Friday, Sep 19, 2008
This dose of moral hazard will really change banking, yes, banks will take more risks in future!
Whatreallyhappened.com: SO, JUST WHAT ARE THEY GOING TO DO WITH THAT TRILLION?
Here is the Cliff Notes version of the economic disaster.
1. The banks and investment houses made up a bunch of products and sank their investors' money into them.
2. The banks and investment houses couldn't convince you to buy those products.
3. The banks and investment houses got the government to FORCE you to buy those products.
Any questions?
Posted by planning4acrash @ 11:36 PM (232 views) Add Comment
1 Comment
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1. planning4acrash said...
By the way, its not a trillion. Freddy and Fanny are leveraged a hundred times and is worth over $50trillion. This bail out, conservatively is in the hundreds of trillions of dollars. Biggest cold blooded criminal theft in the world ever.