Eh. This isn't a conspiracy. It is clearly a blatant, brazen attempt at a full takeover of both companies. It is along the lines of Citibank claiming that Wells Fargo owes Citi the entire market cap of Wells Fargo because they supported Wachovia bank for 7 to 10 days as they made and basically were approved to have bought WB. (Then Wells swooped in)
The gov't is basically saying we own you because you had access to our funds.
Period.
Problem is, the companies never needed their funds. The accounting proves it. Enron, WCOM, KM, Etc. went under due to lack of liquidity. That is ultimately how companies go bankrupt. Can't pay the bills. That didn't ever happen.
Could it have if everyone decided not to buy any MBS paper? Maybe....
We will never know because the MBS they issued was the best on the street.
Even though some of the garbage in their was misrepresented.
There is also no conspiracy needed when it comes to handing all of the business to the largest money center banks. Every proposal makes it clear to the smaller lenders that they will be muscled out and forced to be on the sidelines. They have sent letters expressing that very concern.
No conspiracy needed. It is all telegraphed and openly stated in many ways quite clearly.
Don't listen to me. Listen to the FCUA, Community banks and countless congressional leaders. Ask Rosner. Ask Howard. Ask people who know how pols are funded and jobs are garnered after "public service"....