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longship

(40,416 posts)
16. The same corporate malfeasance that gave rise to Joseph Cassano!
Wed Jan 9, 2013, 01:46 AM
Jan 2013

And here he is:


He is the single guy who crashed the world economy. BTW, he isn't in prison because what he did was all legal.

Read about it here: The Big Short: Inside the Doomsday Machine, by Michael Lewis.

We're screwed. The 2008-2009 bailouts were orchestrated by the very institutions that caused a near global economic meltdown.

Another read which will have you sick to your stomach: Too Big To Fail by Andrew Ross Sorkin. The story behind Treasury's 800 billion dollar bailout. Also, a good HBO movie: here. An all star cast. Scary shit went down; and Paulson did not have a clue of what was happening. They were more worried about politics.

And it hasn't changed since then.

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