Pentagon Study: ‘08 Financial Crisis May Have Included Work of Finanical Terrorists (Congress, lawyers)
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Lobbyists, special interests, unions, corporatists, lawyers, politicians, brokers, traders, CEO's, all the big whigs--those are your culprits. Not some made up boogeyman.
I see you don't have an interest in the report. I know it is long, but it is very informative. The report talks about the things you just did too, but there are/were other forces at work that had more of an impact.
And exactly HOW did they pull off this masterful tour de force?
How did they get American consumers to take on more debt and second mortgages on their homes to finance consumption?
How did they get the largest financial institutions not only in the United States but all over the world to buy securitized financial instruments like collatorized debt obligations, and credit default swaps?
How did they get ratings agencies to do such a poor job of evaluating the risk of these financial instruments?
How did they get mortgage brokers to push adjustable rate mortgage on home buyers do did not take the time or effort to become aware of how harmful these mortgages were just to get a home sale approved.
How did these nefarious forces create markets for these instruments that were not fully transparent and get the same financial institutions to trade these instruments with EACH OTHER?
How did they get Americans to buy homes in record numbers and in many cases buy homes that these people could not afford?
I'm really eager for you to explain just how they masterminded all of this.
And exactly HOW did they pull off this masterful tour de force?
How did they get American consumers to take on more debt and second mortgages on their homes to finance consumption?
How did they get the largest financial institutions not only in the United States but all over the world to buy securitized financial instruments like collatorized debt obligations, and credit default swaps?
How did they get ratings agencies to do such a poor job of evaluating the risk of these financial instruments?
How did they get mortgage brokers to push adjustable rate mortgage on home buyers do did not take the time or effort to become aware of how harmful these mortgages were just to get a home sale approved.
How did these nefarious forces create markets for these instruments that were not fully transparent and get the same financial institutions to trade these instruments with EACH OTHER?
How did they get Americans to buy homes in record numbers and in many cases buy homes that these people could not afford?
I'm really eager for you to explain just how they masterminded all of this.
Take the time and read the report. You might learn something. All of your questions are answered in the report.
Like a broken clock even SourD can stumble upon an interesting thread idea once a blue moon.
The study is interesting and certainly points to the need for greater regulatory control over financial markets. If folks can get beyond the threads author, and I know how difficult that can be, I think that it is an interesting read.
Like a broken clock even SourD can stumble upon an interesting thread idea once a blue moon.
The study is interesting and certainly points to the need for greater regulatory control over financial markets. If folks can get beyond the threads author, and I know how difficult that can be, I think that it is an interesting read.
regulatory control really had nothing to do with the greater picture. The DoD believes there were operatives from those mentioned countries that were working in Wall Street and some other giant financial institutions that helped all of this along. That is the DoD saying that, not me.
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