COVER-UP: How Bear Stearns Became The Fall Guy In 2008 Financial Crisis – By Rob Kirby

Source – marketsanity.com

“…The narrative put forward by mainstream financial press regarding the financial crisis of 2007 – 2009 has generally labelled it as “the Lehman event”. What I’ve come to learn is that mainstream monikers seldom describe the true nature of the underlying. One only need ask if they really believe the “Patriot Act” is patriotic or whether or not Iraq’s Saddam Hussein ever really possessed weapons of mass destruction. We might also ask how three skyscrapers collapsed into their own footprints on 9/11”

Rob Kirby – The Fall of LTCM & How Bear Stearns Became The Fall Guy In 2008 Financial Crisis

The Real Roots of the Global Financial Crisis

The narrative put forward by mainstream financial press regarding the financial crisis of 2007 – 2009 has generally labelled it as “the Lehman event”. What I’ve come to learn is that mainstream monikers seldom describe the true nature of the underlying. One only need ask if they really believe the “Patriot Act” is patriotic or whether or not Iraq’s Saddam Hussein ever really possessed weapons of mass destruction. We might also ask how three skyscrapers collapsed into their own footprints on 9/11 when only two of them were hit by planes – but we won’t go there lest we labelled conspiracy theorists.

Discussed in this interview:
04:42 The missing $21 trillion from DOD and HUD
07:05 Checkered history of the Exchange Stabilization Fund
15:46 2008 financial crisis: Sub-prime debt rated AAA
20:09 Why Bear Stearns was ‘chosen’ as the fall guy in 2008 financial crisis
23:44 The Long-Term Capital Management debacle
25:37 When AAA-rated paper failed for the first time
31:40 Lack of primary silver mines evidence that silver is mis-priced
39:03 Why the silver price remains at $15?

Rob Kirby is a financial commentator and former broker who worked on an institutional trading desk for most of the 1980s and right up until 1996. He also worked for 11 years at Prebon Yamane, an international inter-dealer broker of foreign exchange and interest rate products. He spent an additional year at another money/bond broker called Freedom Bond Brokers, then spent two years at Garban Inc., another inter dealer bond brokerage in Toronto – and left the industry in 1996. He started writing in 1997, and was involved in a number of entrepreneurial pursuits from marketing Buffalo meat to a part time stint in the giftware business. In 2002, he went to work for Investor’s Group, the largest Mutual Fund Company in Canada. He worked there up until September ’04 when he resigned to write about the markets – and his book – from a “gold bug’s” point of view. His website is called Kirby Analytics.

Rob Kirby – The Fall of LTCM & How Bear Stearns Became The Fall Guy In 2008 Financial Crisis

 

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