xsuddensam

'The Shallowest Generation': A Rebuttal

The author says:

"Quinn’s screed then descends into an indictment of government, corporatism, and so forth, blaming Bush and Bernanke. The jury’s still out on who or what caused the meltdown. "

If you can't figure out who or what caused the financial meltdown, you need a lesson in what constitutes fraud. This is not rocket science. From what we know of the behavior of the loan originators to the investment banks and their complying rating agencies, any reasonable person can come to the conclusion that material facts were intentionally obfuscated. The re-packaging and fraudulent ratings of securities and the trillions of dollars of murky credit default swaps built into a Ponzi scheme pyramid epitomizes this blatent criminal behavior.

The greedy perpetrators will never be brought to justice as long as there are apologists like you who refuse to see the dark side of the cozy relationship between the politicians and Wall Street.