Inside of the Lehman Brothers Fall, page 1
privacy
Pages:
ATS Members have flagged this thread 1 times
ATS Members have flagged this thread 1 times
Topic started on 8-4-2010 @ 01:27 AM by drew hempel
www.youtube.com...
The BBC inside account
Fall of the Lehman Brothers.
Looting Mainstreet:
www.rollingstone.com...
www.newsdissector.com...
[edit on 8-4-2010 by drew hempel]
[edit on 8-4-2010 by drew hempel]
[edit on 8-4-2010 by drew hempel]
The BBC inside account
Fall of the Lehman Brothers.
Looting Mainstreet:
www.rollingstone.com...
In 1996, the average monthly sewer bill for a family of four in Birmingham was only $14.71 — but that was before the county decided to build an elaborate new sewer system with the help of out-of-state financial wizards with names like Bear Stearns, Lehman Brothers, Goldman Sachs and JP Morgan Chase. The result was a monstrous pile of borrowed money that the county used to build, in essence, the world's grandest toilet — "the Taj Mahal of sewer-treatment plants" is how one county worker put it. What happened here in Jefferson County would turn out to be the perfect metaphor for the peculiar alchemy of modern oligarchical capitalism: A mob of corrupt local officials and morally absent financiers got together to build a giant device that converted human # into billions of dollars of profit for Wall Street — and misery for people like Lisa Pack.
www.newsdissector.com...
The Fed has finally came clean. It now admits it bailed out Bear Stearns – taking on tens of billions of dollars of the bank’s bad loans – in order to smooth Bear Stearns’ takeover by JPMorgan Chase. The secret Fed bailout came months before Congress authorized the government to spend up to $700 billion of taxpayer dollars bailing out the banks, even months before Lehman Brothers collapsed. The Fed also took on billions of dollars worth of AIG securities, also before the official government-sanctioned bailout. The losses from those deals still total tens of billions, and taxpayers are ultimately on the hook. But the public never knew. There was no congressional oversight. It was all done behind closed doors. And the New York Fed – then run by Tim Geithner – was very much in the center of the action.
[edit on 8-4-2010 by drew hempel]
[edit on 8-4-2010 by drew hempel]
[edit on 8-4-2010 by drew hempel]
Pages: ^^TOP^^
The Above Top Secret Web sites are a
wholly owned social content community of
The Above Network, LLC.
This content community relies on
user-generated content from our member contributors.
The opinions of our members are not those of site ownership
who maintains strict editorial agnosticism and simply provides
a collaborative venue for free expression.
ATS Server: www2.theabovenetwork.com
Header data: 0.002 seconds
Page processed in: 0.034 seconds
wholly owned social content community of
The Above Network, LLC.
This content community relies on
user-generated content from our member contributors.
The opinions of our members are not those of site ownership
who maintains strict editorial agnosticism and simply provides
a collaborative venue for free expression.
ATS Server: www2.theabovenetwork.com
Header data: 0.002 seconds
Page processed in: 0.034 seconds
