Inside Job – 2008 Meltdown

subprime loans, standard & poors – moody – & fitch NEVER being held accountable for their AAA credit ratings for subprime mortgages, unregulated derivatives & credit default swaps, 43 to 1 ratio leverage by banks allowed by the FED, politicians and regulators. Unlike the 1980’s Savings and Loan crisis where 1,200 banks were closed and bankers JAILED by the RTC, in 2008 bankers and Wall Street were promoted, given raises and huge bonuses !

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: