is it?

  13. YoLithos says:

    And just a couple of months back specialists were crying out loudly about how inefficient and low quality / low tech their crony ideologically starry-eyed municipalized iron and steel production was. And how it wasn’t really good enough to dependably supply the market. Subsidies or no subsidies. How amazing.

  14. Vonda Bra says:


    V – Guerrilla Update: 03/02/2016

    In today’s Guerrilla Update, V covers the latest run down from the economic world and paradigm altering events. Don’t forget the latest banker deaths.

    https://youtu.be/6mQqikxL_t0 (26)


  15. poopysnot says:

    James Turk & Chris Waltzek – March 2, 2016

    UBS France Confirms it Is Under Investigation for Alleged Witness Tampering
    March 3, 2016

    Global Central Banks Continue Longest Gold-Buying-Spree Since Vietnam War

  16. Capt. Ray says:


    Just realised what Mr Su tried to say;

    That time wise and amount wise his money (under disguise of investments gone wrong) is used to prop up bank “balance sheet”…

    That’s a pretty bold statement on one side, and if true, a pretty bold act on the other.

    Hmmm… Crazy!

  17. poopysnot says:

    Swiss Parliament Decides to Withdraw The Application to Join The EU – Lukas

    Fresh Recession Will Cause Eurozone Collapse, Warns Swiss Bank
    2 March 2016

  18. YoLithos says:

    The recent enablers and facilitators retired were rigging instruments in the wider circle of “market makers”. And one was the guy who went around buying out everything that could or even couldn’t. And the stash moves on..

  19. YoLithos says:

    @Stacy Herbert’s post on the Saudi squeeze right next to the Trompe and that great gloria liedere pic. Now just imagine him in a royal Saudi headdress. Presto. Reality.

  20. poopysnot says:

    Another Private-Equity LBO Queen Bites the Dust
    by Wolf Richter – March 3, 2016

    Sports Authority Files For Bankruptcy
    wochit Business – Mar 2, 2016

    Herbalife Stocks Plummets After Company Admits Its New Member Data Was Cooked And Overinflated

    Yu Zhengsheng calls on CPPCC members to advise on the 13th Five-Year Plan
    CCTV News – Mar 3, 2016

  21. YoLithos says:

    Re Herbalife – (@poopysnot)
    Herbalife is becoming slightly superfluous. Less and less people can afford food. Getting off GMOs and pesticides goes a long way to reducing obesity – and a host of other ailments. And pretty good permaculture setups can be had for less than the cost of their product ‘packs’. Without the fundamentalist cult near harassment that comes with Herbalife and their like. For some people that’s a plus. Maybe for most people.

  22. YoLithos says:

    They should offshore their focus to someplace like China or its vicinity. The middle classes there are consuming a lot more cardboard.

  23. YoLithos says:

    And the competition is easy. Unless they get declared a cult and get kicked out. If they run fast enough. :D

  24. YoLithos says:

    Shirley they jest?
    Ready to lose a few more rights and for more invasive harassment?

    “You’re one of us or we don’t give a damn”?
    The Fidel gambit?

    Since, obviously it’s the mass media that is the problem. Then comic books, video games, and social media. Then the internet. Then looking anywhere but down.

    Still haven’t opened this one, but it ought to be amusing.