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Was in on. and when everybody finally had to acknowledge that the actual value of these things that they had been trading at these inflated prices was not the value they had been trading them at, everybody finely had to admit what the real value was of these things they had been buying and selling. everything collapsed. so even if you don t understand the overall dynamics of the housing market and all the different ways things are traded and how people in lower manhattan make money off of it, this is the one thing all of cuss grasp about what went wrong when our economy was destroyed in a way that we have still not recovered from. that s one thing about the meltdown that everybody gets, right? which makes this headline today both a wow moment and a duh moment. u.s. sues s&p over pre-crisis mortgage ratings. the government alleging that standard & poor s rating agency knowingly inflated its ratings on risky mortgage investments, giving high marks to mortgage-backed securities because it ....
Could get any oil or something. that was not why we had a financial collapse. we had a financial collapse because of fakery. we had a financial collapse because people were buying and selling things at prices that were totally, totally fake. and the people who were selling them knew it. it was a con game that everybody was in on. and when everybody finally had to acknowledge that the actual value of these things that they had been trading at these inflated prices was not the value they had been trading them at, everybody finely had to admit what the real value was of these things they had been buying and selling. everything collapsed. so even if you don t understand the overall dynamics of the housing market and all the different ways things are traded and how people in lower manhattan make money off of it, this is the one thing all of cuss grasp about what went wrong when our economy was destroyed in a way that we have still not ....
Manhattan make money off of it, this is the one thing all of cuss grasp about what went wrong when our economy was destroyed in a way that we have still not recovered from. that s one thing about the meltdown that everybody gets, right? which makes this headline today both a wow moment and a duh moment. u.s. sues s&p over pre-crisis mortgage rating. the government alleging that standard & poor s rating agency knowingly inflated its ratings on risky mortgage investments, giving high marks to mortgage-backed securities because it wanted to earn more business from the banks that issued these poop bag investments. oh, poop bag isn t in the quote. sorry. i added that. so that s a duh, right? these guys clearly should be busted. these were the guys in charge of the ratings. these were the guys who were supposed to be labeling the poop bag financials as such. eventually that system of selling worthless junk for tons of money stopped working and the ....