Oh it’s worse than that. Hedge fund shorts like Soros, John Paulson, Flowers, D.E. Shaw etc where waiting to attack to take the banks and financial svcs companies down. Rham and Gorelnick had been at Fannie and Freddie post Clinton to por the gasoline everywhere; leave and light the match before going out the door. Summers was working at D.E. Shaw. They all knew the garbage the banks were stuffed with.
The match was lit in the late summer of 2008. The pressure in the markets to destroy these companies coul dbe magnified in Chicago at the CBOE, CBOT, CME, etc. with options, futures and credit default swaps. They wiped out the markets, McCain and made tens of billions.
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FINALLY, someone else that *gets* it. I say this over and over and others just don’t see it.
Very helpful. Thanks for saying it again.