Thu 25 Sep 2008
Doing a little investigative journalistic work, I think I’ve blown the lid off this whole Wall Street meltdown… and it ain’t pretty.
Think about it: Wall Street lobbyists grease the palms of politicians who pass laws deregulating the banking industry so they can sell sub-prime loans to any jamoke with a pulse then take those risky loans and re-sell them to investors building a shaky house of cards that comes tumbling down so now they’re asking the government for a blank check to give the same hucksters who created the problem a nice payday so that they can skip off into the sunset with pockets stuffed leaving taxpayers with two fistfuls of diddly squat.
So who’s at fault? Hmmm, they see no evil, hear no evil, speak no evil…