It's time for America to open its eyes.
And our eyes are being opened, whether we like it or not.
Just like with the Iraq War, where the fact that we were going to invade Iraq was well-known to everyone prior to the 2002 mid-term elections, everyone in the know in our government knew that there was going to be a financial meltdown in 2008. The only question was when it would occur.
Some thought it would occur in February, some thought it might occur in August and others predicted that it would occur in the fall.
The key determinant here of the timing of this meltdown was again politics. And again, the American people were the losers, to the tune of trillions of dollars.
Following on Inky99's excellent top-rated diary I think we can draw some conclusions about the collusive activities of a number of players at central US banks. Unfortunately for our man in the White House, this could very well involve the Treasury Secretary, Timothy Geithner.
Roll with my on the flip.