…to Denninger’s question in the well written article here:
Did a few people intentionally start some (financial) fires?
-YES.
A few banks coordinated a pretty big fire, right in the downdraft of a blustery Santa Ana style gale.
You Should Also Check Out This Post:
- Keeping Score - GO ENDEAVOR !!!
- Reality: The Final Frontier
- Tradition
- What a Summation
- The Facebook Homeowner Revolution
More Active Posts:
- What's the Big Deal about State Banks - doesn't every State already have one? (4)
- Ready to fund the next big bubble? Carbon Derivatives (3)
- Healthcare (2)
- States be Damned! You get what you DESERVE! (2)
- The Dichotomy of Toxic Debt "Value" (2)
- Other States Take Note: State Bank of Florida Proposed (2)
- Stern's Crony-Corporatism (2)
- Shorter's Last Stand (2)
- Mutually Assured Consequences (2)
- The American Way - an Economic Culture (1)
My comment is not for this particular post. It’s the way I view not only this post but your entire site. KEEP UP THE GREAT WORK!!! Our tax dollars has already made these white collar criminals too wealthy already!
But why should they think any different? We’ve bailed out these people several times over the past century. They knew the taxpayers money would come to the rescue when they entered their ‘den of theives’.