bankruptcy questions

 Powered by Max Banner Ads 

The purpose of this video is to discuss the real inside story regarding Citigroup’s potential bankruptcy and why the mortgage crisis, although real, is a ruse distracting the public from the real source of the problem. This is an unregulated shadow banking system dominated by hedge and private equity funds. Step one to turn the economy around should be that President Bush, Federal Reserve Chair Bernakke and SEC Chair Christopher Cox require these funds to register with the SEC and disclose their holdings and related accounting practices. Only then can confidence be restored.

Duration : 0:8:54

Read the rest of this entry »

Technorati Tags: 2008, Bail, Bill, Citigroup, Crisis, federal, financial, funds, Hedge, Investment, management, mortgage, out, Parish, Portland, Recession, Reserve, SEC, Subprime