Ben Bernanke The Bubble King

Video - Reuters financial writer Felix Salmon compares the bubble blowing records of Zimbabwe Ben and Alan Greenspan, with focus on QE2...

---

Felix from last week...

Video:  Felix Salmon says investment banks face massive legal risk due to the way they built their mortgage bonds.  He explains EXACTLY how banks built these bonds - with lies and cover-ups every step of the way.

This is a very good clip.  Runs 2 minutes.  Don't skip the last 30 seconds and Salmon's conclusion.

Story background:

• 80% of Citigroup's mortgages were defective

• Chris Whalen Video On Foreclosures, Loan Put Backs & Bank Risk

• David Faber: Mortgage Put-Backs Don't Require Fraud Just Inaccuracy

---

Subscribe to RSS headline updates from:
Powered by FeedBurner

 

Comments

[DailyBail]

i'm done with the site for the next few hours...will check back in later...

[Cheyenne]

Hey, Ben and Timmy, you thieving motherfuckers.

You have no idea what's about to hit you. I hope all those PhD's can figure out how to pull rusty shivs out of Wall Street livers witout bleed-out, gangrene, or otherwise infectious death.

If I'm to trust Vegas, I put you at a generous 38-1 shot. Unless you shitheads, of course, can produce a more accurate book. Which you can't, idiots. For this reason, I'm going to Vegas on your dime and I'm winning. But I ain't paying you milque toaste motherfuckers jack shit in taxes, even when I gotta cash say 38 signers on the $756 dime super.

Me and my crew are street fighters, motherfucker, and we're coming public to see who gonna stop who. You game, Timmy and Benny?

[JoJo]

I's suggest a revamp---check out the interest rates for resedential and commericial---alot more than O interest rates.got it all wrong--it;s the banks who seek loans from the feds at O interest rates,I get .250% from my bank-- posted sigh--Fixed rate home mortgages--5%--floating--3%

really sucks!

[Texas Dar]

Me and my crew are street fighters, motherfucker, and we're coming public to see who gonna stop who. You game, Timmy and Benny?

@| Cheyenne Good to see im not alone with my goverment anger getting the best of me...........!