Truth be told, this has happened at every major “too big to fail” bank.
The true story of Freddie/Fannie that the MSM ignored went all the way to the hallways of the white house and congress. Big time rat politicians got great jobs - cooked the books - and got huge bonuses.
Our children were left with the tab. It made Enron look like chump change.
THey learned how to be left holding the bag from enron.
Correction - They learned how NOT to be left holding the bag from enron.
The true story of Freddie/Fannie that the MSM ignored went all the way to the hallways of the white house and congress. Big time rat politicians got great jobs - cooked the books - and got huge bonuses.
Though the failed main stream "news" media failed to tell the story, history will. It's going to be a long, ugly, convoluted story. People are going to ask one another, "What in the world were people way back then thinking?
Mass psychosis, maybe?