ECP NetHappenings Cause of the 2008 Great Financial Crisis

Wall Street’s out of control Financialization of Government

Oscar®-nominated documentary filmmaker Charles Ferguson clearly shows that the 2008 global financial Armageddon was no accident. It was predicted and could have been prevented. This compelling, serious, easy-to-follow film will make you want to raise your voice and declare…”Enough!” (Original Title – Inside Job (2010)) © 2010 Sony Pictures Classics Inc. https://www.youtube.com/watch?v=bYm_oEO5iyE

https://www.youtube.com/watch?v=bYm_oEO5iyE

The most overlooked part of the 2008 Great Financial Crisis was its cause. Sure, The Big Short is one of your favorite movies, so you know it had to do with credit rating agencies assigning AAA and AA ratings to subprime mortgages. But do you know why they were doing that?
In response to the Savings and Loan Crisis of the late 80s-early 90s, Congress passed regulatory and capital legislation in favor of Fannie Mae, a government sponsored entity (GSE) created in 1938 to support lenders who were struggling through The Great Depression.
https://twitter.com/laurenlself/status/1789000569249755409

Nobody was indicted, nobody was investigated, nobody went to jail!

NO INVESTIGATION – THEN YOU DON’T FIND THE CULPRITS!!!

Same F’ckers as today.

THIS IS WHY WE BITCOIN

 

JUST IN: Former PayPal President and Lightspark CEO David Marcus says every corporation in the world will end up using #Bitcoin Lightning to settle transactions.

 

1971 REAGAN STARTS IT – UNPEGS GOLD TO THE DOLLAR

petro dollar

 

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