Followers | 23 |
Posts | 676 |
Boards Moderated | 0 |
Alias Born | 03/16/2010 |
Tuesday, May 12, 2015 8:02:37 PM
Even funnier are actors like James Woods or William Hurt who's character plays Paulson in HBO's Classic 2010 Movie
"To Big To Fail"
Yeah, so ok, all those incremental interest rates hikes you mentioned, were in desperation to slow, curb or stop what the crooks put into high gear, decades earlier starting with clueless Carters "Community Reinvestment Act" legislation back in late 70s. Banks warned about it in the 90s as a bad idea but ultimately cowed to Clinton, and Barney Frank, who enhanced and fast tracked it into a completely different monster it became, -as apposed to fear of government sanctions or prosecution for going against the law.. In other words to the Banks: -lend money to anyone, including jobless bums who want a mortgage "or else".. The only thing that delayed 08 financial crisis from happening even sooner were the '01 World Trade Center Attacks. That's when the printing presses were turned on to finance another war, minimize fear and financial uncertainty with respect to domestic economy... So Yeah, Feds 17 consecutive rate hikes piled on the way they did BC they prematurely got delayed so darn long. It's what they were seeing happening to Bear Sterns that finally scared the crap out of them in '06 to finally initiate the beginning of the 17 rate hikes from that point on. But by then it was already to late for Stearns and the house of cards began to fall.. Even President Bush warned about it in a memorable news conference about this problem in early '06 as the housing market began its downturn. He was trying to send a message to House Leader Pelosi to act, but all she and the Dems did was laugh at him.. If attacks hadn't occurred those rate hikes would've been initiated slowly back in 02-03 and continue over a 3-4 yr period to avert what the crooks already knew on a pending and festering systemic failure in the making.. Now it's all up to BYSD which has to step up its game bigger and better than ever before to save the whole world from the next phase of crookery, LOL.. think they got a PR for that?
FEATURED SMX and FinGo Enter Into Collaboration Mandate to Develop a Joint 'Physical to Digital' Platform Service To Enhance Natural Rubber Industry's Ability to Report on Sustainable and Ethical Supply Chains • Oct 3, 2024 7:00 AM
North Bay Resources Announces Assays up to 5 oz/ton Gold, 1.5 oz/ton Platinum, 0.5 oz/ton Palladium, and 0.5 oz/ton Rhodium at Mt. Vernon Gold Mine, Sierra County, California • NBRI • Oct 4, 2024 9:15 AM
Basanite, Inc. Appoints Ali Manav as Interim Chief Executive Officer • BASA • Oct 3, 2024 9:15 AM
Integrated Ventures Announces Launch of MedWell Facilities, LLC and Lease Agreement with Giant Fitness Clubs • INTV • Oct 3, 2024 8:45 AM
Beyond the Horizon: Innovative Drug Combinations Offer New Hope for Alzheimer's and More • NVS • Oct 3, 2024 8:45 AM
Transforming Alzheimer's Treatment: Innovative Combinations to Boost Cognition • PFE • Oct 2, 2024 9:00 AM