H L Quist - The Myth Buster

Our FEATURE today focuses on a startling forecast by an established economist who calls for a major crash in the stock & real estate markets this year. Bauman cites an ex Citigroup banker who blew the whistle in 2007 on the banks over leveraged bets in the toxic debt who now states that it is about to happen again. Historical events, legislation and present market conditions lend credibility to his analysis. Bauman says there will be a hearing in Washington on August 1st to restore sections of the Glass Steagal Act that will again separate banks commercial & investment activities. This explosive market gain in the DOW of over 10,000 points can be attributed to over $5 trillion dollars that has been invested by banks during this 4 year period. Other topics include: "Long Dormant Inflation Heats Up", "Tech Stocks Shine In Rocky Quarter", Oil soars, Yuan crashes vs the US dollar, Deutsche Bank falls from grace, Lake Mead 2' from water crisis, The circle of corruption continues, The Supremes will someday