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To: madison10

The public consensus was that the 2008 financial run on the banks was normal, nothing to see here.

The DOD report said that it was a concerted attack on our financial system. The report from the DOD report disappeared off the net.


43 posted on 08/29/2018 4:29:31 PM PDT by buffaloguy (MSM: Wind up dolls of the DNC.)
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To: buffaloguy

The DOD report was correct, and the aftermath was worse as the lending frenzy that went on and other actions made the banks fat and lazy.

Well Fargo among them, there is a lot stirring now but it was a power play and more was given to them than is known

Banksters


153 posted on 08/29/2018 8:57:40 PM PDT by 100American (Knowledge is knowing how, Wisdom is knowing when)
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To: buffaloguy

It was most definitely a planned attack on mortgage markets made possible by the repeal of Glass-Steagall in 1999.

One film has dramatized some of the elements of the attack but rendered it too hypertechnical for most to follow. The film was”The Big Short” adapted from Michael Lewis’s novel.

Other films will be made about it that describe the human devastation the attack caused.

Clinton signed the repeal of Glass-Steagall in 1999.

Former Republican US Senator Phil Graham was a main sponsor for the repeal of Glass-Steagall. He’s been hiding for years.

George W. Bush told the SEC and other government agencies to stand down from enforcement when they observed the massive fraud taking place.

Obama had people reach hundreds of billions of dollars in settlements with big banks caught in the fraud, he steered the settlement funds to cronies and never prosecuted one criminal banker. The settlement funds were to relieve homeowners and builders who were wronged in the financial crisis but the funds never provided any relief.

Trump’s plan to right the wrongs is still not in the open. But at least under his term, his DOJ did bring a criminal suit against the former CEO of Deutschebank, the first such prosecution ever of one of the big banks involved in the massive fraud described as “The Greatest Heist In US History”, totally trillions and trillions.


424 posted on 08/30/2018 11:54:59 AM PDT by Hostage (Article V (Proud Member of the Deranged Q Fringe))
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