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Spitzer Explains The Bailout – ‘This Was A Ponzi Scheme, An Inside Job’

July 24th, 2009 by admin

Eliot Spitzer Explains The Bailout: ‘This Was A Ponzi Scheme, An Inside Job’

Eliot Spitzer says Bailout was Ponzi Scheme and Inside Job – MP3 Audio

msnbc.com Video Player. :

Read the whole story: MSNBC

Op ed piece in the Wash Post: Predatory Lenders’ Partner in Crime – How the Bush Administration Stopped the States From Stepping In to Help Consumers By Eliot Spitzer

Quote:

A wiretap allegedly recorded the setting up of a Washington, D.C., appointment between him and an Emperors Club “model.” … “Kristen” met with Client 9 the night of February 13, 2008, according to the affidavit, after describing herself as “petite, very pretty brunette, 5 feet 5 inches, 105 pounds”. They were finished, three hours and $4,300 later. … “Kristen” then called a colleague at the Emperors Club and said that she liked Client 9. “I don’t think he’s difficult,” she said.

The night before Spitzer’s piece was published.

Hat tip to the folks at the Rigorous Intuition forums:

Spitzer: Fed and Banks conspired in massive Ponzi Scheme

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Posted in Banking, Economy, Federal Reserve, News, ParaPolitics, Parapolitical Friday, Politics, TV News | No Comments »

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