60 Minutes Exposes United States Financial Collapse ~VIDEO
In this 60 Minutes report, youll learn about a handful of Wall Street outsiders who realized the subprime mortgage business was a house of cards and found a way to bet against it. Michael Lewis talks about the current situation on Wall Street, the large bonuses still being paid and his predictions for the future of the industry.
Michael Lewis was also interviewed on Charlie Rose on March 16th. To see that video, please see this link.
The second video details the tactics employed by Lehman Brothers to effectively hide their crumbling financial status.
Id like to note that the 60 Minutes report was sponsored by Pfizer, and features a prominent ad for Lipitor off to the side of the Web page. Isn’t it interesting that one of the largest industries responsible for the collapse of the economy is sponsoring this?
This is the company that has distorted and manipulated the truth so that people will pay hundreds of dollars for worthless and dangerous drugs that in no way, shape or form address their health issue, yet they are hoodwinked into believing that if they don’t take them their life is at stake. [snip]
Thanks a Lot, JP Morgan Chase
JPMorgan Chase instructed homeowners to stop making mortgage payments, as that was the only way to be considered for a loan modification, then repossessed their house when they followed the bank’s advice, a couple claims in Federal Court. “I’ve seen this happen to so many people,” their attorney said. [snip]
The Soros 26 — Secret Team To Rewrite Economics
Business Insider | George Soros has brought together a crack team of the worlds top economists and financial thinkers.