Hundreds of pages of internal Morgan Stanley documents, released publicly last week, shed much new light on what bankers knew at the height of the housing bubble and what they did with that secret knowledge.

U.K. banks and other finance firms will shed another 18,000 jobs in the first quarter of 2013 after cutting 25,000 in the last quarter, according to a report by a business lobby group.

That would bring the total job losses to 132,000 since the fourth quarter of 2008, when the global financial crisis began.

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In this episode, Max Keiser and Stacy Herbert discuss David Cameron appointing former bankers to Treasury.

They look at another former banker who became a Treasury Secretary only to become a bankster - Robert Rubin - and his role in Citigroup bilking Abu Dhabi of billions.

In the second half of the show, Max Keiser talks to Reggie Middleton about Facebook, fraud and financialization.

Things that make you go hmmmmmm.........

More from 12-year old Victoria Grant....

This child tells it like it is!

She is making us grownups look really bad!

Some thoughts on the financial crisis from a group of experts on a panel discussion held at one of my alma maters - the London Business School.

A Spanish mayor who became a cult hero for staging robberies at supermarkets and giving stolen groceries to the poor set off on a three-week march on Thursday that could embarrass the government and energise anti-austerity campaigners.

[Juan Manuel Sanchez Gordillo, Mayor of Marinaleda]: "We will occupy banks because they are responsible for this crisis and some of them (bankers) should be in jail. The attorney general should intervene as well as Mrs Becerril (the ombudsman), but that is unlikely."

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Max Keiser and Stacy Herbert discuss the US empire stumbling into the City of London with a trickle down shakedown, after the "British poodle" bites the hand that feeds it.