I however don’t believe for a minute that there was a conspiracy or plan with handlers executing the details every step along the way.
.[/quote]
You don’t need to handle it – its self-perpetuating once set into motion. Once you understand the socioeconomic phenomena of a bubble and how the system will act – you just need to set it into motion and everybody will do their part. Maybe a little arm twisting at ratings agencies. But pretty much all you have to do is set the stage. We’ve been having bubbles for a thousand years and they are very very well understood.
It’s apparent it was known buy the tops of the industry in 2006 when officials were denying it. Actually emails came out where low level MBS traders were laughing at how it was all going to blow up from 2006.
If we did not have the wars and the bubble the US would have been in depression in 2001-2002 because they country had been gutted from 30 years of polices.
Interestingly the Feds mandate is to protect from bubbles. Which Bernanke and Greenspan were denying in 2006. So you trust Bernanke why, brian? He either does not know what he is doing or is a liar?
