The Pentagon is paying contractors to claim that it was foreign financial terrorists - instead of fraud by American financial executives - which caused the 2008 financial crisis.
While a Pentagon contractor said, “This is the equivalent of box cutters on an airplane,” Paul Backen - a Yale University professor who has studied economic warfare - said he saw “no convincing evidence that ‘outside forces’ colluded to bring about the 2008 crisis.”
Indeed, the claim that terrorism caused the financial crisis is about as believable as Gaddafi trying to blame the Libyan protests on Osama Bin Laden, or al-Maliki blaming Al Qaeda for the Iraqi protests.
But it's not an isolated incident. In fact, the government is trying in many ways to convince us that financial fraud is isolated, not systemic, and - most of all - not important to rein in.'
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"....financial fraud is isolated, not systemic..."
ReplyDeleteWell, that's a lie. Many banks willingly took part with gangs of criminals, ncluding corrupt Solicitors, Brokers and Valuers, etc then when the shit hit the fan tried to blame many innocent people, the easy targets.
I would say it was common practice, both in UK and abroad.
Besides, if they were isolated incidents, how come some individuals were able to buy 20 houses? That doesn't see like an isolated incident to me.
Oh, and how is it that Solicitors were able to make off with millions? If that was any customer who owed £20 for example, they wouldn't hear the end of it.
Solicitors mange to transfer millions out of the contry and nobody saw or heard anything? Sounds too far fetched. Had to have had some inside help, also 8 million pounds worth of mortgages is a lot of houses for banks not to notice anything or the so called Mickey mouse regulator, FSA.
Actually, I have researched this quite extensivly and read and re-read over the years, many inside jobs going on there, so don't be fooled.
I just re-read this. When I am tired, my spelling gets terrible. I can actually spell correctly. So many typos in my post above, terrible.
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