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The Other Plot to Wreck America
Key Excerpts from Article on Website of New York Times
Posted: January 16th, 2010
http://www.nytimes.com/2010/01/10/opinion/10rich.html
In the 16 months since ... the crash precipitated by the ... failure of Lehman Brothers, most of us are still ignorant about what Warren Buffett called the financial weapons of mass destruction that wrecked our economy. What we dont know will hurt us, and quite possibly on a ... devastating scale. Americans must be told the full story of how Wall Street gamed and inflated the housing bubble, made out like bandits, and then left millions of households in ruin. And without reform, another massive attack on our economic security is guaranteed. Now that it can count on government bailouts, Wall Street has more incentive than ever to pump up its risks secure that it can keep the bonanzas while we get stuck with the losses. The window for change is rapidly closing. [The] voices of Americans who have lost pay, jobs, homes and savings are either patronized or drowned out entirely by a political system where the banking lobby rules in both parties and the revolving door between finance and government never stops spinning.
Note: For many reports from reliable sources which reveal how the biggest Wall Street firms intentionally created and then cashed out on the financial crisis which destroyed the livelihoods and wealth of millions, click here.
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