Saturday, February 18, 2012

The Fleecing of America--How we got here cont.

In January 2008 there were a lot of rumblings about bigger financial problems coming down the line from Wall Street and by March we were in the shit storm of the financial meltdown.  I recall watching the news and couldn’t believe companies that had been around forever where bankrupt.  When Bear Sterns was “rescued” by JP Morgan Chase I was blown away.  What was happening to our financial system, systems we trusted?  When Lehman Brothers was next to go and the Fed’s actually let it go down I thought holy shit.  Then AIG was announced and it was determined they were too big to fail.  For a person not savvy on financial markets none of it made sense to me.  I also had no clue on the impact it would have on my life and all American’s.  At that time we owned twelve properties, all with mortgages on them.      

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