Cynthia Chung’s articles remind me of my youthful love of the Hardy Boys novels. I couldn’t wait for the next one and was never disappointed. I would read them using a torch under my blankets after lights out. Similarly, I await Chung’s offerings with the same keen sense of anticipation and am never let down.
This Goldman Sachs article unfolds like a well crafted, intelligent true crime documentary destined to become a smash hit movie at the box office, replete as it is with bad guys doing terrible things without any qualms, knowing that the cops would turn a blind eye with the D.A.’s approval.
But Chung’s article is much more than that. It’s an indictment of American criminal law and its entanglement with crooked politics and bent politicians. In my opinion it points to a slippery slope toward U.S. fascism and I use that term advisedly. I urge people to read it. They won’t be disappointed.
I cannot imagine how much effort it took to get this article together. A true piece of history.
I'll add the following a comments I cannot prove :
1. Lehman Bros was likely solvent when JP Morgan (their Banker) shut them down.
2. JP Morgan wanted a presence on the west coast of the USA for many years and was stalking WAMU before Jamie Dimon advised the Comptroller to seize them.
3. IMHO the structures of Bankruptcy and of Derivatives are such that once Bankruptcy is declared, payment for derivatives (bets) get priority over other liabilities.
Thank you Cynthia, for laying out the full context of the whole financial angle. Rusere Shoniwa has put out 2 pieces on China's Social Credit System that you may want to address/critique in future installments of your series.
Cynthia Chung’s articles remind me of my youthful love of the Hardy Boys novels. I couldn’t wait for the next one and was never disappointed. I would read them using a torch under my blankets after lights out. Similarly, I await Chung’s offerings with the same keen sense of anticipation and am never let down.
This Goldman Sachs article unfolds like a well crafted, intelligent true crime documentary destined to become a smash hit movie at the box office, replete as it is with bad guys doing terrible things without any qualms, knowing that the cops would turn a blind eye with the D.A.’s approval.
But Chung’s article is much more than that. It’s an indictment of American criminal law and its entanglement with crooked politics and bent politicians. In my opinion it points to a slippery slope toward U.S. fascism and I use that term advisedly. I urge people to read it. They won’t be disappointed.
THE PONZI SCHEME/CASINO THAT IS U.S. & WORLD NEO-LIBERAL ECONOMICS REVEALED! GREAT PRESENTATION!
I cannot imagine how much effort it took to get this article together. A true piece of history.
I'll add the following a comments I cannot prove :
1. Lehman Bros was likely solvent when JP Morgan (their Banker) shut them down.
2. JP Morgan wanted a presence on the west coast of the USA for many years and was stalking WAMU before Jamie Dimon advised the Comptroller to seize them.
3. IMHO the structures of Bankruptcy and of Derivatives are such that once Bankruptcy is declared, payment for derivatives (bets) get priority over other liabilities.
And thanks, The next article is eagarly awaited.
This is enormous. I don't know how I'm going to get through it, but it's fantastic.
Thank you Cynthia, for laying out the full context of the whole financial angle. Rusere Shoniwa has put out 2 pieces on China's Social Credit System that you may want to address/critique in future installments of your series.
Part I: https://plagueonbothhouses.substack.com/p/does-china-have-a-social-credit-system?
Part II: https://plagueonbothhouses.substack.com/p/does-china-have-a-social-credit-system-e09?
Thanks Marilyn! I will get Matt to look it over, it might be useful for a short script he is working on debunking China's "Social Credit."