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To: gitmogrunt
My gosh...are they ever reaching! That article strains credulity beyond belief.

Now we're to believe MERS was operating from a cave in Tora Bora and all the robo-signers were Taliban members.

10 posted on 03/01/2011 7:40:54 AM PST by Chunga85 ("Foreclosure Fraud", TARP, "Mortgage Crisis", Bailout)
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To: Chunga85

Did you actually read the entire 111 page report or just Gertz’s column? If you didn’t read the actual report I can understand your comment. The report is a Defense Dept analysis of what other outside influneces MIGHT have occurred that enhanced what happened.

Your MERS comment is intellectually childish. A major part of the analysis was the Oil price increases three years ago and how much of it was possibly driven by Middle Eastern money buying up contracts to raise the value of their reserves.

The second part of the analysis concerns Bear Raids on financial stocks that were vulnerable, like Bear Stearns.

The third part is speculation about dumping Treasuries and driving down the dollar. If you’ve forgotten there was a scandal where $135 Billion of Treasuries in bearer form that were conuterfeited, but luckily found on a border inspection outside the country.

I suggest you ACTUALLY READ the whole document. It is not Pie In the Sky.


15 posted on 03/01/2011 8:05:57 AM PST by LRoggy (Peter's Son's Business)
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