Thanks to these documents, we now know how that happened. And showing as they do the back-and-forth between the country's top ratings agencies and one of America's biggest investment banks (Morgan Stanley) in advance of two major subprime deals, they also lay out in detail the evolution of the industrywide fraud that led to implosion of the world economy – how banks, hedge funds, mortgage lenders and ratings agencies, working at an extraordinary level of cooperation, teamed up to disguise and then sell near-worthless loans as AAA securities. It's the black box in the American financial airplane.
In April, Moody's and Standard & Poor's settled the lawsuits for a reported $225 million.
http://m.rollingstone.com/?redirurl=/politics/news/the-last-mystery-of-the-financial-crisis-20130619

Thanks to a mountain of evidence gathered for a pair of major lawsuits, documents that for the most part have never been seen by the general public, we now know that the nation's two top ratings companies, Moody's and S&P, have for many years been shameless tools for the banks, willing to give just about anything a high rating in exchange for cash.

Why don't you take your hate America crap some where else? No one cares.

No. America is the blame for USA financial woe. American is not in charge of all the World. Many Countries governments do not take care of their poor.

OFF TOPIC.

Nope.
Other countries should stop whining about the U.S. and get up off their lazy butts and fix their own problems.
America's got enough to deal with right now.

I think America should sort out America and leave the world alone.

Fair enough.
The rest of the world should sort themselves out and leave America alone first.

Burn

It's a slightly flawed reasoning.....

Morgan, Rockefeller, Wahlberg and Rothschild (to name the key players)....WORLD Bankers! The Creatures from Jekyl Island....

It started with the Bank of England...from the history of the last few centuries and before. It came to America, and despite the efforts of presidents like Abe Lincoln, Andrew Jackson, Garfield and Kennedy (all assassinated except for Jackson when the shooters pistols misfired) they had corrupted DC so badly that in 1913 bank charters were abolished and replaced by the Federal Reserve Act.

The FED is owned by a private banking cartel made up of bankers (it's only an educated guess who they all are....private....you know) that is allowed to print the nations money (out of thin air) and put it in circulation at interest to other bankers, who then loan it to you and me at still higher interest!

http://www.youtube.com/watch?v=2k0DKa2GULo

The bankers love CT's as long as the distraction points fingers at other groups or individuals.... and none are immune as scapegoats to their will and agenda for power and world rule.

Infamous Mayer Amschel Rothschild Quote:

"Give me control of a nation's money and I care not who makes the laws."

It didn't start here, perhaps we can make it end here!

Secret Meeting On Jekyll Island.... The Creature From Jekyll Island

Pt 1
http://www.youtube.com/watch?v=2k0DKa2GULo

Pt 2
http://www.youtube.com/watch?v=Zse1Z1Zu6w4

Pt 3
http://www.youtube.com/watch?v=iJ5Bva40LTE

Pt 4
http://www.youtube.com/watch?v=BO3c75HAlD8

Pt 5
http://www.youtube.com/watch?v=vGBLS7AqN24

No, the BANKSTERS ARE.

And the evil Elite families who don't give a crap about anything but themselves and who buy and sell politicians, Install dictatorships, Start wars for the purpose of transferring wealth to themselves, and they are the evil Elite like J.P Morgan who manipulate the stock market.

They owe their allegiance to no country. There plan is to take over the entire world.

They don't give a crap about America, and they are trying to destroy it.

What he said.

USA to blame no all the western banks are too blame they all took too many risks.government over past lets say 20yr had relaxed the laws for them and in most part they got away with it we people have pay the price for there mistake why they still injoy a high standard of living im sure few rich were informed before so they could redirect there funds

With out USA involved in the world well not all it does is right but would probably be in more conflict with little help from UK only history will answer that question fully

nope,right on the Button!

It's those Central Banks you have to get rid of!
BTW,who was at fault here,America?


http://mises.org/daily/6002/The-Feds-Swap-Bailout-of-the-Eurozone

Europe is just as much of a Bottomless Pit!

The hearing dealt mainly with the Fed's currency swap with the ECB, which amounts to a covert bailout of European banks.

But why did European banks need help from the Fed in the first place? European banks had borrowed dollars short term in international wholesale markets and lent these dollars for the long term to US companies or households. The maturity mismatch is highly risky, because once a bank cannot renew its short-term debts it becomes illiquid.

We approached such a situation last year. European banks had been pressured by their governments to buy their governments' debts. Italian banks are loaded with Italian government bonds, Spanish banks with Spanish bonds and so on. As the sovereign-debt crisis increased once again in the summer of 2011 with governments short of collapsing, European banks had increasing difficulties renewing their short-term dollar loans. As the ECB can only print euros, not dollars, European banks got nervous. While US banks did not want to lend to European banks anymore, in September 2011, the Fed stepped in and bailed out European banks through currency swaps. Through the swaps, the Fed assumed its role as the international lender of last resort.


Wouldn't surprise me if it were the EU who would eventually bring down the House of Cards!

Need to abolish those Central Banks with their Monopoly-Money!

They are the Tools used by the Currency-Manipulators and their Politician Cronies!

Oh Goody,let America stop bailing out the EU!

http://mises.org/daily/6002/The-Feds-Swap-Bailout-of-the-Eurozone

I agree. I think the rules of the site that govern offensive behavior, hate speech and intentional baiting should apply here as well. This poster intentionally and persistently singles out a single nation for attacks on virtually every thread and should be banned from doing so. It is his only reason for being here.

The United States is not the biggest player in international finance, hong kong, London, Bern - there are several other major players.