[Marxism] The programmer who helped wreck Wall Street
shmage at pipeline.com
Mon Mar 30 09:26:35 MDT 2009
On Mar 30, 2009, at 10:11 AM, Louis Proyect wrote:
> The first collateralized mortgage obligation, or CMO, was created in
> 1983 by First Boston and Salomon Brothers...
By no coincidence whatsoever 1983 was the year of St. Germain-Garn,
when the crooks in Washington turned the housing-finance sector over
to their "financial industry" employers.
> This cosmos did none of gods or men make, but it
> always was and is and shall be: an everlasting fire,
> kindling in measures and going out in measures."
> Herakleitos of Ephesos
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