posted on Sep, 15 2013 @ 02:44 PM
It was known well before September that the economy would take a big hit because of fraudulent actions committed at Wall Street.
Remember the AAA stamps on garbage which was sold all over the world?
It meant that Bear Stearns was the first bank who got into problems in 2007 and managed to keep it under the table until march 2008, then it was first
saved with a bailout, but two days later taken over by JPM.
The garbage was seen through and nobody bought it anymore, so the wallstreet banks were left with their own created toxic waste and thus the whole
crisis started because banks did not trust each other anymore which resulted in the collapse of Lehman.
We can wonder "why?" because just like the rest Lehman could easily have been saved with a bailout.
Have a look at this graph, it is clear that already well before 9-11-08 the stock prize was going down.
The story of this guy is blatantly false, the total bailout sum was 29 trillion, more than twice the american economy in 2009.