Today is March 3, 2009, the dow is at $6700 and that $1 trillion exposure is estimated at $7 trillion and the CDO's are pureed into the toxic soup of nonretrievable assets. In CNBC's House of Cards, there is a section on CDO's which is execellent and I'm trying to find it on youtube. Next is coming the commercial property mortgages defaults which are even more highly leveraged.
The US Congress voted to allow Treasury Secretary Paulson to hand over to Wall Street buddies, Over 800 billion dollars, Thats for openers.
The US Treasury on their own have dispensed billions more to financial firms. The Federal Reserve, a private company owned by foreign bankers, refuses to identify who it has given the US money it has loaned out of thin air created from debt that will hobble our children and grand children
For those who want more information, watch critically acclaimed documentary, "Inside Job", narrated by Matt Damon and got 98% on rottentomatoes.
dajusta87 3 weeks ago
Today is March 3, 2009, the dow is at $6700 and that $1 trillion exposure is estimated at $7 trillion and the CDO's are pureed into the toxic soup of nonretrievable assets. In CNBC's House of Cards, there is a section on CDO's which is execellent and I'm trying to find it on youtube. Next is coming the commercial property mortgages defaults which are even more highly leveraged.
surfstomp 3 years ago
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Americans are fools to let this happen.
The US Congress voted to allow Treasury Secretary Paulson to hand over to Wall Street buddies, Over 800 billion dollars, Thats for openers.
The US Treasury on their own have dispensed billions more to financial firms. The Federal Reserve, a private company owned by foreign bankers, refuses to identify who it has given the US money it has loaned out of thin air created from debt that will hobble our children and grand children
onstageagain 3 years ago