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Headlined to H2 8/25/11

Matt Taibbi on the Explosive Investigation Revealing the SEC's Cover-Up of Wall Street's Crimes

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This whole issue of securitization was central to the cause of the financial crisis. All of the banks--not just a few of them-were engaged in this wide-scale fraud scheme to take worthless and/or extremely risky subprime mortgages and sell them as AAA-rated investments to unsuspecting investors all over the world, including pension funds here in the United States and foreigners in Scandinavia, China, Saudi Arabia. Basically, this was a fraud scheme where you're selling garbage as gold.

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Why is it that no other OECD country allows these things? by Richard Clark on Thursday, Aug 25, 2011 at 9:02:51 AM
The unheeded warning during Roosevelt Administration by Steven G. Erickson on Thursday, Aug 25, 2011 at 10:34:05 AM
The Time Has Come by Thom Allen on Thursday, Aug 25, 2011 at 3:33:23 PM