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How the Markets Really Work


In 2007, this was pretty funny, but today, it's more like an actual description of what has gone down.

If comedians were able to see this coming before it happened...and make fun of it, then who was asleep at the wheel?

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This past August the LA Times reported that a top FBI official warned in 2004 of the recent mortgage meltdown.

WASHINGTON — Long before the mortgage crisis began rocking Main Street and Wall Street, a top FBI official made a chilling, if little-noticed, prediction: The booming mortgage business, fueled by low interest rates and soaring home values, was starting to attract shady operators and billions in losses were possible.

“It has the potential to be an epidemic,” Chris Swecker, the FBI official in charge of criminal investigations, told reporters in September 2004. But, he added reassuringly, the FBI was on the case. “We think we can prevent a problem that could have as much impact as the S&L crisis,” he said.

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Excellent video find, C4. While Rome burned, etc.. Thanks.

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If this post disappears overnight, will you re-post it tomorrow so that more people can see the video?

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I was raised by a kindly old gentleman in the wilderness near the Rio Branco. He died of natural causes when I was 16, and I drifted down river in a bark canoe not knowing what I would find and eventually arrived at a settlement of Franciscan missionaries.It was then I discovered that we had not been the only white men left after the Nuclear Holocaust, that in fact, there had never been a Nuclear Holocaust, and there was no need to forge our own bronze and iron and live off the bounty of the rain forest. I was probably kidnapped as a small child. I have dim memories of someone called Mae and Pai. I wandered the Pan American highway till I settled for a time in Zipolite, Mexico, where I worked as a silversmith. Eventually I met a beautiful young woman who was independently wealthy and she married me and took me to live in N Ca where we live on a cliff overlooking the Pacific. I have my own forge, and do blacksmithing for the local horses, in addition to my silver and bronze work. Adaptation to modern civilization has been a challenge for me ever since I realized I was deprived of my natural family and raised by someone who, though kind, must have been something of a lunatic. He did teach me many practical survival skills, however so I guess he wasn't all bad. I have ambivalent feelings about my whole childhood.

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