Max Keiser and Stacy Herbert discuss the looming crisis as investors chasing yield have piled into obscure and less-liquid assets leading to sell-offs in the more liquid markets during panics as investors sell what they can. They also discuss Fannie Mae & Freddie Mac and the FHFA (Federal Housing Finance Agency) lowering bank obligations on buybacks in order to spur more subprime lending. In the second half, Max continues his interview with Mitch Feierstein of PlanetPonzi.com about financial markets on the precipice.
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Read more about Keiser Report: Market Cycle Horrors (E670)