Comments on: A brilliant and simple guide to how we are being lied to about the meltdown http://blownmortgage.com/2009/04/07/a-brilliant-and-simple-guide-to-how-we-are-being-lied-to-about-the-meltdown/ #1 Free Home Loan Modification & Debt Relief Help For US Home Owners - Truths, Facts & News About the Mortgage Industry Sat, 07 Nov 2009 02:53:18 -0700 http://wordpress.org/?v=2.8.3 hourly 1 By: adios amigos http://blownmortgage.com/2009/04/07/a-brilliant-and-simple-guide-to-how-we-are-being-lied-to-about-the-meltdown/comment-page-1/#comment-45773 adios amigos Tue, 07 Apr 2009 19:12:18 +0000 http://blownmortgage.com/?p=2880#comment-45773 The entire American economy is a shell game. Your economy makes Madoff's Ponzi look like petty theft. America has grenaded our pension funds ove here in N. Europe. You stole our savings, and in my case, thirty years worth. Your pathetic. But remember, we will never forget what you id here, nor will our children Take your toxic BS investments and go to hell. WE"RRE DONE WITH YOU AMERICA. Steal your own lifes savings from now on....thas all you have left to do. "WE", the other 95% of global population just had our suspicions about you confirmed: YOU CAN"T BE TRUSTED. The entire American economy is a shell game. Your economy makes Madoff's Ponzi look like petty theft. America has grenaded our pension funds ove here in N. Europe. You stole our savings, and in my case, thirty years worth. Your pathetic. But remember, we will never forget what you id here, nor will our children Take your toxic BS investments and go to hell. WE”RRE DONE WITH YOU AMERICA. Steal your own lifes savings from now on….thas all you have left to do. “WE”, the other 95% of global population just had our suspicions about you confirmed: YOU CAN”T BE TRUSTED.

]]> By: Constantine von Hoffman http://blownmortgage.com/2009/04/07/a-brilliant-and-simple-guide-to-how-we-are-being-lied-to-about-the-meltdown/comment-page-1/#comment-45772 Constantine von Hoffman Tue, 07 Apr 2009 18:53:47 +0000 http://blownmortgage.com/?p=2880#comment-45772 I agree with you John. The mortgage fiasco is certainly a part of this shell game. I agree with you John. The mortgage fiasco is certainly a part of this shell game.

]]> By: John McLeod http://blownmortgage.com/2009/04/07/a-brilliant-and-simple-guide-to-how-we-are-being-lied-to-about-the-meltdown/comment-page-1/#comment-45769 John McLeod Tue, 07 Apr 2009 16:42:07 +0000 http://blownmortgage.com/?p=2880#comment-45769 Haven't yet watched the interview (my bad) but promise to **real soon now**. Meanwhile would like to assert (for the upteenth ...) that what we are experiencing is balance sheet consolidation and the number of the beast is "140," the FASB rule (now being retired) that let company hide risk in off-balance-sheet vehicles like Enron's (and Fannie's) beloved QSPEs. But the biggest off-balance-sheet deal ever was when Johnson privatized Fannie in 1968. At a deep level, what's happening is America taking the expenses of the Vietnam (and subsequent) wars back on its sovereign balance sheet. The markets first collectively heard the rumblings of this on July 7, 2008, and that's why the present phase of the avalanche started on that day.<br><br>Looking forward to how close Black gets to this trope. Haven't yet watched the interview (my bad) but promise to **real soon now**. Meanwhile would like to assert (for the upteenth …) that what we are experiencing is balance sheet consolidation and the number of the beast is “140,” the FASB rule (now being retired) that let company hide risk in off-balance-sheet vehicles like Enron's (and Fannie's) beloved QSPEs. But the biggest off-balance-sheet deal ever was when Johnson privatized Fannie in 1968. At a deep level, what's happening is America taking the expenses of the Vietnam (and subsequent) wars back on its sovereign balance sheet. The markets first collectively heard the rumblings of this on July 7, 2008, and that's why the present phase of the avalanche started on that day.

Looking forward to how close Black gets to this trope.

]]> By: just4laughs http://blownmortgage.com/2009/04/07/a-brilliant-and-simple-guide-to-how-we-are-being-lied-to-about-the-meltdown/comment-page-1/#comment-45768 just4laughs Tue, 07 Apr 2009 16:01:19 +0000 http://blownmortgage.com/?p=2880#comment-45768 You know that this is a liars game and this is evident in the last manipulation involving easing the mark-to -market accounting rules. This was done so that the banks can now value their assets at almost par, giving them instant revitalization, sort of like the energizer bunny coming back to life from a jolt of voltage. Excuse me, but if lies of such proportions are permitted why was this not done right from the beginning and instead the Fed printed trillions of dollars to revitalize the financial system at the risk of depreciating the currency? You know that this is a liars game and this is evident in the last manipulation involving easing the mark-to -market accounting rules. This was done so that the banks can now value their assets at almost par, giving them instant revitalization, sort of like the energizer bunny coming back to life from a jolt of voltage. Excuse me, but if lies of such proportions are permitted why was this not done right from the beginning and instead the Fed printed trillions of dollars to revitalize the financial system at the risk of depreciating the currency?

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