Cause of Stock Market Crash? Credit Default Swap Scandal
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Uploader Comments (alexhiggins732)
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great post friend... the reason why this is allowed is R federal govmt "pre-empted" state bucket laws that prevented this type of "gambling" to occur...
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credit rating does get cut when stock prices go down moron, its the other way around.
also your theory about hedge funds and financial institutions seling credit protection and then recouping profit later doesnt make sense. why the fuck would they sell CDS purposely when they are trying to purposely cause the system to meltdown. only a dumbass would sell it and the geniuses would buy it (ie aig dumbasses sell hundreds of billions in CDS and the geniuses at goldman sachs buys it).
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great video! , You explain it much better then i would have done.
pretty much what happen only now your hearing about it. The global corruption
5/5 stars
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fraud is illegal. insider trading and market manipulation is illegal.
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Wall St. may not be worth $60 trillion, there's not enough collateral to cover that. The entire subprime market is worth"$300 trillion"---no that's not even possible. according to the World's PPP is only $70 trillion.(see CIA world factbook).
Yes our government IS the problem. They should be in jail for being accomplices to the crime along with the bankers.
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Sir, I could take you more serious if you weren't dressed up like you were going door to door for Jehovah and preaching from that angle with a light behind your head.
Adjust your camera and lighting, then we'll talk.
PS - This is old new news in some circles. I was talking about derrivitves to people back in 2001 before anyone knew what they were, got out of the housing market at the peak in 2005 and invested heavily in Silver @ $8/oz. so, I do respect the message you are sending.
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Great vid Alex!
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So, it's one more jewish scam. google "culture of critique preface".
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Wearing a tie in your kitchen?? Mini Wallstreet insider lol....
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Wallstreet is selling to banks??? Wallstreet is composed of banks buddie.
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Thank you, your blog is great man, I just wish I could get more people to read it.
isaacnd200 1 year ago
@isaacnd200 Thanx. I appreciate the support!
alexhiggins732 1 year ago