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Fannie Mae - Sub-Prime Market Smoking Gun
#4
I was intrigued by Jim Norman's recent comment that:

Quote

Turns out it is not THAT hard to manage the price of even a global, fungible commodity like crude oil

(see:http://www.deeppoliticsforum.com/forums/...d.php?t=59

Unquote

I had always assumed that markets are fairly easily manipulated but have often wondered how this can take place without insiders shouting 'foul!'

Last night I had a conversation with XXX (an investment banker in the City), as we have jointly been following this whole banking "crisis" on an hour by our basis.

His view (freely offered and not asked for or hinted at btw) is that the great bulk of those working in the banking fraternity are so gulled by their training, education and day-to-day experience, that they are completely unable to see beyond the quite limited mind-set peculiar to their field (in other words the educational and propagandistic 'blinding" of banking and finance theory), that they continue to view recent events as the usual market "random walk".

When other options are pointed out to them, their initial shock is quickly replaced by the now well jaded response "conspiracy theory". Thus said they happily go on their daily random walk to the sandwich and coffee shop.
The shadow is a moral problem that challenges the whole ego-personality, for no one can become conscious of the shadow without considerable moral effort. To become conscious of it involves recognizing the dark aspects of the personality as present and real. This act is the essential condition for any kind of self-knowledge.
Carl Jung - Aion (1951). CW 9, Part II: P.14
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Fannie Mae - Sub-Prime Market Smoking Gun - by David Guyatt - 01-10-2008, 05:45 PM

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