(snip)"Lies and More Psychopathical Lies
Friday, October 19th, 2007 at 5:21 AM
“If you tell a lie big enough and keep repeating it, people will eventually come to believe it. The lie can be maintained only for such time as the State can shield the people from the political, economic and/or military consequences of the lie. - Joseph Goebbels
The $34 billion market for commercial paper in Canada has been in disarray since August. Now it appears the major Canadian credit rating agency has been less than forthcoming about what has actually been going on. Is this more negative selection incompetency or just the pattern of psychopathic snakes in suits we constantly see?
Throughout the turmoil, DBRS has said the assets were top quality and the market breakdown was a result of liquidity problems brought on by a global market rout. Wednesday, DBRS revealed that about three-quarters of the total amount is backed by complicated financial structures known as collateralized debt obligations, or CDOs, while only about 23 per cent comes from “traditional” assets such as mortgages and auto loans.
Watch your money market fund, as the Pig Men have captured a shitload of Aunt Millie’s savings. Lord knows what they will do with it now."(snip)



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