The Truth Behind the Logistics of Foreclosure Causes is Being Researched
Immediately after the onset of the foreclosure crisis, experts vied with each other to find the reasons behind the meltdown. With time, the real truth behind the logistics of the causes behind foreclosure is being researched.
A rich American lady residing in London (her name being withheld) decided to use her connections to help her in her research – the lives of highflying financiers, bankers and stockbrokers. She treated the fascinating topic, as one would with exotic tribes in malaria infested regions of the world. Her field of enquiry endeavoured to find out why they do what they do, what motivates their lives and how they look at the universe. Most of those interviewed were guarded in their replies but many took her to be one of their gang and opened up. Soon she discovered that the leading persons in the financial world knew very well what was happening and coming during the time of the boom in the free market. They were more than sure that the bubble would explode as it did in Japan. It was just that they were not accurate about the timing.
The picture clearly emerged that the financial tsars practised legalized fraud upon its fellow citizens in America and also other parts of the world. The rules that could have averted this crisis were cannily done away with by the inside lobbyists.
One person being interviewed was disturbed at the fraud he had participated in but be excused his action in various ways. He too would face foreclosure if he did not handle a multimillion mortgage. Moreover he had to send his children to the best private schools and there was a constant fear that his wife would abandon him if he did not buy a new car each year. He was not the only one. The researcher came upon a bunch of such people who squirmed as they admitted to their actions while trying to give excuses.
From this it appears that if anyone sitting on top of the ladder claims ignorance about the impending crisis it is a blatant lie. Not only did they know about it but also they planned it. By IQ count there are not many stupid people ruling over Wall Street. They who believe such lies are naïve.
The biggest lie being propagated is that markets are magical places and everything will be solved by itself. But leaving the jumbo markets in the hands of few financial tsars is sure to lead to chaos and mayhem.
