Banker Admits "We Engineered the Global Financial Crisis"

This thread... or were you reffering to another one? All of them perhaps?

I don't see what's new about this video... he says "We engineered the world financial crisis". You don't need to be a rocket scientist to find that out, just look around you and see how the economy is doing.

The bigger question is: Was it their intention to create this mess?

Wow a banker that admits it!

Okay the bankers have successfully engineered the destruction of Europe and the Great American Empire. But their tormentings in the great lake of fire and brimstone very soon, won't be worth it. They will repeatedly say once the Almighty God of Heaven conquers and defeats them, "We didn't know that our tormentings would be this severe and this agonizing. We wish that we had never caused so much pain and suffering and death and genocides. But now it is too late, and we will be cooking and frying in this agony forever and ever. Aaaahhhhh!! Aaaaaahhhhhh!! O blank (curse words) we are so blanking doomed, forever and ever!! aaaahhhhhh!!""

Jewish bankers control the IMF

yet we all say "save Israel"

He did, didn't he. Wonder if he REALLY meant that. Seems a BOLD statement to make.

Woah, woah, woah,

"On 24 September 2011, the UBS board announced that Oswald Gruebel had resigned," was this his resignation speech?

yes, who do you think that make asian financial crisis in 1997

now the big investor and banker money flocking to Asia, in indonesia : increasing foreign direct investment.. look our market being bubbled

look, the way I see it, Germans never did have a sense of humour.

This guy, this comedian, was just pulling a symposium's leg - his delivery was so pokerface so downpat that we believe his words without understanding his standup his schtick - he was SURELY just being sarcastic.

Right?

Plllllllllllllllllllllleeeeeeeeeeeeeze!

It´s one BIG ponzi scheme. Yes, they have known from beginning.

Notice

Failure to arrest this man will result in you loosing your shiny badges...

You have been warned.

I am not quite sure what he meant, he discussed two things not clearly linked:

(1) The accumulation of debt owed by Europe and USA, largely owed to China.

(1a) China's inevitable growth slowdown. Logically caused by (1) -- the debtors slowed their taking of more debt, or China demanded payment in noninflated currency.

(2) The financial collapse.

Was he saying that (1) and (1a) caused (2)? Maybe.

Congratulations on that coolly restrained response to Mr. Know-it-all!
Mind-boggling video from the UK House of Lords.

I called that long before while it was getting set up by Ben Bernanke! All it takes is paying attention, folks!

How the Democrats Created the Financial Crisis

(( Take away Fannie and Freddie, or regulate them more wisely, and it's hard to imagine how these highly liquid markets would ever have emerged. This whole mess would never have happened.

It is easy to identify the historical turning point that marked the beginning of the end.

Back in 2005, Fannie and Freddie were, after years of dominating Washington, on the ropes. They were enmeshed in accounting scandals that led to turnover at the top. At one telling moment in late 2004, captured in an article by my American Enterprise Institute colleague Peter Wallison, the Securities and Exchange Comiission's chief accountant told disgraced Fannie Mae chief Franklin Raines that Fannie's position on the relevant accounting issue was not even ``on the page'' of allowable interpretations.

Then legislative momentum emerged for an attempt to create a "world-class regulator" that would oversee the pair more like banks, imposing strict requirements on their ability to take excessive risks. Politicians who previously had associated themselves proudly with the two accounting miscreants were less eager to be associated with them. The time was ripe.

Greenspan's Warning

The clear gravity of the situation pushed the legislation forward. Some might say the current mess couldn't be foreseen, yet in 2005 Alan Greenspan told Congress how urgent it was for it to act in the clearest possible terms: If Fannie and Freddie "continue to grow, continue to have the low capital that they have, continue to engage in the dynamic hedging of their portfolios, which they need to do for interest rate risk aversion, they potentially create ever-growing potential systemic risk down the road,'' he said. "We are placing the total financial system of the future at a substantial risk."

What happened next was extraordinary. For the first time in history, a serious Fannie and Freddie reform bill was passed by the Senate Banking Committee. The bill gave a regulator power to crack down, and would have required the companies to eliminate their investments in risky assets.

Different World

If that bill had become law, then the world today would be different. In 2005, 2006 and 2007, a blizzard of terrible mortgage paper fluttered out of the Fannie and Freddie clouds, burying many of our oldest and most venerable institutions. Without their checkbooks keeping the market liquid and buying up excess supply, the market would likely have not existed.

But the bill didn't become law, for a simple reason: Democrats opposed it on a party-line vote in the committee, signaling that this would be a partisan issue. Republicans, tied in knots by the tight Democratic opposition, couldn't even get the Senate to vote on the matter.

That such a reckless political stand could have been taken by the Democrats was obscene even then. Wallison wrote at the time: "It is a classic case of socializing the risk while privatizing the profit. The Democrats and the few Republicans who oppose portfolio limitations could not possibly do so if their constituents understood what they were doing."

Mounds of Materials

Now that the collapse has occurred, the roadblock built by Senate Democrats in 2005 is unforgivable. Many who opposed the bill doubtlessly did so for honorable reasons. Fannie and Freddie provided mounds of materials defending their practices. Perhaps some found their propaganda convincing.

But we now know that many of the senators who protected Fannie and Freddie, including Barack Obama, Hillary Clinton and Christopher Dodd, have received mind-boggling levels of financial support from them over the years.

Throughout his political career, Obama has gotten more than $125,000 in campaign contributions from employees and political action committees of Fannie Mae and Freddie Mac, second only to Dodd, the Senate Banking Committee chairman, who received more than $165,000.

Clinton, the 12th-ranked recipient of Fannie and Freddie PAC and employee contributions, has received more than $75,000 from the two enterprises and their employees. The private profit found its way back to the senators who killed the fix.

There has been a lot of talk about who is to blame for this crisis. A look back at the story of 2005 makes the answer pretty clear. ))

[link to www.bloomberg.com]

So why has this creature not been arrested? Not only has it admitted to it's subhuman, sociopathic crimes against Humanity, it obviously knows all the other dangerous criminals involved in this Fraud of global proportions. Here is an admission - so where are those whose duty it is to defend us using our taxes, against this savage barbarism...

I wouldn't want to be a banker when revolution comes :)

Banksters or hook noses as they are better known in some circles run the fucking world.This synagogue of satan is responsible for all wars,starvation and death around the world.So don't tell me they don't have that much power,but there days are numbered and they know it.

Help me out here...you're in a rage because someone else posted a thread that agrees with what you've been saying??

Yeah we know crap shitty nasty underhand backroom behind the curtain scene steered controlled lies go on.

Now what? What you gonna do about it and what do you want me to do about it? hm? what? Oh by the way this system we live by it its currently up and running. Again now what?

Oh you want to fix the corruption. What you going to do to replace it with? Again Now what?

I believe it's going to be a bloody revolution and they will face the ultimate justice,but before they do millions upon millions will be dead.

There must be a crime they can be arrested for under current laws! I don't get the blase attitudes either but people just seem to shrug and accept it is what it is and there's nothing that can be done about it. Maybe when their beer and widescreen TVs cease to exist people will stop being blase but until then...

this ^

germans speak very literally, so I can understand why he would use such a specific term.

^THIS^

Jeesh... global pin?

Sup' wit dat?

Or a politician.

The MSM never told you that.

That was the alternative media.