June 19, 2008
Bear Stearns and the Domino Effect
Here's a prespective on the Housing Credit bubble you won't hear much about in the corporate owned mainstream media. It was one big Ponzi/Pyramid Scheme perpetuated by the illegal Federal Reserve.
Charges at Bear Stearns
Federal authorities announced on June 19th., the arrest of two former Bear Stearns managers on charges linked to
the collapse of a hedge fund that bet heavily on subprime mortgages – those mortgages issued to people with shaky credit and repackaged as securities and sold across the globe.
Filed under Home Mortgage, The Economy by on Jun 19th, 2008. Comment. 
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Comments on Bear Stearns and the Domino Effect
Bloomberg writes the following bombshell:
“Credit-default swaps on [U.S.] Treasuries have risen nearly 40 percent since TARP was signed into law Oct. 3, and are now about the same as Mexican and Thai government debt before the credit markets began to seize up in June 2007.”