PRIME INTEREST: Monetizing Your PRIVACY and the MONOPOLY on High Frequency Trading [008]

PRIME INTEREST: Monetizing Your PRIVACY and the MONOPOLY on High Frequency Trading w/ Jaron Lanier [008] Subscribe here for more Max Keiser & Financial crisis news: Here's what's in your Prime Interest today: Game-on! That's what the big banks are saying. Club SIFI (that's regulator speak for too-big-to-fail) is going on the offense. Executives from five of the biggest banks met in private to discuss their PR problem. They also hired several former Bush and Obama administration officials to lobby Congress. Their pitch? Every additional dollar in capital they are required to hold translates into $8 to $10 less to lend. But according to the Fed, the biggest 25 banks are already sitting on over $600 billion in extra cash -- which is not being lent. From 2007 to 2008, Fannie and Freddie tightened loan standards and eventually stopped purchasing subprime loans altogether. We all know what happened next. Well, it looks like they're getting choosy again. A new rule by the Federal Housing Finance Agency, which oversees the housing giants, would take effect next January. And, it would again tighten lending standards. Today we profile Mel Watt, Obama's new nominee to head the agency. How would you like to get paid for being a facebook user? We found someone who thinks you should. We talk with Jaron Lanier, the father of virtual reality, and the author of "Who Owns the Future". In his book he makes the case of the monetization of personal information. His work as a computer science won him a position on TIME's 100 most influential people. He has worked on projects at Atari and Microsoft and founded VPL Research, the first company to sell virtual reality products. And the Dow hit fifteen thousand this week and it's up substantially again today. But have we seen the ultimate contrarian indicator? The New York Fed, no less, released a study that concludes, "stocks are about as cheap as they've ever been." Is this like when Irving Fisher said in 1929 that stocks had reached a permanently high plateau? Stay tuned, Perianne and Bob discuss the sustainability of current market trends. commodity price inflation forex currency trading fx currency trading euro converter exchange euros money currency currency rate currency converters money rate currency credit credit consolidation credit credit the capital card credit creditcard debit how do i get a credit report credit history report debit card credit rating investment capital capital investment free credit report credit line capital mortgage financial news cibc mortgage rates obama mortgage relief mortgage protection stock exchange what is apr online gold trading forex gold gold trade trade gold gold mine price of silver gold future gold funds keiser max kaiser forex investment investment forex online investment account bank how to investment funds bonds savings investments invest mutual fund mutual funds commodities hedge fund investment banking property investment investment banks finance yahoo, how to finance your money, finance 101, finance 101 wharton, finance 101 lecture, finance 1, personal finance 101, finance 240 sdsu, finance 201, finance 2014, finance 2, bitcoin finance 2014, finance 301, finance 5 program, finance 5, american economy animation, american economy collapse, american economy collapse 2014, when will american economy collapse, american economy documentary, american economy explained, american economy history, american economy may 2014, american economy shrinks, american economy today, how the american economy works, american economy 1950s, american economy 2014, global economy animation, global economic collapse, global economy documentary, global economy explained, global economy journal, global economy kagundu, global economy mean, global economy news, global economy outlook, global economy pdf, global economy ryan harvey, global economy reset, how does the global economy work, global economy zimmer, global economy 2014,