We all realize that our financial system was a bubble waiting to pop. That the free market needed a severe correction. The time frame that is most important is between Sept. 2008 and Jan. 2009. We are led to believe that people started to withdraw their investments and the financial institutions couldn't make good on the money owed. Now we are being told that this all may well have been overblown. So what EXACTLY was it that started the dominos to fall...If it was relatively known on wall street that the correction was coming...then why did everyone in the Madoff ponzi scheme get caught by surprise?....Two important things happened in the very same time period...One was it became clear that Obama would become president...Two...That Olmert, the president of Israel met with Bush personally to discuss attackng Iran. Not only did Bush say NO, but told Olmert he could not fly over Iraq, thereby nullifing any uni-lateral attack by Israel....The impotance of this cannot be under-estimated when you consider
Israel made a purposeful attack on Gaza, specifically prior to Bush departure from the White House. Combined with the fact that compared to America, England, Scotland and Iceland, Israel hasn't suffered financially from this massive de-leveraging, raises serious concerns of what was the real trigger.