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Politics : Formerly About Advanced Micro Devices
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To: TimF who wrote (546005)1/25/2010 5:44:35 PM
From: koan  Read Replies (1) of 1575616
 
Are you aware that the economic meltdown that took place at the end of the BUSH adminsitration (in 2008) where Paulson got on his knees and begged Nancy Pelosi for 700 billion or the worlds economic system would collapse.

It was the unrgulated cde's and CDO's that casued the meltdown. 182 billion to AIG which was then funneled to goldman Sachs and 15 other large banks. 182 billion just to AIG and they kept it all secret. Bush and Paulson kept it ecret.

But the main point is that it was the right wing, who had controlled everything for the previosu 8 years that casudd this danger of another reat dpression and went to congress and said IF YOU DO NOT RESCUE US, THE WORLD ECONOMIC SYSTEM WILL CRASH.

The right wing said that, and it was the right wing that casued it, and it was the right wing that took the money from the people

CDS's and CDO's were the problem as they created no mark to market!
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