The more rational part of me didn't want to believe that the 2008 financial crisis was engineered by the Illuminati and its puppet Bush regime as a parting gift to the incoming socialist apparatchiks. Yet nagging suspicions remained, particularly with regard to the impeccable timing and the resulting political fallout that elevated even lesser, poorly crafted and expendable marionettes of mass distraction like Sarah Palin and Glenn Beck to the national stage, imparting folk hero status no less.
I read books (House of Cards, a look at the personalities and the gamesmanship, and Too Big to Fail, a relatively sterile AP stylebook chronicle of events with some looks behind the scenes based on contemporaneous emails and notes), in hopes of understanding what happened. These books sort of answer what happened, but, for me at least, didn't pin down the "how" or "why."
A more cynical person might long ago have concluded that the disaster was engineered as one last frat boy raid on the Treasury liquor cabinet before the cops came to shut down the party. So that would be the "why." But the question remains: How? Who pushed what little red button to activate what weapon of mass financial destruction as they ran out the back door?
This article may be the final piece of the puzzle, or at least provide clues between the lines.
Meanwhile, the Masters of the Universe have retreated to the caves (which for some are corner offices at the Treasury and the Federal Reserve), waiting for the political carpet bombing response that never came. The marionettes, strings once connecting them to the Invisible Hand severed, continue twitching and flailing about on stage with reflexive muscle memory. And disaster victims gather in places like Nashville to idolize the marionettes and deify the "free market" grifters who wiped out their 401Ks.
OK, then.
</tinfoilhat>
|
|
Discussing:
- Are Chat bots a waste of time? (1 reply)
- Smith & Wesson noise problem (1 reply)
- Musicians dropping out of President's Freedom Concert Series (1 reply)
- It's time for new blood in Congress, Barnett in - Burchett out (1 reply)
- Burning Down The House... (2 replies)
- Behind Lege Lies (1 reply)
- Peace (1 reply)
- Speak your truth, fight and believe. (1 reply)
- Large banks have too much AI data center debt? (1 reply)
- GOP misleading on federal health care funding (1 reply)
- Feds indict civil rights group (3 replies)
- Georgia issues burn ban, first time in state history (2 replies)
TN Progressive
- Smith & Wesson not a good fit for Blount County (BlountViews)
- Pellissippi Parkway extension delayed again (BlountViews)
- Blount County early voting record turnout (BlountViews)
- Louisville, TN, town center coming soon? (BlountViews)
- WATCH THIS SPACE. (Left Wing Cracker)
- America As It Is Right Now (RoaneViews)
- A friend sent this: From Captain McElwee's Tall Tales of Roane County (RoaneViews)
- The Meidas Touch (RoaneViews)
- Massive Security Breach Analysis (RoaneViews)
- (Whitescreek Journal)
- My choices in the August election (Left Wing Cracker)
- July 4, 2024 - aka The Twilight Zone (Joe Powell)
TN Politics
- Local Tennessee officials are putting data center plans on ice to consider regulations (TN Lookout)
- Judge blocks Trump’s ‘anti-weaponization’ fund until government agrees it’s been dissolved (TN Lookout)
- Five laws passed by Tennessee lawmakers in 2026 face legal challenges, so far (TN Lookout)
- Tennessee’s “Nuclear Family Month” is a slap in the face of dads fighting for their children (TN Lookout)
- Firearms drive majority of veteran suicides, federal data shows (TN Lookout)
- Judge allows UFC cage matches to go ahead on White House lawn (TN Lookout)
Knox TN Today
- Famous DGG is out there, DeSean Bishop is here (Knox TN Today)
- Thomas Cole: New KFD Asst. Chief, 134th Wing’s Chief Master Sergeant (Knox TN Today)
- Chris Bryant + Winston Fellows + D-Day for Derek Dooley ++ (Knox TN Today)
- Meet Miley, Monday’s Parent-A-Child (Knox TN Today)
- Dr. Conrad Ivie performs first of a kind surgery in the state (Knox TN Today)
- Mission Monday: Today’s focus on YWCA Knoxville’s Victim Advocacy Program (Knox TN Today)
- 6/15 HEADLINES: News and events from Knox, World, USA, Tennessee & Historic Notes (Knox TN Today)
- The Knox County Sheriff Primary will stand. Here’s what the GOP board was really deciding. (Knox TN Today)
- Knoxville Street Medicine seeks to support the unhoused (Knox TN Today)
- Vols win 4×100 relay, team is third in NCAA track (Knox TN Today)
- PAT the play returns to the stage in June (Knox TN Today)
- Easy Bacon & Swiss Quiche: Breakfast meal prep (Knox TN Today)
Local TV News
- Pop-up clinics offer free medical care services in Knoxville, Del Rio (WATE)
- Road in Knoxville closes for 15 days of repairs (WATE)
- TBI releases statement on 5-year mark of Summer Wells' disappearance (WATE)
- Teen charged with murder in Roane County faces new charges after police chase (WATE)
- Low humidity through mid-week (WATE)
- Two missing children found safe after Knoxville Police ask public's help (WATE)
News Sentinel
State News
- Mark Steadman Obituary - Chattanooga Times Free Press (Times Free Press)
- Teen charged in connection with disappearance of Collegedale man - Chattanooga Times Free Press (Times Free Press)
- Chattanooga’s July 4 drone show needed federal approval due to Spanish national team - Chattanooga Times Free Press (Times Free Press)
- Losing Ground: Historic Black neighborhoods in Chattanooga face new pressures - Chattanooga Times Free Press (Times Free Press)
Wire Reports
- U.S., Iran reach a deal to end fighting, both sides say - The Washington Post (US News)
- Stock Market Today: Stock Futures Rally, Oil Drops After U.S.-Iran Deal - WSJ (Business)
- SpaceX set to extend rally after record Wall Street debut - Reuters (Business)
- KFC's The Colonel gets a subtle makeover in new rebrand - Creative Bloq (Business)
- FOX CORPORATION TO ACQUIRE ROKU, INC. - PR Newswire (Business)
- "They screwed us": Personality clashes sent Anthropic's models offline - Axios (Business)
- Mrs. Dow Jones: The American dream is 'very dead' for millennials and Gen Z - Business Insider (Business)
- US: Skydiving plane crash leaves 12 people dead in Missouri - dw.com (US News)
- 5 members to watch as the Freedom Caucus transforms - Politico (US News)
- Fed Chair Kevin Warsh and the FOMC Will Likely Take the First Step Toward Dropping the Hammer on Trumpflation This Week - Yahoo Finance (Business)
- Person rescued from vehicle in Austin flash flooding as dozens of roads remain closed - KUT (US News)
- Trump won't back FISA renewal without his SAVE America Act voting bill - Axios (US News)
- Meet Gwynne Shotwell, the engineer-turned-COO who runs SpaceX in platform heels and is now worth over $2 billion - Fortune (Business)
- Trump, 80, Gets Ultimate Birthday Humiliation on Fight Night - The Daily Beast (US News)
- In Georgia, Senate hopeful Mike Collins celebrates being Trump's latest 'MAGA' pick in GOP primaries - AP News (US News)
Local Media
Lost Medicaid Funding
Search and Archives
TN Progressive
Nearby:
- Blount Dems
- Herston TN Family Law
- Inside of Knoxville
- Instapundit
- Jack Lail
- Jim Stovall
- Knox Dems
- MoxCarm Blue Streak
- Outdoor Knoxville
- Pittman Properties
- Reality Me
- Stop Alcoa Parkway
Beyond:
- Nashville Scene
- Nashville Post
- Smart City Memphis
- TN Dems
- TN Journal
- TN Lookout
- Bob Stepno
- Facing South

well
I don't think it is a tin foil hat mentality to think that Goldman Sachs might be just a little bit responsible for the financial melt down.
GS principals are crawling all over this administration and the previous one in advisory capacities. Their great minds are the ones advocating the privatization of social security, and the GS brain trust was behind the Tarp idea, whereby GS lost nothing and everybody else rolled over and handed their money over to them, basically. And, they get paid for their clever ideas with massive bonuses. Something ain't right, IMO.
Huh?
"Goldman Sachs" is the new "Rothschild" liabel. Stop it.
Huh? I get your reference, but, huh?
Great rant! I too agree
Great rant! I too agree Goldman Sachs, and the previous administration, could easily have manipulated this crisis. So far they are getting away with it. It's time to take some of these people out of the loop (Geithner) and do a re-boot. I think there are plenty of highly intelligent people that can be brought in to study the situation and make good recommendations. Of course, placating the Republicans (as is being pursued right now) will just cause a blue screen instead of a clean successful re-boot.
Just read this reader's
Just read this reader's comment about the NYT story on HuffPo:
Step 1: buy 5 insurance policies on a house you don't own.
Step 2: burn down the house
Step 3: profit!
That is a fairly good synopsis of what happened in three easy to understand points.
Greece: the new AIG? With the
Greece: the new AIG?
http://www.rollingstone.com/p
(link...)
Matt Taibbi explains the cons...