Back to the future

So back in 2007 there was the Bear Stearns conference call, and comments thereafter. A year later, the government let Lehman fail, incomprehensible at the time – all the more so, given that a key decision maker had been CEO of Goldman Sachs. In light of the current activities of the Deep State, here is a piece that spreads the blame around. It doesn’t get into great detail on things like sub-prime lending, and like CDS’s, etc., but there were a lot of wise guys gaming the system, just like the wise guys do today. Indeed, today. Nasty.

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