Banks & people's deposits-On the Edge with Max Keiser-06-15-2012

Jun 16, 2012
PressTVGlobalNews
In this edition of the show Max interviews Nomi Prins from nomiprins.com. It is the size of a bank holding company's deposits that dictates the extent of the risk it takes, risk 'models' not withstanding: the more deposits, the more risk, the more potential loss. And the more access to other people's money, the greater the gambling incentive. The largest banks hold deposits (people's deposits) hostage in the global game of financial warfare. Related access to capital and bailouts are enabling weaponry in the fight for worldwide institutional supremacy.