Lehman Died So TARP and AIG Might Live
By MIKE WHITNEY
"The media have played a critical role in peddling the official "Who could have known what would happen" version of events. Bernanke and Paulson were fully aware that they playing with fire, but they chose to proceed anyway, using the mushrooming crisis to achieve their own objectives. Then things began to spin out of control; credit markets froze, interbank lending slowed to a crawl, and stock markets plunged. Even so, the Fed and Treasury persisted with their plan, demanding their $700 billion pound of flesh before they'd do what was needed to stop the bleeding. It was all avoidable."
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Gobbly gook. The fed doubled the money supply in days to prevent armegettan.
ReplyDeleteIs there ANY bullshit line you do not swallow anan?
ReplyDeleteV, look up the Federal Reserve monetary base statistics on their website. I mean, how stupid can someone be. The entire global financial system nearly collapsed. All the global paper currencies nearly ceased to be mediums of exchange.
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