Detective Robert Davis at 360-473-5361 is deeply troubled, and urgently needs your help. Banks in Bremerton Washington have been vandalised, but nothing was taken from them as they stood open to the four winds.
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This mystery is easy to solve, but Bremerton sleuths don't get it.
Call and explain to Detective Robert Davis (at 360-473-5361) what the word "leverage" means. You will have to explain a bit about capitalisation and the particularities of "improved" banking balance sheets. He might think that "off the books" is out of bounds, but you can guarantee that the biggest accounting firms in the world, the global ones on which the sun never sets, signed off on those suckers, and that's the truth.
Then you can tell him what commercial CDOs are doing to the dollar, how derivatives and bundled bonds are busting bond insurers. Tell him about the Chicago Futures Exchange, spreads, currency trading, exchange rates, sell-on-close orders, after-hours pricing, back-office handling and the Securities' and Exchange Commission.
Make sure he understands how the FDIC works, too. You might have to sketch in the the double-whammy context to the Glass Steagall (1933) Act showing how, in today's world regulation and restraints have hbecome "irrelevant" (refer him to the Congressional Record 1993). The good man will probably come unhinged...in fact, if he does, it will be your sign that you have clarified matters essential to his inquiry.
Get his email and send him a story or two about ratings agencies.
He might be interested to know that evidence of massive mortgage fraud was emerging as early as 2005!
Since you you are extremely knowledgeable, he will no doubt ask you why the situation was allowed to deterioriate. You can point him at the editorial pages of The Wall Street Journal [as far back as 1980 and the Laffer Curve], and explain to him how newspapers pursue advertising dollars by fondling their readers' ugly ID. The Big Bang, remember?
And don't forget to let him know that HIS pension funds are somewhere, somehow, irretrievably......In Play. show him Goldman Sachs 6 month chart: $240 to $177 on the kind of volume panic will produce. Blue Chip....but they're just a giant hedge fund, and those are collapsing on recklessly accumulated debt, daily.
Hey, it isn't just the beleagured "minority" communities missing payments! This is an important point: KKR has had to reschedule repayment twice and no-one wants to help. Why would they? KKR plans to raise the cash they need from suckers. So there you go.