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Sorkin: Powerful Few Saw Crash Coming

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December 17, 2009 – Comments (1)

[This article is kind of hyping a book by Andrew Ross Sorkin, but it's still an interesting article.]

According to Andrew Ross Sorkin, a New York Times columnist and author of the new Wall Street expose “Too Big to Fail: The Inside Story of How Wall Street and Washington Fought to Save the Financial System — and Themselves,” people in power knew last year’s financial crisis was coming yet failed to warn the public.

“I think a lot of people actually saw this train barreling down the tracks, CEOs, people in government, and they weren’t telling us,” Sorkin told Newsmax.

Full article

1 Comments – Post Your Own

#1) On December 17, 2009 at 2:47 PM, russiangambit (29.26) wrote:

Just like this year, the information is all there that issues haven't been solved , that many issues are simply covered up by the sheer amount of stimulus and money printing. But no official will acknowledge that, they'd rather pretend that there are no issues and put a positive spin on everything. What is it with compulsion to hide the truth and spin everything?

Remember when Obama just started everybody was saying - he needs to stop being negative and start projecting optimism. It is like the truth is only acceptable if it is good news, bad news truth is not acceptable and has to be hidden. When did it become so in the US? I don't think US was always this way.

I know it is the same in Asia, they don't speak about bad things. But in Europe bad news is as acceptable as good news.

 

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