For Protagoras

Found some of my old studies surprisingly fitted in with modern Wall St problems, matey.

As one who for years had spent too much time studying the fortunes of the Rockefellers and their roles in the US Federal Reserve as well as in the US based Trilateralists and also in the European based Bildebergers, must say right now, it seems as the proven keepers of modern US capitalism, the Rockefellers et al have been lately leaving the roles to the truly dishonest, not just to those only honest for America alone.

So we have William D Cohan's House of Cards, a tale of Wall St Hubris and Wretched Excesses.

We have already heard in the news about Bear Stearns, a so-called very honest Wall St profitmaker with $17.3 billion ready cash apparently mostly in hand.

But ten days later, Bear Sterns no longer existed, and thus the calamitious financial meltdown of 2008 had begun.

How this happened - and why - is the subject of Cohan's superb and shocking narrative detailing the end of Wall St's Second Gilded Age.

As backing for our rough country comments, it seems Rip, Sh't or Bust was pretty well spot on, like one looking to place bets at a hundred to one in race after race all too sure to win in the end.

Following Cowan's minute by minute account of the momentous March ten days one wonders how it took so long for the Treasury secretary Henry Paulson, New York Federal Reserve Bank President Tim Geithner, and Fed' Chaiman, Ben Bernanke for each to contemplate the horrors that must surely still lie ahead?

Would like some comments, Prota', but guess the whole thread's got a bit worn out.

Best of Cheers, BB, WA.