World's biggest market collapse hinged on stock buybacks

Jared Bibler, author of 'Iceland's Secret: The Untold Story of the World's Biggest Con' discusses the collapse of the frontier market's economy and market in 2008, a chapter in financial history largely unnoticed in the US because America was going through its own financial crisis, caused by the collapse of Lehman Brothers. Bibler notes that the three Icelandic banks that imploded at that time were -- to the small country's economy -- ' the size of 300 Lehman Brothers' representing about 90 percent of Iceland's stock market as a result of stock buy-backs that are similar-yet-different to the ones Americans see happening domestically every day. Also on the show, Ted Pulsifer discusses a Piplsay.com study on how buy-now/pay-later programs are becoming increasingly popular, which may also be making them financially hazardous, investment analyst Kyle Guske of New Constructs puts a mutual fund in 'the Danger Zone," and Chuck discusses the latest twist in his annual 'Cash or candy' Halloween experiment.