madmark.myfastforum.org Forum Index madmark.myfastforum.org
Fuck the system!
 
 FAQFAQ   SearchSearch   MemberlistMemberlist   UsergroupsUsergroups   Join! (free) Join! (free) > 
 ProfileProfile   Log in to check your private messagesLog in to check your private messages   Log inLog in 


It's the Derivatives, Stupid! Why Fannie, Freddie and AIG Ha

 
This forum is locked: you cannot post, reply to, or edit topics.   This topic is locked: you cannot edit posts or make replies.    madmark.myfastforum.org Forum Index -> Wherein I Attempt to Dispel Some Ignorance, Uganda, The Economy (hah!), More....
View previous topic :: View next topic  
Author Message
Mark
Site Admin


Joined: 13 Nov 2007
Posts: 1052
PostPosted: Thu Sep 18, 2008 5:15 pm    Post subject: It's the Derivatives, Stupid! Why Fannie, Freddie and AIG Ha Reply with quote
It's the Derivatives, Stupid! Why Fannie, Freddie and AIG Had to Be Bailed Out

http://www.opednews.com/articles/...UP-by-Ellen-Brown-080918-354.html

Excerpt:

....What's going on here?  Why not let the free market work?  Bankruptcy courts know how to sort out assets and reorganize companies so they can operate again.  Why the extraordinary measures for Fannie, Freddie and AIG?


The answer may have less to do with saving the insurance business, the housing market, or the Chinese investors clamoring for a bailout than with the greatest Ponzi scheme in history, one that is holding up the entire private global banking system.  What had to be saved at all costs was not housing or the dollar but the financial derivatives industry; and the precipice from which it had to be saved was an "event of default" that could have collapsed a quadrillion dollar derivatives bubble, a collapse that could take the entire global banking system down with it.
Back to top
View user's profile Send private message Send e-mail
Jah Red
Guest
PostPosted: Sat Sep 20, 2008 11:26 am    Post subject: More of Ellen Browns work Reply with quote
Her Web site is http://www.webofdebt.com
Back to top
Display posts from previous:   
This forum is locked: you cannot post, reply to, or edit topics.   This topic is locked: you cannot edit posts or make replies.    madmark.myfastforum.org Forum Index -> Wherein I Attempt to Dispel Some Ignorance, Uganda, The Economy (hah!), More.... All times are GMT - 7 Hours
Page 1 of 1

 
Jump to:  
You cannot post new topics in this forum
You cannot reply to topics in this forum
You cannot edit your posts in this forum
You cannot delete your posts in this forum
You cannot vote in polls in this forum

Card File  Gallery  Forum Archive
Powered by phpBB © 2001, 2005 phpBB Group
Create your own free forum | Buy a domain to use with your forum