Wall Street Crash - SEC - Goldman - Blankfein - Obama
printWall Street Crash - SEC - Goldman - Blankfein - Obama
Most US Americans and most folks in the world do not understand one percent of what was going on before, during and after the Wall Street Crash.
1. Wall Street Crash
This Crash has nothing do to with Religion? May well be, I leave it up to you to decide otherwise. The Wall Street Crash was planned by folks like Karl Popper, Milton Friedman, Greenspan in theory- and Goldman, Sachs, Blankfein, Bernanke, Krugman, Fuld, Madoff, Wolfowitz and many other Theorists and Bankers of the highest, as voluntary executers.
The Crash has to do with blindness of US Congress, greed of bankers, hedge fund tricks of Paulson and others, dullness of buyers in Germany, France, England, Switzerland, including UBS, Deutsche Bank, Deutsche Landesbanken and a lots of investments funds throughout our world. The profits made by the Bonus-crooks, allowed by all US Governments, were the losses of
2. Criminal Derivatives
Without derivatives, nothing would have happened. With help of packages based on subprime mortgages, worthless deals and papers, sold to poor and rich folks, convinced to buy houses against low interest mortgages, but also with bets of the finest, by crooks of any sort in Las Vegas matters, concerning stock exchanges, raw materials, currencies and so on, were a sheer crime. Same goes for Certificates with names like ABS, CDO, CMO and the worst, was established by AIG and others the insurance trick with CDS. I do not translate the terms, since thousands of newspapers have already written about these valueless certificates, junk papers, toxic values, taken over by all hedge funds, investment banks in New York, City of London, Deutsche Bank in Frankfurt, UBS and CS in Zurich and so on.
The trick of these papers was, that Moody's, Standard and Poors and other rating offices gave a Triple A on that junk, when in reality it was no longer possible to identify the original creditors and the securities given, which in the meantime lost all value or were no longer identifiable, when Casino bets were committed by bankers, as criminal background.
Those papers were handled in amounts of wide over 50 trillions in Dollars of turnover per year, until the Crash on Wall Street came along, accompanied by SEC and Bush and Republicans.
3. SEC - FED - IMF etc.
This office was blind and stupid to the max, like as well the criminal FED, IMF and Worldbank. Under the spell of Neo-conservative liberalism U.S. Style, any crime was allowed. Whereas SEC gave out instructions, how European banks should behave with the white-wash-money business, they kept silent and ignorant with all the procedures of Hedge funds, AIG, Goldman Sachs, Lehman Brothers, Bear Stearns, Merrill Lynch, Moody's and all the rest of banking scrap.
This office was of NO value. Under the spell of US congress and criminal US Presidents with name Ronald Reagan, Bill Clinton, GW Bush and Obama, SEC and all other State controls were no longer in existence due to Chicago Boys doctrine, because the generations of super-profits was the religion of orthodox criminals around New York and City of London. Shareholder value was all. Commonsense for the Tea Party.
4. Blankfein and other crimes
This man is just a synonym for Fuld, Madoff and all other bankers and CEOs and Chiefs of banks, especially Investment banks and Hedge funds, throughout the world. All Chiefs of States, all presidents, all parliaments knew about the criminal energy of the western bankers, and not one stopped the craze - tearing by the end the whole world in an endless spiral down to hell, from 2008 to 2015 and perhaps wide over that period of time.
5. Obama and his "Experts" Summers and Geithner etc.
Obama is surrounded by stupid advisers who were at the source of the crime. And therefore he has sent trillions of dollars behind the junk paper Wall Street business in America and did not have any dime for Main Street. But the much greater criminals are the Republicans who threw sand in the eyes of all Americans with their politics of Ronald and GW Bush and making out of Alan Greenspan a hero of zero ethics.
6. Sarah Palin's Tea Party
And today we have the Tea Party around Sarah Palin and Glenn Beck, pretending Obama and his government would be the criminals, when it was GW Bush, Karl Rove, Rumsfeld, Cheney, Greenspan and all the US congress with Republican majority.
7. Result of the Crash of Stock exchanges, banks and World Trade
We still have trillions of Dollars of junk in balance sheets of Hedge funds, banks, insurance, investment funds, at valuation allowed by FASB, far above the real zero value. When this fact is recognized, the falling to hell in economy can start all over. But neither Obama, nor Summers, nor Geithner, nor the Bank of China have the slightest idea about the extent of the real horror.
Therefore, let's have Americans drink Tea at the Palin Parties of idiots - before they fall to hell for good, based on their past, present and future blindness.
Rene Delavy - Berlin and Bournemouth
Author of many articles about tax fraud, tax-free skunks of rich folks not contributing to the budgets of their nations - all allowed by US congress and all other governments on this Globe.