it's interesting, in the youtube comments under the anti-fed vid you posted, someone suggets the debunking info posted on publiceye.org, where they quote the typical edward flaherty piece the website's mission is as follows: "Political Research Associates is a progressive think tank devoted to supporting movements that are building a more just and inclusive democratic society. We expose movements, institutions, and ideologies that undermine human rights." it's interesting that this populist org believes credit bubbles, systemic wealth transfer, paying to print our own money, and strong private influence over its supply help build a more just and inclusive democratic society. i feel like i've seen it all now was reading yesterday that BSC was leveraged to 13 trillion in derivatives on 80 billion in assets. exactly what sort of progressives support the facilitation and socialization of that kind of risk?
I never knew that Goldman Sachs was chartered to do anything but whats in the best interest of itself and its shareholders. Certainly had it been in their best interest to help Bear out they would have, but it obviously was not.
they always seem to manipulate the markets with timely releases of information. i don't know if they have big interests like when they claimed there would be intervention in the US dollar a few weeks back. i assumed they were trying to dump some US dollar exposure after a run up. they must send a ton of escorts to the SEC
Indeed! But the Bear should have known better. Who better to recognize a swindler than another swindler? This game has been played on Wall Street since the first meeting under the buttonwood tree. Why would anyone be surprised to learn that GS sold BSC down the river?
Yes, according to Whatchamajiger Lewis' book (Was it "Liars Poker") it was Ranieri that came up with the idea of slicing and dicing mortgages.
Subprime "Poker" will probably be the sequel to Liars Poker. What is new under the sun? Same stuff different generation.