Oct 20 2009, PBS frontline the warning.
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I thought publicly funded tv was the work of the anti-christ?!
We should all watch fox. Nice fast cuts that make your head spin and pretty colors. Don't forget the loud zippy sounds. Makes it appear every opinion uttered is breaking news.
Who wants news and good journalism that is drab and boring?
We should all watch fox. Nice fast cuts that make your head spin and pretty colors. Don't forget the loud zippy sounds. Makes it appear every opinion uttered is breaking news.
Who wants news and good journalism that is drab and boring?
Incredible, very good show, Greenspan the best actor in real life, he knew exactly what he was doing, and chose to do it even he knew it is wrong.
If GS didn't think it would get money from AIG without government bailout, would GS have pursued these CDS in the first place? The moral of story, governments shouldn't intervene with the market place at all. But, government will never leave the market alone, the temptation is so great; money and power are lethal combination.
If GS didn't think it would get money from AIG without government bailout, would GS have pursued these CDS in the first place? The moral of story, governments shouldn't intervene with the market place at all. But, government will never leave the market alone, the temptation is so great; money and power are lethal combination.
Here is a related news story:
http://www.washingtonpost.com/wp-dyn/content/article/2009/05/25/AR2009052502108.html
http://www.washingtonpost.com/wp-dyn/content/article/2009/05/25/AR2009052502108.html
Unbelievable.
Greenspan did not believe in regulating against fraud? Un$ucking believeable.
And is sounds like the banks were up to their necks in CDSs already at the end of the Regean/Bush administrations.
They did not want to have the CFTC require that the transactions be registered even at that point because it would have become clear that they did not have the reserves to back their bets back in 1994.
Without regulation and enforcement the bad will always drive out the good, because the bad DESIGNED to look better than real can, and is cheaper.
Greenspan did not believe in regulating against fraud? Un$ucking believeable.
And is sounds like the banks were up to their necks in CDSs already at the end of the Regean/Bush administrations.
They did not want to have the CFTC require that the transactions be registered even at that point because it would have become clear that they did not have the reserves to back their bets back in 1994.
Without regulation and enforcement the bad will always drive out the good, because the bad DESIGNED to look better than real can, and is cheaper.
it's anti-semitic to prosecute securites fraud
it had to destroy what was left of greenspans credibility. it is not very comforting that summers and geitner are still in positions of power in the obama administration.
what do all 3 have in common?
they're jews
we turned everything over to a bunch of jews, and we got screwed
hard to see that one coming
lol
they didnt use jew as a verb in the old days for nothing
what's hilarious, is that people will be more angry about someone pointing this out, than the fact that our whole country got screwed
that's how brainwashed people are
stealing trilions and leaving future generations enslaved to china - OK
pointing out what percent of them were jews who did it - NOT OK