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Is anybody ready yet to consider that this economic crisis may have been manufactured, and may have been in the works for years?

Oh yes...actually, have been saying for a long time; per 'what we all know' and that is this 'Democrat-now-radical-Left' Party will do whatEVER it takes, to assure their assumption of power in this next Election; including bringing our Country to it's knees - if that is what it takes. And according to any good Leftist bible - including Alynsky's/Rules for Radicals; that IS what it takes.

You can choose the 'guns'. . .or the 'power from within the system' MO (version of cooked frog - which counts on heavy use of politcal correctness) - but MO works on same principle. First DESTROY; big bang; or, 'silent', if practicalities matter. Destroy. . .then 'recreate'; recast a future.

Obama's friend - and neighbor - Weatherman, 'Bill Ayers' offered - long past Obama's eighth birthday - that his only regret is that he did NOT do more damage; more destruction. (contrast Ayers regrets, against McCain's apology/regret - albeit 'not guilty' - in Keating Five, media now uses for moral comparison). Now, as an aging terrorist; Bill allows that power from 'within' the best MO.).

Surely we can recognize the 'change we can believe' unfolding as we speak here. Whether by extreme calculations; 'happenstance'; or Alynsky 'wisdom'; or bumbling combinations; the Dems are now busy 'rewriting' a new creation myth.

Meantime, if there are still doubts. . .there is always COPUSA/communist part,usa/ website to check out and see how the 'Dem's' are doing.

Here is what their recommendations were for 'rescue' and for ~~securing~~ 'their securing' - America's future'.

A familiar 'hue and cry'. . .

SAVE MAIN STREET -NOTWALLSTREET / http://www.cpusa.org/article/articleview/985/1/123">copusamainst.link (read more here)

and the plan itself:

Any plan before Congress must:

1) Protect homeowners faced with foreclosure by restructuring mortgage rates to be in line with family income.

2) Create economic stimulus for working people and small business

3) Provide $100 billion in emergency relief to state and local governments wracked with budget cuts and diminished tax revenue

Bar CEO severance packages and cap the pay of executives receiving a bailout

5) Regulate banking and finance with transparent public oversight

6) Maintain public control over monopolies like Fannie Mae and Freddie Mac that have a decisive role in the economy

7) Control speculation and increase revenues by taxing large financial transactions

8) Ban predatory lending and cap interest rates on all types of debts

9) End the war in Iraq, which is draining $700 million a day from public coffers

Developments are moving quickly and their full impact has yet to be felt, but let's make sure that American workers—those who made this country rich—do not further suffer at the expense of the financial elites, those who have created this crisis.

Call Congress today! Tell them no blank check for Wall Street!

National Board Communist Party USA

What the media and others are saying about the Communist Party. Save Main Street Not Wall Street! by CPUSA, 09/22/2008 17:32 Statement of the Communist Party USA

1994 seems to be when the first seeds for the financial weapons of mass destruction were planted. There is no regulation to date of these “newer” financial instruments that were designed to get around sensible banking regulations of having capital reserves to back up your institution.

Snipped from http://www.newsweek.com/id/161199

Holed up for most of the weekend in a conference room at the pink, Spanish-style resort, the JPMorgan bankers were trying to get their heads around a question as old as banking itself: how do you mitigate your risk when you loan money to someone? By the mid-’90s, JPMorgan’s books were loaded with tens of billions of dollars in loans to corporations and foreign governments, and by federal law it had to keep huge amounts of capital in reserve in case any of them went bad. But what if JPMorgan could create a device that would protect it if those loans defaulted, and free up that capital?

What the bankers hit on was a sort of insurance policy: a third party would assume the risk of the debt going sour, and in exchange would receive regular payments from the bank, similar to insurance premiums. JPMorgan would then get to remove the risk from its books and free up the reserves. The scheme was called a “credit default swap,” and it was a twist on something bankers had been doing for a while to hedge against fluctuations in interest rates and commodity prices. While the concept had been floating around the markets for a couple of years, JPMorgan was the first bank to make a big bet on credit default swaps. It built up a “swaps” desk in the mid-’90s and hired young math and science grads from schools like MIT and Cambridge to create a market for the complex instruments. Within a few years, the credit default swap (CDS) became the hot financial instrument, the safest way to parse out risk while maintaining a steady return. “I’ve known people who worked on the Manhattan Project,” says Mark Brickell, who at the time was a 40-year-old managing director at JPMorgan. “And for those of us on that trip, there was the same kind of feeling of being present at the creation of something incredibly important.”

Like Robert Oppenheimer and his team of nuclear physicists in the 1940s, Brickell and his JPMorgan colleagues didn’t realize they were creating a monster. Today, the economy is teetering and Wall Street is in ruins, thanks in no small part to the beast they unleashed 14 years ago. The country’s biggest insurance company, AIG, had to be bailed out by American taxpayers after it defaulted on $14 billion worth of credit default swaps it had made to investment banks, insurance companies and scores of other entities. So much of what’s gone wrong with the financial system in the past year can be traced back to credit default swaps, which ballooned into a $62 trillion market before ratcheting down to $55 trillion last week—nearly four times the value of all stocks traded on the New York Stock Exchange. There’s a reason Warren Buffett called these instruments “financial weapons of mass destruction.” Since credit default swaps are privately negotiated contracts between two parties and aren’t regulated by the government, there’s no central reporting mechanism to determine their value. That has clouded up the markets with billions of dollars’ worth of opaque “dark matter,” as some economists like to say. Like rogue nukes, they’ve proliferated around the world and now lie hiding, waiting to blow up the balance sheets of countless other financial institutions.