Inside job

[SNEwx_46]

Originally Posted by mhouse2001

I still say that Wall Street is the top and government is the bottom, so to speak. Wall Street dictates and the government submits. Yes, they are conjoined at the wallet, but I say the elephants on Wall Street can be brought down by a few million mice like you and I (or is it you and me?).

I see what you're saying.

We can take them down

[gwynedd1]

He knew. My father told me he was a lefty wacko.


Lyndon LaRouche was right about the financial collapse! - YouTube


Whatever the case may be, I no longer have once source of information. He understood what going off the Bretton Woods system meant.

It still remains to speak of one of the principal causes which make diversity of opinion advantageous, and will continue to do so until mankind shall have entered a stage of intellectual advancement which at present seems at an incalculable distance. We have hitherto considered only two possibilities: that the received opinion may be false, and some other opinion, consequently, true; or that, the received opinion being true, a conflict with the opposite error is essential to a clear apprehension and deep feeling of its truth. But there is a commoner case than either of these; when the conflicting doctrines, instead of being one true and the other false, share the truth between them; and the nonconforming opinion is needed to supply the remainder of the truth, of which the received doctrine embodies only a part.

JS Mill

[gwynedd1]

He knew.

BrightSight Group: Eric Janszen


http://www.itulip.com/forums/showthr...811#post212811

[2e1m5a]

Originally Posted by SNEwx_46

I see what you're saying.

We can take them down

Hopefully sooner rather than later!

[2e1m5a]

Bump

[Tonyafd]

Originally Posted by Visvaldis

Why is the link in the OP missing?

Inside Job is available from Netflix.
It provides an understandable account of the derivative/mortgage melt down of 2008.
Wall Street bundled risky mortgages into packages that they marketed to investors. Wall Street then got the rating services to rate the packages AAA. They insured the investments with a major insurance company. People got these mortgages because the mortgages were insured and this led to a relaxed standard for the loans

Then interest rates went up. Mortgages that were $3500 a month were suddenly $5000. People started defaulting by the thousands. The underlying loans in the packages described above were failing. The losses were not bad, they were unbelievable.

Then we started losing 800,000 jobs a month. I said a month.

Capishe paesano?