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New revelations on Bear Stearns & massive Wall Street fraud

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posted on Oct, 3 2009 @ 03:38 AM
Short interview with the indomitable Matt Taibbi and a clip worth watching. Exposes the obvious manipulation behind the collapse of Bear Stearns, which was the first "shot fired" in the financial crisis, as most of you probably remember.

"On Tuesday, March 11th, 2008, somebody -- nobody knows who -- made one of the craziest bets Wall Street has ever seen. The mystery figure spent $1.7 million on a series of options, gambling that shares in the venerable investment bank Bear Sterns would lose more than half their value in nine days or less. It was madness - "like buying 1.7 million lottery tickets," according to one financial analyst. But what's even crazier is that the bet paid."

posted on Oct, 3 2009 @ 05:47 AM
Well after what happened with Madoff we all know the SEC is one big joke.

People are too easily corrupted by the insane amounts of money they greedily grab.

The first start would be to dismantle the whole stock market and outlaw stocks.

The stock market is invented so corporations can control and destroy each other easier and in the process create giant monopolies.

So this news doesn't surprise me a bit.

posted on Oct, 3 2009 @ 06:23 AM
No matter how careful the man behind the curtain is..

Theres alway someone in the know, just a tad bit to greedy to leave a clue behind that its all manufactured.

Same thing happened with Sept 11
Same this has now happened with this 'unexpected banking crash'

Follow the money, you find the real rulers of the country.


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