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To: Yollopoliuhqui

you speak like you think the crash was an accident and due to players in the system being asleep...i believe the crash was intentionally timed and orchestrated as the pre-election surprised to win one for the black one!


13 posted on 08/01/2010 8:26:37 AM PDT by ldish (Looking forward to Independence Day)
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To: ldish

The only thing wrong with your analysis is that nothing was done covertly, all the indicators were public knowledge years in advance and Wall Street HAD to be asleep because being unaware of the danger of DERIVATIVE speculative investment and bad loans bundled with good, then insured past any possibility of covering losses which got the loan packages a AAA rating, absolutely indicates an industry full of sleepwalkers.

Nobody saw it coming because nobody WANTED to see it coming, which is a sad fact of economic awareness on the part of people who should have known better and were in a position to raise alarms years before this hit the fan.

Derivative speculative instruments create bubbles and should be heavily regulated if not outlawed. Those bad loans should have been written off and their losses suffered AS THEY OCCURRED instead of being bundled, insured and resold as AAA; a ticking time bomb.


17 posted on 08/01/2010 9:04:48 AM PDT by Yollopoliuhqui (consciousness is a heads up display)
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