Streams

Sam Israel, the Secret Market, and Wall Street’s Wildest Con

Monday, August 13, 2012

Guy Lawson discusses a massive hedge fund fraud and the search for a “secret market” beneath the financial market. His book Octopus: Sam Israel, the Secret Market, and Wall Street’s Wildest Con tells the story of hedge fund manager Sam Israel, and his year-long adventure in “the Upperworld.”

Guests:

Guy Lawson

Comments [1]

Peter Talbot from Harrison, NJ

Conspiracies abound!

But the real conspiracy: Bush and Obama administrations work together flawlessly to inflate US Currency to cover massive fraudulent debts owed to foreign sovereign banks to avoid global meltdown and possible war, and then to bully all other nations into following suit to disguise the US' miserable financial controls since Glass Steagal repeal under Clinton, and then count on the taxpayers to foot the bill without even a hint of closing the back door on equitizing mortgage debt and selling plugged nickels as gold in tranches of fictional risk levels means that the markets are floating on air now.

Notice: no more talk of "mark to market"; no more discussion of Corzine's missing millions; Volcker's on the run and Goldman Sachs says all is right with the world as long as Treasury and the Fed will keep "stimulus" pumping up the money supply bubble.

If and when this bubble bursts, the result will make 1929 look like a picnic, and no one will remember who Sam Israel was.

Aug. 15 2012 03:12 PM

Leave a Comment

Email addresses are required but never displayed.

Get the WNYC Morning Brief in your inbox.
We'll send you our top 5 stories every day, plus breaking news and weather.