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Who was behind the housing bubble

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Kievsky
(@kievsky)
Posts: 767
Noble Member
Topic starter
 

http://cryptogon.com/2006_09_03_blogarchive.html#115726846532246735

The option ARM is "like the neutron bomb," says George McCarthy, a housing economist at New York's Ford Foundation. "It's going to kill all the people but leave the houses standing."

This Business Week article is pretty good, but I feel the need to take you much deeper down the rabbit hole. Try to get comfortable, it's not going to be pleasant.

I used to work for one of the oldest and largest financial services companies in the world. But you wouldn't have known it from looking at the sign on the outside of the building. You see, the firm kept its name out of public view when it came to this business: the sub prime mortgage lending racket.

Why?

This Wall Street firm, spoken about in hushed tones around country clubs and cocktail parties, DOES NOT want to have its name associated with the financial services equivalent of a chop shop or a whore house. Oh no. It just wants the money associated with this despicable operation, and none of the press. Questions in the media about the propriety of these activities might cause discomfort for investors. Certain public appearances need to be maintained, after all.

This firm premeditated the exit from the crash unfolding before our eyes, both legally and in terms of public relations, years in advance.

Here's what it did.

The firm's strategy was to acquire fly-by-night companies who were dealing in these dodgy (sub-prime) loans and making impossible to imagine amounts of money at it. The outward public appearances of these acquired companies did not change. Some of the fly-by-night, fast-and-loose, make-it-up-as-you-go and illegal activities were transformed into probably-no-jail-time best-practices. The CFO had a habit of putting me on hold without muting the headset. He always seemed to be talking about "scratch and dent deals" with someone else in his office. "Oh sh*t. They're not going to like this. *rhetorical chuckle* What's a few million dollars between friends..."

I think some of you out there in ZOG-land think that the people in charge, though evil, are "basically competent."

I think you might believe that they "want to keep the System going, and will do the right thing to keep it going."

I don't think so. Read the above. The people doing that are the people running this country.

I just watched the movie, "Enron, the smartest guys in the room."

Enron is just a microcosm of America. Hell, the Iraq war debacle is Enron with a lot more dead bodies!

It's just taking a little longer for America to unravel because of it's size, and because the Chinese and Japanese still consider the Kwa to be "too big to fail." Well, the failure is quickly outsizing the too-bigness to fail-ness.

I suspect the "big, respectable Wall Street firm" they are talking about is Citibank. I don't know for sure, but it sounds like them. I've also heard that Citibank markets credit cards very aggressively to poor people in fly-over America.

You know that Citibank refers to "the City of London," right? It's the big one, it's the main man. They are the people at the apex of the whole System. And here they are, engaging in predatory lending on the sinking middle class!

You'd think that people at the very tippy top, who basically own the whole world, would pretend to act with a little bit of nobless oblige, right? But you'd be dead wrong!

I remember seeing a cartoon where a banker grabs a lollipop from a baby. I thought, "how absurd. I'm sure that doesn't really happen." But it turns out that cartoon is quite apt.

It's real interesting to watch how this plays out. The Jew got the reigns of power, and still acts like a shtetl juden. It doesn't know how to actually rule, so it does what it knows how to do.


Godzilla mit uns!
http://mindweaponsinragnarok.wordpress.com

 
Posted : 08/09/2006 9:46 pm
odin
 odin
(@odin_1756672026)
Posts: 1565
Noble Member
 

I think some of you out there in ZOG-land think that the people in charge, though evil, are "basically competent."

I think you might believe that they "want to keep the System going, and will do the right thing to keep it going."

I don't think so. Read the above. The people doing that are the people running this country.

I just watched the movie, "Enron, the smartest guys in the room."

Enron is just a microcosm of America. Hell, the Iraq war debacle is Enron with a lot more dead bodies!

It's just taking a little longer for America to unravel because of it's size, and because the Chinese and Japanese still consider the Kwa to be "too big to fail." Well, the failure is quickly outsizing the too-bigness to fail-ness.

I suspect the "big, respectable Wall Street firm" they are talking about is Citibank. I don't know for sure, but it sounds like them. I've also heard that Citibank markets credit cards very aggressively to poor people in fly-over America.

You know that Citibank refers to "the City of London," right? It's the big one, it's the main man. They are the people at the apex of the whole System. And here they are, engaging in predatory lending on the sinking middle class!

You'd think that people at the very tippy top, who basically own the whole world, would pretend to act with a little bit of nobless oblige, right? But you'd be dead wrong!

I remember seeing a cartoon where a banker grabs a lollipop from a baby. I thought, "how absurd. I'm sure that doesn't really happen." But it turns out that cartoon is quite apt.

It's real interesting to watch how this plays out. The Jew got the reigns of power, and still acts like a shtetl juden. It doesn't know how to actually rule, so it does what it knows how to do.

I have a difficult time believing any first-person accounts like this article, when not ONE single company name is revealed.


 
Posted : 09/09/2006 6:04 am
(@backwoods)
Posts: 166
Estimable Member
 

Citibank did eat up quite a few non-conforming mortgage banks.


 
Posted : 09/09/2006 10:57 am
LeischGirl
(@leischgirl)
Posts: 76
Estimable Member
 

Thank you Kievsky for your encouraging words of doom and gloom. I think i'm gonna go hide now in the dark and wait for armageddon.
Check out some of the best sellers from the 1970's, there were books about the coming global crash, the big depression that's coming that's gonna be just awful. In fact, there has never been a time in history when sad pathetic people haven't been trying to scare other stupid people with horrible stories of tragedy just around the corner. It really is a twisted thing, a kind of psychological sadism, and in some cases, if you're scaring yourself,(although I bet Keivsky has lots of 30 year municipal bonds in his portfolio), masochistic.

What if the real enemy is the doom and gloomers? Everyone instinctively loathes chicken littles, henny penny the sky is falling , monkeys beating on their can to get attention and status.

I was watching this show about monkeys, this study done by Jane Gooddall, and one of the low ranking monkeys discovered if he took a metal gasoline can and banged it around loudly, it scared the other monkeys and they began to revere him. His social status went from lowests to a sort of highest, alpha male status, in that he was the most feared.

You should all sit down and watch that movie, with Robin Williams, The Survivors. I love the ending where that guy who's always telling these people the end of the world is near, is caught with a million dollars in 30 year bonds. lol. That's what these guys are, just dooms day hucksters and con artsts, no solutions, just fear, scare-mongers, the lowest sort of human being and yet, hardly the most rare.


 
Posted : 09/09/2006 5:47 pm
JoeSixPack
(@joesixpack)
Posts: 1198
Noble Member
 

What if the real enemy is the doom and gloomers?

What if the real enemy is those who say everything is super great and 1000% kosher?

White people are in deep shit right now, and it's going to get worse, until enough of us stand up and do someting about it.


"Evidence linking these Israelis to 9/11 is classified. I cannot tell you about evidence that has been gathered. It's classified information."
-US official quoted in Carl Cameron's Fox News report on the Israeli spy ring and its connections to 9-11.

 
Posted : 09/09/2006 6:21 pm
YANKEE_JIM
(@yankee_jim)
Posts: 2889
Illustrious Member
 

In fact, there has never been a time in history when sad pathetic people haven't been trying to scare other stupid people with horrible stories of tragedy just around the corner.

I wonder how many sad, pathetic people were running around trying to warn their kinsmen in Iraq about an upcoming invasion a few years ago?

-Jim


"Googo dat shit"

The Hudson Valley Freeman

Carry a pocket knife ,wear steel toe boots and always make sure that you have the advantage or these savage simians will fuck you up! -- "White Minority" from VNNForum

“To destroy is always the first step in any creation.”

-E.E.Cummings

"We're seeing people wearing Skrewdriver (a white power band) shirts and sieg heil-ing around town."

-New Paltz, NY Mayor Jason West 08/18/2004

 
Posted : 09/09/2006 6:34 pm
YANKEE_JIM
(@yankee_jim)
Posts: 2889
Illustrious Member
 

I was watching this show about monkeys, this study done by Jane Gooddall, and one of the low ranking monkeys discovered if he took a metal gasoline can and banged it around loudly, it scared the other monkeys and they began to revere him.

Which monkey in the above pic is the "low ranking monkey"?

The correct answer is HERE

-Jim


"Googo dat shit"

The Hudson Valley Freeman

Carry a pocket knife ,wear steel toe boots and always make sure that you have the advantage or these savage simians will fuck you up! -- "White Minority" from VNNForum

“To destroy is always the first step in any creation.”

-E.E.Cummings

"We're seeing people wearing Skrewdriver (a white power band) shirts and sieg heil-ing around town."

-New Paltz, NY Mayor Jason West 08/18/2004

 
Posted : 09/09/2006 6:44 pm
brutus
(@brutus)
Posts: 4435
Illustrious Member
 

RE: LeischGirl

What if the real enemy is the doom and gloomers? Everyone instinctively loathes chicken littles, henny penny the sky is falling

Let me clue you in, the real enemy is the jew.....Not those of us who are trying to forecast the truth hidden in the fog of jew lies.

Sure, none of us really knows EXACTLY WHEN this festering jew boil is going to blow.....but it will be the White Nationalists who are ahead of the curve when it does.


The ink of the learned is as precious as the blood of the martyr. For one drop of ink may make millions think.

 
Posted : 09/09/2006 6:52 pm
(@whiteman4whiteland)
Posts: 1023
Noble Member
 

Thank you Kievsky for your encouraging words of doom and gloom. I think i'm gonna go hide now in the dark and wait for armageddon.
Check out some of the best sellers from the 1970's, there were books about the coming global crash, the big depression that's coming that's gonna be just awful. In fact, there has never been a time in history when sad pathetic people haven't been trying to scare other stupid people with horrible stories of tragedy just around the corner. It really is a twisted thing, a kind of psychological sadism, and in some cases, if you're scaring yourself,(although I bet Keivsky has lots of 30 year municipal bonds in his portfolio), masochistic.

What if the real enemy is the doom and gloomers? Everyone instinctively loathes chicken littles, henny penny the sky is falling , monkeys beating on their can to get attention and status.

I was watching this show about monkeys, this study done by Jane Gooddall, and one of the low ranking monkeys discovered if he took a metal gasoline can and banged it around loudly, it scared the other monkeys and they began to revere him. His social status went from lowests to a sort of highest, alpha male status, in that he was the most feared.

You should all sit down and watch that movie, with Robin Williams, The Survivors. I love the ending where that guy who's always telling these people the end of the world is near, is caught with a million dollars in 30 year bonds. lol. That's what these guys are, just dooms day hucksters and con artsts, no solutions, just fear, scare-mongers, the lowest sort of human being and yet, hardly the most rare.

This is exactly why women shouldn't be allowed to vote or hold political office.


Detroitiscrap.com Bloghttp://detroitiscrap.blogspot.com:Chronicling the last dark days of a once great city.

 
Posted : 09/09/2006 6:58 pm
Paul Drake
(@paul-drake)
Posts: 521
Honorable Member
 

...sit down and watch that movie, with Robin Williams, The Survivors.

Anti-White, Anti-Rural, Anti-Gun, Anti-Male jEWish propoganda.
(With plenty of potty references.) ......Typical.
Maybe YOU should watch it again - with a more critical eye out for the 'spin' this time.


Imagine: Our Own World...

[color="Sienna"]NO HOPE WITHOUT ROPE

 
Posted : 09/09/2006 8:34 pm
Itz_molecular
(@itz_molecular)
Posts: 2746
Famed Member
 

I was watching this show about monkeys, this study done by Jane Gooddall, and one of the low ranking monkeys discovered if he took a metal gasoline can and banged it around loudly, it scared the other monkeys and they began to revere him. His social status went from lowests to a sort of highest, alpha male status, in that he was the most feared.

Many people believe that the Baroness has a hand in these 'discoveries' , that they are not real but contrived for effect .


.
[color="Red"]"sneaky 'GD' Jews are all alike." ......Marge Schott

" I'd rather have a trained monkey working for me than a nigger,"

 
Posted : 10/09/2006 12:09 am
Itz_molecular
(@itz_molecular)
Posts: 2746
Famed Member
 

It really is a twisted thing, a kind of psychological sadism, and in some cases, if you're scaring yourself,(although I bet Keivsky has lots of 30 year municipal bonds in his portfolio), masochistic.

What if the real enemy is the doom and gloomers?

There is a degree of truth in that . Doom and gloom serves no real purpose .
However , preparation for disaster is always a good idea . Every sailor knows the value of emergency provisions and disaster preparations .

I don't think you are making the needed distinction between defeatism and rational preparedness .


.
[color="Red"]"sneaky 'GD' Jews are all alike." ......Marge Schott

" I'd rather have a trained monkey working for me than a nigger,"

 
Posted : 10/09/2006 12:27 am
Jeune Libertine
(@jeune-libertine)
Posts: 214
Estimable Member
 

This is exactly why women shouldn't be allowed to vote or hold political office.

This is exactly why the general populace shouldn't vote, period.


There is only one final solution to the preservation of the existence and purity of the Aryan race.

Read Decline of the West and Imperium now!

 
Posted : 10/09/2006 12:56 am
Kievsky
(@kievsky)
Posts: 767
Noble Member
Topic starter
 

http://www.counterpunch.org/whitney09092006.html

America's Economic Meltdown
Days of Reckoning
By MIKE WHITNEY

There’s growing concern among economists and market-savvy pundits that the global financial system is hanging by a few well-worn threads that could snap at any time. The $10.4 trillion real estate “bubble” has attracted the most attention, but the shaky derivatives market, hedge funds, and falling dollar are equally worrisome. 20 years of deregulation has created an economic monster which is increasingly unmanageable and threatens to bring down the whole system in a heap.

DOOM! ITZ COMING!


Godzilla mit uns!
http://mindweaponsinragnarok.wordpress.com

 
Posted : 10/09/2006 6:13 am
Itz_molecular
(@itz_molecular)
Posts: 2746
Famed Member
 

This is exactly why the general populace shouldn't vote, period.

There should be a fair and even literacy test , of some kind , to qualify for voting .


.
[color="Red"]"sneaky 'GD' Jews are all alike." ......Marge Schott

" I'd rather have a trained monkey working for me than a nigger,"

 
Posted : 10/09/2006 10:36 am
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