Humint Events Online: Financial Crisis a Scam by the Investment Banks?

Saturday, September 27, 2008

Financial Crisis a Scam by the Investment Banks?

Wouldn't surprise me at all, particularly given Paulson's connections:
"I suspect that part of what we're seeing in the freezing up of lending markets is strategic behavior on the part of big financial players who stand to benefit from the bailout," said David K. Levine, an economist at Washington University in St. Louis, who studies liquidity constraints and game theory.


I also wonder if the whole deal is also a secret ploy by Bush to screw over McCain-- I'm a bit suspicious the way Bush has embraced this scheme that will so obviously put McCain in such a difficult position.

UPDATE: Here's an alternative view-- that things are much worse than they are letting on.

2 Comments:

Anonymous Anonymous said...

While All Eyes Were on the $700 billion Bailout, House Passed Trillion-Dollar Defense Bill

http://www.alternet.org/waroniraq/100524

11:27 AM  
Anonymous Anonymous said...

Something tells me, Congress, the White House, the *true elite*, WANT the economy to crash...it's class warfare, that's how people with *old money* (WASP families with generations of wealth that reach back to the 17-1800's) think...the richest of the rich don't care if the market collapses, they'll still have a ton of money, and some gold/silver stashed away to back it up, plus T-Bills...

4:19 AM  

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