Liberté, Egalité, Fraternité – Providence, Miracle or What Really Happened – Robert Singer

Warning: Reading the following may be hazardous to your mental health. The material herein has caused readers to experience Cognitive Dissonance (CD). CD is the discomfort felt at the discrepancy between what you already know or believe, and new information or interpretation that contradicts a strongly held belief system – It’s that queasy feeling that rises in your gut and screams, I DON’T BELIEVE THAT! Because, if you accepted the new information, you would have to admit you been ”had,” or ”conned,” in this case into shopping for stuff to trash the planet.

Heads In The Guillotine?

We have had a decade-long litany of malfeasance and fraud within Fannie and Freddie – for the second time – but just like the last time, the worst outcome has been some executive terminations. Oh, and $5 trillion of securitized debt sitting around like a ticking nuclear weapon, looking for a good time and place to blow up.