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One of the Biggest and Most Elaborate Falsehoods Ever Sold to the American Public” (The Bank Bailouts)

 
Taruwah
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User ID: 31958125
Israel
01/13/2013 10:20 AM
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One of the Biggest and Most Elaborate Falsehoods Ever Sold to the American Public” (The Bank Bailouts)
The bailout was, as David Stockman says, a Wall Street crisis. The bankers all freaked out when their bets turned terrible, and then played the information leverage game with Washington to get the tax payers to pay for their mistakes. They basically said that the entire economy was going down (it wasn’t) and therefore an unprecedented abandonment of what was left of our market based economy was justified. It was a giant con.

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Seek FIRST the Kingdom of YHWH and His knowledge of Good and Bad (righteousness) , for He says "My ways are not thy ways"
Taruwah  (OP)

User ID: 31958125
Israel
01/13/2013 10:38 AM
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Re: One of the Biggest and Most Elaborate Falsehoods Ever Sold to the American Public” (The Bank Bailouts)
This probably applies to the UK banks as well.....
Seek FIRST the Kingdom of YHWH and His knowledge of Good and Bad (righteousness) , for He says "My ways are not thy ways"
Anonymous Coward
User ID: 46759087
United States
12/29/2013 12:27 PM
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Re: One of the Biggest and Most Elaborate Falsehoods Ever Sold to the American Public” (The Bank Bailouts)
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