The Goldman Sachs of the world bet heavily upon lending to subprime borrowers, figgering to take over an inflationary higher home; thus, profiting upon the resale of the repo.
The housing bubble slowed down; therefore the Goldman Sachs of the world had to recoup or Bear Stearns.
So buy oil on the futures markets, have the media announce rebels in Nigeria doing this or that for oil to spike. Sell on the way up, wait for markets to calm to buy. Buy, then have the MSM announce a record hurricane season for this year, then sell on the way up, buy when the market settles down.
Bear Stearns was too, too slow to jump aboard this gravy train.
The real kick in the head is that the Fed is deflating our take-home pay by creating cheap money to loan to GS and other investment banks ... who, since they are not subject to position limits in commodities when they purchase for their clients, can loan out the money to help push commodity prices higher ... which further devalues the purchasing power of our take-home pay. So everyone who buys gas or food around the world is helping bail out the investment banks who helped create the sub-prime mess in the first place.