2008 Recession; Collapse: $149 OIL; Business and Credit,
are the Oil Giants Liable for all of The Defaults? or to Blame?
It doesn't take a nuclear physicist to do the math.
Did your monthly expenses double for transportation?
Did your household have two vehicles? Did your business driving
the big rigs cause late bills or a mortgage default?
Did you get laid off because the economy got soo slow? Did you
have a mortgage loan for your home?
Did your local retailers raise prices due to costs for transporting?
Did you have alot of extra income, or any extra income to pay for
the double expense for gasoline in your transportation?
Did it cause you to have bad credit?
Are you rich?
We know one thing. The big oil producing giants posted big gains.
Big banks, the well knowns for years, started falling like dominoes.
Morgan Stanley, who predicted soaring oil costs to go higher due
to tensions in the middle east, is still standing. They have stood from
the beginnings of Wall Street, and now, have taken over assets of
competitors from the 2008 recession and Bank collapses. What and who
have they gained in their portfolios? Did they make off like fat rats with
pennies on the dollar to buy those shares which were bankrupting?
The full analysis of 2008 is not complete. The investigations haven't been
headline news, left off at the Bernie Madoff story, replaced by other news
items.....AGAIN. Just like the Enron Trial. As we waited for the trial, the
Twin Towers World Trade Center building bombings on 9/11 took the
So, now where are we at? Well, almost like a different world it seems....
But waiting....that hasn't changed. Will BP's disaster slide us around
all these things....in the popular media....off the course?
Its just the economy stupid....are we going to fix it or are they going
to wag the dog?