5 Years Ago This Month – The Financial Meltdown

Have you forgotten? I bet you think about it, but irregularly and with the edge gone.

Please don’t do that. Remember the number of lives, careers, and families destroyed by the intentional fraud of the financial houses and the banks. No, I am not a conspiracy buff or a Doctor Doom. But I have a memory and I read. The bottom line is that the markets gambled with your money, played a Ponzi scheme with bad debt, and in the final coup de grace made you pay for it by raising the federal budget and pumping money into the fed to keep interest rates so low that the common man’s savings no longer support him with decent interest.

The writings of Matt Taibbi have been “go to” for me during this time.

Griftopia: A Story of Bankers, Politicians, and the Most Audacious Power Grab in American History

The Great American Bubble Machine
This is the article where he describes Goldman Sachs famously – The world’s most powerful investment bank is a great vampire squid wrapped around the face of      humanity, relentlessly jamming its blood funnel into anything that smells like money.

Wall Street’s Bailout Hustle

The People v. Goldman Sachs

Matt Taibbi: Libor Rate-Fixing Scandal “Biggest Insider Trading You Could Ever Imagine”

Wall Street’s Naked Swindle

Just google Matt Taibbi and the financial crisis and read to your heart’s disgust. If I were doing it all over again (life and ministry), I would make one of my biggest contributions to society the tracking down and identification of these kind of financial scandals that leave the working guy paying the bills of Wall Street schemes. It’s a fixed game. Congressman need Wall Street money to fund their campaigns and keep them in perks. Not much help there. The only thing to do is keep it on the front burner until the people finally rise up. And when they rise up, they can fix it.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s