Loading ...In the beginning he was good, ok, its just after things started collapsing I guess after dot com bust and 9/11 that he was kind of screwed and had no choice. Then real estate foreclosures started. ’06 ’07’ 08? Finished him. Plus the gov’t and everybody knew, but didn’t do anything about it. Keep the game going.
Like when the tide goes out we see who didn’t have a bathing suit on. When that real estate and market bust started, everybody went to cash, wanted a return of their money all at the same time. So that finally ended him. And the old system.
The gov’t was looking the other way on LOTS of things before 2008 to avoid and delay problems. The BOZOS were giving no doc sub prime 105% liar loans to the masses after 9/11 to avoid and delay reality. Until they stopped paying. LOL in ’07.
The real estate thing Fanny ma, the Bonds, buy out GM on and on were all a far far bigger situation than Bernie’s situation. And absolutely nobody went to jail. Just him. Poor guy. At least he had a lot of good years.