Bank Crisis 101 - The Simplest Explanation You Will Find

bumped by roxy. Originally published 2008-09-26 10:25:49 -1000

They try to hide what it is using fancy words like credit derivatives. Over and over again they tell you it is too complicated for the average person to understand.

They are lying to you. [shock!]

You can easily understand this if you read these pieces together. They keep talking about mortgages but they are the smallest part of this entire "shitpile." It is a scam and the bushies have been waiting for months to unleash this "crisis" as an election issue.

Buy Your Shitpile? HELL NO!

Given what we know about the closed door meetings on Capitol Hill, I want to know what the meeting insiders - from the corrupt Bush administration on down to the supposedly surprised Senators and Representatives and including all of the other government officials that have known or just found out about this - have done with their own investment portfolios in the last little while.