The key players in the financial crash

Five years ago -- on Sept. 15, 2008 -- Lehman Brothers collapsed, bringing the housing crisis to a head, forcing the bank bailouts and escalating an economic crunch we still feel today. Here are the key players.

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71Comments
Sep 9, 2013 8:19PM
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The FED set their own trap and they trapped themselves, if they stop printing worthless money to buy their worthless bonds back then the bond market will crash, spilling over into the stock market, but if they keep printing their worthless money and which will dillute the value and buying power of our Dollar held by foreign countries like China , Japan, etc, these countries will one day soon announce they will be dumping "or selling" all their U. S. dollars, if the latter happens be prepared people, this wont be good, I can say this in one simple paragraph so you don't need 25 pages of  "perfume" to cover up this stink bomb the Fed. created
Sep 9, 2013 11:29PM
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NEON
ALL POLITICIANS ARE SELF SERVING AND ARE BOUGHT BY THE HIGHEST BIDDER, OR LOBBYIST
Sep 9, 2013 9:13PM
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The financial crisis, brought to you by . . .


THE FEDERAL GOVERNMENT
Sep 9, 2013 9:37PM
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They should be in prison, however,none did.Usually only small fries go there.
Sep 9, 2013 10:23PM
Sep 9, 2013 7:05PM
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Sorry Charlie, but I ain't reading 25 pages of your stuff.  Put it on a full page next time, the people with short attention spans don't read this stuff anyway.
Sep 9, 2013 8:36PM
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From Wall Street To Washington:

 

Do you  remember the Price is Right show,

Do you remember the game where you guess the price of the item as a little man is climbing up the mountain top while he's yodeling,  and if you guess wrong the little man falls of the top of the mountain..              That's us ....

 

 We're "17 trillion in debt and still climbing".  Here comes the fall..

Sep 9, 2013 9:26PM
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Folks with a long attention span won't read 26 pages. At least have the option to view all on full screen. Besides Charley, you didn't start off with the biggest cause of the crisis, Goldman Sachs and their corrupt Money Changers. They created the foundation with bogus Triple AAA assets that they knew from the start was total JUNK. They then of course shorted the ish out of it. Yet Zero jail time and instead, they and the other Big Banks came away with Fat Bonuses and a lifetime Get out of Jail Free Card.

Both Obama, Bush, and Congress were fully aware of this and refused to do anything about it. Therefore, they are all just as guilty. Uncle Ben get's to retire while only putting Fuel on the Fire. The Global FEDS are trapped, the Global Stock Markets just haven't realized it yet.



Sep 9, 2013 7:43PM
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There all working overtime with the Fed on the next crisis.
Sep 9, 2013 7:43PM
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1) No one is going to flip through 26 pages, Charley. Time for you to pry your lips from the butt of your media god boss.

2) Players-- In October 1998, the credit facilities of all the major mortgage companies blowing away all banks in credit production and portfolio quality were pulled. A year later, what was left of them were bought by major banks for pennies. Extraneous staff was severed, key staff were water-boarded until they surrendered what they knew and then thrown off the high-rises to their death. Banks exploited the product info, ignored the quality and by 2007 had driven mortgage lending to ruin.

A year later, those same banks did the same thing to the Merrill Lynch and Bear Stearns crowd, BUT- got Bernanke to begin QE. The same brain drain took place but a Can't-Lose scenario was welded in place and remains there today. Banks have no competition and a monopoly on services BUT can't do any of them well-enough to stop the QE. In a sense... BANKS are the dead cat and insanity keeps propping them up time and again expecting them to meow or prowl or anything that real cats do... but they can't... they're dead... and filled with bankers who are dead weight and our REAL anarchists. The POTUS wants to blow a country up tomorrow so BANKS can prey on whole nations now that all sector arenas are destroyed.

3) When do we wake up... close the banks, end the Federal Reserve and get RID of Wall Street?

Sep 10, 2013 10:49AM
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AMERICA - AS OF TODAY I AM CONVINCED OUR GOVERNMENT IS AS CROOKED AS A BULL PENIS CANE!!!!!!!!!!!!!

YET AMERICA REFUSES TO BELIEVE IT!!!!!!!!!!!!!!!!!!!!1

YOU ARE POUNDING YOUR OWN NAILS INTO YOUR OWN COFFIN!!!!!!!!!!!!!!!!!!


Sep 9, 2013 10:21PM
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REPUKER                                                                                                                                                                                   OBAMA IS IN CHARGE,  LET HIM PUT HOLDER ON THEM..........

WAIT HE CANNOT DO THAT-------- HE WOULD CUT OFF ALL THE DEMOCRATIC REVENUE  FOR THE NEXT SOCIALISTIC FUNDRAISER
Sep 10, 2013 9:51AM
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This might come as a shock to some, but this isn't the first article about the financial crisis over the last 5 years. They have almost come weekly. So for anyone to think others haven't read about the crisis, over, and over, and over again tells more about them, than you. We know what happened and who did what. We also know that the problem was never solved, only delayed for a far bigger collapse at a some future date. We keep creating bigger bubbles that are far harder to recover from. Eventually we won't recover.

So sure, there will be some,  including Obama, that will stick their heads in the Sand and behave as if all is well. However, it's not yet the Doom and Gloom voiced by some because of a given Agenda. Clearly, its' hardly a bed of Roses. The state of the Economy isn't always reflected by how well Stock Markets are doing.

Sep 10, 2013 9:11AM
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Well this is all very nice; a little concise history of the financial crisis written in the past tense as if it was over; as if we dodged a bullet; as if we can all take a deep breath; utter a sigh of relief, look back on it and say' phew, that was close.' If you believe that, you either have your investing head buried so deeply in the sand that you must be able to see China from there, or, as the Bible says,' you have heaped to yourselves teachers having itching ears'. You believe the lies, swindles, accounting fraud, manipulated data and that any of the 'money' you are making now actually exists. Here is what you actually have: Imagine if you will that you take a black balloon, blow it up and call it a bowling ball. it looks something like a bowling ball; black, round, shiny. You could convince yourself that it is, indeed, a bowling ball. You can think of actual wealth as a real bowling ball. It is black round and shiny. It really exists. Now take your balloon of pretend wealth and the bowling ball of actual wealth and take the Pin of Reality and prick them both.

Hmmm...the actual, real wealth is still here and the pretend, conjured Wall Street wealth goes..POP.

Now, I know you all think you have a real bowling ball sitting in your 'portfolio's,' but, most assuredly, you do not. Sorry.

Sep 10, 2013 7:07AM
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It’s a time for REAL change in this country… Change that matters (we’ve heard that before right? You can’t blame a guy for trying)

We need to step back and re-trench and come out stronger than ever.

We need to lead by EXAMPLE

Globalization and technology have changed the game and we need to use them to our advantage.

How many times have we all sat down at night to watch the news and seen things that have been caused by our inability to lead… they are countless. Leaders sitting around tables discussing REACTIVE issues rather than pro-active issues.

THE PRO-ACTIVE issues in this country are TWO and TWO ONLY all other things will fix themselves

(1)    Manufacturing Jobs (JOBS)

                              Will solve revenue issues and a ton of social issues (including lack of education)

(2)    Energy independence

Will help us lead by example (clean energy)

 

By concentrating on the above two issues we will create self-sufficiently and show the world we can lead by example. The best in brightest should be put to the task of

CLEAN MANUFACTURING—(example-3d printing should be taken to the next level)

Clean energy

Remember no matter what anyone else SAYS those TWO things will fix everything else

THINK ABOUT IT!

GOD BLESS AMERICA! PATRIOTISM IS A WONDERFUL THING! MOVE FORWARD!

 

Sep 9, 2013 10:52PM
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Classic Lady, And since 1913, made WORSE by the fed.
Sep 10, 2013 9:51AM
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As a community banker that is still paying the price for a crisis I did not cause, it makes me sick to read how much money these guys walked away with.  They should have to forfeit everything they made from making bad investments and have to flip burgers for a living.  The community banks had to prop up the insurance fund when we did nothing to deplete it.  Our earnings are suffering from lack of qualified borrowers that were ruined by big banks poor underwriting and government regulations that won't allow us to lend to people who will pay their debt.
Sep 10, 2013 10:55AM
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WHAT OBAMA IS DOING TO THE U.S MAKES ASSAD LOOK LIKE A GENUINE HUMANITARIAN !!!!!!!!!!!!!!!!!!!!!!!!!!!
Sep 10, 2013 9:58AM
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People that talk about profits but have not locked them in are just like the Chargers last night. They had a big lead, and they thought they had it in the bag. At the end of the Day, that bag was completely Empty. That will again be the Case for perma-Bulls that never lock in profits.

It's truly amazing how some footballs teams, can't hold a big lead. Tony Romo for the Cowboys, same old same old. Same bad decisions at the end of a game. Same bad Defense that couldn't stop your Grandmother. Amazing what 6 turnovers will do for the other team. Amazing what printing to Infinity can do for Global Stock Markets.

Sep 10, 2013 10:54AM
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It speaks volumes:
 
"A pen in the hand of this
 president is far more dangerous -
 
than a gun in the hands of 200
 million law-abiding citizens."
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