My theory of our economic crisis as began with the so called "mortgage meltdown" has always been that it was a planned event. I have always found it hard to believe that the "meltdown" occurred so quickly. It was almost overnight just like all the bailouts. Willima Cohan's article below begins to indicate that there was possibly knowledge of what was to come and the knowledge must have come from a plan. I end many of my articles asking a question as there are many questions that we need answers for and this article certainly raises more.
The Great Goldman Sachs Fire Sale of 2008The whole story is contained in little-noticed public records filed with the Securities and Exchange commission — see here and here — which make enjoyable reading after spending the last year listening to the gang at Goldman and other firms whine about the terms of the Tarp program and repeatedly insist that they weren’t really in all that much trouble. Because if these savvy Goldman guys were freaking out and selling large chunks of stock in the dark days of 2008, that makes it a safe bet things were plenty bad and getting worse.
By WILLIAM D. COHAN as published in the New York Times on line.
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