financial crisis = gross criminal negligence

Nov 20, 2008 at 4:35 AM
Wanna know why our financial crisis exists?

Read this fascinating insider view.

My jaw is DROPPING.


I'm effing unbelieving. Totally can't believe it.

Did I mention it is completely totally unbelievable? Shit.

(9 pages, but so worth it.)

P.S. See comments: There is ANOTHER amazing insider view, from inside the real estate crisis specifically. Thanks to Ann for pointing it out. I read it. Crikey.


  1. Grahame Says:

    Such obvious criminality and what does the government do? Hand over $700 billion to these criminals.

    It is sickening.

  2. Ann Says:

    Hey Desi,
    I remember hearing a program on NPR called "The Big Pool Of Money" quite a few months ago. (Do you know of it?) It was a terrific explanation of the mortgage crisis.
    Everything's connected somehow. It just has to be.
    It's absolutely frightening!

  3. desi Says:

    Wow. I'm reading. Found a transcript here.

    Thanks @Ann

  4. Shelley Says:

    Funny thing is when I was working in the mortgage industry 10 years ago they all knew this was coming....