This time Max Keiser and co-host Stacy Herbert examine the qualities of a banana republic and also look at the scandals of Lehman’s alter ego; Magnetar’s binary bets; and JP Morgan’s sacred contracts. In the second half of the show, Max talks to Business Insider’s Joe Weisenthal about the Magnetar Trade, record bank profits, CantorX [...]

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European markets drop sharply in early trading LONDON (MarketWatch) — European stock markets dropped sharply in early trading Tuesday after a weak session on Wall Street and heavy losses in Tokyo. Banks were among the biggest fallers, with Barclays falling 2.9% in London. French retailer Carrefour dropped 1.5% in Paris after reporting its first-half results, [...]

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