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Name:
Matt
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The Crash of 2008 is Mariposa Media's forthcoming documentary bringing you the truth as to why the stock market crashed in 2008. I will be providing updates to you on this crisis via this youtube channel.
Email me with questions. The truth is out there!
Email me with questions. The truth is out there!
About Me:
I obtained a Series 7 stockbroker license in the 1980s and was a market maker of derivative instruments in 1987, shortly before the 1987 stock market crash. I have read and reviewed hundreds of internal Federal Reserve research papers from various Fed branches, most typically from the Kansas City and Atlanta branches.
I am now deeply immersed in documentary film, a very rewarding calling indeed, far removed from the office pressures to sell junk bonds to unwitting seniors. (Fortunately, I never succumbed to those pressures!)
Country:
United States
Companies:
Mariposa World
Hobbies:
Documentary Film
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This stupid philosophy led hundreds of millions worldwide to think that housing prices could ONLY go up and was an epistemological cause for this catastrophe. The notion of inflation and eternally rising prices is an extremely pernicious, avaricious approach to both life and the economy and to the extent that deflation can exterminate such folly, such benefits MUST be factored into any cost/benefit analysis of nominal price declines.
That was the Gordon Brown approach. But Obama is very closely tied to his Chicago masters. Remember his CHIEF accomplishment in the Senate was that he was CRITICAL in preserving the taxation rate of mammoth hedge fund manager salaries at no more than 15%, the capital gains rate.
THAT'S what he did during his Senate tenure. He singlehandedly preserved that massive and pathetic loophole for his derivatives buddies.