Uh, it’s not a big secret folks.
Lehman Brothers failed, and the instead of doing what was done with Bear Stearns and every other giant superbank before and after, the Government didnt guarantee it’s bad paper, didnt put it’s assets into FED temporary holding, and didnt fold it into another giant superbank.
They let it file chapter 11.
It brought down Merryl and tanked bank stocks worldwide and there was an actual avalanche at the bank of USA withdrawel window, systemwide. The FED stepped in and replenished the money by expanding its balance sheet into the trillions.
They tested what would happen if a giant superbank was aloud to fail. The answer was a giant bank run.
After this, they poured 300 billion into a few banks. Lehman would’ve cost 30 billion and was aloud to fail to stress test the system.
Rich people are converting their bad bonds into the cash that these banks are getting.
They are giving us their worthless paper in exchange.
They are handing us their gambling debts.
It is obscene.
BTTT