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Dylan Ratigan is Angry
By Gary Anderson of Squidoo Lensmaster
Dylan Ratigan is angry that the housing crisis was permitted to run on in the first place. Mr Ratigan realizes that the leverage of the investment banks and the efforts by them to sell dangerous mortgage backed bonds throughout the entire world caused this excessive demand for mortgage paper. At the same time this demand was increasing the underwriting quality backing these mortgages was declining. Dylan is angry and aren't you too? It was reported on 12/01/08 that the Bush admin knew years before that the no money down loans would lead to financial ruin and they let the bubble run on. It is my contention that it was the fed plan and the Bush admin plan to create that bubble in order to pay for a stealing, lying war in Iraq. Now, Ratigan agrees with a military guy who has no credit by now, that the leveraging by the banks is a treasonous act because they knew their acts, their reckless betting, was not sustainable. It is my view that this treason reaches ALL THE WAY UP TO THE WHITE HOUSE. The reason the powers that be will not count this behavior of economic suicide as being treasonous is because they may want to start another bubble somewhere else down the road. As one CNBC guest said, the Chinese make things and we just sell insurance to each other. Yep, we may not have serious economic growth without another bubble. I hope I am WRONG.
This intel first appeared on: http://www.squidoo.com/dylan_ratigan
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http://bgamall.qondio.com/
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This intel was contributed by bgamall
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May, 2012
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