The Financial Crisis Inquiry Commission (USA):
The Oil Bubble Cover-Up Continues
The Financial Crisis Inquiry Commission has been called upon to examine the financial and economic crisis that has gripped our country and explain its causes to the American people. We are keenly aware of the significance of our charge, given the economic damage that America has suffered in the wake of the greatest financial crisis since the Great Depression.
Our task was first to determine what happened and how it happened so that we could understand why it happened. Here we present our conclusions. We encourage the American people to join us in making their own assessments based on the evidence gathered in our inquiry. If we do not learn from history, we are unlikely to fully recover from it. Some on Wall Street and in Washington with a stake in the status quo may be tempted to wipe from memory the events of this crisis, or to suggest that no one could have foreseen or prevented them. This report endeavors to expose the facts, identify responsibility, unravel myths, and help us understand how the crisis could have been avoided. It is an attempt to record history, not to rewrite it, nor allow it to be rewritten . . . .
The subject of this report is of no small consequence to this nation. The profound events of 2007 and 2008 were neither bumps in the road nor an accentuated dip in the financial and business cycles we have come to expect in a free market economic system. This was a fundamental disruption—a financial upheaval, if you will—that wreaked havoc in communities and neighborhoods across this country.
As this report goes to print, there are more than 26 million Americans who are out of work, cannot find full-time work, or have given up looking for work. About four million families have lost their homes to foreclosure and another four and a half million have slipped into the foreclosure process or are seriously behind on their mortgage payments. Nearly $11 trillion in household wealth has vanished, with retirement accounts and life savings swept away. Businesses, large and small, have felt the sting of a deep recession. There is much anger about what has transpired, and justifiably so. Many people who abided by all the rules now find themselves out of work and uncertain about their future prospects. The collateral damage of this crisis has been real people and real communities. The impacts of this crisis are likely to be felt for a generation.
"CONCLUSIONS OF THE
FINANCIAL CRISIS INQUIRY COMMISSION"
While the criminal irresponsibility of the Wall Street and London City "investment bankers" and other "financial services" crooks and the politicians and regulators and lobbyists who serve and protect them and the corrupt wealth they all front for outlined in short in the report above is sickening enough; and their complete immunity to prison, still less the executions and total confiscations of assets they all so thoroughly deserve, even more so; and their rewards in "bail-out money" afterward even more so; and their going on since to more of the same in "bidness as usual" even more so—
Most sickening of all is what you'll not find in the report above:
Any mention whatsoever of the Oil Bubble of 2006-8, which greatest economic attack on the world in history stole $3T dollars and quite deliberately wrecked the world (and US) economies—unless you believe all those poor innocent naive Wall Street and London City "investment bankers" and other "financial services" crooks and the politicians and regulators and lobbyists who serve and protect them and the corrupt wealth they all front for didn't know exactly what they were doing—and imploded not only itself but all the lesser bubbles or distributed Ponzi schemes as well as ordinary Ponzi schemes like Bernie Madoff's in that collapse.
I repeat:
Any mention whatsoever of the Oil Bubble of 2006-8.
The fix is in, the lid is on, the greatest economic attack on the world in history is a non-event, dropped right down the global plutocratic memory hole . . . .
Who is your owner now?
Keywords: aristocracy, corruption, economic warfare, espionage, justice, Oil Bubble of 2006-8, plutocracy, subversion
Our task was first to determine what happened and how it happened so that we could understand why it happened. Here we present our conclusions. We encourage the American people to join us in making their own assessments based on the evidence gathered in our inquiry. If we do not learn from history, we are unlikely to fully recover from it. Some on Wall Street and in Washington with a stake in the status quo may be tempted to wipe from memory the events of this crisis, or to suggest that no one could have foreseen or prevented them. This report endeavors to expose the facts, identify responsibility, unravel myths, and help us understand how the crisis could have been avoided. It is an attempt to record history, not to rewrite it, nor allow it to be rewritten . . . .
The subject of this report is of no small consequence to this nation. The profound events of 2007 and 2008 were neither bumps in the road nor an accentuated dip in the financial and business cycles we have come to expect in a free market economic system. This was a fundamental disruption—a financial upheaval, if you will—that wreaked havoc in communities and neighborhoods across this country.
As this report goes to print, there are more than 26 million Americans who are out of work, cannot find full-time work, or have given up looking for work. About four million families have lost their homes to foreclosure and another four and a half million have slipped into the foreclosure process or are seriously behind on their mortgage payments. Nearly $11 trillion in household wealth has vanished, with retirement accounts and life savings swept away. Businesses, large and small, have felt the sting of a deep recession. There is much anger about what has transpired, and justifiably so. Many people who abided by all the rules now find themselves out of work and uncertain about their future prospects. The collateral damage of this crisis has been real people and real communities. The impacts of this crisis are likely to be felt for a generation.
"CONCLUSIONS OF THE
FINANCIAL CRISIS INQUIRY COMMISSION"
While the criminal irresponsibility of the Wall Street and London City "investment bankers" and other "financial services" crooks and the politicians and regulators and lobbyists who serve and protect them and the corrupt wealth they all front for outlined in short in the report above is sickening enough; and their complete immunity to prison, still less the executions and total confiscations of assets they all so thoroughly deserve, even more so; and their rewards in "bail-out money" afterward even more so; and their going on since to more of the same in "bidness as usual" even more so—
Most sickening of all is what you'll not find in the report above:
Any mention whatsoever of the Oil Bubble of 2006-8, which greatest economic attack on the world in history stole $3T dollars and quite deliberately wrecked the world (and US) economies—unless you believe all those poor innocent naive Wall Street and London City "investment bankers" and other "financial services" crooks and the politicians and regulators and lobbyists who serve and protect them and the corrupt wealth they all front for didn't know exactly what they were doing—and imploded not only itself but all the lesser bubbles or distributed Ponzi schemes as well as ordinary Ponzi schemes like Bernie Madoff's in that collapse.
I repeat:
Any mention whatsoever of the Oil Bubble of 2006-8.
The fix is in, the lid is on, the greatest economic attack on the world in history is a non-event, dropped right down the global plutocratic memory hole . . . .
Who is your owner now?
Keywords: aristocracy, corruption, economic warfare, espionage, justice, Oil Bubble of 2006-8, plutocracy, subversion
posted by John Kennard at 9:34 AM
2 Comments:
JDK----You are totally correct on all points and I suggest that the remainder of the world wake up and smell the rot! The rot brought about by unmitigated greed and selfishness. All stand up now and plead GUILTY of EVIL in the 1st degree. You all shall be executed by firing squad at daybreak. Subsequent to that your nasty little bodies shall be ground up into hamburger for the serpents of hell to devour after the 1st devour your unholy soul! So, bastards, how do you like that judgement! DIE DEMONS FROM HELL!!!!
JDK----You are totally correct on all points and I suggest that the remainder of the world wake up and smell the rot! The rot brought about by unmitigated greed and selfishness. All stand up now and plead GUILTY of EVIL in the 1st degree. You all shall be executed by firing squad at daybreak. Subsequent to that your nasty little bodies shall be ground up into hamburger for the serpents of hell to devour after the 1st devour your unholy soul! So, bastards, how do you like that judgement! DIE DEMONS FROM HELL!!!!
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