Adonis Diaries

Cataclysm of the century: the fall of Wall Street (Sept. 27,2008)

Posted on: September 28, 2008

We all know by now that the September 11, 2001 attack on the Twin Towers and its consequences in Iraq, Afganistan and the Moslem World in general were the events of the decade.  We do feel deep in our guts that the fall of Wall St. and its consequences would be the events of the century.  The fall of the last bastion of unbridled capitalism is shaking the World economy and sending strong Tsunamy waves to the global finance and investment institutions all around.  The US Federal government is nationalizing the major banks, the foundation and symbol of greedy capitalism.  For the time being the nationalized banks, for example Goldman and Sacks an AIG, have the task of purchasing the remaing failing financial institutions.

It is well documented that minor cataclysms generate abundance of investigation and public coverage but the coverage of seismic cataclysms that are financial in nature are relegated to professional manuscripts that the public would not touch with a long pole.  If anyone, so far, comprehend the causes of the fall of Wall St. then please share your knowledge and disseminate it profusely.  One hint though; follows the money trails and you will catch the head criminals.  Warren Buffet has already invested 5 billions in Goldman &Sacks or 10% of the shares; thus, this is a strong lead to follow. (more details by tomorrow)

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September 2008

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