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Why Wall Street CEO's Must Go To Jail And Payback Billions In Bonuses inc video

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posted on Oct, 9 2008 @ 04:38 AM
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Why Wall Street CEO's Must Go To Jail And Payback Billions In Bonuses inc video


waronyou.com

They all did it by selling garbage they knew would not pay - and then selling insurance against the garbage that they knew they could not cover. To avoid regulation, they didn’t call it “insurance”, they called it a “credit default swap”.

How big is the market for credit default swaps? $50 - 60 TRILLION dollars. We can’t be sure because it is an unregulated market.

In short, they were smart enough to create a $50 Trillion industry and call it something that would escape regulation - but they couldn’t see the implosion coming?

How about this - they just ignored it for as long as they could collect $60,000,000 per year
(visit the link for the full news article)




posted on Oct, 9 2008 @ 04:38 AM
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Something many people have been saying - and an excellent "60 Minutes" video detailing what happened.

Should these massive bonus packages be confiscated and used to help those defrauded?

Absolutely yes.

Perhaps more importantly, I believe there is ZERO chance that paulson (and perhaps others) didn't know what was going on, but they chose to look the other way because they are all buddies, in it together.

waronyou.com
(visit the link for the full news article)



 
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