Basically what happened is the banks invented a new form of insurance fraud where the money launders itself between 3 and 80 times and then the government buys it from you.
Why do the frog holders keep paying the frog securities instead of owning the frogs outright when they have paid back the cost of the frog? Smacks of usury to me.
@GarlicPudding : Be careful, that's a baited punch they want. They'll talk tough until you actually punch them then they'll run to their mommies, or the police, balling their eyes out.
the rabbits foot represents part of the "bullshit" promises made by financiers to insure and then assure people that the investors were buying "top quality" assets. First he touches the rabbits foot and pays davey (AIG) for credit default insurance. (exactly what AIG was selling)
Second rabbit foot rub added AAA credit rating to the frog backed securities which was another component to the real world scenarios that this is based upon. Very accurate.
@investoradvocate Well put, in addition, those in charge of giving that AAA rating were supposed to be independent guv regulators, but turned out to to be insiders from AIG - Corps "regulating" themselves again. Of course, BRIBERY & CORRUPTION had nothing to do with it! "Fascism should rightly be called Corporatism b/c it is a MERGER of State & Corporate Powers" - B. Mussolini - father of modern Fascism. Welcome to the 4th Reich, kids! Do your duty for GovCorp- CONSUME, CONFORM & OBEY!
Basically what happened is the banks invented a new form of insurance fraud where the money launders itself between 3 and 80 times and then the government buys it from you.
Saeyabor 2 months ago
...This still makes no fucking sense.
bobmuffins 6 months ago
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I would only add the tallest buildings in most american cities are banks, and none of them have gone to jail 4 what they have done.
bohemianh 6 months ago
this explains everything!!!
cruciphile 8 months ago
Why do the frog holders keep paying the frog securities instead of owning the frogs outright when they have paid back the cost of the frog? Smacks of usury to me.
greatbookie 9 months ago
AIG was a cheap company, they didn't deserve a bail out.
wolftreetree 10 months ago
that was comedy!
stoneycartoon 1 year ago
Very clever. Good job!
idonotneedanidforyou 1 year ago 2
Who else wants to punch some AIG execs in the face?
GarlicPudding 1 year ago 14
@GarlicPudding : Be careful, that's a baited punch they want. They'll talk tough until you actually punch them then they'll run to their mommies, or the police, balling their eyes out.
WideOfVision 6 months ago
the rabbits foot represents part of the "bullshit" promises made by financiers to insure and then assure people that the investors were buying "top quality" assets. First he touches the rabbits foot and pays davey (AIG) for credit default insurance. (exactly what AIG was selling)
Second rabbit foot rub added AAA credit rating to the frog backed securities which was another component to the real world scenarios that this is based upon. Very accurate.
Look up credit default swap for more.
investoradvocate 2 years ago 10
@investoradvocate Well put, in addition, those in charge of giving that AAA rating were supposed to be independent guv regulators, but turned out to to be insiders from AIG - Corps "regulating" themselves again. Of course, BRIBERY & CORRUPTION had nothing to do with it! "Fascism should rightly be called Corporatism b/c it is a MERGER of State & Corporate Powers" - B. Mussolini - father of modern Fascism. Welcome to the 4th Reich, kids! Do your duty for GovCorp- CONSUME, CONFORM & OBEY!
kingofthebrittains 1 year ago
The only video that Mark FIroe made that is accurate.
mainestategop 2 years ago
What a lovely description. I'm not quite sure I get the metaphor of the "rabbit's foot", but it is quite amusing.
ForkInTheToaster42 2 years ago
fantastic
rexam4856 2 years ago