Fig-bearing Thistle
20th September 2008, 07:45 PM
How many of you guys knew this little bit of information?
http://www.reuters.com/article/newsOne/idUSN1444498020080914?virtualBrandChannel=10272&sp=true
Quoting from the article:
"NEW YORK (Reuters) - Major players in the $455 trillion global derivatives market rushed Sunday to scale back exposure to a potential bankruptcy filing by investment bank Lehman Brothers in a rare emergency trading session."
Sunday trading for insiders? I have not always been a big conspiratorial-ist, but the longer I live, and the more crafty white collar crooks I see, I have to wonder if this Sunday trading for a few Banks and other high muckety mucks the day before the Monday crash is all on the up and up.
Politicians encourage us to save money. Then demand that banks loan our money for housing loans at sub-prime rates to the poor and poorest who should never be borrowing such money in the first place, then they line their pockets with campaign contributions from these loan entities, and when these poor people can't afford their mortgages because they don't have the income to support it, they default, the house of cards falls in, and the taxpayer and savers are left holding an empty purse and a tax bill to bail out the economy, while the crooked politicians and power/money mongers get off scott free with their loot.
OH, I'm hopping mad at the crooks we have running our economy into the ground.
If I could pass along any advice to folks here, it would be to stop borrowing, get out of debt fast, and store some food, and water, and an emergency fund. I have great trust in the Government that Jesus will institute when He comes, but I am fast losing all faith in the government that corruptible man runs.
http://www.reuters.com/article/newsOne/idUSN1444498020080914?virtualBrandChannel=10272&sp=true
Quoting from the article:
"NEW YORK (Reuters) - Major players in the $455 trillion global derivatives market rushed Sunday to scale back exposure to a potential bankruptcy filing by investment bank Lehman Brothers in a rare emergency trading session."
Sunday trading for insiders? I have not always been a big conspiratorial-ist, but the longer I live, and the more crafty white collar crooks I see, I have to wonder if this Sunday trading for a few Banks and other high muckety mucks the day before the Monday crash is all on the up and up.
Politicians encourage us to save money. Then demand that banks loan our money for housing loans at sub-prime rates to the poor and poorest who should never be borrowing such money in the first place, then they line their pockets with campaign contributions from these loan entities, and when these poor people can't afford their mortgages because they don't have the income to support it, they default, the house of cards falls in, and the taxpayer and savers are left holding an empty purse and a tax bill to bail out the economy, while the crooked politicians and power/money mongers get off scott free with their loot.
OH, I'm hopping mad at the crooks we have running our economy into the ground.
If I could pass along any advice to folks here, it would be to stop borrowing, get out of debt fast, and store some food, and water, and an emergency fund. I have great trust in the Government that Jesus will institute when He comes, but I am fast losing all faith in the government that corruptible man runs.