How the Financial Meltdown Could Have Been Prevented

While Natural Health News is a health-focused blog, from time to time, because of the importance of the information, and potential impact on health, we want to bring some important information to your attention.

More than a decade ago the recent so-called financial meltdown could have been prevented, but no one wanted to act.

This week the following program, which you can view on-line, is important for your consideration, The Warning

as is the following Wikipedia article, Long-Term Capital Management

along with this article from Mother Jones.

It makes you wonder just why we still have Geithner and Summers involved in the financial deliberations in the current White House inner circle.

For many years I have tried to raise the issue of problems with Greenspan and derivatives, yet no one wanted to listen and now a lot of those puffed up egos along the Beltway and Wall Street have been egged.

Posted in: Brookesley Born,derivatives,Frontline,Geithner,Goldman Sachs,Henry Paulson,Larry Summers,LTCM,Wall Street bailout