What Caused The 2008 Crash?

Orlando Kimber writes –

To understand the behaviours and practices that led to the 2008 crisis, watch the shocking documentary film ‘Inside Job’ narrated by Matt Damon. Whilst many of the points have been well covered in the past, this is the first time they’ve been presented in one place at one time.

According to the film, the self-created perfect storm included (in no particular order):

Banks betting on companies to fail
Banks permitted to leverage capital by a multiple of 33
Deliberate de-regulation of banks by the US government from 1981
Corporations insuring assets that they didn’t actually own
Investees avoiding accountability to the investor along the whole value chain
Investors removed two steps from the assets in the value chain
Bank and finance company employees using prostitution and drugs ‘for sales promotions’
Commercial banks used retail assets for investments.
Heads of economics departments in higher education were on the payroll of banks
Economics programmes in higher education reflected the banks interests
Alleged objective financial studies e.g. ‘The Solvency of Iceland’, were influenced in the same way
Debt was repackaged and resold
Ratings were applied to packages after sale, not before
Ratings companies misled about ratings, later to say that they ‘only expressed opinions’.
Ratings companies were slow or negligent in responding to changes
Properties could be mortgaged on a high multiple with no due diligence of credit

‘Inside Job’ is available on DVD from Sony Pictures.
TAP – thanks for that lot, Orlando. It’s a good and simple explanation.

www.shortflightsofthought.blogspot.com

Scotty adds

I haven’t seen this film yet but it sounds promising. Hopefully, especially as the film is legitimised with a ‘star’ like Matt Damon narrating, people will see what’s been done to us.
I’m having great trouble convincing a lawyer friend of mine that anything is wrong at all. Even with the international banking and corporate cabal actually taking over nations directly (Ireland, Greece, Italy) she still thinks that all is ok.

She admits that we’ve dropped capitalism and ‘moved in to something else, which nobody really understands’. I’m always trying to inform people of what I believe is really happening. You’d think some of them were on board of Goldman Sachs or J P Morgan, the way they argue for and defend the actions of banks and the governments which represent them. I’m talking about ‘educated’ people as well, in good positions.

Facing up to the truth is very hard, even when the weight of evidence is overwhelming. People are so completely intoxicated on the rubbish they are fed by the corporate media, they’re often not able to see outside of the worldview that has been created for us. In fact, other opinions are seen as threats to perceived ‘stability’; people often react as if their personal security is being threatened. And they’re right, it is. Not by me though!

TAP If people want to be able to perceive the real events, they need to disconnect themselves from the main media which holds them back, and throws them little deceptions every time it talks. But as you say, most don’t want the fantasy world they live in to be dismantled. How will they be able to construct an alternative to live with? They should join us here on The Tap every day! It’s not too bad once you get used to it. In fact you know you are dealing with issues which otherwise will not even occur to people as being issues. Take a deep breath, and jump!

The Tap Blog is a collective of like-minded researchers and writers who’ve joined forces to distribute information and voice opinions avoided by the world’s media.
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3 Responses to “What Caused The 2008 Crash?”

  1. Scotty says:

    I haven’t seen this film yet but it sounds promising. Hopefully, especially as the film is legitimised with a ‘star’ like Matt Damon narrating, people will see what’s been done to us.
    I’m having great trouble convincing a lawyer friend of mine that anything is wrong at all. Even with the international banking and corporate cabal actually taking over nations directly (Ireland, Greece, Italy) she still thinks that all is ok.
    She admits that we’ve dropped capitalism and ‘moved in to something else, which nobody really understands’. I’m always trying to inform people of what I believe is really happening. You’d think some of them were on board of Goldman Sachs or J P Morgan, the way they argue for and defend the actions of banks and the governments which represent them. I’m talking about ‘educated’ people as well, in good positions.
    Facing up to the truth is very hard, even when the weight of evidence is overwhelming. People are so completely intoxicated on the rubbish they are fed by the corporate media, they’re often not able to see outside of the worldview that has been created for us. In fact, other opinions are seen as threats to perceived ‘stability’; people often react as if their personal security is being threatened. And they’re right, it is. Not by me though!

  2. Tony_Opmoc says:

    I agree with the description though I haven’t seen the film. I witnessed the destruction of completely viable companies in 2008, by naked shorting, denial of working capital, and replacement of boards of directors with people specifically placed to destroy the companies. It cost many thousands of jobs in the UK alone. The same techniques have now been used to take over and destroy countries such as Greece and Italy, and impoverish most of the World.

    I like your blog except the very valid conspiracy theories are littered with those that do not conform to the basic principles of maths and physics. I appreciate that without a pre 1980’s education in Sciences, it is extremely difficult to tell the difference. Personally I don’t believe in UFO’s although I have seen one go straight over my house, and apparently land about half a mile to the North of me. I didn’t bother to go looking for aliens and they didn’t knock on my door. I was expecting Silvio Berlusconi to have Green blood, when someone bashed him in the face. To my amazement it was red, which is probably why he has been replaced by a banking lizard.

    Tony

  3. Tapestry says:

    Tony, we don’t run UFO stories except UFO’s as deception, to be used to instil fear. I have seen your general idea that we don’t get science right – which of us? and what aspects? you never say.

    You seem to have some personal experience of mind control. I wonder who you were working for.

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