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Predictions Throughout Keiser's shows he has been known for making predictions: * In the September 2004 issue of The Ecologist magazine, Keiser correctly predicted the 2008 collapse of Fannie Mae and Freddie Mac when he wrote, "My guess is that the two stocks that look the likeliest to implode at the hands of derivative-wielding Wall Street financial types (and other fundamentalists) preying on a US economy made weak by cheap money are Fannie Mae and Freddie Mac."[21] * In 2006 he correctly predicted that sub-prime mortgage-backed securities would be the cause of recession by 2008.[18][dead link][citation needed] * In 2007 he correctly predicted the break-down of Iceland's economy in 2008.[22] * In July 2008, accused Lehman Brothers of "trying to out-Enron Enron", accusing the bank of "Peek-a-boo accounting", an attempt to mis-report the bank's wealth by gaming the regulatory system[23].