Thread: so its out !

All of the time we were labouring under the missaprehension that the finanacial meltdown was a global thing and that it was just the inevitable result of traders taking big risks and mis-handling deriviatives and dubious shenanigans in the sub prime sector ! not so fast buddy - this was a conspiracy by the literati who infest wall street and and all its hallowed halls and subsidaries to undermine the president . Had the republicans won the race for the white house this crash would never have happened. Look at the connections that the goldman sachs top power brokers have with the republicans - three quarters of them have supported republican causes or given money to them. Their headquarters house a portarit gallery of past and present republicans and many of their former heads have unashamedly and publicly opposed any attempt by democrats to relax the burden on low and middle income groups. - they meet in secret at an undisclosed venue once a month and no minutes are ever taken of whats discusssed. isnt it obvious that this catastrophe was constructed at the highest level and that many of the architects of this shambles took early retirement on seven figure settlements. Its no good bringing the feds in - their auditors are in on the scam. Ivan boesky got caught - he was sloppy - these guys are too smart for that .

[quote name='Djinn' date='05 October 2009 - 06:26 PM' timestamp='1254781584' post='33150']

The crash happened in September and October 2008, when a Republican was in the White House.

[/quote]

They couldnt predict exactly when the pack of cards would collapse - domino effect - they hoped the worst of it would be after january 20th 09- and it was - that is the real point - these people are no strangers to crashes -at the end of the day the crash in 1987 had little impact on these very wealthy barons who make millions just by sleight of hand overpricing stock and winking at the auditors - they knew the game was up thats why they never sought a merger or approached the treasury earlier knowing that they would be bailed out in any eventuality - what could be better than a clean sheet ? If America is circling the drain, Goldman Sachs has found a way to be that drain - an extremely unfortunate loophole in the system of Western democratic capitalism, which never foresaw that in a society governed passively by free markets and free elections, organized greed always defeats disorganized democracy… The bank is a huge, highly sophisticated engine for converting the useful, deployed wealth of society into the least useful, most wasteful and insoluble substance on Earth - pure profit for rich individuals and a stunt pulled off as a gesture of thanks to their republican buddies.