pharma

Securitization Shuffle - Source of This Meltdown

I was enjoying reading the basic article and comments.

We can argue about many things but some facts are unquestionable:
- Thanks to the mortgage-securitizatio... business, the entire world economy is in a very serious danger and the US economy is facing a catastrophe

- The mortgage-securitizatio... process has used outright fraud in security risk rating processes. Closed to junk quality security packages were rated as AAA-quality.

- The Wall Street and its operatives deliberately moved around and hided mortgage associated risks. Consequently, "good business practices" were deliberately killed to open doors to further fraudulent activities like "liar loans".

Summary
The Wall Street instead of being a financial intermediary for the US business activities tried to run the economy and has failed miserable in doing so.

In my opinion , the Wall Street has created a new mortgage-securitizatio... ponzi scheme.

Finally, trying to save iBanks, the Fed are about to ruin US$ and the US economy.

Bear Stearns’ Bailout by the Fed, JPM: A Century Old Conspiracy

"Of course no one can present any facts about this so-called conspiracy because there is no conspiracy."

Wowed by Fed, do you need a signed by Fed Chief confession?

Fed is NOT a part of the federal government. Fed is a private entity. Therefore, it defends and promotes special interests of its members [that is major banks].
Do you need any other proof?

Bear Stearns’ Bailout by the Fed, JPM: A Century Old Conspiracy

"if you do not trust the politicians, who do you vote for?"

The answer is simple: I vote for the least evil or don't vote at all.

Bear Stearns’ Bailout by the Fed, JPM: A Century Old Conspiracy

Just a brief note.

What a coincidence:

- In 1913, the Federal Reserve Act was passed. The banking cartel was born with the full protection of our own government as its partner.

- The First World War started in 1913

Bear Stearns’ Bailout by the Fed, JPM: A Century Old Conspiracy

"How about all the other central banks in the world, are they also conspiring with the US Fed?"
No, but they have their own governments to "guide" them in a "right" direction.

During the last few years, US iBanks distributed to their employees and owners through compensations and bonuses well over $100B. Not bad.

Closely working with hedge funds, iBanks rip off zillions $$$ from the US economy and its citizens. Good many hedge funds managers were getting billions dollars in annual compensations. Did these people do anything useful to the society in general? Hell no!

This time, these "rubber barons" did not rip off just Americans. This time, they rip off the entire world.

Consequently, the era of US dollar, as the world reserve currency [or a very useful credit card for the US government], is about over. The USA may have a huge domestic trade deficit but US foreign trade deficit is about to shrink dramatically. Not too many will be ready to extend credit to a thief.