Now that you know who had the power to let Lehman Brothers Inc. fail and why, you need to understand how Lehman and the other banks got so bloated on mortgage-backed securities and derivatives in the first place.
Because, when you learn who aided and abetted the leveraging of both Main Street and Wall Street, who really gambled America’s future by letting the financial crisis and the Great Recession happen, and what was gained by it, you’ll understand who really runs this country.
This is the story you were always afraid was true.
Make no mistake about it; while not everyone on Main Street who bought homes and flipped houses knew they were playing a dangerous game, almost everyone on Wall Street playing the mortgage game knew it was a calculated gamble.
In a recent Wall Street Journal article, an esteemed English mathematics professor claimed, “Don’t believe the algorithm.”
After debunking the use of a face-detecting algorithmic technology used to attempt to identify wanted criminals at a street party in London, the professor determined that the algorithm had a “paltry success rate.”
Though that particular algorithm did indeed have a poor success rate – correctly identifying only one wanted criminal out of 96 individuals flagged at the party – here at Money Map Press, there’s a different kind of algorithm that makes all others pale in comparison…
Not sure what we’re talking about?
Well, what if we told you that there is a successful algorithm out there, one with a staggering success rate of 93%… And with its help, you can make thousands of dollars each week with just the push of a button.
Something like that certainly sounds too good to be true, but after eight painstaking years of back testing and the enlistment of a team of incredible mathematicians, physicists, and engineers, this algorithm has the potential to produce life-changing cash.
Ten years ago this week, Lehman Brothers Holdings Inc., one of the largest investment banks in the world, filed for bankruptcy.
You might think you know what happened to Lehman, what caused the financial crisis, how the U.S. Treasury and the Federal Reserve saved the banking system and stopped the Great Recession from turning into another Great Depression, and how we’re better off today because we didn’t go to hell.
However, you’d probably be wrong.
Lehman Brothers didn’t have to fail; a vindictive former executive from The Goldman Sachs Group Inc. (NYSE:GS), who ran the Treasury in 2008, let Lehman fail because of what happened ten years earlier, only weeks after he was anointed CEO of Goldman.
The frightening truth is the Treasury and the Fed engineered the financial crisis.
I’m going to tell you what really happened and why – everything you don’t know.
And it’s all coming to you, in three parts, next week.
The U.S. Securities and Exchange Commission is running a “racket.”
No, not like a tennis racket or a loud noise kind of racket – a racket as in a questionable or illegal scheme.
The SEC is in the pocket of lobbyists that serves Congress’s finest, and in the pocket of the exchanges they regulate, and public companies they oversee that trade on all the exchanges they let order-reading, front running bots work their way into. And they’re in the pocket of brokerage houses, especially “too-big-to-fail” ones.
While it’s a good idea on the surface – letting retail investors buy unregistered securities in would-be unicorns (private companies with a valuation of over $1 billion) so they can get rich and be eligible under current regulations to buy into hard-to-value deals restricted to “accredited” investors – there’s no way to adequately protect them in the jungle of private placement offerings.