Straight, no chaser

Chris Whalen is a buttoned up banking industry analyst, not an Internet wildman.

But lately, one of the few places he can get his analysis heard is on the Internet.

There's been a lot of talk about the Fed and its actions and the harm it's doing, but it can be hard to wrap your mind around it sometimes.

Whalen lays it out clear as glass.

Take aways:

"Big corporations are by definition fascist."

"You've always got to factor in the cowardice of the regulators."

"The politicians are bought off. We just have to say that."

Banking industry insider explains what
the Fed is doing, why it won't work,
and what the consequences will be.

Plus:

* Some choice words about Warren Buffett
* Wells Fargo's "creative" accounting
* Sympathy for Jamie Dimon
* How MF Global has ruined the business
for broker dealers
* Why banks should be allowed to fail

Must watching.

Video:

Central banks How the Fed is trashing the economy

Ken McCarthy
Real Econ TV



Central banks How the Fed is trashing the economy