The 2008 Quadrillion Dollar CDS Bubble

With all the news of the collapsing global financial markets, I have yet to hear any serious discussion about the impact of Congress
refusal to address the problem they created. With their implementation of the Gramm Leach & Bitely Act and the repeal of Glass-Steagall Act while at the same time, legislating that the hidden CDO market of $1,000,000,000,000.00 and all its investors (the 1%) investments were legislatively guaranteed payment before we the people, get a penny.

Wonder why cash is disappearing from your pocket? Why your government is being stripped of their public mandates, employees, funding and a future? What about all the services government use to provide that are being replaced by the fee-for-service private sector? The 99% are now legislatively responsible for the success and wealth of the 1% whether the 99% starves or not.

As it is now and has been throughout our short history as a species, the 99% has always and will always continue to be the bitches of the 1%.


Go Bernie, Go!