Thank you for posting this. Most people haven't had this situation spelled out for them in a clear, understandable manner. This was THE scene in the movie that everybody should watch. Lacrosse?
Buffett brought it down via his group Moody's giving triple A ratings to the CDOs and other derrivatives that contained the subprime loans (which Buffett himself claimed were "weapons of mass financial distructions"). The Goldman Sachs gang (Hank Paulson, Ben Bernanke, Timothy Geithner, Larry Summers, Robert Rubin, etc) faciliated legislation that made it possible via repealing the glass steagle act, then when all of Buffett's stocks got bailed out, GS rewarded him with a 10% premium.
All Americans need to to see this ! So we can understand what really was going on!
now let's be fair , to us little guys and fix the problem and give back and now its our
turn redo home loans for everybody ! EVERY BODY! ! ! !
19albert50 2 weeks ago
you work on "we were making too much money" , funny!
vadiethestar 3 months ago
Everybody in America should watch this scene.
merchan5967 3 months ago
Thank you for posting this. Most people haven't had this situation spelled out for them in a clear, understandable manner. This was THE scene in the movie that everybody should watch. Lacrosse?
laxpaint 6 months ago
Bareny Frank Chris Todd...Period
bob2779 6 months ago
Propaganda.
BrettDunbar 6 months ago
Thank you so much for posting this.
stonygirlisahoot 8 months ago
Buffett brought it down via his group Moody's giving triple A ratings to the CDOs and other derrivatives that contained the subprime loans (which Buffett himself claimed were "weapons of mass financial distructions"). The Goldman Sachs gang (Hank Paulson, Ben Bernanke, Timothy Geithner, Larry Summers, Robert Rubin, etc) faciliated legislation that made it possible via repealing the glass steagle act, then when all of Buffett's stocks got bailed out, GS rewarded him with a 10% premium.
stocktradinginvestor 8 months ago