PBS Frontline: Money, Power, & Wall Street

[OfTheCross]

When they were talking credit default swaps, unless I heard incorrectly

Ooh, I see what you're saying.

But naw, I don't think they were at all averse to risk. They were just able to create and unregulated product that gave them the greatest return on their investment.

They didn't even consider how toxic the assets were because the ratings agency's still gave them AAA grades.

 

[OsO]

This was worse than I thought. WAY worse.

7.77 trillion?! With no accountability and very little oversight? I wonder the total if we include the subsequent onslaught of QE?

And this doc makes it clear that the banks, the government, AND THE FED were all compliant in this f*ckery together. Coli economists and Fed apologists lose... again. @thekingsmen come talk yo sh*t

This thread should be upped and the doc should be required watching for all of HL... the bankers, government officials, and politicians involved in this scheme are f*cking criminals and this was an intentional hustle from the very beginning. And we just sat by and let them cook. Unbelievable.
Coli economists avoiding this thread like the PLAGUE

 

[☑︎#VoteDemocrat]

Blythe Masters