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Post by jeffolie on Jul 16, 2007 13:12:33 GMT -6
Zombie Financial Media: Report on sub-prime fiasco
Cool short video:
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Post by unlawflcombatnt on Jul 16, 2007 14:26:07 GMT -6
Excellent.
A national financial calamity has never been predicted by the "experts", even when the warning signs were obvious. In many cases, the "experts" have even denied the truth while the calamity was actually occurring.
It's hard to tell where the "experts" delusional thinking ends, and the dishonest public disseminations begin.
Clearly in Bear Stearns case, it's better that no one actually knows the truth. If the true market value of all their shaky financial 'instruments' was known by the general public, they'd collapse like a house of cards in a hurricane.
This isn't a matter of the public "can't handle the truth."
It's that the industry "can't handle the public knowing the truth."
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