The Voice of the White House for August 23rd 2007
People high up in Washington became aware of this (but the press was asked initially to lay off the subject) Cheney suggested to the shocked banks that they quickly sell of the “bad” mortgages to the Chinese. For some reason, Cheney hates them and is doing his very best to ruin their economy. He was the moving force behind the plan to sell Blackstone stock to the Chinese just before Blackstone went public. Naturally, when the news of the huge Chinese purchase hit the cooperative press, the stock prices went up just long enough for Cheney and his friends to make a short-term killing before Blackstone tanked. The Chinese are, deliberately, stuck with billions of dollars of stock in a fly-by-night company who is in the process of total collapse. Also, there have been runs on a bank, Nationwide, which is allied with the mortgage people who are in the process of total burn out. The public should note that the FDIC program protects all investors in any bank up to $100,000 and bank runs are not necessary or helpful. Now, you have some background on this. Don’t blame the banks, kids. They were conned and we will all pay for the game. And by now, the sleazy mortgage brokers are sunning on the beach at Tel Aviv while thinking of all their money stashed in Israeli banks.”