park tells union army veteran john rankin s story. at the term in the century tulsa was a windswept desolate prairie town. it was literally a cow town the cattle trails that the cattle drives from, texas to kansas the cattle would excuse me would come right through main street in downtown tulsa. all that changed with the discovery of oil now tulsa itself never discovered oil. there was never oil inside city limits, but the pioneers wanted to create an oil capital here and to do that it had to convince outsiders that tulsa was an entrepreneurial haven and so it did that in order to attract the the the roustabouts and roughnecks from the south to to work in the oil fields and to to attract the capitalists and financiers from the east to bankroll the operations they had to to, you know, convince everyone through through boosterism and and bribing the railroads and share bravado that this was an oil mecca and it did become the service and finance center for the oil industry the p
discovery of oil now tulsa itself never discovered oil. there was never oil inside city limits, but the pioneers wanted to create an oil capital here and to do that it had to convince outsiders that tulsa was an entrepreneurial haven and so it did that in order to attract the the the roustabouts and roughnecks from the south to to work in the oil fields and to to attract the capitalists and financiers from the east to bankroll the operations they had to to, you know, convince everyone through through boosterism and and bribing the railroads and share bravado that this was an oil mecca and it did become the service and finance center for the oil industry the population boom from 1900 to 1920 population increase from 1200 to 72,000. it was so crowded here that barbershop. open all night just to handle the crush of people. and the oil money came in and created these magnificent mansions and and great churches and and office towers and it did become the oil capital of the world a
the speaker: the house will be in order. the prayer will be offered by our chaplain, father conroy. chaplain conroy: let us pray. gracious god, we give you thanks for giving us another day. throughout history, you have been ever present to all believers. in times of darkness, we readily turn on lights. millions of americans in this season have variously turn to the celebration of hanukkah, the festival of lights, and the advent and christmas season with its trees and lights. even so, in our political world there remains the reality of considerable disagreement and contention. where there is darkness here, send forth a spark of inspiration and grace. to enlighten minds and warm hearts to respond to your love for your people. eternal father of us all, fill your children with the delight that comes from light. may we walk no longer in the darkness of distrust but join together in mutual understanding and peace toward the common well-being of our nation. may all that is done this
usual bag of tricks that back in 2008 global financial crisis and remember that movie the big short and remember i was obvious that everything was going to blow up and remember how the wall street people were you know conspiring and then it all blew up in a few people make billions and billions of dollars because they cooked the books and they grabbed all that cash and we had cars reports said you know what this exact same thing is going to happen again in 10 to 12 years and guess what here we are 12 years later and they said and it continues to happen the last time in the 2007 to 2008 financial crisis we had cd those collateralized debt obligations and mortgage backed securities and credit default swaps and these things and then lo and behold the global financial system collapsed and lo and behold our central banks that done with a lot of money that is now being dorf by the amount of money being printed for this go round but the bad stuff actually hasn t even happened yet th
are 12 years later and stated and it continues to happen the last time in the 2007 to 2008 financial crisis we had cd those collateralized debt obligations and mortgage backed securities and credit default swaps and these things and then lo and behold the global financial system collapsed and lo and behold our central banks that done with a lot of money that is now being dorf by the amount of money being printed for this go round but the bad stuff actually hasn t even happened yet this is what this article is warning about and it s from frank portnoy who used to was working at morgan stanley at the time of the 2008 financial crisis and he s kind of warning that is going to happen this time but the new c.d.o. is called the c l o the collateralized loan obligation we have actually warned about this in the last few years a few times on the show nomi prins is often tweeting about this and saying this is going to be the big problem so here it comes again right the looming bank col