THE U.S. ECONOMIC CRASH OF 2008 IN A NUT SHELL – REAL LIBERAL CHRISTIAN CHURCH

Source: www.realliberalchris...

Tom Usher wrote or added | What I wrote July 24, 2008: "Also, after leaving the Federal Reserve, he went to work for the guy who made billions shorting on the information about what was going to be the results of all this smoke Alan [Alan Greenspan] created for those who had handpicked him to begin with. If Alan wasn't smart enough to know what was going on, why did a guy, John Paulson, who runs the hedge fund Paulson & Co., who was smart enough to make billions on the crash hire Alan, to give him bad information? Why do you need an advisor who knows less than you do about the subject and who made a huge mistake?"

It was only a matter of time if real reformist were to stay at it that things would come out. The biggest mistake that can happen now is that they stop short of total reform, not just New Deal re-creation but systemic change. FDR did the crony capitalists a false favor by not going all the way: a mistake. FDR had mixed emotions on it and didn't think he could pull it off: mixed up on both counts.

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  • Tom Usher

    About Tom Usher

    Employment: 2008 - present, website developer and writer. 2015 - present, insurance broker. Education: Arizona State University, Bachelor of Science in Political Science. City University of Seattle, graduate studies in Public Administration. Volunteerism: 2007 - present, president of the Real Liberal Christian Church and Christian Commons Project.
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