Germany and the Sup-Prime Crisis

[Rifleman]

Since the Komrade chose to ignore the post about this subject, I decided to post it where the adults could comment:Deutsche Bank's $5 Bilion short

[i]Deutsche Bank built a $5 billion short against the subprime market (Lippmann says he had to fight to get them to do it). A trader who worked for Deutsche Bank even wrote a song about it. It's called "CDO Oh Baby," and it's set to the Vanilla Ice song.

Lippmanns defense for "duping" and writing the above is this: He was "grasping at things" to prove he was right in his short position.



Read more: http://articles.businessinsider.com/...#ixzz1kDf6AYsG

Basically, as was aledged against Goldman Sachs, the Deutsche Bank built ip a massive "short" position against the investments in the Sub-Prime Debacle, that it was selling to its own clients. I beleive, that this is just now coming to light, to serve as an excuse for a bad Obama economy, which is WHY Senator Levin, (D Michigan) is involved. The Komrade choes to ignore it because he always has defended Germany as NOT getting involved in this type of thing, which he characterizes as "Capitalism", Not unethical and possibly criminal activity. He also claims that the same Sub-Prime mortgage debacle, IS the result of the same Capitalism, and NOT bad DimocRAT policy and corruption.

So, to recap, the German bank profited mightily from shorting the Prime Mortgage market, as well as other Euro-peom banks who got low or no interest loans form the Fed, and have received money from the various QE programs. Therefore, Europe is somewhat responsible for the 2008 crisis as well.

[Bemused]

Originally Posted by Rifleman

Since the Komrade chose to ignore the post about this subject, I decided to post it where the adults could comment:Deutsche Bank's $5 Bilion short



Basically, as was aledged against Goldman Sachs, the Deutsche Bank built ip a massive "short" position against the investments in the Sub-Prime Debacle, that it was selling to its own clients. I beleive, that this is just now coming to light, to serve as an excuse for a bad Obama economy, which is WHY Senator Levin, (D Michigan) is involved. The Komrade choes to ignore it because he always has defended Germany as NOT getting involved in this type of thing, which he characterizes as "Capitalism", Not unethical and possibly criminal activity. He also claims that the same Sub-Prime mortgage debacle, IS the result of the same Capitalism, and NOT bad DimocRAT policy and corruption.

So, to recap, the German bank profited mightily from shorting the Prime Mortgage market, as well as other Euro-peom banks who got low or no interest loans form the Fed, and have received money from the various QE programs. Therefore, Europe is somewhat responsible for the 2008 crisis as well.

Sometimes, when I'm not foaming at the mouth about the destruction of the economy, of which there evidence began to be accumulated in very late 2006 - early 2007, I play a little game of assigning percentage blame to various financial and government institutions. After reading your post, I began playng this game again. I also recalled this article published by Time Magazine I believe in 2009.

Source

While most days I would rather see public horsewhippings, perp walks, and age long jail sentences for those guilty of creating so much misery for so many people, today I want only that Goldman Sachs be annihilated from the kosmos of Wall Street. they are the root of all evil, according to my research..their fingerprints are everywhere.

[Rifleman]

Originally Posted by Bemused

Sometimes, when I'm not foaming at the mouth about the destruction of the economy, of which there evidence began to be accumulated in very late 2006 - early 2007, I play a little game of assigning percentage blame to various financial and government institutions. After reading your post, I began playng this game again. I also recalled this article published by Time Magazine I believe in 2009.

Source

While most days I would rather see public horsewhippings, perp walks, and age long jail sentences for those guilty of creating so much misery for so many people, today I want only that Goldman Sachs be annihilated from the kosmos of Wall Street. they are the root of all evil, according to my research..their fingerprints are everywhere.

Not a bad, list, but obviously incomplete. The bailoput of AIG, was fpor the purpose of paying off Goldman Sachs, did you know that? GS had LOTS of what i describe as "investment insurance" which pays off when an investment or bond goes bad. That's the onlty reason anyone other than national banks are buying Greek bonds. It is also why there was a "deal" to revalue the Greek Bonds at 50%, to cheat investors with that kind of insurance from collecting, except it looks like Greece is going to default anyway, thay can't afford Socialism. And neither can the other Euro-peon countries, except Germany, bcause the loans between ETU countires are massive, so it will go like dominos. Anyway, now we learn thew Deutsche Bank was also involved, so why has the same Federal Reserve been feeding them money? Sounds like major criminal activity to me!

[FastEddy]

Originally Posted by Bemused

... While most days I would rather see public horsewhippings, perp walks, and age long jail sentences for those guilty of creating so much misery for so many people, today I want only that Goldman Sachs be annihilated from the kosmos of Wall Street. they are the root of all evil, according to my research..their fingerprints are everywhere.

Yes, but that may never happen. The fuse on the "sub-prime" dynamite was lit back in 2003 by the demofascist house or "representatives". Barnyard Frankfurter, et al, in collusion with Goldman Sacks of It, CitiGrupon, et al, plus blinds eyes from the fed/SEC/[Rino] administration did these original dastardly deeds. The funny papers were written then and sold, sold, sold until there were no more stupid buyers left. (See "Margin Call" for good historical fiction about this.)

So, what IS O'Bummer and the Goldman Sacks of It retreads doing now? "Insanity is doing the same thing over and over again and expecting different results." - A. Einstein.