Lehman Bankrutpcy: 'Repo 105,' Bank's 'Accounting Gimick,' Was Like 'A Drug,' Emails Show

What does it take to demonstrate that there was no financial meltdown to the regular world? If this doesn;t do it - more people are in fairy land than I thought. Everyonw of these guys from Goldman to AIg to AMEX - all the large banks created the crisis. In collusion with the NYC Fed and Tim G these guys were given billions to cover their fraud. That's why there's no strings - Tim G and Ben and company were in on it - THey were all buddies and if fact Ciritcorp was actually on the Board of the Fed as the loans were authorized they voted to give money to themselves. These guys created a crisis where none existed and instead of just reorging the sector to separate these functions - they got bailed out. and absorbed the credit and collapsed the economy, oh yeah and gave themselves $200 billion in bonuses for their crimes - all with the consent and approval of Bush and expanded and supported by Obama. The present state of the economy is due to the actions of Obama in supportung and directing Tim G, Ben B and the rest of the banking clique to continue the looting of the americaneconomy - he had his chance to change things and getuson the irght track and failed - just as he has failed on all major initiatives. It's the economy America and the large banks and the Fed are theheart of the eocnomy.
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