There’s a lot of noise, many charts, too many bullies, and Mike Stathis continues to separate his points:
Throughout this debacle, I have made accusations against the executives of the major financial institutions, claiming they intentionally made bad loans and sold them off to naive investors.
They did this of course to boost earnings, which automatically boosted their bonuses.
Let me reiterate. The executives of every single large financial institution (as well as some medium-sized ones) engaged in shareholder and securities fraud. And due to the response from Washington, one could argue that our political leaders are guilty of taxpayer fraud.