A Bust for the Crisis Detectives

Mortgage Banking Magazine ^ | March 1, 2003 | Robert Stowe England

[WashingtonSource]

In a way, it has become one of the great, unsolved mysteries. What really caused the financial crisis and panics of 2007 and 2008? That was the assignment for the Financial Crisis Inquiry Commission, which Congress authorized with great fanfare in 2009.

The quest for the answer is not an idle pursuit. In fact, it is a vital, burning question that still commands wide public interest. The reason, of course, is because the aftermath of the financial crisis still is a considerable drag on the financial health and economic vitality of the nation.

[WashingtonSource]

This article is one of the few that exposes the FCIC as pretty much a sham. Under Angelides, they went out of their way to ignore the role of Fannie and Freddie in causing the crisis -- as well as ignoring evidence of fraud and market manipulation in their investigations.

[WashingtonSource]

Moderator, please correct date of article to March 1, 2011 — definitely NOT 2003!

[Christian Engineer Mass]

Financial terrorism suspected in 2008 economic crash

http://www.washingtontimes.com/news/2011/feb/28/financial-terrorism-suspected-in-08-economic-crash/

It took them 3 YEARS ot realize this? It was obvious to me on day one.

[WashingtonSource]

It’s fascinating that this newspaper account of this study finally surfaced. This study was done in 2009 and was made available to the Financial Crisis Inquiry Commission that year — and yet I couldn’t find any reference to it in their report. They ignored this report.

I wonder how the Daily Mirror (didn’t they break they story) got ahold of the report?

[Christian Engineer Mass]

“couldn’t find any reference to it in their report. They ignored this report”

Soros backing?

[WashingtonSource]

The majority report of the FCIC — all Democrats — certainly came to conclusions that fit the Soros agenda. He has been pushing the view that it was all the fault of laissez-faire free market capitalists.

[FromLori]

Wall Street’s Collapse to Be Mystery Forever

[WashingtonSource]

Interesting take. Since that article was written the commission posted the audio of many of its interviews (but not all, curiously).

I’ve listened to a few and the people doing the interviewing are not at all aggressive in trying to ferret out information. They are distracted by peripheral issues.

The people being interviewed run circles around the people doing the interviews. There are banks of lawyers representing clients present in the room.

The FCIC did find original material. The author of this article just had not gotten to that point yet in the report. They do not know what to make of what they uncovered which was quite damaging.

[FromLori]

That commission appears to be just another waste of taxpayer dollars. It left out so much. Recently Rajat Gupta was charged with insider trading that took place during the crisis for example and from everything that I have read nothing like that was covered what so ever by the commission.

Ex-Goldman Director Accused Of Leaking Inside Information

Rajat Gupta's Weird and Weak 'No Profits' Defense

[Mr. Jeeves]

I call it Communism++. Attempt to manufacture a history that fits the desired narrative, refuse to acknowledge all contrary facts and brand those who present them as liars, and reaching for all the control Mao Tse Tung and Josef Stalin achieved over their subjects while avoiding their two major errors: 1) Attempting to crush the free market instead of harnessing and controlling it, and 2) Letting the public know that an entity actually HAS power over them.

The statists are much smarter about pursuing their agenda this time around. Unfortunately, their opponents are still basking in the glow of Ronald Reagan's brief derailing of the statist agenda, and have gotten much dumber.