Masters of Audacity and Deceit: Connecting the Dots of Washington Corruption

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Tate Publishing, 2011
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The American people will never knowingly adopt Socialism, but under the name of liberalism, they will adopt every fragment of the socialist program until one day America will be a socialist nation without ever knowing how it happened.
-Norman Thomas
With the GDP growing to its peak in June 2008, why did the Lehman Brothers bankruptcy of September 15, 2008, help spark a recession that grew to be the Great Recession? How is it possible that American financial leadership was so negligent and uninformed as to not foresee an economic situation that would be described as being so severe that it would require trillions of dollars to avoid a Great Depression? Are we so incapable from a financial management perspective, or are we so paralyzed by political forces that necessary corrections were either not foreseen or not allowed?
Through meticulous research, Masters of Audacity and Deceit answers these questions and connects the dots that link the myriad factors that have led this country to its current state.
 

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Contents

Introduction
17
The Ultimate October Surprise
27
Days of Infamy
33
Events of 915
44
Why Lehman and AIG?
49
Fannie And Freddie Background
60
The Housing Crisis 19661990
66
The Housing Crisis 19901997
75
The GSE Aftermath
142
October Surprise 3
149
Democrat Party and Traditional Allies
155
AntiAmerican Radicals
168
Soros
182
Paulson
204
Geithner
221
Obama
243

The Pivotal Year 1997
94
Democrats Block Regulations 20022004
101
Last Chance for the GSEs
117
Demise of Freddie and Fannie
124
Audacity of Deceit
267
Epilogue
286
Endnotes
307
Copyright

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