The Bush/AIG/Big Banks Conspiracy Theory

[Thunder]

I have no evidence...yet.

But here it goes.

After 9-11, the banks start making tons of low interest and variable rate mortgage loans, to people who can't afford to pay them.

Years go by, more and more people default.

Then, in the end of Bush's final term, all of the sudden the mortgage crisis blows!!!

The banks cannot survive unless the USA gives them huge billion dollar bail outs.

Plus, these bail outs, which HAD to happen right away, had very few strings attached (including million dollar bonuses for folks who screwed up).

So, Bush's final action as President, is to give away almost a trillion dollars in taxpaper money...to the banks.

How does Obama fit into this....especially him forcing the CEOs and others to give back the big bonuses? He doesn't

Obama is the wrench in the gears. I think.

:D

[TokenMac]

Question, if the plan was for Bush to give the banks tons of money before leaving office then why did they go with a plan that had the banks losing many more billions first.
Kinda makes if had to break even much less more make money.

Another question, why do it right before Bush is out of the office knowing the next guy might not be down for it.

Oh wait I forgot because Bush is both the most evil super genius ever, and a complete moron at the same time.;)

[Thunder]

well, if the banks lost more money then they got from the bail-outs, then my theory is kinda dead in the water.

but our bail outs did allow them to pay their salaries and get their fat bonuses. if mccain was President, he may have let this all slide.

[defaultdotxbe]

didnt obama approve a second bailout of another nearly a trillion dollars?

and didnt the whole problem arise from legislation during the clinton administration basically requiring banks to give low interest loans to people who cant afford to pay them?



but then again, if youre trying to start a CT why let facts and evidence get in the way :)

[JoeyDonuts]

Maybe i'm missing something here parky, but are you implying Bush administation complicity in the mortgage crisis? As we both know from our 9/11 experience on here, pulling the strings and not catching something happening right under your nose are two different things.

I got no love for Bush as a Pres. or a CINC. Hell, I worked for the man for 6 years. Seems like you're giving him and his circle too much credit. I think the Wolfowitz/Rumsfeld/Cheney think tank was more focused on their "war on terror" to engineer a meltdown of the financial system. Besides, trouble at home means more people questioning our expenditures abroad. Seems kind of counter-intuitive to poison your own well like that. Say what you will about those three, but they were by no means stupid by any stretch.

[Thunder]

Maybe i'm missing something here parky, but are you implying Bush administation complicity in the mortgage crisis?

No. The banks created the whole thing, knowing the mess it would make, knowing they would get a bail-out.

I don't really believe it. I'm just working on my first screenplay.

=)

[PrincessIneffabelle]

Also, think about how the recession and high unemployment rates are forcing more people to join the military. How can that be just a coincidence?



;)

[Disbelief]

Maybe Bush had planned it to collapse a few months earlier so he could declare martial law and stay in office.

[JoeyDonuts]

No. The banks created the whole thing, knowing the mess it would make, knowing they would get a bail-out.

I don't really believe it. I'm just working on my first screenplay.

=)

Don't you go all Avery on us now. Next thing you know, there's Parky on YouTube rapping on stage with Immortal Technique.

[Thunder]

Don't you go all Avery on us now. Next thing you know, there's Parky on YouTube rapping on stage with Immortal Technique.

No, I'd be rapping with my local homeboys, Ad-Rock, Mike D, and MCA.

:D

[JoeyDonuts]

So, are you are known to let the beat - ummmm.....

DRRRRRRRRROP?