IMF advisor says we face a Worldwide Banking Meltdown
Fat Cats insist on every increasing pay awards
Dr. Robert Shapiro who advised Presidents Clinton and Obama and who currently advises the IMF predicts a cascading meltdown of the World's banking system starting with Sovereign debt in the Eurozone, affecting the UK then finally bringing down the global banking system.
The clip was aired October 5, 2011 on the popular News show Newsnight with the corporation's top interviewer Jeremy Paxman.
Maybe its just me but doesn't Dr. Shapiro remind you of the Walter Matthau—Prof. Groeteschele character in the movie "Fail Safe?"
Max Keiser explains how banks are part of problem by benefiting from Casino activities.
Market Analyst predicts bank failures unless hundreds of billions of Euros are injected now.