posted on May, 1 2010 @ 08:05 PM
But I'm very disappointed with Crackeur!
Crakeur is forgetting about the repackaged toxic CDS derivatives which were stamped with AAA+ ratings and was then sold to foreign countries & ended
up in foreign markets who got crap from the U.S - that was fraud - I can't believe I'm hearing this crap from Crackeur.
This was not business as usual at all! - this was fraud and economical warfare!
Goldman Sachs knew that these instruments were crap but sold them anyway as AAA+ because all these CDS derivatives were fraudulent repackaged multiple
times by different greedy Wall Street institutions to hide the worthless toxic crap!
That's why so many billions went as bailout money to European financial institution so urgently from Hank Paulson to replace what they had lost and
as compensation for damages - the Bush administration got blasted from Europe and Asia, and Paulson&Co were really desperate to quickly repay the
foreign financial institutions and pay back for what Goldman Sachs and other Wall Street institutions had done!
Some bailouts were paid directly to Europe & Asia but most went via AIG and through Goldman who had to put things right again with their European &
It's was an International financial scandal as noone ever had seen before.
The good name and reputation of the U.S was at stake here!
These greedy Wall Street institution brought down the global financial system!
Some German Banks has already started to cut ties with GS and this is spreading to other Banks here in Europe!
[edit on 2-5-2010 by Chevalerous]