I love to tell stories so here goes …
A Real or Fictional Story of Corporate Deceit and Fraud; and the United States Governments involvement to cover it up.
Here’s the story (fiction or non-fiction, you choose):
There were a bunch of parent companies that owned retail banks, commercial banks, investment banks, and insurance companies (compliments of Congress by repealing the Glass Steagall Act and passing the Gramm, Leach, Bliley Act - cooked up by Republicans who got a bunch of Democrats [and a Democratic White House] to go along with it).
limits anymore or refinance their homes any more (property values that were over-valued had declined; many had lost their jobs because companies couldn’t compete with foreign imports and closed shop [compliments of NAFTA and other government trade policies]; or companies continued offshore outsourcing jobs to cut labor costs starting not at the top, but with middle and bottom wage earners ).
Update: September 10, 2012
Bill Clinton: The Great Deregulator, by Robert Scheer
"The Supreme Court Sold Out Our Democracy - How to Fight the Corporate Takeover of Our Elections", by Joshua Holland, October 25, 2010
CHASING MADOFF, BY HARRY MARKOPOLOS
Update: February 13, 2010
Wall Street Helped to Mask Debts Shaking Europe February 13, 2010
How Paulson's People Colluded With Goldman to Destroy AIG And Get A Backdoor Bailout-
Goldman under investigation for its securities dealings-