Wall Street and Washington: Organized Crime in America

Wednesday, September 24, 2008

Wall Street and Washington Organized Crime in America

Organized crime in America, which was long associated with Tony Soprano wannabes, shifted to the major brokerage houses and current banking institutions on Wall Street, as well as major and smaller banks across America and the mortgage brokers that worked with them. The extent to which actual criminal activities occurred is being investigated by the FBI, but ethical and moral crimes were committed on a daily basis by people driven by greed and unbelievable ignorance of the cumulative effects of their money manipulation policies and tactics.

http://senseandnonsensnb.blogspot.com/2008/09/organized-crime-in-america.html

Great Depression of 2008

Monday, September 22, 2008

It’s a scary headline, but one that could have easily happened if the “Great Bailout of 2008″ wasn’t proposed last week. Last Wednesday morning commercial paper that companies need for everyday business was frozen and a run on money market funds had begun. Lehman Brothers was no more, AIG was about to disappear, Merrill Lynch had been bought by Bank of America, and Morgan Stanley and Goldman Sachs were on the ropes with their futures in doubt. And this was only a part of the nightmare scenario.

http://senseandnonsensnb.blogspot.com/2008/09/great-depression-of-2008.html