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Self-serving Wall Streeters like Merrill and Citi Sold the riskiest parts of their CDOs To other new CDOs that they were making As the subprime mortage foreclosure rate rose. That seemed to work while Bushie was spending Big time to buy Big Oil more of the Middle East, Running up gigantic Federal deficits While bankers made sure that their own banks were fleeced. Bush Republicans and bankers were very successful Building billions in deficits for his G.O.P. As mere millions in bonuses for W's bankers Kept Wall Street happy through the G.O.P. spree. But incestuous sales of subprime CDOs Backfired on Bushie's self-serving big banks. Now they worry and fret about their next TARP bailout As Boehner votes "No" so Bernanke's bank tanks.
Bob Carlson 4/27/11 To 'Banks’ Self-Dealing Super-Charged Financial Crisis' To 'Wall Street Warns on Debt Limit' To 'John Boehner: No promises on debt limit vote' To ''So-be-it' John Boehner's Boondoggles Verses' To 'Bush League Banker Verses' To 'New exposé of big oil's role in the Iraq war ' To 'Oil Industry Mafia Verses' |