- Mar 11, 2015
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Really?...well who is caught lying more...CNN and your sources or my sources?......You might be wise to start listening to CNN, because this article is bullshit.I see. Since you're such an expert, please enlighten us:You must have missed that little event that took place in 2008.
Somehow I'm not surprised.
You mean when the inner city home loans Clinton and Reno ordered the banks to hand out to people that couldn't qualify crashed the market?....rewriting recent history does not work....
Okay, tell me:
Go ahead. Show us how much you know. I've numbered 'em for you so you can real specific.
- How did Clinton and Reno force the banks to create shitty, opaque CMOs and the even more hideous CDOs?
- How did Clinton and Reno force mortgage companies to sell shit mortgages to the banks to be put in those CMO's, often by the very next day?
- How did Clinton and Reno force the ratings agencies to slap AAA (TREASURY-level) ratings on those shit securities, making them highly attractive to buy?
- How did Clinton and Reno force mortgage companies to write no-doc loans with insane balloons, knowing they'd be sold off in 12 hours to a shit CMO at NO risk?
- How did Clinton and Reno force the banks to threaten the ratings agencies with lost business if they didn't give them AAA ratings on shit securities?
- How did Clinton and Reno force Alan Greenspan to REFUSE to regulate derivatives while CFTC Chairwoman Brooksley Borns was BEGGING him to?
- How did Clinton and Reno force the banks to drop their standards to the ground when they needed more shit CMO's and CDO's to SELL OFF for huge fees?
- How did Clinton and Reno force the banks to SHORT the VERY SAME shit securities they were selling to their CLIENTS, WHILE the whole thing was collapsing?
- How did Clinton and Reno force GS & John Paulson to create shit CMO's that were SPECIFICALLY DESIGNED to FAIL so they could buy swaps on them, making Paulson a cool $2 BILLION?
- How did Clinton and Reno force AIG to write zillions in credit default swaps with ZERO reserves to back them up? ZERO???
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Read this dummy...learn what CNN will not tell you...do you really want to live your life with only half of the truth?
Clinton's Legacy: The Financial and Housing Meltdown
Yours.