Our own Joe Weisenthal was on the Keiser Report talking about the Magnetar trade, soaring bank profits, and China’s growth story.
- 13:45 Magnetar is an example of a fund that convinced investors that they were one way on a CDO of mortgages, when they were actually playing the other.
- 15:35 Banks seem to be doing fine, but largely thanks to easy money and an extend & pretend attitude towards loans.
- 17:40 China’s growth is amazing, Wall Street might call it decoupling, but this doesn’t mean its sustainable.
- At the end, a discussion of the KFC double-dip.
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