The Credit Crunch That Never was, is Over

From: Clive Denton

Date: 2007-09-24 08:29:12

The Credit Crunch That Never was, is Over Date: September 24, 2007Source: News with Views This globally trumped up liquidity and credit crunch was orchestrated by the key players: the international bankers: Goldman Sachs, Barclays, BNP Paribas, Bear Stearns, Citigroup, JP Morgan Chase, and Bank of America. They would not buy commercial paper from one another or lend to one another. Come on. This was reported as being shocking when in fact, it was the standard insiders game designed to facilitate major changes to U.S. regulations by scaring Congress and the rest of the country first. Once the Security and Exchange regulator has been folded into one agency­like Britain’s Financial Services Authority, instead of…… Joan Veon

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